Glendale City Council
December 19, 2023

Lease Payable

Lease payable represents the City’s obligation to make lease payments arising from the lease. Lease payable is recognized at the commencement date based on the present value of expected lease payments over the lease term, less any lease incentives. Interest expense is recognized ratably over the contract term.

Subscription Payable

Subscription payable represents the City’s obligation to make subscription payments arising from subscription-based information technology arrangements (SBITA). Subscriptions payable is recognized at the commencement date based on present value of expected SBITA payments over the SBITA term, less any SBITA incentives. Interest expense is recognized ratably over the contract term.

55 276 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Pension

For purposes of measuring the net pension liability and deferred outflows or inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the City’s California Public Employees’ Retirement System (CalPERS) plans (Plan’s) and additions to or deductions from the Plan’s fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments, including refunds of employee contributions, are recognized when due and payable by the benefit terms.

Investments are reported at fair value. All pensions are liquidated out of each respective funds that the payroll time was allocated to during that payroll period. Pension liabilities are liquidated from the related employees’ home programs, with the majority funded out of the General Fund and the Electric Fund. See Note 8 for more information.

Compensated Absences

The total compensated absences liability for the City is $32,426 which is comprised of liabilities from two internal service funds: Employee Benefits Fund and Retiree Health Savings Plan Benefits Fund.

The City records the expense and liability for its employees’ earned but unused accumulated vacation and overtime in the Employee Benefits Fund. As of June 30, 2023, the liability is $19,075, and the City has $16,908 available in cash dedicated to this liability in the fund.

The City also provides sick leave conversion benefits through the Retiree Health Savings Plan (RHSP).

Employees’ unused sick leave hours can be converted to a dollar amount and deposited in the employees’ RHSP account at retirement or termination with 15 or 20 years of City service, based on the memoranda of understanding agreements between the City and the unions. The account is used to pay healthcare insurance premiums and eligible medical expenses for the retiree and dependents. The sick leave conversion rates range from $0.025 to $0.033 for each hour of sick leave balance, based on the memoranda of understanding agreements between the City and the unions. The sick leave conversions related expense and liability are recorded in the Retiree Health Savings Plan Benefits Fund. As of June 30, 2023, the actuarial accrued liability is $13,351, and the City has $15,170 available in cash dedicated to this liability in the Fund. The actuarial accrued liability of June 30, 2023 is estimated based on most recent actuarial valuation report as of June 30, 2021, adjusted for actual benefit payments made in FY 2021-22 and FY2022-23, assuming no gains/losses and no changes in methods or assumptions.

Changes in the City’s compensated absences liability as of June 30, 2023 were as follows:

Compensated absences are primarily liquidated by the respective internal service funds.

Other Post Employment Benefits (OPEB)

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. The General Fund, Electric Fund and Water Fund are generally used to liquidate the OPEB liability.

See Note 9 for more information.

Unearned Revenue

The unearned revenue liability reports amounts are received in advance of providing goods or services. When the goods or services are provided, this account balance is reduced, and revenue is recognized.

Balance
at June 30,
2022

Benefits
earned

Usage
Balance
at June 30,
2023

Due within
One Year
$ 32,002 6,827 6,403 32,426 3,132

56 277 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Property Held for Resale

Land and buildings acquired for future sale to developers have been capitalized and are shown as real property held for resale in the accompanying financial statements. Property held for resale is carried at the lower of cost or net realizable value (realizable value less cost to sell).

Fund Balance

Fund balance classifications for governmental fund types comprise a hierarchy based primarily on the extent to which a government is bound to observe constraints imposed upon the use of the resources reported in governmental funds. In the fund financial statements, the governmental funds may report nonspendable, restricted, committed, assigned, and unassigned fund balances to show the level of constraint governing the use of the funds.

 Nonspendable fund balances cannot be spent because t hey are in a nonspendable form, or are required to be maintained intact.

 Restricted fund balances are restricted for specific purposes by third parties or enabling legislation.

 Committed fund balances include amounts that can be used only for specific purposes determined by the formal action through a resolution of the City Council, as they are the highest level of decision-making authority. Council must have at least a 3 to 2 vote to pass a resolution for the specific purpose. These committed amounts cannot be used for any other purpose unless the City Council removes or changes the specified use through the same type of formal action taken to establish the commitment.

 Assigned fund balances comprise amounts intended to be used by the City for specific purposes but are not restricted or committed. The City Council, in the City’s most recently adopted budget resolutions, has delegated the authority to assign fund balances to the City Manager or his/her designee. The financial policies of the City are also updated to reflect this delegation of authority.

 Unassigned fund balances are residual positive net re sources of the General Fund in excess of what can properly be classified in one of the other four categories and include all deficit amounts in all other governmental funds.

When both restricted and unrestricted resources are available for an incurred expenditure, it is the City's policy to spend restricted resources first then unrestricted resources as necessary. When unrestricted resources are available for incurred expenditures, it is the City's policy to use committed amounts first, followed by assigned amounts, and then unassigned amounts.

Net Position

The net position represents the difference between assets and deferred outflows of resources, and liabilities and deferred inflows of resources. Net investment in capital assets, consists of capital assets, net of accumulated depreciation and amortization, reduced by non-debt capital related liabilities, added or reduced any deferred outflows/inflows of resources that is capital debt related, and reduced by the outstanding balances of any borrowings used for the acquisition, construction, or improvement of those assets, excluding unspent debt proceeds. The net position is reported as restricted when there are limitations imposed on its use either through the enabling legislation externally adopted by the citizens of the City or through external restrictions imposed by creditors, grantors, or laws and regulations of other governments.

When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted resources first, then the unrestricted resources as they are needed.

The government-wide statement reports $1,317,113 of net investment in capital assets, $322,049 of restricted net position, and $152,881 of unrestricted net position.

57 278 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Deferred Outflows and Inflows of Resources

In addition to assets, the statements of net position report a separate section for deferred outflows of resources. This separate financial statement element represents a consumption of net assets that applies to a future period and will not be recognized as an outflow of resources or expenses until then. For current or advance refunding resulting in defeasance of debt, when the difference between the reacquisition price and the net carrying amount of the old debts (i.e., deferred charges) resulted in a loss, it is reported as a deferred outflow of resources and amortized to interest expense based on the straight line method over the remaining life of the old debt or the life of the new debt, whichever is shorter. When the City makes the pension contributions and OPEB payments after the measurement date, the City reports deferred outflows of resources. When there is an increase in pension and OPEB expenses arising from the recognition of changes in assumptions, differences between expected and actual experience, and difference between projected and actual earnings on pension plan investments, the City reports a deferred outflow of resources until the increase is recognized in expense. The City’s deferred outflows of resources as of June 30, 2023 is $215,795, which consists of $3,391 loss on refunding, $209,579 related to pensions, and $2,825 related to OPEB.

In addition to liabilities, the statement of net position and the governmental fund financial statements report a separate section for deferred inflows of resources. This separate financial statement element represents an acquisition of net assets that applies to a future period and will not be recognized as an inflow of resources or revenues until then. For current or advance refunding resulting in defeasance of debt, when the difference between the reacquisition price and the net carrying amount of the old debts (i.e., deferred charges) resulted in a gain, it is reported as a deferred inflow of resources and amortized to interest expense based on the straight line method over the remaining life of the old debt or the life of the new debt, whichever is shorter. When there is a decrease in pension and OPEB expense arising from the recognition of changes in assumptions and differences between expected and actual experience, the City reports a deferred inflow of resources until the decrease is recognized in expense. For leases that the City is the lessor, the amount of the initial measurement of the lease receivable is reported as a deferred inflow of resources, and amortized to lease revenue based on the straight line method over the lease term. For PPP that the City is the transferor, the amount of the initial measurement of the PPP receivable is reported as a deferred inflow of resources, and amortized to PPP revenue based on the straight line method over the PPP term. In the government-wide statement of net position, the City’s deferred inflows of resources as of June 30, 2023 is $63,591, which consists of $795 gain on refunding, $19,400 related to pensions, $6,134 related to OPEB, $35,007 related to leases, and $2,255 to PPP. When a receivable is recorded in governmental fund financial statements but the revenue is not received within the availability period, the City reports a deferred inflow of resources until the revenue becomes available. The City has recorded deferred inflows of resources – unavailable revenues of $57 in the General Fund, $78 in the Housing Assistance Fund, and $22,596 in the nonmajor governmental funds.

NOTE 2 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
Budgets and Budgetary Accounting

The City Council is required to adopt an annual budget for the general, debt service, special revenue, enterprise, and internal service fund types. The City Council also annually adopts the capital improvement program for the capital projects funds. While the capital improvement program is planned on a ten-year basis, the City Council only approves and authorizes the budget for one year of the Capital Improvement Projects. The unspent capital improvement projects in the prior years’ budget are carried forward into the new fiscal year. Therefore, an annual budget comparison on multi-year projects is impractical.

All proprietary fund types are accounted for on a cost of service method (net income); therefore, budget comparisons are impractical. Also, the City is not legally mandated to report the results of operations for these enterprise and internal service fund types on a budget comparison basis, and so budgetary data related to these funds have not been presented.

58 279 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

The City utilizes an “encumbrance accounting system,” which is used to the extent necessary to assure effective budgetary control and accountability and to facilitate effective cash planning and control. Encumbrances outstanding at year-end do not constitute expenditures or liabilities, and appropriations in the General Fund lapse at the end of the year. Therefore, encumbrances are not reserved for commitments made, and year-end budget carryovers may be submitted for the remaining encumbrances. All commitments incurred will be paid with the new fiscal year’s budget and all approved budget carryovers from the prior fiscal year, including capital project appropriation carry overs.

The City, in establishing the budgetary data reflected in the basic financial statements and supplementary information, utilizes the following procedures:

 The City Charter requires that the City Manager su bmits to the City Council a proposed budget for the coming year on or before June 1st. The operating budget includes both the sources and types of funds for the proposed expenditures.

 In June, a public hearing is conducted to obtain citizen input, with the final budget being adopted on the same night as the public hearing or during a later date prior to July 1st.

 The budget is revised during the fiscal year to reflect all Council approved transfers and amendments.

 The level of appropriated budgetary control is at t he fund level except for the General Fund, and any department shared project funds, which are controlled at the department level. Within each department or fund budget, the appropriation is further distributed across different categories such as, salary and fringe benefits, maintenance and operation, and capital outlay. There is no limit as to how much can be shifted between categories administratively as long as the total appropriation does not exceed the Council approved budget for each Fund.

The following fund over expended its appropriation as of June 30, 2023:

Fund
Amounts Over Expended

General Fund Transfers Out $ 106
Supplemental Law Enforcement Fund 22

In FY 2022-23, 2% of the actual sales tax received in General Fund was transferred to Capital Improvement Fund.

The actual sales tax received was higher than budgeted, so the actual transfer out was also higher than budgeted.

In FY 2022-23, increase in police activities for the Citiz en’s Option for Public Safety (COPS) program contributed to the actuals being than higher than budgeted.

The General Fund Debt Service category related to leases and subscriptions have no budget, because budgets for the lease and subscriptions payments are appropriated at department level. Due to implementation of GASB 87 – Leases, and GASB 96 – Subscription-Based Information Technology Arrangements, the lease and subscription payments are reversed, and the principal and interest related to the leases and subscriptions are recorded at the debt service category.

59 280 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

NOTE 3 – CASH AND INVESTMENTS

The City’s cash and investments as of June 30, 2023 consist of the following:

Governmental and business-type activities:

Investments $ 1,003,693
Investment-gas/electric commodity 8,018
Cash and investments with fiscal agents 10,236
1,021,947
Petty cash 13
Cash held in financial institutions 94,674
Total $ 1,116,634

The following amounts are reflected in the government-wide statement of net position:

Pooled cash and investments $ 794,648
Cash and investments with fiscal a
gents 10,236
Investment-gas/electric commodity 8,018
Restricted cash and investments 140,997
Desi
gnated cash and investments 162,735
Total $ 1,116,634

Fiduciary activities:

Cash and investments

$ 40,201
Cash held in financial institutions 23,005
Total $ 63,206

The following amounts are reflected in the fiduciary statement of net position:

Cash and investments

$ 63,177
Restricted cash and investments 29
Total $ 63,206

60 281 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Authorized Investments
Allowable investments for the portfolio of the City of Glendale are limited by California State Government Code Sections 53600 et seq. They are further restricted by the City Treasurer’s investment strategy. Percentages of Investment Participation and percentages of Maximum Participation apply at the time of purchase. Purchase transactions may not exceed $10,000, nor exceed five-year maturities. Exceptions can only be approved by the City Council. The City Treasurer may invest or deposit in the following types of investments:

Maximum
Maturit
y
Maximum
Investment
Participation
Maximum
Investment
Exposure

U.S. Treasury Notes 5 years 100% None
Federal Agencies Securities 5 years 100% None
State of California and California Local Agencies N/ A 15% 5% per issuer Obligation of Other States N/A 10% 5% per issuer
Medium Term Notes 5 years 30% 5% per issuer
Commercial Paper (A1, P1, F1 min. rating) 270 da ys 25% None Bankers’ Acceptances (A1, P1, F1 min. rating) 180 da ys 30% 10% per bank Time Deposits (FDIC Insured) 1 year 10% 5% per issuer Negotiable Certificates of Deposit (A1, P1, F1
min. ratin
g)
1 year 30% 5% per issuer
Local Agency Investment Fund (State Pool) N/A LAIF maximum ($75,000 per
account)
None
Money Market Mutual Funds 90 days 20% None
Los Angeles County Treasury Pool N/A 10% None

Investments Authorized by Debt Agreements

The provisions of debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy, govern investments of debt proceeds and reserve funds held by fiscal bond agents.

Permitted investments are specified in related trust agreements.

No maximum percentage of the related debt issue or maximum investment in one issuer is specified.

Interest Rate Risk

Interest rate risk is the risk that fluctuations in market rates may adversely affect the fair value of an investment.

The longer the maturity of an investment, the greater the sensitivity of its fair value to the changes in market interest rates. The City manages its exposure to interest rate risk by purchasing a combination of shorter term and longer term investments, and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.

61 282 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Governmental and business-type activities:

Remaining Maturity (in Months) as of June 30, 2023
Total
12 Months
or Less
13 to 24
Months
25 to 60
Months
More than
60 Months
Federal Agency Term Notes $ 133,979 43,584 32,574 57,821 - Federal Agency Callable Bonds 255,398 4,860 24,042 226,496 - Commercial Paper 9,922 9,922 - - -
Medium Term Notes 168,142 34,879 14,904 118,359 -
Obligations of Other States 84,827 21,531 5,058 58,238 - State and Municipal Bonds 64,501 13,007 20,971 30,523 - State Investment Pool 73,213 73,213 - - -
Los Angeles County Pool 32,600 32,600 - - -
U.S. Treasury Notes 136,049 57,452 28,285 50,312 -
Investment Derivative Instrument 8,018 8,018 - - -
Held by Other Financial Institutions:

Federal Agency Term Notes 6,485 6,485 - - -
U.S. Treasury Notes 994 994 - - -
Money Market Accounts 553 553 - - -
Section 115 Trust Fund:

Money Market Accounts 1,757 1,757 - - -
Money Market Mutual Funds 35,273 35,273 - - -
Held by Fiscal Agents:

Mone y Market Accounts 7,838 7,838 - - -

Guaranteed Investment
Contracts 2,398

- - - 2,398
$ 1,021,947 351,966 125,834 541,749 2,398

Fiduciary activities:

Remaining Maturity
(in months)
as of June 30, 2023
Total 12 Months or Less

State Investment Pool $ 29,540 29,540
Money Market Accounts 10,661 10,661
$ 40,201 40,201

Credit Risks

Credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. The City purchases investments only in the most risk-adverse instruments, such as Aaa rated government securities, Aaa, Aa or A-rated corporate securities, A1, P1, F1 rated commercial paper, negotiable certificates of deposit, and banker’s acceptance securities. Investments in State of California and California Local Agencies must be rated “A” or better by a nationally recognized rating service. The City’s Investment Policy requires the City to sell medium-term notes with a credit rating below S&P’s and Fitch’s BBB grade or Moody’s Baa2 unless the City Council approves the City Treasurer’s recommendation that the security should be retained.

62 283 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Governmental and business-type activities:

Moody’s Rating as of June 30, 2023
Total A1 Aa1 Aa2 Aa3 Aaa P1 Unrated
Federal Agency Term Notes $ 133,979 - - - - 124,167 - 9,812 Federal Agency Callable Bonds 255,398 - - - - 246,382 - 9,016 Commercial Paper 9,922 - - - - - 9,922 -
Medium Term Notes 168,142 4,974 9,853 26,477 20,908 105,930 - - Obligations of Other States 84,8 27 - 27,835 30,011 - 19,688 - 7,293 State and Municipal Bonds 64,501 - 9,373 31,255 11,704 4,440 - 7,729 State Investment Pool 73,213 - - - - - - 73,213
Los Angeles County Pool 32,600 - - - - - - 32,600
U.S. Treasury Notes 136,049 - - - - 96,107 - 39,942
Investment Derivative Instrument 8,018 - - - - - - 8,018 Held by Other Financial Institutions:

Federal Agency Term Notes 6,485 - - - - 6,485 - -
U.S. Treasury Notes 994 - - - - - - 994
Money Market Accounts 553 - - - - - - 553
Section 115 Trust Fund:

Money Market Accounts 1,757 - - - - - - 1,757
Money Market Mutual Funds 35,273 - - - - - - 35,273
Held by Fiscal Agents:

Money Market Accounts 7,838 - - - - 7,838 - -
Guaranteed Investment Contracts 2,398 - - - - - - 2,398 $ 1,021,947 4,974 47,061 87, 743 32,612 611,037 9,922 228,598

Fiduciary activities:

Moody’s Rating
as of June 30, 2023
Total Unrated

State Investment Pool $ 29,540 29,540
Money Market Accounts 10,661 10,661
$ 40,201 40,201

Concentration of Credit Risk
Concentration of credit risk is the risk of loss attributed to the magnitude of the City’s investment in a single issuer.

The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stated in the Authorized Investments.

63 284 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Investments in any one issuer (other than U.S. Treasury notes, mutual funds, and external investment pools) that represent 5% or more of total City investments at June 30, 2023 are as follows:

Governmental and business-type activities:

Issuer

Investment Type
Reported
Amount

FHLB Federal Agency Callable Bonds $ 255,398
Federal Agency Term Notes 124,532
Total $ 379,930

Custodial Credit Risk
Custodial credit risk for deposits is the risk that in the event of the failure of a depository financial institution, a government agency will not be able to recover its deposits or will not be able to recover investment securities that are in possession of an outside party. All of a depositor’s accounts at an insured depository institution, including non- interest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount of $250 for each deposit insurance ownership category. The amounts of deposits are collateralized under California law. The Code requires that a financial institution secures deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law unless waived by the governmental unit.

The custodial risk for investments is also twofold. An investment trade transaction occurs between a government agency and counterparty, such as a broker or a dealer. Counterparty risk is the risk that in the event of the failure of a brokerage or dealer to deliver securities after government agency has made payment. The City of Glendale prevents counterparty risk by requiring all trade transactions to be done on a delivery versus payment arrangement.

A government agency uses an independent third-party custodian or safe-keeper to domicile the securities in its portfolio. The City of Glendale uses Bank of America as its third-party safekeeping servicer, and prevents custodial or safekeeping risk by having all securities purchased and owned by the City of Glendale registered in the name of the City, separated from other client securities portfolios, and segregated from securities owned by the bank.

Investment in State Investment Pool

The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State of California. The City’s investment in this pool is reported in the accompanying financial statements at fair value based upon the City’s pro- rata share of the amortized cost basis provided by LAIF for the entire LAIF portfolio, in relation to the amortized cost of that portfolio. The balance available for withdrawal is based on the accounting records maintained by LAIF. LAIF is not registered with the Securities and Exchange Commission (SEC) and is not rated.

Investment in Los Angeles County Pool

The City is a voluntary participant in the Los Angeles County Pooled Investment Fund (LACPIF) that is regulated by California Government Code Section 27136 and managed by the Los Angeles County Treasurer. The City’s investment in this Pool is reported in the accompanying financial statements of net position and prepared using the accrual basis of accounting. Investments are reported at fair value. The cash flow needs of the participants are monitored daily to ensure that sufficient liquidity is maintained to meet the needs of participants. The balance available for withdrawal is based on the accounting records maintained by LACPIF. LACPIF is not registered with the Securities and Exchange Commission (SEC) and is not rated.

64 285 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Investment in Internal Revenue Code Section 115 Trust Fund

The City reviewed the City’s obligation to fund the pension obligations and determined that it served the City’s interests to prefund those benefits. In July 2017, the City Council approved and adopted the funding for a Pension Rate Stabilization Program IRC Section 115 Trust for $26,500. In December 2019, the City Council approved and adopted an additional funding of $5,500 into the Pension Rate Stabilization Program Trust Fund account held at U.S.

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. As of June 30, 2023, the City elected the Moderate investment approach with a blended investment objective strategy and the asset target allocations for this objective was 5% cash source, 48% equity and 47% 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, 2023, was $37,030 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.

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.

65 286 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

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, 2023. 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.

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 1 and Level 3 inputs.

66 287 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

As of June 30, 2023, 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 $ 133,979 - 133,979 -
Federal A gency Callable Bonds 255,398 - 255,398 -
Commercial Paper 9,922 - 9,922 -
Medium Term Notes 168,142 - 168,142 -
Obli gations of Other States 84,827 - 84,827 -
State and Municipal Bonds 64,501 - 64,501 -
U.S. Treasur y Notes 136,049 - 136,049 -
Investment Derivative Instrumen t 8,018 - 8,018 -
Held b y Other Financial Institutions:

Federal Agency Term Notes 6,485 - 6,485 -
U.S Treasur y Notes 994 - 994 -
Section 115 Trust Fund:

Mone y Market Mutual Funds 35,273 - 35,273 -
Total investments b y fair value level 903,588 - 903,588 -

Investments not subject to fair value
hierarch
y:

State Investment Pool 73,213
Los An geles County Pool 32,600
Held b y Other Financial Institutions:

Mone y Market Accounts 553
Section 115 Trust Fund:

Mone y Market Accounts 1,757
Held b y Fiscal Agents:

Mone y Market Accounts 7,838
Guaranteed Investment Contracts 2,398

Total investments not subject to fair
value hierarchy 118,359

$ 1,021,947

67 288 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(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 $ 10,661 - 10,661 -
Total investments by fair value level 10,661 - 10,661 -

Investments not subject to fair value
hierarchy:

State Investment Pool 29,540

Total investments not subject to
fair value hierarchy 29,540

$ 40,201

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, 2023, the outstanding loan total is $20.

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, 2023, $1,040 is outstanding and recorded as loans receivable: $96 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.

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CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(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, 2023, the forgivable loan amount of $2,846 is outstanding, and is not recorded in the financial statements. As of June 30, 2023, 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, 2023, 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, 2023, the non-forgivable amount is $5,720 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, 2023, the forgivable loan amount at the end of the term is $3,717 and is not recorded on the financial statements. As of June 30, 2023, there are non-forgiven (no recourse) loans, these types 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, 2023, the non-forgivable (no recourse) amount is $141,504 and is recorded as loans receivable and as allowance for uncollectible.

Accordingly, the net loans receivable is zero.

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CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(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, 2023 consist of the following:

Due to General Fund from:

Nonma jor governmental funds $ 11,375

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 $ 21,937 Fund General Fund operations per Charter

Transfer to Capital Improvement Fund from:

General Fund 1,103 Fund Capital Improvement pro jects

Transfers to nonmajor governmental funds from:

General Fund 119 Fund Nutritional Meals Grant matching General Fund 1,500 Fund debt service payments
General Fund 30 Fund Assistance to Firefighters Grant 1,649
Transfers to internal service fund from:

General Fund 7,800
Fund Fleet Management Fund for
replacement of General Fund vehicles
General Fund 110
Fund ITD Infrastructure Fund for wireless
service expansion implementation
7,910

Transfers to internal service fund from:

RHSP Benefits Fund 3,000 Fund Liability Insurance Fund

Total Interfund Transfers $ 35,599

70 291 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

NOTE 6 – CAPITAL ASSETS

Capital asset for Governmental activities for the year ended June 30, 2023 was as follows:

Balance at
July 1,as
restated Increases Decreases Reclass
Balance at
June 30*
Capital assets, not bein
g depreciated:

Land $ 447,292 11,903 - - 459,195
Construction in pro gress 14,103 16,088 (1,636) (7,502) 21,053 Total assets not bein g depreciated 461,395 27,991 (1,636) (7,502) 480,248

Depreciable and amortizable capital
a s s e t s :

Buildin g and improvements 465,134 2,825 - 3,088 471,047 M a c h i n e ry and equipment 131,259 4,718 (2,140) 501 134,338 Infrastructure 370,930 851 - 2,598 374,379
Intan gible 7,304 207 (38) 1,190 8,663
R i ght-to-use lease asset - building 2,169 2,026 (1,219) - 2,976 Subscription assets 9,345 - - - 9,345
Total other capital assets at cos t 986,141 10,627 (3,397) 7,377 1,000,748

Less accumulated depreciation and
amortization:

Buildin g and improvements 213,959 12,189 - - 226,148
M a c h i n e ry and equipment 90,271 8,182 (2,123) (125) 96,205 Infrastructure 144,646 9,953 - - 154,599
Intan gible 2,992 688 (23) - 3,657
R i ght-to-use lease asset - building 815 810 (1,219) - 406 Subscription assets - 2,533 - - 2,533

Total accumulated depreciation and
amortization 452,683 34,355 (3,365) (125) 483,548

Total assets being depreciated and
amortized, net 533,458
(23,728) (32) 7,502 517,200
Governmental activities capital assets, net $ 994,853 4,263 (1,668) - 997,448

*$91,134 of buildings, improvements, machinery, equipment, construction in progress, intangible assets, lease, and subscription from internal service funds are included in governmental activities. $53,771 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, 2023 as follows:

General Government $ 3,829
Police 2,160
Fire 742
Public Works 19,172
Parks, Recreation and Communit
y Services 3,430
Library 1,439
Transportation 1,938
Housing, Health and Community Development 955
Employment Programs 690
Total depreciation and amortization expense $ 34,355

71 292 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Capital asset for Business-type activities for the year ended June 30, 2023 was as follows:

Balance
at July 1,
as restated Increases Decreases Reclass
Balance at
June 30
Capital assets, not being depreciated:

Land $ 9,557 - - - 9,557
Construction in progress 11,589 24,013 (804) (2,065) 32,733 Right-to-use lease asset - land 272 - - - 272
Total assets not being depreciated 21,418 24,013 (804) (2,065) 42,562

Depreciable, depletable, and
amortizable capital assets:

Building and improvements 320,498 1,443 (9,790) - 312,151 Machinery and equipment 591,113 12,494 (84,060) 2,456 522,003 Infrastructure 177,980 5,692 - 183 183,855
Natural gas reserve 22,171 4 - - 22,175
Intangible 116,940 1,699 - (574) 118,065
Subscription assets 130 - - - 130
Total other capital assets at cost 1,228,832 21,332 (93,850) 2,065 1,158,379

Less accumulated depreciation,
depletion, and amortization:

Building and improvements 130,837 6,708 (6,470) - 131,075 Machinery and equipment 403,034 23,287 (61,114) 345 365,552 Infrastructure 70,178 3,741 - - 73,919
Natural gas reserve 14,481 681 - - 15,162
Intangible 61,585 3,194 - (345) 64,434
Subscription assets - 65 - - 65
Total accumulated depreciation,
depletion and amortization 680,115 37,676 (67,584) - 650,207

Total assets being depreciated,
depleted, and amortized, net 548,717 (16,344) (26,266) 2,065 508,172

Business-type activities capital assets, net $ 570,135 7,669 (27,070) - 550,734

Depreciation, depletion, and amortization expense was charged to functions of the City’s Business-type activities for the year ended June 30, 2023 as follows:

Sewer $ 6,658
Electric 21,118
Water 7,341
Refuse Disposal 1,915
Verdu
go Fire Communication 644
Total depreciation, depletion, and amortization expense $ 37,676

72 293 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Capital asset for Fiduciary Fund for the year ended June 30, 2023 was as follows:

Balance
at July 1 Increases Decreases Reclass
Balance at
June 30
Capital assets, not being depreciated:

Intangible assets $ 2,795 - - - 2,795
Total assets not being depreciated 2,795 - - - 2,795
Depreciable capital assets:

Machinery and equipment 356 - - - 356
Total other capital assets at cost 356 - - - 356
Less accumulated depreciation:

Machinery and equipment 200 26 - - 226
Total accumulated depreciation 200 26 - - 226
Total assets being depreciated, net 156 (26) - - 130

Fiduciary fund capital assets, net $ 2,951 (26) - - 2,925

Depreciation expense was charged to functions of the City’s fiduciary fund for the year ended June 30, 2023 as follows:

Depreciation
ICI S
ystem $ 26

NOTE 7 – LONG-TERM DEBT

The City’s long-term debt as of June 30, 2023 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 19,330 - 2,025 17,305 2,125 GMFA 2019 lease revenue bonds premium - 3,834 - 484 3,350 484 Total Governmental activities $ 24,925 23,164 - 2,509 20,655 2,609

73 294 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

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 14,540 - 1,145 13,395 1,210 Electric revenue bonds, 2013 series 60,000 51,085 - 1,430 49,655 1,500 Electric revenue bonds, 2016 refunding series 72,615 57,820 - 3,420 54,400 3,590 Electric revenue bonds premium - 17,210 - 1,132 16,078 1,131 Water revenue bonds, 2012 series 35,000 32,610 - 580 32,030 615 Water revenue bonds, 2020 refunding series 36,625 33,405 - 1,680 31,725 1,725 Water revenue bonds premium - 3,523 - 220 3,303 221
Total Business-type activities

$ 274,750 210,193 - 9,607 200,586 9,992

Issuance
Amount
Balance
at July 1 Additions Retirements
Balance
at
June 30
Due
within
one year
Fiduciary activities:

2016 GSA tax allocation bonds refunding $ 20,810 20,81 0 - 6,665 14,145 6,935 GSA tax allocation bonds discount/premium - 1,08 6 - 449 637 449 Total Fiduciary activities $ 105,928 21,89 6 - 7,114 14,782 7,384

Leases payable

Balance
at July 1 Additions Retirements
Balance
at
June 30
Due
within
one year
Governmental activities $ 1,391 2,026 802 2,615 777 Business-type activities 218 - 54 164 54
Total Leases payable $ 1,609 2,026 856 2,779 831

Subscriptions payable

Balance
at July 1

Additions Retirements
Balance
at
June 30
Due
within
one year
Governmental activities $ 7,481 - 2,246 5,235 2,558 Business-type activities 35 - 17 18 18
Total Subscriptions payable $ 7,516 - 2,263 5,253 2,576

Bonds payable

Governmental activities:

The City has outstanding long-term bonded-debt for governmental activities of $20,655 of which has no direct borrowing and no direct placements related to governmental activities as of June 30, 2023. The City also has no outstanding or unused line of credit related to long-term debt of governmental activities as of June 30, 2023. 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

74 295 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

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.

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 $2,125 to $2,850 annually from FY 2023-24 to FY 2029-30. Outstanding principal balance at June 30, 2023 was $17,305.

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 $200,586, has no direct borrowings, and no direct placements related to business-type activities as of June 30, 2023. The City also has no outstanding or unused line of credit related to long-term debt of business-type activities as of June 30, 2023. 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 $172,040 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

75 296 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

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, 2023, the parity reserve fund has a balance of $4,941 held by the Trustee. Total debt service paid and total net available revenues for debt service coverage for FY 2022-23 were $12,167 and $30,236, respectively.

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 $71 as of June 30, 2023, 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 $1,210 to $1,805 annually from FY 2023-24 to FY 2031-32. Outstanding principal balance at June 30, 2023 was $13,395.

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 $1,500 to $3,795 annually from FY 2023-24 to FY 2042-43. Outstanding principal balance at June 30, 2023 was $49,655.

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.

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CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

The refunding resulted in the recognition of a deferred loss on refunding of $3,321 as of June 30, 2023, 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.

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 2023-24 to FY 2037-38. Outstanding principal balance at June 30, 2023 was $54,400.

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 $85,690 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, 2023, the parity reserve fund has a balance of $5,295 held by the Trustee. Total debt service paid and total net available revenues for debt service coverage for FY 2022-23 were $4,275 and $10,597, 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 $615 to $4,945 annually from FY 2023-24 to FY 2041-42. Outstanding principal balance as of June 30, 2023 was $32,030.

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 $795 as of June 30, 2023, 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.

77 298 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

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 $1,725 to $2,475 annually from FY 2023-24 to FY 2037-38. Outstanding principal balance at June 30, 2023 was $31,725.

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 $14,782, and no direct placements related to fiduciary activities as of June 30, 2023. The Successor Agency also has no outstanding or unused line of credit related to long-term debt of fiduciary activities as of June 30, 2023. 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 Subordinate Tax Allocation Bonds, 2016 Refunding Series that have bond insurance with Build America Mutual Assurance Company, 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 when due including any amounts due to Bond insurers in respect of the Bond Insurance Policy. Total debt service paid and total net available revenues for debt service coverage for FY 2022-23 were $7,436 and $37,338, respectively.

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, 2023 for $250 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 Board and the DOF. As of June 30, 2023, the principal balance is $14,145. The 2016 Bonds will mature in regularly increasing principal amounts ranging from $6,935 to $7,210 from FY 2023-24 to FY 2024-25. The reserve requirement of the bond issue is satisfied by a surety bond policy with a fair market value of $2,081. The 2016 Refunding Bonds are not subject to redemption prior to their stated maturities.

78 299 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Leases payable

Governmental activities:

The Verdugo Workforce Development Board has entered into a lease for office space that commenced in April 1, 2023 and expires on March 31, 2026. The agreement has monthly payments of $58 with interest rate of 2.24%.

The City has entered into an extended lease for ground floor space for the property known as the Library Connection @ Adams Square that commenced in April 1, 2021 and expires on March 21, 2024. The City has an option to renew the lease until March 31, 2026. The agreement has annual payments of $67 with interest rate of 0.54%. The annual payment is subject to an annual increase of 2.50%.

The City has entered into an extended lease for a space at a telecommunications facility known as Mt. Lukens with Crown Castle International that commenced in July 23, 2018 and expires on July 22, 2023. The City has an option to renew the lease until July 22, 2033. The agreement has monthly payments of $3 with interest rate of 1.25%. The monthly payment is subject to a 3.50% annual increase starting July 23, 2019.

Business-type activities:

The City has entered into a lease for a space at a telecommunications facility known as Flint Peak T1 CA with American Tower Corporation that commenced on April 1, 2021 and expires on March 31, 2026. The lease has an automatic renewal until March 31, 2031 and the City has an option to renew the lease until March 31, 2041. The agreement has annual payments of $4 with interest rate of 1.47%. The annual payment is subject to an annual increase of 5.00%.

The City has entered in its last five-year extension term of a land lease for the property known as Airspace Lease owned by the State of California – Department of Transportation in August 1, 2019 and expires on July 31, 2024.

The agreement has monthly payment of $4 with interest rate of 0.28%.

Subscriptions payable

Governmental activities:

The City has entered into a contract with West Publishing Corporation for an online legal software subscription and legal book subscriptions that commenced on July 1, 2022 and expires on June 30, 2025. The monthly subscription payment is $2 with interest rate of 2.24%. The monthly payment is subject to an annual increase of 3.00%.

The City has entered into a contract with Insight Public Sector Inc for Visual Lease enterprise lease platform software that commenced on January 1, 2022 and expires on December 31, 2024. The annual subscription payment is $10 with interest rate of $2.08%.

The City has entered into a contract with Qualtrax for compliance software used by Police department that commenced on January 1, 2023 and expires on December 31, 2025. The annual subscription payment is $10 with interest rate of 2.24% and subject to an annual increase of 10.00%.

The City has entered into a contract with Crayon Software for Microsoft licensing on server and desktop that commenced on January 1, 2022 and expires on December 31, 2024. The annual subscription payment is $288 with interest rate of 2.08%.

The City has entered into a contract with Central Square Technologies for software licensing of Police department’s computer-aided dispatch and automated records management system that commenced on September 29, 2022 and expires on September 28, 2027. The annual subscription payment of $29 is due after the first year with interest rate of 2.40% and subject to an annual increase of 5.00%.

79 300 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

The City has entered into a contract with Environmental System Research Institute for Geographic Information System (GIS) software that commenced on October 1, 2021 and expired on September 30, 2022. The City has exercised its option to renew until September 30, 2025. The minimum annual subscription payment is $194 with interest rate of 2.32%.

The City has entered into a contract with Granicus for DisclosureDocs software used by City Clerk department for Form 700 (Conflict of Interest) reporting that commenced on October 1, 2022 and expires on September 30, 2025.

The annual subscription payment is $18 with interest rate of 2.32% and subject to an annual increase of 7.00%.

The City has entered into a contract with State of California – California Department of Technology for Microsoft Office 365 Government Suite cloud-based productivity software that commenced on April 1, 2021 and expires on March 31, 2026. The minimum annual subscription payment is $885 with interest rate of 2.32%.

The City has entered into a contract with Axelliant LLC for Adobe Acrobat Sign SaaS solution platform that commenced on April 1, 2023 and expires on March 31, 2026. The annual subscription payment is $25 with interest rate of 2.32%.

The City has entered into a contract with JusticeTrax Inc. for Police department’s crime laboratory information management system that commenced on May 14, 2021 and expires on May 13, 2025. The annual subscription payment is $47 with interest rate of 2.24% and subject to an annual increase not exceeding 5.00%.

The City has entered into a contract with Genus Technologies LLC for Kofax paper and electronic documents capturing solution software that commenced on July 1, 2022 and expires on June 30, 2025. The annual subscription payment is $12 with interest rate of 2.24%.

The City has entered into a contract with Tyler Technologies Inc. for EnerGov land management software solution that commenced on April 1, 2021 and expires on March 31, 2026. The subscription has an automatic renewal until March 31, 2027. The annual subscription payment is $415 with interest rate of 2.32% and subject to an annual increase of 5.00% on its renewal term.

The City has entered into a contract with Axon Enterprise Inc. for an in-car and body-worn camera video storage application software used by Police department that commenced on July 11, 2019 and expires on July 10, 2024.

The annual subscription payment is $230 with interest rate of 2.08%.

The City has entered into a contract with Axon Enterprise Inc. for taser data storage application software used by Police department that commenced in September 25, 2020 and expires on September 24, 2025. The minimum annual subscription payment is $159 with interest rate of 2.24%.

The City has entered into a contract with Innovative Interfaces Inc. for an integrated library resource management system used by Library, Arts & Culture department for Glendale residents that commenced in July 1, 2020 and expires on June 30, 2025. The annual subscription payment is $76 with interest rate of 2.24%. Starting July 1, 2022, the annual subscription payment is subject to a 2.50% increase, then 3.00% and 3.50% increases on July 1, 2023 and July 1, 2024 respectively.

The City has entered into a contract with Innovative Interfaces Inc. for a resource sharing application system used by Library, Arts & Culture department to provide Glendale residents access to a consortium of over 70 area libraries to easily borrow books and materials and have them delivered to Glendale library location of the customer’s choice. The contract commenced on November 1, 2020 and expires on June 30, 2025. The annual subscription payment is $15 with interest rate of 2.24%. Starting July 1, 2022, the annual subscription payment is subject to a 2.50% increase, then 3.00% and 3.50% increases on November 1, 2023 and July 1, 2024 respectively.

80 301 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Business-type activities:

The City has entered into a contract with PulsePoint Foundation for a location-aware application system used by Fire department that citizens can download and use to send an alert with the dispatch of local paramedics to assist victims of sudden cardiac arrest. The contract is in its last amended three additional one-year terms effective November 21, 2021 and expires on November 20, 2024. The annual subscription payment is $18 with interest rate of 2.08%.

Annual Requirement Schedules
The City’s annual debt service requirement schedules as of June 30, 2023 are as follows:

Governmental and business-type activities:

GMFA 2019 Lease Revenue
Refunding Bonds

Fiscal Year Interes t Principal
2024 $ 865 2,125
2025 759 2,230
2026 648 2,345
2027 530 2,460
2028 407 2,585
2029-2030 421 5,560
$ 3,630 17,305

Electric Revenue Bonds Water Revenue Bonds
Fiscal Year Interes t Principal Interest Principal
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 4,881 7,270 1,712 2,560
2028 4,518 7,630 1,636 2,635
2029-2033 16,833 35,000 6,730 14,960
2034-2038 9,027 30,470 4,611 17,560
2039-2043 2,672 17,250 1,673 18,800
$ 54,590 117,450 21,935 63,755

Total Governmental
Activities
Total Business-type
Activities

Total
Debt Service Fiscal Year Interes t Principal Interes t Principal 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 407 2,585 6,154 10,265 19,411
2029-2033 421 5,560 23,563 49,960 79,504
2034-2038 - - 13,638 48,030 61,668
2039-2043 - - 4,345 36,050 40,395
$ 3,630 17,305 76,525 181,205 278,665

81 302 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Fiduciary activities:

GSA Tax Allocation
Bonds
Total
Fiduciary
Activities
Debt Service
Fiscal
Year Interes
t

Principal

2024 $ 499

6,935

7,434
2025 180 7,210 7,390
$ 679 14,145 14,824

The City's total future minimum lease payments under lease agreements as of June 30, 2023 are as follows:

Governmental Activities Business-type Activities
Total Fiscal Year Interes t Principal Interes t Principal 2024 $ 41 777 2 54 874
2025 25 797 2 8 832
2026 9 623 1 4 637
2027 5 51 1 4 61
2028 4 53 1 4 62
2029-2033 10 310 6 26 352
2034-2038 - 4 3 38 45
2039-2042 - - 1 26 27
$ 94 2,615 17 164 2,890

The City's total future minimum subscription payments under subscriptions-based information technology agreements (SBITA) as of June 30, 2023 are as follows:

Governmental Activities Business-type Activities
Total Fiscal Year Interes t Principal Interes t Principal 2024 $ 93 2,558 - 18 2,669
2025 42 2,183 - - 2,225
2026 9 460 - - 469
2027 - 34 - - 34
$ 144 5,235 - 18 5,397

82 303 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(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.

83 304 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

The Plans’ provisions and benefits in effect at the measurement date ended June 30, 2022, are summarized as follows, which remain the same for FY 2022-23.

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, 2022, the following employees were covered by the benefit terms:

Miscellaneous Safet
y
Inactive employees or beneficiaries currently receiving benefits 1,871 635 Inactive employees entitled to but not yet receiving benefits 2,152 102 Active employees 1,365 383
Total 5,388 1,120

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

84 305 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(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, 2023, for the Miscellaneous Plan, the normal cost rate is 9.86%, the amount for the unfunded liability is $32,005, and the prepayment amount for the unfunded liability is $30,940. The City chose the prepayment option to pay the $30,940 in July 2022, instead of paying 1/12 th of $32,005 on a monthly basis. For
FY 2022-23, the City calculates the rate for the unfunded liability to be 31.188%. Accordingly, the total employer contribution rate is 41.048%.

The City’s Miscellaneous Plan member contribution rates and employer contribution rates for FY 2022-23, 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% 38.048% 41.048% Classic (2nd Tier) 2.0% @ 55 7.00% 3.00% 38.048% 41.048% PEPRA (3rd Tier) 2.0% @ 62 7.00% 3.00% 38.048% 41.048%
Executive
Classic (1st Tier) 2.5% @ 55 8.00% 3.00% 38.048% 41.048% Classic (2nd Tier) 2.0% @ 55 7.00% 3.00% 38.048% 41.048% PEPRA (3rd Tier) 2.0% @ 62 7.00% 3.00% 38.048% 41.048%
GCEA
Classic (1st Tier) 2.5% @ 55 11.00% 0.00%* 38.048% 38.048% Classic (2nd Tier) 2.0% @ 55 10.00% 0.00%* 38.048% 38.048% PEPRA (3rd Tier) 2.0% @ 62 10.00% 0.00%* 38.048% 38.048% IBEW
Classic (1st Tier) 2.5% @ 55 8.00% 3.00% 38.048% 41.048% Classic (2nd Tier) 2.0% @ 55 7.00% 3.00% 38.048% 41.048% PEPRA (3rd Tier) 2.0% @ 62 7.00% 3.00% 38.048% 41.048%
GMA
Classic (1st Tier) 2.5% @ 55 11.00% 0.00%** 38.048% 38.048% Classic (2nd Tier) 2.0% @ 55 10.00% 0.00%** 38.048% 38.048% PEPRA (3rd Tier) 2.0% @ 62 10.00% 0.00%** 38.048% 38.048%

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 2022-23, the cost sharing rate is 3%.

**Since November 2018, GMA members' cost sharing rate became part of their member contribution rate.

In FY 2022-23, the cost sharing rate is 3%.

85 306 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

At the fiscal year ended June 30, 2023, for the Safety Plan, the normal cost rate is 20.62%, the amount for the unfunded liability is $24,657, and the prepayment amount for the unfunded liability is $23,837. The City chose the prepayment option to pay the $23,837 in July 2022, instead of paying 1/12th of $24,657 on a monthly basis. For FY 2022-23, the City calculates the rate for the unfunded liability to be 44.8%. Accordingly, the total employer contribution rate is 65.42%.

The City’s Safety Plan member contribution rates and employer contribution rates for FY 2022-23, 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% 62.420% 65.420% Classic (2nd Tier) 3.0% @ 55 9.00% 3.00% 62.420% 65.420% PEPRA (3rd Tier) 2.7% @ 57 11.50% 3.00% 62.420% 65.420% Executive - Police
Classic (1st Tier) 3.0% @ 50 9.00% 3.00% 62.420% 65.420% Classic (2nd Tier) 3.0% @ 55 9.00% 3.00% 62.420% 65.420% PEPRA (3rd Tier) 2.7% @ 57 11.50% 3.00% 62.420% 65.420% GMA - Fire
Classic (1st Tier) 3.0% @ 50 16.50% 0.00%* 57.920% 57.920% Classic (2nd Tier) 3.0% @ 55 16.50% 0.00%* 57.920% 57.920% PEPRA (3rd Tier) 2.7% @ 57 19.00% 0.00%* 57.920% 57.920% GMA - Police
Classic (1st Tier) 3.0% @ 50 12.50% 0.00%* 61.920% 61.920% Classic (2nd Tier) 3.0% @ 55 12.50% 0.00%* 61.920% 61.920% PEPRA (3rd Tier) 2.7% @ 57 15.00% 0.00%* 61.920% 61.920% GFFA
Classic (1st Tier) 3.0% @ 50 9.00% 4.50% 60.920% 65.420% Classic (2nd Tier) 3.0% @ 55 9.00% 4.50% 60.920% 65.420% PEPRA (3rd Tier) 2.7% @ 57 11.50% 3.50% 61.920% 65.420% GPOA
Classic (1st Tier) 3.0% @ 50 9.00% 3.50% 61.920% 65.420% Classic (2nd Tier) 3.0% @ 55 9.00% 3.50% 61.920% 65.420% PEPRA (3rd Tier) 2.7% @ 57 11.50% 1.75% 63.670% 65.420%

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 2022-23, the cost sharing rate for GMA – Fire is 7.5%.

In FY 2022-23, the cost sharing rate for GMA – Police is 3.5%.

86 307 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

At the fiscal year ended June 30, 2023, 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: $2,566 for the Miscellaneous Plan, and $229 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 $ 40,691 37,724 2,967
Safety
Police 20,897 19,909 988
Fire 14,541 13,526 1,015
Total Safety 35,438 33,435 2,003
Total $ 76,129 71,159 4,970

Net Pension Liability

The City’s net pension liability for each plan was measured as of June 30, 2022, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2021, rolled forward to June 30, 2022, using standard update procedures.

Actuarial Assumptions

The June 30, 2021 valuation was rolled forward to measure the June 30, 2022 total pension liability, based on the following actuarial methods and assumptions:

Valuation date June 30, 2021
Measurement date June 30, 2022
Actuarial cost method Entry Age Actuarial Cost Method
Actuarial assumptions:

Discount rate 6.90%
Inflation 2.30%
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 2.30% until Purchasing Power Protection Allowance floor on purchasing power applies, 2.30% thereafter

The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019. Pre-retirement and Post-retirement mortality rates include generational mortality improvements using 80% of Scale MP-2020 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 November 2021 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.

87 308 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations. Using historical returns of all the funds’ assets classes, expected compound (geometric) returns were calculated over the next 20 years using a building-block approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 basis points. The expected real rates of return by asset class are as followed:

Asset Class* Assumed asset allocation Real return**
Global equity – Cap-weighted 30.00% 4.54%
Global equity – Non-cap-weighted 12.00% 3.84%
Private equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed securities 5.00% 0.50%
Investment grade corporates 10.00% 1.56%
High yield 5.00% 2.27%
Emerging market debt 5.00% 2.48%
Private debt 5.00% 3.57%
Real assets 15.00% 3.21%
Leverage (5.00%) (0.59%)
Total 100.00%

*An expected inflation of 2.30% used for this period.

**Figures are based on the 2021 Asset Liability Management Study.

Discount Rates

The discount rate used to measure the total pension liability was 6.90%. 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.

88 309 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

Changes in the Net Pension Liability
The changes in the Net Pension Liability measured as of June 30, 2022 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, 2022 $ 1,262,140 1,083,436 178,704 Changes in the year:

Service cost 18,657 - 18,657
Interest on the total pension liabilit
y 86,698 - 86,698
Chan ges of assumptions 37,616 37,616
Differences between actual and expected
experience
(19,997)

-

(19,997)
Contribution from the emplo yer - 38,620 (38,620) Contribution from the emplo yees - 10,491 (10,491) Net investment income - (81,807) 81,807 Benefit payments, including refunds of employee
contributions (65,188)

(65,188)

-
Administrative expense - (675) 675 Net changes 57,786 (98,559) 156,345
Balance at June 30, 2023 $ 1,319,926 984,877 335,049

Safety Plan:

Increase
(Decrease)

Total Pension
Liability
(a)
Plan Fiduciary
Net Position
(b)
Net Pension
Liability/(Asset)
(c) = (a) – (b)

Balance at June 30, 2022 $ 955,815 745,703 210,112
Changes in the year:

Service cost 17,490 - 17,490
Interest on the total pension liabilit y 66,942 - 66,942 Chan ges of assumptions 33,196 33,196
Differences between actual and expected
experience
(2,699)

-

(2,699)
Contribution from the emplo yer - 35,100 (35,100) Contribution from the emplo yees - 5,499 (5,499) Net investment income - (56,694) 56,694 Benefit payments, including refunds of employee
contributions (49,777)

(49,777)

-
Administrative expense - (465) 465 Net changes 65,152 (66,337) 131,489
Balance at June 30, 2023 1,020,967 679,366 341,601

Total for both plans at June 30, 2023 $ 2,340,893 1,664,243 676,650

89 310 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(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 6.90%, 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 5.90%

5.90%

5.90%
Net Pension Liability $ 511,987 481,939 993,926
Current Discount Rate 6.90%

6.90%

6.90%
Net Pension Liability $ 335,049 341,601 676,650
1% Increase 7.90%

7.90%

7.90%
Net Pension Liability $ 189,438 226,694 416,132

Pension Expense and Deferred Outflows/Inflows of Resources Related to Pensions

As of June 30, 2023, 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 $ 214,842 72,641 9,185 21,344
Safety plan 341,601 96,118 5,061 40,656
Total Governmental activities 556,443 168,759 14,246 62,000

Business-type activities:

Miscellaneous plan 120,207 40,820 5,154 12,405
Total $ 676,650

209,579

19,400

74,405

Miscellaneous Plan:

At June 30, 2023, 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 $ 38,126 - Changes of assumptions 25,482 -
Differences between expected and actual experience 210 14,339 Net differences between projected and actual earnings
on plan investments 49,643

-
Total $ 113,461 14,339

90 311 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

The amount of $38,126 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, 2024.

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
2024 $ 13,067
2025 12,767
2026 3,974
2027 31,188
Total $ 60,996

Safety Plan:

At June 30, 2023, 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 $ 35,210 - Changes of assumptions 25,100 -
Differences between expected and actual experience 1,467 5,061 Net differences between projected and actual earnings
on plan investments 34,341

-
Total $ 96,118 5,061

The amount of $35,210 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, 2024.

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
2024 $ 12,967
2025 10,899
2026 9,675
2027 22,306
Total $ 55,847

Pension Plan Fiduciary Net Position

Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

91 312 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

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, 2023, 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 $44 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 2022-23, PARS payments were $55 and $12 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.

92 313 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(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, 2023 were $509.

Employees Covered by Benefit Terms

At June 30, 2022, 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 72 Inactive employees entitled to but not yet receiving benefit payments 118 Active employees 1,362
Total 1,552

Total OPEB Liability

The City’s total OPEB liability of $12,427 was measured as of June 30, 2022, and was determined by an actuarial valuation as of June 30, 2021, rolled forward to June 30, 2022 using standard update procedures. A summary of principal assumptions and methods used to determine the total OPEB liability is shown below.

93 314 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(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, 2022
Discount rate 3.54%
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 2000-2019 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, 2022 is as follows:

Total OPEB Liabilit
y
Balance at June 30, 2020 $ 15,015
Changes in the year:

Service cost 43
Interest 319
Assumption changes (2,420)
Benefit payments (530)
Net changes (2,588)
Balance at June 30, 2021 $ 12,427

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:

2.54% 3.54% 4.54%
Total OPEB Liabilit
y $ 14,113 12,427 11,037

94 315 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(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 $ 12,327

12,427

12,545

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, 2023, the City recognized OPEB income of $183. At June 30, 2023, 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 $ 509 - Changes of assumptions 2,316 3,494
Differences between expected and actual experience - 2,640

Total $ 2,825 6,134

The amount of $509 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, 2024.

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
2024 $ (545)
2025 (545)
2026 (545)
2027 (365)
2028 (307)
Thereafter (1,511)
Total $ (3,818)

Change in Assumption

Discount rate was changed from 2.16% to 3.54%.

95 316 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

NOTE 10 – NET DEFICITS OF INDIVIDUAL FUNDS

As of June 30, 2023, the following funds have negative fund balances or net position:

Governmental funds:

Special revenue funds:

CDBG Fund $ 298
Continuum of Care Grant Fund 2,182
Emergency Solutions Grant Fund 588
Grant Fund 1,141
Measure M Subregional Fund 226
Permanent Local Housing Allocation Fund 3,513
PW Special Grants Fund 36
Measure R Regional Return Fund 1,882
Police Fund 2,067
Fire Grant Fund 783

Capital projects funds:

CIP Reimbursement Fund $ 1,922
Measure A Fund 474

Proprietary funds:

Internal service funds:

Compensation Insurance Fund $ 12,095
Employee Benefits Fund 1,965

The CDBG Fund, Continuum of Care Grant Fund, Emergency Solutions Grant Fund, Grant Fund, Measure M Subregional Fund, Permanent Local Housing Allocation Fund, PW Special Grants Fund, Measure R Regional Return Fund, Police Fund, Fire Grant Fund, CIP Reimbursement Fund and Measure A 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 and Employee Benefits Fund – The City will continue to increase the future charges to other funds to eliminate the deficit.

96 317 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(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 2022-23 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, 2023 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
2021-22 $ 75,465 53,199 48,563 80,101 13,159
2022-23 $ 80,101 54,449 50,851 83,699 16,393

97 318 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(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. The project will terminate on December 31, 2023.

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.

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 began commercial operation in September 2022.

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.

98 319 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

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 2025.

Scholl Canyon Landfill

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 contracts 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, 2022 was 13.56 million tons. The permitted capacity filled between July 11, 2022 and July 10, 2023 was 0.40 million tons. The total permitted capacity as of August 18, 1989 remains 14.75 million tons. Therefore, the City has 0.79 million tons unfilled capacity remaining. Using an inflation factor from the Sanitation Districts of 1.070, the total estimated care postclosure cost is $83,161. Using the data above, the amount of $78,707 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 $4,454. 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, 2023, the City has set aside $59,504 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.

The Los Angeles County Sanitation Districts operates the Scholl Canyon Landfill through a Joint Powers Agreement (JPA). The City receives revenue from the County Sanitation Districts in the form of quarterly lease payments that is 40% of the Gross Receipts from the operation of the landfill. Gross Receipts is defined in the JPA and excludes diverted materials, and the amount is reduced by any fee, duty, or other charge imposed by the Federal, State, or Local agencies. The JPA also defines Surplus Revenue as Gross Receipts minus operation and maintenance expenses and states that if the Surplus Revenue in any quarter is less than 40% of Gross Receipts, then such discrepancy shall be deemed to be deficient and shall be paid to the City in subsequent quarters. The Los Angeles County Sanitation Districts recently determined that this deficiency occurred which the City currently disputes. There is potential future city obligation of $0 - $3,650 related to this dispute.

General Fund Transfer and Electric Rates Litigation
Background
As of October 31, 2022, the lawsuits challenging the City’s 2013 electric rate plan and the transfer of revenues from the Glendale Water & Power (GWP) Electric Fund to the General Fund have concluded. 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.

99 320 of 560

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2023
(in thousands)

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.

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.

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In sum, rather than being required to refund some $20,000 over five years (e.g., some $100,000), 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.

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, 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 resolved any legal challenges to the 2018 rates.

IBEW Appeal and Conclusion of Case

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. IBEW did not seek rehearing or Supreme Court review of the Court of Appeal’s October 31, 2022 decision; thus the Saavedra case is final. There are no ongoing challenges to the City’s GFT.

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 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 $44 (1-person household at 60% AMI) to $135 (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.

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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 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 $44 (1-person household at 60% AMI) to $135 (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 three market-rate projects in Glendale. These projects include Altana with 507 apartment units, hue39 (formerly Brio) with 143 units, and Towne at Glendale with 126 units, for a total of 776 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 Powers Authority – Burbank-Glendale-Pasadena Regional Housing Trust

SB 1177 was signed into law by Governor Newsom and became effective January 1, 2023. The bill authorized the creation of the Burbank-Glendale-Pasadena Regional Housing Trust, a joint powers authority, of the Cities of Burbank, Glendale, and Pasadena, with the stated purpose of funding housing to assist the homeless population and persons and families of extremely low, very low, low, and moderate income. The bill also authorized the Burbank- Glendale-Pasadena Regional Housing Trust to fund the planning and construction of housing, receive public and private financing and funds, and authorize and issue bonds. The governance structure of the Trust consists of a Board of Directors with one elected official from each of the three cities.

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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.

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 46% of its total energy requirements during FY 2022-23. 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.

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• 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, 2023, 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.

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, 2023, 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, 2023, Glendale’s share is 2.27%.

In October 2022, the City Council approved Motion authorizing execution of the Renewal Agreement for the Acquisition of Capacity, and Renewal Transmission Service Contract with SCPPA for STS, including any ancillary documents to administer and effectuate the implementation of these agreements. As a result, the City will acquire in 2027, transmission capacity of 5.278% through 2077.

• 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, 2023, 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

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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, 2023, 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, 2023, 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, 2023, Glendale’s generation cost share is 16.53% and indenture cost share is 17.25%.

• 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, 2023, 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, 2023, 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, 2023, 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, 2023, 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 sha re 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, 2023, Glendale’s share is 4.90%.

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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:

Project
Contract
Expiration
Date

Glendale’s
Share
Intermountain Power Project (IPP) * 2027 2.12%
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

A summary of the City’s “Take or Pay” debt service commitment and the final maturity date as of June 30, 2023:

Fiscal Year IPP STS MPP NGPP LIN THP WP MIL2 Total 2024 $ 984 1,594 3,335 2,950 933 1,382 1,866 495 13,539 2025 850 730 3,363 5,760 4,379 1,383 13,002 495 29,962 2026 850 729 3,388 6,043 246 2,130 286 495 14,167 2027 1,355 727 3,418 6,054 246 1,232 286 494 13,812 2028 1,877 728 3,448 6,334 246 1,233 286 494 14,646 2029 - 2033 13,130 - 17,736 35,048 2,707 6,142 6,437 1,969 83,169 2034 - 2038 13,095 - 17,619 16,296 2,819 6,118 - - 55,947 2039 - 2043 13,033 - - - - 3,675 - - 16,708 2044 - 2046 7,787 - - - - - - - 7, 787 Total $ 52,961 4,508 52,307 78,485 11,576 23,295 22,163 4,442 249,737

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 2023 and 2022 are as follows:

Fiscal
Year IPP PV STS SJ M
A MP MPP NGPP LIN THP WP MIL2 Total
2023 $6,907 2,795 588 2 338 204 5,635 8,085 - 958 - - 25,512 2022 $6,912 2,895 334 7 322 268 6,328 4,682 - 1,046 - - 22,794

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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. 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 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, 2023:

• 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.

• 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. The implementation of this statement did not affect the net position on July 1, 2022.

• 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. The implementation of this statement did not affect the net position on July 1, 2022.

• 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 financi
al guarantees. The requirements related to leases, PPPs, and SBITAs are effective for fiscal years beginning after June 15, 2022.

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NOTE 16 – SUBSEQUENT EVENTS

In an effort to lower its liability insurance premium cost and lower its Self-Insured Retention, on June 27, 2023, Council approved the authorization to Join Public Risk Innovation, Solutions, and Management (PRISM) Joint Powers Authority and the annual Insurance Policy Renewals for Fiscal Year 2023-24 (effective July 1, 2023). This would result in lowering its self-insured retention from $5 million back down to $2 million and increase coverage limits for a couple of years.

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Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2023 2022 2021 2020
Total pension liability
Service cost $ 18,657 17,002 16,683 16,372
Interest on the total pension liability 86,698 85,712 83,093 80,133 Differences between expected and actual experience (19,997) (2,379) 3,355 10,478 Changes of assumptions 37,616 - - - Benefit payments, including refunds of
employee contributions (65,188) (61,690) (60,158) (57,071) Net change in total pension liability 57,786 38,645 42,973 49,912 Total pension liability - beginning 1,262,140 1,223,495 1,180,522 1,130,610 Total pension liability - ending (A) 1,319,926 1,262,140 1,223,495 1,180,522 Plan fiduciary net position
Plan to plan resource movement - - (8) - Contributions from the employer 38,620 36,495 29,257 24,992 Contributions from employees 10,491 11,011 11,249 10,176 Net investment income (81,807) 202,381 43,263 54,849 Benefit payments, including refunds of
employee contributions (65,188) (61,690) (60,158) (57,071) Administrative expense (675) (895) (1,232) (600) Other miscellaneous income/(expense) - - - 2 Net change in fiduciary net position (98,559) 187,302 22,371 32,348 Plan fiduciary net position - beginning 1,083,436 896,134 873,763 841,415 Plan fiduciary net position - ending (B) 984,877 1,083,436 896,134 873,763 Net pension liability - ending (A) - (B) $ 335,049 178,704 327,361 306,759 Plan fiduciary net position
as a percentage of the total pension liability 74.62% 85.84% 73.24% 74.01% Covered payroll $ 101,450 101,565 99,009 95,277 Net pension liability as a percentage of covered payroll 330.26% 175.95% 330.64% 321.97% Measurement date June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 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 nine years of data are shown.

Fiscal Year

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Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2019 2018 2017 2016 2015
Total pension liability
Service cost $ 15,956 15,513 13,413 14,372 14,951 Interest on the total pension liability 76,746 74,508 73,104 71,411 69,351 Differences between expected and actual experience 1,240 (11,313) (12,487) (8,835) - Changes of assumptions (6,403) 62,163 - (17,578) - Benefit payments, including refunds of
employee contributions (54,969) (52,599) (51,297) (50,059) (47,552) Net change in total pension liability 32,570 88,272 22,733 9,311 36,750 Total pension liability - beginning 1,098,040 1,009,768 987,035 977,724 940,974 Total pension liability - ending (A) 1,130,610 1,098,040 1,009,768 987,035 977,724 Plan fiduciary net position
Plan to plan resource movement (2) 2 - (25) - Contributions from the employer 22,006 18,558 16,517 13,344 14,431 Contributions from employees 8,996 8,518 8,092 8,142 8,202 Net investment income 67,307 82,439 3,709 17,215 117,615 Benefit payments, including refunds of
employee contributions (54,969) (52,599) (51,297) (50,059) (47,552) Administrative expense (1,249) (1,101) (469) (881) - Other miscellaneous income/(expense) (2,372) - - - - Net change in fiduciary net position 39,717
55,817 (23,448) (12,264) 92,696 Plan fiduciary net position - beginning 801,698 745,881 769,329 781,593 688,897 Plan fiduciary net position - ending (B) 841,415 801,698 745,881 769,329 781,593 Net pension liability - ending (A) - (B) $ 289,195 296,342 263,887 217,706 196,131 Plan fiduciary net position
as a percentage of the total pension liability 74.42% 73.01% 73.87% 77.94% 79.94% Covered payroll $ 92,799 90,627 86,558 91,786 91,275 Net pension liability as a percentage of covered payroll 311.64% 326.99% 304.87% 237.19% 214.88% Measurement date June 30, 2018 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 nine years of data are shown.

Schedule of Changes in Net Pension Liability and Related Ratios - Miscellaneous Plan Fiscal Year

110
331 of 560

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
Schedule of Changes in Net Pension Liability and Related Ratios - Safety Plan 2023 2022 2021 2020
Total pension liability
Service cost $ 17,490 15,510 15,682 15,196 Interest on the total pension liability 66,942 64,856 62,988 60,331 Differences between expected and actual experience (2,699) (5,898) 5,391 4,900 Changes of assumptions 33,196 - - - Benefit payments, including refunds of
employee contributions (49,777) (47,743) (45,366) (42,663) Net change in total pension liability 65,152 26,725 38,695 37,764 Total pension liability - beginning 955,815 929,090 890,395 852,631 Total pension liability - ending (A) 1,020,967 955,815 929,090 890,395 Plan fiduciary net position
Plan to plan resource movement - - 8 - Contributions from the employer 35,100 33,085 28,464 25,371 Contributions from employees 5,499 5,285 5,116 5,008 Net investment income (56,694) 139,596 29,762 37,580 Benefit payments, including refunds of
employee contributions (49,777) (47,743) (45,366) (42,663) Administrative expense (465) (615) (844) (410) Other miscellaneous income/(expense)
- - - 1
Net change in fiduciary net position (66,337) 129,608 17,140 24,887 Plan fiduciary net position - beginning 745,703 616,095 598,955 574,068 Plan fiduciary net position - ending (B) 679,366 745,703 616,095 598,955 Net pension liability - ending (A) - (B) $ 341,601 210,112 312,995 291,440 Plan fiduciary net position
as a percentage of the total pension liability

66.54% 78.02% 66.31% 67.27%
Covered payroll $ 54,640 53,408 53,105 51,155 Net pension liability as a percentage of covered payroll 625.18% 393.41% 589.39% 569.72% Measurement date June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 Note:

FY 2015 is the first year of implementation of GASB 68; therefore, only nine years of data are shown.

Fiscal Year

111
332 of 560

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2019 2018 2017 2016 2015
Total pension liability
Service cost $ 14,872 14,641 12,975 13,038 13,249 Interest on the total pension liability 57,734 56,003 54,489 52,434 50,558 Differences between expected and actual experience (3,943) (7,654) (3,055) (5,684) - Changes of assumptions (3,509) 47,703 - (13,128) - Benefit payments, including refunds of
employee contributions (40,017) (38,186) (36,522) (34,522) (32,654) Net change in total pension liability 25,137 72,507 27,887 12,138 31,153 Total pension liability - beginning 827,494 754,987 727,100 714,962 683,809 Total pension liability - ending (A) 852,631 827,494 754,987 727,100 714,962 Plan fiduciary net position
Plan to plan resource movement (1) (2) - - - Contributions from the employer 22,548 19,843 18,266 16,789 14,887 Contributions from employees 4,602 4,305 4,517 4,394 4,716 Net investment income 45,731 55,289 2,584 11,489 77,826 Benefit payments, including refunds of
employee contributions (40,017) (38,186) (36,522) (34,522) (32,654) Administrative expense (847) (743) (314) (579) - Other miscellaneous income/(expense) (1,609) - - - - Net change in fiduciary net position 30,407
40,506 (11,469) (2,429) 64,775 Plan fiduciary net position - beginning 543,661 503,155 514,624 517,053 452,278 Plan fiduciary net position - ending (B) 574,068 543,661 503,155 514,624 517,053 Net pension liability - ending (A) - (B) $ 278,563 283,833 251,832 212,476 197,909 Plan fiduciary net position
as a percentage of the total pension liability 67.33% 65.70% 66.64% 70.78% 72.32% Covered payroll $ 49,624 48,322 48,245 48,174 47,373 Net pension liability as a percentage of covered payroll 561.35% 587.38% 521.99% 441.06% 417.77% Measurement date June 30, 2018 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 nine years of data are shown.

Fiscal Year

112
333 of 560

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
Schedule of Pension Plan Contributions - Miscellaneous Plan 2023 2022 2021 2020
Actuarially determined contributions $ 38,126 35,174 32,308 29,240 Contributions in relation to the actuarially
determined contribution (38,126) (38,613) (32,308) (29,240) Contribution deficiency (excess) - (3,439) - - Covered payroll $ 99,204 101,450 101,565 99,009 Contributions as a percentage of covered payroll 38.432% 34.671% 31.810% 29.533% 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 nine years of data are shown.

Fiscal Year
59 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 fair value of assets.

0.40% to 8.50%, depending on category, entry age, and duration of service.

2.50%

2.75%

113
334 of 560

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2019 2018 2017 2016 2015
Actuarially determined contributions $ 27,791 23,741 18,972 16,519 13,357 Contributions in relation to the actuarially
determined contribution (27,791) (23,741) (18,972) (16,519) (13,357) Contribution deficiency (excess) - - - - - Covered payroll $ 95,277 92,799 90,627 86,558 91,786 Contributions as a percentage of covered payroll 29.169% 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 nine years of data are shown.

Schedule of Pension Plan Contributions - Miscellaneous Plan 59 2.75%

2.50%

0.40% to 8.50%, depending on category, entry age, and duration of service.

Equal to the fair 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

114
335 of 560

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
Schedule of Pension Plan Contributions - Safety Plan
2023 2022 2021 2020
Actuarially determined contributions $ 35,210 33,879 31,033 28,471 Contributions in relation to the actuarially
determined contribution (35,210) (35,103) (31,033) (28,471) Contribution deficiency (excess) - (1,224) - - Covered payroll $ 53,207 54,640 53,408 53,105 Contributions as a percentage of covered payroll 66.176% 62.004% 58.106% 53.613% 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 nine years of data are shown.

Fiscal Year
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 fair value of assets.

0.97% to 17%, depending on category, entry age, and duration of service.

2.50%

2.75%

115
336 of 560

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
Schedule of Pension Plan Contributions - Safety Plan
2019 2018 2017 2016 2015
Actuarially determined contributions $ 25,487 22,470 19,984 18,257 16,772 Contributions in relation to the actuarially
determined contribution (25,487) (22,470) (19,984) (18,257) (16,772) Contribution deficiency (excess) - - - - - Covered payroll $ 51,155 49,624 48,322 48,245 48,174 Contributions as a percentage of covered payroll 49.823% 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 nine years of data are shown.

Fiscal Year
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 fair value of assets.

0.97% to 17%, depending on category, entry age, and duration of service.

2.5%

2.75%

116
337 of 560

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2023 2022 2021
Total OPEB liability
Service cost $ 43 46 38 Interest on the total OPEB liability 319 400 524 Changes of assumptions (2,420) (520) 2,947 Actual vs. expected experience - (2,760) - Benefit payments (530) (372) (423) Net change in total OPEB liability (2,588) (3,206) 3,086 Total OPEB liability - beginning 15,015 18,221 15,135 Total OPEB liability - ending 12,427 15,015 18,221 Covered-employee payroll $ 168,994 169,684 165,230 Total OPEB liability as a percentage
of covered employee payroll 7.35% 8.85% 11.03%
Measurement date June 30, 2022 June 30, 2021 June 30, 2020 Notes:
(1) FY 2018 is the first year of implementation of GASB 75; therefore, only six 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

117
338 of 560

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2020 2019 2018
Total OPEB liability
Service cost $ 44
46 57
Interest on the total OPEB liability 582 556 493
Changes of assumptions 543 (619) (1,790)
Actual vs. expected experience (772) - -
Benefit payments (476) (507) (487)
Net change in total OPEB liability (79) (524) (1,727) Total OPEB liability - beginning 15,214 15,738 17,465 Total OPEB liability - ending 15,135 15,214 15,738
Covered-employee payroll $ 160,653 156,117 150,107
Total OPEB liability as a percentage
of covered employee payroll 9.42% 9.75% 10.48%
Measurement date June 30, 2019 June 30, 2018 June 30, 2017 Notes:
(1) FY 2018 is the first year of implementation of GASB 75; therefore, only six 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
118
339 of 560

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, and Capital Improvement Fund. This section includes special revenue funds, debt service funds, and capital projects funds.
340 of 560

Exhibit G-1

CITY OF GLENDALE
Combining Governmental Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
(amounts expressed in thousands)
Special Revenue
Funds
Debt Service
Fund
Capital Projects
Funds
Total Nonmajor
Governmental Funds
ASSETS
Pooled cash and investments 123,245 $ 10,281$ 137,388$ 270,914$ Restricted cash and investments -

-
59,504 59,504
Leases receivable 22,067 -
-
22,067
Accounts receivable, net 21,803 -
3,383 25,186
Interest receivable 188
-
383
571

Loans receivable 6,760 -
-
6,760
Prepaid items 76
-
-
76 Total assets 174,139 10,281 200,658 385,078

LIABILITIES
Accounts payable 6,144 -

850
6,994
Deposits 114
-
-
114

Due to other funds 10,902 -
473
11,375
Unearned revenues 9,176 -
10,454 19,630
Wages and benefits payable 647
-
37 684

Total liabilities 26,983 -
11,814 38,797

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases 21,590 -

-
21,590
Unavailable revenues 20,198 -
2,398 22,596
Total deferred inflows of resources 41,788 -
2,398 44,186
Total liabilities and deferred inflows of
resources 68,771 - 14,212 82,983

FUND BALANCES (DEFICITS)
Nonspendable
Prepaid 76
-
-
76 Restricted
Air quality improvement 1,148 -
-
1,148
Cable access 4,010 -
-
4,010
Capital projects -
-
73,038 73,038
Electric public benefit AB1890 10,857 -
-
10,857
Federal and state grants 5,474 -
-
5,474
Impact fee funded projects -
-
32,585 32,585
Landfill postclosure -
-
59,504 59,504
Landscaping district 285
-
-
285

Low and moderate housing 9,430
-
-
9,430
Public safety 4,477 -
-
4,477
Public works 4,506 -
-
4,506
State gas tax mandates -
-
21,521 21,521
Transportation 55,529
-
-
55,529
Urban art 9,680 -
-
9,680
Youth employment 11
-
-
11 Committed
Capital projects -
-
2,194 2,194
Debt service -
10,281 -
10,281
Hazardous materials 3,704 -
-
3,704
Parking 8,474
-
-
8,474
Public safety 499
-
-
499

Unassigned (12,792) -
(2,396) (15,188)
Total fund balances (deficits) 105,368 10,281 186,446 302,095 Total liabilities, deferred inflows of resources
and fund balances (deficits) 174,139$ 10,281$ 200,658$ 385,078$ 119
341 of 560

Exhibit G-2

CITY OF GLENDALE
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)
Special
Revenue
Funds
Debt Service
Fund
Capital
Projects Funds
Total Nonmajor
Governmental
Funds

REVENUES
Revenue from other agencies 42,044$ - $ 16,376$ 58,420$ Licenses and permits 972 - 3,771 4,743 Fines and forfeitures 4,361 - - 4,361 Charges for services 28,217 - 5,695 33,912 Miscellaneous revenue 1,169 - - 1,169 Use of money and property 1,998 229 2,309 4,536 Total revenues 78,761 229 28,151 107,141

EXPENDITURES
Current:

General government 165 - - 165 Police 2,243 5 - 2,248 Fire 2,701 - - 2,701 Public works 11,925 - 1,688 13,613 Transportation 19,927 - - 19,927 Housing, health and community development 8,172 - 13 8,185 Employment programs 6,171 - - 6,171 Public service 5,429 - - 5,429 Parks, recreation and community services 1,070 - 51 1,121 Library 1,088 - 91 1,179 Debt service:

Principal retirement - Bonds
- 2,025 - 2,025 Interest - Bonds - 967 - 967 Principal retirement - Leases 693 - - 693 Interest - Leases 11 - - 11 Principal retirement - Subscription 137 - - 137 Interest - Subscription 7 - - 7 Capital outlay:

Capital outlay 14,406 - 5,594 20,000 Total expenditures 74,145 2,997 7,437 84,579 Excess (deficiency) of revenues over
(under) expenditures 4,616 (2,768) 20,714 22,562

OTHER FINANCING SOURCES (USES)
Transfers in 149 1,500 - 1,649 Lease issuance 2,026 - - 2,026 Total other financing sources (uses) 2,175 1,500 - 3,675 Net change in fund balances 6,791 (1,268) 20,714 26,237 Fund balances - beginning 98,577 11,549 165,732 275,858 Fund balances - ending 105,368$ 10,281$ 186,446$ 302,095$

120
342 of 560

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. 343 of 560

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 miscellaneous 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 homeo
wner 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. 
2210 – Parking Fund - To account for the parking revenues collected from the operations of City owned public parking lots and garages that are committed to operate City owned parking structures, public parking lots and the admini
stration of the residential preferential parking program.  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 exp
enses 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 exp
enses 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.
121
344 of 560

 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.

 2280 – Permanent Local Housing Allocation Fund – PLHA fund accounts for monies received and expended by the City under the Permanent Local Housing Allocation Program, a State of California funded program created to provide an ongoing source of funding to local governments for housing-related projects and programs that assist in addressing the unmet housing needs of their local communities.

 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 F und - To account for the various grants, donations and other funding sources received and expended by the City for the Police programs.

 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 (COPS) program.

 2650 - Fire Grant Fund - To account for grant monies received and expended 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.

122
345 of 560

Exhibit H-1
CDBG
Fund
Home
Grant Fund
Continuum of
Care Grant
Fund
Emergency
Solutions Grant
Fund
2010 2030 2040 2050
ASSETS
Pooled cash and investments - $ 714$ -$ -$
Leases receivable - - - -
Accounts receivable, net 377 568 2,381 1,041
Interest receivable - - - -
Loans receivable 96 172 - -
Prepaid items - - 57 -
Total assets 473 1,454 2,438 1,041

LIABILITIES
Accounts payable 231 9 215 277
Deposits - - - -
Due to other funds 133 - 2,214 760
Unearned revenues - - - -
Wages and benefits payable 13 8 9 5
Total liabilities 377 17 2,438 1,042

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases - - - - Unavailable revenues 394 172 2,182 587
Total deferred inflows of resources 394 172 2,182 587 Total liabilities and deferred inflows
of resources 771 189 4,620 1,629

FUND BALANCES (DEFICITS)
Nonspendable
Prepaid - -
57 -
Restricted
Air quality improvement - - - -
Cable access - - - -
Electric public benefit AB1890 - - - -
Federal and state grants - 1,265 - -
Landscaping district - - - -
Low and moderate housing - - - -
Public safety - - - -
Public works - - - -
Transportation - - - -
Urban art - - - -
Youth employment - - - -
Committed
Hazardous materials - - - -
Parking - - - -
Public safety - - - -
Unassigned (298) - (2,239) (588)
Total fund balances (deficits) (298) 1,265 (2,182) (588) Total liabilities and fund balances (deficits) 473$ 1,454$ 2,438$ 1,041$

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2023
(amounts expressed in thousands)
(Continued)

123
346 of 560

Exhibit H-1
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
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2023
(amounts expressed in thousands)
Workforce
Fund
Affordable
Housing Trust
Fund
Urban
Art Fund
Glendale Youth
Alliance Fund
2060 2090 2100 2110
1,518$ 2,445$ 9,691$ -$
- - - -
2,300 - - 255
- - - -
- - - -
- - - -
3,818 2,445 9,691 255
336 - 11 3
- - - -
- - - 156
- - - -
93 9 - 85
429 9 11 244
- - -
-
448 - - -
448 - - -
877 9 11 244
- - - -
- - - -
- - - -
- - - -
2,941 - - -
- - - -
- 2,436 - -
- - - -
- - - -
- - - -
- - 9,680 -
- - - 11
- - - -
- - - -
- - - -
- - - -
2,941 2,436 9,680 11
3,818$ 2,445$ 9,691$ 255$
(Continued)

124
347 of 560

Exhibit H-1
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
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2023
(amounts expressed in thousands)
BEGIN
Affordable
Homeownership
Fund
Low & Moderate
Income
Housing Asset
Fund
Grant
Fund
Hazardous
Disposal Fund
2120 2130 2160 2190
89$ 5,561$ -$ 3,475$
- - - -
- - 1,141 957
- - - 26
5,720 772 - -
- - - -
5,809 6,333 1,141 4,458
- 11 128 81
- - - -
- - 355 -
- - 651 622
- 14 7 51
- 25 1,141 754

- - - -
5,721 772 1,141 -
5,721 772 1,141 -
5,721 797 2,282 754
- - - -
- - - -
- - - -
- - - -
88 - - -
- - - -
- 5,536 - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - 3,704
- - - -
- - - -
- - (1,141) -
88 5,536 (1,141) 3,704
5,809$ 6,333$ 1,141$ 4,458$
(Continued)

125
348 of 560

Exhibit H-1
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
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2023
(amounts expressed in thousands)
Parking
Fund
Measure M
Local Return
Fund
Measure M
Subregional
Fund
Measure H
Fund
2210 2220 2230 2240
9,027$ 14,655 $ - $ - $ 21,865 - - - 854 285 226 - 61 - - - - - - - - - - - 31,807 14,940 226 - 1,666 88 - - - - - - - - 226 - 107 - - - 128 19 - - 1,901 107 226 - 21,396
- - - 36 - 226 - 21,432 - 226 - 23,333 107 452 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 14,833 - - - - - - - - - - - - - - 8,474 - - - - - - - - - (226) - 8,474 14,833
(226) -
31,807$ 14,940$ 226$ - $ (Continued)

126
349 of 560

Exhibit H-1
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
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2023
(amounts expressed in thousands)
2011 TABs
Housing Fund
Measure W
Fund
Permanent Local
Housing Allocation
Fund
Air Quality
Improvement
Fund
2250 2260 2280 2510
1,458$ 4,779 $ - $ 1,162$ - - - - - - 3,513 - - - - - - - - - - - - - 1,458 4,779 3,513 1,162 - 241 - 14 - - - - - - 3,513 - - - - - - 32 - - - 273 3,513 14 -
- - - - - 3,513 - - - 3,513 - - 273 7,026 14 - - - - - - - 1,148 - - - - - - - - - - - - - - - - 1,458 - - - - - - - - 4,506 - - - - - - - - - - - - - - - - - - - - - - - - - - - - (3,513) - 1,458 4,506
(3,513) 1,148
1,458$ 4,779$ 3,513$ 1,162$ (Continued)

127
350 of 560

Exhibit H-1
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
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2023
(amounts expressed in thousands)
PW Special
Grants Fund
San Fernando
Landscape
District Fund
Measure R
Local Return
Fund
Measure R
Regional
Return Fund
2520 2530 2540 2550
-$ 294 $ 15,312 $ - $ - - - - 36 1 251 2,670 - - - - - - - - - - - - 36 295 15,563 2,670 - 10 - 316 - - - - 36 - - 2,329 - - - - - - - 25 36 10 - 2,670

- - - - 36 - - 1,882 36 - - 1,882 72 10 - 4,552 - - - - - - - - - - - - - - - - - - - - - 285 - - - - - - - - - - - - - - - - 15,563 - - - - - - - - - - - - - - - - - - - - - (36) - - (1,882) (36)
285 15,563 (1,882) 36$ 295$ 15,563$ 2,670$ (Continued)

128
351 of 560

Exhibit H-1
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
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2023
(amounts expressed in thousands)
Transit Prop A
Local Return
Fund
Transit Prop C
Local Return
Fund
Transit Utility
Fund
Asset Forfeiture
Fund
2560 2570 2580 2600
13,796$ 12,339 $ - $ 3,294$ - 187 - - 235 443 - 20 - - - - - - - - - - - - 14,031 12,969 - 3,314 957 529 - - - - - - - - - - - - - - 18 13 - - 975 542 - - -
179 - - 122 49 - - 122 228 - - 1,097 770 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,314 - - - - 12,934 12,199 - - - - - - - - - - - - - - - - - - - - - - - - - - 12,934 12,199
- 3,314
14,031$ 12,969$ - $ 3,314$ (Continued)

129
352 of 560

Exhibit H-1
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
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2023
(amounts expressed in thousands)
Police Fund
Supplemental
Law
Enforcement
Fund
Fire Grant
Fund
2610 2620 2650
-$ 1,182$ -$
- - -
2,197 - 840
- - -
- - -
- - 19
2,197 1,182 859
70 - 19
114 - -
397 - 783
1,589 - -
27 19 -
2,197 19 802
- - -
2,067 - 840
2,067 - 840
4,264 19 1,642
- -
19 - - -
- - -
- - -
- - -
- - -
- - -
- 1,163 -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
(2,067) - (802)
(2,067) 1,163 (783)
2,197$ 1,182$ 859$
(Continued)

130
353 of 560

Exhibit H-1
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
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2023
(amounts expressed in thousands)
Fire Mutual
Aid Fund
Nutritional
Meals Grant
Fund Library Fund
2660 2700 2750
499$ 334$ 7,411$
- - 15
- 113 10
- - -
- - -
- - -
499 447 7,436
- 347 74
- - -
- - -
- - 6,207
- 10 40
- 357 6,321
- - 15
- - 10
- - 25
- 357 6,346
- - -

- - -
- - -
- - -
- 90 1,090
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
499 - -
- - -
499 90 1,090
499$ 447$ 7,436$
(Continued)

131
354 of 560

Exhibit H-1
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
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2023
(amounts expressed in thousands)
Cable Access
Fund
Electric Public Benefit
Fund
2800 2910
3,925$ 10,285$ 123,245$
- - 22,067
143 946 21,803
28 73 188
- - 6,760
- - 76
4,096 11,304 174,139
86 425 6,144
- - 114
- - 10,902
- - 9,176
- 22 647
86 447 26,983
- - 21,590
- - 20,198
- - 41,788
86 447 68,771
- - 76

- - 1,148
4,010 - 4,010
- 10,857 10,857
- - 5,474
- - 285
- - 9,430
- - 4,477
- - 4,506
- - 55,529
- - 9,680
- - 11
- - 3,704
- - 8,474
- - 499
- - (12,792)
4,010 10,857 105,368
4,096$ 11,304$ 174,139$
Total Nonmajor
Special
Revenue Funds

132
355 of 560

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, 2023
(amounts expressed in thousands)
CDBG
Fund
Home
Grant Fund
Continuum of
Care Grant
Fund
Emergency
Solutions Grant
Fund
2010 2030 2040 2050

REVENUES
Revenue from other agencies 1,465$ 995$ 2,873$ 996$ Licenses and permits - - - - Fines and forfeitures - - - - Charges for services - - - - Miscellaneous revenue - 165 - - Use of money and property - 27 - - Total revenues 1,465 1,187 2,873 996

EXPENDITURES
Current:

General government - - - - Police - - - - Fire - - - - Public works - - - - Transportation - - - - Housing, health and community development 763 1,656 2,480 1,042 Employment programs - - - - Public service - - - - Parks, recreation and community services - - - - Library - - - -
Debt service:

Principal retirement - Leases - - - - Interest - Leases - - - - Principal retirement - Subscription - - - - Interest - Subscription - - - - Capital outlay:

Capital outlay 391 - - - Total expenditures 1,154 1,656 2,480 1,042 Excess (deficiency) of revenues
over (under) expenditures 311 (469) 393 (46)

OTHER FINANCING SOURCES (USES)
Transfers in - - - - Lease issuance
Total other financing sources (uses) - - - - Net change in fund balances 311 (469) 393 (46) Fund balances - beginning (609) 1,734 (2,575) (542) Fund balances - ending (298)$ 1,265$ (2,182)$ (588)$ (Continued)

133
356 of 560

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, 2023
(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:

General government
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
Principal retirement - Subscription
Interest - Subscription
Capital outlay:

Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Workforce
Fund
Affordable
Housing Trust
Fund
Urban
Art Fund
Glendale Youth
Alliance Fund
2060 2090 2100 2110
4,779$ - $ -$ -$
- - 972 -
- - - -
48 27 - 2,270
- 1 - -
296 49 183 -
5,123 77 1,155 2,270
- - - -
- - - -
- - - -
- - - -
- - - -
- 186 - -
3,860 - -
2,304
- - - -
- - - -
- - 218 -
693 - - -
11 - - -
- - - -
- - - -
2,026 - - -
6,590 186 218 2,304
(1,467) (109) 937 (34)
- - - -
2,026
2,026 - - -
559 (109) 937 (34)
2,382 2,545 8,743 45
2,941$ 2,436$ 9,680$ 11$
(Continued)

134
357 of 560

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, 2023
(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:

General government
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
Principal retirement - Subscription
Interest - Subscription
Capital outlay:

Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
BEGIN Affordable
Homeownership
Fund
Low & Moderate
Income
Housing Asset
Fund
Grant
Fund
Hazardous
Disposal Fund
2120 2130 2160 2190
-$ -$ 609$ -$ - - - - - - - - - - - 1,988 18 704 - 37 1 76 6 2 19 780 615 2,027 - - 97 - - - - - - - - 1,877 - - 95 - - - - - - 1,679 366 -

- - - - - - - - - - 320 - - - - - - - - - - - - - - - - - - - - - - 2,267 - - - 3,946 878 1,877 19 (3,166) (263) 150 - - - - - - - - 19 (3,166) (263) 150 69 8,702 (878) 3,554 88$ 5,536$ (1,141)$ 3,704$ (Continued)

135
358 of 560

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, 2023
(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:

General government
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
Principal retirement - Subscription
Interest - Subscription
Capital outlay:

Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Parking
Fund
Measure M
Local Return
Fund
Measure M
Subregional Fund
Measure H
Fund
2210 2220 2230 2240
-$ 3,770$ 61 $ 7 $ - - - - 4,102 - - - 6,621 - - - (1) - - - 153 258 - - 10,875 4,028 61 7 - - - - - - - - - - - - 10,345 - 27 - - 663 - - - - - - - -
- 7
- - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,002 58 4 - 11,347 721 31 7 (472) 3,307 30 - - - - - - - - - (472) 3,307 30 - 8,946 11,526 (256) - 8,474$ 14,833$ (226)$ - $ (Continued)

136
359 of 560

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, 2023
(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:

General government
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
Principal retirement - Subscription
Interest - Subscription
Capital outlay:

Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
2011 TABs
Housing Fund
Measure W
Fund
Permanent Local
Housing
Allocation Fund
Air Quality
Improvement
Fund
2250 2260 2280 2510
-$ 3,463$ - $ 258$ - - - - - - - - - - - - - - - - 28 60 - 20 28 3,523 - 278 - - - - - - - - - - - - - 847 - - - - - 127 - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 658 3,513 - - 1,505 3,513 127 28 2,018 (3,513) 151 - - - - - - - - 28 2,018 (3,513) 151 1,430 2,488 - 997 1,458$ 4,506$ (3,513)$ 1,148$ (Continued)

137
360 of 560

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, 2023
(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:

General government
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
Principal retirement - Subscription
Interest - Subscription
Capital outlay:

Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
PW Special
Grants Fund
San Fernando
Landscape
District Fund
Measure R
Local Return
Fund
Measure R
Regional
Return Fund
2520 2530 2540 2550
-$ - $ 3,332$ 3,890 $ - - - - - - - - - 70 - - - - 2 - - 5 266 - - 75 3,600 3,890 - - - - - - - - - - - - - 56 - 555 - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,222 - 56 - 3,777 - 19 3,600 113 - - - - - - - - - 19 3,600 113 (36) 266 11,963 (1,995) (36)$ 285$ 15,563$ (1,882)$ (Continued)

138
361 of 560

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, 2023
(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:

General government
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
Principal retirement - Subscription
Interest - Subscription
Capital outlay:

Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Transit Prop A
Local Return
Fund
Transit Prop C
Local Return
Fund
Transit Utility
Fund
Asset Forfeiture
Fund
2560 2570 2580 2600
5,358$ 4,444 $ 2,710 $ - $
- - - -
- - - 259
- - 8,837 -
- - - -
224 250 - 61
5,582 4,694 11,547 320
- - - -
- - - 33
- - - -
- - - -
5,111 2,479 11,547 -
- - - -
- -
- -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - 137
- - - 7
- - - -
5,111 2,479 11,547 177
471 2,215 - 143
- - - -
- - - -
471 2,215 - 143
12,463 9,984 - 3,171
12,934$ 12,199$ -$ 3,314$
(Continued)

139
362 of 560

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, 2023
(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:

General government
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
Principal retirement - Subscription
Interest - Subscription
Capital outlay:

Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Police Fund
Supplemental
Law
Enforcement
Fund
Fire Grant
Fund
2610 2620 2650
1,061$ 503 $ 166$
- - -
- - -
136 - -
68 - -
27 22 -
1,292 525 166
- - -
1,768 442 -
- - 182
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- -
-
- - -
- - -
- - -
803 - 309
2,571 442 491
(1,279) 83 (325)
- - 30
- - 30
(1,279) 83 (295)
(788) 1,080 (488)
(2,067)$ 1,163$ (783)$
(Continued)

140
363 of 560

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, 2023
(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:

General government
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
Principal retirement - Subscription
Interest - Subscription
Capital outlay:

Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Fire Mutual
Aid Fund
Nutritional
Meals Grant Fund Library Fund
2660 2700 2750
153$ 693$ 458$
- - -
- - -
- - 27
- 30 144
20 5 47
173 728 676
- - -
- - -
642 - -
- - -
- - -
- - -
- - -
- - -
- 750 -
- - 870
- - -
-
- -
- - -
- - -
- 51 40
642 801 910
(469) (73) (234)
- 119 -
- 119 -
(469) 46 (234)
968 44 1,324
499$ 90$ 1,090$
(Continued)

141
364 of 560

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, 2023
(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:

General government
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
Principal retirement - Subscription
Interest - Subscription
Capital outlay:

Capital outlay
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Cable Access
Fund
Electric Public
Benefit Fund
2800 2910
-$ -$ 42,044$
- - 972
- - 4,361
434 7,759 28,217
- 1 1,169
(5) (83) 1,998
429 7,677 78,761
68 - 165
- - 2,243
- - 2,701
- - 11,925
- - 19,927
- - 8,172
- - 6,171
- 5,429 5,429
- - 1,070
- - 1,088
- - 693

- - 11
- - 137
- - 7
62 - 14,406
130 5,429 74,145
299 2,248 4,616
- - 149
2,026
- - 2,175
299 2,248 6,791
3,711 8,609 98,577
4,010$ 10,857$ 105,368$
Total Nonmajor
Special
Revenue Funds

142
365 of 560

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, 2023
(amounts expressed in thousands)
Original
Budget
Final
Budget Actual
Variance with
Final Budget

REVENUES
Revenue from other agencies 1,798 $ 1,798 $ 1,465 $ (333) $ Licenses and permits - - - -
Fines and forfeitures - - - -
Charges for services - - - -
Miscellaneous revenue - - - -
Use of money and property - - - -
Total revenues 1,798 1,798 1,465 (333)

EXPENDITURES
Current:

General government - - - -
Police - - - -
Fire - - - -
Public works - - - -
Transportation - - - -
Housing, health and community development 1,573 4,085 763 3,322 Employment programs - - - -
Public service - - - -
Parks, recreation and community services - - - -
Library - - - -
Total current 1,573 4,085 763 3,322

Debt service:

Principal retirement - Leases - - - -
Interest - Leases - - - -
Principal retirement - Subscription - - - -
Interest - Subscription - - - -
Total debt service - - - -
Capital outlay:

Capital outlay 226 2,264 391 1,873
Total capital outlay 226 2,264 391 1,873
Total expenditures 1,799 6,349 1,154 5,195

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Lease issuance - - - -
Total other financing sources (uses) -$ -$ -$ -$
CDBG Fund
2010
(Continued)

143
366 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
1,570$ 3,570 $ 995 $ (2,575)$ - - - - - - - - - - - - 130 130 165 35 - - 27 27 1,700 3,700 1,187 (2,513) - - - - - - - - - - - - - - - - - - - - 1,700 7,300 1,656 5,644 - - - - - -
- -
- - - - - - - - 1,700 7,300 1,656 5,644 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,700 7,300 1,656 5,644 - - - - - - - - -$ -$ -$ -$ Home Grant Fund
2030
(Continued)

144
367 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ 2,741$ 2,873 $ 132 $ - - - - - - - - - - - - - - - - - - - - - 2,741 2,873 132 - - - - - - - - - - - - - - - - - - - - - 6,304 2,480 3,824 - - - - - - - - - - - - - - - - - 6,304 2,480 3,824 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6,304 2,480 3,824 - - - - - - - - -$ -$ -$ -$ Continuum of Care Grant Fund
2040
(Continued)

145
368 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
162$ 162 $ 996 $ 834 $ - - - - - - - - - - - - - - - - - - - - 162 162 996 834 - - - - - - - - - - - - - - - - - - - - 162 1,434 1,042 392 - - - - - -
- -
- - - - - - - - 162 1,434 1,042 392 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 162 1,434 1,042 392 - - - - - - - - -$ -$ -$ -$ Emergency Solutions Grant Fund
2050
(Continued)

146
369 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
6,582$ 6,582 $ 4,779 $ (1,803) $ - - - - - - - - 520 520 48 (472) - - - - - - 296 296 7,102 7,102 5,123 (1,979) - - - - - - - - - - - - - - - - - - - - - - - - 7,102 8,531 3,860 4,671 - -
- -
- - - - - - - - 7,102 8,531 3,860 4,671 - - 693 (693) - - 11 (11) - - - - - - - - - - 704 (704) - - 2,026 (2,026) - - 2,026 (2,026) 7,102 8,531 6,590 1,941 - - - - - - 2,026 2,026 -$ -$ 2,026$ 2,026$ Workforce Fund
2060
(Continued)

147
370 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$
- - - -
- - - -
73 73 27 (46)
- - 1 1
29 29 49 20
102 102 77 (25)
- - - -
- - - -
- - - -
- - - -
- - - -
260 260 186 74
- - - -
- - - -
- - - -
- - - -
260 260 186 74
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
260 260 186 74
- - - -
- - - -
-$ -$ -$ -$
Affordable Housing Trust Fund
2090
(Continued)

148
371 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$ 562 562 972 410 - - - - - - - - - - - - 95 95 183 88 657 657 1,155 498 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,661 1,661 218 1,443 1,661 1,661 218 1,443 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,661 1,661 218 1,443 - - - - - - - - -$ -$ -$ -$ Urban Art Fund
2100
(Continued)

149
372 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$
- - - -
- - - -
3,081 3,081 2,270 (811)
- - - -
- - - -
3,081 3,081 2,270 (811)
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
3,081 3,081 2,304 777
- - - -
- - - -
- - - -
3,081 3,081 2,304 777
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
3,081 3,081 2,304 777
- - - -
- - - -
-$ -$ -$ -$
Glendale Youth Alliance Fund
2110
(Continued)

150
373 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$ - - - - - - - - - - - - 10 10 18 8 - - 1 1 10 10 19 9 - - - - - - - - - - - - - - - - - - - - 10 10 - 10 - - - - - - - - - - - - - - - - 10 10 - 10 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 10 10 - 10 - - - - - - - - -$ -$ -$ -$ BEGIN Affordable Homeownership Fund
2120
(Continued)

151
374 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$ - - - - - - - - - - - - 1,300 1,300 704 (596) 93 93 76 (17) 1,393 1,393 780 (613) - - - - - - - - - - - - - - - - - - - - 2,000 4,276 1,679 2,597 - - - - - - - - - - - - - - - - 2,000 4,276 1,679 2,597 - - - - - - - - - - - - - - - - - - - - - 5,780 2,267 3,513 - 5,780 2,267 3,513 2,000 10,056 3,946 6,110 - - - - - - - - -$ -$ -$ -$ Low & Moderate Income Housing Asset Fund
2130
(Continued)

152
375 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
690$ 3,904 $ 609 $ (3,295)$ - - - - - - - - - - - - - - - - - - 6 6 690 3,904 615 (3,289) - 525 97 428 - - - - - - - - - 1,848 95 1,753 - - - - - 2,752 366 2,386 - - - - - -
- -
327 1,356 320 1,036 - - - - 327 6,481 878 5,603 - - - - - - - - - - - - - - - - - - - - 423 2,609 - 2,609 423 2,609 - 2,609 750 9,090 878 8,212 - - - - - - - - -$ -$ -$ -$ Grant Fund
2160
(Continued)

153
376 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$ - - - - - - - - 1,818 1,818 1,988 170 - - 37 37 19 19 2 (17) 1,837 1,837 2,027 190 - - - - - - - - 2,044 2,044 1,877 167 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,044 2,044 1,877 167 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,044 2,044 1,877 167 - - - - - - - - -$ -$ -$ -$ Hazardous Disposal Fund
2190
(Continued)

154
377 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$ - - - - 3,000 3,000 4,102 1,102 6,540 6,540 6,621 81 - - (1) (1) 106 106 153 47 9,646 9,646 10,875 1,229 - - - - - - - - - - - - 12,317 12,869 10,345 2,524 - - - - - - - - - - - - - - - - - - - - - - - - 12,317 12,869 10,345 2,524 - - - - - - - - - - - - - - - - - - - - 500 4,492 1,002 3,490 500 4,492 1,002 3,490 12,817 17,361 11,347 6,014 - - - - - - - - -$ -$ -$ -$ Parking Fund
2210
(Continued)

155
378 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
3,506$ 3,506 $ 3,770 $ 264 $ - - - - - - - - - - - - - - - - 102 102 258 156 3,608 3,608 4,028 420 - - - - - - - - - - - - - - - - 1,696 5,475 663 4,812 - - - - - - - - - -
- -
- - - - - - - - 1,696 5,475 663 4,812 - - - - - - - - - - - - - - - - - - - - - 300 58 242 - 300 58 242 1,696 5,775 721 5,054 - - - - - - - - -$ -$ -$ -$ Measure M Local Return Fund
2220
(Continued)

156
379 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ 61$ 61 $ - - - - - - - - - - - - - - - - - - - - - - 61 61 - - - - - - - - - - - - - - 27 (27) - - - - - - - - - - - - - - - - - - - - - - - - - - 27 (27) - - - - - - - - - - - - -
- - -
- - - - - 6,735 4 6,731 - 6,735 4 6,731 - 6,735 31 6,704 - - - - - - - - -$ -$ -$ -$ Measure M Subregional Fund
2230
(Continued)

157
380 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
308$ 308 $ 7 $ (301)$ - - - - - - - - - - - - - - - - - - - - 308 308 7 (301) - - - - - - - - - - - - - - - - - - - - 308 547 - 547 - - 7 (7) - -
- -
- - - - - - - - 308 547 7 540 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 308 547 7 540 - - - - - - - - -$ -$ -$ -$ Measure H Fund
2240
(Continued)

158
381 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$
- - - -
- - - -
- - - -
- - - -
- - 28 28
- - 28 28
- - - -
- - - -
- - - -
- - - -
- - - -
- 1,300 - 1,300
- - - -
- - - -
- - - -
- - - -
- 1,300 - 1,300
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- 1,300 - 1,300
- - - -
- - - -
-$ -$ -$ -$
2011 TABs Housing Fund
2250
(Continued)

159
382 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
1,757$ 1,757 $ 3,463 $ 1,706 $ - - - - - - - - - - - - - - - - 12 12 60 48 1,769 1,769 3,523 1,754 - - - - - - - - - - - - 764 1,557 847 710 - - - - - - - - - - - - - -
- -
- - - - - - - - 764 1,557 847 710 - - - - - - - - - - - - - - - - - - - - 1,700 2,796 658 2,138 1,700 2,796 658 2,138 2,464 4,353 1,505 2,848 - - - - - - - - -$ -$ -$ -$ Measure W Fund
2260
(Continued)

160
383 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ 3,698$ -$ (3,698)$ - - - - - - - - - - - - - - - - - - - - - 3,698 - (3,698) - - - - - - - - - - - - - - - - - - - - - 185 - 185 - - - - - - - - - - - - - - - - - 185 - 185 - - - - - - - - - - - - - -
- -
- - - - - 3,513 3,513 - - 3,513 3,513 - - 3,698 3,513 185 - - - - - - - - -$ -$ -$ -$ Permanent Local Housing Allocation Fund
2280
(Continued)

161
384 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
268$ 268 $ 258 $ (10) $ - - - - - - - - 6 6 - (6) - - - - 9 9 20 11 283 283 278 (5) - - - - - - - - - - - - - - - - 350 350 127 223 - - - - - - - - - -
- -
- - - - - - - - 350 350 127 223 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 350 350 127 223 - - - - - - - - -$ -$ -$ -$ Air Quality Improvement Fund
2510
(Continued)

162
385 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -$ -$ -$ -$ PW Special Grants Fund
2520
(Continued)

163
386 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$ - - - - - - - - 70 70 70 - - - - - 3 3 5 2 73 73 75 2 - - - - - - - - - - - - 96 96 56 40 - - - - - - - - - - - - - - - - - - - - - - - - 96 96 56 40 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 96 96 56 40 - - - - - - - - -$ -$ -$ -$ San Fernando Landscape District Fund
2530
(Continued)

164
387 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
3,094$ 3,094 $ 3,332 $ 238 $ - - - - - - - - - - - - - - 2 2 108 108 266 158 3,202 3,202 3,600 398 - - - - - - - - - - - - - - - - 1,208 1,293 - 1,293 - - - - - - - - - -
- -
- - - - - - - - 1,208 1,293 - 1,293 - - - - - - - - - - - - - - - - - - - - 705 1,816 - 1,816 705 1,816 - 1,816 1,913 3,109 - 3,109 - - - - - - - - -$ -$ -$ -$ Measure R Local Return Fund
2540
(Continued)

165
388 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ 3,890$ 3,890 $ - - - - - - - - - - - - - - - - - - - - - - 3,890 3,890 - - - - - - - - - - - - - 4,187 555 3,632 - - - - - - - - - - - - - - - - - - - - - - - - - 4,187 555 3,632 - - - - - - - - - - - - -
- - -
- - - - - 6,999 3,222 3,777 - 6,999 3,222 3,777 - 11,186 3,777 7,409 - - - - - - - - -$ -$ -$ -$ Measure R Regional Return Fund
2550
(Continued)

166
389 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
4,973$ 4,973 $ 5,358 $ 385 $ - - - - - - - - - - - - - - - - 131 131 224 93 5,104 5,104 5,582 478 - - - - - - - - - - - - - - - - 5,852 5,852 5,111 741 - - - - - - - - - -
- -
- - - - - - - - 5,852 5,852 5,111 741 - - - - - - - - - - - - - - - - - - - - 940 1,451 - 1,451 940 1,451 - 1,451 6,792 7,303 5,111 2,192 - - - - - - - - -$ -$ -$ -$ Transit Prop A Local Return Fund
2560
(Continued)

167
390 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
4,125$ 4,125 $ 4,444 $ 319 $ - - - - - - - - - - - - - - - - 113 113 250 137 4,238 4,238 4,694 456 - - - - - - - - - - - - - - - - 3,939 4,133 2,479 1,654 - - - - - - - - - -
- -
- - - - - - - - 3,939 4,133 2,479 1,654 - - - - - - - - - - - - - - - - - - - - 1,300 1,317 - 1,317 1,300 1,317 - 1,317 5,239 5,450 2,479 2,971 - - - - - - - - -$ -$ -$ -$ Transit Prop C Local Return Fund
2570
(Continued)

168
391 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
3,803$ 3,803 $ 2,710 $ (1,093) $ - - - - - - - - 10,229 10,229 8,837 (1,392) - - - - - - - - 14,032 14,032 11,547 (2,485) - - - - - - - - - - - - - - - - 14,032 14,032 11,547 2,485 - - - - - - - - - -
- -
- - - - - - - - 14,032 14,032 11,547 2,485 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 14,032 14,032 11,547 2,485 - - - - - - - - -$ -$ -$ -$ Transit Utility Fund
2580
(Continued)

169
392 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$ - - - - - - 259 259 - - - - - - - - - - 61 61 - - 320 320 - - - - 887 887 33 854 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 887 887 33 854 - - - - - - - - - - 137 (137) - - 7 (7) - - 144 (144) 460 494 - 494 460 494 - 494 1,347 1,381 177 1,204 - - - - - - - - -$ -$ -$ -$ Asset Forfeiture Fund
2600
(Continued)

170
393 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
928$ 3,566 $ 1,061 $ (2,505) $ - - - - - - - - 125 125 136 11 100 191 68 (123) - - 27 27 1,153 3,882 1,292 (2,590) - - - - 1,153 4,763 1,768 2,995 - - - - - - - - - - - - - - - - - - - - - -
- -
- - - - - - - - 1,153 4,763 1,768 2,995 - - - - - - - - - - - - - - - - - - - - - 1,085 803 282 - 1,085 803 282 1,153 5,848 2,571 3,277 - - - - - - - - -$ -$ -$ -$ Police Fund
2610
(Continued)

171
394 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
528$ 528 $ 503 $ (25) $ - - - - - - - - - - - - - - - - - - 22 22 528 528 525 (3) - - - - 420 420 442 (22) - - - - - - - - - - - - - - - - - - - - - -
- -
- - - - - - - - 420 420 442 (22) - - - - - - - - - - - - - - - - - - - - - - - - - - - - 420 420 442 (22) - - - - - - - - -$ -$ -$ -$ Supplemental Law Enforcement Fund
2620
(Continued)

172
395 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ 621$ 166$ (455)$
- - - -
- - - -
- - - -
- - - -
- - - -
- 621 166 (455)
- - - -
- - - -
- 699 182 517
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- 699 182 517
- - - -
- - - -
- - - -
-
- - -
- - - -
- 423 309 114
- 423 309 114
- 1,122 491 631
- 30 30 -
- - - -
-$ 30.00$ 30.00$ -$
Fire Grant Fund
2650
(Continued)

173
396 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
1,200$ 1,200 $ 153 $ (1,047)$ - - - - - - - - - - - - - - - - - - 20 20 1,200 1,200 173 (1,027) - - - - - - - - 1,200 1,200 642 558 - - - - - - - - - - - - - - - - - -
- -
- - - - - - - - 1,200 1,200 642 558 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,200 1,200 642 558 - - - - - - - - -$ -$ -$ -$ Fire Mutual Aid Fund
2660
(Continued)

174
397 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
351$ 978 $ 693 $ (285) $ - - - - - - - - - - - - 41 41 30 (11) - - 5 5 392 1,019 728 (291) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- -
477 904 750 154 - - - - 477 904 750 154 - - - - - - - - - - - - - - - - - - - - - 234 51 183 - 234 51 183 477 1,138 801 337 85 119 119 - - - - - 85$ 119$ 119$ -$ Nutritional Meals Grant Fund
2700
(Continued)

175
398 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
32$ 12,504$ 458$ (12,046)$
- - - -
- - - -
39 39 27 (12)
- - 144 144
7 7 47 40
78 12,550 676 (11,874)
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - -
-
- - - -
401 7,333 870 6,463
401 7,333 870 6,463
- - - -
- - - -
- - - -
- - - -
- - - -
- 5,738 40 5,698
- 5,738 40 5,698
401 13,071 910 12,161
- - - -
- - - -
-$ -$ -$ -$
Library Fund
2750
(Continued)

176
399 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$
- - - -
- - - -
450 450 434 (16)
- - - -
45 45 (5) (50)
495 495 429 (66)
92 92 68 24
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
92 92 68 24
- - - -
- - - -
- - - -
- - -
-
- - - -
50 333 62 271
50 333 62 271
142 425 130 295
- - - -
- - - -
-$ -$ -$ -$
Cable Access Fund
2800
(Continued)

177
400 of 560

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, 2023
(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:

General government
Police
Fire
Public works
Transportation
Housing, health and community development
Employment programs
Public service
Parks, recreation and community services
Library
Total current
Debt service:

Principal retirement - Leases
Interest - Leases
Principal retirement - Subscription
Interest - Subscription
Total debt service
Capital outlay:

Capital outlay
Total capital outlay
Total expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Lease issuance
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ -$ -$ -$
- - - -
- - - -
6,800 6,800 7,759 959
- - 1 1
97 97 (83) (180)
6,897 6,897 7,677 780
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
7,535 7,557 5,429 2,128
- - - -
- - - -
7,535 7,557 5,429 2,128
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
7,535 7,557 5,429 2,128
- - - -
- - - -
-$ -$ -$ -$
Electric Public Benefit Fund
2910

178
401 of 560

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. 402 of 560

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.
179
403 of 560

This page is left blank intentionally.

180
404 of 560

Exhibit I-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Debt Service Funds
June 30, 2023
(amounts expressed in thousands)
Police Building 2019
Lease Revenue
Refunding Bonds Fund
3031
ASSETS
Pooled cash and investments 10,281$
Total assets 10,281

LIABILITIES
Total Liabilities -

FUND BALANCES (DEFICITS)
Committed
Debt service 10,281
Total liabilities and fund balances (deficits) 10,281$

181
405 of 560

Exhibit I-2

CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Debt Service Funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)
Police Building 2019
Lease Revenue
Refunding Bonds Fund
3031

REVENUES
Use of money and property 229 $
Total revenues 229

EXPENDITURES
Current:

Police 5
Debt service:

Principal retirement 2,025
Interest 967
Total expenditures 2,997
Excess (deficiency) of revenues over expenditures (2,768)

OTHER FINANCING SOURCES (USES)
Transfers in 1,500
Total other financing sources (uses) 1,500
Net change in fund balances (1,268)
Fund balances - beginning 11,549
Fund balances - ending 10,281 $

182
406 of 560

Exhibit I-3

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, 2023
(amounts expressed in thousands)
Original
Budget
Final
Budget Actual
Variance with
Final Budget

REVENUES
Use of money and property 141 $ 141 $ 229 $ 88 $ Total revenues 141 141 229 88

EXPENDITURES
Current:

Police 5 5 5 - Debt service:

Principal retirement 2,025 2,025 2,025 - Interest 967 967 967 - Total expenditures 2,997 2,997 2,997 -

OTHER FINANCING SOURCES (USES)
Transfers in 1,500 1,500 1,500 - Total other financing sources (uses) 1,500 $ 1,500 $ 1,500 $ - $ 3031
Police Building 2019 Lease Revenue Refunding Bonds Fund

183
407 of 560

This page is left blank intentionally.

184
408 of 560

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. 409 of 560

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 account for monies reserved for the post-closure maintenance cost of Scholl Canyon landfill.
 4050 - Parks Mitigation Fee Fund - To account for the parks 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 a
lso be used to guarantee adequate interest accumulation and disbursements of unused funds. 
4090 - CIP Reimbursement Fund - To account for monies received and expended for CIP projects that are funded by non-City money, such as grants and joint ventures.

4100 - SF Corridor Tax Share Fund - County 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 Proje
ct 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 Fund – 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 prog
ramming.
185
410 of 560

This page is left blank intentionally.

186
411 of 560

Exhibit J-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Capital Projects Funds
June 30, 2023
(amounts expressed in thousands)
State Gas Tax
Fund
Landfill
Postclosure
Fund
Parks Mitigation
Fee Fund
Library Mitigation
Fee Fund
4020 4030 4050 4070
ASSETS
Pooled cash and investments 21,052$ -$ 30,661$ 1,117$ Restricted cash and investments - 59,504 - -
Accounts receivable, net 765 - 9 1
Interest receivable 146 - 223 8
Total assets 21,963 59,504 30,893 1,126

LIABILITIES
Accounts payable 412 - 225 19
Due to other funds - - - -
Unearned revenues - - - -
Wages and benefits payable 30 - 5 -
Total liabilities 442 - 230 19

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - - -
Total liabilities and deferred inflows of
resources 442 - 230 19

FUND BALANCES (DEFICITS)
Restricted
Capital projects - - - -
Impact fee funded projects - - 30,663 1,107
Landfill postclosure - 59,504 - -
State gas tax mandates 21,521 - - -
Committed
Capital projects - - - -

Unassigned - - - -
Total fund balances (deficits) 21,521 59,504 30,663 1,107 Total liabilities, deferred inflow of resources
and fund balances (deficits) 21,963$ 59,504$ 30,893$ 1,126$ (Continued)

187
412 of 560

Exhibit J-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Capital Projects Funds
June 30, 2023
(amounts expressed in thousands)
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)
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)
Parks Quimby
Fee Fund
CIP
Reimbursement
Fund
SF Corridor Tax
Share Fund
Housing
Development
Impact Fee
4080 4090 4100 4110
546$ 8,517$ 73,038$ 263$
- - - -
- 2,134 - -
4 - - 2
550 10,651 73,038 265
- 194 - -
- - - -
- 10,454 - -
- 1 - -
- 10,649 - -
- 1,924 - -
- 12,573 - -
- - 73,038 -
550 - - 265
-
- - -
- - - -
- - - -
- (1,922) - -
550 (1,922) 73,038 265
550$ 10,651$ 73,038$ 265$
(Continued)

188
413 of 560

Exhibit J-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Capital Projects Funds
June 30, 2023
(amounts expressed in thousands)
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)
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)
2011 TABs
Project Fund Measure A Fund
4120 4130
2,194$ -$ 137,388$
- - 59,504
- 474 3,383
- - 383
2,194 474 200,658
- - 850
- 473 473
- - 10,454
- 1 37
- 474 11,814
- 474 2,398
- 948 14,212
- - 73,038
- - 32,585
- - 59,504
- - 21,521
2,194 - 2,194
- (474) (2,396)
2,194 (474) 186,446
2,194$ 474$ 200,658$

Total
Nonmajor Capital
Projects

189
414 of 560

Exhibit J-2

CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Capital projects funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)
State Gas Tax
Fund
Landfill
Postclosure
Fund
Parks Mitigation
Fee Fund
Library
Mitigation
Fee Fund
4020 4030 4050 4070

REVENUES
Revenue from other agencies 9,261 $ -$ -$ - $ Licenses and permits - - 3,431 340
Charges for services - 5,678 - -
Use of money and property (173) 1,063 (89) 16
Total revenues 9,088 6,741 3,342 356

EXPENDITURES
Current:

Public works 1,658 - - -
Housing, health and community development - - - -
Parks, recreation and community services - - 50 -
Library - - - 91
Capital outlay 3,046 - 271 421
Total expenditures 4,704 - 321 512
Excess (deficiency) of revenues over
(under) expenditures 4,384 6,741 3,021 (156)
Net change in fund balances 4,384 6,741 3,021 (156)
Fund balances - beginning 17,137 52,763 27,642 1,263 Fund balances - ending 21,521$ 59,504$ 30,663$ 1,107$ (Continued)

190
415 of 560

Exhibit J-2

CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Capital projects funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)

REVENUES
Revenue from other agencies
Licenses and permits
Charges for services
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
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Parks Quimby
Fee Fund
CIP
Reimbursement
Fund
SF Corridor Tax
Share Fund
Housing
Development
Impact Fee
4080 4090 4100 4110
-$ 546$ 6,569$ - $
- - - -
- - - 17
1 158 1,301 (10)
1 704 7,870 7
- 30 - -
- 13 - -
1 - - -
- - - -
- 1,382 - -
1 1,425 - -
- (721) 7,870 7
- (721) 7,870 7
550 (1,201) 65,168 258
550$ (1,922)$ 73,038$
265$
(Continued)

191
416 of 560

Exhibit J-2

CITY OF GLENDALE
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Capital projects funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)

REVENUES
Revenue from other agencies
Licenses and permits
Charges for services
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
Net change in fund balances
Fund balances - beginning
Fund balances - ending
2011 TABs
Project Fund
Measure A
Fund
4120 4130
-$ -$ 16,376$
- - 3,771
- - 5,695
42 - 2,309
42 - 28,151
- - 1,688
- - 13
- - 51
- - 91
- 474 5,594
- 474 7,437
42 (474) 20,714
42 (474) 20,714
2,152 - 165,732
2,194$ (474)$ 186,446$
Total
Nonmajor
Capital Projects

192
417 of 560

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.
418 of 560

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-owned 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. 193
419 of 560

This page is left blank intentionally.

194
420 of 560

Exhibit K-1

CITY OF GLENDALE
Combining Statement of Net Position
Nonmajor Enterprise Funds
June 30, 2023
(amounts expressed in thousands)
Refuse
Disposal Fund
Fiber Optic
Fund
Fire
Communication
Fund
5300 5400 5800
ASSETS
Current assets:

Pooled cash and investments 16,968 $ 381 $ 7,035 $ 24,384 $ Accounts receivable, net 2,665 19 - 2,684 Interest receivable 123 2 51 176 Total current assets 19,756 402 7,086 27,244 Noncurrent assets:

PPP receivable 124 - - 124 Capital assets, net 13,314 - 2,076 15,390 Capital assets, not being depreciated 1,639 - - 1,639 Total noncurrent assets 15,077 - 2,076 17,153 Total assets 34,833 402 9,162 44,397

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources related to OPEB 15 - 6 21 Deferred outflows of resources related to pensions 4,540 - 2,090 6,630 Total assets and deferred outflows of
resources 39,388 402 11,258 51,048

LIABILITIES
Current liabilities:

Accounts payable 1,512 - 67 1,579 Deposits 94 - - 94 Subscriptions payable - - 18 18 Wages and benefits payable 307 3 139 449 Total current liabilities 1,913 3 224 2,140 Noncurrent liabilities:

OPEB liability
397 - 162 559 Net pension liability 16,070 - 4,450 20,520 Total noncurrent liabilities 16,467 - 4,612 21,079 Total liabilities 18,380 3 4,836 23,219

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to OPEB 62 - 28 90 Deferred inflows of resources related to pensions 573 - 287 860 Deferred inflows of resources related to PPP 122 - - 122 Total liabilities and deferred inflows of
resources 19,137 3 5,151 24,291

NET POSITION
Net investment in capital assets 14,549 - 2,058 16,607 Unrestricted 5,702 399 4,049 10,150 Total net position 20,251$ 399$ 6,107$ 26,757$ Total Nonmajor
Enterprise
Funds

195
421 of 560

Exhibit K-2

CITY OF GLENDALE
Combining Statement of Revenues,
Expenses, and Changes in Net Position
Nonmajor Enterprise funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)
Refuse
Disposal
Fund
Fiber Optic
Fund
Fire
Communication
Fund
5300 5400 5800

OPERATING REVENUES
Charges for services 12,122 $ 231 $ 5,470 $ 17,823 $ Miscellaneous revenue 147 - - 147 Total operating revenues 12,269 231 5,470 17,970

OPERATING EXPENSES
Salaries and benefits 8,126 104 3,780 12,010 Maintenance and operation 13,479 40 2,148 15,667 Total operating expenses 21,605 144 5,928 27,677 Operating income (loss) (9,336) 87 (458) (9,707)

NONOPERATING REVENUES (EXPENSES)
Intergovernmental grants 50 - - 50 Use of money and property 474 (3) (9) 462 Total nonoperating revenues (expenses) 524 (3) (9) 512 Change in net position (8,812) 84 (467) (9,195) Total net position - beginning 29,063 315 6,574 35,952 Total net position - ending 20,251 $ 399 $ 6,107 $ 26,757 $ Total
Nonmajor
Enterprise
Funds

196
422 of 560

Exhibit K-3

CITY OF GLENDALE
Statement of Cash Flows
Nonmajor Enterprise Funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)
Refuse
Disposal
Fund
Fiber Optic
Fund
Fire
Communication
Fund
5300 5400 5800

CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers 16,059 $ 231 $ 5,469 $ 21,759 $ Payments to employees (8,067) (106) (3,655) (11,828) Payments to suppliers (11,512) (37) (1,391) (12,940) Intergovernmental grants received 50 - - 50 Net cash provided (used) by operating activities (3,470) 88 423 (2,959)

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Lease and PPP revenue received 1 - - 1 Net cash provided (used) by noncapital financing activities 1 - - 1

CASH FLOWS FROM CAPITAL AND RELATED FINANCING

ACTIVITIES
Acquisition of capital assets (4,506) - (18) (4,524) Proceeds from sales of capital assets 116 - - 116 Net cash provided (used) by capital and related financing activities (4,390) - (18) (4,408)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 353 (4) (25) 324 Net cash provided (used) by investing activities 353 (4) (25) 324 Net increase (decrease) in cash and cash equivalents (7,506) 84 380 (7,042) Balances - beginning of year 24,474 297 6,655 31,426 Balances - end of the year 16,968 381 7,035 24,384 Reconciliation of operating income (loss) to net cash provided (used) by operating activities:

Operating Income (loss) (9,336) 87 (458) (9,707) Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities:

Depreciation
1,915 - 526 2,441 Amortization - - 118 118 Intergovernmental grants received 50 - - 50 (Increase) Decrease Accounts receivable, net 3,933 - - 3,933 (Increase) Decrease Deferred outflows from OPEB (15) - (6) (21) (Increase) Decrease Deferred outflows from pension (2,728) - (1,452) (4,180) Increase (Decrease) Accrued wages payable 39 1 20 60 Increase (Decrease) Accounts payable (460) - (10) (470) Increase (Decrease) Deposits (14) - - (14) Increase (Decrease) OPEB liability 398 - 161 559 Increase (Decrease) Deferred inflows from OPEB 62 - 28 90 Increase (Decrease) Deferred inflows from pension (3,503) - (1,798) (5,301) Increase (Decrease) Deferred inflows from PPP 122 - - 122 Increase (Decrease) Net pension liability 6,067 - 3,294 9,361 Net cash provided (used) by operating activities (3,470)$ 88$ 423$ (2,959)$ Total
Nonmajor
Enterprise
Funds

197
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198
424 of 560

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.
425 of 560

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 technological 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 ITD 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 account for unemployment claims. Resources are derived from unemployment insurance charges to various City operations. Unemployment claims are reimbursed to the Sta
te Employment Department which disburses the unemployment claims. 
6120 - Liability Insurance Fund - To account for financing 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 account 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 the 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 the 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 Fund - To account for the resources and the liability for employees’ sick leave conversion under RHSP plan.
 6420 - Post Employment Benefits Fund - To account for the 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.
199
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200
427 of 560

Exhibit L-1

CITY OF GLENDALE
Combining Statement of Net Position
Internal Service Funds
June 30, 2023
(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 8,241 $ 5,754 $ 5,016 $ 2,234 $ Accounts receivable, net 30 297 - -
Interest receivable 1 41 31 19
Inventories 818 - - -
Prepaid items 2,506 - - -
Total current assets 11,596 6,092 5,047 2,253 Noncurrent assets:

Capital assets, net 15,630 989 6,039 8,536 Capital assets, not being depreciated - - - -
Total noncurrent assets 15,630 989 6,039 8,536 Total assets 27,226 7,081 11,086 10,789

LIABILITIES
Current liabilities:

Accounts payable 751 38 1,266 201
Claims payable - - - -
Compensated absences - - - -
Leases payable - - - -
Subscriptions payable - - 1,290 965
Wages and benefits payable 187 7 149 130
Total current liabilities 938 45 2,705 1,296
Noncurrent liabilities:

Claims payable -
- - -
Compensated absences - - - -
Leases payable - - - -
Subscriptions payable - - 1,120 1,247
Total noncurrent liabilities - - 1,120 1,247
Total liabilities 938 45 3,825 2,543

NET POSITION
Net investment in capital assets 15,468 989 3,091 6,324 Unrestricted 10,820 6,047 4,170 1,922
Total net position 26,288$ 7,036$ 7,261$ 8,246$ (Continued)

201
428 of 560

Exhibit L-1

CITY OF GLENDALE
Combining Statement of Net Position
Internal Service Funds
June 30, 2023
(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
Total noncurrent assets
Total assets

LIABILITIES
Current liabilities:

Accounts payable
Claims payable
Compensated absences
Leases payable
Subscriptions payable
Wages and benefits payable
Total current liabilities
Noncurrent liabilities:

Claims payable
Compensated absences
Leases payable
Subscriptions 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
2,840$ 324 $ 14,530 $ 55,510 $ - 15 404 911 17 2 100 403 - - - - - - - - 2,857 341 15,034 56,824 28 - - 9 - - - - 28 - - 9 2,885 341 15,034 56,833 436 24 148 32 - - 6,797 8,917 - - - - - - -
-
- - - - 129 - 15 387 565 24 6,960 9,336 - - 7,714 59,592 - - - - - - - - - - - - - - 7,714 59,592 565 24 14,674 68,928 28 - - 9 2,292 317 360 (12,104) 2,320$ 317$ 360$ (12,095)$ (Continued)

202
429 of 560

Exhibit L-1

CITY OF GLENDALE
Combining Statement of Net Position
Internal Service Funds
June 30, 2023
(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
Total noncurrent assets
Total assets

LIABILITIES
Current liabilities:

Accounts payable
Claims payable
Compensated absences
Leases payable
Subscriptions payable
Wages and benefits payable
Total current liabilities
Noncurrent liabilities:

Claims payable
Compensated absences
Leases payable
Subscriptions 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
354$ 4,492 $ 304 $ 16,908 $ 39 1,018 8 105 3 33 2 122 - - - - - 503 - - 396 6,046 314 17,135 - - - - - - - - - - - - 396 6,046 314 17,135 86 1,037 12 - - 679 - - - - - 2,029 - - - - -
- - -
- - - 25 86 1,716 12 2,054 - - - - - - - 17,046 - - - - - - - - - - - 17,046 86 1,716 12 19,100 - - - - 310 4,330 302 (1,965) 310$ 4,330$ 302$ (1,965)$ (Continued)

203
430 of 560

Exhibit L-1

CITY OF GLENDALE
Combining Statement of Net Position
Internal Service Funds
June 30, 2023
(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
Total noncurrent assets
Total assets

LIABILITIES
Current liabilities:

Accounts payable
Claims payable
Compensated absences
Leases payable
Subscriptions payable
Wages and benefits payable
Total current liabilities
Noncurrent liabilities:

Claims payable
Compensated absences
Leases payable
Subscriptions 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
15,170$ 183 $ 3,764 $ 135,624 $ 40 31 - 2,898
113 1 26 914
- - - 818
- - - 3,009
15,323 215 3,790 143,263
- - 5,890 37,121
- - 242 242
- - 6,132 37,363
15,323 215 9,922 180,626
- 61 79 4,171
- - - 16,393
1,103 - - 3,132
- - 44 44
-
- - 2,255
- - 37 1,066
1,103 61 160 27,061
- - - 67,306
12,248 - - 29,294
- - 513 513
- - - 2,367
12,248 - 513 99,480
13,351 61 673 126,541
- - 5,576 31,485
1,972 154 3,673 22,600
1,972$ 154$ 9,249$ 54,085$ Total Internal
Service Funds
204
431 of 560

Exhibit L-2

CITY OF GLENDALE
Combining Statement of Revenues,
Expenses, and Changes in Net Position
Internal Service Funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)
Fleet
Management
Fund
Joint Air
Support Fund
ITD
Infrastructure
Fund
ITD
Applications
Fund
6010 6020 6030 6040

OPERATING REVENUE
S
Charges for services 13,993$ 1,410$ 14,327$ 7,806$ Miscellaneous revenue 8 - - 7
Total operating revenues 14,001 1,410 14,327 7,813

OPERATING EXPENSES
Salaries and benefits 4,901 168 3,813 3,003 Claims and settlement - - - -
Maintenance and operation 9,681 809 7,857 7,929 Total operating expenses 14,582 977 11,670 10,932 Operating income (loss) (581) 433 2,657 (3,119)

NONOPERATING REVENUES (EXPENSES)
Intergovernmental grants 3 - - -
Use of money and property 186 (12) (99) 119 Interest expense - - (73) (57)
Total nonoperating revenues (expenses) 189 (12) (172) 62 Income (loss) before contributions and
transfers (392) 421 2,485 (3,057)
Transfers in 7,800 - 110 -
Capital grants and contributions (expenses) - - - -
Transfers out - - - -
Change in net position 7,408 421 2,595 (3,057) Total net position - beginning 18,880 6,615 4,666 11,303 Total net position - ending 26,288$ 7,036$ 7,261$ 8,246$ (Continued)
205
432 of 560

Exhibit L-2

CITY OF GLENDALE
Combining Statement of Revenues,
Expenses, and Changes in Net Position
Internal Service Funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)

OPERATING REVENUE
S
Charges for services
Miscellaneous revenue
Total operating revenues

OPERATING EXPENSES
Salaries and benefits
Claims and settlement
Maintenance and operation
Total operating expenses
Operating income (loss)

NONOPERATING REVENUES (EXPENSES
)
Intergovernmental grants
Use of money and property
Interest expense
Total nonoperating revenues (expenses)
Income (loss) before contributions and
transfers
Transfers in
Capital grants and contributions (expenses)
Transfers out
Change in net position
Total net position - beginning
Total net position - ending
Building
Maintenance
Fund
Unemployment
Insurance Fund
Liability
Insurance
Fund
Compensation
Insurance
Fund
6070 6100 6120 6140
8,732$ 363 $ 10,446$ 20,485 $ - - 5 7 8,732 363 10,451 20,492 3,553 - 321 3,141 - 112 13,080 17,734 5,122 1 1,729 1,740 8,675 113 15,130 22,615 57 250 (4,679) (2,123) 459 - - - 6 (10) 257 (127) - - - - 465 (10) 257 (127) 522 240 (4,422) (2,250) - - 3,000 - - - (9) 9 - - - - 522 240 (1,431)
(2,241)
1,798 77 1,791 (9,854) 2,320$ 317$ 360$ (12,095)$ (Continued)

206
433 of 560

Exhibit L-2

CITY OF GLENDALE
Combining Statement of Revenues,
Expenses, and Changes in Net Position
Internal Service Funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)

OPERATING REVENUE
S
Charges for services
Miscellaneous revenue
Total operating revenues

OPERATING EXPENSES
Salaries and benefits
Claims and settlement
Maintenance and operation
Total operating expenses
Operating income (loss)

NONOPERATING REVENUES (EXPENSES
)
Intergovernmental grants
Use of money and property
Interest expense
Total nonoperating revenues (expenses)
Income (loss) before contributions and
transfers
Transfers in
Capital grants and contributions (expenses)
Transfers out
Change in net position
Total net position - beginning
Total net position - ending
Dental
Insurance
Fund
Medical
Insurance
Fund
Vision
Insurance
Fund
Employee
Benefits Fund
6150 6160 6170 6400
1,229$ 26,696 $ 200 $ 5,416 $ - 48 - - 1,229 26,744 200 5,416 - - - - 1,243 20,037 168 5,660 62 1,331 12 9
1,305 21,368 180 5,669
(76) 5,376 20 (253) - - - - 6 (146) - 33 - - - - 6 (146) - 33 (70) 5,230 20 (220) - - - - - - - - - - - - (70) 5,230 20
(220)
380 (900) 282 (1,745) 310$ 4,330$ 302$ (1,965)$ (Continued)

207
434 of 560

Exhibit L-2

CITY OF GLENDALE
Combining Statement of Revenues,
Expenses, and Changes in Net Position
Internal Service Funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)

OPERATING REVENUE
S
Charges for services
Miscellaneous revenue
Total operating revenues

OPERATING EXPENSES
Salaries and benefits
Claims and settlement
Maintenance and operation
Total operating expenses
Operating income (loss)

NONOPERATING REVENUES (EXPENSES
)
Intergovernmental grants
Use of money and property
Interest expense
Total nonoperating revenues (expenses)
Income (loss) before contributions and
transfers
Transfers in
Capital grants and contributions (expenses)
Transfers out
Change in net position
Total net position - beginning
Total net position - ending
Retiree
Health
Savings Plan
(RHSP)
Benefits Fund
Post
Employment
Benefits Fund
Wireless
Fund
6410 6420 6600
1,019$ 802$ 4,801$ 117,725$ - 1 22 98 1,019 803 4,823 117,823 - - 968 19,868 1,193 703 - 59,930 6 8 3,709 40,005 1,199 711 4,677 119,803 (180) 92 146 (1,980) - - - 462 149 (2) (23) 337 - - (7) (137) 149 (2) (30) 662 (31) 90 116 (1,318) - - - 10,910 - - - - (3,000) - - (3,000) (3,031) 90 116
6,592
5,003 64 9,133 47,493 1,972$ 154$ 9,249$ 54,085$ Total Internal
Service
Funds

208
435 of 560

Exhibit L-3

CITY OF GLENDALE
Statement of Cash Flows
Internal service funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)
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 14,101$ 1,254$ 14,327$ 7,822$ Payments to employees (5,036) (173) (3,926) (3,075) Payments to suppliers (7,189) (781) (5,369) (6,499) Intergovernmental grants received 3 - - -
Net cash provided (used) by operating activities 1,879 300 5,032 (1,752)

CASH FLOWS FROM NONCAPITAL FINANCING

ACTIVITIES
Lease and PPP revenue received - - - -
Amounts received from (paid to) other funds (55) - - - Transfers in (out), net 7,800 - 110 -
Net cash provided (used) by noncapital financing
activities 7,745 - 110 -

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Acquisition of capital assets (1,569) - (1,757) (1,435) Proceeds from sales of capital assets 185 - - -
Net cash provided (used) by capital and related
financing activities (1,384) - (1,757) (1,435)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 1 (26) (122) 127
Net cash provided (used) by investing activities 1 (26) (122) 127 Net increase (decrease) in cash and cash equivalents 8,241 274 3,263 (3,060) Balances - beginning of year - 5,480 1,753 5,294
Balances - end of the year 8,241 5,754
5,016 2,234
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities:

Operating Income (loss) (581) 433 2,657 (3,119)
Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities:

Depreciation 3,245 103 1,647 1,380
Amortization - - 44 633
Intergovernmental grants received 3 - - -
(Increase) Decrease Accounts receivable, net 100 (157) - 10 (Increase) Decrease Inventories (211) - - -
(Increase) Decrease Prepaid expenses (1,010) - - - Increase (Decrease) Accrued wages payable 24 1 20 34 Increase (Decrease) Compensated absences - - - -
Increase (Decrease) Accounts payable 309 (80) 664 (690) Increase (Decrease) Claims payable - - - -
Net cash provided (used) by operating activities 1,879$ 300$ 5,032$ (1,752)$ (Continued)
209
436 of 560

Exhibit L-3

CITY OF GLENDALE
Statement of Cash Flows
Internal service funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)

CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers
Payments to employees
Payments to suppliers
Intergovernmental grants received
Net cash provided (used) by operating activities

CASH FLOWS FROM NONCAPITAL FINANCING

ACTIVITIES
Lease and PPP revenue received
Amounts received from (paid to) other funds
Transfers in (out), net
Net cash provided (used) by noncapital financing
activities

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Acquisition of capital assets
Proceeds from sales of capital assets
Net cash provided (used) by capital and related
financing activities

CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
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 (loss)
Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities:

Depreciation
Amortization
Intergovernmental grants received
(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
Building
Maintenance
Fund
Unemployment
Insurance Fund
Liability
Insurance
Fund
Compensation
Insurance Fund
6070 6100 6120 6140
8,731$ 361 $ 10,348 $ 20,261 $ (3,663) - (331) (3,073) (4,995) (106) (17,930) (12,670) 459 - - - 532 255 (7,913) 4,518 - - - - - - - - - - 3,000 - - - 3,000 - - - - - - - - - - - -
-
3 (12) 254 (271) 3 (12) 254 (271) 535 243 (4,659) 4,247 2,305 81 19,189 51,263 2,840 324 14,530 55,510 57 250 (4,679) (2,123) 5 - 3 - - - - - 459 - - -
- (3) (102) (225) - - - - - - - - 3 - 4 97 - - - - 8 8 (24) 28 - - (3,115) 6,741 532$ 255$ (7,913)$ 4,518$ (Continued)

210
437 of 560

Exhibit L-3

CITY OF GLENDALE
Statement of Cash Flows
Internal service funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)

CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers
Payments to employees
Payments to suppliers
Intergovernmental grants received
Net cash provided (used) by operating activities

CASH FLOWS FROM NONCAPITAL FINANCING

ACTIVITIES
Lease and PPP revenue received
Amounts received from (paid to) other funds
Transfers in (out), net
Net cash provided (used) by noncapital financing
activities

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Acquisition of capital assets
Proceeds from sales of capital assets
Net cash provided (used) by capital and related
financing activities

CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
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 (loss)
Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities:

Depreciation
Amortization
Intergovernmental grants received
(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
Dental
Insurance
Fund
Medical
Insurance
Fund
Vision
Insurance
Fund
Employee
Benefits Fund
6150 6160 6170 6400
1,190$ 25,725 $ 193 $ 5,364 $ - - - (5,393) (1,407) (22,523) (183) (10) - - - - (217) 3,202 10 (39) - - - - - - - - - - - - - - - - - - - - - - - - - -
- -
5 (171) (1) (2) 5 (171) (1) (2) (212) 3,031 9 (41) 566 1,461 295 16,949 354 4,492 304 16,908 (76) 5,376 20 (253) - - - - - - - - - - - - (39) (1,018) (7) (53) - - - - - - - - - - - (37) - - - 304 (102) (1,128) (3) - - (28) - - (217)$ 3,202$ 10$ (39)$ (Continued)

211
438 of 560

Exhibit L-3

CITY OF GLENDALE
Statement of Cash Flows
Internal service funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)

CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers
Payments to employees
Payments to suppliers
Intergovernmental grants received
Net cash provided (used) by operating activities

CASH FLOWS FROM NONCAPITAL FINANCING

ACTIVITIES
Lease and PPP revenue received
Amounts received from (paid to) other funds
Transfers in (out), net
Net cash provided (used) by noncapital financing
activities

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Acquisition of capital assets
Proceeds from sales of capital assets
Net cash provided (used) by capital and related
financing activities

CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
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 (loss)
Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities:

Depreciation
Amortization
Intergovernmental grants received
(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
Retiree Health
Savings Plan
(RHSP) Benefits
Fund
Post
Employment
Benefits Fund Wireless Fund
6410 6420 6600
1,006$ 797 $ 4,823 $ 116,303 $ - - (1,008) (25,678) (1,084) (673) (1,866) (83,285) - - - 462 (78) 124 1,949 7,802 - - 41 41 - - - (55) (3,000) - - 7,910 (3,000) - 41 7,896 - - (853) (5,614) - - - 185 - - (853) (5,429) 128
(3) (79) (169)
128 (3) (79) (169) (2,950) 121 1,058 10,100 18,120 62 2,706 125,524 15,170 183 3,764 135,624 (180) 92 146 (1,980) - - 1,839 8,222 - - - 677 - - - 462 (14) (4) - (1,512) - - - (211) - - - (1,010) - - (9) 137 - - - 304 116 36 (27) (885) - - - 3,598 (78)$ 124$ 1,949$ 7,802$ Total Internal
Service Funds

212
439 of 560

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. 440 of 560

CUSTODIAL FUNDS
 7020 & 8020- ICI System Fund - To account for monies received 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. 
7040 – Regional Housing Trust JPA Fund - To account for monies received and expended by the City under the Burbank-Glendale-Pasadena Regional Housing Trust (BGPRHT). The creation of BGPRHT was authorized by the California Sta
te Legislature and signed into law by the Governor in August 2022, for the purpose of planning and con
structing housing, receiving public funds, and authorizing the issuance of bonds for the purposes of funding affordabl
e housing for people of extremely low, very low, low, and moderate-income households. 213
441 of 560

This page is left blank intentionally.

214
442 of 560

Exhibit M-1

CITY OF GLENDALE
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2023
(amounts expressed in thousands)
ICI System
Fund
7020 & 8020
Unclaimed
Evidence
Fund
7030
Regional
Housing Trust
JPA Fund
7040
Total
Custodial
Funds
ASSETS
Cash and investments 2,040 $ 2,549 $ 23,005 $ 27,594 $ Interest receivable 15 - - 15
Capital assets, net 130 - - 130
Capital assets, not being depreciated 2,795 - - 2,795 Total assets 4,980 2,549 23,005 30,534

LIABILITIES
Accounts payable 33 - - 33

NET POSITION
Net investment in capital assets 2,925 - - 2,925
Restricted for:

ICI system 2,022 - - 2,022
Regional Housing Trust JPA - - 23,005 23,005 Unclaimed evidence - 2,549 - 2,549
Total net position 4,947$ 2,549$ 23,005$ 30,501$ 215
443 of 560

Exhibit M-2

CITY OF GLENDALE
Custodial funds
For the Year Ended June 30, 2023
(amounts expressed in thousands)
ICI System
Fund
7020 & 8020
Unclaimed
Evidence
Fund
7030
Regional
Housing Trust
JPA Fund
7040
Total
Custodial
Funds

ADDITIONS
Revenue from other agencies - $ - $ 23,000$ 23,000$ Charges for services 2,998 - - 2,998 Interest income (6) - 5 (1) Unclaimed deposits - 968 - 968 Total additions 2,992 968 23,005 26,965

DEDUCTIONS
Depreciation 26 - - 26 Operating expenses 2,773 - - 2,773 Escheatment - 23 - 23 Refunds - 267 - 267 Total deductions 2,799 290 - 3,089 Net increase (decrease) in
fiduciary net position 193 678 23,005 23,876 Net Position - beginning of the year 4,754 1,871 - 6,625 Net Position - end of the year 4,947$ 2,549$ 23,005$ 30,501$ Combining Statement of Changes in Fiduciary Net Position

216
444 of 560

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.
• F inancial Trends – These schedules contain trend information to help the r eader understand how the City’s financial performance and well-being have changed over time.
• R evenue Capacity – These schedules contain information to help the r eader assess the City’s two most significant local revenue sour ces, the electric revenue and the property tax.
• D ebt Capacity – These schedules present information to help the r eader assess the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the futur e.
• D emographic and Economic Information – These schedules offer demographic and economic indicators to help the reader understand the envir onment within which the City’s financial activities take place. • O peration Information – These schedules contain service and infrastructur e data to help the reader understand how the information in the C ity’s financial report relates to the services the C ity provides and the activities it performs.
445 of 560

Schedule 1

CITY OF GLENDALE
Net Position by Component
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2023 2022 2021 2020 2019
Governmental activities:

Net investment in capital assets $ 965,218 958,053 966,347 967,835 932,188 Restricted 277,585 280,842 273,738 249,714 175,754 Unrestricted (143,193)
(1) (220,516) (1) (288,954) (1) (275,900) (1) (166,779) (1) Total governmental activities net position 1,099,610 1,018,379 951,131 941,649 941,163 Business-type activities:

Net investment in capital assets 351,895 367,455 378,683 387,699 387,043 Restricted 44,463 41,417 24,031 14,375 5,669 Unrestricted 296,075 304,882 314,559 325,832 320,351 Total business-type activities net position 692,433 713,754 717,273 727,906 713,063 Primary government:

Net investment in capital assets 1,317,113 1,325,508 1,345,030 1,355,534 1,319,231 Restricted 322,048 322,259 297,769 264,089 181,423 Unrestricted 152,882 84,366 25,605 49,932 153,572 Total primary government net position $ 1,792,043 1,732,133 1,668,404 1,669,555 1,654,226 2018 2017 2016 2015 2014
Governmental activities
Net investment in capital assets $ 926,357 922,498 888,998 882,741 829,862 Restricted 168,556 124,491 110,281 74,413 73,323 Unrestricted (195,007) (1) (162,510) (1) (153,423) (1) (315,057) (1) 47,188 Total governmental activities net position 899,906 884,479 845,856 642,097 950,373 Business-type activities:

Net investment in capital assets 401,010 409,287 422,656 437,125 484,467 Restricted 5,669 5,669 5,669 5,669 5,669 Unrestricted 288,494 263,001 222,463 159,220 210,397 Total business-type activities net position 695,173 677,957 650,788 602,014 700,533 Primary government:

Net investment in capital assets 1,327,367 1,331,785 1,311,654 1,319,866 1,314,329 Restricted 174,225 130,160 115,950 80,082 78,992 Unrestricted 93,487 100,491 69,040 (155,837) 257,585 Total primary government net position $ 1,595,079 1,562,436 1,496,644 1,244,111 1,650,906 Notes:
(1)
Source: City Finance Department
Not covered by independent auditors' report
From FY2015 to FY2023, 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
217
446 of 560

Schedule 2

CITY OF GLENDALE
Changes in Net Position
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2023 2022 2021 2020 2019
Expenses
Governmental activities:

General government $ 21,139 16,143
22,663 26,490 24,272
Police 114,706 84,436 106,799 104,378 92,931
Fire 78,279 60,535 74,151 71,342 65,484 Public works 49,416 51,167 40,161 50,772 40,720 Transportation 21,926 22,083 20,582 8,539 15,863 Housing, health and community development 78,508 67,287 69,016 62,815 57,379 Employment programs 6,818 5,983 7,303 8,129 7,550 Public service 5,525 5,159 7,433 6,175 6,190 Parks, recreation and community services 25,094 20,563 22,246 23,037 20,204 Library 14,421 12,105 12,956 13,955 12,650 Interest and fiscal charges 638 581 630 783 1,125 Total governmental activities expenses 416,470 346,042 383,940 376,415 344,368 Business-type activities:

Electric fund 276,142 227,985 224,764 211,615 202,232 Fiber optic fund 144 100 214 62 (1) - Fire communications fund 5,945 5,003 5,102 5,183 4,286 Refuse disposal fund 21,654 20,998 26,781 24,526 21,566 Sewer fund 25,018 23,734 23,914 20,297 21,448 Water fund 50,059 49,279 54,271 52,596 49,750 Total business-type activities expenses 378,962 327,099 335,046 314,279 299,282 Total primary government expenses $ 795,432 673,141 718,986 690,694 643,650 (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)

218
447 of 560

Schedule 2

CITY OF GLENDALE
Changes in Net Position
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2023 2022 2021 2020 2019
Program Revenues
Governmental activities:

Charges for services:

General government $ 20,150 20,558
19,652 21,202 21,604
Police 2,279 2,209 1,828 2,130 2,185 Fire 11,398 10,855 9,571 11,032 9,313 Public works 22,594 21,062 15,351 19,851 31,712 Transportation 170 - - - 6,874 Housing, health and community development 12,336 11,211 8,237 9,198 1,253 Employment programs 2,318 2,531 2,416 2,435 2,330 Public service 7,675 6,812 6,888 7,117 - Parks, recreation and community services 7,068 3,870 3,538 4,598 3,346 Library 1,539 468 783 563 118 Operating grants and contributions 142,711 100,480 96,665 79,793 58,580 Capital grants and contributions 20,179 13,223 16,030 21,322 17,458 Total governmental activities program revenues 250,417 193,279 180,959 179,241 154,773 Business-type activities:

Charges for services:

Electric fund 271,732 244,145 217,357 212,009 211,748 Fiber optic fund 231 236 231 229 - Fire communications fund 5,469 4,956 4,899 4,354 4,225 Refuse disposal fund 12,122 15,805 22,833 23,415 22,727 Sewer fund 27,203 28,377 27,402 25,088 24,892 Water fund 50,775 54,671 53,543 47,964 48,726 Operating grants and contributions 1,852 7,662 51 196 200 Capital grants and contributions 3,014 2,401 - 62 8 Total business-type activities program revenues 372,398 358,253 326,316 313,317 312,526 Total primary government program revenues 622,815 551,532 507,275 492,558 467,299 Net (expense) / revenue
Governmental activities (166,053) (152,763) (202,981) (197,174) (189,595) Business-type activities (6,564) 31,154 (8,730) (962) 13,244 Total primary government net expense $ (172,617) (121,609) (211,711) (198,136) (176,351) Source: City Finance Department
Not covered by independent auditors' report
Fiscal Year
(Continued)

219
448 of 560

Schedule 2

CITY OF GLENDALE
Changes in Net Position
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2023 2022 2021 2020 2019
General Revenues and Other Changes in Net Position
Governmental activities:

Taxes
Property taxes $ 77,054 72,115
71,738 65,169 62,323
Sales taxes 92,458 88,976 74,578 66,054 58,692 Utility users tax 29,891 26,943 26,114 26,455 26,655 Other taxes 21,090 17,997 12,274 14,172 22,563 Investment income 1,445 (12,020) (1) 4,577 4,080 14,626 Other 3,409 5,328 1,391 2,227 14,831 Reinstatement of loans - - - - 323 Transfers 21,937 20,672 18,653 19,503 20,172 Special items:

Transfer of bond proceeds from
Successor Agency - - - - 10,667 Total governmental activities 247,284 220,011 209,325 197,660 230,852 Business-type activities:

Investment income 4,005 (17,761) (1) 817 17,008 16,040 Other 3,175 6,760 19,071 15,101 8,778 Transfers (21,937) (20,672) (18,653) (19,503) (20,172) Total business-type activities (14,757) (31,673) 1,235 12,606 4,646 Total primary government 232,527 188,338 210,560 210,266 235,498 Change in net position
Governmental activities 81,231 67,248 6,344 486 41,257 Business-type activities (21,321) (519) (7,495) 11,644 17,890 Total primary government $ 59,910 66,729 (1,151) 12,130 59,147 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)

220
449 of 560

Schedule 2

CITY OF GLENDALE
Changes in Net Position
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2018 2017 2016 2015
(1) 2014
Expenses
Governmental activities:

General government $ 33,037 29,958 20,335 47,822 64,776 Police 92,679 80,687 72,274 74,596 71,299 Fire 67,285 59,228 51,386 48,796 47,370 Public works 30,072 28,021 31,925 26,558 41,126 Transportation 13,196 14,215 14,367 15,222 - Housing, health, and community development 44,349 41,831 39,860 42,472 38,536 Employment programs 5,848 6,099 5,265 5,557 5,642 Public service 5,999 6,751 6,230 5,895 5,173 Parks, recreation and community services 19,697 18,710 15,889 13,325 12,372 Library 12,485 9,590 8,222 8,392 7,893 Interest and fiscal charges on bonds 2,139 2,763 2,203 1,398 2,553 Total governmental activities expenses 326,786 297,853 267,956 290,033 296,740 Business-type activities:

Electric fund 188,573 186,772 172,647 187,864 179,322 Fire communications fund 4,126 3,399 3,149 2,965 2,521 Hazardous disposal fund - - - 1,511 1,170 Parking fund - - - 7,702 6,317 Recreation fund - - - 2,584 2,338 Refuse disposal fund 20,844 19,448 18,518 18,519 16,143 Sewer fund 20,383 16,697 15,327 17,421 14,353 Water fund 48,458 43,400 42,017 45,068 42,927 Total business-type activities expenses 282,384 269,716 251,658 283,634 265,091 Total primary government expenses $ 609,170 567,569 519,614 573,667 561,831 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)

221
450 of 560

Schedule 2

CITY OF GLENDALE
Changes in Net Position
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2018 2017 2016 2015
(1) 2014
Program Revenues
Governmental activities:

Charges for services:

General government $ 20,810 16,601 17,554 18,554 17,895 Police 1,487 1,282 1,229 1,087 759 Fire 9,672 8,405 8,242 6,330 2,206 Public works 29,117 23,629 20,732 14,469 19,544 Transportation 7,115 10,632 9,882 6,849 - Housing, health, and community development 177 118 68 55 57 Employment programs 1,691 1,711 1,509 1,401 1,486 Parks, recreation and community services 3,285 2,984 2,999 11 11 Library 138 83 156 174 171 Operating grants and contributions 55,448 56,317 56,398 55,415 63,195 Capital grants and contributions 9,447 8,776 8,083 6,969 11,134 Total governmental activities program revenues 138,387 130,538 126,852 111,314 116,458 Business-type activities:

Charges for services:

Electric fund 218,842 218,686 217,467 215,956 196,263 Fire communications fund 3,984 3,794 3,515 3,253 3,191 Hazardous disposal fund - - - 1,632 1,598 Parking fund - - - 9,303 8,897 Recreation fund - - - 2,773 2,813 Refuse disposal fund 22,417 22,319 21,769 21,989 21,195 Sewer fund 13,806 13,859 14,273 15,790 15,576 Water fund 50,771 48,601 49,972 47,520 43,069 Operating grants and contributions 72 207 54 120 299 Capital grants and contributions 12 61 305 2,306 796 Total business-type activities program revenues 309,904 307,527 307,355 320,642 293,697 Total primary government program revenues 448,291 438,065 434,207 431,956 410,155 Net (expense) / revenue
Governmental activities (188,399) (167,315) (141,104) (178,719) (180,282) Business-type activities 27,520 37,811
55,697 37,008 28,606
Total primary government net expense $ (160,879) (129,504) (85,407) (141,711) (151,676) 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)

222
451 of 560

Schedule 2

CITY OF GLENDALE
Changes in Net Position
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2018 2017 2016 2015 2014
General Revenues and Other Changes in Net Position
Governmental activities:

Taxes
Property taxes $ 58,445 55,217
51,709 50,883 47,623
Sales taxes 62,158 41,096 46,651 36,330 35,408 Utility users tax 27,805 28,605 28,662 27,766 27,018 Other taxes 21,784 20,998 20,378 17,305 15,512 Investment income 1,815 1,262 8,456 1,561 1,776 Other 15,748 22,377 25,988 22,766 30,097 Reinstatement of loans 328 206 28,029 - - Transfers 21,312 21,060 19,524 62,859 23,970 Special items:

Transfer of capital assets from
Successor Agency 2,744 15,117 6,729 22,087 - Elimination of OPEB implied subsidy - - 82,247 - - Extraordinary gain - - 26,490 - - Total governmental activities 212,139 205,938 344,863 241,557 181,404 Business-type activities:

Investment income 1,315 1,859 4,899 1,915 2,725 Other 9,693 8,559 7,702 8,593 11,505 Transfers (21,312) (21,060) (19,524) (62,859) (23,970) Total business-type activities (10,304) (10,642) (6,923) (52,351) (9,740) Total primary government 201,835 195,296 337,940 189,206 171,664 Change in net position
Governmental activities 23,740 38,623 203,759 62,838 1,122 Business-type activities 17,216 27,169 48,774 (15,343) 18,866 Total primary government $ 40,956 65,792 252,533 47,495 19,988 Source: City Finance Department
Not covered by independent auditors' report
Fiscal Year

223
452 of 560

Schedule 3

CITY OF GLENDALE
Fund Balances of Governmental Funds
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2023 2022 2021 2020 2019
General Fund
Nonspendable: $ 699 704 2,071 8,451 293 Restricted for:

City Charter - Article XI
Sec. 15 general reserve - 35,770 35,869 32,584 30,769 Pension stabilization 37,030 34,512 39,805 35,145 29,426 Assigned to:

City Charter - Article XI
Sec. 15
general reserve 38,527 (1)
Economic development - 1,862 1,740 1,804 2,068 Quality of Life -
affordable housing,
infrastructure improvements,
and other essential services
22,160 17,201 18,422 5,184 5,184 Unassigned: 84,742 55,106 50,066 49,325 57,534 Total general fund 183,158 145,155 147,973 132,493 125,274 All Other Governmental Funds
Nonspendable: 3,375 3,196 2,857 2,901 2,756 Restricted for:

Air quality improvement 1,148 997 909 654 635 Cable access 4,010 3,711 3,492 3,460 4,044 Capital projects 73,038 65,168 58,456 50,856 45,773 Electric public benefit AB1890 10,857 8,609 6,927 7,159 5,903 Federal and state grants 13,479 10,819 10,844 8,562 8,547 Impact fee funded projects 32,585 29,713 30,273 29,647 27,668 Landfill post closure 59,504 52,763 48,185 42,584 37,286 Landscaping district 285 266 285 270 239 Low and moderate housing 9,430 12,677 12,840 13,471 23,413 Public safety 4,477 4,251 4,047 3,665 3,600 Public works 4,506 2,488 1,268 - - State gas tax mandates 21,521 17,137 14,502 11,373 8,473 Transportation 55,529 45,936 38,519 37,479 37,223 Urban art 9,680 8,743 8,800 8,393 8,130 Youth employment 11 45 28 - 33
Committed to:

Capital projects 62,569 65,809 41,534 36,922 29,872 Debt service 10,281 11,549 12,877 14,148 15,372 Hazardous materials 3,704 3,554 3,690 3,599 3,294 Parking 8,474 8,946 8,525 12,229 13,077 Public safety 499 968 1,098 768 448 Unassigned: (15,188) (9,421) (6,682) (8,589) (6,349) Total all other governmental funds $ 373,774 347,924 303,274 279,551 269,437 Notes:
(1)
Source: City Finance Department
Not covered by independent auditors' report
Fiscal Year
Effective FY2023, Charter reserve was reclassified from "Restricted" category to "Assisgned" category. (Continued)

224
453 of 560

Schedule 3

CITY OF GLENDALE
Fund Balances of Governmental Funds
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2018 2017 2016 2015 2014
General Fund
Nonspendable: $ 305 267 196 2,505 2,584 Restricted for:

City Charter - Article XI
Sec. 15 general reserve 28,115 27,296 24,870 23,433 22,593 Pension stabilization 27,605 - - - - Committed to:

Capital projects - - - - 7,000 Assigned to:

Economic development 3,530 4,033 4,526 3,418 - Capital 97 572 800 800 - Building maintenance - - - 1,000 - Emergency medical services - - 2,000 - - Unassigned: 47,418 60,701 55,954 40,819 36,480 Total general fund 107,070 92,869 88,346 71,975 68,657 All Other Governmental Funds
Nonspendable: 2,545 2,396 3,197 3,177 2,212 Restricted for:

Air quality improvement 518 425 370 293 276 Cable access 3,401 2,895 2,434 1,833 1,237 Capital projects 38,884 33,951 29,034 - - Electric public benefit AB1890 5,146 3,962 3,609 2,788 1,960 Federal and state grants 6,854 5,929 5,621 5,129 4,745 Impact fee funded projects 24,565 24,132 26,078 14,227 5,562 Landfill post closure 31,850 29,850 27,850 25,850 23,850 Landscaping district 207 172 139 99 63 Low and moderate housing 12,254 11,175 9,642 9,219 9,820 Property held for resale 981 981 - - - Public safety 2,594 2,730 1,820 1,465 1,197 State gas tax mandates 4,405 2,257 3,240 2,868 7,044 Transportation 30,324 25,471 22,297 19,965 17,019 Urban art 6,974 6,372 5,275 4,283 2,437 Youth employment 44 - 52 4 18 Committed to:

Capital projects 23,917 13,405 11,295 9,374 1,991 Debt service 16,429 17,981 19,287 21,522 23,841 Filming 945 622 373 - - Hazardous materials 2,885 2,342 2,057 1,646 - Parking 9,638 8,738 7,511 6,776 - Public safety 333 206 13 121 116 Recreation 3,775 3,652 3,548 3,602 - Unassigned: (4,690) (4,582) (9,345) (5,960) (10,327) Total all other governmental funds $ 224,778 195,062 175,397 128,281 93,061 Source: City Finance Department
Not covered by independent auditors' report
Fiscal Year

225
454 of 560

Schedule 4

CITY OF GLENDALE
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2023 2022 2021 2020 2019
Revenues:

Property taxes $ 77,054 72,115 71,738 65,169 62,323 Sales tax 92,458 88,976 74,578 66,054 58,692 Utility users tax 29,891 26,943 26,114 26,455 26,655 Other taxes 21,090 17,997 12,274 14,172 22,563 Revenue from other agencies 143,109 100,024 103,840 87,854 79,637 Licenses and permits 16,197 12,645 10,185 10,197 15,029 Fines and forfeitures 7,741 6,462 3,739 4,967 5,562 Charges for services 53,655 53,286 43,102 47,797 43,495 Use of money and property 7,369 (10,893) (2) 8,372 9,869 26,348 Interfund revenue 18,675 18,833 18,102 19,310 19,448 Miscellaneous revenue 2,498 3,855 2,389 2,749 3,374 Total revenues 469,737 390,243 374,433 354,593 363,126 Expenditures:

Current:

General
government 23,116 22,745 20,772 21,883 19,905 Police 109,875 99,535 92,803 89,243 87,321 Fire 75,837 68,617 64,218 61,930 61,888 Public works 30,798 27,960 26,808 27,134 25,500 Transportation 19,927 19,607 18,486 15,849 14,760 Housing, health and community development 76,011 67,579 65,600 58,235 57,570 Employment programs 6,171 6,125 7,001 6,988 7,449 Public service 5,429 5,129 7,121 5,860 6,177 Parks, recreation and community services 22,345 19,667 17,764 17,836 16,813 Library 13,734 12,402 10,987 10,918 11,071 Capital outlay 34,640 15,983 18,847 51,216 19,682 Debt service:

Principal - Bonds 2,025 1,930 2,309 2,052 2,197 Interest - Bonds 967 1,063 1,167 1,173 769 Principal - Leases 760 739 (3) - - - Interest - Leases 12 4 (3) - - -
Principal - Subscription 275 (4) - - - - Interest - Subscription 15 (4) - - - - Bond issuance costs - - - - 357 (1)
Total expenditures 421,937 369,085 353,883 370,317 331,459 47,800 21,158 20,550 (15,724) 31,667 Other financing sources (uses):

Transfers in 24,689 26,621 25,115 27,758 55,053 Transfers out (10,662) (5,947) (6,462) (8,255) (34,881) Lease issuance 2,026 - - - - 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) 16,053 20,674 18,653 19,503 20,529 - - - - 10,667
Net change in fund balances $ 63,853 41,832 39,203 3,779 62,863 Debt service as a percentage of noncapital expenditures 1.1% 1.1% 1.0% 1.0% 1.0% Notes:
(1)
(2)
(3)
(4)
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 Statement No. 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.

In FY2023, GASB Statement No. 96 has been implemented, which requires subscription-based information technology arrangements (SBITAs) to be recorded on the financial statements.
(Continued)

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Schedule 4

CITY OF GLENDALE
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years (in thousands)
(accrual basis of accounting)
2018 2017 2016 2015 2014
Revenues:

Property taxes $ 58,445 55,217 51,709 50,883 47,623 Sales tax 62,158 41,096 46,651 36,330 35,408 Utility users tax 27,805 28,605 28,662 27,766 27,018 Other taxes 21,784 20,998 20,378 17,305 15,512 Revenue from other agencies 70,304 71,590 61,332 69,677 71,755 Licenses and permits 13,740 14,053 23,263 21,592 10,528 Fines and forfeitures 5,300 5,317 4,299 1,413 1,638 Charges for services 39,962 37,012 35,876 21,741 19,393 Use of money and property 10,166 17,244 11,820 5,970 4,996 Interfund revenue 17,410 13,996 14,950 16,577 16,182 Sales of property - ---- (1)
Miscellaneous revenue 4,324 9,235 4,105 6,542 3,577 (1) Total revenues 331,398 314,363 303,045 275,796 253,630 Expenditures:

Current:

General
government 28,866 29,286 25,767 27,250 27,187 Community promotion ---- 9 5
Police 82,573 76,908 73,196 71,599 69,623 Fire 60,176 56,598 53,425 47,901 46,848 Public works 23,544 23,351 28,518 20,038 33,310 Transportation 14,271 13,251 13,341 13,780 - Housing, health and community development 40,979 40,102 39,865 42,464 39,449 Employment programs 5,680 6,254 5,603 5,589 5,808 Public service 5,951 6,720 6,381 5,896 5,325 Parks, recreation and community services 16,643 16,511 14,139 10,451 10,331 Library 11,229 9,660 8,655 8,452 8,143 Capital outlay 16,190 30,208 13,433 16,054 23,930 Debt service:

Interest - Bonds 583 374 268 242 806 Principal - Bonds 2,108 2,014 2,981 2,973 13,850 Total expenditures 308,793 311,237 285,572 272,689 284,669 22,605 3,126 17,473 3,107 (31,039) Other financing sources (uses):

Transfers in 35,378 32,302 25,165 43,650 28,331 Transfers out (14,066) (11,240) (5,641) (8,219) (4,382) Total other financing sources (uses) 21,312 21,062 19,524 35,431 23,949 Extraordinary gain (loss) - - 26,490 - - Net change in fund balances $ 43,917 24,188 63,487 38,538 (7,090) Debt service as a percentage of noncapital expenditures 0.9% 0.9% 1.2% 1.3% 5.6% 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

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Schedule 5

CITY OF GLENDALE
Electric Revenue by Type of Customers
Last Ten Fiscal Years
2023 2022 2021 2020 2019
Electric Fund:

Number of customers:

Residential 77,188 76,929 76,757 76,700 76,256 Commercial 13,184 13,140 13,108 13,114 13,092 Industrial 185 193 193 195 195
Public street and highway lighting 21 21 21 21 21
Total number of customers 90,578 90,283 90,079 90,030 89,564 Megawatt-hour units sold:

Residential 402,751 (5) 381,594 400,862 (2) 377,905 371,625 Commercial 307,505 310,816 294,782 (2) 311,633 329,429 Industrial 280,350 283,930 273,434 (2) 296,871 316,244 Public street and highway lighting 9,245 9,185 9,173 9,236 9,207 Total retail megawatt-hour sales 999,851 985,525 978,251 995,645 1,026,505 Sales to other utilities 397,991 419,063 482,809 (2) 466,894 464,482 Total megawatt-hour sales 1,397,842 1,404,588 1,461,060 1,462,539 1,490,987 Revenue from energy sales:

Residential $ 96,597,653 (5) 85,438,798 (4) 84,866,109 (3) 78,324,752 72,591,228 (1) Commercial 67,516,453 63,926,783 (4) 59,869,663 (3) 62,349,778 63,254,909 (1) Industrial 55,248,560 52,585,725 (4) 49,740,131 (3) 52,868,718 54,120,104 (1) Public street and highway lighting 7,743 7,043 6,629 6,277 5,809 Sales to other utilities 40,112,522 (6) 29,862,282 (4) 22,874,574 (3) 18,459,341 21,775,844 (1) Total energy sales $ 259,482,931 231,820,631 217,357,106 212,008,866 211,747,894 Notes:
(1)
(2)
(3)
(4)
(5)
(6)
Source: Glendale Water & Power Department
Not covered by independent auditors' report
Fiscal Year
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.

In FY2023, increase in total residential energy sales was attributable to increase in volumes and rates.

In FY2023, revenue from sales to other utilities increased from the prior year due to new natural gas Asset Management Agreement (AMA) and increased AMA activities.
(Continued)

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Schedule 5

CITY OF GLENDALE
Electric Revenue by Type of Customers
Last Ten Fiscal Years
2018 2017 2016 2015 2014
Electric Fund:

Number of customers:

Residential 75,589 (3) 74,783 74,176 73,678 72,975 Commercial 13,043 12,967 12,938 12,869 12,801 Industrial 196 211 212 214 218
Public street and highway lighting 21 21 21 21 18
Total number of customers 88,849 87,982 87,347 86,782 86,012 Megawatt-hour units sold:

Residential 369,703 (3) 372,746 383,783 372,426 352,861 Commercial 337,282 334,185 335,019 337,388 327,660 Industrial 331,859 346,427 362,867 361,719 370,321 Public street and highway lighting 9,205 9,247 9,182 8,543 8,530 Total retail megawatt-hour sales 1,048,049 1,062,605 1,090,851 1,080,076 1,059,372 Sales to other utilities 404,785 (2) 521,782 461,124 (1) 512,846 351,348 Wholesale - - - (1) 173,938 331,831
Total megawatt-hour sales 1,452,834 1,584,387 1,551,975 1,766,860 1,742,551 Revenue from energy sales:

Residential $ 74,609,549 (3) 73,139,123 73,924,071 67,754,324 59,905,509 Commercial 66,961,824 64,986,543 64,213,540 61,746,578 55,750,676 Industrial 59,813,317 60,766,034 63,310,702 59,626,227 52,437,492 Public street and highway lighting 6,366 6,401 6,413 3,465 6,145 Sales to other utilities 17,451,139 (2) 19,788,257 16,012,599 (1) 19,041,456 13,032,317 Wholesale - - - (1) 7,783,689 15,130,477
Total energy sales $ 218,842,195 218,686,358 217,467,325 215,955,739 196,262,616 Notes:
(1)
(2)
(3)
Source: Glendale Water & Power Department
Not covered by independent auditors' report
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.

Effective FY2016, wholesale and sales to other utilities have been combined into one account.

Fiscal Year

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Schedule 6

CITY OF GLENDALE
Electric Rates (Dollars per Kilowatt Hour)
Last Ten Fiscal Years
2023 2022 2021 2020 2019
Customer class:

Residential $ 0.2398 0.2239 0.2117 0.2073 0.1953 Commercial 0.2196 0.2057 0.2031 0.2001 0.1920 Industrial 0.1971 0.1852 0.1819 0.1781 0.1711 Lighting 0.0008 0.0008 0.0007 0.0007 0.0006 2018 2017 2016 2015 2014
Customer class:

Residential $ 0.2018 0.1962 0.1926 0.1819 0.1693 Commercial 0.1985 0.1945 0.1917 0.1830 0.1696 Industrial 0.1802 0.1754 0.1745 0.1648 0.1412 Lighting 0.0007 0.0007 0.0007 0.0004 0.0006 



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%.

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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 $ 10,310,211 1 4.79% $ 6,181,117 4 3.15% Hospitals/Medical Facilities 8,987,692 2 4.18% 10,405,963 1 5.30% Entertainment Industry 8,401,507 3 3.90% 10,156,561 2 5.17% High-Rise Buildings 7,917,895 4 3.68% 3,428,642 8 1.75% Government Agencies 7,270,222 5 3.38% 7,605,820 3 3.88% Manufacturing 5,563,489 6 2.59% 3,960,401 6 2.02% Grocery Stores 2,327,637 7 1.08% 3,672,945 7 1.87% Schools/Colleges 2,165,806 8 1.01% 4,441,449 5 2.26% Hotels/Motels 1,355,066 9 0.63% 1,447,527 9 0.74% Utilities 730,298 10 0.34% 1,284,691 10 0.65% $ 55,029,823 25.58% $ 52,585,116 26.79%
Source: Glendale Water & Power Department
Not covered by independent auditors' report
Fiscal Year 2014Fiscal Year 2023
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.

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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)
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 2023 28,149,519 7,553,267 1,314,811 2,682,405 Fiscal Year
Less:

Tax-Exempt
Property (2)
Total Taxable
Assessed Value
Total Direct
Tax Rate (3)
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
2023 1,100,137 38,599,865 0.13260
Notes:
(1)
(2)
(3)
(4)
Source: HdL Coren & Cone
Not covered by independent auditors' repor
t
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.

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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
Total Direct Tax
Rate (1)
2014 0.13573 0.13096
2015 0.13573 0.13108
2016 0.13573 0.13128
2017 0.13573 0.13152
2018 0.13573 0.13097
2019 0.13573 0.13238
2020 0.13573 0.13217
2021 0.13573 0.13244
2022 0.13573 0.13244
2023 0.13573 0.13260
Fiscal Year Basic Levy
Community
College
Glendale Unified
School District
La Canada Unified
School District
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
2023 1.00000 0.03502 0.04573 0.05343



Notes:
(1)
Source: HdL Coren & Cone
Not covered by independent auditors' report
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.

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. (Continued)

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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
2014 0.00000 0.04454 0.14644
2015 N/A N/A N/A
2016 N/A N/A N/A
2017 N/A N/A N/A
2018 N/A N/A N/A
2019 N/A N/A N/A
2020 N/A N/A N/A
2021 N/A N/A N/A
2022 N/A N/A N/A
2023 N/A N/A N/A
Fiscal Year
Metropolitan Water
District
Pasadena
Community
College District
Total Direct &
Overlapping Tax
Rates
2014 0.00350 0.01899 1.34327
2015 0.00350 0.01032 1.16053
2016 0.00350 0.00872 1.14580
2017 0.00350 0.00885 1.15158
2018 0.00350 0.00819 1.15856
2019 0.00350 0.00767 1.15200
2020 0.00350 0.00721 1.14006
2021 0.00350 0.00554 1.14535
2022 0.00350 0.00899 1.15218
2023 0.00350 0.00869 1.14637



Source: HdL Coren & Cone
Not covered b
y 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.

Direct & Overlapping Rates
Direct & Overlapping Rates
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.

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.

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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
Glendale Mall Associates LLC $
645,464 1 1.67%
Walt Disney World Company 640,516 2 1.66% $ 442,103 1 1.80% Americana at Brand LLC 267,046 3 0.69% 271,105 3 1.11% Americana Residential LLC 230,824 4 0.60% 150,032 6 0.61% Stanley A Sirott Trust 209,419 5 0.54%
LA Hana OW LLC Lessor 204,512 6 0.53%
GPI 500 Brand Limited 198,941 7 0.52% 100,915 10 0.41% DWF V 655 North Central LLC 195,763 8 0.51%
120 W Wilson Avenue Apartments LP 195,639 9 0.51%
Onni 700 Brand LP 180,657 10 0.47%
GGP Homart II 440,773 2 1.80%
PR Glendale Plaza Office California LLC 166,046 4 0.68% DWA Glendale Properties LLC 157,066 5 0.64%
Wells Reit Glendale California LLC 144,400 7 0.59% Metropolitan Life Insurance Company 123,233 8 0.50% Dignity Health Corporation 108,878 9 0.44%
$ 2,968,781 7.69% $ 2,104,551 8.59%
Source: HdL Coren & Cone
Not covered by independent auditors' report
Fiscal Year 2014Fiscal Year 2023

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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 (4) Amount
Percentage
of Levy
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) (2) 28,745 98% 2017 31,075 30,455 (3) 98% 372 (3) 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 38,618 (6) 99% 2022 40,466 39,756 98% 263 40,019 99% 2023 43,032 42,767 99% - 42,767 99% Fiscal Year
Taxes
Levied for
the Fiscal
Year Amount
Percentage
of Levy
Collections in
Subsequent
Years (4) Amount
Percentage
of Levy
2014 $ - $ 20,039 (5) - $ - $ 20,039 - 2015 - 10,709 (5) - - 10,709 - 2016 - 22,457 (5) - - 22,457 - 2017 - 16,407 (5) - - 16,407 - 2018 - 28,290 (5) - - 28,290 - 2019 - 19,542 (5) - - 19,542 - 2020 - 19,474 (5) - - 19,474 - 2021 - 14,374 (5) - - 14,374 - 2022 - 9,970 (5) - - 9,970 - 2023 - 7,971 (5) - - 7,971 - 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 Annual Comprehensive 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)
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.

Revised since FY2021 Annual Comprehensive Financial Report release, due to updated numbers.

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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
GMFA
Lease
Revenue
Bonds
Lease
Payable
Subscriptions
Payable
Total
Government
Activities
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
2023 - - - - 20,655 2,615 (9) 5,235 (10) 28,505 Fiscal
Year
2006
Electric
Revenue
Bond
2008
Electric
Revenue
Bond
2013
Electric
Refunding
Bond
2013
Electric
Revenue
Bond
2016
Electric
Refunding
Bond
2008
Water
Revenue
Bond
2014 $ 30,106 61,342 24,042 64,490 - 49,138 2015 28,726 61,284 23,841 63,766 - 47,829 2016 - (1) 1,880 (1) 23,640 62,565 89,303 (1) 46,479 2017 - 1,880 22,539 61,307 87,085 45,089 2018 - - (3) 21,403 60,020 85,127 43,655 2019 - - 20,227 58,688 81,509 42,170 2020 - - 19,017 57,296 77,775 40,635 2021 - - 17,761 55,838 73,897 - (7) 2022 - - 16,465 54,321 69,869 - 2023 - - 15,119 52,734 65,676 - Fiscal
Year
2020
Water
Refunding
Bond
2012
Water
Revenue
Bond
Lease
Payable
Subscriptions
Payable
Total
Business-
type
Activities
2014 $ - 35,595 - - 264,713
2015 - 35,575 - - 261,021
2016 - 35,554 - - 259,421
2017 - 35,533 - - 253,433
2018 - 35,096 - - 245,301
2019 - 34,639 - - 237,233
2020 - 34,143 - - 228,866
2021 38,338 (7) 33,606 - - 219,440
2022 36,504 33,034 218 (8) - 210,411 2023 34,625 32,432 164 18 (9) 200,768 Notes:
(1)
(2)
(3) In FY2018, the 2008 Electric Revenue Bond was fully redeemed. (4)
(5)
(6)
(7)
(8)
(9)
(10)
Source: City Finance Department
Not covered by independent auditors' report
In FY2023, GASB Statement No. 96 has been implemented, which requires subscription-based information technology arrangements (SBITAs) to be recorded on the financial statements.

Business-type Activities
In FY2019, the Parking Access and Revenue Control System (PARCS) loan was paid in full.

In FY2021, the HUD Section 108 (2011-A) loan was paid in full.

Governmental Activities
In FY2022, GASB Statement No. 87 has been implemented, which requires long term leases to be recorded on the financial statements.

Business-type Activities
In FY2016, the 2006 Electric Revenue Bond and the majority of 2008 Electric Revenue Bond were refunded by 2016 Electric Refunding Bond.

In FY2019, the COPs were refunded on June 25, 2019 with Glendale Municipal Financing Authority 2019 Lease Revenue Refunding Bonds.

In FY2021, the 2008 Water Revenue Bond was refunded by 2020 Water Refunding Bond.

In FY2018, the 2009 fire equipment lease from Wells Fargo was paid in full.

In FY2023, the increase in lease payable is due to renewal of new office lease for Verdugo Jobs Center for 3 years. (Continued)

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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
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 2023 28,505 200,768 229,273 8,072,567 2.84% 191 1.200 For Successor Agency debt by types:

Fiscal
Year
2010
GRA Tax
Allocation
Bond
2011
GRA Tax
Allocation
Bond
2013
GRA Tax
Allocation
Bond
2016
GRA Tax
Allocation
Bond
Low & Mod
Loans
Payable
Loans
Payable Total
2014 $ 26,563 44,883 49,062 - - 13,613 134,121 2015 26,312 43,163 43,020 - - 12,104 124,599 2016 - (1) 40,713 37,376 24,742 (1) - 40,133 142,964 2017 - 38,119 31,577 24,279 - 27,828 121,803 2018 - 34,964 25,564 23,816 - 23,271 107,615 2019 - 31,549 19,335 23,354 - 13,554 87,792 2020 - 27,924 13,380 22,794 - 10,022 74,120 2021 - - (2) 6,681 22,346 365 1,460 30,852 2022 - - - (3) 21,896 - (4) - (4) 21,896 2023 - - - 14,782 - - 14,782 Notes:
(1)
(2)
(3)
(4)
Source: City Finance Department
Not covered by independent auditors' report
In FY2022, GSA loan to the City was fully paid.

In FY2022, the 2013 GSA tax allocation refunding bonds was fully paid.

In FY2021, the 2011 GRA Tax Allocation Bond was defeased.

Fiduciary Activities
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 FY2016, the 2010 GRA Tax Allocation Bond was refunded by 2016 GRA Tax Allocation Bond.

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Schedule 13

CITY OF GLENDALE
Direct and Overlapping Governmental Activities Debt
As of June 30, 2023 (in thousands)
Gross
Debt
Balance
Percentage
Applicable to
Glendale
Amount
Applicable to
Glendale
Direct debt:

Bonds Payable $ 20,655 100% $ 20,655
Leases Payable 2,615 100% 2,615
Subscriptions Payable 5,235 100% 5,235
Total direct debt 28,506
Overlapping tax and assessment debt:

Metropolitan Water District 19,215 1.062% 204
Glendale Community College District 351,017 88.889% 312,016 Pasadena Area Community College District 51,995 0.137% 71 Glendale Unifed School District 335,746 88.889% 298,441 La Canada Unifed School District 98,950 1.617% 1,600 Total overlapping tax and assessment debt 612,332
Overlapping general fund debt:

Los Angeles County General Fund Obligation 2,601,551 2.038% 53,020 Los Angeles County Superintendent of Schools Certificates of Participation 3,403 2.038% 69 Pasadena Area Community College District General Fund Obligation 28,785 0.137% 39 Glendale Unifed School District Certificates of Participation 10,221 88.889% 9,085 Total overlapping general fund debt 62,213
Overlapping Tax Increment Debt (Successor Agency) 14,145 100% 14,145 Total direct debt 28,506
Total overlapping debt 688,690
Total direct and overlapping debt $ 717,196 (1)
Notes:
(1)
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.

Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and tax allocation bonds and non-bonded capital lease obligation.

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Schedule 14

CITY OF GLENDALE
Legal Debt Margin Information
Last Ten Fiscal Years (in thousands)
Legal Debt Margin Calculation for Fiscal Year 2023
Assessed value $ 30,994,382 (1)
Debt limit (15% of assessed value) 4,649,157 (2)
Less debt applicable to limit -
Legal debt margin $ 4,649,157
2023 (1) 2022 (1) 2021 (1) 2020 (1) 2019 (1)
Debt limit $ 4,649,157 4,379,026 4,239,103 4,033,596 3,821,387 Total net debt applicable to limit - - - - -
Legal debt margin $ 4,649,157 4,379,026 4,239,103 4,033,596 3,821,387 Total net debt applicable to the limit
as a percentage of debt limit 0.00% 0.00% 0.00% 0.00% 0.00% 2018 (1) 2017 (1) 2016 (1) 2015 (1) 2014 (1)
Debt limit $ 3,636,704 3,442,765 3,251,258 3,085,271 2,945,332 Total net debt applicable to limit - - - - -
Legal debt margin $ 3,636,704 3,442,765 3,251,258 3,085,271 2,945,332 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.
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Schedule 15

CITY OF GLENDALE
Pledged-Revenue Coverage
Last Ten Fiscal Years (in thousands)
Principal Interest Coverage
2014 $ 203,633 $ 162,800 $ 40,833 $ 1,290 $ 6,706 5.11 2015 219,861 (2) 154,053 (1) 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 2023 277,892 247,656 30,236 5,995 6,172 2.49 Principal Interest Coverage
2014 $ 45,666 (3) $ 40,611 $ 5,055 $ 1,210 $ 3,658 1.04 2015 51,094 (2) 36,694 (1) 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 2023 51,330 40,916 10,414 2,260 2,015 2.44 Notes:
(1)
(2)
(3)
Source: City Finance Department
Not covered by independent auditors' report
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.

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
Fiscal Year
(Continued)
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Schedule 15

CITY OF GLENDALE
Pledged-Revenue Coverage
Last Ten Fiscal Years (in thousands)
(2) Principal Interest Coverage
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 2023 44,857 (3) 7,519 (4) 37,338 6,665 771 5.02 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
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Schedule 16

CITY OF GLENDALE
Demographic and Economic Statistics
Last Ten Fiscal Years
Fiscal Year Population (I)
Per Capita
Personal (I)
Total
Personal Income Median Age (I)
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
2023 191,284 42,202 8,072,567,368 41.2
Fiscal Year
Percent
High School
Graduate
or Higher (I)
Percent
Bachelor's
Degree
or Higher (I)
School
Enrollment (II)
Unemployment
Rate (I)
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%
2023 88.5% 43.0% 38,498 4.8%
Sources:
(I)
(II)
Not covered by independent auditors' report
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 2023 data is from calendar year 2022.

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Schedule 17

CITY OF GLENDALE
Principal Employers
Current Year and Nine Years A
go
Employees Rank
Percentage
of Total City
Employment (2) Employees Rank
Percentage
of Total City
Employment (2)
Glendale Unified School District 4,000 1 3.92% 1,830 3 1.73% Glendale Adventist Medical Center 2,600 2 2.55% 2,540 1 2.40% Countrywide Home Loans 1,815 3 1.78%
City of Glendale 1,785 4 1.75% 2,041 2 1.93% Glenair Inc 1,768 5 1.73% 1,180 7 1.12%
Glendale Community College 1,500 6 1.47% 1,403 5 1.33% Walt Disney Imagineering 1,011 7 0.99%
Alecto Healthcare Services 900 8 0.88%
Dream Works Animation 891 9 0.87% 1,478 4 1.40% USC Verdugo Hills Hospital 750 10 0.74% 700 8 0.66% Dignity Health - Glendale Memorial Hospital (1) 1,196 6 1.13% Nestle Company 1,180 7 1.12%
Public Storage Inc 324 9 0.31%
Notes:
(1)
(2)
Sources:
(I)
Disclaimer:

Not covered by independent auditors' report
2023 2014
Employer
The percentage of total employment is calculated using a baseline of 102,000 workers employed in Glendale for FY2023, and a baseline of 105,800 workers employed in Glendale for FY2014.

In FY2019, Glendale Memorial Hospital renamed to Dignity Health Glendale Memorial Hospital.

FY2023 data, with the exception of the City of Glendale, is from D&B Hoovers and State Employment Development Department.

FY2014 data, with the exception of the City of Glendale, is from MuniServices LLC. City of Glendale data is from the City of Glendale.

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.

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Schedule 18

CITY OF GLENDALE
Authorized Salaried Positions by Department
Last Ten Fiscal Years
2023 2022 2021 2020 2019
Department:

Administrative Services - Finance 36.85 (4) 41.85 (2) 37.35 36.35 37.35 City Attorney 20.00 20.00 20.00 20.00 20.00 City Clerk 7.00 7.00 7.00 6.00 6.00 City Treasurer 5.00 5.00 5.00 5.00 5.00 Community Development 126.70 (5) 123.45 121.45 124.45 119.45 Community Services & Parks 107.95 (5) 101.20 101.20 98.20 98.25 Fire
Sworn
165.00 165.00 166.00 166.00 166.00
Civilians 45.00 45.00 45.00 46.00 45.00 Glendale Water & Power 324.60 324.60 318.60 319.00 321.50 Human Resources 23.00 22.95 22.95 22.95 22.90 Information Technology (3) 36.50 (5) 42.50 41.00 41.00 42.00 Innovation, Performance & Audit - - (2) 6.00 6.00 6.00 Library, Arts & Culture 52.00 (5) 47.00 47.00 46.00 47.00 Management Services (1) 27.00 (4) 23.00 (2) 20.00 23.00 23.25 Police
Sworn
246.50 244.50 244.50 242.50 243.50
Civilians 106.00 (5) 97.00 97.00 96.00 97.50 Public Works
Sworn

0.50 0.50 0.50 0.50 0.50 Civilians 275.40 (5) 283.45 283.45 285.05 289.80 Total 1,605.00 1,594.00 1,584.00 1,584.00 1,591.00 Notes:
(1)
(2)
(3)
(4)
(5)
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 FY2023, Information Services Department changed to Information Technology Department.

In FY2023, Internal Audit section moved from Administrative Services – Finance department to Management Services Department.

In FY2023, the Wireless Fund 6600 (5.00 positions) moved from the Information Technology Department to the Police Department. Additionally, vacant positions from Public Works Department, Information Technology Department, and Community Development Department were redirected to Community Services & Parks Department, Police Department, and Library, Arts & Culture Department.
(Continued)

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Schedule 18

CITY OF GLENDALE
Authorized Salaried Positions by Department
Last Ten Fiscal Years
2018 2017 2016 2015 2014
Department:

Administrative Services - Finance (1) 36.35 38.27 37.27 30.27 35.27 City Attorney 18.31 18.31 18.21 17.21 18.26 City Clerk 6.00 6.30 6.30 6.00 7.00 City Treasurer 5.00 5.00 5.00 5.00 5.00 Community Development 118.64 119.09 118.19 90.54 100.10 (3) Community Services & Parks 100.25 100.33 98.38 97.38 105.37 Fire
Sworn
166.00 164.00 164.00 163.00 157.00
Civilians 43.00 45.00 44.00 42.00 42.00 Glendale Water & Power 327.50 328.50 326.00 312.00 315.00 Human Resources 23.90 23.90 23.85 18.85 20.85 Information Services 42.00 42.00 42.00 40.00 50.00 Innovation, Performance & Audit 6.00 (5) - - - - Library, Arts & Culture 47.00 47.00 47.00 45.00 50.00 Management Services (2) 21.75 22.00 22.00 30.70 31.20 Police
Sworn
243.50 243.10 243.10 241.10 252.60
Civilians 97.50 96.50 96.50 99.00 99.00 Public Works
Sworn

0.50 0.90 0.90 0.90 0.90 Civilians 283.80 283.80 282.30 281.05 298.45 Total 1,587.00 1,584.00 1,575.00 1,520.00 (4) 1,588.00 Notes:
(1)
(2)
(3)
(4)
(5)
Source: City's Budget book.

Not covered b
y independent auditors' report
In FY2018, the Innovation, Performance & Audit Department was created.

The FY2015 position count was adjusted to reflect revised position counts after retirement/separation incentive.

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. 246
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Schedule 19

CITY OF GLENDALE
Operations Indicators by Function/Program
Last Ten Fiscal Years
2023 2022 2021 2020 2019
Function/Program
Police:

Physical arrests 4,826
(14) 3,371 3,289 4,174 4,549 Parking violations 119,486 (15) 105,570 (11) 58,146 (9) 61,813 (4) 70,320 Traffic violations 12,653 (16) 14,941 11,950 (9) 14,979 (4) 17,521 Fire:

Emergency responses 21,165 21,039 18,213 20,085 19,424 Fires extinguished (5) 543 525 514 577 500 Refuse collection:

Refuse collected (tons per day) 151 (17) 236 232 231 221 Recyclables collected (tons per day) 22 (18) 2 (12) 27 23 21 Inert waste recycling (tons per year)
Public Works 4,650
(19) 9,595 9,575 9,930 (6) 1,718 Glendale Water and Power - - (13) 2,678 (10) 2,024 (7) 386 (3) Other public works:

Street resurfacing (miles) (1) 5.90 3.20 2.30 4.00 (8) 9.74 Street reconstructing (miles) (1) - - - - -
Potholes repaired (square feet per year) (2) 14,564 10,320 9,546 13,100 15,739 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)
(18)
(19)
Sources: Various city departments
Not covered by independent auditors' report
Fiscal Year
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.