Glendora City Council
January 11, 2022

2 Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis, the Budgetary Comparison Schedule, the Schedule of Changes in Net Pension Liability and Related Ratios, the Schedule of the City’s Proportionate Share of the Net Pension Liability and Related Ratios, the Schedule of Contributions – Pensions, the Schedule of Changes in Net Other Postemployment Benefits Liability and Related Ratios, and the Schedule of Contributions – Other Postemployment Benefits on pages 3 to 14 and 93 to 105 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who 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 auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. 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.

Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The Introductory Section, the Combining and Individual Nonmajor Fund Financial Statements, and the Statistical Section are presented for purposes of additional analysis and are not a required part of the basic financial statements.

The Combining and Individual Nonmajor Fund Financial Statements are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such 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 accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the Combining and Individual Nonmajor Fund Financial Statements are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

The Introductory and Statistical Sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them.

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 22, 2021, 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 scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion 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.

Santa Ana, California
December 22, 2021
Item #13. Page 23
Meeting Date: 1/11/2022 / Packet Page #: 242
City of Glendora
Management’s Discussion and Analysis (MD&A) (Unaudited) For the Year Ended June 30, 2021
3 he management of the City of Glendora, California (City) presents this narrative overview and analysis of the financial activities of the City as of, and for the fiscal year ended, June 30, 2021.

Since Management’s Discussion and Analysis (MD&A) is designed to focus on the current year’s activities, resulting changes, and currently known facts, we encourage readers to consider the information presented here in conjunction with additional information furnished in the Letter of Transmittal and the accompanying Basic Financial Statements.

Financial Highlights
 As of June 30, 2021, the City’s net position was $172.8 million. The City’s total net position increased from the prior fiscal year’s restated net position, due to GASB 84, by $11.9 million. This is comprised of governmental activities which increased by $5.0 million and business-type activities which increased net position by $6.9 million. The net investment in capital assets in Governmental Activities decreased by $2.9 million. Several street projects were completed over the course of fiscal year 2020-2021, including Dike Lane, Ada Street, and Bonita Avenue. Facilities projects completed include Citywide HVAC replacement, City Hall Door Security, and Police Security Camera Replacement. The net investment in capital assets in Business-Type Activities increased by $0.7 million from the completion of the Dike Lane and Zara & Sellers water main replacements and other various infrastructure and water main improvements throughout the City.  The City’s total governmental funds reported combined fiscal year 2020-2021 fund balances of $68.8 million, an increase of $9.8 million in comparison with the restated prior fiscal year of $59.0 million. Of this total, $5.9 million, or approximately 8.7% of this total is nonspendable (not available for new spending). There is $23.2 million, or 33.7% in the restricted fund balance category, which is spendable with external restrictions. The committed fund balance category of $15.7 million represents the City’s contingency reserve and General Plan and File Maintenance fees. The assigned fund balance of $24.4 million represents amounts intended to be used for specific purposes but are not formally restricted or committed.
 General Fund operational revenues exceeded operational expenditures by $13.2 million and due to the prior year fund balance restatement, the General Fund was qualified to transfer an additional $2.5 million per the reserve policy. After transfers out related to the General Fund reserve policy of $12.0 million to the Capital Projects Fund, Pension Stabilization Fund, General Liability, and Technology Fund, as well as other non-reserve policy transfers, the net change in fund balance was a positive $2.3 million. Since the Pension Stabilization Fund is combined and reported in General Fund activity, the net change is assigned to PERS and OPEB.

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Item #13. Page 24
Meeting Date: 1/11/2022 / Packet Page #: 243
City of Glendora
Management’s Discussion and Analysis (MD&A) (Unaudited) (Continued) For the Year Ended June 30, 2021
4  The General Fund maintains a reserve of the fund balance committed for emergency contingencies such as economic uncertainties, local disasters, recession or other financial hardships and to subsidize unforeseen operating or capital needs and finally, for cash flow requirements.  Total Committed General Fund balance of $14.2 million is for future contingencies. Total Assigned General Fund balance of $9.8 million is comprised of $0.1 million for capital projects, $0.8 million for compensated absences, $8.7 million for CalPERS retirement costs and other post-employment benefits, and the remainder for general government. This combined Committed and Assigned amount represents an 81% reserve ratio to General Fund expenditures. The Restricted Funds balance is comprised of $0.1 million for capital projects related to the Route 66 Specific Plan.  Operating income for the City’s business-type water enterprise activity (Water Fund Operation and related Capital Projects) for fiscal year 2020-2021 was $7.1 million. Total net position for the water enterprise is $86.8 million. This is an increase from prior year’s restated net position, due to the implementation of GASB 84, of $79.8 million.

Overview of the Financial Statements
he City is required to present its financial statements in accordance with Generally Accepted Accounting Principles (GAAP) as promulgated by the Government Accounting Standard Board (GASB) pronouncements.

The City of Glendora’s Basic Financial Statements are comprised of three components:
 Government-Wide Financial Statements
 Fund Financial Statements
 Notes to the 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 are designed to provide readers with a broad overview of the City’s finances, reported in a manner similar to a private-sector business.

The Statement of Net Position presents information on all of the City’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City of Glendora is improving or declining.

The Statement of Activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event causing the change occurs, regardless of the timing of related cash flows. Thus, with the use of the accrual basis of accounting, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave).

Both the Government-Wide Financial Statements distinguish City functions 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, public safety, community services, library, and public works. The business-type activities of the City are the Water Enterprise Fund, consisting of Water Capital and Water Operations.

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Item #13. Page 25
Meeting Date: 1/11/2022 / Packet Page #: 244
City of Glendora
Management’s Discussion and Analysis (MD&A) (Unaudited) (Continued) For the Year Ended June 30, 2021
5 Pursuant to ABX1 26 (“AB 26”) approved by Governor Brown on June 28, 2011 and upheld by the California State Supreme Court on December 29, 2011, the Community Redevelopment Agency of the City of Glendora (“Agency”) was dissolved on January 31, 2012. The Net Position and changes in Net Position of the Agency, as of June 30, 2021, can be found in the Fiduciary Fund Section of the Government-Wide Financial Statements.

Fund Financial Statements
A fund is a grouping of related accounts used to maintain control over resources segregated for specific activities or objectives. The City of Glendora, 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: governmental funds, proprietary funds, and fiduciary funds.

Governmental Funds – Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, 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 funds Balance Sheet and governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate comparison between governmental funds and governmental activities.

The City of Glendora maintains 44 individual governmental funds. Information is presented separately in the governmental funds Balance Sheet and governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund and Capital Projects Fund, which are considered to be major funds for the purposes of this report. Data from the remaining 38 governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is aggregated into combining statements elsewhere in this report.

The City of Glendora adopts a biennial budget for each of its governmental funds. The second year is updated, adopted and appropriated. A budgetary comparison statement has been provided for each governmental fund to demonstrate compliance with this budget.

Proprietary Funds – The City of Glendora maintains two types of proprietary funds: enterprise funds and internal service funds. 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 its Water Operations. Internal service funds utilize an accounting mechanism used to accumulate and allocate costs internally among the City’s various functions. Internal service funds are presented as proprietary funds because both enterprise and internal service funds follow the accrual basis of accounting. The City uses internal service funds to account for its Worker’s Compensation Self-Insurance, General Liability SelfInsurance, Vehicles and Technology operations. Because these services predominantly benefit the governmental rather than business-type activities, they have been included within governmental activities in the government-wide financial statements.

Item #13. Page 26
Meeting Date: 1/11/2022 / Packet Page #: 245
City of Glendora
Management’s Discussion and Analysis (MD&A) (Unaudited) (Continued) For the Year Ended June 30, 2021
6 Fiduciary Funds – Fiduciary funds are used to account for resources legally held for the benefit of parties outside of the City. Fiduciary funds are not reflected in the government-wide financial statements because the assets of those funds are not available to support the City’s own programs. As a result of the dissolution of the Community Redevelopment Agency per AB 1484, the activities of the Successor Agency to the Former Community Redevelopment Agency are reported as a Private-Purpose Trust Fund in the Fiduciary Fund section. The fiduciary fund statements follow the proprietary fund financial statements.

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 financial statements.

Other information – In addition to the basic financial statements and accompanying notes, this report also presents Required Supplementary Information consisting of budgetary comparison schedules, notes to the budgetary comparison schedules, the City’s net pension liability – Miscellaneous Plan, the City’s proportionate share of the net pension liability – Safety Plan, the related schedule of contributions, the City’s net other post-employment benefits liability, and the related schedule of contributions.

Government-Wide Financial Analysis
The government-wide financial statements provide information about the City’s overall financial picture from the perspective of all the City’s governmental and business-type funds combined together. This form of financial reporting is intended to provide a perspective similar to that found in the private sector with its full accrual accounting basis and elimination or reclassification of internal service activities. The government-wide financial statements provide long-term and short-term information about the City’s overall financial condition. The following analysis addresses the financial statements of the City as a whole.

Statement of Net Position – Over time, net position may serve as a useful indicator of a government’s financial condition. In the case of the City of Glendora, assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $172.9 million as of June 30, 2021. By far the largest portion of the City’s net position, $133.7 million, or 77.3%, reflects its net investment in capital assets (e.g. land, intangibles, infrastructure, buildings and improvements, and equipment) less any related debt still outstanding used to acquire those assets. Deferred outflows of resources and deferred inflows of resources attributable to the acquisition, construction, or improvement of those assets or related debt are included in this component of net position. The City uses these capital assets to provide services to citizens; consequently, these assets are not available to fund future spending.

The largest variances from prior year 2019-2020 in the Summary of Net Position would be related to Current liabilities which increased by 52.5%, $8.2 million and Long-term liabilities decreased by 38.2%, $58.3 million. These major variances were due to the issuance of the 2019 Pension Obligation Bonds to pay off the City’s outstanding net pension liability with CalPERS. These proceeds were previously categorized as current year contribution and recorded under the Deferred Outflows of Resources. Due to a timing difference in CalPERS reporting and the preparation of the ACFR, these items have been resolved and eliminated in the ACFR for fiscal year ending June 30, 2021.

The following table reflects the Summary of Net Position for the fiscal year ended June 30, 2021 with the comparative data for the fiscal year ended June 30, 2020.

Item #13. Page 27
Meeting Date: 1/11/2022 / Packet Page #: 246
City of Glendora
Management’s Discussion and Analysis (MD&A) (Unaudited) (Continued) For the Year Ended June 30, 2021
7 2020 2020 2020
2021 (as restated) 2021 (as restated) 2021 (as restated) Assets:

Current and other assets $ 93,071,109 $ 72,552,722 (1) $ 42,353,997 $ 35,582,459 (1) $ 135,425,106 $ 108,135,181 Capital assets 75,867,766 78,865,254 75,045,620 75,685,644 150,913,386 154,550,898 Total assets 168,938,875 151,417,976 117,399,617 111,268,103 286,338,492 262,686,079 Deferred Outflows of Resources:

Pension related items 24,753,563 61,396,126 624,167 8,979,959 25,377,730 70,376,085 OPEB related items 1,007,865 230,900 344,248 86,432 1,352,113 317,332 Deferred charges on refunding - - 1,074,201 1,147,739 1,074,201 1,147,739 Total outflows of resources 25,761,428 61,627,026 2,042,616 10,214,130 27,804,044 71,841,156 Liabilities:

Current liabilities 17,672,738 9,972,591 6,177,155 5,662,291 23,849,893 15,634,882 Long-term liabilities 66,535,933 115,650,270 27,908,336 37,094,570 94,444,269 152,744,840 Total liabilities 84,208,671 125,622,861 34,085,491 42,756,861 118,294,162 168,379,722 Deferred Inflows of Resources:

Pension related items 20,449,311 2,107,853 643,283 166,153 21,092,594 2,274,006 OPEB related items 1,883,357 2,155,812 - 806,978 1,883,357 2,962,790 Total inflows of resources 22,332,668 4,263,665 643,283 973,131 22,975,951 5,236,796 Net position:

Net investment in
capital assets 75,244,307 78,173,973 58,431,708 57,724,416 133,676,015 135,898,389 Restricted 23,229,677 21,659,671 - - 23,229,677 21,659,671 Unrestricted (10,315,020) (16,675,168) (1) 26,281,751 20,027,825 (1) 15,966,731 3,352,657 Total Net Position $ 88,158,964 $ 83,158,476 $ 84,713,459 $ 77,752,241 $ 172,872,423 $ 160,910,717 (1)Amount restated, due to implementation of GASB 84.

City of Glendora
Governmental Activities Business-Type Activities Total
Summary of Net Position
As of June 30, 2021 and 2020
Changes in Net Position – In fiscal year 2020-2021, the City’s governmental activities total revenues and transfers of $51.9 million exceeded expenses of $46.9 million by $5.0 million. The City’s expenses cover a range of services. For governmental activities, the expenses were in Public Safety ($22.9 million), followed by Public Works ($11.2 million), Community Services ($5.5 million), General Government ($3.6 million), Library ($2.3 million), and Interest and Fiscal Charges ($1.4 million). Further analysis is provided within the governmental and business-type activities sections on the following pages.

A large portion of the net position is restricted for specific purposes such as $6.0 million for Public Works, $13.8 million for Community Services, and $1.2 million for Affordable Housing. The deficit balance in unrestricted net position is due to compliance with GASB 68 and 75, which requires the City to record the liabilities for Pension and OPEB related items in the government-wide statements.

Governmental Activities
Governmental Activities - Governmental activities reflects an increase of $5.0 million in net position for 2020-2021. A comparison of the cost of services by function for the City’s governmental activities is shown below, along with the revenues used to cover the net expenses of the governmental activities, and with the comparative data from fiscal year 2019-2020.

Item #13. Page 28
Meeting Date: 1/11/2022 / Packet Page #: 247
City of Glendora
Management’s Discussion and Analysis (MD&A) (Unaudited) (Continued) For the Year Ended June 30, 2021
8 2021 2020 2021 2020 2021 2020
Program Revenues:

Charges for services $ 5,795,040 $ 5,647,582 $ 24,422,013 $ 21,896,939 $ 30,217,053 $ 27,544,521 Operating grants and contributions 6,501,865 4,511,498 - - 6,501,865 4,511,498 Capital grants and contributions 2,047,936 1,317,887 - - 2,047,936 1,317,887 Total program revenues 14,344,841 11,476,967 24,422,013 21,896,939 38,766,854 33,373,906 General Revenues:

Property taxes 15,108,885 14,021,824 - - 15,108,885 14,021,824 Transient occupancy taxes 134,426 161,499 - - 134,426 161,499 Sales taxes 10,258,606 8,895,761 - - 10,258,606 8,895,761 Franchise taxes 2,611,371 2,213,174 - - 2,611,371 2,213,174 Business license taxes 381,838 378,614 - - 381,838 378,614 Other taxes 7,961,649 6,214,304 - - 7,961,649 6,214,304 Motor vehicle in lieu - unrestricted 38,188 41,252 - - 38,188 41,252 Use of money and property 835,709 2,426,585 64,348 1,209,118 900,057 3,635,703 Other 247,575 47,289 - - 247,575 47,289
Gain/(Loss) on sale of property - - - - - -
Total general revenues 37,578,247 34,400,302 64,348 1,209,118 37,642,595 35,609,420 Program Expenses:

General government 3,593,105 3,188,875 - - 3,593,105 3,188,875 Public safety 22,907,854 22,278,483 - - 22,907,854 22,278,483 Community services 5,512,703 4,561,914 - - 5,512,703 4,561,914 Library 2,307,377 2,512,957 - - 2,307,377 2,512,957
Public works 11,221,659 12,775,567 - - 11,221,659 12,775,567 Interest and fiscal charges 1,416,548 1,793,074 - - 1,416,548 1,793,074 Water - - 17,488,497 16,410,112 17,488,497 16,410,112
Total expenses 46,959,246 47,110,870 17,488,497 16,410,112 64,447,743 63,520,982 Excess(Deficiency) Before Transfers 4,963,842 (1,233,601) 6,997,864 6,695,945 11,961,706 5,462,344 Transfers 36,646 34,988 (36,646) (34,988) - -
Change in Net Position 5,000,488 (1,198,613) 6,961,218 6,660,957 11,961,706 5,462,344 Net Position - Beginning of Year 83,158,476 81,338,826 77,752,241 70,672,234 160,910,717 152,011,060 Restatement of Net Position(1) 3,018,263 - - 419,050 - 3,437,313 Net Position - End of Year $ 88,158,964 $ 83,158,476 $ 84,713,459 $ 77,752,241 $ 172,872,423 $ 160,910,717 (1)Due to the implementation of GASB 84.

City of Glendora
Statement of Changes in Net Position
With comparative data for fiscal year ended June 30, 2020 Fiscal Year Ended June 30, 2021
Governmental Activities Total Business-Type Activities
Total Program Revenues from governmental activities were $14.3 million in fiscal year 2020-2021. Per GASB 34, program revenues are derived directly from the program itself or from parties outside the reporting government’s taxpayers or citizens. Program Revenues reduce the net cost of the functions financed from the government’s general revenues. As reflected in the table above, 40.4% of the Governmental Program Revenues came from Charges for Services (which includes licenses and permits, plan check fees, recreation fees, police special service fees, and other revenues), 45.3% from the Operating Grants and Contributions category (including restricted revenues such as Gas Tax, Asset Forfeitures and Federal/State Grants), and 14.3% are from Capital Grants and Contributions.

Item #13. Page 29
Meeting Date: 1/11/2022 / Packet Page #: 248
City of Glendora
Management’s Discussion and Analysis (MD&A) (Unaudited) (Continued) For the Year Ended June 30, 2021
9 Program revenues increased by $2.8 million due to a combination of factors that includes the continued impact of the COVID-19 pandemic. Charges for services increased by $0.15 million, maintaining steady activity compared to prior year with increases in contract classes and building permits. In addition, there was an increase of $1.9 million in operating grants and services, with the largest increase of $0.4 million from the receipt of the Coronavirus Aid, Relief, and Economic Security Act (CARES) funding. Remaining increases totaling $1.0 million include funding from Measure H, Community Block Development Grant, and the Federal Transit Administration Section 5310 grant.

As illustrated, 72% of government services were funded by General Revenues and transfers. General Revenues consist of all other revenues not categorized as program revenues such as various taxes, and the use of money and property. Items such as public safety services (2009 Pension Obligation Bond) are supported through General Revenues.

General Revenues from governmental activities accounted for 72% of total City revenues, and Program revenues were 28%. Total General Revenues from governmental activities were $37.6 million in fiscal year 2020-2021. Property taxes comprised the largest percentage of General Revenues, 40% or $15.1 million received during the fiscal year.

Business-Type activities net position was $84.7 million, an increase of $6.9 million from the prior fiscal year’s restated net position. Total program revenues from Business-Type Activities were $24.4 million.

Total expenses for the Business-Type activities were $17.5 million for fiscal year 2020-2021. The increase in net position was income from sales over operating expenses in the Water Fund.

Revenue Highlights
As demonstrated in the chart below, revenues received by the entire City’s governmental funds were $52 million in fiscal year 2020-2021, an increase of $6 million from fiscal year 2019-2020. This increase consists primarily of the increase in taxes revenue ($4.6 million) from Sales Tax and Measure E transaction and use tax revenue and the increase on property values. There was an increase of $2.4 million in intergovernmental revenue through a combination of granting agencies, with the largest increase of $0.9 million from the receipt of funds for Measure W and $0.4 million in Coronavirus Aid, Relief, and Economic Security Act (CARES) funding. Remaining increases totaling $1.1 million include funding from Measure H, Community Block Development Grant, and the Federal Transit Administration Section 5310 grant, and other small increases from various sources.

2021 % 2020 % % Change
Taxes $ 72.7% 32,959,699 37,611,710 $ 71.8% 14.1%
Licenses & permits 1,824,644 3.5% 1,583,745 3.5% 15.2%
Intergovernmental 8,811,239 17.0% 6,379,365 13.9% 38.1% Charges for service 1,769,622 3.4% 1,809,397 3.9% -2.2% Use of money & property 970,299 1.9% 2,599,041 5.7% -62.7% Fines and forfeitures 269,946 0.5% 281,788 0.6% -4.2%
Contributions 100,822 0.2% 111,450 0.2% -9.5%
Miscellaneous 406,527 0.8% 178,011 0.4% 128.4%
Total $ 100.0% 45,902,496 51,764,809 $ 100.00% 12.8%
Statement of Revenues by Category
All Governmental Funds
Item #13. Page 30
Meeting Date: 1/11/2022 / Packet Page #: 249
City of Glendora
Management’s Discussion and Analysis (MD&A) (Unaudited) (Continued) For the Year Ended June 30, 2021
10 General Fund revenues for fiscal year 2020-2021 increased by $4.2 million from fiscal year 2019-20. The increase in revenue in fiscal year 2020-2021 is primarily attributable to the collection of Measure E transaction and use taxes, which alone attributed to an increase of $3.0 million to the City. 2021 % 2020 % % Change
Taxes $ 87.0% 32,396,433 37,004,148 $ 84.6% 14.2%
Licenses & permits 1,824,644 4.3% 1,583,745 4.1% 15.2%
Intergovernmental 835,796 2.0% 380,912 1.0% 119.4%
Charges for service 1,545,169 3.6% 1,636,712 4.3% -5.6% Use of money & property 824,293 1.9% 1,947,788 5.1% -57.7% Fines and forfeitures 269,946 0.6% 281,788 0.7% -4.2%
Contributions - 0.0% 13,380 0.0% -100.0%
Miscellaneous 235,253 0.6% 52,347 0.1% 349.4%
Total $ 100.0% 38,293,105 42,539,249 $ 100.0% 11.1%
General Fund
Statement of Revenues by Category

Expense Highlights
Functional expenses for the years ended June 30, 2021 and 2020 for Governmental Activities were as follows:
2021 2020 2021 2020
General Government $ 3,593,105 $ 3,188,875 $ 2,677,755 $ 2,692,763 Public Safety 22,907,854 21,317,972 22,278,483 20,812,794 Community Services 5,512,703 4,561,914 2,550,907 2,518,990 Library 2,307,377 2,512,957 2,179,560 2,368,123
Public Works 11,221,659 2,471,663 12,775,567 5,448,159
Interest on LT Debt 1,416,548 1,793,074 1,416,548 1,793,074 Total $ 46,959,246 $ 47,110,870 $ 32,614,405 $ 35,633,903 Cost of Governmental Activities
of Services
Total Cost Net Cost
of Services

Expenses for the City totaled $64.5 and $63.5 million for the years ended June 30, 2021 and 2020, respectively. Of these total expenses, governmental activities incurred $47.0 and $47.1 million and business-type activities incurred $17.5 and $16.4 million during the years ended June 30, 2021, and 2020, respectively.

General Fund expenses, as shown in the table below, decreased by $49.3 million from fiscal year 2019- 2020. This decrease is primarily due to the payment to CalPERS in the amount of $63.7 million to pay off the unfunded actuarial liability (UAL) in prior year. Of the $63.7 million, $49.5 million was recorded in the General Fund. $32.7 million paid down the Safety portion of the UAL, which contributes to the $36.4 million increase in Public Safety, and the remaining $16.8 million represented the Miscellaneous portion, which was distributed to the other departments within the General Fund.

Item #13. Page 31
Meeting Date: 1/11/2022 / Packet Page #: 250
City of Glendora
Management’s Discussion and Analysis (MD&A) (Unaudited) (Continued) For the Year Ended June 30, 2021
11 2021 % 2020 %
General Government $ 2,877,120 9.79% 5,763,083 $ 7.32%
Public Safety 16,501,322 56.18% 52,706,900 66.96%
Community Services 2,035,834 6.93% 4,340,154 5.51%
Library 1,855,956 6.32% 4,256,325 5.41%
Public Works 5,257,788 17.90% 10,829,118 13.76%
Capital Outlay - 0.00% - 0.00%
Debt Service 845,568 2.88% 816,234 1.04%
Total $ 29,373,588 100.00% 78,711,814 $ 100.00%
Expenditures Summary
General Fund
Financial Analysis of the Government Funds
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Governmental Funds - The City’s governmental funds focus information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. In particular, unreserved 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 balance of $68.9 million, an increase of $12.9 million from the prior year. Of this total, approximately $5.9 million is “Nonspendable” as it represents an advance receivable from the Successor Agency. $23.2 million is “Restricted” to complete special activities and capital improvement projects or debt service commitments, $15.6 million is “Committed” for future contingencies and capital projects, and $24.3 million is “Assigned” for various purposes. The remainder of the combined fund balance is negative $0.3 million and currently classified as unassigned due to special revenue funds for grants processed on a reimbursement basis.

The General Fund is the primary operating fund of the City of Glendora. As a measure of the General Fund’s accumulated resources, it is useful to compare spendable fund balance to total expenditures.

Spendable fund balance of $24.0 million, represents 81.4% of 2021 General Fund expenditures.

A component of spendable fund balance, $14.2 million, has been committed by the City Council (and incorporated into the City’s Financial Policies) for future emergency contingencies. The emergency contingencies reserve is established at a maximum of 45% of prior year operating General Fund expenditures (excluding capital outlay and debt service expenditure), and that amounts in excess of 45% at year-end should be transferred per the policy to the Capital Projects Fund, Pension Stabilization Fund, and any deficit internal service fund. As of June 30, 2021, the contingencies reserve equals 49% of fiscal year 2020 operating expenditures net transfers in. As of June 30, 2021, the City transferred $12.0 million, $6.0 million into the Capital Projects Fund, $3.6 million into Pension Stabilization Fund (combined with the General Fund for presentation purposes), $1.8 million into Technology Fund, and $0.6 million into General Liability Fund related to the General Fund reserve policy.

Excess General funds, if any, are transferred to the City Capital Projects Fund per the reserve policy adopted by the City Council. Within the City Capital Projects Fund transfers in increased by $3.4 million from prior fiscal year, due to an increase in excess general funds per the reserve policy. Expenditures increased by $0.2 million due to less projects being initiated due to the impact of vacancies within the Public Works department and external challenges the City faced because of the COVID-19 pandemic.

Item #13. Page 32
Meeting Date: 1/11/2022 / Packet Page #: 251
City of Glendora
Management’s Discussion and Analysis (MD&A) (Unaudited) (Continued) For the Year Ended June 30, 2021
12 Proprietary Funds - The City’s presentation of proprietary funds (Water and other enterprises) provides the same type of information found in the government-wide financial statements but offers additional detail in the form of a Statement of Cash Flows. Net Position of the Water Fund, inclusive of capital assets, is $86.8 million as of June 30, 2021. Unrestricted assets are $28.4 million. Assets invested in capital infrastructure, and thus unavailable for disbursement, equal $58.4 million, net of accumulated depreciation.

General Fund Budgetary Highlights
The City’s adopted General Fund budget was amended throughout the fiscal year. The amendments included adjustments for various transfers between line items and adjustments approved by Council.

The variance between the final amended revenue budget and actual results of $4.5 million represents a

12.0% increase. Taxes exceeded budget by $3,580,539; licenses and permits exceeded budget by $291,784; intergovernmental by $15,396; charges for services exceeded budget by $388,964; use of money and property did not meet its budget by $66,257 due to calculated GASB 31 unrealized gains; fines and forfeitures and miscellaneous exceed their budget by $76,946 and $165,703, respectively. Additionally, due to the impact of the pandemic, revenues were closely monitored during the year and adjusted when updated information became available.

The positive variance of $4.0 million between the final adopted expenditure budget and actual results is a result of prudent budget management and monitoring by the departments of Public Safety, Community Development, Community Services and Public Works where actual expenditures were less than the budgeted amount. In addition, the City experienced periods of staff vacancies and turnover, which also contributed to budget savings.

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, 2021 and 2020 amounts to $150.9 million and $154.5 million respectively, net of depreciation. This investment in capital assets includes land, intangibles, buildings, park improvements, roadways, sewers, storm drains, vehicles, computer equipment, furniture, machinery, other equipment, and construction in progress. The total decrease in the City’s investment in capital assets net of depreciation for the current fiscal year was $3.6 million. While many projects were completed during the year, the current year depreciation exceeded the current year additions. However, Business-Type Activities saw an increase of $0.6 million.

More detailed information is available regarding the City’s capital assets in Note 6 of the basic financial statement.
2021 2020 2021 2020 2021 2020
Land $ 11,694,092 $ 11,694,092 $ 662,440 $ 662,440 $ 12,356,532 $ 12,356,532 Construction in progress 898,790 2,141,758 1,324,480 2,033,052 2,223,270 4,174,810 Water pumping rights - 4,715,599 - 4,715,599 4,715,599 4,715,599 Intangibles 653,593 653,593 223,845 223,845 877,438 877,438 Buildings and improvements 14,761,319 15,248,833 9,646,677 9,858,421 24,407,996 25,107,254 Machinery and equipment 5,839,174 6,662,443 34,431,953 35,771,584 40,271,127 42,434,027 Infrastructure 42,020,798 42,464,535 24,040,626 22,420,703 66,061,424 64,885,238 Total $ 75,867,766 $ 78,865,254 $ 75,045,620 $ 75,685,644 $ 150,913,386 $ 154,550,898 City of Glendora
Capital Assets
(Net of Accumulated Depreciation)
June 30, 2021
Governmental Activities Business-Type Activities Total
Item #13. Page 33
Meeting Date: 1/11/2022 / Packet Page #: 252
City of Glendora
Management’s Discussion and Analysis (MD&A) (Unaudited) (Continued) For the Year Ended June 30, 2021
13 Long-Term Debt – As of June 30, 2021, the City’s Governmental long-term debt outstanding included $52.9 million for the 2019 Pension Obligation Bond, Series A issuance, $0.6 million for a lease with Pinnacle Public Finance, and $7.5 million for Claims and judgements. For the same period, the City’s Business-Type long-term debt included $8.3 million for the new 2019 Pension Obligation Bond, Series A issuance and $9.1 million and $6.5 million respectively for 2012 and 2016 Series A CSCDA water and wastewater revenue bonds. The total long-term debt, including the City’s other post-employment liabilities and aggregate net pension liabilities, for both Governmental and Business-Type activities was $103.9 million, compared to $161.8 million in fiscal year 2019-2020. This decrease is primarily due to the payment to CalPERS in the amount of $63.7 million to pay off the unfunded actuarial liability (UAL) in prior year.

The City’s net other post-employment liability, $9.1 million Governmental and $3.1 million Business-Type, and aggregate net pension liabilities, $3.2 million Governmental and $0.5 million Business-Type, have been presented as separate and distinct line items on the City’s Statement of Net Position and therefore have been excluded from the Long-Term Debt chart below.

Further details on long-term debt for governmental and business-type activities can be found in Note 7 of the financial statements.

Economic Factors and Next Year’s Budget
Although the focus of this Annual report is the economic condition of the City in the fiscal year ended June 30, 2021, in preparing the biennial budget for Fiscal Years 2022-24, management considered the possible impact the State of California and the national economies will have on the City’s budget. The most prominent situation affecting next year’s economy are the remaining effects of the COVID-19 pandemic and its impact to our State and national economy. With loosening of the restrictions, we anticipate many revenue sources to be back to their pre-pandemic levels.

Home prices continue to increase in value, property taxes, our single largest revenue source, increased 8.0% from prior year 2019-2020.
2021 2020 2021 2020 2021 2020
2009 Taxable Pension Obligation Bonds,
Series A $ $ 815,000 - $ - $ - $ - $ 815,000
2019 Taxable Pension Obligation Bonds,
Series A 52,907,175 54,177,309 8,327,825 8,527,691 61,235,000 62,705,000 Pinnacle Public Finance - Lease 623,459 691,281 - - 623,459 691,281 2012 Series A CSCDA Water & Wastewater
Pooled Revenue Bonds - 9,135,000 - 10,040,000 9,135,000 10,040,000 Bond premium - - 842,519 895,366 842,519 895,366
2016 Water Revenue Refunding Bonds
Wastewater Revenue Bonds - 6,455,000 - 6,845,000 6,455,000 6,845,000 Bond discount - 1,200,577 - 1,309,720 1,200,577 1,309,720 Total Bonds Payable 53,530,634 55,683,590 25,960,921 27,617,777 79,491,555 83,301,367 Compensated absences - Governmental Funds 831,599 788,910 - - 831,599 788,910 Compensated absences - Internal Service Funds 53,310 35,776 - - 53,310 35,776 Compensated absences - - 197,618 145,705 197,618 145,705 Claims and judgments 7,477,640 7,124,686 - - 7,477,640 7,124,686 Total Long-Term Debt $ 61,893,183 $ 63,632,962 $ 26,158,539 $ 27,763,482 $ 88,051,722 $ 91,396,444 Governmental Activities Business-Type Activities Total
City of Glendora
Long-Term Debt
June 30, 2021
Item #13. Page 34
Meeting Date: 1/11/2022 / Packet Page #: 253
City of Glendora
Management’s Discussion and Analysis (MD&A) (Unaudited) (Continued) For the Year Ended June 30, 2021
14 As of September 2021, the California unemployment rate was recorded 7.5% a 3.6% decrease from September 2020. A total of 16.7 million California jobs were totaled as of September 2021, a 0.8 million increase from September 2020. The Leisure and hospitality industry experienced the greatest job gain since September 2020.

City Council approved the biennial budget for Fiscal Years 2022-24 with a surplus of $2.4 million in the General Fund. The City was able to navigate uncertain times without reductions in staffing primarily due to sales and transactions and use tax (voter approval of Measure E) revenue and the continued savings realized from the 2019 POB issuance. Departments continue their efforts to provide programs and services to the community efficiently, and within the current resources available.

As a primary goal of the City Council and Management, the City continues to follow the City’s Mission Statement and Strategic Plan, which is “to provide the citizens and business community effective municipal services while maintaining our historical sense of community values.” Request for Information
This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors with a general overview of the financial position of the City of Glendora and to show the City’s accountability for the money it receives. Questions concerning any of the information provided in this report, or requests for additional financial information should be directed to the Administrative Services Department Finance Division at the City of Glendora, 116 East Foothill Boulevard, Glendora, CA 91741.

Item #13. Page 35
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BASIC FINANCIAL STATEMENTS
15 Item #13. Page 36
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16 Item #13. Page 37
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GOVERNMENT-WIDE FINANCIAL STATEMENTS
17 Item #13. Page 38
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Governmental Business-Type
Activities Activities Total
ASSETS
Current assets:

Cash and investments 70,905,337 $ 38,468,101 $ 109,373,438 $ Receivables:

Accounts 5,908,641 493,525 6,402,166
Taxes - 4,156,817 4,156,817
Accrued interest 165,200 98,940 264,140
Internal balances 2,121,686 (2,121,686) -
Due from other government 864,781 - 864,781
Total current assets 42,353,996 78,707,346 121,061,342
Noncurrent assets:

Restricted Cash and investment
Cash with Fiscal agent 2 1 3
Notes and loans 8,403,495 - 8,403,495
Advances to the Successor Agency 5,960,266 - 5,960,266
Capital assets:

Nondepreciable 13,246,475 6,926,364 20,172,839
Depreciable, net 62,621,291 68,119,256 130,740,547
Total capital assets 75,867,766 75,045,620 150,913,386
Total noncurrent assets 75,045,621 90,231,529 165,277,150 Total assets 117,399,617 168,938,875 286,338,492

DEFERRED OUTFLOWS OF RESOURCES
Other postemployment benefits related items 1,007,865 344,248 1,352,113 Pension related items 24,753,563 624,167 25,377,730
Deferred loss on refunding - 1,074,201 1,074,201
Total deferred outflows of resources 2,042,616 25,761,428 27,804,044 City of Glendora
Statement of Net Position
June 30, 2021
Primary Government
See accompanying Notes to the Basic Financial Statements. 18 Item #13. Page 39
Meeting Date: 1/11/2022 / Packet Page #: 258
Governmental Business-Type
Activities Activities Total

LIABILITIES
Current liabilities:

Accounts payable 2,419,557 3,494,259 5,913,816
Accrued liabilities 1,058,565 198,203 1,256,768
Retention payable 55,017 - 55,017
Accrued interest payable 126,949 180,375 307,324
Unearned revenue 3,762,553 - 3,762,553
Deposits payable 2,647,905 379,848 3,027,753
Long-term liabilities - due within one year 7,657,209 1,869,453 9,526,662 Total current liabilities 6,177,155 17,672,738 23,849,893 Noncurrent liabilities:

Long-term liabilities - due in more than one year 54,235,974 24,289,086 78,525,060 Net other postemployment benefits liability 9,080,098 3,101,413 12,181,511 Aggregate net pension liability 3,219,861 517,837 3,737,698 Total noncurrent liabilities 27,908,336 66,535,933 94,444,269 Total liabilities 34,085,491 84,208,671 118,294,162

DEFERRED INFLOWS OF RESOURCES
Other postemployment benefits related items 1,883,357 643,283 2,526,640 Pension related items 20,449,311 - 20,449,311
Total deferred inflows of resources 643,283 22,332,668 22,975,951

NET POSITION
Net investment in capital assets 75,244,307 58,431,708 133,676,015 Restricted for:

Community development projects 843,597 - 843,597
Public safety 607,907 - 607,907
Public works and capital projects 6,003,081 - 6,003,081 Community services 13,794,174 - 13,794,174
PEG Cable TV 482,854 - 482,854
Glendora Village Business District 116,487 - 116,487
Affordable Housing 1,203,004 - 1,203,004
Library 9,562 - 9,562
Debt service 52,618 - 52,618
Route 66 Specific Plan Capital Projects 116,393 - 116,393 Total restricted 23,229,677 23,229,677 -
Unrestricted (10,315,020) 26,281,751 15,966,731
Total net position $ 84,713,459 88,158,964 $ 172,872,423 $ June 30, 2021
Primary Government
City of Glendora
Statement of Net Position (Continued)
See accompanying Notes to the Basic Financial Statements. 19 Item #13. Page 40
Meeting Date: 1/11/2022 / Packet Page #: 259
Operating Capital
Charges for Grants and Grants and
Functions/Programs Expenses Services Contributions Contributions Governmental activities:

General government $ 3,593,105 $ 388,634 $ 526,716 $ -
Public safety 22,907,854 404,378 1,185,504 -
Community services 5,512,703 1,560,560 1,293,305 107,931 Library 2,307,377 1,357 126,460 -
Public works 11,221,659 3,440,111 3,369,880 1,940,005
Interest and fiscal charges 1,416,548 - - -
Total governmental activities 5,795,040 46,959,246 6,501,865 2,047,936 Business-type Activities:

Water 17,488,497 24,422,013 - -
Total business-type activities 24,422,013 17,488,497 - - Total primary government $ 30,217,053 64,447,743 $ 6,501,865 $ 2,047,936 $ Program Revenues
City of Glendora
Statement of Activities
For the Year Ended June 30, 2021
See accompanying Notes to the Basic Financial Statements. 20 Item #13. Page 41
Meeting Date: 1/11/2022 / Packet Page #: 260
Governmental Business-Type
Functions/Programs Activities Activities Total
Governmental Activities:

General government $ (2,677,755) $ (2,677,755) - $
Public safety (21,317,972) (21,317,972) -
Community services (2,550,907) (2,550,907) -
Library (2,179,560) (2,179,560) -
Public works (2,471,663) (2,471,663) -
Interest and fiscal charges (1,416,548) (1,416,548) -
Total governmental activities - (32,614,405) (32,614,405) Business-type Activities:

Water 6,933,516 - 6,933,516
Total business-type activities 6,933,516 - 6,933,516
Total primary government 6,933,516 (32,614,405) (25,680,889) General revenues and transfers:

General revenues:

Taxes:

Property taxes, levied for general purpose 15,108,885 - 15,108,885 Transient occupancy taxes 134,426 - 134,426
Sales taxes 10,258,606 - 10,258,606
Franchise taxes 2,611,371 - 2,611,371
Business license taxes 381,838 - 381,838
Other taxes 7,961,649 - 7,961,649
Total taxes - 36,456,775 36,456,775
Motor vehicle in lieu - unrestricted 38,188 - 38,188
Use of money and property 835,709 64,348 900,057
Miscellaneous revenue 247,575 - 247,575
Total general revenues 64,348 37,578,247 37,642,595
Transfers (36,646) 36,646 -
Changes in net position 6,961,218 5,000,488 11,961,706
Net position - beginning of year, as restated (Note 13) 77,752,241 83,158,476 160,910,717 Net position - end of year $ 84,713,459 88,158,964 $ 172,872,423 $ Net (Expenses) Revenues and
Changes in Net Position
City of Glendora
Statement of Activities (Continued)
For the Year Ended June 30, 2021
See accompanying Notes to the Basic Financial Statements. 21 Item #13. Page 42
Meeting Date: 1/11/2022 / Packet Page #: 261
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22 Item #13. Page 43
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FUND FINANCIAL STATEMENTS
23 Item #13. Page 44
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24 Item #13. Page 45
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GOVERNMENTAL FUND FINANCIAL STATEMENTS
25 Item #13. Page 46
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26 Item #13. Page 47
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Nonmajor Total
City Capital Governmental Governmental
General Projects Funds Funds
ASSETS
Pooled Cash and investments $ 23,404,525 $ 14,721,537 $ 20,333,186 $ 58,459,248 Receivable:

Accounts 456,331 - 37,194 493,525
Taxes 4,119,228 - 37,589 4,156,817
Notes and loans - 180,711 8,222,784 8,403,495
Accrued interest - 126,147 39,053 165,200
Due from other funds 612,345 - - 612,345
Due from other governments - - 864,781 864,781
Advances to Successor Agency - 5,960,266 - 5,960,266
Restricted assets:

Cash and investments with fiscal agents 1 - 1 2
Total assets $ 14,902,248 34,678,843 $ 29,534,588 $ 79,115,679 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
Liabilities:

Accounts payable 1,111,678 $ 298,446 $ 550,617 $ 1,960,741 $ Accrued liabilities 917,921 - 71,935 989,856
Due to the City - - 612,345 612,345
Deposit payable 2,647,905 - - 2,647,905
Unearned revenue - - 3,762,553 3,762,553
Total Liabilities 298,446 4,677,504 4,997,450 9,973,400 Deferred inflows of resources:

Unavailable revenue - - 269,143 269,143
Fund balances:

Nonspendable:

Advances to Successor Agency - 5,960,266 - 5,960,266
Restricted for:

Community development projects - - 843,597 843,597
Public safety - - 607,907 607,907
Public works and capital projects - - 6,003,081 6,003,081 Community services - - 13,794,174 13,794,174
PEG Cable TV - - 482,854 482,854
Glendora Village Business District - - 116,487 116,487
Affordable housing - - 1,203,004 1,203,004
Library - - 9,562 9,562
Debt service - - 52,618 52,618
Route 66 Specific Plan Capital Projects 116,393 - - 116,393 Committed to:

Contingency reserve 14,153,601 - - 14,153,601
General Plan - - 600,211 600,211
Plan Maintenance Fees - - 864,912 864,912
Assigned to:

Capital projects 61,000 14,603,802 - 14,664,802
General government - 191,668 - 191,668
Compensated absences 770,996 - - 770,996
PERS and OPEB 8,747,415 - - 8,747,415
Unassigned (deficit) - - (310,412) (310,412)
Total fund balances 14,603,802 30,001,339 24,267,995 68,873,136 Total liabilities, deferred inflows of
resources, and fund balances $ 14,902,248 34,678,843 $ 29,534,588 $ 79,115,679 $ City of Glendora
Balance Sheet
Governmental Funds
June 30, 2021
See accompanying Notes to the Basic Financial Statements. 27 Item #13. Page 48
Meeting Date: 1/11/2022 / Packet Page #: 267
Total Fund Balances - Total Governmental Funds $ 68,873,136 Amounts reported for governmental activities in the statement of net position are different because:

Nondepreciable assets 13,246,475 $
Depreciable assets, net of $2,273,647 reported in Internal Service Funds 60,347,644 73,594,119 269,143
24,531,697
Aggregate net pension liabilities, net of $(184,070) reported under Internal Service Funds (3,035,791) (20,449,311)
885,498
Net OPEB liabilities, net of $(1,102,427) reported under Internal Service Funds (7,977,671) (1,654,696)
5,026,272
(121,411)
Lease payable (623,459)
Pension obligation bonds, net of $(2,580,212) reported under Internal Service Funds (50,326,963) (831,599)
Net position of governmental activities $ 88,158,964
OPEB related deferred inflows of resources, net of $(228,661) reported under Internal Service Funds Internal service funds are used by the City to charge the cost of materials and supplies, maintenance and repair of vehicles and equipment and printing services provided to the various departments of the City. The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Position. Internal Service funds net position, net of deficit in the amount of $(2,121,686) reported in Business-type activities.

Accrued interest payable for the current portion of interest due on long-term debt has not been reported in the governmental funds.

Long-term liabilities applicable to the City's governmental activities are not due and payable in the current period and, accordingly are not reported as fund liabilities. All liabilities, both current and long-term are reported in the Statement of Net Position. Balances at June 30, 2021 are:

Compensated absences, net of $(53,310) reported under Internal Service Funds OPEB related deferred outflows of resources, net of $122,367 reported under Internal Service Funds City of Glendora
Reconciliation of the Governmental Funds Balance Sheet
to the Government-Wide Statement of Net Position
For the Year Ended June 30, 2021
Capital assets used in governmental activities are not current financial resources and therefore are not reported in governmental funds. Those assets consist of:

Amount reported in government-wide statement of position:

Some of the City's receivables for operating and capital grant reimbursements will be collected after year end, but are not available soon enough to pay for current-period expenditures, and therefore, are reported as unavailable revenues in the governmental funds.

Net pension liabilities and the related deferred outflows of resources and deferred inflows of resources are not due and payable in the current period or not available for current expenditures and are not reported in the governmental fund financial statements:

Pension related deferred outflows of resources, net of $221,866 reported under Internal Service Funds Pension related deferred inflows of resources, net of $0 reported under Internal Service Funds Net other postemployment benefits liability and the related deferred outflows of resources and deferred inflows of resources are not due and payable in the current period or not available for current expenditures and are not reported in the governmental fund financial statements:

See accompanying Notes to the Basic Financial Statements. 28 Item #13. Page 49
Meeting Date: 1/11/2022 / Packet Page #: 268
Nonmajor Total
City Capital Governmental Governmental
General Projects Funds Funds
REVENUES:

Taxes $ 37,004,148 $ - $ 607,562 $ 37,611,710
Licenses and permits 1,824,644 - - 1,824,644
Intergovernmental 835,796 - 7,975,443 8,811,239
Charges for services 1,545,169 - 224,453 1,769,622
Use of money and property 824,293 (1,898) 147,904 970,299 Fines and forfeitures 269,946 - - 269,946
Contributions - - 100,822 100,822
Miscellaneous 235,253 - 171,274 406,527
Total revenues 42,539,249 (1,898) 9,227,458 51,764,809
EXPENDITURES:

Current:

General government 2,877,120 - 193,694 3,070,814
Public safety 16,501,322 - 316,307 16,817,629
Community services 2,035,834 - 2,206,440 4,242,274
Library 1,855,956 - 136,520 1,992,476
Public works 5,257,788 499,493 2,280,691 8,037,972
Capital outlay - 259,573 1,637,946 1,897,519
Debt service:

Principal retirement 815,000 - 1,276,032 2,091,032
Interest and fiscal charges 30,568 - 1,338,215 1,368,783 Total expenditures 759,066 29,373,588 9,385,845 39,518,499

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (760,964) 13,165,661 (158,387) 12,246,310 OTHER FINANCING SOURCES (USES):

Transfers in 3,613,974 6,018,711 2,943,980 12,576,665
Transfers out (14,517,387) - (430,116) (14,947,503)
Total other financing sources (uses) 6,018,711 (10,903,413) 2,513,864 (2,370,838) NET CHANGES IN FUND BALANCES 5,257,747 2,262,248 2,355,477 9,875,472 FUND BALANCES:

Beginning of year, as restated (Note 13) 27,739,091 9,346,055 21,912,518 58,997,664 End of year $ 14,603,802 30,001,339 $ 24,267,995 $ 68,873,136 $ City of Glendora
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2021
See accompanying Notes to the Basic Financial Statements. 29 Item #13. Page 50
Meeting Date: 1/11/2022 / Packet Page #: 269
Net change in fund balances - total governmental funds: $ 9,875,472 Amounts reported for governmental activities in the Statement of Activities are different because:

Capital outlay expenditures, net of $448,691 reported in Internal Service Funds 1,897,519 $ Depreciation expense, net of $879,214 reported in Internal Service Funds (4,394,637) (2,497,118) The net effect of disposal of capital assets (69,847)
228,126
Change in compensated absences, net of $17,534 reported in internal service funds (42,689) Pension expense, net of pension contribution made after measurement date in the amount of $2,239,405 and the pension expense reported under internal service funds $181,158. (6,237,050) OPEB expense, net of OPEB contribution made after measurement date in the amount of $262,727 and the OPEB expense reported under internal service funds $66,444 (324,657) Pension obligation bond payment, net of $61,924 reported in the Internal Service Funds 2,023,210 Accrued interest for long-term debt 25,338
Lease payment 67,822
1,951,881
Change in net position of governmental activities $ 5,000,488 Certain accrued revenues such as grants do not provide current financial resources and therefore, are not reported in the governmental funds as revenues. This is the amount of the net change in these accrued revenue amounts during the current period.

Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore are not reported as expenditures in the governmental funds:

Internal service funds are used by management to charge the costs of certain activities, such as workers' compensation self-insurance, general liability self-insurance, vehicles, and technology to individual funds. The net revenue (expense) of these internal service funds are reported as governmental activities (net of $92,538 allocated to business-type activities).

City of Glendora
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Government-Wide Statement of Activities For the Year Ended June 30, 2021
Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of those capital assets is allocated over the estimated useful lives as depreciation expense. This is the amount by which capital expenditures exceeded depreciation in the current period:

See accompanying Notes to the Basic Financial Statements. 30 Item #13. Page 51
Meeting Date: 1/11/2022 / Packet Page #: 270

PROPRIETARY FUND FINANCIAL STATEMENTS
31 Item #13. Page 52
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Business-Type Governmental
Activities - Activities -
Water Internal
Enterprise Fund Service Funds
ASSETS
Current assets:

Cash and investments $ 12,446,089 38,468,101 $
Receivables:

Accounts - 5,908,641
Accrued interest - 98,940
Restricted:

Cash with fiscal agents - 1
Total current assets 12,446,089 44,475,683
Noncurrent assets:

Capital assets:

Capital assets, not being depreciated 6,926,364 -
Capital assets, being depreciated, net 68,119,256 2,273,647 Total capital assets 2,273,647 75,045,620
Total noncurrent assets 2,273,647 75,045,620
Total assets 14,719,736 119,521,303

DEFERRED OUTFLOWS OF RESOURCES
Other postemployment benefits related items 344,248 122,367 Pension related items 221,866 624,167
Defined loss on refunding 1,074,201 -
Total deferred outflows of resources 344,233 2,042,616
(Continued)
City of Glendora
Statement of Net Position
Proprietary Funds
June 30, 2021
See accompanying Notes to the Basic Financial Statements. 32 Item #13. Page 53
Meeting Date: 1/11/2022 / Packet Page #: 272
Business-Type Governmental
Activities - Activities -
Enterprise Fund Internal
Water Service Funds

LIABILITIES
Current liabilities:

Accounts payable $ 458,816 3,494,259 $
Accrued liabilities 68,709 198,203
Retention payable - 55,017
Accrued interest 5,538 180,375
Deposits payable - 379,848
Compensated absences, due within one year 197,618 53,310 Claims and judgments, due within one year - 4,590,309
Bonds payable, due within one year 1,671,835 102,812
Total current liabilities 5,279,494 6,177,155
Noncurrent liabilities:

Bonds payable, due in more than one year 24,289,086 2,477,400 Claims and judgments, due in more than one year - 2,887,331 Net other postemployment benefits liability 3,101,413 1,102,427 Net pension liability 184,070 517,837
Total noncurrent liabilities 6,651,228 27,908,336
Total liabilities 11,930,722 34,085,491

DEFERRED INFLOWS OF RESOURCES
Other postemployment benefits related items 643,283 228,661 Total deferred inflows of resources 228,661 643,283

NET POSITION
Net investment in capital assets 2,273,647 58,431,708
Unrestricted (deficit) 630,939 28,403,437
Total net position $ 2,904,586 86,835,145 $
Adjustments to reflect the consolidation of internal
service fund activities related to the proprietary funds (2,121,686) Net position of business-type activities $ 84,713,459
(Concluded)
Proprietary Funds
June 30, 2021
City of Glendora
Statement of Net Position (Continued)
See accompanying Notes to the Basic Financial Statements. 33 Item #13. Page 54
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34 Item #13. Page 55
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Business-Type Governmental
Activities - Activities -
Water Internal
Enterprise Fund Service Funds
OPERATING REVENUES:

Sales and service charges $ - 24,398,549 $
Interdepartmental charges 6,476,423 -
Miscellaneous - 23,464
Total operating revenues 6,476,423 24,422,013
OPERATING EXPENSES:

Administration and general 1,564,218 5,549,991
Transmission/collection - 8,831,908
Contracted services and supplies 3,407,038 -
Claims expense 1,315,869 -
Depreciation 879,214 2,188,882
Total operating expenses 7,166,339 16,570,781
OPERATING INCOME (LOSS) (689,916) 7,851,232
NONOPERATING REVENUES (EXPENSES):

Interest revenue - 64,348
Interest expense (825,178) (73,103)
Intergovernmental revenue - 214,878
Total nonoperating revenues (expenses) (760,830) 141,775 INCOME (LOSS) BEFORE TRANSFERS 7,090,402 (548,141)
TRANSFERS:

Transfers in - 2,407,484
Transfers out (36,646) -
Total transfers 2,407,484 (36,646)
CHANGES IN NET POSITION 1,859,343 7,053,756
NET POSITION:

Beginning of year, as restated (Note 13) 79,781,389 1,045,243 End of the year $ 2,904,586 86,835,145 $
Adjustments to reflect the consolidation of the
internal service funds activities related
to the proprietary funds (92,538)
Changes in net position of business-type activities $ 6,961,218 City of Glendora
Statement of Revenues, Expenses, and Changes in Net Position Proprietary Funds
For the Year Ended June 30, 2021
See accompanying Notes to the Basic Financial Statements. 35 Item #13. Page 56
Meeting Date: 1/11/2022 / Packet Page #: 275
Business-Type Governmental
Activities - Activities -
Water Internal
Enterprise Fund Service Funds
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash receipts from customers and users 23,319,498 $ 6,476,423 $ Cash paid to suppliers for goods and services (9,433,264) (3,124,764) Cash paid to employees for services (4,231,311) (1,277,227) Cash paid for insurance or claims (962,915) -
Net cash provided by operating activities 1,111,517 9,654,923 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:

Proceed from pension obligation bonds 214,878 -
Principal paid on pension obligation bonds (199,866) (61,924) Interest paid on pension obligation bonds (164,319) (67,565) Transfers to other funds - (36,646)
Transfer in 2,407,484
Net cash provided by (used in)
noncapital financing activities (400,831) 2,492,873

CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES:

Acquisition of capital assets (1,512,722) (448,691)
Principal paid on revenue bonds and loan (1,295,000) -
Interest paid on revenue bonds and loan (746,013) -
Net cash (used in) capital and related financing activities (448,691) (3,553,735) CASH FLOWS FROM INVESTING ACTIVITIES:

Interest received - 84,390
Net cash provided by investing activities - 84,390
Net increase in cash and cash equivalents 3,155,699 5,784,747 CASH AND CASH EQUIVALENTS:

Beginning of year 9,290,390 32,683,355
End of year $ 12,446,089 38,468,102 $
CASH AND CASH EQUIVALENTS:

Cash and investment $ 12,446,089 38,468,101 $
Cash with fiscal agent - 1
Total cash and cash equivalents $ 12,446,089 38,468,102 $ City of Glendora
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2021
See accompanying Notes to the Basic Financial Statements. 36 Item #13. Page 57
Meeting Date: 1/11/2022 / Packet Page #: 276
Governmental
Activities -
Internal
Water Service Funds

RECONCILIATION OF OPERATING INCOME (LOSS) TO
NET CASH PROVIDED BY OPERATING ACTIVITIES:

Operating income (loss) $ (689,916) 7,851,232 $
Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities:

Depreciation 879,214 2,188,882
Change in assets and liabilities:
(Increase) decrease in accounts receivable (1,099,371) - (Increase) decrease in deferred outflows
of resources related to OPEB (257,816) (94,791)
(Increase) decrease in deferred outflows
of resources related to pension 8,355,792 2,579,603
Increase (decrease) in accounts payable 214,447 282,274 Increase (decrease) in accrued liabilities 35,245 21,855 Increase (decrease) in compensated absences 51,913 17,534 Increase (decrease) in deposits payable (3,144) -
Increase (decrease) in claims payable 352,954 -
Increase (decrease) in net pension liabilities (7,594,125) (2,346,610) Increase (decrease) in OPEB liabilities 241,716 190,041 Increase (decrease) in deferred inflows
of resources related to OPEB (163,695) (28,806)
Increase (decrease) in deferred inflows
of resources related to pension (166,153) (51,835)
Total adjustment 1,801,433 1,803,691
Net cash provided by (used in) operating activities $ 1,111,517 9,654,923 $ City of Glendora
Statement of Cash Flows (Continued)
Proprietary Funds
For the Year Ended June 30, 2021
See accompanying Notes to the Basic Financial Statements. 37 Item #13. Page 58
Meeting Date: 1/11/2022 / Packet Page #: 277
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38 Item #13. Page 59
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FIDUCIARY FUND FINANCIAL STATEMENTS
39 Item #13. Page 60
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40 Item #13. Page 61
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PrivatePurpose Trust
Fund
Successor
Agency of the
Former RDA
ASSETS:

Pooled cash and investments $ 2,037,434
Accrued interest receivable 7,586
Restricted assets:

Cash and investments with fiscal agents 68
Total assets 2,045,088
LIABILITIES:

Accrued interest 142,064
Long-term liabilities:

Advances from the City of Glendora 5,960,266
Due within one year 1,655,000
Due in more than one year 7,339,457
Total liabilities 15,096,787
NET POSITION (DEFICIT):

Individual, Organizations and Other Governments $ (13,051,699) City of Glendora
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2021
See accompanying Notes to the Basic Financial Statements. 41 Item #13. Page 62
Meeting Date: 1/11/2022 / Packet Page #: 281
PrivatePurpose Trust
Fund
Successor
Agency of the
Former RDA
ADDITIONS:

Redevelopment property tax trust fund $ 3,149,161
Investment income 39,955
Total additions 3,189,116
DEDUCTIONS:

Contractual services 6,427
Interest expense 478,978
Administrative expenses 419,211
Contributions to other governments 3,259,423
Loss on disposal of assets 296,482
Total deductions 4,460,521
CHANGE IN NET POSITION (1,271,405)
NET POSITION (DEFICIT):

Beginning of year (11,780,294)
End of year $ (13,051,699)
City of Glendora
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the Year Ended June 30, 2021
See accompanying Notes to the Basic Financial Statements. 42 Item #13. Page 63
Meeting Date: 1/11/2022 / Packet Page #: 282
43 NOTES TO THE BASIC FINANCIAL STATEMENTS
Item #13. Page 64
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Item #13. Page 65
Meeting Date: 1/11/2022 / Packet Page #: 284
City of Glendora
Index to the Notes to the Basic Financial Statements
For the Year Ended June 30, 2021
45 Page
Note 1 – Summary of Significant Accounting Policies ....................................................................................... 47 A. Reporting Entity .................................................................................................................................. 47 B. Measurement Focus, Basis of Accounting and Basis of Presentation ................................................. 48 C. Cash, Cash Equivalents and Investments ............................................................................................ 51 D. Cash and Investments with Fiscal Agents ........................................................................................... 51 E. Fair Value Measurement ..................................................................................................................... 51 F. Prepaid Items ....................................................................................................................................... 52 G. Property Taxes ..................................................................................................................................... 52 H. Interfund Transactions ......................................................................................................................... 52 I. Capital Assets ...................................................................................................................................... 52 J. Deferred Outflows/Inflows of Resources ............................................................................................ 53 K. Long-Term Debt .................................................................................................................................. 54 L. Compensated Absences ....................................................................................................................... 54 M. Net Pension Liability ........................................................................................................................... 54 N. Net Other Postemployment Benefits (“OPEB”) Liability ................................................................... 55 O. Net Position ......................................................................................................................................... 55 P. Net Position Flow Assumption ............................................................................................................ 55 Q. Fund Balance ....................................................................................................................................... 56 R. Use of Estimates .................................................................................................................................. 56 S. Implementation of New GASB Pronouncement ................................................................................. 57 Note 2 – Cash and Investments ............................................................................................................................ 57 A. Demand Deposits ................................................................................................................................. 58 B. Investment Policy ................................................................................................................................ 58 C. Investments Authorized by Debt Agreements ..................................................................................... 58 D. Fair Value Measurement ..................................................................................................................... 59 E. Interest Rate Risk ................................................................................................................................ 59 F. Credit Risk ........................................................................................................................................... 59 G. Concentration of Credit Risk ............................................................................................................... 60 H. Custodial Credit Risk .......................................................................................................................... 60 I. Local Agency Investment Fund ........................................................................................................... 61 Note 3 – Receivables .............................................................................................................................................. 61 A. Accounts Receivable ........................................................................................................................... 62 B. Taxes Receivable ................................................................................................................................. 62 C. Accrued Interest Receivable ................................................................................................................ 62 D. Notes, Loans, and Advances Receivable ............................................................................................. 63 Note 4 – Interfund Transactions .......................................................................................................................... 64 A. Government-Wide Financial Statements ............................................................................................. 64 B. Fund Financial Statements .................................................................................................................. 65 Item #13. Page 66
Meeting Date: 1/11/2022 / Packet Page #: 285
City of Glendora
Index to the Notes to the Basic Financial Statements (Continued) For the Year Ended June 30, 2021
46 Page
Note 5 – Land Held for Resale ............................................................................................................................. 66 Note 6 – Capital Assets ......................................................................................................................................... 66 A. Governmental Activities ...................................................................................................................... 66 B. Business-Type Activities ..................................................................................................................... 67 Note 7 – Long-Term Liabilities ............................................................................................................................ 68 A. Governmental Activities ...................................................................................................................... 68 B. Business-Type Activities ..................................................................................................................... 69 C. Fiduciary Fund ..................................................................................................................................... 71 Note 8 – Compensated Absences .......................................................................................................................... 73 Note 9 – Risk Management................................................................................................................................... 74 Note 10 – Employee Retirement Plans ................................................................................................................ 75 A. Defined Benefit Pension Plans ............................................................................................................ 75 B. Defined Contribution Pension Plan ..................................................................................................... 83 C. Other Postretirement Health Care Benefits ......................................................................................... 84 Note 11 – Contingencies ........................................................................................................................................ 88 Note 12 – Other Required Disclosures ................................................................................................................ 89 A. Expenditures over Appropriations ....................................................................................................... 89 B. Deficit Fund Balances/Net Positions ................................................................................................... 89 Note 13 – Restatement of Beginning Fund Balance/Net Position .........................................................................90 Item #13. Page 67
Meeting Date: 1/11/2022 / Packet Page #: 286
City of Glendora
Notes to the Basic Financial Statements
For the Year Ended June 30, 2021
47 Note 1 – Summary of Significant Accounting Policies
The basic financial statements of the City of Glendora, California, (the “City”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) as applied to governmental agencies. The Governmental Accounting Standards Board (“GASB”) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The City’s significant accounting policies are described below.

A. Reporting Entity
The City was incorporated in 1911, as a “General Law” city governed by an elected five-member City Council in the State of California. As required by generally accepted accounting principles, these financial statements present the City (the primary government) and its component units.

In evaluating how to define the City for financial reporting purposes, management has considered all potential component units. The primary criteria for including a potential component unit within the reporting entity are the governing body’s financial accountability and a financial benefit or burden relationship and whether it is misleading to exclude it. A primary government is financially accountable and shares a financial benefit or burden relationship, if it appoints a voting majority of an organization to provide specific financial benefits to, or impose specific financial burdens on the primary government. A primary government may also be financially accountable if an organization is fiscally dependent on the primary government regardless of whether the organization has a separately elected governing board, a governing board appointed by a higher level of government, or a jointly appointed board, and there is a potential for the organization to provide specific financial benefits to, or impose specific financial burdens on the primary government.

Blended Component Unit
Management determined that the following component unit should be blended based on the criteria above.

Although the following unit is legally separate from the City, it has been “blended” as though it is part of the City because the component unit’s governing body is substantially the same as the City’s and there is a financial benefit or burden relationship between the City and the component unit; management of the City has operational responsibilities for the component unit; and/or the component unit provides services entirely, or almost entirely, to the City or otherwise exclusively, or almost exclusively, benefits the City, even though it does not provide services directly to it.

The Glendora Public Financing Authority (the “Authority”) is a joint powers authority organized pursuant to Government Code Section 6500 of the State of California. The Authority exists pursuant to a Joint Exercise of Powers Agreement dated January 9, 1990, between the City and the former Glendora Community Redevelopment Agency (the “Agency”). Its purpose is to provide, through the issuance of debt, loans and other financing to the City or Agency for the construction of public improvements. Separate financial statements are not prepared. There was no activity in the current year.

The City had no discretely presented component units.

Item #13. Page 68
Meeting Date: 1/11/2022 / Packet Page #: 287
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
48 Note 1 – Summary of Significant Accounting Policies (Continued) B. Measurement Focus, Basis of Accounting and Basis of Presentation The accounts of the City are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, expenditures or expenses as appropriate.

Government resources are allocated to and accounted for in individual funds based upon the purpose for which they are to be spent, and the means by which spending activities are controlled.

The Statement of Net Position and Balance Sheet of the Governmental Funds report separate sections for Deferred Outflows of Resources and Deferred Inflows of Resources, when applicable.

Government-Wide Statements
The City’s Government-Wide Financial statements include a Statement of Net Position and a Statement of Activities. These statements present summaries of governmental and business-type activities for the City, the primary government, accompanied by a total column. Fiduciary activities of the City are not included in these statements.

These basic financial statements are presented on an “economic resources” measurement focus, utilizing the accrual basis of accounting. Accordingly, all of the City’s assets and liabilities, including capital assets and related infrastructure assets and long-term liabilities, are included in the accompanying Statement of Net Position. The Statement of Activities presents changes in net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred.

Certain types of transactions are reported as program revenues for the City in three categories:
 Charges for services
 Operating grants and contributions
 Capital grants and contributions
Certain eliminations have been made as prescribed by GASB Statement No. 34 in regards to interfund activities, payables and receivables. All internal balances in the Statement of Net Position have been eliminated except those representing balances between the governmental activities and the business-type activities, which are presented as internal balances and eliminated in the primary government total column. In the Statement of Activities, internal service fund transactions have been eliminated; however, those transactions between governmental and business-type activities have not been eliminated. The following interfund activities have been eliminated:
 Due to/from other funds
 Transfers in/out
Item #13. Page 69
Meeting Date: 1/11/2022 / Packet Page #: 288
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
49 Note 1 – Summary of Significant Accounting Policies (Continued) B. Measurement Focus, Basis of Accounting and Basis of Presentation (Continued) Governmental Fund Financial Statements
A Balance Sheet and a Statement of Revenues, Expenditures and Changes in Fund Balances are presented for all major governmental funds and aggregated nonmajor funds. Accompanying schedules are presented to reconcile and explain the differences in fund balances as presented in these statements, to the net position presented in the government-wide financial statements. The City has presented all major funds that met the applicable criteria.

All governmental funds are accounted for on a spending or “current financial resources” measurement focus and the modified accrual basis of accounting. Accordingly, only current assets and current liabilities are included on the Balance Sheet. The Statement of Revenues, Expenditures and Change in Fund Balances presents increases (revenue and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the current period.

Revenues are recorded when received in cash, except that revenues subject to accrual (generally 60 days after year-end) are recognized when due. The primary revenue sources, which have been treated as susceptible to accrual by the City, are property tax, sales tax, franchise taxes, special assessments, licenses, interest revenue, intergovernmental revenues and other taxes. Expenditures are recorded in the accounting period in which the related fund liability is incurred.

Unavailable revenues arise when potential revenues do not meet both the “measurable” and “available” criteria for recognition in the current period. Unearned revenues arise when the government receives resources before it has a legal claim to them, as when grant monies are received prior to incurring qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the government has legal claim to the resources, the unavailable revenue is removed from the balance sheet and revenue is recognized.

The City reports the following major governmental funds:
 General Fund – The General Fund is the City's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.  City Capital Projects Fund – The fund is to account for the funds that are assigned for the development or maintenance of the City’s capital projects.

Proprietary Fund Financial Statements
Proprietary funds are accounted for using the “economic resources” measurement focus and the accrual basis of accounting. Accordingly, all assets and liabilities (whether current or noncurrent) are included on the Statement of Net Position. The Statement of Revenues, Expenses and Changes in Net Position presents increases (revenues) and decreases (expenses) in total net position. Under the accrual basis of accounting, revenues are recognized in the period which they are earned while expenses are recognized in the period in which the liability is incurred.

Item #13. Page 70
Meeting Date: 1/11/2022 / Packet Page #: 289
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
50 Note 1 – Summary of Significant Accounting Policies (Continued) B. Measurement Focus, Basis of Accounting and Basis of Presentation (Continued) Proprietary Fund Financial Statements (Continued)
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the proprietary fund are charges to customers for sales and services. Operating expenses for the proprietary funds include the costs of sales and services, administrative expenses and depreciation on capital assets. All revenue and expenses not meeting this definition are reported as nonoperating revenues and expenses.

A separate column representing internal service funds is also presented in these statements. However, internal service balances and activities have been combined with the governmental activities in the Government-Wide Financial Statements. The City’s internal service funds include four individual funds which provide services directly to other City funds. These areas of service include workers’ compensation self-insurance, general liability self-insurance, vehicles, and technology.

The City reports the following major proprietary fund:
 Water Enterprise Fund - The Water Enterprise Fund accounts for the activities associated with a residential and commercial water utility within the City.

The City also reports Internal Service Funds which account for risk management (workers’ compensation and unemployment, and general liability), vehicles acquired and maintained for the City departments use, and equipment, hardware, and software acquired for the City departments use on a cost-reimbursement basis as proprietary funds.

Fiduciary Fund Financial Statements
Fiduciary fund financial statements include a Statement of Net Position and a Statement of Changes in Net Position. The City’s fiduciary funds consist of an agency fund and a private purpose trust fund. Agency funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations.

Private purpose trust fund funds are accounted for using the “economic resources” measurement focus and the accrual basis of accounting. Accordingly, all assets and liabilities (whether current or noncurrent) are included on the Statement of Fiduciary Net Position. The Statement of Changes in Fiduciary Net Position presents additions (revenues) and deductions (expenses) in total Fiduciary Net Position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred.

The City reports the following fiduciary funds:
 Successor Agency of the Former Redevelopment Agency Private-Purpose Trust Fund – The Successor Agency of the Former Redevelopment Agency Private-Purpose Trust Fund is used to account for the assets and liabilities of the former Glendora Community Redevelopment Agency, and the allocated revenues to pay estimated installment payments of enforceable obligations until the obligations of the former Glendora Community Redevelopment Agency are paid in full and all assets have been liquidated.

Item #13. Page 71
Meeting Date: 1/11/2022 / Packet Page #: 290
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
51 Note 1 – Summary of Significant Accounting Policies (Continued) C. Cash, Cash Equivalents and Investments
The City pools its available cash for investment purposes. The City considers pooled cash and investment amounts with original maturities of three months or less to be cash equivalents. Cash and cash equivalents are combined with investments and displayed as Cash and Investments.

Highly liquid market investments with maturities of one year or less at time of purchase are stated at amortized cost. All other investments are stated at fair value.

D. Cash and Investments with Fiscal Agents
Cash and investments with fiscal agents are restricted for the redemption of bonded debt.

E. Fair Value Measurement
U.S. GAAP defines fair value, establishes a framework for measuring fair value and establishes disclosures about fair value measurement. Investments, unless otherwise specified, recorded at fair value in the financial statements, are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Levels of inputs are as follows:

The three levels of the fair value measurement hierarchy are described below:
 Level 1 - Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets at the measurement date.
 Level 2 – Inputs, other than quoted prices included in Level 1, that are observable for the assets or liabilities through corroboration with market data at the measurement date. o Corporate bonds and United States government sponsored agency securities are valued by surveying the dealers community, obtaining relevant trade data, benchmark quotes and spreads and incorporating this information into the evaluation processes. Price spread basis is determined by the observed market data. Spread basis is by creating a bullet (non-call) spread scale for relevant maturities of each issuer. These spreads represent credit risk and are based on the new issue market, secondary trading and dealer quotes. Each issuer-spread line has the capability to link parent/subsidiary and related companies to capture relevant movements. An Option Adjusted Spread (“OAS”) model is incorporated to adjust spreads of issues that have early redemption features. Spreads calculated continuously throughout the day, as well as “end of day”. Retails instruments are evaluated incorporating trades of all lot sizes. Prices basis is by matching each issue to its best-known market maker, monitoring new issues and determining their relevance to other securities. Crossover issues are evaluated based on how they treated by the marketplace – either on a spread or a price basis.
o Negotiable certificates of deposits are valued by a certificate deposit scale created daily for long term certificate deposits with maturities going out to forty years. These rates are obtained from various market makers and dealers, as well as data from the new issue market and continually follow the primary market and focus on changing market conditions as shown through new issue prices. An OAS model is incorporated to adjust the yields of issues that have early redemption features.
 Level 3 – Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the assets or liabilities at the measurement date.

Item #13. Page 72
Meeting Date: 1/11/2022 / Packet Page #: 291
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
52 Note 1 – Summary of Significant Accounting Policies (Continued) F. Prepaid Items
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 under the purchase method.

G. Property Taxes
Property taxes are attached as an enforceable lien on property at January 1. Taxes are levied on July 1 and are payable in two installments on December 10 and April 10. Any unpaid amounts at the end of the fiscal year are recorded as accounts receivable. The County of Los Angeles bills and collects the property taxes and substantially remits the amount due to the City in installments during the year. Historically, the City has received substantially all of the taxes levied within two years from the date they are levied. The County is permitted by state law (Article XIIIA of the California Constitution) to levy taxes at one percent (1%) of full market value (at time of purchase) and can increase the property’s value no more than two percent (2%) per year.

H. Interfund Transactions
Activity between funds that is representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the noncurrent portion of interfund loans). Any residual balances outstanding between the governmental activities and business-type activities are reported in the governmental-wide financial statements as internal balances.

I. Capital Assets
Capital assets, which include land, buildings, improvements, equipment, furniture, infrastructure assets (e.g., roads, sidewalks and similar items) and intangible assets, are reported in the applicable governmental or business-type activities in the Government-Wide Financial Statements. Capital assets are valued at historical cost or estimated historical cost if actual historical cost was not available. Donated capital assets are valued at their estimated acquisition cost on the date donated. City policy has set the capitalization threshold for reporting individual capital assets at $5,000.

Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets as follows:

Assets Years
Buildings and improvements 25-40
Machinery and equipment 5-20
Vehicles 3-15
Transmission and distribution 30-50
Source of supply 15-70
Pumping equipment 15
Infrastructure 6-50
Item #13. Page 73
Meeting Date: 1/11/2022 / Packet Page #: 292
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
53 Note 1 – Summary of Significant Accounting Policies (Continued) I. Capital Assets (Continued)
The City defines infrastructure as the basic physical assets that allow the City to function. The assets include streets, bridges, reservoirs and parklands. Each major infrastructure system can be divided into subsystems.

For example, the street system can be subdivided into pavement, curb and gutters, sidewalks, medians, streetlights, traffic signal poles, landscaping and land. These subsystems were not delineated in the basic financial statements. The appropriate operating department maintains information regarding subsystems.

Intangible assets included in the City’s capital assets consist of right of way purchases which are amortized over the life of the right of way, or life of the infrastructure it is related to if not defined in the right of way agreement, and water rights, which are not amortized.

The accumulated depreciation, defined as the total depreciation from the date of construction/acquisition to the current date on a straight line, unrecovered cost method was computed using industry accepted life expectancies for each infrastructure subsystem. The book value was then computed by deducting the accumulated depreciation from the original cost.

J. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The government only has two items that qualify for reporting in this category. The first is the deferred charge on debt refunding reported in the statement of net position. A deferred charge on debt refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. The second is deferred outflows relating to the net pension liabilities and net other postemployment benefits (“OPEB”) liabilities reported in the statement of net position. These outflows are the result of contributions made after the measurement period and other pension and OPEB related items.

In addition to liabilities, the statement of financial position and governmental fund balance sheet will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position or fund balance that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The City has two items reported in this category. The first item relates to pension and OPEB. The second item arises only under a modified accrual basis of accounting for unavailable revenue. The governmental funds report unavailable revenues from two sources: taxes and grant revenues. These amounts are deferred and recognized as an inflow of resources in when period that the amounts become available.

Item #13. Page 74
Meeting Date: 1/11/2022 / Packet Page #: 293
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
54 Note 1 – Summary of Significant Accounting Policies (Continued) K. Long-Term Debt
Government-Wide and Proprietary Fund Financial Statements: Long-term debt and other financed obligations are reported as liabilities in the appropriate funds. Bond premiums and discounts are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable premium or discount.

Governmental Fund Financial Statements: The governmental fund financial statements do not present long-term debt, but it is shown in the Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net Position. Bond premiums and discounts, as well as issuance costs, are recognized during the current period. Bond proceeds are reported as other financing sources net of the applicable premium or discount. Issuance costs, whether or not withheld from the actual net proceeds received, are reported as debt service expenditures.

L. Compensated Absences
Governmental fund financial statements recognize the vested vacation and compensatory time as expenditures in the current year to the extent that they are paid during the year. Accrued vacation and compensatory time relating to long-term liability is reported in the government-wide financial statements. All vested vacation and compensatory leave time is recognized as an expense and as a liability in the proprietary type funds at the time the liability vests.

Since the City consistently liquidates its business-type activities compensated absences balances each fiscal year, the City reports that balance as long-term liabilities due within one year.

M. Net Pension Liability
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the plans and additions to/deductions from the plans’ fiduciary net position have been determined on the same basis as they are reported by the plans. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value.

The following timeframes are used for pension reporting:

Valuation Date June 30, 2019
Measurement Date June 30, 2020
Measurement Period July 1, 2019 to June 30, 2020
Gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time. The first amortized amounts are recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and will be recognized in future pension expense. The amortization period differs depending on the source of the gain or loss. The difference between projected and actual earnings is amortized straight-line over 5 years. All other amounts are amortized straight-line over the average expected remaining service lives of all members that are provided with benefits (active, inactive, and retired) at the beginning of the measurement period.

Item #13. Page 75
Meeting Date: 1/11/2022 / Packet Page #: 294
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
55 Note 1 – Summary of Significant Accounting Policies (Continued) N. Net Other Postemployment Benefit (“OPEB”) Liability
For the purpose of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, the OPEB Plan recognizes benefit payments when due and payable in accordance with the benefit terms.

The following timeframes are reported OPEB reporting:

Valuation Date June 30, 2019
Measurement Date June 30, 2020
Measurement Period July 1, 2019 to June 30, 2020
Gains and losses related to changes in total OPEB liability are recognized in OPEB expense systematically over time. The first amortized amounts are recognized in OPEB expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to OPEB and are to be recognized in future OPEB expense. Gain and loss are amortized on a straight-line basis over the average expected remaining service lives of all members that are provided with benefits (active, inactive, and retired) at the beginning of the measurement period.

O. Net Position
In the government-wide financial statements, Net Position is reported in one of three categories:

Net Investment in Capital Assets - This amount consists of capital assets (including reported intangible assets) net of accumulated depreciation/amortization and reduced by retention payable, outstanding debt that is attributed to the acquisition, construction or improvement of the assets (net of unspent debt proceed) and related deferred outflows and inflows of resources.

Restricted Net Position - This amount is restricted by external creditors, grantors, contributors or laws or regulations of other governments. It consists of the restricted assets plus deferred outflows of resources, and reduced by liabilities and deferred inflows of resources related to those assets.

Unrestricted Net Position – This component of net position is the amount of assets, deferred outflows of resources, liabilities, and deferred inflows of resources that does not meet the definition of “Net Investment in Capital Assets” or “Restricted Net Position.”
P. Net Position Flow Assumption
Sometimes the government will fund outlays for a particular purpose from both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted – net position and unrestricted – net position in the government-wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the government’s policy to consider restricted – net position to have been depleted before unrestricted – net position is applied.

Item #13. Page 76
Meeting Date: 1/11/2022 / Packet Page #: 295
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
56 Note 1 – Summary of Significant Accounting Policies (Continued) Q. Fund Balance
In the fund financial statements, governmental funds report the following fund balance classifications:

Nonspendable includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact.

Restricted includes amounts that are constrained on the use of resources by either (a) external creditors, grantors, contributors, or laws of regulations of other governments or (b) by law through constitutional provisions or enabling legislation.

Committed includes amounts that can only be used for the specific purposes determined by a formal action (Resolution) of the City’s highest level of decision-making authority, the City Council. Commitments may be changed or lifted only by the City taking the same formal action that imposed the constraint originally.

Assigned includes amounts that are constrained by the government’s intent to be used for specific purposes, but are neither restricted nor committed. The Administrative Policy provides the Administrative Services Director authorization to assign amounts to a specific purpose.

Unassigned includes the residual amounts that have not been restricted, committed, or assigned to specific purposes. Positive unassigned balances are only presented in the General Fund.

An individual governmental fund could include nonspendable resources and amounts that are restricted or unrestricted (committed, assigned, or unassigned) or any combination of these classifications.

When expenditures are incurred for purposes for which all restricted, committed, assigned and unassigned fund balances are available, the City’s policy is to apply in the following order, except for instances wherein an ordinance specifies the fund balance:
 Restricted
 Unassigned
 Committed
 Assigned
R. Use of Estimates
The preparation of the basic financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Item #13. Page 77
Meeting Date: 1/11/2022 / Packet Page #: 296
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
57 Note 1 – Summary of Significant Accounting Policies (Continued) S. Implementation of New GASB Pronouncement
During the fiscal year ended June 30, 2021, the city implemented the following new GASB pronouncements:
 In January 2017, GASB issued Statement No. 84, Fiduciary Activities (GASB statement No. 84), to improve guidance regarding the identification of fiduciary activities for accounting and financial reporting purposes and how those activities should be reported. The statement establishes criteria for identifying fiduciary activities of all state and local governments. It also provides for recognition of a liability to the beneficiaries in a fiduciary fund when an event has occurred that compels the government to disburse fiduciary resources. See Note 13 for restatement of beginning net position as result of implementation.
 In October 2021, GASB issues Statement No. 98, The Annual Comprehensive Financial Report, to establish the term annual comprehensive financial report and its acronym ACFR. That new term and acronym replace instances of comprehensive annual financial report and its acronym in generally accepted accounting principles for state and local governments. Implementation of this did not have a material effect on the financial statements.

Note 2 – Cash and Investments
At June 30, 2021, cash and investments were reported in the accompanying financial statements as follows:

Fiduciary
Governmental Business-type Fund Statement
Activities Activities of Net Position Total
Unrestricted assets:

Cash and investments 70,905,337 $ 38,468,101 $ 2,037,434 $ 111,410,872 $ Restricted assets:

Cash and investments with fiscal agents 2 1 68 71
Total cash and investments $ 38,468,102 70,905,339 $ 2,037,502 $ 111,410,943 $ Government- Wide Statement
of Net Position
The City of Glendora maintains a cash and investment pool that is available for use for all funds. Each fund type's position in the pool is reported on the combined balance sheet as cash and investments. The City has adopted an investment policy, which authorizes it to invest in various investments.

The City had following cash and investments at June 30, 2021:

Deposits with financial institution $ 1,453,631
Petty cash 2,660
Total cash 1,456,291
Investments 109,954,581
Investments with fiscal agent 71
Total investments 109,954,652
Total cash and investments $ 111,410,943
Item #13. Page 78
Meeting Date: 1/11/2022 / Packet Page #: 297
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
58 Note 2 – Cash and Investments (Continued)
A. Demand Deposits
At June 30, 2021, the carrying amount of the City’s deposits was $1,453,631 and the bank balance was $1,854,018. The $400,387 difference represents outstanding checks, deposits in transit and other reconciling items.

The California Government Code requires California banks and savings and loan associations to secure a City’s deposits by pledging government securities with a value of 110% of a City’s deposits. California law also allows financial institutions to secure a City’s deposits by pledging first trust deed mortgage notes having a value of 150% of a City’s total deposits. The City Treasurer may waive the collateral requirement for deposits that are fully insured up to $250,000 by the FDIC. The collateral for deposits is held in safekeeping by an authorized Agent of Depository recognized by the State of California Department of Banking.

The collateral for deposits with savings and loan associations is generally held in safekeeping by the Federal Home Loan Bank in San Francisco, California as an Agent of Depository. These securities are physically held in an undivided pool for all California public agency depositors. Under Government Code Section 53655, the placement of securities by a bank or savings and loan association with an “Agent of Depository” has the effect of perfecting the security interest in the name of the local governmental agency. Accordingly, all collateral held by California Agents of Depository are considered to be held for, and in the name of, the local governmental agency.

B. Investment Policy
Under provision of the City’s investment policy, and in accordance with the California Government Code, the following investments are authorized:

Maxiumum Maximum
Maximum Percentage Investments in
Authorized Investment Type Maturity Allowed One Issuer
United States Treasury Bills, Bonds and Notes 5 Years None None United States Government Sponsored Agency Securities 5 Years None None Municipal Obligations 5 Years None None
Time Certificates of Deposit 1 Year None $250,000
Negotiable Certificates of Deposit 5 Years 30% None
Banker's Acceptance Notes 180 days 40% 30%
Corporate Notes 5 Years 30% None
Commercial Paper 270 days 25% 10%
Local Agency Investment Fund (LAIF) N/A None $65 million per account Repurchasement Agreement 1 Year None None
Mutual Funds N/A 20% None
Investment Pools N/A None None
Supernationals 5 Years 30% N/A
N/A - Not Applicable
C. Investments Authorized by Debt Agreements
The above investments do not address investment of debt proceeds held by a bond trustee or fiscal agent.

Investments of debt proceeds held by a bond trustee are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy.

Item #13. Page 79
Meeting Date: 1/11/2022 / Packet Page #: 298
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
59 Note 2 – Cash and Investments (Continued)
D. Fair Value Measurement
At June 30, 2021, investments are reported at fair value. The following table presents the fair value measurements of investments on a recurring basis and the levels with GASB 72 fair value hierarchy in which the fair value measurements fall at June 30, 2021:

Significant
Other Observable Cash Equivalent
Investment Type Inputs (Level 2) Uncategorized Total
Local Agency Investment Fund - $ 24,463,962 $ 24,463,962 $ United States Government Sponsored
Agency Securities 27,898,370 - 27,898,370
Negotiable Certificates of Deposit 22,639,948 - 22,639,948 Corporate Notes 31,952,361 - 31,952,361
Supernational 2,999,940 - 2,999,940
Held by Bond Trustee:

Money Market Mutual Funds - 71 71
Total $ 24,464,033 85,490,619 $ 109,954,652 $
Measurement Input
E. Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer of maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. The City’s investment policy provides that the City manages it exposure to interest rate risks by purchasing a combination of shorter term and longer term investments and by timing cash flows from maturities as 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. At June 30, 2021, the City had the following investment maturities:
12 Months 13-24 25-60 More than 60
Investment Type or Less Months Months Months Total
Local Agency Investment Fund $ 24,463,962 $ - $ - $ 24,463,962 - United States Government Sponsored
Agency Securities 2,004,060 3,004,050 - 22,890,260 27,898,370 Negotiable Certificates of Deposit 4,965,561 5,335,630 2,278,954 10,059,803 22,639,948 Corporate Notes 1,251,980 2,071,310 1,773,391 26,855,680 31,952,361 Supernational Obligations - - 2,999,940 - 2,999,940
Held by Bond Trustee:

Money Market Mutual Funds 71 - - - 71
Total $ 32,685,634 $ 7,406,940 $ 7,056,395 $ 62,805,683 $ 109,954,652 Remaining Maturity (In Months)
F. Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by (where applicable) the California Government Code, the City’s investment policy, or debt agreements, and the actual rating, by Standard and Poor’s at June 30, 2021 for each investment type:

Item #13. Page 80
Meeting Date: 1/11/2022 / Packet Page #: 299
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
60 Note 2 – Cash and Investments (Continued)
F. Credit Risk (Continued)
Fair Value Minimum Not Required
at Legal to be
Investment Type June 30, 2021 Rating AAA Other Rated
Local Agency Investment Fund $ 24,463,962 Not Rated $ - $ 24,463,962 - $ United States Government Sponsored
Agency Securities 27,898,370 AAA 27,898,370 - -
Negotiable Certificates of Deposit 22,639,948 N/A - 22,639,948 - Corporate Notes 31,952,361 A 1,071,240 30,881,121 -
Supernational Obligations 2,999,940 AAA 2,999,940 - -
Held by Bond Trustee:

Money Market Mutual Funds A 71 71 - -
Total $ 109,954,652 $ 31,969,621 $ 30,881,121 $ 47,103,910 N/A - Not Required
The actual rating for the “Other” category above as follows:

Investment Type AA+ A+ A A- Total
Corporate Notes $ 2,109,120 $ 8,571,374 $ 15,985,778 $ 5,286,089 $ 31,952,361 Supernational 2,999,940 - - 2,999,940 -
Total 5,109,060 $ $ 8,571,374 $ 15,985,778 $ 5,286,089 $ 34,952,301 G. Concentration of Credit Risk
The City’s investment policy states that the City operates its investment pool with many state and self-imposed constraints. It does not buy stocks and it does not speculate. Assets shall be diversified to eliminate the risk of loss resulting from over concentration of assets in a specific maturity, a specific issuer, or a specific class of securities.

The City will diversify its investments by security type, institution and maturity/call dates. The City’s investment policy states that no more than 50% of the City’s total investment portfolio shall be invested in a single security type or with a single financial institution. The only exception to these maturity limits shall be the investment in U.S. Treasury securities and authorized pools. Unless matched to a specific cash flow, the City shall not directly invest in securities maturing more than five years from the date of purchase.

At June 30, 2021, investment in any one issuer that represents 5% or more of total City investments is as follows:

Issuers Investment Type Amount Percentage
Federal Home Loan Bank United States Government Sponsored Sponsored Enterprise Securities 9,996,920 $ 9% H. Custodial Credit Risk
The custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover deposits or will not be able to recover collateral securities that are in the possession of a third party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of investment or collateral securities that are in the possession of the third party. At June 30, 2021, none of the City’s deposits or investments were exposed to custodial credit risk.

Item #13. Page 81
Meeting Date: 1/11/2022 / Packet Page #: 300
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
61 Note 2 – Cash and Investments (Continued)
I. Local Agency Investment Fund
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.

LAIF is overseen by the Local Agency Investment Advisory Board, which consists of five members, in accordance with State statute. The State Treasurer’s Office audits the fund annually. The fair value of the City’s investment in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro-rata share of the fair value 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, which are recorded on an amortized cost basis. The City’s investment in LAIF at June 30, 2021 included a portion of pool funds invested in Structured Notes and Asset-Backed Securities.

Structured Notes: Debt securities (other than asset-backed securities) whose cash flow characteristics (coupon rate, redemption amount, or stated maturity) depend upon one or more indices and/or that have embedded forwards or options.

Asset-Backed Securities: Generally mortgage-backed securities that entitle their purchasers to receive a share of the cash flows from a pool of assets such as principal and interest repayments from a pool of mortgages (for example, Collateralized Mortgage Obligations) or credit card receivables.

At June 30, 2021, the City had $24,463,962 invested in LAIF, which had invested 2.31% of the total pool investment funds in Structured Notes and Asset-Backed Securities. The investment in LAIF is reported at amortized cost.

Note 3 – Receivables
Government-Wide Financial Statements: At June 30, 2021, the Government-Wide Financial Statements show the following receivables, net of allowances for uncollectible amounts:

Governmental Business-Type
Activities Activities Total
Accounts 493,525 $ 5,908,641 $ 6,402,166 $
Taxes 4,156,817 - 4,156,817
Accrued interest 165,200 98,940 264,140
Due from other government 864,781 - 864,781
Notes and loans 8,403,495 8,403,495 -
Advance to Successor Agency 5,960,266 5,960,266 -
Total $ 20,044,084 $ 6,007,581 $ 26,051,665
Government-Wide
Financial Statements
Fund Financial Statements: At June 30, 2021, the Fund Financial Statements show the following receivables:

Item #13. Page 82
Meeting Date: 1/11/2022 / Packet Page #: 301
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
62 Note 3 – Receivables (Continued)
A. Accounts Receivable
Accounts receivable consisted of amounts accrued in separate funds in the ordinary course of operations.

The total amount of accounts receivable for each major fund and nonmajor fund in the aggregate at June 30, 2021, were as follows:

Governmental Funds:

General fund 456,331 $
Nonmajor funds 37,194
Total Governmental Funds 493,525
Proprietary Funds:

Water Fund 5,908,641
Total Proprietary Funds: 5,908,641
Total Accounts Receivable $ 6,402,166
B. Taxes Receivable
At June 30, 2021, the City had taxes receivable from the County of Los Angeles and State of California in the following major funds and nonmajor funds in the aggregate:

Governmental Funds:

General fund 4,119,228 $
Nonmajor funds 37,589
Total Governmental Funds 4,156,817 $
C. Accrued Interest Receivable
Accrued Interest receivable consisted of interest from investments pooled by the City and was distributed among the funds according to their ending cash balances. The accrued interest receivable at June 30, 2021 was as follows:

Governmental Funds:

General Fund 126,147 $
Nonmajor Funds 39,053
Total Governmental Funds 165,200
Proprietary Funds:

Water Fund 98,940
Total Proprietary Funds: 98,940
Total Interest Receivable $ 264,140
Item #13. Page 83
Meeting Date: 1/11/2022 / Packet Page #: 302
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
63 Note 3 - Receivables (Continued)
D. Notes, Loans, and Advances Receivable
At June 30, 2021, the balances of notes and loans receivable and advances were as follows:

Nomajor
General City Capital Governmental
Fund Projects Funds Total
Notes and Loans:

Home rehabilitation loans - $ - $ 1,469,386 $ 1,469,386 $ Business rehabilitation loans - - 556,362 556,362
Glendora Housing Investors, Inc. - - 6,197,036 6,197,036 Monrovia Nursery - 180,711 - 180,711
Total Notes and Loans - $ 180,711 $ 8,222,784 $ 8,403,495 $ Advances to Successor Agency 5,960,266 $ - $ - $ 5,960,266 $ Major Governmental Funds
Home Rehabilitation Loans
The City provides financial assistance to qualifying low-income households in connection with the housing rehabilitation program through home rehabilitation loans. At June 30, 2021, the total outstanding balance was $1,469,386.

Business Rehabilitation Deferred Loans
The City’s Community Development Block Grant program provides low-income housing and economic assistance to qualifying households and businesses. These amounts have been recorded as loans receivable and classified as restricted fund balance in the Housing and Community Development Act Special Revenue Fund. The loans do not require monthly repayment. At June 30, 2021, the outstanding loan balance was $556,362.

Glendora Housing Investors, L.P.

On June 27, 2006, the former Glendora Community Redevelopment Agency (“Agency”) entered into an owner participation agreement with Glendora Housing Investors, L.P. for the construction of 87 affordable workforce housing units. As a result, the Agency loaned $2,750,000 to Glendora Housing Investors, L.P. Payments are due beginning on July 1, 2017 and continuing for 40 years. Interest shall begin accruing upon completion of the improvements at a rate of 3% per annum. On January 27, 2009, the City loaned an additional $1,900,000 to Glendora Housing Investors, L.P. The principal balance with all accrued unpaid interest is due and payable in full on the fiftysixth anniversary of the January 27, 2009, date of the promissory note. Interest shall accrue at the long-term applicable federal rate. Upon dissolution of redevelopment agencies pursuant to Assembly Bill 1X26, the Affordable Housing Fund of the City of Glendora assumed the administration of the Affordable Housing Agreement with Glendora Housing Investors, L.P. This property is not part of the Long Term Property Management Plan. At June 30, 2021, the outstanding loan balance was in the amount of $6,197,036.

Monrovia Nursery Loan
On December 14, 2010, the City signed the resolution of 2010-46 to approve Monrovia Nursery Specific Plan to allow a 50 lot single-family residential subdivision project on certain property located on 34.5 acres in Glendora, California. The original loan amount was $370,610 and the outstanding balance at June 30, 2021 was $180,711.

Item #13. Page 84
Meeting Date: 1/11/2022 / Packet Page #: 303
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
64 Note 3 – Receivables (Continued)
D. Notes, Loans, and Advances Receivable (Continued)
Advance to Successor Agency
The City had previously loaned funds to the Agency in order to carry out Agency activities as provided for in Health and Safety Code Section 33000. ABX1 26 dissolved redevelopment agencies and contained language that stipulated that agreements, contracts or arrangements between the City that created the redevelopment agency are generally not binding on the Agency unless the Agency desires to enter or re-enter into these agreements with the approval of its oversight board. On June 26, 2012, the Agency Oversight Board adopted Resolution 2012-09, approving an advance of $5,595,000 relating to these previous loans between the City of Glendora acting as a municipal Corporation and the City of Glendora, California acting as Successor Agency to the Glendora Community Redevelopment Agency.

Repayment of the loan will be made by the Successor Agency from the Redevelopment Property Tax Trust Fund based on the State of California Department of Finance approved Recognized Obligation Payments Schedule, with an interest rate not to exceed the Local Agency Investment Fund (LAIF) interest rate. The balance outstanding at June 30, 2021 was $5,960,266 including accrued interest.

Note 4 – Interfund Transactions
A. Government-Wide Financial Statements
Internal Balances - At June 30, 2021, the City had the following internal receivables and payables, which represents internal borrowing and lending between the governmental activities and business-type activities:

Internal Payable
Business-Type
Internal Receivable Activities
Governmental Activities $ 2,121,686
Transfers – For the year ended June 30, 2021, the City had the following transfers:

Transfers Out
Business-Type
Transfers In Activities
Governmental Activities 36,646 $
Item #13. Page 85
Meeting Date: 1/11/2022 / Packet Page #: 304
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
65 Note 4 – Interfund Transactions (Continued)
B. Fund Financial Statements
Due to/from Other Funds - At June 30, 2021, the City had the following due to/from other funds:

Due To Other Funds
Governmental
Funds
Nonmajor
Due From Other Funds Governmental Funds
Governmental Funds:

General Fund 612,345 $
The interfund balances were made to cover negative cash balances and other short-term loans at June 30, 2021.

Transfers In/Out – For the year ended June 30, 2021, the City had the following transfers in and out:

Proprietary
Funds
General City Capital Nonmajor Internal Service
Transfers Out Fund Project Funds Funds Funds Total
Governmental Funds:

General Fund $ 3,611,226 $ 6,018,711 $ 2,479,966 $ 2,407,484 $ 14,517,387 Nonmajor Governmental Funds 2,748 427,368 - 430,116 -
Enterprise Funds: -
Water Fund - 36,646 - 36,646 -
$ 3,613,974 $ 6,018,711 $ 2,943,980 $ 2,407,484 $ 14,984,149 Governmental Funds
Transfers In
 The General Funds transferred $3,611,226 to the General funds to transfer excess cash per the reserve policy.  The General Funds transferred $2,479,966 to the Nonmajor Governmental Funds:
o $2,426,209 for Pension Obligation Bonds debt service payment. o $4,446 to provide funding for the landscape district expenditures. o $49,311 to the Energy Efficiency Project Debt Service Fund for lease payments.  The General Funds transferred $6,018,710 to the City Capital Projects Fund to transfer excess cash as per the reserve policy and consolidate the two capital project funds.  The General Funds transferred $2,407,484 to Internal Service Funds:
o $601,871 for General Liability fund to transfer excess cash as per the reserve policy. o $1,805,613 for Technology Fund to transfer excess cash as per the reserve policy.  The nonmajor governmental funds transferred $427,368 to the nonmajor governmental funds:
o $102,368 for Pension Obligation Bonds debt service payment. o The Local Transit Prop C Fund transferred $325,000 to the Local Transit Prop A Fund to provide funding for Prop C eligible expenditures.
 The Water Enterprise Fund transferred $36,646 to the nonmajor governmental funds mainly for lease payments
Item #13. Page 86
Meeting Date: 1/11/2022 / Packet Page #: 305
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
66 Note 5 - Land Held for Resale
The Successor Agency currently has 2 properties that are held for resale in the value of $3,555,905 that was sold in FY2021. The Successor Agency is legally obligated to meet certain requirements before disposition of the former RDA properties. These requirements include: 1) completion of a Long Range Property Management Plan to be approved by the State Department of Finance and 2) remittance by the Successor Agency of all monies due in accordance with AB 1484. The Oversight Board of the Successor Agency approved a long-term Property Management Plan on September 24, 2013 and a revised plan on May 28, 2015. The long-term Property Management Plan was subsequently approved by the State of California Department of Finance on June 30, 2014 and February 24, 2016. Both properties were sold in FY20/21.

Note 6 – Capital Assets
A. Governmental Activities
Summary of changes to the governmental activities capital assets for the year ended June 30, 2021:

Balance Balance
July 1, 2020 Transfers Additions Deletions June 30, 2021 Capital assets, not being depreciated:

Land $ 11,694,092 $ - $ - $ 11,694,092 - $
Construction in progress 2,141,758 (1,756,978) 583,857 (69,847) 898,790 Intangible assets - right of way 653,593 - - - 653,593
Total capital assets, not being depreciated 14,489,443 (1,756,978) 583,857 (69,847) 13,246,475 Capital assets, being depreciated:

Buildings and improvements 31,670,375 507,115 - 32,177,490 - Machinery and equipment 25,931,140 813,774 - 26,744,914 - Infrastructure 107,387,407 1,249,863 948,579 109,585,849 - Total capital assets, being depreciated 164,988,922 1,756,978 1,762,353 168,508,253 - Less accumulated depreciation for:

Buildings and improvements (16,421,542) (994,629) - (17,416,171) - Machinery and equipment (19,268,697) (1,637,043) - (20,905,740) - Infrastructure (64,922,872) (2,642,179) - (67,565,051) - Total accumulated depreciation (100,613,111) (5,273,851) - (105,886,962) - Total capital assets, being depreciated, net 64,375,811 1,756,978 (3,511,498) 62,621,291 - Governmental activities capital assets, net $ 78,865,254 $ (2,927,641) - $ $ (69,847) $ 75,867,766 Depreciation expense is charged to functions and programs based on their usage of the related assets. The amounts allocated to each function or program are as follows:

General government $ 173,670
Public safety 460,818
Community services 921,453
Public works 2,722,626
Library 116,070
Internal service 879,214
Total depreciation expense - governmental activities $ 5,273,851 Item #13. Page 87
Meeting Date: 1/11/2022 / Packet Page #: 306
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
67 Note 6 – Capital Assets (Continued)
B. Business-Type Activities
Summary of changes to the business-type activities capital assets for the year ended June 30, 2021:

Balance Balance
July 1, 2020 Transfers Additions Deletions June 30, 2021 Capital assets, not being depreciated:

Land $ 662,440 $ - $ - $ - $ 662,440
Water and pumping rights 4,715,599 - - 4,715,599 -
Intangibles 223,845 - - - 223,845
Construction in progress 2,033,052 (1,505,717) 797,145 1,324,480 - Total capital assets, not being depreciated 7,634,936 (1,505,717) 797,145 6,926,364 - Capital assets, being depreciated:

Buildings and improvements 10,562,600 - - 10,562,600 -
Machinery and equipment 63,743,618 - - 63,743,618 -
Infrastructure 30,215,134 1,505,717 751,713 32,472,564 - Total capital assets, being depreciated 104,521,352 1,505,717 751,713 106,778,782 - Less accumulated depreciation for:

Buildings and improvements (704,179) (211,744) - (915,923) - Machinery and equipment (27,972,034) (1,339,631) - (29,311,665) - Infrastructure (7,794,431) (637,507) - (8,431,938) -
Total accumulated depreciation (36,470,644) (2,188,882) - (38,659,526) - Total capital assets, being depreciated, net 68,050,708 1,505,717 (1,437,169) 68,119,256 - Business-type activities capital assets, net $ 75,685,644 $ (640,024) - $ $ 75,045,620 - $ Depreciation expenses charged to the business-type activities are as follows:

Business-type activities:

Water Fund $ 2,188,882
Total depreciation expense - business-type activities $ 2,188,882 Item #13. Page 88
Meeting Date: 1/11/2022 / Packet Page #: 307
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
68 Note 7 – Long-Term Liabilities
A. Governmental Activities
Summary of changes to the governmental activities long-term liabilities for the year ended June 30, 2021:

Balance Balance Due within Due in More
July 1, 2020 Additions Deletions June 30, 2021 One Year Than One Year Governmental Activities:
2009 Taxable pension obligation $ 815,000 $ (815,000) - $ $ - $ - $ - bonds, Series A
2019 Taxable pension obligation
bonds, Series A 54,177,309 (1,270,134) - 52,907,175 2,108,165 50,799,010 Pinnacle public finance 691,281 (67,822) - 623,459 73,826 549,633 Compensated absences 824,686 1,378,326 (1,318,103) 884,909 884,909 - Claims and judgments 7,124,686 1,251,148 (898,194) 7,477,640 4,590,309 2,887,331 Total governmental activities $ 63,632,962 $ 2,629,474 $ (4,369,253) $ 61,893,183 $ 7,657,209 $ 54,235,974 2009 Taxable Pension Obligation Bonds, Series A
In June 2009, the City issued $5,890,000 pension obligation bonds to fund the City’s actuarial accrued liability.

The bonds bear interest at 5.950% and the bonds were fully paid off during the year ended June 30, 2021. 2019 Taxable Pension Obligation Bonds, Series A
In September 2019, the City of Glendora issued $64,420,000 taxable pension obligation bonds to pay down the City’s actuarial accrued liability. S&P Global Ratings assigned a “AAA” long-term rating to the City of Glendora Pension Obligation Bonds, with a “stable” outlook. The bonds bear a True Interest Cost (TIC) at 2.82% and the principal matures in amounts ranging from $1,485,000 to $3,480,000 through June 2044. The liability was allocated between the governmental activities and business-type activities.

The annual principal requirements for the governmental activities and the business-type activities to amortize the outstanding 2019 Pension Obligation Bond are as follows:

Year Ending
June 30 Principal Interest Total Principal Interest Total Principal Interest 2022 2,108,165 $ $ 1,362,607 $ 3,470,772 $ 331,835 $ 214,480 $ 546,315 $ 2,440,000 $ 1,577,087 2023 2,229,126 1,324,407 3,553,533 350,874 208,468 559,342 2,580,000 1,532,875 2024 2,268,006 1,283,213 3,551,219 356,994 201,983 558,977 2,625,000 1,485,196 2025 2,311,206 1,240,166 3,551,372 363,794 195,208 559,002 2,675,000 1,435,374 2026 2,358,726 1,194,219 3,552,945 371,274 187,975 559,249 2,730,000 1,382,194 2027-2031 12,588,512 5,164,191 17,752,703 1,981,488 812,866 2,794,354 14,570,000 5,977,057 2032-2036 14,243,077 3,513,146 17,756,223 2,241,923 552,985 2,794,908 16,485,000 4,066,131 2037-2041 10,467,387 1,589,165 12,056,552 1,647,613 250,142 1,897,755 12,115,000 1,839,307 2042-2044 4,332,970 261,565 4,594,535 682,030 41,171 723,201 5,015,000 302,736 Total 52,907,175 $ $ 16,932,679 $ 69,839,854 $ 8,327,825 $ 2,665,278 $ 10,993,103 $ 61,235,000 $ 19,597,957 Governmental Activities Business-Type Activities Total
Item #13. Page 89
Meeting Date: 1/11/2022 / Packet Page #: 308
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
69 Note 7 – Long-Term Liabilities (Continued)
A. Governmental Activities (Continued)
Pinnacle Public Finance – Capital Lease
In June 2013, the City entered into a lease financing agreement for the Energy Efficiency Performance project with Pinnacle Finance Inc. with for principal balance of $1,015,000 and semi-annual payments which vary annually with an interest rate of 2.55%. At June 30, 2021, the accumulated depreciation of the financed equipment was $741,721.

At June 30, 2021, the outstanding balance for the Pinnacle Public Finance Lease was $623,459.

Future minimum lease payments under the lease at June 30, 2021 are as follows:

Principal
$ 89,258
93,731
98,457
103,449
108,724
191,275
684,894
(61,435)
$ 623,459
Year Ending June 30,
2022
2023
2024
2025
2026
2027-2028
Subtotal
Less amount representing interest
Present value of future minimum lease payments
Compensated Absences
The balance at June 30, 2021, was $884,909. See Note 8 for more detailed information.

Claims and Judgments
The balance at June 30, 2021, was $7,477,640. See Note 9 for more detailed information.

B. Business-Type Activities
Summary of long-term liabilities for the year ended June 30, 2021:

Balance Balance Due within Due in More
July 1, 2020 Additions Deletions June 30, 2021 One Year Than One Year Business-type activities
2012 Series A CSCDA water and
wastewater pooled revenue bond 10,040,000 $ $ (905,000) - $ $ 9,135,000 $ 935,000 $ 8,200,000 Bond premium 895,366 (52,847) - 842,519 842,519
2016 Series A CSCDA water and
wastewater pooled revenue bond 6,845,000 (390,000) - 6,455,000 405,000 6,050,000 Bond premium 1,309,720 (109,143) - 1,200,577 1,200,577
2019 Taxable pension obligation
bonds, Series A 8,527,691 (199,866) - 8,327,825 331,835 7,995,990 Compensated absences 145,705 218,188 (166,275) 197,618 197,618 - Total business-type activities $ 27,763,482 $ 218,188 $ (1,823,131) $ 26,158,539 $ 1,869,453 $ 24,289,086 Item #13. Page 90
Meeting Date: 1/11/2022 / Packet Page #: 309
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
70 Note 7 – Long-Term Liabilities (Continued)
B. Business-Type Activities (Continued)
2012 Series A CSCDA Water and Wastewater Pooled Revenue Bonds - Original Issue $14,785,000

The California Statewide Communities Development Authority (CSCDA) issued Water Revenue Bonds dated May 30, 2012, of which $14,785,000 was owed by the City of Glendora. The CSCDA is a joint exercise of powers authority duly organized on June 1, 1988. It operates pursuant to the California Government Code and an agreement by and among various cities, counties and special districts, and is qualified to issue the bonds under the law. The purpose of the bonds was to advance refund portions of the 2003 Series A and 2004 Series C CSCDA Water and Wastewater Pooled Revenue Bonds which were for public capital improvements, in effect reducing the aggregate debt service payments by almost $0.44 million over the 14 years from issuance and obtaining an economic gain (difference between the present values of the old and new debt service payments) of $0.16 million.

The interest payments on the bonds are payable at the rate of 1.00% to 5.00%. Interest is payable on October 1 and April 1, commencing October 1, 2012. Principal is due annually beginning on October 1, 2014, in amounts ranging from $535,000 to $1,220,000. The bonds are payable from the net revenues of the Water Enterprise Fund.

The annual debt service requirements for the 2012 Series A Water Revenue Bonds at June 30, 2021 were as follows:

Year Ending
June 30 Principal Interest Total
2022 $ 935,000 $ 328,462 $ 1,263,462
2023 975,000 290,262 1,265,262
2024 1,010,000 258,137 1,268,137
2025 1,040,000 219,512 1,259,512
2026 1,090,000 177,162 1,267,162
2027-2030 4,085,000 293,042 4,378,042
Total $ 9,135,000 $ 1,566,577 $ 10,701,577
2016 Series A Water Revenue Refunding Bonds - Original Issue $8,395,000 On January 26, 2016, the City refunded the 2006 Series A CSCDA bonds with the 2016 Series A Water Revenue Refunding bonds. The purpose of the bonds was to advance refund the remaining 2006 Series A CSCDA Water and Wastewater Pooled Revenue Bonds which were issued for public capital improvements, in effect reducing the aggregate debt service payments by almost $1.8 million over the 17 years from issuance, and obtaining an economic gain (difference between the present values of the old and new debt service payments) of $1.5 million. On March 2, 2017, the outstanding 2006 Series A bonds were redeemed.

The interest on the bonds is payable at rates of 2.00% to 5.00%. Interest is payable on October 1 and April 1, commencing October 1, 2016. Principal is due annually beginning on October 1, 2016, in amounts ranging from $350,000 to $690,000. The bonds are payable from the net revenues of the Water Enterprise Fund.

Item #13. Page 91
Meeting Date: 1/11/2022 / Packet Page #: 310
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
71 Note 7 – Long-Term Liabilities (Continued)
B. Business-Type Activities (Continued)
The annual debt service requirements for the 2016 Series A Water Revenue Refunding Bonds at June 30, 2021 were as follows:

Year Ending
June 30 Principal Interest Total
2022 $ 405,000 $ 307,125 $ 712,125
2023 420,000 286,500 706,500
2024 450,000 264,750 714,750
2025 475,000 241,625 716,625
2026 495,000 217,375 712,375
2027-2031 2,865,000 699,125 3,564,125
2032-2033 1,345,000 68,125 1,413,125
Total $ 6,455,000 $ 2,084,625 $ 8,539,625
2019 Taxable Pension Obligation Bonds, Series A
See Note 7 A for disclosure.

Compensated Absences
The balance at June 30, 2021, was $197,619 See Note 8 for more detailed information.

C. Fiduciary Fund
The Successor Agency pledged, as security for bonds issued, either directly or through the Financing Authority, a portion of tax increment revenue (including Low and Moderate Income Housing set-aside and pass through allocations) that it receives. The bonds issued were to provide financing for various capital projects, accomplish Low and Moderate Income Housing projects and to defease previously issued bonds.

Assembly Bill 1X 26 provided that upon dissolution of the Glendora Community Redevelopment Agency, property taxes allocated to redevelopment agencies no longer were deemed tax increment but rather property tax revenues and will be allocated to successor agencies to make payments on the indebtedness incurred by the dissolved redevelopment agencies. Total principal and interest remaining on the bonds is $10,321,756 with annual debt service requirements indicated below. For the current year, the debt service obligation on the bonds was $2,045,163 and taxes received to pay enforceable obligations were in the amount totaled to $3,149,161.

Item #13. Page 92
Meeting Date: 1/11/2022 / Packet Page #: 311
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
72 Note 7 – Long-Term Liabilities (Continued)
C. Fiduciary Fund (Continued)
The following long-term debt was transferred from the Glendora Community Redevelopment Agency to the Successor Agency on February 1, 2012, as a result of the dissolution. A description of long-term debt outstanding (excluding defeased debt) of the Successor Agency at June 30, 2021, follows:

Balance Balance Due within Due in More
July 1, 2020 Additions Deletions June 30, 2021 One Year Than One Year Fiduciary Activities
Loan from the City of Glendora 6,608,863 $ $ 28,247 $ (676,844) $ 5,960,266 $ 5,960,266 - $ 2003 Tax Allocation Bond,
Nontaxable Series A 6,830,000 (1,235,000) - 5,595,000 1,300,000 4,295,000 Bond Discount (4,875) - 1,085 (3,790) - (3,790)
2006 Revenue Bonds, Series A 3,765,000 (340,000) - 3,425,000 355,000 3,070,000 Bond Discount (26,292) - 4,539 (21,753) (21,753) -
Total fiduciary activities $ 17,172,696 $ 28,247 $ (2,246,220) $ 14,954,723 $ 1,655,000 $ 13,299,723 Loan from the City of Glendora
The City of Glendora had previously loaned funds to the former Glendora Community Redevelopment Agency in order to carry out Agency activities as provided for in Health and Safety Code Section 33000.

ABX1 26 dissolved redevelopment agencies and contained language that stipulated that agreements, contracts or arrangements are generally not binding on the successor agency unless the successor agency desires to enter or re-enter with the approval of its oversight board. On June 26, 2012, the Oversight Board of the Successor Agency adopted Resolution 2012-09, approving an advance of $5,595,000 relating to these previous loans between the City of Glendora, acting as a Municipal Corporation and the City of Glendora acting as Successor Agency to the Glendora Community Redevelopment Agency. The City has accrued interest due on the loans since inception. The loan balance at June 30, 2021 was $5,960,266. 2003 Tax Allocation Bonds, Nontaxable Series A and B - Original Issue $ 16,070,000 On September 1, 2003, the Public Financing Authority issued on behalf of the Agency, $11,255,000 in Series A Nontaxable Tax Allocation Bonds and $4,815,000 in Series B Taxable Tax Allocation Bonds. The proceeds of the Series A Bonds were used to redeem the 1993 Revenue Tax Allocation Bonds related to Project Area No. 1 in the amount of $3,215,000, to finance redevelopment activities within Project Area No. 1, to satisfy costs of issuance and to set aside reserve requirements pursuant to escrow agreements.

Principal payments on the Series A Bonds are due annually beginning on September 1, 2004, and continuing through 2024. Installments range from $100,000 to $1,500,000 and interest is payable semi-annually with rates ranging from 2.0% to 5.0%.

The annual requirements to amortize the outstanding bond indebtedness at June 30, 2021, including interest, are as follows:

Item #13. Page 93
Meeting Date: 1/11/2022 / Packet Page #: 312
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
73 Note 7 – Long-Term Liabilities (Continued)
C. Fiduciary Fund (Continued)
2003 Tax Allocation Bonds, Nontaxable Series A and B - Original Issue $ 16,070,000 (Continued) Year Ending
June 30 Principal Interest Total
2022 1,300,000 $ $ 279,750 $ 1,579,750
2023 1,365,000 214,750 1,579,750
2024 1,430,000 146,500 1,576,500
2025 1,500,000 75,000 1,575,000
Total $ 5,595,000 $ 716,000 $ 6,311,000
2006 Revenue Bonds, Series B – Original Issue $6,945,000 On March 29, 2006, the Agency issued $6,945,000 in Series B Revenue Tax Allocation Bonds. The proceeds of the bonds were used to fund the completion of the infrastructure improvements related to the Diamond Ridge and Pompei Park projects within Project Area No. 1 boundaries.

Principal payments on the bonds are due annually beginning on September 1, 2009, and continuing through 2025, in installments ranging from $235,000 to $1,910,000. Interest is payable semi-annually with rates ranging from 3.25% to 4.50%.

The annual debt service requirements to amortize the 2006 Revenue Tax Allocation Bonds outstanding at June 30, 2021 are as follows:

Year Ending
June 30 Principal Interest Total
2022 355,000 $ 144,769 $ 499,769 $
2023 370,000 129,362 499,362
2024 385,000 121,500 506,500
2025 405,000 104,175 509,175
2026 1,910,000 85,950 1,995,950
Total 3,425,000 $ 585,756 $ 4,010,756 $
Note 8 – Compensated Absences
The following is a summary of compensated absences payable transactions for the year ended June 30, 2021:

Balance Balance Due within
July 1, 2020 Additions Deletions June 30, 2021 One Year Governmental activities:

Compensated absences $ 824,686 $ 1,378,326 $ (1,318,103) $ 884,909 $ 884,909 Business-type activities
Compensated absences $ 145,705 $ 218,188 $ (166,275) $ 197,618 $ 197,618 Item #13. Page 94
Meeting Date: 1/11/2022 / Packet Page #: 313
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
74 Note 8 – Compensated Absences (Continued)
All vested vacation and compensatory leave time is recognized as an expense and as a liability in the businesstype funds at the time the liability vests. The long-term portion of compensated absences payable has been accrued for the Governmental Activities on the Government-Wide Financial Statement. In prior years, the General Fund and Water Fund have typically been used to liquidate these liabilities. There is no fixed payment schedule to pay these liabilities.

Note 9 – 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 maintains self-insurance programs for workers’ compensation and general public liability up to a maximum of $500,000 and $300,000 per occurrence, respectively. General liability claims, which exceed the limit, are insured through Independent Cities Risk Management Authority (“ICRMA”) up to a maximum per incident of $3,000,000. Workers’ compensation claims that exceed the limit are insured by ICRMA up to the California statutory limits for workers’ compensation.

The City is a member of the ICRMA, a public entity risk pool currently operating as a common risk management and insurance program for 15 California cities. The City pays an annual premium to the pool for its excess general liability insurance coverage. The agreement for information of the ICRMA provides that the pool will be selfsustaining through member premiums. The City continues to carry commercial companies for all other risks of loss, which include property insurance, earthquake and flood, public official bond, boiler and machinery, group accident, crime shield, and special events insurance.

Estimates for all liabilities, up to the self-insured levels, have been accrued in the Workers’ Compensation and the General Liability Self-Insurance Internal Service Funds including an estimate for incurred but not reported claims.

Estimates are based on recommended reserves established by the City’s third-party administrators who administer the City’s claims and insurance programs. There have been no significant changes in insurance coverage as compared to last year and settlements have not exceeded coverage in each of the past three fiscal years.

The ICRMA has published its own financial report for the year ended June 30, 2021, which can be obtained from Independent Cities Risk Management Authority, 18201 Von Karman, Suite 200, Irvine, California.

Changes in the balances of claims liabilities for the current and the last two fiscal years follow:

Annual Current Year Current Year
Claims Payable Claims and Changes Claim Balance Due Within Year Ended July 1 in Estimates Payments June 30 One Year June 30, 2019 $ 5,739,258 $ 1,270,509 $ (1,029,619) $ 5,980,148 $ 3,939,652 June 30, 2020 5,980,148 2,559,494 (1,414,956) 7,124,686 4,430,302 June 30, 2021 7,124,686 1,251,148 (898,194) 7,477,640 4,590,309 Item #13. Page 95
Meeting Date: 1/11/2022 / Packet Page #: 314
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
75 Note 10 – Employee Retirement Plans
A. Defined Benefit Pension Plans
The following summarizes the net pension liabilities and related deferred outflows of resources and deferred inflows of resources at June 30, 2021 with the corresponding pension expenses for the year then ended:

Governmental Business-Type
Governmental Activities Activities Activities Total
Deferred outflows of resources:

Pension contributions after measurement date:

Miscellaneous 799,454 $ $ 273,063 $ 1,072,517
Safety 1,439,951 1,439,951 -
Subtotal 2,239,405 273,063 2,512,468
Difference between expected and actual experience
Miscellaneous 696,672 237,956 934,628
Safety 132,118 132,118 -
Subtotal 828,790 237,956 1,066,746
Difference in projected and actual earnings on
pension investments:

Miscellaneous 331,266 113,148 444,414
Safety 37,030 37,030 -
Subtotal 368,296 113,148 481,444
Adjustment due to difference proportion:

Safety 348,766 348,766 -
Difference between City's contribution and
proportionate share of contribution:

Safety 20,968,306 20,968,306 -
Total deferred outflows of resources $ 24,753,563 $ 624,167 $ 25,377,730 Net pension liabilities:

Miscellaneous 1,516,087 $ $ 517,837 $ 2,033,924
Safety 1,703,774 1,703,774 -
Total net pension liabilities $ 3,219,861 $ 517,837 $ 3,737,698 Deferred inflows of Resources:

Change in assumptions:

Safety $ 5,676 $ - $ 5,676
Difference between City's contribution and
proportionate share of contribution:

Safety 493,435 493,435 -
Adjustment due to difference proportion:

Safety 19,950,200 19,950,200 -
Total deferred inflows of resources $ 20,449,311 $ 20,449,311 - $ Pension Expenses:

Miscellaneous 2,304,852 $ $ 868,577 $ 3,173,429
Safety 6,352,761 6,352,761 -
Total pension expense $ 8,657,613 $ 868,577 $ 9,526,190 Item #13. Page 96
Meeting Date: 1/11/2022 / Packet Page #: 315
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
76 Note 10 – Employee Retirement Plans (Continued)
A. Defined Benefit Pension Plans (Continued)
General Information About the Pension Plan
Plan Description
The City contributes to the California Public Employees Retirement System (“CalPERS”), an agent multipleemployer defined benefit pension plan for miscellaneous employees and a cost-sharing multiple-employer defined benefit plan for safety employees. CalPERS acts as a common investment and administrative agent for participating public entities within the State of California. Benefit provisions and all other requirements are established by state statue and City ordinance. A full description of the pension plan regarding number of employees covered, benefit provisions, assumptions (for funding, but not accounting purposes), and membership information is listed in the June 30, 2018 Annual Actuarial Valuation Report. This report and CalPERS’ audited financial statements, are publicly available reports that can be obtained at CalPERS’ website under Forms and Publications.

Benefit Provided
CalPERS provides retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. Benefit provisions under both plans are established by State Statute and City Resolution as follows:

Classic Tier 2 PEPRA
Between May 1
Prior to through After
Hire date May 1, 2012 December 31, 2012 December 31, 2012 Benefit formula 2.5% @ 55 2.0% @ 60 2.0% @ 62
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments Monthly for life Monthly for life Monthly for life Retirement age Minimum 50 yrs Minimum 50 yrs Minimum 50 yrs

2.0%-2.5%, 1.1%-2.0%, 1.0%-2.0%,
50 yrs -55+ yrs, 50 yrs - 60yrs, 52 yrs -62 yrs,
Monthly benefits, as a % of eligible compensation respectively respectively respectively Required employee contribution rates 8.00% 7.00% 6.25%
Required employer contributions rates (Measurement P 9.874% 9.874% 9.874% Required employer contributions rates (FY20-21) 10.502% 10.502% 10.502% Miscellaneous Agent Plans
Item #13. Page 97
Meeting Date: 1/11/2022 / Packet Page #: 316
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
77 Note 10 – Employee Retirement Plans (Continued)
A. Defined Benefit Pension Plans (Continued)
General Information About the Pension Plan (Continued)
Benefit Provided (Continued)
Classic Tier 2 PEPRA
Between October 16,
Prior to 2012 through After
Hire date October 16, 2012 December 31, 2012 December 31, 2012 Benefit formula 3.0% @ 50 2.0% @ 50 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments Monthly for life Monthly for life Monthly for life Retirement age Minimum 50 yrs Minimum 50 yrs Minimum 50 yrs

2.0% - 2.7%
50 yrs -57 yrs,
Monthly benefits, as a % of eligible compensation 3.0%, 50 yrs 2.0%, 50 yrs respectively Required employee contribution rates (Measurement Period) 9.00% 9.00% 12.25% Required employee contribution rates (FY20-21) 9.00% 9.00% 12.75% Required employer contributions rates (Measurement Period) 23.654% 18.183% 13.786% Required employer contributions rates (FY20-21) 25.540% 19.825% 13.884% Safety Cost-Sharing Plans
Participants are eligible for non-industrial disability retirement if they become disabled and have at least 5 years credited service. There is no special age requirement. The standard non-industrial disability retirement benefit is a monthly allowance equal to 1.8 percent of final compensation, multiplied by service years.

Industrial disability benefits are not offered to miscellaneous employees. The City provides industrial disability retirement benefits to safety employees only. The industrial disability retirement benefit is a monthly allowance equal to 50 percent of final compensation.

An employee's beneficiary may receive the basic death benefit if the employee becomes deceased while actively employed. The employee must be actively employed with the City to be eligible for this benefit. An employee's survivor who is eligible for any other pre-retirement death benefit may choose to receive that death benefit instead of this basic death benefit. The basic death benefit is a lump sum in the amount of the employee's accumulated contributions, where interest is currently credited at 7.5 percent per year, plus a lump sum in the amount of one month's salary for each completed year of current service, up to a maximum of six month’s salary.

For purposes of this benefit, one month's salary is defined as the member's average monthly full-time rate of compensation during the 12 months preceding death. Upon the death of a retiree, a one-time lump sum payment of $500 will be made to the retiree’s designated survivor(s), or to the retiree’s estate.

Benefit terms provide for annual cost-of-living adjustments to each employee’s retirement allowance. Beginning the second calendar year after the year of retirement, retirement and survivor allowances will be annually adjusted on a compound basis by 2 percent.

Item #13. Page 98
Meeting Date: 1/11/2022 / Packet Page #: 317
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
78 Note 10 – Employee Retirement Plans (Continued)
A. Defined Benefit Pension Plans (Continued)
General Information About the Pension Plan (Continued)
Employees Covered by Benefit Terms
At June 30, 2019, the valuation date, the following number of employees were covered by the benefit terms:

Miscellaneous Classic Tier 2 PEPRA
Active employees 141 34 3 15
Transferred and terminated employees 226 21 1 4
Retired Employees and Beneficiaries 255 102 0 0
Total 622 157 4 19
Plans
Safety
Contributions
Section 20814(c) of the California Public Employees’ Retirement Law (“PERL”) requires that the employer contribution rates for all public employers be 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 employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. The required contribution rates are shown in the Benefit Provided Section at pages 77 and 78.

Net Pension Liability
Actuarial Methods and Assumption Used to Determine Total Pension Liability The June 30, 2019 valuation was rolled forward to determine the June 30, 2020 total pension liability, based on the following actuarial methods and assumptions:

Actuarial Cost Method
Actuarial Assumptions:

Discount Rate
Inflation
Salary Increases
Mortality Rate Table(1)
Post Retirement Benefit Increase
(1)The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from December 2017 that can be found on the CalPERS website.

Entry Age Normal

7.15%

2.50%
Varies by Entry Age and Service
Derived using CalPERS’ Membership Data for all Funds.

The lesser of contract COLA or 2.50% until Purchasing Power ProtectionAllowance floor on purchasing power applies, 2.50% thereafter
Item #13. Page 99
Meeting Date: 1/11/2022 / Packet Page #: 318
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
79 Note 10 – Employee Retirement Plans (Continued)
A. Defined Benefit Pension Plans (Continued)
Net Pension Liability (Continued)
Change of Assumption
In 2020, there were no changes of assumptions.

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.

In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations as well as the expected pension fund cash flows. Using historical returns of all of the funds’ asset classes, expected compound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11+ years) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the rounded single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set equal to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses.

The expected real rates of return by asset class are as followed:

Assumed Asset Real Return Real Return
Asset Class(1) Allocation Years 1 - 102 Years 11+3
Global Equity 50.00% 4.80% 5.98%
Fixed Income 28.00% 1.00% 2.62%
Inflation Assets 0.00% 0.77% 1.81%
Private Equity 8.00% 6.30% 7.23%
Real Assets 13.00% 3.75% 4.93%
Liquidity 1.00% 0.00% -0.92%
100.00%
2 An expected inflation rate of 2.00% used
3 An expected inflation rate of 2.92% used
(1) In the CalPERS's CAFR, Fixed Income is included in Global Debt Securities; Liquidity is included in Short-term Investments; Inflation Assets are included in both Global Equity Securities and Global Debt Securities.

Discount Rate
The discount rate used to measure the total pension liability was 7.15%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

Item #13. Page 100
Meeting Date: 1/11/2022 / Packet Page #: 319
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
80 Note 10 – Employee Retirement Plans (Continued)
A. Defined Benefit Pension Plans (Continued)
Net Pension Liability (Continued)
Liquidating Net Pension Liability
Pension liabilities are liquidated principally by all the funds.

Changes in the Net Pension Liability
The following table shows the changes in net pension liability for the City’s miscellaneous plan recognized over the measurement period.

Liability Position Liability/(Asset)
(a) (b) (c) = (a) - (b)
Balance at June 30, 2019 (Valuation Date) $ 109,638,110 $ 80,528,578 $ 29,109,532 Changes Recognized for the Measurement Period:

Service Cost 1,507,514 - 1,507,514
Interest on the total pension liability 7,765,992 - 7,765,992 Changes of benefit terms - - -
Changes of assumptions - - -
Difference between expected and actual experience 1,580,147 - 1,580,147 Net plan to plan resource movement - - -
Contributions from the employer - 32,093,707 (32,093,707) Contributions from employees - 752,040 (752,040)
Net investment income - 5,197,040 (5,197,040)
Benefit payments, including refunds of employee
contributions (6,713,517) (6,713,517) -
Administrative Expense - (113,526) 113,526
Other - - -
Net Changes during July 1, 2019 to June 30, 2020 4,140,136 31,215,744 (27,075,608) Balance at June 30, 2020 (Measurement Date) $ 113,778,246 $ 111,744,322 $ 2,033,924 Increase (Decrease)
Proportionate Share of Net Pension Liability and Pension Expense The following table shows the City’s safety plan’s proportionate share of the risk pool collective net pension liability over the measure period.

Total Pension Plan Fiduciary Net Net Pension
Liability Position Liability/(Asset)
(a) (b) (c) = (a) - (b)
Balance at June 30, 2019 (Valuation Date) 107,801,601 77,013,497 30,788,104 $ Balance at June 30, 2020 (Measurement Date) 113,191,560 111,487,786 1,703,774 Net changes during 2019-20 5,389,959 34,474,289 (29,084,330) Safety Plan
Increase (Decrease)
Item #13. Page 101
Meeting Date: 1/11/2022 / Packet Page #: 320
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
81 Note 10 – Employee Retirement Plans (Continued)
A. Defined Benefit Pension Plans (Continued)
Changes in the Net Pension Liability (Continued)
Proportionate Share of Net Pension Liability and Pension Expense The following is the approach established by the plan actuary to allocate the net pension liability and pension expense to the individual employers within the risk pool. (1) In determining a cost-sharing plan’s proportionate share, total amounts of liabilities and assets are first calculated for the risk pool as a whole on the valuation date (June 30, 2019). The risk pool’s fiduciary net position (“FNP”) subtracted from its total pension liability (“TPL”) determines the net pension liability (“NPL”) at the valuation date.
(2) Using standard actuarial roll forward methods, the risk pool TPL is then computed at the measurement date (June 30, 2020). Risk pool FNP at the measurement date is then subtracted from this number to compute the NPL for the risk pool at the measurement date. For purposes of FNP in this step and any later reference thereto, the risk pool’s FNP at the measurement date denotes the aggregate risk pool’s FNP at June 30, 2020 less the sum of all additional side fund (or unfunded liability) contributions made by all employers during the measurement period (2019-20). (3) The individual plan’s TPL, FNP and NPL are also calculated at the valuation date. TPL is allocated based on the rate plan’s share of the actuarial accrued liability. FNP is allocated based on the rate plan’s share of market value assets.
(4) Two ratios are created by dividing the plan’s individual TPL and FNP at the valuation date from (3) by the amounts in step (1), the risk pool’s total TPL and FNP, respectively. (5) The plan’s TPL at the Measurement Date is equal to the risk pool TPL generated in (2) multiplied by the TPL ratio generated in (4). The plan’s FNP at the Measurement Date is equal to the FNP generated in (2) multiplied by the FNP ratio generated in (4) plus any additional side fund (or unfunded liability) contributions made by the employer on behalf of the plan during the measurement period. (6) The plan’s NPL at the Measurement Date is the difference between the TPL and FNP calculated in (5).

Deferred outflows of resources, deferred inflows of resources, and pension expense are allocated based on the City’s share of contributions made during the measurement period.

The City’s proportionate share of the net pension liability was as follows:

Safety Plan
June 30, 2019 0.3005%
June 30, 2020 0.0157%
Change - Increase (Decrease) -0.2848%
Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the plans at the measurement date, calculated using the discount rate of 7.15%, as well as what the net pension liability would be if it were calculated using a discount rate that is 1 percentage-point lower (6.15%) or 1 percentage-point higher (8.15%) than the current rate:

Item #13. Page 102
Meeting Date: 1/11/2022 / Packet Page #: 321
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
82 Note 10 – Employee Retirement Plans (Continued)
A. Defined Benefit Pension Plans (Continued)
Changes in the Net Pension Liability (Continued)
Sensitivity of the Net Pension Liability to Changes in the Discount Rate (Continued) Discount Rate Current Discount Discount Rate
- 1% (6.15%) Rate (7.15%) + 1% (8.15%)
Miscellaneous Plan 16,470,447 $ 2,033,924 $ (9,927,165) $ Safety Plan 2,564,437 $ 1,703,774 $ 997,500 $
Plan's Net Pension Liability/(Asset)
Pension Plan Fiduciary Net Position
Detailed information about the plan’s fiduciary net position is available in the separately issued CalPERS financial report.

Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions For the year ending June 30, 2020, the City recognized pension expense in the amounts of $3,173,429 and $6,352,761 for the miscellaneous plan and safety plan, respectively.

At measurement date of June 30, 2020, the City has deferred outflows and deferred inflows of resources related to pensions as follows:

Deferred outflows Deferred inflows
of Resources of Resources
Contribution made after measurement period 1,072,517 $ - $ Changes of assumptions - -
Difference between expected and actual experience 934,628 - Net difference between projected and actual earning
on pension plan investments 444,414
Total 2,451,559 $ - $
Deferred outflows Deferred inflows
of Resources of Resources
Contribution made after measurement period 1,439,951 $ - $ Changes of assumptions - (5,676)
Difference between expected and actual experience 132,118 - Net difference between projected and actual earning
on pension plan investments 37,030 -
Adustment due to differences in proportions 348,766 (19,950,200) Difference between City's contribution and
proportionate share of contribution: 20,968,306 (493,435) Total 22,926,171 $ (20,449,311) $
Miscellaneous Plan
Safety Plan
Item #13. Page 103
Meeting Date: 1/11/2022 / Packet Page #: 322
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
83 Note 10 – Employee Retirement Plans (Continued)
A. Defined Benefit Pension Plans (Continued)
Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions (Continued) The amounts above are net of outflows and inflows recognized in the 2019-2020 measurement period expense.

The expected average remaining service lifetime (“EARSL”) is calculated by dividing the total future service years by the total number of plan participants (active, inactive, and retired). The EARSL for the miscellaneous plan and the safety risk pool for the 2019-20 measurement period is 2.4 and 3.8 years, which was obtained by dividing the total service years of 1,472 and 548,581 (the sum of remaining service lifetimes of the active employees) by 622 and 145,663 (the total number of participants: active, inactive, and retired), respectively. $1,072,517 and $1,439,951 reported as deferred outflows of resources related to pensions for miscellaneous plan and safety plan, respectively, resulting from the City’s contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability for the miscellaneous plan and as reduction to the collective net pension liability for the safety plan in the year ending June 30, 2022. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in the future pension expense as follows:

Measurement Period
Ending June 30 Miscellaneous Plan Safety Plan
2021 286,436 $ 309,938 $
2022 427,609 374,466
2023 368,367 333,951
2024 296,630 18,554
2025 - -
$ 1,036,909 1,379,042 $
Deferred Outflows/
Inflows of Resources
B. Defined Contribution Pension Plan
The City provides pension benefits for all of its part-time employees through a defined contribution plan. In a defined contribution plan, benefits depend solely on amounts contributed to the plan plus investment earnings. The plan is administered as part of the Public Agency Retirement Systems (PARS). All part-time employees are eligible to participate from the date of employment. Federal legislation requires contributions of at least 7.5% to a retirement plan, and City Council resolved to match the employees’ contributions of

3.75%. The City’s contributions for each employee (and interest earned by the accounts) are fully vested immediately.

For the year ended June 30, 2021, the City’s payroll covered by the plan was $800,122. The City made employer contributions of $30,005 (3.75% of current covered payroll), and employees contributed $30,005 (3.75% of current covered payroll). Number of participants of the Plan at June 30, 2021 were 48.

Item #13. Page 104
Meeting Date: 1/11/2022 / Packet Page #: 323
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
84 Note 10 – Employee Retirement Plans (Continued)
C. Other Postretirement Health Care Benefits
At June 30, 2021, net OPEB liability and related deferred outflows of resources and deferred inflows of resources are as follows:

Governmental Business-Type
Activities Activities Total
Deferred outflows of resources:

OPEB contributions after measurement date: $ 262,727 $ 89,738 $ 352,465 Change in Assumptions 745,138 254,510 999,648
Total deferred outflows of resources $ 1,007,865 $ 344,248 $ 1,352,113 Net OPEB liabilities $ 9,080,098 $ 3,101,413 $ 12,181,511 Deferred inflows of Resources:

Change in assumption $ 680,943 $ 232,584 $ 913,527
Difference between expected and actual experience 1,202,414 410,699 1,613,113 Total deferred inflows of resources $ 1,883,357 $ 643,283 $ 2,526,640 OPEB Expenses (Credit) $ 653,828 $ (90,057) $ 563,771
General Information About the OPEB Plan
Plan Description
The City provides a single-employer other postemployment health care benefit to Glendora’s Executive Managers, General Employees, Management, Police, and Police Management who retire after a minimum of 10 to 20 years with a regular service retirement and who, at the time of retirement, have a minimum balance of either 500 hours (for Management) or 1,000 hours (for General Employees) of accumulated sick leave. The City will provide a supplemental medical payment to age 65. Payments are made as follows: $100 per month for mid-managers and general employees to a maximum of $1,200; $300 per month for department heads to a maximum of $3,600; $200 per month for police officers to a maximum of $2,400; and $300 per month for police management to a maximum of $3,600. In addition to the temporary additional benefits described above, all employees who retire from the City and continue their medical coverage through CalPERS receive a monthly lifetime contribution from the City. This contribution is $139 and $143 per month during calendar years of 2020 and 2021, respectively, except for general employees who receive $200 per month. Benefit liabilities now also include the indirect (implicit) subsidy created when pre-Medicare retirees pay the same premiums as active employees.

Eligibility and Membership Covered by Benefit Terms
Medical coverage is currently provided through CalPERS as permitted under the Public Employees’ Medical and Hospital Care Act (PEMHCA). This coverage requires the employee to satisfy the requirements for retirement under CalPERS, which requires attainment of age 50 (age 52, if a miscellaneous member new to PERS on or after January 1, 2013) with 5 years of State or public agency service or approved disability retirement. In addition, the employee must begin his or her retirement warrant within 120 days of terminating employment with the City to be eligible to continue medical coverage through the City and be entitled to the PEMHCA subsidy described below.

Item #13. Page 105
Meeting Date: 1/11/2022 / Packet Page #: 324
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
85 Note 10 – Employee Retirement Plans (Continued)
C. Other Postretirement Health Care Benefits (Continued) General Information About the OPEB Plan (Continued)
Eligibility and Membership Covered by Benefit Terms (Continued) If an eligible employee is not already enrolled in the medical plan, he or she may enroll within 60 days of retirement or during any future open enrollment period. Coverage may be continued at the retiree’s option for his or her lifetime. Survivors may also continue coverage. Membership in the plan consisted of the follow at June 30, 2019 valuation date:

Active plan members 197
Inactive plan members currently receiving benefits 77
Inactive plan members entitled to but not receiving benefits 104 Total 378
Contributions
The obligation of the City to contribute to the plan is established and may be amended by the City Council. For the year ended June 30, 2021 the City made contribution on pay-as-you-go basis.

Net OPEB Liability
The City's net OPEB liability was measured as of June 30, 2020, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of June 30, 2019.

Actuarial Methods and Assumptions Used to Determined Total OPEB Liability The total OPEB liability in the June 30, 2019 actuarial valuation was determined using the following actuarial methods and assumptions, applied to all periods included in the measurement period, unless otherwise specified:

Actuarial Cost Method
Actuarial Assumptions:

Asset Valuation Method
Discount Rate
Inflation
Salary Increases
Mortality Improvement
Healthcare Trend
Medicare Eligibility
Participation Rate

5.3% in 2022, fluctuates until ultimate rate of 4% in 2076.

All individuals are assumed to be eligible for Medicare Parts A and B at age 65.

Active employees: 100% of those expected to qualify for the additional “MOU” benefits are assumed to receive them. In addition, (a) 70% of all future retirees eligible for an additional MOU benefit, and (b) 45% of those not eligible for or no longer receiving the additional MOU benefits are assumed to elect coverage in a CalPERS medical plan at retirement, thus qualifying for the PEMHCA resolution benefit. Retired participants: Existing medical plan elections are assumed to be continued until the retiree’s death.

CalPERS 2017 Experience Study; Project with MW Scale 2020 Entry Age Normal
Market value of assets; $0 (the plan has not yet been funded)

2.45% as of June 30, 2020 and 3.13% as of June 30, 2019

2.50%

3.00% per year, since benefits do not depend on salary, this is used only to allocate the cost of benefits between service years Item #13. Page 106
Meeting Date: 1/11/2022 / Packet Page #: 325
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
86 Note 10 – Employee Retirement Plans (Continued)
C. Other Postretirement Health Care Benefits (Continued) Net OPEB Liability (Continued)
Actuarial Methods and Assumptions Used to Determined Total OPEB Liability (Continued) Demographic actuarial assumptions used in this valuation are based on the 2017 experience study of the California Public Employees Retirement System using data from 1997 to 2015, except for a different basis used to project future mortality improvements. Rates for selected age and service are shown below and on the following pages. Mortality rates used were those published by CalPERS, adjusted to back out 15 years of Scale MP 2016 to central year 2015.

Discount Rate
The discount rate used to measure the total OPEB liability was 2.45%. The discount rate is based on the yield or index rate for 20-year, tax-exempt general obligation municipal bonds with an average rating of AA/Aa or higher (or equivalent quality on another rating scale).

Liquidating Net OPEB Liability
Other postemployment benefits liabilities are liquidated principally by the General Fund.

Changes in Assumptions
In 2020, the discount rate change from 3.13% as of June 30, 2019 to 2.45% as of June 30, 2020, based on the published change in return for the applicable municipal bond index.

Change in Net OPEB Liability
Total OPEB Plan Fiduciary Net Net OPEB
Liability Position Liability
(a) (b) (c) = (a) - (b)
Balance at June 30, 2019 10,499,274 $ - $ 10,499,274 $
Changes Recognized for the Measurement Period:

Service Cost 538,951 - 538,951
Interest on the total OPEB liability 340,530 - 340,530
Changes of benefit terms - - -
Changes of assumptions 1,120,088 - 1,120,088
Difference between expected and actual experience - - - Contributions from the employer - 317,332 (317,332)
Benefit payments, including refunds of employee
contributions (317,332) (317,332) -
Net Changes during July 1, 2019 to June 30, 2020 1,682,237 - 1,682,237 Balance at June 30, 2020 (Measurement Date) $ 12,181,511 $ - $ 12,181,511 Increase (Decrease)
Item #13. Page 107
Meeting Date: 1/11/2022 / Packet Page #: 326
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
87 Note 10 – Employee Retirement Plans (Continued)
C. Other Postretirement Health Care Benefits (Continued) Change in Net OPEB Liability (Continued)
Sensitivity of the Net OPEB Liability to Change 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 (1.45 percent) or 1-percentage- point higher (3.45 percent) than the current discount rate:

Discount Rate Current Discount Discount Rate
- 1 % (1.45%) Rate (2.45%) + 1% (3.45%)
$ 12,181,511 14,152,616 $ 10,586,784 $
Plan's Net OPEB Liability
Sensitivity of the Total OPEB Liability to Changes in the Health Care 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:

Healthcare Cost Healthcare Cost Healthcare Cost
Trend Rate - 1% Trend Rate Trend Rate + 1%
$ 12,181,511 10,465,707 $ 14,362,396 $
Plan's Net OPEB Liability
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB For the measurement period ended June 30, 2020, the City recognized OPEB expense of $563,771 At June 30, 2021, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Deferred outflows Deferred inflows
of Resources of Resources
Contribution made after measurement period 352,465 $ - $ Changes in assumptions 999,648 (913,527)
Difference between expected and actual experience (1,613,113) Total $ 1,352,113 $ (2,526,640)
The gains and losses are amortized over the expected average remaining service life. The expected average remaining service life is 9.3 years for employees covered by the OPEB plan benefit terms as of the valuation date (the beginning of the measurement period).

The $352,465 reported as deferred outflows of resources related to OPEB resulting from the City’s contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability in the year ending June 30, 2022. Other amount reported as deferred inflows of resources related to OPEB will be recognized in the future OPEB expense as follow:

Item #13. Page 108
Meeting Date: 1/11/2022 / Packet Page #: 327
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
88 Note 10 – Employee Retirement Plans (Continued)
C. Other Postretirement Health Care Benefits (Continued) OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB (Continued)
Deferred
Outflows/(Inflows)
Measurement Period of Resources
Ending June 30 OPEB Plan
2021 (315,710) $
2022 (315,710)
2023 (315,710)
2024 (241,718)
2025 (144,633)
Thereafter (193,511)
Total $ (1,526,992)
Note 11 – Contingencies
Liabilities
The City is a defendant in various lawsuits which have arisen in the normal course of business. There are certain personal injury lawsuits, which have been denied by the City Council. The outcome and eventual liability to the City, if any, in these cases are not known at this time. After reviewing these lawsuits with legal counsel, management estimates that the potential claims against the City, not covered by insurance, resulting from such litigation would not materially affect the financial statements of the City.

Grants
Under the terms of federal and state grants, periodic audits are required and certain costs may be questioned as not being appropriate expenditures under the terms of the grants. Such audits could lead to reimbursement to the grantor agencies. City management believes disallowances, if any, would not materially affect the financial statements of the City.

Commitments
The City had contractual outstanding commitments in various funds totaling $1,040,794 at June 30, 2021 as follows:

Outstanding
Commitment
Governmental Funds:

General Fund $ 247,000
Non-major Governmental Funds 793,794
Total $ 1,040,794
Item #13. Page 109
Meeting Date: 1/11/2022 / Packet Page #: 328
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
89 Note 11 – Contingencies (Continued)
Encumbrances
There were no significant outstanding encumbrances at June 30, 2021.

Note 12 – Other Required Disclosures
A. Expenditures over Appropriations
For the year ended June 30, 2021, the following funds had expenditures over appropriations:

Expenditures over
Appropriation Expenditures Appropriation
Governmental Funds:

Nonmajor Governmental Funds:

Special Assessments Special Revenue Fund
Public works 409,967 531,462 (121,495)
Grants Special Revenue Fund
Public Safety 70,346 101,624 (31,278)
Library - 1,988 (1,988)
Supplemental law Enforcement Services Special Revenue Fund Public Safety 100,626 115,006 (14,380)
Air Quality Special Revenue Fund
General government 1,902 2,036 (134)
Affordable Housing Special Revenue Fund
General government 35,510 36,101 (591)
Beverage Recylcing Grant Special Revenue Fund
Public works 12,000 13,281 (1,281)
Library Grant Special Revenue Fund
Capital outlay 2,000 2,445 (445)
Pension Obligation Bonds Debt Service Funds
Debt Services- Interest and Fiscal charges 1,320,367 1,321,018 (651) B. Deficit Fund Balances/Net Positions
At June 30, 2021, the following funds had deficit fund balances or net positions:

Nonmajor Special Revenue Funds:

Grants $ (119,369)
Prop A Operations (7,488)
Step OTS Grant (569)
Highway Bridge Repair (46)
HSIP (32,981)
Measure H (149,959)
Internal Service Funds:

Workers' Compensation Self-Insurance (2,917,838)
General Liability Self-Insurance (355,628)
The governmental funds’ deficits will be eliminated upon receipt of Grant Funds in the future years. The Internal Service Fund deficit will be eliminated through future charges to user departments.

Item #13. Page 110
Meeting Date: 1/11/2022 / Packet Page #: 329
City of Glendora
Notes to the Basic Financial Statements (Continued)
For the Year Ended June 30, 2021
90 Note 13 – Restatement of Beginning Fund Balance/Net Position Beginning net position and fund balance was restated as following due to implementation GASB Statement No. 84.

Nonmajor BusinessGovernmental General Governmental Type Water Activities Fund Funds Activities Enterprise Fund
Net Position/Fund Balance at July 1, 2020
, as previously reported 80,140,213 $ 25,224,241 $ - $ 77,333,191 $ 79,362,339 $ Reclassification of Agency Fund to General Fund
and General Plan Fee Special Revenue Fund (nonmajor)
and Water Enterprise Fund 3,018,263 2,514,850 503,413 419,050 419,050 Net Position/Fund Position at July 1, 2020, as restated 83,158,476 $ 27,739,091 $ 503,413 $ 77,752,241 $ 79,781,389 $ Item #13. Page 111
Meeting Date: 1/11/2022 / Packet Page #: 330

REQUIRED SUPPLEMENTARY INFORMATION
(UNAUDITED)
91 Item #13. Page 112
Meeting Date: 1/11/2022 / Packet Page #: 331
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92 Item #13. Page 113
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Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes $ 30,915,064 $ 33,423,609 $ 37,004,148 $ 3,580,539 Licenses and permits 1,693,984 1,532,860 1,824,644 291,784 Intergovernmental 308,000 820,400 835,796 15,396
Charges for services 1,717,205 1,156,205 1,545,169 388,964 Use of money and property 950,500 890,550 824,293 (66,257) Fines and forfeitures 258,000 193,000 269,946 76,946
Miscellaneous 20,550 69,550 235,253 165,703
Total revenues 38,086,174 35,863,303 42,539,249 4,453,075 EXPENDITURES:

Current:

General government 3,911,894 3,911,277 2,877,120 1,034,157 Public safety 17,528,256 17,364,226 16,501,322 862,904
Community services 2,699,081 2,490,081 2,035,834 454,247 Library 2,317,668 2,319,966 1,855,956 464,010
Public works 6,151,695 6,422,130 5,257,788 1,164,342
Debt service:

Principal retirement 815,000 815,000 815,000 -
Interest and fiscal charges 30,569 30,569 30,568 1
Total expenditures 33,353,249 33,454,163 29,373,588 3,979,661

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES 4,732,925 2,409,140 13,165,661 8,432,736 OTHER FINANCING SOURCES (USES):

Transfers in 3,000 - 3,613,974 3,610,974
Transfers out (2,479,966) (2,335,218) (14,517,387) (12,037,421) Total other financing sources (uses) (2,476,966) (2,335,218) (10,903,413) (8,426,447) NET CHANGE IN FUND BALANCE $ 2,255,959 73,922 $ 2,262,248 6,289 $ FUND BALANCE:

Beginning of year, as restated (Note 13) 27,739,091
End of year $ 30,001,339
City of Glendora
Required Supplementary Information (Unaudited)
Budgetary Comparison Schedule - General Fund
For the Year Ended June 30, 2021
93 Item #13. Page 114
Meeting Date: 1/11/2022 / Packet Page #: 333
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94 Item #13. Page 115
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1. The annual budget is adopted by the City Council after the holding of public hearings and provides for the general operation of the City. The operating budget includes proposed expenditures and the means of financing them.

2. The City Council approves total budgeted appropriations and any amendments to appropriations throughout the year. This "appropriated budget" (as defined by GASB Code Section 2400.109) covers City expenditures in all governmental funds.

3. Formal budgetary integration is employed as a management control device during the year. Commitments for materials and services, such as purchase orders and contracts, are recorded as encumbrances to assist in controlling expenditures. Encumbrances at year-end carry forward, and are added to the following year budgeted appropriations.

4. Annual budgets for the General Fund, Special Revenue funds, and Capital Projects Funds are adopted on a basis substantially consistent with accounting principles generally accepted in the United States of America ("U.S.

GAAP"). Accordingly, actual revenues and expenditures can be compared with related budgeted amounts without any significant reconciling items. Revisions to the originally adopted budget were made during the year and have been incorporated into the budgetary amounts presented except for the proprietary funds, as the City is not legally required to adopt budgets of these funds. Budgetary comparison schedules are not presented for governmental funds without adopted budget such as the American Rescue Plan Act Special Revenue Fund.

The City follows these procedures in establishing the budgetary data reflected in the financial statements:

City of Glendora
Required Supplementary Information (Unaudited)
Notes to the Budgetary Comparison Schedule
For the Year Ended June 30, 2021
Budgetary Accounting
95 Item #13. Page 116
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Measurement period 2013-141 2014-15 2015-16 2016-17 2017-18 Total pension liability
Service cost $ 1,655,381 $ 1,510,574 $ 1,588,319 $ 1,704,274 $ 1,712,186 Interest 6,337,872 6,607,743 6,851,396 6,946,828 7,181,159 Changes of benefit terms - - - - -
Differences between expected and actual experience (296,892) - (447,338) (1,644,990) 405,202 Changes of assumptions (1,573,360) - 5,610,332 - (691,188) Benefit payments, including refunds
of employee contributions (3,982,032) (4,377,624) (4,672,043) (5,058,663) (5,124,768) Net change in total pension
liability 4,011,221 1,870,441 3,320,334 7,557,781 3,482,591 Total pension liability - Beginning 85,668,278 89,679,499 91,549,940 94,870,274 102,428,055 Total pension liability - Ending (a) $ 89,679,499 $ 91,549,940 $ 94,870,274 $ 102,428,055 $ 105,910,646 Pension fiduciary net position
Contributions - employer $ 1,372,865 $ 1,519,204 $ 1,758,283 $ 2,086,064 $ 2,161,517 Contributions - employee 699,989 797,313 780,076 793,140 708,809 Net investment income 10,755,906 1,612,178 371,390 7,572,564 6,214,046 Benefit payments, including refunds
of employee contributions (3,982,032) (4,377,624) (4,672,043) (5,058,663) (5,124,768) Net plan to plan move - - - - (181)
Administrative expense - (102,993) (43,013) (101,537) (115,411) Other miscellaneous income/expense2 - - - - (219,168)
Net change in plan fiduciary
net position (551,922) 8,846,728 (1,805,307) 5,291,568 3,624,844 Plan fiduciary net position - Beginning3 62,282,267 71,128,995 70,577,073 68,771,766 74,063,334 Plan fiduciary net position - Ending (b) $ 71,128,995 $ 70,577,073 $ 68,771,766 $ 74,063,334 $ 77,688,178 Net pension liability (a) - (b) $ 18,550,504 $ 20,972,867 $ 26,098,508 $ 28,364,721 $ 28,222,468 Plan fiduciary net position as a percentage of
the total pension liability 79.31% 77.09% 72.49% 72.31% 73.35% Covered payroll4 $ 9,032,913 9,403,438 $ 9,731,754 $ 9,634,110 $ 9,809,142 $ Plan net pension liability as a
percentage of covered payroll 197.27% 232.18% 268.18% 294.42% 287.72% 1 4
Notes to Schedule:

Changes of Assumptions: In 2019 and 2020, there were no changes of assumptions. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate. In 2017, the discount rate was reduced from

7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense.) In 2014, amounts reported were based on the 7.5 percent discount rate.

For the Year Ended June 30, 2021
Last Ten Fiscal Years1
California Public Employees' Retirement System Defined Pension Plan - Miscellaneous Plan Historical information is presented only for measurement periods after GASB 68 implementation in 2013-14. Additional years of information will be displayed as it becomes available.

Includes one year’s payroll growth using 2.75 percent payroll growth assumption for fiscal years ended June 30, 2018-20; 3.00 percent payroll growth assumption for fiscal years ended June 30, 2014-17.

Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after the June 30, 2017 valuation date. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).

City of Glendora
Required Supplementary Information (Unaudited)
Schedule of Changes in Net Pension Liability and Related Ratios 96 Item #13. Page 117
Meeting Date: 1/11/2022 / Packet Page #: 336
Measurement period 2018-19 2019-20
Total pension liability
Service cost $ 1,507,514 1,678,027 $
Interest 7,765,992 7,442,113
Changes of benefit terms - -
Differences between expected and actual experience - 64,380 Changes of assumptions 1,580,147 -
Benefit payments, including refunds
of employee contributions (6,713,517) (5,457,056)
Net change in total pension
liability 4,140,136 3,727,464
Total pension liability - Beginning 109,638,110 105,910,646 Total pension liability - Ending (a) $ 113,778,246 109,638,110 $ Pension fiduciary net position
Contributions - employer $ 32,093,707 2,502,796 $
Contributions - employee 752,040 742,098
Net investment income 5,197,040 5,107,821
Benefit payments, including refunds
of employee contributions (6,713,517) (5,457,056)
Net plan to plan move - -
Administrative expense (113,526) (55,440)
Other miscellaneous income/expense2 - 181
Net change in plan fiduciary
net position 31,215,744 2,840,400
Plan fiduciary net position - Beginning3 77,688,178 80,528,578 Plan fiduciary net position - Ending (b) $ 80,528,578 $ 111,744,322 Net pension liability (a) - (b) $ 29,109,532 $ 2,033,924 Plan fiduciary net position as a percentage of
the total pension liability 73.45% 98.21%
Covered payroll4 $ 9,192,158 9,706,872 $
Plan net pension liability as a
percentage of covered payroll 299.89% 22.13%
For the Year Ended June 30, 2021
Last Ten Fiscal Years1
California Public Employees' Retirement System Defined Pension Plan - Miscellaneous Plan City of Glendora
Required Supplementary Information (Unaudited)
Schedule of Changes in Net Pension Liability and Related Ratios (Continued) 97 Item #13. Page 118
Meeting Date: 1/11/2022 / Packet Page #: 337
Measurement period 2013-141 2014-15 2015-16 2016-17 2017-18 City's proportion of the net pension liability 0.257500% 0.275312% 0.282917% 0.283135% 0.295615% City's proportionate share of the net pension liability 16,023,117 $ 18,897,174 $ 24,481,046 $ 28,079,211 $ 28,486,270 $ City's covered payroll 5,478,044 $ 5,630,131 $ 5,671,207 $ 5,857,254 $ 5,329,935 $ City's proportionate share of the net pension liability as a percentage of its covered payroll 292.50% 335.64% 431.67% 479.39% 534.46% Plan fiduciary net position as a percentage of
the total pension liability 81.42% 78.48% 73.32% 72.00% 72.66% 1 Historical information is presented only for measurement periods for which GASB No. 68 is presented for periods after GASB 68 implementation in 2013-14. Additional years of information will be displayed as it becomes available.

For the Year Ended June 30, 2021
Last Ten Fiscal Years1
California Public Employees' Retirement System Defined Pension Plan - Safety Plan City of Glendora
Required Supplementary Information (Unaudited)
Schedule of the Proportionate Share of the Net Pension Liability and Related Ratios 98 Item #13. Page 119
Meeting Date: 1/11/2022 / Packet Page #: 338
Measurement period 2018-19 2019-2020
City's proportion of the net pension liability 0.300460% 0.015660% City's proportionate share of the net pension liability 30,788,104 $ 1,703,774 $ City's covered payroll $ 6,263,292 6,108,346 $
City's proportionate share of the net pension liability as a percentage of its covered payroll 504.03% 27.20%
Plan fiduciary net position as a percentage of
the total pension liability 71.44% 71.44%
For the Year Ended June 30, 2021
Last Ten Fiscal Years1
California Public Employees' Retirement System Defined Pension Plan - Safety Plan City of Glendora
Required Supplementary Information (Unaudited)
Schedule of the Proportionate Share of the Net Pension Liability and Related Ratios (Continued) 99 Item #13. Page 120
Meeting Date: 1/11/2022 / Packet Page #: 339
Fiscal year 2013-141 2014-15 2015-16 2016-17 2017-18
Actuarially determined contribution 1,372,865 $ 1,519,204 $ 1,758,283 $ 2,086,064 $ 2,161,517 $ Contributions in relation to the
actuarially determined contribution (1,372,865) (1,519,204) (1,758,283) (2,086,064) (2,161,517) Contribution deficiency (excess) - $ - $ - $ - $ - $
Covered payroll2 $ 9,032,913 9,403,438 $ 9,731,754 $ 9,634,110 $ 9,809,142 $ Contributions as a percentage of covered payroll.2 14.60% 16.82% 18.07% 21.65% 22.04% 1 2
Notes to Schedule:

Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry Age Normal Cost Method
Amortization method Level percentage of payroll
Asset valuation method 15 year smoothed market
Inflation 2.50%
Salary increases varies by entry age and service
Payroll Growth 2.75%
Investment rate of return
Retirement age
Mortality
Includes one year’s payroll growth using 2.75 percent payroll growth assumption for fiscal years ended June 30, 2018-21; 3.00 percent payroll growth assumption for fiscal years ended June 30, 2014-17.

The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2020-21 were derived from the June 30, 2018 funding valuation report.

7.15%
The probabilities of Retirement are based on the 2014 CalPERS Experience Study for the period from 1997 to 2011.

The probabilities of mortality are based on the 2014 CalPERS Experience Study for the period from 1997 to 2011. Pre-retirement and Post-retirement mortality rates include 20 years of projected mortality improvement using Scale BB published by the Society of Actuaries For the Year Ended June 30, 2021
Last Ten Fiscal Years1
California Public Employees' Retirement System Defined Pension Plan - Miscellaneous Plan Historical information is presented only for measurement periods for which GASB No. 68 is presented for periods after GASB 68 implementation in 2013-14. Additional years of information will be displayed as it becomes available.

City of Glendora
Required Supplementary Information (Unaudited)
Schedule of Contributions - Pensions
100
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Fiscal year 2018-19 2019-20 2020-21
Actuarially determined contribution 2,502,796 $ 1,118,619 $ 1,072,517 $ Contributions in relation to the
actuarially determined contribution (2,502,796) (32,092,177) (1,072,517) Contribution deficiency (excess) - $ (30,973,558) $ - $ Covered payroll2 $ 9,973,811 9,706,872 $ 10,248,091 $
Contributions as a percentage of covered payroll.2 25.78% 321.76% 10.47% For the Year Ended June 30, 2021
Last Ten Fiscal Years1
California Public Employees' Retirement System Defined Pension Plan - Miscellaneous Plan City of Glendora
Required Supplementary Information (Unaudited)
Schedule of Contributions - Pensions (Continued)
101
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Fiscal year 2013-141 2014-15 2015-16 2016-17 2017-18
Actuarially determined contribution 1,584,696 $ 1,584,696 $ 1,895,287 $ 2,124,679 $ 2,306,438 $ Contributions in relation to the
actuarially determined contribution (1,584,696) (1,584,696) (1,895,287) (2,124,679) (2,306,438) Contribution deficiency (excess) $ - $ - $ - $ - $ -
Covered payroll2 $ 5,630,131 5,478,044 $ 5,671,207 $ 5,857,254 $ 5,329,935 $ Contributions as a percentage of covered payroll 28.93% 28.15% 33.42% 36.27% 43.27% 1 2
Notes to Schedule:

Historical information is presented only for measurement periods for which GASB No. 68 is presented for periods after GASB 68 implementation in 2013-14. Additional years of information will be displayed as it becomes available.

Payroll from prior year $6,263,292 was assumed to increase by 2.75 percent payroll growth assumption from 2019-20 to 2020-21.

Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after the June 30, 2017 valuation date. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Changes of Assumptions: In 2020 and 2019, there were no changes of assumptions. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate. In 2017, the discount rate was reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense.) In 2014, amounts reported were based on the 7.5 percent discount rate.

For the Year Ended June 30, 2021
Last Ten Fiscal Years1
California Public Employees' Retirement System Defined Pension Plan - Safety Plan City of Glendora
Required Supplementary Information (Unaudited)
Schedule of Contributions - Pensions (Continued)
102
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Fiscal year 2018-19 2019-20 2020-21
Actuarially determined contribution 27,300,844 1,494,129 1,439,951 Contributions in relation to the
actuarially determined contribution (27,300,844) (34,227,695) (1,439,951) Contribution deficiency (excess) - $ (32,733,566) $ - $ Covered payroll2 $ 6,263,292 6,108,346 $ 6,435,533 $
Contributions as a percentage of covered payroll 446.94% 546.48% 22.38% For the Year Ended June 30, 2021
Last Ten Fiscal Years1
California Public Employees' Retirement System Defined Pension Plan - Safety Plan City of Glendora
Required Supplementary Information (Unaudited)
Schedule of Contributions - Pensions (Continued)
103
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Measurement period 2016-171 2017-18 2018-19 2019-20
Total OPEB liability
Service cost 632,017 $ 555,743 $ 565,369 $ 538,951 $
Interest 375,210 432,902 457,605 340,530
Changes of benefit terms - - - -
Differences between expected and actual experience - - (2,055,061) - Changes of assumptions (1,241,368) (111,687) (334,457) 1,120,088 Benefit payments, including refunds of employee contributions (366,298) (391,803) (419,678) (317,332) Net change in total pension liability 485,155 (600,439) (1,786,222) 1,682,237 Total OPEB liability - beginning 11,800,341 12,400,780 12,285,496 10,499,274 Total OPEB liability - ending (a) $ 12,285,496 11,800,341 $ 10,499,274 $ 12,181,511 $ OPEB fiduciary net position
Contributions - employer 366,298 $ 391,803 $ 419,678 $ 317,332 $ Contributions - employee - - - -
Net investment income - - - -
Benefit payments, including refunds of employee contributions (366,298) (391,803) (419,678) (317,332) Administrative expense - - - -
Net change in plan fiduciary net position - - - -
Plan fiduciary net position - beginning - - - -
Plan fiduciary net position - ending (b) $ - - $ - $ - $ Plan net OPEB liability - ending (a) - (b) $ 12,285,496 11,800,341 $ 10,499,274 $ 12,181,511 $ Plan fiduciary net position as a percentage 0.00% 0.00% 0.00% 0.00% of the total OPEB liability
Covered-employee payroll $ 15,142,000 $ 15,634,115 $ 15,337,318 $ 15,994,232 Plan net OPEB liability as a percentage of covered payroll 77.93% 78.58% 68.46% 76.16% 1 Notes to Schedule:

Historical information is presented only for measurement periods after GASB 75 implementation in fiscal year of 2017-18 (measurement period of 2016-17). Additional years of information will be displayed as it becomes available.

Changes of Assumptions: In 2019, the accounting discount rate decreased to 3.13 percent from 3.65 from 2018. In 2018, the accounting discount rate increased from 3.56 percent to 3.65 percent from 2017.

City of Glendora
Required Supplementary Information (Unaudited)
Schedule of Changes in Net Other Postemployment Benefits Liability and Related Ratios For the Year Ended June 30, 2021
Last Ten Fiscal Years1
Other Postemployment Benefits ("OPEB") Plan
104
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Fiscal year 2016-171 2017-18 2018-19 2019-20 2020-21
Actuarially determined contribution 1,047,271 $ 391,803 $ 419,678 $ 317,332 $ 352,465 $ Contributions in relation to the
actuarially determined contribution (366,298) (391,803) (419,678) (317,332) (352,465) Contribution deficiency (excess) $ 680,973 $ - $ - $ - $ - Covered-employee payroll2 $ 15,634,115 15,142,000 $ 15,337,318 $ 15,994,232 $ 16,474,059 $ Contributions as a percentage of covered payroll.2 2.42% 2.51% 2.74% 1.98% 2.14% 1 2
Notes to Schedule:

Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry Age Normal Cost Method
Amortization method Level percentage of payroll
Asset valuation method Market valuation of assets ($0; no OPEB trust has been established) Discount Rate 2.45%
Participants Valued
Payroll Growth
Assumed Wage Inflation
General Inflation Rate
Health Trend 4.70% at 2021 to ultimate 4.00 % in 2076. Benefit provided per PEMHCA resolutions are assumed to increased annually by 4%
Payroll from prior year $15,994,232 was assumed to increase by 3.00 percent payroll growth assumption from 2019-20 to 2020-21.

The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2020-21 were derived from the June 30, 2019 funding valuation report.

Only current active employees and retired participants and covered dependents are valued. No future entrants are considered in this valuation.

3.00% per year, used only to allocate the cost of benefits between service years

3.00% per year; used to determine amortization payments if developed on a level percent of pay basis

2.50% per year
City of Glendora
Required Supplementary Information (Unaudited)
Schedule of Contributions - Other Postemployment Benefits For the Year Ended June 30, 2021
Last Ten Fiscal Years1
Other Postemployment Benefits ("OPEB") Plan
Historical information is presented only for measurement periods after GASB 75 implementation in fiscal year of 2017-18 (measurement period of 2016-17). Additional years of information will be displayed as it becomes available. 105
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106
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SUPPLEMENTARY INFORMATION
107
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108
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Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property $ - $ - $ (1,898) $ (1,898)
Total revenues - - (1,898) (1,898)
EXPENDITURES:

Current:

Public works 160,000 489,922 499,493 (9,571)
Capital outlay - 1,117,360 259,573 857,787
Total expenditures 160,000 1,607,282 759,066 848,216

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (160,000) (1,607,282) (760,964) 846,318 OTHER FINANCING SOURCES (USES):

Transfers in - 95,466 6,018,711 5,923,245
Transfers out - (95,466) - 95,466
Total other financing sources (uses) - - 6,018,711 6,018,711 NET CHANGE IN FUND BALANCE $ (160,000) $ (1,607,282) 5,257,747 $ 6,865,029 FUND BALANCE:

Beginning of year 9,346,055
End of year $ 14,603,802
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual City Capital Projects Fund
For the Year Ended June 30, 2021
109
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Proposition 1B Local Streets Fund – Accounts for funding received from the State of California Transportation Commission to support local transportation and street projects. The City uses the available funds for street improvement projects.

Grants Fund – Accounts for various State and Federal grants not requiring separate fund presentations.

Asset Forfeiture Fund – Accounts for receipts and expenditures of equitably shared, forfeited Federal and State funds recovered by the Glendora Police Department, used to support community policing activities, training and/or law enforcement operations.

Transit Tax Local Prop A Fund – Accounts for funds received from a Los Angeles County voter approved additional special ½ cent transportation sales tax which became effective in 1982. Funds may be used for developing and/or improving local public transit, paratransit, and related transportation infrastructure.

Supplemental Law Enforcement Services Fund – Accounts for the receipt and disbursement of monies awarded to the City under the Citizens Option for Public Safety program (otherwise known as COPS). The grant was established by State Assembly Bill (AB) 3229 and is appropriated through its Supplemental Law Enforcement Fund. AB 2339 revenues must be spent on frontline law enforcement costs.

Transit Tax Local Prop C Fund – Accounts for funds received from Los Angeles County for a voter approved additional special ½ cent transportation sales tax which became effective in 1992. Funds may only be used for certain public transportation purposes.

Housing and Community Development Act Fund – Accounts for funds received from the U.S. Department of Housing and Urban Development for use in community development eligible projects.

Used Oil Block Grant Fund – Accounts for funding received from California Integrated Waste Management for permanent and sustainable used oil recycling programs.

Air Quality Fund – Accounts for revenues apportioned to the City from Southern California AQMD fees on motor vehicle registrations, used to fund programs to reduce air pollution from mobile sources.

Prop A Operations Fund – Accounts for a approved a 1/2 percent per square foot of development tax to fund parks and open space programs in the Los Angels County in November 2016. The City is eligible to receive a local return based on population and percentage of development in the County. This is a permanent tax.

Affordable Housing Fund – Accounts for the collection of in-lieu affordable housing fees as obligated by the developer through a Development Agreement when the projects are approved.

CAL Home Prop 1C Fund – Accounts for funding received from the State of California, via the Housing Emergency Shelter Trust Fund Act of 2006, for lower income City housing and infrastructure programs. The City uses these funds for two programs: First Time Home Buyer (FTHB) Down Payment Assistance and Owner Occupied Rehabilitation.

Parks Development Fund – Accounts for revenues from residential and commercial developer park in-lieu fees for park acquisition and improvement purposes.

NONMAJOR GOVERNMENTAL FUNDS
Nonmajor Special Revenue Funds:

Special Revenue Funds are used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditure for specified purposes other than debt service or capital projects.

Special Assessments Fund – Accounts for monies received from property assessments restricted to fund special assessment district activities. The City maintains special assessment districts for Street Lighting and Landscaping.

Gas Tax and TDA Fund – Accounts for the receipt and disbursement of monies apportioned to the City under the Streets and Highways Code of the State of California for street and street related maintenance, and street construction. Transportation Development Act (TDA) revenues are allocated and administered on a per capita basis by the Los Angeles County Metropolitan Transportation Authority (MTA). These funds may be used for bicycle and pedestrian accessibility projects. 110
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Measure W Fund - Accounts for a Los Angeles voters approved Safe Clean Water Parcel Tax of 2.5 cents per square foot of “impermeable space.” Revenue generated from Measure W will be used to pay for regional municipal projects that improve water quality, prepare for future drought, and provide community benefits such as parks or wetlands. It is anticipated that the funds will be used for storm water projects in compliance with MS4 permit.

Library Grant Fund – Accounts for fund primarily provided by the Glendora Public Friends Foundation to cover staffing costs dedicated to the Foundation. The fund also includes grant funding from the California State Library.

Glendora Village Business Improvement District (BID) Fund – Accounts for annual assessments received from businesses in the Glendora Village Business Improvement District for marketing programs, special events, and streetscape improvements.

American Rescue Plan Act (ARPA) - ARPA of 2021 is the latest COVID-19 stimulus package which is $1.9 trillion economic stimulus bill- Accounts for the City's Federal revenues from the Coronavirus Local Fiscal Recovery Fund.

Step OTS Grant Fund – Accounts for funds received for the countywide Traffic Safety and Enforcement Program. Funds are used for DUI saturation patrols, checkpoints, and related programs.

Plan Maintenance Fees Fund – Accounts for funds received when permits are issued. The funds are used to maintain the permitting system and related documents.

Home-State Grant Fund – Accounts for grants received for housing projects.

Housing Authority Fund – Accounts for the assets transferred from the former Glendora Community Redevelopment Agency's Low and Moderate Housing Fund. Revenues are expended for new housing developments.

Highway Bridge Repair Fund – Accounts for a Federal-aid program to assist the States in the replacements and rehabilitation of bridges declared unsafe because of structural deficiencies, physical deterioration, or functional obsolescence.

Measure M Fund - Accounts for an additional 0.5% sales tax for transportation improvements from Los Angeles County voters approved Measure M in November 2016.

Road Rehabilitation Maintenance Fund - Accounts for the State Legislature passed SB1 which increases the funding for street projects. Revenue is restricted for street-related construction and/or maintenance projects starting from 2017.

Highway Safety Improvement Program ("HSIP") Fund - Accounts for is a Federal-aid program with the purpose to achieve a significant reduction in traffic fatalities and serious injuries on all public roads. These funds are eligible for work on any public road or publicly owned bicycle or pedestrian pathway or trail, that improves the safety for its users.

Beverage Recycling Grant Fund – Accounts for funds received from the California Department of Conservation, Division of Recycling that administers the California Beverage Container Recycling and Litter Reduction Act. The funds are used for programs that promote recycling.

NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
Nonmajor Special Revenue Funds (Continued):

Surface Transportation Program Fund – Accounts for funds administered by the Federal Highway Administration and used for City transit purposes.

PEG Cable TV Fund – Accounts for Public, Education, and Government (PEG) fees collected by service providers through the franchise agreements with the City. These fees pay for capital equipment and projects that provide for the continuation of PEG programming.

Measure R Fund – Accounts for funds received from Los Angeles County voter approved special ½ cent transportation sales tax which became effective July 2009. These funds may only be used for certain transportation purposes. 111
Item #13. Page 132
Meeting Date: 1/11/2022 / Packet Page #: 351

NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
Nonmajor Special Revenue Funds (Continued):

Measure H Fund - Accounts for a Los Angeles County voters approved the .25% county sales tax for 10 years in order to fund homeless services and prevention. Measure H would fund specific services and programs that would comply with the “Approved Strategies to Combat Homelessness”, which was drafted by the Los Angeles County Homeless Initiative and approved by the County Board of Supervisors.

Nonmajor Debt Service Fund:

Energy Efficiency Project Fund – Accounts for the principal and interest payments on a financing lease agreement funded by the General Fund and the Water Enterprise Fund for the various energy saving projects at City facilities.

Pension Obligation Fund – Accounts for funds received through the issuance of the 2019 Taxable Pension Obligation Funds to pay down the City’ actuarial accrued liability.

General Plan Maintenance Fees Fund - Accounts for funds received when permits are issued. The funds are used to maintain the general plan.
112
Item #13. Page 133
Meeting Date: 1/11/2022 / Packet Page #: 352
Special Gas Tax and Parks
Assessments TDA Development Grants
ASSETS
Pooled cash and investments 311,454 $ 1,000,939 $ 263,987 $ - $ Receivables:

Accounts - - 558 -
Taxes 8,065 - - -
Notes and loans - - - -
Accrued interest 778 2,589 686 -
Due from other governments - 61,242 - 119,369
Restricted assets:

Cash and investments with fiscal agents - - - -
Total assets $ 320,297 $ 1,064,770 $ 265,231 $ 119,369

LIABILITIES, DEFERRED INFLOWS OF
Liabilities:

Accounts payable $ 79,157 $ 82,628 $ 1,149 $ 20,582
Accrued liabilities 265 10,298 - 5,725
Unearned revenue - - - 21
Due to other funds - - - -
Due to the City - 60,719 - 93,041
Total liabilities 79,422 153,645 1,149 119,369
Deferred Inflows of Resources:

Unavailable revenues - - - 119,369
Total deferred inflows of resources - - - 119,369
Fund Balances (Deficits):

Restricted for:

Community development projects - - 264,082 -
Public safety - - - -
Public works and capital projects 240,875 911,125 - -
Community services - - - -
PEG Cable TV - - - -
Glendora Village Business District - - - -
Affordable Housing - - - -
Library - - - -
Debt service - - - -
Committed to:

General Plan - - - -
Public works - - - -
Unassigned (deficits) - - - (119,369)
Total fund balances (deficits) 911,125 240,875 264,082 (119,369) Total liabilities, deferred inflows of
resources and fund balances $ 1,064,770 320,297 $ 265,231 $ 119,369 $ (Continued)
Special Revenue Funds

RESOURCES AND FUND BALANCES
June 30, 2021
Nonmajor Governmental Funds
Combining Balance Sheet
City of Glendora
113
Item #13. Page 134
Meeting Date: 1/11/2022 / Packet Page #: 353
Supplemental
Law
Asset Transit Tax Enforcement Transit Tax
Forfeiture Local Prop A Services Local Prop C
ASSETS
Pooled cash and investments 277,728 $ 1,378,098 $ 334,293 $ 1,985,456 $ Receivables:

Accounts - 1,700 - -
Taxes - - - -
Notes and loans - - - -
Accrued interest 725 2,681 861 6,033
Due from other governments - - - -
Restricted assets:

Cash and investments with fiscal agents - - - -
Total assets $ 278,453 $ 1,382,479 $ 335,154 $ 1,991,489

LIABILITIES, DEFERRED INFLOWS OF
Liabilities:

Accounts payable $ - $ 61,352 $ - $ -
Accrued liabilities - 11,098 5,700 -
Unearned revenue - - - -
Due to other funds - - - -
Due to the City - - - -
Total liabilities - 72,450 5,700 -
Deferred Inflows of Resources:

Unavailable revenues - - - -
Total deferred inflows of resources - - - -
Fund Balances (Deficits):

Restricted for:

Community development projects - - - -
Public safety 278,453 - 329,454 -
Public works and capital projects - - - -
Community services - 1,310,029 - 1,991,489
PEG Cable TV - - - -
Glendora Village Business District - - - -
Affordable Housing - - - -
Library - - - -
Debt service - - - -
Committed to:

General Plan - - - -
Public works - - - -
Unassigned (deficits) - - - -
Total fund balances (deficits) 1,310,029 278,453 329,454 1,991,489 Total liabilities, deferred inflows of
resources and fund balances $ 1,382,479 278,453 $ 335,154 $ 1,991,489 $ (Continued)
Special Revenue Funds

RESOURCES AND FUND BALANCES
June 30, 2021
Nonmajor Governmental Funds
Combining Balance Sheet (Continued)
City of Glendora
114
Item #13. Page 135
Meeting Date: 1/11/2022 / Packet Page #: 354
Housing and
Community
Development Used Oil Prop A
Act Block Grant Air Quality Operations
ASSETS
Pooled cash and investments - $ 33,639 $ 279,299 $ - $
Receivables:

Accounts - - - -
Taxes - - - -
Notes and loans 556,362 - - -
Accrued interest - 85 685 -
Due from other governments 320,255 - 17,287 -
Restricted assets:

Cash and investments with fiscal agents - - - -
Total assets $ 33,724 876,617 $ 297,271 $ - $

LIABILITIES, DEFERRED INFLOWS OF
Liabilities:

Accounts payable 5,485 $ 7,004 $ 138 $ - $
Accrued liabilities - - 728 -
Unearned revenue - - - -
Due to other funds - - - -
Due to the City 291,617 - - 7,488
Total liabilities 7,004 297,102 866 7,488
Deferred Inflows of Resources:

Unavailable revenues - - - -
Total deferred inflows of resources - - - -
Fund Balances (Deficits):

Restricted for:

Community development projects 579,515 - - -
Public safety - - - -
Public works and capital projects - 26,720 - -
Community services - - 296,405 -
PEG Cable TV - - - -
Glendora Village Business District - - - -
Affordable Housing - - - -
Library - - - -
Debt service - - - -
Committed to:

General Plan - - - -
Public works - - - -
Unassigned (deficits) - - - (7,488)
Total fund balances (deficits) 26,720 579,515 296,405 (7,488) Total liabilities, deferred inflows of
resources and fund balances $ 33,724 876,617 $ 297,271 $ - $ (Continued)
Special Revenue Funds

RESOURCES AND FUND BALANCES
June 30, 2021
Nonmajor Governmental Funds
Combining Balance Sheet (Continued)
City of Glendora
115
Item #13. Page 136
Meeting Date: 1/11/2022 / Packet Page #: 355
Proposition Surface
Affordable CAL Home 1B Local Transportation
Housing Prop 1C Streets Program
ASSETS
Pooled cash and investments 1,205,604 $ 47,989 $ 39,615 $ 213,878 $ Receivables:

Accounts - - - -
Taxes - - - -
Notes and loans - 191,994 - -
Accrued interest 3,136 125 103 559
Due from other governments - - - -
Restricted assets:

Cash and investments with fiscal agents - - - -
Total assets $ 240,108 1,208,740 $ 39,718 $ 214,437 $

LIABILITIES, DEFERRED INFLOWS OF
Liabilities:

Accounts payable 168 $ - $ - $ - $
Accrued liabilities 5,568 - - -
Unearned revenue - - - -
Due to other funds - - - -
Due to the City - - - -
Total liabilities - 5,736 - -
Deferred Inflows of Resources:

Unavailable revenues - - - -
Total deferred inflows of resources - - - -
Fund Balances (Deficits):

Restricted for:

Community development projects - - - -
Public safety - - - -
Public works and capital projects - - 39,718 214,437
Community services - 240,108 - -
PEG Cable TV - - - -
Glendora Village Business District - - - -
Affordable Housing 1,203,004 - - -
Library - - - -
Debt service - - - -
Committed to:

General Plan - - - -
Public works - - - -
Unassigned (deficits) - - - -
Total fund balances (deficits) 240,108 1,203,004 39,718 214,437 Total liabilities, deferred inflows of
resources and fund balances $ 240,108 1,208,740 $ 39,718 $ 214,437 $ (Continued)
Special Revenue Funds

RESOURCES AND FUND BALANCES
June 30, 2021
Nonmajor Governmental Funds
Combining Balance Sheet (Continued)
City of Glendora
116
Item #13. Page 137
Meeting Date: 1/11/2022 / Packet Page #: 356
Beverage
Recycling
PEG Cable TV Measure R Grant Library Grant
ASSETS
Pooled cash and investments 458,732 $ 597,858 $ 59,840 $ - $ Receivables:

Accounts - - - 34,292
Taxes 22,924 - - -
Notes and loans - - - -
Accrued interest 1,198 1,652 156 -
Due from other governments - - - -
Restricted assets:

Cash and investments with fiscal agents - - - -
Total assets $ 599,510 482,854 $ 59,996 $ 34,292 $

LIABILITIES, DEFERRED INFLOWS OF
Liabilities:

Accounts payable - $ - $ - $ 331 $
Accrued liabilities - 17,827 - 477
Unearned revenue - - - -
Due to other funds - - - -
Due to the City - - - 23,922
Total liabilities 17,827 - - 24,730
Deferred Inflows of Resources:

Unavailable revenues - - - -
Total deferred inflows of resources - - - -
Fund Balances (Deficits):

Restricted for:

Community development projects - - - -
Public safety - - - -
Public works and capital projects - 581,683 59,996 -
Community services - - - -
PEG Cable TV 482,854 - - -
Glendora Village Business District - - - -
Affordable Housing - - - -
Library - - - 9,562
Debt service - - - -
Committed to:

General Plan - - - -
Public works - - - -
Unassigned (deficits) - - - -
Total fund balances (deficits) 581,683 482,854 59,996 9,562 Total liabilities, deferred inflows of
resources and fund balances $ 599,510 482,854 $ 59,996 $ 34,292 $ (Continued)
Special Revenue Funds

RESOURCES AND FUND BALANCES
June 30, 2021
Nonmajor Governmental Funds
Combining Balance Sheet (Continued)
City of Glendora
117
Item #13. Page 138
Meeting Date: 1/11/2022 / Packet Page #: 357
American Plan
Glendora Rescue plan Step OTS Maintenance
Village BID Act Grant Fees
ASSETS
Pooled cash and investments 112,121 $ 3,762,532 $ - $ 864,287 $ Receivables:

Accounts - - - 644
Taxes 6,600 - - -
Notes and loans - - - -
Accrued interest 293 - - -
Due from other governments - - 20,958 -
Restricted assets:

Cash and investments with fiscal agents - - - -
Total assets $ 3,762,532 119,014 $ 20,958 $ 864,931 $
Liabilities:

Accounts payable 2,527 $ - $ - $ 19 $
Accrued liabilities - - 1,981 -
Unearned revenue - 3,762,532 - -
Due to other funds - - - -
Due to the City - - 19,546 -
Total liabilities 3,762,532 2,527 21,527 19
Deferred Inflows of Resources:

Unavailable revenues - - - -
Total deferred inflows of resources - - - -
Fund Balances (Deficits):

Restricted for:

Community development projects - - - -
Public safety - - - -
Public works and capital projects - - - -
Community services - - - -
PEG Cable TV - - - -
Glendora Village Business District 116,487 - - -
Affordable Housing - - - -
Library - - - -
Debt service - - - -
Committed to:

General Plan - - - -
Public works - - - 864,912
Unassigned (deficits) - - (569) -
Total fund balances (deficits) - 116,487 (569) 864,912
Total liabilities, deferred inflows of
resources and fund balances $ 3,762,532 119,014 $ 20,958 $ 864,931 $ (Continued)

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
June 30, 2021
Special Revenue Funds
Nonmajor Governmental Funds
Combining Balance Sheet (Continued)
City of Glendora
118
Item #13. Page 139
Meeting Date: 1/11/2022 / Packet Page #: 358
Home-State Housing Highway
Grant Authority Bridge Repair Measure M
ASSETS
Pooled cash and investments 191,618 $ 2,290,502 $ - $ 1,219,240 $ Receivables:

Accounts - - - -
Taxes - - - -
Notes and loans 2,694,354 4,780,074 - -
Accrued interest 500 5,966 - 3,043
Due from other governments - - - -
Restricted assets:

Cash and investments with fiscal agents - - - -
Total assets $ 7,076,542 2,886,472 $ - $ 1,222,283 $

LIABILITIES, DEFERRED INFLOWS OF
Liabilities:

Accounts payable - $ 63 $ - $ 216,065 $
Accrued liabilities - 6,808 - 5,460
Unearned revenue - - - -
Due to other funds - - - -
Due to the City - - 46 -
Total liabilities 6,871 - 46 221,525
Deferred Inflows of Resources:

Unavailable revenues - - - -
Total deferred inflows of resources - - - -
Fund Balances (Deficits):

Restricted for:

Community development projects - - - -
Public safety - - - -
Public works and capital projects - - - 1,000,758
Community services 2,886,472 7,069,671 - -
PEG Cable TV - - - -
Glendora Village Business District - - - -
Affordable Housing - - - -
Library - - - -
Debt service - - - -
Committed to:

General Plan - - - -
Public works - - - -
Unassigned (deficits) - - (46) -
Total fund balances (deficits) 7,069,671 2,886,472 (46) 1,000,758 Total liabilities, deferred inflows of
resources and fund balances $ 7,076,542 2,886,472 $ - $ 1,222,283 $ (Continued)

RESOURCES AND FUND BALANCES
Special Revenue Funds
June 30, 2021
Nonmajor Governmental Funds
City of Glendora
Combining Balance Sheet (Continued)
119
Item #13. Page 140
Meeting Date: 1/11/2022 / Packet Page #: 359
Road
Rehabilitation
Maintenance HSIP Measure W Measure H
ASSETS
Pooled cash and investments 2,088,304 $ - $ 661,945 $ - $ Receivables:

Accounts - - - -
Taxes - - - -
Notes and loans - - - -
Accrued interest 5,470 - 1,729 -
Due from other governments 175,896 - - 149,774
Restricted assets:

Cash and investments with fiscal agents - - - -
Total assets $ - 2,269,670 $ 663,674 $ 149,774 $

LIABILITIES, DEFERRED INFLOWS OF
Liabilities:

Accounts payable 75 $ 32,560 $ 5,500 $ 34,414 $
Accrued liabilities - - - -
Unearned revenue - - - -
Due to other funds - - - -
Due to the City - 421 - 115,545
Total liabilities 32,981 75 5,500 149,959
Deferred Inflows of Resources:

Unavailable revenues - - - 149,774
Total deferred inflows of resources - - - 149,774
Fund Balances (Deficits):

Restricted for:

Community development projects - - - -
Public safety - - - -
Public works and capital projects 2,269,595 - 658,174 - Community services - - - -
PEG Cable TV - - - -
Glendora Village Business District - - - -
Affordable Housing - - - -
Library - - - -
Debt service - - - -
Committed to:

General Plan - - - -
Public works - - - -
Unassigned (deficits) (32,981) - - (149,959)
Total fund balances (deficits) (32,981) 2,269,595 658,174 (149,959) Total liabilities, deferred inflows of
resources and fund balances $ - 2,269,670 $ 663,674 $ 149,774 $ (Continued)

RESOURCES AND FUND BALANCES
Special Revenue Funds
June 30, 2021
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
City of Glendora
120
Item #13. Page 141
Meeting Date: 1/11/2022 / Packet Page #: 360
Special Revenue
Funds
Total
General Plan Energy Pension Nonmajor
Maintenance Efficiency Obligation Governmental
Fees Project Bonds Funds
ASSETS
Pooled cash and investments $ 600,211 $ 15,382 $ 38,635 $ 20,333,186 Receivables:

Accounts - - - 37,194
Taxes - - - 37,589
Notes and loans - - 8,222,784 -
Accrued interest - - - 39,053
Due from other governments - - - 864,781
Restricted assets:

Cash and investments with fiscal agents - - 1 1
Total assets $ 600,211 $ 15,382 $ 38,636 $ 29,534,588

LIABILITIES, DEFERRED INFLOWS OF
Liabilities:

Accounts payable $ - $ - $ 1,400 $ 550,617
Accrued liabilities - - - 71,935
Unearned revenue - - 3,762,553 -
Due to other funds - - - -
Due to the City - - - 612,345
Total liabilities - - 1,400 4,997,450
Deferred Inflows of Resources:

Unavailable revenues - - - 269,143
Total deferred inflows of resources - - - 269,143
Fund Balances (Deficits):

Restricted for:

Community development projects - - - 843,597
Public safety - - - 607,907
Public works and capital projects - - - 6,003,081
Community services - - - 13,794,174
PEG Cable TV - - - 482,854
Glendora Village Business District - - - 116,487
Affordable Housing - - - 1,203,004
Library - - - 9,562
Debt service - 15,382 37,236 52,618
Committed to:

General Plan - 600,211 - 600,211
Public works - - - 864,912
Unassigned (deficits) - - - (310,412)
Total fund balances (deficits) 15,382 600,211 37,236 24,267,995 Total liabilities, deferred inflows of
resources and fund balances $ 15,382 600,211 $ 38,636 $ 29,534,588 $ (Concluded)

RESOURCES AND FUND BALANCES
June 30, 2021
Debt Service Funds
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
City of Glendora
121
Item #13. Page 142
Meeting Date: 1/11/2022 / Packet Page #: 361
Special Gas Tax and Parks
Assessments TDA Development Grants
REVENUES:

Taxes 475,828 $ - $ 85,111 $ - $
Intergovernmental - 1,193,375 - 136,944
Charges for services - - - -
Use of money and property (550) 3,327 588 -
Contributions - - - -
Miscellaneous - - - -
Total revenues 1,196,702 475,278 85,699 136,944
EXPENDITURES:

Current:

General government - - - -
Public safety - - - 101,624
Community services - - - -
Library - - - 1,988
Public works 531,462 970,074 - 28,995
Capital outlay - - - 110,055
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total expenditures 970,074 531,462 - 242,662

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES 226,628 (56,184) 85,699 (105,718)
OTHER FINANCING SOURCES (USES):

Transfers in 5,384 - - -
Transfers out (503) - - -
Total other financing sources (uses) - 4,881 - -
NET CHANGES IN FUND BALANCES 226,628 (51,303) 85,699 (105,718) FUND BALANCES (DEFICITS):

Beginning of year, as restated (Note 13) 292,178 684,497 178,383 (13,651) End of year $ 911,125 240,875 $ 264,082 $ (119,369) $
(Continued)
Special Revenue Funds
For the Year Ended June 30, 2021
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances City of Glendora
122
Item #13. Page 143
Meeting Date: 1/11/2022 / Packet Page #: 362
Supplemental
Law
Asset Transit Tax Enforcement Transit Tax
Forfeiture Local Prop A Services Local Prop C
REVENUES:

Taxes - $ - $ - $ - $
Intergovernmental 56,790 1,128,572 156,727 869,859
Charges for services - 2,957 - -
Use of money and property (1,981) 7,794 848 4,625
Contributions - - - -
Miscellaneous - 7,678 - -
Total revenues 1,147,001 54,809 157,575 874,484
EXPENDITURES:

Current:

General government - 1,499 - -
Public safety 36,947 - 115,006 -
Community services - 955,258 - -
Library - - - -
Public works - - - -
Capital outlay 208,346 11,471 - 4,898
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total expenditures 968,228 245,293 115,006 4,898

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES 178,773 (190,484) 42,569 869,586
OTHER FINANCING SOURCES (USES):

Transfers in - 325,000 - -
Transfers out - (14,749) (7,798) (325,000)
Total other financing sources (uses) 310,251 - (7,798) (325,000) NET CHANGES IN FUND BALANCES 489,024 (190,484) 34,771 544,586 FUND BALANCES (DEFICITS):

Beginning of year, as restated (Note 13) 468,937 821,005 294,683 1,446,903 End of year $ 1,310,029 278,453 $ 329,454 $ 1,991,489 $ (Continued)
Special Revenue Funds
For the Year Ended June 30, 2021
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) City of Glendora
123
Item #13. Page 144
Meeting Date: 1/11/2022 / Packet Page #: 363
Housing and
Community
Development Used Oil Prop A
Act Block Grant Air Quality Operations
REVENUES:

Taxes - $ - $ - $ - $
Intergovernmental 556,552 441 67,988 43,586
Charges for services - - - -
Use of money and property - (216) 389 -
Contributions - - - -
Miscellaneous - - - -
Total revenues 225 556,552 68,377 43,586
EXPENDITURES:

Current:

General government - - 2,036 -
Public safety - - - -
Community services 319,888 - 12,146 5,950
Library - - - -
Public works - 5,393 - -
Capital outlay 285,109 - - -
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total expenditures 5,393 604,997 14,182 5,950

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (5,168) (48,445) 54,195 37,636
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - - (366) -
Total other financing sources (uses) - - (366) -
NET CHANGES IN FUND BALANCES (5,168) (48,445) 53,829 37,636 FUND BALANCES (DEFICITS):

Beginning of year, as restated (Note 13) 627,960 31,888 242,576 (45,124) End of year $ 26,720 579,515 $ 296,405 $ (7,488) $
(Continued)
Special Revenue Funds
For the Year Ended June 30, 2021
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) City of Glendora
124
Item #13. Page 145
Meeting Date: 1/11/2022 / Packet Page #: 364
Proposition Surface
Affordable CAL Home 1B Local Transportation
Housing Prop 1C Streets Program
REVENUES:

Taxes - $ - $ - $ - $
Intergovernmental - - - -
Charges for services - - - -
Use of money and property (8,843) (22) (18) (102)
Contributions - - - -
Miscellaneous - - - -
Total revenues (22) (8,843) (18) (102)
EXPENDITURES:

Current:

General government 36,101 - - -
Public safety - - - -
Community services 314,443 - - -
Library - - - -
Public works 71,132 - - -
Capital outlay - - - -
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total expenditures - 421,676 - -

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (22) (430,519) (18) (102)
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out (10,337) - - -
Total other financing sources (uses) - (10,337) - -
NET CHANGES IN FUND BALANCES (22) (440,856) (18) (102)
FUND BALANCES (DEFICITS):

Beginning of year, as restated (Note 13) 1,643,860 240,130 39,736 214,539 End of year $ 240,108 1,203,004 $ 39,718 $ 214,437 $
(Continued)
Special Revenue Funds
For the Year Ended June 30, 2021
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) City of Glendora
125
Item #13. Page 146
Meeting Date: 1/11/2022 / Packet Page #: 365
Beverage
Recycling
PEG Cable TV Measure R Grant Library Grant
REVENUES:

Taxes - $ - $ - $ - $
Intergovernmental - 653,299 13,089 25,638
Charges for services - - - -
Use of money and property (162) 2,770 (326) -
Contributions - - - 100,822
Miscellaneous 107,931 - - -
Total revenues 656,069 107,769 12,763 126,460
EXPENDITURES:

Current:

General government 69,472 - - -
Public safety - - - -
Community services - 6,280 - -
Library - - - 134,532
Public works - 396,087 13,281 -
Capital outlay 35,114 66,960 - 2,445
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total expenditures 469,327 104,586 13,281 136,977

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES 186,742 3,183 (518) (10,517)
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - (38,874) - -
Total other financing sources (uses) (38,874) - - -
NET CHANGES IN FUND BALANCES 147,868 3,183 (518) (10,517) FUND BALANCES (DEFICITS):

Beginning of year, as restated (Note 13) 479,671 433,815 60,514 20,079 End of year $ 581,683 482,854 $ 59,996 $ 9,562 $
(Continued)
Special Revenue Funds
For the Year Ended June 30, 2021
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) City of Glendora
126
Item #13. Page 147
Meeting Date: 1/11/2022 / Packet Page #: 366
American Plan
Glendora Rescue Plan Step OTS Maintenance
Village BID Act Grant Fees
REVENUES:

Taxes $ 46,623 $ - $ - $ -
Intergovernmental - - 90,044 -
Charges for services - - - 119,698
Use of money and property 244 - - (11,233)
Contributions - - - -
Miscellaneous - - - 55,665
Total revenues - 46,867 90,044 164,130
EXPENDITURES:

Current:

General government 26,367 - - -
Public safety - - 62,730 -
Community services - - - -
Library - - - -
Public works - - - 38,287
Capital outlay - - - -
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total expenditures - 26,367 62,730 38,287

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES - 20,500 27,314 125,843
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - - - (2,748)
Total other financing sources (uses) - - - (2,748)
NET CHANGES IN FUND BALANCES - 20,500 27,314 123,095
FUND BALANCES (DEFICITS):

Beginning of year, as restated (Note 13) 95,987 - (27,883) 741,817 End of year $ - 116,487 $ (569) $ 864,912 $
(Continued)
Special Revenue Funds
For the Year Ended June 30, 2021
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) City of Glendora
127
Item #13. Page 148
Meeting Date: 1/11/2022 / Packet Page #: 367
Home-State Housing Highway
Grant Authority Bridge Repair Measure M
REVENUES:

Taxes - $ - $ - $ - $
Intergovernmental - 169,211 424 740,211
Charges for services - 5,000 - -
Use of money and property 35,718 101,975 (5) (1,914)
Contributions - - - -
Miscellaneous - - - -
Total revenues 276,186 35,718 419 738,297
EXPENDITURES:

Current:

General government - 58,219 - -
Public safety - - - -
Community services - - 254,472
Library - - - -
Public works - 79,899 - -
Capital outlay - - 619 622,814
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total expenditures 138,118 - 619 877,286

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES 138,068 35,718 (200) (138,989)
OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - (17,832) - (11,909)
Total other financing sources (uses) (17,832) - - (11,909) NET CHANGES IN FUND BALANCES 120,236 35,718 (200) (150,898) FUND BALANCES (DEFICITS):

Beginning of year, as restated (Note 13) 2,850,754 6,949,435 154 1,151,656 End of year $ 7,069,671 2,886,472 $ (46) $ 1,000,758 $
(Continued)
-
Special Revenue Funds
For the Year Ended June 30, 2021
Nonmajor Governmental Funds
City of Glendora
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) 128
Item #13. Page 149
Meeting Date: 1/11/2022 / Packet Page #: 368
Road
Rehabilitation
Maintenance HSIP Measure W Measure H
REVENUES:

Taxes - $ - $ - $ - $
Intergovernmental 965,246 - 889,648 217,799
Charges for services - - - -
Use of money and property 7,255 - 7,743 -
Contributions - - - -
Miscellaneous - - - -
Total revenues - 972,501 897,391 217,799
EXPENDITURES:

Current:

General government - - - -
Public safety - - - -
Community services - - - 338,003
Library - - - -
Public works - - 146,081 -
Capital outlay 257,134 32,981 - -
Debt service:

Principal retirement - - - -
Interest and fiscal charges - - - -
Total expenditures 32,981 257,134 146,081 338,003

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (32,981) 715,367 751,310 (120,204) OTHER FINANCING SOURCES (USES):

Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses) - - - -
NET CHANGES IN FUND BALANCES (32,981) 715,367 751,310 (120,204) FUND BALANCES (DEFICITS):

Beginning of year, as restated (Note 13) 1,554,228 - (93,136) (29,755) End of year $ (32,981) 2,269,595 $ 658,174 $ (149,959) $ Special Revenue Funds
For the Year Ended June 30, 2021
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
City of Glendora
129
Item #13. Page 150
Meeting Date: 1/11/2022 / Packet Page #: 369
Special Revenue
Funds
Total
General Plan Energy Pension Nonmajor
Maintenance Efficiency Obligation Governmental
Fees Project Bonds Funds
REVENUES:

Taxes $ - $ - $ - $ 607,562
Intergovernmental - - 7,975,443 -
Charges for services 96,798 - - 224,453
Use of money and property - - - 147,904
Contributions - - - 100,822
Miscellaneous - - - 171,274
Total revenues - 96,798 - 9,227,458
EXPENDITURES:

Current:

General government - - - 193,694
Public safety - - - 316,307
Community services - - - 2,206,440
Library - - - 136,520
Public works - - - 2,280,691
Capital outlay - - - 1,637,946
Debt service:

Principal retirement - 67,822 1,208,210 1,276,032
Interest and fiscal charges - 17,197 1,321,018 1,338,215 Total expenditures 85,019 - 2,529,228 9,385,845

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (85,019) 96,798 (2,529,228) (158,387) OTHER FINANCING SOURCES (USES):

Transfers in - 85,019 2,528,577 2,943,980
Transfers out - - - (430,116)
Total other financing sources (uses) 85,019 - 2,528,577 2,513,864 NET CHANGES IN FUND BALANCES - 96,798 (651) 2,355,477
FUND BALANCES (DEFICITS):

Beginning of year, as restated (Note 13) 503,413 15,382 37,887 21,912,518 End of year $ 15,382 600,211 $ 37,236 $ 24,267,995 $
(Concluded)
City of Glendora
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2021
Debt Service Funds
130
Item #13. Page 151
Meeting Date: 1/11/2022 / Packet Page #: 370
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes $ 410,088 $ 410,088 $ 475,828 $ 65,740
Use of money and property 1,575 2,075 (550) (2,625)
Total revenues 412,163 411,663 475,278 63,115
EXPENDITURES:

Current:

Public works 409,967 409,967 531,462 (121,495)
Total expenditures 409,967 409,967 531,462 (121,495)

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES 2,196 1,696 (56,184) (58,380)
OTHER FINANCING SOURCES (USES):

Transfers in 5,384 5,384 5,384 -
Transfers out (582) (503) (503) -
Total other financing sources (uses) 4,881 4,802 4,881 - NET CHANGE IN FUND BALANCE $ 7,077 6,498 $ (51,303) (58,380) $ FUND BALANCE:

Beginning of year 292,178
End of year $ 240,875
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Special Assessments Special Revenue Fund
For the Year Ended June 30, 2021
131
Item #13. Page 152
Meeting Date: 1/11/2022 / Packet Page #: 371
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 1,223,837 $ 1,238,388 $ 1,193,375 $ (45,013) Use of money and property 4,500 9,000 3,327 (5,673)
Total revenues 1,247,388 1,228,337 1,196,702 (50,686)
EXPENDITURES:

Current:

Public works 1,161,042 1,229,639 970,074 259,565
NET CHANGE IN FUND BALANCE $ 17,749 67,295 $ 226,628 208,879 $ FUND BALANCE:

Beginning of year 684,497
End of year $ 911,125
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Gas Tax and TDA Special Revenue Fund
For the Year Ended June 30, 2021
132
Item #13. Page 153
Meeting Date: 1/11/2022 / Packet Page #: 372
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes $ 75,000 $ 75,000 $ 85,111 $ 10,111
Use of money and property 495 1,695 588 (1,107)
Total revenues 76,695 75,495 85,699 9,004
NET CHANGE IN FUND BALANCE $ 76,695 75,495 $ 85,699 9,004 $ FUND BALANCE:

Beginning of year 178,383
End of year $ 264,082
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Parks Development Special Revenue Fund
For the Year Ended June 30, 2021
133
Item #13. Page 154
Meeting Date: 1/11/2022 / Packet Page #: 373
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ - $ 564,655 $ 136,944 $ (427,711)
Total revenues 564,655 - 136,944 (427,711)
EXPENDITURES:

Current:

General government - 30,000 - 30,000
Public safety - 70,346 101,624 (31,278)
Community service - 102,709 - 102,709
Library - - 1,988 (1,988)
Public works - 116,435 28,995 87,440
Capital outlay - 231,514 110,055 121,459
Total expenditures 551,004 - 242,662 308,342
NET CHANGE IN FUND BALANCE $ 13,651 - $ (105,718) (119,369) $ FUND BALANCE (DEFICIT):

Beginning of year (13,651)
End of year $ (119,369)
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Grants Special Revenue Fund
For the Year Ended June 30, 2021
134
Item #13. Page 155
Meeting Date: 1/11/2022 / Packet Page #: 374
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 250,000 $ 161,500 $ 56,790 $ (104,710) Use of money and property 10,800 8,800 (1,981) (10,781) Total revenues 170,300 260,800 54,809 (115,491)
EXPENDITURES:

Current:

Public safety 70,000 70,000 36,947 33,053
Capital outlay - 231,182 208,346 22,836
Total expenditures 301,182 70,000 245,293 55,889
NET CHANGE IN FUND BALANCE $ (130,882) 190,800 $ (190,484) (59,602) $ FUND BALANCE:

Beginning of year 468,937
End of year $ 278,453
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Asset Forfeiture Special Revenue Fund
For the Year Ended June 30, 2021
135
Item #13. Page 156
Meeting Date: 1/11/2022 / Packet Page #: 375
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 1,124,327 $ 1,207,317 $ 1,128,572 $ (78,745) Charges for services 36,000 6,000 2,957 (3,043)
Use of money and property 10,800 10,800 7,794 (3,006)
Miscellaneous - 8,000 7,678 (322)
Total revenues 1,232,117 1,171,127 1,147,001 (85,116)
EXPENDITURES:

Current:

General government 4,773 4,773 1,499 3,274
Community services 1,399,850 1,279,617 955,258 324,359
Capital outlay 66,000 158,664 11,471 147,193
Total expenditures 1,443,054 1,470,623 968,228 474,826

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (210,937) (299,496) 178,773 389,710 OTHER FINANCING SOURCES (USES):

Transfers in 375,000 375,000 325,000 (50,000)
Transfers out (31,574) (14,749) (14,749) -
Total other financing sources (uses) 360,251 343,426 310,251 (50,000) NET CHANGE IN FUND BALANCE $ 149,314 43,930 $ 489,024 339,710 $ FUND BALANCE:

Beginning of year 821,005
End of year $ 1,310,029
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Transit Tax Local Prop A Special Revenue Fund
For the Year Ended June 30, 2021
136
Item #13. Page 157
Meeting Date: 1/11/2022 / Packet Page #: 376
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 150,000 $ 150,000 $ 156,727 $ 6,727 Use of money and property 1,890 2,890 848 (2,042)
Total revenues 152,890 151,890 157,575 4,685
EXPENDITURES:

Current:

Public safety 100,626 100,626 115,006 (14,380)
Total expenditures 100,626 100,626 115,006 (14,380)
EXCESS (DEFICIENCY) OF REVENUES OVER 52,264 51,264 42,569 (9,695) (UNDER) EXPENDITURES
OTHER FINANCING (USES):

Transfers out (11,333) (7,798) (7,798) -
Total other financing (uses) (7,798) (11,333) (7,798) - NET CHANGE IN FUND BALANCE $ 44,466 39,931 $ 34,771 (9,695) $ FUND BALANCE:

Beginning of year 294,683
End of year $ 329,454
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Supplemental Law Enforcement Services Special Revenue Fund For the Year Ended June 30, 2021
137
Item #13. Page 158
Meeting Date: 1/11/2022 / Packet Page #: 377
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 820,144 $ 820,144 $ 869,859 $ 49,715 Use of money and property 25,200 25,200 4,625 (20,575)
Total revenues 845,344 845,344 874,484 29,140
EXPENDITURES:

Capital outlay 120,000 805,000 4,898 800,102
Total expenditures 805,000 120,000 4,898 800,102

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES 40,344 725,344 869,586 829,242
OTHER FINANCING USES:

Transfers out (660,000) (660,000) (325,000) 335,000
NET CHANGE IN FUND BALANCE $ (619,656) 65,344 $ 544,586 1,164,242 $ FUND BALANCE:

Beginning of year 1,446,903
End of year $ 1,991,489
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Transit Tax Local Prop C Special Revenue Fund
For the Year Ended June 30, 2021
138
Item #13. Page 159
Meeting Date: 1/11/2022 / Packet Page #: 378
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 370,552 $ 1,132,078 $ 556,552 $ (575,526) Total revenues 1,132,078 370,552 556,552 (575,526)
EXPENDITURES:

Current:

Community services 45,552 491,739 319,888 171,851
Capital outlay 325,000 640,339 285,109 355,230
Total expenditures 1,132,078 370,552 604,997 527,081
NET CHANGE IN FUND BALANCE $ - - $ (48,445) (48,445) $
FUND BALANCE:

Beginning of year 627,960
End of year $ 579,515
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Housing and Community Development Act Special Revenue Fund For the Year Ended June 30, 2021
139
Item #13. Page 160
Meeting Date: 1/11/2022 / Packet Page #: 379
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 14,300 $ 14,300 $ 441 $ (13,859)
Use of money and property 324 324 (216) (540)
Total revenues 14,624 14,624 225 (14,399)
EXPENDITURES:

Current:

Public works 14,200 14,200 5,393 8,807
NET CHANGE IN FUND BALANCE $ 424 424 $ (5,168) (5,592) $ FUND BALANCE:

Beginning of year 31,888
End of year $ 26,720
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Used Oil Block Grant Special Revenue Fund
For the Year Ended June 30, 2021
140
Item #13. Page 161
Meeting Date: 1/11/2022 / Packet Page #: 380
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 67,700 $ 118,460 $ 67,988 $ (50,472) Use of money and property 1,620 2,820 389 (2,431)
Total revenues 121,280 69,320 68,377 (52,903)
EXPENDITURES:

Current:

General government 1,902 1,902 2,036 (134)
Community services 14,596 15,254 12,146 3,108
Capital outlay - 196,192 - 196,192
Total expenditures 213,348 16,498 14,182 199,166

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (92,068) 52,822 54,195 146,263
OTHER FINANCING (USES):

Transfers out (548) (366) (366) -
Total other financing (uses) (366) (548) (366) -
NET CHANGE IN FUND BALANCE $ (92,434) 52,274 $ 53,829 146,263 $ FUND BALANCE:

Beginning of year 242,576
End of year $ 296,405
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Air Quality Special Revenue Fund
For the Year Ended June 30, 2021
141
Item #13. Page 162
Meeting Date: 1/11/2022 / Packet Page #: 381
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 209,000 $ 248,000 $ 43,586 $ (204,414) Use of money and property 810 - - -
Total revenues 248,000 209,810 43,586 (204,414)
EXPENDITURES:

Current:

Community services 41,658 41,658 5,950 35,708
Total expenditures 41,658 41,658 5,950 35,708
NET CHANGE IN FUND BALANCE $ 206,342 168,152 $ 37,636 (168,706) $ FUND BALANCE (DEFICIT):

Beginning of year (45,124)
End of year $ (7,488)
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Prop A Operations Special Revenue Fund
For the Year Ended June 30, 2021
142
Item #13. Page 163
Meeting Date: 1/11/2022 / Packet Page #: 382
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property $ 28,800 $ 20,800 $ (8,843) $ (29,643) Total revenues 20,800 28,800 (8,843) (29,643)
EXPENDITURES:

Current:

General government 34,815 35,510 36,101 (591)
Community services - 314,511 314,443 68
Public works 71,643 71,643 71,132 511
Total expenditures 421,664 106,458 421,676 (12)

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (400,864) (77,658) (430,519) (29,655) OTHER FINANCING (USES):

Transfers out (12,803) (10,337) (10,337) -
Total other financing (uses) (10,337) (12,803) (10,337) - NET CHANGE IN FUND BALANCE $ (411,201) (90,461) $ (440,856) (29,655) $ FUND BALANCE:

Beginning of year 1,643,860
End of year $ 1,203,004
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Affordable Housing Special Revenue Fund
For the Year Ended June 30, 2021
143
Item #13. Page 164
Meeting Date: 1/11/2022 / Packet Page #: 383
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property $ 675 $ 675 $ (22) $ (697)
Total revenues 675 675 (22) (697)
NET CHANGE IN FUND BALANCE $ 675 675 $ (22) (697) $
FUND BALANCE:

Beginning of year 240,130
End of year $ 240,108
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual CAL Home Prop 1C Special Revenue Fund
For the Year Ended June 30, 2021
144
Item #13. Page 165
Meeting Date: 1/11/2022 / Packet Page #: 384
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property $ - $ 500 $ (18) $ (518)
Total revenues 500 - (18) (518)
NET CHANGE IN FUND BALANCE $ 500 - $ (18) (518) $
FUND BALANCE:

Beginning of year 39,736
End of year $ 39,718
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Proposition 1B Local Streets Special Revenue Fund
For the Year Ended June 30, 2021
145
Item #13. Page 166
Meeting Date: 1/11/2022 / Packet Page #: 385
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 1,120,000 $ 1,120,000 $ - $ (1,120,000) Use of money and property 2,880 2,880 (102) (2,982)
Total revenues 2,880 2,880 (102) (2,982)
EXPENDITURES:

Capital outlay 1,405,000 1,405,000 - 1,405,000
Total expenditures 1,405,000 1,405,000 - 1,405,000

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (1,402,120) (1,402,120) (102) 1,402,018 OTHER FINANCING (USES):

Transfers in 285,000 285,000 (285,000) -
Total other financing (uses) 285,000 285,000 - (285,000) NET CHANGE IN FUND BALANCE $ (1,117,120) (1,117,120) $ (102) 1,117,018 $ FUND BALANCE:

Beginning of year 214,539
End of year $ 214,437
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Surface Transportation Program Special Revenue Fund
For the Year Ended June 30, 2021
146
Item #13. Page 167
Meeting Date: 1/11/2022 / Packet Page #: 386
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property $ 6,750 $ 6,750 $ (162) $ (6,912) Miscellaneous 116,000 116,000 107,931 (8,069)
Total revenues 122,750 122,750 107,769 (14,981)
EXPENDITURES:

Current:

General government 84,700 84,700 69,472 15,228
Capital outlay 10,000 35,445 35,114 331
Total expenditures 120,145 94,700 104,586 15,559
NET CHANGE IN FUND BALANCE $ 2,605 28,050 $ 3,183 578 $ FUND BALANCE:

Beginning of year 479,671
End of year $ 482,854
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual PEG Cable TV Special Revenue Fund
For the Year Ended June 30, 2021
147
Item #13. Page 168
Meeting Date: 1/11/2022 / Packet Page #: 387
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 615,172 $ 615,172 $ 653,299 $ 38,127 Use of money and property 8,280 8,280 2,770 (5,510)
Total revenues 623,452 623,452 656,069 32,617
EXPENDITURES:

Current:

Community services 12,824 12,824 6,280 6,544
Public works 535,694 535,694 396,087 139,607
Capital outlay - 100,000 66,960 33,040
Total expenditures 648,518 548,518 469,327 179,191

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (25,066) 74,934 186,742 211,808
OTHER FINANCING (USES):

Transfers out (58,050) (38,874) (38,874) -
Total other financing (uses) (38,874) (58,050) (38,874) - NET CHANGE IN FUND BALANCE $ (63,940) 16,884 $ 147,868 211,808 $ FUND BALANCE:

Beginning of year 433,815
End of year $ 581,683
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Measure R Special Revenue Fund
For the Year Ended June 30, 2021
148
Item #13. Page 169
Meeting Date: 1/11/2022 / Packet Page #: 388
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 12,000 $ 12,000 $ 13,089 $ 1,089
Use of money and property 630 630 (326) (956)
Total revenues 12,630 12,630 12,763 133
EXPENDITURES:

Current:

Public works 12,000 12,000 13,281 (1,281)
Total expenditures 12,000 12,000 13,281 (1,281)
NET CHANGE IN FUND BALANCE $ 630 630 $ (518) (1,148) $
FUND BALANCE:

Beginning of year 60,514
End of year $ 59,996
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Beverage Recycling Grant Special Revenue Fund
For the Year Ended June 30, 2021
149
Item #13. Page 170
Meeting Date: 1/11/2022 / Packet Page #: 389
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 24,000 $ 30,638 $ 25,638 $ (5,000)
Contributions 23,000 166,385 100,822 (65,563)
Total revenues 197,023 47,000 126,460 (70,563)
EXPENDITURES:

Current:

Library 40,235 204,175 134,532 69,643
Capital outlay - 2,000 2,445 (445)
Total expenditures 206,175 40,235 136,977 69,198
NET CHANGE IN FUND BALANCE $ (9,152) 6,765 $ (10,517) (1,365) $ FUND BALANCE:

Beginning of year 20,079
End of year $ 9,562
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Library Grant Special Revenue Fund
For the Year Ended June 30, 2021
150
Item #13. Page 171
Meeting Date: 1/11/2022 / Packet Page #: 390
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Taxes $ 54,800 $ 54,800 $ 46,623 $ (8,177)
Charges for services 45,000 45,000 - (45,000)
Use of money and property 500 1,200 244 (956)
Miscellaneous 300 300 - (300)
Total revenues 101,300 100,600 46,867 (54,433)
EXPENDITURES:

Current:

General government 100,600 100,600 26,367 74,233
Total expenditures 100,600 100,600 26,367 74,233
NET CHANGE IN FUND BALANCE $ 700 - $ 20,500 19,800 $
FUND BALANCE:

Beginning of year 95,987
End of year $ 116,487
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Glendora Village Business Improvement District Special Revenue Fund For the Year Ended June 30, 2021
151
Item #13. Page 172
Meeting Date: 1/11/2022 / Packet Page #: 391
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ - $ 105,643 $ 90,044 $ (15,599)
Total revenues 105,643 - 90,044 (15,599)
EXPENDITURES:

Current:

Public safety - 105,643 62,730 42,913
Total expenditures 105,643 - 62,730 42,913
NET CHANGE IN FUND BALANCE $ - - $ 27,314 27,314 $
FUND BALANCE (DEFICIT):

Beginning of year (27,883)
End of year $ (569)
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Step OTS Grant Special Revenue Fund
For the Year Ended June 30, 2021
152
Item #13. Page 173
Meeting Date: 1/11/2022 / Packet Page #: 392
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Charges for services $ 69,000 $ 81,500 $ 119,698 $ 38,198 Use of money and property - - (11,233) (11,233)
Miscellaneous - - 55,665 55,665
Total revenues 81,500 69,000 164,130 82,630
EXPENDITURES:

Current:

Public works 133,000 131,300 38,287 93,013
Capital outlay - 113,397 - 113,397
Total expenditures 244,697 133,000 38,287 206,410

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (163,197) (64,000) 125,843 289,040 OTHER FINANCING (USES):

Transfers out - (3,000) (2,748) 252
Total other financing (uses) (3,000) - (2,748) 252
NET CHANGE IN FUND BALANCE $ (166,197) (64,000) $ 123,095 289,292 $ FUND BALANCE:

Beginning of year 741,817
End of year $ 864,912
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Plan Maintenance Fees Special Revenue Fund
For the Year Ended June 30, 2021
153
Item #13. Page 174
Meeting Date: 1/11/2022 / Packet Page #: 393
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Use of money and property $ 1,980 $ 1,980 $ 35,718 $ 33,738 Total revenues 1,980 1,980 35,718 33,738
NET CHANGE IN FUND BALANCE $ 1,980 1,980 $ 35,718 33,738 $ FUND BALANCE:

Beginning of year 2,850,754
End of year $ 2,886,472
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Home-State Grant Special Revenue Fund
For the Year Ended June 30, 2021
154
Item #13. Page 175
Meeting Date: 1/11/2022 / Packet Page #: 394
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental revenue $ - $ - $ 169,211 $ 169,211
Charges for services - - 5,000 5,000
Use of money and property 30,600 27,600 101,975 74,375
Total revenues 27,600 30,600 276,186 248,586
EXPENDITURES:

Current:

General government 65,968 67,348 58,219 9,129
Public works 168,489 172,113 79,899 92,214
Total expenditures 239,461 234,457 138,118 101,343

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (211,861) (203,857) 138,068 349,929 OTHER FINANCING (USES):

Transfers out (22,052) (17,832) (17,832) -
Total other financing (uses) (17,832) (22,052) (17,832) - NET CHANGE IN FUND BALANCE $ (229,693) (225,909) $ 120,236 349,929 $ FUND BALANCE:

Beginning of year 6,949,435
End of year $ 7,069,671
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Housing Authority Special Revenue Fund
For the Year Ended June 30, 2021
155
Item #13. Page 176
Meeting Date: 1/11/2022 / Packet Page #: 395
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ - $ 220,660 $ 424 $ (220,236)
Use of money and property - - (5) (5)
Total revenues 220,660 - 419 (220,241)
EXPENDITURES:

Capital outlay - 220,660 619 220,041
Total expenditures 220,660 - 619 220,041
NET CHANGE IN FUND BALANCE $ - - $ (200) (200) $
FUND BALANCE:

Beginning of year 154
End of year $ (46)
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Highway Bridge Repair Special Revenue Fund
For the Year Ended June 30, 2021
156
Item #13. Page 177
Meeting Date: 1/11/2022 / Packet Page #: 396
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 697,122 $ 697,122 $ 740,211 $ 43,089 Use of money and property 6,300 12,300 (1,914) (14,214) Total revenues 709,422 703,422 738,297 28,875
EXPENDITURES:

Current:

Community services 284,708 359,915 254,472 105,443
Capital outlay - 1,066,149 622,814 443,335
Total expenditures 1,426,064 284,708 877,286 548,778

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (716,642) 418,714 (138,989) 577,653 OTHER FINANCING (USES):

Transfers out (2,727) (311,909) (11,909) 300,000
Total other financing (uses) (311,909) (2,727) (11,909) 300,000 NET CHANGE IN FUND BALANCE $ (1,028,551) 415,987 $ (150,898) 877,653 $ FUND BALANCE:

Beginning of year 1,151,656
End of year $ 1,000,758
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Measure M Special Revenue Fund
For the Year Ended June 30, 2021
157
Item #13. Page 178
Meeting Date: 1/11/2022 / Packet Page #: 397
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 895,802 $ 930,168 $ 965,246 $ 35,078 Use of money and property 2,880 20,880 7,255 (13,625)
Total revenues 951,048 898,682 972,501 21,453
EXPENDITURES:

Capital outlay 910,000 2,022,312 257,134 1,765,178
Total expenditures 2,022,312 910,000 257,134 1,765,178
NET CHANGE IN FUND BALANCE $ (1,071,264) (11,318) $ 715,367 1,786,631 $ FUND BALANCE:

Beginning of year 1,554,228
End of year $ 2,269,595
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Road Maintenance Rehabilitation Special Revenue Fund
For the Year Ended June 30, 2021
158
Item #13. Page 179
Meeting Date: 1/11/2022 / Packet Page #: 398
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ - $ 250,000 $ (250,000) - $
Total revenues 250,000 - - (250,000)
EXPENDITURES:

Capital outlay - 550,000 32,981 517,019
Total expenditures 550,000 - 32,981 517,019

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (300,000) - (32,981) 267,019
OTHER FINANCING SOURCES:

Transfers in - 300,000 - (300,000)
NET CHANGE IN FUND BALANCE $ - - $ (32,981) (32,981) $
FUND BALANCE (DEFICIT):

Beginning of year -
End of year $ (32,981)
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Highway Safety Improvement Program Special Revenue Fund (HSIP) For the Year Ended June 30, 2021
159
Item #13. Page 180
Meeting Date: 1/11/2022 / Packet Page #: 399
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ 846,000 $ 846,000 $ 889,648 $ 43,648 Use of money and property - - 7,743 7,743
Total revenues 846,000 846,000 897,391 51,391
EXPENDITURES:

Current:

Public works - 291,028 146,081 144,947
Capital outlay 156,528 - - -
Total expenditures 291,028 156,528 146,081 144,947
NET CHANGE IN FUND BALANCE $ 554,972 689,472 $ 751,310 196,338 $ FUND BALANCE:

Beginning of year (93,136)
End of year $ 658,174
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Measure W Special Revenue Fund
For the Year Ended June 30, 2021
160
Item #13. Page 181
Meeting Date: 1/11/2022 / Packet Page #: 400
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Intergovernmental $ - $ 520,700 $ 217,799 $ (302,901)
Total revenues 520,700 - 217,799 (302,901)
EXPENDITURES:

Current:

Community Services - 490,945 338,003 152,942
Total expenditures 490,945 - 338,003 152,942
NET CHANGE IN FUND BALANCE $ 29,755 - $ (120,204) (149,959) $ FUND BALANCE:

Beginning of year (29,755)
End of year $ (149,959)
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Measure H Special Revenue Fund
For the Year Ended June 30, 2021
161
Item #13. Page 182
Meeting Date: 1/11/2022 / Packet Page #: 401
Original Final Variance with
Budget Budget Actual Final Budget
REVENUES:

Charges for services - - $ 96,798 $ 96,798
Total revenues - - 96,798 96,798
NET CHANGE IN FUND BALANCE $ - - $ 96,798 96,798 $
FUND BALANCE:

Beginning of year 503,413
End of year $ 600,211
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual General Plan Maintenance Fees Special Revenue Fund
For the Year Ended June 30, 2021
162
Item #13. Page 183
Meeting Date: 1/11/2022 / Packet Page #: 402
Original Final Variance with
Budget Budget Actual Final Budget
EXPENDITURES:

Debt service:

Principal retirement $ 67,821 $ 67,821 $ 67,822 $ (1)
Interest and fiscal charges 17,198 17,198 17,197 1
Total expenditures 85,019 85,019 85,019 -
OTHER FINANCING SOURCES:

Transfers in 85,019 85,019 85,019 -
NET CHANGE IN FUND BALANCE $ - - $ - - $
FUND BALANCE:

Beginning of year 15,382
End of year $ 15,382
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Energy Efficiency Project Debt Service Fund
For the Year Ended June 30, 2021
163
Item #13. Page 184
Meeting Date: 1/11/2022 / Packet Page #: 403
Original Final Variance with
Budget Budget Actual Final Budget
EXPENDITURES:

Debt service:

Principal retirement $ 1,470,000 $ 1,208,210 $ 1,208,210 $ - Interest and fiscal charges 1,606,003 1,320,367 1,321,018 (651) Total expenditures 2,528,577 3,076,003 2,529,228 (651)
OTHER FINANCING SOURCES:

Transfers in 3,076,003 2,528,577 2,528,577 -
Total other financing sources 2,528,577 3,076,003 2,528,577 - NET CHANGE IN FUND BALANCE $ - - $ (651) (651) $
FUND BALANCE:

Beginning of year 37,887
End of year $ 37,236
City of Glendora
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Pension Obligation Bonds Debt Service Fund
For the Year Ended June 30, 2021
164
Item #13. Page 185
Meeting Date: 1/11/2022 / Packet Page #: 404
Internal Service Funds
Workers' Compensation Self-Insurance Fund – Establishes an insurance reserve for workers' compensation benefit claims against the City and receives its funding through workers' compensation insurance premiums charged to City departments.

General Liability Self-Insurance Fund – Establishes an insurance reserve for liability claims against the City and receives its funding through liability insurance premiums charged to City departments.

Vehicles Fund – Acquires and maintains vehicles and rolling stock used by City departments. Costs are recovered by “leasing” the vehicle to the requesting department for a monthly payment equal to the straight line depreciation charge over the life of the vehicle.

Technology Fund – Acquires equipment, hardware and software for City departments. Costs are recovered by “leasing” the equipment to the requesting department for a monthly payment equal to the straight line depreciation charge over the life of the equipment.
165
Item #13. Page 186
Meeting Date: 1/11/2022 / Packet Page #: 405
Workers' General
Compensation Liability
Self-Insurance Self-Insurance Vehicles
ASSETS
Current Assets:

Cash and investments 2,512,648 $ 2,771,816 $ 2,921,651 $ Total current assets 2,771,816 2,512,648 2,921,651
Noncurrent assets:

Capital assets:

Capital assets being depreciated, net of accumulated depreciation - - 1,932,108 Total capital assets, net - - 1,932,108
Total noncurrent assets - - 1,932,108
Total assets 2,771,816 2,512,648 4,853,759

DEFERRED OUTFLOWS OF RESOURCES
Other postemployment benefits related items 18,389 15,144 14,332 Pensions related items 33,341 27,457 25,987
Total deferred outflows of resources 42,601 51,730 40,319

LIABILITIES
Current liabilities:

Accounts payable 114 4,048 225,595
Accrued liabilities 8,748 8,808 8,651
Accrued Interest 865 681 947
Compensated absences, due within one year 8,047 7,825 4,976 Claims and judgments, due within one year 2,928,114 1,662,195 - Bonds payable, due within one year 16,066 12,634 17,574 Total current liabilities 1,696,191 2,961,954 257,743
Noncurrent liabilities:

Bonds payable, due in more than one year 387,143 304,438 423,462 Claims and judgments, due in more than one year 1,905,427 981,904 - Net other postemployment benefits liability 165,669 136,433 129,124 Net pension liability 27,661 22,780 21,560
Total noncurrent liabilities 1,445,555 2,485,900 574,146 Total liabilities 3,141,746 5,447,854 831,889

DEFERRED INFLOWS OF RESOURCES
Other postemployment benefits related items 34,362 28,299 26,782 Total deferred inflows of resources 28,299 34,362 26,782

NET POSITION (DEFICIT)
Investment in capital assets - - 1,932,108
Unrestricted (deficit) (2,917,838) (355,628) 2,103,299
Total net position (deficit) $ (2,917,838) $ (355,628) $ 4,035,407 City of Glendora
Combining Statement of Net Position
Internal Service Funds
June 30, 2021
Governmental Activities - Internal Service Funds
166
Item #13. Page 187
Meeting Date: 1/11/2022 / Packet Page #: 406
Technology Total
ASSETS
Current Assets:

Cash and investments $ 12,446,089 4,239,974 $
Total current assets 12,446,089 4,239,974
Noncurrent assets:

Capital assets:

Capital assets being depreciated, net of accumulated depreciation 341,539 2,273,647 Total capital assets, net 2,273,647 341,539
Total noncurrent assets 2,273,647 341,539
Total assets 14,719,736 4,581,513

DEFERRED OUTFLOWS OF RESOURCES
Other postemployment benefits related items 74,502 122,367 Pensions related items 221,866 135,081
Total deferred outflows of resources 209,583 344,233

LIABILITIES
Current liabilities:

Accounts payable 229,059 458,816
Accrued liabilities 42,502 68,709
Accrued Interest 3,045 5,538
Compensated absences, due within one year 32,462 53,310 Claims and judgments, due within one year - 4,590,309
Bonds payable, due within one year 56,538 102,812
Total current liabilities 5,279,494 363,606
Noncurrent liabilities:

Bonds payable, due in more than one year 1,362,357 2,477,400 Claims and judgments, due in more than one year - 2,887,331 Net other postemployment benefits liability 671,201 1,102,427 Net pension liability 184,070 112,069
Total noncurrent liabilities 6,651,228 2,145,627
Total liabilities 11,930,722 2,509,233

DEFERRED INFLOWS OF RESOURCES
Other postemployment benefits related items 139,218 228,661 Total deferred inflows of resources 228,661 139,218

NET POSITION (DEFICIT)
Investment in capital assets 2,273,647 341,539
Unrestricted (deficit) 630,939 1,801,106
Total net position (deficit) $ 2,904,586 2,142,645 $
Service Funds
City of Glendora
Combining Statement of Net Position (Continued)
Internal Service Funds
June 30, 2021
Governmental Activities - Internal
167
Item #13. Page 188
Meeting Date: 1/11/2022 / Packet Page #: 407
Workers' General
Compensation Liability
Self-Insurance Self-Insurance Vehicles
OPERATING REVENUES:

Interdepartmental charges 896,533 $ 2,126,369 $ 1,123,982 $ Total operating revenues 2,126,369 896,533 1,123,982
OPERATING EXPENSES:

Personnel costs 210,855 177,530 151,954
Contractual services and supplies 351,794 1,343,159 523,964 Claims expense 289,491 1,026,378 -
Depreciation expense - - 776,517
Total operating expenses 2,547,067 852,140 1,452,435
OPERATING INCOME (EXPENSE) (420,698) 44,393 (328,453)
NONOPERATING EXPENSES:

Interest expense (11,424) (8,983) (12,496)
Intergovernmental revenue - - -
Total nonoperating expenses (8,983) (11,424) (12,496)
TRANSFERS:

Transfers in 601,871 - -
Transfers out - - -
Total transfers 601,871 - -
CHANGE IN NET POSITION 172,190 32,969 (340,949)
NET POSITION:

Beginning of the year (2,950,807) (527,818) 4,376,356
End of the year $ (2,917,838) $ (355,628) $ 4,035,407
City of Glendora
Combining Statement of Revenues, Expenses, and Changes in Net Position Internal Service Funds
For the Year Ended June 30, 2021
Governmental Activities - Internal Service Funds
168
Item #13. Page 189
Meeting Date: 1/11/2022 / Packet Page #: 408
Technology Total
OPERATING REVENUES:

Interdepartmental charges $ 6,476,423 2,329,539 $
Total operating revenues 6,476,423 2,329,539
OPERATING EXPENSES:

Administration and general 1,023,879 1,564,218
Cost of sales and services 3,407,038 1,188,121
Claims expense 1,315,869 -
Depreciation expense 879,214 102,697
Total operating expenses 7,166,339 2,314,697
OPERATING EXPENSE (689,916) 14,842
NONOPERATING EXPENSES:

Interest expense (73,103) (40,200)
Intergovernmental revenue 214,878 214,878
Total nonoperating expenses 141,775 174,678
TRANSFERS:

Transfers in 2,407,484 1,805,613
Transfers out - -
Total transfers 2,407,484 1,805,613
CHANGE IN NET POSITION 1,859,343 1,995,133
NET POSITION:

Beginning of the year 1,045,243 147,512
End of the year $ 2,904,586 2,142,645 $
Service Funds
City of Glendora
Combining Statement of Revenues, Expenses, and Changes in Net Position (Continued) Internal Service Funds
For the Year Ended June 30, 2021
Governmental Activities - Internal
169
Item #13. Page 190
Meeting Date: 1/11/2022 / Packet Page #: 409
Workers' General
Compensation Liability
Self-Insurance Self-Insurance Vehicles
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash receipts from customers and users 896,533 $ 2,126,369 $ 1,123,982 $ Cash paid to suppliers for goods and services (352,025) (1,351,955) (356,129) Cash paid to employees for services (174,696) (137,039) (164,037) Cash paid for insurance or claims (424,489) (538,426) - Net cash provided by (used in) operating activities 98,949 (54,677) 603,816

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Intergovernmental grant received - - -
Principal paid on pension obligation bonds (9,677) (7,609) (10,585) Interest paid on pension obligation bonds (10,559) (8,302) (11,549) Transfer In - 601,871 -
Net cash provided by (used in) noncapital financing activities 585,960 (20,236) (22,134)

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Acquisition of capital assets - - (318,608)
Net cash (used in) capital and related financing activities - - (318,608) Net increase (decrease) in cash and cash equivalents 684,909 (74,913) 263,074 CASH AND CASH EQUIVALENTS:

Beginning of year 2,086,907 2,587,561 2,658,577
End of year $ 2,771,816 2,512,648 $ 2,921,651 $

RECONCILIATION OF OPERATING INCOME (LOSS) TO
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITES:

Operating income/(loss) 44,393 $ (420,698) $ (328,453) $ Adjustments to reconcile operating income (loss) to net cash provided by (used in) operating activities:

Depreciation - - 776,517
Change in assets and liabilities:
(Increase) decrease in pension related deferred outflows of resources 403,348 318,890 445,915 (Increase) decrease in OPEB related deferred outflows of resources (14,073) (11,749) (9,699) Increase (decrease) in accounts payable (231) (8,796) 167,835 Increase (decrease) in accrued liabilities 1,418 4,799 4,296 Increase (decrease) in compensated absences 3,417 4,360 1,505 Increase (decrease) in claims payable 487,952 (134,998) - Increase (decrease) in net OPEB liability 22,879 24,091 (24,165) Increase (decrease) in net pension liability (366,818) (290,089) (404,728) Increase (decrease) in OPEB related deferred inflows of resources (5,932) (3,403) (16,475) Increase (decrease) in pension related deferred inflows of resources (8,080) (6,408) (8,732) Total adjustments (99,070) 519,647 932,269
Net cash provided by (used in) operating activities $ 98,949 (54,677) $ 603,816 $ City of Glendora
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2021
Governmental Activities - Internal Service Funds
170
Item #13. Page 191
Meeting Date: 1/11/2022 / Packet Page #: 410
Technology Total
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash receipts from customers and users 2,329,539 $ 6,476,423 $ Cash paid to suppliers for goods and services (1,064,655) (3,124,764) Cash paid to employees for services (801,455) (1,277,227) Cash paid for insurance or claims (962,915) -
Net cash provided by (used in) operating activities 1,111,517 463,429

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Intergovernmental grant received 214,878 214,878
Principal paid on pension obligation bonds (34,053) (61,924) Interest paid on pension obligation bonds (37,155) (67,565) Transfer In 1,805,613 2,407,484
Net cash provided by (used in) noncapital financing activities 2,492,873 1,949,283

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Acquisition of capital assets (448,691) (130,083)
Net cash (used in) capital and related financing activities (448,691) (130,083) Net increase (decrease) in cash and cash equivalents 3,155,699 2,282,629 CASH AND CASH EQUIVALENTS:

Beginning of year 9,290,390 1,957,345
End of year $ 12,446,089 4,239,974 $

RECONCILIATION OF OPERATING LOSS TO
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITES:

Operating loss $ (689,916) 14,842 $
Adjustments to reconcile operating loss to net cash
provided by (used in) operating activities:

Depreciation 879,214 102,697
Change in assets and liabilities:
(Increase) decrease in pension related deferred outflows of resources 1,411,450 2,579,603 (Increase) decrease in OPEB related deferred outflows of resources (59,270) (94,791) Increase (decrease) in accounts payable 123,466 282,274 Increase (decrease) in accrued liabilities 11,342 21,855 Increase (decrease) in compensated absences 8,252 17,534 Increase (decrease) in claims payable 352,954 -
Increase (decrease) in net OPEB liability 167,236 190,041 Increase (decrease) in net pension liability (1,284,975) (2,346,610) Increase (decrease) in OPEB related deferred inflows of resources (2,996) (28,806) Increase (decrease) in pension related deferred inflows of resources (28,615) (51,835) Total adjustments 1,801,433 448,587
Net cash provided by (used in) operating activities $ 1,111,517 463,429 $ Service Funds
City of Glendora
Combining Statement of Cash Flows (Continued)
Internal Service Funds
For the Year Ended June 30, 2021
Governmental Activities - Internal
171
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172
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Meeting Date: 1/11/2022 / Packet Page #: 412

STATISTICAL SECTION
173
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Contents: Pages
176 - 185
186 - 195
196 - 202
203 - 207
208 - 211
This part of the City of Glendora's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information say about the government's overall financial health.

City of Glendora
Description of Statistical Section Contents
Financial Trends - These schedules contain trend information to help the reader understand how the City's financial performance and well-being have changed over time.

Revenue Capacity - These schedules contain information to help the reader assess the City's most significant local revenue source, the property tax.

Debt Capacity - These schedules present information to help the reader assess the affordability of the City's current level of outstanding debt and the City's ability to issue additional debt in the future.

Demographic and Economic Information - These schedules offer demographics and economic indicators to help the reader understand the environment within which the City's financial activities take place.

Operating Information - These schedules contain service and infrastructure data to help the reader understand how the information in the City's financial report related to the services the City provides and activities it performs.
175
Item #13. Page 196
Meeting Date: 1/11/2022 / Packet Page #: 415
2021 2020 2019 2018 2017
Governmental activities:

Net Investment in Capital Assets 75,244,307 $ 78,173,973 $ 81,116,968 $ 81,015,708 $ 80,916,032 $ Restricted 23,229,677 21,659,671 20,354,676 19,234,970 17,975,891 Unrestricted (10,315,020) (19,693,431) (20,132,818) (18,774,514) (13,796,308) Total Governmental Activities Net Position 88,158,964 80,140,213 81,338,826 81,476,164 85,095,615 Business-type activities:

Net Investment in Capital Assets 58,431,708 57,724,416 54,883,183 52,520,608 48,714,652 Restricted - - - - -
Unrestricted 26,281,751 19,608,775 15,789,051 13,766,315 10,071,948 Total Business-type Activities Net Position 84,713,459 77,333,191 70,672,234 66,286,923 58,786,600 Primary government:

Net Investment in Capital Assets 133,676,015 135,898,389 136,000,151 133,536,316 129,630,684 Restricted 23,229,677 21,659,671 20,354,676 19,234,970 17,975,891 Unrestricted 15,966,731 (84,656) (4,343,767) (5,008,199) (3,724,360) Total Primary Government Net Position 172,872,423 $ 157,473,404 $ 152,011,060 $ 147,763,087 $ 143,882,215 $ *2017 and 2020 balances were restated due to implementation of GASB 75 and GASB 84, respectively.

Source: City of Glendora Finance Divison
For the Fiscal Year Ended June 30
City of Glendora
Schedule 1
Net Positions by Component
Last Ten Fiscal Years
(accrual basis of accounting)
176
Item #13. Page 197
Meeting Date: 1/11/2022 / Packet Page #: 416
2016 2015 2014 2013 2012
Governmental activities:

Net Investment in Capital Assets 80,759,598 $ 82,607,111 $ 84,644,162 $ 84,638,194 $ 84,034,550 $ Restricted 9,064,643 9,040,134 7,122,848 6,548,880 8,011,564 Unrestricted 42,995 (2,140,148) 28,148,231 27,361,154 26,187,031 Total Governmental Activities Net Position 89,867,236 89,507,097 119,915,241 118,548,228 118,233,145 Business-type activities:

Net Investment in Capital Assets 43,435,123 37,849,278 30,977,074 26,681,364 21,446,877 Restricted - - - - -
Unrestricted 13,893,434 14,837,948 24,042,550 22,401,234 24,484,177 Total Business-type Activities Net Position 57,328,557 52,687,226 55,019,624 49,082,598 45,931,054 Primary government:

Net Investment in Capital Assets 124,194,721 120,456,389 115,621,236 111,319,558 105,481,427 Restricted 9,064,643 9,040,134 7,122,848 6,548,880 8,011,564 Unrestricted 13,936,429 12,697,800 52,190,781 49,762,388 50,671,208 Total Primary Government Net Position 147,195,793 $ 142,194,323 $ 174,934,865 $ 167,630,826 $ 164,164,199 $ Source: City of Glendora Finance Division
For the Fiscal Year Ended June 30
City of Glendora
Schedule 1
Net Positions by Component (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
177
Item #13. Page 198
Meeting Date: 1/11/2022 / Packet Page #: 417
2021 2020 2019 2018 2017
Expenses:

Government activities:

General government $ 3,593,105 $ 3,188,875 $ 3,846,437 $ 3,561,244 $ 3,206,125 Public safety 22,907,854 22,278,483 19,982,668 18,914,850 17,981,945 Community services 5,512,703 4,561,914 7,149,670 7,494,693 5,938,690 Library 2,512,957 2,307,377 2,404,506 2,283,735 2,117,089 Public Works 11,221,659 12,775,567 8,015,177 8,052,948 7,394,070 Interest on long-term debt 1,416,548 1,793,074 134,211 173,515 214,084 Total governmental activities expenses $ 46,959,246 $ 47,110,870 $ 41,532,669 $ 40,480,985 $ 36,852,003 Business-type activities:

Water $ 17,488,497 $ 16,410,112 $ 15,806,731 $ 13,349,460 $ 12,581,983 Golf Course Fund - - - - -
Transit - - - 1,878,580 -
La Fetra Rental - - - 54,161 39,066
Total business-type activities expenses $ 17,488,497 $ 16,410,112 $ 15,806,731 $ 13,403,621 $ 14,499,629 Total primary government expenses $ 64,447,743 $ 63,520,982 $ 57,339,400 $ 53,884,606 $ 51,351,632 Program revenues:

Governmental activities:

Charges for services:

General government $ 388,634 $ 416,908 $ 569,552 $ 572,351 $ 466,178 Public safety 416,018 404,378 572,711 599,103 633,184
Community services 1,560,560 1,609,400 2,070,452 1,953,506 2,742,840 Library 21,727 1,357 35,300 39,741 41,280
Public works 3,440,111 3,183,529 3,034,657 2,910,694 3,235,083 Operating grants and contributions
General government 526,716 79,204 83,786 89,060 34,935
Public safety 965,760 1,185,504 1,815,627 884,662 1,935,370 Community services 1,293,305 277,549 586,356 665,185 172,558 Library 123,107 126,460 169,773 91,610 103,835
Public works 3,369,880 3,065,878 2,990,741 2,783,609 1,867,573 Capital grants and contributions
General government - - - - -
Public safety 83,911 - - 110,288 -
Community services 107,931 155,975 125,001 366,306 117,251 Library - - - - -
Public works 1,940,005 1,078,001 1,240,235 489,025 305,334 Total governmental activities program revenues 14,344,841 $ $ 11,476,967 $ 13,294,191 $ 11,444,852 $ 11,765,709 Business-type activities:

Charges for services:

Water $ 24,422,013 $ 21,896,939 $ 19,250,862 $ 20,783,257 $ 17,733,728 Golf Course Fund - - - - -
Transit - - - - 93,694
La Fetra Rental - - - 49,671 46,712
Operating grants and contributions - - - - -
Capital grants and contributions - - - - -
Total Business-type activities program revenues 24,422,013 $ $ 21,896,939 $ 19,250,862 $ 20,832,928 $ 17,874,134 Total primary governmental program revenues 38,766,854 $ $ 33,373,906 $ 32,545,053 $ 32,277,780 $ 29,639,843 Net (expense)/revenue:

Governmental activities $ (32,614,405) $ (35,633,903) $ (28,238,478) $ (29,036,133) $ (25,086,294) Business-type activities 6,933,516 5,486,827 3,444,131 7,429,307 3,374,505 Total primary government net expense $ (25,680,889) $ (30,147,076) $ (24,794,347) $ (21,606,826) $ (21,711,789) For the Fiscal Year Ended June 30
City of Glendora
Schedule 2
Changes in Net Position
Last Ten Fiscal Years
(Accrual Basis of Accounting)
178
Item #13. Page 199
Meeting Date: 1/11/2022 / Packet Page #: 418
2016 2015 2014 2013 2012
Expenses:

Government activities:

General government $ 2,777,923 $ 3,292,123 $ 2,969,760 $ 3,416,431 $ 3,557,651 Public safety 15,104,625 15,875,629 14,249,107 14,404,531 14,137,301 Community services 5,340,456 5,258,738 4,489,989 4,020,518 3,828,487 Library 2,006,111 2,039,680 2,005,420 1,907,288 2,152,045 Public Works 7,612,105 7,087,686 8,694,912 9,029,928 7,815,373 Interest on long-term debt 257,487 267,476 270,874 379,709 1,277,307 Total governmental activities expenses $ 33,132,276 $ 33,787,763 32,680,062 33,158,405 32,768,164 Business-type activities:

Water $ 11,691,269 $ 13,354,950 12,613,135 12,673,942 12,123,647 Golf Course Fund - - - - -
Transit 1,234,849 969,822 880,929 882,230 1,070,435
La Fetra Rental 25,969 30,876 28,252 29,280 23,114
Total business-type activities expenses $ 12,952,087 14,355,648 13,522,316 13,585,452 13,217,196 Total primary government expenses $ 46,084,363 $ 48,143,411 $ 46,202,378 $ 46,743,857 $ 45,985,360 Program revenues:

Governmental activities:

Charges for services:

General government $ 446,437 $ 430,823 $ 368,396 $ 700,217 $ 445,680 Public safety 952,540 931,274 1,344,894 925,340 912,797 Community services 2,586,038 2,701,952 1,645,726 1,433,844 1,502,354 Library 43,690 43,188 47,498 49,811 42,555
Public works 3,509,766 3,330,194 2,038,711 1,257,672 1,005,136 Operating grants and contributions
General government 35,194 288,296 33,586 36,345 37,089
Public safety 2,298,400 1,657,596 3,553,345 3,143,804 1,785,616 Community services 199,207 36,780 129,293 691,665 544,301 Library 132,276 120,053 107,423 141,854 83,545
Public works 1,582,596 2,430,982 2,061,930 1,719,063 2,146,490 Capital grants and contributions
General government - - - - -
Public safety - - - - -
Community services 54,808 729,277 246,214 161,493 -
Library - - - - -
Public works 163,400 316,714 344,638 547,308 302,869
Total governmental activities program revenues 11,329,557 $ $ 13,691,924 11,921,654 10,808,416 8,808,432 Business-type activities:

Charges for services:

Water $ 15,409,998 $ 16,401,964 $ 18,361,431 $ 15,980,542 $ 14,635,662 Golf Course Fund - - - - -
Transit 26,209 22,269 23,859 22,910 32,770
La Fetra Rental - - - - 2,969
Operating grants and contributions - - - - -
Capital grants and contributions - - - - -
Total Business-type activities program revenues 15,436,207 $ $ 16,424,233 18,385,290 16,003,452 14,671,401 Total primary governmental program revenues 26,765,764 $ $ 30,116,157 $ 30,306,944 $ 26,811,868 $ 23,479,833 Net (expense)/revenue:

Governmental activities $ (21,802,719) $ (20,095,839) $ (20,758,408) $ (22,349,989) $ (23,959,732) Business-type activities 2,484,120 2,068,585 4,862,974 2,418,000 1,454,205 Total primary government net expense $ (19,318,599) (18,027,254) $ (15,895,434) $ (19,931,989) $ (22,505,527) City of Glendora
Schedule 2
Changes in Net Position (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
For the Fiscal Year Ended June 30
179
Item #13. Page 200
Meeting Date: 1/11/2022 / Packet Page #: 419
2021 2020 2019 2018 2017
General revenues and
other changes in net position:

Governmental activities
Taxes:

Property taxes $ 15,108,885 $ 14,021,824 $ 13,347,134 $ 12,574,759 $ 14,399,988 Franchise taxes 2,611,371 2,213,174 2,281,885 2,119,473 2,090,881 Sales taxes 10,258,606 8,895,761 9,030,480 8,955,740 8,368,272 Other taxes 8,477,913 6,754,417 857,629 850,995 1,131,227 Motor vehicle-in-lieu 38,188 41,252 25,298 27,692 23,457 Use of money and property 835,709 2,426,585 2,221,670 721,025 663,555 Miscellaneous 247,575 47,289 205,690 266,278 71,600
Gain (loss) on sale of capital asset 11,593 (9,013) 29,728 Extraordinary Gain/(Loss) on dissolution of
redevelopment agency - - - - -
Transfers 36,646 34,988 119,761 (90,267) (1,101,610)
Total governmental activities 37,614,893 34,435,290 28,101,140 25,416,682 25,677,098 Business-type activities:

Investment earnings (loss) 64,348 1,209,118 1,060,941 (19,251) 22,253 Interest expense - - - - -
Gain/(Loss) on sale of capital assets - - - - 11,774
Miscellaneous - - - - -
Transfers (36,646) (34,988) (119,761) 90,267 1,419,169
Total Business-type activities 27,702 1,174,130 941,180 71,016 1,453,196 Total Primary government 37,642,595 35,609,420 29,042,320 25,487,698 27,130,294 Change in net position:

Governmental activities 5,000,488 (1,198,613) (137,338) (3,619,451) 590,804 Business-type activities 6,961,218 6,660,957 4,385,311 7,500,323 4,827,701 Total primary government $ 11,961,706 $ 5,462,344 $ 4,247,973 $ 3,880,872 $ 5,418,505 Source: City of Glendora Finance Division
For the Fiscal Year Ended June 30
City of Glendora
Schedule 2
Changes in Net Position (Continued)
Last Ten Fiscal Years
(Accrual Basis of Accounting)
180
Item #13. Page 201
Meeting Date: 1/11/2022 / Packet Page #: 420
2016 2015 2014 2013 2012
General revenues and
other changes in net position:

Governmental activities
Taxes:

Property taxes $ 10,848,494 $ 10,679,183 $ 9,750,774 $ 10,618,948 $ 10,596,507 Franchise taxes 2,015,410 2,118,665 1,898,194 1,803,263 1,838,194 Sales taxes 7,742,916 8,538,095 8,098,065 7,861,882 7,406,911 Other taxes 634,507 1,084,233 1,980,701 1,652,975 1,432,225 Motor vehicle-in-lieu 20,764 21,650 22,413 27,082 26,136 Use of property and money 1,408,517 971,643 852,595 666,012 1,315,088 Miscellaneous 765,141 186,333 179,225 689,158 215,857
Gain on sale of capital asset 46,800 566,106 92,677 - - Extraordinary Gain/(Loss) on dissolution of
redevelopment agency - - - 6,837,369 -
Transfers (1,224,614) (769,552) (749,223) (835,266) (1,156,705) Total governmental activities 22,257,935 23,396,356 22,125,421 22,484,054 28,511,582 Business-type activities:

Investment earnings (loss) 441,323 172,449 177,340 39,206 140,648 Interest expense - - - - -
Gain/(Loss) on sale of capital assets 28,856 2,000 - - - Miscellaneous 462,418 247,084 147,489 358,318 15,509
Transfers 1,224,614 769,552 749,223 835,266 1,156,705
Total Business-type activities 2,157,211 1,191,085 1,074,052 1,232,790 1,312,862 Total primary government 24,415,146 24,587,441 $ 23,199,473 $ 23,716,844 $ 29,824,444 Change in net position:

Governmental activities 455,216 3,300,517 $ 1,367,013 $ 134,065 $ 4,551,850 Business-type activities 4,641,331 3,259,670 5,937,026 3,650,790 2,767,067 Total primary government $ 5,096,547 $ 6,560,187 $ 7,304,039 $ 3,784,855 $ 7,318,917 Source: City of Glendora Finance Divison
For the Fiscal Year Ended June 30
City of Glendora
Schedule 2
Changes in Net Position (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
181
Item #13. Page 202
Meeting Date: 1/11/2022 / Packet Page #: 421
For the Fiscal Year Ended June 30
2021 2020 2019 2018 2017
General Fund:

Nonspendable $ 5,960,266 $ 6,608,863 $ 6,500,553 $ 6,416,152 $ 6,339,892 Restricted 116,393 - - - -
Committed 14,153,601 12,994,957 12,813,800 11,981,471 11,980,707 Assigned 9,771,079 5,620,421 2,758,567 2,022,442 2,221,706 Unassigned - - - - -
Total General Fund $ 30,001,339 $ 25,224,241 $ 22,072,920 $ 20,420,065 $ 20,542,305 All Other governmental funds:

Special Revenue Funds
Nonspendable $ - $ - $ - $ - $ -
Restricted 23,060,666 21,565,385 19,905,476 18,758,726 17,949,040 Committed 1,465,123 - - - -
Assigned - - - - -
Unassigned (310,412) (209,549) (93,561) (78,261) (151,766) Total Special Revenue Funds $ 24,215,377 $ 21,355,836 $ 19,811,915 $ 18,680,465 $ 17,797,274 Capital Project Funds:

Nonspendable $ - $ - $ - $ - $ -
Restricted - 301,904 433,377 440,532 -
Committed 14,603,802 9,044,151 - - -
Assigned - 6,876,092 - 7,446,327 7,405,853
Unassigned - - - 1,874,662 -
Total Capital Project Funds $ 14,603,802 $ 9,346,055 $ 7,309,469 $ 7,886,859 $ 9,280,515 Debt Service Funds:

Nonspendable $ 52,618 $ 53,269 $ - $ - $ -
Restricted - - - - -
Committed - - - - -
Assigned - - - - -
Unassigned - - - - -
Total Debt Service Funds $ 52,618 $ 53,269 $ - $ - $ -
Total All Other Governmental Funds $ 38,871,797 $ 30,755,160 $ 27,121,384 $ 26,567,324 $ 27,077,789 GRAND TOTAL - ALL FUND TYPES $ 68,873,136 $ 55,979,401 $ 49,194,304 $ 46,987,389 $ 47,620,094 Notes:

Committed fund balance fluctuates due to the City's policy of transferring excess unallocated fund balance from the prior year to the Capital Projects Fund. The City maintains a contingency reserve in the General Fund equal to 45% of the prior year's expenditures less any extraordinary items.

Source: City of Glendora Finance Division
City of Glendora
Schedule 3
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accouting)
182
Item #13. Page 203
Meeting Date: 1/11/2022 / Packet Page #: 422
2016 2015 2014 2013 2012
General Fund:

Nonspendable $ 6,707,097 $ 6,684,716 $ 5,685,921 $ 5,677,496 $ 5,677,496 Restricted - - - - -
Committed 11,058,005 10,701,873 - - -
Assigned 2,364,249 1,856,857 11,547,640 10,687,784 9,480,673 Unassigned 1,543 - - - -
Total General Fund $ 20,130,894 $ 19,243,446 $ 17,233,561 $ 16,365,280 $ 15,158,169 All Other Governmental Funds:

Special Revenue Funds
Nonspendable $ - $ - $ - $ - $ -
Restricted 9,064,643 9,040,134 7,122,848 6,548,880 8,011,564 Committed - - - - -
Assigned 293,992 - - - -
Unassigned (70,473) (66,223) (2,143,064) (672,009) (396,313) Total Special Revenue Funds $ 9,288,162 $ 8,973,911 $ 4,979,784 $ 5,876,871 $ 7,615,251 Capital Project Funds:

Nonspendable $ - $ - $ - $ - $ -
Restricted - - - - -
Committed - - - - -
Assigned 6,860,828 5,234,355 3,525,993 4,256,682 3,331,105 Unassigned - - - - -
Total Capital Project Funds $ 6,860,828 $ 5,234,355 $ 3,525,993 $ 4,256,682 $ 3,331,105 Debt Service Funds:

Nonspendable $ - $ - $ - $ - $ -
Restricted - - - - -
Committed - - - - -
Assigned - - - - -
Unassigned - - - - -
Total Debt Service Funds $ - $ - $ - $ - $ -
Total All Other Governmental Funds $ 16,148,990 $ 14,208,266 $ 8,505,777 $ 10,133,553 $ 10,946,356 GRAND TOTAL - ALL FUND TYPES $ 36,279,884 $ 33,451,712 $ 25,739,338 $ 26,498,833 $ 26,104,525 Notes:

Committed fund balance fluctuates due to the City's policy of transferring excess unallocated fund balance from the prior year to the Capital Projects Fund. The City maintains a contingency reserve in the General Fund equal to 45% of the prior year's expenditures less any extraordinary items.

Source: City of Glendora Finance Division
For the Fiscal Year ended June 30
City of Glendora
Schedule 3
Fund Balances of Governmental Funds (Continued)
Last Ten Fiscal Years
(modified accrual basis of accouting)
183
Item #13. Page 204
Meeting Date: 1/11/2022 / Packet Page #: 423
2021 2020 2019 2018 2017
Revenues:

Taxes $ 37,611,710 $ 32,959,699 $ 26,123,016 $ 25,329,122 $ 26,436,812 Licenses, Fees and Permits 1,824,644 1,583,745 1,499,759 1,445,308 1,654,897 Intergovernmental 8,811,239 6,379,365 7,981,769 6,113,910 6,100,974 Charges for Services 1,769,622 1,809,397 2,246,014 2,269,061 2,110,926 Use of Money and Property 970,299 2,599,041 2,430,809 902,218 1,851,491 Fines and Forfeitures 269,946 281,788 346,940 390,042 466,809 Contributions 100,822 111,450 168,857 48,824 52,135
Miscellaneous 406,527 178,011 518,050 389,258 247,597
Total Revenues 51,764,809 45,902,496 41,315,214 36,887,743 38,921,641 Expenditures:

Current:

General Government 3,070,814 6,243,444 3,407,120 3,119,432 3,007,924 Public Safety 16,817,629 53,110,813 17,014,925 16,608,693 15,845,722 Community Services 4,242,274 6,504,148 5,889,751 6,255,179 4,942,725 Library 1,992,476 4,367,952 2,114,061 2,036,082 2,037,883 Public Works 8,037,972 14,855,000 4,926,996 5,056,377 5,029,508 Capital Outlay 1,897,519 2,105,262 4,551,363 3,595,792 3,879,233 Debt Service
Principal 2,091,032 2,211,619 726,896 661,934 597,280
Interest 1,368,783 1,663,484 137,891 176,902 217,200
Pass-through Agreement Pmts. - - - - -
Total Expenditures 39,518,499 91,061,722 38,769,003 37,510,391 35,557,475 Excess of Revenues
Over (Under) Expenditures 12,246,310 (45,159,226) 2,546,211 (622,648) 3,364,166 Other Financing
Sources (Uses):

Refunding Bonds Issued - - - - -
Bond Discount - - - - -
Legal Settlement - - - - -
Long Term Debt Issued 52,944,607 - - - -
Contributions to Successor Agency - - - - -
Transfers In 12,576,665 57,798,707 1,729,021 2,134,667 2,886,824 Transfers Out (14,947,503) (58,798,991) (2,089,287) (2,144,724) (4,073,299) Proceeds from sale of land held for resale - - - - -
Total Other Financing
Sources (Uses) (2,370,838) 51,944,323 (360,266) (10,057) (1,186,475) Extraordinary gain/loss on dissolution
of redevelopment agency - - - - -
Net Change in Fund Balances $ 9,875,472 $ 6,785,097 $ 2,185,945 $ (632,705) $ 2,177,691 Debt Service as a Percentage of
Non-Capital Expenditures 9.2% 4.4% 2.5% 2.5% 2.6%
Source: City of Glendora Finance Divison
For the Fiscal Year Ended June 30
City of Glendora
Schedule 4
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
184
Item #13. Page 205
Meeting Date: 1/11/2022 / Packet Page #: 424
2016 2015 2014 2013 2012
Revenues:

Taxes $ 23,042,659 $ 21,943,965 $ 21,568,575 $ 22,073,445 $ 20,854,286 Licenses, Fees and Permits 1,859,085 1,542,685 1,199,102 814,536 675,031 Intergovernmental 6,672,276 10,413,254 6,821,633 6,936,934 5,285,545 Fines and Forfeitures 2,394,498 2,494,750 2,131,373 1,763,332 1,720,295 Charges for Services 1,327,568 941,140 825,217 673,779 1,300,604 Use of Property and Money 588,138 607,617 675,394 693,605 703,662 Contributions 94,742 252,983 - - -
Other Revenues 242,824 266,405 179,525 668,208 437,922
Total Revenues 36,221,790 38,462,799 33,400,819 33,623,839 30,977,345 Expenditures:

Current:

General Government 2,691,357 2,958,579 2,751,260 2,124,640 2,628,669 Public Safety 14,961,779 14,297,422 13,952,149 13,879,293 14,018,111 Community Services 4,337,556 4,545,402 3,823,398 3,653,218 3,774,971 Library 1,898,419 1,866,177 1,877,684 1,815,311 1,898,262 Public Works 4,950,297 4,714,197 6,173,190 6,542,324 5,649,574 Capital Outlay 1,793,205 3,040,674 4,141,212 3,652,529 1,524,221 Debt Service
Principal 532,916 247,223 271,841 293,707 1,167,933
Interest 260,324 507,508 395,000 350,000 1,365,000
Pass-through Agreement Pmts. - - - - 167,221
Total Expenditures 31,425,853 32,177,182 33,385,734 32,311,022 32,193,962 Excess of Revenues
Over (Under) Expenditures 4,795,937 6,285,617 15,085 1,312,817 (1,216,617) Other Financing
Sources (Uses):

Refunding Bonds Issued - - - - -
Bond Discount - - - - -
Legal Settlement - - - - -
Long Term Debt Issued - - - 1,015,000 -
Contributions to Successor Agency - - - (53,701) -
Transfers In 2,098,208 3,444,674 742,810 1,949,511 845,747 Transfers Out (4,065,973) (4,883,306) (1,517,390) (3,835,316) (2,082,420) Proceeds from sale of land held for resale - 575,739 - - - Total Other Financing
Sources (Uses) (1,967,765) (862,893) (774,580) (924,506) (1,236,673) Extraordinary gain/loss on dissolution
of redevelopment agency - - - (13,724,595) -
Net Change in Fund Balances $ 2,828,172 $ 5,422,724 $ (759,495) $ 388,311 $ (16,177,885) Debt Service as a Percentage of
Non-Capital Expenditures 2.7% 2.6% 2.3% 2.2% 8.3%
Notes:

In 2006-07, the City used bond monies and built a Sports Park and infrastructure for a major retail center.

Source: City of Glendora Finance Division
For the Fiscal Year Ended June 30
City of Glendora
Schedule 4
Changes in Fund Balances of Governmental Funds (Continued) Last Ten Fiscal Years
(modified accrual basis of accounting)
185
Item #13. Page 206
Meeting Date: 1/11/2022 / Packet Page #: 425
2020 2019 2018 2017 2016
Apparel Stores $ 16,219 $ 22,318 $ 21,859 $ 18,119 $ 12,444 General Merchandise 127,280 142,189 137,580 129,584 124,555 Food Stores 26,032 21,920 21,343 19,701 19,968
Eating and Drinking Places 92,390 104,902 105,136 96,379 91,854 Auto Dealers and Supplies 183,428 192,631 204,830 201,792 193,008 Service Stations 38,404 56,024 50,407 41,595 39,800
Other Retail Stores 193,170 198,351 196,737 194,076 192,020 All Other Outlets 240,605 184,087 170,428 171,499 162,775 Total $ 917,529 $ 922,422 $ 908,319 $ 872,745 $ 836,424 Notes:

Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presented are intended to provide alternative information regarding the sources of the City's revenue.

Building materials data was not provided beginning 2014.

Sources: State of California Board of Equalization and The HdL Companies For the Calendar Year Ended June 30
City of Glendora
Schedule 5
Taxable Sales by Category
Last Ten Calendar Years
(in Thousand of Dollars)
186
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2015 2014 2013 2012 2011
Apparel Stores $ 12,412 $ 12,175 $ 12,376 $ 12,017 $ 11,688 General Merchandise 123,189 126,419 133,497 134,006 131,588 Food Stores 23,270 22,606 21,198 20,342 19,805
Eating and Drinking Places 90,090 85,345 81,807 79,008 74,132 Auto Dealers and Supplies 184,031 181,170 166,216 153,693 134,748 Service Stations 44,253 53,024 55,718 52,394 42,927
Other Retail Stores 190,322 179,912 173,515 165,689 160,178 All Other Outlets 146,742 145,089 137,826 121,142 112,948 Total $ 814,309 $ 805,740 $ 782,153 $ 738,291 $ 688,014 Notes:

Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presented are intended to provide alternative information regarding the sources of the City's revenue.

Building materials data was not provided beginning 2014.

Sources: State of California Board of Equalization and The HdL Companies For the Calendar Year Ended June 30
City of Glendora
Schedule 5
Taxable Sales by Category (Continued)
Last Ten Calendar Years
(in Thousand of Dollars)
187
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2012 10,596,507 7,406,911 88,409 1,838,194 475,097 215,857 20,620,975 2013 10,618,948 7,861,882 129,602 1,803,263 458,800 689,158 21,561,653 2014 9,750,774 8,098,065 133,840 1,898,194 452,389 1,394,472 21,727,734 2015 10,679,183 8,538,095 137,245 2,118,665 444,110 502,878 22,420,177 2016 11,231,907 8,582,558 149,422 2,015,409 428,855 634,507 23,042,659 2017 14,399,988 8,368,272 137,647 2,090,881 391,801 601,779 25,990,368 2018 12,574,759 8,955,740 142,169 2,119,473 409,943 298,883 24,500,967 2019 13,347,134 9,030,480 165,960 2,281,885 426,302 265,367 25,517,128 2020 14,021,824 8,895,761 161,499 2,213,174 378,614 6,214,304 31,885,176 2021 15,108,885 10,258,606 134,426 2,611,371 381,838 7,961,649 36,456,775 Change:
2012-2021 42.6% 38.5% 52.1% 42.1% -19.6% 3588.4% 76.8%
Notes:

Property tax increased due to a change in the property tax allocation related to the backfill of the Motor Vehicle In-Lieu (MVLF) tax.

Voters agreed to replace the 1.35% reduction in the MVLF with property tax which, after the first year allocation, grows with increases in assessed valuation.

Source: City of Glendora Finance Division
Fiscal Year Transient
Occupancy
Business Licenses
City of Glendora
Schedule 6
Tax Revenue by Source Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
Property Sales & Use Franchise Other Total
188
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Tax Remitters for Fiscal Year 2021 Tax Remitter for Fiscal Year 2012 Albertsons 76
Arco AM PM Alosta Shell
Barnes and Noble Arco
Bed Bath & Beyond Arco AM PM
Best Buy Barnes & Noble
BevMo Bed Bath & Beyond
Chevrolet of Glendora Best Buy
Chick Fil A BevMo
Colley Ford Circle K 76
Fuel Zone Colley Ford
Glendora Chrysler Jeep Dodge Glendora Chevrolet
Glendora Hyundai Glendora Chrysler Dodge Jeep
Home Depot Glendora Hyundai
Home Goods Home Depot
In N Out Burger Home Goods
Kohls In N Out Burger
Marshalls Kohls
Old Navy PetSmart
PetSmart Route 66 Motors
Sam's Club w/Fuel Sam's Club w/fuel
Stater Bros Sport Chalet
Toyota of Glendora Toyota of Glendora
Ulta Beauty Verizon Wireless
Vons Vons
Walmart Walmart
Percent of Fiscal Year Total Paid by Percent of Fiscal Year Total Paid by Top 25 Accounts: 64.17% Top 25 Accounts: 65.80%
Notes:

Firms Listed Alphabetically
Sources: State Board of Equalization, California Department of Taxes and Fee Administration, State Controller's Office, The HdL Companies City of Glendora
Schedule 7
Principal Sales Tax Remitters
Current Year and Nine Years Ago
189
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2012 5,295,324 (12,394) 5,282,930 0.178390
2013 5,411,222 (14,651) 5,396,571 0.186280
2014 5,568,902 (13,347) 5,555,555 0.099950
2015 5,976,834 (13,390) 5,963,444 0.100380
2016 6,339,177 (15,385) 6,323,792 0.101720
2017 6,648,515 (12,146) 6,636,369 0.101040
2018 7,094,599 (12,292) 7,082,307 0.098740
2019 7,547,382 (12,292) 7,535,090 0.092260
2020 8,012,087 (13,247) 7,998,840 0.101370
2021 8,298,904 (12,359) 8,286,545 0.101340
Notes:

Exempt values are not included in Total.

Source: LA County Assessor
In 1978, the voters of the State of California passed proposition 13 which limited taxes to a total maximum rate of 1%, based upon the assessed value of the property being taxed. Each year, the assessed value of the property may be increased by an "inflation factor" (limited to a maximum of 2%). With few exceptions, property is only reassessed as a result of new construction activity or at the time it is sold to a new owner. At that point, the property is reassessed based upon the added value of the construction or at the purchase price (market value) or economic value of the property sold.

City of Glendora
Schedule 8
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years
(in thousands of dollars)
Fiscal Year Ended
June 30 Property Value
Less: TaxExempt
Property
Total Taxable
Assessed Value
Total Direct Tax
Rate
191
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2012 0.09817 1.00000 0.17839 0.00000 0.02447 0.00000 0.07559 2013 0.09817 1.00000 0.18628 0.00000 0.02590 0.00000 0.07796 2014 0.09817 1.00000 0.09995 0.00000 0.02226 0.00000 0.07800 2015 0.09817 1.00000 0.10038 0.00000 0.02327 0.00000 0.07464 2016 0.09817 1.00000 0.10172 0.00000 0.01641 0.00000 0.06567 2017 0.09817 1.00000 0.10104 0.00000 0.02406 0.00000 0.06816 2018 0.09817 1.00000 0.09874 0.00000 0.02229 0.00000 0.06543 2019 0.09817 1.00000 0.09226 0.00000 0.02238 0.00000 0.06870 2020 0.09817 1.00000 0.10137 0.00000 0.02172 0.00000 0.06231 2021 0.09817 1.00000 0.10134 0.00000 0.02157 0.00000 0.06769 Notes:

Source: LA County Assessor
City of Glendora
Schedule 9
4 Total Direct Rate is the weighted average of all individual direct rates applied by the City/Agency preparing the statistical section information. 3 City's share of 1% Levy is based on the City's share of the general fund tax rate area with the largest net taxable value within the City. ERAF general fund tax shifts may not be included in tax ratios figures.

Fiscal Year
Ended June
30 Basic County,
City, School Levy1
Los Angeles
County Flood
Control
Citrus
Community
College
City3 Total Direct
Rate
Detention Facilities
1987 Debt
Glendora Unified
School District
1 In 1978, California voters passed Proposition 13 which set the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all taxing agencies for which the subject property resides within. In addition, to the 1.00% fixed amount, property owners ware charged taxes as a percentage of assessed property values for the payment of any voter approved bonds. 2 Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates to all city property owners.

Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
192
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2012 0.00370 0.05628 0.09166 0.10847 0.08999 0.02642 1.47658 2013 0.00350 0.04641 0.08251 0.11629 0.09500 0.02896 1.47653 2014 0.00350 0.03765 0.08053 0.11888 0.11472 0.02023 1.47577 2015 0.00350 0.04468 0.09260 0.11803 0.11426 0.02129 1.49227 2016 0.00350 0.11479 0.08489 0.10039 0.11062 0.02154 1.51781 2017 0.00350 0.10430 0.08513 0.08605 0.12581 0.02400 1.52101 2018 0.00350 0.10591 0.08147 0.09511 0.14205 0.02371 1.53947 2019 0.00350 0.09806 0.07915 0.08891 0.13976 0.02435 1.52481 2020 0.00350 0.11416 0.07871 0.08745 0.13521 0.04781 1.55087 2021 0.00350 0.10817 0.06554 0.08082 0.12658 0.04459 1.51846 Notes:

Source: LA County Assessor
City of Glendora
Schedule 9
Direct and Overlapping Property Tax Rates (Continued)
Last Ten Fiscal Years
3 City's share of 1% Levy is based on the City's share of the general fund tax rate area with the largest net taxable value within the City. ERAF general fund tax shifts may not be included in tax ratios figures. 4 Total Direct Rate is the weighted average of all individual direct rates applied by the City/Agency preparing the statistical section information.

Three Valley
MWD District
Total Direct &
Overlapping Tax
Rate4
Fiscal Year
Ended June
30 Azusa Unified
School District
Bonita Unified
School District
Charter Oak
Unified School
District
Covina Valley
Unified School
District
Mt. Sac
Antonio
College
1 In 1978, California voters passed Proposition 13 which set the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all taxing agencies for which the subject property resides within. In addition, to the 1.00% fixed amount, property owners ware charged taxes as a percentage of assessed property values for the payment of any voter approved bonds. 2 Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates to all city property owners.
193
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1301 East Gladstone Street Investment 125,634$ 1 1.51612% -$ 0.00000% Avalon Glendora LP 93,399 2 1.12712% - 0.00000%
Sams Real Estate Business Trust/Walmart 52,134 3 0.62914% 20,204 3 0.38244% William Lyon Homes, Inc. 45,820 4 0.55294% - 0.00000%
655 South Grand Avenue Owner LLC 35,597 5 0.42958% - 0.00000% Minifam, LLC 28,399 6 0.34271% - 0.00000%
Glendora California Apartments LLC 26,976 7 0.32554% 23,027 2 0.00000% Grand LLC 20,400 8 0.24618% - 0.00000%
RJS Financial 19,839 9 0.23941% - 0.00000%
Glendora Grand Property LLC 18,591 10 0.22435% - 0.00000% Diamond Ridge Development LLC - 0.00000% 75,112 1 1.42179% Wares Delaware Corp - 0.00000% 16,059 4 0.30398%
Glendora Associates LP - 0.00000% 15,887 5 0.30072%
ORMCO Corporation - 0.00000% 15,258 6 0.28882%
Home Depot Dev of Maryland INC - 0.00000% 15,010 7 0.28412% Time Warner Cable - 0.00000% 14,709 8 0.27843%
RVS110GM LLC - 0.00000% 12,884 9 0.24388%
California RELCO LP Trust - 0.00000% 12,650 10 0.23945% Total 466,789$ 5.63310% 220,800$ 3.50417%
Sources: HdL Coren & Cone, L. A. County Assessor 2020/21 and 2011/12 Combined Tax Rolls Taxable
Assessed
Value
Rank
Percentage of
Total City
Taxable Assessed
Value
Taxable
Assessed
Value
City of Glendora
Schedule 10
Principal Property Tax Payers
Current Year and Nine Years Ago
(in thousands of dollars)
Rank
Percentage of
Total City
Taxable Assessed
Value
2012
Taxpayer
2021
194
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2012 4,736,630 4,355,872 91.96% 4,924 4,360,796 92.07%
2013 4,859,512 4,754,353 97.84% 4,754,353 - 97.84%
2014 4,855,645 4,704,273 96.88% 4,704,273 - 96.88%
2015 5,365,093 4,992,689 93.06% 4,992,689 - 93.06%
2016 6,184,415 5,874,387 94.99% 5,874,387 - 94.99%
2017 6,777,944 6,409,890 94.57% 6,409,890 - 94.57%
2018 7,560,696 7,524,813 99.53% 7,524,813 - 99.53%
2019 7,843,174 7,671,419 97.81% 7,671,419 - 97.81%
2020 8,591,760 7,899,030 91.94% 7,899,030 - 91.94%
2021 8,799,391 8,198,191 93.17% 8,198,191 - 93.17%
Notes:
*Property tax remittances have not yet been received from the County of Los Angeles which indicate prior year collection.

Source: City of Glendora Finance Division
Amount Percentage of
Levy
Collections of
Subsequent Years* Amount
City of Glendora
Schedule 11
Property Tax Levies and Collections
Last Ten Fiscal Years
Percentage of
Levy
Collected within the Fiscal Year of
the Levy Total Collections to Date
Fiscal Year Taxes Levied for
the Fiscal Year
195
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Fiscal Year Redevelopment
Agency Debt
General
Obligation
Debt
Capital
Lease
General
Obligation
Debt
Water Bonds Total Primary
Government
Percentage of
Personal
Income
Per Capita
2008
2012 -$ 1 5,065$ -$ -$ $ 26,967 $ 32,033 1.9503% 632.24 $ 2013 - 4,715 1,015 27,270 - 33,000 2.0298% 643.40
2014 - 4,320 1,015 26,211 - 31,546 1.9860% 614.78
2015 - 3,875 952 29,648 - 34,475 2.0876% 669.90
2016 - 3,385 909 24,558 - 28,852 1.7680% 551.01
2017 - 2,835 862 23,151 - 26,848 1.6067% 510.33
2018 - 2,225 810 21,834 - 24,869 1.4276% 471.87
2019 - 1,555 753 20,486 - 22,794 1.1863% 437.32
2020 - 54,992 691 8,528 19,089 83,300 4.0822% 1,599.83
2021 - 52,907 623 8,328 17,634 79,492 3.6895% 1,542.30
Notes:
1 The former Redevelopment Community Agency debt was transferred to the Successor Agency during the year ended June 30, 2012.

The City has not issued Sales Tax Increment, Lease Revenue, or Special Assessment Bonds.

Source: City of Glendora Finance Division
Government Activities
City of Glendora
Schedule 12
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
(in thousands of dollars)
Business-type Activities
196
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Fiscal Year General Obligation
Bonds
Redevelopment
Agency Bonds Total
Percentage of Actual
Taxable Valuea
of
Property
Per Capitab
2008
2012 5,065 - 2 0.10% 100 5,067
2013 4,715 - 4,715 0.09% 92
2014 4,320 - 4,320 0.08% 84
2015 3,875 - 3,875 0.06% 75
2016 3,385 - 3,385 0.05% 65
2017 2,835 - 2,835 0.04% 54
2018 2,225 - 2,225 0.03% 42
2019 1,555 - 1,555 0.02% 30
2020 63,520 1 63,520 - 0.79% 1,220
2021 61,235 - 61,234 0.74% 1,188
Notes: 1 The City of Glendora issued Pension Obligation Bonds to pay down the City's actuarial accrued liability. 2 The former Redevelopment Community Agency debt was transferred to the Successor Agency during the year ended June 30, 2012.

Details regarding the City's outstanding debt can be found in the Note 6 of the Financial Statements a See Schedule 8 for property value data.
b
See Schedule 17 for population data
Source: City of Glendora Finance Division
City of Glendora
Schedule 13
Ratios of Bonded Debt Outstanding
Last Ten Fiscal Years
(in thousands of dollars, except per capita)
197
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Debt repaid with Property Taxes
Metropolitan Water District $13,102 0.520% 68
Citrus CCD DS Ref Bond Series 2013 7,980 20.410% 1,629
Citrus CCD DS 2004 Series 2014D 1,414 20.410% 289
Citrus CCD DS 2004, 2015 Series E 6,055 20.410% 1,236
Citrus CCD DS Refunding Bonds 2015 Series A 80,055 20.410% 16,339 Mt. San Antonio CCD DS 2008, Series 2013A 161,337 1.666% 2,688 Mt. San Antonio CCD DS 2008, Series 2013B 2,610 1.666% 44 Mt. San Antonio CCD DS 2013, Refunding Series A 18,045 1.666% 301 Mt. San Antonio CCD DS 2013 Refunding Series B 21,260 1.666% 354 Mt. San Antonio CCD DS 2008 Series 2015C 7,315 1.666% 122 Mt. San Antonio CCD DS 2015 Ref Bonds 16,415 1.666% 273 Mt. San Antonio CCD DS 2018 Series 2019A 288,690 1.666% 4,810 Mt. San Antonio CCD DS 2020 Ref Series A 180,434 1.666% 3,007 Azusa Unified 2002 Series 2007 28,387 2.841% 806
Azusa Unified Refunding Bond 2002 Series 2011 10,105 2.841% 287 Azusa Unified 2014 Series A 24,135 2.841% 686
Azusa Unified Refund Bond 2016 20,780 2.841% 591
Azusa Unified 2014 Series B 500 2.841% 14
Azusa Unified 2014 Series C 22,450 2.841% 638
Azusa Unified Refund Bond 2019 22,115 2.841% 628
Bonita USD DS 2008 Series A 225 3.384% 8
Bonita USD DS 2008 Series B-1 QSCBS 4,655 3.384% 158
Bonita USD DS 2012 Refunding Bonds 3,170 3.384% 107
Bonita USD DS 2008 Series C 289 3.384% 10
Bonita USD DS 2014 Refunding Bonds 14,880 3.384% 504
Bonita USD DS 2016 Ref Bonds 97,575 3.384% 3,302
Charter Oak USD 2012 Series A 24,840 30.086% 7,473
Charter Oak USD 2015 Ref Bonds 8,175 30.086% 2,460
Charter Oak USD 2012 Series B 8,225 30.086% 2,475
Charter Oak USD Ref 2017 2,495 30.086% 751
Charter Oak USD 2012 Series C 10,000 30.086% 3,009
Covina Valley USD DS 2001 Series B 8,328 0.789% 66
Covina Valley USD DS 2001 Refund 2010 Series A 1,025 0.789% 8 Covina Valley USD DS 2012 Series A 0.789% 38 4,815
Covina Valley USD DS 2013 Ref Bonds 10,560 0.789% 83
Covina Valley USD DS 2012 Series B 36,145 0.789% 285
Covina Valley USD DS 2012 Series C 0.789% 95 12,000
Covina Valley USD DS 2012 Series C 0.789% 21 2,650
Covina Valley USD DS 2016 Ref Bonds 15,900 0.789% 125
Covina Valley USD DS 2012 Series D 0.789% 225 28,515
Covina Valley USD DS 2012 Series E 0.789% 110 14,000
Covina Valley USD DS 2019 Ref Bonds 57,545 0.789% 454
Glendora USD DS 2005 Refunding Bonds 12,921 96.548% 12,475 Glendora USD DS 2012 Refund Bonds 500 96.548% 483
Glendora USD DS 2015 Ref Bonds 22,565 96.548% 21,786
Glendora USD DS 2016 Ref Bonds 3,780 96.548% 3,650
Sub Total Overlapping Debt 94,969
City Direct Debt 53,530
Total Direct and Overlapping Debt $ 148,499
Sources: L.A. County Assessor and Auditor
City of Glendora
Schedule 14
Direct and Overlapping Governmental Activities Debt
(in thousands of dollars)
Governmental Unit Debt Outstanding Estimated Share of
Overlapping Debt
City Direct Debt includes only general obligation bonded debt; pension and OPEB related liabilities are excluded for this calculation.

Notes: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of Glendora. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident and, therefore, responsible for the debt, for each over-lapping government.

Estimated Percentage
Applicable
199
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2021 2020 2019 2018 2017
Assessed valuation 8,286,545 7,998,840 7,535,090 7,082,307 6,636,369 Conversion percentage 25% 25% 25% 25% 25%
Adjusted assessed value 2,071,636 1,999,710 1,883,773 1,770,577 1,659,092 Debt limit percentage 15% 15% 15% 15% 15%
Debt limit 310,745 299,957 282,566 265,587 248,864
Total net debt applicable to limit:

Pension Obligation Bonds 63,520 1,555 2,225 2,835 3,385 Legal debt margin 247,225 298,402 280,341 262,752 245,479 Total debt applicable to the limit as a 20.44% 0.52% 0.79% 1.07% 1.36% percentage of debt limit
Notes:

The government code of the State of California provides for a legal debt limit of 15% of gross assessed valuation. However, this provision was enacted when assessed valuation was based upon 25% of market value. Effective with the 1981-82 fiscal year, each parcel is now assessed at 100% of the market value (as of the most recent change in ownership for that parcel). The computations shown above reflect a conversion of assessed valuation data for each fiscal year from the current full valuation perspective to the 25% level that was in effect at the time that the legal debt margin was enacted by the State of California for local governments located within the state.

City of Glendora
Schedule 15
Legal Debt Margin Information
Last Ten Fiscal Years
(in thousands of dollars)
Fiscal Year
Source: City of Glendora Finance Division
200
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2016 2015 2014 2013 2012
Assessed valuation 6,339,177 5,976,834 5,568,902 5,396,571 5,282,930 Conversion percentage 25% 25% 25% 25% 25%
Adjusted assessed value 1,584,794 1,494,209 1,392,226 1,349,143 1,320,733 Debt limit percentage 15% 15% 15% 15% 15%
Debt limit 237,719 224,131 208,834 202,371 198,110
Total net debt applicable to limit:

Pension Obligation Bonds 3,875 4,320 4,715 5,065 5,375
Legal debt margin 233,844 219,811 204,119 197,306 192,735 Total debt applicable to the limit as a 1.63% 1.93% 2.26% 2.50% 2.71% percentage of debt limit
Notes:

Source: City of Glendora Finance Divison
The government code of the State of California provides for a legal debt limit of 15% of gross assessed valuation. However, this provision was enacted when assessed valuation was based upon 25% of market value. Effective with the 1981-82 fiscal year, each parcel is now assessed at 100% of the market value (as of the most recent change in ownership for that parcel). The computations shown above reflect a conversion of assessed valuation data for each fiscal year from the current full valuation perspective to the 25% level that was in effect at the time that the legal debt margin was enacted by the State of California for local governments located within the state.

Fiscal Year
City of Glendora
Schedule 15
Legal Debt Margin Information (Continued)
Last Ten Fiscal Years
(in thousands of dollars)
201
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Principal Interest
2012 14,651 10,782 3,869 945 1,254 1.76
2013 16,033 11,443 4,590 980 966 2.36
2014 18,404 11,748 6,656 1,010 1,106 3.15
2015 16,649 12,272 4,377 1,090 1,017 2.08
2016 14,746 10,436 4,310 1,105 940 2.11
2017 17,734 11,476 6,258 1,245 796 3.07
2018 20,783 12,536 8,247 1,155 743 4.35
2019 19,250 14,936 4,314 1,185 696 2.29
2020 21,896 14,580 7,316 1,468 911 3.08
2021 24,422 16,571 7,851 1,495 911 3.26
Principal Interest
2012 4,838 1 939 1,055 2.43
2013 2,204 1,100 956 1.07
2014 - - - -
2015 - - - -
2016 - - - -
2017 - - - -
2018 -
2019 - - - -
2020 - - - -
2021 - - - -
Notes:
1 Tax Increment shown through January 31, 2012. Redevelopment Agencies ceased to exist as of February 1, 2012.

Source: City of Glendora Finance Division
Fiscal Year Debt Service
Debt Service
Redevelopment Agency
Tax Coverage
Fiscal Year Utility Service
Charges
Less: Operating
Expenses
Net Available
Revenue Coverage
City of Glendora
Schedule 16
Pledged Revenue Coverage
Last Ten Fiscal Years
(in thousands of dollars)
Water Revenue Bonds
202
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Year Population Personal Income
(thousands of dollars)
Per Capita
Personal
Income
Unemployment
Rate
2012 50,666 1,642,490 32,418 4.8%
2013 51,290 1,625,790 31,698 3.9%
2014 51,313 1,588,445 30,956 7.0%
2015 51,463 1,651,448 32,090 5.0%
2016 52,362 1,631,915 31,166 5.7%
2017 52,608 1,671,012 31,763 4.5%
2018 52,703 1,742,000 33,053 5.3%
2019 52,122 1,921,444 36,864 4.3%
2020 52,067 2,040,552 39,190 3.9%
2021 51,540 2,154,527 41,802 10.5%
Sources:

Population: California State Department of Finance
Unemployment data: California Employment Development Department 2010: Income, Age and Educational Data: US Census Bureau, most recent American Community Survey 2011 data is estimated except for population.

City of Glendora
Schedule 17
Demographic and Economic Statistics
Last Ten Fiscal Years
(in thousands of dollars)
203
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Citrus Community College District 734 1 2.84% 491 4 1.92% Glendora Unified School District 734 2 2.84% 658 1 2.57% Foothill Presbyterian Hospital 590 3 2.29% 582 3 2.27%
County of Los Angeles - DCFS 558 4 2.16% 598 2 2.34%
Walmart 379 5 1.47% 309 8 1.21%
Glendora Grand 314 6 1.22% 227 9 0.89%
Glendora Community Hospital 306 7 1.19% N/A N/A
City of Glendora 246 8 0.95% 324 7 1.27%
Home Depot 185 9 0.72% N/A N/A
Sam's Club 183 10 0.71% 200 10 0.78%
Huntington East Valley N/A 315 6 1.23%
Ormco Corporation N/A 352 5 1.38%
Total 4,229 16.39% 4,056 15.84%
Notes:

Source: City of Glendora Finance Division and Employment Development Department Percentage of
Total City
Employment
2021 2012
Employer Employees Rank Employees Rank
Percentage of
Total City
Employment
City of Glendora
Schedule 18
Principal Employers
Current Year and Nine Years Ago
205
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2021 2020 2019 2018 2017
Function/Program
General Government
Administrative Services* 19 18 19 18 19
City Manager 3 2 2 2 2
City Clerk 12 11 4 4 4
Public Safety
Officers 52 52 54 47 52
Civilians 41 34 42 40 48
Community Services
Administration 4 4 5 4 4
Human Services 10 10 6 6 6
Recreation 25 19 13 12 12
Public Works
Administration 4 2 3 3 3
Parks 9 9 13 12 12
Engineering 6 6 8 8 8
Maintenance 11 11 12 15 15
Water 28 21 26 26 25
Community Development**
Building and Safety 5 4 5 5 5
Economic Development 1 1 1 1 1
Planning 7 5 7 7 7
Transportation 2 2 2 7 7
Library 26 23 21 22 22
Total 246 216 224 221 232
Notes:
*Human Resources and Finance were consolidated into Administrative Services in FY2020 **Community Development was created based on a reorganization of city divisions between Community Services and Public Works Source: City of Glendora Personnel Department
For the Fiscal Year ended June 30
City of Glendora
Schedule 19
Full-Time Equivalent City Employees by Function/Program Last Ten Fiscal Years
206
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2016 2015 2014 2013 2012
Function/Program
General Government
Administrative Services* 19 19 18 17 17
City Manager 22 2 23
City Clerk 45 5 44
Public Safety
Officers 53 52 52 52 52
Civilians 40 41 40 42 42
Community Services
Administration 33 3 33
Human Services 66 6 66
Recreation 12 12 16 14 17
Public Works
Administration 35 5 54
Parks 12 11 11 11 10
Engineering 87 6 68
Maintenance 15 14 14 14 15
Water 25 25 25 25 26
Community Development**
Building and Safety 56 6 55
Economic Development 11 2 10
Planning 7 7 6 7 13
Transportation 77 3 37
Library 22 22 21 21 22
225 225 222 221 236
Notes:
*Human Resources and Finance were consolidated into Administrative Services in FY2020 **Community Development was created based on a reorganization of city divisions between Community Services and Public Works Source: City of Glendora Personnel Department
For the Fiscal Year Ended June 30
City of Glendora
Schedule 19
Full-Time Equivalent City Employees by Function/Program (Continued) Last Ten Fiscal Years
207
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2021 2020 2019 2018 2017
Function/Program
Police
Stations 1 1 1 1 1
Patrol Units 16 16 16 16 16
Fire Stations* 44444
Public Works
Streets (miles) 163 155 153 153 153
Streetlights 107 107 107 107 107
Traffic Signals 52 52 52 52 52
Parks and Recreation
Acreage 1,025.25 1,025.25 1,025.25 1,025.25 1,025.25
Playgrounds 88888
Baseball/Softball Diamonds 88888
Soccer/Football Fields 22222
Community Centers 66666
Water
Water Mains (miles) 227 227 227 227 224
Fire Hydrants 1,777 1,777 1,777 1,775 1,775
Storage Capacity (thousands of gallons) 34,615 34,615 34,615 34,440 35,440 Wastewater
Sanitary Sewers (miles) 143 143 143 143 143
Storm (miles) 14.0 14.0 14.0 14.0 14.0
Treatment Capacity (thousands of gallons)** 11,000 11,000 11,000 11,000 11,000 Transit - Minibuses and Minivans 10 9101010
Notes:
*Fire Stations are located within City Limits; services are provided by the County of Los Angeles. **Sewer services are provided by the County of Los Angeles.

Sources: Various City Departments
For the Fiscal Year Ended June 30
City of Glendora
Schedule 20
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
208
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2016 2015 2014 2013 2012
Function/Program
Police
Stations 1 1 1 1 1
Patrol Units 15 15 17 17 17
Fire Stations* 4 4 44 4
Public Works
Streets (miles) 153 147 147 147.2 147.2
Streetlights 108 107 107 107 107
Traffic Signals 52 52 51 51 50
Parks and Recreation
Acreage 1,023.25 1,023.25 1023.25 1023.25 1023.25
Playgrounds 9 9 9 9 9
Baseball/Softball Diamonds 8 8 8 8 8
Soccer/Football Fields 2 2 2 2 2
Community Centers 5 5 5 5 5
Water
Water Mains (miles) 224 224 224 224 224
Fire Hydrants 1,775 1,775 1,775 1,775 1,775
Storage Capacity (thousands of gallons) 35,440 35,440 34,620 34,620 34,620 Wastewater
Sanitary Sewers (miles) 143 143 143 143 143
Storm (miles) 4.0 3.3 3.3 3.3 3.3
Treatment Capacity (thousands of gallons)** 11,000 11,000 11,000 11,000 11,000 Transit - Minibuses and Minivans 10 10 10 9 9
Notes:
*Fire Stations are located within City Limits; services are provided by the County of Los Angeles. **Sewer services are provided by the County of Los Angeles.

Sources: Various City Departments
For the Fiscal Year Ended June 30
City of Glendora
Schedule 20
Capital Asset Statistics by Function/Program (Continued) Last Ten Fiscal Years
209
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2021 2020 2019 2018 2017
Police
Respond to Code Violations within 48 hours 100% 100% 100% 100% 100% Number of calls for service received 21,386 22,664 23,162 23,109 22,187 Response time to emergency calls 4:28 4:42 3:48 3:49 3:41 Planning
Average days to review building plan check submittals 15.24 10.68 9.74 11.36 8.78 Public Works
Average turnaround time of plan review 13.91 12.3 9 10.84 10.78 Percentage of grants applied and received 100% 0% 0% 0% 0% Complete an average of 130 back flow tests annually 148 150 150 146 146 Library
Total annual circulation (items checked out)2 106,644 197,451 269,404 289,704 302,895 Total attendance at all Library programs2 12,217 30,358 47,763 48,869 42,803 Customer success finding material when browsing3 N/A N/A N/A 92% 95% Attendance at Library meeting room events2 10,980 25,712 36,460 34,330 34,142 Total WI-Fi Users1 439,474 423,826 366,207 50,965 67,770 Community Services
Participants registering for recreational classes2 8,391 6,743 10,000 15,678 15,989 Participants in the 20 Citywide special events2 13,655 16,300 24,800 25,300 25,750 Notes:
1 Library implemented tracking of total Wi-Fi users in fiscal year 2016-2017. 2 Operating indicator impacted by COVID-19 pandemic during 2020. 3 Operating indicator is no longer used as a performance measurement.

Source: City of Glendora Finance Divison
Fiscal Year
City of Glendora
Schedule 21
Performance Indicators
Last Ten Fiscal Years
210
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2016 2015 2014 2013 2012
Police
Respond to Code Violations within 48 hours 99% 100% 100% 100% 100% Number of calls for service received 19,296 17,904 17,550 17,290 17,410 Response time to emergency calls 3:53 3:49 3:50 3:38 3:45 Planning
Average days to review building plan check submittals 8.40 12.23 7.49 N/A N/A Public Works
Average turnaround time of plan review 8.49 11.55 15 15 18 Percentage of grants applied and received 0% 0% 100% 100% 0% Complete an average of 130 back flow tests annually 142 151 140 140 139 Library
Total annual circulation (items checked out) 325,802 333,633 370,341 452,842 404,742 Total attendance at all Library programs 35,852 32,897 24,693 N/A N/A Customer success finding material when browsing 92% 93% 95% N/A N/A Attendance at Library meeting room events 35,390 31,870 27,053 N/A N/A Total WI-Fi Users1 N/A N/A N/A N/A N/A
Community Services
Participants registering for recreational classes 14,880 12,900 12,876 86,750 87,000 Participants in the 20 Citywide special events 25,500 25,100 25,000 25,000 25,000 Notes:
1 Library implemented tracking of total Wi-Fi users in fiscal year 2016-2017. 2 Operating Indicator impacted by COVID-19 pandemic during 2020.

Source: City of Glendora Finance Divison
Fiscal Year
City of Glendora
Schedule 21
Performance Indicators (Continued)
Last Ten Fiscal Years
211
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212
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REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND

OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN

ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Independent Auditors’ Report
To the Honorable Mayor and the Members of City Council
of the City of Glendora
Glendora, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Glendora, California (the “City”), as of and for the year ended June 30, 2021, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated December 22, 2021.

Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (“internal control”) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the City’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. 200 E. Sandpointe Ave., Suite 600, Santa Ana, California 92707 Tel: 949-777-8800 • Fax: 949-777-8850
www.pungroup.cpa
Item #13. Page 234
Meeting Date: 1/11/2022 / Packet Page #: 453
To the Honorable Mayor and the Members of City Council
of the City of Glendora
Glendora, California