Bank. In May 2021, the City combined the initial and additional funding in the same account with moderate allocation investment strategy. The Pension Stabilization Trust is a tax-qualified irrevocable trust, organized under Internal Revenue Code (IRC) Section 115, established to pre-fund pension obligations. The Plan Discretionary Trustee is U.S. Bank and U.S. Bank has delegated investment management responsibilities to High Mark Capital Management, and Public Agencies Retirement Services (PARS) is the Trust Administrator. In June 2022, the City elected the ‘Moderate HighMark Plus’ investment approach with a blended investment objective strategy. The primary objective is to provide current income with capital appreciation as secondary objective. The asset target allocations for this objective was 5% cash source, 47% equity and 48% fixed income.
The City’s Section 115 trust fund account is reported as restricted assets and fund balance in the General Fund. The value of the trust as of June 30, 2022 was $34,512 of which all was placed in cash, money market and money market mutual fund accounts.
Fair Value Measurement
The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset.
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described as follows:
Level 1 – Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the City has the ability to access.
Level 2 – Inputs to the valuation methodology include:
• Quoted prices for similar assets or liabilities in active markets; • Quoted prices for identical or similar assets or liabilities in inactive markets; • Inputs other than quoted prices that are observable for the asset or liability; • Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
Unobservable inputs reflect the City’s own assumptions about the inputs market participants would use in pricing the asset or liability (including assumptions about risk). Unobservable inputs are developed based on the best information available in the circumstances and may include the City's own data.
The asset's level within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The determination of what constitutes observable requires judgment by the City's management. City management considers observable data to be that market data, which is readily available, regularly distributed or updated, reliable, and verifiable, not proprietary, and provided by multiple independent sources that are actively involved in the relevant market. The categorization of an investment within the hierarchy is based upon the relative observability of the inputs to its fair value measurement and does not necessarily correspond to City management's perceived risk of that investment.
60 230 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
In instances where inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The City’s assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset or liability.
Deposits and withdrawals in governmental investment pools, such as LAIF and LACPIF are made on the basis of $1 and not fair value. Accordingly, the City’s proportionate share in these types of investments is an uncategorized input not defined as a Level 1, Level 2, or Level 3 input.
The following is a description of the valuation methods and assumptions used by the City to estimate the fair value of its investments. There have been no changes in the methods and assumptions used at June 30, 2021. The methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. City management believes its valuation methods are appropriate and consistent with other market participants. The use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
The City’s treasury pools asset market prices are derived from closing bid prices as of the last business day of the month as supplied by Interactive Data, Bloomberg or Telerate. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimated fair value.
Prices that fall between data points are interpolated. Non-negotiable FDIC-insured bank certificates of deposit are priced at par.
The City does not have any investments that are measured using Level 1 inputs.
For investments classified within Level 2 of the fair value hierarchy, the City's custodians generally use a multi- dimensional relational model. Inputs to their pricing models are based on observable market inputs in active markets. The inputs to the pricing models are typically benchmark yields, reported trades, broker-dealer quotes, issuer spreads and benchmark securities, among others.
The City does not have any investments that are measured using Level 3 inputs.
61 231 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
As of June 30, 2022, the City has the following fair value measurements:
Governmental and business-type activities:
Fair Value Measurements
Total
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Investments by fair value level:
Federal A gency Term Notes $ 66,976 - 66,976 -
Federal A gency Callable Bonds 256,188 - 256,188 -
Medium Term Notes 175,593 - 175,593 -
Obli gations of Other States 64,449 - 64,449 -
State and Municipal Bonds 67,618 - 67,618 -
U.S. Treasur y Notes 107,875 - 107,875 -
Mone y Market Mutual Funds - - - -
Held b y Other Financial Institutions:
Federal Agency Term Notes 1,995 - 1,995 -
Medium Term Notes - - - -
U.S. Treasur y Notes 3,990 - 3,990 -
Section 115 Trust Fund:
Mone y Market Mutual Funds 32,841 - 32,841 -
Total investments b y fair value level 777,525 - 777,525 -
Investments measured at amortized costs
or not sub
ject to fair value hierarchy:
Los An geles County Pool 72,910
State Investment Pool 122,887
Held b y Other Financial Institutions:
Mone y Market Accounts 1,750
Section 115 Trust Fund:
Mone y Market Accounts 1,671
Held b y Fiscal Agents:
Mone y Market Accounts 7,459
Guaranteed Investment Contracts 2,398
Total investments measured at
amortized costs or not subject to fair
value hierarchy 209,075
$ 986,600
62 232 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Fiduciary activities:
Fair Value Measurements
Total
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Investments by fair value level:
Money Market Mutual Funds $ 10,343 - 10,343 -
Total investments by fair value level 10,343 - 10,343 -
Investments measured at amortized costs
or not subject to fair value hierarchy:
State Investment Pool 27,503
Total investments measured at
amortized costs or not subject to
fair value hierarchy $ 37,846
NOTE 4 – LOANS RECEIVABLE
Due from Glendale Unified School District – Glendale Successor Agency Private-Purpose Trust Fund
In November 2003, under the provisions of SB 211, the Successor Agency extended the time limit to incur debt for the Central Glendale Project Area. Due to this extension, under state law, the Glendale Unified School District (GUSD) is entitled to receive a portion of the Central Project Area tax increment. As a means to fund an artificial turf/all-weather track renovation project for Moyse Field at Glendale High School, a proposal was made to loan the GUSD the net present value of their share of the Central Project Area tax increment, or approximately $1,800. The increment that would have otherwise gone to the GUSD. As of June 30, 2022, the outstanding loan total is $308.
Housing Loans Receivable
The Housing Authority has offered various housing loans to the residents of the City to create and maintain affordable housing for low and moderate income households. Four different types of housing loans are currently or were formerly funded from Community Development Block Grant (CDBG grant), HOME grant, Low and Moderate Income Housing Asset Fund (LMIHA) program income, and Building Equity and Growth in Neighborhoods Grant (BEGIN grant) funds. Certain Housing Authority loans will be forgiven or restructured when all requirements are met.
Because of the uncertainty of collectability, the City has established a policy not to record forgivable loans on the financial statements. The non-forgivable loans are recorded on the financial statements.
• Single Family Home Rehabilitation Loan
The program was funded by the CDBG grant, HOME grant, and LMIHA. It provided funds for moderate rehabilitation of owner-occupied homes for low and moderate income households. The deferred payment loan is interest-bearing with simple interest rates ranging from 0% to 4% annually for up to 10 years, and with a loan amount up to $25. Generally, the loan is repaid at the time of sale or transfer of the property and is secured by a deed of trust on the property. This program was eliminated in February 2012; however, there are existing loans receivable. As of June 30, 2022, $1,038 is outstanding and recorded as loans receivable: $94 is recorded in the CDBG Fund, $172 is recorded in the Home Grant Fund, and $772 is recorded in the Low & Moderate Income Housing Asset Fund.
63 233 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
• First Time Home Buyer Loan
The program is funded by the HOME grant, LMIHA, and BEGIN grant, and has two categories.
Down Payment Assistance – Resale Homes Purchase. The program provided funds for down payment and affordability gap assistance for the purchase of a resale home by a low or moderate income first time home buyer household. Loan terms varied from 30 to 45 years and required either a 5% simple annual interest rate paid monthly, or a 0% simple annual interest rate with no monthly payments. All loans are second mortgage deferred payment and forgivable up to $75. If the property is sold, transferred, or no longer owner-occupied before the term expires, the borrower must repay the original principal amount plus an appreciation share. This program was eliminated in February 2012; however, there are existing loans receivable. As of June 30, 2022, the forgivable loan amount of $2,945 is outstanding, and is not recorded in the financial statements. As of June 30, 2022, the non- forgivable amount is $0.
Down Payment Assistance – New Construction Homes Purchase. For new construction units, the amount of the loan is based on the amount of the affordability gap. The loan is secured by a deed of trust on the property and affordable housing covenants. Loans fall into two types. One type is the deferred payment forgivable loan with a loan term of 30 to 45 years; the loan is forgiven at the end of the loan term. If the property is sold, transferred, or no longer owner-occupied before the term expires, the borrower must repay the original principal amount plus an appreciation share. A small set of loans funded through the American Dream Down Payment Assistance Program are forgiven at a set percentage of the principal amount each year. A second type of loan is a deferred payment loan with resale restrictions. This includes the most recent HOME funded loans that are subject to resale restrictions and must be resold to low-income home buyers if sold before the end of the term. As of June 30, 2022, the forgivable loan amount at the end of the term is $12,962, and is not recorded on the financial statements. The Doran Gardens project loans funded through the BEGIN grant are deferred loans and are to be repaid at the end of the 30-year term. As of June 30, 2022, the non-forgivable amount is $5,685 and is recorded as loans receivable in the BEGIN Affordable Homeownership Fund.
• New Construction and Acquisition/Rehabilitation Rental Development Loan
The program is funded by the HOME grant and LMIHA and provides funds for new construction, acquisition or rehabilitation of affordable rental housing. Loan terms and loan underwriting requirements are negotiated with the developer on a project-by-project basis. The loan is secured by a deed of trust and affordable housing covenants on the property. Loans provide gap assistance to make housing units affordable to low and moderate income households, and units must be rented at an affordable rent. Leveraging of funds with other sources and contribution of developer equity is required. Loans may be second mortgage deferred payment loans, which require loan principal plus interest to be repaid at the end of the loan term, and residual receipt payments are required on some deferred loans. Also, loans may be permanent financing first mortgage loans at below-market interest rates, and monthly amortized payments are required. Such loans would be provided when credit conditions or loan costs are not feasible for the project. As of June 30, 2022, the forgivable loan amount at the end of the term is $3,678, and is not recorded on the financial statements. As of June 30, 2022 there are non-forgiven (no recourse) loans, these type of agreements are very long term (55 years+). There are no loan amortization schedules because the loan will only be paid back if there is enough residue receipt. Therefore, the loan agreement has a no recourse term, and the loan collectability is uncertain. As of June 30, 2022, the non-forgivable (no recourse) amount is $132,168 and is recorded as loans receivable and as allowance for uncollectible.
Accordingly, the net loans receivable is zero.
64 234 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
NOTE 5 – INTERFUND TRANSACTIONS
The composition of interfund balances consists of due to/from other funds, advances to/from other funds, and transfers. Due to/from other funds are temporary cash overdrafts between funds. Advances to/from other funds represent an interfund loan extending beyond one year and some advances are formal lending agreements between funds.
Due to/from other funds as of June 30, 2022 consist of the following:
Due to General Fund from:
Nonma jor governmental funds $ 6,136
Internal service funds 55
Total $ 6,191
The City reports transfers between many of its funds. The sum of all transfers presented in the following table agrees with the sum of interfund transfers presented in the government-wide, governmental and proprietary fund financial statements. Transfers are used to (1) subsidize the activities of other funds and (2) move revenues from the fund that budget requires to collect them to the fund that budget requires to expend them.
Amount Purpose
Transfers to General Fund from:
Electric Fund $ 20,193 Fund General Fund operations per Charter Refuse Disposal Fund 479 Fund General Fund operations Grant Fund 3
Transfer of unspent funding from CicLAvia
Project
20,675
Transfer to Capital Improvement Fund from:
General Fund 378 Fund Capital Improvement pro jects
Transfers to nonmajor governmental funds from:
General Fund 85 Fund Nutritional Meals Grant matching General Fund 1,500 Fund debt service payments
General Fund 16 Fund Assistance to Firefighters Grant Grant Fund 60 Fund Open Streets Grant matching
Capital Improvement Fund 3,906 Fund Scholl Canyon Landfill reserve 5,567
Total Interfund Transfers $ 26,620
65 235 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
NOTE 6 – CAPITAL AND LEASE ASSETS
Capital asset for Governmental activities for the year ended June 30, 2022 was as follows:
Balance at
Jul
y 1 Increases Decreases Reclass
Balance at
June 30*
Capital assets, not bein g depreciated:
Land $ 447,259 - - 33 447,292
Construction in pro gress 16,725 14,883 - (17,505) 14,103 Total assets not bein g depreciated 463,984 14,883 - (17,472) 461,395
Depreciable capital assets:
Buildin g and improvements 458,769 1,577 (47) 4,835 465,134 M a c h i n e ry and equipment 148,419 3,042 (20,432) 230 131,259 Infrastructure 358,326 1,066 (902) 12,440 370,930
Total other capital assets at cos t 965,514 5,685 (21,381) 17,505 967,323 Amortizable intangible assets:
Intan gible assets 7,304 - - - 7,304
Less accumulated depreciation:
Buildin g and improvements 201,923 12,036 - - 213,959
M a c h i n e ry and equipment 101,611 9,093 (20,433) - 90,271 Infrastructure 135,245 9,401 - - 144,646
Total accumulated depreciation 438,779 30,530 (20,433) - 448,876 Less amortization:
Intan gible assets 2,200 792 - - 2,992
Total assets being depreciated and
amortized, net 531,839 (25,637) (949) 17,505 522,759
Governmental activities capital assets, net $ 995,823 (10,754) (949) 33 984,154
*$81,435 of buildings, improvements, machinery, equipment, construction in progress and intangible assets from internal service funds are included in governmental activities. $45,815 of accumulated depreciation and amortization from internal service funds are included in governmental activities.
Depreciation and amortization expense was charged to functions of the City’s governmental activities for the year ended June 30, 2022 as follows:
Depreciation and amortization
General Government $ 3,695
Police 2,128
Fire 959
Public Works 16,968
Parks, Recreation and Communit
y Services 3,332
Library 1,312
Transportation 1,920
Housing, Health and Community Development 1,008
Total depreciation and amortization expense $ 31,322
66 236 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Capital asset for Business-type activities for the year ended June 30, 2022 was as follows:
Balance
at July 1 Increases Decreases Reclass
Balance at
June 30
Capital assets, not being depreciated:
Land $ 9,557 - - - 9,557
Construction in progress 13,007 6,654 - (8,072) 11,589 Total assets not being depreciated 22,564 6,654 - (8,072) 21,146 Depreciable capital assets:
Building and improvements 317,943 605 - 1,950 320,498 Machinery and equipment 593,524 8,132 (16,626) 6,081 591,113 Infrastructure 173,740 4,199 - 41 177,980
Total other capital assets at cost 1,085,207 12,936 (16,626) 8,072 1,089,591 Depletable capital assets:
Natural gas reserve 22,166 5 - - 22,171
Amortizable intangible assets:
Intangible assets 115,211 1,729 - - 116,940
Less accumulated depreciation:
Building and improvements 124,139 6,698 - - 130,837
Machinery and equipment 393,321 26,279 (16,566) - 403,034 Infrastructure 66,466 3,712 - - 70,178
Total accumulated depreciation 583,926 36,689 (16,566) - 604,049 Less accumulated natural gas depletion:
Natural gas reserve 13,770 711 - - 14,481
Less amortization:
Intangible assets 58,376 3,209 - - 61,585
Total assets being depreciated,
depleted, and amortized, net 566,512 (25,939) (60) 8,072 548,587
Business-type activities capital assets, net $ 589,076 (19,285) (60) - 569,733
Depreciation, depletion and amortization expense was charged to functions of the City’s Business-type activities for the year ended June 30, 2022 as follows:
Depreciation
Sewer $ 3,590
Electric 23,770
Water 7,089
Refuse Disposal 1,685
Fire Communication 555
Total depreciation expense 36,689
Depletion - Electric 711
Amortization - Electric, Water & Sewer 3,209
Total depreciation, depletion, and amortization expense $ 40,609
67 237 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Capital asset for Fiduciary Fund for the year ended June 30, 2022 was as follows:
Balance
at July 1 Increases Decreases Reclass
Balance at
June 30
Capital assets, not being depreciated:
Land $ 33 - - (33) -
Intangible assets 2,795 - - - 2,795
Total assets not being depreciated 2,828 - - - 2,795
Depreciable capital assets:
Machinery and equipment 356 - - - 356
Total other capital assets at cost 356 - - - 356
Less accumulated depreciation:
Machinery and equipment 174 26 - - 200
Total accumulated depreciation 174 26 - - 200
Total assets being depreciated, net 182 (26) - - 156
Fiduciary fund capital assets, net $ 3,010 (26) - (33) 2,951
Depreciation expense was charged to functions of the City’s fiduciary fund for the year ended June 30, 2022 as follows:
Depreciation
ICI S
ystem $ 26
Lease asset for Governmental activities for the year ended June 30, 2022 was as follows:
Balance
at July 1 Increases
Balance at
June 30
Depreciable capital assets:
Building $ 2,169 - 2,169
Less accumulated depreciation:
Building - 815 815
Governmental activities lease assets, net $ 2,169 815 1,354
68 238 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Depreciation expense was charged to functions of the City’s governmental activities for the year ended June 30, 2022 as follows:
Depreciation
General Government $ 52
Employment Program 697
Library 66
Total depreciation expense $ 815
Lease asset for Business-type activities for the year ended June 30, 2022 was as follows:
NOTE 7 – LONG-TERM DEBT
The City’s long-term debt as of June 30, 2022 consists of the following:
Bonds payable:
Issuance
Amount
Balance
at July 1 Additions Retirements
Balance
at
June 30
Due
within
one year
Governmental activities:
GMFA 2019 lease revenue refunding bonds $ 24,925 21,260 - 1,930 19,330 2,025 GMFA 2019 lease revenue bonds premium - 4,318 - 484 3,834 484 Total Governmental activities $ 24,925 25,578 - 2,414 23,164 2,509
Issuance
Amount
Balance
at July 1 Additions Retirements
Balance
at
June 30
Due
within
one year
Business-type activities:
Electric revenue bonds, 2013 refunding series $ 20,510 15,635 - 1,095 14,540 1,145 Electric revenue bonds, 2013 series 60,000 52,445 - 1,360 51,085 1,430 Electric revenue bonds, 2016 refunding series 72,615 61,075 - 3,255 57,820 3,420 Electric revenue bonds premium - 18,341 - 1,131 17,210 1,131 Water revenue bonds, 2012 series 35,000 33,160 - 550 32,610 580 Water revenue bonds, 2020 refunding series 36,625 35,040 - 1,635 33,405 1,680 Water revenue bonds premium - 3,744 - 221 3,523 221
Total Business-type activities $ 274,750 219,440 - 9,247 210,193 9,607
Balance at
July 1 Increases
Balance
at June 30
Lease assets not being depreciated
Land $ 272 - 272
Business activities lease assets, net
$
272 - 272
69 239 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Issuance
Amount
Balance
at July 1 Additions Retirements
Balance
at
June 30
Due
within
one year
Fiduciary Activities:
2013 GSA tax allocation
bonds refunding $ 44,985 6,455 - 6,455 - -
2016 GSA tax allocation
bonds refunding 20,810 20,810 - - 20,810 6,665
GSA tax allocation bonds
discount/premium - 1,762 - 676 1,086 449
Loans payable to the City 40,133 1,825 - 1,825 - - Total Fiduciary Activities $ 105,928 30,852 - 8,956 21,896 7,114
Leases payable:
Issuance
Amount
Balance
at July 1 Additions Retirements
Balance
at
June 30
Due
within
one year
Governmental activities:
Verdugo Jobs Center building lease $ 1,219 1,219 - 690 529 529
Library Connection @ Adams Square
building lease 313 313 - 49 264 68
Mt. Lukens telecommunication building lease 637 637 - 39 598 41 Total Governmental activities $ 2,169 2,169 - 778 1,391 638
Issuance
Amount
Balance
at July 1 Additions Retirements
Balance
at
June 30
Due
within
one year
Business-type activities:
Flint Peak tower facility ground lease $ 114 114 - 3 111 3 Airspace land lease 158 158 - 51 107 51
Total Business-type activities $ 272 272 - 54 218 54
A summary of the City’s bond terms and interest rates is as follows:
Governmental activities:
The City has outstanding long-term bonded-debt for governmental activities of $23,164 of which has no direct borrowing and no direct placements related to governmental activities as of June 30, 2022. The City also has no outstanding or unused line of credit related to long-term debt of governmental activities as of June 30, 2022. The governmental activities bonds payable contains a provision that Glendale Municipal Financing Authority will not pledge to collateral any assets owned by the City, but the Lease Agreement permits the Glendale Municipal Financing Authority and its Trustee to take possession of and re-lease the Police Building in the event of a default by the City. The governmental activities bonds payable has no remedy of acceleration of any lease payments which has not come due and payable in accordance with the Lease Agreement. The governmental activities bonds payable contains an event of default that changes the timing of repayment of outstanding principal and interest to become immediately due if the City is unable to make payment.
70 240 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Glendale Municipal Financing Authority (GMFA) 2019 Lease Revenue Refunding Bonds
The GMFA 2019 Lease Revenue Refunding Bonds were issued pursuant to a resolution adopted by the City Council and Joint Exercise of Powers Agreement with the Glendale Housing Authority to establish the Glendale Municipal Financing Authority on April 9, 2019 and a resolution adopted by the City Council authorizing GMFA to issue bonds to refinance the City’s 2000 Variable Rate Certificates of Participation on April 16, 2019.
The City of Glendale Municipal Financing Authority issued $24,925 in lease revenue bonds on June 25, 2019 to refinance the existing lease relating to the City’s outstanding Variable Rate Demand Certificates of Participation (2000 Police Building Project). The bond proceeds were deposited in an escrow account and were used to refund and redeem all of the outstanding COPs on June 25, 2019 at a redemption price equal to 100% of the principal amount plus accrued interest up to the redemption date. There was no difference between the reacquisition price of the refunding bonds and the net carrying amount of the refunded bonds. The refunding also resulted in cash flow savings of $3,710 which is the difference between the cash flows required to service the old COPs and the cash flows required to service the new 2019 bonds.
The GMFA does not require the trustee to establish and maintain a reserve fund for the bonds. Interest rates are
5.00% and paid semiannually on December 1 and June 1. Principal payments are made annually on June 1. The bonds will mature in regularly increasing amounts ranging from $1,930 to $2,850 annually from FY 2022-23 to FY 2029-30. Outstanding principal balance at June 30, 2022 was $19,330.
The bonds are not subject to optional redemption prior to their respective stated maturities.
The bonds are payable and secured from the revenues pledged under the Indenture of Trust, dated June 1, 2019.
Pursuant to a Site Lease, dated June 1, 2019, by and between the GMFA and the City, the City has leased the Police building to GMFA. GMFA has subleased the Police building back to the City under the Lease Agreement, dated June 1, 2019, by and between the City and GMFA. The revenues consist primarily of lease payments to be made by the City under the terms of the Lease Agreement. The annual lease payments from the City are to be made at a rate sufficient to meet the debt service requirements of the outstanding bond indebtedness on the leased property.
Business-type activities:
The City has outstanding long-term bonded-debt for business activities of $210,193, has no direct borrowings, and no direct placements related to business-type activities as of June 30, 2022. The City also has no outstanding or unused line of credit related to long-term debt of business-type activities as of June 30, 2022. The business-type activities bonds payable contains a provision that none of the electric utility and water utility assets owned by the City will be sold or leased if the City is unable to satisfy the debt service requirement. The business-type activities bonds payable contains a provision that, in an event of default, the owners of 25% in aggregate Bond Obligations of Bonds then outstanding, may call a meeting of the bond owners for the purpose of electing a bond owners’ committee. The business-type activities bonds payable contains a subjective acceleration clause that allows the bond owners’ committee to accelerate payment of the entire principal and interest amounts to become immediately due in an event of default by the City.
Enterprise Fund – Electric utility
The Electric utility has pledged future electric customer revenues, net of specified operating expenses, to pay the remaining total principal and interest on the Electric revenue bonds of $184,205 through FY 2042-43. The bonds are payable solely from Electric utility’s net income and are expected to require the net income to be at least equal to
1.10 times the amount of the annual debt services as they become due each fiscal year. The rates to be charged for services furnished by the Electric utility should incorporate the debt service requirements to provide revenues sufficient to pay, as the principal and interest become due. The Electric revenue bonds are secured with amounts on deposit in account established under the indenture, including the reserve account. As of June 30, 2022, the parity reserve fund has a balance of $4,730 held by the Trustee. Total debt service paid and total net available revenues for debt service coverage for FY 2021-22 were $12,168 and $46,014, respectively.
71 241 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Electric Revenue Bonds, 2013 Refunding Series
The Electric utility of Glendale Water & Power issued $20,510 in revenue bonds in March 2013 to provide funds to refund all of the City’s outstanding Electric Revenue Bonds, 2003 Series (2003 Bonds) and pay cost of issuance.
The bond proceeds were deposited in an escrow account and were used to refund the Refunded Bonds through a legal defeasance. Such proceeds were made available to pay on April 22, 2013 (Redemption Date) all of the outstanding principal amount of the 2003 Bonds at a redemption price of 100% of the principal amount thereof plus accrued interest thereon to the Redemption Date. The 2003 Bonds is no longer considered outstanding.
The refunding resulted in the recognition of a deferred loss on refunding of $79 as of June 30, 2022, and is being amortized through FY 2031-32. The refunding also resulted in cash flow savings of $3,699 which is the difference between the cash flows required from the prior debt service and the cash flows required for the new refunding debt service.
Interest rates range from 4.00% to 5.00% and paid semiannually on August 1 and February 1. Principal payments are made annually on February 1. The 2013 Refunding Bonds will mature in regularly increasing amounts ranging from $1,145 to $1,805 annually from FY 2022-23 to FY 2031-32. Outstanding principal balance at June 30, 2022 was $14,540.
The 2013 Refunding Bonds have an optional redemption on and after February 1, 2024.
Electric Revenue Bonds, 2013 Series
The Electric utility of Glendale Water & Power issued $60,000 in revenue bonds in December 2013 to finance the costs of acquisition and construction of certain improvements to the City’s electric public utility including the rebuilding of Grandview substation and other reliability improvements to the distribution system, make a deposit to the Parity Reserve Fund and pay the cost of issuance.
Interest rates range from 3.00% to 5.00% and paid semiannually on August 1 and February 1. Principal payments are made annually on February 1. The 2013 Bonds will mature in regularly increasing amounts ranging from $1,430 to $3,795 annually from FY 2022-23 to FY 2042-43. Outstanding principal balance at June 30, 2022 was $51,085.
The 2013 Bonds have an optional redemption on and after February 1, 2024. The 2013 Bonds maturing on February 1, 2039 and February 1, 2043 are subject to mandatory sinking fund redemption from mandatory sinking account payments set aside in the Parity Obligation Payment Fund.
Electric Revenue Bonds, 2016 Refunding Series
The Electric utility of Glendale Water & Power issued $72,615 in revenue bonds in May 2016 to provide moneys for the refunding of all of the City’s outstanding Electric Revenue Bonds, 2006 Refunding Series (2006 Bonds), a portion of the City’s outstanding Electric Revenue Bonds, 2008 Series (2008 Bonds), to finance the costs of acquisition and construction of certain improvements to the City’s electric public utility and paying the costs of issuance of the 2016 Bonds. The bond proceeds were deposited in an escrow account and were used to refund the Electric Revenue Bonds, 2006 Refunding Series and a portion of the outstanding Electric Revenue Bonds, 2008 Series through a legal defeasance. The 2006 Bonds and 2008 Bonds were redeemed on June 3, 2016 and February 1, 2018, respectively both at a redemption price of 100% of the principal amount thereof plus accrued interest thereon to the redemption date. Both 2006 Bonds and 2008 Bonds are no longer considered outstanding.
The refunding resulted in the recognition of a deferred loss on refunding of $3,548 as of June 30, 2022, and is being amortized through FY 2037-38. The refunding also resulted in cash flow savings of $13,026 which is the difference between the cash flows required from the prior debt service and the cash flows required for the new refunding debt service.
72 242 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Interest rates are 5.00% and paid semiannually on August 1 and February 1. Principal payments are made annually on February 1. The 2016 Refunding Bonds will mature in regularly increasing amounts ranging from $2,700 to $4,715 annually from FY 2022-23 to FY 2037-38. Outstanding principal balance at June 30, 2022 was $57,820.
The 2016 Refunding Bonds have an optional redemption on and after February 1, 2027. The 2016 Refunding Bonds maturing on February 1, 2038 are subject to mandatory sinking fund redemption from mandatory sinking account payments set aside in the Parity Obligation Payment Fund.
Enterprise Fund – Water utility
The Water utility has pledged future water customer revenues, net of specified operating expenses, to pay the remaining total principal and interest on the Water revenue bonds of $89,965 through FY 2041-42. The bonds are payable solely from Water utility’s net revenues and is expected to require the net revenues to be at least equal to
1.25 times the amount of the annual debt services as they become due each fiscal year. The rates to be charged for services furnished by the Water utility should incorporate the debt service requirements to provide revenues sufficient to pay, as the principal and interest become due. The Water revenue bonds are secured with amounts on deposit in account established under the indenture, including the reserve account. As of June 30, 2022, the parity reserve fund has a balance of $5,127 held by the Trustee. Total debt service paid and total net available revenues for debt service coverage for FY 2021-22 were $4,276 and $15,040, respectively.
Water Revenue Bonds, 2012 Series
The Water utility of Glendale Water & Power issued $35,000 in revenue bonds in December 2012 to finance the costs of certain improvements to the City’s water public utility including construction and development of Rockhaven Well, construction of a new energy and asset management system, Supervisory Control and Data Administration (SCADA), Glorietta Well improvements and pump station and water quality improvements, make a deposit to the Parity Reserve Fund and pay the cost of issuance.
Interest rates range from 2.75% to 5.00% and paid semiannually on August 1 and February 1. Principal payments are made annually on February 1. The bonds will mature in regularly increasing amounts ranging from $580 to $4,945 annually from FY 2022-23 to FY 2041-42. Outstanding principal balance as of June 30, 2022 was $32,610.
The 2012 Bonds have an optional redemption on and after February 1, 2023. The 2012 Bonds maturing on February 1, 2042 are subject to mandatory sinking fund redemption from mandatory sinking account payments set aside in the Parity Obligation Payment Fund.
Water Revenue Bonds, 2020 Refunding Series
The Water utility of Glendale Water & Power issued $36,625 in revenue bonds in August 2020 to provide moneys for refunding the City’s outstanding Water Revenue Bonds, 2008 Series (2008 Bonds), making a deposit to the Parity Reserve Fund, and paying the costs of issuance of the 2020 Bonds. The bond proceeds were deposited in an escrow account and were used to refund the 2008 Bonds. The 2008 Bonds was redeemed on September 5, 2020 at a redemption price of 100% of the principal amount plus accrued and unpaid interest to such redemption date. The 2008 Bonds is no longer considered outstanding.
The refunding resulted in the recognition of a deferred gain on refunding of $850 as of June 30, 2022, and is being amortized through FY 2037-38. The refunding also resulted in cash flow savings of $12,031 which is the difference between the cash flows required from the prior debt service and the cash flows required for the new refunding debt service.
Interest rates range from 2.00% to 4.00% and paid semiannually on August 1 and February 1. Principal payments are made annually on February 1. The 2020 Refunding Bonds will mature in regularly increasing amounts ranging from $1,680 to $2,475 annually from FY 2022-23 to FY 2037-38. Outstanding principal balance at June 30, 2022 was $33,405.
73 243 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
The 2020 Refunding Bonds have an optional redemption on and after August 1, 2030.
Fiduciary activities:
The Successor Agency has outstanding long-term debt of $21,896, and no direct placements related to fiduciary activities as of June 30, 2022. The Successor Agency also has no outstanding or unused line of credit related to long-term debt of fiduciary activities as of June 30, 2022. The fiduciary activities bonds payable did not contain a provision to pledge as collateral for debt any assets or properties owned by the Successor Agency in the event of default by the Successor Agency. The fiduciary activities bonds payable contain a provision that in an event of default, the majority owners in aggregate principal amount of the Bonds at the time outstanding can accelerate payment of the entire principal and interest amounts to become immediately due if the Successor Agency is unable to make payment, with the exception of Tax Allocation Bonds, 2013 Refunding Series and Subordinate Tax Allocation Bonds, 2016 Refunding Series that have bond insurance with Assured Guaranty Municipal Corporation and Build America Mutual Assurance Company, respectively, these bond insurers may elect at its sole discretion to pay the accelerated principal and interest payments to the extent unpaid by the Successor Agency.
The fiduciary activities bonds payable contain a provision to comply with the requirements of the Redevelopment Law and shall take all actions required to prepare and file the Recognized Obligation Payment Schedules in order for the Los Angeles County Auditor-Controller to distribute from the Redevelopment Property Tax Trust Fund to Redevelopment Obligation Retirement Fund all amounts required to enable the Successor Agency to pay timely principal and interest on the 2016 Bonds, and 2013 Bonds when due including any amounts due to Bond insurers in respect of the Bond Insurance Policy.
Tax Allocation Bonds, 2013 Refunding Series
The Glendale Successor Agency (the “GSA”) issued $44,985 in 2013 tax allocation bonds with an average rate of
4.81% for the refunding of the former Glendale Redevelopment Agency’s (the “Agency”) outstanding Central Glendale Redevelopment Project Tax Allocation Bonds, 2002 Series and the Tax Allocation Bonds, 2003 Refunding Series (the “Prior Bonds”), and to pay the cost of issuance of the 2013 Bonds. The advance refunding of Tax Allocation Bonds, 2002 Series and the Tax Allocation Bonds, 2003 Refunding Series resulted in a difference between the reacquisition price of refunding bonds and the net carrying amount of the refunded bonds. The refunding also resulted in cash flow savings of $6,583 which is the difference between the cash flows required to service the prior debt service and the cash flows required to service the new 2013 refunding bonds. The refunding of the 2002 and 2003 Tax Allocation Bonds were approved by the Oversight Board and the Department of Finance (DOF), to provide savings until the Refunding Bonds are repaid. The property tax derived from the former Agency’s Central Project Area is pledged to repay these Bonds until they are paid in full. The funds are distributed by the County of Los Angeles semi-annually through the ROPS process, subject to the approval by the Successor Agency’s Oversight Board and the DOF. As of June 30, 2022, the bond was fully paid. The bond matured on December 1, 2021.
The 2013 Refunding Bonds are not subject to redemption prior to their stated maturities.
Subordinate Tax Allocation Bonds, 2016 Refunding Series
The Glendale Successor Agency (the “GSA”) issued $20,810 in 2016 tax allocation refunding bonds with an average rate of 1.74% to refinance the former Glendale Redevelopment Agency’s (the “Agency”) outstanding Central Glendale Redevelopment Project Tax Allocation Bonds, 2010 Series. The advance refunding of Tax Allocation Bonds, 2010 Series resulted in a difference between the reacquisition price of refunding bonds and the net carrying amount of the refunded bonds. The deferred loss on refunding as of June 30, 2021 for $426 is recognized and reported in the financial statements as a deferred outflows of resources and is being amortized through FY 2024-25. The refunding also resulted in cash flow savings of $5,231 which is the difference between the cash flows required to service the prior debt service and the cash flows required to service the new 2016 refunding bonds.
The refunding of the 2010 Tax Allocation Bonds was approved by the Oversight Board and the DOF, to provide savings until the Refunding Bonds are repaid. The property tax derived from the former Agency’s Central Project Area is pledged to repay these Bonds until they are paid in full. The funds are distributed by the County of Los Angeles semi-annually through the ROPS process, subject to the approval by the Successor Agency’s Oversight
74 244 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Board and the DOF. As of June 30, 2022, the principal balance is $20,810. The 2016 Bonds will mature in regularly increasing principal amounts ranging from $6,665 to $7,210 from FY 2022-23 to FY 2024-25. The reserve requirement of the bond issue is satisfied by a surety bond policy with a face value of $2,081.
The 2016 Refunding Bonds are not subject to redemption prior to their stated maturities.
Loans Payable
On February 6, 2013, and again on February 11, 2014, Glendale received approval from its Oversight Board to reinstate its City-Agency loans; however, the DOF refused to approve the Oversight Board’s action contending that the Agency had incorrectly calculated the interest earned on the loans. Following unsuccessful efforts to informally resolve the disagreement by meeting and conferring with the DOF, on August 14, 2014, the City and Agency filed suit against the DOF for a determination that the Agency had correctly calculated interest on the loans.
On April 16, 2015, the Sacramento Superior Court issued an order and judgment finding for the Agency and City and holding the DOF had abused its discretion when it rejected the Oversight Board’s action reinstating the City-Agency Loans using the historic LAIF rates for calculating the interest earned thereon. The Oversight Board subsequently approved a Recognized Obligation Payment Schedule (ROPS) that included the reinstated City-Agency loans using the interest rate calculation recognized by the Court’s 2015 order and judgment, but DOF denied the entire balance of the reinstated loans. Following another round of unsuccessful efforts to informally resolve the dispute by meeting and conferring with the DOF, on July 28, 2015, the City and Agency filed another lawsuit against the DOF seeking to overturn the DOF’s decision to reject the reinstated loans. On February 18, 2016, the Sacramento Superior Court entered its Judgment granting the City’s and Agency’s writ and reversing the DOF’s decision to deny the reinstated loans as enforceable obligations. The annual loan payment amount is determined by a formula specified in the Dissolution Act. The DOF has approved, and the County Auditor-Controller has paid Glendale $1,826 via the ROPS process in FY 2021-22.
Furthermore, 20% of any loan repayment is required to be deducted and recorded to the City’s Low and Moderate Income Housing Asset Fund. $365 was recorded as loan payment in FY 2021-22 to the Low and Moderate Income Housing Asset Fund. As of June 30, 2022, the loan amount has a $0 balance.
A summary of the City’s lease terms and interest rates is as follows:
Governmental activities:
Building leases – annual principal payments ranging from $51 to $638 from FY 2022-23 to FY 2033-34 plus interest rates ranging from 0.18% to 1.25%. Outstanding principal balance at June 30, 2022 was $1,391.
Business-type activities:
Land leases - annual principal payments ranging from $4 to $54 from FY 2022-23 to FY 2040-41 plus interest rates ranging from 0.28% to 1.47%. Outstanding principal balance at June 30, 2022 was $218.
Building and land leases provide for increases in future minimum annual lease payments based on a defined percentage increases as stated in the lease agreements or defined increases in the Consumer Price Index, subject to certain minimum increases.
75 245 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Annual Requirement Schedules
The City’s annual debt service requirement schedules as of June 30, 2022 are as follows:
Governmental and business-type activities:
GMFA 2019 Lease Revenue
Refundin
g Bonds
Fiscal Year Interes t Principal
2023 $ 967 2,025
2024 865 2,125
2025 759 2,230
2026 648 2,345
2027 530 2,460
2028-2030 828 8,145
$ 4,597 19,330
Electric Revenue Bonds Water Revenue Bonds
Fiscal Year Interes
t Principal Interest Principal
2023 $ 6,172 5,995 2,015 2,260
2024 5,873 6,300 1,935 2,340
2025 5,558 6,600 1,853 2,415
2026 5,228 6,930 1,785 2,485
2027 4,880 7,270 1,712 2,560
2028-2032 18,699 37,350 7,200 14,325
2033-2037 10,481 29,065 5,027 17,150
2038-2042 3,679 20,140 2,423 22,480
2043 190 3,795 - -
$ 60,760 123,445 23,950 66,015
76 246 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Total Governmental
Activities
Total Business-type
Activities
Total
Debt Service Fiscal Year Interes t Principal Interes t Principal 2023 $ 967 2,025 8,187 8,255 19,434
2024 865 2,125 7,808 8,640 19,438
2025 759 2,230 7,411 9,015 19,415
2026 648 2,345 7,013 9,415 19,421
2027 530 2,460 6,593 9,830 19,413
2028-2032 828 8,145 25,899 51,675 86,547
2033-2037 - - 15,508 46,215 61,723
2038-2042 - - 6,102 42,620 48,722
2043 - - 190 3,795 3,985
$ 4,597 19,330 84,711 189,460 298,098
Fiduciary activities:
GSA Tax Allocation
Bonds
Total
Fiduciary
Activities
Debt Service
Fiscal
Year Interes t
Principal
2023 $ 771
6,665
7,436
2024 499 6,935 7,434
2025 180 7,210 7,390
$ 1,450 20,810 22,260
The City's total future minimum lease payments under lease agreements are as follows:
Governmental Activities Business-type Activities
Total Fiscal Year Interes t Principal Interes t Principal 2023 $ 9 638 2 54 703
2024 8 113 2 54 177
2025 7 118 2 8 135
2026 6 103 1 4 114
2027 5 51 1 4 61
2028-2032 14 296 6 24 340
2033-2037 - 72 4 35 111
2038-2041 - - 1 35 36
$ 49 1,391 19 218 1,677
77 247 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
NOTE 8 – PENSION PLANS
California Public Employees’ Retirement System
General Information about the Pension Plans
Plan Description
All eligible employees participate in the City’s agent multiple employer defined benefit pension plans, either Safety (police and fire sworn members) or Miscellaneous (all other members), administered by the California Public Employees’ Retirement System (CalPERS), which acts as a common investment and administrative agent for its participating member employers. Benefit provisions under the Plans are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions, and membership information that can be found on the CalPERS website at http://www.calpers.ca.gov.
Benefits Provided
CalPERS provides service retirement and disability retirement benefits, annual cost of living adjustments, and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full time employment. Members with five years of total service are eligible to retire at age 50 for Classic members and age 52 for PEPRA members, with statutorily reduced benefits. Members may be eligible for disability retirement benefits after a minimum of 5 years of service. The cost of living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.
The death benefit is as follows:
If eligible to retire, the Pre-retirement Option 2W Death Benefit; or the Basic Death Benefit of a refund of contributions, plus interest; and up to six months’ pay (one month’s salary rate for each year of current service to a maximum of six months); and 1959 Survivor Benefit Program Level 4* (may not be payable if the Special Death Benefit is elected).
If not eligible to retire, the Basic Death Benefit of a refund of contributions, plus interest; and up to six months’ pay (one month’s salary rate for each year of current service to a maximum of six months); and 1959 Survivor Benefit Program Level 4* (may not be payable if the Special Death Benefit is elected).
*1959 Survivor Benefit Program Level 4 may not be applicable if there is no eligible Spouse/Registered Domestic Partner (must have been married/registered for at least one year prior to retirement) and an unmarried eligible dependent child under age 22. An eligible surviving spouse/registered domestic partner may be entitled to the 1959 Survivor Benefit Program Level 4 benefits as long as they have care of an eligible child (unmarried dependent child of the member living with the member in a parent-child relationship, while under age 22) or the surviving spouse/registered domestic partner is at least age 62 (age 60 at Level 4 and under the Indexed Level). An eligible surviving spouse/registered domestic partner may remarry and continue to receive the allowance.
78 248 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
The Plans’ provisions and benefits in effect at the measurement date ended June 30, 2021, are summarized as follows, which remain the same for FY 2021-22.
Miscellaneous
Hire date
Prior to
Januar
y 1, 2011
Between
January 1, 2011 and
December 31, 2012
On or after
January 1, 2013
Benefit formula 2.5% @ 55 2% @ 55 2% @ 62
Benefit vesting schedule 5 years of service 5 years of service 5 years of service Benefit payments monthl y for life monthly for life monthl y for life Retirement age 50-55+ 50-63+ 52-67+
Monthly benefits, as a % of
eligible compensation 2.0% to 2.5% 1.426% to 2.418% 1.0% to 2.5%
Safety
Hire date
Prior to
January 1, 2011
Between
January 1, 2011 and
December 31, 2012
On or after
January 1, 2013
Benefit formula 3% @ 50 3% @ 55 2.7% @ 57
Benefit vesting schedule 5 years of service 5 years of service 5 years of service Benefit payments monthl y for life monthly for life monthl y for life Retirement age 50-55+ 50-55+ 50-57+
Monthly benefits, as a % of
eligible compensation 3.0% 2.4% to 3.0% 2.0% to 2.7%
Employees Covered
At the measurement date ended June 30, 2021, the following employees were covered by the benefit terms:
Miscellaneous Safet
y
Inactive employees or beneficiaries currently receiving benefits 1,829 639 Inactive employees entitled to but not yet receiving benefits 2,023 101 Active employees 1,408 382
Total 5,260 1,122
Contributions
Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employers are determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS’ annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability.
The City is required to contribute the difference between the actuarially determined rate and the contribution rates of employees. Employer contribution rates may change if plan contracts are amended. Payments made by the employer to satisfy contribution requirements are identified by the pension plan terms as plan member contribution
79 249 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
requirements are classified as plan member contributions. Since FY 2017-18, the contribution for the unfunded liability is a fixed amount, rather than a rate of the payroll. The City converts the fixed amount into a rate based on the payroll, and combines it with the normal cost rate to calculate the total employer contribution rate.
At the fiscal year ended June 30, 2022, for the Miscellaneous Plan, the normal cost rate is 9.94%, the amount for the unfunded liability is $29,439, and the prepayment amount for the unfunded liability is $28,460. The City chose the prepayment option to pay the $28,460 in July 2021, instead of paying 1/12 th of $29,439 on a monthly basis. For
FY 2021-22, the City calculates the rate for the unfunded liability to be 29.145%. Accordingly, the total employer contribution rate is 39.085%.
The City’s Miscellaneous Plan member contribution rates and employer contribution rates for FY 2021-22, including the employees’ cost sharing toward the employer rates, are shown in the table below:
Miscellaneous Plan
Employee
Group
CalPERS
Membership
Retirement
Formula
Member
Contribution
Rate
Employer
Contribution
Rate
Employees'
Cost Sharing City Portion Total
Council
Member
Classic (1st Tier) 2.5% @ 55 8.00% 3.00% 36.085% 39.085% Classic (2nd Tier) 2.0% @ 55 7.00% 3.00% 36.085% 39.085% PEPRA (3rd Tier) 2.0% @ 62 6.50% 3.00% 36.085% 39.085%
Executive
Classic (1st Tier) 2.5% @ 55 8.00% 3.00% 36.085% 39.085% Classic (2nd Tier) 2.0% @ 55 7.00% 3.00% 36.085% 39.085% PEPRA (3rd Tier) 2.0% @ 62 6.50% 3.00% 36.085% 39.085%
GCEA
Classic (1st Tier) 2.5% @ 55 11.00% 0.00%* 36.085% 36.085% Classic (2nd Tier) 2.0% @ 55 10.00% 0.00%* 36.085% 36.085% PEPRA (3rd Tier) 2.0% @ 62 9.50% 0.00%* 36.085% 36.085% IBEW
Classic (1st Tier) 2.5% @ 55 8.00% 3.00% 36.085% 39.085% Classic (2nd Tier) 2.0% @ 55 7.00% 3.00% 36.085% 39.085% PEPRA (3rd Tier) 2.0% @ 62 6.50% 3.00% 36.085% 39.085%
GMA
Classic (1st Tier) 2.5% @ 55 11.00% 0.00%** 36.085% 36.085% Classic (2nd Tier) 2.0% @ 55 10.00% 0.00%** 36.085% 36.085% PEPRA (3rd Tier) 2.0% @ 62 9.50% 0.00%** 36.085% 36.085%
GCEA - Glendale City Employee Association
IBEW - International Brotherhood of Electrical Workers
GMA - Glendale Management Association
*Since May 2013, GCEA members' cost sharing rate became part of their member contribution rate.
In FY 2021-22, the cost sharing rate is 3%.
**Since November 2018, GMA members' cost sharing rate became part of their member contribution rate.
In FY 2021-22, the cost sharing rate is 3%.
80 250 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
At the fiscal year ended June 30, 2022, for the Safety Plan, the normal cost rate is 21.25%, the amount for the unfunded liability is $23,093, and the prepayment amount for the unfunded liability is $22,325. The City chose the prepayment option to pay the $22,325 in July 2021, instead of paying 1/12th of $23,093 on a monthly basis. For FY 2021-22, the City calculates the rate for the unfunded liability to be 42.271%. Accordingly, the total employer contribution rate is 63.521%.
The City’s Safety Plan member contribution rates and employer contribution rates for FY 2021-22, including the employees’ cost sharing toward the employer rates, are shown in the table below:
Safety Plan
Employee
Group
CalPERS
Membership
Retirement
Formula
Member
Contribution
Rate
Employer
Contribution
Rate
Employees'
Cost Sharing City Portion Total
Executive - Fire
Classic (1st Tier) 3.0% @ 50 9.00% 3.00% 60.521% 63.521% Classic (2nd Tier) 3.0% @ 55 9.00% 3.00% 60.521% 63.521% PEPRA (3rd Tier) 2.7% @ 57 11.50% 3.00% 60.521% 63.521% Executive - Police
Classic (1st Tier) 3.0% @ 50 9.00% 3.00% 60.521% 63.521% Classic (2nd Tier) 3.0% @ 55 9.00% 3.00% 60.521% 63.521% PEPRA (3rd Tier) 2.7% @ 57 11.50% 3.00% 60.521% 63.521% GMA - Fire
Classic (1st Tier) 3.0% @ 50 13.00% 0.00%* 59.521% 59.521% Classic (2nd Tier) 3.0% @ 55 13.00% 0.00%* 59.521% 59.521% PEPRA (3rd Tier) 2.7% @ 57 15.50% 0.00%* 59.521% 59.521% GMA - Police
Classic (1st Tier) 3.0% @ 50 12.50% 0.00%* 60.021% 60.021% Classic (2nd Tier) 3.0% @ 55 12.50% 0.00%* 60.021% 60.021% PEPRA (3rd Tier) 2.7% @ 57 15.00% 0.00%* 60.021% 60.021% GFFA
Classic (1st Tier) 3.0% @ 50 9.00% 4.50% 59.021% 63.521% Classic (2nd Tier) 3.0% @ 55 9.00% 4.50% 59.021% 63.521% PEPRA (3rd Tier) 2.7% @ 57 11.50% 3.50% 60.021% 63.521% GPOA
Classic (1st Tier) 3.0% @ 50 9.00% 3.50% 60.021% 63.521% Classic (2nd Tier) 3.0% @ 55 9.00% 3.50% 60.021% 63.521% PEPRA (3rd Tier) 2.7% @ 57 11.50% 1.75% 61.771% 63.521%
GMA - Glendale Management Association
GFFA - Glendale Fire Fighter Association
GPOA - Glendale Police Officer Association
*Effective November 2018, GMA members' cost sharing rates became part of their member contribution rate.
In FY 2021-22, the cost sharing rate for GMA – Fire is 4%.
In FY 2021-22, the cost sharing rate for GMA – Police is 3.5%.
81 251 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
At the fiscal year ended June 30, 2022, as shown in the rates tables, in addition to the required member contributions, the City employees also contribute a portion of the required employer contribution, based on bargaining units’ MOUs. The employees’ cost sharing in the table below include the cost sharing that belong to the member contribution: $2,991 for the Miscellaneous Plan, and $175 for the Safety Plan. The breakdown of the required employer contribution between the City portion and the employee cost sharing is as follows:
Plan
Annual Required
Emplo
yer Contribution
City
Contribution
Employees’
Cost Sharing
Miscellaneous $ 38,166 34,756 3,410
Safety
Police 20,470 19,453 1,017
Fire 13,584 12,660 924
Total Safety 34,054 32,113 1,941
Total $ 72,220 66,869 5,351
Net Pension Liability
The City’s net pension liability for each plan was measured as of June 30, 2021, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2020, rolled forward to June 30, 2021, using standard update procedures.
Actuarial Assumptions
The June 30, 2020 valuation was rolled forward to measure the June 30, 2021 total pension liability, based on the following actuarial methods and assumptions:
Valuation date June 30, 2020
Measurement date June 30, 2021
Actuarial cost method Entry Age Normal in accordance with the requirements of GASB 68 Actuarial assumptions:
Discount rate 7.15%
Inflation 2.50%
Salary increase Varies by Entry Age and Service
Mortality rate table Derived using CalPERS' Membership Data for all Funds
Post retirement
benefit increase
The lesser of contract COLA or 2.50% until Purchasing Power Protection Allowance floor on purchasing power applies, 2.50% thereafter
The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from December 2017 that can be found on the CalPERS website.
Long-term Expected Rate of Return
The long-term expected rate of return on pension plan investments was determined using a building-block method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.
82 252 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations as well as the expected pension fund cash flows. Using historical returns of all the funds’ assets classes, expected compound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11+ years) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the rounded single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set equal to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses.
The expected real rates of return by asset class are as followed:
Asset Class*
Assumed
Asset
Allocation
Real Return
Years 1-10 **
Real Return
Years 11+ ***
Public equity
50.00%
4.80%
5.98%
Fixed income 28.00% 1.00% 2.62%
Inflation assets - 0.77% 1.81%
Private equity 8.00% 6.30% 7.23%
Real assets 13.00% 3.75% 4.93%
Liquidity 1.00% - (0.92%)
Total 100.00%
*In the System’s Annual Comprehensive Financial Report, Fixed Income is included in Global Debt Securities; Liquidity is included in Short-term Investments; Inflation Assets are included in both Global Equity Securities and Global Debt Securities.
**An expected inflation of 2.00% used for this period.
***An expected inflation of 2.92% used for this period.
Discount Rates
The discount rate used to measure the total pension liability was 7.15%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.
83 253 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Changes in the Net Pension Liability
The changes in the Net Pension Liability measured as of June 30, 2021 for each plan is as follows:
Miscellaneous Plan:
Increase (Decrease)
Total Pension
Liability
(a)
Plan Fiduciary
Net Position
(b)
Net Pension
Liability/(Asset)
(c) = (a) – (b)
Balance at June 30, 2021 $ 1,223,495 896,134 327,361
Changes in the year:
Service cost 17,002 - 17,002
Interest on the total pension liabilit
y 85,712 - 85,712
Differences between actual and expected
experience
(2,379)
-
(2,379)
Contribution from the emplo yer - 36,495 (36,495) Contribution from the emplo yees - 11,011 (11,011) Net investment income - 202,381 (202,381) Benefit payments, including refunds of employee
contributions (61,690)
(61,690)
-
Administrative expense - (895) 895 Net changes 38,645 187,302 (148,657)
Balance at June 30, 2022 $ 1,262,140 1,083,436 178,704
Safety Plan:
Increase
(Decrease)
Total Pension
Liability
(a)
Plan Fiduciary
Net Position
(b)
Net Pension
Liability/(Asset)
(c) = (a) – (b)
Balance at June 30, 2021 $ 929,090 616,095 312,995
Changes in the year:
Service cost 15,510 - 15,510
Interest on the total pension liabilit y 64,856 - 64,856 Differences between actual and expected
experience
(5,898)
-
(5,898)
Contribution from the emplo yer - 33,085 (33,085) Contribution from the emplo yees - 5,285 (5,285) Net investment income - 139,596 (139,596) Benefit payments, including refunds of employee
contributions (47,743)
(47,743)
-
Administrative expense - (615) 615 Net changes 26,725 129,608 (102,883)
Balance at June 30, 2022 955,815 745,703 210,112
Total for both plans at June 30, 2022 $ 2,217,955 1,829,139 388,816
84 254 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Sensitivity of the Net Pension Liability to Changes in the Discount Rate
The following presents the net pension liability of each Plan, calculated using the discount rate of 7.15%, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-percentage point higher than the current rate:
Miscellaneous
Safety
Total
1% Decrease 6.15%
6.15%
6.15%
Net Pension Liability $ 343,291 338,755 682,046
Current Discount Rate 7.15%
7.15%
7.15%
Net Pension Liability $ 178,704 210,112 388,816
1% Increase 8.15%
8.15%
8.15%
Net Pension Liability $ 42,638 104,370 147,008
Pension Expense and Deferred Outflows/Inflows of Resources Related to Pensions
As of June 30, 2022, the City reported net pension liability, deferred outflows of resources and deferred inflows of resources for both Miscellaneous and Safety Plans as follows:
Net Pension
Liabilit
y
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Pension
Expense
Governmental activities:
Miscellaneous plan $ 114,608 25,775 66,440 768
Safety plan 210,112 39,113 74,097 9,779
Total Governmental activities 324,720 64,888 140,537 10,547
Business-type activities:
Miscellaneous plan 64,096 14,752 35,693 241
Total $ 388,816
79,640
176,230
10,788
Miscellaneous Plan:
At June 30, 2022, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Pension contributions subsequent to measurement date $ 38,614 - Changes of assumptions - -
Differences between expected and actual experience 1,913 1,586 Net differences between projected and actual earnings
on plan investments -
100,547
Total $ 40,527 102,133
85 255 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
The amount of $38,614 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending June 30, 2023.
Other amounts reported as deferred outflows/(inflows) of resources related to pensions will be recognized as pension expense as follows:
Year endin
g June 30, Amounts
2023 $ (24,529)
2024 (23,804)
2025 (24,105)
2026 (27,782)
Total $ (100,220)
Safety Plan:
At June 30, 2022, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Pension contributions subsequent to measurement date $ 35,103 - Changes of assumptions - 86
Differences between expected and actual experience 4,010 4,555 Net differences between projected and actual earnings
on plan investments -
69,456
Total $ 39,113 74,097
The amount of $35,103 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending June 30, 2023.
Other amounts reported as deferred outflows/(inflows) of resources related to pensions will be recognized as pension expense as follows:
Year endin
g June 30, Amounts
2023 $ (16,625)
2024 (16,034)
2025 (18,102)
2026 (19,326)
Total $ (70,087)
86 256 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Pension Plan Fiduciary Net Position
Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.
Supplemental Retirement Plan
In May 2012, in an effort to substantially reduce staffing levels to address a projected $15,400 General Fund shortfall for FY 2012-13, the City contracted with Public Agency Retirement Services (PARS) to offer an early retirement incentive plan to provide supplemental retirement benefit payments to eligible employees in addition to the benefit payments the employees will receive from the California Public Employees’ Retirement System (CalPERS). To be eligible to participate in the plan, the employees must have been a Glendale City Employee Association (GCEA) or Glendale Management Association (GMA) employee, be at least 50 years of age as of September 1, 2012, and have a minimum 5 years of CalPERS service credit. The employees needed to resign from the City by August 31, 2012.
The plan offered 5% of the employees’ final pay, which the employees could choose various options to receive the payment, such as unmodified lifetime monthly payment, or higher fixed monthly payment for a fixed number of years.
There were 122 employees who participated in the plan.
In October 2012, the City provided the same early retirement incentive plan to the employees represented by International Brotherhood of Electrical Workers Association (IBEW), and also offered an extension of the incentive program to employees represented by GCEA and GMA. The same parameters were applied for the extension of the incentive program, with the exception of the retirement eligibility date and date of separation advancing to October 31, 2012. There were 30 additional employees participating in the second phase. The plan is closed. As of June 30, 2022, there are five remaining participants and the liability is not material. Therefore, the liability is not reported in the accompanying financial statements. During the fiscal year, the City paid $45 to PARS.
Public Agency Retirement Services (PARS)
The PARS Trust, created in 1991, is a trust arrangement established to provide economies of scale and efficiencies of administration to public agencies that adopt it to hold the assets of their agency retirement plans maintained for the benefit of their employees. The Omnibus Budget Reconciliation Act of 1990 (OBRA 90) amended the Internal Revenue Code to mandate that employees of public agencies, who are not members of their employer’s existing retirement system as of January 1, 1992, be covered under Social Security or an alternate plan. The PARS ARS Plan satisfies the OBRA 90 Federal Requirements. It is intended that this plan and the trust established to hold the assets of the plan shall be qualified under Section 401(a) and tax-exempt under Section 501(a) of the Internal Revenue Code of 1986, as amended, and meet the requirements of California Government Code Sections 53215 through 53224 providing how pension trusts must be established by public agencies. Through PARS, agencies have the ability to design and control retirement plans according to their own specific needs, including specific collective bargaining requirements. The City adopted the PARS ARS Plan, effective September 1, 1999 as an alternate plan to Social Security for the hourly employees who are not eligible for participation in the City’s CalPERS retirement plan.
Any City hourly employee who is not eligible to enroll in the CalPERS retirement plan is enrolled in PARS ARS instead of social security. After completing 1,000 work hours within a fiscal year, hourly employees are eligible to enroll in CalPERS retirement plan. For each pay period, employees contribute 6.2%, and the City contributes 1.3% of employee earnings into employees’ PARS account. Both contributions are made on pre-tax basis. For FY 2021-22, PARS payments were $44 and $9 for employee portion and employer portion, respectively. Since the plan is a 401(a) Defined Contribution, there is no unfunded liability to the City. A participant in the PARS ARS Plan (or their beneficiary in the event of death) becomes eligible to receive their funds when one of the following events occurs: Separation of Employment, Retirement, Permanent and Total Disability, or change of employment status to a position covered by another retirement system. For active employees, if there are no contributions into their PARS ARS account for two years, they may be eligible for a distribution of their account.
87 257 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
NOTE 9 – Other Post Employment Benefits Than Pensions (OPEB) Plan Description
The City’s defined benefit OPEB plan, City of Glendale Retiree Benefits Plan (Plan), provides OPEB for all permanent full-time general and public safety employees of the City. The Plan is a single-employer defined benefit OPEB plan administered by the City and governed by the City Council. No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75.
Benefits Provided
The City provides Medicare Part A reimbursements to retirees and their spouses if the retirees were hired in the City prior to April 1, 1986, and ineligible for premium-free Medicare Part A.
The City also provides cash subsidy for medical insurance premiums to three groups of retirees: (1) retirees who retired before July 1, 2001, and the length of the subsidy was pre-determined based on the retirees’ sick leave balances at the time of retirement. The subsidy is capped by the actual premium, and the unreduced city-paid amount continues to surviving spouses if the retirees die prior to the pre-determined payment period; (2) retirees who retired before June 1, 2016 with a minimum of 10 years of City service, enroll in a City sponsored medical plan and meet the annual income requirement. The eligibility and subsidy amount are evaluated on an annual basis. This is a lifetime subsidy for the eligible retirees except it will discontinue at age 65 for the retirees with enhanced pension benefits. The benefit will continue to surviving spouses, if applicable; (3) the surviving spouses and dependents of deceased retirees if the retirees retired before June 1, 2008 and enrolled in Anthem Blue Cross PPO at the time of the death, and the length of subsidy is two years.
The City also provides cash subsidy for medical insurance premium to surviving spouses and dependents of active non-safety employees who pass away during their employment with the City. The subsidy is two years for the City Council, the Executives and the GMA employees, regardless of the medical insurance plans enrolled at the time of the death. The subsidy is two years for GCEA and IBEW employees if enrolled in Anthem Blue Cross PPO at the time of the death. The subsidy is two years for GCEA and IBEW employees if enrolled in HMO plans at the time of the death and if the employees’ death is a result of injuries incurred in the performance of his/her assigned duties. At the same time, the City provides cash subsidy for dental insurance premium to surviving spouses and dependents of active safety employees who pass away during their employment with the City. The subsidy continues until the spouses turn 65 and the children turn 26 (if applicable).
The above benefits offered to retirees are no longer available to new entrants because of the restriction of the retirement dates. Benefits payments made by the City for the year ended June 30, 2022 were $530.
Employees Covered by Benefit Terms
At June 30, 2021, the most recent measurement date, the following current and former employees were covered by the benefit terms under the Plan:
Inactive emplo
yees or beneficiaries currently receiving benefit payments 65 Inactive employees entitled to but not yet receiving benefit payments 139 Active employees 1,401
Total 1,605
Total OPEB Liability
The City’s total OPEB liability of $15,015 was measured as of June 30, 2021, and was determined by an actuarial valuation as of June 30, 2021. A summary of principal assumptions and methods used to determine the total OPEB liability is shown below.
88 258 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Actuarial Assumptions and Other Inputs
The total OPEB liability in the June 30, 2021 actuarial valuation was determined using the following actuarial assumptions and other inputs, applied to all periods included in the measurement, unless otherwise specified:
Actuarial valuation date June 30, 2021
Measurement date June 30, 2021
Discount rate 2.16%
General inflation 2.50% annually
Medicare Part A trend 3.50% annually (inflation + 1%)
Not related to health care trend
Medical Trend Non-Medicare – 6.5% for 2023, decreasing to an ultimate rate of 3.75% in 2076
Medicare (Non-Kaiser) – 5.65% for 2023, decreasing to
an ultimate rate of 3.75% in 2076
Medicare (Kaiser) – 4.6% for 2023, decreasing to an
ultimate rate of 3.75% in 2076
The discount rate was based on the Bond Buyer 20-Bond index.
Mortality information was derived from data collected during CalPERS 2000-20019 Experience Study. Mortality improvement scale was updated to Scale MP-2021.
Changes in the Total OPEB Liability
The changes in the total OPEB liability measured as of June 30, 2021 is as follows:
Total OPEB Liabilit
y
Balance at June 30, 2020 $ 18,221
Changes in the year:
Service cost 46
Interest 400
Actual vs. expected experience (2,760)
Assumption changes (520)
Benefit payments (372)
Net changes (3,206)
Balance at June 30, 2021 $ 15,015
Sensitivity of the Total OPEB Liability to Changes in the Discount Rate
The following presents the total OPEB liability of the City, as well as what the City’s total OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower or 1-percentage-point higher than the current discount rate:
1.16% 2.16% 3.16%
Total OPEB Liabilit
y $ 17,359 15,015 13,118
89 259 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Sensitivity of the Total OPEB Liability to Changes in the Healthcare Cost Trend Rates The following presents the total OPEB liability of the City, as well as what the City's total OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower or 1-percentage-point higher than the current healthcare cost trend rates:
1% Decrease
(Trend -1%)
Current
Healthcare Cost
Trend Rates
1% Increase
(Trend +1%)
Total OPEB Liability $ 14,892
15,015
15,161
Non-Medicare trend rate of 6.5% for 2023, decreasing to an ultimate rate of 3.75% in 2076. Medicare trend rate (Non-Kaiser) of 5.65% for 2023, decreasing to an ultimate rate of 3.75% in 2076. Medicare trend rate (Kaiser) of
4.6% for 2023, decreasing to an ultimate rate of 3.75% in 2076.
OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB
For the year ended June 30, 2022, the City recognized OPEB expense of $138. At June 30, 2022, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:
Deferred Outflows
of Resources
Deferred Inflows
of Resources
OPEB payments made subsequent to the measurement date $ 530 - Changes of assumptions 2,688 1,627
Differences between expected and actual experience - 3,004
Total $ 3,218 4,631
The amount of $530 reported as defer red outflows of resources related to OPEB payments subsequent to the measurement date will be recognized as a reduction of the total OPEB liability in the year ending June 30, 2023.
Other amounts reported as def erred inflows of resources related to OPEB will be recognized in OPEB expense as follows:
Year endin
g June 30, Amounts
2023 $ (308)
2024 (308)
2025 (308)
2026 (308)
2027 (128)
Thereafter (583)
Total $ (1,943)
Change in Assumption
Discount rate was changed from 2.21% to 2.16%. General inflation was changed from 2.75% to 2.50%. CalPERS demographic assumptions were updated. The medical trend rate for Kaiser Senior Advantage was decreased.
Mortality improvement scale was updated to Scale MP-2021.
90 260 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
NOTE 10 – NET DEFICITS OF INDIVIDUAL FUNDS
As of June 30, 2022, the following funds have negative fund balances or net position:
Governmental funds:
Special revenue funds:
CDBG Fund $ 609
Continuum of Care Grant Fund 2,575
Emergency Solutions Grant Fund 542
Grant Fund 878
Measure M Subregional Fund 256
PW Special Grants Fund 36
Measure R Regional Return Fund 1,995
Police Special Grants Fund 788
Fire Grant Fund 488
Capital projects funds:
CIP Reimbursement Fund $ 1,201
Proprietary funds:
Internal service funds:
Compensation Insurance Fund $ 9,854
Medical Insurance Fund 900
Employee Benefits Fund 1,745
The CDBG Fund, Continuum of Care Grant Fund, Emergency Solutions Grant Fund, Grant Fund, Measure M Subregional Fund, PW Special Grants Fund, Measure R Regional Return Fund, Police Special Grant Fund, Fire Grant Fund and CIP Reimbursement Fund are reimbursement type funds. The City requests reimbursement of actual expenditures. As such, there will always be a timing difference between revenues and expenditures resulting in a deficit, as revenues do not represent available resources.
Compensation Insurance Fund, Medical Insurance Fund and Employee Benefits Fund – The City will continue to increase the future charges to other funds to eliminate the deficit.
91 261 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
NOTE 11 – RISK MANAGEMENT
The City is exposed to various risks of loss related to torts, theft of, damage to and destruction of assets, errors and omissions, injuries to employees, and natural disasters. The City retains risks for the following types of liabilities:
workers’ compensation, unemployment insurance, general, auto, dental, medical and vision as well as public liability through separate internal service funds. The City purchased several commercial insurance policies from third-party insurance companies for errors and omissions of its officers and employees, and destruction of assets as well as excess workers’ compensation and general public liability claims. The City also purchases property, aviation, employee dishonesty, law enforcement liability, cyber, DNA lab E & O and fine art insurance. There were no significant settlements or reductions in insurance coverage from settlements for the past three years. The insurance schedule for FY 2021-22 is as follows:
Insurance T
ype
Program
Limits
Deductible/SIR (self-insured retention)
Excess Liability Insurance $ 27,000
$5,000 SIR per occurrence
E & O Employment Practices 2,000 $250 SIR non-safety; $500 SIR safety Excess Workers’ Comp Employer’s Liability Insurance Statutor y $2,000 SIR per occurrence Property Insurance (GWP) 185,431 Various deductibles
Property Insurance (Non-GWP) 531,208 $25 property, $100 flood damage Aviation Insurance (Police Helicopter) 50,000 Various deductibles Employee Dishonesty – Crime Policy, Excess Crime 6,000 $2,000 Single Loss Limit Law Enforcement Liability 3,000 $2,000 per occurrence Cyber Insurance 5,000 $150
DNA Lab – E & O 2,000 $10 Each claim
Art Policy (Fine Arts) 3,000 $1 Each Claim
Operating funds are charged a premium and the internal service funds recognize the corresponding revenue. Claims expenses are recorded in the internal service funds. Premiums are evaluated periodically and increases are charged to the operating funds to reflect recent trends in actual claims experience and to provide sufficient reserve for catastrophic losses.
Claims payable liability has been established in these funds based on estimates of incurred but not reported and litigated claims. Management believes that provisions for claims at June 30, 2022 are adequate to cover the cost of claims incurred to date. However, such liabilities are, by necessity, based upon estimates and there can be no assurance that the ultimate cost will not exceed such estimates. A reconciliation of the changes in the aggregate liabilities for Liability Insurance Fund, Compensation Insurance Fund and Medical Insurance Fund for claims for the current fiscal and the prior fiscal year are as follows:
The City has numerous claims and pending legal proceedings that generally involve accidents regarding its citizens on City property and employment issues. These proceedings are, in the opinion of management, ordinary routine matters incidental to the normal business conducted by the City. In the opinion of management, such proceedings are substantially covered by insurance, and the ultimate disposition of such proceedings are not expected to have a material adverse effect on the City's financial position, results of operations, or cash flows.
Claims payable is primarily liquidated by the respective internal service funds.
Fiscal Year
Beginning
Balance
Claims and
Char
ges
Claim
Payments
Ending
Balance
Due within
One Year
2020-21 $ 67,237 56,573 48,345 75,465 15,455
2021-22 $ 75,465 53,199 48,563 80,101 13,159
92 262 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
NOTE 12 – CONTINGENT LIABILITIES AND COMMITMENTS
Power Purchase Agreements
Since 1937, the City has held capacity and energy rights to the hydropower generation from the Hoover Power Plant through contracts with the U.S. Bureau of Reclamation (Bureau) and the U. S. Department of Energy Western Area Power Administration (Western). As a contractual partner with the Bureau and Western, The City has the right to a share of the power generated by the Hoover Power Plant.
The City’s long-term contract for Hoover Power, last renewed in 1987, expired on September 30, 2017. However, as approved by the City Council on August 23, 2016, they were replaced by a new Electric Services Contract with the United States Department of Energy Western Area Power Administration (“Western”) and an Amended and Restated Implementation Services Agreement with Western, the United States Bureau of Reclamation, and the Boulder Canyon Project contractors, for the purchase of energy and capacity from the Boulder Canyon Project (commonly known as Hoover Dam). The current Electric Services Contract allows the City continued ownership share in the Hoover Power Plant and the continued right to purchase power and capacity from the Hoover Power Plant, for a term of fifty years beginning on October 1, 2017 through September 30, 2067. The City is entitled to 33 MW.
In August 2003, the City entered into a 25-year contract, cancelable after 20 years, with PPM Energy, Inc. for the purchase of 9 megawatts of capacity from wind-powered resources in California. The City began taking delivery of the energy on September 1, 2003.
In June 2005, the City entered into a 25-year power sales agreement with the Southern California Public Power Authority (SCPPA) for the Ormat Geothermal Energy Project for purchase of up to 3 megawatts of the project electric energy. The project began commercial operation in January 2006. SCPPA and the project participants terminated the Power Purchase Agreement in accordance with early termination provision in the agreement, beginning January 1, 2022.
In October 2006, the City entered into a 16-year contract with PPM Energy, Inc. for the purchase of 10 megawatts of capacity from wind-powered resources in Wyoming. The City began taking delivery of the energy under WSPP master agreement from July 1, 2006 through September 30, 2006. The 16-year contract term started on October 1, 2006. The contract expired on June 30, 2022.
In November 2007, City Council approved a power purchase agreement with SCPPA for the purchase of 20 megawatts of renewable energy from Pebble Springs Wind Generation Facility for a term of 18-years. The project began commercial operation in January 2009.
In September 2014, the City entered into a 25-year contract with Skylar Resources L.P. for the purchase of 50 megawatts of firmed solar-generated electric power generated from a solar facility within Western Electricity Coordinating Council (WECC) designated by Skylar, with a guarantee by the seller that at least fifty percent of 50 MW/hour to qualify as Portfolio Content Category 1 (PCC1) renewable energy on an annual basis. In November 2015, the transaction was bifurcated into 2 separate agreements. The first agreement was a four-year contract with Morgan Stanley Capital Group, Inc. (MSCG) from December 1, 2015 through December 31, 2019. The second agreement was a 21-year contract with Skylar from January 1, 2020 through November 30, 2040. In October 2017 the existing power purchase agreement was terminated and replaced with a 21-year Western Systems Power Pool (WSPP) Power Purchase Agreement (PPA) to increase renewable and carbon-free energy deliveries from 50% to 75%.
As of October 1st, 2021, the 21-year agreement executed in October 25, 2017 was assigned to Townsite Solar, LLC (“Townsite”), for the remaining 19 years of the PPA term. Under the Agreement, Townsite will continue to provide Glendale with 292,000 MWh of renewable and carbon-free energy per year, through November 30, 2040.
In February 2020, City Council approved a power purchase agreement with SCPPA for the purchase of 3 megawatts of renewable energy from Whitegrass No. 1 Geothermal Energy Project for a term of 25-years. The project began commercial operation in April 2020.
93 263 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
In February 2020, City Council approved a power purchase agreement with SCPPA for the purchase of 12.5 megawatts of renewable energy from Star Peak Geothermal Energy Project for a term of 24-years. The project is expected to begin commercial operation in fall 2021.
In December 2019, the City Council authorized a 25-year Power Sales Agreement (PSA) with the Southern California Public Power Authority (SCPPA) for the purchase of 12.5% renewable solar energy, battery energy storage system (BESS), and environmental attributes of the Eland 1 Solar and Storage Center.
Upon execution of the Agreement, the City’s entitlement share was 25 MW of solar energy and 12.5MW/50MWh of BESS. In January 2020, the project participants exercised the option to increase the BESS to 150 MW/600 MWh, augmenting the City’s share of the BESS to 18.75MW/75MWh. The facility is located in Kern County, California, with point of delivery at Barren Ridge. In August 2021, Glendale City Council approved to execute a Firm Point-To-Point Transmission Service Agreement with the City of Los Angeles under LADWP’s Open Access Transmission Tariff to provide 25 megawatts (MW) of capacity to transmit Eland Solar and Storage energy to the City of Glendale. The anticipated commercial operation date is in 2024.
Landfill Postclosure Care
Pursuant to Assembly Bill 2448 and the regulations established by the California Integrated Waste Management Board (Board), landfill operators are required to submit an initial cost estimate of postclosure maintenance and to establish a financial mechanism to demonstrate the availability of funding to conduct postclosure maintenance activities. The City selected a trust fund as the financial mechanism and the Board approved this. The City Treasurer was designated as the trustee to ensure that the City set aside annual required deposits. The City subcontracts with Los Angeles County Sanitation District (Sanitation District) to operate Scholl Canyon and as part of this contract, the County is responsible for the closure cost of Scholl Canyon. The City is responsible for the postclosure maintenance cost of Scholl Canyon. According to Los Angeles County Sanitation District's records, the permitted capacity filled between August 18, 1989 and July 10, 2021 was 13.13 million tons. The permitted capacity filled between July 11, 2021 and July 10, 2022 was 0.43 million tons. The total permitted capacity as of August 18, 1989 remains 14.75 million tons. Therefore, the City has 1.19 million tons unfilled capacity remaining.
Using an inflation factor from the Sanitation Districts of 1.041, the total estimated care postclosure cost is $77,721.
Using the data above, the amount of $71,451 is recognized as a long-term liability on the Statement of Net Position.
Accordingly, the portion of the estimated total obligation for landfill postclosure costs that has not been recognized in the financial statements is $6,270. The City records the annual provision for the required landfill deposits as restricted cash in the Landfill Postclosure Fund. At the end of June 30, 2022, the City has set aside $52,763 in the Landfill Postclosure Fund. The total current cost of landfill postclosure care is an estimate subject to changes resulting from inflation, deflation, technology, or changes in applicable laws or regulations.
General Fund Transfer and Electric Rates Litigation
Background
The City is nearing completion of a lawsuit challenging its 2013 electric rate plan and the transfer of revenues from the Glendale Water & Power (GWP) Electric Fund to the General Fund. In 2014, Juan Saavedra and I.B.E.W. Local 18 filed a lawsuit in Los Angeles Superior Court (the “2014 IBEW Lawsuit”) challenging the 2013 electric rate plan and the City’s general fund transfer (“GFT”). The Glendale Coalition for a Better Government (“Coalition”) also filed a lawsuit in 2014 challenging the 2013 electric rate plan and GFT (“2014 Coalition Lawsuit”). The 2014 IBEW Lawsuit and 2014 Coalition lawsuit were consolidated for purposes of trial (and are sometimes referred to herein collectively as the “2014 Lawsuits”). In October 2020, the City received a favorable ruling in the remand trial of the 2014 Lawsuits, resulting in a determination that the City will not have to make any refunds of electric rate revenues or general fund transfers. That decision has been appealed by IBEW.
In addition, the Coalition filed a petition for writ of mandate in July 2018 challenging the City’s 2018 electric rates on similar grounds as the 2014 Lawsuit (“2018 Coalition Lawsuit”). The 2018 Coalition Lawsuit was dismissed without prejudice and the statute of limitations tolled until there was a final non-appealable judgment in the 2014 Coalition Lawsuit.
94 264 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Trial in 2014 Lawsuits
The 2014 Lawsuits challenged GWP’s 2013 electric rate plan which included GFTs. The City Charter provides that the City shall transfer 25% of electric operating revenues to the General Reserve Fund, which may be then transferred to the General Fund, unless the City Council chooses to transfer a lesser percentage to insure the sound financial position of GWP. The City has made the GFT under the authority of its City Charter since it was approved in 1921, although for many years, if not decades, it has chosen to transfer less than 25%.
The 2013 electric rates were challenged primarily on the grounds they violated Proposition 26, in that they constituted a “tax” since they exceeded the cost of providing electric service by including the GFT. In 2016, the trial court concluded that the 2013 electric rates violated Proposition 26 because of the GFT and ordered the City to credit ratepayers in the cumulative amount of the GFTs beginning with FY 2013-14, plus interest. The trial court ordered that credits for any subsequent years would accrue. The trial court also issued a writ of mandate commanding the City to cease to include the GFT in the electric rates charged to consumers unless and until a majority of the Glendale electorate approved the “tax” in the rates.
Appeal in 2014 Lawsuit
The City appealed the trial court’s 2016 decision. While the appeal was pending, the California Supreme Court decided Citizens for Fair REU Rates v.City of Redding (2018) 6 Cal.5th 1, which upheld a similar transfer the City of Redding imposed on its electric utility. Redding’s key holding was that, regardless of transfers, rates do not violate Proposition 26 if total projected rate revenue does not exceed all permissible service costs the utility could charge or if non-rate revenue, such as wholesale revenue, rental income or interest, is sufficient to cover the GFT.
In 2018, the 2nd District Court of Appeal reversed the trial court decision and remanded the judgments to the trial court. Among other things, the appellate court – relying on Redding - found that any invalid “tax” in the 2013 rates was not necessarily equivalent to the GFT but instead existed only to the extent that rate revenues exceed lawful expenses of the utility.
The appellate court also found that to the extent the City maintained a "tax" prior to Propositions 26's adoption in 2010, it could continue to maintain said “tax” at the same rate going forward. In other words, any tax that existed in the City’s rates in 2010 was grandfathered. The appellate court reversed the portion of the trial court’s judgement declaring the 2013 rates invalid and requiring rebates in the amount of the annual transfers, and remanded the 2014 Lawsuit to the trial court to make certain factual determinations regarding the amount of the tax, if any, and consideration of the impacts of non-rate and other revenues to fund the transfer.
Remand Trial
On August 6, August 20, and October 8, 2020, the trial court held the remand trial. The trial court found that the City’s 2013 rates did not increase the tax implicit in the electric rates beyond what was grandfathered in 2006 (when the Council approved the last rate plan prior to the adoption of Proposition 26) and therefore no monetary refunds are warranted. First, the court found that the grandfathered tax implicit in the 2006 electric rates was 9.42%. Second, the court considered what rate the City imposed in 2013. The court also found that the City intended the rate increase to substantially increase its reserves, which were depleted at the time.
Third, the court agreed with the City that it could use its non-rate miscellaneous revenue from rents and grants to partially fund the GFT under Redding. Using staff’s projections for the utility’s net income, the court found the implicit tax was never projected to exceed approximately 8% over each of the five years the 2013 rates would be in place.
The 2013 rates therefore did not exceed the amount grandfathered from 2006 (9.42%) and therefore the court would not order the credits it had previously, or in any amount.
In sum, rather than being required to refund some $20 million over five years (e.g., some $100 million), the trial court ordered no monetary remedy whatsoever. Additionally, there is no longer any order in effect requiring the City to cease making GFTs or requiring voter approval to make such transfers. The trial court entered in the remand trial on November 20, 2020.
95 265 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Settlement of 2014 Coalition Lawsuit and 2018 Coalition Lawsuit
On January 22, 2021, the City and the Coalition entered a settlement agreement that resolved the 2014 Coalition Lawsuit and the 2018 Coalition Lawsuit. In exchange for payment of Coalition’s attorneys’ fees and costs in the amount of $200,000, the Coalition agreed to forego an appeal of the judgment in the 2014 Coalition Lawsuit and not to re-file a lawsuit for its claims made in the 2018 Coalition Lawsuit. The settlement resolves any legal challenges to the 2018 rates.
Status of IBEW Appeal
The Saavedra/IBEW petitioners appealed the judgment in the remand trial in the 2014 IBEW Lawsuit. On October 31, 2022, the Court of Appeal, in an unpublished decision, upheld the decision of the trial court, finding that there were no errors in the trial court’s methodology or calculation in determining that City was not required to provide any monetary refunds or credits. As of this writing, IBEW will be able to file a petition for rehearing before the Court of Appeal and then a petition for review before the California Supreme Court. Both of these reviews are discretionary with the courts. Although guarantees cannot be made, the City assesses the risk of a Supreme Court granting review to be very low since it only grants review to hear matters of statewide importance or where there is disagreement among lower courts in California. Since that is not the case here and this appeal was a review of the trial court’s fact-finding, it does not seem likely the Supreme Court will grant review and the case will be concluded.
NOTE 13 – JOINTLY GOVERNED ORGANIZATIONS
Joint Powers Agreement for Interagency Communications Interoperability System Authority
The Interagency Communications Interoperability System Authority (ICI System) was created through a Joint Powers Agreement in 2003. The City is an active governance member of the ICI System Authority. Other governance member jurisdictions include the cities of Beverly Hills, Burbank, Culver City, Montebello, Pasadena, Pomona, Santa Monica, the Interoperability Network of South Bay (INSB) JPA, and the ComNet JPA of the San Gabriel Valley. The goal of the ICI System is to enable all regional emergency resources to communicate with one another. The ICI System Authority supports more than 70 Fire and Police agencies and 30 9-1-1 Dispatch Centers in the region by providing their primary mission critical communications, all of which are seamlessly networked through a System Master Site based in Glendale. With more than 22,000 local government radios affiliated to the network, the ICI System is one of the largest in the nation.
Joint Powers Authority - California Community Housing Agency
The California Community Housing Agency (CalCHA) is a joint power agency created in January 2019 to provide housing for low and moderate income households. CalCHA issues tax-exempt government bonds to acquire existing market-rate apartment complexes. CalCHA generally targets Class A apartment complexes valued at $100,000,000 or greater, similar to market-rate projects recently constructed in Glendale’s Downtown Specific Plan. Once owned by CalCHA, these complexes are converted to income and rent-restricted units for low and moderate income households. CalCHA is able to competitively bid on these market rate projects due in large part to their tax-exempt status and below market-rate financing costs.
In Glendale, CalCHA’s program would generally address households with annual incomes ranging from $44K (1-person household at 60% AMI) to $135K (5-person household at 120% AMI). Under CalCHA’s program, no existing tenants are displaced. As market-rate units naturally turnover, they are re-leased to low and moderate income households with income and rent restrictions for the life of the bonds. The restricted rents are capped at no more than 35% of the applicable percentage of AMI (i.e. 60%, 80%, 100% and 120%). Additionally, annual rent increases are capped at no more than 4%. This is less than the rent increases under AB1482, the recently adopted State tenant protection legislation. The bonds issued by CalCHA to acquire properties in Glendale do not affect the City’s bonding capacity nor is the City or Housing Authority responsible in any way for the debt service of the bond.
96 266 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
The City of Glendale has the option of acquiring the property from the JPA beginning in year 15 for the amount of the outstanding debt. The City can also wait until the bonds are paid off, typically in year 30, and assume ownership of the asset at no expense other than transactional costs.
To date, CalCHA has acquired two market-rate projects in Glendale. These projects include Next on Lex with 494 apartment units and Brio Apartments with 205 units, for a total of 699 rental apartment units.
Joint Powers Authority – California Statewide Communities Development Authority – Community Improvement Authority
The California Statewide Communities Development Authority – Community Improvement Authority (CSDCA-CIA) is a joint power agency created in October 2020 to provide housing for low and moderate income households. Like CalCHA, CSCDA-CIA also issues tax-exempt government bonds to acquire existing market-rate apartment complexes, targeting Class A properties valued at $100,000,000 or greater. Once owned by CSCDA-CIA, these complexes are converted to income and rent-restricted units for low and moderate income households. CalCHA is able to competitively bid on these market rate projects similarly to CalCHA because of their tax-exempt status and below market-rate financing costs.
In Glendale, CSCDA-CIA’s program targets households with annual incomes ranging from $44K (1-person household at 60% AMI) to $135K (5-person household at 120% AMI). Under the program, no existing tenants are displaced. As market-rate units naturally turnover, they are re-leased to low and moderate income households with income and rent restrictions for the life of the bonds. The restricted rents are capped at no more than 35% of the applicable percentage of AMI (i.e. 60%, 80%, 100% and 120%). Additionally, annual rent increases are capped at no more than 4%. This is less than the rent increases under AB1482, the recently adopted State tenant protection legislation. The bonds issued by CalCHA to acquire properties in Glendale do not affect the City’s bonding capacity nor is the City or Housing Authority responsible in any way for the debt service of the bond.
The City of Glendale has the option of acquiring the property from the JPA beginning in year 15 for the amount of the outstanding debt. The City can also wait until the bonds are paid off, typically in year 30, and assume ownership of the asset at no expense other than transactional costs.
To date, CSCDA-CIA has acquired two market-rate projects in Glendale. These projects include Altana with 507 apartment units and the Link Apartments with 143 units, for a total of 650 rental apartment units.
As of January 1, 2022 CSDCA-CIA has issued bonds for the acquisition of Towne at Glendale. The CSCDA Community Improvement Authority Essential Housing Senior Lien Revenue Bonds, Series 2022A (Towne-Glendale) (Social Bonds) (the “Series A Bonds”), (ii) the CSCDA Community Improvement Authority Essential Housing Mezzanine Lien Revenue Bonds, Series 2022B (Towne-Glendale) (Social Bonds) (the “Series B Bonds”), and (iii) the CSCDA Community Improvement Authority Essential Housing Subordinate Lien Revenue Bonds, Series 2022C (the “Series C Bonds”), with such other series and sub-series designations as may be set forth in the Indenture, originally issued to finance Owner’s acquisition of the Project and related transaction costs.
Joint Power Agreement for San Fernando Valley Council of Governments
The San Fernando Valley Council of Governments (SFVCOG) was created through a Joint Power Agreement in 2010. The City is an active member of the SFVCOG. Other member jurisdictions currently participating include the City of Los Angeles with seven board representatives for each City Council district located entirely or partially in the San Fernando Valley, two board representatives from each of the Los Angeles County Supervisorial Districts located entirely or partially in the San Fernando Valley, and one representative each from the Cities of Burbank, Glendale, San Fernando and Santa Clarita. In its official capacity, the SFVCOG acts as a planning sub-region for the Southern California Association of Governments (SCAG) and focuses on promoting better regional coordination of planning and transportation planning efforts in the San Fernando Valley. The SFVCOG also engages in local, regional, state and federal grant development programming for the region.
97 267 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
Joint Power Agreement for Arroyo Verdugo Communities
The Arroyo Verdugo Communities was created through a Joint Power Agreement in 2017. The City is an active member of the Arroyo Verdugo Communities. Other members include City of Burbank, City of La Canada Flintridge, City of Pasadena, City of South Pasadena and County of Los Angeles. The purpose of the creation of the Joint Power Authority is to provide a vehicle for the members to coordinate regional and cooperative planning, primarily in the area of transportation and determining how to prioritize regional transportation projects and allocation of Measure M sub-regional funds and other public monies, including building a more connective transportation system between the member agencies.
Joint Power Agreement for Verdugo Consortium
The City, along with the Cities of Burbank and La Canada Flintridge, established a joint power agreement on December 14, 1999, named the Verdugo Consortium (the Consortium) for the purpose of receiving a Workforce Innovation and Opportunity Act (WIOA) allocation and administering the WIOA program as a single participation jurisdiction. This agreement designates an approved entity which consists of one elected official from each of the three cities, to ratify appointments for members of the Verdugo Workforce Development Board (VWDB). The City, as the Consortium’s designated administrative entity, has assumed the overall responsibility for ensuring that the Consortium is compliant with all of VWDB’s grant funded program requirements, including the receipt, disbursement, accounting for all grant funded programs, and matching funds, including WIOA.
“Take or Pay” Contracts
The City has entered into twelve “Take or Pay” contracts, which require payments to be made whether or not projects are completed or operable, or whether output from such projects is suspended, interrupted or terminated. Such payments represent the City’s share of current and long-term obligations. Payment for these obligations is expected to be made from operating revenues received during the year that payment is due. These contracts provide for current and future electric generating capacity and transmission of energy for City residents. Through these contracts, the City purchased approximately 45% of its total energy requirements during FY 2021-22. With a few exceptions, the City is obligated to pay the amortized cost of indebtedness regardless of the ability of the counterparty to provide electricity. The original indebtedness will be amortized by adding the financing costs to purchase energy over the life of the contract. All of these agreements contain “step-up” provisions obligating the City to pay a share of the obligations of any defaulting participant.
• The Intermountain Power Agency (IPA), a subdivision of the State of Utah, was formed in January 1974 to finance the construction of a 1,400 megawatt coal-fired generating plant, consisting of two generating units located near Delta, Utah and associated transmission lines, called the Intermountain Power Project (IPP). The project began uprating of the two generating units in early 2003. When the uprating was finished in March 2004, it increased the capacity of the plant from 1,400 megawatts to 1,800 megawatts. The City through contract is obligated for 30 megawatts or 1.70% of the generation. In addition, the City entered into an “Excess Power Sales Agreement” with the IPA, agent for the Utah Municipal Purchasers and the Cooperative Purchasers, which entitles the City to additional shares that can vary from year to year. As of June 30, 2022, Glendale’s excess entitlement share is 0.50%. The City’s total obligation from IPP is up to 39 megawatts. The current agreement expires in 2025.
Activities to repower the 1,800 megawatts coal-fired generation facility with 840 megawatts natural gas-fired combined cycle generation commenced in 2019. On July 23, 2019, the City Council approved GWP’s recommendation for continued participation in the IPP project which enabled Glendale to retain its 4.166% share of the plant and increase its share of the Southern Transmission System (STS) to 5.278%, providing Glendale 35 megawatts of generation and 127 megawatts of transmission capacity through 2077. The IPP Repowering project also includes the plan to fuel the plant entirely with green hydrogen by 2045, beginning with 30% in 2025.
98 268 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
The City joined the Southern California Public Power Authority (SCPPA) on November 1, 1980. This authority, consisting of the California cities of Anaheim, Azusa, Banning, Burbank, Cerritos, Colton, Glendale, Los Angeles, Pasadena, Riverside, Vernon, and the Imperial Irrigation District, was formed for the purpose of financing future power resources. The City has entered into eleven projects with SCPPA.
• The first of the SCPPA projects is a 3,810 megawatt nuclear fuel generation plant in Arizona. The Palo Verde (PV) nuclear project consists of 3 units, each having an electric output of approximately 1,270 megawatts.
SCPPA has purchased approximately 225 megawatts of capacity and associated energy (approximately 5.91% of total Palo Verde output), of which the City receives 9.9 megawatts or 4.40% of SCPPA’s entitlement. As of June 30, 2022, Glendale’s share is 4.40%.
• The second project financed through SCPPA is the Southern Transmission System (STS) that transmits power from the coal-fired IPP to Southern California. The 500 kV DC line is currently rated at 2,400 megawatts. The City’s share of the line is 2.27% or approximately 55 megawatts. As of June 30, 2022, Glendale’s share is 2.27%.
• The third project financed through SCPPA is the acquisition of 41.80% ownership interest in a coal-fired 497 megawatt unit in San Juan Generating Station, Unit 3 (SJ), located in New Mexico. SCPPA members are entitled to 208 megawatts. The City is obligated for 20 megawatts or 9.80% of the SCPPA entitlement. In July 2015, the City Council authorized the SCPPA to execute, on Glendale’s behalf, a set of three agreements that collectively shut down Unit 3 at the coal-fired San Juan Power Plant in New Mexico at the end of December 2017. The termination of operations at San Juan Unit 3 will help GWP achieve California state goals regarding the reduction of greenhouse gas emissions. Under the Mine Reclamation and Plant Decommissioning Agreements, Glendale shares the responsibility for any liability arising from operations after the December 2017 exit date. As such a liability for decommissioning the power plant cannot be determined at this time. As of June 30, 2022, Glendale’s share is 9.80%.
• The fourth project financed through SCPPA is Mead-Adelanto Project (MA). The project consists of a 202-mile 500 kV AC transmission line extending between the Adelanto Substation in Southern California and the Marketplace Substation in Nevada, and the development of the Marketplace Substation at the southern Nevada terminus approximately 17 miles southwest of Boulder City, Nevada. The initial transfer capability of the Mead-Adelanto Project is estimated at 1,200 megawatts. SCPPA members in the project are entitled to 815 megawatts. The City is obligated for 90 megawatts or 11.04% of the SCPPA entitlement. As of June 30, 2022, Glendale’s share is 11.04%.
• The fifth project financed through SCPPA is Mead-Phoenix Project (MP). The project consists of a 256-mile long 500 kV AC transmission line from the Westwing Substation in the vicinity of Phoenix, Arizona to the Marketplace Substation approximately 17 miles southwest of Boulder City, Nevada with an interconnection to the Mead Substation in southern Nevada. The project consists of three separate components: the Westwing- Mead Component, the Mead Substation Component, and the Mead-Marketplace Component. The City’s participation shares in the components range from 11.76% to 22.73%. The Mead-Phoenix Project in conjunction with the Mead-Adelanto Project provides an alternative path for the City’s purchases from the Palo Verde Nuclear Generating Station, San Juan Generating Station and Hoover Power Plant. These transmission lines also provide access to the southwest U.S. where economical coal energy is readily available. As of June 30, 2022, Glendale’s share is 14.80%.
• The sixth project financed through SCPPA is the Magnolia Power Project (MPP) located on Burbank Water and Power’s generation station complex adjacent to Magnolia Boulevard in Burbank, California. The project consists of a combined cycle natural gas-fired generating plant with a nominally rated net base capacity of 242 megawatts. The City is obligated for 40 megawatts or 16.53% of the project’s output. As of June 30, 2022, Glendale’s generation cost share is 16.53% and indenture cost share is 17.25%.
99 269 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
• The seventh project financed through SCPPA is Natural Gas Prepaid Project (NGPP). In August 2007, the City entered into a 30-year Prepaid Natural Gas Agreement with the SCPPA. The agreement will provide a secure and long-term supply of natural gas up to 3,500 MMBtu per day at a discounted price below a spot market price index. The delivery of natural gas started in July 2008. As of June 30, 2022, Glendale’s share is 23.00%.
• The eighth project financed through SCPPA is the Linden Wind Energy Project (LIN) located in Klickitat County in the state of Washington. The facility is a 50 megawatts capacity wind farm. The 25-year power purchase agreement with SCPPA is for the purchase of 10.00% (approximately 5 megawatts) of the capacity of the project. The City has sold its output entitlement share to Los Angeles Department of Water and Power (LADWP) but remains responsible for all the obligations associated with its participation in the Power Sales Agreements in the event LADWP should default. As of June 30, 2022, Glendale’s share is 10.00%.
• The ninth project financed through SCPPA is the Tieton Hydropower Project (THP) located near the town of Tieton in Yakima County, Washington. The Project has a capacity of approximately 14 megawatts. The Project includes a 115 kV transmission line, approximately 22-miles long, connecting the generating station with PacifiCorp’s Tieton Substation. The Electric Utility is obligated for approximately 6.8 megawatts or 50.00% of the project’s output. As of June 30, 2022, Electric Utility’s share is 50.00% (THP).
• The tenth project financed through SCPPA is Windy Point/Windy Flats project (WP) located in Klickitat County in the state of Washington. The Project has a maximum capacity of approximately 262.2 megawatts. The City Council approved a 20-year power purchase agreement with SCPPA for the purchase of approximately 20 megawatts or 7.63% of the renewable energy output from the Project. The City has sold its output entitlement share to Los Angeles Department of Water and Power (LADWP) but remains responsible for all the obligations associated with its participation in the Power Sales Agreements in the event LADWP should default. As of June 30, 2022, Glendale’s share is 7.63%.
• The eleventh project financed through SCPPA is the Milford II Wind Project (MIL2) located near Beaver and Millard County, Utah. The Project has a capacity of approximately 102 megawatts. The City Council approved a 20-year power purchase agreement with SCPPA for the purchase of approximately 5 megawatts or 4.90% of the Project’s output. The City has sold its output entitlement share to Los Angeles Department of Water and Power (LADWP) but remains responsible for all the obligations associated with its participation in the Power Sales Agreements in the event LADWP should default. As of June 30, 2022, Glendale’s share is 4.90%.
Take-or-Pay commitments expire upon contract expiration date or final maturity of outstanding bonds for each project, whichever is later. Final fiscal year contract expirations are as follows:
Pro
ject
Contract
Expiration
Date
Glendale’s
Share
Intermountain Power Project (IPP) * 2027 2.16%
Palo Verde Project (PV) 2030 4.40%
Southern Transmission System (STS) 2027 2.27%
Mead-Adelanto Project (MA) 2030 11.04%
Mead-Phoenix Project (MP) 2030 14.80%
Magnolia Power Project (MPP) 2036 17.25%
Natural Gas Prepaid Project (NGPP) 2035 23.00%
Linden Wind Energy Project (LIN) 2035 10.00%
Tieton Hydropower Project (THP) 2040 50.00%
Windy Point/Windy Flats Project (WP) 2030 7.63%
Milford II Wind Project (MIL2) 2031 4.90%
*IPP debt service share
100
270 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
A summary of the City’s “Take or Pay” debt service commitment and the final maturity date as of June 30, 2022:
Fiscal Year IPP STS MPP NGPP LIN THP WP MIL2 Total 2023 $ 2,070 1,585 3,897 5,309 934 1,386 1,867 495 17,543 2024 986 1,594 3,335 5,537 933 1,382 1,866 495 16,128 2025 850 730 3,363 5,760 4,379 1,383 13,002 495 29,962 2026 850 728 3,388 6,043 246 2,130 286 495 14,166 2027 1,363 728 3,418 6,054 246 1,232 286 494 13,821 2028 - 2032 13,137 728 17,566 33,962 1,977 6,148 6,723 2,463 82,704 2033 - 2037 13,104 - 21,237 23,717 3,795 6,125 - - 67,978 2038 - 2042 13,045 - - - - 4,895 - - 17,940 2043 - 2046 10,389 - - - - - - - 1 0,389 Total $ 55,794 6,093 56,204 86,382 12,510 24,681 24,030 4,937 270,631
In addition to debt service, the City’s entitlement requires the payment for fuel costs, operating and maintenance (O&M), administrative and general (A&G), and other miscellaneous costs associated with the generation and transmission facilities discussed above. These costs do not have a similar structured payment schedule as debt service and vary each year. The costs incurred for fiscal year 2022 and 2021 are as follows:
Fiscal
Year IPP PV STS SJ M
A MP MPP NGPP LIN THP WP MIL2 Total
2022 $6,912 2,895 334 7 322 268 6,328 4,682 - 1,046 - - 22,794 2021 $9,115 2,458 952 46 285 245 5,959 2,047 - 1,975 - - 23,082
NOTE 14 – PRONOUNCEMENTS ISSUED BUT NOT YET IMPLEMENTED
The Governmental Accounting Standards Board (GASB) has issued several pronouncements that may impact future financial presentations. Management has not currently determined what, if any, impact implementation of the following statements may have on the financial statements of the City.
• GASB Statement No. 93 – Replacement of Interbank Offered Rates. The objective of this statement is to address those and other accounting and financial reporting implications that result from the replacement of an IBOR. The statement, except for paragraphs 11b,13, and 14, is effective for periods beginning after June 15, 2020. The paragraph 11b is effective for fiscal years ending after December 31, 2021 (FY2022-23).
• GASB Statement No. 94 – Public-Private and Public-Public Partnerships and Availability Payment Arrangements. The objective of this statement is to improve financial reporting by addressing issues related to public-private and public-public partnership arrangements (PPPs). The statement is effective for fiscal years beginning after June 15, 2022 (FY 2022-23).
• GASB Statement No. 96 – Subscription-Based Information Technology Arrangements. The objective of this statement provides guidance on the accounting and financial reporting for subscription-based information technology arrangements (SBITAs) for government end users (governments). The statement is effective for fiscal years beginning after June 15, 2022 (FY2022-23).
101
271 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
• GASB Statement No. 99 – Omnibus 2022. The objectives of this statement are to enhance comparability in accounting and financial reporting and to improve the consistency of authoritative literature by addressing (1) practices issues that have been identified during implementation and application of certain GASB statements and (2) accounting and financial reporting for financial guarantees. The requirements related to leases, PPPs, and SBITAs are effective for fiscal years beginning after June 15, 2022 (FY 2022-23). The requirements related to financial guarantees and the classification and reporting of derivative instruments within the scope of Statement 53 are effective for fiscal years beginning after June 15, 2023 (FY 2023-24).
• GASB Statement No. 100 – Accounting Changes and Error Corrections-an amendment of GASB Statement NO. 62. The primary objective of this statement is to enhance accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. This statement is effective for fiscal years beginning after June 15, 2023 (FY 2023-24).
• GASB Statement No. 101 – Compensated Absences. The objective of this statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures. This statement is effective for fiscal years beginning after December 15, 2023 (FY 2024-25).
NOTE 15 – IMPLEMENTATION OF PRONOUNCEMENTS
The City has adopted and implemented, where applicable, the following GASB Statements during the year ended June 30, 2022:
• GASB Statement No. 87 – Leases. The objective of this statement is to better meet the information needs of financial statement users by improving accounting and financial reporting for leases by governments. The statement is effective for fiscal years beginning after June 15, 2021. The implementation of this statement did not affect the net positions at July 1, 2021.
• GASB Statement No. 91 – Conduit Debt Obligations. The objective of this statement is to provide a single method of reporting conduit debt obligations by issuers and eliminate diversity in practice associated with (1) commitments-extend by issuers, (2) arrangements associated with conduit debt obligations, and (3) related note disclosures. The statement is effective for fiscal years beginning after December 15, 2021.
• GASB Statement No. 92 – Omnibus 2020. The objectives of this statement are to enhance comparability in accounting and financial reporting and to improve the consistency of authoritative literature by addressing practices issues that have been identified during implementation and application of certain GASB Statements.
The statement is effective for fiscal years beginning after June 15, 2020.
• GASB Statement No. 93 – Replacement of Interbank Offered Rates. The objective of this statement is to address those and other accounting and financial reporting implications that result from the replacement of an IBOR. The statement, except for paragraphs 11b,13, and 14, is effective for periods beginning after June 15, 2020. The paragraphs 13 and 14 are effective for fiscal years beginning after June 15, 2021.
102
272 of 636
CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2022
(in thousands)
• GASB Statement No. 97 – Certain Component Unit Criteria, and Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans—an amendment of GASB Statements No. 14 and No. 84, and a supersession of GASB Statement No. 32. The objective of this statement is to (1) increase consistency and comparability related to the reporting of fiduciary component units in circumstances in which a potential component unit does not have a governing board and the primary government performs the duties that a governing board typically would perform; (2) mitigate costs associated with the reporting of certain defined contribution pension plans, defined contribution other postemployment benefit (OPEB) plans, and employee benefit plans other than pension plans or OPEB plans (other employee benefit plans) as fiduciary component units in fiduciary fund financial statements; and (3) enhance the relevance, consistency, and comparability of the accounting and financial reporting for Internal Revenue Code (IRC) Section 457 deferred compensation plans (Section 457 plans) that meet the definition of a pension plan and for benefits provided through those plans. The statement, except for paragraphs 4 and 5, is effective for fiscal years beginning after June 15, 2021.
• GASB Statement No. 98 – The Annual Comprehensive Financial Report. This statement establishes the term annual comprehensive financial report and its acronym ACFR. This statement is effective for fiscal years ending after December 15, 2021.
• GASB Statement No. 99 – Omnibus 2022. The objectives of this statement are to enhance comparability in accounting and financial reporting and to improve the consistency of authoritative literature by addressing (1) practices issues that have been identified during implementation and application of certain GASB statements and (2) accounting and financial reporting for financial guarantees. The requirements related to extension for the use of LIBOR accounting for SNAP distributions, disclosures of nonmonetary transactions, pledges of future revenues by pledging governments, clarification of certain provisions in Statement 34, as amended, and terminology updates related to Statement 53 and Statement 63 are effective upon issuance.
NOTE 16 – RESTATEMENT
Sewer Fund and Business-type Activities
A prior period adjustment of $3,000 was made to decrease the beginning net position of the Sewer Fund and business-type activities. In FY 2020-21, the City of Los Angeles did not bill the City the annual Maintenance and Operation cost for the Los Angeles-Glendale Water Reclamation Plant (LAGWRP) project, and the City inadvertently missed the expense accrual.
The restatement of beginning net position for the Sewer Fund is summarized as follows:
June 30, 2021
Previousl
y Stated
Restatement
July 1, 2021
Restated
Maintenance and operation $ 16,695 3,000 19,695
Net position $ 220,065 (3,000) 217,065
The restatement of beginning net position for the business-type activities summarized as follows:
June 30, 2021
Previously Stated
Restatement
July 1, 2021
Restated
Expenses $ 335,046 3,000 338,046
Net position $ 717,273 (3,000) 714,273
103
273 of 636
CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2022 2021 2020 2019
Total pension liability
Service cost $ 17,002 16,683 16,372 15,956
Interest on the total pension liability 85,712 83,093 80,133 76,746 Differences between expected and actual experience (2,379) 3,355 10,478 1,240 Changes of assumptions - - - (6,403) Benefit payments, including refunds of employee contributions (61,690) (60,158) (57,071) (54,969) Net change in total pension liability 38,645 42,973 49,912 32,570 Total pension liability - beginning 1,223,495 1,180,522 1,130,610 1,098,040 Total pension liability - ending (A) 1,262,140 1,223,495 1,180,522 1,130,610 Plan fiduciary net position
Plan to plan resource movement - (8) - (2) Contributions from the employer 36,495 29,257 24,992 22,006 Contributions from employees 11,011 11,249 10,176 8,996 Net investment income 202,381 43,263 54,849 67,307 Benefit payments, including refunds of employee contributions (61,690) (60,158) (57,071) (54,969) Administrative expense (895) (1,232) (600) (1,249) Other miscellaneous income/(expense) - - 2 (2,372) Net change in fiduciary net position 187,302 22,371 32,348 39,717 Plan fiduciary net position - beginning 896,134 873,763 841,415 801,698 Plan fiduciary net position - ending (B) 1,083,436 896,134 873,763 841,415 Net pension liability - ending (A) - (B) $ 178,704 327,361 306,759 289,195 Plan fiduciary net position
as a percentage of the total pension liability 85.84% 73.24% 74.01% 74.42% Covered payroll $ 101,565 99,009 95,277 92,799 Net pension liability as a percentage of covered payroll 175.95% 330.64% 321.97% 311.64% Measurement date June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 Note:
Schedule of Changes in Net Pension Liability and Related Ratios - Miscellaneous Plan FY 2015 is the first year of implementation of GASB 68; therefore, only eight years of data are shown.
Fiscal Year
104
274 of 636
CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2018 2017 2016 2015
Total pension liability
Service cost $ 15,513 13,413 14,372 14,951 Interest on the total pension liability 74,508 73,104 71,411 69,351 Differences between expected and actual experience (11,313) (12,487) (8,835) - Changes of assumptions 62,163 - (17,578) - Benefit payments, including refunds of employee contributions (52,599) (51,297) (50,059) (47,552) Net change in total pension liability 88,272 22,733 9,311 36,750 Total pension liability - beginning 1,009,768 987,035 977,724 940,974 Total pension liability - ending (A) 1,098,040 1,009,768 987,035 977,724 Plan fiduciary net position
Plan to plan resource movement 2 - (25) - Contributions from the employer 18,558 16,517 13,344 14,431 Contributions from employees 8,518 8,092 8,142 8,202 Net investment income 82,439 3,709 17,215 117,615 Benefit payments, including refunds of employee contributions (52,599) (51,297) (50,059) (47,552) Administrative expense (1,101) (469) (881) - Other miscellaneous income/(expense) - - - - Net change in fiduciary net position 55,817 (23,448) (12,264) 92,696 Plan fiduciary net position - beginning 745,881 769,329 781,593 688,897 Plan fiduciary net position - ending (B) 801,698 745,881 769,329 781,593 Net pension liability - ending (A) - (B) $ 296,342 263,887 217,706 196,131 Plan fiduciary net position
as a percentage of the total pension liability 73.01%
73.87% 77.94% 79.94%
Covered payroll $ 90,627 86,558 91,786 91,275 Net pension liability as a percentage of covered payroll 326.99% 304.87% 237.19% 214.88% Measurement date June 30, 2017 June 30, 2016 June 30, 2015 June 30, 2014 Note:
FY 2015 is the first year of implementation of GASB 68; therefore, only eight years of data are shown.
Schedule of Changes in Net Pension Liability and Related Ratios - Miscellaneous Plan Fiscal Year
105
275 of 636
CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
Schedule of Changes in Net Pension Liability and Related Ratios - Safety Plan 2022 2021 2020 2019
Total pension liability
Service cost $ 15,510 15,682 15,196 14,872 Interest on the total pension liability 64,856 62,988 60,331 57,734 Differences between expected and actual experience (5,898) 5,391 4,900 (3,943) Changes of assumptions - - - (3,509) Benefit payments, including refunds of employee contributions (47,743) (45,366) (42,663) (40,017) Net change in total pension liability 26,725 38,695 37,764 25,137 Total pension liability - beginning 929,090 890,395 852,631 827,494 Total pension liability - ending (A) 955,815 929,090 890,395 852,631 Plan fiduciary net position
Plan to plan resource movement - 8 - (1) Contributions from the employer 33,085 28,464 25,371 22,548 Contributions from employees 5,285 5,116 5,008 4,602 Net investment income 139,596 29,762 37,580 45,731 Benefit payments, including refunds of employee contributions (47,743) (45,366) (42,663) (40,017) Administrative expense (615) (844) (410) (847) Other miscellaneous income/(expense) - - 1 (1,609) Net change in fiduciary net position 129,608 17,140 24,887 30,407 Plan fiduciary net position - beginning 616,095 598,955 574,068 543,661 Plan fiduciary net position - ending (B) 745,703 616,095 598,955 574,068 Net pension liability - ending (A) - (B) $ 210,112 312,995 291,440 278,563 Plan fiduciary net position
as a percentage of the total pension liability 78.02% 66.31% 67.27% 67.33% Covered payroll $ 53,408 53,105 51,155 49,624 Net pension liability as a percentage of covered payroll 393.41% 589.39% 569.72% 561.35% Measurement date June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 Note:
FY 2015 is the first year of implementation of GASB 68; therefore, only eight years of data are shown.
Fiscal Year
106
276 of 636
CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2018 2017 2016 2015
Total pension liability
Service cost $ 14,641 12,975 13,038 13,249 Interest on the total pension liability 56,003 54,489 52,434 50,558 Differences between expected and actual experience (7,654) (3,055) (5,684) - Changes of assumptions 47,703 - (13,128) - Benefit payments, including refunds of employee contributions (38,186) (36,522) (34,522) (32,654) Net change in total pension liability 72,507 27,887 12,138 31,153 Total pension liability - beginning 754,987 727,100 714,962 683,809 Total pension liability - ending (A) 827,494 754,987 727,100 714,962 Plan fiduciary net position
Plan to plan resource movement (2) - - - Contributions from the employer 19,843 18,266 16,789 14,887 Contributions from employees 4,305 4,517 4,394 4,716 Net investment income 55,289 2,584 11,489 77,826 Benefit payments, including refunds of employee contributions (38,186) (36,522) (34,522) (32,654) Administrative expense (743) (314) (579) - Other miscellaneous income/(expense) - - - - Net change in fiduciary net position 40,506 (11,469) (2,429) 64,775 Plan fiduciary net position - beginning 503,155 514,624 517,053 452,278 Plan fiduciary net position - ending (B) 543,661 503,155 514,624 517,053 Net pension liability - ending (A) - (B) $ 283,833 251,832 212,476 197,909 Plan fiduciary net position
as a percentage of the total pension liability 65.70%
66.64% 70.78% 72.32%
Covered payroll $ 48,322 48,245 48,174 47,373 Net pension liability as a percentage of covered payroll 587.38% 521.99% 441.06% 417.77% Measurement date June 30, 2017 June 30, 2016 June 30, 2015 June 30, 2014 Note:
Schedule of Changes in Net Pension Liability and Related Ratios - Safety Plan FY 2015 is the first year of implementation of GASB 68; therefore, only eight years of data are shown.
Fiscal Year
107
277 of 636
CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
Schedule of Pension Plan Contributions - Miscellaneous Plan 2022 2021 2020 2019
Actuarially determined contributions $ 35,174 32,308 29,240 27,791 Contributions in relation to
the actuarially determined contribution (38,613) (32,308) (29,240) (27,791) Contribution deficiency (excess) (3,439) - - - Covered payroll $ 97,649 101,565 99,009 95,277 Contributions as a percentage of covered payroll 36.021% 31.810% 29.533% 29.169% Notes to Schedule:
Valuation date:
Actuarially determined contribution rates are calculated as of June 30th, three years prior to the end of fiscal year in which contribution are reported.
Actuarial cost method Entry age actuarial cost method
Amortization method
Asset valuation method
Discount rate 7% (net of investment and administrative expenses) Projected salary increases
Inflation
Payroll growth
Retirement age
Note:
FY 2015 is the first year of implementation of GASB 68; therefore, only eight years of data are shown. 59 Fiscal Year
A new policy adopted effective for the June 30, 2019 actuarial valuation.
Level percentage of payroll for bases established prior to June 30, 2019.
Level dollar amount for bases established on or after June 30, 2019.
Equal to the market value of assets.
0.40% to 8.50%, depending on age, service, and type of employment.
2.50%
2.75%
108
278 of 636
CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2018 2017 2016 2015
Actuarially determined contributions $ 23,741 18,972 16,519 13,357 Contributions in relation to
the actuarially determined contribution (23,741) (18,972) (16,519) (13,357) Contribution deficiency (excess) - - - - Covered payroll $ 92,799 90,627 86,558 91,786 Contributions as a percentage of covered payroll 25.583% 20.934% 19.084% 14.552% Notes to Schedule:
Valuation date:
Actuarially determined contribution rates are calculated as of June 30th, three years prior to the end of fiscal year in which contribution are reported.
Actuarial cost method Entry age actuarial cost method
Amortization method
Asset valuation method
Discount rate 7% (net of investment and administrative expenses) Projected salary increases
Inflation
Payroll growth
Retirement age
Note:
FY 2015 is the first year of implementation of GASB 68; therefore, only eight years of data are shown.
Schedule of Pension Plan Contributions - Miscellaneous Plan 59 2.75%
2.50%
0.40% to 8.50%, depending on age, service, and type of employment.
Equal to the market value of assets.
A new policy adopted effective for the June 30, 2019 actuarial valuation.
Level percentage of payroll for bases established prior to June 30, 2019.
Level dollar amount for bases established on or after June 30, 2019.
Fiscal Year
109
279 of 636
CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
Schedule of Pension Plan Contributions - Safety Plan
2022 2021 2020 2019
Actuarially determined contributions $ 33,879 31,033 28,471 25,487 Contributions in relation to
the actuarially determined contribution (35,103) (31,033) (28,471) (25,487) Contribution deficiency (excess) (1,224) - - - Covered payroll $ 52,814 53,408 53,105 51,155 Contributions as a percentage of covered payroll 64.148% 58.106% 53.613% 49.823% Notes to Schedule:
Valuation date:
Actuarially determined contribution rates are calculated as of June 30th, three years prior to the end of fiscal year in which contribution are reported.
Actuarial cost method Entry age actuarial cost method
Amortization method
Asset valuation method
Discount rate 7% (net of investment and administrative expenses) Projected salary increases
Inflation
Payroll growth
Retirement age
Note:
FY 2015 is the first year of implementation of GASB 68; therefore, only eight years of data are shown. 54 Fiscal Year
A new policy adopted effective for the June 30, 2019 actuarial valuation.
Level percentage of payroll for bases established prior to June 30, 2019.
Level dollar amount for bases established on or after June 30, 2019.
E
qual to the market value of assets.
0.97% to 17.00%, depending on age, service, and type of employment.
2.5%
2.75%
110
280 of 636
CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
Schedule of Pension Plan Contributions - Safety Plan
Fiscal Year
2018 2017 2016 2015
Actuarially determined contributions $ 22,470 19,984 18,257 16,772 Contributions in relation to
the actuarially determined contribution (22,470) (19,984) (18,257) (16,772) Contribution deficiency (excess) - - - - Covered payroll $ 49,624 48,322 48,245 48,174 Contributions as a percentage of covered payroll 45.281% 41.356% 37.842% 34.815% Notes to Schedule:
Valuation date:
Actuarially determined contribution rates are calculated as of June 30th, three years prior to the end of fiscal year in which contribution are reported.
Actuarial cost method Entry age actuarial cost method
Amortization method
Asset valuation method
Discount rate 7% (net of investment and administrative expenses) Projected salary increases
Inflation
Payroll growth
Retirement age
Note:
FY 2015 is the first year of implementation of GASB 68; therefore, only eight years of data are shown. 54 A new policy adopted effective for the June 30, 2019 actuarial valuation.
Level percentage of payroll for bases established prior to June 30, 2019.
Level dollar amount for bases established on or after June 30, 2019.
Equal to the market value of assets.
0.97% to 17.00%, depending on age, service, and type of employment.
2.5%
2.75%
111
281 of 636
CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2022 2021 2020 2019 2018
Total OPEB liability
Service cost $ 46 38 44 46 57 Interest on the total OPEB liability 400 524 582 556 493 Changes of assumptions (520) 2,947 543 (619) (1,790) Actual vs. expected experience (2,760) - (772) - - Benefit payments (372) (423) (476) (507) (487) Net change in total OPEB liability (3,206) 3,086 (79) (524) (1,727) Total OPEB liability - beginning 18,221 15,135 15,214 15,738 17,465 Total OPEB liability - ending 15,015 18,221 15,135 15,214 15,738 Covered-employee payroll $ 169,684 165,230 160,653 156,117 150,107 Total OPEB liability as a percentage
of covered employee payroll 8.85% 11.03% 9.42% 9.75% 10.48% Measurement date June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 Notes:
(1) FY 2018 is the first year of implementation of GASB 75; therefore, only five years of data is shown. (2) There are no assets accumulated in a trust that meets the criteria of GASB codification P22.101 or P52.101 to pay related benefits for the OPEB plan.
Schedule of Changes in Total OPEB Liability and Related Ratios Fiscal Year
112
282 of 636
NONMAJOR GOVERNMENTAL FUNDS
This section of the Annual Comprehensive Financial Report provides information on each individual governmental fund, except for those major governmental funds reported in the basic financial statements:
General Fund, Housing Assistance Fund, Parking Fund and Capital Improvement Fund. This section includes special revenue funds, debt service funds, and capital projects funds.
283 of 636
Exhibit G-1
Special Revenue
Funds
Debt Service
Fund
Capital Projects
Funds
Total Nonmajor
Governmental Funds
ASSETS
Pooled cash and investments 96,522$ 11,549$ 113,177$ 221,248$ Restricted cash and investments - - 52,763 52,763 Leases receivable 481 - - 481 Accounts receivable, net 14,960 - 2,595 17,555 Interest receivable 77 - 230 307 Loans receivable 6,723 - - 6,723 Prepaid items 53 - - 53 Total assets 118,816 11,549 168,765 299,130
LIABILITIES
Accounts payable 4,878 - 665 5,543 Deposits 126 - - 126 Due to other funds 4,996 - 1,140 6,136 Unearned revenues 2,939 - 1 2,940 Wages and benefits payable 390 - 26 416 Total liabilities 13,329 - 1,832 15,161
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases 473 - - 473 Unavailable revenues 15,383 - 1,201 16,584 Total deferred inflows of resources 15,856 - 1,201 17,057 Total liabilities and deferred inflows of
resources 29,185 - 3,033 32,218
FUND BALANCES (DEFICITS)
Nonspendable
Prepaid 53 - - 53 Restricted
Air quality improvement 997 - - 997 Cable access 3,711 - - 3,711 Capital projects - - 65,168 65,168 Electric public benefit AB1890 8,609 - - 8,609 Federal and state grants 5,553 - - 5,553 Impact fee funded projects - - 29,713 29,713 Landfill postclosure - - 52,763 52,763 Landscaping district 266 - - 266 Low and moderate housing 12,677 - - 12,677 Public safety 4,251 - - 4,251 Public works 2,488 - - 2,488 State gas tax mandates - - 17,137 17,137 Transportation 45,936 - - 45,936 Urban art 8,743 - - 8,743 Youth employment 45 - - 45 Committed
Capital projects - - 2,152 2,152 Debt service - 11,549 - 11,549 Hazardous materials 3,554 - - 3,554 Public safety 968 - - 968 Unassigned (8,220) - (1,201) (9,421) Total fund balances (deficits) 89,631 11,549 165,732 266,912 Total liabilities, deferred inflows of resources
and fund balances (deficits) 118,816$ 11,549$ 168,765$ 299,130$ (amounts expressed in thousands)
CITY OF GLENDALE
Combining Governmental Balance Sheet
Nonmajor Governmental Funds
June 30, 2022
113
284 of 636
Exhibit G-2
Special
Revenue Funds
Debt Service
Fund
Capital Projects
Funds
Total Nonmajor
Governmental
Funds
REVENUES
Revenue from other agencies 35,475 $ - $ 19,414$ 54,889 $ Licenses and permits 244 - 1,835 2,079 Fines and forfeitures 136 - - 136 Charges for services 21,134 - 258 21,392 Miscellaneous revenue 924 - 74 998 Use of money and property 353 170 (572) (49) Total revenues 58,266 170 21,009 79,445
EXPENDITURES
Current:
Police 1,761 5 - 1,766 Fire 3,553 - - 3,553 Public works 1,156 - 2,063 3,219 Transportation 19,607 - - 19,607 Housing, health and community development 7,671 - 97 7,768 Employment programs 6,125 - - 6,125 Public service 5,129 - - 5,129 Parks, recreation and community services 1,408 - 110 1,518 Library 837 - 314 1,151 Debt service:
Principal retirement - Leases 690 - - 690 Interest - Leases 2 - - 2 Principal retirement - 1,930 - 1,930 Interest - 1,063 - 1,063 Capital outlay 4,582 - 7,215 11,797 Total expenditures 52,521 2,998 9,799 65,318 Excess (deficiency) of revenues over
(under) expenditures 5,745 (2,828) 11,210 14,127
OTHER FINANCING SOURCES (USES)
Transfers in 101 1,500 3,966 5,567 Transfers out (63) - - (63) Total other financing sources (uses) 38 1,500 3,966 5,504 Net change in fund balances 5,783 (1,328) 15,176 19,631 Fund balances - beginning 83,848 12,877 150,556 247,281 Fund balances - ending 89,631$ 11,549$ 165,732$ 266,912$ (amounts expressed in thousands)
CITY OF GLENDALE
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
Summary by Fund Type
For the Year Ended June 30, 2022
114
285 of 636
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for the proceeds of specific revenue resources that are restricted or committed to expenditures for specified purposes, as required by law or administrative regulation. 286 of 636
SPECIAL REVENUE FUNDS
2010 - CDBG Fund - To account for monies received and expended by the City as a participant in the Federal Community Development Block Grant (CDBG) Program.
2030 - Home Grant Fund - To account for monies received and expended by the City under the HOME Investment Partnerships Program to strengthen public-private partnerships and to preserve and provide affordable housing.
2040 - Continuum of Care Grant Fund - To account for monies received and expended by the City under the Continuum of Care Grant Program to address the homeless needs of the City.
2050 - Emergency Solutions Grant Fund - To account for monies received and expended by the City under the Emergency Solutions Grant Program to address the homeless needs of the City.
2060 - Workforce Fund - To account for monies received and expended for the federal, state and local-funded job training programs.
2090 - Affordable Housing Trust Fund - To account for monies received from inclusionary housing fees in the San Fernando Road Corridor Redevelopment Project Area, from affordable housing density bonus fees and miscellaneou
s program income, and expended for affordable housing development, monitoring, and administration. 2100 - Urban Art Fund - To account for the art fees collected from the City developments that are restricted to support the public art installation and maintenance, in accordance with the City’s Urban Art Program Guidelines. 2110 - Glendale Youth Alliance Fund - To account for monies received and expended in the youth employment programs.
• 2120 - BEGIN Affordable Homeownership Fund - To account for monies received and expended by the City under the Building Equity and Growth in Neighborhoods (BEGIN) grant to provide down payment assistance or homeowner rehabilitation loans to low and moderate income homebuyers • 2130 - Low & Moderate Income Housing Asset Fund - To account for monies received and expended for low and moderate income housing activities pursuant to AB1484.
• 2160 - Grant Fund - To account for miscellaneous grant monies received and expended by the City that are not accounted for in other specific grant funds.
• 2190 - Hazardous Disposal Fund - To account for the revenues from hazardous permits and waste disposal fees that are committed to recycle household hazardous waste, in order to divert this waste from landfill. • 2220 - Measure M Local Return Fund - To account for monies received from the ½ cent sales tax increase approved in November 2016 by Los Angeles County voters and the related transportation and traffic congestion expenses for the Measure M Local Return Program.
• 2230 - Measure M Subregional Fund - To account for monies received from the ½ cent sales tax increase approved in November 2016 by Los Angeles County voters and the related transportation and traffic congestion expenses for Measure M Multi-Year Subregional Programs. • 2240 - Measure H Fund - To account for monies received from the ¼ cent sales tax increase approved in March 2017 by Los Angeles County voters and the related homeless services and prevention expenses. • 2250 - 2011 TABs Housing Fund - To account for housing project expenses funded by the Glendale Successor Agency 2011 Tax Allocation Bonds.
• 2260 - Measure W Fund – To account for monies received from the 2.5 cents per SF of impermeable area Los Angeles County Flood Control District parcel tax for stormwater management. (need to update to include regional portion).
115
287 of 636
2510 - Air Quality Improvement F und - To account for monies received from South Coast Air Quality Management District and expended on air pollution reduction.
2520 - PW Special Grants F und - To account for various grants received and expended by the City in the Public Works (PW) department.
2530 - San Ferna ndo Landscape District Fund - To account for assessments and expenditures associated with the San Fernando Road Corridor (SFRC) Landscape & Maintenance District Project.
2540 - Measure R Local Return Fund - To account for monies received from the ½ cent sales tax increase approved in November 2008 by Los Angeles County voters, and the related transportation and street expenses.
2550 - Measure R Regional Return F und - To account for monies received from the various grants that are funded by the Measure R, which is the ½ cent sales tax increase approved in November 2008 by Los Angeles County voters, and the related transportation and street project expenses.
2560 - Transit Prop A Local Return F und - To account for monies received from a portion of the sales tax via Prop A which is restricted to transportation-related activities.
2570 - Transit Prop C Local Return F und - To account for monies received from a portion of the sales tax via Prop C which is restricted to transportation-related activities.
2580 - Transit Ut ility Fund - To capture the revenues and expenses associated with the operation of fixed route and demand response transit services for reporting to state and federal regulators.
2600 - Asset Forfeiture Fund - To account for the proceeds of money or property seized as a result of illegal activity which is restricted to law enforcement uses.
2610 - Police Special Grants F und - To account for various grants received and expended by the City in the Police department.
2620 - S upplemental Law Enforcement Fund - To account for monies received from the State of California to provide funding for local agencies for the Citizen’s Option for Public Safety Program (COPS).
2650 - Fire Grant Fund - To account for grant monies received and ex pended for fire prevention programs.
2660 - Fire Mutual Aid Fund - To account for the reimbursements received from either the Federal government or the State of California that are committed for the City’s fire strike team labor costs, fire equipment charges as well as overhead costs incurred by the City in assisting fire incidents outside of the City’s jurisdiction.
2700 - Nutriti onal Meals Grant Fund - To account for monies received from Federal assistance programs for senior citizen services.
2750 - Library F und - To account for the various grants, donations, and other library fees that are restricted for library services.
2800 - Cable Access Fund - To account for the cable access fee that is restricted to provide for resources to broadcast the City Council meetings and other various commissions, forums, etc.
2910 - Electric Public Benefit F und - To account for the fee assessed on the electric customers to fund public benefit programs such as low income projects, research and development and demonstration program as mandated by State of California, AB 1890.
116
288 of 636
Exhibit H-1
CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2022
(amounts expressed in thousands)
CDBG
Fund
2010
Home
Grant Fund
2030
Continuum of
Care Grant
Fund
2040
Emergency
Solutions Grant
Fund
2050
ASSETS
Pooled cash and investments -$ 1,725$ -$ -$ Leases receivable - - - -
Accounts receivable, net 742 31 2,576 542 Interest receivable - - - -
Loans receivable 94 172 - -
Prepaid items - - 53 -
Total assets 836 1,928 2,629 542
LIABILITIES
Accounts payable 383 17 362 334
Deposits - - - -
Due to other funds 345 - 2,254 183
Unearned revenues - - - -
Wages and benefits payable 14 5 12 25
Total liabilities 742 22 2,628 542
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases - - - - Unavailable revenues 703 172 2,576 542
Total deferred inflows of resources 703 172 2,576 542 Total liabilities and deferred inflows
of resources 1,445 194 5,204 1,084
FUND BALANCES (DEFICITS)
Nonspendable
Prepaid - - 53 -
Restricted
Air quality improvement - - - -
Cable access - - - -
Electric public benefit AB1890 - - - -
Federal and state grants - 1,734 - -
Landscaping district - - - -
Low and moderate housing - - - -
Public safety - - - -
Public works - - - -
Transportation - - - -
Urban art - - - -
Youth employment - - - -
Committed
Hazardous materials - - - -
Public safety - - - -
Unassigned (609) - (2,628) (542)
Total fund balances (deficits) (609) 1,734 (2,575) (542) Total liabilities and fund balances (deficits) 836$ 1,928$ 2,629$ 542$ (Continued)
117
289 of 636
Exhibit H-1
CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2022
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets
LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows
of resources
FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Workforce
Fund
2060
Affordable
Housing Trust
Fund
2090
Urban
Art Fund
2100
Glendale Youth
Alliance Fund
2110
2,012$ 2,549$ 8,799$ -$ 257 - - - 1,380 - - 283 - - - - - - - - - - - - 3,649 2,549 8,799 283 485 - 56 4 - - - - - - - 161 17 - - - 77 4 - 73 579 4 56 238 253 - - - 435 - - - 688 - - - 1,267 4 56 238 - - - - - - - - - - - - - - - - 2,382 - - - - - - - - 2,545 - - - - - - - - - - - - - - - - 8,743 - - - - 45 - - - - - - - - - - - - 2,382 2,545 8,743 45 3,649$ 2,549$ 8,799$
283$
(Continued)
118
290 of 636
Exhibit H-1
CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2022
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets
LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows
of resources
FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
BEGIN
Affordable
Homeownership
Fund
2120
Moderate
Income
Housing Asset
Fund
2130
Grant
Fund
2160
Hazardous
Disposal Fund
2190
69$ 8,725$ 416$ 3,428$ - - - - - - 1,015 851 - - - 18 5,685 772 - - - - - - 5,754 9,497 1,431 4,297 - 8 450 91 - - - - - - - - - - 981 606 - 15 2 46 - 23 1,433 743 - - - - 5,685 772 876 - 5,685 772 876 - 5,685 795 2,309 743 - - - - - - - - - - - - - - - - 69 - - - - - - - - 8,702 - - - - - - - - - - - - - - - - - - - - - - - - - 3,554 - - - - - - (878) - 69 8,702 (878) 3,554 5,754$ 9,497$ 1,431$
4,297$
(Continued)
119
291 of 636
Exhibit H-1
CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2022
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets
LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows
of resources
FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Measure M
Local Return
Fund
2220
Measure M
Subregional
Fund
2230
Measure H
Fund
2240
2011 TABs
Housing Fund
2250
11,626$ -$ -$ 1,430$ - - - - - 314 - - - - - - - - - - - - - - 11,626 314 - 1,430 86 5 - - - - - - - 308 - - - - - - 14 1 - - 100 314 - - - - - - - 256 - - - 256 - - 100 570 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,430 - - - - - - - - 11,526 - - - - - - - - - - - - - - - - - - - - (256) - - 11,526 (256) - 1,430 11,626$ 314$ -$ 1, 430$
(Continued)
120
292 of 636
Exhibit H-1
CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2022
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets
LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows
of resources
FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Measure W
Fund
2260
Air Quality
Improvement
Fund
2510
PW Special
Grants Fund
2520
San Fernando
Landscape
District Fund
2530
2,520$ 948$ -$ 268$ - - - - - 65 36 2 - - - - - - - - - - - - 2,520 1,013 36 270 25 16 - 4 - - - - - - 36 - - - - - 7 - - - 32 16 36 4 - - - - - - 36 - - - 36 - 32 16 72 4 - - - - - 997 - - - - - - - - - - - - - - - - - 266 - - - - - - - - 2,488 - - - - - - - - - - - - - - - - - - - - - - - - - (36) - 2,488 997 (36) 266 2,520$ 1,013$ 36$ 270$
(Continued)
121
293 of 636
Exhibit H-1
CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2022
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets
LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows
of resources
FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Measure R
Local Return
Fund
2540
Measure R
Regional
Return Fund
2550
Transit Prop A
Local Return
Fund
2560
Transit Prop C
Local Return
Fund
2570
11,963$ -$ 11,500$ 9,430$ - - - 193 - 2,216 1,377 886 - - - - - - - - - - - - 11,963 2,216 12,877 10,509 - 737 395 327 - - - - - 1,467 - - - - - - - 12 19 9 - 2,216 414 336 - - - 189 - 1,995 - - - 1,995 - 189 - 4,211 414 525 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 11,963 - 12,463 9,984 - - - - - - - - - - - - - - - - - (1,995) - - 11,963 (1,995) 12,463 9,984 11,963$ 2,216$ 12,877$
10,509$
(Continued)
122
294 of 636
Exhibit H-1
CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2022
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets
LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows
of resources
FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Transit Utility
Fund
2580
Asset Forfeiture
Fund
2600
Police Special
Grants Fund
2610
Supplemental
Law
Enforcement
Fund
2620
-$ 3,178$ 578$ 1,095$ - - - - - 2 859 - - - - - - - - - - - - - - 3,180 1,437 1,095 - 9 16 - - - 126 - - - - - - - 1,262 - - - 8 15 - 9 1,412 15 - - - - - - 813 - - - 813 - - 9 2,225 15 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,171 - 1,080 - - - - - - - - - - - - - - - - - - - - - - - - - - (788) - - 3,171 (788) 1,080 -$ 3,180$ 1,437$
1,095$
(Continued)
123
295 of 636
Exhibit H-1
CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2022
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets
LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows
of resources
FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Fire Grant
Fund
2650
Fire Mutual
Aid Fund
2660
Nutritional
Meals Grant
Fund
2700
Library Fund
2750
-$ 968$ 202$ 1,406$ - - - 31 517 - 23 8 - - - - - - - - - - - - 517 968 225 1,445 247 - 174 5 - - - - 242 - - - - - - 73 - - 7 6 489 - 181 84 - - - 31 516 - - 6 516 - - 37 1,005 - 181 121 - - - - - - - - - - - - - - - - - - 44 1,324 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 968 - - (488) - - - (488) 968 44 1,324 517$ 968$ 225$ 1, 445$
(Continued)
124
296 of 636
Exhibit H-1
CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2022
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets
LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows
of resources
FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Cable Access
Fund
2800
Electric Public
Benefit Fund
2910
Total Nonmajor
Special
Revenue Funds
3,659$ 8,028$ 96,522$
- - 481
95 1,140 14,960
19 40 77
- - 6,723
- - 53
3,773 9,208 118,816
62 580 4,878
- - 126
- - 4,996
- - 2,939
- 19 390
62 599 13,329
- - 473
- - 15,383
- - 15,856
62 599 29,185
- - 53
- - 997
3,711 - 3,711
- 8,609 8,609
- - 5,553
- - 266
- - 12,677
- - 4,251
- - 2,488
- - 45,936
- - 8,743
- - 45
- - 3,554
- - 968
- - (8,220) 3,711 8,609 89,631
3,773$ 9,208$ 118,816$
125
297 of 636
Exhibit H-2
CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures, and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
CDBG
Fund
2010
Home
Grant Fund
2030
Continuum of
Care Grant
Fund
2040
Emergency
Solutions Grant
Fund
2050
REVENUES
Revenue from other agencies 1,181$ 74$ 622$ 1,741$ Licenses and permits - - - -
Fines and forfeitures - - - -
Charges for services - - - -
Miscellaneous revenue - 161 - -
Use of money and property - 22 - -
Total revenues 1,181 257 622 1,741
EXPENDITURES
Current:
Police - - - -
Fire - - - -
Public works - - - -
Transportation - - - -
Housing, health and community development 1,752 196 2,575 1,780 Employment programs - - - -
Public service - - - -
Parks, recreation and community services - - - -
Library - - - -
Debt service:
Principal retirement - Leases - - - -
Interest - Leases - - - -
Capital outlay:
Capital outlay 25 - - -
Total expenditures 1,777 196 2,575 1,780 Excess (deficiency) of revenues over
(under) expenditures (596) 61 (1,953) (39)
OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses) - - - -
Net change in fund balances (596) 61 (1,953) (39) Fund balances - beginning (13) 1,673 (622) (503)
Fund balances - ending (609)$ 1,734$ (2,575)$ (542)$ (Continued)
126
298 of 636
Exhibit H-2
CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures, and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
REVENUES
Revenue from other agencies
Licenses and permits
Fines and forfeitures
Charges for services
Miscellaneous revenue
Use of money and property
Total revenues
EXPENDITURES
Current:
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Debt service:
Principal retirement - Leases
Interest - Leases
Capital outlay:
Capital outlay
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 - beginning
Fund balances - ending
Workforce
Fund
2060
Affordable
Housing Trust
Fund
2090
Urban
Art Fund
2100
Glendale Youth
Alliance Fund
2110
4,050$ -$ -$ -$
- - 244 -
- - - -
94 (76) - 2,437
- 10 - -
27 33 114 -
4,171 (33) 358 2,437
- - - -
- - - -
- - - -
- - - -
- 95 - -
3,705 - - 2,420
- - - -
- - - -
- - 415 -
690 - - -
2 - - -
- - - -
4,397 95 415 2,420
(226) (128) ( 57) 17
- - - -
- - - -
- - - -
(226) (128) (57) 17
2,608 2,673 8,800 28
2,382$ 2,545$ 8,743$ 45$ (Continued)
127
299 of 636
Exhibit H-2
CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures, and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
REVENUES
Revenue from other agencies
Licenses and permits
Fines and forfeitures
Charges for services
Miscellaneous revenue
Use of money and property
Total revenues
EXPENDITURES
Current:
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Debt service:
Principal retirement - Leases
Interest - Leases
Capital outlay:
Capital outlay
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 - beginning
Fund balances - ending
BEGIN
Affordable
Homeownership
Fund
2120
Moderate
Income
Housing Asset
Fund
2130
Grant
Fund
2160
Hazardous
Disposal Fund
2190
-$ -$ 824$ -$ - - - - - - - - - - - 1,847 20 577 - - 1 112 4 (165) 21 689 828 1,682 - - - - - - - 1,771 - - 7 - - - - - - 742 481 - - - - - - - - - - - 576 - - - - - - - - - - - - - - - 14 47 - 742 1,078 1,818 21 ( 53) (250) (136) - - - - - - (63) - - - (63) - 21 (53) (313) (136) 48 8,755 (565) 3,690 69$ 8,702$ (878)$ 3,554$ (Continued)
128
300 of 636
Exhibit H-2
CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures, and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
REVENUES
Revenue from other agencies
Licenses and permits
Fines and forfeitures
Charges for services
Miscellaneous revenue
Use of money and property
Total revenues
EXPENDITURES
Current:
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Debt service:
Principal retirement - Leases
Interest - Leases
Capital outlay:
Capital outlay
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 - beginning
Fund balances - ending
Measure M
Local Return
Fund
2220
Measure M
Subregional
Fund
2230
Measure H
Fund
2240
2011 TABs
Housing Fund
2250
3,650$ 72$ 294$ -$ - - - - - - - - - - - - - - - - 128 - - 18 3,778 72 294 18 - - - - - - - - - 5 - - 616 - - - - - 50 - - - - - - - - - - - - - - - - - - - - - - - - - 283 104 - - 899 109 50 - 2,879 ( 37) 244 18 - - - - - - - - - - - - 2,879 (37) 244 18 8,647 (219) (244) 1,412 11,526$ (256)$ -$ 1,430$ (Continued)
129
301 of 636
Exhibit H-2
CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures, and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
REVENUES
Revenue from other agencies
Licenses and permits
Fines and forfeitures
Charges for services
Miscellaneous revenue
Use of money and property
Total revenues
EXPENDITURES
Current:
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Debt service:
Principal retirement - Leases
Interest - Leases
Capital outlay:
Capital outlay
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 - beginning
Fund balances - ending
Measure W
Fund
2260
Air Quality
Improvement
Fund
2510
PW Special
Grants Fund
2520
San Fernando
Landscape
District Fund
2530
1,679$ 194$ -$ -$ - - - - - - - - - - - 69 - - - - 22 12 - 4 1,701 206 - 73 - - - - - - - - 481 - - 92 - 118 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 481 118 - 92 1,220 88 - (19) - - - - - - - - - - - - 1,220 88 - (19) 1,268 909 (36) 285 2,488$ 997$ (36)$ 266$ (Continued)
130
302 of 636
Exhibit H-2
CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures, and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
REVENUES
Revenue from other agencies
Licenses and permits
Fines and forfeitures
Charges for services
Miscellaneous revenue
Use of money and property
Total revenues
EXPENDITURES
Current:
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Debt service:
Principal retirement - Leases
Interest - Leases
Capital outlay:
Capital outlay
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 - beginning
Fund balances - ending
Measure R
Local Return
Fund
2540
Measure R
Regional
Return Fund
2550
Transit Prop A
Local Return
Fund
2560
Transit Prop C
Local Return
Fund
2570
3,225$ 2,603$ 5,186$ 4,301$ - - - - - - - - - - - - - - - - 135 - 145 145 3,360 2,603 5,331 4,446 - - - - - - - - - 571 - - - - 5,136 2,714 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 666 2,843 - 83 666 3,414 5,136 2,797 2,694 ( 811) 195 1,649 - - - - - - - - - - - - 2,694 (811) 195 1,649 9,269 (1,184) 12,268 8,335 11,963$ (1,995)$ 12,463$ 9,984$ (Continued)
131
303 of 636
Exhibit H-2
CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures, and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
REVENUES
Revenue from other agencies
Licenses and permits
Fines and forfeitures
Charges for services
Miscellaneous revenue
Use of money and property
Total revenues
EXPENDITURES
Current:
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Debt service:
Principal retirement - Leases
Interest - Leases
Capital outlay:
Capital outlay
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 - beginning
Fund balances - ending
Transit Utility
Fund
2580
Asset Forfeiture
Fund
2600
Police Special
Grants Fund
2610
Supplemental
Law
Enforcement
Fund
2620
2,034$ -$ 659$ 503$
- - - -
- 136 - -
8,989 - 122 -
- - 19 -
- 65 (2) 13
11,023 201 798 516
- 129 1,248 384
- - - -
- - - -
11,023 - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 79 -
11,023 129 1,327 384
- 72 ( 529) 132
- - - -
- - - -
- - - -
- 72 (529) 132
- 3,099 (259) 948
-$ 3,171$ (788)$ 1,080$
(Continued)
132
304 of 636
Exhibit H-2
CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures, and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
REVENUES
Revenue from other agencies
Licenses and permits
Fines and forfeitures
Charges for services
Miscellaneous revenue
Use of money and property
Total revenues
EXPENDITURES
Current:
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Debt service:
Principal retirement - Leases
Interest - Leases
Capital outlay:
Capital outlay
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 - beginning
Fund balances - ending
Fire Grant
Fund
2650
Fire Mutual
Aid Fund
2660
Nutritional
Meals Grant
Fund
2700
Library Fund
2750
14$ 1,562$ 734$ 273$
- - - -
- - - -
- - - 22
- - 25 112
- 7 4 33
14 1,569 763 440
- - - -
83 1,699 - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - 832 -
- - - 422
- - - -
- - - -
362 - - -
445 1,699 832 422
(431) (130) ( 69) 18
16 - 85 -
- - - -
16 - 85 -
(415) (130) 16 18
(73) 1,098 28 1,306
(488)$ 968$ 44$ 1,324$
(Continued)
133
305 of 636
Exhibit H-2
CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures, and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
REVENUES
Revenue from other agencies
Licenses and permits
Fines and forfeitures
Charges for services
Miscellaneous revenue
Use of money and property
Total revenues
EXPENDITURES
Current:
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Debt service:
Principal retirement - Leases
Interest - Leases
Capital outlay:
Capital outlay
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 - beginning
Fund balances - ending
Cable Access
Fund
2800
Electric Public
Benefit Fund
2910
Total Nonmajor
Special
Revenue Funds
-$ -$ 35,475$
- - 244
- - 136
467 7,163 21,134
- - 924
(172) (352) 353
295 6,811 58,266
- - 1,761
- - 3,553
- - 1,156
- - 19,607
- - 7,671
- - 6,125
- 5,129 5,129
- - 1,408
- - 837
- - 690
- - 2
76 - 4,582
76 5,129 52,521
219 1,682 5,745
- - 101
- - (63)
- - 38
219 1,682 5,783
3,492 6,927 83,848
3,711$ 8,609$ 89,631$
134
306 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
CDBG Fund:
2010
REVENUES
Revenue from other agencies 1,894 $ 1,922 $ 1,181 $ (741) $ Total revenues 1,894 1,922 1,181 (741)
EXPENDITURES
Current:
Housing, health and community development 1,494 3,882 1,752 2,130 Capital outlay:
Capital outlay 400 2,370 25 2,345 Total expenditures 1,894 $ 6,252 $ 1,777 $ 4,475 $ Home Grant Fund:
2030
REVENUES
Revenue from other agencies 1,410 $ 3,210 $ 74 $ (3,136)$ Miscellaneous revenue 118 118 161 43 Use of money and property - - 22 22 Total revenues 1,528 3,328 257 (3,071)
EXPENDITURES
Current:
Housing, health and community development 1,528 5,735 196 5,539 Total expenditures 1,528 $ 5,735 $ 196 $ 5,539 $ Budgeted Amounts
(Continued)
135
307 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Continuum of Care Grant Fund:
2040
REVENUES
Revenue from other agencies - $ 2,741$ 622 $ (2,119) $ Total revenues - 2,741 622 (2,119)
EXPENDITURES
Current:
Housing, health and community development - 6,139 2,575 3,564 Total expenditures - $ 6,139$ 2,575 $ 3,564 $ Emergency Solutions Grant Fund:
2050
REVENUES
Revenue from other agencies 170 $ 170 $ 1,741 $ 1,571 $ Total revenues 170 170 1,741 1,571
EXPENDITURES
Current:
Housing, health and community development 170 3,051 1,780 1,271 Total expenditures 170 $ 3,051 $ 1,780 $ 1,271 $ Budgeted Amounts
(Continued)
136
308 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Workforce Fund:
2060
REVENUES
Revenue from other agencies 6,253 $ 6,253 $ 4,050 $ (2,203) $ Charges for services 520 520 94 (426) Use of money and property - - 27 27 Total revenues 6,773 6,773 4,171 (2,602)
EXPENDITURES
Current:
Employment programs 6,773 9,756 3,705 6,051 Debt service:
Principal retirement - Leases - - 690 (690) Interest - Leases - - 2 (2) Total expenditures 6,773 $ 9,756 $ 4,397 $ 5,359 $ Affordable Housing Trust Fund:
2090
REVENUES
Charges for services 68 $ 68 $ (76) $ (144) $ Miscellaneous revenue - - 10 10 Use of money and property 28 28 33 5 Total revenues 96 96 (33) (129)
EXPENDITURES
Current:
Housing, health and community development 120 120 95 25 Total expenditures 120 $ 120 $ 95 $ 25 $ Budgeted Amounts
(Continued)
137
309 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Urban Art Fund:
2100
REVENUES
Licenses and permits 686 $ 686 $ 244 $ (442) $ Use of money and property 93 93 114 21 Total revenues 779 779 358 (421)
EXPENDITURES
Current:
Library 1,662 1,662 415 1,247 Total expenditures 1,662 $ 1,662 $ 415 $ 1,247 $ Glendale Youth Alliance Fund:
2110
REVENUES
Charges for services 2,886 $ 2,886 $ 2,437 $ (449) $ Total revenues 2,886 2,886 2,437 (449)
EXPENDITURES
Current:
Employment programs 2,886 2,886 2,420 466 Total expenditures 2,886 $ 2,886 $ 2,420 $ 466 $ Budgeted Amounts
(Continued)
138
310 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
BEGIN Affordable Homeownership Fund:
2120
REVENUES
Miscellaneous revenue 10 $ 10 $ 20 $ 10 $ Use of money and property - - 1 1 Total revenues 10 10 21 11
EXPENDITURES
Current:
Housing, health and community development 10 10 - 10 Total expenditures 10 $ 10 $ - $ 10 $ Low & Moderate Income Housing Asset Fund:
2130
REVENUES
Miscellaneous revenue 1,301 $ 1,301 $ 577 $ (724) $ Use of money and property 88 88 112 24 Total revenues 1,389 1,389 689 (700)
EXPENDITURES
Current:
Housing, health and community development 3,915 9,940 742 9,198 Total expenditures 3,915 $ 9,940 $ 742 $ 9,198 $ Budgeted Amounts
(Continued)
139
311 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Grant Fund:
2160
REVENUES
Revenue from other agencies 446 $ 2,683 $ 824 $ (1,859)$ Use of money and property 7 7 4 (3) Total revenues 453 2,690 828 (1,862)
EXPENDITURES
Current:
General government - 25 - 25 Public works - 1,251 7 1,244 Housing, health and community development - 1,893 481 1,412 Parks, recreation and community services 453 1,229 576 653 Capital outlay:
Capital outlay - 2,186 14 2,172 Total expenditures 453 6,584 1,078 5,506
OTHER FINANCING SOURCES (USES)
Transfers out - (60) (63) (3) Total other financing sources (uses) - $ (60) $ (63) $ (3) $ Hazardous Disposal Fund:
2190
REVENUES
Charges for services 1,818 $ 1,818 $ 1,847 $ 29 $ Use of money and property 40 40 (165) (205) Total revenues 1,858 1,858 1,682 (176)
EXPENDITURES
Current:
Fire 1,960 1,978 1,771 207 Capital outlay:
Capital outlay - 50 47 3 Total expenditures 1,960 $ 2,028$
1,818$ 210$
Budgeted Amounts
(Continued)
140
312 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Measure M Local Return Fund:
2220
REVENUES
Revenue from other agencies 2,924 $ 2,924 $ 3,650 $ 726 $ Use of money and property 79 79 128 49 Total revenues 3,003 3,003 3,778 775
EXPENDITURES
Current:
Transportation 1,235 4,739 616 4,123 Capital outlay:
Capital outlay - 447 283 164 Total expenditures 1,235 $ 5,186 $ 899 $ 4,287 $ Measure M Subregional Fund:
2230
REVENUES
Revenue from other agencies 832 $ 6,784 $ 72 $ (6,712)$ Total revenues 832 6,784 72 (6,712)
EXPENDITURES
Current:
Public works - - 5 (5) Capital outlay:
Capital outlay 832 6,844 104 6,740 Total expenditures 832 $ 6,844 $ 109 $ 6,735 $ Budgeted Amounts
(Continued)
141
313 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Measure H Fund:
2240
REVENUES
Revenue from other agencies 100 $ 100 $ 294 $ 194 $ Total revenues 100 100 294 194
EXPENDITURES
Current:
Housing, health and community development 100 451 50 401 Total expenditures 100 $ 451 $ 50 $ 401 $ 2011 TABs Housing Fund:
2250
REVENUES
Use of money and property - $ - $ 18 $ 18 $ Total revenues - - 18 18
EXPENDITURES
Current:
Housing, health and community development - 1,300 - 1,300 Total expenditures - $ 1,300$ - $ 1,300$ Budgeted Amounts
(Continued)
142
314 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Measure W Fund:
2260
REVENUES
Revenue from other agencies 1,200 $ 1,277 $ 1,679 $ 402 $ Use of money and property - - 22 22 Total revenues 1,200 1,277 1,701 424
EXPENDITURES
Current:
Public works 558 708 481 227 Capital outlay:
Capital outlay 1,103 1,856 - 1,856 Total expenditures 1,661 $ 2,564 $ 481 $ 2,083 $ Air Quality Improvement Fund
:
2510
REVENUES
Revenue from other agencies 250 $ 250 $ 194 $ (56) $ Charges for services 6 6 - (6) Use of money and property 7 7 12 5 Total revenues 263 263 206 (57)
EXPENDITURES
Current:
Transportation 351 351 118 233 Total expenditures 351 $ 351 $ 118 $ 233 $ Budgeted Amounts
(Continued)
143
315 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
PW Special Grants Fund:
2520
REVENUES
Revenue from other agencies - $ - $ - $ - $ Total revenues - - - -
EXPENDITURES
Current:
Public works - - - - Total expenditures - $ - $ - $ - $ San Fernando Landscape District Fund:
2530
REVENUES
Charges for services 70 $ 70 $ 69 $ (1) $ Use of money and property 3 3 4 1 Total revenues 73 73 73 -
EXPENDITURES
Current:
Public works 96 96 92 4 Total expenditures 96 $ 96 $ 92 $ 4 $ Budgeted Amounts
(Continued)
144
316 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Measure R Local Return Fund:
2540
REVENUES
Revenue from other agencies 2,580 $ 2,580 $ 3,225 $ 645 $ Use of money and property 112 112 135 23 Total revenues 2,692 2,692 3,360 668
EXPENDITURES
Current:
Transportation 1,938 2,023 - 2,023 Capital outlay:
Capital outlay 2,368 3,767 666 3,101 Total expenditures 4,306 $ 5,790 $ 666 $ 5,124 $ Measure R Regional Return Fund:
2550
REVENUES
Revenue from other agencies 4,150 $ 4,950 $ 2,603 $ (2,347) $ Total revenues 4,150 4,950 2,603 (2,347)
EXPENDITURES
Current:
Public works - 1,100 571 529 Capital outlay:
Capital outlay 2,483 14,135 2,843 11,292 Total expenditures 2,483 $ 15,235 $ 3,414 $ 11,821 $ Budgeted Amounts
(Continued)
145
317 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Transit Prop A Local Return Fund:
2560
REVENUES
Revenue from other agencies 4,147 $ 4,147 $ 5,186 $ 1,039 $ Use of money and property 123 123 145 22 Total revenues 4,270 4,270 5,331 1,061
EXPENDITURES
Current:
Transportation 5,748 5,748 5,136 612 Capital outlay:
Capital outlay - 3,696 - 3,696 Total expenditures 5,748 $ 9,444 $ 5,136 $ 4,308 $ Transit Prop C Local Return Fund:
2570
REVENUES
Revenue from other agencies 3,439 $ 3,439 $ 4,301 $ 862 $ Charges for services 5 5 - (5) Use of money and property 106 106 145 39 Total revenues 3,550 3,550 4,446 896
EXPENDITURES
Current:
Transportation 3,817 4,068 2,714 1,354 Capital outlay:
Capital outlay - 60 83 (23) Total expenditures 3,817 $ 4,128 $ 2,797 $ 1,331 $ Budgeted Amounts
(Continued)
146
318 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Transit Utility Fund:
2580
REVENUES
Revenue from other agencies 3,149 $ 3,149 $ 2,034 $ (1,115) $ Charges for services 10,267 10,267 8,989 (1,278) Miscellaneous revenue 1 1 - (1) Total revenues 13,417 13,417 11,023 (2,394)
EXPENDITURES
Current:
Transportation 13,417 13,417 11,023 2,394 Total expenditures 13,417 $ 13,417 $ 11,023 $ 2,394 $ Asset Forfeiture Fund:
2600
REVENUES
Fines and forfeitures - $ - $ 136 $ 136 $ Use of money and property - - 65 65 Total revenues - - 201 201
EXPENDITURES
Current:
Police 541 541 129 412 Capital outlay:
Capital outlay 65 365 - 365 Total expenditures 606 $ 906 $ 129 $ 777 $ Budgeted Amounts
(Continued)
147
319 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Police Special Grants Fund:
2610
REVENUES
Revenue from other agencies 780 $ 1,224 $ 659 $ (565) $ Charges for services 125 125 122 (3) Miscellaneous revenue 50 480 19 (461) Use of money and property - - (2) (2) Total revenues 955 1,829 798 (1,031)
EXPENDITURES
Current:
Police 955 3,715 1,248 2,467 Capital outlay:
Capital outlay - 317 79 238 Total expenditures 955 $ 4,032 $ 1,327 $ 2,705 $ Supplemental Law Enforcement Fund:
2620
REVENUES
Revenue from other agencies 400 $ 400 $ 503 $ 103 $ Use of money and property - - 13 13 Total revenues 400 400 516 116
EXPENDITURES
Current:
Police 400 400 384 16 Total expenditures 400 $ 400 $ 384 $ 16 $ Budgeted Amounts
(Continued)
148
320 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Fire Grant Fund:
2650
REVENUES
Revenue from other agencies - $ 178 $ 14 $ (164) $ Total revenues - 178 14 (164)
EXPENDITURES
Current:
Fire - 488 83 405 Capital outlay:
Capital outlay - 429 362 67 Total expenditures - 917 445 472
OTHER FINANCING SOURCES (USES)
Transfers in - 16 16 - Total other financing sources (uses) - $ 16 $ 16 $ - $ Fire Mutual Aid Fund:
2660
REVENUES
Revenue from other agencies 774 $ 774 $ 1,562 $ 788 $ Use of money and property - - 7 7 Total revenues 774 774 1,569 795
EXPENDITURES
Current:
Fire 774 774 1,699 (925) Total expenditures 774 $ 774 $ 1,699 $ (925) $ Budgeted Amounts
(Continued)
149
321 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Nutritional Meals Grant Fund:
2700
REVENUES
Revenue from other agencies 340 $ 730 $ 734 $ 4 $ Miscellaneous revenue 39 39 25 (14) Use of money and property - - 4 4 Total revenues 379 769 763 (6)
EXPENDITURES
Current:
Parks, recreation and community services 464 1,052 832 220 Total expenditures 464 1,052 832 220
OTHER FINANCING SOURCES (USES)
Transfers in 85 85 85 - Total other financing sources (uses) 85 $ 85 $ 85 $ - $ Library Fund:
2750
REVENUES
Revenue from other agencies 102 $ 246 $ 273 $ 27 $ Charges for services 61 61 22 (39) Miscellaneous revenue 35 35 112 77 Use of money and property 6 6 33 27 Total revenues 204 348 440 92
EXPENDITURES
Current:
Library 206 598 422 176 Total expenditures 206 $ 598 $ 422 $ 176 $ Budgeted Amounts
(Continued)
150
322 of 636
Exhibit H-3
CITY OF GLENDALE
Schedule of Revenues, Expenditures, and
Nonmajor Special Revenue Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Original Final Actual
Variance with
Final Budget
Cable Access Fund:
2800
REVENUES
Charges for services 500 $ 500 $ 467 $ (33) $ Use of money and property 38 38 (172) (210) Total revenues 538 538 295 (243)
EXPENDITURES
Capital outlay:
Capital outlay - 359 76 283 Total expenditures - $ 359 $ 76 $ 283 $ Electric Public Benefit Fund:
2910
REVENUES
Charges for services 6,500 $ 6,500 $ 7,163 $ 663 $ Use of money and property 76 76 (352) (428) Total revenues 6,576 6,576 6,811 235
EXPENDITURES
Current:
Public service 8,767 8,774 5,129 3,645 Total expenditures 8,767 $ 8,774 $ 5,129 $ 3,645 $ Budgeted Amounts
Changes in Fund Balances - Budget and Actual
151
323 of 636
This page is left blank intentionally.
152
324 of 636
DEBT SERVICE FUNDS
Debt Service Funds are used to account for financial resources that are restricted, committed or assigned to expenditures for principal and interest on general long-term debt of the City of Glendale. 325 of 636
DEBT SERVICE FUND
3031 - Police Building 2019 Lease Revenue Refunding Bonds Fund - To accumulate monies for the payment of interest and principal of the 2019 lease revenue refunding bonds. The debt service is financed via lease payments from the City to the Municipal Financing Authority.
153
326 of 636
This page is left blank intentionally.
154
327 of 636
Exhibit I-1
Police Building 2019
Lease Revenue
Refunding Bonds Fund
3031
ASSETS
Pooled cash and investments 11,549 $
Total assets 11,549
LIABILITIES
Total liabilities -
FUND BALANCES (DEFICITS)
Committed
Debt service 11,549
Total liabilities and fund balances (deficits) 11,549 $
CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Debt Service Funds
June 30, 2022
(amounts expressed in thousands)
155
328 of 636
Exhibit I-2
Police Building 2019
Lease Revenue
Refunding Bonds Fund
3031
REVENUES
Use of money and property 170 $
Total revenues 170
EXPENDITURES
Current:
Police 5
Debt service:
Principal retirement 1,930
Interest 1,063
Total expenditures 2,998
Excess (deficiency) of revenues over expenditures (2,828)
OTHER FINANCING SOURCES (USES)
Transfers in 1,500
Total other financing sources (uses) 1,500
Net change in fund balances (1,328)
Fund balances - beginning 12,877
Fund balances - ending 11,549 $
CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Debt Service Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
156
329 of 636
Exhibit I-3
Original Final Actual
Variance with
Final Budget
Police Building 2019 Lease Revenue
Refunding Bonds Fund:
3031
REVENUES
Use of money and property 157 $ 157 $ 170 $ 13 $ Total revenues 157 157 170 13
EXPENDITURES
Current:
Police 5 5 5 - Debt service:
Principal retirement 1,930 1,930 1,930 - Interest 1,063 1,063 1,063 - Total expenditures 2,998 2,998 2,998 -
OTHER FINANCING SOURCES (USES)
Transfers in 1,500 1,500 1,500 - Total other financing sources (uses) 1,500 $ 1,500 $ 1,500 $ - $ Budgeted Amounts
CITY OF GLENDALE
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Nonmajor Debt Service Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
157
330 of 636
This page is left blank intentionally.
158
331 of 636
CAPITAL PROJECTS FUNDS
Capital Projects Funds are used to account for financial resources that are restricted, committed, or assigned to expenditures for capital outlays of major capital facilities other than those financed by Proprietary Funds. 332 of 636
CAPITAL PROJECTS FUNDS
4020 - State Gas Tax Fund - To account for monies received and expended from state gas tax allocations and Senate Bill 1 for street improvement purposes.
4030 - Landfill Postclosure Fund - To a ccount for monies reserved for the post-closure maintenance cost of Scholl Canyon landfill.
4050 - Parks Mitigation Fee Fund - To account for the par ks revenue collected as impact fees and usage of these funds for allowed projects. In addition, this fund will also be used to guarantee adequate interest accumulation and disbursements of unused funds.
4070 - Library Mitigation Fee Fund - To account for the library revenue collected as impact fees and usage of these funds for allowed projects. In addition, this fund will also be used to guarantee adequate interest accumulation and disbursement of unused funds.
4080 - Parks Quimby Fee Fund - To account for the fees imposed for park or recreational purposes as a condition to the approval of a tentative map or parcel map and usage of these funds for allowed projects. In addition, this fund will also be used to guarantee adequate interest accumulation and disbursements of unused funds.
4090 - CIP Reimbursement Fund - To account for monies re ceived and expended for CIP projects that are funded by non-City money, such as grants and joint ventures.
4100 - SF Corridor Tax Share Fund - C ounty of Los Angeles' contribution (passback) to City of Glendale of 60% of County’s share of tax increment (pass through) funds from the San Fernando Road Corridor Redevelopment Project Area to be used by the City to construct regional public improvement projects benefiting the County.
4110 - Housing Development Impact Fee - To account for fees imposed on new commercial developments to mitigate the cost of developing new affordable housing, and rehabilitating existing housing and/or performing adaptive re-use projects for affordable housing.
4120 - 2011 TABs Projects Fund - To account for capital improvement project expenses funded by the Glendale Successor Agency 2011 Tax Allocation Bonds (non-housing portion).
4130 - Measure A F und – To account for grant revenue received from Los Angeles County Regional Park and Open Space District (RPOSD) and expenditures on projects that repair and upgrade parks and recreational facilities; create new parks; preserve and protect open spaces and beaches; and support recreational programming. (Not shown in the exhibits because the Fund has no transactions yet).
159
333 of 636
This page is left blank intentionally.
160
334 of 636
Exhibit J-1
State Gas Tax
Fund
Landfill
Postclosure
Fund
Parks
Mitigation Fee
Fund
Library
Mitigation Fee
Fund
Parks Quimby
Fee Fund
4020 4030 4050 4070 4080
ASSETS
Pooled cash and investments 16,278$ -$ 27,502$ 1,272$ 547$ Restricted cash and investments - 52,763 - - -
Accounts receivable, net 1,044 - - - -
Interest receivable 80 - 140 7 3
Total assets 17,402 52,763 27,642 1,279 550
LIABILITIES
Accounts payable 240 - - 16 -
Due to other funds - - - - -
Unearned revenues - - - - -
Wages and benefits payable 25 - - - -
Total liabilities 265 - - 16 -
DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - - - -
Total liabilities and deferred inflows of
resources 265 - - 16 -
FUND BALANCES (DEFICITS
)
Nonspendable
Restricted
Capital projects - - - - -
Impact fee funded projects - - 27,642 1,263 550 Landfill postclosure - 52,763 - - -
State gas tax mandates 17,137 - - - -
Committed
Capital projects - - - - -
Unassigned - - - - -
Total fund balances (deficits) 17,137 52,763 27,642 1,263 550 Total liabilities, deferred inflow of
resources and fund balances (deficits) 17,402$ 52,763$ 27,642$ 1,279$ 550$
CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Capital Projects Funds
June 30, 2022
(amounts expressed in thousands)
(Continued)
161
335 of 636
Exhibit J-1
ASSETS
Pooled cash and investments
Restricted cash and investments
Accounts receivable, net
Interest receivable
Total assets
LIABILITIES
Accounts payable
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities
DEFERRED INFLOWS OF RESOURCES
Unavailable revenues
Total liabilities and deferred inflows of
resources
FUND BALANCES (DEFICITS
)
Nonspendable
Restricted
Capital projects
Impact fee funded projects
Landfill postclosure
State gas tax mandates
Committed
Capital projects
Unassigned
Total fund balances (deficits)
Total liabilities, deferred inflow of
resources and fund balances (deficits)
CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Capital Projects Funds
June 30, 2022
(amounts expressed in thousands)
CIP
Reimbursement
Fund
SF Corridor
Tax Share
Fund
Housing
Development
Impact Fee
2011 TABs
Project Fund
4090 4100 4110 4120
-$ 65,168$ 258 $ 2,152$ 113,177$ - - - - 52,763 1,551 - - - 2,595 - - - - 230 1,551 65,168 258 2,152 168,765 409 - - - 665 1,140 - - - 1,140 1 - - - 1 1 - - - 26 1,551 - - - 1,832 1,201 - - - 1,201 2,752 - - - 3,033 - 65,168 - - 65,168 -
- 258 - 29,713 - - - - 52,763 - - - - 17,137 - - - 2,152 2,152 (1,201) - - - (1,201) (1,201) 65,168 258 2,152 165,732 1,551$ 65,168$ 258$ 2,152$ 168,765$ Total
Nonmajor
Capital
Projects
162
336 of 636
Exhibit J-2
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
State Gas
Tax Fund
Landfill
Postclosure
Fund
Parks
Mitigation
Fee Fund
Library
Mitigation
Fee Fund
Parks
Quimby Fee
Fund
4020 4030 4050 4070 4080
REVENUES
Revenue from other agencies 8,805 $ - $ - $ - $ - $ Licenses and permits - - 1,679 161 (5) Charges for services - - - - -
Miscellaneous revenue -----
Use of money and property (676) 672 (1,269) (73) (26) Total revenues 8,129 672 410 88 (31)
EXPENDITURES
Current:
Public works 1,941 - - - -
Housing, health and community development - - - - - Parks, recreation and community services - - 110 - - Library - - - 314 -
Capital outlay 3,553 - 601 260 - Total expenditures 5,494 - 711 574 - Excess (deficiency) of revenues over
(under) expenditures 2,635 672 (301) (486) (31)
OTHER FINANCING SOURCES (USES)
Transfers in - 3,906 - - -
Total other financing sources (uses) -
3,906 - - -
Net change in fund balances 2,635 4,578 (301) (486) (31) Fund balances - beginning 14,502 48,185 27,943 1,749 581 Fund balances - ending 17,137$ 52,763$ 27,642$ 1,263$ 550$
CITY OF GLENDALE
Nonmajor Capital Projects Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
(Continued)
163
337 of 636
Exhibit J-2
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
REVENUES
Revenue from other agencies
Licenses and permits
Charges for services
Miscellaneous revenue
Use of money and property
Total revenues
EXPENDITURES
Current:
Public works
Housing, health and community development
Parks, recreation and community services
Library
Capital outlay
Total expenditures
Excess (deficiency) of revenues over
(under) expenditures
OTHER FINANCING SOURCES (USES)
Transfers in
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
CITY OF GLENDALE
Nonmajor Capital Projects Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
CIP
Reimbursement
Fund
SF Corridor
Tax Share
Fund
Housing
Development
Impact Fee
2011 TABs
Project Fund
4090 4100 4110 4120
4,665$ 5,944 $ - $ - $ 19,414$ - - - - 1,835 - - 258 - 258 --- 7 4 74
- 773 - 27 (572) 4,665 6,717 258 101 21,009 117 5 - - 2,063 97 - - - 97 - - - - 110 - - - - 314 2,801 - - - 7,215 3,015 5 - - 9,799
1,650 6,712 258 101 11,210 60 - - - 3,966 60 - - - 3,966 1,710 6,712 258 101 15,176 (2,911) 58,456 - 2,051 150,556 (1,201)$ 65,168$ 258$ 2,152$ 165,732$ Total
Nonmajor
Capital
Projects
164
338 of 636
NONMAJOR ENTERPRISE FUNDS
This section of the Annual Comprehensive Financial Report provides information on each individual enterprise fund, except for those major enterprise funds reported in the basic financial statements: Sewer Fund, Electric Fund and Water Fund. Nonmajor enterprise funds are used to account for operations that provide goods or services to the general public that are financed primarily by a user charge or where the periodic measurement of net income is deemed appropriate.
339 of 636
NONMAJOR ENTERPRISE FUNDS
5300 - Refuse Disposal Fund - To account for operations of the City-owned refuse collection and disposal service.
5400 - Fiber Optic Fund - To account for the design and construction of the City-ow ned fiber-optic network backbone.
5800 - Fire Communication Fund - To account for monies received and expended, as the lead city, for the tri-city (Burbank, Glendale and Pasadena) Verdugo Fire Communication operations.
165
340 of 636
This page is left blank intentionally.
166
341 of 636
Exhibit K-1
Refuse
Disposal Fund
Fiber Optic
Fund
Fire
Communication
Fund
5300 5400 5800
ASSETS
Current assets:
Pooled cash and investments 24,474 $ 297 $ 6,655 $ 31,426 $ Accounts receivable, net 6,721 19 - 6,740 Interest receivable 120 1 34 155 Total current assets 31,315 317 6,689 38,321 Noncurrent assets:
Capital assets, net 10,724 - 2,658 13,382 Capital assets, not being depreciated 1,639 - 27 1,666 Total noncurrent assets 12,363 - 2,685 15,048 Total assets 43,678 317 9,374 53,369
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources related to pensions 1,812 - 638 2,450 Total assets and deferred outflows of
resources 45,490 317 10,012 55,819
LIABILITIES
Current liabilities:
Accounts payable 1,972 - 78 2,050 Deposits 107 - - 107 Wages and benefits payable 268 2 120 390 Total current liabilities 2,347 2 198 2,547 Noncurrent liabilities:
Net pension liability 10,003 - 1,156 11,159 Total liabilities 12,350 2 1,354 13,706
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to pensions 4,077 - 2,084 6,161 Total liabilities and deferred inflows of
resources 16,427 2 3,438 19,867
NET POSITION
Net investment in capital assets 10,817 - 2,684 13,501 Unrestricted 18,246 315 3,890 22,451 Total net position 29,063$ 315$ 6,574$ 35,952$
CITY OF GLENDALE
Combining Statement of Net Position
Nonmajor Enterprise Funds
June 30, 2022
(amounts expressed in thousands)
Total Nonmajor
Enterprise
Funds
167
342 of 636
Exhibit K-2
Combining Statement of Revenues,
Expenditures, and Changes in Net Position
Refuse
Disposal Fund
Fiber Optic
Fund
Fire
Communication
Fund
5300 5400 5800
OPERATING REVENUES
Charges for services 15,805$ 236$ 4,956$ 20,997$ Miscellaneous revenue 3,043 - 19 3,062 Total operating revenues 18,848 236 4,975 24,059
OPERATING EXPENSES
Maintenance and operation 18,794 99 4,158 23,051 Amortization - - 118 118 Depreciation 1,686 - 555 2,241 Total operating expenses 20,480 99 4,831 25,410 Operating income (loss) (1,632) 137 144 (1,351)
NONOPERATING REVENUES (EXPENSES)
Intergovernmental grants 394 - - 394 Use of money and property 474 (12) (313) 149 Total nonoperating revenues (expenses) 868 (12) (313) 543 Income (loss) before transfers (764) 125 (169) (808) Transfers out (479) - - (479) Change in net position (1,243) 125 (169) (1,287) Total net position - beginning 30,306 190 6,743 37,239 Total net position - ending 29,063$ 315$ 6,574$ 35,952$
CITY OF GLENDALE
Nonmajor Enterprise funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Total Nonmajor
Enterprise
Funds
168
343 of 636
Exhibit K-3
Refuse
Disposal
Fund
Fiber Optic
Fund
Fire
Communication
Fund
5300 5400 5800
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers 15,622 $ 217 $ 4,974 $ 20,813 $ Payments to employees (8,579) (56) (3,679) (12,314) Payments to suppliers (11,228) (5) (1,218) (12,451) Operating grants received 394 - - 394 Net cash provided (used) by operating activities (3,791) 156 77 (3,558)
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Transfers in (out), net (479) - - (479) Net cash provided (used) by noncapital financing activities (479) - - (479)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES
Acquisition of capital assets (2,984) - (27) (3,011) Proceeds from sales of capital assets 1,657 - - 1,657 Net cash provided (used) by capital and related financing activities (1,327) - (27) (1,354)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 365 2 88 455 Decrease in fair value of investments (1,552) (15) (409) (1,976) Net cash provided (used) by investing activities (1,187) (13) (321) (1,521) Net increase (decrease) in cash and cash equivalents (6,784) 143 (271) (6,912) Balances - beginning of year 31,258 154 6,926 38,338 Balances - end of the year 24,474 297 6,655 31,426 Reconciliation of operating income (loss) to net cash provided (used) by operating activities:
Operating Income (1,632) 137 144 (1,351) Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities:
Depreciation 1,686 - 555 2,241 Amortization - - 118 118 Operating grants received 394 - - 394 (Increase) Decrease Accounts receivable, net (2,576) (19) - (2,595) (Increase) Decrease Deferred outflows from pension 31 60 83 174 Increase (Decrease) Accrued wages payable (295) (15) (124) (434) Increase (Decrease) Accounts payable 608 - 72 680 Increase (Decrease) Deposits (47) - - (47) Increase (Decrease) Deferred inflows from pension 4,066 - 2,081 6,147 Increase (Decrease) Net pension liability (6,026) (7) (2,852) (8,885) Net cash provided (used) by operating activities (3,791) $ 156 $ 77 $ (3,558)$
CITY OF GLENDALE
Statement of Cash Flows
Nonmajor Enterprise Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Total
Nonmajor
Enterprise
Funds
169
344 of 636
This page is left blank intentionally.
170
345 of 636
INTERNAL SERVICE FUNDS
This section of the Annual Comprehensive Financial Report provides information on each individual internal service fund. Internal service funds are used by the City to centralize certain services and then allocate the cost of those services to the user departments on a cost reimbursement basis. User fund charges from internal service funds with capital assets typically consist of two components: a maintenance/service component and a capital replacement component. User fund charges from self- insurance internal service funds generally are based on claims experience of the user department.
346 of 636
INTERNAL SERVICE FUNDS
6010 - Fleet Management Fund - To account for fleet replacement resources which are derived from periodic charges to governmental operations to ensure timely replacement of fleet.
6020 - Joint Air Support Fund - To account for resources and expenses for the operation of the Joint Law Enforcement Air Support Unit between City of Glendale and City of Burbank.
6030 - ITD Infrastructure Fund - To account for technol ogical equipment replacement resources which are derived from periodic charges to governmental operations to ensure timely replacement of the technological equipment.
6040 - ITD Applications Fund - To account for major IT D Applications resources which are derived from periodic charges to governmental operations to ensure timely replacement of the major application software.
6070 - Building Maintenance Fund - To account for maintenance, repairs or services necessary to sustain facility operations at approximately one hundred City owned facilities.
6100 - Unemployment Insurance Fund - To finance and acc ount for unemployment claims. Resources are derived from unemployment insurance charges to various City operations. Unemployment claims are reimbursed to the State Employment Department which disburses the unemployment claims.
6120 - Liability Insurance Fund - To account for financi ng and disbursement of City self-insurance funds for uninsurable litigation activities, general liability and auto liability claims. Charges, in lieu of insurance premiums, are made periodically to City operations to provide the self-insurance resources.
6140 - Compensation Insurance Fund - To finance and acc ount for the City's workers' compensation claims.
Funding is derived from charges in lieu of actual premiums to various City operations to provide the self-insurance resources.
6150 - Dental Insurance Fund - To finance and account for the City's dental insurance program for its employees.
Funding is derived from charges in lieu of actual premiums to various City operations to provide the self-insurance resources.
6160 - Medical Insurance Fund - To finance and account for th e City's medical insurance program for its employees.
Funding is derived from charges in lieu of actual premiums to various City operations to provide the self-insurance resources.
6170 - Vision Insurance Fund - To finance and account for th e City's vision insurance program for its employees.
Funding is derived from charges in lieu of actual premiums to various City operations to provide the self-insurance resources.
6400 - Employee Benefits Fund - To account for the resources and the liability for employees’ compensated absences (vacation and comp time).
6410 - Retiree Health Savings Plan (RHSP) Benefits F und - To account for the resources and the liability for employees’ sick leave conversion under RHSP plan.
6420 - Post Employment Benefits Fund - To account for th e resources and the liability for all the benefits provided after the employees’ separation from the City.
6600 - Wireless Fund - To account for the operation of the citywide radio system, including maintenance, replacement and acquisition of equipment.
171
347 of 636
This page is left blank intentionally.
172
348 of 636
Exhibit L-1
CITY OF GLENDALE
Combining Statement of Net Position
Internal Service Funds
June 30, 2022
(amounts expressed in thousands)
Fleet
Management
Fund
Joint Air Support
Fund
ITD Infrastructure
Fund
ITD Applications
Fund
6010 6020 6030 6040
ASSETS
Current assets:
Pooled cash and investments - $ 5,480$ 1,753$ 5,294$ Accounts receivable, net 129 140 - 10
Interest receivable 1 27 10 26
Inventories 606 - - -
Prepaid items 1,497 - - -
Total current assets 2,233 5,647 1,763 5,330
Noncurrent assets:
Capital assets, net 17,306 1,092 3,568 4,738
Capital assets, not being depreciated - - 67 2,222
Lease assets, net - - - -
Total noncurrent assets 17,306 1,092 3,635 6,960
Total assets 19,539 6,739 5,398 12,290
LIABILITIES
Current liabilities:
Accounts payable 441 118 603 891
Claims payable - - - -
Compensated absences - - - -
Due to other funds 55 - - -
Leases payable - - - -
Wages and benefits payable 163 6 129 96
Tot
al current liabilities 659 124 732 987
Noncurrent liabilities:
Claims payable - - - -
Compensated absences - - - -
Leases payable - - - -
Total noncurrent liabilities - - - -
Total liabilities 659 124 732 987
NET POSITION
Net investment in capital assets 17,285 1,092 3,508 6,164 Unrestricted 1,595 5,523 1,158 5,139
Total net position 18,880$ 6,615$ 4,666$ 11,303$ (Continued)
173
349 of 636
Exhibit L-1
CITY OF GLENDALE
Combining Statement of Net Position
Internal Service Funds
June 30, 2022
(amounts expressed in thousands)
ASSETS
Current assets:
Pooled cash and investments
Accounts receivable, net
Interest receivable
Inventories
Prepaid items
Total current assets
Noncurrent assets:
Capital assets, net
Capital assets, not being depreciated
Lease assets, net
Total noncurrent assets
Total assets
LIABILITIES
Current liabilities:
Accounts payable
Claims payable
Compensated absences
Due to other funds
Leases payable
Wages and benefits payable
Total current liabilities
Noncurrent liabilities:
Claims payable
Compensated absences
Leases payable
Total noncurrent liabilities
Total liabilities
NET POSITION
Net investment in capital assets
Unrestricted
Total net position
Building
Maintenance
Fund
Unemployment
Insurance Fund
Liability
Insurance Fund
Compensation
Insurance Fund
6070 6100 6120 6140
2,305$ 81$ 19,189$ 51,263$ - 12 302 620 12 - 97 259 - - - - - - - - 2,317 93 19,588 52,142 33 - 12 - - - - - - - - - 33 - 12 - 2,350 93 19,600 52,142 426 16 172 5 - - 4,519 7,933 - - - - - - - - - - - - 126 - 11 223 552 16 4,702 8,161 - - 13,107 53,835 - - - - - - - - - - 13,107 53,835 552 16 17,809 61,996 33 - 12 - 1,765 77 1,779 ( 9,854)
1,798$ 77$ 1,791$ (9,854)$ (Continued)
174
350 of 636
Exhibit L-1
CITY OF GLENDALE
Combining Statement of Net Position
Internal Service Funds
June 30, 2022
(amounts expressed in thousands)
ASSETS
Current assets:
Pooled cash and investments
Accounts receivable, net
Interest receivable
Inventories
Prepaid items
Total current assets
Noncurrent assets:
Capital assets, net
Capital assets, not being depreciated
Lease assets, net
Total noncurrent assets
Total assets
LIABILITIES
Current liabilities:
Accounts payable
Claims payable
Compensated absences
Due to other funds
Leases payable
Wages and benefits payable
Total current liabilities
Noncurrent liabilities:
Claims payable
Compensated absences
Leases payable
Total noncurrent liabilities
Total liabilities
NET POSITION
Net investment in capital assets
Unrestricted
Total net position
Dental Insurance
Fund
Medical
Insurance Fund
Vision Insurance
Fund
Employee
Benefits Fund
6150 6160 6170 6400
566$ 1,461 $ 295 $ 16,949 $ - - - 52 3 7 2 87 - - - - - 503 - - 569 1,971 297 17,088 - - - - - - - - - - - - - - - - 569 1,971 297 17,088 189 2,164 15 - - 707 - - - - - 2,236 - - - - - - - - - - - 62 189 2,871 15 2,298 - - - - - - - 16,535 - - - - - - - 16,535 189 2,871 15 18,833 - - - - 380 (
900) 282 (1,745)
380$ (900)$ 282$ (1,745)$ (Continued)
175
351 of 636
Exhibit L-1
CITY OF GLENDALE
Combining Statement of Net Position
Internal Service Funds
June 30, 2022
(amounts expressed in thousands)
ASSETS
Current assets:
Pooled cash and investments
Accounts receivable, net
Interest receivable
Inventories
Prepaid items
Total current assets
Noncurrent assets:
Capital assets, net
Capital assets, not being depreciated
Lease assets, net
Total noncurrent assets
Total assets
LIABILITIES
Current liabilities:
Accounts payable
Claims payable
Compensated absences
Due to other funds
Leases payable
Wages and benefits payable
Total current liabilities
Noncurrent liabilities:
Claims payable
Compensated absences
Leases payable
Total noncurrent liabilities
Total liabilities
NET POSITION
Net investment in capital assets
Unrestricted
Total net position
Retiree Health
Savings Plan
(RHSP) Benefits
Fund
Post Employment
Benefits Fund Wireless Fund
6410 6420 6600
18,120$ 62$ 2,706$ 125,524$ 25 27 - 1,317 93 - 10 634 - - - 606 - - - 2,000 18,238 89 2,716 130,081 - - 6,581 33,330 - - 1 2,290 - - 585 585 - - 7,167 36,205 18,238 89 9,883 166,286 - 25 106 5,171 - - - 13,159 1,117 - - 3,353 - -
- 55
- - 41 41 4 - 46 866 1,121 25 193 22,645 - - - 66,942 12,114 - - 28,649 - - 557 557 12,114 - 557 96,148 13,235 25 750 118,793 - - 6,569 34,663 5,003 64 2,564 12,830 5,003$ 64$ 9,133$ 47,493$ Total Internal
Service Funds
176
352 of 636
Combining Statement of Revenues,
Expeditures, and Changes in Net Position
Fleet
Management
Fund
Joint Air
Support Fund
ITD
Infrastructure
Fund
ITD
Applications
Fund
6010 6020 6030 6040
OPERATING REVENUES
Charges for services 10,403$ 1,362$ 10,160$ 6,437$ Miscellaneous revenue 6 - 9 7
Total operating revenues 10,409 1,362 10,169 6,444
OPERATING EXPENSES
Claims and settlement - - - -
Maintenance and operation 10,959 872 9,596 7,950 Amortization - - 44 737
Depreciation 3,606 103 985 142
Total operating expenses 14,565 975 10,625 8,829 Operating income (loss) (4,156) 387 (456) (2,385)
NONOPERATING REVENUES (EXPENSES)
Capital grants - - - -
Use of money and property 73 (234) (85) (274)
Interest expense - - - -
Total nonoperating revenues (expenses) 73 (234) (85) (274) Income (loss) (4,083) 153 (541) (2,659)
Change in net position (4,083) 153 (541) (2,659) Total net position - beginning 22,963 6,462 5,207 13,962 Total net position - ending 18,880$ 6,615$ 4,666$ 11,303$ Exhibit L-2
CITY OF GLENDALE
Internal Service Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
(Continued)
177
353 of 636
Combining Statement of Revenues,
Expeditures, and Changes in Net Position
OPERATING REVENUES
Charges for services
Miscellaneous revenue
Total operating revenues
OPERATING EXPENSES
Claims and settlement
Maintenance and operation
Amortization
Depreciation
Total operating expenses
Operating income (loss)
NONOPERATING REVENUES (EXPENSES
)
Capital grants
Use of money and property
Interest expense
Total nonoperating revenues (expenses)
Income (loss)
Change in net position
Total net position - beginning
Total net position - ending
Exhibit L-2
CITY OF GLENDALE
Internal Service Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Building
Maintenance
Fund
Unemployment
Insurance Fund
Liability
Insurance Fund
Compensation
Insurance Fund
6070 6100 6120 6140
8,503$ 353$ 9,223$ 18,283$ - - 4 - 8,503 353 9,227 18,283 - 92 6,456 16,825 7,950 10 1,889 4,293 - - - - 5 - 3 - 7,955 102 8,348 21,118 548 251 879 (2,835) - - - - (105) 1 (917) (2,299) - - - - (105) 1 (917) (2,299) 443 252 (38) (5,134) 443 252 (38) (5,134) 1,355 (175) 1,829 (4,720) 1,798$ 77$
1,791$ (9,854)$
(Continued)
178
354 of 636
Combining Statement of Revenues,
Expeditures, and Changes in Net Position
OPERATING REVENUES
Charges for services
Miscellaneous revenue
Total operating revenues
OPERATING EXPENSES
Claims and settlement
Maintenance and operation
Amortization
Depreciation
Total operating expenses
Operating income (loss)
NONOPERATING REVENUES (EXPENSES
)
Capital grants
Use of money and property
Interest expense
Total nonoperating revenues (expenses)
Income (loss)
Change in net position
Total net position - beginning
Total net position - ending
Exhibit L-2
CITY OF GLENDALE
Internal Service Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Dental
Insurance Fund
Medical
Insurance Fund
Vision
Insurance Fund
Employee
Benefits Fund
6150 6160 6170 6400
1,158$ 23,367$ 191$ 4,341$ - 52 - - 1,158 23,419 191 4,341 1,229 25,282 186 5,491 70 1,265 18 51 - - - - - - - - 1,299 26,547 204 5,542 (141) (3,128) (13) (1,201) - - - - (26) (117) (14) (816) - - - - (26) (117) (14) (816) (167) (3,245) (27) (2,017) (167) (3,245) (27) (2,017) 547 2,345 309 272 380$ (900)$
282$ (1,745)$
(Continued)
179
355 of 636
Combining Statement of Revenues,
Expeditures, and Changes in Net Position
OPERATING REVENUES
Charges for services
Miscellaneous revenue
Total operating revenues
OPERATING EXPENSES
Claims and settlement
Maintenance and operation
Amortization
Depreciation
Total operating expenses
Operating income (loss)
NONOPERATING REVENUES (EXPENSES
)
Capital grants
Use of money and property
Interest expense
Total nonoperating revenues (expenses)
Income (loss)
Change in net position
Total net position - beginning
Total net position - ending
Exhibit L-2
CITY OF GLENDALE
Internal Service Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Retiree Health
Savings Plan
(RHSP)
Benefits Fund
Post
Employment
Benefits Fund Wireless Fund
6410 6420 6600
768$ 792 $ 4,946 $ 100,287 $ 460 - 55 593 1,228 792 5,001 100,880 (347) 773 - 55,987 20 24 4,399 49,366 - - - 781 - - 1,757 6,601 (327) 797 6,156 112,735 1,555 (5) (1,155) (11,855) - - 500 500 (849) (3) (88) (5,753) - - (8) (8) (849) (3) 404 (5,261) 706 (8) (751) (17,116) 706 (8) (751) (17,116) 4,297 72 9,884 64,609 5,003$ 64$ 9,133$
47,493$
Total Internal
Service Funds
180
356 of 636
Fleet
Management
Fund
Joint Air
Support Fund
ITD
Infrastructure
Fund
ITD
Applications
Fund
6010 6020 6030 6040
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers 10,296 $ 1,451 $ 10,169 $ 6,433 $ Payments to employees (5,189) (168) (3,894) (2,731) Payments to suppliers (7,649) (605) (5,642) (4,575) Net cash provided (used) by operating activities (2,542) 678 633 (873)
CASH FLOWS FROM NONCAPITAL FINANCING
ACTIVITIES
Lease revenue received - - - -
Amounts received from (paid to) other funds 55 - - - Net cash provided (used) by noncapital financing
activities 55 - - -
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Lease payments - - - -
Acquisition of capital assets (1,285) - (527) (1,468) Capital grants received - - - -
Proceeds from sales of capital assets 144 - - -
Net cash provided (used) by capital and related
financing activities (1,141) - (527) (1,468)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 17 66 23 87
Decrease in fair value of investments (74) (309) (111) (357) Net cash provided (used) by investing activities (57) (243) (88) (270) Net increase (decrease) in cash and cash
equivalents (3,685) 435 18 (2,611)
Balances - beginning of year 3,685 5,045 1,735 7,905 Balances - end of the year - 5,480
1,753 5,294
Reconciliation of operating income (loss) to net
cash provided (used) by operating activities:
Operating Income (4,156) 387 (456) (2,385) Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Depreciation 3,606 103 985 142
Amortization - - 44 737
(Increase) Decrease Accounts receivable, net (113) 89 - (10) (Increase) Decrease Inventories (153) - - -
(Increase) Decrease Prepaid expenses (1,497) - - - Increase (Decrease) Accrued wages payable (173) (5) (105) (87) Increase (Decrease) Compensated absences - - - -
Increase (Decrease) Accounts payable (56) 104 165 730 Increase (Decrease) Claims payable - - - -
Net cash provided (used) by operating activities (2,542)$ 678$ 633$ (873)$ Exhibit L-3
CITY OF GLENDALE
Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
(Continued)
181
357 of 636
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers
Payments to employees
Payments to suppliers
Net cash provided (used) by operating activities
CASH FLOWS FROM NONCAPITAL FINANCING
ACTIVITIES
Lease revenue received
Amounts received from (paid to) other funds
Net cash provided (used) by noncapital financing
activities
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Lease payments
Acquisition of capital assets
Capital grants received
Proceeds from sales of capital assets
Net cash provided (used) by capital and related
financing activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
Decrease in fair value of investments
Net cash provided (used) by investing activities
Net increase (decrease) in cash and cash
equivalents
Balances - beginning of year
Balances - end of the year
Reconciliation of operating income (loss) to net
cash provided (used) by operating activities:
Operating Income
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Depreciation
Amortization
(Increase) Decrease Accounts receivable, net
(Increase) Decrease Inventories
(Increase) Decrease Prepaid expenses
Increase (Decrease) Accrued wages payable
Increase (Decrease) Compensated absences
Increase (Decrease) Accounts payable
Increase (Decrease) Claims payable
Net cash provided (used) by operating activities
Exhibit L-3
CITY OF GLENDALE
Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Building
Maintenance
Fund
Unemployment
Insurance
Fund
Liability
Insurance
Fund
Compensation
Insurance
Fund
6070 6100 6120 6140
8,506$ 347 $ 9,360 $ 18,849 $ (3,613) - (378) (2,599) (4,384) (103) (10,414) (11,435) 509 244 (1,432) 4,815 - - - - - (164) - - - (164) - - - - - - - - - - - - - - - - - - - - - - 26 1
252 660
(136) - (1,187) (3,038) (110) 1 (935) (2,378) 399 81 (2,367) 2,437 1,906 - 21,556 48,826 2,305 81 19,189 51,263 548 251 879 (2,835) 5 - 3 - - - - - 4 (6) 134 567 - - - - - - - - (100) - (10) (88) - - - - 52 (1) 51 (17) - - (2,489) 7,188 509$ 244$ (1,432)$ 4,815$ (Continued)
182
358 of 636
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers
Payments to employees
Payments to suppliers
Net cash provided (used) by operating activities
CASH FLOWS FROM NONCAPITAL FINANCING
ACTIVITIES
Lease revenue received
Amounts received from (paid to) other funds
Net cash provided (used) by noncapital financing
activities
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Lease payments
Acquisition of capital assets
Capital grants received
Proceeds from sales of capital assets
Net cash provided (used) by capital and related
financing activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
Decrease in fair value of investments
Net cash provided (used) by investing activities
Net increase (decrease) in cash and cash
equivalents
Balances - beginning of year
Balances - end of the year
Reconciliation of operating income (loss) to net
cash provided (used) by operating activities:
Operating Income
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Depreciation
Amortization
(Increase) Decrease Accounts receivable, net
(Increase) Decrease Inventories
(Increase) Decrease Prepaid expenses
Increase (Decrease) Accrued wages payable
Increase (Decrease) Compensated absences
Increase (Decrease) Accounts payable
Increase (Decrease) Claims payable
Net cash provided (used) by operating activities
Exhibit L-3
CITY OF GLENDALE
Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Dental
Insurance
Fund
Medical
Insurance
Fund
Vision
Insurance
Fund
Employee
Benefits Fund
6150 6160 6170 6400
1,200$ 24,336 $ 200 $ 4,398 $ - - - (5,861) (1,208) (25,215) (203) (25) (8) (879) (3) (1,488) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 8 19
5 233
(34) (129) (19) (1,064) (26) (110) (14) (831) (34) (989) (17) (2,319) 600 2,450 312 19,268 566 1,461 295 16,949 (141) (3,128) (13) (1,201) - - - - - - - - 42 918 9 56 - - - - - - - - - - - (255) - - - (88) 91 1,394 1 - - (63) - - (8)$ (879)$ (3)$ (1,488)$ (Continued)
183
359 of 636
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers
Payments to employees
Payments to suppliers
Net cash provided (used) by operating activities
CASH FLOWS FROM NONCAPITAL FINANCING
ACTIVITIES
Lease revenue received
Amounts received from (paid to) other funds
Net cash provided (used) by noncapital financing
activities
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Lease payments
Acquisition of capital assets
Capital grants received
Proceeds from sales of capital assets
Net cash provided (used) by capital and related
financing activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
Decrease in fair value of investments
Net cash provided (used) by investing activities
Net increase (decrease) in cash and cash
equivalents
Balances - beginning of year
Balances - end of the year
Reconciliation of operating income (loss) to net
cash provided (used) by operating activities:
Operating Income
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Depreciation
Amortization
(Increase) Decrease Accounts receivable, net
(Increase) Decrease Inventories
(Increase) Decrease Prepaid expenses
Increase (Decrease) Accrued wages payable
Increase (Decrease) Compensated absences
Increase (Decrease) Accounts payable
Increase (Decrease) Claims payable
Net cash provided (used) by operating activities
Exhibit L-3
CITY OF GLENDALE
Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
Retiree Health
Savings Plan
(RHSP)
Benefits Fund
Post
Employment
Benefits Fund Wireless Fund
6410 6420 6600
1,275$ 804 $ 5,001 $ 102,625 $ - - (1,196) (25,629) (1,559) (801) (4,417) (78,235) (284) 3 (612) (1,239) - - 34 34 - - - (109) - - 34 (75) - - (47) (47) - - (1,119) (4,399) - - 500 500 - - - 144 - - (666) (3,802) 243 1 36 1,677 (1,113)
(4) (153) (7,728)
(870) (3) (117) (6,051) (1,154) - (1,361) (11,167) 19,274 62 4,067 136,691 18,120 62 2,706 125,524 1,555 (5) (1,155) (11,855) - - 1,757 6,601 - - - 781 47 12 - 1,749 - - - (153) - - - (1,497) - - (34) (857) - - - (88) (1,886) (4) (1,180) (556) - - - 4,636 (284)$ 3$ (612)$ (1,239)$ Total Internal
Service Funds
184
360 of 636
CUSTODIAL FUNDS
This section of the Annual Comprehensive Financial Report provides information on custodial funds. Custodial funds are fiduciary activities that are not held in a trust or equivalent arrangement. 361 of 636
CUSTODIAL FUNDS
7020 - ICI System Fund - To account for monies re ceived and expended by the City under the Joint Powers Agreement for Interagency Communications Interoperability System Authority.
7030 - Unclaimed Evidence Fund - To account for monies seized by Police as evidence.
185
362 of 636
This page is left blank intentionally.
186
363 of 636
Exhibit M-1
ICI System Fund
Unclaimed
Evidence Fund
7020 & 8020 7030
ASSETS
Cash and investments 1,791 $ 1,871 $ 3,662 $ Prepaid items 55 - 55 Accounts receivable, net 3 - 3 Interest receivable 9 - 9 Capital assets, net 156 - 156 Capital assets, not being depreciated 2,795 - 2,795 Total assets 4,809 1,871 6,680
LIABILITIES
Accounts payable 55 - 55
NET POSITION
Restricted for:
ICI system 4,754 - 4,754 Unclaimed evidence - 1,871 1,871 Total net position 4,754 $ 1,871 $ 6,625 $ Total Custodial
Funds
CITY OF GLENDALE
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2022
(amounts expressed in thousands)
187
364 of 636
Exhibit M-2
ICI System
Fund
Unclaimed Evidence
Fund
7020 & 8020 7030
ADDITIONS
Charges for services 540 $ - $ 540 $ Interest income (79) 1 (78) Miscellaneous revenue 265 - 265 Unclaimed deposits - 476 476 Total additions 726 477 1,203
DEDUCTIONS
Depreciation 26 - 26 Operating expenses 526 - 526 Refunds - 544 544 Total deductions 552 544 1,096 Net increase (decrease) in fiduciary net position 174 (67) 107 Net Position - beginning of the year 4,580 1,938 6,518 Net Position - end of the year 4,754$ 1,871$ 6,625$ Total Custodial
Funds
CITY OF GLENDALE
Combining Statement of Changes in Fiduciary Net Position Custodial Funds
For the Year Ended June 30, 2022
(amounts expressed in thousands)
188
365 of 636
STATISTICAL SECTION (UNAUDITED)
The statistical section provides mostly trend data and nonfinancial information useful in assessing the City’s financial condition. Because of the special character of the data presented in the statistical section (i.e., data of prior years, nonfinancial data), the section does not fall within the scope of the independent audit.
• Financial Trends – These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time.
• Revenue Capacity – These schedules contain information to help the reader assess the City’s two most significant local revenue sources, the electric revenue and the property tax.
• Debt Capacity – These schedules present information to help the reader assess the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future.
• Demographic and Economic Information – These schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activities take place. • Operation Information – These schedules contain service and infrastructure data to help the reader understand how the information in the City’s financial report relates to the services the City provides and the activities it performs.
366 of 636
367 of 636
Schedule 1
CITY OF GLENDALE
Net Position by Component
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2022 2021 2020 2019 2018
Governmental activities:
Net investment in capital assets $ 958,053 966,347 967,835 932,188 926,357 Restricted 280,842 273,738 249,714 175,754 168,556 Unrestricted (220,516)
(1) (288,954) (1) (275,900) (1) (166,779) (1) (195,007) (1) Total governmental activities net position 1,018,379 951,131 941,649 941,163 899,906 Business-type activities:
Net investment in capital assets 367,455 378,683 387,699 387,043 401,010 Restricted 41,417 24,031 14,375 5,669 5,669 Unrestricted 304,882 314,559 325,832 320,351 288,494 Total business-type activities net position 713,754 717,273 727,906 713,063 695,173 Primary government:
Net investment in capital assets 1,325,508 1,345,030 1,355,534 1,319,231 1,327,367 Restricted 322,259 297,769 264,089 181,423 174,225 Unrestricted 84,366 25,605 49,932 153,572 93,487 Total primary government net position $ 1,732,133 1,668,404 1,669,555 1,654,226 1,595,079 2017 2016 2015 2014 2013
Governmental activities
Net investment in capital assets $ 922,498 888,998 882,741 829,862 816,785 Restricted 124,491 110,281 74,413 73,323 70,047 Unrestricted (162,510) (1) (153,423) (1) (315,057) (1) 47,188 62,419 Total governmental activities net position 884,479 845,856 642,097 950,373 949,251 Business-type activities:
Net investment in capital assets 409,287 422,656 437,125 484,467 516,774 Restricted 5,669 5,669 5,669 5,669 5,669 Unrestricted 263,001 222,463 159,220 210,397 159,224 Total business-type activities net position 677,957 650,788 602,014 700,533 681,667 Primary government:
Net investment in capital assets 1,331,785 1,311,654 1,319,866 1,314,329 1,333,559 Restricted 130,160 115,950 80,082 78,992 75,716 Unrestricted 100,491 69,040 (155,837) 257,585 221,643 Total primary government net position $ 1,562,436 1,496,644 1,244,111 1,650,906 1,630,918 Notes:
(1)
Source: City Finance Department
Not covered by independent auditors' report
From FY2015 to FY2022, the negative unrestricted net position for governmental activities was due to the recognition of net pension liability pursuant to GASB Statement No. 68.
Fiscal Year
Fiscal Year
189
368 of 636
Schedule 2
CITY OF GLENDALE
Changes in Net Position
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2022 2021 2020 2019 2018
Expenses
Governmental activities:
General government $ 16,143
22,663 26,490 24,272 33,037
Police 84,436 106,799 104,378 92,931 92,679 Fire 60,535 74,151 71,342 65,484 67,285 Public works 51,167 40,161 50,772 40,720 30,072 Transportation 22,083 20,582 8,539 15,863 13,196 Housing, health, and community development 67,287 69,016 62,815 57,379 44,349 Employment programs 5,983 7,303 8,129 7,550 5,848 Public service 5,159 7,433 6,175 6,190 5,999 Parks, recreation and community services 20,563 22,246 23,037 20,204 19,697 Library 12,105 12,956 13,955 12,650 12,485 Interest and fiscal charges 581 630 783 1,125 2,139 Total governmental activities expenses 346,042 383,940 376,415 344,368 326,786 Business-type activities:
Electric fund 227,985 224,764 211,615 202,232 188,573 Fiber optic fund 100 214 62 (1) - - Fire communications fund 5,003 5,102 5,183 4,286 4,126 Refuse disposal fund 20,998 26,781 24,526 21,566 20,844 Sewer fund 23,734 23,914 20,297 21,448 20,383 Water fund 49,279 54,271 52,596 49,750 48,458 Total business-type activities expenses 327,099 335,046 314,279 299,282 282,384 Total primary government expenses $ 673,141 718,986 690,694 643,650 609,170 (1)
Source: City Finance Department
Not covered by independent auditors' report
Fiscal Year
Effective FY2020, Fiber Optic fund was established to account for the design and construction of the City-owned fiber-optic network backbone.
(Continued)
190
369 of 636
Schedule 2
CITY OF GLENDALE
Changes in Net Position
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2022 2021 2020 2019 2018
Program Revenues
Governmental activities:
Charges for services:
General government $ 20,558
19,652 21,202 21,604 20,810
Police 2,209 1,828 2,130 2,185 1,487 Fire 10,855 9,571 11,032 9,313 9,672 Public works 21,062 15,351 19,851 31,712 29,117 Transportation - - - 6,874 7,115
Housing, health, and community development 11,211 8,237 9,198 1,253 177 Employment programs 2,531 2,416 2,435 2,330 1,691 Public service 6,812 6,888 7,117 - - Parks, recreation and community services 3,870 3,538 4,598 3,346 3,285 Library 468 783 563 118 138 Operating grants and contributions 100,480 96,665 79,793 58,580 55,448 Capital grants and contributions 13,223 16,030 21,322 17,458 9,447 Total governmental activities program revenues 193,279 180,959 179,241 154,773 138,387 Business-type activities:
Charges for services:
Electric fund 244,145 217,357 212,009 211,748 218,842 Fiber optic fund 236 231 229 - - Fire communications fund 4,956 4,899 4,354 4,225 3,984 Refuse disposal fund 15,805
22,833 23,415 22,727 22,417
Sewer fund 28,377 27,402 25,088 24,892 13,806 Water fund 54,671 53,543 47,964 48,726 50,771 Operating grants and contributions 7,662 51 196 200 72 Capital grants and contributions 2,401 - 62 8 12 Total business-type activities program revenues 358,253 326,316 313,317 312,526 309,904 Total primary government program revenues 551,532 507,275 492,558 467,299 448,291 Net (Expense) / Revenue
Governmental activities (152,763) (202,981) (197,174) (189,595) (188,399) Business-type activities 31,154 (8,730) (962) 13,244 27,520 Total primary government net expense $ (121,609) (211,711) (198,136) (176,351) (160,879) Source: City Finance Department
Not covered by independent auditors' report
Fiscal Year
(Continued)
191
370 of 636
Schedule 2
CITY OF GLENDALE
Changes in Net Position
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2022 2021 2020 2019 2018
General Revenues and Other Changes in Net Position
Governmental activities:
Taxes
Property taxes $ 72,115
71,738 65,169 62,323 58,445
Sales taxes 88,976 74,578 66,054 58,692 62,158 Utility users tax 26,943 26,114 26,455 26,655 27,805 Other taxes 17,997 12,274 14,172 22,563 21,784 Investment income (12,020) (1) 4,577 4,080 14,626 1,815 Other 5,328 1,391 2,227 14,831 15,748 Reinstatement of loans - - - 323 328 Transfers 20,672 18,653 19,503 20,172 21,312 Special items:
Transfer of bond proceeds from
Successor Agency - - - 10,667 - Transfer of capital assets from
Successor Agency
- - - - 2,744 Total governmental activities 220,011 209,325 197,660 230,852 212,139 Business-type activities:
Investment income (17,761) (1) 817 17,008 16,040 1,315 Other 6,760 19,071 15,101 8,778 9,693 Transfers (20,672) (18,653) (19,503) (20,172) (21,312) Total business-type activities (31,673) 1,235 12,606 4,646 (10,304) Total primary government 188,338 210,560 210,266 235,498 201,835 Change in net position
Governmental activities 67,248 6,344 486 41,257 23,740 Business-type activities (519) (7,495) 11,644 17,890 17,216 Total primary government $ 66,729 (1,151) 12,130 59,147 40,956 Notes:
(1)
Source: City Finance Department
Not covered by independent auditors' report
Fiscal Year
In FY2022, the negative investment income was due to the net decrease in the fair value of investments pursuant to GASB Statement No. 31.
(Continued)
192
371 of 636
Schedule 2
CITY OF GLENDALE
Changes in Net Position
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2017 2016 2015
(1) 2014 2013
Expenses
Governmental activities:
General government $ 29,958 20,335 47,822 64,776 33,432 Police 80,687 72,274 74,596 71,299 72,997 Fire 59,228 51,386 48,796 47,370 50,880 Public works 28,021 31,925 26,558 41,126 39,349 Transportation 14,215 14,367 15,222 - - Housing, health, and community development 41,831 39,860 42,472 38,536 44,534 Employment programs 6,099 5,265 5,557 5,642 6,080 Public service 6,751 6,230 5,895 5,173 4,490 Parks, recreation and community services 18,710 15,889 13,325 12,372 12,326 Library 9,590 8,222 8,392 7,893 8,338 Interest and fiscal charges on bonds 2,763 2,203 1,398 2,553 1,932 Total governmental activities expenses 297,853 267,956 290,033 296,740 274,358 Business-type activities:
Electric fund 186,772 172,647 187,864 179,322 172,509 Fire communications fund 3,399 3,149 2,965 2,521 3,291 Hazardous disposal fund - - 1,511 1,170 1,709 Parking fund - - 7,702 6,317 7,683 Recreation fund - - 2,584 2,338 2,820 Refuse disposal fund 19,448 18,518 18,519 16,143 19,197 Sewer fund 16,697 15,327 17,421 14,353 14,585 Water fund 43,400 42,017 45,068 42,927 41,862 Total business-type activities expenses 269,716 251,658 283,634 265,091 263,656 Total primary government expenses $ 567,569 519,614 573,667 561,831 538,014 Notes:
(1)
Source: City Finance Department
Not covered by independent auditors' report
Fiscal Year
Effective FY2015, Recreation, Hazardous Disposal and Parking Funds were reclassified from enterprise funds to special revenue funds. (Continued)
193
372 of 636
Schedule 2
CITY OF GLENDALE
Changes in Net Position
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2017 2016 2015
(1) 2014 2013
Program Revenues
Governmental activities:
Charges for services:
General government $ 16,601 17,554 18,554 17,895 16,249 Police 1,282 1,229 1,087 759 746 Fire 8,405 8,242 6,330 2,206 8,327 Public works 23,629 20,732 14,469 19,544 18,647 Transportation 10,632 9,882 6,849 - - Housing, health, and community development 118 68 55 57 67 Employment programs 1,711 1,509 1,401 1,486 1,512 Parks, recreation and community services 2,984 2,999 11 11 15 Library 83 156 174 171 170 Operating grants and contributions 56,317 56,398 55,415 63,195 59,855 Capital grants and contributions 8,776 8,083 6,969 11,134 17,949 Total governmental activities program revenues 130,538 126,852 111,314 116,458 123,537 Business-type activities:
Charges for services:
Electric fund 218,686 217,467 215,956 196,263 173,701 Fire communications fund 3,794 3,515 3,253 3,191 3,288 Hazardous disposal fund - - 1,632 1,598 1,559 Parking fund - - 9,303 8,897 8,699 Recreation fund -
- 2,773 2,813 2,645
Refuse disposal fund 22,319 21,769 21,989 21,195 21,704 Sewer fund 13,859 14,273 15,790 15,576 16,143 Water fund 48,601 49,972 47,520 43,069 44,605 Operating grants and contributions 207 54 120 299 223 Capital grants and contributions 61 305 2,306 796 1,203 Total business-type activities program revenues 307,527 307,355 320,642 293,697 273,770 Total primary government program revenues 438,065 434,207 431,956 410,155 397,307 Net (Expense) / Revenue
Governmental activities (167,315) (141,104) (178,719) (180,282) (150,821) Business-type activities 37,811 55,697 37,008 28,606 10,114 Total primary government net expense $ (129,504) (85,407) (141,711) (151,676) (140,707) Notes:
(1)
Source: City Finance Department
Not covered by independent auditors' report
Effective FY2015, Recreation, Hazardous Disposal and Parking Funds were reclassified from enterprise funds to special revenue funds.
Fiscal Year
(Continued)
194
373 of 636
Schedule 2
CITY OF GLENDALE
Changes in Net Position
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2017 2016 2015 2014 2013
General Revenues and Other Changes in Net Position
Governmental activities:
Taxes
Property taxes $ 55,217
51,709 50,883 47,623 45,943
Sales taxes 41,096 46,651 36,330 35,408 33,789 Utility users tax 28,605 28,662 27,766 27,018 26,968 Other taxes 20,998 20,378 17,305 15,512 14,594 Investment income 1,262 8,456 1,561 1,776 (85) (1) Other 22,377 25,988 22,766 30,097 13,401 Reinstatement of loans 206 28,029 - - - Transfers 21,060 19,524 62,859 23,970 25,299 Special items:
Transfer of capital assets from
Successor Agency 15,117 6,729 22,087 - - Elimination of OPEB implied subsidy - 82,247 - - - Extraordinary gain (loss) - 26,490 - - (6,423)
Total governmental activities 205,938 344,863 241,557 181,404 153,486 Business-type activities:
Investment income 1,859 4,899 1,915 2,725 231 Other 8,559 7,702 8,593 11,505 8,270 Transfers (21,060) (19,524) (62,859) (23,970) (25,299) Total business-type activities (10,642) (6,923) (52,351) (9,740) (16,798) Total primary government 195,296 337,940 189,206 171,664 136,688 Change in net position
Governmental activities 38,623 203,759 62,838 1,122 2,665 Business-type activities 27,169 48,774 (15,343) 18,866 (6,684) Total primary government $ 65,792 252,533 47,495 19,988 (4,019) Notes:
(1)
Source: City Finance Department
Not covered by independent auditors' report
In FY2013, the negative investment income was due to the net decrease in the fair value of investments pursuant to GASB Statement No. 31.
Fiscal Year
195
374 of 636
Schedule 3
CITY OF GLENDALE
Fund Balances of Governmental Funds
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2022 2021 2020 2019 2018
General Fund
Nonspendable: $ 704 2,071 8,451 293 305 Restricted for:
City Charter - Article XI
Sec. 15 general reserve 35,770 35,869 32,584 30,769 28,115 Pension stabilization 34,512 39,805 35,145 29,426 27,605 Assigned to:
Economic development 1,862 1,740 1,804 2,068 3,530 Capital - - - - 97
Quality of Life -
affordable housing,
infrastructure improvements,
and other essential services
17,201 18,422 5,184 5,184 - Unassigned: 55,106 50,066 49,325 57,534 47,418 Total general fund 145,155 147,973 132,493 125,274 107,070 All Other Governmental Funds
Nonspendable: 3,196 2,857 2,901 2,756 2,545 Restricted for:
Air quality improvement 997 909 654 635 518 Cable access 3,711 3,492 3,460 4,044 3,401 Capital projects 65,168 58,456 50,856 45,773 38,884 Electric public benefit AB1890 8,609 6,927 7,159 5,903 5,146 Federal and state grants 10,819 10,844 8,562 8,547 6,854 Impact fee funded projects 29,713 30,273 29,647 27,668 24,565 Landfill post closure 52,763 48,185 42,584 37,286 31,850 Landscaping district 266 285 270 239 207 Low and moderate housing 12,677 12,840 13,471 23,413 12,254 Property held for resale - - - - 981
Public safety 4,251 4,047 3,665 3,600 2,594 Public works 2,488 1,268 - - -
State gas tax mandates 17,137 14,502 11,373 8,473 4,405 Transportation 45,936 38,519 37,479 37,223 30,324 Urban art 8,743 8,800 8,393 8,130 6,974 Youth employment 45 28 - 33 44
Committed to:
Capital projects 65,809 41,534 36,922 29,872 23,917 Debt service 11,549 12,877 14,148 15,372 16,429 Filming - - - - 945
Hazardous materials 3,554 3,690 3,599 3,294 2,885 Parking 8,946 8,525 12,229 13,077 9,638 Public safety 968 1,098 768 448 333 Recreation - - - - 3,775
Unassigned: (9,421) (6,682) (8,589) (6,349) (4,690) Total all other governmental funds $ 347,924 303,274 279,551 269,437 224,778 Source: City Finance Department
Not covered by independent auditors' report
Fiscal Year
(Continued)
196
375 of 636
Schedule 3
CITY OF GLENDALE
Fund Balances of Governmental Funds
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2017 2016 2015 2014 2013
General Fund
Nonspendable: $ 267 196 2,505 2,584 2,579 Restricted for:
City Charter - Article XI
Sec. 15 general reserve 27,296 24,870 23,433 22,593 22,228 Committed to:
Capital projects - - - 7,000 -
Assigned to:
Economic development 4,033 4,526 3,418 - - Capital 572 800 800 - - Building maintenance - - 1,000 - -
Emergency medical services - 2,000 - - -
Unassigned: 60,701 55,954 40,819 36,480 38,082 Total general fund 92,869 88,346 71,975 68,657 62,889 All Other Governmental Funds
Nonspendable: 2,396 3,197 3,177 2,212 2,275 Restricted for:
Air quality improvement 425 370 293 276 269 Cable access 2,895 2,434 1,833 1,237 783 Capital projects 33,951 29,034 - - -
Electric public benefit AB1890 3,962 3,609 2,788 1,960 1,308 Federal and state grants 5,929 5,621 5,129 4,745 4,571 Impact fee funded projects 24,132 26,078 14,227 5,562 5,830 Landfill post closure 29,850 27,850 25,850 23,850 22,350 Landscaping district 172 139 99 63 48 Low and moderate housing 11,175 9,642 9,219 9,820 15,605 Property held for resale 981 - - - -
Public safety 2,730 1,820 1,465 1,197 1,127 State gas tax mandates 2,257 3,240 2,868 7,044 8,539 Transportation 25,471 22,297 19,965 17,019 15,569 Urban art 6,372 5,275 4,283 2,437 1,893 Youth employment - 52 4 18 -
Committed to:
Capital projects 13,405 11,295 9,374 1,991 2,213 Debt service 17,981 19,287 21,522 23,841 31,590 Filming 622 373 - - -
Hazardous materials 2,342 2,057 1,646 - - Parking 8,738 7,511 6,776 - - Public safety 206 13 121 116 116 Recreation 3,652 3,548 3,602 - - Assigned to:
Capital projects - - - - -
Unassigned: (4,582) (9,345) (5,960) (10,327) (8,167) Total all other governmental funds $ 195,062 175,397 128,281 93,061 105,919 Source: City Finance Department
Not covered by independent auditors' report
Fiscal Year
197
376 of 636
Schedule 4
CITY OF GLENDALE
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2022 2021 2020 2019 2018
Revenues:
Property taxes $ 72,115 71,738 65,169 62,323 58,445 Sales tax 88,976 74,578 66,054 58,692 62,158 Utility users tax 26,943 26,114 26,455 26,655 27,805 Other taxes 17,997 12,274 14,172 22,563 21,784 Revenue from other agencies 100,024 103,840 87,854 79,637 70,304 Licenses and permits 12,645 10,185 10,197 15,029 13,740 Fines and forfeitures 6,462 3,739 4,967 5,562 5,300 Charges for services 53,286 43,102 47,797 43,495 39,962 Use of money and property (10,893) (3) 8,372 9,869 26,348 10,166 Interfund revenue 18,833 18,102 19,310 19,448 17,410 Miscellaneous revenue 3,855 2,389 2,749 3,374 4,324 Total revenues 390,243 374,433 354,593 363,126 331,398 Expenditures:
Current:
General
government 22,745 20,772 21,883 19,905 28,866 Police 99,535 92,803 89,243 87,321 82,573 Fire 68,617 64,218 61,930 61,888 60,176 Public works 27,960 26,808 27,134 25,500 23,544 Transportation 19,607 18,486 15,849 14,760 14,271 Housing, health and community development 67,579 65,600 58,235 57,570 40,979 Employment programs 6,125 7,001 6,988 7,449 5,680 Public service 5,129 7,121 5,860 6,177 5,951 Parks, recreation and community services 19,667 17,764 17,836 16,813 16,643 Library 12,402 10,987 10,918 11,071 11,229 Capital outlay 15,983 18,847 51,216 19,682 16,190 Debt service:
Interest - Leases 4 (2) - - - -
Principal - Leases 739 (2) - - - -
Interest - Bonds 1,063 1,167 1,173 769 583 Principal - Bonds 1,930 2,309 2,052 2,197 2,108 Bond issuance costs - - - 357 (1) -
Total expenditures 369,085 353,883 370,317 331,459 308,793 21,158 20,550 (15,724) 31,667 22,605 Other financing sources (uses):
Transfers in 26,621 25,115 27,758 55,053 35,378 Transfers out (5,947) (6,462) (8,255) (34,881) (14,066) Refunding bonds issued - - - 24,925 (1) -
Premium on refunding bonds issued - - - 5,327 (1) - Payment to refunded bond escrow agent - - - (29,895) (1) - Total other financing sources (uses) 20,674 18,653 19,503 20,529 21,312 - - - 10,667 -
Net change in fund balances $ 41,832 39,203 3,779 62,863 43,917 Debt service as a percentage of noncapital expenditures 1.1% 1.0% 1.0% 1.0% 0.9% Notes:
(1)
(2)
(3)
Source: City Finance Department
Not covered by independent auditors' report
The variable rate demand certificates of participation (COPs) - 2000 Police building project were refunded on June 25, 2019 with Glendale Municipal Financing Authority 2019 lease revenue refunding bonds.
Fiscal Year
Special Item - transfer of bond proceeds
from Successor Agency
Excess (deficiency) of revenues
over (under) expenditures
In FY2022, GASB 87 has been implemented, which requires long term leases to be recorded on the financial statements.
In FY2022, the negative use of money and property was due to the net decrease in the fair value of investments pursuant to GASB Statement No. 31.
(Continued)
198
377 of 636
Schedule 4
CITY OF GLENDALE
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2017 2016 2015 2014 2013
Revenues:
Property taxes $ 55,217 51,709 50,883 47,623 45,943 Sales tax 41,096 46,651 36,330 35,408 33,789 Utility users tax 28,605 28,662 27,766 27,018 26,968 Other taxes 20,998 20,378 17,305 15,512 14,594 Revenue from other agencies 71,590 61,332 69,677 71,755 75,055 Licenses and permits 14,053 23,263 21,592 10,528 10,866 Fines and forfeitures 5,317 4,299 1,413 1,638 1,446 Charges for services 37,012 35,876 21,741 19,393 19,848 Use of money and property 17,244 11,820 5,970 4,996 2,550 Interfund revenue 13,996 14,950 16,577 16,182 14,921 Sales of property ---- (1) 49
Miscellaneous revenue 9,235 4,105 6,542 3,577 (1) 6,744 Total revenues 314,363 303,045 275,796 253,630 252,773 Expenditures:
Current:
General
government 29,286 25,767 27,250 27,187 22,826 Community promotion - - - 59 111 Police 76,908 73,196 71,599 69,623 68,224 Fire 56,598 53,425 47,901 46,848 47,639 Public works 23,351 28,518 20,038 33,310 30,831 Transportation 13,251 13,341 13,780 - - Housing, health and community development 40,102 39,865 42,464 39,449 44,997 Employment programs 6,254 5,603 5,589 5,808 6,028 Public service 6,720 6,381 5,896 5,325 4,656 Parks, recreation and community services 16,511 14,139 10,451 10,331 9,938 Library 9,660 8,655 8,452 8,143 7,923 Capital outlay 30,208 13,433 16,054 23,930 28,320 Debt service:
Interest - Bonds 374 268 242 806 241 Principal - Bonds 2,014 2,981 2,973 13,850 3,476 Total expenditures 311,237 285,572 272,689 284,669 275,210 3,126 17,473 3,107 (31,039) (22,437) Other financing sources (uses):
Issuance of long-term debt - - - - -
Transfers in 32,302 25,165 43,650 28,331 29,039 Transfers out (11,240) (5,641) (8,219) (4,382) (3,740) Total other financing sources (uses) 21,062 19,524 35,431 23,949 25,299 Extraordinary gain (loss) - 26,490 - - (7,504)
Net change in fund balances $ 24,188 63,487 38,538 (7,090) (4,642) Debt service as a percentage of noncapital expenditures 0.9% 1.2% 1.3% 5.6% 1.5% Notes:
(1)
Source: City Finance Department
Not covered by independent auditors' report
Fiscal Year
Effective FY2014, "Sales of property" is included under "Miscellaneous revenue".
Excess (deficiency) of revenues
over (under) expenditures
199
378 of 636
Schedule 5
CITY OF GLENDALE
Electric Revenue by Type of Customers
Last Ten Fiscal Years
2022 2021 2020 2019 2018
Electric Fund:
Number of customers:
Residential 76,929 76,757 76,700 76,256 75,589 (2) Commercial 13,140 13,108 13,114 13,092 13,043 Industrial 193 193 195 195 196
Public street and highway lighting 21 21 21 21 21
Total number of customers 90,283 90,079 90,030 89,564 88,849 Megawatt-hour units sold:
Residential 381,594 400,862 (4) 377,905 371,625 369,703 (2) Commercial 310,816 294,782 (4) 311,633 329,429 337,282 Industrial 283,930 273,434 (4) 296,871 316,244 331,859 Public street and highway lighting 9,185 9,173 9,236 9,207 9,205 Total retail megawatt-hour sales 985,525 978,251 995,645 1,026,505 1,048,049 Sales to other utilities 419,063 482,809 (4) 466,894 464,482 404,785 (1) Total megawatt-hour sales 1,404,588 1,461,060 1,462,539 1,490,987 1,452,834 Revenue from energy sales:
Residential $ 85,438,798 (6) 84,866,109 (5) 78,324,752 72,591,228 (3) 74,609,549 (2) Commercial 63,926,783 (6) 59,869,663 (5) 62,349,778 63,254,909 (3) 66,961,824 Industrial 52,585,725 (6) 49,740,131 (5) 52,868,718 54,120,104 (3) 59,813,317 Public street and highway lighting 7,043 6,629 6,277 5,809 6,366 Sales to other utilities 29,862,282 (6) 22,874,574 (5) 18,459,341 21,775,844 (3) 17,451,139 (1) Wholesale - - - - -
Total energy sales $ 231,820,631 217,357,106 212,008,866 211,747,894 218,842,195 Notes:
(1)
(2)
(3)
(4)
(5)
(6)
Source: Glendale Water & Power Department
Not covered by independent auditors' report
Fiscal Year
Reductions in the purchases and sales of MWHs correlates to the decrease in wholesale revenue and sales to other utility revenue and fluctuations in wholesale sales volume and revenue were due to changing market demand and price volatility.
In FY2018, there was an increase in customers due to recently completed residential developments. Even though megawatt-hour sales decreased, due to weather, conservation and solar installations, revenue has increased due to a 2% rate increase effective July 1, 2017.
In FY2019, reduction in retail energy sales revenues was due to weather, conservation and solar installations. Reduction of retail revenues were partially offset by increase in sales to other utilities due to higher volume.
In FY2021, reduction in retail energy sales volumes was due to weather, conservation, solar installations and COVID-19 pandemic. It is partially offset by increase in sales to other utilities volumes. The Covid closures drove commercial and industrial usage-sales down and consequently increased the residential category.
In FY2021, increase in total energy sales was attributable to increased activities in sales to other utilities and increased demand in residential usage as a result of COVID-19 lockdown.
In FY2022, increase in total energy sales was attributable to increase in volumes and rates. Revenue from sales to other utilities increased from the prior year due to higher market prices. (Continued)
200
379 of 636
Schedule 5
CITY OF GLENDALE
Electric Revenue by Type of Customers
Last Ten Fiscal Years
2017 2016 2015 2014 2013
Electric Fund:
Number of customers:
Residential 74,783 74,176 73, 678 72, 975 72, 625 Commercial 12,967 12,938 12, 869 12, 801 12, 769 Industrial 211 212 214 218 217
Public street and highway lighting 21 21 21 18 18
Total number of customers 87,982 87,347 86,782 86,012 85,629 Megawatt-hour units sold:
Residential 372,746 383,783 372, 426 352, 861 393, 136 Commercial 334,185 335,019 337, 388 327, 660 335, 404 Industrial 346,427 362,867 361, 719 370, 321 389, 872 Public street and highway lighting 9,247 9,182 8, 543 8, 530 9, 284 Total retail megawatt-hour sales 1,062,605 1,090,851 1,080,076 1,059,372 1,127,696 Sales to other utilities 521,782 461,124 (2) 512,846 351,348 61,407 (1) Wholesale - - (1) 173,938 331,831 235, 847 (1) Total megawatt-hour sales 1,584,387 1,551,975 1,766,860 1,742,551 1,424,950 Revenue from energy sales:
Residential $ 73,139,123 73, 924,071 67, 754,324 59, 905,509 58, 412,020 Commercial 64,986,543 64,213,540 61, 746,578 55, 750,676 51, 393,589 Industrial 60,766,034 63,310,702 59, 626,227 52, 437,492 49, 396,516 Public street and highway lighting 6,401 6,413 3, 465 6, 145 9, 553 Sales to other utilities 19,788,257 16,012,599 (2) 19,041,456 13,032,317 1, 686,183 (1) Wholesale - - (2) 7,783,689 15,130,477 12, 802,646 (1) Total energy sales $ 218,686,358 217,467,325 215,955,739 196,262,616 173,700,507 Notes:
(1)
(2)
Source: Glendale Water & Power Department
Not covered by independent auditors' report
Effective FY2016, wholesale and sales to other utilities have been combined into one account.
In FY2013, reductions in the purchases and sales of MWHs correlates to the decrease in wholesale revenue and sales to other utility revenue.
Fiscal Year
201
380 of 636
Schedule 6
CITY OF GLENDALE
Electric Rates (Dollars per Kilowatt Hour)
Last Ten Fiscal Years
2022 2021 2020 2019 2018
Customer class:
Residential $ 0.2239 0.2117 0.2073 0.1953 0.2018 Commercial 0.2057 0.2031 0.2001 0.1920 0.1985 Industrial 0.1852 0.1819 0.1781 0.1711 0.1802 Lighting 0.0008 0.0007 0.0007 0.0006 0.0007 2017 2016 2015 2014 2013
Customer class:
Residential $ 0.1962 0.1926 0.1819 0.1693 0.1486 Commercial 0.1945 0.1917 0.1830 0.1696 0.1532 Industrial 0.1754 0.1745 0.1648 0.1412 0.1267 Lighting 0.0007 0.0007 0.0004 0.0006 0.0010
Source: Glendale Water & Power Department
Not covered by independent auditors' report
In June 2020, the City Council deferred the scheduled July 1, 2020 increase by one year to July 1, 2021, and to defer the subsequent two annual rate increases by one year. In FY2021, since the base rate is deferred, the increase is related to adjustment rates.
These are the average rates for the indicated customer classes, including energy cost adjustment charge.
On August 13, 2013, the City Council approved an 8% system average rate increase effective September 13, 2013.
The City Council also approved electric rates to become effective July 1 of each of the 4 successive years in the amounts of 7%, 5%, 2%, and 2%. The rate plan puts the Electric Utility on the path to restored financial health by generating positive annual net income by fiscal year ending June 30, 2016, supporting a bond issue of $60 million.
Fiscal Year
Fiscal Year
On June 12, 2018, the City of Glendale adopted a five-year rate plan (covering FY2019 through FY2023) with annual base rate revenue adjustments of 0%, 0.5%, 1%, 1%, and 1%.
202
381 of 636
Schedule 7
CITY OF GLENDALE
Principal Electric Payer Groups
Current Year and Nine Years Ago
Electric
Charges Rank
Percentage of
Total City Electric
Charges
Electric
Charges Rank
Percentage of
Total City Electric
Charges
Retail Stores/Malls $ 8,476,731 1 4.33% $ 6,495,503 4 5.65% Hospitals/Medical Facilities 8,293,272 2 4.24% 9,654,357 2 5.56% Entertainment Industry 7,980,324 3 4.08% 9,805,985 1 4.40% High-Rise Buildings 7,817,839 4 3.99% 3,368,821 8 3.74% Government Agencies 7,233,885 5 3.69% 7,645,547 3 2.28% Manufacturing 5,431,754 6 2.77% 3,684,753 6 2.12% Grocery Stores 2,238,822 7 1.14% 3,517,331 7 2.02% Schools/Colleges 1,823,483 8 0.93% 3,959,407 5 1.94% Hotels/Motels 1,330,884 9 0.68% 1,223,501 9 0.70% Utilities 1,063,594 10 0.54% 1,211,078 10 0.70% $ 51,690,588 26.39% $ 50,566,283 29.11%
Source: Glendale Water & Power Department
Not covered by independent auditors' report
Fiscal Year 2013Fiscal Year 2022
Electric Payer Groups
Individual customer's information is not public record and cannot be released without customer's permission. Therefore, top ten electric payer group is presented instead of top ten customers.
203
382 of 636
Schedule 8
CITY OF GLENDALE
Assessed Value and Actual Value of Taxable Property
Last Ten Fiscal Years (in thousands)
Fiscal Year
Residential
Property
(1)
Commercial
Property (1) Industrial Property (1) Other Property (1) 2013 $ 16,484,941 $ 4,914,713 $ 792,069 $ 2,098,219 2014 17,201,465 5,110,372 794,497 2,158,685 2015 18,011,191 5,478,688 793,977 2,303,967 2016 19,174,809 5,654,668 819,354 2,382,344 2017 20,120,531 5,931,797 834,016 2,523,204 2018 21,469,246 6,378,762 956,811 2,578,659 2019 22,854,771 6,489,934 984,484 2,521,480 2020 24,415,216 6,845,332 1,023,080 2,611,284 2021 25,636,410 7,118,477 1,083,085 2,591,939 2022 26,582,049 7,283,003 1,145,666 2,565,032 Fiscal Year
Less:
Tax-Exempt
Property (2)
Total Taxable
Assessed Value Total Direct
Tax Rate (3)
2013 $ 788,151 $ 23,501,791 $ 0.27241 2014 761,935 24,503,084 0.13096
2015 803,077 25,784,746 0.13108
2016 807,012 27,224,163 0.13128
2017 687,939 28,721,609 0.13152
2018 915,228 30,468,250 0.13097
2019 1,015,009 31,835,660 0.13238 (4) 2020 935,632 33,959,280 0.13217
2021 894,514 35,535,397 0.13244
2022 966,917 36,608,833 0.13244
Notes:
(1)
(2)
(3)
(4)
Source: HdL Coren & Cone
Not covered by independent auditors' report
Total Direct Tax Rate for FY2019 revised.
In 1978, the voters of the State of California passed Proposition 13 which limited taxes to a total maximum rate of 1%, based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum of 2%). With few exceptions, property is only reassessed as a result of new construction activity or at the time it is sold to a new owner. At that point, the property is reassessed based upon the added value of the construction or at the purchase price (fair value) or economic value of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual fair value of taxable property and is subject to the limitations described above. "Assessed" values are reflected.
Total Direct Tax Rate is the weighted average of all individual direct rates applied by the government preparing the statistical section information.
Both the Homeowners' Exemption and Exempt Use Code categories are reflected.
204
383 of 636
Schedule 9
CITY OF GLENDALE
Direct and Overlapping Property Tax Rates (Rate Per $100 of Taxable Value) Last Ten Fiscal Years
Fiscal Year
City's Share of 1%
Levy Per Prop 13 Redevelopment Rate
Total Direct Tax
Rate
(1)
2013 0.13573 N/A (2) 0.27241
2014 0.13573 N/A 0.13096
2015 0.13573 N/A 0.13108
2016 0.13573 N/A 0.13128
2017 0.13573 N/A 0.13152
2018 0.13573 N/A 0.13097
2019 0.13573 N/A 0.13238
2020 0.13573 N/A 0.13217
2021 0.13573 N/A 0.13244
2022 0.13573 N/A 0.13244
Fiscal Year Basic Levy
Glendale Community
College
Glendale Unified
School District
La Canada Unified
School District
2013 1.00000 0.02466 0.04395 0.06974
2014 1.00000 0.02341 0.03917 0.06722
2015 1.00000 0.02220 0.05974 0.06477
2016 1.00000 0.02123 0.05062 0.06173
2017 1.00000 0.02119 0.05699 0.06105
2018 1.00000 0.03489 0.05285 0.05913
2019 1.00000 0.03245 0.05045 0.05792
2020 1.00000 0.02581 0.04838 0.05516
2021 1.00000 0.03623 0.04385 0.05624
2022 1.00000 0.03576 0.04878 0.05516
Notes:
(1)
(2)
Source: HdL Coren & Cone
Not covered by independent auditors' report
In 1978, California voters passed Proposition 13 which set the property tax rate at a 1% fixed amount. This 1% is shared by all taxing agencies for which the subject property resides within. In addition to the 1% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of any voter approved bonds.
Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to all city property owners.
City's Share of 1% Levy is based on the City's share of the general fund tax rate area with the largest net taxable value within the city. ERAF general fund tax shifts may not be included in tax ratio figures.
Redevelopment rate is based on the largest RDA tax rate area (TRA) and includes only rate(s) from indebtedness adopted prior to 1989 per California State statute. RDA direct and overlapping rates are applied only to the incremental property values.
Direct & Overlapping Rates
Total Direct Tax Rate is the weighted average of all individual direct rates applied by the government preparing the statistical section information.
Effective FY2013, due to the dissolution of the Glendale Redevelopment Agency (GRA) on February 1, 2012, the redevelopment rate is not applicable going forward.
(Continued)
205
384 of 636
Schedule 9
CITY OF GLENDALE
Direct and Overlapping Property Tax Rates (Rate Per $100 of Taxable Value) Last Ten Fiscal Years
Fiscal Year
LACC District Debt
Service 2008, 2012
Series F LACC District
LAUSD
Measure K
2010 Series Ky LAUSD
2013 0.01119 0.03756 0.00001 0.17560
2014 0.00000 0.04454 N/A 0.14644
2015 N/A N/A N/A N/A
2016 N/A N/A N/A N/A
2017 N/A N/A N/A N/A
2018 N/A N/A N/A N/A
2019 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
Fiscal Year
Metropolitan Water
District
Pasadena
Community College
District Debt Service
2002, 2006 Series D
Pasadena
Community College
District
Total Direct &
Overlapping Tax
Rates
2013 0.00350 0.00225 0.01830 1.38676
2014 0.00350 N/A 0.01899 1.34327
2015 0.00350 N/A 0.01032 1.16053
2016 0.00350 N/A 0.00872 1.14580
2017 0.00350 N/A 0.00885 1.15158
2018 0.00350 N/A 0.00819 1.15856
2019 0.00350 N/A 0.00767 1.15200
2020 0.00350 N/A 0.00721 1.14006
2021 0.00350 N/A 0.00554 1.14535
2022 0.00350 N/A 0.00899 1.15218
Source: HdL Coren & Cone
Not covered by independent auditors' report
Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to all city property owners.
City's Share of 1% Levy is based on the City's share of the general fund tax rate area with the largest net taxable value within the city. ERAF general fund tax shifts may not be included in tax ratio figures.
RDA rate is based on the largest RDA tax rate area (TRA) and includes only rate(s) from indebtedness adopted prior to 1989 per California State statute. RDA direct and overlapping rates are applied only to the incremental property values.
Direct & Overlapping Rates
In 1978, California voters passed Proposition 13 which set the property tax rate at a 1% fixed amount. This 1% is shared by all taxing agencies for which the subject property resides within. In addition to the 1% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of any voter approved bonds.
Direct & Overlapping Rates
206
385 of 636
Schedule 10
CITY OF GLENDALE
Principal Property Tax Payers
Current Year and Nine Years Ago (in thousands)
Taxpayer
Taxable
Assessed
Value Rank
Percentage
of Total City
Taxable
Assessed
Value
Taxable
Assessed
Value Rank
Percentage
of Total City
Taxable
Assessed
Value
Walt Disney World Company $ 638,434 1 1.74% $ 428,678 2 1.82% Glendale Mall Associates LLC 633,438 2 1.73%
CSCDA Community Improvement Authority 290,204 3 0.79% Americana at Brand LLC 240,143 4 0.66% 412,947 3 1.76% California Community Housing Agency 220,651 5 0.60% BNTR Burbank Holdings LLC 200,502 6 0.55%
Stanley A Sirott Trust 199,360 7 0.54%
GPI 500 Brand Limited 195,040 8 0.53% 98,936 9 0.42% 120 W Wilson Avenue Apartments LP 191,930 9 0.52% DWF V 655 North Central LLC 191,924 10 0.52%
GGP Homart II 457,292 1 1.95%
PR Glendale Plaza Office California LLC 175,326 4 0.75% Wells Reit Glendale California LLC 134,000 5 0.57% DWA Glendale Properties LLC 115,509 6 0.49%
Metropolitan Life Insurance Company 110,334 7 0.47% BRE Band Central Holdings LLC 99,474 8 0.42% EHP Glendale LLC 90,520 10 0.39%
$ 3,001,626 8.20% $ 2,123,016 9.03%
Source: HdL Coren & Cone
Not covered by independent auditors' report
Fiscal Year 2022 Fiscal Year 2013
207
386 of 636
Schedule 11
CITY OF GLENDALE
Property Tax Levies and Collections
Last Ten Fiscal Years (in thousands)
Fiscal Year
Taxes Levied
for the Fiscal
Year Amount
Percentage of
Levy
Collections in
Subsequent
Years
(5) Amount
Percentage of
Levy
2013 $ 24,839 $ 25,612 103% (2) $ 528 $ 26,140 105% 2014 26,846 26,823 100% 197 27,020 101% 2015 27,703 27,227 98% 160 27,387 99% 2016 29,323 28,789 98% (44) (3) 28,745 98% 2017 31,075 30,455 (4) 98% 372 (4) 30,827 99% 2018 33,511 32,932 98% 268 33,200 99% 2019 34,905 33,902 97% 315 34,217 98% 2020 36,611 35,324 96% 543 35,867 98% 2021 39,007 37,967 97% 651 37,967 97% 2022 40,466 39,756 98% - 40,407 100% Fiscal Year
Taxes Levied
for the Fiscal
Year Amount
Percentage of
Levy
Collections in
Subsequent
Years (5) Amount
Percentage of
Levy
2013 $ - $ 42,203 (6) - $ - $ 42,203 - 2014 - 20,039 (6) - - 20,039 - 2015 - 10,709 (6) - - 10,709 - 2016 - 22,457 (6) - - 22,457 - 2017 - 16,407 (6) - - 16,407 - 2018 - 28,290 (6) - - 28,290 - 2019 - 19,542 (6) - - 19,542 - 2020 - 19,474 (6) - - 19,474 - 2021 - 14,374 (6) - - 14,374 - 2022 - 9,970 (6) - - 9,970 - Notes:
(1)
(2)
(3)
(4)
(5)
(6)
Sources:
(I)
(II) City Finance Department
Not covered by independent auditors' report
County of Los Angeles Department of Auditor-Controller
Revised since FY2017 Comprehensive Annual Financial Report release, due to updated numbers.
City
Collected Within the Fiscal Year of
the Levy Total Collections to Date (1)
Redevelopment Agency/Successor Agency
Collected Within the Fiscal Year of
the Levy Total Collections to Date (1)
The amount collected during this fiscal year exceeded the Levy amount, which was mainly due to property tax (tax increment) collection timing for a few huge parcels in the Central Project Area.
Education Revenue Augmentation Fund (ERAF) III payment to State, ERAF in lieu of Vehicle License Fee, SB211 Proposition Share for Central Project, supplemental property tax, and property tax penalty are excluded from property tax collections when compared to property tax levied in this schedule.
The negative collection is due to refunds to property owners for overpayment in prior years, which mainly resulted from lower property values.
Delinquent taxes should be reported by levy year rather than by collection year. [GASB-S44: 21c; 2005 GAAFR, page 307].
Effective February 1, 2012, the Property Tax receipts from the County of LA to pay the former Redevelopment Agency's obligations are recorded in the Glendale Successor Agency Private Purpose Trust Fiduciary Fund.
208
387 of 636
Schedule 12
CITY OF GLENDALE
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years (in thousands)
Fiscal
Year
Certificates of
Participation
(COPs)
Capital
Leases
HUD Section
108 (2011-A)
Loans
Payable
Residential
Development
Loan
Program
(RDLP)
2019
GMFA Lease
Revenue
Bonds
Lease
Payable
Total
Government
Activities
2013 $ 48,900 3,405 1,839 - 4,643 - - 58,787 2014 41,195 1,426 1,669 - - - - 44,290 2015 38,400 757 1,491 - - - - 40,648 2016 35,605 514 1,305 - - - - 37,424 2017 33,785 262 1,111 - - - - 35,158 2018 31,880 - (2) 908 594 - - - 33,382 2019 - (5) - 696 - (4) - 30,252 (5) - 30,948
2020 - - 474 - - 27,937 - 28,411
2021 - - - (6) - - 25,578 - 25,578
2022 - -
- - - 23,164 1,391 (8) 24,555
Fiscal
Year
2006
Electric
Revenue
Bond
2008
Electric
Revenue
Bond
2013
Electric
Refunding
Bond
2013
Electric
Revenue
Bond
2016
Electric
Refunding
Bond
2013 $ 31,484 61,403 24,276 - - 2014 30,106 61,342 24,042 64,490 - 2015 28,726 61,284 23,841 63,766 - 2016 - (1) 1,880 (1) 23,640 62,565 89,303 (1) 2017 - 1,880 22,539 61,307 87,085
2018 - - (3) 21,403 60,020 85,127
2019 - - 20,227 58,688 81,509
2020 - - 19,017 57,296 77,775
2021 - - 17,761 55,838 73,897
2022 - - 16,465 54,321 69,869
Fiscal
Year
2008
Water
Revenue
Bond
2012
Water
Revenue
Bond
2020
Water
Refunding
Bond
Lease
Payable
Total
Business-
type Activities
2013 $ 50,418 35,617 - - 203,198 2014 49,138 35,595 - - 264,713 2015 47,829 35,575 - - 261,021 2016 46,479 35,554 - - 259,421 2017 45,089 35,533 - - 253,433 2018 43,655 35,096 - - 245,301 2019 42,170 34,639 - - 237,233 2020 40,635 34,143 - - 228,866 2021 - (7) 33,606 38,338 (7) - 219,440
2022 - 33,034 36,504 218 (8) 210,411 Notes:
(1)
(2)
(3) In FY2018, the 2008 Electric Revenue Bond was fully redeemed. (4)
(5)
(6)
(7)
(8)
Source: City Finance Department
Not covered by independent auditors' report
Governmental Activities
In FY2021, the 2008 Water Revenue Bond was refunded by 2020 Water Refunding Bond.
In FY2016, the 2006 Electric Revenue Bond and the majority of 2008 Electric Revenue Bond were refunded by 2016 Electric Refunding Bond.
In FY2018, the 2009 fire equipment lease from Wells Fargo was paid in full.
In FY2019, the Parking Access and Revenue Control System (PARCS) loan was paid in full.
In FY2019, the COPs were refunded on June 25, 2019 with Glendale Municipal Financing Authority 2019 Lease Revenue Refunding Bonds.
In FY2021, the HUD Section 108 (2011-A) loan was paid in full.
Business-type Activities
In FY2022, GASB 87 has been implemented, which requires long term leases to be recorded on the financial statements.
Business-type Activities
(Continued)
209
388 of 636
Schedule 12
CITY OF GLENDALE
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years (in thousands)
Fiscal
Year
Government
Activities
Business-
type
Activities
Total Primary
Government
Total
Personal
Income
Percentage
of Personal
Income Population Per Capita
2013 $ 58,787 203,198 261,985 5,782,449 4.53% 194 1.353 2014 44,290 264,713 309,003 5,736,724 5.39% 196 1.577 2015 40,648 261,021 301,669 5,758,750 5.24% 199 1.515 2016 37,424 259,421 296,845 5,726,902 5.18% 202 1.470 2017 35,158 253,433 288,591 5,883,577 4.91% 202 1.430 2018 33,382 245,301 278,683 6,241,717 4.46% 206 1.353 2019 30,948 237,233 268,181 6,584,347 4.07% 206 1.302 2020 28,411 228,866 257,277 6,992,958 3.68% 205 1.255 2021 25,578 219,440 245,018 7,379,810 3.32% 204 1.201 2022 24,555 210,411 234,966 7,792,231 3.02% 193 1.217 For Successor Agency debt by types:
Fiscal
Year
2002
GRA Tax
Allocation
Bond
2003
GRA Tax
Allocation
Bond
2010
GRA Tax
Allocation
Bond
2011
GRA Tax
Allocation
Bond
2013
GRA Tax
Allocation
Bond
2013 $ 28,078 34,563 26,691 46,528 - 2014 - - 26,563 44,883 49,062
2015 - - 26,312 43,163 43,020
2016 - - - (1) 40,713 37,376
2017 - - - 38,119 31,577
2018 - - - 34,964 25,564
2019 - - - 31,549 19,335
2020 - - - 27,924 13,380
2021 - - - - (2) 6,681
2022 - - - - - (3)
Fiscal
Year
2016
GRA Tax
Allocation
Bond
Low & Mod
Loans
Payable
Loans
Payable Total
2013 $ - 2,254 - 138,114
2014 - - 13,613 134,121
2015 - - 12,104 124,599
2016 24,742 (1) - 40,133 142,964
2017 24,279 - 27,828 121,803
2018 23,816 - 23,271 107,615
2019 23,354 - 13,554 87,792
2020 22,794 - 10,022 74,120
2021 22,346 365 1,460 30,852
2022 21,896 - (4) - (4) 21,896
Notes:
(1)
(2)
(3)
(4)
Source: City Finance Department
Not covered by independent auditors' report
Fiduciary Activities
In FY2021, the 2011 GRA Tax Allocation Bond was defeased.
In FY2016, the 2010 GRA Tax Allocation Bond was refunded by 2016 GRA Tax Allocation Bond.
Due to the dissolution of the Glendale Redevelopment Agency (GRA) on February 1, 2012, all of the GRA's debt have been moved to Glendale Successor Agency Private Purpose Trust Fiduciary Fund.
In FY2022, GSA loan to the City was fully paid.
Fiduciary Activities
In FY2022, the 2013 GSA tax allocation refunding bonds was fully paid.
210
389 of 636
Schedule 13
CITY OF GLENDALE
Direct and Overlapping Governmental Activities Debt
As of June 30, 2022 (in thousands)
Gross
Bonded Debt
Balance
Percentage
Applicable to
Glendale
Amount
Applicable to
Glendale
Direct debt:
Bonds Payable $ 23,164 100% $ 23,164
Overlapping debt:
Metropolitan Water District 9,836 2.215% 218 Glendale CCD DS 2002 Series C 4,162 89.061% 3,707 Glendale CCD 2021 65,495 89.061% 58,330
Glendale CCD DS 2002, 2013 Series F 900 89.061% 801 Glendale CCD DS 2014 Ref Bonds 4,970 89.061% 4,426 Glendale CCD DS 2016 Series A 56,055 89.061% 49,923 Glendale CCD DS 2020 198,900 89.061% 177,141 Glendale CCD DS 2020 Ref Bonds 30,365 89.061% 27,043 Pasadena CCD DS 2014 Ref Series A 9,280 0.079% 7 Pasadena CCD DS 2016 Ref Series A 27,435 0.079% 22 Pasadena CCD DS 2020 Ref 21,950 0.079% 17
Glendale USD DS 2011 Series A 1 Creb 4,300 89.061% 3,830 Glendale USD DS 2012 Refund Bonds 1,230 89.061% 1,095 Glendale USD DS 2015 Ref Bonds Series A 9,145 89.061% 8,145 Glendale USD DS 2015 Ref Bonds Series B 250 89.061% 223 Glendale USD DS 2011 Series C 2,013 89.061% 1,793 Glendale USD DS 2011 Series D 38,105 89.061% 33,937 Glendale USD DS 2018 Ref Bonds 35,385 89.061% 31,514 Glendale USD DS 2020 Ref Bonds 67,690 89.061% 60,285 Glendale USD DS 2020 76,545 89.061% 68,171 Glendale USD DS 2020 Ref Bonds Ser B 143,325 89.061% 127,646 La Canada USD DS 1999 Series A 930 0.947% 9 La Canada USD DS 2017 Refund Bond 5,380 0.947% 51 La Canada USD DS 2017 Series A 28,425 0.947% 269 La Canada USD DS 2017 Series B 30,000 0.947% 284 La Canada USD DS 2020 Refund Bond 7,480 0.947% 71 Total overlapping debt 658,958
Total direct and overlapping debt $ 682,122
Sources:
(I)
City Finance Department
(II) HdL Coren & Cone
Not covered by independent auditors' report
Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the city.
The percentage of overlapping debt applicable is estimated by using taxable assessed values. Applicable percentages were estimated by determining the portion of another governmental unit's taxable assessed value that is within the city's boundaries and dividing it by each unit's total taxable assessed value.
211
390 of 636
Schedule 14
CITY OF GLENDALE
Legal Debt Margin Information
Last Ten Fiscal Years (in thousands)
Legal Debt Margin Calculation for Fiscal Year 2022
Assessed value $ 29,193,504 (1)
Debt limit (15% of assessed value) 4,379,026 (2)
Less debt applicable to limit -
Legal debt margin $ 4,379,026
2022 (1) 2021 (1) 2020 (1) 2019 (1) 2018 (1)
Debt limit $ 4,379,026 4,239,103 4,033,596 3,821,387 3,636,704 Total net debt applicable to limit - - - - - Legal debt margin $ 4,379,026 4,239,103 4,033,596 3,821,387 3,636,704 Total net debt applicable to the limit
as a percentage of debt limit 0.00% 0.00% 0.00% 0.00% 0.00% 2017 (1) 2016 (1) 2015 (1) 2014 (1) 2013 (1)
Debt limit $ 3,442,765 3,251,258 3,085,271 2,945,332 2,829,443 Total net debt applicable to limit - - - - - Legal debt margin $ 3,442,765 3,251,258 3,085,271 2,945,332 2,829,443 Total net debt applicable to the limit
as a percentage of debt limit 0.00% 0.00% 0.00% 0.00% 0.00% Notes:
(1)
(2)
Sources:
(I) City Finance Department
(II) HdL Coren & Cone
Not covered by independent auditors' report
Fiscal Year
Fiscal Year
Under City Charter, the total bonded debt of the city shall at no time exceed a total of 15 percent of the assessed valuation of all property taxable for city purposes.
As a result of ABx1 26, the Net Assessed Value calculation does not include the assessed valuations for the former Glendale Redevelopment Agency's project areas (Central District: $4,316,749; San Fernando Corr. District: $2,751,892).
Accordingly, the debt associated with the Glendale Redevelopment Agency became obligations of the Successor Agency, which is a separate legal entity. As such, this debt will no longer be included in the Legal Debt Margin calculation.
212
391 of 636
Schedule 15
CITY OF GLENDALE
Pledged-Revenue Coverage
Last Ten Fiscal Years (in thousands)
Principal Interest Coverage
2013 $ 177,565 $ 144,645
(1) $ 32,920 $ 2,020 $ 5,372 4.45 2014 203,633 162,800 40,833 1,290 6,706 5.11 2015 219,861 (3) 154,053 (2) 65,808 1,920 8,498 6.32 2016 223,319 143,915 79,404 2,460 7,960 7.62 2017 222,756 154,554 68,202 3,445 6,508 6.85 2018 223,940 157,718 66,222 5,130 7,446 5.27 2019 227,063 173,729 53,334 4,995 7,210 4.37 2020 235,369 178,946 56,423 5,205 6,866 4.67 2021 231,318 187,904 43,414 5,460 6,611 3.60 2022 233,197 187,183 46,014 5,710 6,458 3.78 Principal Interest Coverage
2013 $ 47,205 $ 35,797 (1) $ 11,408 $ 1,175 $ 2,970 2.75 2014 45,666 (4) 40,611 5,055 1,210 3,658 1.04 2015 51,094 (3) 36,694 (2) 14,400 1,245 3,463 3.06 2016 52,218 34,271 17,947 1,285 3,426 3.81 2017 50,430 34,109 16,321 1,325 3,387 3.46 2018 52,797 39,820 12,977
1,785 3,334 2.54
2019 51,688 40,661 11,027 1,855 3,262 2.15 2020 50,756 42,194 8,562 1,945 3,134 1.69 2021 55,491 43,593 11,898 2,100 2,188 2.77 2022 53,419 38,379 15,040 2,185 2,091 3.52 Notes:
(1)
(2)
(3)
(4)
Source: City Finance Department
Not covered by independent auditors' report
Fiscal Year
Electric Revenue Bonds
Water Revenue Bonds
Debt Service
Debt Service
Gross
Revenues
Less:
Operating
Expenses
Net
Available
Revenue
Gross
Revenues
Less:
Operating
Expenses
Net
Available
Revenue
This amount is net of $3.4 million fireline refund resulted from over charging customers in the prior years.
From FY2012-FY2014, depreciation expenses are excluded in calculating the debt service coverage ratio.
Effective FY2015, revenues available for debt service include charges for services, miscellaneous revenues, and use of money and property, and exclude customer paid revenues.
Effective FY2015, depreciation, gas depletion, transfers, and interest expense are excluded in calculating debt service coverage ratio.
Fiscal Year
(Continued)
213
392 of 636
Schedule 15
CITY OF GLENDALE
Pledged-Revenue Coverage
Last Ten Fiscal Years (in thousands)
(2) Principal Interest Coverage
2013 $ 27,456 (3) $ 4,275 (4) $ 23,181 $ 7,330 $ 8,091 1.50 2014 27,678 (3) 2,998 (4) 24,680 7,795 6,477 1.73 2015 31,937 (3) 3,410 (4) 28,527 7,095 7,636 1.94 2016 35,493 (3) 4,557 (4) 30,936 7,985 6,439 2.14 2017 33,814 (3) 4,869 (4) 28,946 7,995 5,778 2.10 2018 38,608 (3) 5,426 (4) 33,182 8,770 5,145 2.38 2019 42,695 (3) 5,712 (4) 36,983 9,245 4,656 2.66 2020 41,672 (3) 5,845 (4) 35,827 9,745 4,093 2.59 2021 51,518 (3) 7,709 (4) 43,809 6,155 1,355 5.83 2022 42,059 (3) 7,859 (4) 34,200 6,455 1,066 4.55 Notes:
(1)
(2)
(3)
(4)
Source: City Finance Department
Not covered by independent auditors' report
This is the gross amount of former Tax Increment that was available to the Successor Agency from the Central Glendale Redevelopment Project.
Tax sharing and administrative costs for the Central Glendale Redevelopment Project.
Due to the dissolution of the Glendale Redevelopment Agency (GRA) on February 1, 2012, all of the GRA's debt have been moved to Glendale Successor Agency Private Purpose Fiduciary Fund.
The amounts in this column exclude depreciation expenses for all ten years.
Tax Allocation Bonds recorded in Fiduciary Fund (1)
Fiscal Year
Property
Tax
Increment
Less:
Operating
Expenses
Net
Available
Revenue
Debt Service
214
393 of 636
Schedule 16
CITY OF GLENDALE
Demographic and Economic Statistics
Last Ten Fiscal Years
Fiscal Year Population (I)
Per Capita
Personal Income (II)
Total
Personal Income Median Age (II)
2013 193,652 $ 29,860 $ 5,782,448,720 41.0
2014 195,799 29,269 5,730,840,931 41.1
2015 199,182 28,912 5,758,749,984 40.7
2016 201,668 28,351 5,717,489,468 41.0
2017 201,748 29,163 5,883,576,924 41.2
2018 205,536 30,368 6,241,717,248 41.0
2019 206,283 31,919 6,584,347,077 41.2
2020 205,331 34,057 6,992,957,867 41.8
2021 203,834 36,205 7,379,809,970 41.9
2022 193,116 40,350 7,792,230,600 41.6
Fiscal Year
Percent
High School
Graduate
or Higher (II)
Percent
Bachelor's
Degree
or Higher (II)
School
Enrollment (III)
Unemployment
Rate (II)
2013 85.1% 39.0% 47,892 8.1%
2014 84.6% 38.3% 48,488 6.6%
2015 84.4% 38.2% 45,723 8.0%
2016 84.2% 37.9% 46,180 6.5%
2017 84.4% 37.9% 45,671 5.1%
2018 85.1% 39.0% 45,720 4.8%
2019 85.9% 39.6% 44,112 4.4%
2020 86.6% 39.4% 43,011 4.1%
2021 87.2% 40.5% 40,137 13.2%
2022 88.0% 41.6% 38,312 9.0%
Sources:
(I)
(II)
(III)
Not covered by independent auditors' report
Population data are based on data obtained from the California State Department of Finance Demographic Research Unit, Population Estimates for California Cities, January 1 of every year (E-1).
Enrollment data are based on Glendale Unified School District and Glendale Community College District school attendance reports.
Data are based on information provided by HdL Coren & Cone on calendar year basis. For example, fiscal year 2021 data is from calendar year 2020.
215
394 of 636
Schedule 17
CITY OF GLENDALE
Principal Employers
Current Year and Nine Years Ago
Employees
(I)
(1) Rank
Percentage
of Total City
Employment (5) Employees (1) Rank
Percentage
of Total City
Employment (5)
Glendale Unified School District (2) 4,000 1 3.99% 1,830 3 1.76% Glendale Adventist Medical Center (3) 2,600 2 2.59% 2,424 1 2.33% Dream Works Animation 2,300 3 2.29% 1,531 4 1.47% City of Glendale 1,774 4 1.77% 2,021 2 1.95% Countrywide Home Loans, Inc. 1,625 5 1.62%
Glendale Community College (3) 1,500 6 1.50% 897 9 0.86% Glenair Inc. 1,454 7 1.45% 1,180 7 1.14% Walt Disney Imagineering 1,300 8 1.30%
Alecto Healthcare Services 900 9 0.90%
USC Verdugo Hills Hospital 750 10 0.75% 727 10 0.70% Diagnostic Laboratories 1,370 5 1.32%
Dignity Health - Glendale Memorial Hospital (4) 1,196 6 1.15% Nestle Company 1,100 8 1.06%
Notes:
(1)
(2)
(3)
(4)
(5)
Sources:
(I)
Disclaimer:
Not covered by independent auditors' report
2022 2013
Employer
Both actual full-time and hourly employees are included.
In FY2022, the percentage of total employment is calculated using a baseline of 100,300 workers employed in Glendale, data provided by EDD. In FY2013, the percentage of total employment was calculated using a baseline of 103,900 workers employed in Glendale.
Starting in FY2012, companies that have requested a confidentiality waiver from the state to block the release of employment data are not included.
In FY2019, Glendale Memorial Hospital renamed to Dignity Health Glendale Memorial Hospital.
FY2022 data, with the exception of the City of Glendale, is from D & B/Hoovers, while FY2013 data, with the exceiption of the City of Glendale, is from MuniServices LLC. City of Glendale data is from the City of Glendale.
Includes part time and per diem.
Includes permanent full time employees only.
While every effort has been made to ensure the accuracy of the material included in this publication, the City of Glendale relies on third- party sources when compiling information and therefore, makes no warranty or guarantee as to the content provided and assumes no liability for the use of this information.
216
395 of 636
Schedule 18
CITY OF GLENDALE
Authorized Salaried Positions by Department
Last Ten Fiscal Years
2022 2021 2020 2019 2018
Department:
Administrative Services - Finance 41.85
(3) 37.35 36.35 37.35 36.35
City Attorney 20.00 20.00 20.00 20.00 18.31 City Clerk 7.00 7.00 6.00 6.00 6.00 City Treasurer 5.00 5.00 5.00 5.00 5.00 Community Development 123.45 121.45 124.45 119.45 118.64 Community Services & Parks 101.20 101.20 98.20 98.25 100.25 Fire
Sworn 165.00
166.00 166.00 166.00 166.00
Civilians 45.00 45.00 46.00 45.00 43.00 Glendale Water & Power 324.60 318.60 319.00 321.50 327.50 Human Resources 22.95 22.95 22.95 22.90 23.90 Information Services 42.50 41.00 41.00 42.00 42.00 Innovation, Performance & Audit - (3) 6.00 6.00 6.00 6.00 (2) Library, Arts & Culture 47.00 47.00 46.00 47.00 47.00 Management Services (1) 23.00 (3) 20.00 23.00 23.25 21.75 Police
Sworn 244.50
244.50 242.50 243.50 243.50
Civilians 97.00 97.00 96.00 97.50 97.50 Public Works
Sworn 0.50
0.50 0.50 0.50 0.50
Civilians 283.45 283.45 285.05 289.80 283.80 Total 1,594.00 1,584.00 1,584.00 1,591.00 1,587.00 Notes:
(1)
(2)
(3)
Source: City's Budget book.
Not covered by independent auditors' report
Fiscal Year
In FY2022, the Innovation & Performance section moved to the Management Services Department and the Internal Audit section moved to the Administrative Services – Finance department.
Position count in Management Services includes the five (5) Councilmembers.
In FY2018, the Innovation, Performance & Audit Department was created. (Continued)
217
396 of 636
Schedule 18
CITY OF GLENDALE
Authorized Salaried Positions by Department
Last Ten Fiscal Years
2017 2016 2015 2014 2013
Department:
Administrative Services - Finance
(1) 38.27 37.27 30.27 35.27 31.05 City Attorney 18.31 18.21 17.21 18.26 18.16 City Clerk 6.30 6.30 6.00 7.00 7.00 City Treasurer 5.00 5.00 5.00 5.00 5.00 Community Development 119.09 118.19 90.54 100.10 (5) 98.24 Community Services & Parks 100.33 98.38 97.38 105.37 107.70 (3) Fire
Sworn 164.00 164.00
163.00 157.00 168.00
Civilians 45.00 44.00 42.00 42.00 43.25 Glendale Water & Power 328.50 326.00 312.00 315.00 330.00 Human Resources 23.90 23.85 18.85 20.85 20.85 Information Services 42.00 42.00 40.00 50.00 47.75 Library, Arts & Culture 47.00 47.00 45.00 50.00 50.00 Management Services (2) 22.00 22.00 30.70 31.20 27.00 Police
Sworn 243.10
243.10 241.10 252.60 252.60
Civilians 96.50 96.50 99.00 99.00 99.00 Public Works
Sworn 0.90
0.90 0.90 0.90 0.90
Civilians 283.80 282.30 281.05 298.45 297.50 Total 1,584.00 1,575.00 1,520.00 (6) 1,588.00 1,604.00 (4) Notes:
(1)
(2)
(3)
(4)
(5)
(6)
Source: City's Budget book.
Not covered by independent auditors' report
The FY2015 position count was adjusted to reflect revised position counts after retirement/separation incentive.
The FY2013 position count was adjusted per balancing strategies.
Effective FY2014, the position count in Community Development includes one (1) unclassified budgeted position.
Fiscal Year
Administrative Services Department includes data for Purchasing.
Position count in Management Services includes the five (5) Councilmembers.
Effective FY2013, the position count in Community Services & Parks includes three (3) unclassified budgeted positions.
218
397 of 636
Schedule 19
CITY OF GLENDALE
Operations Indicators by Function/Program
Last Ten Fiscal Years
2022 2021 2020 2019 2018
Function/Program
Police:
Physical arrests 3,371 3,289 4,174 4,549 4,749
Parking violations 105,570 (15) 58,146 (13) 61,813 (8) 70,320 72,553 (3) Traffic violations 14,941 11,950 (13) 14,979 (8) 17,521 17,508 (4) Fire:
Emergency responses 21,039 18,213 20,085 19,424 19,728 Fires extinguished (9) 525 514 577 500 639 Refuse collection:
Refuse collected (tons per day) 236 232 231 221 222 Recyclables collected (tons per day) 2 (16) 27 23 21 22 (5) Inert waste recycling (tons per year)
Public Works 9,595 9,575 9,930 (10) 1,718 1,814 (6)
Glendale Water and Power - (17) 2,678 (14) 2,024 (11) 386 (7) 460 Other public works:
Street resurfacing (miles) (1) 3.20 2.30 4.00 (12) 9.74 4.35 Street reconstructing (miles) (1) - - - - - Potholes repaired (square feet per year) (2) 10,320 9,546 13,100 15,739 8,897 Wastewater:
Average daily sewage treatment
(millions of gallons) 13 13 13 13 13 Notes:
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
Sources: Various city departments
Not covered by independent auditors' report
In FY2019, the reduction in inert waste recycling by Glendale Water and Power can be attributed to less severe water main breaks. Even though the City observed more water main breaks this year, the size, scope and magnitude of failures has decreased.
The "square feet of potholes repaired" is contingent upon various factors, including level of staffing, weather, and other citywide street improvement projects, such as paving, curb, and gutter maintenance.
In FY2021, increased size and scope of GWP field activities have resulted in more inert waste.
In FY2020, the Fire Department has updated its counting methodology of fires extinguished with a newly defined set of fire codes, applicable to prior years as well.
In FY2021, there was a decrease in parking and traffic violations as a response to COVID. The City Council directive to staff, to temporarily modify the parking policy in an effort to reduce the financial burden on residents and local businesses, was still in place from the previous year.
In FY2020, 17,635 tons of inert debris were collected from Public Works Engineering projects, and 7,705 tons of this debris were diverted and not dumped in a Class 3 landfill.
In FY2020, Glendale Water and Power picked up large loads of dirt from Doran Street, which significantly increased inert waste recycling.
In FY2022, increase in parking violations is due to resuming all normal parking violation regulations. Prior years were lower due to relaxed parking regulations due to the COVID 19 pandemic.
In FY2022, GWP started sending their recycling materials through the franchise hauler along with other refuse.
In December 2021, solid waste collection services for commercial establishments and multi-family residential establishments of 5-units greater changed from the City to Franchising. In FY2022, the new service contributed to the reduction in recyclables collected by the City. Also, the recycling market has become less sustainable.
Fiscal Year
In FY2018, City deployed more downtown, special, and scofflaw parking enforcements. In particular, enforcements of night time parking around Glendale Community College have generated more citations.
In FY2018, low staffing combined with reprioritizations to assist school enforcement and to address more citizen complaints have led to a decrease in citations of traffic violations.
Since FY2018, foreign markets made the recyclable processing market more strict by only accepting materials that meet strict grade and cleanliness standards. As a result, more of Glendale’s recyclables have been thrown away causing a decrease in diversion.
Since FY2018, the Public Works Department is taking inert waste to the same location that processes bulky item debris. As a result, Public Works' inert material recycling is more difficult to track separately.
In FY2020, in response to COVID, there was a decrease in parking and traffic violations. The City Council directed staff to temporarily modify the parking policy in an effort to reduce the financial burden on residents and local businesses. At the same time, the safer at home order resulted in fewer traffic violations.
In FY2020, less street resurfacing occurred, due to the COVID-19 pandemic, which delayed project advertising, awards and contractors’ work.
The City generally focuses on street resurfacing rather than street reconstructing, due to the time consuming and cost prohibitive nature of reconstructing, since it involves building from the ground up. The City has only resorted to reconstructing on rare occasions over the past decade, which showcases the durable quality of the streets of Glendale. The amount of street resurfacing is also contingent upon various factors, including level of staffing, weather, and other citywide street improvement projects, such as paving, curb, and gutter maintenance. (Continued)
219
398 of 636
Schedule 19
CITY OF GLENDALE
Operations Indicators by Function/Program
Last Ten Fiscal Years
2022 2021 2020 2019 2018
Function/Program
Electric:
Average daily consumption (MWH) 2,700 2,680 2,728 2,812 2,871 Electricity generated (MWH) 600,709 692,259 665,666 667,475 826,830 Electricity purchased (MWH) 879,508 862,912 874,367 942,543 739,880 Electricity sold - Retail (MWH) 985,525 978,251 995,644 1,026,505 1,048,049 Electricity sold - Wholesale (MWH) 419,063 482,809 466,894 464,482 404,785 Peak demand (MW) 261 335 288 332 344 Water:
Average daily consumption
(millions of gallons) 21 23 21 21 21 Water mains breaks 6 6 16 20 11 Water purchased (AF) 15,084 16,183 14,465 14,184 16,177 Water sold (AF) 23,743 25,340 23,827 23,171 24,074 Transit:
Total route miles (1) 919,317 (9) 839,248 (9) 760,445 760,585 761,251 Passengers 517,073 (13) 357,990 (10) 1,040,034 (5) 1,411,254 1,504,383 (2) Parks and recreation:
Athletic field permits issued 10,738 8,463 5,673 (6) 8,627 8,331 Community center admissions 31,054 (14) - (11) 27,237 (7) 52,477 (4) 3,888 (3) Library:
Volumes in collections 495,555 521,656 522,429 515,101 521,739 Total volumes borrowed 738,908 567,979 (12) 2,997,171 (8) 1,554,077 1,067,667 Notes:
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
Sources: Various city departments
Not covered by independent auditors' report
In FY2019, the method of counting community center admissions was changed to capture each single visit separately.
In FY2020, ridership has been on a general decline in the region; however, the steep decline is due to the impacts of the COVID-19 pandemic.
In FY2020, the amount of athletic field permits issued has decreased due to the COVID-19 pandemic.
In FY2020, total volumes borrowed increased dramatically, due to implementation of unlimited auto-renewals.
In FY2021, zero community center admissions due to the COVID-19 pandemic.
In FY2020, March 13th was the last day visits were recorded, due to the COVID-19 pandemic. All community buildings and programs were closed.
In FY2021, decreased total volumes borrowed due to all Library locations being closed to the public from July 2020 – April 2021.
In FY2021 and FY2022, the mileage increased due to a service change in November 2020 with the addition of a new route and increased service on some existing routes.
In FY2021, ridership significantly declined due to the COVID pandemic.
In FY2022, the amount of transit passengers has increased from the prior year. However, ridership is sill down due to the to the COVID-19 pandemic.
In FY2022, community centers reopened after the COVID-19 closures.
Fiscal Year
Since FY2018, decreased ridership is due to increased car ownership and usage of alternative transportation methods.
In FY2018, the total number of pass members has decreased. Although there was a decrease in the number of pass members, the overall number of visits by all pass members is only slightly less than last year.
Route miles vary every year depending on the day of the week holiday service operates. (Continued)
220
399 of 636
Schedule 19
CITY OF GLENDALE
Operations Indicators by Function/Program
Last Ten Fiscal Years
2017 2016 2015 2014 2013
Function/Program
Police:
Physical arrests 4,751 5,555 5,515 5,768 5,886 Parking violations 63,644 63,137 69,376 71,958 72,879 Traffic violations 20,533 (4) 14,776 15,747 20,076 17,197 Fire:
Emergency responses 19,420 19,574 18,798 17,825 17,253 Fires extinguished 293 539 574 620 568 Refuse collection:
Refuse collected (tons per day) 217 201 195 188 185 Recyclables collected (tons per day) 27 30 30 30 29 Inert waste recycling (tons per year)
Brand Park landfill - - - - (2) 3,607
Public Works 2,337 2,663 2,182 2,923 - Glendale Water and Power 478 443 1,281 1,829 - Other public works:
Street resurfacing (miles) 7.51 5.28 19.99 8.96 6.60 (1) Street reconstructing (miles) - - - - - Potholes repaired (square feet per year) 10,227 9,923 14,553 10,909 16,592 Wastewater:
Average daily sewage treatment
(millions of gallons) 13 13 (3) 15 15 15 Notes:
(1)
(2)
(3)
(4)
Sources: Various city departments
Not covered by independent auditors' report
Since FY2016, the reduction in average daily sewage treatment from previous years was due to water conservation efforts.
In FY2017, law enforcement was provided electronic citation books, which made the process of entering citations in the system more efficient.
Fiscal Year
In FY2013, more street resurfacing was done in an effort to take advantage of the low street resurfacing costs due to the economic downturn.
Effective FY2014, each department contracted out to private haulers to dispose of citywide inert wastes after the official closing of the Brand Park Landfill.
(Continued)
221
400 of 636
Schedule 19
CITY OF GLENDALE
Operations Indicators by Function/Program
Last Ten Fiscal Years
2017 2016 2015 2014 2013
Function/Program
Electric:
Average daily consumption (MWH) 2,911 2,980 2,959 2,907 3,090 Electricity generated (MWH) 876,062 914,556 918,314 905,560 794,248 Electricity purchased (MWH) 834,432 768,632 1,131,229 999,932 769,224 Electricity sold - Retail (MWH) 1,062,605 1,090,851 1,080,077 1,061,028 1,127,696 Electricity sold - Wholesale (MWH) 521,782 461,124 686,784 683,179 297,254 Peak demand (MW) 293 332 337 317 311 Water:
Average daily consumption
(millions of gallons) 21 20 23 24 25 Water mains breaks 3 14 12 20 10 Water purchased (AF) 14,111 13,992 17,045 20,341 18,761 Water sold (AF) 23,396 22,927 25,175 26,049 29,003 Transit:
Total route miles (1) 747,108 746,026 741,287 735,827 731,036 Passengers 1,703,360 1,828,547 1,884,454 1,727,931 1,888,016 Parks and recreation:
Athletic field permits issued 7,755 6,523 3,485 (2) 682 614 Community center admissions 5,294 5,555 5,643 (3) 3,891 3,425 Library:
Volumes in collections 520,708 521,247 521,389 571,942 619,871 Total volumes borrowed 921,163 1,000,355 1,310,873 (4) 1,069,695 1,114,987 Notes:
(1)
(2)
(3)
(4)
Sources: Various city departments
Not covered by independent auditors' report
Route miles vary every year depending on the day of the week holiday service operates.
Fiscal Year
In FY2015, the increase in community center admissions may be attributed to a system upgrade that required scanning of activity cards for admission. As a result, all patrons were required to obtain new scannable activity cards. The new system allowed for improved tracking of activity card sales and renewals, in addition to increasing controls over community center admissions.
Estimates were used for unavailable data from May 18, 2015 to June 30, 2015. In FY2015, reshelves, which are books that were removed from the shelf by the patron, and then found elsewhere in the library, were counted in the total volumes borrowed. In prior years, reshelves were not included in the count.
Since March 2015, Community Services and Parks upgraded the permitting and registration system. Permits issued prior to March 2015 may contain multiple field reservations on one permit. Beginning March 2015, individual permits were issued for each field reservation, which resulted in a significant increase in the number of permits issued between FY2015 and FY2019.
222
401 of 636
Schedule 20
CITY OF GLENDALE
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
2022 2021 2020 2019 2018
Function/Program
Police:
Stations
(1) 33 3 3 3 Patrol units 65 65 64 64 64 Helicopters (3) 2 2 1 1.5 1.5 Motorcycles 28 28 (6) 54 54 (4) 25 Fire:
Stations 9 9 9 9 9 Refuse collection:
Collection trucks (2) 47 49 49 (5) 51 (5) 47 Other public works:
Streets (miles) 378 378 377 365 365 Traffic signals 242 242 239 238 235 Parks and recreation:
Open space acres 5,034 5,034 5,034 5,034 5,034 Developed parkland acres 286 286 286 286 286 Parks and other facilities 44 44 44 44 44 Community centers 4 4 4 4 4 Baseball/softball diamonds 17 (7) 16 16 16 16 Soccer/football fields 3 3 3 3 3 Golf course 1 1 1 1 1 Community pool 1 1 1 1 1 Nature Centers 1 (8) - - - - Notes:
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Sources: Various city departments
Not covered by independent auditors' report
Fiscal Year
In FY2019, the City acquired new collection trucks, this count has been revised since last year to reflect an accurate count of collection trucks. In FY2020, the City disposed of several old collection trucks.
In FY2020, the helicopter purchased in 1998 was retired from operation and used only for parts, leaving two helicopters shared between City of Burbank and City of Glendale for the operation of the Joint Law Enforcement Air Support Unit. In August 2017, the oldest helicopter not in service was sold. Effective FY2015, four helicopters were shared between the two cities. From FY2007-2014, three helicopters were shared between the two cities.
There is one main facility located at 131 N. Isabel and one substation located in the Glendale Galleria. In FY2015, the Montrose Substation was added.
This number does not include the small bin trucks or light duty vehicles.
The increase is due to 21 new purchases and 8 motorcycles on reserve that were not reported in prior years.
In FY2021, the Honda ST1300’s reached the end of their useful lives and were sold at auction.
In January 2022, CSP completed development of a new athletic field in Glendale; the Brand Park T-Ball Field.
In March 2022, CSP celebrated the grand opening of the Stone Barn Nature Center at Deukmejian Wilderness Park. (Continued)
223
402 of 636
Schedule 20
CITY OF GLENDALE
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
2022 2021 2020 2019 2018
Function/Program
Library:
Branches 8 8
8 8 8
Electric:
Number of electric meters 90,283 90,079 90,030 89,564 88,849 Number of streetlights 11,459 11,388 11,349 11,323 11,317 Grayson power plant capacity (MW) 260 260 260 260 260 Water:
Number of water meters 34,500 34,379 34,350 34,205 34,181 Water mains (miles) 393 393 393 404 395 Fire hydrants 3,270 3,247 3,242 3,226 3,215 Storage capacity (millions of gallons) 184 184 184 184 184 Wastewater:
Storm catch basin (1) 4,364 4,364 4,364 (4) 3,827 3,827 Sanitary sewers (miles) 361 361 361 361 (3) 360 LAGWRP (2) Treatment capacity 20 20 20 20 20 (millions of gallons)
Transit:
Buses 41 41 (5) 34 34 34 Notes:
(1)
(2)
(3)
(4)
(5)
Sources: Various city departments
Not covered by independent auditors' report
Los Angeles-Glendale Water Reclamation Plant (LAGWRP).
Fiscal Year
In FY2019, an additional mile of sewer was added due to the Chevy Chase Sewer Diversion Project.
This number includes the Los Angeles County and Caltrans storm drains within the City boundaries.
In FY2020, the increase is due to an updated stormwater dataset. The dataset was created by merging the City’s 20 year- old dataset with LA County’s dataset, followed by a review of over 350 set of storm drain plans.
In FY2021, the increase is due to additional buses purchased for the November 2020 service change to operate on the new route and to operate increased service on some existing routes. (Continued)
224
403 of 636
Schedule 20
CITY OF GLENDALE
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
2017 2016 2015 2014 2013
Function/Program
Police:
Stations
(1) 3 3 3 2 2 Patrol units 64 64 63 61 62 Helicopters (2) 2 2 2 1.5 1.5 Motorcycles 25 25 25 24 27 Fire:
Stations 9 9 9 9 9 Refuse collection:
Collection trucks (3) 47 47 48 49 50 Other public works:
Streets (miles) 365 365 365 365 365 Traffic signals 235 234 234 234 234 Parks and recreation:
Open space acres 5,034 5,034 5,034 5,034 5,034 Developed parkland acres 286 (7) 286 286 286 (6) 286 (5) Parks and other facilities (4) 44 (7) 43 43 43 (6) 42 (5) Community centers (4) 4 4 4 4 4 Baseball/softball diamonds 16 16 16 16 16 Soccer/football fields 3 3 3 3 3 Golf course 1 1 1 1 1 Community pool 1 1 1 1 1 Notes:
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Sources: Various city departments
Not covered by independent auditors' report
Fiscal Year
There is one main facility located at 131 N. Isabel and one substation located in the Glendale Galleria. In FY2015, the Montrose Substation was added.
Effective FY2015, four helicopters were shared by City of Glendale and City of Burbank for the operation of the Joint Law Enforcement Air Support Unit. From FY2007-2014, three helicopters were shared between the two cities.
This number does not include the small bin trucks or light duty vehicles.
In FY2013, the Glendale Narrows Riverwalk Park project was completed, which increased the park count to 42, and park acreage by 3.94 acres (285.56 in total acres).
In FY2014, the Maryland Avenue Park project was completed, which increased the park count to 43, and park acreage by 0.48 acres (286.04 in total acres).
Community buildings are not separately accounted for as community centers. Instead, they are included in the parks and facilities count as part of the park in which they reside.
In FY2017, the Central Park project was completed, which increased the park count to 44. However, its acreage is combined with Adult Recreational Center, so the total acreage for Parks and Facilities remained the same. (Continued)
225
404 of 636
Schedule 20
CITY OF GLENDALE
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
2017 2016 2015 2014 2013
Function/Program
Library:
Branches
8 8 8 8 8
Electric:
Number of electric meters 87,982 87,347 86,782 86,012 85,629 Number of streetlights 11,258 11,225 11,207 11,192 10,740 Grayson power plant capacity (MW) 260 260 260 260 260 Water:
Number of water meters 34,135 34,086 33,976 33,900 33,801 Water mains (miles) 384 398 398 397 397 Fire hydrants 3,201 3,177 3,164 3,149 3,146 Storage capacity (millions of gallons) 184 184 184 184 184 Wastewater:
Storm catch basin (1) 3,686 3,686 3,686 3,686 3,686 Sanitary sewers (miles) 360 360 360 360 360 LAGWRP (2) Treatment capacity 20 20 20 20 20 (millions of gallons)
Transit:
Buses 34 34 34 34 34 Notes:
(1)
(2)
Sources: Various city departments
Not covered by independent auditors' report
Los Angeles-Glendale Water Reclamation Plant (LAGWRP).
This number includes the Los Angeles County and Caltrans storm drains within the City boundaries.
Fiscal Year
226
405 of 636
ANNUAL COM PREH EN SIV E FIN A N C IA L R EPO RT
GLENDALE CITY HALL
GLENDALE CITY HALL
THE JEWEL CITY
I NCORPORAT ED
1906
@MyGlendale #MyGlendale
ANNUAL COMPREHENSIVE FINANCIAL REPORT
Fiscal Y ear Ended June 30, 2022
Printed on Recycled Paper
406 of 636
Report on Internal Control
over Financial Reporting
407 of 636
INDEPENDENT AUDITORS REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Honorable Mayor and Members of the City Council City of Glendale Glendale, California We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Glendale (the City), as of and for the year ended June 30, 2022, and the related notes to the financial statements, which collectively comprise the Citys basic financial statements, and have issued our report thereon dated November 18, 2022. Report on Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Citys internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Citys internal control. Accordingly, we do not express an opinion on the effectiveness of the Citys internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entitys financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified. CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. SeeCLAglobal.com/disclaimer.
CliftonLarsonAllen LLPCLAconnect.com
408 of 636
Honorable Mayor and Members of the City Council City of Glendale Page 2 Report on Compliance and Other Matters As part of obtaining reasonable assurance about whether the Citys financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of This Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entitys internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entitys internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
CliftonLarsonAllen LLP Irvine, California November 18, 2022 409 of 636
Communication with Those
Charged with Governance
410 of 636
Honorable Mayor and Members of the City Council City of Glendale Glendale, California We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Glendale (the City) as of and for the year ended June 30, 2022, and have issued our report thereon dated November 18, 2022. We have previously communicated to you information about our responsibilities under auditing standards generally accepted in the United States of America and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit in our engagement letter dated July 5, 2022. Professional standards also require that we communicate to you the following information related to our audit. Significant audit findings or issues Qualitative aspects of accounting practices Accounting policies Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City are described in Note 1 to the financial statements. As described in Note 15, the City changed accounting policies related to leases by adopting Governmental Accounting Standards Board (GASB) Statement No. 87, Leases, effective July 1, 2021. Accordingly, the accounting change has been applied to the beginning of the period of adoption. We noted no transactions entered into by the entity during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period. Accounting estimates Accounting estimates are an integral part of the financial statements prepared by management and are based on managements knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the financial statements were: The annual required contributions, pension expense, net pension liability, andcorresponding deferred outflows of resources and deferred inflows of resources for theCitys defined benefit pension plans are based on actuarial valuations provided byCalifornia Public Employee Retirement System actuaries.The other postemployment benefits (OPEB) expense and total OPEB liability, andcorresponding deferred outflows of resources and deferred inflows of resources for theCitys OPEB plan are based on an actuarial valuation provided by a third-party actuary.CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. SeeCLAglobal.com/disclaimer.
CliftonLarsonAllen LLPCLAconnect.com
411 of 636
Honorable Mayor and Members of the City Council City of Glendale Page 2 The sick leave conversion related expense and liability related to the Citys Retiree HealthSavings Plan is based on actuarial valuation provided by a third-party actuary.The claims liability for workers compensation and general liabilities are based on certainactuarial assumptions and methods prepared by an outside consultant.The liability for landfill post-closure care costs is based on estimates by the LA CountySanitation District.Financial statement disclosures Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. There were no particularly sensitive financial statement disclosures The financial statement disclosures are neutral, consistent, and clear. Difficulties encountered in performing the audit We encountered no significant difficulties in dealing with management in performing and completing our audit. Uncorrected misstatements Professional standards require us to accumulate all misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. The attached schedule (Exhibit A) summarizes uncorrected misstatements of the financial statements. Management has determined that their effects are immaterial, both individually and in the aggregate, to the financial statements taken as a whole. Corrected misstatements The following material misstatements detected as a result of audit procedures were corrected by management: Net position of the sewer fund was restated to record expenses related to prior period.Disagreements with management For purposes of this communication, a disagreement with management is a disagreement on a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditors report. No such disagreements arose during our audit. Management representations We have requested certain representations from management that are included in the management representation letter dated November 18, 2022. 412 of 636
Honorable Mayor and Members of the City Council City of Glendale Page 3 Management consultations with other independent accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a second opinion on certain situations. If a consultation involves application of an accounting principle to the entitys financial statements or a determination of the type of auditors opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. Required supplementary information With respect to the required supplementary information (RSI) accompanying the financial statements, we made certain inquiries of management about the methods of preparing the RSI, including whether the RSI has been measured and presented in accordance with prescribed guidelines, whether the methods of measurement and preparation have been changed from the prior period and the reasons for any such changes, and whether there were any significant assumptions or interpretations underlying the measurement or presentation of the RSI. We compared the RSI for consistency with managements responses to the foregoing inquiries, the basic financial statements, and other knowledge obtained during the audit of the basic financial statements. Because these limited procedures do not provide sufficient evidence, we did not express an opinion or provide any assurance on the RSI. Supplementary information in relation to the financial statements as a whole With respect to the combining and individual non-major fund financial statements and schedules (collectively, the supplementary information) accompanying the financial statements, on which we were engaged to report in relation to the financial statements as a whole, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period or the reasons for such changes, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves. We have issued our report thereon dated November 18, 2022. Other information included in annual reports Other information (financial or nonfinancial information other than the financial statements and our auditors report thereon) is being included in your annual report and is comprised of introductory and statistical sections. Our responsibility for other information included in your annual report does not extend beyond the financial information identified in our opinion on the financial statements. We have no responsibility for determining whether such other information is properly stated and do not have an obligation to perform any procedures to corroborate other information contained in your annual report. We are required by professional standards to read the other information included in your annual report and consider whether a material inconsistency exists between the other information and the financial statements because the credibility of the financial statements and our auditors report thereon may be undermined by material inconsistencies between the audited financial statements and other information. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. Our auditors report on the financial statements includes a separate section, Other Information, which states we do not express an opinion or any form of assurance on the other information included in the annual report. We did not identify any material inconsistencies between the other information and the audited financial statements. 413 of 636
Honorable Mayor and Members of the City Council City of Glendale Page 4
* * * This communication is intended solely for the information and use of the City Council and management of City of Glendale and is not intended to be, and should not be, used by anyone other than these specified parties. CliftonLarsonAllen LLP Irvine, California November 18, 2022 414 of 636
DESCRIPTION ASSET LIABILITYBEGINNING NET POSITION/FUND BALANCE REVENUE EXPENSEGovernment-Wide Waived Adjusting Journal Entries:Governmental ActivitiesTo record effects of prior period waived adjustmentsImprovements - - - - (153,103)Net position - - 153,103 - - To record prior period adjustment for prior year deferredoutflows for contributions subsequent to measurement datePension expense - - - - 2,722,233 Net position - - (2,722,233) - - - - (2,569,130)$ - 2,569,130$ Business-Type ActivitiesTo record effects of prior period waived adjustmentsImprovements - - - - (76,000) Net position - - 76,000 - - To record prior period adjustment for prior year deferredoutflows for contributions subsequent to measurement datePension expense - - - - 1,465,818 Net position - - (1,465,818) - - - - (1,389,818)$ - 1,389,818$ City of GlendaleDEBIT (CREDIT)June 30, 2022Uncorrected MisstatementsExhibit A 415 of 636
DESCRIPTION ASSET LIABILITYBEGINNING NET POSITION/FUND BALANCE REVENUE EXPENSEFund FS Waived Adjusting Journal Entries:Sewer Utility FundTo record prior period adjustment for prior year deferredoutflows for contributions subsequent to measurement datePension expense - - - - 83,761 Net position - - (83,761) - - - - (83,761)$ - 83,761$ Electric Utility FundTo record prior period adjustment for prior year deferredoutflows for contributions subsequent to measurement datePension expense - - - - 879,491 Net position - - (879,491) - - - - (879,491)$ - 879,491$ Water Utility FundTo record effects of prior period waived adjustmentsImprovements - - - - (76,000) Net position - - 76,000 - - To record prior period adjustment for prior year deferredoutflows for contributions subsequent to measurement datePension expense - - - - 251,283 Net position - - (251,283) - - - - (175,283)$ - 175,283$ OtherAggregate FundsTo record effects of prior period waived adjustmentsImprovements - - - - (153,103)Fund Balance - - 153,103 - - To record prior period adjustment for prior year deferredoutflows for contributions subsequent to measurement datePension expense - - - - 251,283 Net position - - (251,283) - - - - (98,180)$ - 98,180$ City of GlendaleExhibit A (Continued)Uncorrected MisstatementsJune 30, 2022DEBIT (CREDIT) 416 of 636
8c
CITY OF GLENDALE, CALIFORNIA
REPORT TO THE CITY COUNCIL
AGENDA ITEM
Report: Grayson Repowering Project and GWP Power Supply Planning (1) Resolution of the City Council of the City of Glendale, California, amending Resolution 22-34 to provide direction to staff regarding the implementation of the Grayson Repowering Project utilizing five Wartsila engines; amending Resolution 22-127 to add the procurement of Battery Energy Storage System to the scope of the Request For Proposals for the Balance of Site work; and authorizing the City Manager or his designee to execute a contract, and all related and necessary documents, for the engineering, procurement, and construction of five Wartsila engines and associated Power Island Equipment and Facilities.
(2) Resolution of the City Council of the City of Glendale, California, amending Resolution 22-34 to provide direction to staff regarding the implementation of the Grayson Repowering Project utilizing three Wartsila engines; amending Resolution 22-127 to add the procurement of Battery Energy Storage System to the scope of the Request For Proposals for the Balance of Site work; and authorizing the City Manager or his designee to execute a contract, and all related and necessary documents, for the engineering, procurement, and construction of three Wartsila engines and associated Power Island Equipment and Facilities.
(3) Motion authorizing the City Manager, or his designee, to enter into a Collectible Work Authorization (CWA) agreement with the Southern California Gas Company, in the not to exceed amount of $400,000 for services related to the improvement and upgrade of Southern California Gas Company facilities related to the Grayson Repowering Project. The form of said agreement shall be subject to the approval of the City Attorney.
COUNCIL ACTION
Item Type: Action
Approved for December 13, 2022 Calendar
EXECUTIVE SUMMARY
This report provides an update on the Grayson Repowering Project and GWP power supply planning, and seeks City Council authorization to execute contracts and procurement strategies, and a resolution authorizing the City Manager to execute a contract for the engineering, procurement, and construction of five Wartsila engines and associated power island equipment and facilities. The report also includes a recap on 417 of 636
28c
3 5
7 1
the City’s discussions with Los Angeles Department of Water & Power (LADWP) regarding obtaining reserve power for Glendale, and the status of negotiations with Tesla.
COUNCIL PRIORITIES
Infrastructure: The Grayson Repowering Project will replace the aging infrastructure at the Grayson Power Plant with state-of-the-art generation and storage technology providing GWP with the ability to quickly start and generate smaller increments of power when needed, the ability to balance and integrate renewable resources, and the ability to store energy that is a major step in transitioning the City toward a 100% renewable power portfolio.
Environmental Stewardship. The Grayson Repowering Project and other clean energy initiatives underway at GWP implement the City Council’s direction to pursue sustainable and clean energy solutions for the City.
RECOMMENDATION
That the City Council authorize the following agreements and actions associated with the Grayson Repowering Project:
a. Adopt a resolution authorizing the City Manager, or his designee, to enter into and execute a contract, and all related and necessary documents, for the engineering, procurement, and construction of five (5) Wartsila engines and associated power island equipment and facilities; and b. Collectible Work Authorization (CWA) agreement with the Southern California Gas Company, in the amount not to exceed $400,000 for services related to the improvement and upgrade of Southern California Gas Company facilities related to the Grayson Repowering Project An optional resolution is included above for Council to provide direction to staff to prepare the necessary actions for Council approval for the engineering, procurement, and construction of three Wartsila engines and associated power island equipment and facilities for the Grayson Repower Project.
BACKGROUND
The Grayson Power Plant, first commissioned in the 1940s, is well beyond its functional design life and needs to be modernized to continue to meet the energy needs of the City of Glendale and its residents and businesses.
Over the past seven years, the City Council, along with City staff, has explored, analyzed, and developed options for, and alternatives to, the originally-proposed, 262 megawatt (MW) repowering of the Grayson Power Plant in order to minimize the City’s carbon footprint and provide clean reliable power to the community. For reference, a chronology of key dates for the Grayson project is attached to this report as Exhibit 1.
The City’s clean power goals must be balanced against the City’s obligation to ensure that a reliable source of power is always available to meet the City of Glendale’s needs.
Glendale’s Power, Energy Needs and Supplies:
418 of 636
38c
3 5
7 1
Glendale needs both power capacity (the maximum amount of power that a generator can produce, measured in Megawatts “MW”) and energy (the amount of electric power that is produced and used over time, measured in Megawatt-hours, “MWh”). Power is the size of the generator(source) or the size of the load(sink); Energy is the amount of electricity actually produced over time to power lights and other loads. Even with Glendale’s investment in local rooftop solar, energy efficiency, and demand response, the need for capacity and energy are expected to increase over time due to growing electric load coupled with increased electrification of vehicles and buildings.
Capacity
To comply with California Energy Commission (CEC) requirements, GWP must maintain sufficient power generation resources to meet Glendale’s peak demand (peak load) as well as provide adequate reserves. This is essentially both for meeting the criteria for a successful IRP, as well as meeting our system operation obligations to our Balancing Authority, LADWP. Glendale’s historic peak load is 346 MW in 2017, and on that day, GWP delivered 5,654 MWh of energy. The peak load in subsequent years has been similar, in form and relative magnitude, and is now expected to grow with increasing emphasis on electrification of buildings and vehicles, as well as continued private development. For example, based upon the modeling in the 2019 Integrated Resource Plan (IRP) the forecasted peak load will be 398 MW by 2027. In addition to meeting peak load, GWP must maintain backup power (reserves) at the ready in case it loses its two largest individual resources -- the N-1 and N-1-1 contingencies.
GWP staff is working with Ascend Analytics to develop models in preparation for the 2024 IRP. The “loss of load model”, used to identify hours each month over multiple years that have insufficient capacity to meet load, forecasts a peak load of 456 MW in 2027. This model includes real-world projects and system forecasts like Glendale’s share of the CEC projected transportation electrification numbers (3.2 million electric vehicles by 2030 in California), two multi-family residential towers at the current Sears building location (8 MW total; projected to be online in 2025), and a movie/sound studio located on San Fernando Road not far from the Grayson Power Plant (10 MW; projected to be online 2025). The latter two being real examples of load growth in the very near future. The table below identifies the megawatt coverage needed for both models under an N-1 and N-1-1 scenario. These scenarios represent the reserve obligations that GWP has as a load serving entity in the LADWP balancing authority area. Essentially, GWP must keep energy supply in reserve in order to supply sufficient energy to meet the two largest energy supplies to Glendale in case they are lost or cannot be delivered to Glendale’s electric grid.
2019 IRP Model New Model
Forecasted peak load (2027) 398 MW 456 MW
N-1 Contingency (Pacific DC Intertie) 100 MW 100 MW
N-1-1 Contingency (Southern Transmission System) 64 MW 64 MW Total 562 MW 620 MW
419 of 636
48c
3 5
7 1
The below table provides the sources of generation available to cover the City’s capacity requirements. The column identified as “Original Capacity” are the numbers provided with the original report to Council on August 16, 2022, and assuming all such resources are developed and operating at full capacity. The column identified as “Current Capacity” (i) represents a three Wartsila engine installation at Grayson, (ii) inludes the Sunrun Virtual Power Plant (VPP) project removed, and (iii) assumes the remaining 25 MW of Distributed Energy Resources (DER) will be fully realized even though only 3 MW have been realized thus far.
Resource (existing and proposed) Original
Capacity
Current
Capacity
Existing Transmission (100 MW Pacific DC, 112 MW
Southwest Transmission System) 212 MW 212 MW
Post-2027 Transmission Addition on Southwest
Transmission System 72 MW 72 MW
Reduction due to transmission losses on Southwest
Transmission System -17 MW -17 MW
Eland I Solar and Storage Project 1 25 MW 25 MW
Magnolia Power Plant 35 MW 35 MW
Grayson Unit 9 48 MW 48 MW
Scholl Canyon Biogas 11 MW 11 MW
Battery Energy Storage System (BESS) contribution
for peak load2 75 MW 75 MW
Grayson Wartsila engines 93 MW
(5 engines)
56 MW
(3 engines)
Local new DER (2019 IRP contemplated 50 MW of
DER; of this, 3 MW have materialized; the 25.25 MW
Sunrun VPP proposal has been withdrawn. The
2022 DER RFP seeks additional DER resources.)3
50 MW 25 MW
Total 604 MW 542 MW
As mentioned in the August 2022 report to Council, when assuming all resources are implemented, available, and operating at maximum capacity at the same time, there appears to be a margin of 42 MW when taking the difference between the “Original 1 The full 25 MW capacity was assumed for this analysis; actual performance may be less as generation capacity varies with time of day and the state of charge of the battery component. 2 This is a 4-hour energy limited resource.
3 There are limits as to time of day and/or number of times these resources can be called upon. 420 of 636
58c
3 5
7 1
Capacity” column total and the 2019 IRP Model total, that is 604 MW – 562 MW = 42 MW. However, that is not an accurate depiction of the available resources, but rather a best-case evaluation. It assumes all resources are maximally available at the same time as the peak load. Not all resources are available around the clock; for example, solar is time-limited (only available during day), batteries, energy demand response, and some resources such as Eland are energy-limited (finite capacity) or can only be called on for a limited time. Additionally, existing transmission is regularly derated or just not available during peak load events, as transmission lines reach their thermal limits and balancing authorities hold on to available capacity in preparation for worsening conditions.
When reviewing GWP’s current capacity in comparison to either our 2019 IRP model or the new model totals, that of 542-562 and 542-620, we see that Glendale is short capacity by -20 MW and -78 MW respectively. This means that in both model scenarios, GWP would be unable to meet our system obligations or our customer obligations at peak load. As confirmed by LADWP, the balancing authority, GWP would need to reduce or shed load in real-time to maintain reserve capacity for the N-1 and N- 1-1 contingencies. Controlled shedding of load to meet our system obligation means rolling blackouts.
Energy
In addition to having sufficient capacity (MW), GWP is required to provide sufficient energy (MWh) to serve Glendale. GWP performed an hourly evaluation of the City’s energy needs, considering: (1) the varying energy demand for each hour, (2) how much power and energy each resource can provide; and (3) when each resource can provide energy. As a viable example, the table below represents the theoretical energy provided or consumed by each resource using the actual load data from our historical peak load day, when 346 MW of capacity was needed, and the total energy demand was 5,654 MWh4. This data was used because it matches the forecasted peak load day for 2027 used in the 2019 IRP. The analysis also factors in the loss of GWP’s two largest resources, the Pacific DC and half of the STS transmission lines. These transmission lines are Glendale’s N-1 and N-1-1 contingencies. This does not mean that the Wartsila engines would be in constant operation; rather the Wartsila engines are designed to be available as reserve capacity in the event the N-1 or N-1 and N-1-1 contingencies occur. In this event, Grayson Unit 9 and the Wartsila engines would operate to provide adequate power for Glendale. In the scenarios below, local thermal resources – Unit 9 and the Wartsila engines – would be dispatched only as needed to serve load and charge the battery.
Resource Original
Energy
MWh
Current
Energy
MWh
Existing Transmission (100 MW Pacific DC, 112 MW Southwest Transmission System; 212 MW each hour for 24 hours) 5,088 5,088 Post-2027 Transmission Addition on Southwest Transmission System (72 MW each hour for 24 hours) 1,728 1,728
4 The MW and MWh values are actual values from August 31, 2017. 421 of 636
68c
3 5
7 1
Resource Original
Energy
MWh
Current
Energy
MWh
Reduction due to transmission losses on Southwest
Transmission System (losses are 5.86%; ~16.7 MW each hour for 24 hours)
-400 -400
Loss of N-1 (Pacific DC Intertie; 100 MW each hour for 24 hours) -2,400 -2,400
Loss of N-1-1 (Southern Transmission System; 64 MW each hour for 24 hours) -1,536 -1,536
Reduction in Transmission Losses (~9.6 MW each hour for 24 hours) 231 231
Eland I Solar and Storage Project (25 MW at ~60% Capacity Factor [CF]) 358 358
Local new DER (2019 IRP contemplated 50 MW of DER; as of 2022, 3 MW have materialized; the 25.25 MW Sunrun VPP
proposal was withdrawn. The 2022 DER RFP seeks additional DER resources. Current column assumes 15 MW of a standard solar array profile [~75 MWh] and 10 MW of demand response for 4 hours [40 MWh])5
183 115
Magnolia Power Plant (35 MW each hour for 24 hours) 840 840 Grayson Unit 9 865 860
Scholl Canyon Biogas (11 MW each hour for 24 hours) 264 264 BESS Charging Energy (300 MWh with losses) -353 -353
BESS contribution for peak load6 300 300
Grayson Wartsila engines (Original: 5; Current: 3) 485 559 Total 5,653 5,654
On GWP’s historical peak load day, it delivered 5,654 MWh of energy. As shown in the table above, with the 2027 resources in place, the “Original Energy” column shows that GWP would have 5,653 MWh of energy, meeting (with rounding error) the energy required on the peak load day with five Wartsila engines available.
The “Current Energy” column reflects a three (3) Wartsila engine installation at Grayson, has the Sunrun Virtual Power Plant (VPP) project removed, and assumes the remaining 25 MW of DER (15 MW of a standard solar array profile [~75 MWh] and 10 MW of 5 There are limits as to time of day and/or number of times these resources can be called upon. 6 This is a 4-hour energy limited resource.
422 of 636
78c
3 5
7 1
demand response over 4 hours [40 MWh]) will be fully realized. With this “Current Energy” scenario in place for GWP’s historical peak load day, GWP would have met the energy requirement by having the Wartsila engines generate an additional 80 MWh.
For this scenario, of the 19 total hours that the Grayson Unit 9 is on during that day, 15- 16 hours would be at maximum output. For the three Wartsila engines, of the 12 total hours they are running during that day, 8-9 hours of it are spent with all three at maximum output.
It is important to recognize that although the numbers show that under both the five and three Wartsila scenarios, it is hypothetically possible for GWP to supply the energy required, it comes with the following factors:
•There will be a significant increase in use of the three Wartsila engines which increases the risk of exceeding defined permit limitations (i.e., as permitted, each engine is limited to 50 starts and 225 hours in any month, and 280 starts and 1,120 hours in a year. 1,120 full power hours are equivalent to a 12.8% capacity factor.). It is reasonable to assume that with the limited internal resources available to GWP over the course of the year, GWP would reach the permit limit before the end of a calendar year.
•These current scenarios only consider the historical peak load day of 346 MW, and do not reflect the forecasted peak load day of 456 MW in 2027, identified in the “loss of load model’ being developed for the 2024 IRP. •From an operational perspective, these scenarios were developed with the full knowledge of how the loads would look in advance, allowing for the most efficient dispatching of the available resources. However, real-time operation relies on forecasted conditions and experience, in which an operator must keep some resources in reserve to plan for the possibility of an N-1 or N-1-1 event. The condition that describes the most current N-1 and N-1-1 event for an operator can shift hourly.
Recognizing the very real possibility of a +450 MW peak load day by 2027 as is identified in Ascend Analytics model, emphasizes Glendale’s need for additional in- system resources to provide back-up support (reserves) for any variable resource programs that are implemented.
Grayson Repowering Project
Grayson provides a vital source of local generation to provide power when demand exceeds the combined capacity of local rooftop solar, demand response, energy efficiency, and GWP’s limited transmission imports. Grayson also provides the power needed to cope with contingencies and maintain reserves. It has become critical to take action to modernize Grayson in order for GWP to continue to supply reliable electricity and bridge the gap to the City’s transition to 100% renewables.
Air Quality Regulatory Constraints
Rule 1135 air quality regulations establish deadlines for the repowering of the Grayson Power Plant by December 31, 2023, or GWP will need to shut down any units that do not meet South Coast Air Quality Management District (SCAQMD) Rule 1135 air quality 423 of 636
88c
3 5
7 1
standards that will then come into force.7 By December 31, 2022 – this month – the City must deliver to the SCAQMD the City’s written plan to bring the power plant into compliance with the new air quality requirements8.
Background and Next Steps
The City Council, GWP Commission, and City staff have been engaged in a lengthy process of analysis, development work, and exploration of alternatives to replace Grayson, including:
•2015 Integrated Resource Plan adopted, recommending 262 MW Repower Project
•2016-2022 Environmental Impact Report preparation and project development •2018 Initial Hearing on Environmental Impact Report
Clean Energy RFP issued; proposals modeled; interim IRP adopted •2019 Integrated Resource Plan adopted, recommending new portfolio including more clean energy resources, 93 MW Wartsila Engines and Tesla Batteries
Negotiation of new Clean Energy contracts
Council authorizes Limited Notice to Proceed with Wartsila &Tesla •2020 City Council authorizes study of additional Grayson EIR alternatives •2021 100% Clean by 2030 Study completed and presented
•2022 Final Environmental Impact Report certified
2022 Clean Distributed Energy Resource RFP issued
EcoMotion retained to consult on RFP and Clean Energy options On February 15, 2022, the City Council certified the Final Environmental Impact Report for the Grayson Repowering Project. On the same day, the City Council approved Project Alternative 7 which would demolish and replace existing Grayson Power Plant Units 1 through 8 to be replaced with a 75 Megawatt (MW)/ 300 Megawatt-hour (MWh) Tesla Battery Energy Storage System (“BESS”) and five Wartsila Reciprocating Internal Combustion Engines producing 93 Megawatts (MW). Alternative 7 also adds a new Glendale Switching Station and related improvements to the Grayson Power Plant Site.
On March 1, 2022, the City Council modified Grayson Project Alternative 7, directing staff to hold off on procuring the five Wartsila Engines but to proceed with all other aspects of the project, including making the site ready for up to five Wartsila engines.
Council also directed staff to return to City Council no later than the end of December 2022 for a decision regarding the procurement of the Wartsila engines.
At the March 1, 2022, City Council meeting, Councilmembers recommended that Glendale meet with the City of Los Angeles/ Los Angeles Department of Water & Power (LADWP) to determine whether LADWP might be able to supply Glendale with 100 MW of reserve power, in order for Glendale to completely avoid or reduce the number of Wartsila engines needed.
7 Modifying Units 1-5 to comply with the new air emissions requirements is infeasible. Modifying Units 8A and 8BC would require a major project- replacement of the Heat Recovery System Generator (HRSG).
Unit 9 can be modified to meet the new air emissions requirements. 8 The December 31, 2022, date reflects a six-month extension the City already obtained. All other generators were required to submit their plans by June 30, 2022. 424 of 636
98c
3 5
7 1
On March 21, 2022, two Councilmembers, the City Manager and GWP’s General Manager, met with LADWP senior representatives and a member of the Board of Los Angeles Water and Power Commission to discuss the amount of reserves that GWP must carry (N-1, N-1-1) and the possibility of LADWP providing power and/or reserves to Glendale to help GWP avoid the need to repower the Grayson Power Plant. LADWP confirmed during the meeting and in a follow up written communication that 1) LADWP does not have 100 MW of capacity available to provide to Glendale, and that 2) GWP must maintain adequate reserves at all times (except during the first 60 minutes of a contingency event) to cover GWP’s N-1 and N-1-1 reserve obligations -- even if that means turning off power to Glendale customers.
Since the March 2022 meeting, GWP and LADWP have continued to meet on a bi- weekly basis to identify and collaborate on longer-term initiatives such as LADWP Strategic Transmission Plan and opportunities for future joint transmission and/or generation projects which would be implemented over a much longer time horizon, i.e., 20+ years. However, LADWP’s position – that it is unable to sell reserves or energy to Glendale to meet Glendale’s reserve obligations -- has not changed.
At the August 16, 2022, City Council meeting, Council passed a resolution authorizing the GWP General Manager to utilize an alternative project delivery method for the engineering, procurement, and construction of the balance of site work for the Grayson Repowering Project. Council also passed a resolution rejecting the sole bid process related to the Unit 9 Separation bid specification, dispensing with further competitive bidding, and authorizing the City Manager to negotiate and execute a contract with ARB, Inc. The Council also adopted a motion authorizing the City Manager to execute a Professional Service Agreement with Wartsila North America and authorized a Phase 2 Limited Notice to Proceed engineering services for three Wartsila engines. The Council also authorized the City Manager to execute amendments to professional service agreements with Stantec Consulting Services, Inc., Black & Veatch, and Clean Power Consulting Partners for ongoing services related to the Grayson Repower Project, and adopted a resolution of appropriation to fund same.
This update is provided to implement the City Council’s direction and seek approval of various contracts, amendments, and procurement methodologies described in this report, in order to implement the City Council’s direction regarding the Grayson Repowering Project.
ANALYSIS
Grayson Repowering Project Update
On March 1, 2022, the City Council adopted a resolution directing City staff to proceed with aspects of the Grayson Repowering Project (Modified Alternative 7) and directed staff to return to the City Council before the end of 2022 for a decision regarding the purchase of Wartsila engines.
Update on Procurement of the Tesla, Inc. Battery Energy Storage System In 2019, the City Council authorized the GWP to commence negotiations with Tesla for the Engineer, Procure, Construct (EPC) contract for the supply, delivery, installation, and commissioning of a 50 MW/ 200 MWh Battery Energy Storage System (BESS).
Subsequently the parties were to negotiate and finalize the terms of the Long-Term 425 of 636
108c
3 5
7 1
Maintenance Agreement (LTSA)/Capacity Maintenance Agreement (CWA) to provide preventative and corrective maintenance services and furnish spare parts as needed with the CMA required to maintain full capacity over the 20-year life.
On June 25, 2022, Tesla provided updated indicative pricing for the EPC contract (50 MW/ 200 MWh BESS) of approximately $115 million. This was a 45% increase over the indicative pricing of approximately $79 million that was provided in December 2021.
The ongoing price increases arose out of significant supply chain and cost escalation issues occurring for battery and electrical projects at this time, including significant escalation in Lithium pricing over the past several years.
In late June, Tesla notified staff that Tesla is no longer offering energy capacity maintenance contracts due to continuing significant escalation in lithium pricing. That is, the 200 MWh system capacity will not be maintained at 200 MWH for the 20-year contract term and that capacity will degrade over time. In the future, as the batteries degrade, the City will need to purchase additional modules to maintain the original project capacity. These modules would either be installed in planned spare space in the Megapacks or would replace existing heavily used modules.
For the past few months, the City and Tesla have discussed terms related to the EPC and LTSA, but were not able to come to an agreement. Among others the primary issues of difference, in addition to the issues raised above, include: (1) the timeframe between the EPC contract execution and the equipment delivery / project completion necessary to meet the project schedule; (2) a variable price adjustment based on lithium pricing; (3) vendor request for a bilateral indemnification; and (4) the City’s bonding requirements which are set pursuant to California State law and required for public works contracts. Other terms upon which the parties could not agree included vendor provisions for choice of law and arbitration of disputes based in Texas.
As a result, the parties have terminated negotiations and staff is now seeking City Council’s authorization to include procurement and installation of a BESS as part of the Balance of Site (BOS) EPC Contractors scope. The BOS EPC Contractor will have a BESS specification with which they must comply but will be free to offer a Tesla or other competing system meeting the City’s specifications. The BOS EPC RFP is expected to be issued in January 2023.
Phase 2 LNTP Contract for Wartsila Engines
Per the City Council’s direction not to move forward at this time with the purchase of the Wartsila engines, the Wartsila contract work will be segregated into two agreements: (1) A “Phase 2 Limited Notice to Proceed” (LNTP) contract for further engineering work to prepare for the three Wartsila engines; and (2) An “Engineer, Procure, Construct” contract for final engineering work, procurement, construction, and commissioning of the Wartsila Power Island.9 Negotiation of the latter contract, and all procurement activities for the Wartsila power island and the Full Notice to Proceed, are on hold pending the City Council’s decision regarding the installation and number of Wartsila engines.
9 The City Council authorized the use of an Alternative Project Delivery Method for both the Tesla and Wartsila Engineer, Procure, and Construct Contracts and the Long-Term Service Agreements on July 23, 2019.
426 of 636
118c
3 5
7 1
GWP and Wartsila have negotiated a contract for a “Phase 2 LNTP” professional services agreement that would provide GWP with design drawings for the Wartsila foundations and associated piles for a three-engine power island that are ready for “Issued for Construction” for an amount not to exceed $9,882,000. The proposal includes the necessary engineering work to achieve 60% design completion which is the point in the Wartsila design process where the foundation design will be ready to be issued for construction. The “Limited Notice to Proceed” design process will take fifteen months to complete. This effort started in earnest at the beginning of November. The general arrangement, basic electrical distribution design, and seismic design requirements have been finalized.
On August 16, 2022, Staff recommended, and the City Council authorized a contract with Wartsila for the Phase 2 LNTP professional services agreement so that the work of preparing the design package for the Wartsila power island can begin per the Council’s direction. A reserve for contingencies in the amount of $988,200 (10% of the contract price) is recommended to address any design changes that may arise.
It is important to note that the design package that Wartsila will prepare under the Phase 2 LNTP Agreement is premised on a three-engine power island. A change in the project from a 3-engine project to a project with a different number of engines could potentially require rework design services not included in the contract10. The cost and schedule impact of any such additional design work, if a different number of engines are selected, is unknown at this time.
Air Permits and Emissions Reduction Credits for Five Wartsila Engines The City has submitted an air permit application to the South Coast Air Quality Management District (SCAQMD) for the five Wartsila engines and the application has been reviewed by SCAQMD air permitting engineers. GWP awaits the SCAQMD’s decision regarding the emissions reduction credits needed for the project which is pending the City’s decision on the final number of engines.
Financing
As discussed with the City Council on March 1, 2022, a decision regarding the procurement of the Wartsila engines is needed in order to obtain bond financing to fund the Grayson Repower Project. Recently rising interest rates are expected to impact the cost of the financing for the project.
Southern California Gas Company Collective Work Authorization As part of the Grayson Repowering Project, the Southern California Gas Co. (SoCalGas) will need to perform work on their system which currently serves the Grayson Power Plant. This work includes decommissioning and removal of equipment, and the installation and commissioning of a new single-meter set assembly to serve the entire plant. Phase 1 of this work will consist of decommissioning, removal of equipment, engineering research, analysis, and design. Phase 2 will consist of construction. Each phase will require a separate SoCalGas Collective Work Authorization (CWA) to proceed. The Engineer’s cost estimate for Phase 1 is $400,000. Funds for Phase 1 have been appropriated and available from the GWP 10 A change in the number of engines would require modifying the drawings to indicate what should still be built, and some features would need to be re-sized or re-located. 427 of 636
128c
3 5
7 1
Electric Depreciation Fund. The cost estimate for Phase 2 will depend on the results of Phase 1. Staff is recommending City Council to authorize the City Manager to execute a SoCalGas CWA for Phase 1 of the work for an amount not to exceed $400,000.
Conclusion
As directed by the City Council, staff has proceeded to implement all aspects of the Grayson Repowering Project except for procurement of Wartsila Engines. Staff requests that the City Council approve the contracts, amendments, and procurement actions recommended herein to further the development of the project and note and file this report regarding the status of the Grayson Repowering Project and energy procurement efforts. Also included for Council consideration is a motion directing staff to prepare the necessary actions and approvals for Council consideration to authorize the purchase and installation of the five Wartsila engines.
STAKEHOLDERS/OUTREACH
The City obtained comments and input from the public regarding the Grayson Repowering Project through the Environmental Impact Report process and through public and community meetings, including City Council and Commission meetings.
GWP continues to present updates regarding the Grayson Repowering Project and its Clean Energy initiatives to the Glendale Water & Power Commission. The Glendale Water & Power Commission has prepared and transmitted a letter to the City Councilmembers with recommendations regarding the Grayson Repowering Project, and a copy of that letter is attached to this Report as Exhibit 2.
FISCAL IMPACT
GWP anticipates that the Grayson Repowering Project will be funded through bond issuances. On July 19, 2016 and July 23, 2019, the City Council adopted Bond Reimbursement Resolutions (Reso 16-129 and Reso 19-94 respectively) which allow the City to recoup expenditures made for the Grayson Repowering Project development from bond proceeds, if and when bonds are issued for the project.
ENVIRONMENTAL REVIEW
The Final Environmental Impact Report (EIR) for the Grayson Repowering Project was certified on February 15, 2022.
This report providing updates on the Grayson Repower, power supply planning, and on various clean energy programs is exempt from the requirements of the California Environmental Quality Act (CEQA) as it will not have a direct physical change or reasonably foreseeable indirect physical change in the environment. Cal. Public Resources Code Section 21065.
CAMPAIGN DISCLOSURE
The names and business addresses of the members of the boards of directors, the chairpersons, CEO, COO, CFO, Subcontractors and any person or entity with more than 10% interest in the companies proposed for contract in this Agenda Item Report are attached in Exhibit 3, in accordance with City Ordinance No. 5744. 428 of 636
138c
3 5
7 1
ALTERNATIVES
Alternative 1: Adopt the Motions and Resolutions as recommended herein.
Alternative 2: Do not Adopt the Motions and Resolutions as recommended herein.
Alternative 3: Consider any other alternative or adopt a Motion providing direction to staff with regard to the subject matter of this report.
ADMINISTRATIVE ACTION
Prepared by:
Scott K. Mellon, P.E., Assistant General Manager – Power Management Dorine Martirosian, Principal Assistant City Attorney
Approved by:
Roubik R. Golanian, P.E., City Manager
EXHIBITS / ATTACHMENTS
Exhibit 1: Project Chronology and Schedule.
Exhibit 2: GWP Commission letter to Glendale City Council dated June 6, 2022 Exhibit 3: Campaign Finance Disclosure for Wartsila North America, Inc. 429 of 636
1 7
6 3
9 RESOLUTION NO. ________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GLENDALE, CALIFORNIA, AMENDING RESOLUTION 22-34 TO PROVIDE DIRECTION TO
STAFF REGARDING THE IMPLEMENTATION OF THE GRAYSON
REPOWERING PROJECT UTILIZING FIVE WARTSILA ENGINES;
AMENDING RESOLUTION 22-127 TO ADD THE PROCUREMENT OF
BATTERY ENERGY STORAGE SYSTEM TO THE SCOPE OF THE REQUEST FOR PROPOSALS FOR THE BALANCE OF SITE WORK; AND
AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO EXECUTE A
CONTRACT, AND ALL RELATED AND NECESSARY DOCUMENTS, FOR
THE ENGINEERING, PROCUREMENT, AND CONSTRUCTION OF FIVE
WARTSILA ENGINES AND ASSOCIATED POWER ISLAND EQUIPMENT
AND FACILITIES
WHEREAS, the City’s aging Grayson Power Plant is experiencing an increasing frequency in unplanned and forced outages, which threaten local reliability; and
WHEREAS, a majority of the existing generation units at the Grayson Power Plant would no longer be allowed to continue operating beyond 2023 without major air quality retrofits to meet South Coast Air Quality Management District emissions limits; and
WHEREAS, without the Grayson Power Plant, the City will not have sufficient sources of power to meet energy demand within the City while maintaining sufficient power reserves; and
WHEREAS, the City’s Department of Water and Power (“GWP”) studied Alternative 7, the Tesla/Wartsila Project Alternative (Battery Energy Storage System combined with five reciprocating internal combustion engines), as one of the Project Alternatives for the Grayson Repowering Project in the 2022 Final Environmental Impact Report, State Clearinghouse No. 2016121048 (“2022 Final EIR”), as an option to repower the existing Grayson Power Plant and determined the Tesla/Wartsila Project Alternative would meet the proposed Project objectives and would result in the fewest potential environmental impacts when compared to the proposed Project and other Alternatives evaluated; and WHEREAS, on February 15, 2022, the City Council adopted Resolution No. 22-28, Certifying a Final Environmental Impact Report for the Grayson Repowering Project, and making certain findings and determinations; and WHEREAS, on February 15, 2022, the City Council adopted Resolution No. 22-29 approving Grayson Repowering Alternative 7 (Tesla/Wartsila Project Alternative), adopting a Statement of Overriding Considerations, and Making 430 of 636
2 7
6 3
9 Findings in support thereof, adopting a Mitigation, Monitoring, and Reporting Program, and directing staff to take actions in furtherance thereof; and WHEREAS, on March 1, 2022, the City Council adopted Resolution No. 22-34, amending City Council Resolution 22-29 whereby it modified Alternative 7 and provided direction relating to same as follows:
“Section 2. Alternative 7 of the Grayson Repowering Project, the Tesla/Wartsila Project Alternative, defined herein as:
•A 75 MW/300 MWH energy storage system;
•Five Wartsila reciprocating internal combustion engine units producing approximately 93 MW net at average annual site conditions;
•A new switching station; and
•Related facilities.
as approved and adopted on February 15, 2022, Alternative 7 shall be modified such that staff is directed not to purchase Wartsila engines until a decision regarding their purchase is made by City Council in December 2022, or earlier if directed by the City Council.”
WHEREAS, on March 1, 2022, the City Council by Resolution No. 22-34, also amended Section 5 of City Council Resolution 22-29, and directed staff as follows:
“Section 3. Section 5 of the City Council Resolution No. 22-29 is hereby amended and replaced with the following Section 5:
‘Section 5. In furtherance of the Council’s selection of the Alternative 7 Tesla/Wartsila Project Alternative to repower the Grayson Power Plant, Staff is hereby directed to proceed with the following:
a. Separation of Unit 9 from the Grayson Power Plant;
b. Demolition of Grayson Power Plant Units 1-8 and environmental remediation and the Grayson site;
c. Procurement of the Tesla Battery Energy Storage System; d. Necessary engineering, procurement, and construction to integrate the Tesla Battery Energy Storage System into the Grayson site; 431 of 636
3 7
6 3
9 e. Necessary engineering, procurement, and construction to prepare for the addition of up to five Wartsila engines at Grayson should Council decide to proceed with any number of these engines; f. Air permits and procurement of emissions reduction credits for the five Wartsila engines;
g. All required bonding to finance the above.’
Staff is further directed to return to City Council no later than the end of Calendar Year 2022 for a decision regarding the purchase of Wartsila engines.”
WHEREAS, on August 16, 2022, City Council adopted Resolution No. 22- 127 authorizing the General Manager of GWP to utilize the Alternative Project Delivery Method pursuant to Chapter 4.13 of the Glendale Municipal Code (“GMC”) for the engineering, procurement, and construction of the Balance of Site (“BOS”) for the Grayson Repowering Project; and
WHEREAS, on August 16, 2022, the City Council adopted a Motion authorizing the City Manager, or his designee, to execute a Professional Services Agreement (“PSA”) with Wartsila North America, Inc. to provide Phase 2 Limited Notice to Proceed Engineering Services for the Grayson Repowering Project for 3 Wartsila engines for an amount not to exceed $9,882,000 plus a 10% ($988,000) reserve for contingencies, which PSA may be further amended by the City Council to authorize services for 5 Wartsila engines; and WHEREAS, in November 2022, the City and Tesla reached an impasse in contract negotiations for the direct engineer procurement, and construction of the Battery Energy Storage System (“BESS”), for the reasons described in the Report dated December 13, 2022 from the General Manager of GWP; and WHEREAS, in light of this impasse, the City is modifying its implementation plan for Alternative 7 by requesting that proposers for the BOS engineering, procurement and construction Request for Proposals (“BOS EPC RFP”) include supply of a Battery Energy Storage System (“BESS”) and the necessary engineering, procurement, and construction to integrate the BESS into the Grayson site; and
WHEREAS, the BOS EPC RFP will not mandate that the proposers utilize Tesla batteries, however, the proposers will be free to propose the BESS of their choice which can include Tesla. The City will evaluate the best choice for the BOS EPC Contractor including consideration of the BESS, and should a proposer use Tesla, the proposer will contract directly with Tesla and will be directly responsible to satisfy all of the City’s requirements. There will be no 432 of 636
4 7
6 3
9 direct contract between the City and the BESS supplier. The City would directly negotiate a separate Long Term Services contract with the BESS supplier; and WHEREAS, on March 1, 2022, City Council’s directed staff to pursue 50 MW of Distributed Energy Resources (“DER”) within the City and on May 27, 2022, GWP issued and RFP to ascertain the feasibility of DER projects of different scales and sizes; and
WHEREAS, the DER process has identified various projects and resources, which will help the City meet some of the City’s electrical energy demands but which will not alleviate the need for the proposed Grayson Repowering Project incorporating Wartsila engines; and
WHEREAS, pursuant to City Council’s direction, on March 21, 2022 GWP staff met with Los Angeles Department of Water & Power (“Los Angeles”) to ascertain whether Los Angeles could agree to supply the City/GWP with energy and reserves in lieu of building the Grayson Repowering Project and was advised by Los Angeles that that GWP must maintain adequate reserves at all times to cover GWP’s N-1 and N-1-1 reserve obligations even to the point of shedding load, and that Los Angeles did not have 100 MW of capacity available to assist in supporting GWP’s system.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Glendale, California that:
I. Direction Regarding the Implementation of the Grayson Repowering Project Alternative 7:
Section 1. The recitals above are incorporated herein by this reference and made a part of the findings in support this Resolution.
Section 2. Section 3 of the City Council Resolution No. 22-34 (which modified and replaced Section 5 of the City Council Resolution No. 22-29) is hereby amended as follows:
In furtherance of the Council’s selection of the Alternative 7 Tesla/Wartsila Project Alternative to repower the Grayson Power Plant, Staff is hereby directed to proceed with the following:
a. Continue with Unit 9 separation;
b. Complete the bidding process for the Demolition and Site Improvement of Grayson Power Plant Units 1-8 and
environmental remediation of the Grayson site, and following award enter into a contract for the same;
433 of 636
5 7
6 3
9 c. Prepare and release an RFP for the BOS EPC contract, inclusive of for the work and costs to engineer, procure and construct a BESS up to 75 MW/300 MWh and integrate the
said BESS and the Wartsila power island into the Grayson Power Plant site;
d. Proceed with necessary engineering, procurement, and construction to prepare for the addition of five Wartsila engines at Grayson;
e. Proceed with South Coast Air Quality Management District permitting for five Wartsila engines; finalize the negotiation of contracts for purchase of the necessary emissions reduction credits, and present the same to the City Council for
approval; and
f. Issue bids for all required bonding, prepare bond document and seek City Council adoption of a bond ordinance, to
finance the above.
II. Addition of the procurement of BESS to the Scope of the Balance of Site (BOS) EPC RFP:
Section 3. Section 2 of the City Council Resolution No. 22-127 which authorized the Alternative Project Delivery Method pursuant to Chapter
4.13 of the GMC for the engineering, procurement and construction of the BOS work for the Grayson Repowering Project, is amended to include procurement of a BESS in the scope of the BOS EPC RFP.
III. Purchase of 5 Wartsila Engines:
Section 4. The City Council hereby authorizes the City Manager, or his designee, to enter into Amendment No. 1 to the Professional Services Agreement (“PSA”), authorized on August 16, 2022, with Wartsila North America, Inc., for Phase 2 Limited Notice to Proceed Engineering Services for the Grayson Repowering Project to amend the PSA to include 2 additional Wartsila engines for a total of 5 Wartsila engines in the scope of services. The not to exceed amount of $9,882,000 plus a 10% reserve for contingencies in the amount of $988,200) shall remain the same. The form of said agreement shall be subject to the approval of the City Attorney.
Section 5. The City Council hereby authorizes the City Manager, or his designee, to enter into and execute a contract with Wartsila North America, Inc. to purchase engineering, procurement, construction, and commissioning services for 5 Wartsila engines and associated equipment and infrastructure within the Wartsila power island as described in the 2022 Final EIR, in the not to exceed 434 of 636
6 7
6 3
9 amount of $240,000,000, subject to City Council’s authorization for financing.
The form of said contract shall be subject to the approval of the City Attorney.
Section 6. The City Council further authorizes the City Manager, or his designee, to enter into and execute any related and necessary supplemental documents to the herein authorized contract for the installation of a 5 engine Wartsila power island. The form of said documents shall be subject to the approval of the City Attorney.
Adopted by the Council of the City of Glendale on this ___ day of _________, 2022.
________________________________
Mayor
ATTEST:
_____________________________________
City Clerk
STATE OF CALIFORNIA ) SS.
COUNTY OF LOS ANGELES )
I, Suzie Abajian PhD, City Clerk of the City of Glendale, hereby certify that the foregoing Resolution No. _______________ was adopted by a majority vote of the Council of the City of Glendale, California, at a regular meeting held on the ______ day of ______________________, 2022, and that the same was adopted by the following vote:
Ayes:
Noes:
Absent:
435 of 636
7 7
6 3
9 Abstain:
________________________
City Clerk
436 of 636
1 7
6 4
0 RESOLUTION NO. ________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GLENDALE, CALIFORNIA, AMENDING RESOLUTION 22-34 TO PROVIDE DIRECTION TO
STAFF REGARDING THE IMPLEMENTATION OF THE GRAYSON
REPOWERING PROJECT UTILIZING THREE WARTSILA ENGINES;
AMENDING RESOLUTION 22-127 TO ADD THE PROCUREMENT OF
BATTERY ENERGY STORAGE SYSTEM TO THE SCOPE OF THE REQUEST FOR PROPOSALS FOR THE BALANCE OF SITE WORK; AND
AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO EXECUTE A
CONTRACT, AND ALL RELATED AND NECESSARY DOCUMENTS, FOR
THE ENGINEERING, PROCUREMENT, AND CONSTRUCTION OF THREE
WARTSILA ENGINES AND ASSOCIATED POWER ISLAND EQUIPMENT
AND FACILITIES
WHEREAS, the City’s aging Grayson Power Plant is experiencing an increasing frequency in unplanned and forced outages, which threaten local reliability; and
WHEREAS, a majority of the existing generation units at the Grayson Power Plant would no longer be allowed to continue operating beyond 2023 without major air quality retrofits to meet South Coast Air Quality Management District emissions limits; and
WHEREAS, without the Grayson Power Plant, the City will not have sufficient sources of power to meet energy demand within the City while maintaining sufficient power reserves; and
WHEREAS, the City’s Department of Water and Power (“GWP”) studied Alternative 7, the Tesla/Wartsila Project Alternative (Battery Energy Storage System combined with five reciprocating internal combustion engines), as one of the Project Alternatives for the Grayson Repowering Project in the 2022 Final Environmental Impact Report, State Clearinghouse No. 2016121048 (“2022 Final EIR”), as an option to repower the existing Grayson Power Plant and determined the Tesla/Wartsila Project Alternative would meet the proposed Project objectives and would result in the fewest potential environmental impacts when compared to the proposed Project and other Alternatives evaluated; and WHEREAS, on February 15, 2022, the City Council adopted Resolution No. 22-28, Certifying a Final Environmental Impact Report for the Grayson Repowering Project, and making certain findings and determinations; and WHEREAS, on February 15, 2022, the City Council adopted Resolution No. 22-29 approving Grayson Repowering Alternative 7 (Tesla/Wartsila Project Alternative), adopting a Statement of Overriding Considerations, and Making 437 of 636
2 7
6 4
0 Findings in support thereof, adopting a Mitigation, Monitoring, and Reporting Program, and directing staff to take actions in furtherance thereof; and WHEREAS, on March 1, 2022, the City Council adopted Resolution No. 22-34, amending City Council Resolution No. 22-29 whereby it modified Alternative 7 and provided direction relating to same as follows:
“Section 2. Alternative 7 of the Grayson Repowering Project, the Tesla/Wartsila Project Alternative, defined herein as:
•A 75 MW/300 MWH energy storage system;
•Five Wartsila reciprocating internal combustion engine units producing approximately 93 MW net at average annual site conditions;
•A new switching station; and
•Related facilities.
as approved and adopted on February 15, 2022, Alternative 7 shall be modified such that staff is directed not to purchase Wartsila engines until a decision regarding their purchase is made by City Council in December 2022, or earlier if directed by the City Council.”
WHEREAS, on March 1, 2022, the City Council by Resolution No. 22-34, also amended Section 5 of City Council Resolution 22-29 and directed staff as follows:
“Section 3. Section 5 of the City Council Resolution No. 22-29 is hereby amended and replaced with the following Section 5:
‘Section 5. In furtherance of the Council’s selection of the Alternative 7 Tesla/Wartsila Project Alternative to repower the Grayson Power Plant, Staff is hereby directed to proceed with the following:
a. Separation of Unit 9 from the Grayson Power Plant;
b. Demolition of Grayson Power Plant Units 1-8 and environmental remediation and the Grayson site;
c. Procurement of the Tesla Battery Energy Storage System; d. Necessary engineering, procurement, and construction to integrate the Tesla Battery Energy Storage System into the Grayson site; 438 of 636
3 7
6 4
0 e. Necessary engineering, procurement, and construction to prepare for the potential addition of up to five Wartsila engines at Grayson should Council decide to proceed with any number of these engines;
f. Air permits and procurement of emissions reduction credits for the five Wartsila engines;
g. All required bonding to finance the above.’
Staff is further directed to return to City Council no later than the end of Calendar Year 2022 for a decision regarding the purchase of Wartsila engines.”
WHEREAS, on August 16, 2022, City Council adopted Resolution No. 22- 127 authorizing the General Manager of GWP to utilize the Alternative Project Delivery Method pursuant to Chapter 4.13 of the Glendale Municipal Code (“GMC”) for the engineering, procurement, and construction of the Balance of Site (“BOS”) for the Grayson Repowering Project; and
WHEREAS, on August 16, 2022, the City Council adopted a Motion authorizing the City Manager, or his designee, to execute a Professional Services Agreement (“PSA”) with Wartsila North America, Inc. to provide Phase 2 Limited Notice to Proceed Engineering Services for the Grayson Repowering Project for 3 Wartsila engines for an amount not to exceed $9,882,000 plus a 10% ($988,000) reserve for contingencies; and
WHEREAS, in November 2022, the City and Tesla reached an impasse in contract negotiations for the direct engineer procurement, and construction of the Battery Energy Storage System (“BESS”), for the reasons described in the Report dated December 13, 2022 from the General Manager of GWP; and WHEREAS, in light of this impasse the City is modifying its implementation plan for Alternative 7 by requesting that proposers for the Balance of Site engineering, procurement and construction Request For Proposals to the Balance of Site (“BOS”) engineering, procurement and construction Request For Proposals (“BOS EPC RFP”) also include supply of a Battery Energy Storage System (“BESS”) and the necessary engineering, procurement, and construction to integrate the BESS into the Grayson site; and WHEREAS, the BOS EPC RFP will not mandate that the proposers utilize Tesla batteries, however, the proposers will be free to propose the BESS of their choice which can include Tesla. The City will evaluate the best choice for the BOS EPC Contractor including consideration of the BESS, and should a proposer use Tesla, the proposer will contract directly with Tesla and will be 439 of 636
4 7
6 4
0 directly responsible to satisfy all of the City’s requirements. There will be no direct contract between the City and the BESS supplier. The City would directly negotiate a separate Long Term Services contract with the BESS supplier; and WHEREAS, on March 1, 2022 City Council’s directed staff to pursue 50 MW of Distributed Energy Resources (“DER”) within the City and on May 27, 2022, GWP issued an RFP to ascertain the feasibility of DER projects of different scales and sizes; and
WHEREAS, the DER process has identified various projects and resources, which will help the City meet some of the City’s electrical energy demands but which will not alleviate the need for the proposed Grayson Repowering Project incorporating Wartsila engines; and
WHEREAS, pursuant to City Council’s direction, on March 21, 2022 GWP staff met with Los Angeles Department of Water & Power (“Los Angeles”) to ascertain whether Los Angeles could agree to supply the City/GWP with energy and reserves in lieu of building the Grayson Repowering Project and was advised by Los Angeles that that GWP must maintain adequate reserves at all times to cover GWP’s N-1 and N-1-1 reserve obligations even to the point of shedding load, and that Los Angeles did not have 100 MW of capacity available to assist in supporting GWP’s system.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Glendale, California that:
I. Direction Regarding the Implementation of the Grayson Repowering Project Alternative 7:
Section 1. The recitals above are incorporated herein by this reference and made a part of the findings in support this Resolution.
Section 2. Section 3 of the City Council Resolution No. 22-34 (which modified and replaced Section 5 of the City Council Resolution No. 22-29) is hereby amended as follows:
In furtherance of the Council’s selection of the Alternative 7 Tesla/Wartsila Project Alternative to repower the Grayson Power Plant, Staff is hereby directed proceed with the following:
a. Continue with Unit 9 separation;
b. Complete the bidding process for the Demolition and Site Improvement of Grayson Power Plant Units 1-8 and
environmental remediation of the Grayson site, and following award enter into a contract for the same;
440 of 636
5 7
6 4
0 c. Prepare and release an RFP for the BOS EPC contract, inclusive of for the work and costs to engineer, procure and construct a BESS up to 75 MW/300 MWh and integrate the
said BESS and the Wartsila power island into the Grayson Power Plant site;
d. Proceed with necessary engineering, procurement, and construction to prepare for the addition of three Wartsila engines at Grayson;
e. Proceed with South Coast Air Quality Management District permitting for three Wartsila engines; finalize the negotiation of contracts for purchase of the necessary emissions
reduction credits, and present the same to the City Council for approval; and
f. Issue bids for all required bonding, prepare bond document and seek City Council adoption of a bond ordinance, to
finance the above.
II. Addition of the procurement of BESS to the Scope of the Balance of Site (BOS) EPC RFP:
Section 3. Section 2 of the City Council Resolution No. 22-127 which authorized the Alternative Project Delivery Method pursuant to Chapter
4.13 of the GMC for the engineering, procurement and construction of the BOS work for the Grayson Repowering Project, is amended to include procurement of a BESS in the scope of the BOS EPC RFP.
III. Purchase of 3 Wartsila Engines:
Section 4. The City Council hereby authorizes the City Manager, or his designee, to enter into and execute a contract with Wartsila North America, Inc. to purchase engineering, procurement, construction, and commissioning services for 3 Wartsila engines and associated equipment and infrastructure within the Wartsila power island as described in the 2022 Final EIR, in the not to exceed amount of $170,000,000, subject to City Council’s authorization for financing.
The form of said contract shall be subject to the approval of the City Attorney.
Section 5. The City Council further authorizes the City Manager, or his designee, to enter into and execute any related and necessary supplemental documents to the herein authorized contract for the installation of a 3 engine Wartsila power island. The form of said documents shall be subject to the approval of the City Attorney.
441 of 636
6 7
6 4
0 Adopted by the Council of the City of Glendale on this ___ day of _________, 2022.
________________________________
Mayor
ATTEST:
_____________________________________
City Clerk
STATE OF CALIFORNIA ) SS.
COUNTY OF LOS ANGELES )
I, Suzie Abajian PhD, City Clerk of the City of Glendale, hereby certify that the foregoing Resolution No. _______________ was adopted by a majority vote of the Council of the City of Glendale, California, at a regular meeting held on the ______ day of ______________________, 2022, and that the same was adopted by the following vote:
Ayes:
Noes:
Absent:
Abstain:
________________________
City Clerk
442 of 636
M O T I O N
Moved by Council Member ________________________________, seconded by Council Member __________________________________, that the Council of the City hereby authorizes the City Manager, or his designee, to enter into a Collectible Work Authorization (“CWA”) agreement with the Southern California Gas Company, in an amount not to exceed $400,000, for services related to the improvement and upgrade of Southern California Gas Company facilities related to the Grayson Repowering Project. The form of said agreement shall be subject to the approval of the City Attorney.
Vote as follows:
Ayes:
Noes:
Absent:
Abstain:
443 of 636
Exhibit 1
Timeline/Milestones
x
RFP for an Integrated Resource Plan (IRP)
consultant and an Owner's Engineer (OE) February 2014
Award Contact for an IRP consultant August 2014
2015 IRP approved by City Council June 2015
City Council selects preferred portfolio
including Grayson Power Plant option; City
Council directs GWP to proceed with design,
engineering, environmental review, and
evaluation of financing options for
250 MW Repowering Option
June 2015
Design, engineering, permitting and
environmental assessments
July 2015 - February 2022
RFP process and selection of Bond Counsel
and Financial Services Advisor
February 2016
RFP for Power Island Equipment Contractor
(PIE)
January 2016
Award a Limited Notice-to-Proceed (LNTP)
Contract for PIE November 2016
RFQ issued for Engineering, Procurement,
and Construction (EPC) contractors February 2017
Approval of Project Labor Agreements (PLA) February 2017 RFP issued for an EPC contractor August 2017
Draft Environmental Impact Report
public comment period
September 18, 2017 -
November 20, 2017
Final EIR Hearing; Alternatives presented for
City Council consideration: Council April 10, 2018
444 of 636
recommended to look at additional
Alternatives (no action taken on EIR)
Clean Energy RFP Issued May 4, 2018
SCAQMD Amends Rule 1135 November 2, 2018
Evaluation, interviews, modeling; short-listing
and negotiation of Clean Energy Proposals Aug. 2018 - June 2019 Integrated Resource Plan
Community Meetings April 10 - 18, 2019
Integrated Resource Plan Survey
Available Online March 3 - April 22 2019
Alternative Grayson Repowering Proposal &
IRP Presented to GWP Commission July 1, 2019
2019 IRP Approved by City Council July 23, 2019
Glendale City Council Approves Limited
Notice to Proceed for Alternative Grayson
Repowering Plan. Clean Energy Projects
Shortlisted
July 23, 2019
25.25 MW Virtual Power Plant green-lighted
for contract negotiation October 13, 2020
City Council authorizes additional funding for
Study of EIR Alternative 7 and new
EIR Alternative 8
December 15, 2020
100% Clean Energy by 2030 Study presented
to City Council March 2021
Partially-Recirculated DEIR (PR-DEIR) issued
for public comment period August 9, 2021
445 of 636
Begin procurement process for Demolition
Contractor and Unit 9 separation contracts September 14, 2021 Close of PR-DEIR public comment period November 15, 2021 Final EIR update presented to
Historic Preservation Commission January 20, 2022
Final EIR presented to GWP Commission January 31, 2022
Final EIR presented to
Sustainability Commission February 3, 2022
Virtual Power Plant Project presented to City
Council; Council directs further negotiations February 8, 2022 Final Grayson EIR Certified - City Council
approves Alternative 7, adopts Statement of
Overriding Considerations, and approves
Mitigation Monitoring and Reporting Plan
February 15, 2022
City Council adopts Modified Project
Alternative 7 and directs staff to proceed with
the Project
March 1, 2022
RFP issued for Local Clean Distributed
Energy Resources May 27, 2022
Contractor withdraws from
Proposed Virtual Power Plant Project July 8, 2022
Historic Preservation Commission approves
Grayson Demolition Clearance Application July 28, 2022
City Council consideration of:
-Award of Unit 9 Separation contract,
-Amendments to PM/OE contracts,
- Authorization to Utilize Alternative Project
Delivery Method for the Balance of Site EPC
- Award of Phase 2 Limited Notice to Proceed
Agreement with Wartsila
August 16, 2022
446 of 636
Tesla provides new standard EPC agreement September 9, 2022 Deadline for proposals in response to RFP for
Local Clean Distributed Energy Resources September 30, 2022 Tesla provides new standard LTSA agreement October 19, 2022 City Council decision on Wartsila procurement December 13, 2022 Deadline to submit written plan to SCAQMD:
City’s plan to bring Grayson Power Plant into
compliance with air quality Rule 1135
December 31, 2022
Start of Unit 9 Separation January 9, 2023
BOS EPC RFP Issued January 12, 2023
Demolition/Site Improvement Proposals Due February 15, 2023 Units 1-8 Final Shutdown April 9, 2023
Unit 9 Separated May 14, 2023
Commence Debt Issuance – Wartsila Bonds Second Quarter 2023 BOS EPC Proposals Due June 15, 2023
Award of Full Notice to Proceed Contract -
Wartsila (if applicable) Second Quarter 2023
Award of Balance of Site EPC Contract Third Quarter 2023 Start of Demolition & Site Improvement July 2023
Deadline for Grayson Power Plant to meet
requirements of Rule 1135
(non-compliant Units must be shut down)
December 31, 2023
447 of 636
Completion of Demolition & Site Improvement
and Start of Construction September 2024
Commercial Operation - BESS Fourth Quarter 2025
Commercial Operation - Wartsila
(if applicable) Third Quarter 2026
448 of 636
EXHIBIT 2
449 of 636
450 of 636
451 of 636
452 of 636
453 of 636
9a
CITY OF GLENDALE, CALIFORNIA
REPORT TO THE CITY COUNCIL
AGENDA ITEM
Report: Revisions to Chapter 30.26 Advertising Signage Overlay Zone (“ASOZ”) relating to expanding and further defining the number and types of signs permitted in the ASOZ and other miscellaneous text amendments. Introduction of an Ordinance approving a First Amendment to the 2020 Statutory Development Agreement with the Americana at Brand, LLC, in accordance with Glendale Municipal Code Chapter 30.26.100 for ASOZ Non- Accessory Signs and Sign Structures and Animated Signs and Sign Structures at the Americana at Brand.
1. Introduction of Ordinance amending Title 30.
2. Introduction of Ordinance adopting a First Amendment to the 2020 Development Agreement with the Americana at Brand, LLC
COUNCIL ACTION
Item Type: Public Hearing
Approved for December 6, 2022 calendar
EXECUTIVE SUMMARY
This report discusses proposed amendments to Title 30 of the Glendale Municipal Code,1995, as well as amendments to the 2020 Development Agreement with the Americana at Brand, LLC for signs in the Advertising Signage Overlay Zone (“ASOZ”).
Specifically, the Americana at Brand has submitted a Zone Code Text Amendment application proposing changes to Chapter 30.26 Advertising Signage Overlay Zone.
These changes include:
•Expanding the types of signs that can be “ASOZ non-accessory signs” to include freestanding signs and marquee signs, in addition to the currently permitted wall signs.
•Expanding the types of signs that can be animated signs to include freestanding signs and marquee signs, in addition to the currently permitted walls signs. •Miscellaneous amendments to facilitate the proposed amendments.
GMC Section 30.26.100 requires approval of a statutory development agreement when an ASOZ or an amendment to an ASOZ increases or permits new, additional or different 454 of 636
29a
3 8
3 1
signage. Because the proposed text amendment permits different signage an amended development agreement is required.
455 of 636
39a
3 8
3 1
COUNCIL PRIORITIES
Mobility/Connectivity/Safety: Standards contained in the proposed amendments to Chapter 30.26 include restrictions on location of signs and their brightness, among other standards. These requirements will ensure that the signs, and the changes proposed, will not adversely impact traffic safety.
RECOMMENDATION
That the City Council review the proposed amendments to Title 30, Chapter 30.26 of the Glendale Municipal Code, 1995, related to the advertising signage overlay zone and the First Amendment to the 2020 Development Agreement with the Americana at Brand, LLC, as recommended by the Planning Commission.
BACKGROUND
Zoning Text Amendments
In April 2004, the City Council approved the Glendale Town Center Specific Plan (TCSP or Plan) enabling the development of the Americana at Brand. The TCSP contains signage regulations for the Specific Plan area and required a Stage II design review approval for a sign program for this area. The former Redevelopment Agency approved the Stage II design submission, including the sign program, in April 2004. Initially, the TCSP and sign program did not allow large accessory wall signs within the Plan area.
In September 2009, the Americana at Brand and the Glendale Galleria jointly submitted a zone change application to establish an Advertising Signage Overlay Zone (ASOZ) and place the overlay zone over both developments. In March 2010, the City Council created the ASOZ by adding Chapter 30.26 to the City’s Zoning Code and amended the City’s Zoning Map by placing the ASOZ overlay zoning designation on the Galleria and Town Center Districts of the DSP.
In adopting the ASOZ for the Galleria and the Americana, the Council found that the advertising signage permitted within the ASOZ would contribute to the economic vitality of the geographic location in which the ASOZ is located and the downtown core in general while the ASOZ would continue to preserve the City’s interests in its sign regulations by promoting aesthetics and traffic safety through sign regulations of the ASOZ. The Council further found that the permitted signage within the ASOZ permits the cross-promotion of goods and services between these two regional commercial centers leading to enhanced sales tax and property values within the area.
Chapter 30.26 established criteria by which a geographic area could be designated as an ASOZ and contained certain sign regulations allowed by the ASOZ. These regulations included that only “ASOZ Accessory Signs” as defined by Chapter 30.26 be permitted. An “ASOZ accessory sign” can carry advertisement for services and goods sold or produced anywhere on the premises or within the ASOZ. Initial ASOZ regulations prohibited animated 456 of 636
49a
3 8
3 1
and changeable copy signs and the use of light emitting diodes (LED). As part of the zone change application, specific locations of certain wall signs (ASOZ accessory signs) within both the Glendale Galleria and the Americana at Brand were identified.
In May 2013, the Americana at Brand and the Glendale Galleria submitted zone text and zone map amendment applications which proposed changes to the ASOZ. These amendments were approved by the City Council in July 2013 and included that ASOZ accessory signs be allowed to advertise services and goods outside the boundaries of the ASOZ (“non-accessory signs” as defined in GMC Chapter 30.33 – Signs) and be allowed as animated ASOZ signs.
Additionally, the Americana received approval to expand the types of ASOZ signs to include banners and ground signs both within the public right-of-way and on private property. A zone map amendment to identify these additional signs on the map was also approved.
The Americana at Brand proposed additional changes to the ASOZ in 2019/2020, including eliminating two signs, adding one sign and modifying one sign within the development. City Council approved these changes, along with the ordinance approving a development agreement in January 2020.
Advertising Signage Overlay Zone Public Benefit Agreement As mentioned above, in March 2010, the City Council adopted Ordinance No. 5688, which added Chapter 30.26 Advertising Signage Overlay Zone (ASOZ) to the Glendale Municipal Code and revisions to ASOZ sign regulations were adopted in August 2013 and January 2020. As part of the 2013 revisions, GMC Section 30.26.100 was amended to condition the approval of an ASOZ or an amendment to an ASOZ that increased or permitted new, additional or different signage or sign media, to require approval of a statutory development agreement (Government Code Section 65864 et seq.). The development agreement governs the duration and regulations of the signage and requires the applicant to provide certain public benefits, which includes advertising revenue sharing or other public benefit, negotiated by the City and the ASOZ applicant. The GMC requires the development agreement to be approved prior to the issuance of permits for the enhanced signs.
ANALYSIS
The applicant is proposing some additional changes to the ASOZ. GMC Section
30.26.070 permits the Community Development Director to approve changes to signs allowed by the ASOZ, as long as such changes are in substantial conformance with the ASOZ. This section further provides that the Director may refer those sign changes which are not in substantial conformance to the City Council for review and approval. Staff believes that the proposed changes require modification to the GMC and an amendment to the existing Development Agreement and, therefore, brought the Applicant’s request to the Planning Commission for review and recommendation to the Council. The Planning 457 of 636
59a
3 8
3 1
Commission at their November 16, 2022, meeting recommended that the City Council approve the proposed changes to Chapter 30.26 of the GMC and approve the First Amendment to the 2020 Development Agreement with The Americana at Brand, LLC.
In March 2010, a zoning map amendment placed the ASOZ overlay zone on the Galleria and Town Center Districts of the DSP and identified the locations, sizes and elevations of the signs approved in connection with the associated ASOZ overlay zone change.
Subsequent amendments were completed in July 2013 and January 2020 when requested changes to the number and types of ASOZ signs were approved.
Should the Council approve the applicant’s current requested text amendments, the existing 2020 Development Agreement will need to be amended to reflect the locations, sizes and elevations of the new signs incorporated into the ASOZ and to update the public benefit calculation. A copy of the First Amendment to the Development Agreement reflecting these modifications, as well as the original 2020 Development Agreement, are attached as Exhibits 6 & 7 respectively.
Proposed Revisions to Chapter 30.26 Advertising Signage Overlay Zone (ASOZ) Text Amendment
Specifically, the applicant is proposing the following zone code text amendments:
•Expand the types of signs that can be “ASOZ non-accessory signs” to include freestanding signs and marquee signs in addition to the currently permitted wall signs.
•Expand the types of signs that can be animated signs to include freestanding signs and marquee signs in addition to the currently permitted wall signs.
As a result of the requested text amendments, related amendments to facilitate the proposed amendments include:
•Inclusion of a “Freestanding Sign” definition in the “Definitions” section (GMC section 30.26.030).
•Inclusion of standards for freestanding signs.
•Amendments to standards for animated signs.
•Amendments to standards for marquee signs.
•Changes to the “Description and Purpose” section of Chapter 30.26. •Modification of GMC section 30.26.040 “Application” to reflect current procedure.
The Town Center Specific Plan allows up to 24 indirectly illuminated “freestanding signs” in the Signage section of that Plan that reflect what was approved in the original Americana project design review approval. Freestanding signs are not otherwise defined in the Town Center Specific Plan or in the sign regulations (GMC section 30.33), or the 458 of 636
69a
3 8
3 1
ASOZ chapters (GMC section 30.26) within the City’s zoning code. Given the text amendment proposes to permit freestanding signs to be animated signs and to contain non-accessory advertising (described below), it is necessary to define freestanding signs.
The “definitions” section of the ASOZ chapter will be amended to include the following definition:
“Freestanding Sign” means those signs identified in the Town Center Specific Plan (TCSP) as unstaffed, stand-alone, self-supporting kiosk structures located in a fixed location, the sole purpose of which is to advertise businesses, services, and goods sold or produced.
This definition reflects the existing signage types currently located throughout the Americana at Brand site (and allowed by the Town Center Specific Plan), which signs are elliptical in shape and contain illuminated sign faces on both sides of each sign. As noted above, the applicant is requesting these existing signs be allowed to contain non- accessory advertising and be animated signs. Standards for freestanding signs will be added to the ASOZ and are discussed below. Additionally, should the proposed text amendment be approved, the applicant is proposing to replace the existing “freestanding signs” with new signs, and these signs, if approved, may contain non-accessory content and be animated. These new signs are further discussed below.
Accessory vs. Non-Accessory Signage
The City’s sign ordinance permits only “accessory signs”, with limited exceptions. These signs carry “advertisement incidental and related only to the primary use of the premises or site on which it is located, including signs or sign devices indicating the business transacted at, services rendered, goods sold or produced on the premises by either the owner, occupant or developer of the premises of the site.” A “non-accessory sign” is a sign that carries advertisement other than that of an accessory sign and is currently prohibited by the City’s sign ordinance.
The present ASOZ modifies restrictions on accessory signs within the ASOZ overlay zone. An ASOZ accessory sign allows advertisement related to the primary use, not only on the premises where the sign is located (the building or storefront), but also for other businesses located within the ASOZ. For instance, an ASOZ accessory sign located at the Americana at Brand could advertise JC Penny’s even though this tenant is located at the Glendale Galleria. A subsequent amendment to the initial ASOZ also permits non- accessory advertising on ASOZ wall signs. For instance, a Ford dealership could advertise on an ASOZ wall sign even though no Ford dealership exists within the ASOZ.
The zone code text amendment proposes to expand the types of signs that can contain non-accessory advertising to include freestanding signs and marquee signs along with wall signs.
459 of 636
79a
3 8
3 1
Staff supports expanding the types of signs that allow non-accessory advertising to be freestanding and marquee signs, along with the presently permitted wall signs. The requested modification is supported by the fact that the ASOZ is located in a heavily developed commercial area of downtown Glendale that contains mixed use retail, restaurant, office, entertainment and residential uses. If non-accessory advertising is permitted, as requested by the applicant, both sales and property tax values will be enhanced, and the City will enjoy an enhanced community benefit from the revenue share. These outcomes align with the City economic development goal to enhance economic activity by promoting goods and services both on- and off-site provided by these regional commercial shopping centers located within the ASOZ; these centers are significant sales tax economic engines for the City. Additionally, non-accessory advertising in and of itself will not impact the aesthetic of the existing ASOZ signs. The proposed expansion of non-accessory advertising to freestanding and marquee signs would not inherently alter the appearance of these signs. Similarly, the provisions to expand “off-site” advertising would not impact traffic safety any more or less than current signs.
Animated Signs
The City’s sign ordinance prohibits animated signs, with limited exceptions. An animated sign is defined as “a sign, which is designed and constructed to give a message through a sequence of progressive changes of parts by either action or motion, flashing or color changes requiring electrical or manual energy.” In the ASOZ, animated signs are currently only permitted as wall signs. Further, these signs are restricted to only those that do not change images more frequently than each eight seconds, with a one second transition period. The zone code text amendment proposes to expand the types of signs that can be animated signs to include freestanding signs and marquee signs. Further, the amendment requests to allow not only the “static” animation, as described above, but also animation, which is defined above and in the City’s zoning code.
Amendments to the standards for animated signs, marquee signs and the introduction of standards for freestanding signs will restrict the characteristics of animated signs such that they will be no more aesthetically intrusive or adverse in terms of traffic safety than the currently permitted animated wall signs, given their locational restrictions and brightness standards.
With regard to animated signs, standards will be maintained to prohibit sound effects or projecting elements and require maximum brightness levels not to exceed ambient light levels. The presently requested amendment does not propose any changes to animated ASOZ wall signs and these signs will still be limited to “static” images, which cannot change more frequently than every 8 seconds.
460 of 636
89a
3 8
3 1
Freestanding Signs
As discussed above, freestanding signs are newly defined in the ASOZ and an amendment to this Chapter will contain standards for this type of sign. These standards include requirements that the materials be approved by the director of community development; that the signs be architecturally compatible with the development and buildings within it; that sound effects and projecting elements be prohibited. These standards are consistent with the standards required currently for ASOZ wall signs. In addition to these standards, freestanding signs are proposed to be no more than five feet in width or depth and 10 feet in height, and must be located on private property, a minimum of 25 feet from the street rights-of-way of Brand Boulevard, Central Avenue, Colorado Avenue, Columbus Street and Broadway.
Marquee Signs
Unlike freestanding signs, marquee signs are already defined and contain standards in the ASOZ chapter. In addition to size standards, it is suggested that marquee signs not be visible from a public street should the sign include animation, which is not “static”.
While marquee signs are already permitted within the public right-of-way (with certain provisions), a suggested amendment clarifies that animation will also be restricted to “static”.
Currently, the Description and Purpose section of GMC Chapter 30.26 acknowledges that one of the purposes of the ASOZ is to promote appropriate and economically viable signage which uses clear, attractive graphics and coordinates with the architectural elements of the building on which the signs are located. This section is proposed to be changed to address that the proposed zone code text amendment will permit signs that are freestanding and are not necessarily located on a building.
The City recently changed the manner in which various applications, including zone code text amendment, are submitted. Applications are now required to be submitted on-line.
GMC section 30.26.040 “Application” details the requirements to submit an application for an ASOZ and is no longer needed as a result of the City’s on-line submittal requirement.
Proposed Sign Changes
Should the proposed zone code text amendment be approved, the applicant is proposing to make changes to the existing freestanding and marquee signs currently located at the Americana at Brand to enable these signs to be animated signs and contain non- accessory advertising.
461 of 636
99a
3 8
3 1
The original approvals for the Town Center Specific Plan allowed for a marquee sign above the entrance to the theater located at the Americana at Brand. This sign faces northeast toward the interior of the project (the Green) and is approximately 330 square feet (4.35 ft. x 77.3 ft.) in area. The existing marquee sign will be replaced with a new digital marquee sign of the same dimensions and placement.
The original approvals for the Town Center Specific Plan also allowed for the installation of up to 24 freestanding signs located throughout the Americana at Brand. The applicant is proposing to replace all 24 existing freestanding signs with new signs in the same location. The new freestanding signs will be slightly smaller than the existing signs and will be approximately 10 feet in height, 4.25 feet in width and 2.3 feet in depth. Like the existing signs, the new freestanding signs will be elliptical and include sign panels on each side. The sign panels will be approximately 17.5 square feet (slightly smaller than the panels on the existing freestanding signs) and will contain digital display.
Development Agreement
Development Agreements (DAs) are regulated by State statute (Government Code sections 65864 through 65869.5). The proposed amendment to the existing DA implements only those conditions related to the provision of the public benefits to the City as required by GMC Section 30.26.100 and does not “freeze” and or otherwise vest the ASOZ signage approvals, zoning, or other applicable rules and regulations. The original term of the DA was 20 years with two additional five-year options to extend the DA; the DA also provides for an annual “Public Benefit Agreement Fee” payment calculated at 12% of gross revenue during the defined Amortization Period and 15% of the gross revenue thereafter. The Amortization Period is five-years for static wall signs and 10- years for animated signs. The amended DA will also be effective for 20 years following the Effective Date. DA section 3.2 requires the owner to comply with GMC Chapters
30.26 and 30.33 and all applicable laws, codes and ordinances. In the event the GMC Chapters 30.26 and 30.33 and any applicable laws, codes and ordinances are amended to prohibit a sign(s) subject to the DA, the applicant is permitted to maintain the sign for the applicable Amortization Period after which time the sign(s) are required to be removed.
The DA contains default provisions, indemnification, force majeure and City audit rights of the ownership, maintenance and operation of the signs, and audit of the payments and calculations of the gross revenue.
Planning Commission Review
The proposed amendments were reviewed by the Planning Commission at a regularly scheduled meeting and hearing on November 16, 2022. The Planning Commission voted 462 of 636
109a
3 8
3 1
unanimously (4 – 0, Fuentes not in attendance) to recommend adoption of the proposed ordinance regarding amendments to Chapter 30.26 ASOZ.
Also at this meeting, the Planning Commission reviewed the DA for consistency with the General Plan, the Town Center Specific Plan and the DSP and recommended the City Council find the DA is consistent with the General Plan, the Town Center Specific Plan and the DSP.
STAKEHOLDERS/OUTREACH
Not applicable.
FISCAL IMPACT
There is potential for additional revenue to the City as part of the Development Agreement in the form of an annual “Public Benefit Agreement Fee” payment calculated at 12% of gross revenue during the defined Amortization Period and 15% of the gross revenue.
ENVIRONMENTAL REVIEW (CEQA/NEPA)
In March 2010, the City Council adopted a Final Mitigated Negative Declaration (MND) that analyzed the environmental impacts of the modifications to the signage reflected in Ordinance No. 5688, which added the ASOZ Chapter 30.26 to the GMC. In August 2013, an Addendum to that MND was prepared for the amendments to Chapter 30.26 (ASOZ) and Chapter 30.33 (Signs) that were approved with the adoption of Ordinance No. 5804.
In January 2020, revisions to the sizes and locations of certain ASOZ signs and the addition of a new ASOZ sign were categorically exempted from CEQA review pursuant to CEQA Guidelines section 15311 “Accessory Structures” because the modifications to the permitted signage consisted of construction of a minor structure accessory to existing commercial signage and would be in compliance with GMC regulations related to animated signs, maximum brightness levels and framing.
An Addendum to the March 2010 Final MND and the 2013 Addendum has been prepared for the present amendments to Chapter 20.26 ASOZ that were approved with the adoption of Ordinance No. 5804. The MND and Addendum are included with this staff report for consideration as required by CEQA Guidelines section 15164.
CAMPAIGN DISCLOSURE
The names and business addresses of the members of the board of directors, the chairperson, CEO, COO, CFO, Subcontractors and any person or entity with more than 10% interest in the company proposed for contract in this Agenda Item Report are attached in Exhibit 5, in accordance with the City Campaign Finance Ordinance No. 5744.
ALTERNATIVES
Alternative 1: Introduce proposed amendments to Title 30 of the GMC, 1995 relating 463 of 636
119a
3 8
3 1
generally to expanding the types of signs that can be “ASOZ non-accessory signs” and animated signs to include freestanding and marquee signs and approving the statutory development agreement for the proposed amendments to Chapter 30.26.
Alternative 2: Do not introduce proposed amendments to Title 30 of the GMC, 1995.
Alternative 3: Consider any other alternative not proposed by staff or the Planning Commission.
ADMINISTRATIVE ACTION
Prepared by:
Roger Kiesel, Senior Planner
Approved by:
Roubik R. Golanian, P.E., City Manager
EXHIBITS/ATTACHMENTS
Exhibit 1 Planning Commission motion
Exhibit 2 2010 Mitigated Negative Declaration
Exhibit 3 2013 Addendum to mitigated negative declaration Exhibit 4 2022 Addendum
Exhibit 5 Campaign Finance Disclosure
Exhibit 6 First Amendment to Development Agreement
Exhibit 7 2010 Development Agreement
464 of 636
1 ORDINANCE NO. ________________
AN ORDINANCE OF THE CITY OF GLENDALE, CALIFORNIA AMENDING SECTIONS 30.26.010, 30.26.030, 30.26.040, 30.26.050, 30.26.060, 30.26.070, 30.26.080,
30.26.090, 30.26.100, 30.26.110, AND 30.26.120 OF TITLE 30 OF THE GLENDALE MUNICIPAL CODE, 1995
RELATING TO AMENDMENTS TO THE ADVERTISING SIGNAGE OVERLAY ZONE. (Case No. PZTA 2110228)
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GLENDALE:
SECTION 1. Section 30.26.010 of the Glendale Municipal Code, 1995 is hereby amended to read as follows:
30.26.010 Description and purpose.
The ASOZ is intended to allow advertising signage in a manner consistent with this chapter. The purpose of an ASOZ is as follows:
A. To promote economic development and ensure an attractive business climate for the downtown area of the city.
B. To highlight and cross-promote the uses, goods and services available in the city’s retail commercial core, particularly uses located within large-scale multi- tenant commercial/retail buildings.
C. To create a lively, visually exciting environment for the commercial heart of the city.
D. To promote appropriate and economically viable signage which uses clear, attractive graphics and coordinates with the architectural design within the development and on elements of the buildings on which the signs are located.
E. To protect street views and vistas of pedestrian-oriented streets.
F. To minimize the obstruction of architectural elements.
G. To limit visual clutter by regulating the number, size and location of signs.
H. To protect pedestrians and motorists from traffic safety hazards.
I. To protect residents from glare and excessive illumination.
J. To provide clear development standards under which signs enabled by this overlay zone can be designed and installed.
465 of 636
2 K. To promote and protect the public health, safety, welfare and convenience by regulating signs enabled by this overlay zone.
SECTION 2. Section 30.26.030 of the Glendale Municipal Code, 1995 is hereby amended to read as follows:
30.26.030 Definitions.
Whenever the following terms are used in this chapter, they shall be construed as defined in this section. Words and phrases not defined here shall be construed as defined in chapters 30.33 and 30.70 of the Code.
A. Architectural elements and details” means the unique components that together form the architectural style of a building, including, but not limited to cornices, moldings, projections, window and door openings and railings.
B. “ASOZ accessory sign” means a sign allowed by an ASOZ which carries advertisement incidental and related only to the primary use of the premises or within the ASOZ, including signs or sign devices indicating the business transacted at, services rendered, goods sold or produced on the premises or within the ASOZ by either the owner, occupant or developer of the property or within the ASOZ area.
C. “ASOZ non-accessory sign” means a sign allowed by an ASOZ which carries advertisement incidental and related to the primary use of the premises or within the ASOZ, including signs or sign devices indicating the business transacted at, services rendered, goods sold or produced on the premises or within the ASOZ by either the owner, occupant or developer of the property or within the ASOZ area or which carries advertisement incidental and not related to the primary use of the premises or within the ASOZ.
D. “Compatible or compatibility” means consistent and harmonious as to form, proportion, scales, color, materials, surface treatment, overall sign size, and the size and style of lettering.
E. “Frame” means a decorative border for enclosing a sign.
F. “Freestanding Sign” means those signs identified in the Town Center Specific Plan (TCSP) as unstaffed, stand-alone, self-supporting kiosk structures located in a fixed location, the sole purpose of which is to advertise businesses, services, and goods sold or produced.
466 of 636
3 FG. “Primarily visible” or “primarily visible from” means that the sign is more readily visible from a city designated primary pedestrian street than from streets which are not so designated.
GH. “Thick gauge vinyl” means vinyl material a minimum of fifteen (15) mill in size.
SECTION 3. Section 30.26.040 of the Glendale Municipal Code, 1995 is hereby amended to read as follows:
30.26.040 Application.
The following materials shall be provided for an ASOZ application at the time of filing:
A. Zone change application (twenty (20) copies).
B. Site map—Minimum dimension of not less than eighteen (18) inches by twenty- six (26) inches. The scale of the map shall be large enough to show clearly all details thereof, but in no case is to be smaller than one (1) inch equals fifty (50) feet. (Twenty (20) copies).
Site map shall show the following information:
1. The boundary dimensions of the area for which the ASOZ has been filed.
2. Names and addresses of record owner or owners of property within three hundred (300) feet of the project area’s periphery.
3. Name and address of the applicant(s).
4. Name and address of the person preparing the site map.
5. The locations, names, right-of-way widths and roadway widths of all existing streets in or adjacent to the ASOZ.
6. Existing use(s) within the area.
7. Location and species of all trees or stands of trees over six (6) inches in diameter in or adjacent to the area proposed for the ASOZ.
8. Date, north arrow, and scale.
C. A vicinity map showing all adjacent and abutting property and streets within 500- foot radius together with a symbol delineating the use of the area. 467 of 636
4 D. Location map (8½” x 11”) at a scale of one (1) inch = two hundred (200) feet with the proposed ASOZ site hatched and a 500-foot radius drawn from the perimeter of the proposed area.
E. Photographs of the area of the proposed ASOZ and the surrounding area.
F. Scaled site plan and interior floor plans of each of the floors of the building(s) proposed to be contained within the ASOZ.
G. Elevation drawings of the building(s) proposed to be contained within the ASOZ, labeling the heights of various parts of the building(s), including the lowest and highest points.
H. Information on the proposed signs, including the location(s) of the signs within the ASOZ, materials used to compose the signs, framing materials and details, lighting and attachment details, method of sign attachment/projection from face of wall and other miscellaneous sign characteristics.
I. Within the areas where signs are proposed, elevations of the buildings showing the existing and proposed signage including showing sign dimensions and height above ground and horizontal and vertical placement of the sign(s) on the building.
J. Title report. (Ord. 5804, § 3, 2013; Ord. 5688, § 1, 2010) SECTION 4. Section 30.26.050 of the Glendale Municipal Code, 1995 is hereby amended to read as follows:
30.26.050040 Criteria to approve an ASOZ.
A.Application. An application for adoption or amendment of an ASOZ shall be submitted to the Community Development Department in a form consistent with the current submittal requirements and shall be processed and considered pursuant to Chapter 30.63 of this title.
B. The city council may, by ordinance, designate a geographic area as an ASOZ if the council finds that the area is:
1. Designated downtown specific plan (DSP) in the city’s land use element of the general plan.
2. Located within the boundaries of the Central Glendale Redevelopment Project Area as of the date of adopting this chapter.
3. A minimum of twenty (20) contiguous acres in size, not including streets and alleys, excluding the areas of streets and alleys from acreage calculations. 468 of 636
5 4. Devoted to intense retail, restaurant and/or theater uses, and contains a minimum of one million (1,000,000) square feet of gross area of those uses, where each applicant has operational controls of properties with a minimum of four hundred thousand (400,000) square feet of gross retail, restaurant and/or theatre use.
5. Occupied by buildings no more than one hundred ten (110) feet in height.
C. In addition to the findings required by subsection B. above, the council may only designate a geographic area as an ASOZ if it finds that:
1. The advertising signage in the ASOZ will contribute to the economic vitality of the geographic location in which the ASOZ is located and the downtown core in general;
2. The ASOZ will advance the purposes of the city’s sign regulations, as set forth in sections 30.26.010 and 30.33.030 of this code, including but not limited to advancing the city’s interests in traffic safety and enhancing and protecting the physical appearance of the community; and
3. With the approval of the ASOZ, the city’s sign regulations contained in this chapter and in Chapter 30.33 of this code continue to advance the purposes thereof, including but not limited to advancing the city’s interests in traffic safety and enhancing and protecting the physical appearance of the community.
30.26.060 – Regulations for Signs Allowed by the ASOZ
SECTION 5. Section 30.26.060 of the Glendale Municipal Code, 1995 is hereby amended to read as follows:
30.26.060050 Regulations for signs allowed by the ASOZ.
The following regulations shall apply to all signs allowed by an ASOZ:
A. For ASOZ accessory signs, signs shall only be wall signs, animated signs, banners, freestanding signs, marquee signs or ground signs as defined by this Chapter and Chapter 30.33 of the zoning code.
B. ASOZ non-accessory signs shall be permitted only as wall signs, animated signs, freestanding signs or marquee signs, which are permitted under this chapter and allowed by the overlay zone map as ASOZ non-accessory wall signs, freestanding signs or marquee signs.
C. Wall signs permitted under this chapter shall:
469 of 636
6 1. Be composed of a material to be approved by the director of community development;
2. Be framed in a material compatible with the architectural style of the building(s) on which sign(s) are proposed. Compatibility shall be determined with regard to the form, proportion, scale, materials, surface treatment, overall sign size and size and style of the lettering as it related to the building wall upon which the sign(s) are proposed;
3. Not cover windows, doors or other openings or details of the building(s) on which they are proposed;
4. Not contain sound effects or projecting elements;
5. Be installed parallel to the face of the building on which they are attached;
6. Only “ASOZ accessory signs” and “ASOZ non-accessory signs” as defined by this chapter shall be permitted;.
7. Not be viewed from primary pedestrian streets, as identified in the DSP, unless the impacts from the sign may be eliminated or otherwise minimized if the sign is incorporated as an architectural element in such a way that it will contribute to the pedestrian character of the pedestrian street and to the area in general, subject to the approval of the director of community development. The director of community development is authorized to submit such a proposal to the city council for their consideration if the director of community development deems such a review necessary; and
8. Not have an access platform, ladder or other service equipment installed or attached to any sign or framing.
D. Animated signs permitted under this chapter shall:
1. Only be wall signs, freestanding signs or marquee signs which are permitted under this Chapter and allowed by the overlay zone map as ASOZ non- accessory wall signs, freestanding signs or marquee signs;
2. Wall signs shall nNot change images more frequently than each eight (8) seconds, with a transition period of one (1) second or less;
3. Freestanding signs and marquee signs shall not change images more frequently than each eight (8) seconds, with a transition period of one (1) second or less when static images are used. Freestanding signs and marquee signs, if not visible from a public street, may contain a message through a sequence of progressive changes of parts by either action or motion, flashing or color changes, advertising content in animated or motion picture form or having 470 of 636
7 changing display/message formed by the selective illumination of an array of individual light bulbs or light emitting diodes (LEDs) displaying text and/or graphic images;
34. Not have sound effects or projecting elements; and
4. Be installed parallel to the face of the buildings on which they are attached; and
5. The maximum brightness levels shall not exceed ambient light levels. The director may require a lighting study, field measurements or other satisfactory method to verify compliance with this requirement.
E. Banner signs permitted under this chapter shall:
1. Be composed of high quality vinyl or other material acceptable to the director; and
2. Be a maximum of sixteen (16) feet high and three (3) feet wide.
F. Ground signs permitted under this chapter:
1. Shall be a maximum of sixteen (16) feet high and three (3) feet wide, including any pole or other support structure; and
2. Shall not impede the flow of pedestrians to the satisfaction of the building official, city engineer or fire chief.
3. May be located in the public right-of-way to the satisfaction of the city engineer and approval of an encroachment permit.
4. Downtown business identification signs:
i. Applicant must submit sign design and receive approval of the design from the director of community development within three (3) months from the effective date of the ordinance;
ii. Must be installed within eight (8) months from the effective date of the ordinance, unless an extension is granted by the director of community development; iii. At least one sign shall be located in the public right-of-way adjacent to the Glendale Galleria Central Avenue plaza at location(s) to be approved by the directors of community development and public works;
iv. At least one sign shall be located on the Brand Boulevard frontage of the Americana at Brand at location(s) to be approved by the directors of community development and public works;
471 of 636
8 v. Shall comply with subsections 30.26.060.F.2. and 3., and the maximum size shall be determined by the director of community development; vi. Shall be directories used to guide or direct pedestrian traffic but shall contain no advertising for specific businesses;
vii. Shall provide directions to businesses and other points of interest within the downtown business district to the satisfaction of the director of community development;
viii. Shall not exceed ambient light levels at the location installed. The director may require a lighting study, field measurements or other satisfactory method to verify compliance with this requirement; and
ix. Shall be oriented towards pedestrians and shall not visually interfere with vehicular traffic to the satisfaction of the director of public works.
G. Marquee signs permitted under this chapter:
1. May be located on top of the canopy and may extend up to thirteen (13) feet above the top of the canopy to which it is attached;.
2. Shall be no more than two (2) feet in width or depth;.
3. Shall face within the development in which it is proposed and not be visible from a public street, if the marquee sign is an animated sign that contains a message through a sequence of progressive changes of parts by either action or motion, flashing or color changes, advertising in animation or motion picture form or having changing display/messages formed by the selective illumination of an array of individual light bulbs or light emitting diodes (LED) display text and/or graphic images; and
34. May be located in the public right-of-way to the satisfaction of the city engineer and approval of an encroachment permit, if the marquee sign is an animated sign that contains images that do not change more frequently than each eight (8) seconds, with a transition period of one (1) second or more. .
H. Freestanding Signs permitted under this chapter:
1. Shall be composed of a material to be approved by the director of community development;
2. Shall be of an architectural style compatible with the surrounding buildings and overall development. Compatibility shall be determined with regard to the form, proportion, scale, materials, surface treatment and overall size as it relates to the surrounding buildings and overall development;
472 of 636
9 3. Shall not exceed 5 feet in width or depth and 10 feet in height;
4. Shall only be located on private property;
5. Shall not be closer than 25 feet from the public rights-of-way of Brand Boulevard, Central Avenue, Columbus Street, Colorado Street and Broadway; and
6. Shall not contain sound effects or projecting elements.
HI. In addition to other regulations, the following shall apply to all signs permitted under this chapter:
1. Signs shall not be located on residential buildings or portions of buildings containing residential units.
2. Signs shall be maintained in good repair. Damaged signs or signs in poorly maintained conditions, shall be promptly repaired or removed.
3. Signs shall be compatible with the architectural integrity of the building on which the signs are placed and shall be proportional with the massing and scale of the building taking into consideration windows, doors and architectural features.
Signs shall not cover windows, doors or other openings or details of the building(s) on which they are proposed.
4. Signs may be directly or indirectly illuminated. Lighting shall be compatible with the sign framing and architectural style of the building(s).
5. Signs shall not negatively impact the flow of traffic or cause confusion for motorists, to the satisfaction of the director of public works.
6. Signs shall not contribute to visual overcrowding, or be incompatible with the architecture and siting of adjacent buildings and other public or private improvements, to the satisfaction of the community development director.
7. Signs shall be at locations and of dimensions as specified in the ASOZ map and its attachments and may be modified pursuant to Section 30.26.070.
8. The provisions of Chapter 30.33 shall apply to all signs located within an ASOZ, except for existing signs installed pursuant to a sign program or other pre- existing entitlement. Where the provisions of Chapter 30.33 conflict with the provisions of Chapter 30.26 or the town center specific plan (TCSP), the provisions of Chapter 30.26 or the TCSP shall control.
9. The city may revoke the right to maintain any sign approved under an ASOZ upon a finding that the sign is maintained in a manner that is detrimental to the public health, safety or welfare or so as to constitute a nuisance. The right to 473 of 636
10 maintain a sign approved by an ASOZ may only be revoked after a noticed public hearing by a hearing officer in accordance with the procedure for revocation of variances, conditional use permits and administrative exceptions set forth in Section 30.64.020.A. The decision of the hearing officer shall be subject to appeals to the planning commission under Chapter 30.62 and to the city council under chapter 2.88 of this code.
10. The building and ground area around signs shall be properly maintained at all times. All unused frames and mounting devices, hardware and wall perforations shall be removed and building surfaces shall be restored to their original condition.
30.26.070 – Changes to signs allowed by the ASOZ
SECTION 6. Section 30.26.070 of the Glendale Municipal Code, 1995 is hereby amended to read as follows:
30.26.070060 Changes to signs allowed by the ASOZ.
Except as set forth in Section 30.26.060050, changes to signs allowed by an ASOZ, including the sign location, size, framing, material and lighting may be approved by the director of community development, so long as such changes are in substantial conformance with the ASOZ. The director of community development may refer those sign changes which are not in substantial conformance to the city council for review and approval. Changing out the signs for replacement with new signs of the same material, shape, size and illumination method and consistent with all other aspects of the approved ASOZ does not require approval from the director of community development.
30.26.080 – Tree Trimming
SECTION 7. Section 30.26.080 of the Glendale Municipal Code, 1995 is hereby amended to read as follows:
30.26.080070 Tree trimming.
Trees within the public rights-of-way and private property shall not be removed if required as part of any discretionary approval, and shall not be unnecessarily pruned or over pruned to allow better visibility of the signs allowed by the ASOZ.
30.26.090 – Sunset clause for the ASOZ.
SECTION 8. Section 30.26.090 of the Glendale Municipal Code, 1995 is hereby amended to read as follows:
30.26.090080 Sunset clause for the ASOZ.
474 of 636
11 A. In any ordinance approving an ASOZ, the council may impose a requirement that the ASOZ expires within a time set by the city council in its reasonable discretion, unless, prior to the expiration of the ASOZ, the city council extends the time in which the ASOZ is valid. In the event an ordinance approving an ASOZ incorporates such a sunset provision, the planning commission and council shall hold hearings to determine whether to extend the time period for the validity of the ASOZ. Notice of said hearings shall be given in the manner required for zone changes as set forth in this code and shall be held with sufficient time for the council to hear, consider, and adopt an ordinance extending the ASOZ and for said ASOZ extension ordinance to become effective prior to the cessation or expiration of the ASOZ. The council may only extend the effectiveness of the ASOZ if it finds that the ASOZ continues to meet the criteria set forth in Section
30.26.050040.
B. If the council extends an ASOZ as set forth above, the council may impose requirements reasonably related to implementing the provisions of this chapter and to achieving the city’s purpose and intent in enacting this chapter and Chapter 30.33. Such requirements may include a requirement that, prior to the continued use of the signs, the property owners in the ASOZ area shall execute development agreements with the city. Any such development agreements shall be adopted pursuant to, and in compliance with, the provisions of Government Code Section 65864 et seq. (as it exists or may hereafter be amended) and shall comply with the provisions of this chapter and Chapter 30.33 (where not in conflict with this chapter). Any development agreement allowing the use or continued use of the signs authorized by this chapter shall not permit or be construed to permit the signs authorized by an ASOZ in contravention with any of the requirements of this chapter. As part of any development agreement(s) approved by the council pursuant to this section, the city may impose additional requirements pertaining to the city’s safety and aesthetic goals and payments or fees to the city in exchange for the benefits granted to the property owners by said development agreements. In the event an ASOZ is not extended, all signs, and other related fixtures, including lighting and framing allowed by the overlay zone shall be removed and the areas of the buildings where the signs are located shall be repaired to the condition prior to enactment of the ASOZ.
30.26.100 – Development agreement required.
SECTION 9. Section 30.26.100 of the Glendale Municipal Code, 1995 is hereby amended to read as follows:
30.26.100090 Development agreement required.
Approval of an ASOZ, or an amendment to an ASOZ that increases or permits new, additional or different signage or sign media, shall be subject to the council’s approval of a statutory development agreement (Government Code Section 65864 et seq.). Said development agreement shall govern the duration and regulation of the signage in accordance with the terms of this chapter and shall provide public benefits to the city 475 of 636
12 which include, but are not limited to, signage, revenue sharing or other public benefits negotiated by the city and the ASOZ applicant. Said development agreement shall be approved prior to the issuance of permits or installation, whichever comes first, for ASOZ non-accessory signs and sign structures and animated signs and sign structures.
Notwithstanding the foregoing, this section does not in any way invalidate or modify any existing disposition and development agreement between the applicant and the city or the former Glendale Redevelopment Agency. Any development agreement executed pursuant to this section shall not permit or be construed to permit any sign inconsistent with the provisions of this chapter.
30.26.110 – Permits required.
SECTION 10. Section 30.26.110 of the Glendale Municipal Code, 1995 is hereby amended to read as follows:
30.26.110100 Permits required.
It is unlawful for any person to construct, place, erect, maintain, alter or relocate within an ASOZ any sign, lighting fixture, framing or other structure associated with the sign permitted by an ASOZ without first obtaining a permit therefore from the building official.
Nothing in this chapter shall be interpreted to mean that any permit or fee shall be required for maintaining and repairing existing signs which comply with the provisions of this chapter.
Prior to the issuance of an ASOZ sign permit applicants shall submit a complete final lighting and materials package to the director of community development for review and approval for conformance with this chapter. Such review and approval shall be completed within the time frames established by the Permits Streamlining Act and shall be based upon the criteria set forth in this chapter.
30.26.120 – Violation-Penalty.
SECTION 11. Section 30.26.120 of the Glendale Municipal Code, 1995 is hereby amended to read as follows:
30.26.120110 Violation—Penalty.
Notwithstanding the provisions of Chapter 1.20 of this code, whenever in this chapter any act is prohibited or declared unlawful or the doing of any act is required, or the failure to do any act is declared to be unlawful, it shall be a misdemeanor, and any person convicted of such misdemeanor shall be punished by a fine not exceeding one thousand dollars ($1,000.00).
476 of 636
13 Passed by the Council of the City of Glendale on the _______ day of ________, 2022. ______________________________
Mayor
Attest
___________________________________
City Clerk
STATE OF CALIFORNIA)
COUNTY OF LOS ANGELES) SS.
CITY OF GLENDALE)
I, , City Clerk of the City of Glendale, California, certify that the foregoing Ordinance No. ______________ was passed by the Council of the City of Glendale, California, by a vote of four-fifths (4/5ths) of the members thereof, at a regular meeting held on the ______ day of _______________, 2022 by the following vote:
Ayes:
Noes:
Absent:
Abstain:
____________________________
City Clerk
477 of 636
14 478 of 636
ORDINANCE NO. _______
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF GLENDALE AUTHORIZING THE EXECUTION OF A
FIRST AMENDMENT TO DEVELOPMENT AGREEMENT BY AND BETWEEN THE
CITY OF GLENDALE AND THE AMERICANA AT BRAND, LLC,
PERTAINING TO SIGNAGE IN THE ADVERTISING OVERLAY ZONE (“ASOZ”) WHEREAS, on November 16, 2022, the Planning Commission of the City of Glendale held a public hearing to consider and recommend the Glendale City Council approve a First Amendment to Development Agreement by and between the City of Glendale ("City") and The Americana At Brand, LLC ("Applicant"), in connection with the permitting and installation of non- accessory signs and sign structures and animated signs in the Advertising Signage Overlay Zone (“ASOZ”) and the contribution to the City of revenue derived from the ASOZ signs as authorized by Glendale Municipal Code Chapter 30.26; and WHEREAS, in 2020, the City and Applicant entered into that certain Development Agreement (Advertising Signage Overlay Zone) recorded as of March 6, 2020 as Instrument No. 20200268991 in the Official Records of Los Angeles County (the “Original Development Agreement”) in accordance with GMC Chapter 30.26.100, which requires each property owner/applicant enter into a statutory development agreement with the City prior to the issuance of permits or installation, whichever comes first, for ASOZ non-accessory signs and sign structures and animated signs and sign structures in compliance with the ASOZ regulations; and
WHEREAS, the Applicant has a legal and or equitable interest in the property subject to the Original Development Agreement and also the First Amendment to the Development Agreement in that the property on which the ASOZ signs will be permitted and installed pursuant to the First Amendment to the Development Agreement is either owned by the Applicant or leased by Applicant from the City; and
WHEREAS, Applicant seeks to amend the Original Development Agreement in order to install New Permitted Sign(s) in existing sign locations which sign types were not previously 479 of 636
addressed therein, and has agreed that the fee generated from such New Permitted Signs, as defined in the First Amendment to the Development Agreement, shall be based on a percentage of the Gross Revenue generated from such signs less the amount of Annual Baseline Revenue, which amount shall be adjusted on an annual basis for inflation as more specifically described in the First Amendment to the Development Agreement; and
WHEREAS, the New Permitted signs will generate significant public benefits to the entire community by promoting the purposes of the ASOZ which include, among other purposes, promoting economic development, ensuring an attractive business environment, highlighting the City’s retail and entertainment core in large-scape multi-tenant developments, creating a lively and visually exciting environment, protecting street views and vistas, protecting residents from glare and excessive illumination, and providing clear development standards; and
WHEREAS, the construction, installation and maintenance of the New Permitted Sign(s), will be consistent with and will further these purposes and will generate revenues for the City and thereby further promote the health, safety and general welfare of the City and its residents; and
WHEREAS, the City and Applicant desire to amend the Original Development Agreement to incorporate all relevant terms and provisions applicable to the New Permitted Sign(s); and
WHEREAS, in exchange for these and other benefits to the City, Applicant will receive the assurance that Applicant may erect and operate the New Permitted Sign(s) during the applicable Term of the First Amendment to the Development Agreement; and WHEREAS, this First Amendment to Development Agreement does not supersede, nullify or amend any condition imposed in the New Permitted Sign Approvals, and the terms and conditions of this First Amendment to the Development Agreement have been found by the City to be fair, just and reasonable, and prompted by the unique planning considerations presented 480 of 636
by adding interior-facing animated signage to Owner’s Property and the extraordinary benefits which will accrue to the City thereby; and
WHEREAS, pursuant to Government Code Section 65864 et seq., the City Planning Commission has transmitted its findings, comments and recommendations on the First Amendment to the Development Agreement to the City Council; and WHEREAS, the City Council has reviewed and considered the First Amendment to the Development Agreement and the findings and recommendations of the City Planning Commission; and
WHEREAS, in March 2010 the City certified a Mitigated Negative Declaration (“MND”) that analyzed the impact from adopting Ordinance No. 5688 which added Chapter 30.36 pertaining to signage permitted within the ASOZ, and also prepared an Addendum to the MND to review amendments to Chapter 30.36 and Chapter 30.33 pertaining to ASOZ signs and requirement that ASOZ applicants enter into DAs with the City; the MND and Addendum for signage in the ASOZ were prepared, adopted and considered by the City pursuant to the requirements of the California Environmental Quality Act ("CEQA"); and
WHEREAS, the City has duly considered all terms and conditions of the First Amendment to the Development Agreement and believes that implementation of the First Amendment to the Development Agreement is consistent with the City's General Plan, the Town Center Specific Plan and Downtown Specific Plan, and is necessary to implement, and incompliance with the ASOZ overlay zone requirement for development agreements, to document ASOZ signage and public benefits consisting of a share in the percentage of gross revenues generated by the permitted ASOZ signage over the First Amendment to the Development Agreement term; and WHEREAS, after considering the First Amendment to the Development Agreement, the City finds and determines that the First Amendment to the Development Agreement benefits are in the vital and best interests of the City and the health, safety, and welfare of its residents, and in accord with the public purposes and provisions of applicable state and local law. 481 of 636
c:\inetpub\wwwroot\multitenant\temp\cc_12132022_ordinance_9a2.pdf 4 NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GLENDALE, CALIFORNIA:
1. The City has complied with the applicable requirements of the California Environmental Quality Act.
2. The City Council hereby finds and determines that the First Amendment to the Development Agreement:
(b) Is consistent with the City's General Plan, the Town Center Specific Plan with the Downtown Specific Plan.
(c) Fully complies with all currently applicable provisions of the Glendale Municipal Code including the ASOZ requirements.
(d) Will not be detrimental to the public health, safety and general welfare because it encourages the installation of improvements which are desirable and beneficial to the public. (e) Is compatible with the orderly development of property in the surrounding area, and will provide enhancements to the surrounding area and public benefit derived from sharing in revenue generated by permitted ASOZ signage.
(f) Constitutes a lawful present exercise of the City's police power and complies with all applicable City and State regulations governing Development Agreements. (g) Is necessary to strengthen the public planning process and to reduce the public and private costs of development uncertainty.
(h) Is consistent with the ASOZ and permitting of signage in the zone.
3. The City Council hereby approves the First Amendment to the Development Agreement and authorizes and directs the City Manager to execute it on behalf of the City of Glendale, and further directs the City Clerk to record the First Amendment to the Development Agreement and this Ordinance with the County Recorder within ten (10) days of its execution. 482 of 636
c:\inetpub\wwwroot\multitenant\temp\cc_12132022_ordinance_9a2.pdf 5 4. The City Clerk shall certify as to the passage of this Ordinance and cause the same to be published in a newspaper of general circulation, consistent with requirements of applicable State and local law.
5. This Ordinance shall be effective 30 days after the date of adoption.
Adopted this ______ day of ______________________, 2022. ________________________________
Mayor
ATTEST:
______________________________
City Clerk
483 of 636
c:\inetpub\wwwroot\multitenant\temp\cc_12132022_ordinance_9a2.pdf 6 STATE OF CALIFORNIA )
) SS
COUNTY OF LOS ANGELES )
I, DR. SUZIE ABAJIAN, City Clerk of the City of Glendale, certify that the foregoing Ordinance No. ________ was adopted by the Council of the City of Glendale, California, at a regular meeting held on the __________ day of ________________, 2022, and that same was adopted by the following vote:
Ayes:
Noes:
Absent:
Abstain:
__________________________________
City Clerk
484 of 636
MOTION
Moved by Planning Commissioner Chraghchian, seconded by Commissioner Shahbazian, that upon consideration of the proposed amendments to the 2020 Development Agreement between the City of Glendale and the Americana at Brand, LLC (“DA”), and the proposed text amendment to Glendale Municipal Code Chapter 30.26 – Advertising Signage Overlay Zone (ASOZ), and after reviewing the records, files, reports, and all documentary evidence submitted with regard to said proposed amendments to the DA and proposed text amendment, and having also considered the proposed Addendum to the Final Mitigated Negative Declaration (MND) and prior 2013 Addendum to that MND, the Planning Commission hereby finds the proposed text amendments to the ASOZ are consistent with the City’s General Plan, Town Center Specific Plan and Downtown Specific Plan, recommends that the City Council approve the proposed amendment to the 2020 development agreement, consider the addendum to the MND and 2013 Addendum, and adopt the proposed amendments to Title 30 of the Glendale Municipal Code pertaining to the ASOZ.
Adopted this 16th day of November, 2022.
VOTE
Ayes: Chraghchian, Minassian, Shahbazian, Lee
Noes: None
Absent: Fuentes
Abstain: None
485 of 636
486 of 636
487 of 636
488 of 636
489 of 636
490 of 636
491 of 636
492 of 636
493 of 636
494 of 636
495 of 636
496 of 636
497 of 636
498 of 636
499 of 636
500 of 636
501 of 636
502 of 636
503 of 636
504 of 636
505 of 636
506 of 636
507 of 636
508 of 636
509 of 636
510 of 636
511 of 636
512 of 636
513 of 636
514 of 636
515 of 636
516 of 636
517 of 636
518 of 636
519 of 636
520 of 636
521 of 636
522 of 636
523 of 636
524 of 636
525 of 636
526 of 636
527 of 636
528 of 636
529 of 636
530 of 636
531 of 636
532 of 636
533 of 636
534 of 636
535 of 636
536 of 636
537 of 636
538 of 636
539 of 636
540 of 636
541 of 636
542 of 636
543 of 636
544 of 636
545 of 636
546 of 636
547 of 636
548 of 636
549 of 636
550 of 636
551 of 636
552 of 636
553 of 636
554 of 636
555 of 636