Glendale City Council
December 17, 2024

182 of 532

City of Glendale
Salary Exhibit A - Eff 12/1/2024 - Class Comp Updates - Pending Approval 2050 9,247.32 9,756.91 10,293.01 10,859.08 11,456.04 12,085.39 12,750.38 13,451.02 - - 2052 6,629.98 6,994.68 7,381.24 7,795.44 8,224.53 8,674.37 9,144.87 9,646.45 - - 2053 10,272.26 10,837.21 11,433.15 12,061.20 12,723.95 13,424.49 14,163.09 14,941.98 - - 2054 11,004.99 11,610.24 12,248.80 12,922.54 13,633.22 14,383.08 15,174.16 16,008.70 - - 2055 9,210.47 9,716.61 10,251.60 10,815.34 11,410.07 12,038.31 12,700.88 13,398.06 - - 2056 6,629.98 6,994.68 7,381.24 7,795.44 8,224.53 8,674.37 9,144.87 9,646.45 - - 2057 7,939.21 8,376.40 8,837.78 9,323.26 9,828.28 10,371.27 10,935.01 11,549.29 - - 2058 9,792.55 10,330.98 10,899.28 11,497.55 12,131.46 12,795.24 13,501.54 14,244.80 - - 2059 10,272.26 10,837.21 11,433.15 12,061.20 12,723.95 13,424.49 14,163.09 14,941.98 - - 2060 11,212.96 11,829.67 12,480.30 13,166.72 13,890.89 14,654.89 15,460.90 16,311.25 - - 2061 9,933.63 10,479.98 11,056.37 11,664.47 12,306.02 12,982.85 13,696.91 14,450.24 - - 2063 10,660.03 11,246.76 11,864.47 12,518.02 13,203.67 13,930.73 14,698.08 15,506.84 - - 2064 9,933.63 10,479.98 11,056.37 11,664.47 12,306.02 12,982.85 13,696.91 14,450.24 - - 2065 9,576.28 10,103.17 10,658.91 11,246.76 11,864.47 12,518.02 13,203.67 13,930.73 - - 2067 6,875.10 7,254.68 7,652.69 8,073.77 8,517.94 8,987.23 9,482.01 10,001.93 - - 2068 9,882.25 10,425.34 10,998.29 11,603.35 12,241.82 12,914.91 13,625.87 14,374.80 - - 2069 6,134.17 6,472.44 6,827.82 7,199.40 7,595.18 8,015.15 8,458.01 8,923.95 - - 2072 11,004.99 11,610.24 12,248.80 12,922.54 13,633.22 14,383.08 15,174.16 16,008.70 - - 2073 10,013.47 10,562.23 11,143.19 11,756.34 12,403.00 13,082.88 13,803.05 14,563.52 - - 2074 9,933.63 10,479.98 11,056.37 11,664.47 12,306.02 12,982.85 13,696.91 14,450.24 - - 2075 8,344.85 8,803.81 9,288.08 9,798.87 10,337.86 10,906.45 11,506.30 12,139.09 - - 2076 7,022.31 7,408.88 7,814.98 8,246.39 8,699.68 9,177.06 9,683.30 10,214.75 - - 2079 7,903.57 8,338.43 8,797.39 9,279.52 9,789.20 10,326.42 10,895.84 11,496.43 - - 2081 9,212.70 9,718.94 10,253.84 10,817.67 11,413.61 12,040.54 12,702.77 13,401.42 - - 2082 10,038.77 10,589.87 11,173.06 11,788.54 12,437.44 13,120.85 13,842.14 14,603.46 - - 2083 8,130.17 8,577.68 9,049.39 9,545.20 10,069.86 10,626.72 11,212.23 11,826.51 - - 2084 8,861.88 9,349.69 9,863.83 10,403.47 10,976.33 11,580.37 12,216.51 12,889.60 - - 2085 6,963.69 7,346.71 7,751.70 8,180.79 8,637.52 9,109.22 9,600.48 10,129.69 - - 2086 13,065.49 13,784.09 14,542.21 15,342.04 16,185.85 17,076.07 18,015.25 19,006.09 - - 2087 8,276.27 8,730.76 9,210.47 9,716.61 10,252.72 10,815.34 11,410.07 12,038.31 - - 2088 9,181.41 9,686.38 10,219.13 10,781.19 11,374.15 11,999.73 12,659.72 13,356.00 - - 2090 9,181.41 9,686.38 10,219.13 10,781.19 11,374.15 11,999.73 12,659.72 13,356.00 - - 2091 10,272.26 10,837.21 11,433.15 12,061.20 12,723.95 13,424.49 14,163.09 14,941.98 - - 2092 11,739.13 12,385.69 13,066.69 13,782.30 14,541.56 15,339.99 16,185.51 17,076.07 - - 2093 10,272.26 10,837.21 11,433.15 12,061.20 12,723.95 13,424.49 14,163.09 14,941.98 - - 2094 9,422.08 9,939.86 10,487.41 11,061.57 11,672.40 12,313.20 12,990.84 13,705.25 - - 2095 9,066.70 9,564.83 10,090.52 10,642.72 11,231.78 11,849.59 12,496.06 13,189.89 - - 2097 8,233.74 8,687.02 9,164.41 9,668.31 10,198.74 10,760.16 11,351.45 11,976.14 - - 2098 13,192.08 13,917.65 14,683.12 15,490.69 16,342.68 17,241.53 18,189.81 19,190.25 - - 2099 10,357.50 10,928.04 11,528.63 12,162.54 12,830.97 13,537.28 14,281.83 15,067.33 - - 2100 10,260.72 10,825.67 11,421.61 12,049.75 12,712.42 13,411.84 14,149.32 14,927.09 - - 2101 8,233.74 8,687.02 9,164.41 9,668.31 10,198.74 10,760.16 11,351.45 11,976.14 - - 2102 8,233.74 8,687.02 9,164.41 9,668.31 10,198.74 10,760.16 11,351.45 11,976.14 - - 2103 10,528.82 11,107.54 11,718.37 12,362.61 13,042.58 13,760.43 14,517.36 15,315.79 - - 2104 6,586.34 6,948.71 7,330.61 7,734.39 8,160.13 8,612.20 9,081.59 9,580.93 - - 2105 8,233.74 8,687.02 9,164.41 9,668.31 10,198.74 10,760.16 11,351.45 11,976.14 - - 2106 8,233.74 8,687.02 9,164.41 9,668.31 10,198.74 10,760.16 11,351.45 11,976.14 - - 2107 8,233.74 8,687.02 9,164.41 9,668.31 10,198.74 10,760.16 11,351.45 11,976.14 - - 2108 8,200.33 8,650.17 9,126.44 9,626.90 10,157.24 10,716.42 11,304.27 11,927.75 - - 2109 8,233.74 8,687.02 9,164.41 9,668.31 10,198.74 10,760.16 11,351.45 11,976.14 - - 2111 9,516.44 10,038.78 10,589.86 11,173.06 11,788.54 12,437.43 13,120.85 13,842.14 - - 2112 8,597.22 9,070.05 9,568.28 10,095.17 10,650.72 11,235.22 11,853.03 12,505.36 - - 2113 8,597.22 9,070.05 9,568.28 10,095.17 10,650.72 11,235.22 11,853.03 12,505.36 - - 2114 6,896.41 7,275.71 7,675.86 8,098.06 8,543.43 9,013.28 9,509.09 10,032.08 - - 2115 10,235.41 10,798.03 11,391.65 12,018.67 12,680.22 13,378.52 14,113.58 14,890.24 - - 2116 7,315.72 7,717.18 8,142.82 8,591.45 9,063.16 9,561.30 10,085.96 10,641.60 - - 2117 9,230.01 9,737.36 10,272.26 10,837.22 11,433.15 12,062.41 12,725.84 13,425.76 - - 2118 6,629.98 6,994.68 7,381.24 7,795.44 8,224.53 8,674.37 9,144.87 9,646.45 - - 2119 9,576.28 10,103.17 10,658.91 11,246.76 11,864.47 12,518.02 13,203.67 13,930.73 - - 2120 6,629.98 6,994.68 7,381.24 7,795.44 8,224.53 8,674.37 9,144.87 9,646.45 - - 2121 9,210.47 9,716.61 10,251.60 10,815.34 11,410.07 12,038.31 12,700.88 13,399.18 - - 2122 9,066.70 9,564.83 10,090.52 10,642.72 11,231.78 11,849.59 12,496.06 13,189.89 - - Salary Range Step 01 Step 02 Step 03 Step 04 Step 05 Step 06 Step 07 Step 08 Step 09 Step 10

183 of 532

City of Glendale
Salary Exhibit A - Eff 12/1/2024 - Class Comp Updates - Pending Approval 2123 9,066.70 9,564.83 10,090.52 10,642.72 11,231.78 11,849.59 12,496.06 13,189.89 - - 2124 8,299.34 8,756.07 9,236.90 9,745.46 10,284.91 10,850.98 11,450.37 12,073.85 - - 2125 11,125.97 11,736.80 12,381.04 13,064.45 13,781.18 14,541.56 15,338.87 16,182.16 - - 2126 9,305.95 9,817.86 10,357.50 10,928.04 11,528.63 12,162.54 12,830.97 13,537.28 - - 2127 7,022.31 7,408.88 7,814.98 8,246.39 8,699.68 9,177.06 9,683.30 10,214.75 - - 2128 7,438.75 7,849.50 8,280.92 8,729.55 9,208.15 9,715.50 10,258.49 10,823.35 - - 2129 7,022.31 7,408.88 7,814.98 8,246.39 8,699.68 9,177.06 9,683.30 10,214.75 - - 2130 9,416.59 9,934.55 10,480.89 11,057.39 11,665.52 12,307.15 12,984.05 13,698.18 - - 2131 7,632.03 8,052.00 8,494.86 8,963.03 9,448.61 9,970.85 10,512.81 11,101.77 - - 2132 7,022.31 7,408.88 7,814.98 8,246.39 8,699.68 9,177.06 9,683.30 10,214.75 - - 2133 7,920.13 8,355.74 8,815.35 9,300.18 9,811.72 10,351.36 10,920.68 11,521.28 - - 2134 7,022.31 7,408.88 7,814.98 8,246.39 8,699.68 9,177.06 9,683.30 10,214.75 - - 2135 9,305.95 9,817.86 10,357.50 10,928.04 11,528.63 12,162.54 12,830.97 13,537.28 - - 2136 7,814.98 8,245.18 8,698.47 9,177.06 9,682.18 10,214.75 10,776.17 11,368.66 - - 2137 7,632.03 8,052.00 8,494.86 8,963.03 9,448.61 9,970.85 10,512.81 11,101.77 - - 2138 7,814.98 8,245.18 8,698.47 9,177.06 9,682.18 10,214.75 10,776.17 11,368.66 - - 2139 8,072.38 8,516.35 8,984.81 9,478.94 10,000.34 10,550.31 11,130.62 11,742.75 - - 2140 10,660.03 11,246.76 11,864.47 12,518.02 13,203.67 13,930.73 14,698.08 15,506.84 - - 2141 9,042.50 9,540.64 10,064.09 10,617.41 11,203.02 11,817.39 12,467.39 13,153.04 - - 2142 9,426.74 9,944.42 10,492.06 11,068.46 11,678.17 12,320.18 12,997.73 13,712.13 - - 2143 9,717.54 10,251.97 10,815.81 11,410.73 12,038.31 12,700.41 13,398.90 14,135.82 - - 2144 11,125.97 11,736.80 12,381.04 13,064.45 13,781.18 14,541.56 15,338.87 16,182.16 - - 2145 8,637.51 9,112.57 9,613.76 10,142.52 10,700.36 11,288.88 11,909.77 12,564.81 - - 2146 11,739.13 12,385.69 13,066.69 13,782.30 14,541.56 15,339.99 16,185.51 17,076.07 - - 2147 11,739.13 12,385.69 13,066.69 13,782.30 14,541.56 15,339.99 16,185.51 17,076.07 - - 2148 9,746.30 10,282.30 10,847.82 11,444.41 12,073.86 12,738.01 13,438.60 14,177.72 - - 2149 9,230.01 9,737.36 10,272.26 10,837.22 11,433.15 12,062.41 12,725.84 13,425.76 - - 2150 10,163.00 10,722.20 11,312.27 11,933.52 12,589.30 13,281.83 14,013.55 14,784.34 - - 2151 10,194.09 10,754.39 11,345.68 11,970.37 12,629.59 13,323.34 14,056.07 14,828.08 - - 2152 14,952.31 15,775.97 16,642.33 17,556.90 18,523.31 19,541.36 20,615.99 21,750.26 - - 2154 10,163.01 10,722.19 11,312.27 11,933.52 12,589.30 13,281.84 14,013.55 14,784.34 - - 2155 10,272.26 10,837.21 11,433.15 12,061.20 12,723.95 13,424.49 14,163.09 14,941.98 - - 2156 7,438.75 7,849.50 8,280.92 8,729.55 9,208.15 9,715.50 10,258.49 10,823.35 - - 2157 11,863.36 12,515.69 13,203.67 13,929.52 14,695.75 15,504.52 16,357.02 17,256.70 - - 2158 8,355.64 8,814.70 9,299.06 9,810.97 10,350.52 10,918.83 11,519.36 12,152.93 - - 2159 9,210.94 9,717.54 10,251.97 10,815.81 11,410.73 12,038.31 12,700.41 13,398.90 - - 2160 6,468.57 6,824.34 7,199.68 7,595.67 8,013.43 8,454.17 8,919.15 9,409.70 - - 2161 7,627.07 8,046.56 8,489.12 8,956.02 9,448.60 9,968.28 10,516.53 11,094.94 - - 2162 8,072.19 8,516.17 8,984.53 9,478.66 10,000.07 10,550.04 11,130.25 11,742.48 - - 2163 10,260.72 10,825.67 11,421.61 12,049.75 12,712.42 13,411.84 14,149.32 14,927.09 - - 2164 9,305.95 9,817.86 10,357.50 10,928.04 11,528.63 12,162.54 12,830.97 13,537.28 - - 2165 12,040.76 12,703.00 13,401.67 14,138.76 14,916.39 15,736.79 16,602.31 17,515.44 - - 2166 9,595.68 10,123.45 10,680.24 11,267.65 11,887.37 12,541.18 13,230.94 13,958.64 - - 2167 13,562.01 14,307.92 15,094.85 15,925.07 16,800.95 17,725.00 18,699.87 19,728.37 - - 2168 10,271.67 10,836.61 11,432.62 12,061.42 12,724.79 13,424.66 14,163.01 14,941.98 - - 2169 7,229.37 7,627.37 8,047.35 8,490.20 8,956.14 9,448.60 9,968.28 10,516.53 - - 2170 10,251.60 10,815.34 11,410.08 12,038.30 12,700.87 13,398.07 14,134.96 14,912.38 - - 2171 7,920.13 8,355.74 8,815.35 9,300.18 9,811.72 10,351.36 10,920.68 11,521.28 - - 2172 10,723.80 11,313.61 11,935.86 12,592.33 13,284.91 14,015.58 14,786.44 15,599.69 - - 2173 7,315.72 7,717.18 8,142.82 8,591.45 9,063.16 9,561.30 10,085.96 10,641.60 - - 2174 8,539.91 9,009.60 9,505.13 10,027.91 10,579.45 11,161.32 11,775.19 12,422.83 - - 2175 11,739.13 12,385.69 13,066.69 13,782.30 14,541.56 15,339.99 16,185.51 17,076.07 - - 2176 11,739.13 12,385.69 13,066.69 13,782.30 14,541.56 15,339.99 16,185.51 17,076.07 - - 2177 10,291.93 10,857.98 11,455.17 12,085.21 12,749.89 13,451.14 14,190.95 14,971.45 - - 2178 9,716.99 10,251.42 10,815.25 11,410.09 12,037.64 12,699.72 13,398.20 14,135.10 - - 2179 8,918.67 9,409.20 9,926.71 10,472.67 11,048.67 11,656.35 12,297.45 12,973.81 - - 2180 8,355.64 8,814.70 9,299.06 9,810.97 10,350.52 10,918.83 11,519.36 12,152.93 - - 2181 9,933.63 10,479.98 11,056.37 11,664.47 12,306.02 12,982.85 13,696.91 14,450.24 - - 2182 8,180.80 8,637.52 9,109.22 9,600.48 10,129.70 10,686.83 11,274.61 11,894.71 - - 2183 8,950.38 9,441.63 9,960.52 10,509.28 11,088.00 11,921.60 12,339.72 13,020.72 - - 2501 7,655.85 8,076.94 8,521.19 8,989.83 9,484.25 10,005.93 10,556.27 11,136.86 - - 2502 5,984.69 6,313.85 6,661.11 7,027.48 7,413.99 7,821.76 8,251.95 8,705.81 - - Salary Range Step 01 Step 02 Step 03 Step 04 Step 05 Step 06 Step 07 Step 08 Step 09 Step 10

184 of 532

City of Glendale
Salary Exhibit A - Eff 12/1/2024 - Class Comp Updates - Pending Approval 2503 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2504 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2505 5,907.48 6,231.98 6,573.68 6,938.38 7,324.85 7,712.62 8,150.82 8,592.66 - - 2506 7,078.01 7,467.30 7,878.00 8,311.29 8,768.41 9,250.67 9,759.46 10,296.23 - - 2507 5,942.10 6,268.83 6,612.77 6,977.46 7,361.70 7,767.80 8,193.45 8,644.50 - - 2508 5,217.41 5,504.37 5,807.11 6,126.50 6,463.46 6,818.95 7,193.99 7,589.66 - - 2509 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2510 6,543.72 6,903.76 7,282.22 7,681.53 8,104.85 8,550.13 9,021.84 9,519.98 - - 2511 6,745.28 7,116.30 7,507.70 7,920.60 8,356.20 8,815.81 9,300.64 9,812.18 - - 2512 6,503.52 6,861.32 7,237.37 7,640.03 8,056.56 8,502.86 8,970.01 9,461.26 - - 2513 7,204.06 7,600.95 8,018.59 8,459.22 8,919.39 9,409.43 9,932.88 10,480.52 - - 2514 6,519.52 6,878.45 7,258.22 7,656.22 8,079.54 8,521.29 8,990.76 9,484.25 - - 2515 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2516 8,460.43 8,926.37 9,416.32 9,935.20 10,480.52 11,056.92 11,664.31 12,306.22 - - 2517 6,494.21 6,852.02 7,229.37 7,627.38 8,047.34 8,490.20 8,956.14 9,448.61 - - 2518 5,902.92 6,228.53 6,570.15 6,934.84 7,312.19 7,715.97 8,138.17 8,588.10 - - 2519 8,355.64 8,814.70 9,299.06 9,810.97 10,350.52 10,918.83 11,519.36 12,152.93 - - 2520 6,203.22 6,544.84 6,904.97 7,283.53 7,684.88 8,107.09 8,553.48 9,022.96 - - 2521 7,062.61 7,451.40 7,860.95 8,295.81 8,734.20 9,230.01 9,728.15 10,273.47 - - 2522 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2523 5,133.24 5,416.23 5,713.09 6,026.04 6,358.53 6,708.25 7,077.21 7,466.45 - - 2524 5,761.38 6,078.90 6,412.51 6,771.43 7,143.10 7,521.57 7,941.54 8,380.95 - - 2525 5,761.38 6,078.90 6,412.51 6,771.43 7,143.10 7,521.57 7,941.54 8,380.95 - - 2526 7,204.06 7,600.95 8,018.59 8,459.22 8,919.39 9,409.43 9,932.88 10,480.52 - - 2527 5,231.05 5,518.60 5,822.43 6,144.50 6,482.77 6,833.59 7,213.36 7,610.25 - - 2528 5,366.82 5,661.35 5,973.18 6,297.49 6,644.97 7,013.10 7,398.55 7,805.77 - - 2529 5,761.38 6,078.90 6,412.51 6,771.43 7,143.10 7,521.57 7,941.54 8,380.95 - - 2531 7,737.93 8,163.48 8,612.20 9,086.24 9,586.61 10,114.71 10,670.45 11,257.09 - - 2532 5,450.85 5,749.94 6,066.24 6,396.50 6,751.89 7,119.00 7,515.89 7,926.55 - - 2533 6,189.36 6,528.83 6,887.75 7,266.22 7,665.34 8,087.54 8,531.71 9,001.00 - - 2535 5,981.19 6,311.26 6,658.74 7,024.64 7,409.99 7,816.10 8,247.51 8,702.00 - - 2536 8,560.56 9,031.34 9,528.08 10,052.18 10,605.03 11,188.32 11,803.61 12,452.88 - - 2537 9,801.19 10,340.34 10,908.56 11,508.31 12,141.12 12,809.24 13,512.89 14,255.74 - - 2538 7,828.75 8,260.17 8,715.78 9,193.16 9,698.19 10,230.94 10,794.59 11,388.30 - - 2539 8,707.68 9,187.39 9,691.30 10,225.17 10,787.71 11,380.20 12,006.02 12,667.56 - - 2540 7,828.75 8,260.17 8,715.78 9,193.16 9,698.19 10,230.94 10,794.59 11,388.30 - - 2542 9,362.34 9,877.69 10,420.69 10,993.64 11,598.80 12,236.05 12,909.14 13,618.98 - - 2543 9,141.42 9,645.33 10,175.66 10,737.08 11,326.14 11,946.18 12,604.28 13,298.03 - - 2544 7,646.92 8,065.77 8,509.75 8,979.22 9,473.92 9,993.92 10,543.80 11,123.64 - - 2545 7,469.83 7,881.70 8,313.12 8,769.84 9,253.00 9,763.88 10,299.99 10,865.97 - - 2546 6,252.63 6,596.67 6,951.04 7,337.50 7,734.39 8,169.25 8,621.42 9,095.59 - - 2547 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2548 6,303.26 6,649.53 7,016.54 7,407.67 7,818.42 8,249.84 8,692.70 9,169.06 - - 2549 4,835.37 5,102.16 5,381.80 5,677.45 5,990.31 6,319.45 6,666.83 7,032.64 - - 2551 7,903.57 8,338.43 8,797.39 9,279.52 9,789.20 10,326.42 10,895.84 11,496.43 - - 2552 6,842.90 7,220.25 7,618.26 8,035.80 8,477.55 8,948.14 9,437.16 9,955.96 - - 2553 8,460.43 8,926.37 9,416.32 9,935.20 10,480.52 11,056.92 11,664.31 12,306.22 - - 2554 8,460.43 8,926.37 9,416.32 9,935.20 10,480.52 11,056.92 11,664.31 12,306.22 - - 2556 6,854.25 7,231.23 7,628.96 8,048.55 8,491.23 8,958.19 9,450.93 9,970.75 - - 2557 7,234.02 7,633.14 8,053.11 8,497.09 8,964.33 9,456.70 9,977.82 10,525.47 - - 2558 7,114.35 7,506.68 7,918.55 8,349.87 8,814.70 9,294.41 9,809.86 10,349.40 - - 2559 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2560 5,981.19 6,311.26 6,658.74 7,024.64 7,409.99 7,816.10 8,247.51 8,702.00 - - 2561 5,880.52 6,203.95 6,545.17 6,905.15 7,284.93 7,685.60 8,108.31 8,554.27 - - 2562 6,468.57 6,824.35 7,199.69 7,595.67 8,013.43 8,454.17 8,919.15 9,409.70 - - 2564 6,700.15 7,068.38 7,457.17 7,844.85 8,301.58 8,758.30 9,233.46 9,746.58 - - 2565 6,745.28 7,116.30 7,507.70 7,920.60 8,356.20 8,815.81 9,300.64 9,812.18 - - 2566 7,284.92 7,685.54 8,108.30 8,554.23 9,024.73 9,521.10 10,044.73 10,597.22 - - 2567 7,920.13 8,355.74 8,815.35 9,300.18 9,811.72 10,351.36 10,920.68 11,521.28 - - 2569 5,907.48 6,231.98 6,573.68 6,938.38 7,324.85 7,712.62 8,150.82 8,592.66 - - 2570 5,534.79 5,839.65 6,159.48 6,503.52 6,848.67 7,226.02 7,635.56 8,050.88 - - 2571 6,681.72 7,048.74 7,436.52 7,846.06 8,277.48 8,730.76 9,211.59 9,718.94 - - Salary Range Step 01 Step 02 Step 03 Step 04 Step 05 Step 06 Step 07 Step 08 Step 09 Step 10

185 of 532

City of Glendale
Salary Exhibit A - Eff 12/1/2024 - Class Comp Updates - Pending Approval 2572 6,700.15 7,068.38 7,457.17 7,844.85 8,301.58 8,758.30 9,233.46 9,746.58 - - 2573 10,723.80 11,313.61 11,935.86 12,592.33 13,284.91 14,015.58 14,786.44 15,599.69 - - 2574 6,073.13 6,406.74 6,757.66 7,135.01 7,520.45 7,935.77 8,370.63 8,835.36 - - 2575 6,363.19 6,712.80 7,082.15 7,472.16 7,884.03 8,317.68 8,774.40 9,256.44 - - 2576 6,363.19 6,712.80 7,082.15 7,472.16 7,884.03 8,317.68 8,774.40 9,256.44 - - 2577 6,586.34 6,948.71 7,330.61 7,734.39 8,160.13 8,612.20 9,081.59 9,580.93 - - 2578 8,460.43 8,926.37 9,416.32 9,935.20 10,480.52 11,056.92 11,664.31 12,306.22 - - 2580 5,547.44 5,853.51 6,175.58 6,508.08 6,867.00 7,250.03 7,648.22 8,070.42 - - 2581 4,528.09 4,776.65 5,040.10 5,318.52 5,610.72 5,917.91 6,241.19 6,587.46 - - 2582 4,636.22 4,891.67 5,160.88 5,447.31 5,747.61 6,061.68 6,392.97 6,743.89 - - 2583 6,421.16 6,774.32 7,146.92 7,539.99 7,954.75 8,392.22 8,853.78 9,340.75 - - 2584 8,607.74 9,081.12 9,580.56 10,107.55 10,663.38 11,249.92 11,868.66 12,521.46 - - 2585 7,655.85 8,076.94 8,521.19 8,989.83 9,484.25 10,005.93 10,556.27 11,136.86 - - 2586 6,667.95 7,033.85 7,420.32 7,833.40 8,237.18 8,703.12 9,192.05 9,698.19 - - 2587 6,829.03 7,205.17 7,600.95 8,018.59 8,459.22 8,923.95 9,415.20 9,932.88 - - 2589 7,350.16 7,755.14 8,180.79 8,634.07 9,109.22 9,608.48 10,138.81 10,694.46 - - 2590 7,886.26 8,320.00 8,775.61 9,258.77 9,769.56 10,306.88 10,873.97 11,471.12 - - 2591 7,350.16 7,755.14 8,180.79 8,634.07 9,109.22 9,608.48 10,138.81 10,694.46 - - 2592 8,814.70 9,299.06 9,809.86 10,350.52 10,920.03 11,520.63 12,155.56 12,822.78 - - 2593 7,666.65 8,088.85 8,532.83 9,001.00 9,495.79 10,020.35 10,570.32 11,151.28 - - 2594 7,368.58 7,773.57 8,201.45 8,653.61 9,128.77 9,630.35 10,160.78 10,719.77 - - 2595 5,366.82 5,661.35 5,973.18 6,297.49 6,644.97 7,013.10 7,398.55 7,805.77 - - 2596 8,460.43 8,926.37 9,416.32 9,935.20 10,480.52 11,056.92 11,664.31 12,306.22 - - 2597 6,360.77 6,710.57 7,078.71 7,467.50 7,878.26 8,309.67 8,767.52 9,250.67 - - 2598 8,502.86 8,971.22 9,464.71 9,984.71 10,534.59 11,113.31 11,725.35 12,369.50 - - 2599 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2601 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2602 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2603 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2605 7,234.02 7,633.14 8,053.11 8,497.09 8,964.33 9,456.70 9,977.82 10,525.47 - - 2606 6,842.90 7,220.25 7,618.26 8,035.80 8,477.55 8,948.14 9,437.16 9,955.96 - - 2607 5,981.19 6,311.26 6,658.74 7,024.64 7,409.99 7,816.10 8,247.51 8,702.00 - - 2608 6,629.98 6,994.68 7,381.24 7,795.44 8,224.53 8,674.37 9,144.87 9,646.45 - - 2610 8,460.43 8,926.37 9,416.32 9,935.20 10,480.52 11,056.92 11,664.31 12,306.22 - - 2611 6,018.04 6,350.53 6,700.15 7,068.38 7,457.17 7,867.84 8,300.46 8,758.30 - - 2612 6,134.17 6,472.44 6,827.82 7,199.40 7,595.18 8,015.15 8,458.01 8,923.95 - - 2613 6,823.36 7,198.29 7,594.06 8,012.91 8,453.45 8,918.18 9,408.31 9,925.99 - - 2614 6,312.47 6,659.95 7,025.76 7,412.32 7,817.21 8,240.62 8,695.03 9,181.72 - - 2615 8,133.70 8,581.22 9,052.83 9,548.64 10,073.30 10,628.95 11,213.35 11,831.16 - - 2616 6,586.34 6,948.71 7,330.61 7,734.39 8,160.13 8,612.20 9,081.59 9,580.93 - - 2617 7,785.01 8,214.10 8,664.04 9,140.31 9,638.44 10,169.90 10,725.54 11,325.02 - - 2619 5,880.52 6,203.95 6,545.17 6,905.15 7,284.93 7,685.61 8,108.31 8,554.27 - - 2620 6,468.57 6,824.35 7,199.69 7,595.67 8,013.43 8,454.17 8,919.15 9,409.70 - - 2621 6,273.39 6,618.54 6,982.02 7,363.93 7,770.12 8,199.21 8,646.73 9,124.21 - - 2622 6,525.07 6,883.94 7,262.56 7,662.00 8,083.41 8,528.00 8,997.04 9,491.88 - - 2623 6,586.34 6,948.71 7,330.61 7,734.39 8,160.13 8,612.20 9,081.59 9,580.93 - - 2624 7,273.11 7,672.23 8,095.73 8,540.83 9,010.31 9,506.12 10,029.56 10,579.44 - - 2625 7,273.11 7,672.23 8,095.73 8,540.83 9,010.31 9,506.12 10,029.56 10,579.44 - - 2626 6,998.12 7,383.56 7,789.67 8,218.76 8,672.04 9,148.31 9,651.10 10,182.55 - - 2627 6,462.01 6,817.59 7,191.40 7,586.06 8,004.72 8,445.35 8,905.52 9,399.19 - - 2628 7,022.31 7,408.88 7,814.98 8,246.39 8,699.68 9,177.06 9,683.30 10,214.75 - - 2629 8,275.32 8,730.46 9,210.64 9,717.22 10,251.67 10,815.51 11,410.36 12,037.93 - - 2630 8,001.37 8,442.00 8,904.40 9,397.89 9,912.22 10,458.65 11,033.84 11,640.20 - - 2631 9,305.95 9,817.86 10,357.50 10,928.04 11,528.63 12,162.54 12,830.97 13,537.28 - - 2632 6,519.52 6,878.45 7,258.22 7,656.22 8,079.54 8,521.29 8,990.76 9,484.25 - - 2633 5,981.19 6,311.26 6,658.74 7,024.64 7,409.99 7,816.10 8,247.51 8,702.00 - - 2634 7,785.01 8,214.10 8,664.04 9,140.31 9,638.44 10,169.90 10,725.54 11,325.02 - - 2635 6,586.34 6,948.71 7,330.61 7,734.39 8,160.13 8,612.20 9,081.59 9,580.93 - - 2636 6,519.52 6,878.45 7,258.22 7,656.22 8,079.54 8,521.29 8,990.76 9,484.25 - - 2637 6,269.48 6,614.26 6,978.02 7,361.88 7,766.78 8,193.91 8,644.59 9,120.02 - - 2638 6,437.82 6,792.28 7,164.97 7,569.86 7,974.85 8,422.46 8,877.98 9,363.46 - - 2639 8,404.03 8,865.32 9,354.34 9,868.48 10,411.47 10,983.22 11,587.26 12,225.82 - - Salary Range Step 01 Step 02 Step 03 Step 04 Step 05 Step 06 Step 07 Step 08 Step 09 Step 10

186 of 532

City of Glendale
Salary Exhibit A - Eff 12/1/2024 - Class Comp Updates - Pending Approval 2640 7,438.75 7,849.50 8,280.92 8,729.55 9,208.15 9,715.50 10,258.49 10,823.35 - - 2641 5,561.22 5,868.40 6,191.68 6,533.39 6,893.52 7,271.99 7,671.11 8,093.32 - - 2642 6,228.54 6,570.14 6,934.84 7,312.19 7,715.97 8,138.17 8,588.10 9,060.45 - - 2643 8,239.69 8,692.89 9,171.01 9,675.39 10,207.58 10,769.00 11,361.31 11,986.19 - - 2644 7,438.75 7,849.50 8,280.92 8,729.55 9,208.15 9,715.50 10,258.49 10,823.35 - - 2645 7,675.77 8,099.08 8,543.25 9,013.65 9,507.33 10,033.01 10,579.44 11,166.17 - - 2646 7,334.17 7,737.55 8,163.12 8,612.09 9,085.76 9,585.47 10,112.67 10,668.87 - - 2647 6,700.15 7,068.38 7,457.17 7,844.85 8,301.58 8,758.30 9,233.46 9,746.58 - - 2648 5,547.44 5,853.51 6,175.58 6,508.08 6,867.00 7,250.03 7,648.22 8,070.42 - - 2649 6,343.65 6,692.61 7,060.65 7,448.98 7,858.72 8,290.97 8,746.95 9,228.06 - - 2650 6,393.62 6,745.28 7,116.30 7,507.70 7,920.60 8,356.20 8,815.81 9,300.64 - - 2651 8,460.43 8,926.37 9,416.32 9,935.20 10,480.52 11,056.92 11,664.31 12,306.22 - - 2652 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2653 8,026.69 8,468.43 8,934.37 9,425.62 9,944.42 10,492.06 11,067.34 11,678.17 - - 2654 6,235.42 6,579.36 6,940.61 7,321.50 7,726.39 8,149.71 8,598.34 9,072.37 - - 2655 6,829.03 7,205.17 7,600.95 8,018.59 8,459.22 8,923.95 9,415.20 9,932.88 - - 2656 6,586.34 6,948.71 7,330.61 7,734.39 8,160.13 8,612.20 9,081.59 9,580.93 - - 2657 9,379.84 9,895.75 10,440.04 11,014.21 11,620.01 12,259.13 12,933.33 13,644.67 - - 2658 5,699.50 6,013.01 6,343.65 6,692.61 7,060.65 7,448.98 7,858.72 8,290.97 - - 2659 8,299.34 8,756.07 9,236.90 9,745.46 10,284.91 10,850.98 11,450.37 12,073.85 - - 2660 6,273.39 6,618.54 6,982.02 7,363.93 7,770.12 8,199.21 8,646.73 9,124.21 - - 2661 6,503.52 6,861.32 7,237.37 7,640.03 8,056.56 8,502.86 8,970.01 9,461.26 - - 2662 6,682.93 7,063.72 7,444.51 7,855.18 8,283.15 8,734.20 9,214.58 9,721.38 - - 2663 8,133.70 8,581.22 9,052.83 9,548.64 10,073.30 10,628.95 11,213.35 11,831.16 - - 2664 6,842.90 7,220.25 7,618.26 8,035.80 8,477.55 8,948.14 9,437.16 9,955.96 - - 2665 7,699.96 8,124.40 8,570.79 9,042.50 9,539.52 10,064.09 10,617.41 11,203.02 - - 2666 6,595.46 6,957.91 7,341.04 7,743.70 8,169.25 8,619.18 9,093.13 9,593.25 - - 2668 10,723.80 11,313.61 11,935.86 12,592.33 13,284.91 14,015.58 14,786.44 15,599.69 - - 2669 6,547.16 6,907.30 7,285.76 7,686.19 8,108.39 8,554.69 9,026.31 9,523.33 - - 2671 5,844.21 6,166.37 6,504.63 6,856.67 7,238.67 7,643.57 8,056.56 8,500.63 - - 2672 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2673 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2674 5,981.19 6,311.26 6,658.74 7,024.64 7,409.99 7,816.10 8,247.51 8,702.00 - - 2675 5,981.19 6,311.26 6,658.74 7,024.64 7,409.99 7,816.10 8,247.51 8,702.00 - - 2677 7,305.86 7,707.68 8,131.65 8,578.89 9,050.69 9,548.55 10,073.67 10,627.74 - - 2678 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2679 7,273.11 7,672.23 8,095.73 8,540.83 9,010.31 9,506.12 10,029.56 10,579.44 - - 2680 10,723.80 11,313.61 11,935.86 12,592.33 13,284.91 14,015.58 14,786.44 15,599.69 - - 2681 6,202.01 6,543.72 6,903.76 7,283.53 7,683.77 8,105.97 8,552.37 9,022.96 - - 2682 6,304.28 6,651.01 7,016.82 7,402.73 7,809.86 8,239.42 8,692.61 9,170.64 - - 2683 11,612.34 12,251.44 12,925.44 13,636.80 14,386.79 15,177.89 16,012.09 16,892.76 - - 2684 6,963.69 7,346.71 7,751.70 8,180.79 8,637.52 9,109.22 9,600.48 10,129.69 - - 2685 6,745.28 7,116.30 7,507.70 7,920.60 8,356.20 8,815.82 9,300.64 9,812.19 - - 2686 6,601.13 6,964.19 7,347.22 7,751.31 8,177.64 8,627.41 9,101.91 9,602.52 - - 2687 7,670.15 8,092.01 8,537.07 9,006.61 9,501.98 10,024.58 10,575.94 11,157.61 - - 2688 5,402.37 5,699.50 6,012.97 6,343.69 6,692.59 7,060.68 7,449.02 7,858.72 - - 2689 7,785.23 8,213.42 8,665.16 9,141.74 9,644.54 10,174.99 10,734.61 11,325.01 - - 2690 5,988.47 6,317.84 6,665.32 7,031.91 7,418.67 7,826.70 8,257.17 8,711.31 - - 2691 6,667.95 7,033.85 7,420.32 7,833.40 8,237.18 8,703.12 9,192.05 9,698.19 - - 2692 7,334.17 7,737.55 8,163.12 8,612.09 9,085.76 9,585.47 10,112.67 10,668.87 - - 2693 8,067.28 8,510.99 8,979.09 9,472.94 9,993.95 10,543.62 11,123.52 11,735.31 - - 2694 8,275.32 8,730.46 9,210.64 9,717.22 10,251.67 10,815.51 11,410.36 12,037.93 - - 2695 9,933.63 10,479.98 11,056.37 11,664.47 12,306.02 12,982.85 13,696.91 14,450.24 - - 2696 9,933.63 10,479.98 11,056.37 11,664.47 12,306.02 12,982.85 13,696.91 14,450.24 - - 2697 10,723.80 11,313.61 11,935.86 12,592.33 13,284.91 14,015.58 14,786.44 15,599.69 - - 2698 7,412.32 7,819.54 8,249.84 8,703.12 9,181.72 9,686.74 10,219.40 10,781.94 - - 2699 8,756.07 9,238.02 9,746.58 10,282.68 10,848.66 11,445.81 12,075.06 12,738.84 - - 2700 9,142.54 9,645.33 10,175.66 10,734.85 11,325.02 11,947.30 12,604.28 13,298.03 - - 2701 8,427.38 8,890.89 9,379.89 9,895.78 10,440.05 11,014.25 11,620.03 12,259.14 - - 2702 8,355.64 8,814.70 9,299.06 9,810.97 10,350.52 10,918.83 11,519.36 12,152.93 - - 2703 6,203.22 6,544.84 6,904.97 7,283.53 7,684.88 8,107.09 8,553.48 9,022.96 - - 2705 6,617.21 6,981.16 7,365.12 7,770.20 8,197.56 8,648.43 9,124.09 9,625.92 - - Salary Range Step 01 Step 02 Step 03 Step 04 Step 05 Step 06 Step 07 Step 08 Step 09 Step 10

187 of 532

City of Glendale
Salary Exhibit A - Eff 12/1/2024 - Class Comp Updates - Pending Approval 2706 7,640.05 8,060.25 8,503.57 8,971.26 9,464.68 9,985.24 10,534.43 11,113.82 - - 2707 7,334.17 7,737.55 8,163.12 8,612.09 9,085.76 9,585.47 10,112.67 10,668.87 - - 2708 8,067.28 8,510.99 8,979.09 9,472.94 9,993.95 10,543.62 11,123.52 11,735.31 - - 2709 8,460.43 8,926.37 9,416.32 9,935.20 10,480.52 11,056.92 11,664.31 12,306.22 - - 2710 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2711 7,814.69 8,244.50 8,697.94 9,176.33 9,681.03 10,213.49 10,775.23 11,367.86 - - 2712 5,402.46 5,699.31 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - 2713 6,468.04 6,823.78 7,199.09 7,595.04 8,012.77 8,453.47 8,918.41 9,408.93 - - 2714 5,402.37 5,699.50 6,012.97 6,343.68 6,692.59 7,060.68 7,449.02 7,858.71 - - 2715 6,189.00 6,529.39 6,888.51 7,267.38 7,667.08 8,088.77 8,533.65 9,003.00 - - 2716 8,540.39 9,010.28 9,505.47 10,026.07 10,576.97 11,160.40 11,774.02 12,422.72 - - 2717 6,667.95 7,033.85 7,420.32 7,833.40 8,237.18 8,703.12 9,192.05 9,698.19 - - 2718 8,067.28 8,510.99 8,979.09 9,472.94 9,993.95 10,543.62 11,123.52 11,735.31 - - 2719 6,667.95 7,033.85 7,420.32 7,833.40 8,237.18 8,703.12 9,192.05 9,698.19 - - 2720 7,334.17 7,737.55 8,163.12 8,612.09 9,085.76 9,585.47 10,112.67 10,668.87 - - 2721 8,067.28 8,510.99 8,979.09 9,472.94 9,993.95 10,543.62 11,123.52 11,735.31 - - 3000 5,929.59 6,266.15 6,615.51 6,979.36 7,363.23 7,768.20 - - - - 3001 7,014.89 7,406.17 7,793.96 8,222.63 8,674.88 9,151.99 - - - - 3002 3,607.62 3,819.46 4,028.01 4,245.69 4,489.09 4,725.42 - - - - 3003 4,209.61 4,432.00 4,682.47 4,933.96 5,211.17 5,494.04 - - - - 3004 3,607.62 3,819.46 4,028.01 4,245.69 4,489.09 4,725.42 - - - - 3005 4,122.29 4,342.33 4,591.57 4,839.58 5,101.63 5,383.45 - - - - 3006 4,627.64 4,882.72 5,154.09 5,429.99 5,730.47 6,053.08 - - - - 3007 5,535.37 5,839.82 6,161.01 6,499.86 6,857.36 7,234.51 - - - - 3008 4,500.76 4,756.88 5,020.15 5,294.91 5,591.81 5,899.35 - - - - 3009 4,936.13 5,207.62 5,494.03 5,796.21 6,115.00 6,451.32 - - - - 3010 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3011 5,827.11 6,148.50 6,472.15 6,852.97 7,217.50 7,614.62 - - - - 3012 4,858.23 5,129.60 5,413.69 5,721.14 6,041.40 6,351.11 - - - - 3013 5,619.88 5,929.59 6,266.14 6,615.51 6,979.37 7,363.23 - - - - 3014 4,343.46 4,591.57 4,851.26 5,110.95 5,397.40 5,686.19 - - - - 3015 4,216.68 4,450.65 4,696.41 4,954.87 5,227.37 5,516.17 - - - - 3016 5,085.33 5,357.83 5,660.57 5,960.96 6,294.03 6,643.39 - - - - 3017 4,827.90 5,091.17 5,365.94 5,667.54 5,982.06 6,306.93 - - - - 3018 6,069.28 6,405.83 6,768.01 7,125.47 7,513.27 7,934.88 - - - - 3019 5,233.22 5,525.50 5,814.30 6,134.46 6,467.63 6,822.74 - - - - 3020 5,943.63 6,270.76 6,615.51 6,978.81 7,363.03 7,768.35 - - - - 3021 3,690.23 3,883.51 4,093.19 4,335.36 4,563.59 4,827.90 - - - - 3022 5,233.22 5,525.50 5,814.30 6,134.46 6,467.63 6,822.74 - - - - 3023 6,773.28 7,145.82 7,538.80 7,953.44 8,390.87 8,852.33 - - - - 3024 4,500.76 4,756.88 5,020.15 5,294.91 5,591.81 5,899.35 - - - - 3025 4,025.65 4,238.72 4,470.43 4,710.35 4,979.36 5,247.16 - - - - 3026 3,468.24 3,658.99 3,860.24 4,072.55 4,296.54 4,532.85 - - - - 3027 4,500.76 4,756.88 5,020.15 5,294.91 5,591.81 5,899.35 - - - - 3028 3,607.62 3,819.46 4,028.01 4,245.69 4,489.09 4,725.42 - - - - 3029 4,500.76 4,756.88 5,020.15 5,294.91 5,591.81 5,899.35 - - - - 3030 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3031 4,500.76 4,756.88 5,020.15 5,294.91 5,591.81 5,899.35 - - - - 3032 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3033 7,383.94 7,789.26 8,226.03 8,676.56 9,151.77 9,648.92 - - - - 3034 7,892.87 8,333.04 8,790.72 9,270.45 9,784.00 10,314.97 - - - - 3035 8,435.52 8,899.05 9,389.23 9,905.13 10,448.91 11,024.25 - - - - 3036 6,069.28 6,405.83 6,768.01 7,125.47 7,513.27 7,934.88 - - - - 3037 5,768.90 6,093.77 6,411.67 6,778.56 7,137.15 7,538.89 - - - - 3038 4,654.39 4,917.67 5,188.94 5,469.55 5,768.90 6,096.03 - - - - 3040 5,768.90 6,093.77 6,411.67 6,778.56 7,137.15 7,538.89 - - - - 3041 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3042 5,972.64 6,306.93 6,652.72 7,014.89 7,406.17 7,793.97 - - - - 3044 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3045 4,831.04 5,096.75 5,377.07 5,672.81 5,984.81 6,313.98 - - - - 3046 8,310.62 8,767.65 9,249.92 9,758.66 10,295.38 10,861.57 - - - - 3047 6,960.16 7,344.38 7,747.43 8,173.48 8,623.02 9,097.29 - - - - Salary Range Step 01 Step 02 Step 03 Step 04 Step 05 Step 06 Step 07 Step 08 Step 09 Step 10

188 of 532

City of Glendale
Salary Exhibit A - Eff 12/1/2024 - Class Comp Updates - Pending Approval 3048 8,039.62 8,481.86 8,948.31 9,440.47 9,959.67 10,507.50 - - - - 3049 6,069.28 6,405.83 6,768.01 7,125.47 7,513.27 7,934.88 - - - - 3051 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3052 5,525.50 5,823.62 6,148.50 6,472.15 6,833.19 7,217.50 - - - - 3053 4,689.62 4,947.53 5,219.65 5,506.75 5,809.59 6,129.19 - - - - 3054 5,476.61 5,778.22 6,096.03 6,431.45 6,785.53 7,158.06 - - - - 3055 4,459.98 4,705.64 4,964.20 5,236.70 5,524.37 5,828.24 - - - - 3056 6,069.28 6,405.83 6,768.01 7,125.47 7,513.27 7,934.88 - - - - 3057 3,468.24 3,658.99 3,860.24 4,072.55 4,296.54 4,532.85 - - - - 3058 3,468.24 3,658.99 3,860.24 4,072.55 4,296.54 4,532.85 - - - - 3059 4,658.63 4,914.84 5,185.18 5,470.30 5,771.16 6,088.59 - - - - 3060 4,028.01 4,245.69 4,489.09 4,725.42 4,992.17 5,251.87 - - - - 3061 3,690.23 3,883.51 4,093.19 4,335.36 4,563.59 4,827.90 - - - - 3062 4,239.38 4,472.60 4,718.54 4,978.05 5,251.87 5,540.76 - - - - 3064 5,619.88 5,929.59 6,262.66 6,599.12 6,970.62 7,361.90 - - - - 3066 3,775.29 3,980.16 4,205.00 4,423.90 4,669.66 4,933.96 - - - - 3067 4,718.73 4,972.30 5,235.01 5,533.32 5,833.89 6,160.93 - - - - 3068 4,500.76 4,756.88 5,020.15 5,294.91 5,591.81 5,899.35 - - - - 3069 8,767.65 9,249.92 9,758.66 10,295.38 10,861.57 11,458.95 - - - - 3070 8,481.86 8,948.31 9,440.47 9,959.67 10,507.50 11,085.38 - - - - 3071 7,344.38 7,747.43 8,173.47 8,623.02 9,097.29 9,597.64 - - - - 3072 6,069.28 6,405.83 6,768.01 7,125.47 7,513.27 7,934.88 - - - - 3075 6,989.27 7,373.58 7,781.16 8,207.38 8,659.14 9,134.25 - - - - 3076 5,469.55 5,768.90 6,096.03 6,426.74 6,778.56 7,153.45 - - - - 3078 3,833.50 4,039.59 4,271.31 4,500.76 4,748.78 5,007.34 - - - - 3079 8,284.24 8,742.97 9,223.92 9,729.27 10,267.31 10,829.74 - - - - 3080 5,660.58 5,960.96 6,294.02 6,643.39 7,008.78 7,394.26 - - - - 3081 4,733.71 4,992.17 5,278.62 5,556.96 5,862.05 6,177.60 - - - - 3082 7,263.00 7,661.15 8,067.60 8,520.58 8,977.04 9,476.64 - - - - 3083 4,025.65 4,238.72 4,470.43 4,710.35 4,979.36 5,247.16 - - - - 3084 5,310.93 5,603.11 5,911.22 6,236.38 6,579.34 6,941.23 - - - - 3085 5,478.31 5,779.63 6,097.44 6,432.87 6,786.66 7,159.95 - - - - 3086 4,391.31 4,632.35 4,886.21 5,155.22 5,438.18 5,736.30 - - - - 3087 5,084.20 5,363.67 5,659.44 5,970.38 6,299.87 6,645.75 - - - - 3089 3,763.60 3,973.19 4,183.99 4,412.22 4,654.39 4,917.67 - - - - 3090 6,681.91 7,049.23 7,436.89 7,846.06 8,278.00 8,733.79 - - - - 3091 4,448.39 4,699.80 4,938.58 5,223.89 5,525.50 5,814.30 - - - - 3093 4,563.59 4,815.09 5,085.33 5,357.83 5,651.34 5,960.96 - - - - 3094 5,260.91 5,550.27 5,855.55 6,177.60 6,517.36 6,875.86 - - - - 3095 5,897.56 6,221.97 6,564.17 6,925.22 7,306.04 7,707.87 - - - - 3096 6,782.23 7,155.24 7,548.78 7,963.99 8,401.99 8,864.10 - - - - 3097 7,092.60 7,482.66 7,894.19 8,328.42 8,786.49 9,269.70 - - - - 3098 6,757.46 7,129.15 7,521.18 7,934.88 8,371.28 8,831.70 - - - - 3099 8,310.62 8,767.65 9,249.92 9,758.66 10,295.38 10,861.57 - - - - 3100 8,039.62 8,481.86 8,948.31 9,440.47 9,959.67 10,507.50 - - - - 3101 6,960.16 7,344.38 7,747.43 8,173.48 8,623.02 9,097.29 - - - - 3102 7,467.87 7,876.67 8,311.00 8,767.46 9,248.41 9,759.60 - - - - 3106 3,496.41 3,688.72 3,891.60 4,105.63 4,331.44 4,569.67 - - - - 3107 4,281.86 4,507.74 4,759.32 5,036.45 5,313.45 5,605.69 - - - - 3108 6,643.39 7,003.30 7,388.65 7,789.26 8,226.03 8,676.56 - - - - 3109 6,164.79 6,502.48 6,862.39 7,238.51 7,636.66 8,059.40 - - - - 3110 5,952.85 6,266.14 6,615.51 6,986.92 7,371.19 7,776.61 - - - - 3111 4,500.76 4,756.88 5,020.15 5,294.91 5,591.81 5,899.35 - - - - 3112 5,314.79 5,607.07 5,915.56 6,241.65 6,582.92 6,946.22 - - - - 3113 3,690.23 3,883.51 4,093.19 4,335.36 4,563.59 4,827.90 - - - - 3114 4,025.65 4,238.72 4,470.43 4,710.35 4,979.36 5,247.16 - - - - 3115 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3116 4,936.13 5,207.62 5,494.03 5,796.21 6,115.00 6,451.32 - - - - 3117 5,535.37 5,839.82 6,161.01 6,499.86 6,857.36 7,234.51 - - - - 3118 5,271.79 5,561.73 5,867.63 6,190.35 6,530.82 6,890.01 - - - - 3119 4,682.47 4,933.96 5,211.18 5,494.03 5,796.21 6,115.00 - - - - 3120 6,714.41 7,080.07 7,478.32 7,884.77 8,329.65 8,777.91 - - - - Salary Range Step 01 Step 02 Step 03 Step 04 Step 05 Step 06 Step 07 Step 08 Step 09 Step 10

189 of 532

City of Glendale
Salary Exhibit A - Eff 12/1/2024 - Class Comp Updates - Pending Approval 3121 6,069.28 6,405.83 6,768.01 7,125.47 7,513.27 7,934.88 - - - - 3122 5,724.62 6,041.40 6,369.76 6,713.28 7,105.69 7,486.52 - - - - 3124 6,069.28 6,405.83 6,768.01 7,125.47 7,513.27 7,934.88 - - - - 3125 6,390.76 6,741.26 7,110.40 7,490.00 7,909.26 8,345.85 - - - - 3126 5,429.99 5,729.33 6,041.40 6,369.76 6,723.74 7,105.69 - - - - 3127 4,399.04 4,625.01 4,883.38 5,122.16 5,407.38 5,709.08 - - - - 3128 3,833.50 4,039.59 4,271.31 4,500.76 4,748.78 5,007.34 - - - - 3129 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3130 6,109.03 6,445.02 6,799.47 7,173.51 7,568.00 7,984.24 - - - - 3132 6,012.27 6,351.65 6,697.92 7,071.73 7,446.84 7,858.72 - - - - 3133 5,495.17 5,814.30 6,124.10 6,460.93 6,816.28 7,191.17 - - - - 3134 5,429.99 5,729.33 6,041.40 6,369.76 6,723.74 7,105.69 - - - - 3135 5,923.75 6,249.85 6,594.50 6,956.58 7,339.86 7,743.86 - - - - 3136 6,517.64 6,876.33 7,253.58 7,653.05 8,074.57 8,518.22 - - - - 3137 4,525.16 4,774.40 5,036.45 5,324.02 5,616.30 5,924.98 - - - - 3138 4,525.16 4,774.40 5,036.45 5,324.02 5,616.30 5,924.98 - - - - 3142 3,566.84 3,758.99 3,973.19 4,180.51 4,412.22 4,648.65 - - - - 3143 3,468.24 3,658.99 3,860.24 4,072.55 4,296.54 4,532.85 - - - - 3144 8,310.62 8,767.65 9,249.92 9,758.66 10,295.38 10,861.57 - - - - 3145 8,039.62 8,481.86 8,948.31 9,440.47 9,959.67 10,507.50 - - - - 3146 6,960.16 7,344.38 7,747.43 8,173.48 8,623.02 9,097.29 - - - - 3148 5,807.33 6,105.45 6,452.37 6,804.18 7,188.40 7,568.00 - - - - 3149 4,628.87 4,882.72 5,149.38 5,438.18 5,729.33 6,047.24 - - - - 3153 5,290.30 5,580.32 5,887.67 6,210.19 6,553.72 6,912.41 - - - - 3154 4,716.19 4,974.65 5,248.29 5,538.31 5,841.05 6,163.66 - - - - 3155 4,343.46 4,591.57 4,851.26 5,110.95 5,397.40 5,686.19 - - - - 3156 3,923.17 4,147.92 4,359.85 4,606.73 4,855.97 5,126.02 - - - - 3157 4,025.65 4,238.72 4,470.43 4,710.35 4,979.36 5,247.16 - - - - 3158 3,468.24 3,658.99 3,860.24 4,072.55 4,296.54 4,532.85 - - - - 3159 3,690.23 3,883.51 4,093.19 4,335.36 4,563.59 4,827.90 - - - - 3160 3,468.24 3,658.99 3,860.24 4,072.55 4,296.54 4,532.85 - - - - 3161 3,468.24 3,658.99 3,860.24 4,072.55 4,296.54 4,532.85 - - - - 3163 6,406.96 6,759.91 7,131.31 7,523.73 7,937.53 8,374.10 - - - - 3164 3,690.23 3,883.51 4,093.19 4,335.36 4,563.59 4,827.90 - - - - 3165 4,768.56 5,031.74 5,308.95 5,600.10 5,908.58 6,233.55 - - - - 3166 4,584.60 4,836.75 5,102.76 5,383.45 5,679.51 5,991.85 - - - - 3167 5,154.85 5,438.37 5,737.53 6,053.08 6,385.96 6,737.21 - - - - 3168 5,633.82 5,943.72 6,270.57 6,615.51 6,979.38 7,363.22 - - - - 3169 5,923.60 6,249.39 6,593.11 6,955.73 7,338.30 7,741.90 - - - - 3170 5,281.96 5,572.47 5,878.95 6,202.30 6,543.42 6,903.31 - - - - 3171 4,827.90 5,091.17 5,365.94 5,667.54 5,982.06 6,306.93 - - - - 3172 4,122.29 4,342.33 4,591.57 4,839.58 5,101.63 5,383.45 - - - - 3173 4,215.45 4,441.42 4,699.80 4,938.58 5,223.89 5,525.50 - - - - 3174 7,892.87 8,333.04 8,790.72 9,270.45 9,784.00 10,314.97 - - - - 3175 5,875.99 6,197.38 6,539.78 6,886.79 7,272.23 7,675.09 - - - - 3176 5,914.43 6,233.55 6,579.34 6,941.21 7,322.97 7,725.74 - - - - 3177 6,768.01 7,125.47 7,513.27 7,934.88 8,371.29 8,831.71 - - - - 3178 5,071.39 5,351.99 5,644.28 5,952.86 6,290.54 6,628.32 - - - - 3179 6,069.28 6,405.83 6,768.01 7,125.47 7,513.27 7,934.88 - - - - 3180 5,351.99 5,651.34 5,960.96 6,290.54 6,643.39 6,992.75 - - - - 3181 5,679.41 5,991.85 6,321.34 6,669.01 7,035.80 7,422.84 - - - - 3182 6,536.20 6,895.73 7,274.96 7,675.09 8,097.27 8,542.62 - - - - 3183 5,080.62 5,360.19 5,654.73 5,965.67 6,294.03 6,641.13 - - - - 3184 5,875.99 6,197.38 6,539.78 6,886.79 7,272.23 7,675.09 - - - - 3185 5,351.99 5,651.34 5,960.96 6,290.54 6,643.39 6,992.75 - - - - 3186 5,644.65 5,955.12 6,282.63 6,628.23 6,992.75 7,377.35 - - - - 3187 3,607.62 3,819.46 4,028.01 4,245.69 4,489.09 4,725.42 - - - - 3188 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3190 8,366.85 8,830.29 9,320.56 9,829.40 10,359.24 10,948.52 - - - - 3191 7,226.83 7,622.72 8,039.62 8,482.15 8,949.06 9,440.47 - - - - 3192 4,748.78 5,000.37 5,283.33 5,562.80 5,870.15 6,186.93 - - - - 3193 8,039.62 8,481.86 8,948.31 9,440.47 9,959.67 10,507.50 - - - - Salary Range Step 01 Step 02 Step 03 Step 04 Step 05 Step 06 Step 07 Step 08 Step 09 Step 10

190 of 532

City of Glendale
Salary Exhibit A - Eff 12/1/2024 - Class Comp Updates - Pending Approval 3194 4,654.39 4,917.67 5,188.94 5,469.55 5,768.90 6,096.03 - - - - 3195 4,004.65 4,224.78 4,458.85 4,706.86 4,958.36 5,236.70 - - - - 3196 6,877.46 7,272.23 7,675.09 8,093.22 8,529.90 9,010.86 - - - - 3198 4,122.29 4,342.33 4,591.57 4,839.58 5,101.63 5,383.45 - - - - 3199 4,500.76 4,756.88 5,020.15 5,294.91 5,591.81 5,899.35 - - - - 3201 5,188.94 5,469.55 5,768.90 6,096.03 6,426.74 6,780.82 - - - - 3202 5,254.13 5,553.38 5,843.40 6,171.76 6,513.03 6,868.23 - - - - 3203 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3205 4,500.76 4,756.88 5,020.15 5,294.91 5,591.81 5,899.35 - - - - 3206 4,620.67 4,862.94 5,129.60 5,429.99 5,721.14 6,041.40 - - - - 3208 4,122.29 4,342.33 4,591.57 4,839.58 5,101.63 5,383.45 - - - - 3209 4,406.38 4,648.65 4,910.60 5,171.43 5,457.96 5,765.41 - - - - 3210 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3211 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3212 6,390.76 6,741.26 7,110.40 7,490.00 7,909.26 8,345.85 - - - - 3213 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3214 6,390.76 6,741.26 7,110.40 7,490.00 7,909.26 8,345.85 - - - - 3215 3,626.27 3,824.17 4,036.11 4,248.04 4,494.93 4,733.71 - - - - 3216 5,047.09 5,324.77 5,617.62 5,926.58 6,252.49 6,596.39 - - - - 3217 4,423.90 4,669.66 4,928.12 5,194.78 5,474.26 5,771.16 - - - - 3218 4,122.29 4,342.33 4,591.57 4,839.58 5,101.63 5,383.45 - - - - 3219 4,834.96 5,101.63 5,382.23 5,678.09 5,990.16 6,319.74 - - - - 3221 7,467.87 7,876.67 8,311.00 8,767.46 9,248.41 9,759.60 - - - - 3222 6,253.33 6,596.86 6,960.16 7,344.38 7,747.43 8,173.47 - - - - 3223 7,977.93 8,413.48 8,885.01 9,377.65 9,888.84 10,426.87 - - - - 3224 5,846.42 6,167.99 6,507.19 6,865.12 7,242.75 7,641.09 - - - - 3225 5,644.28 5,952.86 6,266.14 6,615.51 6,986.92 7,370.00 - - - - 3226 7,482.66 7,894.19 8,328.42 8,786.49 9,269.70 9,779.57 - - - - 3227 7,187.92 7,583.26 8,000.35 8,440.32 8,904.51 9,394.32 - - - - 3229 4,790.79 5,059.71 5,347.38 5,619.88 5,929.59 6,255.72 - - - - 3230 4,122.29 4,342.33 4,591.57 4,839.58 5,101.63 5,383.45 - - - - 3231 5,891.22 6,215.24 6,557.07 6,917.71 7,298.19 7,699.59 - - - - 3232 4,936.13 5,207.62 5,494.03 5,796.21 6,115.00 6,451.32 - - - - 3233 5,254.13 5,553.38 5,843.40 6,171.76 6,513.03 6,868.23 - - - - 3234 6,719.97 7,089.59 7,479.45 7,890.80 8,324.84 8,782.72 - - - - 3235 6,390.76 6,741.26 7,110.40 7,490.00 7,909.26 8,345.85 - - - - 3236 5,658.31 5,968.02 6,295.25 6,643.39 7,009.05 7,393.36 - - - - 3237 4,122.29 4,342.33 4,591.57 4,839.58 5,101.63 5,383.45 - - - - 3238 4,025.65 4,238.72 4,470.43 4,710.35 4,979.36 5,247.16 - - - - 3239 6,335.74 6,684.21 7,051.84 7,439.69 7,848.87 8,280.56 - - - - 3240 6,253.33 6,596.86 6,960.16 7,344.38 7,747.43 8,173.47 - - - - 3241 5,244.90 5,533.60 5,838.79 6,160.08 6,500.22 6,857.68 - - - - 3242 4,500.76 4,756.88 5,020.15 5,294.91 5,591.81 5,899.35 - - - - 3243 6,253.33 6,596.86 6,960.16 7,344.38 7,747.43 8,173.47 - - - - 3244 6,427.03 6,780.54 7,153.45 7,546.90 7,962.01 8,399.92 - - - - 3245 4,917.67 5,188.95 5,469.55 5,768.90 6,096.03 6,431.32 - - - - 3246 4,635.84 4,890.82 5,162.19 5,440.54 5,743.28 6,057.60 - - - - 3247 5,356.47 5,651.07 5,961.88 6,289.79 6,635.73 7,000.69 - - - - 3248 4,928.13 5,194.78 5,474.25 5,771.16 6,088.57 6,423.44 - - - - 3249 7,550.57 7,967.47 8,395.96 8,861.75 9,350.80 9,853.89 - - - - 3250 5,972.64 6,306.93 6,652.72 7,014.89 7,406.17 7,793.97 - - - - 3252 4,025.65 4,238.72 4,470.43 4,710.35 4,979.36 5,247.16 - - - - 3254 3,995.42 4,213.10 4,441.42 4,699.80 4,938.58 5,223.89 - - - - 3255 3,607.62 3,819.46 4,028.01 4,245.69 4,489.09 4,725.42 - - - - 3256 5,788.54 6,106.91 6,442.79 6,797.14 7,170.98 7,565.39 - - - - 3257 3,952.28 4,167.70 4,406.38 4,640.45 4,887.34 5,171.43 - - - - 3258 7,226.83 7,622.72 8,039.62 8,482.15 8,949.06 9,440.47 - - - - 3259 7,467.87 7,876.67 8,311.00 8,767.46 9,248.41 9,759.60 - - - - 3260 5,085.33 5,357.83 5,660.57 5,960.96 6,294.03 6,643.39 - - - - 3261 5,290.30 5,580.32 5,887.67 6,210.19 6,553.72 6,912.41 - - - - 3262 4,716.19 4,974.65 5,248.29 5,538.31 5,841.05 6,163.66 - - - - 3263 5,290.30 5,580.32 5,887.67 6,210.19 6,553.72 6,912.41 - - - - Salary Range Step 01 Step 02 Step 03 Step 04 Step 05 Step 06 Step 07 Step 08 Step 09 Step 10

191 of 532

City of Glendale
Salary Exhibit A - Eff 12/1/2024 - Class Comp Updates - Pending Approval 3264 5,254.13 5,553.38 5,843.40 6,171.76 6,513.03 6,868.23 - - - - 3265 8,310.62 8,767.65 9,249.92 9,758.66 10,295.38 10,861.57 - - - - 3266 6,960.16 7,344.38 7,747.43 8,173.48 8,623.02 9,097.29 - - - - 3267 8,039.62 8,481.86 8,948.31 9,440.47 9,959.67 10,507.50 - - - - 3268 4,640.46 4,887.33 5,166.91 5,438.19 5,737.28 6,052.84 - - - - 3269 3,690.23 3,883.51 4,093.19 4,335.36 4,563.59 4,827.90 - - - - 3270 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3271 3,465.58 3,654.15 3,855.63 4,076.89 4,292.22 4,535.71 - - - - 3272 6,196.13 6,536.91 6,896.44 7,275.75 7,675.92 8,098.09 - - - - 3273 5,619.88 5,929.59 6,262.66 6,599.12 6,970.62 7,361.90 - - - - 3274 3,607.62 3,819.46 4,028.01 4,245.69 4,489.09 4,725.42 - - - - 3275 4,584.60 4,836.75 5,102.76 5,383.45 5,679.51 5,991.85 - - - - 3276 4,406.38 4,648.65 4,910.60 5,171.43 5,457.96 5,765.41 - - - - 3277 6,069.28 6,405.83 6,768.01 7,125.47 7,513.27 7,934.88 - - - - 3278 4,887.34 5,166.90 5,438.18 5,737.28 6,052.83 6,385.74 - - - - 3279 5,672.25 5,982.06 6,312.68 6,659.69 7,024.22 7,406.17 - - - - 3280 3,468.24 3,658.99 3,860.24 4,072.55 4,296.54 4,532.85 - - - - 3281 4,555.49 4,815.09 5,085.33 5,357.83 5,652.51 5,963.40 - - - - 3282 5,724.62 6,041.40 6,369.76 6,713.28 7,105.69 7,486.52 - - - - 3283 6,989.27 7,373.58 7,781.16 8,207.38 8,659.14 9,134.25 - - - - 3286 4,028.01 4,245.69 4,489.09 4,725.42 4,992.17 5,251.87 - - - - 3287 4,500.76 4,756.88 5,020.15 5,294.91 5,591.81 5,899.35 - - - - 3288 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3289 3,468.24 3,658.99 3,860.24 4,072.55 4,296.54 4,532.85 - - - - 3290 4,122.29 4,342.33 4,591.57 4,839.58 5,101.63 5,383.45 - - - - 3291 4,654.39 4,917.67 5,188.94 5,469.55 5,768.90 6,096.03 - - - - 3292 6,406.96 6,759.91 7,131.31 7,523.73 7,937.53 8,374.10 - - - - 3293 5,943.63 6,270.76 6,615.51 6,978.81 7,363.03 7,768.35 - - - - 3294 5,871.38 6,193.90 6,535.07 6,894.98 7,274.49 7,675.09 - - - - 3295 5,022.41 5,298.40 5,589.55 5,897.00 6,221.87 6,564.27 - - - - 3296 5,022.41 5,298.40 5,589.55 5,897.00 6,221.87 6,564.27 - - - - 3297 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3298 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3299 5,476.61 5,778.22 6,096.03 6,431.45 6,785.53 7,158.06 - - - - 3300 5,476.61 5,778.22 6,096.03 6,431.45 6,785.53 7,158.06 - - - - 3301 5,476.61 5,778.22 6,096.03 6,431.45 6,785.53 7,158.06 - - - - 3302 4,406.38 4,648.65 4,904.86 5,175.00 5,459.19 5,759.57 - - - - 3304 5,644.65 5,955.12 6,282.63 6,628.23 6,992.75 7,377.35 - - - - 3305 5,679.41 5,991.85 6,321.34 6,669.01 7,035.80 7,422.84 - - - - 3307 4,634.90 4,889.79 5,158.80 5,442.51 5,741.86 6,057.60 - - - - 3308 4,468.55 4,714.30 4,973.62 5,247.16 5,535.77 5,840.20 - - - - 3309 5,059.71 5,347.38 5,619.88 5,929.59 6,266.14 6,615.51 - - - - 3310 6,719.96 7,089.55 7,479.48 7,890.85 8,324.85 8,782.71 - - - - 3311 5,215.91 5,502.79 5,805.44 6,124.74 6,461.60 6,816.99 - - - - 3312 4,500.76 4,756.88 5,020.15 5,294.91 5,591.81 5,899.35 - - - - 3313 5,848.11 6,169.50 6,508.32 6,865.78 7,243.12 7,641.37 - - - - 3314 6,877.46 7,254.71 7,654.18 8,075.70 8,519.45 8,987.49 - - - - 3315 7,892.87 8,333.04 8,790.72 9,270.45 9,784.00 10,314.97 - - - - 3316 4,239.38 4,472.60 4,718.54 4,978.05 5,251.87 5,540.76 - - - - 3317 4,834.96 5,101.63 5,382.23 5,678.09 5,990.16 6,319.74 - - - - 3318 5,923.75 6,249.85 6,594.50 6,956.58 7,339.86 7,743.86 - - - - 3319 6,071.25 6,405.16 6,757.45 7,129.11 7,521.21 7,934.88 - - - - 3320 6,301.58 6,648.17 7,013.82 7,399.58 7,806.56 8,235.92 - - - - 3321 6,633.25 6,998.07 7,382.97 7,789.03 8,217.43 8,669.39 - - - - 3322 5,788.54 6,106.91 6,442.79 6,797.14 7,170.98 7,565.39 - - - - 3323 5,120.52 5,402.15 5,699.27 6,012.73 6,343.43 6,692.32 - - - - 3324 5,389.99 5,686.44 5,999.19 6,329.15 6,677.25 7,044.50 - - - - 3325 5,897.56 6,221.97 6,564.17 6,925.22 7,306.04 7,707.87 - - - - 3326 6,676.21 7,046.41 7,444.81 7,838.02 8,264.60 8,728.37 - - - - 3327 5,807.33 6,105.45 6,452.37 6,804.18 7,188.40 7,568.00 - - - - 3328 5,962.69 6,290.64 6,636.63 7,001.64 7,386.73 7,793.00 - - - - 3329 6,407.24 6,759.63 7,131.41 7,523.64 7,937.44 8,374.00 - - - - Salary Range Step 01 Step 02 Step 03 Step 04 Step 05 Step 06 Step 07 Step 08 Step 09 Step 10

192 of 532

City of Glendale
Salary Exhibit A - Eff 12/1/2024 - Class Comp Updates - Pending Approval 3330 6,862.49 7,239.93 7,638.12 8,058.22 8,501.42 8,969.00 - - - - 3331 4,640.46 4,887.33 5,166.91 5,438.19 5,737.28 6,052.84 - - - - 3332 4,917.67 5,188.95 5,469.55 5,768.90 6,096.03 6,431.32 - - - - 3333 4,768.56 5,031.74 5,308.95 5,600.10 5,908.58 6,233.55 - - - - 3334 5,067.41 5,346.12 5,640.15 5,950.36 6,277.63 6,622.90 - - - - 3335 5,811.23 6,130.84 6,468.04 6,823.78 7,199.09 7,595.04 - - - - 5000 4,193.35 4,424.64 4,668.09 4,925.00 5,196.36 5,482.47 5,784.34 6,102.06 6,438.02 6,792.23 5001 7,674.84 8,097.01 8,542.58 9,012.84 9,509.05 10,032.61 10,584.68 11,166.65 11,781.07 12,429.32 5002 6,526.44 6,884.98 7,263.00 7,663.14 8,084.03 8,528.33 8,997.20 9,492.14 10,014.42 10,565.21 5003 8,187.97 8,638.76 9,114.12 9,615.55 10,144.32 10,702.88 11,291.34 11,912.35 12,567.09 13,258.11 5004 5,196.36 5,482.47 5,784.34 6,102.06 6,438.02 6,792.23 7,165.88 7,560.26 7,976.57 8,414.82 5005 6,440.42 6,794.22 7,167.67 7,561.75 7,977.87 8,417.21 8,879.59 9,367.68 9,882.69 10,425.71 5007 4,915.13 5,185.99 5,471.51 5,772.88 6,090.20 6,424.56 6,778.37 7,150.52 7,543.51 7,958.33 5008 6,387.88 6,739.39 7,110.25 7,502.04 7,914.46 8,350.02 8,808.90 9,293.31 9,804.53 10,343.86 5009 5,196.36 5,482.47 5,784.34 6,102.06 6,438.02 6,792.23 7,165.88 7,560.26 7,976.57 8,414.82 5010 4,053.39 4,276.20 4,511.07 4,759.41 5,021.10 5,297.44 5,588.35 5,896.30 6,220.10 6,562.14 5011 4,423.44 4,666.89 4,923.70 5,195.16 5,481.28 5,783.14 6,100.86 6,436.73 6,791.03 7,164.68 5012 3,356.54 3,542.66 3,737.16 3,941.33 4,161.25 4,389.65 4,630.11 4,883.82 5,150.90 5,433.62 5013 5,138.74 5,421.46 5,718.74 6,034.07 6,366.35 6,717.96 7,088.91 7,476.82 7,886.35 8,320.11 5014 6,049.82 6,382.10 6,732.51 7,099.78 7,491.27 7,904.50 8,338.26 8,797.44 9,280.75 9,790.57 5015 5,416.58 5,714.36 6,029.19 6,361.06 6,711.28 7,081.04 7,470.24 7,881.47 8,314.63 8,772.22 5016 4,605.18 4,859.00 5,126.17 5,408.10 5,705.78 6,019.42 6,350.09 6,699.12 7,067.58 7,456.88 5017 4,043.82 4,265.93 4,500.21 4,747.94 5,009.04 5,284.78 5,575.29 5,881.54 6,204.84 6,546.59 5018 3,199.42 3,375.18 3,560.61 3,757.10 3,963.36 4,181.69 4,412.38 4,655.23 4,911.44 5,181.10 5019 4,192.66 4,423.44 4,667.59 4,920.11 5,190.77 5,475.89 5,777.96 6,098.17 6,434.04 6,788.04 5020 5,239.72 5,527.63 5,831.50 6,152.41 6,490.46 6,847.96 7,224.99 7,622.77 8,042.57 8,485.50 5021 6,301.24 6,647.88 7,013.95 7,399.45 7,805.80 8,235.37 8,688.08 9,166.40 9,670.34 10,202.40 5022 7,266.47 7,665.53 8,086.43 8,530.66 9,000.41 9,495.88 10,018.07 10,569.67 11,150.47 11,764.28 5023 6,794.22 7,167.67 7,561.75 7,977.87 8,417.21 8,879.59 9,367.68 9,882.69 10,425.71 10,999.14 5024 6,376.92 6,727.14 7,096.89 7,487.39 7,898.62 8,332.97 8,791.75 9,274.97 9,785.09 10,323.27 5025 6,171.95 6,511.20 6,868.69 7,246.92 7,645.99 8,066.99 8,511.12 8,979.68 9,473.85 9,994.94 5026 4,760.60 5,022.29 5,298.64 5,589.54 5,897.49 6,222.59 6,564.63 6,926.12 7,307.14 7,708.80 5027 4,215.88 4,447.77 4,691.82 4,950.52 5,222.58 5,509.39 5,811.96 6,131.67 6,468.43 6,824.73 5028 5,569.11 5,875.46 6,198.76 6,539.21 6,899.20 7,278.73 7,678.89 8,101.09 8,546.51 9,016.26 5029 4,414.77 4,657.62 4,913.83 5,183.60 5,469.11 5,770.48 6,087.70 6,422.07 6,774.68 7,146.93 5030 4,748.94 5,010.03 5,285.68 5,575.89 5,883.04 6,207.24 6,548.48 6,909.07 7,289.19 7,689.86 5031 5,876.12 6,199.77 6,540.78 6,900.38 7,279.77 7,680.30 8,103.06 8,548.26 9,018.15 9,514.13 5032 7,374.54 7,780.07 8,207.84 8,659.17 9,135.38 9,637.59 10,167.12 10,726.41 11,316.57 11,939.13 5033 6,912.57 7,293.18 7,693.69 8,116.54 8,562.85 9,034.04 9,531.23 10,055.73 10,608.77 11,192.78 5034 7,374.54 7,780.07 8,207.84 8,659.17 9,135.38 9,637.59 10,167.12 10,726.41 11,316.57 11,939.13 5035 6,912.57 7,293.18 7,693.69 8,116.54 8,562.85 9,034.04 9,531.23 10,055.73 10,608.77 11,192.78 5036 5,509.19 5,812.36 6,132.47 6,469.63 6,825.03 7,199.97 7,595.55 8,013.06 8,453.70 8,918.76 5037 4,503.79 4,752.13 5,013.82 5,290.17 5,581.07 5,887.82 6,211.62 6,553.67 6,913.95 7,293.68 5038 4,672.47 4,929.88 5,200.64 5,487.16 5,789.53 6,107.64 6,444.01 6,798.61 7,172.56 7,567.24 5039 4,972.35 5,245.61 5,534.51 5,839.37 6,161.08 6,499.93 6,856.83 7,234.46 7,632.73 8,052.94 5040 5,498.13 5,800.49 6,119.81 6,456.17 6,810.77 7,185.91 7,581.79 7,998.31 8,437.85 8,901.72 5041 4,070.13 4,293.54 4,530.41 4,779.24 5,041.54 5,318.38 5,611.08 5,919.53 6,244.92 6,588.56 5042 3,735.07 3,940.24 4,157.56 4,385.86 4,627.51 4,882.53 5,150.90 5,433.82 5,732.50 6,048.23 5043 4,327.64 4,565.60 4,816.93 5,081.61 5,360.95 5,655.94 5,966.88 6,294.67 6,640.70 7,006.27 5044 2,962.05 3,124.96 3,296.84 3,478.16 3,669.46 3,871.28 4,084.20 4,308.83 4,545.82 4,795.84 5045 5,500.82 5,803.38 6,123.10 6,459.96 6,814.96 7,189.60 7,584.98 8,002.29 8,442.83 8,907.70 5046 4,535.40 4,785.03 5,047.92 5,325.46 5,618.75 5,928.00 6,254.19 6,598.63 6,961.41 7,344.82 5047 3,833.96 4,045.11 4,267.13 4,501.40 4,749.14 5,010.23 5,286.08 5,576.48 5,882.74 6,206.14 5048 3,533.79 3,727.79 3,932.86 4,148.79 4,376.99 4,617.34 4,871.16 5,139.63 5,422.76 5,720.44 5049 5,295.85 5,587.45 5,894.90 6,219.50 6,561.14 6,922.43 7,303.05 7,704.51 8,128.01 8,574.53 5050 4,015.80 4,236.62 4,469.70 4,714.94 4,973.65 5,247.00 5,535.01 5,838.77 6,159.78 6,498.94 5051 3,847.92 4,059.27 4,282.68 4,518.25 4,767.18 5,029.47 5,306.32 5,597.72 5,906.17 6,230.36 5052 4,536.40 4,785.33 5,048.81 5,326.95 5,619.55 5,929.19 6,255.79 6,599.42 6,962.50 7,345.02 5053 3,533.49 3,727.79 3,932.96 4,149.09 4,377.39 4,617.84 4,871.56 5,139.93 5,422.86 5,721.54 5054 4,524.33 4,773.26 5,035.45 5,312.40 5,605.00 5,913.44 6,238.84 6,582.48 6,944.26 7,326.78 5055 5,198.25 5,483.57 5,784.74 6,102.86 6,437.92 6,792.53 7,166.47 7,561.15 7,976.37 8,414.72 5056 4,506.49 4,754.12 5,016.11 5,292.46 5,583.16 5,890.61 6,214.81 6,556.96 6,917.04 7,297.47 Salary Range Step 01 Step 02 Step 03 Step 04 Step 05 Step 06 Step 07 Step 08 Step 09 Step 10

193 of 532

City of Glendale
Salary Exhibit A - Eff 12/1/2024 - Class Comp Updates - Pending Approval 5057 6,690.94 7,059.41 7,448.20 7,857.34 8,289.21 8,745.00 9,225.92 9,733.15 10,269.09 10,834.51 5058 8,404.05 8,865.83 9,353.92 9,868.33 10,411.46 10,984.48 11,588.62 12,225.60 12,898.01 13,607.40 5059 5,975.81 6,304.84 6,651.99 7,017.37 7,403.72 7,811.06 8,240.76 8,694.30 9,173.06 9,677.04 6000 16,528.95 17,438.04 18,397.14 19,408.98 20,476.47 21,602.67 - - - - 6001 14,956.90 15,779.52 16,647.40 17,563.01 18,528.97 19,548.06 - - - - 6002 13,300.59 14,032.12 14,803.89 15,618.11 16,477.10 17,383.34 - - - - 6003 17,788.22 18,766.57 19,798.73 20,887.66 22,036.47 23,248.48 - - - - 6004 16,095.26 16,980.49 17,914.42 18,899.72 19,939.21 21,035.86 - - - - 6005 14,311.57 15,098.70 15,929.13 16,805.23 17,729.52 18,704.64 - - - - 6100 7,821.44 8,243.52 8,688.11 9,157.46 9,651.58 10,172.71 - - - - 6101 8,568.80 8,997.64 9,447.86 9,920.59 10,416.95 10,938.08 - - - - 6102 9,280.15 9,706.73 10,153.58 10,620.68 11,109.17 11,620.17 - - - - 6103 9,369.07 9,800.15 10,251.50 10,723.10 11,216.09 11,731.59 - - - - 6104 8,885.08 9,364.57 9,869.94 10,403.45 10,965.10 11,557.13 - - - - 6105 9,644.83 10,126.56 10,633.06 11,164.32 11,722.59 12,309.00 - - - - 6106 10,400.07 10,971.85 11,575.14 12,212.20 12,884.16 13,593.25 - - - - 6107 11,169.95 11,739.47 12,338.27 12,967.45 13,629.27 14,324.86 - - - - 6108 7,821.44 8,243.52 8,688.11 9,157.46 9,651.58 10,172.71 - - - - 6109 8,568.80 8,997.64 9,447.86 9,920.59 10,416.95 10,938.08 - - - - 6110 9,280.15 9,706.73 10,153.58 10,620.68 11,109.17 11,620.17 - - - - 6111 9,369.07 9,800.15 10,251.50 10,723.10 11,216.09 11,731.59 - - - - 6112 8,885.08 9,364.57 9,869.94 10,403.45 10,965.10 11,557.13 - - - - 6113 9,644.83 10,126.56 10,633.06 11,164.32 11,722.59 12,309.00 - - - - 6114 10,400.07 10,971.85 11,575.14 12,212.20 12,884.16 13,593.25 - - - - 6115 11,169.95 11,739.47 12,338.27 12,967.45 13,629.27 14,324.86 - - - - 6200 6,902.99 - - - - - - - - -
7000 16,788.30 17,710.86 18,686.47 19,715.12 20,799.29 21,839.25 23,040.41 - - - 7001 15,296.43 16,139.42 17,027.02 17,962.84 18,950.57 19,898.11 20,992.50 - - - 7002 12,868.92 13,577.96 14,324.42 15,111.90 16,263.70 17,076.88 18,016.11 - - - 7100 7,879.59 8,314.30 8,770.91 9,253.12 9,760.94 10,299.12 10,762.58 - - - 7101 10,150.53 10,710.70 11,298.76 11,920.99 12,576.15 13,267.87 13,864.92 - - - 7200 7,879.59 - - - - - - - - -
8000 17.04 17.98 18.97 - - - - - - -
8001 24.50 26.62 - - - - - - - -
8002 26.88 28.36 29.92 - - - - - - -
8003 35.00 - - - - 115.28 - - - -
8004 20.34 - - - - - - - - -
8005 25.68 - - - - - - - - -
8006 17.84 18.82 19.85 - - - - - - -
8007 20.34 21.47 22.65 - - - - - - -
8008 17.04 17.98 18.97 20.01 - - - - - -
8009 16.00 - - - - 34.99 - - - -
8012 17.04 17.98 - - - - - - - -
8013 17.04 17.98 18.97 - - - - - - -
8014 18.11 19.10 20.15 - - - - - - -
8015 20.66 21.79 22.99 - - - - - - -
8016 23.57 24.86 26.22 - - - - - - -
8017 17.04 17.98 18.97 20.01 21.11 22.27 - - - -
8018 17.04 17.98 18.97 20.01 - - - - - -
8019 30.67 32.36 34.14 - - - - - - -
8021 17.30 18.25 19.25 - - - - - - -
8022 19.73 20.82 21.97 - - - - - - -
8023 22.51 23.75 25.06 - - - - - - -
8024 25.68 27.09 28.58 - - - - - - -
8026 36.90 - - - - - - - - -
8027 17.30 18.25 19.25 20.31 21.42 - - - - -
8028 19.73 20.82 21.97 - - - - - - -
8029 22.51 23.75 25.06 - - - - - - -
8031 17.30 18.25 19.25 - - - - - - -
8033 19.46 20.53 21.65 - - - - - - -
8039 16.00 - - - - 34.99 - - - -
Salary Range Step 01 Step 02 Step 03 Step 04 Step 05 Step 06 Step 07 Step 08 Step 09 Step 10

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GLENDALE CITY HALL

GLENDALE CITY HALL

THE JEWEL CITY

I NCORPOR AT ED
1 906

CITY OF GLENDALE, CALIFORNIA
Fiscal Year Ended June 30, 2024
ANNUAL

COMPREHENSIVE

FINANCIAL REPORT
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The City of Glendale is a dynamic center for cultural and community events, offering a rich variety of activities throughout the year. From vibrant street festivals to seasonal markets, Glendale’s event calendar is brimming with opportunities for residents and visitors to connect and celebrate.

A standout among these events is the Summer Concerts series, which transforms local parks into lively music venues. Throughout the summer, these concerts feature an eclectic lineup of musical acts—from jazz and rock to classical and pop—catering to every musical taste. Residents can enjoy the outdoors, bask in the evening breeze, and share a picnic while listening to live music.

Adding to Glendale’s allure is the Annual Cruise Night. This year, the city proudly marked the 29th Annual Cruise Night, transforming Brand Boulevard into a vibrant showcase of automotive culture and community spirit. The event attracted thousands of car enthusiasts and curious onlookers, all eager to admire an impressive display of classic and modified vehicles.

In addition, the Community Services & Parks Department annually celebrates Older Americans Month with a special event known as Senior Street Fest and 90Plus Birthday Celebration. This event pays tribute to the invaluable contributions of our senior community members, offering a day filled with lively entertainment, engaging activities, and heartfelt recognition. The Fall Festival, celebrating its 20th anniversary this year, welcomed autumn with a pumpkin patch, carnival games, arts and crafts, and a rock-climbing wall, creating a festive atmosphere perfect for families and friends to enjoy.

Together, these events embody the spirit of Glendale—where community, culture, and celebration come together to create lasting memories.

ANNUAL COMPREHENSIVE FINANCIAL REPORT
Fiscal Year Ended June 30, 2024
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City of Glendale, California
City Council
November 2024
Elen Asatryan
MAYOR
Ara Najarian

COUNCILMEMBER
Ardy Kassakhian

COUNCILMEMBER
Daniel Brotman

COUNCILMEMBER
Vartan Gharpetian

COUNCILMEMBER
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Prepared by the Finance Department - Accounting Section Michele Flynn, Interim Director of Finance
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City of Glendale, California
Table of Contents
Exhibit
Page

INTRODUCTORY SECTION
(Not Covered by Independent Auditors’ Report)
Letter of Transmittal ...................................................................... i Officials of the City of Glendale ..................................................... xiii Organizational Chart of the City of Glendale ................................ xiv Certificate of Achievement for Excellence in Financial Reporting.. xv

FINANCIAL SECTION
Independent Auditors’ Report
....................................................... 1 Managementʼs Discussion and Analysis ...................................... 5 Basic Financial Statements:

Government-wide Financial Statements:

Statement of Net Position ................................................ Exhibit A-1 21 Statement of Activities ...................................................... Exhibit A-2 23 Fund Financial Statements:

Balance Sheet – Governmental Funds ............................ Exhibit B-1 27 Reconciliation of Balance Sheet to the Statement of
Net Position ................................................................. Exhibit B-2 29 Statement of Revenues, Expenditures, and Changes in
Fund Balances – Governmental Funds ..................... Exhibit C-1 31 Reconciliation of the Statement of Revenues,
Expenditures, and Changes in Fund Balances to
the Statement of Activities ......................................... Exhibit C-2 32 Statement of Revenues, Expenditures, and Changes in
Fund Balances – Budget and Actual –
General Fund ............................................................. Exhibit D-1 33 Statement of Revenues, Expenditures, and Changes in
Fund Balances – Budget and Actual –
Housing Assistance Fund ........................................... Exhibit D-2 34 Statement of Net Position – Proprietary Funds ............... Exhibit E-1 37 Statement of Revenues, Expenses, and Changes in
Net Position – Proprietary Funds .............................. Exhibit E-2 39 Statement of Cash Flows – Proprietary Funds ................ Exhibit E-3 40 Statement of Fiduciary Net Position – Fiduciary Funds ... Exhibit F-1 45 Statement of Changes in Fiduciary Net Position –
Fiduciary Funds .......................................................... Exhibit F-2 46 199 of 532

Notes to the Basic Financial Statements:

N o t e Page
(1) Summary
of Significant Accounting Policies ..................... 47 (2) Stewardship, Compliance , and Accountability .................. 57 (3) Cash and Investments ...................................................... 59 (4) Loans Receivable .............................................................. 67 (5) Interfund Transa ctions ...................................................... 69 (6) Capital Asse ts ................................................................... 70 (7) Long-Term Debt ................................................................ 72 (8) Pension Plans ................................................................... 80 (9) Other Post Employment Benefits Than Pensions (OPEB) 90 (10) Net Deficits of I ndividual Funds ........................................ 93 (11) Risk Management ............................................................. 94 (12) Contingent Liabilities and Commitments ........................... 95 (13) Jointly Governed Organizations ........................................ 96 (14) Pronouncements Issued But Not Yet Implemented .......... 102 (15) Implementation of Pronouncements ................................. 102 (16) Subsequent Events ........................................................... 102 Require
d Supplementary Information:

Schedule of Changes in Net Position Liability and Related ...........

Ratios – Miscellaneous Plan ................................................... 103 Schedule of Changes in Net Position Liability and Related ...........

Ratios – Safety Plan ................................................................ 105 Schedule of Pension Plan Contributions – Miscellaneous Plan .... 107 Schedule of Pension Plan Contributions – Safety Plan ................. 109 Schedule of Changes in Total OPEB Liability and Related ...........

Ratios ....................................................................................... 111 200 of 532

Exhibit Page
Co
mbining and Individual Fund Statements:

Combining Governmental Balance Sheet –
Nonmajor Governmental Funds ............................................. Exhibit G-1 113 Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances –
Nonmajor Governmental Funds .............................................. Exhibit G-2 114 Combining Balance Sheet –
Nonmajor Special Revenue Funds ........................................ Exhibit H-1 117 Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances –
Nonmajor Special Revenue Funds ......................................... Exhibit H-2 127 Schedule of Revenues, Expenditures, and Changes in
Fund Balances – Budget and Actual –
Nonmajor Special Revenue Funds ......................................... Exhibit H-3 137 Combining Balance Sheet –
Nonmajor Debt Service Funds ............................................... Exhibit I-1 175 Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances –
Nonmajor Debt Service Funds ................................................ Exhibit I-2 176 Schedule of Revenues, Expenditures, and Changes in
Fund Balances – Budget and Actual –
Nonmajor Debt Service Funds ................................................ Exhibit I-3 177 Combining Balance Sheet –
Nonmajor Capital Projects Funds ........................................... Exhibit J-1 181 Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances –
Nonmajor Capital Projects Funds ........................................... Exhibit J-2 184 Combining Statement of Net Position –
Nonmajor Enterprise Funds .................................................... Exhibit K-1 189 Combining Statement of Revenues, Expenses, and
Changes in Net Position –
Nonmajor Enterprise Funds .................................................... Exhibit K-2 190 Statement of Cash Flows –
Nonmajor Enterprise Funds .................................................... Exhibit K-3 191 Combining Statement of Net Position –
Internal Service Funds ............................................................ Exhibit L-1 195 Combining Statement of Revenues, Expenses, and
Changes in Net Position –
Internal Service Funds ............................................................ Exhibit L-2 199 Statement of Cash Flows –
Internal Service Funds ............................................................ Exhibit L-3 203 Combining Statement of Fiduciary Net Position –
Custodial Funds ...................................................................... Exhibit M-1 209 Combining Statement of Changes in Fiduciary Net
Position – Custodial Funds .................................................... Exhibit M-2 210 201 of 532

Sched ule Page

STATISTICAL SECTION
(Not Covered by Independent Auditors’ Report)
Net Position by Component .......................................................... Schedule 1 211 Changes in Net Position ................................................................ Schedule 2 212 Fund Balances of Governmental Funds ....................................... Schedule 3 218 Changes in Fund Balances of Governmental Funds .................... Schedule 4 220 Electric Revenue by Type of Customers ....................................... Schedule 5 222 Electric Rates ................................................................................ Schedule 6 224 Principal Electric Payer Groups .................................................... Schedule 7 225 Assessed Value and Actual Value of Taxable Property ............... Schedule 8 226 Direct and Overlapping Property Tax Rates ................................. Schedule 9 227 Principal Property Tax Payers ...................................................... Schedule 10 229 Property Tax Levies and Collections ............................................ Schedule 11 230 Ratios of Outstanding Debt by Type ............................................. Schedule 12 231 Direct and Overlapping Governmental Activities Debt .................. Schedule 13 233 Legal Debt Margin Information ...................................................... Schedule 14 234 Pledged-Revenue Coverage ......................................................... Schedule 15 235 Demographic and Economic Statistics ......................................... Schedule 16 237 Principal Employers ...................................................................... Schedule 17 238 Authorized Salaried Positions by Department .............................. Schedule 18 239 Operations Indicators by Function/Program ................................. Schedule 19 241 Capital Asset Statistics by Function/Program ............................... Schedule 20 245 202 of 532

INTRODUCTORY SECTION
The Introductory Section of the Annual Comprehensive
Financial Report provides general information of the City of Glendale, California’s structure and its personnel, as well as information useful in assessing the City’s financial condition.

This section includes:
• Letter of Transmittal
• City’s Organizational Chart and List of Principal Officials • Government Finance Officer Association Certificate of Achievement for Excellence in Financial Reporting
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i

THEJEWELCITYI N C O R P O R A T E D1 9 0 6CITY OF GLENDALE, CALIFORNIA Fin an ce141 N. Glen dale Ave., Su ite 346 Glen d ale, CA 91206-4975 Tel. (818) 548-2085 Fax (818) 956-3286 glen daleca.go v

November 19, 2024

To the Honorable Mayor, Members of the City Council
and the Citizens of the City of Glendale, California:

It is our pleasure to submit the Annual Comprehensive Financial Report of the City of Glendale (the City) for the fiscal year ended June 30, 2024.

This report consists of management’s representations concerning the finances of the City. Responsibility for both the accuracy of the data, and the completeness and fairness of the presentation, including all disclosures, rests with the City’s management. To provide a reasonable basis for making these representations, management has established a comprehensive internal control framework that is designed to both protect the City’s assets from loss, theft, or misuse, and compile sufficient reliable information for the preparation of the City’s financial statements in conformity with Generally Accepted Accounting Principles (GAAP). Because the cost of internal controls should not outweigh their benefits, internal controls have been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatements. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects.

GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The City of Glendale’s MD&A can be found immediately following the independent auditors’ report.

The financial reporting entity includes all the funds of the primary government (The City of Glendale), as well as all of its component units. Component units are legally separate entities for which the primary government is financially accountable. Blended component units, although legally separate entities, are in substance, part of the primary government. Accordingly, the Glendale Housing Authority and the Glendale Municipal Financing Authority are reported in the appropriate funds of the City’s financial report.

Profile of the City of Glendale

The City of Glendale is located northeast of Los Angeles in the foothills of the San Gabriel Mountains. The City was incorporated on February 16, 1906 under the general laws of the state of California. The City Charter was adopted on March 29, 1921. The City provides the full range of municipal services. This includes police, fire, emergency medical services, streets, refuse collection, sewer, hazardous disposal, electric, water, parking, parks and recreation, library, public improvements, planning, zoning, housing, community development and administrative services.

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Noted for its high quality of life and fiscal stability, Glendale is the fourth largest city in Los Angeles County, encompassing 30.6 square miles and serving over 191,000 residents. The City operates under a council- manager form of government, with a five-member council elected at large to four-year overlapping terms, in addition to an elected City Clerk and City Treasurer. The mayor is elected by the City Council for a one- year term and is the presiding officer of the Council. The City Council is responsible for passing ordinances, adopting the budget, appointing various boards and commissions, and hiring the City Manager and City Attorney. The City Manager is responsible for carrying out the policies and ordinances of the Council, for overseeing the day-to-day operations of the City, and for appointing the heads of the various departments.

Factors Affecting the Glendale Economy

The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which the City of Glendale operates.

The Local Economy – Continued capital investment is seen throughout the City through business expansion and business attraction to Glendale’s central location, public safety record, and robust business environment. Implementing the Glendale Tech Strategy continues to strengthen local tech firms such as Service Titan, Age of Learning, EVITE, Legal Zoom, DISQO, Cisco Systems, Phonexa, dot818, and Beyond Limits. Also of note are Glendale’s regional shopping centers, the Glendale Galleria, Americana at Brand, Montrose Shopping Park, and Brand Boulevard of Cars. Several recently completed development projects provide approximately 3,500 new residential units and thousands of square feet of commercial development. Holiday Inn Express Glendale joins top-performing hotels like Embassy Suites by Hilton, The Glenmark, Residence Inn by Marriot, and Hyatt Place Glendale. Hotel Indigo is currently under construction and is due to be completed by 2025. The opening of the new hotels demonstrates that hotels are supported by a solid leisure travel renaissance post-COVID 19. Business travel has slowed but signs indicate upward trends for 2024 and beyond. Such investments by the business community indicate continued confidence in Glendale. Glendale’s economy is one of the most diverse within the Los Angeles region primarily due to a healthy mix of business and industry that operates within its borders.

Economic Development Highlights – The City focuses on collaborative strategies to create jobs, generate revenue, support entrepreneurs, and improve the quality of life for residents, the business community, and visitors to Glendale. Throughout the years, the City has encouraged economic development through proactive efforts to target and attract businesses, reduce Class A office vacancies, provide support to existing businesses through concierge services, support workforce development programs operated by the Verdugo Jobs Center, promote City-wide branding and marketing efforts, and adopt strategic planning methods. Economic Development accomplishments for FY 2023-24 were focused on four main goals:

1. Asset Management – Glendale actively employs ways to provide additional value to City assets through proactive, profitability-focused management practices. The priority was to achieve the highest and best use of City facilities through an effective asset management strategy.

Accomplishments include:

 The implementation of Artsakh Creative, a rotating retail pop-up program in the City-owned commercial spaces located at 117-131 N. Artsakh Avenue. During FY 2023-24, the following retailers participated in the program:

 Union Jack’s Tea – an LGBTQ+ woman-owned business dedicated to selling loose tea, plants, and imported goods from the United Kingdom.
 The Glendale Room – a comedy/improv/podcast center by day and a performance venue by night. The LA Times has referred to it as “the coziest space for comedy in all of LA County.
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iii

 Rolling Robots Innovation Lab – a robotics and coding academy specializing in programs for ages 5 to 17.
 Paperback Brewing Artsakh – a tap room offshoot of Paperback Brewing Los Angeles, located in an industrial section of Glendale.

Two new businesses will join the program in Fall 2024 as Union Jack’s Tea and Rolling Robots Innovation Lab rotate out of the program.

2. Business Attraction – The City of Glendale is committed to attracting business and investment to Glendale to create a diverse economy. This is done through Business Concierge services and fast- track permitting, broker relationships, site selection assistance, utility consultation, and connecting potential businesses with resource marketing campaigns and support. Accomplishments in business attraction include:

 Glendale Tech Week 2023 returned for its seventh year attracting over 2,000 local and regional attendees. Events featured a job fair, educational panels, and signature events to network with stakeholders and community partners in the tech and innovation ecosystem as well as presented an opportunity to celebrate the innovation throughout the Los Angeles region.

 In FY 2023-2024, Glendale’s Economic Development team continued to build on the city's vision of becoming an 18-hour city by supporting the successful opening of several new businesses.

Notable additions to the retail and dining landscape include Katsin, L’Avenue, Greek Bistro, Bath & Body Works, Mango, Converse, Robert Graham NYC, and Umi by Eden. Further enhancing Glendale’s status as a hub for innovation, tech company EVITE has also opened its doors, joining a growing roster of thriving technology firms in the city. Looking ahead to FY 2024-2025, even more exciting businesses are scheduled to open, including the highly anticipated Erewhon.

3. Business Services – Recognizing that most job growth in any community is generated by the businesses already located there, Glendale focuses on services to businesses to propel economic growth. Efforts this past year continued to be centered around helping businesses remain open and prosper in a post COVID-19 economic climate. Accomplishments include:

 The Business Concierge Team finalized the design concept to implement a permanent Al Fresco Program in the Downtown Glendale to allow the expansion of outdoor restaurant dining. The outdoor dining “parklets” in the Montrose Shopping Park continued to draw clients and boost revenue for restaurants in that neighborhood.

 The City of Glendale hosted its second annual “Let’s Grow Glendale” Small Business Summit on May 2, 2024, nearly doubling the attendance from the previous year. This event showcased our unwavering support for small businesses and featured a series of breakout sessions on curated topics to support business growth.

 The City of Glendale extended its contract with the California Employers Association (CEA) to provide a new free Human Resources Hotline and a series of trainings to assist local employers with Human Resources (HR) issues. The hotline has assisted local businesses in minimizing their HR-related liabilities by a total of $3,000,000 in total exposure during FY 2023-24. This was achieved by addressing nearly 100 calls covering topics such as benefits, hiring, leave laws/ADA/FEHA, termination, and wage laws.

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iv

4. T
ourism Initiative – Positioning Glendale as a tourism hub for Southern California is a part of our Three-Year Economic Development Strategic Plan. To capt ure a portion of the tourism dollars that
will be flowi
ng into the region as Los Angeles hosts the 2026 World Cup soccer matches, 2027 Super Bowl, and 2028 Summer
Olympic and Paralympic Games, staff have worked to strengthen partnerships with retailer
s and hotel operators, create printed advertisements to showcase Glendale as a destina
tion city, and partner with Visit Widget to develop a Visit Glendale app in FY 2023-24.

Plans for th
e coming year include the debut of Glendale’s first-ever tourism video.

Employment – According to the data obtained from the California State Department of Finance Demographic Research Unit, the population for the City of Glendale as of January 1, 2024 is 191,586, representing a year over year increase of 0.16%. However, the City of Glendale remains the fourth largest city in the Los Angeles Basin and ranks 24 in California. As of July 2024, the Glendale labor force includes 103,200 residents (16 years of age or over), an increase of 1,500 workers from August 2023, as noted by the Employment Development Department Labor Market Information Division (EDD-LMID). Overall, the City of Glendale has lost 2,400 workers from its labor force since the beginning of the pandemic (March 2020), representing 2.3% of its labor force.

According to 2022 U.S. Census, American Consumer Survey (ACS) One-Year Estimates, occupational employment data shows the following results for residents of Glendale:
 45,873 Glendale residents were employed in management, business, arts, or science occupatio ns

18,556 were employed in sales and office occupations

15,624 were employed in service occupations

6,367 were employed in production and transportation

4,971 were employed in natural resources, construction, and maintenance occupations The median household income for Glendale residents record ed at $77,483, and the poverty rate is at

13.0%, according to 2022 U.S. Census, American Consumer Survey One-Year Estimates. In comparison, Glendale holds a lower median income than Los Angeles County which records $82,516 median income and lower than California at $91,551 median income. Glendale’s poverty rate is lower than Los Angeles County with a 13.9% poverty rate but is higher than California’s rate of 12.2% poverty rate. 207 of 532

v
Median Household Income Comparison
2022 U.S. Census ACS, One-Year Estimates
Poverty Rate Comparison
2022 U.S. Census ACS, One-Year Estimates
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
Glendale Los  Angeles
County
California USA

11.00%

11.50%

12.00%

12.50%

13.00%

13.50%

14.00%

14.50%
Glendale Los  Angeles County California USA
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vi
Unemployment Levels – Due to the economic impact of t
he COVID-19 pandemic that started in
March 2020, Glendale’s unemployment peaked in May 2020 at 21.7%, which was double the peak rate during the Great Recession (December 2007 to June 2010). The unemployment rate declined to 10.2% in August 2021. Recovery from the impact of the pandemic continued and as of August 2023, the unemployment rate for Glendale was 5.8%. Glendale continued its decline ranging from 4.2% through 6% through 2024, recording a 4.3% in April 2024. However, by June 2024, the unemployment rate jumped to

5.7% and again in July 2024 with a 6.2% unemployment rate. While much lower than the peak rate recoded in May 2020 of 21.7%, Glendale has yet to reach its pre-pandemic unemployment of 3.9% and the increases over the past two months may continue as the overall economy continues its projected decline.

Glendale’s unemployment is slightly lower than the Los Angeles County rate (6.5%) recorded for July 2024; however, is significantly higher than California (5.8%) and the national rate of 4.3%.

Industry Employment Status – According to Dunn & Bradstreet, the top industries by employment are identified for 2024. The top seven Glendale industries are:

Industry Employment Median Annual
Salary

1. Healthcare 19,483 $52,005

2. Professional Services 10,640 $113,954

3. Retail 10,488 $42,687

4. Public Administration / Educational Service 10,338 $75,319

5. Eating & Dining 7,935 $25,702

6. Other Services 6,155 $47,126

7. Information Based Industries 5,823 $132,040
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vii

Fastest Growing Occupations – Current EDD-LMID projections delineate the 2020-2030 projections with the top 25 fastest growing occupations based on the highest percentage change in Los Angeles County.

The table delineates the numeric and percentage increase.

Occupational Title Numeric
Change
Percentage
Change

1. Gamin g Surveillance Officers and Gaming Investigators 120 100.0%

2. Firs t-Line Supervisors of Gambling Services Workers 190 100.0%

3. Cooks, Restauran t 26,330 78.6%

4. Fitness Trainers and Aerobics Instructors 4,730 69.2%

5. Massa ge Therapists 1,840 68.4%

6. Barbers 340 56.7%

7. Nurse Practitioners 2,160 55.8%

8. Chefs and Head Cooks 2,260 55.5%

9. Firs t-Line Supervisors of Food Preparation and Serving Workers 12,010 44.7%

10. Computer and Information Research Scientists 300 42.3%

11. Statisticians 310 41.9%

12. Food Service Managers 5,090 40.2%

13. Logisticians 2,390 37.5%

14. Music Directors and Composers 540 36.5%

15. Information Security Analysts 970 36.3%

16. Physical Therapist Assistants 530 36.3%

17. Musicians and Singers 1,160 36.0%

18. Skincare Specialists 970 35.8%

19. Medical and Health Services Managers 4,580 35.1%

20. Meeting, Convention, and Event Planners 1,300 34.8%

21. Self-Enrichment Education Teachers 3,330 34.2%

22. Market Research Analysts and Marketing Specialists 9,570 33.4%

23. Economists 160 33.3%

24. Agents and Business Managers of Artists, Performers, and Athletes 2,600 32.7%

25. Lodging Managers 450 32.6%

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viii
Housing – Based on th
e “2024 Assessed Values Report” issued by the Los Angeles Office of the Assessor, Glendale experienced a net taxable property value increase of 4.7%, which was slightly less than the increase experienced countywide at 4.8%. According to the City’s property tax consultant, HdL, Glendale’s attached single-family housing market showed a decrease in sales volume (number of units sold) and a decrease in average sales price, from $725,410 in FY 2022-23 to $707,173 in FY 2023-24.

The detached single-family sales showed an increase in sales volume (number of units sold) and an increase in average price, from $1,437,393 in FY 2022-23 to $1,471,534 in FY 2023-24. $725,410
$1,437,393
$707,173
$1,471,534
Attached Single Family Detached Single Family
Attached/Detached Single Family Average Sales Price
(Year Ending June 30)
2023 2024
287
500
276
520
Attached Single Family Detached Single Family
Attached/Detached Single Family Sales (in units)
(Year Ending June 30)
2023 2024
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ix
Long-term Financial Planning and Major Initiatives
In March 2023, the City Council held a governance workshop to discuss best practices, governance norms, and review and establish a consensus on priorities for the FY 2023-24 Workplan. The workplan that resulted from the workshop identifies various projects, programs, and initiatives beyond the regular workload, intended to execute the Council’s four highest priority areas that were identified below. With the FY 2024-25 adopted budget, the City Council continues to carry out these priorities:

As Glendale continues to streamline its operations and enhance its quality of service, the City must maintain balance by looking at long-term sustainability, closely monitoring cost-drivers, and adapting to changes.

The City’s continued goal is to restore, build, and maintain the programs, infrastructure, and services, and not revert to traditional patterns and processes. With the City Council’s vision and a team of high-quality, ethical professionals, the City will continue to provide exceptional customer service and uphold the quality of life that is unique to Glendale.

The City Council has also requested that the City continue making strategic capital investments in the community that align with the Council’s priorities stated above. Some of these planned capital improvements include:
 Restoring and preserving the Doctors House by addressing structural vulnerabilities, termite remediation, and modernizing systems
 Replacing Glorietta Park field lights with LED
 Investing in land acquisition for the expansion of existing parks or development of new parks  Addition of private dorms, kitchen remodels, and new roll up doors at multiple fire stations  Construction of a parking deck, photo-voltaic canopy, and installation of electrification infrastructure for the conversion to battery-electric buses
 Pavement condition improvement project to maintain the current Pavement Condition Index  Major Glendale Water & Power projects in electrification, distribution, and transmission  Various pedestrian safety projects throughout the City  Cleaning and inspecting Citywide sewer lines
 Capital improvements for capturing and treating stormwater 212 of 532

x

These projects, in addition to regular maintenance of City-owned facilities, streets, parkway trees, sewers, parklands, and water and power equipment, are just a sample of the many City improvements planned in FY 2024-25 and echo the City Council’s sense of responsible stewardship over community assets. In the City, departments work together to achieve one main goal: a community that is safe, prosperous, and rich in cultural offerings. There is no one way to do it – but in Glendale, it means teamwork and effective communication between departments, a combination of people and skills, and community support.

In recent years, forecasting has taken a crucial role in Glendale’s budget planning, prompting the City to make appropriate budget adjustments during the year to successfully meet upcoming challenges. During the FY 2024-25 budget study sessions, a Five-Year General Fund Forecast was presented to the City Council. As always, many variables were taken into consideration including but not limited to historical trends, economic forecasts, and use of consultants for major revenue sources such as property and sales taxes. Based on this information, revenue estimates are conservative and assume no future voter- approved revenue increases or potential new tax revenue from new businesses relocating to Glendale.

Expenditure estimates factored in increases for major cost drivers such as cost of living adjustments, PERS, medical benefits, capital improvement projects and internal services. Below is a graph that depicts the City’s most recently updated five-year forecast:

Independent Audit
The City’s financial statements have been audited by the firm of CliftonLarsonAllen LLP, a public accounting firm fully licensed and qualified to perform audits of local governments within the State of California. The goal of the independent audit was to provide an opinion on whether the financial statements of the City of Glendale, California for the fiscal year ended June 30, 2024, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in 213 of 532

xi

the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the City of Glendale, California’s basic financial statements for the fiscal year ended June 30, 2024, are fairly presented in conformity with GAAP. The independent auditors’ report is presented as the first component of the financial section of this report. Their unmodified opinion on the City’s basic financial statements is included within this report.

The independent audit of the financial statements of the City is part of a broader, federally mandated “Single Audit” designed to meet the special needs of Federal grantor agencies. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the audited government’s internal controls and other financial reporting and compliance with legal requirements, and on compliance and internal control over compliance for each major federal program selected. These reports are available in the City’s separately issued Single Audit Report.

Award

The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City for its annual comprehensive financial report for the past twenty-nine fiscal years ended June 30, 1995 through June 30, 2023. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government financial reports.

In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized Annual Comprehensive Financial Report, whose contents conform to program standards. Such Annual Comprehensive Financial Report must satisfy both Generally Accepted Accounting Principles and applicable legal requirements. This award is valid for a period of one year. The City believes the current annual comprehensive financial report continues to meet the Certificate of Achievement for Excellence requirements and will be submitting it to GFOA to determine its eligibility for another certificate.

Acknowledgments

The preparation of this Annual Comprehensive Financial Report was made possible by the dedicated service of the entire staff of the Finance Department, especially the Accounting section. Each member of the department has my sincere appreciation for their contribution in the preparation of this report.

In closing, without the leadership and support of the Glendale City Council and the City Manager, the preparation of this report, as well as the favorable financial results of the past year, would not have been possible.

R

ESPECTFULLY SUBMITTED,

MICHELE FLYNN

INTERIM DIRECTOR OF FINANCE
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215 of 532

OFFICIALS OF THE CITY OF GLENDALE
Administration and Executive Management Team
City Manager
Assistant City Manager
City Clerk
Chief Human Resources Officer
Chief Innovation Officer
Chief Information Officer
Director of Community Services & Parks
Director of Community Development
Police Chief
Fire Chief
Interim Director of Finance
City Attorney
Director of Public Works
City Treasurer
Acting Director of Library, Arts & Culture
Interim General Manager of Glendale Water & Power
Roubik Golanian
John Takhtalian
Suzie Abajian
Paula Adams
Elena Bolbolian
Jason Bradford
Onnig Bulanikian
Bradley Calvert
Manuel Cid
Greg Fish
Michele Flynn
Michael J. Garcia
Daniel Hernandez
Rafi Manoukian, CPA
Lessa Pelayo-Lozada
Manuel Robledo
City of Glendale, California November 2024
xiii
216 of 532

City of Glendale, California

ORGANIZATIONAL CHART
Electorate
City Council City Treasurer
City Manager
Finance Community
Development
Glendale
Water & Power
Library, Arts &
Culture Police Public Works
Human
Resources
Information
Technology
Community
Services & Parks Fire
City Attorney
Boards & Commisions
City Clerk
xiv
217 of 532

CERTIFICATE OF ACHIEVEMENT FOR

EXCELLENCE IN FINANCIAL REPORTING
The Government Finance Officers Association of
the United States and Canada (GFOA) awarded
a Certificate of Achievement for Excellence in
Financial Reporting to the City of Glendale for
its annual comprehensive financial report for
the fiscal year ended June 30, 2023. This was the
29th consecutive year that the City of Glendale
has achieved this prestigious award. In order
to be awarded a Certificate of Achievement, a
government must publish an easily readable
and efficiently organized annual comprehensive
financial report. This report must satisfy both
generally accepted accounting principles and
applicable legal requirements.

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

Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Glendale
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2023
Executive Director/CEO
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eft blank intentionally.
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219 of 532

FINANCIAL SECTION
The Financial Section of the Annual Comprehensive Financial Report contains the following:
• Independent Auditors’ Report
• Required Supplementary Information -
Management’s Discussion and Analysis (MD & A)
• City’s basic financial statement, which includes the following:
- The Government-wide Financial Statements
- Fund Financial Statements
- Notes to the Basic Financial Statements
220 of 532

INDEPENDENT
AUDITOR’S REPORT
221 of 532

CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAglobal.com/disclaimer.

CliftonLarsonAllen LLP
CLAconnect.com
INDEPENDENT AUDITORS’ REPORT
Honorable Ma
yor and Members of the City Council
City of Glendale
Glendale, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying fi nancial statements of the governmen tal activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Ci ty of Glendale (the City), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise City’s basic financial statements as listed in the table of contents.

In our opinion, the financial statements referred to abov e present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City , as of June 30, 2024, and t he respective changes in financial position, and, where applicable, cash flows thereof and the respective budgetary comparison for the General Fund and Housing Assistanc e special revenue fund for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicabl e to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the Un ited States. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independ ent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally acc epted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial stat ement date, including any currently known information that may raise substantial doubt shortly thereafter. 1 222 of 532

Honorable Mayor and
Members of the City Council
City of Glendale
Auditors’ Responsibilities for the Audit of the Financial Statements Our objectives are to ob
tain reasonable assurance about whether the financial st atements as a whole are free from material misstatement, whether due to fraud or error, and to issue an audito rs’ report that includes our opinions. Reasonable assurance is a hi gh level of assurance but is not absolute assurance and therefore is not a guarant ee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrep resentations, or the override of in ternal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS and Government Auditing Standards, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material missta tement of the financial st atements, whether due to fraud or error, and design and perform audit procedures responsive to those ri sks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
 Obtain an understanding of internal control relev ant to the audit in order to design audit procedures that are appropriate in the ci rcumstances, but not fo r the purpose of expressing an opinion on the effectiveness of City of Glendale’s internal control. Accordingly, no such opinion is expressed.  Evaluate the appropriateness of accounting polic ies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about City of Glendale’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged wi th governance regarding, among other matters, the planned scope and timing of the audit, significant audit findi ngs, and certain internal control related matters that we identified during the audit.
2 223 of 532

Honorable Mayor and
Members of the City Council
City of Glendale
Required Supplementary Information
Accounting principles generally acce pted in the United Stat es of America require that the management’s discussion and analysis, schedules of changes in net pension liability and rela ted ratios of the pension plans and schedules of pension plan contributions and schedule of changes in total OPEB liability and related ratio be presented to supplement the basic financial statements. Such in formation is the responsibility of management and, although not a part of the basic financial stat ements, is required by the Governmental Accounting Standards Board w ho considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS, which consisted of inquiries of management about the methods of prepar ing the information and comparing the information for consistency with m anagement’s responses to our inquirie s, the basic financial statements, and other knowledge we obtained during our audit of the basic financial st atements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financ ial statements that collectively comprise the City of Glendale’s basic financial stat ements. The combining and individual non-major fund financial statements and schedules are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to pr epare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounti ng and other records used to prepare th e basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the combining and individual non-major fund financial statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the ot her information included in the annual report. The other information comprises the introductory and statistical sections but does not incl ude the basic financial statements and our auditors’ report thereon. Our opinions on t he basic financial statement s do not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audit of the basic financial statements, our responsibilit y is to read the other information and consider whether a ma terial inconsistency ex ists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material mi sstatement of the other information exists, we are required to describe it in our report.

3 224 of 532

Honorable Mayor and
Members of the City Council
City of Glendale
Other Reporting Required by Government Auditing Standards In accordance with Govern
ment Auditing Standards, we have also issued our report dated November 19, 2024, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters.

The purpose of that report is solely to describe the sc ope of our testing of internal control over financial reporting and compliance and the results of that testi ng, and not to provide an opi nion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

CliftonLarsonAllen LLP
Irvine, California
November 19, 2024

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MANAGEMENT’S DISCUSSION

AND ANALYSIS
226 of 532

CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

As management of the City of Glendale (the City), we offer readers of the City’s financial statements this narrative overview and analysis of the financial activities of the City for the fiscal year ended June 30, 2024.

We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal.

Financial Summary

 The assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows of resources at the close of FY 2023-24 by $1,854,590 (net position), which was comprised of net investment in capital assets of $1,353,831, restricted net position of $332,801 and unrestricted net position of $167,958. The unrestricted net position consisted of a negative $161,051 for governmental activities and $329,009 for business-type activities. The negative unrestricted net position for governmental activities was primarily due to the recognition of net pension liability.

 The City’s total net position increased by $62,547, which consists of an increase of $7,380 for Governmental activities, and an increase of $55,167 for Business-type activities. The increase for Governmental activities was mainly attributable to the big increase in fair value of investments in accordance with GASB 31. The increase for Business-type activities was mainly attributable to the lower costs of natural gas and power purchased, and the big increase in fair value of investments in accordance with GASB 31.

 As of the close of FY 2023-24, the City’s governmental funds reported combined ending fund balances of $538,751, a decrease of $18,181 in comparison with the prior year. About 13.3% of this total amount, $71,865 was unassigned and available for spending at the government’s discretion.

 At the end of FY 2023-24, City Charter Article XI Section 15 general reserve of $40,117, and unassigned fund balance of $88,293 for the General Fund totaled $128,410, representing about 40.0% of the FY 2023-24 expense of $321,036. The City Council’s current General Fund Reserve policy is a minimum of 25% of the annual expense, with a target of 35%.

Overview of the Financial Statements

This discussion and analysis are intended to serve as an introduction to the City’s basic financial statements.

The City’s basic financial statements are comprised of three components:

1) Government-wide financial statements

2) Fund financial statements

3) Notes to the basic financial statements

This report also contains other supplementary information in addition to the basic financial statements.

Government-Wide Financial Statements

The government-wide financial statements, which are comprised of the statement of net position and statement of activities, are designed to provide readers with a broad overview of the City’s finances, in a manner similar to a private-sector business.

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CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

The statement of net position presents information on all the City’s assets and deferred outflows of resources, and liabilities and deferred inflows of resources, with the difference reported as net position. The statement of activities presents information showing how the government’s net position changed during the recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods.

Both the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include general government, police, fire, public works, transportation, housing, health, and community development, employment programs, public service, parks, recreation, and community services, library, and interest and fiscal charges. The business-type activities of the City include electric, fiber optic, fire communication, refuse disposal, sewer and water.

The government-wide financial statements include not only the City itself (known as the primary government), but also a legally separate housing authority and municipal financing authority for which the City is financially accountable. The housing authority and the municipal financing authority, although legally separate, function for all practical purposes as departments of the City, and therefore have been included as an integral part of the primary government.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into three categories: (1) governmental funds, (2) proprietary funds, and (3) fiduciary funds.

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

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The City maintains 50 individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for General Fund, Housing Assistance Fund, and Capital Improvement Fund, all of which are reported as major funds. Data from the other 47 governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements elsewhere in this report.

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CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

The City adopts an annual budget for its General Fund, special revenue and debt service fund types.

Budgetary comparison information has been provided for the above fund types to demonstrate compliance with the budget.

Proprietary funds are used to account for services for which the City charges external customers or internal departments of the City, the City maintains two types of proprietary funds: enterprise & internal service.

Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for activities, such as electric, water, refuse, sewer, and fire communications. Internal service funds are used to accumulate and allocate costs internally among the City’s various functions. The City uses internal service funds to account for activities, such as fleet maintenance, information technology, joint helicopter operation, building maintenance, employee benefits, and insurance.

Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the sewer, electric, and water operations, all of which are major funds of the City. Conversely, all internal service funds are combined into a single, aggregated presentation in the proprietary fund financial statements. Individual fund data for the non-major enterprise and internal service funds is provided in the form of combining statements elsewhere in this report.

Fiduciary funds are used to account for resources held for the benefit of others outside of the City’s own programs. The City maintains two different types of fiduciary funds: private-purpose trust and custodial funds.

Private-purpose trust funds are used to report all fiduciary activities that (a) are not required to be reported in pension and other employee benefits trust funds or investment trust funds and (b) are held in the trust that meets certain criteria. The City uses private-purpose trust fund to account for its Glendale Successor Agency Fund. Custodial funds are used to report fiduciary activities that are not required to be reported in pension and other employee benefits trust funds, investment trust funds, or private-purpose trust funds. The City uses custodial funds to account for the ICI System and unclaimed evidence.

Since the resources of fiduciary fund are not available to support the City’s own programs, it is not reflected in the government-wide financial statements. The accounting used for fiduciary funds is much like that used for proprietary funds.

Notes to the Basic Financial Statements

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

Other Information

In addition to the basic financial statements and the notes, the required supplementary information for pension and OPEB, and the combining statements of nonmajor governmental and enterprise funds, internal service funds and custodial funds are presented following the notes.

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CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

Government-wide Financial Analysis

For fiscal year ending June 30, 2024, the City’s assets and deferred outflows of resources exceeded its liabilities and deferred inflows of resources by $1,854,590, which is the City’s net position. The largest portion of the City’s net position, $1,353,831 (73.0%), is the net investment in capital assets (e.g., infrastructure, land, buildings, machinery, and equipment) less any related debt used to acquire those assets that was still outstanding. The City uses these capital assets to provide services to the community; therefore, these assets are not available for future spending. Although the City’s net investment in its capital assets is reported as net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

City of Glendale’s Net Position
As of June 30,
Governmental
activities
Business-type
activities

Total
2024 2023 2024 2023 2024 2023
Non-capital assets $ 849,495 829,064

611,032 484,076

1,460,527 1,313,140
Capital assets 1,032,172 997,448 682,876 550,734 1,715,048 1,548,182 Total assets 1,881,667 1,826,512 1,293,908 1,034,810 3,175,575 2,861,322 Deferred outflows of resources 161,3 07 171,026 39,746 44,769 201,053 215,795 Total assets and deferred
outflows of resources 2,042,974 1,997,538

1,333,654 1,079,579

3,376,628 3,077,117
Current liabilities 99,263 79,650

87,169 64,184

186,432 143,834
Noncurrent liabilities 788,346 763,6 41 487,804 314,008 1,276,150 1,077,649 Total liabilities 887,609 843,291 574,973 378,192 1,462,582 1,221,483 Deferred inflows of resources 48,375 54,637 11,081 8,954 59,456 63,591 Total liabilities and deferred
inflows of resources 935,984 897,928

586,054 387,146

1,522,038 1,285,074
Net investment in capital assets 986,866 965,218

366,965 351,895

1,353,831 1,317,113
Restricted 281,175 277,586 51,626 44,463 332,801 322,049 Unrestricted (161,051) (143,194) 329,009 296,075 167,958 152,881 Total net position $ 1,106,990 1,099,610

747,600 692,433

1,854,590 1,792,043

The restricted portion of the City’s net position are resources that are subject to external restrictions on how they may be used, is $332,801 (17.9%). The remaining balance of the City’s net position, $167,958 (9.1%) is unrestricted and may be used to meet the government’s ongoing obligations to citizens and creditors.

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CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

City of Glendale’s Change in Net Position
For the Fiscal Year Ended June 30,

Governmental
activities

Business-type
activities

Total
2024 2023 2024 2023 2024 2023
Revenues:

Program revenues:

Charges for services $ 97,315 87,527 376,488 367,532 473,803 455,059 Operating grants and contributions 115,069 142,711 1,249 1,852 116,318 144,563 Capital grants and contributions 17,074 20,179 3,688 3,014 20,762 23,193 General revenues:

Taxes:

Property taxes 80,233 77,054 - - 80,233 77,054
Sales taxes 85,917 92,458 - - 85,917 92,458
Utility users tax 28,882 29,891 - - 28,882 29,891
Occupancy tax 10,157 - - - 10,157 -
Other taxes - 21,090 - - - 21,090
Investment income 13,547 1,445 22,653 4,005 36,200 5,450 Other 3,548 3,409 3,589 3,175 7,137 6,584
Total revenues 451,742 475,764 407,667 379,578 859,409 855,342 Expenses:

General government 24,856 21,139 - - 24,856 21,139
Police 125,370 114,706 - - 125,370 114,706
Fire 88,289 78,279 - - 88,289 78,279
Public works 45,321 49,416 - - 45,321 49,416
Transportation 30,366 21,926 - - 30,366 21,926
Housing, health and community
development 94,611 78,508

- -

94,611 78,508
Employment program 8,474 6,818 - - 8,474 6,818
Public service 4,891 5,525 - - 4,891 5,525
Parks, recreation and community
services 32,036 25,094

- -

32,036 25,094
Library, arts and culture 13,752 14,421 - - 13,752 14,421 Interest and fiscal charges 516 638 - - 516 638
Fiber optic - - 97 144 97 144
Fire communications - - 6,031 5,945 6,031 5,945
Sewer - - 27,269 25,018 27,269 25,018
Refuse disposal - - 24,213 21,654 24,213 21,654
Electric - - 221,815 276,142 221,815 276,142
Water - - 48,955 50,059 48,955 50,059
Total expenses 468,482 416,470 328,380 378,962 796,862 795,432 Excess before transfers (16,740) 59,294 79,287 616 62,547 59,910 Transfers 24,120 21,937 (24,120) (21,937) - -
Change in net position 7,380 81,231 55,167 (21,321) 62,547 59,910 Net position – beginning 1,099,610 1,018,379 692,433 713,754 1,792,043 1,732,133 Net position – ending $ 1,106,990 1,099,610 747,600 692,433 1,854,590 1,792,043

9 231 of 532

CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

Governmental Activities
Governmental activities increased the City’s net position by $7,380. Key elements of this increase are as follows:
 Sales tax revenue decreased by $6,541 (7.1%) compared to prior fiscal year. The decrease was impacted by overall shift in consumer behavior of luxury purchases to discount retail, as well as a slow in auto sales due to high interest rates.

 Operating grants and contributions decreased by $27,642 (19.4%) compared to prior fiscal year. The decrease was primarily driven by the use of American Rescue Plan Act (ARPA) grant funding for public safety services which has been fully expended in prior fiscal year.

 Investment income increased by $12,102 (837.5%) during the current fiscal year. The increase was mainly due to a significant increase in fair value of investments in accordance with GASB 31.

 Housing, health and community development expense increased by $16,103 (20.5%) during the current fiscal year. The increase is mainly due to increase in direct assistance payments related to affordable housing.

 Transportation expense increased by $8,440 (38.5%) compared to prior fiscal year. The increase is primarily driven by the increase in cost of Beeline bus operations.

10 232 of 532

CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

2024 Expenses and Program Revenues – Governmental Activities

2024 Revenues and Transfers by Source – Governmental Activities

$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
$110,000
$120,000
$130,000
General
government
Police Fire Public
works
Transportation Housing,
health &
community
development
Employment
programs
Public
service
Parks,
recreation &
community
services
Library, arts
and culture
Interest &
fiscal
charges
Expenses Program Revenues
Charges for services

20.45%
Operating grants &
contributions

24.18%
Utility users tax

6.07%
Other

0.75%
Investment income

2.85%
Occupancy tax

2.13%Capital grants &
contributions

3.59%
Transfers

5.07%
Sales taxes

18.05%
Property taxes

16.86%

11 233 of 532

CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

Business-Type Activities

Business-type activities net position increased by $55,167. Key elements of this increase are as follows:

 Investment income increased by $18,648 (465.6%) during the current fiscal year, primarily due to a significant increase in fair value of investments in accordance of GASB 31 and GASB 53.

 Charges for services increased by $8,956 (2.4%) during the current fiscal year mainly due to increase in residential and commercial refuse fees. In addition, there was an increase in electric rates and in sales for carbon emissions.

 Business-type activities expense decreased by $50,582 (13.3%), primarily due to lower purchased power costs, lower purchased natural gas costs and lower purchased water costs.

12 234 of 532

CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

2024 Expenses and Program Revenues – Business-type Activities

2024 Revenues by Source – Business-type Activities

Charges for services

92.35%
Operating grants &
contributions

0.31%
Capital grants &
contributions

0.90%
Investment income

5.56%
Other

0.88%
$0
$25,000
$50,000
$75,000
$100,000
$125,000
$150,000
$175,000
$200,000
$225,000
$250,000
$275,000
$300,000
Fiber optic Fire
communications
Sewer Refuse disposal Electric Water
Expenses Program Revenues

13 235 of 532

CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

Government’s Funds Financial Analysis

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

Governmental Funds

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

As of the end of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $538,751, a decrease of $18,181 in comparison with the prior year. About 13.3% of this total amount, $71,865 constituted unassigned fund balance, which was available for spending at the government’s discretion. The remainder of fund balance in the amount of $466,886 was not available for new spending because it was either nonspendable, restricted, committed or assigned. Nonspendable fund balance was $4,269. Restricted fund balance was $342,128, which was constrained by external creditors, grantors, laws or regulations of other governments and enabling legislation. Committed fund balance was $76,074 and the assigned fund balance was $44,415.

The General Fund is the chief operating fund of the City. At the end of the current fiscal year, unassigned fund balance and the City Charter Article XI Section 15 general reserve of the General Fund were $88,293 and $40,117 respectively, while total fund balance was $174,499.

The fund balance of the City’s General Fund had a net decrease of $8,659 during the current fiscal year. This net decrease is primarily due to the following reasons:
 Compared to the prior year, property taxes revenue increased by $3,179, primarily due to increase in market valuations of home sales during the fiscal year.  Compared to the prior fiscal year, revenue from other agencies decreased by $38,263, due to the use of American Rescue Plan Act (ARPA) grant funding for public safety services which has been fully expended in prior fiscal year.
 Compared to the prior fiscal year, use of money and property revenue increased by $12,049. The increase was mainly due to a significant increase in fair value of investments in accordance with GASB 31.

The Housing Assistance Fund (Section 8 grant) had a fund balance of $9,827, a decrease of $1,477 during the current fiscal year. The decrease in fund balance was primarily driven by the application of direct assistance payments for more housing assistance subsidies.

The Capital Improvement Fund had a fund balance of $52,308. During the current fiscal year, the fund balance decreased by $8,067, primarily due to more capital improvement projects expenditures.

14 236 of 532

CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

Proprietary Funds

The City’s proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. At the end of the year, net position was composed of $224,048 for the Sewer Fund, $375,696 for the Electric Fund, $144,088 for the Water Fund, and $22,744 for the nonmajor enterprise funds.

The net position of the Sewer Fund increased by $1,103 during the current fiscal year. The increase was mainly due to a significant increase in fair value of investments in accordance of GASB 31.

The net position of the Electric Fund increased by $49,743 during the current fiscal year. The increase was mainly due to lower purchased power costs and lower purchased natural gas costs. In addition, the net increase in the fair value of investments in accordance with GASB 31 contributed to the increase in net position.

The net position of the Water Fund increased by $5,557 during the current fiscal year. The increase was mainly due to lower purchased water costs resulting from writing-off the accrued water purchase commitment liability. In addition, the net increase in the fair value of investments in accordance with GASB 31 contributed to the increase in net position.

The net position of nonmajor enterprise funds decreased by $4,013 during the current fiscal year. Despite a decrease in net position, an increase in residential and commercial refuse fees and a net increase in the fair value of investments in accordance with GASB 31 of nonmajor enterprise funds contributed to a lower decrease in net position compared to the prior fiscal year.

General Fund Budgetary Highlights

Revenues. In comparison to the FY 2023-24 final General Fund revenue budget, the actual revenue received inclusive of transfers in, came in higher by $2,654 mainly due to the unrealized gains in interest revenue, recorded in accordance with GASB 31 in the amount of $5,771, and the unbudgeted interest income and unrealized gains recorded for the Section 115 PERS Stabilization Trust Fund in the net amount of $4,249; offset by under collections mainly in the categories of Property Tax ($1,189), Sales Tax ($3,329), Utility Users Tax (UUT) ($1,771) and Charges for Services ($1,242).

For property taxes, although the City continues to see modest growth in its revenues, it experienced an overall flattening in home sale prices and a decrease in the number of home sales in calendar year 2023 compared to 2022, mainly due to high interest rates impacting supply, hence contributing to the City receiving less revenues than forecasted by the City’s consultant.

Sales tax revenues collected were less than what was forecasted by the City’s consultant for both Bradley Burns as well as Measure S revenues. Sales tax growth has significantly slowed due to an overall shift of consumer behavior from luxury purchases to discount retail, as well as a slowdown in auto sales.

For UUT, the variance is mainly due to Gas UUT and Electric UUT both coming in less than anticipated. While the City’s consultant projected a likely decrease in revenues for Gas UUT compared to the prior year’s unprecedented price surges, the magnitude of that decline was much higher than expected.

The Charges for Services category also ended the year with less revenues received, mainly due to the Scholl Canyon Landfill host assessment fees and royalty tipping fees coming in less than forecasted.

15 237 of 532

CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

Expenditures. The FY 2023-24 final expense and transfers out budget increased during the year by $23,901 in comparison to the original expense budget. The increase was driven by budget carryovers for Council approved Measure S programs that were not yet completed, in the amount of $3,917, and for various Council approved budget amendments and transfers in the amount of $19,984. Compared to the FY 2023-24 final General Fund expense budget, the actual expenditures and transfers out were underspent by $17,350. The variance is partially due to salaries and benefits savings in the amount of $7,943 as a result of additional vacancy savings and less hourly wages spent; savings in contractual services throughout various departments in the amount of $6,162, of which some of the budget will carry over into FY 2024-25 for services that have not yet been completed; and savings in other maintenance & operations and capital outlay categories in the amount of $3,245.

Capital Asset and Debt Administration

Capital assets. The City’s investment in capital assets for its governmental and business-type activities, as of June 30, 2024, is $1,715,048. This investment in capital assets includes land, natural gas reserve, buildings and improvements, machinery and equipment, infrastructure, intangible assets, construction in progress, right- to-use lease, and subscription. The total increase in the City’s investment in capital assets for the current fiscal year was 10.8%, and this represents 3.5% increase for governmental activities and a 24.0% decrease for business-type activities.

Major capital asset events during the current fiscal year included the following:

 The following construction in progress projects contributing to the capital assets increase in government wide: $10,228 for the Freemont Park Renovation, $8,733 for the San Fernando Road Beautification Project, $8,527 for the Central Building Forward, and $6,016 for the Permeable Alley Project.

 The following construction in progress projects in Electric Fund contributed to the increase in the business-type capital assets activities: $113,361 for the Grayson Project, and $20,749 for the Biogas Renewable Generation.

 The following assets in Sewer Fund contributed to the increase in the business-type capital assets activities: $3,778 for the Community Beautification Project, $1,437 for the Los Angeles-Glendale Water Reclamation Plant and $2,870 for the Hyperion Wastewater System.

 The right-to-use lease asset increase due to Community Service, and Parks E-Clean Technologies equipment lease in the amount of $295.

 The following GASB 96 Subscription-Based Info rmation Technology Agreement (SBITA) assets increase due to the following subscriptions: $807 for the Varonis software, $ 366 for the Palo Alto Cortex Pro-Premium Success software and $323 for the Open Access Technology International - Energy Trading Platform software.

16 238 of 532

CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

City of Glendale’s Capital Assets
(Net of Depreciation, Depletion and Amortization)

Governmental
Activities

Business-type
Activities

Total
2024 2023 2024 2023 2024 2023
Land $ 459,195 459,195 9,557 9,557 468,752 468,752
Construction in progress 64,227 21,053 169,246 32,733 233,473 53,786 Buildings and improvements 235,749 244,899 178,671 181,076 414,420 425,975 Machinery and equipment 39,439 38,133 158,622 156,451 198,061 194,584 Infrastructure 221,274 219,780 106,252 109,936 327,526 329,716 Natural gas reserve - - 6,365 7,013 6,365 7,013
Intangible assets 4,535 5,006 53,378 53,631 57,913 58,637 Right-to-use lease assets 2,030 2,570 272 272 2,302 2,842 Subscription assets 5,723 6,812 513 65 6,236 6,877
Total capital assets, net $ 1,032,172 997,448 682,876 550,734 1,715,048 1,548,182

Additional information on the City’s capital assets can be found in Note 6.

Long-term debt. The City’s total long-term debt has a net increase of $171,036 (74.6%) in FY 2023-24. The net increase was mainly due to the issuance of new Electric Revenue Bonds, 2024 Series to provide money for the construction of the Grayson Repowering project, Scholl Canyon Landfill Biogas Renewal Generation project and other electric system capital improvements.

Governmental
Activities

Business-type
Activities

Total
2024 2023 2024 2023 2024 2023
Bonds payable:

GMFA lease revenue bonds,
2019 refunding $ 18,045 20,655

- -

18,045 20,655
Electric revenue bonds, 2013 refunding - - - 15,119 - 15,119 Electric revenue bonds, 2013 series - - - 52,734 - 52,734 Electric revenue bonds, 2016 refunding - - 61,313 65,676 61,313 65,676 Electric revenue bonds, 2024 series - - 190,101 - 190,101 - Electric revenue bonds, 2024 refunding - - 60,611 - 60,611 - Water revenue bonds, 2012 series - - 31,796 32,432 31,796 32,432 Water revenue bonds, 2020 refunding - - 32,702 34,625 32,702 34,625 Total bonds payable 18,045 20,655 376,523 200,586 394,568 221,241

Leases payable 2,094 2,615 110 164 2,204 2,779
Subscriptions payable 3,100 5,235 437 18 3,537 5,253 Total long-term debt $ 23,239 28,505 377,070 200,768 400,309 229,273

Additional information on the City’s long-term debt can be found in Note 7.

17 239 of 532

CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

Credit ratings
Municipal bond ratings provide investors with a simple way to compare the relative investment quality of different bonds. Bond ratings express the opinions of the rating agencies as to the issuer’s ability and willingness to pay debt service when it is due. In general, the credit rating analysis includes the evaluation of the relative strengths and weaknesses of the following four factors as they affect an issuer’s ability to pay its debt service: fiscal, economic, debt and administrative/management factors. The City continues to receive high general credit ratings from all three national rating agencies, despite the difficult financial and economic conditions the national and local economy has been faced with and continues to have a strong capacity to meet its financial commitments on obligations.

The City's bond ratings as of June 30, 2024 are as follows:

Debt Issue Moody’s S&P Fitch
Issuer credit rating (Implied General Obligation) Aa2 AA+ AA+ 2019 Lease revenue refunding bonds - AA AA
Electric revenue bonds, 2016 refunding - A+ A+
Electric revenue bonds, 2024 refunding - A+ A+
Electric revenue bonds, 2024 series - A+ A+
Water revenue bonds, 2012 series Aa3 AA- AA-
Water revenue bonds, 2020 refunding - AA- AA-

Debt Administration
The City’s debt administration obligations are as follows:

 Pay debt service timely;

 Monitor trustee-held accounts and guaranteed investment contracts;

 Comply with bond covenants and Internal Revenue Service (IRS) rules and regulations;

 Provide continuing disclosure and other reports to the municipal bond market;

 Manage liquidity and credit enhancement contracts.

Continuing Disclosure

On November 10, 1994, the Securities and Exchange Commission (“SEC”) adopted amendments to existing federal regulations (“Rule 15c-12” or the “Rule”) under which municipalities issuing securities on or after July 3, 1995 are required to:

 Prepare official statements meeting current requirements of the Rule;

 Annually file certain financial information and operating data with national and state repositories;

 Prepare announcements of the significant events enumerated in the Rule.

18 240 of 532

CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

As of June 30, 2024, the City has six series of bonds subject to Continuing Disclosure requirements. The City prepares the Continuing Disclosure (financial and operating information) for its three Electric and two Water series bonds, and engaged a financial advisor, Harrell & Company Advisors, LLC to prepare the Continuing Disclosure for the one GMFA bond. The City also engaged Harrell & Company Advisors, LLC as dissemination agent to post all six series of bonds’ Continuing Disclosure annual reports and the City financial statements on the MSRB’s Electronic Municipal Market Access (“EMMA”) website. The dissemination agent will also prepare any notices of material events and post such notices on EMMA. Timely and accurate communication with the municipal marketplace is vital in retaining the City’s creditworthiness and market access. Continuing Disclosure and compliance reporting constitute a significant part of Debt Management’s compliance activity for the life of each series of bonds.

Next Year’s Budget and Rates

The total citywide adopted appropriation for FY 2024-25 is $1,200,000, with $325,700 of that amount in the General Fund. The FY 2024-25 adopted General Fund budget reflects an increase of approximately $11,200 when compared to the FY 2023-24 revised budget.

The FY 2024-25 adopted General Fund resource estimates are $326,300.

Property tax receipts are estimated to be approximately $84,000, which is $2,600, or 3.2%, above the prior year’s revised estimate. The City continues to experience growth in its property tax revenues, however, has seen an overall flattening in home sale prices and a decrease in the number of home sales in calendar year 2023 compared to 2022, mainly due to higher interest rates, impacting supply. Thus, the City’s property tax consultants have forecasted modest growth in property taxes for FY 2024-25 and outward.

Sales tax revenues are estimated to be approximately $91,100, which is $1,800, or 2.1% above the prior year’s revised estimate. Sales tax growth has slowed significantly due to an overall shift in consumer behavior of luxury purchases to discount retail, as well as a slow in auto sales.

Utility users tax (UUT) is estimated to be approximately $32,700, which is $1,800, or a 2.1% increase from the FY 2023-24 estimate. For FY 2024-25, much of the projected increase is for the Electric UUT due to an expected increase in Electric operating revenues as a direct result of the Cost-of-Service Assessment (COSA) completed by GWP. However, as in years past, the City anticipates a continued decline in telecommunication revenues based on a decrease in consumers’ usage of voice and text and increasing data usage (internet access and internet access-based apps). Data services have been deemed as exempt from taxation by courts in California and other jurisdictions nationwide. Cable revenue also continues to slowly decline as customers cancel traditional cable television services in favor of streaming services, resulting in lower bill and corresponding tax collection.

Occupancy tax receipts are estimated to be approximately $10,800, which is a 5.0% increase from the prior year’s estimate. Since the pandemic, hotel services have shown a positive trend and significant recovery and is expected to do so for FY2024-25.

License and permits are estimated to be $11,300, which is a 12.4% increase from the FY2023-24 revised estimate. Projected growth can be attributed to the increased revenue in building and planning permits as a result of the citywide user fee study.

Charges for services are estimated to be $39,000, which is a 9.9 % increase from the FY2023-24 revised estimate. Projected increase is a result of the citywide user fee study, which is adjusting the fees charge for various services and programs.

19 241 of 532

CITY OF GLENDALE
Management’s Discussion and Analysis
June 30, 2024
(in thousands)

The net increase in the salaries and benefits category is approximately $8,900. From this, $5,600 is in salaries mainly due to the approved Memorandum of Understanding cost of living Adjustments, normal step progression and reallocation of employees; $942 is in PERS costs (net of employee cost sharing); and a net increase of $2,400 in hourly wages, overtime, and other benefits. These costs are inclusive of $8,000 in estimated vacancy savings.

As anticipated, the cost for PERS is one of the largest expense obligations for the City. To mitigate the continuously rising PERS costs, during the FY 2017-18 budget adoption, the City Council proactively voted to establish a Section 115 Pension Rate Stabilization Trust. Since the establishment of the Trust, the City Council authorized the initial deposit of $26,500 in FY 2017-18 and an additional deposit of $5,500 in FY 2019-20, for a total deposit of $32,000 of one-time surplus revenues. The total ending balance as of June 30, 2024, is $41,300 which provides a 4.24% average annual rate of return since inception. This decision demonstrates the City Council’s commitment to keep rising PERS costs at a manageable level with City staff actively assessing other strategies and funding solutions in the coming years to address the rising trend in PERS costs.

Requests for Information

This financial report is designed to provide a general overview of the City’s finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to Director of Finance, 141 North Glendale Avenue, Suite 346, Glendale, CA 91206.

20 242 of 532

BASIC FINANCIAL STATEMENTS
243 of 532

Exhibit A-1

CITY OF GLENDALE
Statement of Net Position
June 30, 2024
(amounts expressed in thousands)
Governmental
Activities
Business-Type
Activities Total
ASSETS
Pooled cash and investments 623,668 $ 209,005 $ 832,673 $ Restricted cash and investments 102,232 116,573 218,805 Cash and investments with fiscal agent - 32,946 32,946
Designated cash and investments - 162,654 162,654
Accounts receivable, net 52,682 50,764 103,446
Interest receivable 3,090 2,537 5,627
Leases receivable 33,299 1,621 34,920
PPP receivable 1,983 123 2,106
Internal balances 18,976 (18,976) -
Investment-gas/electric commodity - 9,023 9,023
Inventories 1,043 12,809 13,852
Prepaid items 5,717 31,953 37,670
Loans receivable 6,805 - 6,805
Capital assets, net 508,750 503,801 1,012,551
Capital assets, not being depreciated 523,422 179,075 702,497 Total assets 1,881,667 1,293,908 3,175,575

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources related to OPEB 1,932 472 2,404 Deferred outflows of resources related to pensions 159,375 36,181 195,556 Loss on refunding - 3,093 3,093
Total deferred outflows of resources 161,307 39,746 201,053 Total assets and deferred outflows of resources 2,042,974 1,333,654 3,376,628

LIABILITIES
Current liabilities:

Accounts payable 38,543 62,039 100,582
Accrued wages and withholding 7,110 2,812 9,922
Bonds payable 2,714 13,536 16,
250
Claims payable 15,758 - 15,758
Compensated absences 2,792 - 2,792
Deposits 8,270 3,029 11,299
Interest payable 63 5,537 5,600
Leases payable 894 8 902
Subscriptions payable 2,422 104 2,526
OPEB liability 356 104 460
Unearned revenues 20,341 - 20,341
Total current liabilities 99,263$ 87,169 $ 186,432 $
Primary Government
See accompanying notes to basic financial statements
(Continued)
21 244 of 532

Exhibit A-1

CITY OF GLENDALE
Statement of Net Position
June 30, 2024
(amounts expressed in thousands)
Governmental
Activities
Business-Type
Activities Total
Primary Government
Noncurrent liabilities:

Bonds payable 15,331 $ 362,987 $ 378,318 $
Claims payable 66,809 - 66,809
Compensated absences 41,839 - 41,839
Landfill postclosure 83,059 - 83,059
Leases payable 1,200 102 1,302
Subscriptions payable 678 333 1,011
OPEB liability 5,943 1,896 7,839
Net pension liability 573,487 122,486 695,973
Total noncurrent liabilities 788,346 487,804 1,276,150
Total liabilities 887,609 574,973 1,462,582

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases 32,019 1,499 33,518 Deferred inflows of resources related to OPEB 7,010 1,884 8,894 Deferred inflows of resources related to pensions 7,506 2,555 10,061 Deferred inflows of resources related to PPP 1,840 123 1,963 Gain on refunding - 5,020 5,020
Total deferred inflows of resources 48,375 11,081 59,456 Total liabilities and deferred inflows of resources 935,984 586,054 1,522,038

NET POSITION
Net investment in capital assets 986,866 366,965 1,353,831 Restricted for:

Air quality improvement 1,288 - 1,288
Cable access 4,564 - 4,564
Capital projects 72,475 - 72,475
Carbon emissions - 50,949 50,949
Electric public benefit AB1890 15,113 - 15,113
Federal and state grants 10,130 - 10,130
Impact fee funded projects 30,937 - 30,937
Landscaping district 278 - 278
Low and moderate housing 7,065 - 7,065
Low
carbon fuel standard - 677 677
Pension stabilization 41,279 - 41,279
Public safety 4,619 - 4,619
Public works 3,106 - 3,106
State gas tax mandates 21,210 - 21,210
Transportation 59,417 - 59,417
Urban art 9,640 - 9,640
Youth employment 54 - 54
Unrestricted (161,051) 329,009 167,958
Total net position 1,106,990$ 747,600 $ 1,854,590 $
See accompanying notes to basic financial statements
22 245 of 532

Exhibit A-2

CITY OF GLENDALE
Statement of Activities
For the Year Ended June 30, 2024
(amounts expressed in thousands)
Expenses
Charges for
Services
Operating
Grants and
Contributions
Capital
Grants and
Contributions
Governmental
Activities
Business-
Type
Activities Total
Governmental activities:

General government
$ 24,856 20,385$ 3 7$ -$ (4,434)$ -$ (4,434)$ Police 125,370 2,113 3,070 295 (119,892) - (119,892) Fire 88,289 15,641 317 116 (72,215) - (72,215) Public works 45,321 28,830 15,398 12,364 11,271 - 11,271 Transportation 30,366 1,229 30,940 147 1,950 - 1,950 Housing, health and
community development 94,611 10,234 54,939 2,366 (27,072) - (27,072) Employment programs 8,474 3,085 5,679 - 290 - 290 Public service 4,891 8,995 - - 4,104 - 4,104 Parks, recreation and
community services 32,036 6,186 1,431 85 (24,334) - (24,334) Library, arts and culture 13,752 617 3,258 1,701 (8,176) - (8,176) Interest and fiscal charges 516 - - - (516) - (516) Total governmental activities 468,482
97,315 115,069
17,074 (239,024) - (239,024)
Business-type activities:

Sewer Fund 27,269 25,223 264 - - (1,782) (1,782) Refuse Disposal Fund 24,213 17,789 639 - - (5,785) (5,785) Fiber Optic Fund 97 231 - - - 134 134 Fire Communication Fund 6,031 6,165 10 - - 144 144 Electric Fund 221,815 275,496 1 3,000 - 56,682 56,682 Water Fund 48,955 51,584 335 688 - 3,652 3,652 Total business-type activities 328,380 376,488 1,249 3,688 - 53,045 53,045 Total primary government 796,862$ 473,803 $ 116,318$ 20,762$ (239,024)$ 53,045$ (185,979)$ 13,547 22,653 36,200
80,233 - 80,233
85,917 - 85,917
28,882 - 28,882
10,157 - 10,157
3,548 3,589 7,137
24,120 (24,120) -
246,404
2,122 248,526
7,380 55,167 62,547
1,099,610 692,433 1,792,043
1,106,990$ 747,600$ 1,854,590$
Transfers
Total general revenues and transfers
Change in net position
Net position - beginning
Net position - ending
Property tax
Sales tax
Utility users tax
Occupancy tax
Other
Net (Expense) Revenue and
Changes in Net Position
Program Revenues Primary Government
General revenues:

Investment income
See accompanying notes to basic financial statements
23 246 of 532

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24 247 of 532

MAJOR GOVERNMENTAL FUNDS
 1010-1070 – General Fund
- To account for all financial resources, except those required to be accounted for in another fund.
 2020 – Housing Assistance Fund - To account for monies received and expended by the City under Section 8 of the Federal Housing and Urban Development Act for housing assistance to low and moderate income families.  4010-4011 – Capital Improvement Fund - To account for financial resources used for major capital projects of the general government operations.
25 248 of 532

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26 249 of 532

Exhibit B-1

CITY OF GLENDALE
Balance Sheet
Governmental Funds
June 30, 2024
(amounts expressed in thousands)
General Fund
1010-1070
Housing
Assistance
Fund
2020
Capital
Improvement
Fund
4010-4011
Total
Nonmajor
Funds
Total
Governmental
Funds
ASSETS
Pooled cash and investments 124,603$ 6,450$ 57,864$ 275,523$ 464,440$ Restricted cash and investments 41,279 - -
60,
953 102,232
Leases receivable 11,592 - - 21,
707 33,299
PPP receivable 1,983 - - - 1,
983
Accounts receivable, net 23,644 255 - 27,
546 51,
445
Interest receivable 1,343 - - 624 1,
967
Loans receivable - - - 6,
805 6,805
Due from other funds 2,204 - - - 2,
204
Inventories 254 - - - 254
Prepaid it
ems 258 3,
696 - 61 4,
015
Total assets 207,160 10,401 57,864 393,219 668,644

LIABILITIES
Accounts payable 4,048 380 5,
555 22,156 32,139
Deposits 8,154 - - 116 8,
270
Due to other funds - - - 2,204 2, 204
Unearned revenues 6 - - 20,
335 20,341
Wages and benefits payable 7,377 115 1 726 8, 219
Total liabilities 19,585 495 5,
556 45,537 71,173

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases 11,023 - - 20,
996 32,019
Deferred inflows of resources related to PPP 1,840 - - - 1, 840
Unavailable revenues 213 79 - 24,
569 24,
861
Total deferred inflows of resources 13,076 79 - 45, 565 58,
720
Total liabilities and deferred inflows of resources 32,661$ 574$ 5 , 5 5 6$ 91,102$ 129,893$
(Continued)
See accompanying notes to basic financial statements
27 250 of 532

Exhibit B-1

CITY OF GLENDALE
Balance Sheet
Governmental Funds
June 30, 2024
(amounts expressed in thousands)
General Fund
1010-1070
Housing
Assistance
Fund
2020
Capital
Improvement
Fund
4010-4011
Total
Nonmajor
Funds
Total
Governmental
Funds

FUND BALANCES (DEFICITS)
Nonspendable
Inventory 254 $ - $- $- $2 5 4 $
Prepaid 258 3,696 - 61 4,015
Restricted
Air quality improvement - - - 1,288 1,288
Cable access - - - 4,564 4,564
Capital projects - - - 72,475 72,475
Electric public benefit AB1890 - - - 15,113 15,113 Federal and state grants - 6,131 - 3,999 10,130
Impact fee funded projects - -- 30,937 30,937 Landfill postclosure - -- 60,953 60,953
Landscaping district - -- 278 278
Low and moderate housing - -- 7,065 7,065
Pension stabilization 41,279 - - - 41,279 Public safety - - - 4,619 4,619
Public works - - - 3,106 3,106
State gas tax mandates - - - 21,210 21,210 Transportation - - - 59,417 59,417
Urban art - - - 9,640 9,640
Y
outh employment - - - 54 54
Committed
Capital projects - - 52,308 2,248 54,556 Debt service - - - 9,043 9,043
Hazardous materials - - - 4,324 4,324
Parking - - - 8,017 8,017
Public safety - - - 134 134
Assigned
Budget carryovers 4,298 - - - 4,298
City Charter - Article XI Sec. 15 general reserve 40,117 - - - 40,117 Unassigned 88,293 - - (16,428) 71,865 Total fund balances (deficits) 174,499 9,827 52,308 302,117 538,751 Total liabilities, deferred inflows of resources
and fund balances (deficits) 207,160$ 10,401$ 57,864$ 393,219$ 668,644$ See accompanying notes to basic financial statements

28 251 of 532

Exhibit B-2

CITY OF GLENDALE
Reconciliation of Balance Sheet
to the Statement of Net Position
June 30, 2024
(amounts expressed in thousands)
Fund balances of governmental funds $ 538,751
Amounts reported for governmental activities in the statement of net position are different because:

Capital, lease and subscription assets are not included as financial resources in the governmental funds 994,422
Long-term debt not included in the governmental funds (due within one year) (2,714) Long-term debt not included in the governmental funds (due more than one year) (15,331) Accrued interest payable for the current portion of interest due is not included in the governmental funds (63)
Long-term leases not included in the governmental funds (due within one year) (848) Long-term leases not included in the governmental funds (due more than one year) (733) Long-term subscriptions not included in the governmental funds (due within one year) (317) Long-term subscriptions not included in the governmental funds (due more than one year) (8) Landfill postclosure liability not included in the governmental funds (83,059) Unavailable revenue in the governmental funds is revenue in the statement of activities 24,861 Deferred outflows of resources related to pensions 159,375 Deferred inflows of resources related to pensions (7,506) Net pension liability (573,487)
Deferred outflows of resources related to OPEB 1,932
Deferred inflows of resources related to OPEB (7,010)
OPEB Liability (6,298)
Internal service funds are used to charge the cost of certain activities to individual funds, such as self insurance, and post employment benefits. The assets and liabilities of the internal service funds are included in the governmental activities in the statement of net position 85,023 Net position of governmental activities $ 1,106,990
See accompanying notes to basic financial statements
29 252 of 532

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30 253 of 532

Exhibit C-1
General Fund
1010-1070
Housing
Assistance
Fund
2020
Capital
Improvement
Fund
4010-4011
Total
Nonmajor
Funds
Total
Governmental
Funds

REVENUES
Property tax 80,233$ -$ -$ -$ 80,233$
Sales tax 85,917 - - - 85,917
Utility users tax 28,882 - - - 28,882
Occupancy tax 10,157 - - - 10,157
Revenue from other agencies 890 44,160 - 67,724 112,774 Licenses and permits 9,421 - - 2,724 12,145 Fines and forfeitures 3,201 - - 4,675 7,876 Charges for services 34,195 - - 31,254 65,449 Interfund revenue 19,035 - - - 19,035
Miscellaneous revenue 1,255 19 - 519 1,793 Use of money and property 14,750 186 - 10,413 25,349 Total revenues 287,936 44,365 - 117,309 449,610

EXPENDITURES
Current:

General government 24,390 - - 77 24,467
Police 113,182 - - 2,794 115,976
Fire 79,675
- - 2,345 82,020
Public works 17,213 - 451 15,647 33,311 Transportation - - - 28,340 28,340
Housing, health and community development 21,358 45,842 11,928 13,702 92,830 Employment programs - - - 7,652 7,652
Public service - - - 4,738 4,738
Parks, recreation and community services 21,129 - 2 1,152 22,283 Library, arts and culture 12,386 - - 1,496 13,882 Debt service:

Principal retirement - Bonds - - - 2,125 2,125 Interest - Bonds - - - 865 865
Principal retirement - Leases 109 - - 664 773 Interest - Leases 4 - - 34 38
Principal retirement - Subscription 173 - - 140 313 Interest - Subscription 5 - - 4 9
Capital outlay:

Capital outlay 1,814 - 18,849 37,147 57,810 Total expenditures 291,438 45,842 31,230 118,922 487,432 Excess (deficiency) of revenues
over expenditures (3,502) (1,477) (31,230) (1,613) (37,822)

OTHER FINANCING SOURCES (USES)
Transfers in 24,120 - 23,163 1,635 48,918 Transfers out (29,598) - - - (29,598)
Leases and subscriptions 321 - - - 321
Total other financing sources (uses) (5,157) - 23,163 1,635 19,641 Net change in fund balances (8,659) (1,477) (8,067) 22 (18,181) Fund balances - beginning 183,158 11,304 60,375 302,095 556,932 Fund balances - ending 174,499$ 9,827$ 52,308$ 302,117$ 538,751$

CITY OF GLENDALE
Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2024
(amounts expressed in thousands)
See accompanying notes to basic financial statements

31 254 of 532

Exhibit C-2

CITY OF GLENDALE
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities
For the Year Ended June 30, 2024
(amounts expressed in thousands)
Net change in fund balances - total government funds $
(18,181)
Amounts reported for governmental activities in the statement of activities are different because:

Governmental funds report capital outlays as expenditures 60,282 In the statement of activities, the cost of capital, lease and subscription assets are allocated over their estimated useful lives as depreciation and amortization expenses (25,944) Repayments of long-term debt are expenditures in the governmental funds, but the repayments reduce long-term debt in the statement of net position 2,125 Long-term debt accrued interests 9
Long-term debt premium 485
Repayments of lease principals are expenditures in the governmental funds, but the repayments reduce long-term liabilities in the statement of net position 773 Repayments of subscription principals are expenditures in the governmental funds, but the repayments reduce long-term liabilities in the statement of net position 313 New Leases and subscriptions are other financing sources in the governmental funds, but new leases and subscriptions increase long-term liabilities in the statement of net position (321)
Landfill postclosure liability changed from prior year
(4,352)
Unavailable revenue in the governmental funds are recognized as revenues in the statement of activities 2,131
Governmental funds report pension contributions as expenditures. However, in the statement of activities, pension expense is measured as the change in net pension liability and the amortization of deferred outflows and inflows related to pensions. This amount represents the net change in pension related amounts (19,687)
Governmental funds report OPEB benefits paid to retirees as expenditures. However, in the statement of activities, OPEB expense is measured as the change in total OPEB liability and the amortization of deferred outflows and inflows related to OPEB. This amount represents the net change in OPEB related amounts 563
Change in net position of internal service funds allocated to governmental activities 9,184 Change in net position of governmental activities $ 7,380 See accompanying notes to basic financial statements
32 255 of 532

Exhibit D-1
1010-1070
Original Budget Final Budget Actual
Variance with
Final Budget

REVENUES
Property tax 80,319 $ 81,422 $ 80,233 $ (1,189) $
Sales tax 91,090 89,246 85,917 (3,329)
Utility users tax 29,638 30,653 28,882 (1,771)
Occupancy tax 9,965 10,270 10,157 (113)
Revenue from other agencies 443 604 890 286
Licenses and permits 10,091 10,091 9,421 (670)
Fines and forfeitures 3,225 3,225 3,201 (24)
Charges for services 29,176 35,437 34,195 (1,242)
Interfund revenue 19,058 19,058 19,035 (23)
Miscellaneous revenue 804 1,024 1,255 231
Use of money and property 3,669 4,388 14,750 10,362
Total revenues 277,478 285,418 287,936 2,518

EXPENDITURES
Current:

City Clerk 1,528 2,134 1,687 447
City Manager 7,281 7,749 6,589 1,160
City Treasurer 1,104 1,116 934 182
Finance 7,364 7,483 6,534 949
Legal 5,309 5,422 4,874 548
Personnel 4,053 4,155 3,772 383
Non-Departmental* (8,000) (8,000) - (8,000)
Police 116,983 117,919 113,182 4,737
Fire 80,058 82,595 79,675 2,920
Public Works 18,661 19,486 17,213 2,273
Housing, health and community development 25,957 27,368 21,358 6,010 Parks, recreation and community services 24,403 25,491 21,129 4,362 Library, arts and culture 13,751 13,868 12,386 1,482
Total current 298,452 306,786 289,333 17,453
Debt service:

Principal retirement - Leases - - 109 (109)
Interest - Leases - - 4 (4)
Principal retirement - Subscription - - 173 (173)
Interest - Subscription - - 5 (5)
Total debt service - - 291 (291)
Capital outlay:

Police - 1,400 1,108 292
Fire 45 398 232 166
Housing, health and community development - 204 179 25
Parks, recreation and community services - - 295 (295)
Total capital outlay 45 2,002 1,814 188
Total expenditures 298,497 308,788 291,438 17,350
Excess (deficiency) of revenues over
(under) expenditures (21,019) (23,370) (3,502) 19,868

OTHER FINANCING SOURCES (USES)
Transfers in 22,361 24,305 24,120 (185)
Transfers out (15,988) (29,598) (29,598) -
Leases and subscriptions - - 321 321
Total other financing sources (uses) 6,373$ (5,293) $ (5,157) $ 136 $ Note:
*Vacancy savings were incorporated in the adopted FY2023-24 budget.

CITY OF GLENDALE
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual General Fund
For the Year Ended June 30, 2024
(amounts expressed in thousands)
See accompanying notes to basic financial statements
33 256 of 532

Exhibit D-2
2020
Original Budget Final Budget Actual
Variance with
Final Budget

REVENUES
Revenue from other agencies 53,946 $ 53,946 $ 44,160 $ (9,786) $ Miscellaneous revenue - - 19 19
Use of money and property 99 99 186 87
Total revenues 54,045 54,045 44,365 (9,680)

EXPENDITURES
Current:

Housing, health and community development 54,227 54,436 45,842 8,594 Total expenditures 54,227$ 54,436$ 4 5 , 8 4 2 $ 8,594 $

CITY OF GLENDALE
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Housing Assistance Fund
For the Year Ended June 30, 2024
(amounts expressed in thousands)
See accompanying notes to basic financial statements

34 257 of 532

MAJOR ENTERPRISE FUNDS
 5250 - Sewer
Fund - To account for operations and maintenance of the sewer system. A significant portion of the annual appropriation pays for the operation of two wastewater treatment facilities operated by the City of Los Angeles.
 5810 - 5880 - Electric Fund - To account for the operations of the City-owned electric utility services.  5910 - 5980 -
Water Fund - To account for the operations of the City-owned water utility services. 35 258 of 532

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eft blank intentionally.

36 259 of 532

Exhibit E-1

CITY OF GLENDALE
Statement of Net Position
Proprietary Funds
June 30, 2024
(amounts expressed in thousands)
Sewer
Fund
5250
Electric
Fund
5810-5880
Water
Fund
5910-5980
Total
Nonmajor
Funds
Total
Enterprise
Funds
Internal
Service
Funds
ASSETS
Current assets:

Pooled cash and investments 62,854 $ 97,111 $ 30,479 $ 18,561 $ 209,005 $ 159,226 $ Cash and investments with fiscal agent - 28,324 4,622 - 32,946 - Investment-gas/electric commodity - 9,023 - - 9,023 - Restricted cash and investments - 64,947 - - 64,947 - Accounts receivable, net 3,433 35,290 7,993 4,048 50,764 3,471 Leases receivable - 27 70 - 97 -
PPP receivable - - - 70 70 -
Interest receivable 446
1,661 294 136 2,537 1,124 Inventories - 12,809 - - 12,809 788
Prepaid items - 31,953 - - 31,953 1,703
Total current assets 66,733 281,145 43,458 22,815 414,151 166,312 Noncurrent assets:

Designated cash and investments - 151,354 11,300 - 162,654 - Restri
cted cash and investments - 51,626 - - 51,626 -
Leases receivable - 941 583 - 1,524 -
PPP receivable - - - 53 53 -
Capital assets, net 170,375 142,679 174,911 15,836 503,801 37,513 Capital assets, not being depreciated 4,587 169,381 3,469 1,638 179,075 236 Total noncurrent assets 174,962 515,981 190,263 17,527 898,733 37,749 Total assets 241,695 797,126 233,721 40,342 1,312,884 204,061

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources related to OPEB 7 350 103 12 472 - Deferred outflows of resources related to pensions 2,137 22,153 5,925 5,966 36,181 - Loss on refunding - 3,093 - - 3,093 -
Total deferred outflows of resources 2,144 25,596 6,028 5,978 39,746 - Total assets and deferred outflows of
resources 243,839$ 822,722$ 239,749$ 46,320$ 1,352,630$ 204,061$ Business-Type Activities
See accompanying notes to basic financial statements
(Continued)
37 260 of 532

Exhibit E-1

CITY OF GLENDALE
Statement of Net Position
Proprietary Funds
June 30, 2024
(amounts expressed in thousands)
Sewer
Fund
5250
Electric
Fund
5810-5880
Water
Fund
5910-5980
Total
Nonmajor
Funds
Total
Enterprise
Funds
Internal
Service
Funds
Business-Type Activities

LIABILITIES
Current liabilities:

Accounts payable 12,586$ 43,293$ 5,317$ 843$ 62,039$ 6,401$ Bonds payable - 10,900 2,636 - 13,536 -
Claims payable - - - - - 15,758
Compensated absences - - - - - 2,792
Deposits 243 2,224 438 124 3,029 - Interest payable - 4,765 772 - 5,537 -
Leases payable - 6 2 - 8 46
OPEB liability 7 69 16 12 104 - Subscriptions payable - 69 35 - 104 2,105 Wages and benefits payable 170 1,729 374 539 2,812 1,123 Total current liabilities 13,006 63,055 9,590 1,518 87,169 28,225 Noncurrent liabilities:

Bonds payable - 301,125 61,862 - 362,987 -
Claims payable - - - - - 66,809
Compensated absences - - - - - 41,839
Leases payable - 80 22 - 102 467
OPEB liab
ility 105 1,096 422 273 1,896 - Subscriptions payable - 296 37 - 333 671 Net pension liability 6,460 73,326 21,619 21,081 122,486 - Total noncurrent liabilities 6,565 375,923 83,962 21,354 487,804 109,786 Total liabilities 19,571 438,978 93,552 22,872 574,973 138,011

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases - 894 605 - 1,499 - Deferred inflows of resources related to OPEB 78 1,314 337 155 1,884 - Deferred inflows of resources related to pensions 142 1,561 426 426 2,555 - Deferred inflows of resources related to PPP - - - 123 123 - Gain on refunding - 4,279 741 - 5,020 -
Total deferred inflows of resources 220 8,048 2,109 704 11,081 - Total liabilities and deferred inflows of
resources 19,791 447,026 95,661 23,576 586,054 138,011

NET POSITION
Net investment in capital assets 173,513 59,209 116,769 17,474 366,965 32,287 Restricted
for:

Carbon emissions - 50,949 - - 50,949 -
Low carbon fuel standard - 677 - - 677 -
Unrestricted 50,535 264,861 27,319 5,270 347,985 33,763 Total net position 224,048$ 375,696$ 144,088$ 22,744$ 766,576 66,050$ because the net adjustment pertains to items on the statement of net position of certain internal service funds reported with business-type activities. (18,976) Total net position of business-type activities 747,600$ Some amounts reported for business-type activities in the statement of net position are different See accompanying notes to basic financial statements

38 261 of 532

Exhibit E-2

CITY OF GLENDALE
Statement of Revenues, Expenses, and
Changes in Net Position
Proprietary Funds
For the Year Ended June 30, 2024
(amounts expressed in thousands)
Sewer
Fund
5250
Electric
Fund
5810-5880
Water
Fund
5910-5980
Total
Nonmajor
Funds
Total
Enterprise
Funds
Internal
Service
Funds

OPERATING REVENUES
Charges for services 25,223 $ 261,867 $ 49,774 $ 24,184 $ 361,048 $ 127,078 $ Miscellaneous revenue 52 15,391
1,912 255 17,610 1,846
Total operating revenues 25,275 277,258 51,686 24,439 378,658 128,924

OPERATING EXPENSES
Salaries and benefits 4,208
41,256 10,352 12,290 68,106 22,201 Claims and settlement - - - - - 68,693
Maintenance and operation 23,318 174,039 37,365 18,309 253,031 38,711 Total operating expenses 27,526 215,295 47,717 30,599 321,137 129,605 Operating income (loss) (2,251) 61,963 3,969 (6,160) 57,521 (681)

NONOPERATING REVENUES
(EXPENSES)
Intergovernmental grants 264 1 335 649 1,249 1,595 Use of money and property 3,090 17,292 2,192 1,498 24,072 6,344 Interest expense - (7,274) (1,627) - (8,901) (98) Cost of issuance - (1,119) -
- (1,119) -
Total nonoperating revenues
(expenses) 3,354 8,900 900 2,147 15,301 7,841
Income (loss) before contributions
and transfers 1,103
70,863 4,869 (4,013) 72,822 7,160 Transfers in - - - - - 4,800
Capital grants and contributions (expenses) -
3,000 688 - 3,688 5
Transfers out - (24,120) - - (24,120) -
Change in net position 1,103 49,743 5,557 (4,013) 52,390 11,965
Total net position - beginning 222,945 325,953 138,531 26,757 54,085 Total net position - ending 224,048$ 375,696$ 144,088$ 22,744$ 66,050$ Some amounts reported for business-type activities in the statement of activities are different because the net revenue (expense) of certain internal service funds are reported with business-type activities. 2,777
Changes in net position of business-type activities 55,167$ Business-Type Activities
See accompanying notes to basic financial statements

39 262 of 532

Exhibit E-3

CITY OF GLENDALE
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2024
(amounts expressed in thousands)
Sewer
Fund
5250
Electric
Fund
5810-5880
Water
Fund
5910-5980
Nonmajor
Enterprise
Funds
Total
Enterprise
Funds
Internal
Service
Funds

CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers 25,771 $ 270,805 $ 51,036 $ 22,863 $ 370,475 $ 128,297 $ Payments to employees (4,301) (40,920) (10,016) (12,231) (67,468) (28,582) Payments to suppliers (13,116) (143,501) (31,522) (15,302) (203,441) (77,137) Intergovernmental grants received 264 1 335 649 1,249 1,595 Net cash provided (used) by operating activities 8,618 86,385 9,833 (4,021) 100,815 24,173

CASH FLOWS FROM NONCAPITAL FINANCING

ACTIVITIES
Lease and PPP revenue received - 816 253 71 1,140 43 Transfers in (out), net - (24,120) - - (24,120) 4,800 Net cash provided (used) by
noncapital financing activities - (23,304) 253 71 (22,980) 4,843

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Payment to refunding escrow agent - (60,512) - - (60,512) - Proceeds from bonds issuance - 251,118 - - 251,118 - Acquisition of capital assets (8,168) (151,750) (2,775) (3,342) (166,035) (11,509) C
apital grants and contributions received - 3,000 688 - 3,688 5 Interest paid on long-term debt - (6,176) (1,935) - (8,111) - Principal payments - (6,300) (2,340) - (8,640) - Proceeds from sales of capital assets - 213 2 64 279 86 Cost of issuance - (1,119) - - (1,119) - Net cash provided (used) by capital and
related financing activities (8,168) 28,474 (6,360) (3,278) 10,668 (11,418)

CASH FLOWS FROM INVESTING ACTIVITIES
Investment - gas/electric commodity - (1,005) - - (1,005) - Interest received 3,058 16,311 1,892 1,405 22,666 6,004 Net cash provided (used) by investing activities 3,058 15,306 1,892 1,405 21,661 6,004 Net increase (decrease) in cash and cash equivalents 3,508 106,861 5,618 (5,823) 110,164 23,602 Balances - beginning of year 59,346 284,103 40,783 24,384 408,616 135,624 Balances - end of the year 62,854$ 390,964$ 46,401$ 18,561$ 518,780$ 159,226$ Business-Type Activities

See accompanying notes to basic financial statements
(Continued)

40 263 of 532

Exhibit E-3

CITY OF GLENDALE
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2024
(amounts expressed in thousands)
Sewer
Fund
5250
Electric
Fund
5810-5880
Water
Fund
5910-5980
Nonmajor
Enterprise
Funds
Total
Enterprise
Funds
Internal
Service
Funds
Business-Type Activities
Reconciliation of operating income (loss) to net cash
provided (used) by operating activities:

Operating Income (loss) (2,251) $ 61,963 $ 3,969 $ (6,160) $ 57,521 $ (681) $ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities:

Depreciation 3,611 16,657 7,331 2,874 30,473 8,326 Amortization 3,074 35 10 3 3,122 809 Depletion - 649 - - 649 -
Intergovernmental grants 264 1 335 649 1,249 1,595 (Increase) Decrease Accounts receivable, net 557 (6,951) (638) (1,362) (8,394) (617) (Increase) Decrease Inventories - (1,325) - - (1,325) 30 (Increase) Decrease Prepaid expenses - (3,301) - - (3,301) 1,307 (Increase) Decrease Deferred outflows from OPEB - 58 19 9 86 - (Increase) Decrease Deferred outflows from pension 225 2,924 826 664 4,639 - Increase (Decrease) Accrued wages payable 12 239 (2) 90 339 100 Increase (Decrease) Compensated absences - - - - - 1,337 Increase (Decrease) Accounts payable 3,297 15,589 (1,929) (736) 16,221 13,099 Increase (Decrease) Deposits (63) 498 (12) 30 453 - Increas
e (Decrease) Claims payable - - - - - (1,132)
Increase (Decrease) OPEB liability (58) (616) (149) (274) (1,097) - Increase (Decrease) Deferred inflows from OPEB 50 417 94 65 626 - Increase (Decrease) Deferred inflows from pension (145) (1,586) (434) (434) (2,599) - Increase (Decrease) Deferred inflows from leases - (48) (78) - (126) - Increase (Decrease) Net pension liability 45 1,182 491 561 2,279 - Net cash provided (used) by operating activities 8,618 86,385 9,833 (4,021) 100,815 24,173 Reconciliation of Statement of Cash Flows
to Statement of Net Position:

Pooled cash and investments 62,854 97,111 30,479 18,561 209,005 159,226 Cash with fiscal agent - 25,926 4,622 - 30,548 - Designated cash and investments - 151,354 11,300 - 162,654 - Restricted cash and investments - 116,573 - - 116,573 - Cash and cash equivalents at June 30 $ 62,854 $ 390,964 $ 46,401 $ 18,561 $ 518,780 $ 159,226 See accompanying notes to basic financial statements

41 264 of 532

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42 265 of 532

PRIVATE-PURPOSE TRUST FUND

 8060-8490 – Glendale Successor Agency Private-Purpose Trust Fund - To account for the activities of Glendale Successor Agency.

43 266 of 532

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44 267 of 532

Exhibit F-1
Fiduciary Funds
Glendale Successor
Agency
Private-Purpose
Trust Fund
8060-8490
Total Custodial
Funds
ASSETS
Cash and investments 37,120 $ 5,248$
Restricted cash and investments 29 -
Interest receivable 119 19
Total assets 37,268 5,267

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding 74 -
Total assets and deferred outflows of resources 37,342 5,267

LIABILITIES
Accounts payable 12 92
Bonds payable 7,397 -
Interest payable 30 -
Wages and benefits payable 3 -
Total liabilities 7,442 92

NET POSITION
Restricted for:

Glendale Successor Agency 29,900 -
ICI system - 2,504
Unclaimed evidence - 2,671
Total net position 29,900$ 5,175$

CITY OF GLENDALE
Statement of Fiduciary Net Position
June 30, 2024
(amounts expressed in thousands)
See accompanying notes to basic financial statements

45 268 of 532

Exhibit F-2
Fiduciary Funds
Glendale Successor
Agency
Private-Purpose
Trust Fund
8060-8490
Total Custodial
Funds

ADDITIONS
Property tax 7,165 $ - $
Revenue from other agencies - 589
Charges for services - 3,510
Interest income 2,164 119
Unclaimed deposits - 312
Total additions 9,329 4,530

DEDUCTIONS
Interest and amortization expense on bonds 203 6,643
Operating expenses 253 23,023
Refunds - 190
Total deductions 456 29,856
Net increase (decrease) in fiduciary net position 8,873 (25,326) Net Position - beginning of the year 21,027 30,501
Net Position - end of the year 29,900$ 5,175$

CITY OF GLENDALE
Statement of Changes in Fiduciary Net Position
June 30, 2024
(amounts expressed in thousands)
See accompanying notes to basic financial statements
46 269 of 532

NOTES TO THE

BASIC FINANCIAL STATEMENTS
270 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Reporting E
ntity
These financi
al statements present the financial results of the City of Glendale, California (the City) and its component units as required by generally accepted accounting principles in the United States of America.

Component units are legally separate entities for which the primary government is financially accountable.

The City has two component units: the Glendale Housing Authority (the Housing Authority) and the Glendale Municipal Financing Authority (the Municipal Financing Authority). The City Council serves as the Board of the Housing Authority and the Municipal Financing Authority. Management of the City has operational responsibility for the Housing Authority and the Municipal Financing Authority as these component units are essentially managed in the same manner as other City departments. Also, the Municipal Financing Authority provide financial services entirely to the City. Therefore, these entities are reported as blended component units within the City’s annual comprehensive financial report. Both the City and its blended component units have a June 30 year-end.

Component Units
The Housing Authority was established by the Glendale City Council in 1975. The Housing Authority administers nine affordable housing program funds on behalf of the City, including (1) the Department of Housing and Urban Development (HUD) Housing Assistance Fund (often called “Section 8”), (2) the HUD HOME Grant Fund, (3) the HUD Continuum of Care Grant Fund, (4) the Affordable Housing Trust Fund that receives density bonus, inclusionary and other local affordable housing funds, (5) the state funded BEGIN Affordable Homeownership Fund, (6) the Low and Moderate Income Housing Asset Fund, (7) 2011 TABs Housing Fund, and (8) the Housing Development Impact Fee Fund, and (9) the Permanent Local Housing Allocation Fund. The Housing Authority’s mission is to provide decent, safe, and sanitary dwellings for low to moderate income families, to preserve existing affordable housing, and to increase the supply and quality of new affordable housing. The Housing Authority's financial data and transactions are included within special revenue funds and capital project fund, and no separate financial report is issued for the Authority.

The Municipal Financing Authority was established on April 9, 2019, by a joint powers authority between the City of Glendale and the Housing Authority. The stated purpose was to assist in refinancing the 2000 Variable Rate Demand Certificates of Participation under the Financing Authority. On June 25, 2019, the Municipal Financing Authority issued $24,925 fixed-rate bonds to refinance the 2000 Variable Rate Demand Certificates of Participation.

The Municipal Financing Authority’s financial data and transactions are included within the Police Building 2019 Lease Revenue Refunding Bonds Fund, and no separate financial report is issued for the Municipal Financing Authority.

Government-wide and Fund Financial Statements
The gove
rnment-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the activities of the City except for the fiduciary fund. The effect of interfund activity has been removed from these statements except for the interfund services provided and used. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for services.

The statement of activities demonstrates the degree to which the direct expenses of a given function are offset by program revenues. Direct expenses are clearly identifiable with a specific function. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function, and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function. Taxes and other items not included in program revenues are reported as general revenues.

Separate fund financial statements are provided for governmental, proprietary, and the fiduciary funds. Major individual governmental and enterprise funds are reported as separate columns in the fund financial statements. 47 271 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

The accounts of the City are organized by funds, each of which is considered to be a separate accounting entity.

The operations of each fund are accounted for by providing a separate set of self-balancing accounts which are comprised of its assets, deferred outflows of resources, liabilities, deferred inflows of resources, fund balance or net position, revenues, and expenditures or expenses, as appropriate. The City reports a total of 75 funds, which are comprised of the General Fund, 4 fiduciary funds, 37 special revenue funds, 1 debt service fund, 11 capital project funds, 6 enterprise funds and 15 internal service funds.

Governmental Fund Types

Governmental fund types are those funds through which most governmental functions typically are financed.

Governmental fund reporting focuses on the sources, uses, and balances of current financial resources. Expendable assets are assigned to the various governmental funds according to the purposes for which they may or must be used, current liabilities are assigned to the fund from which they are paid, and the difference between governmental fund assets and deferred outflows, and liabilities and deferred inflows is the fund balance.

The following comprise the City's major governmental funds:

 General Fund: Used to account for all financial resour ces, except those required to be accounted for in another fund.

 Housing Assistance - Special Revenue Fund: Used to account for monies received and expended by the City under Section 8 of the Federal Housing and Urban Development Act for housing assistance to low and moderate income families.

 Capital Improvement - Capital Project Fund: Used to account for financial resources used for major capital projects of the general government operations. The City has categorized the capital improvement fund as a major fund for public interest reasons. The City believes that this judgmentally determined major fund is particularly important to the financial statements users.

Other governmental funds consist of debt service funds which are used to account for the accumulation and disbursement of financial resources that will be used to make principal and interest payments on long-term debt of the City of Glendale, special revenue funds which account for revenue derived from specific sources as required by law, regulation or commitment, and capital projects funds which are used to account for financial resources used for the acquisition of major capital facilities other than those financed by special revenue and proprietary funds.

Proprietary Fund Types
Proprietary fund types are used to account for a government's ongoing organizations and activities which are similar to those often found in the private sector.

Enterprise funds are used to finance and account for the acquisition, operation, and maintenance of the City's facilities and services which are supported primarily by user charges. The following comprise the City's major enterprise funds:

 Sewer Fund – Used to account for operations and maint enance of the sewer system. A significant portion of the annual appropriation pays for the operation of two wastewater treatment facilities operated by the City of Los Angeles.

 Electric Fund – Used to account for the operatio ns of the City-owned electric utility services.

 Water Fund – Used to account for the operations of the City-owned water utility services.

48 272 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

Other nonmajor enterprise funds consist of Refuse Disposal, Fiber Optic and Fire Communication Funds. The Refuse Disposal Fund is used for the operations of the City-owned refuse collection and disposal services. The Fiber Optic Fund is used for the design and construction of the City-owned fiber-optic network backbone. The Fire Communication Fund is used for the monies received and expended, for the tri-city (Burbank, Glendale, and Pasadena) fire communication operations as the lead City.

Additionally, Internal service funds account for fleet management, technology and wireless equipment management and replacement, building maintenance, compensated absences, retiree health savings plan, other post-employment benefits, and risk management services (including claims for workers’ compensation, general liability, medical, dental, vision, and unemployment) provided to other departments or agencies of the government, or to other governments on a cost-reimbursement basis. Effective FY 2023-24, the Employee Benefits Fund is renamed as Compensated Absences Fund to better reflect the purpose of the fund.

Fiduciary Fund Type

The fiduciary fund is used to account for resources held for the benefit of parties outside the City. The City maintains two different types of fiduciary funds. Private-purpose trust funds are used to report all fiduciary activities that (a) are not required to be reported in pension (and other employee benefit) trust funds or investment trust funds and (b) are held in the trust that meets certain criteria. The City uses private-purpose trust fund to account for its Glendale Successor Agency Fund. Custodial funds are used to report fiduciary activities that are not required to be reported in pension (and other employee benefit) trust funds, investment trust funds, or private-purpose trust funds. The City uses custodial funds to account for its ICI System Fund and Unclaimed Evidence Fund. In January 2024, ownership of the assets of the Regional Housing Trust JPA Fund was transferred from the City’s custody to the Burbank- Glendale-Pasadena Regional Housing Trust. As a result, the Regional Housing Trust JPA Fund is no longer a City’s fiduciary fund after FY 2023-24. Please see detailed fund descriptions in the Custodial Funds section.

Since the resources of the fiduciary fund are not available to support the City’s programs, it is not reflected in the City’s government-wide financial statements. The accounting used for the fiduciary fund is based on the economic measurement focus and the accrual basis of accounting.

In accordance with the provisions of the State of California AB X1 26 (Bill) and the California Supreme Court’s decision to uphold the Bill, the assets and liabilities of the former redevelopment agency are being reported in a Fiduciary Private-Purpose Trust Fund. The Bill provides that upon dissolution of a redevelopment agency, either the City or another unit of local government will agree to serve as the “Successor Agency” to hold the assets until they are distributed to other units of state and local government. In accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on December 29, 2011) all redevelopment agencies in the State of California were dissolved and ceased to operate as a legal entity as of February 1, 2012. The assets and liabilities of the former Redevelopment Agency (Agency) were transferred to the Successor Agency to the City of Glendale Redevelopment Agency on February 1, 2012, as a result of the dissolution of the Agency. The City is acting in a fiduciary capacity for the assets and liabilities.

Measurement Focus and Basis of Accounting

The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary and fiduciary fund financial statements. Revenues are recorded when earned, and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows.

Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues.

Likewise, general revenues include all taxes.

49 273 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon after to pay liabilities of the current period. For this purpose, the City considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Under the modified accrual basis of accounting, expenditures are generally recorded when a liability is incurred. However, debt service expenditures, as well as expenditures related to compensated absences, other post employment benefits (OPEB), claims and judgments, are recorded only when payment is due.

Intergovernmental revenues are recognized in the period when all eligibility requirements imposed by the provider are met, and amounts are available.

Licenses and permits, fines and forfeitures, and miscellaneous revenues are recorded as revenue when received in cash because they are generally not measurable until actually received. In the category of use of money and property, property rentals are recorded as revenue when received in cash. However, since investment earnings are measurable and available, they are recorded as earned.

All property taxes are collected and allocated by the County of Los Angeles to the various taxing entities. Property taxes are determined annually on January 1st and assessed as enforceable liens on real property as of July 1st.

Taxes are levied on both secured and unsecured property as it exists on record as of January 1 st. The tax levy
covers the fiscal period July 1 to June 30. The secured property taxes are due November 1st and February 1st and are delinquent if not paid by December 10th and April 10th, respectively. Property taxes on the unsecured roll are due upon receipt and become delinquent if unpaid on August 31st. Property tax revenues are recognized in the fiscal period for which they are levied and collected.

Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with the proprietary funds’ principal ongoing operations. The principal operating revenues of the City's enterprise and internal service funds are charges to customers for sales and services. Operating expenses for enterprise and internal service funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses.

Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources, and Fund Balance or Net Position

Pooled Cash and Investments

The City combines the cash and investments of all funds into a pool except for funds required to be held by outside fiscal agents under the provisions of bond indentures. Each fund’s portion of the pooled cash and investments is displayed on the governmental funds’ balance sheets, the proprietary funds’ statement of net position, or the fiduciary fund’s statement of net position.

The City values its cash and investments at fair value in the statement of net position and recognizes the corresponding change in the fair value of investments in the year in which the change occurred. The City categorizes the fair value measurements of its investments based on the hierarchy established by generally accepted accounting principles. The fair value hierarchy, which has three levels, is based on the valuation inputs used to measure an asset’s fair value: Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs.

The City manages its pooled idle cash and investments under a formal investment policy that is reviewed by the Investment Committee, adopted by the City Council and follows the guidelines of the State of California Government Code. Individual investments cannot be identified with any single fund because the City may be required to liquidate its investments at any time to cover large outlays required more than normal operating needs.

50 274 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

Interest income from the pooled cash and investments is allocated to all applicable funds on a monthly basis based upon the prior month-end cash balance of the fund and as a percentage of the month-end total pooled cash balance.

For purposes of the statement of cash flow of the proprietary fund types, cash and cash equivalents include all pooled cash and investments, restricted cash, designated cash, and cash with fiscal agents with an original maturity of three months or less. The City considers the cash and investments pool to be a demand deposit account where funds may be withdrawn and deposited at any time without prior notice or penalty.

Cash and Investments with Fiscal Agents

The City hired Bank of New York Mellon as its trustee or fiscal agent to oversee the implementation of a bond or trust indenture for the Glendale Municipal Financing Authority 2019 Lease Revenue Bonds, Electric Revenue Bonds and Water Revenue Bonds.

Investment-gas/electric commodity

As of June 30, 2024, the City holds $9,023 of investment that involves simultaneous purchase and sell of physical California Carbon Allowances (CCAs) through an exchange traded platform that removes the majority of credit and financial risk from counterparties. The City purchases and holds the CCAs for a period of time and earn a fixed rate of return, and this derivative instrument is considered an investment and not hedging for accounting purposes.

Restricted Cash and Investments

Governmental Activities have $102,232 in restricted cash and investments as of June 30, 2024. $41,279 in the General Fund is for investments in the pension rate stabilization program that is invested in an Internal Revenue Code Section 115 Trust Fund. $60,953 in the Landfill Postclosure capital project fund is for the post-closure maintenance cost of Scholl Canyon landfill.

Electric Fund has $116,573 in restricted cash and investments as of June 30, 2024. $64,947 is for the unspent bond proceeds of Electric Revenue Bonds, 2024 Series. $50,949 is for the environmental compliance mandated by the California Air Resources Board (CARB) dedicated to the reduction of carbon emissions and provide educational programs for the improvement of public health in Glendale. $677 is for low carbon fuel standard program offered by the California Air Resources Board (CARB) to reduce the carbon intensity of transportation fuels used in California and provide local EV programs, including education, outreach, installation of public EV charging infrastructure and EV rebate programs.

Designated Cash and Investments
The cash reserve policies for the Electric Fund and the Water Fund were first established in 2003. Its provisions call for an annual review to determine if the recommended levels are sufficient. The annual review of the cash reserve policy for the Electric Fund as of June 30, 2024 established a target of $124,100 in the following categories: $57,700 for operating reserve, $40,400 for contingency reserve; $10,000 for rate stabilization reserve, and $16,000 for gas reserve project. As of June 30, 2024, $124,100 was reserved in the Electric Fund. The annual review of the cash reserve policy for the Water Fund as of June 30, 2024 established a target of $61,518 in the following categories:
$44,721 for operating reserve, $15,303 for contingency reserve; and $1,494 for rate stabilization reserve. As of June 30, 2024, $11,300 was reserved in the Water Fund in the following categories: $3,800 for operating reserve, $6,500 for contingency reserve, and $1,000 for rate stabilization reserve.

As of June 30, 2024, the City has designated cash and investments of $9,000 with Southern California Public Power Authority (SCPPA) for future use in power purchase projects. As of June 30, 2024, the City has designated cash deposits of $18,254 with StoneX Financial Inc. for physical and financial transactions (exchange traded) to help offset and manage overall exposure to price fluctuations in power, gas, and emission commodities, which represents the City’s implementation of a program to purchase and sell options, calls and puts, in natural gas futures contracts and power and emission commodities at strike prices and allow the City to stabilize the ultimate price of natural gas and emission commodities for the City’s power plant.

51 275 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)
Receivables
Interest
Receivable – The City accrues interest earned but not received.

Accounts Receivable – These are comprised primarily of revenues that have been earned but not yet received by the City as of June 30th from individual customers, private entities, and government agencies. This account includes accrued revenues due from other agencies for expenditure driven types of grants whereby the City accrues grant revenues for expenditures or expenses incurred but not yet reimbursed by the grantors. Also, included in this amount are property taxes, sales taxes, to name a few, are earned but not received as of June 30th of each year.

In addition, it includes charges for utility and other services provided to customers prior to year-end but not billed as of June 30th because of the billing cycle timing. Management determines the allowance for doubtful accounts by evaluating individual customer accounts. Utility customer closed accounts are written off when deemed uncollectible.

Recoveries to utility customer receivables previously written off are recorded when received. For non-utility accounts receivable, delinquent notices are sent out to customers with outstanding balances after 30 days. Outstanding accounts over 60 days are forwarded to a collection agency. As of June 30, 2024, allowance for doubtful accounts included in the accompanying financial statements are as follows: government-wide governmental activities $417, government-wide business-type activities $1,412, Housing Assistance fund $366, non-major governmental funds $51, Sewer fund $104, Electric fund $1,120, Water fund $103 and non-major enterprise funds $85.

Loans Receivable – The City has loans receivable from the various Glendale residents and organizations for affordable housing assistance. See Note 4 for more information.

Lease Receivable – The City measures lease receivable at the present value of lease payments expected to be received during the lease term. Interest revenue is recognized ratably over the contract term.

PPP (Public-Private and Public-Public Partnership) Receivable – The City measures PPP receivable at the present value of the installment payments expected to be received during the PPP term. Interest revenue is recognized ratably over the contract term.

Interfund Transactions
Interfund services provided and used would be treated as revenues and expenditures or expenses if the funds are involved. External organizations to the City’s government are accounted for as revenues, referred to as seller funds, and expenditures or expenses, referred to as purchaser funds, in the funds involved. For the fiscal year ended June 30, 2024, the General Fund recorded $19,035 as interfund revenue for general government services provided to other funds.

Due to/from Other Funds are used when a fund has a temporary cash overdraft. Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as “internal balances.”
Transfers in or out are authorized budgetary exchanges of cash between funds.

Inventories and Prepaid Items
Inventories, consisting primarily of construction and maintenance materials as well as tools held by the Electric Fund, are stated at cost, using the weighted average cost method or disposal value. Inventory shown in the General Fund and the Fleet/Equipment Management Fund consists of expendable supplies held for consumption. The consumption method of accounting is used where inventory acquisitions are recorded in inventory accounts initially and charged as expenditures when used. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements using the consumption method, such as insurance, energy purchases, rent, etc. 52 276 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

Capital Assets

Capital assets including land, buildings, improvements, mobile equipment, equipment, intangible, and infrastructure assets (e.g. roads, sidewalks, traffic lights and signals, street lights, etc.), are reported in the applicable governmental or business-type activities columns in the government-wide and respective proprietary fund financial statements.

Capital assets are defined by the City as assets with an initial, individual cost of $10 or $100 in aggregate and an estimated useful life more than one year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation. Capital outlay is recorded as expenditures of the General Fund, special revenue and capital project funds, and as assets in the government-wide financial statements to the extent the City’s capitalization is met. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Building and improvements, infrastructure and equipment assets are depreciated using the straight-line depreciation at the beginning of the following fiscal year over the following estimated useful lives:

Capital Assets Years

Building and Improvements
General Structure and Parking Lot Landscaping Improvements 10 Building and Parking Lot Improvements 20
Land Improvements 30
Buildings, Parks and Wastewater Capacity Upgrades 40
Transmission-Off System 50
Reservoir 65
Local Sewer System 80
Machinery and Equipment
Copier, Computer Systems 3-5
Police Patrol Cars 3-4
SUV, Motorcycles, Passenger Cars 3-8
Trucks, Cargo Vans, Street Sweepers 6-10
Dump/Tractor Trucks 10-12
Helicopters 20
Trailer Trucks/Emergency Response Engines 10-20
Intangible
Wastewater Treatment Plan and Conv eyance System Facilities 40 Computer Software 2-8
Infrastructure (non-sewer)
Traffic Signals 15
Potable-Services 20
Supply-Mains and Wells 25
Supply-Structure Improvements 30
Supply-Springs, Tunnels, and Potable-Hydrants 40
Streets, Paved Streets, Paved Alleys and Sidewalks 50
Potable-Mains 75

In June 2005, the City elected to participate in the Natural Gas Reserve Project through SCPPA and entered into a 25-year Gas Sales Agreement with SCPPA for up to 2,000 MMBtu per day. The project calls for the acquisition and development of gas resources, reserves, fields, wells, and related facilities to provide a long-term supply of natural gas for its participants. The first acquisition was completed on July 1, 2005, with the total cost to the participants at $306,100. The City’s initial share in the project was $13,178 or 4.26%. Subsequently, capital drilling costs of $8,998

53 277 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

had been capitalized. As of June 30, 2024, the balance for Natural Gas Reserve Project, net of accumulated natural gas depletion was $6,365.

Lease assets represent the City’s control of the right to use an underlying asset for the lease term, as specified in the contract, in an exchange or exchange-like transaction. Lease assets, which include land, structures, mobile equipment, and equipment, follow the same capitalization threshold of $10 as capital assets. Lease assets are reported in the applicable governmental and business-type activities columns in the government-wide and respective proprietary fund financial statements. Lease assets are recorded at the amount of the initial measurement of the lease liabilities and modified by any lease payments made to the lessor at or before the commencement of the lease term, less any lease incentive received from the lessor at or before the commencement of the lease term along with any initial direct costs that are ancillary charges necessary to place the lease asset into service. Lease assets are amortized using a straight-line amortization over the shorter of the lease term or useful life of the underlying asset.

SBITA (Subscription-Based Information Technology Arrangements) assets represent the City’s control of the right to use another party’s Information technology software, alone or in combination with tangible capital assets, as specified in the contract for a period of time in an exchange or exchange-like transaction. SBITA assets, follow the same capitalization threshold of $10 as capital assets. SBITA assets are reported in the applicable governmental and business-type activities columns in the government-wide and respective proprietary fund financial statements.

SBITA assets are recorded at the amount of the initial measurement of the SBITA liabilities and modified by any SBITA payments made to the SBITA vendor at or before the commencement of the SBITA term, less any SBITA incentive received from the SBITA vendor at or before the commencement of the SBITA term along with any initial direct costs that are ancillary charges necessary to place the SBITA asset into service. SBITA assets are amortized using a straight-line amortization over the shorter of term of the arrangement or useful life of the underlying asset.

Long-term Debt

In the government-wide financial statements and the proprietary fund types in the fund financial statements, long- term debt, and other obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary and fiduciary fund statements of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are expensed when incurred. In the governmental funds’ statement of revenues, expenditures and changes in fund balances, issuance of debt is recorded as other financing source or use in the respective fund. Issuance costs and payment of principal are reported as debt service expenditures.

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.

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.

54 278 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

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 $44,631 which is comprised of liabilities from two internal service funds: Compensated Absences Fund and Retiree Health Savings Plan Benefits Fund.

The City records the expense and liability for its employees’ earned but unused accumulated vacation and comp time in the Compensated Absences Fund. As of June 30, 2024, the liability is $20,412, and the City has $19,885 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 employees’ hourly pay rate 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, 2024, the actuarial accrued liability is $24,219, and the City has $16,407 available in cash dedicated to this liability in the Fund. The actuarial accrued liability of June 30, 2024 is estimated based on most recent actuarial valuation report as of June 30, 2023, adjusted for actual benefit payments made in FY 2023-24, assuming no gains/losses and no changes in methods or assumptions.

Changes in the City’s compensated absences liability as of June 30, 2024 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.

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).

Balance
at June 30,
2023

Benefits
earned

Usa
ge
Balance
at June 30,
2024

Due within
One Year
$ 32,426 18,289 6,084 44,631 2,792

55 279 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

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 $1,353,831 of net investment in capital assets, $332,801 of restricted net position, and $167,958 of unrestricted net position.

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

56 280 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

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, 2024 is $201,053, which consists of $3,093 loss on refunding, $195,556 related to pensions, and $2,404 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, 2024 is $59,456, which consists of $5,020 gain on refunding, $10,061 related to pensions, $8,894 related to OPEB, $33,518 related to leases, and $1,963 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 $213 in the General Fund, $79 in the Housing Assistance Fund, and $24,569 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.

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.

57 281 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

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, 2024:

Fund
Amounts Over Expended

Affordable Housing Trust Fund $ 4

In FY 2023-24, there were hourly wages charged to the Affordable Housing Trust Fund that was not budgeted for which had contributed to the actuals being slightly 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.

58 282 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

NOTE 3 – CASH AND INVESTMENTS

The City’s cash and investments as of June 30, 2024 consist of the following:

Governmental and business-type activities:

Investments $ 1,114,252
Investment-gas/electric commodity 9,023
Cash and investments with fiscal agents 32,946
1,156,221
Petty cash 13
Cash held in financial institutions 99,867
Total $ 1,256,101

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

Pooled cash and investments $ 832,673
Cash and investments with fiscal a
gents 32,946
Investment-gas/electric commodity 9,023
Restricted cash and investments 218,805
Desi
gnated cash and investments 162,654
Total $ 1,256,101

Fiduciary activities:

Cash and investments

$ 42,397
Cash held in financial institutions -
Total $ 42,397

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

Cash and investments

$ 42,368
Restricted cash and investments 29
Total $ 42,397

59 283 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(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
California Asset Management Program N/A CAMP
maximum (set
by the State)
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.

60 284 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

Governmental and business-type activities:

Remaining Maturity (in Months) as of June 30, 2024
Total
12 Months
or Less
13 to 24
Months
25 to 60
Months
More than
60 Months
Federal Agency Term Notes $ 171,689 35,871 18,760 117,058 - Federal Agency Callable Bonds 257,733 19,703 70,391 167,639 - Commercial Paper 4,969 4,969 - - -
Medium Term Notes 148,806 15,358 18,631 114,817 -
Obligations of Other States 77,528 5,152 24,068 48,308 - State and Municipal Bonds 85,884 18,023 14,899 52,962 - State Investment Pool 902 902 - - -
CA Asset Management Program 191,899 19,899
Los Angeles County Pool 14,446 14,446 - - -
U.S. Treasury Notes 110,117 39,345 37,923 32,849 -
Investment Derivative Instrument 9,023 9,023 - - -
Held by Other Financial Institutions:

Federal Agency Term Notes 3,968 3,968 - - -
U.S. Treasury Notes 2,495 2,495 - - -
Money Market Accounts 2,537 2,537 - - -
Section 115 Trust Fund:

Money Market Accounts 1,461 1,461 - - -
Money Market Mutual Funds 39,818 39,818 - - -
Held by Fiscal Agents:

Mone y Market Accounts 30,548 30,548 - - -

Guaranteed Investment
Contracts 2,398

- - - 2,398
$ 1,156,221 435,518 184,672 533,633 2,398

Fiduciary activities:

Remaining Maturity
(in months)
as of June 30, 2024
Total 12 Months or Less

State Investment Pool $ 5,713 5,713
CA Asset Management Program 5,248 5,248
Money Market Mutual Funds 31,436 31,436
$ 42,397 42,397

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

61 285 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

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.

Governmental and business-type activities:

Moody’s Rating as of June 30, 2024
Total Aa1 Aa2 Aa3 Aaa P1 Unrated
Federal Agency Term Notes $ 171,689 - - - 171,689 - -
Federal Agency Callable Bonds 257,733 - - - 257,733 - - Commercial Paper 4,969 - - - - 4,969 -
Medium Term Notes 148,806 9,984 22,429 13,158 103,235 - - Obligations of Other States 77,528 34,222 23,886 - 19,420 - - State and Municipal Bonds 85,884 11,749 55,886 10,113 8,136 - - State Investment Pool 902 - - - - - 902
CA Asset Management Program 191,899 - - - - - 191,899 Los Angeles County Pool 14,446 - - - - - 14,446
U.S. Treasury Notes 110,117 - - - 110,117 - -
Investment Derivative Instrument 9,023 - - - - - 9,023 Held by Other Financial Institutions:

Federal Agency Term Notes 3,968 - - - 3,968 - -
U.S. Treasury Notes 2,495 - - - - - 2,495
Money Market Accounts 2,537 - - - - - 2,537
Section 115 Trust Fund:

Money Market Accounts 1,461 - - - - - 1,461
Money Market Mutual Funds 39,818 - - - - - 39,818
Held by Fiscal Agents:

Money Market Accounts 30,548 - - - 30,548 - -
Guaranteed Investment Contracts 2,398 - - - - - 2,398 $ 1,156,221 55,955 102,20 1 23,271 704,846 4,969 264,979

Fiduciary activities:

Moody’s Rating
as of June 30, 2024
Total Unrated

State Investment Pool $ 5,713 5,713
CA Asset Management Program 5,248 5,248
Money Market Mutual Funds 31,436 31,436
$ 42,397 42,397

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.

62 286 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(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, 2024 are as follows:

Governmental and business-type activities:

Issuer

Investment Type
Reported
Amount

FHLB Federal Agency Callable Bonds $ 252,756
Federal Agency Term Notes 152,183
Total $ 404,939

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.

California Asset Management Program

The City is a voluntary participant in the California Asset Management Program (CAMP) which is a permitted investment for all local agencies under California Government Code Section 53601. The City’s investment in CAMP pool operates in a manner consistent with SEC Rule 2a-7, “Money Market Funds,” of that Act. Accordingly, CAMP pool meets the definition of a “2a-7 like pool” set forth in GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools. CAMP 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

63 287 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

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.

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, 2024, 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, 50% equity and 45% 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, 2024, was $41,279 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

64 288 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

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.

Deposits and withdrawals in governmental investment pools, such as LAIF, CAMP 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, 2024. 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.

65 289 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

As of June 30, 2024, 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 $ 171,689 - 171,689 -
Federal A gency Callable Bonds 257,733 - 257,733 -
Commercial Paper 4,969 - 4,969 -
Medium Term Notes 148,806 - 148,806 -
Obli gations of Other States 77,528 - 77,528 -
State and Municipal Bonds 85,884 - 85,884 -
U.S. Treasur y Notes 110,117 - 110,117 -
Investment Derivative Instrumen t 9,023 - 9,023 -
Held b y Other Financial Institutions:

Federal Agency Term Notes 3,968 - 3,968 -
U.S Treasur y Notes 2,495 - 2,495 -
Section 115 Trust Fund:

Mone y Market Mutual Funds 39,818 - 39,818 -
Total investments b y fair value level 912,030 - 912,030 -

Investments not subject to fair value
hierarch
y:

State Investment Pool 902
CA Asset Mana gement Program 191,899
Los An geles County Pool 14,446
Held b y Other Financial Institutions:

Mone y Market Accounts 2,537
Section 115 Trust Fund:

Mone y Market Accounts 1,461
Held b y Fiscal Agents:

Mone y Market Accounts 30,548
Guaranteed Investment Contracts 2,398

Total investments not subject to fair
value hierarch
y 244,191

$ 1,156,221

66 290 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(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 $ 31,436 - 31,436 -
Total investments by fair value level 31,436 - 31,436 -

Investments not subject to fair value
hierarchy:

State Investment Pool 5,713

CA Asset Management Program 5,248

Total investments not subject to
fair value hierarchy 10,961

$ 42,397

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, 2024, the outstanding loan total is $0.

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, 2024, $1,041 is outstanding and recorded as loans receivable: $96 is recorded in the CDBG Fund, $172 is recorded in the Home Grant Fund, and $773 is recorded in the Low & Moderate Income Housing Asset Fund.

67 291 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(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, 2024, the forgivable loan amount of $2,846 is outstanding, and is not recorded in the financial statements. As of June 30, 2024, 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, 2024, 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, 2024, the non-forgivable amount is $5,764 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, LMIHA, State of California’s Permanent Local Housing Allocation Fund, and local Measure S fund, 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, 2024, the forgivable loan amount at the end of the term is $3,752 and is not recorded on the financial statements. As of June 30, 2024, 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, 2024, the non-forgivable (no recourse) amount is $165,337 and is recorded as loans receivable and as allowance for uncollectible. Accordingly, the net loans receivable is zero.

68 292 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(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, 2024 consist of the following:

Due to General Fund from:

Nonma jor governmental funds $ 2,204

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 $ 24,120 Fund General Fund operations per Charter

Transfer to Capital Improvement Fund from:

General Fund 23,163 Fund capital improvement pro jects

Transfers to nonmajor governmental funds from:

General Fund 1,635
Fund Nutritional Meals Grant matching and
debt service payments
Transfers to internal service funds from:

General Fund 4,800
Fund Fleet Management Fund and
Building Maintenance Fund

Total Interfund Transfers $ 53,718

69 293 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

NOTE 6 – CAPITAL ASSETS

Capital asset for Governmental activities for the year ended June 30, 2024 was as follows:

Balance at
Jul
y 1 Increases Decreases Reclass
Balance at
June 30*
Capital assets, not bein g depreciated:

Land $ 459,195 - - - 459,195
Construction in pro gress 21,053 50,130 - (6,956) 64,227 Total assets not bein g depreciated 480,248 50,130 - (6,956) 523,422

Depreciable and amortizable capital
a s s e t s :

Buildin
g and improvements 471,047 2,286 - 1,060 474,393
M a c h i n e ry and equipment 134,338 8,727 (2,278) 242 141,029 Infrastructure 374,379 5,832 - 5,654 385,865
Intan gible 8,663 394 (246) - 8,811
R i ght-to-use lease asset 2,976 295 - - 3,271
Subscription assets 9,345 2,161 (457) - 11,049
Total other capital assets at cos t 1,000,748 19,695 (2,981) 6,956 1,024,418

Less accumulated depreciation and
amortization:

Buildin
g and improvements 226,148 12,497 - - 238,645
M a c h i n e ry and equipment 96,205 7,639 (2,257) - 101,587 Infrastructure 154,599 9,993 - - 164,592
Intan gible 3,657 866 (246) - 4,277
R i ght-to-use lease asset 406 835 - - 1,241
Subscription assets 2,533 3,250 (457) - 5,326

Total accumulated depreciation and
amortization 483,548 35,080 (2,960) - 515,668

Total assets being depreciated and
amortized, net 517,200
(15,385) (21) 6,956 508,750
Governmental activities capital assets, net $ 997,448 34,745 (21) - 1,032,172

*$98,629 of buildings, improvements, machinery, equipment, construction in progress, intangible assets, lease, and subscription from internal service funds are included in governmental activities. $60,880 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, 2024 as follows:

General Government $ 4,715
Police 3,860
Fire 757
Public Works 17,066
Parks, Recreation and Communit
y Services 3,653
Library 1,513
Transportation 1,938
Housing, Health and Community Development 903
Employment Programs 675
Total depreciation and amortization expense $ 35,080

70 294 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

Capital asset for Business-type activities for the year ended June 30, 2024 was as follows:

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

Land $ 9,557 - - - 9,557
Construction in progress 32,733 144,696 (163) (8,020) 169,246 Right-to-use lease asset - land 272 - - - 272
Total assets not being depreciated 42,562 144,696 (163) (8,020) 179,075

Depreciable, depletable, and
amortizable capital assets:

Building and improvements 312,151 1,520 (296) 2,041 315,416 Machinery and equipment 522,003 17,760 (16,346) 5,979 529,396 Infrastructure 183,855 115 - - 183,970
Natural gas reserve 22,175 1 - - 22,176
Intangible 118,065 2,869 - - 120,934
Subscription assets 130 662 (35) - 757
Total other capital assets at cost 1,158,379 22,927 (16,677) 8,020 1,172,649

Less accumulated depreciation,
depletion, and amortization:

Building and improvements 131,075 5,723 (52) - 136,746 Machinery and equipment 365,552 20,739 (15,516) - 370,775 Infrastructure 73,919 3,797 - - 77,716
Natural gas reserve 15,162 649 - - 15,811
Intangible 64,434 3,122 - - 67,556
Subscription assets 65 214 (35) - 244
Total accumulated depreciation,
depletion and amortization 650,207 34,244 (15,603) - 668,848

Total assets being depreciated,
depleted, and amortized, net 508,172 (11,317) (1,074) 8,020 503,801

Business-type activities capital assets, net $ 550,734 133,379 (1,237) - 682,876

Depreciation, depletion, and amortization expense was charged to functions of the City’s Business-type activities for the year ended June 30, 2024 as follows:

Sewer $ 6,685
Electric 17,341
Water 7,341
Refuse Disposal 2,234
Verdu
go Fire Communication 643
Total depreciation, depletion, and amortization expense $ 34,244

71 295 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

NOTE 7 – LONG-TERM DEBT

The City’s long-term debt as of June 30, 2024 consists of the following:

Bonds payable

Governmental activities:

Issuance
Amount
Balance
at July 1 Additions Retirements
Balance
at
June 30
Due
within
one year
Lease revenue refunding bonds

GMFA 2019 lease revenue refunding bonds $ 24,925 17,305 - 2,125 15,180 2,230 GMFA 2019 lease revenue bonds premium - 3,350 - 485 2,865 484 Total Governmental activities $ 24,925 20,655 - 2,610 18,045 2,714

The City has outstanding long-term bonded-debt for governmental activities of $18,045 of which has no direct borrowing and no direct placements related to governmental activities as of June 30, 2024. The City also has no outstanding or unused line of credit related to long-term debt of governmental activities as of June 30, 2024. The governmental activities bonds payable contains a provision that Glendale Municipal Financing Authority will not pledge to collateral any assets owned by the City, but the Lease Agreement permits the Glendale Municipal Financing Authority and its Trustee to take possession of and re-lease the Police Building in the event of a default by the City. The governmental activities bonds payable has no remedy of acceleration of any lease payments which has not come due and payable in accordance with the Lease Agreement. The governmental activities bonds payable contains an event of default that changes the timing of repayment of outstanding principal and interest to become immediately due if the City is unable to make payment.

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 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 $2,230 to $2,850 annually from FY 2024-25 to FY 2029-30. Outstanding principal balance at June 30, 2024 was $15,180.

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

72 296 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

at a rate sufficient to meet the debt service requirements of the outstanding bond indebtedness on the leased property.

Business-type activities:

Issuance
Amount
Balance
at July 1 Additions Retirements
Balance
at
June 30
Due
within
one year
Revenue bonds
Electric revenue bonds, 2013 refunding series $ 20,510 13,395 - 13,395 - - Electric revenue bonds, 2013 series 60,000 49,655 - 49,655 - - Electric revenue bonds, 2016 refunding series 72,615 54,400 - 3,590 50,810 3,760 Electric revenue bonds, 2024 refunding series 52,580 - 52,580 - 52,580 2,820 Electric revenue bonds, 2024 series 166,890 - 166,890 - 166,890 2,330 Electric revenue bonds premium - 16,078 31,648 5,981 41,745 1,990 Water revenue bonds, 2012 series 35,000 32,030 - 615 31,415 650 Water revenue bonds, 2020 refunding series 36,625 31,725 - 1,725 30,000 1,765 Water revenue bonds premium - 3,303 - 220 3,083 221
Total Business-type activities

$ 444,220 200,586 251,118 75,181 376,523 13,536

The City has outstanding long-term bonded-debt for business-type activities of $376,523, has no direct borrowings, and no direct placements related to business-type activities as of June 30, 2024. The City also has no outstanding or unused line of credit related to long-term debt of business-type activities as of June 30, 2024. 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 $472,550 through FY 2050-54. The bonds are payable solely from Electric utility’s net income and are expected to require the net income to be at least equal to

1.10 times the amount of the annual debt services as they become due each fiscal year. The rates to be charged for services furnished by the Electric utility should incorporate the debt service requirements to provide revenues sufficient to pay, as the principal and interest become due. The Electric revenue bonds are secured with amounts on deposit in account established under the indenture, including the reserve account. As of June 30, 2024, the parity reserve fund has a balance of $9,972 held by the Trustee. Total debt service paid and total net available revenues for debt service coverage for FY 2023-24 were $12,173 and $96,780, 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 for cost of issuance.

The Electric Revenue Bonds, 2013 Refunding Series were refunded in February 2024 with the Electric Revenue Bonds, 2024 Refunding Series. Accordingly, the liability for the defeased bonds has been removed from the long-term debt.

73 297 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

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 for the cost of issuance.

The Electric Revenue Bonds, 2013 Series were refunded in February 2024 with the Electric Revenue Bonds, 2024 Refunding Series. Accordingly, the liability for the defeased bonds has been removed from the long-term debt.

Electric Revenue Bonds, 2016 Refunding Series

The Electric utility of Glendale Water & Power issued $72,615 in revenue bonds in May 2016 to provide money for the refunding of all of the City’s outstanding Electric Revenue Bonds, 2006 Refunding Series (2006 Bonds), a portion of the City’s outstanding Electric Revenue Bonds, 2008 Series (2008 Bonds), to finance the costs of acquisition and construction of certain improvements to the City’s electric public utility and paying the costs of issuance of the 2016 Bonds. The bond proceeds were deposited in an escrow account and were used to refund the Electric Revenue Bonds, 2006 Refunding Series and a portion of the outstanding Electric Revenue Bonds, 2008 Series through a legal defeasance. The 2006 Bonds and 2008 Bonds were redeemed on June 3, 2016 and February 1, 2018, respectively both at a redemption price of 100% of the principal amount thereof plus accrued interest thereon to the redemption date. Both 2006 Bonds and 2008 Bonds are no longer considered outstanding.

The refunding resulted in the recognition of a deferred loss on refunding of $3,093 as of June 30, 2024, 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 the amounts ranging from $2,700 to $4,715 annually from FY 2024-25 to FY 2037-38. Outstanding principal balance at June 30, 2024 was $50,810.

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.

Electric Revenue Bonds, 2024 Refunding Series

The Electric utility of Glendale Water & Power issued $52,580 in revenue bonds in February 2024 to provide money for the refunding of all of the City’s outstanding Electric Revenue Bonds, 2013 Refunding Series, and all of the City’s outstanding Electric Revenue Bonds, 2013 Series. The bond proceeds were deposited in an escrow account and were used to refund the Electric Revenue Bonds, 2013 Refunding Series and the Electric Revenue Bonds, 2013 Series through a legal defeasance. The 2013 Refunding Bonds and 2013 Bonds were redeemed on May 28, 2024 at a redemption price of 100% of the principal amount thereof plus accrued interest thereon to the redemption date.

Both 2013 Refunding Bonds and 2013 Bonds are no longer considered outstanding.

The refunding resulted in the recognition of a deferred gain on refunding of $4,279 as of June 30, 2024, and is being amortized through FY 2042-43. The refunding also resulted in cash flow savings of $12,529 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 2024 Refunding Bonds will mature in amounts ranging from $1,945 to $3,655 annually from FY 2024-25 to FY 2042-43. Outstanding principal balance at June 30, 2024 was $52,580.

74 298 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

The 2024 Refunding Bonds maturing on or prior to February 1, 2034 are not subject to redemption prior to maturity.

The 2024 Refunding Bonds maturing on and after February 1, 2035 are subject to redemption prior to maturity, at the option of the City, as a whole or in part, on February 1, 2034 or on any date thereafter, in any order of maturity as directed in writing by the City and by lot within a maturity.

Electric Revenue Bonds, 2024 Series

The Electric utility of Glendale Water & Power issued $166,890 in revenue bonds in February 2024 to provide money for fundings for the Grayson Repowering project and Scholl Canyon Landfill Biogas Renewal Generation Project and other Electric System improvements, making a deposit to the Parity Reserve Fund under the Indenture of Trust, and paying the cost of issuance.

Interest rates are 5.00% and paid semiannually on August 1 and February 1. Principal payments are made annually on February 1. The 2024 Bonds will mature in amounts ranging from $2,330 to $10,350 annually from FY 2024-25 to FY 2053-54. Outstanding principal balance at June 30, 2024 was $166,890.

The 2024 Bonds maturing on or prior to February 1, 2034 are not subject to redemption prior to maturity. The 2024 Bonds maturing on and after February 1, 2035 are subject to redemption prior to maturity, at the option of the City, as a whole or in part, on February 1, 2034 or on any date thereafter, in any order of maturity as directed in writing by the City and by lot within a maturity.

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 $81,415 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, 2024, the parity reserve fund has a balance of $3,820 held by the Trustee. Total debt service paid and total net available revenues for debt service coverage for FY 2023-24 were $4,275 and $13,826, 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 $650 to $4,945 annually from FY 2024-25 to FY 2041-42. Outstanding principal balance as of June 30, 2024 was $31,415.

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

75 299 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

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 $741 as of June 30, 2024, and is being amortized through FY 2037-38. The refunding also resulted in cash flow savings of $12,031 which is the difference between the cash flows required from the prior debt service and the cash flows required for the new refunding debt service.

Interest rates range from 2.00% to 4.00% and paid semiannually on August 1 and February 1. Principal payments are made annually on February 1. The 2020 Refunding Bonds will mature in regularly increasing amounts ranging from $1,765 to $2,475 annually from FY 2024-25 to FY 2037-38. Outstanding principal balance at June 30, 2024 was $30,000.

The 2020 Refunding Bonds have an optional redemption on and after August 1, 2030.

Fiduciary activities:

Issuance
Amount
Balance
at July 1 Addition s Retirements
Balance
at
June 30
Due
within
one year

Tax allocation bonds
2016 GSA tax allocation bonds refunding $ 20,810 14,14 5 - 6,935 7,210 7,210 GSA tax allocation bonds premium - 63 7 - 450 187 187
Total Fiduciary activities $ 20,810 14,78 2 - 7,385 7,397 7,397

The Successor Agency has outstanding long-term debt of $7,397, and no direct placements related to fiduciary activities as of June 30, 2024. The Successor Agency also has no outstanding or unused line of credit related to long-term debt of fiduciary activities as of June 30, 2024. 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 2023-24 were $7,434 and $38,601, 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, 2024 for $74 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.

76 300 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

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, 2024, the principal balance is $7,210, which will be paid off in 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.

Leases payable

Balance
at July 1 Additions

Retirements
Balance
at
June 30
Due
within one
year
Governmental activities $ 2,615 295 816 2,094 894 Business-type activities 164 - 54 110 8
Total Leases payable $ 2,779 295 870 2,204 902

Governmental activities:

The City has 4 outstanding leases payable of building and equipment for governmental activities of $2,094 as of June 30, 2024. The incremental borrowing rates ranges from 0.54% to 2.85%. The annual principal and interest payments ranges from $4 to $923 from FY 2024-25 to FY 2040-41.

Business-type activities:

The City has 2 outstanding leases payable of land for business-type activities of $110 as of June 30, 2024. The incremental borrowing rates ranges from 0.28% to 1.47%. The annual principal and interest payments ranges from $5 to $10 from FY 2024-25 to FY 2033-34.

Subscriptions payable

Balance
at July 1 Additions Retirements
Balance
at
June 30
Due
within one
year
Governmental activities $ 5,235 642 2,777 3,100 2,422 Business-type activities 18 662 243 437 104
Total Subscriptions payable $ 5,253 1,304 3,020 3,537 2,526

Governmental activities:

The City has 22outstanding subscriptions payable for governmental activities of $3,100 as of June 30, 2024. The incremental borrowing rates ranges from 2.08% to 2.97%. The annual principal and interest payments ranges from $34 to $2,472 from FY 2024-25 to FY 2027-28.

Business-type activities:

The City has 3 outstanding subscriptions payable for business-type activities of $437 as of June 30, 2024. The incremental borrowing rates ranges from 2.08% to 2.97%. The annual principal and interest payments ranges from $61 to $117 from FY 2024-25 to FY 2028-29.

77 301 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

Annual Requirement Schedules
The City’s annual debt service requirement schedules as of June 30, 2024 are as follows:

Governmental and business-type activities:

GMFA 2019 Lease Revenue
Refunding Bonds

Fiscal Year Interes t Principal
2025 $ 759 2,230
2026 648 2,345
2027 530 2,460
2028 407 2,585
2029 278 2,710
2030 143 2,850
$ 2,765 15,180

Electric Revenue Bonds Water Revenue Bonds
Fiscal Year Interes t Principal Interest Principal
2025 $ 12,661 8,910 1,853 2,415
2026 13,069 9,295 1,785 2,485
2027 12,604 9,755 1,712 2,560
2028 12,116 10,235 1,636 2,635
2029 11,604 10,725 1,538 2,735
2030-2034 50,229 48,430 6,281 15,575
2035-2039 38,261 48,330 4,180 18,670
2040-2044 26,964 40,675 1,015 14,340
2045-2049 17,474 36,870 - -
2050-2054 7,288 47,055 - -
$ 202,270 270,280 20,000 61,415

Total Governmental
Activities
Total Business-type
Activities

Total
Debt Service Fiscal Year Interes t Principal Interes t Principal 2025 $ 759 2,230 14,514 11,325 28,828
2026 648 2,345 14,854 11,780 29,627
2027 530 2,460 14,316 12,315 29,621
2028 407 2,585 13,752 12,870 29,614
2029 278 2,710 13,142 13,460 29,590
2030-2034 143 2,850 56,510 64,005 123,508
2035-2039 - - 42,441 67,000 109,441
2040-2044 - - 27,979 55,015 82,994
2045-2049 - - 17,474 36,870 54,344
2050-2054 - - 7,288 47,055 54,343
$ 2,765 15,180 222,270 331,695 571,910

78 302 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

Fiduciary activities:

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

Principal

2025 $ 180

7,210

7,390

The City's total future minimum lease payments under lease agreements as of June 30, 2024 are as follows:

Governmental Activities Business-type Activities
Total Fiscal Year Interes t Principal Interes t Principal 2025 $ 30 894 2 8 934
2026 11 722 1 4 738
2027 5 110 1 4 120
2028 4 53 1 4 62
2029 4 56 1 5 66
2030-2034 7 259 5 28 299
2035-2039 - - 3 40 43
2040-2044 - - - 17 17
$ 61 2,094 14 110 2,279

The City's total future minimum subscription payments under subscriptions-based information technology agreements (SBITA) as of June 30, 2024 are as follows:

Governmental Activities Business-type Activities
Total Fiscal Year Interes t Principal Interes t Principal 2025 $ 49 2,422 10 104 2,585
2026 10 644 7 110 771
2027 - 34 4 78 116
2028 - - 2 83 85
2029 - - - 62 62
$ 59 3,100 23 437 3,619

79 303 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(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 pre-retirement 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.

80 304 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

The Plans’ provisions and benefits in effect at the measurement date ended June 30, 2023, are summarized as follows, which remain the same for FY 2023-24.

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, 2023, the following employees were covered by the benefit terms:

Miscellaneous Safet
y
Inactive employees or beneficiaries currently receiving benefits 1,900 637 Inactive employees entitled to but not yet receiving benefits 2,329 101 Active employees 1,377 390
Total 5,606 1,128

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

81 305 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(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, 2024, for the Miscellaneous Plan, the normal cost rate is 11.09%, the amount for the unfunded liability is $29,238, and the prepayment amount for the unfunded liability is $28,292. The City chose the prepayment option to pay the $28,292 in July 2023, instead of paying 1/12 th of $29,238 on a monthly basis. For
FY 2023-24, the City calculates the rate for the unfunded liability to be 26.05%. Accordingly, the total employer contribution rate is 37.14%.

The City’s Miscellaneous Plan member contribution rates and employer contribution rates for FY 2023-24, 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% 34.14% 37.14%
Classic (2nd Tier) 2.0% @ 55 7.00% 3.00% 34.14% 37.14%
PEPRA (3rd Tier) 2.0% @ 62 7.50% 3.00% 34.14% 37.14%
Executive
Classic (1st Tier) 2.5% @ 55 8.00% 1.75% 35.39% 37.14%
Classic (2nd Tier) 2.0% @ 55 7.00% 1.75% 35.39% 37.14%
PEPRA (3rd Tier) 2.0% @ 62 7.50% 1.75% 35.39% 37.14%
GCEA
Classic (1st Tier) 2.5% @ 55 10.50% 0.00%* 34.64% 34.64% Classic (2nd Tier) 2.0% @ 55 9.50% 0.00%* 34.64% 34.64% PEPRA (3rd Tier) 2.0% @ 62 10.00% 0.00%* 34.64% 34.64%
IBEW
Classic (1st Tier) 2.5% @ 55 8.00% 3.00% 34.14% 37.14%
Classic (2nd Tier) 2.0% @ 55 7.00% 3.00% 34.14% 37.14%
PEPRA (3rd Tier) 2.0% @ 62 7.50% 3.00% 34.14% 37.14%
GMA
Classic (1st Tier) 2.5% @ 55 9.75% 0.00%** 35.39% 35.39% Classic (2nd Tier) 2.0% @ 55 8.75% 0.00%** 35.39% 35.39% PEPRA (3rd Tier) 2.0% @ 62 9.25% 0.00%** 35.39% 35.39%

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 2023-24, the cost sharing rate is 2.5%.

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

In FY 2023-24, the cost sharing rate is 1.75%.

82 306 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

At the fiscal year ended June 30, 2024, for the Safety Plan, the normal cost rate is 22.98%, the amount for the unfunded liability is $24,217, and the prepayment amount for the unfunded liability is $23,433. The City chose the prepayment option to pay the $23,433 in July 2023, instead of paying 1/12th of $24,217 on a monthly basis. For FY 2023-24, the City calculates the rate for the unfunded liability to be 37.38%. Accordingly, the total employer contribution rate is 60.36%.

The City’s Safety Plan member contribution rates and employer contribution rates for FY 2023-24, 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% 1.75% 58.61% 60.36%
Classic (2nd Tier) 3.0% @ 55 9.00% 1.75% 58.61% 60.36%
PEPRA (3rd Tier) 2.7% @ 57 12.50% 1.75% 58.61% 60.36%
Executive - Police
Classic (1st Tier) 3.0% @ 50 9.00% 1.75% 58.61% 60.36%
Classic (2nd Tier) 3.0% @ 55 9.00% 1.75% 58.61% 60.36%
PEPRA (3rd Tier) 2.7% @ 57 12.50% 1.75% 58.61% 60.36%
GMA - Fire
Classic (1st Tier) 3.0% @ 50 16.50% 0.00%* 52.86% 52.86% Classic (2nd Tier) 3.0% @ 55 16.50% 0.00%* 52.86% 52.86% PEPRA (3rd Tier) 2.7% @ 57 20.00% 0.00%* 52.86% 52.86%
GMA - Police
Classic (1st Tier) 3.0% @ 50 12.50% 0.00%* 56.86% 56.86% Classic (2nd Tier) 3.0% @ 55 12.50% 0.00%* 56.86% 56.86% PEPRA (3rd Tier) 2.7% @ 57 16.00% 0.00%* 56.86% 56.86%
GFFA
Classic (1st Tier) 3.0% @ 50 9.00% 4.50% 55.86% 60.36%
Classic (2nd Tier) 3.0% @ 55 9.00% 4.50% 55.86% 60.36%
PEPRA (3rd Tier) 2.7% @ 57 12.50% 3.50% 56.86% 60.36%
GPOA
Classic (1st Tier) 3.0% @ 50 9.00% 3.50% 56.86% 60.36%
Classic (2nd Tier) 3.0% @ 55 9.00% 3.50% 56.86% 60.36%
PEPRA (3rd Tier) 2.7% @ 57 12.50% 1.75% 58.61% 60.36%

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 2023-24, the cost sharing rate for GMA – Fire is 7.5%.

In FY 2023-24, the cost sharing rate for GMA – Police is 3.5%.

83 307 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

At the fiscal year ended June 30, 2024, 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: $2,043 for the Miscellaneous Plan, and $274 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 $ 40,310 37,858 2,452
Safety
Police 22,462 21,381 1,081
Fire 15,358 14,249 1,109
Total Safety 37,820 35,630 2,190
Total $ 78,130 73,488 4,642

Net Pension Liability

The City’s net pension liability for each plan was measured as of June 30, 2023, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2022, rolled forward to June 30, 2023, using standard update procedures.

Actuarial Assumptions

The June 30, 2022 valuation was rolled forward to measure the June 30, 2023 total pension liability, based on the following actuarial methods and assumptions:

Valuation date June 30, 2022
Measurement date June 30, 2023
Actuarial cost method Entry Age Actuarial Cost Method
Actuarial assumptions:

Discount rate 6.90%
Price 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 and Review of Actuarial Assumptions. Mortality rates incorporate full generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer to the 2021 experience study 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.

84 308 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(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.

85 309 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

Changes in the Net Pension Liability
The changes in the Net Pension Liability measured as of June 30, 2023 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, 2023 $ 1,319,926 984,877 335,049
Changes in the year:

Service cost 18,229 - 18,229
Interest on total pension liabilit
y 89,862 - 89,862
Chan ges of benefit terms 1,164 - 1,164
Differences between expected and actual
experience
6,458

-

6,458
Net plan to plan resource movement - 4 (4)
Contribution - emplo
yer - 38,403 (38,403)
Contribution - emplo yees - 10,570 (10,570) Net investment income - 60,946 (60,946) Benefit payments, including refunds of employee
contributions (68,623)

(68,623)

-
Administrative expense - (723) 723 Net changes 47,090 40,577 6,513
Balance at June 30, 2024 $ 1,367,016 1,025,454 341,562

Safety Plan:

Increase
(Decrease)

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

Balance at June 30, 2023 $ 1,020,967 679,366 341,601 Changes in the year:

Service cost 17,724 - 17,724
Interest on total pension liabilit y 69,808 - 69,808 Chan ges of benefit terms 322 - 322
Differences between expected and actual
experience
8,009

-

8,009
Net plan to plan resource movemen
t (4) 4
Contribution - emplo yer - 35,617 (35,617) Contribution - emplo yees - 5,881 (5,881) Net investment income - 42,059 (42,059) Benefit payments, including refunds of employee
contributions (52,900)

(52,900)

-
Administrative expense - (500) 500 Net changes 42,963 30,153 12,810
Balance at June 30, 2024 1,063,930 709,519 354,411

Total for both plans at June 30, 2024 $ 2,430,946 1,734,973 695,973

86 310 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(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 $ 521,997 499,387 1,021,384
Current Discount Rate 6.90%

6.90%

6.90%
Net Pension Liability $ 341,562 354,411 695,973
1% Increase 7.90%

7.90%

7.90%
Net Pension Liability $ 192,905 235,578 428,483

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

As of June 30, 2024, 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 $ 219,076 66,358 4,541 31,640
Safety plan 354,411 93,017 2,965 51,767
Total Governmental activities 573,487 159,375 7,506 83,407

Business-type activities:

Miscellaneous plan 122,486 36,181 2,555 17,097
Total $ 695,973

195,556

10,061

100,504

Miscellaneous Plan:

At June 30, 2024, 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 $ 38,268 - Changes of assumptions 13,348 -
Differences between expected and actual experience 4,230 7,096 Net differences between projected and actual earnings
on plan investments 46,693

-
Total $ 102,539 7,096

87 311 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

The amount of $38,268 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, 2025.

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
2025 $ 16,247
2026 7,232
2027 32,442
2028 1,254
Total $ 57,175

Safety Plan:

At June 30, 2024, 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 $ 37,546 - Changes of assumptions 17,003 -
Differences between expected and actual experience 6,102 2,965 Net differences between projected and actual earnings
on plan investments 32,366

-
Total $ 93,017 2,965

The amount of $37,546 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, 2025.

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
2025 $ 13,687
2026 12,463
2027 25,094
2028 1,262
Total $ 52,506

Pension Plan Fiduciary Net Position

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

88 312 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(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, 2024, there are four 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 $35 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 2023-24, PARS payments were $63 and $13 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.

89 313 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(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, 2024 were $460.

Employees Covered by Benefit Terms

At June 30, 2023, 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 68 Inactive employees entitled to but not yet receiving benefit payments 89 Active employees 1,353
Total 1,510

Total OPEB Liability

The City’s total OPEB liability of $8,299 was measured as of June 30, 2023, and was determined by an actuarial valuation as of June 30, 2023. A summary of principal assumptions and methods used to determine the total OPEB liability is shown below.

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Actuarial Assumptions and Other Inputs
The total OPEB liability in the June 30, 2023 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, 2023
Measurement date June 30, 2023
Discount rate 3.65%
General inflation 2.50% annually
Medicare Part A trend 3.50% annually (inflation + 1%)
Not related to health care trend
Medical Trend Non-Medicare – 8.5% for 2025, decreasing to an ultimate rate of 3.45% in 2076
Medicare (Non-Kaiser) – 7.5% for 2025, decreasing to an ultimate rate of 3.45% in 2076
Medicare (Kaiser) – 6.25% for 2025, decreasing to an
ultimate rate of 3.45% in 2076

The discount rate was based on the Bond Buyer 20-Bond index.

Mortality, Retirement Disability and Termination information was derived from data collected during CalPERS 2000- 2019 Experience Study. Mortality projected fully generational with Scale MP-2021.

Changes in the Total OPEB Liability

The changes in the total OPEB liability measured as of June 30, 2023 is as follows:

Total OPEB Liabilit
y
Balance at June 30, 2022 $ 12,427
Changes in the year:

Service cost 26
Interest 432
Assumption changes (1,633)
Actual vs. expected experience (2,444)
Benefit payments (509)
Net changes (4,128)
Balance at June 30, 2023 $ 8,299

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:

2.65% 3.65% 4.65%
Total OPEB Liabilit
y $ 9,332 8,299 7,438

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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 $ 8,243

8,299

8,363

Non-Medicare trend rate of 8.5% for 2025, decreasing to an ultimate rate of 3.45% in 2076. Medicare trend rate (Non-Kaiser) of 7.5% for 2025, decreasing to an ultimate rate of 3.45% in 2076. Medicare trend rate (Kaiser) of

6.25% for 2025, decreasing to an ultimate rate of 3.45% in 2076.

OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB

For the year ended June 30, 2024, the City recognized OPEB income of $487. At June 30, 2024, 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 $ 460 - Changes of assumptions 1,944 4,414
Differences between expected and actual experience - 4,480

Total $ 2,404 8,894

The amount of $460 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, 2025.

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
2025 $ (945)
2026 (945)
2027 (765)
2028 (707)
2029 (671)
Thereafter (2,917)
Total $ (6,950)

Change in Assumptions

Discount rate was updated based on municipal bond rate as of the measurement date. Medical trend rates, medical plan election and Medicare Part A participation were also updated.

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NOTE 10 – NET DEFICITS OF INDIVIDUAL FUNDS

As of June 30, 2024, the following funds have negative fund balances or net position:

Governmental funds:

Special revenue funds:

CDBG Fund $ 412
Emergency Solutions Grant Fund 2
Grant Fund 1,015
Measure M Subregional Fund 287
Measure H Fund 247
PW Special Grants Fund 35
Measure R Regional Return Fund 1,182
Police Fund 840
Fire Grant Fund 223
Library Fund 756

Capital projects funds:

CIP Reimbursement Fund $ 11,307
Measure A Fund 61

Proprietary funds:

Internal service funds:

Compensation Insurance Fund $ 3,832
Compensated Absences Fund 224
Retiree Health Savings Plan (RHSP) Benefits Fund 7,651

The CDBG Fund, Emergency Solutions Grant Fund, Grant Fund, Measure M Subregional Fund, Measure H Fund, PW Special Grants Fund, Measure R Regional Return Fund, Police Fund, Fire Grant Fund, Library 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.

For Compensation Insurance Fund, Compensated Absences Fund and Retiree Health Savings Plan (RHSP) Benefits Fund, the City will continue to increase the future charges to other funds to eliminate the deficit.

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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.

The City joined insurance pool PRISM (Public Risk Innovation, Solutions and Management) in July 2023 after determining this as an effective way of lowering the cost of annual excess liability insurance rates. By pooling resources with other organizations, the City can share risks, benefit from collective bargaining power, and potentially achieve lower premiums due to the larger risk pool. Some advantages and considerations associated with joining an insurance pool include cost savings by sharing risks and resources with other members, PRISM may offer more comprehensive coverage options that may not be available individually. By participating in a pool, the City may provide more stability in insurance rates over time, reducing the impact of market fluctuations.

There were no significant settlements or reductions in insurance coverage from settlements for the past three years.

The insurance schedule for FY 2023-24 is as follows:

Insurance T
ype
Program
Limits

Deductible/SIR (self-insured retention)
Excess Liability Insurance $ 27,000

$2,000 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) 170,000 Various deductibles
Property Insurance (Non-GWP) 534,110 $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 Various deductibles
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, 2024 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:

Fiscal Year
Beginning
Balance
Claims and
Char
ges
Claim
Payments
Ending
Balance
Due within
One Year
2022-23 $ 80,101 54,449 50,851 83,699 16,393
2023-24 $ 83,699 47,062 48,194 82,567 15,758

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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.

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 megawatts.

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 contract terminated on December 31, 2023.

In November 2007, City Council approved a power purchase agreement with Southern California Public Power Authority (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 on 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 authorized a 25-year Power Sales Agreement (PSA) with SCPPA for the purchase of 3 megawatts of renewable geothermal energy from the Whitegrass Geothermal Project located in Lyon County, Nevada. Glendale has a 100% entitlement interest in the total energy, capacity, and environmental attribute rights produced by the project. The project began commercial operation in April 2020.

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In February 2020, City Council authorized a 24-year Power Sales Agreement (PSA) with the SCPPA for the purchase of 12.5 megawatts of renewable geothermal energy from Star Peak Geothermal Energy Project located in Pershing County, Nevada. Glendale has a 100% entitlement interest in the total energy, capacity, and environmental attribute rights produced by the project. The project began commercial operation in September 2022.

In December 2019, the City Council authorized a 25-year Power Sales Agreement (PSA) with SCPPA for the purchase of 12.5% renewable solar energy, battery energy storage system (BESS) capacity, and environmental attributes of the Eland 1 Solar and Storage Center. The purchase of renewable solar energy is from the Eland I Solar and Storage Center, a facility located in Kern County, California. The energy will be delivered at Barren Ridge, and Glendale has entered into an agreement with the Los Angeles Department of Water and Power for the transmission of the energy to Glendale. Glendale has a 12.5% entitlement interest in the total capacity, energy, storage, and environmental attribute rights produced by the Facility, or 25 MW of renewable solar energy and 18.75 MW/75 MWh of battery storage capacity. The project began delivering test energy in spring 2024, and 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, 2023 was 13.96 million tons. The permitted capacity filled between July 11, 2023 and July 10, 2024 was 0.26 million tons. The total permitted capacity as of August 18, 1989 remains 14.75 million tons. Therefore, the City has 0.53 million tons unfilled capacity remaining.

Using an inflation factor from the Sanitation Districts of 1.036, the total estimated care postclosure cost is $86,155.

Using the data above, the amount of $83,059 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 $3,096. 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, 2024, the City has set aside $60,953 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.

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 regional emergency resources to communicate directly with one another at all times. The ICI System Authority supports more than 70 Fire and Police agencies, 35 9-1-1 Dispatch Centers, and in total more than 120 general government first responder agencies by providing fully regional mission critical communications through a System Master Site based in Glendale. With more than 25,000 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

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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 $48 (1-person household at 50% AMI) to $127 (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.

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. Both CalCHA and CSCDA-CIA target properties valued at $100M 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 $78 (1-person household at 80% AMI) to $127 (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

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“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.

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 2023-24. With a few exceptions, the City is obligated to pay the amortized cost of indebtedness regardless of the ability of the

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counterparty to provide electricity. The original indebtedness will be amortized by adding the financing costs to purchase energy over the life of the contract. All of these agreements contain “step-up” provisions obligating the City to pay a share of the obligations of any defaulting participant.

• The Intermountain Power Agency (IPA), a subdivision of the State of Utah, was formed in January 1974 to finance the construction of a 1,400 megawatt coal-fired generating plant, consisting of two generating units located near Delta, Utah and associated transmission lines, called the Intermountain Power Project (IPP). The project began uprating of the two generating units in early 2003. When the uprating was finished in March 2004, it increased the capacity of the plant from 1,400 megawatts to 1,800 megawatts. The City through contract is obligated for 30 megawatts or 1.70% of the generation. In addition, the City entered into an “Excess Power Sales Agreement” with the IPA, agent for the Utah Municipal Purchasers and the Cooperative Purchasers, which entitles the City to additional shares that can vary from year to year. As of June 30, 2024, 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, 2024, 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, 2024, Glendale’s share is 2.27%.

In October 2022, the City Council authorized 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.

• A 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 Electric Utility 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, Electric Utility remains responsible for the liability arising from operations before December 31, 2017. Electric Utility’s obligation after 2017 is defined by approximately 1.3% of the cost of reclaiming disturbances at the mine site as of December 31, 2017. Costs of plant decommissioning will be split between exiting participants and remaining participants.

99 323 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

• 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. Currently, the transmission line has a transfer capability of the Mead-Adelanto Project is estimated at 1,291 megawatts. SCPPA members in the project are entitled to 876 megawatts. The City is obligated for 97 megawatts or 11.04% of the SCPPA entitlement. As of June 30, 2024, 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, 2024, 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, 2024, 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, 2024, 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, 2024, 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, 2024, Electric Utility’s share is 50.00%.

• 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, 2024, Glendale’s share is 7.63%.

100
324 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

• The eleventh project financed through SCPPA is the Milford II Wind Project (MIL2) located near Beaver and Millard County, Utah. The Project has a capacity of approximately 102 megawatts. The City Council approved a 20-year power purchase agreement with SCPPA for the purchase of approximately 5 megawatts or 4.90% of the Project’s output. The City has sold its output entitlement share to Los Angeles Department of Water and Power (LADWP) but remains responsible for all the obligations associated with its participation in the Power Sales Agreements in the event LADWP should default. As of June 30, 2024, Glendale’s share is 4.90%.

Take-or-Pay commitments expire upon contract expiration date or final maturity of outstanding bonds for each project, whichever is later. Final fiscal year contract expirations are as follows:

Pro
ject
Contract
Expiration
Date

Glendale’s
Share
Intermountain Power Project (IPP) * 2027 2.08%
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) 2034 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, 2024:

Fiscal Year IPP * STS * MPP NGPP LIN THP WP MIL2 Total 2025 $ 1,830 3,529 3,363 2,804 168 1,383 1,610 495 15,182 2026 1,698 4,117 3,388 6,043 373 2,130 2,190 495 20,434 2027 2,702 4,231 3,418 6,054 374 1,232 2,189 494 20,694 2028 5,421 4,403 3,448 6,334 374 1,233 2,187 494 23,894 2029 5,418 4,348 3,478 6,622 374 1,230 2,184 493 24,147 2030 - 2034 27,047 22,688 17,913 36,025 1,869 6,139 4,360 1,476 117,517 2035 - 2039 26,961 22,960 13,860 8,698 8,223 6,118 - - 86,820 2040 - 2044 26,829 22,572 - - - 2,449 - - 51,850 2045 - 2049 10,684 22,479 - - - - - - 33,163 2050 - 2054 - 22,363 - - - - - - 22,363 Total $ 108,590 133,690 48,868 72,580 11,755 21,914 14,720 3,947 416,064

*IPP Repowering and STS Renewal

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 2024 and 2023 are as follows:

Fiscal
Year IPP PV STS SJ M
A MP MPP NGPP LIN THP WP MIL2 Total
2024 $4,860 2,961 701 776 468 135 6,499 3,738 - 1,088 - - 21,226 2023 $6,907 2,795 588 2 338 204 5,635 8,085 - 958 - - 25,512

101
325 of 532

CITY OF GLENDALE
Notes to the Basic Financial Statements
Fiscal Year Ended June 30, 2024
(in thousands)

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. 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).

• GASB Statement No. 102 – Certain Risk Disclosures. The objective of this statement is to provide users of government financial statements with essential information about risks related to a government’s vulnerabilities due to certain concentrations or constraints. This statement is effective for fiscal years beginning after June 15, 2024 (FY 2024-25).

• GASB Statement No. 103 – Financial Reporting Model Improvements. The objective of this statement is to improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision making and assessing a government’s accountability. This statement is effective for fiscal years beginning after June 15, 2025 (FY 2025-26).

NOTE 15 – IMPLEMENTATION OF PRONOUNCEMENTS

The city has adopted and implemented, where applicable, the following GASB Statements during the year ended June 30, 2024:

• 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.

• 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.

NOTE 16 – SUBSEQUENT EVENTS

The Electric utility of Glendale Water & Power issued new Electric Revenue Bonds, 2024 Second Series in the amount of $166,685 in August 2024 to provide money for the further development and construction of the Grayson
Repowering project, Scholl Canyon Landfill Biogas Renewal Generation project and other electric system capital improvements.

102
326 of 532

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2024 2023 2022 2021 2020
Total pension liability
Service cost $ 18,229 18,657 17,002 16,683 16,372
Interest on the total pension liability 89,862 86,698 85,712 83,093 80,133 Changes of benefit terms 1,164 - - - - Differences between expected and actual experience 6,458 (19,997) (2,379) 3,355 10,478 Changes of assumptions - 37,616 - - - Benefit payments, including refunds of
employee contributions (68,623) (65,188) (61,690) (60,158) (57,071) Net change in total pension liability 47,090 57,786 38,645 42,973 49,912 Total pension liability - beginning 1,319,926 1,262,140 1,223,495 1,180,522 1,130,610 Total pension liability - ending (A) 1,367,016 1,319,926 1,262,140 1,223,495 1,180,522 Plan fiduciary net position
Plan to plan resource movement 4 - - (8) - Contributions from the employer 38,403 38,620 36,495 29,257 24,992 Contributions from employees 10,570 10,491 11,011 11,249 10,176 Net investment income 60,946 (81,807) 202,381 43,263 54,849 Benefit payments, including refunds of
employee contributions (68,623) (65,188) (61,690) (60,158) (57,071) Administrative expense (723) (675) (895) (1,232) (600) Other miscellaneous income/(expense) - - - - 2 Net change in fiduciary net position 40,577 (98,559) 187,302 22,371 32,348 Plan fiduciary net position - beginning 984,877 1,083,436 896,134 873,763 841,415 Plan fiduciary net position - ending (B) 1,025,454 984,877 1,083,436 896,134 873,763 Net pension liability - ending (A) - (B) $ 341,562 335,049 178,704 327,361 306,759 Plan fiduciary net position
as a percentage of the total pension liability 75.01% 74.62% 85.84% 73.24% 74.01% Covered payroll $ 99,665 101,450 101,565 99,009 95,277 Net pension liability as a percentage of covered payroll 342.71% 330.26% 175.95% 330.64% 321.97% Measurement date June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 Schedule of Changes in Net Pension Liability and Related Ratios - Miscellaneous Plan Fiscal Year

103
327 of 532

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

104
328 of 532

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
Schedule of Changes in Net Pension Liability and Related Ratios - Safety Plan 2024 2023 2022 2021 2020
Total pension liability
Service cost $ 17,724 17,490 15,510 15,682 15,196 Interest on the total pension liability 69,808 66,942 64,856 62,988 60,331 Change of benefit terms 322 - - - - Differences between expected and actual experience 8,009 (2,699) (5,898) 5,391 4,900 Changes of assumptions - 33,196 - - - Benefit payments, including refunds of
employee contributions (52,900) (49,777) (47,743) (45,366) (42,663) Net change in total pension liability 42,963 65,152 26,725 38,695 37,764 Total pension liability - beginning 1,020,967 955,815 929,090 890,395 852,631 Total pension liability - ending (A) 1,063,930 1,020,967 955,815 929,090 890,395 Plan fiduciary net position
Plan to plan resource movement (4) - - 8 - Contributions from the employer 35,617 35,100 33,085 28,464 25,371 Contributions from employees 5,881 5,499 5,285 5,116 5,008 Net investment income 42,059 (56,694) 139,596 29,762 37,580 Benefit payments, including refunds of
employee contributions (52,900) (49,777) (47,743) (45,366) (42,663) Administrative expense (500) (465) (615) (844) (410) Other miscellaneous income/(expense) - - - - 1 Net change in fiduciary net position 30,153 (66,337) 129,608 17,140 24,887 Plan fiduciary net position - beginning 679,366 745,703 616,095 598,955 574,068 Plan fiduciary net position - ending (B) 709,519 679,366 745,703 616,095 598,955 Net pension liability - ending (A) - (B) $ 354,411 341,601 210,112 312,995 291,440 Plan fiduciary net position
as a percentage of the total pension liability 66.69% 66.54% 78.02% 66.31% 67.27% Covered payroll $ 55,911 54,640 53,408 53,105 51,155 Net pension liability as a percentage of covered payroll 633.88% 625.18% 393.41% 589.39% 569.72% Measurement date June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 Fiscal Year
329 of 532

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

106
330 of 532

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
Schedule of Pension Plan Contributions - Miscellaneous Plan 2024 2023 2022 2021 2020
Actuarially determined contributions $ 38,268 38,126 35,174 32,308 29,240 Contributions in relation to the actuarially
determined contribution (38,268) (38,126) (38,613) (32,308) (29,240) Contribution deficiency (excess) - - (3,439) - - Covered payroll $ 108,609 99,665 101,450 101,565 99,009 Contributions as a percentage of covered payroll 35.235% 38.254% 34.671% 31.810% 29.533% Notes to Schedule:

Valuation Date June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age Entry age Entry age Entry age Entry age Amortization method Level dollar
amount
Level dollar
amount
Level dollar
amount
Level percent
of Payroll
Level percent
of Payroll
Asset valuation method Fair value Fair value Market value Market value Market value Discount rate 6.8%
(net of
investment &
admin exp)
7%
(net of
investment &
admin exp)
7%
(net of
investment &
admin exp)
7%
(net of
investment &
admin exp)

7.25%
(net of
investment &
admin exp)
Projected salary increases 0.2% to

7.64%
depending on
age, service,
and type of
employment

0.4% to 8.5%
depending on
category,
entry age, and
duration of
service

0.4% to 8.5%
depending on
age, service,
and type of
employment

0.4% to 8.5%
depending on
age, service,
and type of
employment

0.4% to 8.5%
depending on
age, service,
and type of
employment
Inflation 2.30% 2.50% 2.50% 2.50% 2.625%
Payroll growth 2.80% 2.75% 2.75% 2.75% 2.875%
Retirement age 59 59 59 59 59
Fiscal Year

107
331 of 532

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 June 30, 2016 June 30, 2015 June 30, 2014 June 30, 2013 June 30, 2012 Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age Entry age Entry age Entry age Entry age Amortization method Level percent
of Payroll
Level percent
of Payroll
Level percent
of Payroll
Level percent
of Payroll
Level percent
of Payroll
Asset valuation method Market value Market value Market value Market value 15 year
smoothed
market
Discount rate 7.375%
(net of
investment &
admin exp)

7.50%
(net of
admin exp)

7.50%
(net of
admin exp)

7.50%
(net of
admin exp)

7.50%
(net of
admin exp)
Projected salary increases 3.2% to

12.2%
depending on
age, service,
and type of
employment

3.2% to

12.2%
depending on
age, service,
and type of
employment

3.2% to

12.2%
depending on
age, service,
and type of
employment

3.3% to

14.2%
depending on
age, service,
and type of
employment

3.3% to

14.2%
depending on
age, service,
and type of
employment
Inflation 2.75% 2.75% 2.75% 2.75% 2.75%
Payroll growth 3.00% 3.00% 3.00% 3.00% 3.00%
Retirement age 59
59 59 59 59
Schedule of Pension Plan Contributions - Miscellaneous Plan Fiscal Year

108
332 of 532

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
Schedule of Pension Plan Contributions - Safety Plan
2024 2023 2022 2021 2020
Actuarially determined contributions $ 37,546 35,210 33,879 31,033 28,471 Contributions in relation to the actuarially
determined contribution (37,546) (35,210) (35,103) (31,033) (28,471) Contribution deficiency (excess) - - (1,224) - - Covered payroll $ 62,690 55,911 54,640 53,408 53,105 Contributions as a percentage of covered payroll 59.892% 62.975% 62.004% 58.106% 53.613% Notes to Schedule:

Valuation Date June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age Entry age Entry age Entry age Entry age Amortization method Level dollar
amount
Level dollar
amount
Level dollar
amount
Level percent
of Payroll
Level percent
of Payroll
Asset valuation method Fair value Fair value Market value Market value Market value Discount rate 6.8%
(net of
investment &
admin exp)
7%
(net of
investment &
admin exp)
7%
(net of
investment &
admin exp)
7%
(net of
investment &
admin exp)

7.25%
(net of
investment &
admin exp)
Projected salary increases

1.32% to

15.17%
depending on
age, service,
and type of
employment

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

0.97% to 17%
depending on
age, service,
and type of
employment

0.97% to 17%
depending on
age, service,
and type of
employment

0.97% to 17%
depending on
age, service,
and type of
employment
Inflation 2.30% 2.50% 2.50% 2.50% 2.625%
Payroll growth 2.80% 2.75% 2.75% 2.75% 2.875%
Retirement age 54 54 54 54 54
Fiscal Year

109
333 of 532

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 June 30, 2016 June 30, 2015 June 30, 2014 June 30, 2013 June 30, 2012 Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age Entry age Entry age Entry age Entry age Amortization method Level percent
of Payroll
Level percent
of Payroll
Level percent
of Payroll
Level percent
of Payroll
Level percent
of Payroll
Asset valuation method Market value Market value Market value Market value 15 year
smoothed
market
Discount rate 7.375%
(net of
investment &
admin exp)

7.50%
(net of
admin exp)

7.50%
(net of
admin exp)

7.50%
(net of
admin exp)

7.50%
(net of
admin exp)
Projected salary increases 3.4% to

20.0%
depending on
age, service,
and type of
employment

3.4% to

20.0%
depending on
age, service,
and type of
employment

3.4% to

20.0%
depending on
age, service,
and type of
employment

3.3% to

14.2%
depending on
age, service,
and type of
employment

3.3% to

14.2%
depending on
age, service,
and type of
employment
Inflation 2.75% 2.75% 2.75% 2.75% 2.75%
Pa
yroll growth 3.00% 3.00% 3.00% 3.00% 3.00%
Retirement age 54 54 54 54 54
Fiscal Year

110
334 of 532

CITY OF GLENDALE
Required Supplementary Information
Last Ten Fiscal Years
(in thousands)
2024 2023 2022 2021
Total OPEB liability
Service cost $ 26 43 46 38 Interest on the total OPEB liability 432 319 400 524 Changes of assumptions (1,633) (2,420) (520) 2,947 Actual vs. expected experience (2,444) - (2,760) - Benefit payments (509) (530) (372) (423) Net change in total OPEB liability (4,128) (2,588) (3,206) 3,086 Total OPEB liability - beginning 12,427 15,015 18,221 15,135 Total OPEB liability - ending 8,299 12,427 15,015 18,221 Covered-employee payroll $ 172,125 168,994 169,684 165,230 Total OPEB liability as a percentage
of covered employee payroll 4.82% 7.35% 8.85% 11.03%
Measurement date June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 Notes:
(1) FY 2018 is the first year of implementation of GASB 75; therefore, only seven 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

111
335 of 532

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 seven years of data is shown. (2) There are no assets accumulated in a trust that meets the criteria of GASB codification P22.101 or P52.101 to pay related benefits for the OPEB plan.

Schedule of Changes in Total OPEB Liability and Related Ratios Fiscal Year

112
336 of 532

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.
337 of 532

Exhibit G-1

CITY OF GLENDALE
Combining Governmental Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
(amounts expressed in thousands)
Special Revenue
Funds
Debt Service
Fund
Capital Projects
Funds
Total Nonmajor
Governmental Funds
ASSETS
Pooled cash and investments 131,440 $ 9,043$ 135,040$ 275,523$ Restricted cash and investments -
- 60,953 60,953
Leases receivable 21,707 - - 21,707
Accounts receivable, net 14,774 - 12,772 27,546
Interest receivable 225 - 399 624
Loans receivable 6,805 - - 6,805
Prepaid items 61 - - 61
Total assets 175,012 9,043 209,164 393,219

LIABILITIES
Accounts payable 11,642
- 10,514 22,156
Deposits 116 - - 116
Due to other funds 2,143 - 61 2,204
Unearned revenues 9,643 - 10,692 20,335
Wages and benefits payable 652 - 74 726
Total liabilities 24,196 - 21,341 45,537

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases 20,996 - - 20,996
Unavailable revenues 13,201 - 11,368 24,569
Total deferred inflows of resources 34,197 - 11,368 45,565 Total liabilities and deferred inflows of
resources 58,393 - 32,709 91,102

FUND BALANCES (DEFICITS)
Nonspendable
Prepaid 61 - - 61
Restricted
Air quality improvement 1,288 - - 1,288
Cable access 4,564 - - 4,564
Capital projects - - 72,475 72,475
Electric public benefit AB1890 15,113 - - 15,113
Federal and state grants 3,999 - - 3,999
Impact fee funded projects - - 30,937 30,937
Landfill postclosure - - 60,953 60,953
Landscaping district 278 - - 278
Low and moderate housing 7,065 - - 7,065
Public safety 4,619 - - 4,619
Public works 3,106 - - 3,106
State gas tax mandates - - 21,210 21,210
Transportation 59,417 - - 59,417
Urban art 9,640 - - 9,640
Youth employment 54 - - 54
Committed
Capital projects - - 2,248 2,248
Debt service - 9,043 - 9,043
Hazardous materials 4,324 - - 4,324
Parking 8,017 - - 8,017
Public safety 134 - - 134

Unassigned (5,060) - (11,368) (16,428)
Total fund balances (deficits) 116,619 9,043 176,455 302,117 Total liabilities, deferred inflows of resources
and fund balances (deficits) 175,012$ 9,043$ 209,164$ 393,219$ 113
338 of 532

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, 2024
(amounts expressed in thousands)
Special
Revenue
Funds
Debt Service
Fund
Capital
Projects Funds
Total Nonmajor
Governmental
Funds

REVENUES
Revenue from other agencies 54,470$ -$ 13,254$ 67,724$ Licenses and permits 1,821 - 903 2,724
Fines and forfeitures 4,675 - - 4,675
Charges for services 31,175 - 79 31,254
Miscellaneous revenue 519 - - 519
Use of money and property 3,810 255 6,348 10,413
Total revenues 96,470 255 20,584 117,309

EXPENDITURES
Current:

General government 77 - - 77
Police 2,791 3 - 2,794
Fire 2,345 - - 2,345
Public works 12,549 - 3,098 15,647
Transportation 28,340 - - 28,340
Housing, health and community development 13,368 - 334 13,702 Employment programs 7,652 - - 7,652
Public service 4,738 - - 4,738
Parks, recreation and community services 1,149 - 3 1,152 Library, arts and culture 1,436 - 60 1,496
Debt service:

Principal retirement - Bonds -
2,125 - 2,125
Interest - Bonds - 865 - 865
Principal retirement - Leases 664 - - 664
Interest - Leases 34 - - 34
Principal retirement - Subscription 140 - - 140
Interest - Subscription 4 - - 4
Capital outlay:

Capital outlay 10,067 - 27,080 37,147
Total expenditures 85,354 2,993 30,575 118,922 Excess (deficiency) of revenues over
(under) expenditures 11,116 (2,738) (9,991) (1,613)

OTHER FINANCING SOURCES (USES)
Transfers in 135 1,500 - 1,635
Total other financing sources (uses) 135 1,500 - 1,635 Net change in fund balances 11,251 (1,238) (9,991) 22 Fund balances - beginning 105,368 10,281 186,446 302,095 Fund balances - ending 116,619$ 9,043$ 176,455$ 302,117$ 114
339 of 532

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.
340 of 532

SPECIAL REVENUE FUNDS

 2010 - CDBG F und - 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 exp ended by the City under the HOME Investment Partnerships Program to strengthen public-private partnerships and to preserve and provide affordable housing.

 2040 - Conti nuum 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 - Emer gency 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 expe nded 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 - Ur ban 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 - Gl endale Youth Alliance Fund - To account for monies received and expended in the youth employment programs.

 2120 - BEGIN Affordable Homeownership Fund - To acc ount for monies received and expended by the City under the Building Equity and Growth in Neighborhoods (BEGIN) grant to provide down payment assistance or homeowner rehabilitation loans to low and moderate income homebuyers

 2130 - Low & Moderate Income Housing Asset Fund - To acc ount for monies received and expended for low and moderate income housing activities pursuant to AB1484.

 2160 - Grant F und - 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 F und - 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 administration 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 expenses for the Measure M Local Return Program.

 2230 - Measure M Subregional Fund - To account for monies received from the ½ cent sales tax increase approved in November 2016 by Los Angeles County voters and the related transportation and traffic congestion expenses for Measure M Multi-Year Subregional Programs.

 2240 - Measure H Fund - To account for monies received from the ¼ cent sales tax increase approved in March 2017 by Los Angeles County voters and the related homeless services and prevention expenses.

 2250 - 2011 TABs Housing Fund - To account for housing project expenses funded by the Glendale Successor Agency 2011 Tax Allocation Bonds.

115
341 of 532

 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.

116
342 of 532

Exhibit H-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2024
(amounts expressed in thousands)
CDBG
Fund
2010
Home
Grant Fund
2030
Continuum of
Care Grant
Fund
2040
Emergency
Solutions Grant
Fund
2050
ASSETS
Pooled cash and investments - $ 193$ -$ -$
Leases receivable - - - -
Accounts receivable, net 860 47 534 49
Interest receivable - - - -
Loans receivable 96 172 - -
Prepaid items - - 61 -
Total assets 956 412 595 49

LIABILITIES
Accounts payable 749 4 310 38
Deposits - - - -
Due to other funds 99 - 272 11
Unearned revenues - - - -
Wages and benefits payable 12 9 13 -
Total liabilities 860 13 595 49

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases - - - - Unavailable revenues 508 172 - 2
Total deferred inflows of resources 508 172 - 2
Total liabilities and deferred inflows of
resources 1,368 185 595 51

FUND BALA

NCES (DEFICITS)
Nonspendable
Prepaid - - 61 -
Restricted
Air quality improvement - - - -
Cable access - - - -
Electric public benefit AB1890 - - - -
Federal and state grants - 227 - -
Landscaping district - - - -
Low and moderate housing - - - -
Public safety - - - -
Public works - - - -
Transportation - - - -
Urban art - - - -
Youth employment - - - -
Committed
Hazardous materials - - - -
Parking - - - -
Public safety - - - -
Unassigned (412) - (61) (2)
Total fund balances (deficits) (412) 227 - (2)
Total liabilities and fund balances (deficits) 956$ 412$ 595$ 49$ (Continued)

117
343 of 532

Exhibit H-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2024
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets

LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows of
resources

FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Workforce
Fund
2060
Affordable
Housing Trust
Fund
2090
Urban
Art Fund
2100
Glendale Youth
Alliance Fund
2110
2,681$ 2,431 $ 9,730 $ - $ - - - - 1,967 - - 307 - - - - - - - - - - - - 4,648 2,431 9,730 307 578 - 90 2 - - - - - - - 136 200 - - - 114 5 - 115 892 5 90 253 - - - - 250 - - - 250 - - - 1,142 5 90 253 - - - - - - - - - - - - - - - - 3,506 - - - - - - - - 2,426 - - - - - - - - - - - - - - - - 9,640 - - - - 54 - - - - - - - - - - - - - - - - 3,506 2,426 9,640 54 4,648$
2,431$ 9,730$ 307$ (Continued)

118
344 of 532

Exhibit H-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2024
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets

LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows of
resources

FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
BEGIN
Affordable
Homeownership
Fund
2120
Low & Moderate
Income
Housing Asset
Fund
2130
Grant
Fund
2160
Hazardous
Disposal Fund
2190
101$ 4,282 $ 118 $ 4,080 $ - - - - - 12 1,393 1,017 - - - 30 5,764 773 - - - - - - 5,865 5,067 1,511 5,127 - 6 279 116 - - - - - - - - - - 1,226 635 - 14 4 52 - 20 1,509 803 - - - - 5,764 772 1,017 - 5,764 772 1,017 - 5,764 792 2,526 803 - - - - - - - - - - - - - - - - 101 - - - - - - - - 4,275 - - - - - - - - - - - - - - - - - - - - - - - - - 4,324 - - - - - - - - - - ( 1,015) -
101 4,275 (1,015) 4,324 5,865$ 5,067$ 1,511$ 5,127$ (Continued)

119
345 of 532

Exhibit H-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2024
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets

LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows of
resources

FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Parking
Fund
2210
Measure M
Local Return
Fund
2220
Measure M
Subregional
Fund
2230
Measure H
Fund
2240
8,382$ 17,753 $ - $ - $ 21,527 - - - 906 - 287 247 59 - - - - - - - - - - - 30,874 17,753 287 247 1,695 102 - 247 - - - - - - 285 - 44 - - - 127 19 2 - 1,866 121 287 247 20,827 - - - 164 - 287 247 20,991 - 287 247 22,857 121 574 494 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 17,632 - - - - - - - - - - - - - - 8,017 - - - - - - - - - ( 287) ( 247)
8,017 17,632 (287) (247) 30,874$ 17,753$ 287$ 247$ (Continued)

120
346 of 532

Exhibit H-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2024
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets

LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows of
resources

FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
2011 TABs
Housing Fund
2250
Measure W
Fund
2260
Permanent Local
Housing Allocation
Fund
2280
Air Quality
Improvement
Fund
2510
179$ 5,305 $ 185 $ 1,302 $ - - - - - - - - - - - - - - - - - - - - 179 5,305 185 1,302 - 2,192 - 14 - - - - - - - - - - - - - 7 - - - 2,199 - 14 - - - - - - - - - - - - - 2,199 - 14 - - - - - - - 1,288 - - - - - - - - - - - - - - - - 179 - 185 - - - - - - 3,106 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 179 3,106 185 1,288 179$
5,305$ 185$ 1,302$ (Continued)

121
347 of 532

Exhibit H-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2024
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets

LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows of
resources

FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
PW Special
Grants Fund
2520
San Fernando
Landscape
District Fund
2530
Measure R
Local Return
Fund
2540
Measure R
Regional
Return Fund
2550
-$ 278 $ 17,892 $ - $ - - - - 35 - 159 1,309 - - - - - - - - - - - - 35 278 18,051 1,309 - - 415 228 - - - - 35 - - 1,059 - - - - - - 5 22 35 - 420 1,309 - - - - 35 - - 1,182 35 - - 1,182 70 - 420 2,491 - - - - - - - - - - - - - - - - - - - - - 278 - - - - - - - - - - - - - - - - 17,631 - - - - - - - - - - - - - - - - - - - - - (
35) - - ( 1,182) (35) 278 17,631 (1,182) 35$ 278$ 18,051$ 1,309$ (Continued)

122
348 of 532

Exhibit H-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2024
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets

LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows of
resources

FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Transit Prop A
Local Return
Fund
2560
Transit Prop C
Local Return
Fund
2570
Transit Utility
Fund
2580
Asset Forfeiture
Fund
2600
12,822$ 12,481 $ - $ 3,818$ - 180 - - 684 294 - 75 - - - - - - - - - - - - 13,506 12,955 - 3,893 1,339 766 - 521 - - - - - - - - - 1 - - 21 11 - - 1,360 778 - 521 - 169 - - - - - - - 169 - - 1,360 947 - 521 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,372 - - - - 12,146 12,008 - - - - - - - - - - - - - - - - - - - - - - - - - - 12,146 12,008 - 3,372 13,506$
12,955$ - $ 3,893$ (Continued)

123
349 of 532

Exhibit H-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2024
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets

LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows of
resources

FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Police Fund
2610
Supplemental
Law
Enforcement
Fund
2620
Fire Grant
Fund
2650
807$ 1,266 $ - $ - - - 953 - 333 - - - - - - - - - 1,760 1,266 333 29 - 25 116 - - - - 246 1,585 - - 30 19 - 1,760 19 271 - - - 840 - 285 840 - 285 2,600 19 556 - - - - - - - - - - - - - - - - - - - - - - 1,247 - - - - - - - - - - - - - - - - - - - - - - (
840) - (223) (840) 1,247 (223) 1,760$ 1,266$ 333$ (Continued)

124
350 of 532

Exhibit H-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2024
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets

LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows of
resources

FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Fire Mutual
Aid Fund
2660
Nutritional
Meals Grant
Fund
2700
Library Fund
2750
134$ 167 $ 6,263 $ - - - - 81 1,833 - - - - - - - - - 134 248 8,096 - 75 1,211 - - - - - - - - 5,952 - 8 13 - 83 7,176 - - - - - 1,676 - - 1,676 - 83 8,852 - - - - - - - - - - - - - 165 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 134 - - - - ( 756)
134 165 (756) 134$ 248$ 8,096$ (Continued)

125
351 of 532

Exhibit H-1

CITY OF GLENDALE
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2024
(amounts expressed in thousands)
ASSETS
Pooled cash and investments
Leases receivable
Accounts receivable, net
Interest receivable
Loans receivable
Prepaid items
Total assets

LIABILITIES
Accounts payable
Deposits
Due to other funds
Unearned revenues
Wages and benefits payable
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to leases
Unavailable revenues
Total deferred inflows of resources
Total liabilities and deferred inflows of
resources

FUND BALANCES (DEFICITS)
Nonspendable
Prepaid
Restricted
Air quality improvement
Cable access
Electric public benefit AB1890
Federal and state grants
Landscaping district
Low and moderate housing
Public safety
Public works
Transportation
Urban art
Youth employment
Committed
Hazardous materials
Parking
Public safety
Unassigned
Total fund balances (deficits)
Total liabilities and fund balances (deficits)
Cable Access
Fund
2800
Electric Public
Benefit
Fund
2910
Total Nonmajor
Special
Revenue Funds
4,448$ 14,342 $ 131,440 $ - - 21,707 127 1,265 14,774 33 103 225 - - 6,805 - - 61 4,608 15,710 175,012 44 567 11,642 - - 116 - - 2,143 - - 9,643 - 30 652 44 597 24,196 - - 20,996 - - 13,201 - - 34,197 44 597
58,393
- - 61 - - 1,288 4,564 - 4,564 - 15,113 15,113 - - 3,999 - - 278 - - 7,065 - - 4,619 - - 3,106 - - 59,417 - - 9,640 - - 54 - - 4,324 - - 8,017 - - 134 - - (5,060) 4,564 15,113 116,619 4,608$ 15,710$ 175,012$

126
352 of 532

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, 2024
(amounts expressed in thousands)
CDBG
Fund
2010
Home
Grant Fund
2030
Continuum of
Care Grant
Fund
2040
Emergency
Solutions Grant
Fund
2050

REVENUES
Revenue from other agencies 3,510 $ 2,659 $ 4,832 $ 1,063 $ Licenses and permits - - - -
Fines and forfeitures - - - -
Charges for services - - - -
Miscellaneous revenue - 145 - -
Use of money and property - 10 - -
Total revenues 3,510 2,814 4,832 1,063

EXPENDITURES
Current:

General government - - - -
Police - - - -
Fire - - - -
Public works - - - -
Transportation - - - -
Housing, health and community development 2,700 3,852 2,650 477 Employment programs - - - -
Public service - - - -
Parks, recreation and community services - - - -
Library
, arts and culture - - - -
Debt service:

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

Capital outlay 924 - - -
Total expenditures 3,624 3,852 2,650 477
Excess (deficiency) of revenues
over (under) expenditures (114) (1,038) 2,182 586

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Total other financing sources (uses) - - - -
Net change in fund balances (114) (1,038) 2,182 586
Fund balances - beginning (298) 1,265 (2,182) (588)
Fund balances - ending (412)$ 227$ -$ (2)$
(Continued)

127
353 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Workforce
Fund
2060
Affordable
Housing Trust
Fund
2090
Urban
Art Fund
2100
Glendale Youth
Alliance Fund
2110
5,820$ - $ - $ - $ - - 213 - - - - - 52 37 - 3,033 - 8 - - 53 59 234 - 5,925 104 447 3,033 - - - - - - - - - - - - - - - - - - - - - 114 - - 4,662 - - 2,990 - - - - - - - - - - 487 - 664 - - - 34 - - - - - - - - - - - - - - - 5,360 114 487 2,990 565 (10) (40) 43 - - - - - - - - 565 (10) (40) 43 2,941 2,436 9,680 11 3,506$
2,426$ 9,640$ 54$
(Continued)

128
354 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
BEGIN Affordable
Homeownership
Fund
2120
Low &
Moderate
Income
Housing Asset
Fund
2130
Grant
Fund
2160
Hazardous
Disposal Fund
2190
-$ - $ 1,551$ 79 $ - - - 1,369 - - - - - - - 668 10 142 - 2 3 121 7 175 13 263 1,558 2,293 - - 37 - - - - - - - - 1,673 - - 334 - - - - - - 1,524 500 - - - - - - - - - - - 561 - - - - - - - - - - - - - - - - - - - - - - - - - - 1,524 1,432 1,673 13 (1,261) 126 620 - - - - - - - - 13 (1,261) 126 620 88 5,536 (1,141) 3,704 101$
4,275$ (1,015)$ 4,324$
(Continued)

129
355 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Parking
Fund
2210
Measure M
Local Return
Fund
2220
Measure M
Subregional Fund
2230
Measure H
Fund
2240
1$ 3,596$ 25 $ 3 $ 239 - - - 3,951 - - - 6,997 - - - 20 - - - 678 391 - - 11,886 3,987 25 3 - - - - - - - - - - - - 10,955 - 86 - - 946 - - - - - 250 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,388 242 - - 12,343 1,188 86 250 (457) 2,799 (61) (247) - - - - - - - - (457) 2,799 (61) (247) 8,474 14,833 (226) - 8,017$
17,632$ (287)$ (247)$
(Continued)

130
356 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
2011 TABs
Housing Fund
2250
Measure W
Fund
2260
Permanent Local
Housing
Allocation Fund
2280
Air Quality
Improvement
Fund
2510
-$ 1,674$ 3,698 $ 257 $ - - - - - - - - - - - - - - - - 22 109 - 29 22 1,783 3,698 286 - - - - - - - - - - - - - 547 - - - - - 146 1,301 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,636 - - 1,301 3,183 - 146 (1,279) (1,400) 3,698 140 - - - - - - - - (1,279) (1,400) 3,698 140 1,458 4,506 (3,513) 1,148 179$
3,106$ 185$ 1,288$
(Continued)

131
357 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
PW Special
Grants Fund
2520
San Fernando
Landscape
District Fund
2530
Measure R
Local Return
Fund
2540
Measure R
Regional
Return Fund
2550
-$ - $ 3,185$ 1,245 $ - - - - - - - - - 69 - - - - - - - 7 416 - - 76 3,601 1,245 - - - - - - - - - - - - (1) 83 - 545 - - 1,399 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 134 - (1) 83 1,533 545 1 (7) 2,068 700 - - - - - - - - 1 (7) 2,068 700 (36) 285 15,563 (1,882) (35)$
278$ 17,631$ (1,182)$
(Continued)

132
358 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Transit Prop A
Local Return
Fund
2560
Transit Prop C
Local Return
Fund
2570
Transit Utility
Fund
2580
Asset Forfeiture
Fund
2600
5,121$ 4,248 $ 3,543 $ - $
-
-
-
-
-
-
-
724
-
-
11,347 -
-
-
-
-
268
343
-
85 5,389
4,591
14,890 809
-
-
-
-
-
-
-
550
-
-
-
-
-
-
-
-
6,177
4,782
14,890 -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - 140
- - - 4
- - - 57
6,177 4,782 14,890 751
(788) (191) - 58
- - - -
- - - -
(788) (191) - 58
12,934 12,199 - 3,314
12,146$ 12,008$
-$ 3,372$

(Continued)
133
359 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Police Fund
2610
Supplemental
Law
Enforcement
Fund
2620
Fire Grant
Fund
2650
3,131$ 555$ 668$
- - - - - - - - - 55 - -
13 30 -
3,199 585 668
- - - 1,740 501 -
- - 65 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 232 - 43
1,972 501 108
1,227 84 560
- - - - - - 1,227 84 560
(2,067) 1,163 (783)
(840)$
1,247$ (223)$
(Continued)

134
360 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Fire Mutual
Aid Fund
2660
Nutritional
Meals Grant
Fund
2700
Library Fund
2750
226$ 649 $ 3,131 $ - - - - - - - - 25 - 21 116 16 5 71
242 675 3,343
- - - - - - 607 - -
- - - - - - - - - - - - - - - - 588 -
- - 949 - - - - - - - - - - - - - 147 4,240 607 735 5,189
(365) (60) (1,846) - 135 -
- 135 -
(365) 75 (1,846) 499 90 1,090
134$
165$ (756)$
(Continued)

135
361 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Cable Access
Fund
2800
Electric Public
Benefit Fund
2910
Total Nonmajor
Special
Revenue Funds
-$ - $ 54,470$ - - 1,821 - - 4,675 421 8,526 31,175
- - 519 197 468 3,810
618 8,994 96,470
40 - 77 - - 2,791 - - 2,345 - - 12,549 - - 28,340 - - 13,368 - - 7,652 - 4,738 4,738 - - 1,149 - -
1,436
- - 664 - - 34 - - 140 - - 4 24 - 10,067 64 4,738 85,354
554 4,256 11,116
- - 135 - - 135 554 4,256 11,251
4,010 10,857 105,368
4,564$ 15,113$ 116,619$

136
362 of 532

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, 2024
(amounts expressed in thousands)
Original
Budget
Final
Budget Actual
Variance with
Final Budget

REVENUES
Revenue from other agencies 1,765$ 1,934$ 3,510$ 1,576$ Licenses and permits - - - -
Fines and forfeitures - - - -
Charges for services - - - -
Miscellaneous revenue - - - -
Use of money and property - - - -
Total revenues 1,765 1 ,934 3 ,510 1 ,576

EXPENDITURES
Current:

General government - - - -
Police - - - -
Fire - - - -
Public works - - - -
Transportation - - - -
Housing, health and community development 1,098 3 ,923 2 ,700 1 ,223 Employment programs - - - -
Public service - - - -
Parks, recreation and community services - - - -
Library, arts and culture - - - -
Total current 1,098 3 ,923 2,7
00 1,223
Debt service:

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

Capital outlay 667 2,461 924 1,537
Total capital outlay 667 2,461 924 1,537
Total expenditures 1,765 6,384 3,624 2,760

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

137
363 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
1,576$ 3,758 $ 2,659 $ (1,099) $ - - - -
- - - -
- - - -
130 1 30 1 45 1 5
- - 1 0 1 0
1,706 3 ,888 2,814 (1,074)
- - - -
- - - -
- - - -
- - - -
- - - -
1,706 8 ,059 3 ,852 4 ,207
- - - -
- - - -
- - - -
- - - -
1,706 8
,059 3,852 4,207
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
1,706 8,059 3,852 4,207
- - - -
-$ -$ -$ -$
2030
Home Grant Fund
(Continued)

138
364 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ 2,931$ 4,832 $ 1,901 $ - - - - - - - - - - - - - - - - - - - - - 2,931 4,832 1,901 - - - - - - - - - - - - - - - - - - - - - 6,367 2,650 3,717 - - - - - - - - - - - - - - - - -
6,367 2,650 3,717
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - 6,367 2,650 3,717 - - - - -$ -$ -$ -$ 2040
Continuum of Care Grant Fund
(Continued)

139
365 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
152$ 152 $ 1,063 $ 911 $ - - - - - - - - - - - - - - - - - - - - 152 152 1,063 911 - - - - - - - - - - - - - - - - - - - - 152 537 477 60 - - - - - - - - - - - - - - - - 152
537 477 60
- - - - - - - - - - - - - - - - - - - - - - - - - - - - 152 537 477 60 - - - - -$ -$ -$ -$ 2050
Emergency Solutions Grant Fund
(Continued)

140
366 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
6,108$ 7,516 $ 5,820 $ (1,696) $ - - - - - - - - 133 133 52 (81) - - - - - - 53 53 6,241 7,649 5,925 (1,724) - - - - - - - - - - - - - - - - - - - - - - - - 6,241 10,070 4,662 5,408 - - - - - - - - - - - - 6,
241 10,070 4,662 5,408 - - 664 (664) - - 34 (34) - - - - - - - - - - 698 (698) - - - - - - - - 6,241 10,070 5,360 4,710 - - - - -$ -$ -$ -$ 2060
Workforce Fund
(Continued)

141
367 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ - $ - $ - - - - - - - - 42 42 37 (5) - - 8 8 42 42 59 17 84 84 104 20 - - - - - - - - - - - - - - - - - - - - 109 109 114 (5) - - - - - - - - - - - - - - - - 109
109 114 (5)
- - - - - - - - - - - - - - - - - - - - - - - - - - - - 109 109 114 (5) - - - - -$ -$ -$ -$ 2090
Affordable Housing Trust Fund
(Continued)

142
368 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ - $ - $ 349 349 213 (136) - - - - - - - - - - - - 154 154 234 80 503 503 447 (56) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,
200 2,200 487 1,713 2,200 2,200 487 1,713 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,200 2,200 487 1,713 - - - - -$ -$ -$ -$ 2100
Urban Art Fund
(Continued)

143
369 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ - $ - $ - - - - - - - - 3,064 3,064 3,033 (31) - - - - - - - - 3,064 3,064 3,033 (31) - - - - - - - - - - - - - - - - - - - - - - - - 3,064 3,064 2,990 74 - - - - - - - - - - - - 3,
064 3,064 2,990 74 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,064 3,064 2,990 74 - - - - -$ -$ -$ -$ 2110
Glendale Youth Alliance Fund
(Continued)

144
370 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ - $ - $ - - - - - - - - - - - - 10 10 10 - - - 3 3 10 10 13 3 - - - - - - - - - - - - - - - - - - - - 10 10 - 10 - - - - - - - - - - - - - - - - 10 10 - 10
- - - - - - - - - - - - - - - - - - - - - - - - - - - - 10 10 - 10 - - - - -$ -$ -$ -$ 2120
BEGIN Affordable Homeownership Fund
(Continued)

145
371 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ - $ - $ - - - - - - - - - - - - 1,400 1,400 142 (1,258) 68 68 121 53 1,468 1,468 263 (1,205) - - - - - - - - - - - - - - - - - - - - 1,852 3,401 1,524 1,877 - - - - - - - - - - - - - - - - 1,
852 3,401 1,524 1,877 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,852 3,401 1,524 1,877 - - - - -$ -$ -$ -$ 2130
Low & Moderate Income Housing Asset Fund
(Continued)

146
372 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
362$ 3,053 $ 1,551 $ (1,502) $ - - - - - - - - - - - - - - - - - - 7 7 362 3,053 1,558 (1,495) - 428 37 391 - - - - - - - - - 2,865 334 2,531 - - - - 6,000 7,054 500 6,554 - - - - - - - - 362 1
,792 561 1,231
- - - - 6,362 12,139 1,432 10,707 - - - - - - - - - - - - - - - - - - - - - 3,636 - 3,636 - 3,636 - 3,636 6,362 15,775 1,432 14,343 - - - - -$ -$ -$ -$ 2160
Grant Fund
(Continued)

147
373 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ 79 $ 79 $ 1,342 1,342 1,369 27 - - - - 607 607 668 61 - - 2 2 59 59 175 116 2,008 2,008 2,293 285 - - - - - - - - 2,060 2,067 1,673 394 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,
060 2,067 1,673 394 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,060 2,067 1,673 394 - - - - -$ -$ -$ -$ 2190
Hazardous Disposal Fund
(Continued)

148
374 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ 1 $ 1 $ 250 250 239 (11) 4,000 4,000 3,951 (49) 6,305 6,305 6,997 692 - - 20 20 152 152 678 526 10,707 10,707 11,886 1,179 - - - - - - - - - - - - 13,069 13,989 10,955 3,034 - - - - - - - - - - - - - - - - - - - - - - - - 13,
069 13,989 10,955 3,034 - - - - - - - - - - - - - - - - - - - - 1,300 4,199 1,388 2,811 1,300 4,199 1,388 2,811 14,369 18,188 12,343 5,845 - - - - -$ -$ -$ -$ 2210
Parking Fund
(Continued)

149
375 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
3,935$ 3,935 $ 3,596 $ (339) $ - - - - - - - - - - - - - - - - 210 210 391 181 4,145 4,145 3,987 (158) - - - - - - - - - - - - - - - - 1,240 5,941 946 4,995 - - - - - - - - - - - - - - - - - - - - 1,
240 5,941 946 4,995 - - - - - - - - - - - - - - - - - - - - - 242 242 - - 242 242 - 1,240 6,183 1,188 4,995 - - - - -$ -$ -$ -$ 2220
Measure M Local Return Fund
(Continued)

150
376 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ 25 $ 25 $ - - - - - - - - - - - - - - - - - - - - - - 25 25 - - - - - - - - - - - - - - 86 (86) - - - - - - - - - - - - - - - - - - - - - - - - -
- 86 (86)
- - - - - - - - - - - - - - - - - - - - - 6,703 - 6,703 - 6,703 - 6,703 - 6,703 86 6,617 - - - - -$ -$ -$ -$ 2230
Measure M Subregional Fund
(Continued)

151
377 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
308$ 731 $ 3 $ (728) $ - - - - - - - - - - - - - - - - - - - - 308 731 3 (728) - - - - - - - - - - - - - - - - - - - - 308 1,179 250 929 - - - - - - - - - - - - - - - - 308
1,179 250 929
- - - - - - - - - - - - - - - - - - - - - - - - - - - - 308 1,179 250 929 - - - - -$ -$ -$ -$ 2240
Measure H Fund
(Continued)

152
378 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ - $ - $ - - - - - - - - - - - - - - - - - - 22 22 - - 22 22 - - - - - - - - - - - - - - - - - - - - - 1,301 1,301 - - - - - - - - - - - - - - - - - -
1,301 1,301 -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,301 1,301 - - - - - -$ -$ -$ -$ 2250
2011 TABs Housing Fund
(Continued)

153
379 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
1,757$ 1,757 $ 1,674 $ (83) $ - - - - - - - - - - - - - - - - 37 37 109 72 1,794 1,794 1,783 (11) - - - - - - - - - - - - 755 1,834 547 1,287 - - - - - - - - - - - - - - - - - - - - - - - - 755
1,834 547 1,287
- - - - - - - - - - - - - - - - - - - - 1,300 4,033 2,636 1,397 1,300 4,033 2,636 1,397 2,055 5,867 3,183 2,684 - - - - -$ -$ -$ -$ 2260
Measure W Fund
(Continued)

154
380 of 532

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, 2024
(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, arts and culture
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
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
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - 185 - 185 - - - - -$ -$ -$ -$ 2280
Permament Local Housing Allocation Fund
(Continued)

155
381 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
260$ 260 $ 257 $ (3) $ - - - - - - - - - - - - - - - - 17 17 29 12 277 277 286 9 - - - - - - - - - - - - - - - - 262 262 146 116 - - - - - - - - - - - - - - - - - - - - 262
262 146 116
- - - - - - - - - - - - - - - - - - - - - - - - - - - - 262 262 146 116 - - - - -$ -$ -$ -$ 2510
Air Quality Improvement Fund
(Continued)

156
382 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (1) 1 - - - - - - - - - - - - - - - - - - - - - - - - -
- (1) 1
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (1) 1 - - - - -$ -$ -$ -$ 2520
PW Special Grants Fund
(Continued)

157
383 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ - $ - $ - - - - - - - - 70 70 69 (1) - - - - 4 4 7 3 74 74 76 2 - - - - - - - - - - - - 96 96 83 13 - - - - - - - - - - - - - - - - - - - - - - - - 96 96 83 13
- - - - - - - - - - - - - - - - - - - - - - - - - - - - 96 96 83 13 - - - - -$ -$ -$ -$ 2530
San Fernando Landscape District Fund
(Continued)

158
384 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
3,472$ 3,472 $ 3,185 $ (287) $ - - - - - - - - - - - - - - - - 217 217 416 199 3,689 3,689 3,601 (88) - - - - - - - - - - - - - - - - 3,347 3,432 1,399 2,033 - - - - - - - - - - - - - - - - - - - - 3,
347 3,432 1,399 2,033 - - - - - - - - - - - - - - - - - - - - - 3,059 134 2,925 - 3,059 134 2,925 3,347 6,491 1,533 4,958 - - - - -$ -$ -$ -$ 2540
Measure R Local Return Fund
(Continued)

159
385 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ 7,000$ 1,245 $ (5,755) $ - - - - - - - - - - - - - - - - - - - - - 7,000 1,245 (5,755) - - - - - - - - - - - - - 5,360 545 4,815 - - - - - - - - - - - - - - - - - - - - - - - - -
5,360 545 4,815
- - - - - - - - - - - - - - - - - - - - - 8,958 - 8,958 - 8,958 - 8,958 - 14,318 545 13,773 - - - - -$ -$ -$ -$ 2550
Measure R Regional Return Fund
(Continued)

160
386 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
5,581$ 5,581 $ 5,121 $ (460) $ - - - - - - - - - - - - - - - - 196 196 268 72 5,777 5,777 5,389 (388) - - - - - - - - - - - - - - - - 6,300 6,359 6,177 182 - - - - - - - - - - - - - - - - - - - - 6,
300 6,359 6,177 182 - - - - - - - - - - - - - - - - - - - - 1,500 2,951 - 2,951 1,500 2,951 - 2,951 7,800 9,310 6,177 3,133 - - - - -$ -$ -$ -$ 2560
Transit Prop A Local Return Fund
(Continued)

161
387 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
4,630$ 4,630 $ 4,248 $ (382) $ - - - - - - - - - - - - - - - - 201 201 343 142 4,831 4,831 4,591 (240) - - - - - - - - - - - - - - - - 5,069 6,524 4,782 1,742 - - - - - - - - - - - - - - - - - - - - 5,
069 6,524 4,782 1,742 - - - - - - - - - - - - - - - - - - - - - 17 - 17 - 17 - 17 5,069 6,541 4,782 1,759 - - - - -$ -$ -$ -$ 2570
Transit Prop C Local Return Fund
(Continued)

162
388 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
4,507$ 4,507 $ 3,543 $ (964) $ - - - - - - - - 11,952 11,952 11,347 (605) - - - - - - - - 16,459 16,459 14,890 (1,569) - - - - - - - - - - - - - - - - 16,459 16,459 14,890 1,569 - - - - - - - - - - - - - - - - - - - - 16,
459 16,459 14,890 1,569 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 16,459 16,459 14,890 1,569 - - - - -$ -$ -$ -$ 2580
Transit Utility Fund
(Continued)

163
389 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ - $ - $ - - - - - - 724 724 - - - - - - - - - - 85 85 - - 809 809 - - - - 684 1,306 550 756 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 684
1,306 550 756
- - - - - - - - - - 140 (140) - - 4 (4) - - 144 (144) 1,155 2,151 57 2,094 1,155 2,151 57 2,094 1,839 3,457 751 2,706 - - - - -$ -$ -$ -$ 2600
Asset Forfeiture Fund
(Continued)

164
390 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
955$ 2,428 $ 3,131 $ 703 $ - - - - - - - - - - - - 311 311 55 (256) - - 13 13 1,266 2,739 3,199 460 - - - - 1,266 4,773 1,740 3,033 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,
266 4,773 1,740 3,033 - - - - - - - - - - - - - - - - - - - - - 637 232 405 - 637 232 405 1,266 5,410 1,972 3,438 - - - - -$ -$ -$ -$ 2610
Police Fund
(Continued)

165
391 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
570$ 570 $ 555 $ (15) $ - - - - - - - - - - - - - - - - - - 30 30 570 570 585 15 - - - - 570 570 501 69 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 570
570 501 69
- - - - - - - - - - - - - - - - - - - - - - - - - - - - 570 570 501 69 - - - - -$ -$ -$ -$ 2620
Supplemental Law Enforcement Fund
(Continued)

166
392 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ 436 $ 668 $ 232 $ - - - - - - - - - - - - - - - - - - - - - 436 668 232 - - - - - - - - - 828 65 763 - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
828 65 763
- - - - - - - - - - - - - - - - - - - - - 180 43 137 - 180 43 137 - 1,008 108 900 - - - - -$ -$ -$ -$ 2650
Fire Grant Fund
(Continued)

167
393 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
1,000$ 1,000 $ 226 $ (774) $ - - - - - - - - - - - - - - - - - - 16 16 1,000 1,000 242 (758) - - - - - - - - 782 782 607 175 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 782
782 607 175
- - - - - - - - - - - - - - - - - - - - - 147 - 147 - 147 - 147 782 929 607 322 - - - - -$ -$ -$ -$ 2660
Fire Mutual Aid Fund
(Continued)

168
394 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
486$ 763 $ 649 $ (114) $ - - - - - - - - - - - - 43 43 21 (22) - - 5 5 529 806 675 (131) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 661 7
47 588 159
- - - - 661 747 588 159 - - - - - - - - - - - - - - - - - - - - - 184 147 37 - 184 147 37 661 931 735 196 133 135 135 - 133$ 135$ 135$ -$ 2700
Nutritional Meals Grant Fund
(Continued)

169
395 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
28$ 269 $ 3,131 $ 2,862 $ - - - - - - - - 60 60 25 (35) 77 77 116 39 37 37 71 34 202 443 3,343 2,900 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 491 7
,057 949 6,108
491 7,057 949 6,108 - - - - - - - - - - - - - - - - - - - - - 5,922 4,240 1,682 - 5,922 4,240 1,682 491 12,979 5,189 7,790 - - - - -$ -$ -$ -$ 2750
Library Fund
(Continued)

170
396 of 532

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, 2024
(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, arts and culture
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
Total other financing sources (uses)
Original
Budget
Final
Budget Actual
Variance with
Final Budget
-$ - $ - $ - $ - - - - - - - - 450 450 421 (29) - - - - 74 74 197 123 524 524 618 94 92 163 40 123 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 92 163 40 123
- - - - - - - - - - - - - - - - - - - - - 275 24 251 - 275 24 251 92 438 64 374 - - - - -$ -$ -$ -$ 2800
Cable Access Fund
(Continued)

171
397 of 532

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, 2024
(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, arts and culture
Total current
Debt service: