Finance and Audit Committee
May 22, 2023

FINANCE AND AUDIT

STANDING COMMITTEE MEETING
City Hall
130 Cremona Drive, Suite B
Goleta, California
Monday, May 22, 2023
3:30 P.M. – 5:00 P.M.

Conference Room # 1
Kyle Richards, Mayor Pro Tempore
Stuart Kasdin, Councilmember
Robert Nisbet, City Manager
Kristine Schmidt, Assistant City Manager
Luke Rioux, Finance Director
Tony Gonzalez, Accounting Manager
Shawna Stokes, Budget Analyst
Cecilia Rubio, Management Assistant
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__________________________________________________________________________ PUBLIC COMMENT: PUBLIC COMMENT MAY BE PROVIDED IN PERSON, ELECTRONICALLY,

OR BY MAIL
To submit written comments for the Committee’s consideration and inclusion in the public record, email Luke Rioux, Finance Director at: [email protected] up to 4pm, prior to the Monday Standing Committee meeting date. Please include the Agenda Item Number in the subject. This meeting will be conducted in accordance with the Brown Act, Government Code Section 54953. Any member of the public may attend this meeting in person or online. Questions regarding this matter may be addressed to Cecilia Rubio, Finance Management Assistant at: [email protected]. __________________________________________________________________________ AGENDA
I. Public Comment
II. FY 2022/23 - Third Quarter Financial Review (Draft) (Rioux) (60 minutes) (Pages 1 – 50)
III. Monthly Investment Transaction Report (December) – Quarterly Review (Draft) (Gonzalez) (10 minutes) (Pages 51 - 74)
IV. Monthly Investment Transaction Report (March) – Quarterly Review (Draft) (Gonzalez) (10 minutes) (Pages 75 - 96)
V. Next Meeting – TBD
Americans with Disabilities Act: In compliance with the ADA, if special assistance is needed to participate in a Finance and Audit Standing Committee meeting (including assisted listening devices), please contact the City Clerk's office at (805) 961-7505 or email [email protected]. Notification at least 72 hours prior to the meeting helps to ensure that reasonable arrangements can be made to provide accessibility to the meeting.

ITEM II

Agenda Item X.x

CONSENT CALENDAR
Meeting Date: June 6, 2023
TO: Mayor and Councilmembers
FROM: Luke Rioux, Finance Director
CONTACT: Tony Gonzalez, Accounting Manager
SUBJECT: Fiscal Year 2022/23 Third Quarter Financial Review RECOMMENDATION:

Adopt Resolution No. 23-__ entitled, “A Resolution of the City Council of the City of Goleta, California, Amending the City of Goleta Operating and CIP Budget for Fiscal Year 2022/23, Amending the City of Goleta Schedule of Authorized Positions for Fiscal Year 2022/23 and Amending the City of Goleta Salary Schedule for Fiscal Year 2022/23.” BACKGROUND:

This report provides a financial update on the City’s preliminary actual revenue and expenditure activity through the third quarter of the Fiscal Year (FY) 2022/23 Operating and Capital Improvement Program (CIP) Budget, which was adopted on June 15, 2021, as part of the two-year FY 2021/22 and FY 2022/23 budget plan and amended on June 21, 2022 (Mid-Cycle Budget). The information in this report is preliminary and provides a review of the revenue and expenditure activity from January 1 through March 31, 2023, and other relevant financial information. Additionally, this report recommends various adjustments to the adopted budget.

In analyzing the attached report, the following information should be taken into consideration:

1. Revenues and expenditures are recorded during the period received or paid. It is only at the end of the fiscal year that accrual entries are made to associate the revenues and expenditures to the corresponding period.

2. The receipt of revenues varies according to the source of funding, so the December totals may not represent three months of revenues in many categories. For example, “Traditional” Property Tax payments are normally received as follows: 55% in December, 41% in April, and 4% in June.

3. Expenditures for salaries and some operating costs may be disbursed evenly on a month-to-month basis; however, there are some expenditure line items whereby funds are released or encumbered at the start of the new fiscal year. In addition, expenditures for Liability Insurance, Workers Compensation and Debt Service are made on a quarterly, semi-annual or annual basis.

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Meeting Date: June 6, 2023
DISCUSSION:

General Fund Budget Summary:

Table 1 summarizes the General Fund’s prior year activity, adopted budget, current budget and recommended amendments.

Table 1 - General Fund Budget Summary
The FY 2022/23 Adopted Budget was approved on June 21, 2022, with total expenditures at $44 million. The budget included adjusting revenues to capture higher sales tax and transient occupancy tax (TOT) receipts, though maintaining conservative estimates. The budget also included increasing expenditures related to staff levels to address ongoing workload capacity to help meet service levels and address critical needs, including incorporating the new General Services Department and one-time funding for critical capital projects.

The FY 2022/23 Current Budget total expenditures is now at $54.9 million, which includes carryover budget of $6.6 million (supported by the fund balance of the General Fund) and new appropriations authorized by City Council. Since July 1, 2022, the City Council has approved various new expenditure budget appropriations totaling approximately $4.2 million. Of the $4.2 million, $2.2 million was programmed for the Pavement Rehabilitation Project. Other new appropriations include additional funding needed for Sustainability Program outreach, landscape maintenance, Ellwood Beach Drive Draining Repair project, and appropriations approved during the Q1 and Q2 Financial Review, including adjustments for Building and Safety contract services and Airport Impact Analysis and Planning Document Review.

Attachment 1 provides the General Fund Statement of Revenues & Expenditures.

General Fund – Recommended Amendments Summary:

Staff is recommending various budget adjustments this quarter which include an increase of $198,200 to revenues and an increase of $650,000 to expenditures, which is further discussed in detail below.

Category
2021/22
Actuals
2022/23
Adopted
Budget
2022/23
Current
Budget
Recommended
Amendments
2022/23
Amended
Budget
Revenues and Other Sources $ 36,041,100 37,623,480 $ $ 35,433,609 $ 198,200 $ 35,631,809 Operating Expenditures $ 36,815,225 30,895,556 $ $ 44,324,186 $ 650,000 $ 44,974,186 Capital Expenditures $ 251,642 $ 7,260,078 $ 10,563,589 $ 10,563,589 - $ Total Expenditures $ 44,075,303 31,147,198 $ $ 54,887,775 $ 650,000 $ 55,537,775 Net Change to Fund Balance $ 6,476,282 $ (8,034,203) $ (19,454,165) $ (451,800) $ (19,905,965) Beginning Fund Balance $ 39,268,940 32,792,658 $ $ 39,268,940 $ 39,268,940 Ending Fund Balance $ 31,234,737 39,268,940 $ $ 19,814,775 $ (451,800) $ 19,362,975 DRAFT Page 3 of 96
Meeting Date: June 6, 2023
General Fund – Personnel Updates
In review and discussion with Finance, HR and City Manager’s Office, staff is recommending various personnel updates outside the annual normal budget process due to the critical support needed and review of evaluating current duties and responsibilities of staff positions. Personnel updates include the following recommended reclassifications:
1) Planning and Environmental Review – Sustainability: Reclassification of the Management Assistant (Grade 107) to Management Analyst (Grade 109). 2) Public Works – Parks and Open Space: Reclassification of the Environmental Services Specialist (Grade 109) to a Management Analyst (Grade 109). 3) Public Works - Parks and Open Space: Reclassification of Maintenance Worker I (Grade 101) to Maintenance Worker II (Grade 102)
4) Public Works – Street Maintenance: Reclassification of Maintenance Worker I (Grade 101) to Maintenance Worker II (Grade 102) – (Note: Maintenance Worker II is authorized, however the position was underfilled at the Maintenance Worker I level)
Other updates include two cleanup items to the Salary Schedule that have no effect on the budget. The following updates include:
1) Removing the “Sustainability Coordinator” title since it was replaced by the “Sustainability Manager” position.
2) Updating the “Principal Civil Engineer” title to be read “Principal Civil Engineer / Engineering Manager”.

Staff is also needing to adopt an updated salary schedule that reflects City Council action taken on December 7, 2021, which included an additional adjustment to rates if the annual change of the March CPI-U for Los Angeles-Long-Beach-Anaheim exceeded 3%, up to a maximum of 1%. The annual change for March 2023 was 3.7%, which exceeded the 3% threshold by 0.7%. The rate increase was effective April 8, 2023 and was applied across the board to all eligible positions (excludes City Manager and City Council) on the salary schedule.

The proposed personnel reclassifications are described below.

Reclassification – Public Works – Parks and Open Space: Environmental Services Specialist to Management Analyst
Staff is recommending a reclassification to the vacant Environmental Services Specialist (Grade 109) under Public Works - Parks and Open Space to a Management Analyst (Grade 109), which will be budget neutral since it’s on the same pay grade level and step.

The recommendation for the reclassification request is because the role of Environmental Services Specialist is known in the public sector to be very specific to solid waste and/or pollution mitigation and not parks and open space. Recruiting for this position after it was approved in February 2022 proved to be challenging due to job title generating some confusion among applicants as to
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the nature of the assignment. The primary function of

Meeting Date: June 6, 2023
Environmental Services Specialist as defined in the job description is to monitor and coordinate functions related to solid waste management, hazardous materials, and recycling, among some other related duties. At its core this job is meant to both mitigate the impact of waste created by residents and businesses, as well as educate the community on ways of reducing and recycling waste.

The Management Analyst (proposed class) is defined as performing a “wide variety of difficult and complex tasks and responsibilities,” performing “analysis of difficult problems, issues.” Essential job functions include: preparing and presenting reports to City Council, commissions, and/or committees; formulating departmental and/or City policies and procedures; preparing ordinances and resolutions; leading or participating in committee activities, which is alignment of this positions core workload when approved on February 15, 2022. Once the position is filled, they will plan, coordinate, and implement environmental programs/operations within the Parks and Open Space Division in support of the Parks and Open Space Manager. Planning, permitting, and implementing City Council directives and community priorities will be the focus of this staff person's workload.

Reclassification – Planning and Environmental Review – Sustainability: Management Assistant to Management Analyst
Staff recommends that the current Management Assistant (Grade 107) position reporting to the Sustainability Manager be reclassified to Management Analyst (Grade 109), which is an increase of 17% or approximately $10,100 for FY 22/23 and $23,000 ongoing in future fiscal years. The Personnel Officer has determined that the employee has been working out of class since January 13, 2023.

The recommendation for the reclassification request is based on the position requiring the incumbent to perform advanced level research, make appropriate policy recommendations, and to acquire and continue advanced knowledge in the assigned area of responsibility (Sustainability). The position also regularly prepares the first draft of committee reports, committee presentations, legal ordinances, and council staff reports with minimal supervision. The position requires presentations at council meetings, as well as presentations to the community either as a staff liaison or while conducting community outreach and education. These essential duties require the incumbent to have journeylevel analytical skills, supplemented by college-level education. A Management Assistant is defined as performing “entry level professional administrative work”, responsible for performing “general administrative and technical work with moderate latitude for independent judgment and action.” The proposed classification of Management Analyst is defined as performing a “wide variety of difficult and complex tasks and responsibilities,” performing “analysis of difficult problems, issues.” Essential job functions include preparing and presenting reports to City Council, commissions, and/or committees, formulating departmental and/or City policies and procedures, preparing ordinances and resolutions, and leading or participating in committee activities. Reviews of other public agencies with positions performing similar work in Sustainability are also classified at the analyst level. For these reasons, staff recommends this position be reclassified to Management Analyst.

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Meeting Date: June 6, 2023
Reclassification – Public Works – Parks and Open Space: Maintenance Worker I to Maintenance Worker II
Staff recommends that the current Maintenance Worker I (Grade 101) position reporting to the Parks and Open Space Manager be reclassified to Maintenance Worker II (Grade 102), which is an increase of approximately $800 for FY 22/23 and annualized increase of 5% or approximately $5,000. The Personnel Officer has determined that the effective date to be the pay period beginning date of May 20, 2023.

The recommendation for the reclassification request is based on the position performing similar work and taking on the same level of responsibility as other Maintenance Worker II staff.

Reclassification – Public Works – Street Maintenance: Maintenance Worker I to Maintenance Worker II
Staff recommends that the current Maintenance Worker I (Grade 101) position reporting to the Public Works Supervisor be reclassified to Maintenance Worker II (Grade 102), which is an increase of approximately $800 or FY 22/23 and annualized increase of 5% or approximately $5,000. The Personnel Officer has determined that the effective date to be the pay period beginning date of May 20, 2023.

The recommendation for the reclassification request is based on the position performing similar work and taking on the same level of responsibility as other Maintenance Worker II staff.

The overall fiscal impact in FY 22/23 on recommended personnel updates is approximately $11,700 and when annualized, approximately $33,000 in future fiscal years. No new appropriation is needed in current fiscal year due to salary savings available. It should be noted that due to the timing of this report and workshop discussions on the preliminary Two-Year Budget for FY 23/24 and FY 24/25, the reclassification cost increases have already been factored in the budget estimates.

General Fund Revenue Analysis:

The tables presented in this section include budget-to-actual comparisons between the current fiscal year and compare the previous fiscal year quarter-to-date actuals.

Property tax, sales tax and transient occupancy tax are the City’s major tax revenues. They account for over 80% of total General Fund revenues. Table 3 summarizes third quarter budget-to-actual activity, which is followed by a brief discussion of the key revenue variances and where the City is trending.

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Meeting Date: June 6, 2023
Table 3 – General Fund FY 2022/23 Revenues through Q3 (March 31) Property Tax
Property tax is the second largest revenue source for the City as it accounts for 24.1% of total General Fund revenues and it remains the most stable. This category is composed of three payment types – (1) the “Traditional” Property Tax, which is received in large part during the months of December and April, (2) the Property Tax in Lieu of Motor Vehicle License Fees (MVLF), which is received in two payments during January and May, and (3) the monthly Documentary Transfer Tax revenue, which is derived from changes in ownership of real property and assessed value. The City shares half (50%) of its property tax allocation with the County of Santa Barbara, per the Revenue Neutrality Agreement (RNA). The amount shared with the County is estimated to be approximately $4.0 million for FY 22/23.

Total property tax revenues anticipated for the fiscal year are estimated at $8.5 million.

When compared to prior year quarter actuals, an increase of 8.4% is experienced in this category due to unanticipated higher Documentary Transfer Tax revenues received so far through the fiscal year.

Sales Tax
Sales tax collections are projected to be the third largest revenue source for the City at $8.3 million and account for 23.5% of total General Fund revenues. Sales tax is considered one of the most volatile revenue sources given the dependency on consumer behavior and business activity. The City does not receive its full 1% sales tax allocation of the 7.75% sales tax rate that is normally allocated to cities. The City shares 30% of the 1% sales tax revenues with the County of Santa Barbara, per the RNA. The amount projected to be shared this fiscal year is approximately $3.6 million.

The City’s sales tax base is generated from various main industry categories, including General Consumer Goods with a dominant share at an average of 20%. The General Consumer Goods category is represented by a multitude of retail stores that provide various consumer goods. The businesses in this category include large discount department stores, electronics stores, home furnishing stores and other retail stores. The next largest Prior Year
Year End Actuals
Qtr YTD
Actuals
Current
Budget Qtr YTD Actuals
%
Realized
Qtr YTD
% Chg
Property Taxes 8,655,521 4,593,739 8,547,387 4,981,058 58.3% 8.4% Sales Taxes 8,572,807 5,234,136 8,316,500 5,449,642 65.5% 4.1% Transient Occupancy Tax 14,341,129 8,325,444 13,100,000 8,994,919 68.7% 8.0% Cannabis Tax 1,738,534 1,023,521 1,100,000 53.2% -42.8% 585,280 Franchise Fee 1,513,730 614,223 1,408,900 42.8% -1.8% 603,134 License & Service Charges 1,929,169 1,483,265 1,996,800 1,602,917 80.3% 8.1% Fines & Penalties 168,275 97,246 141,000 69.9% 1.4% 98,626 Interest & Rent Income (105,801) 214,412 334,000 1,007,168 301.5% 369.7% Reimbursements 386,437 200,655 326,000 72.2% 17.4% 235,477 Other Revenues 398,976 318,908 119,222 575.4% 115.1% 685,963 Other Sources 24,704 19,820 43,800 46.7% 3.2% 20,463
Total Revenues $ 37,623,480 $ 22,125,368 $ 35,433,609 $ 24,264,647 68.5% 9.7% Revenues
FY 2021/22 FY 2022/23
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Meeting Date: June 6, 2023
industry categories are the State and County Pools (primarily online sales) now at 18% (historically 14%). When combined together, these two industry groups account for 38% of the City’s sales tax base. It is then supplemented by Business and Industry (manufacturers and industrial), Restaurants and Hotels (dining establishments, fast food, and bars), Building and Construction at 13% to 12%, and Autos and Transportation at 10%. For comparison purposes the percentage share by the eight major industry groups for the City is seen in Figure 1 below:

Figure 1 - Sales Tax by Major Industry Groups
Sales tax revenues are estimated this fiscal year to reach $8.3 million. Through the end of the third quarter, sales tax receipts were tracking higher in comparison to the prior year third quarter by 5.18% (or $112,945) at approximately $5.4 million. In January 2023, staff had its key sales tax meeting with our consultants HdL, and learned the increase was largely driven by fuel and service stations and restaurants and hotels. Based on current actual sales tax data and revised estimates, the City’s sales tax is projected to reach up to $8.7 million, approximately 4.8% or $400,000 higher than budgeted. Given the level of uncertainty and volatility, staff is not recommending an adjustment to its current sales tax estimates.

Transient Occupancy Tax (TOT)
The City’s TOT is projected to be the largest General Fund revenue source at 37% this fiscal year with a current budget estimate of $13.1 million. TOT has historically been the largest revenue source since FY 2012/13. TOT is the most volatile and was the most impacted by the pandemic due to a decrease in overnight stays and is expected to recover over the course of the fiscal year. During budget adoption, staff assumptions include a gradual rise to continue in ADR rates and flattening out. Projections assume that nine hotels (not including the Super 8) remain operating in the future fiscal years, and no major changes occur in the overall demand of rooms in Goleta. With Super 8 converting to permanent housing, the supply of hotel rooms has been reduced by 65, for a total estimated supply of 1,306 hotel rooms. It is anticipated that demand for rooms will shift to other hotels.

Autos and
Transportation
10%
Building and
Construction
12%
Business and Industry
13%
Food and Drugs
6% Fuel and Service
Stations
8%
General Consumer
Goods
20%
Restaurants and Hotels
13%
State and County Pools
18%
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It is still unknown how demand for leisure and business travel will be impacted, specifically with the drive market, with higher gas prices or increased lodging rates through end of FY 22/23. Additionally, other unknown factors that add uncertainty and volatility, include ongoing recessionary impacts and the effects that fiscal and monetary policy intervention may have on travel behavior and hotel activity. For these reasons, staff continues to estimate TOT revenues conservatively.

In the event of a recession, it is unlikely that it could be modeled using one of the past three downturns. If staff were to model after the Great Recession, for example, there were two consecutive periods of declines experienced in FY 08/09 and FY 09/10 of 12% and 13%, and a rebound in FY 10/11. However, during those same periods of decline, other notable events were experienced such as the Gap Fire, Tea Fire, and Jesusita Fire, which increased demand for hotel rooms. Should revenues fall short, the City has a portion of the unassigned fund balance to serve as an immediate revenue stabilizer, or the $11.2 million contingency reserve to temporarily fall back on and give staff time to assess the situation.

Based on actual receipts (cash basis) received by March 31, TOT revenues of $8.9 million were up 8% when compared to the same quarter in the prior year of $8.3 million on a cash basis. This increase is due to timing of receipts processed by March 31. TOT is due within thirty days after the end of the prior month. For example, TOT collected for February is due by March 31. The $8.9 million reflected in the report represents July through February TOT receipts.

Staff has prepared the following table for informational purposes to show how our TOT is performing through the end of December on an accrual basis of TOT revenues, and reflecting revenues in the month the overnight stays occurred. Table 4 summarizes TOT revenues by month in comparison to the same months in prior years.

Table 4 – TOT Revenues for the First Nine Months of FY 2022/23 (Accrual Basis) On an accrual basis, for the first nine months (July through March), TOT revenues were at $10.1 million or down by ($126,643) or -2.2% when compared to prior year for the same period. When compared to pre-pandemic levels of FY 18/19, TOT was up by approximately $1.8 million or 21.7%. Occupancy rates for the July through March period were on average between 60% and 90% with the average daily rate ranging between $242 and $421. PreMonth 2018/19
Actuals
2019/20
Actuals
2020/21
Actuals
2021/22
Actuals
2022/23
Actuals
$ Chg from
Prior Year
% Chg from
Prior Year
July 1,325,613 $ $ 1,389,695 $ 669,922 $ 1,704,247 $ 1,620,118 $ (84,130) -12.6% August 1,278,046 1,365,353 894,806 1,546,744 1,531,343 (15,401) -1.7% September 1,010,472 1,057,156 858,289 1,322,888 1,455,445 132,557 15.4% October 904,428 1,008,713 845,369 1,130,339 1,143,442 13,103 1.5% November 875,203 826,170 639,146 969,235 1,058,042 88,807 13.9% December 692,371 731,050 322,282 889,565 854,065 (35,500) -11.0% January 677,067 740,150 348,766 683,128 703,694 20,566 5.9% February 777,694 826,479 524,788 867,652 820,143 (47,509) -9.1% March 883,099 391,077 758,298 1,157,182 958,045 (199,137) -26.3% Total 8,423,993 $ $ 8,335,843 $ 5,861,665 $ 10,270,981 $ 10,144,338 $ (126,643) -2.2% 18/19 Baseline $ Change $ (88,150) $ (2,562,328) $ 1,846,988 $ 1,808,496 18/19 Baseline % Change
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-1.0% -30.4% 21.9% 21.7%

Meeting Date: June 6, 2023
pandemic the occupancy rates were between 79% to 89% with the average daily rate between $260 to $296.

When considering the current TOT budget estimate of $13.4 million, TOT revenues are above targeted levels and trending similar to FY 21/22 that reached $14.3 million. Given the ongoing volatility and uncertainty, staff does not recommend a revenue adjustment at this time and will review again at fourth quarter. It should be noted that in FY 23/24, Finance staff will be working into incorporating short-term rental data and activity as part of this section in the quarterly report.

Cannabis Business Tax
On November 6, 2018, the voters passed Measure Z2018, establishing a tax on cannabis business operations within the City of Goleta. The passing of this ballot measure subjects cannabis businesses to taxation on gross receipts of cannabis based on classifications up to a maximum of 10 percent. The current tax rates are seen in Table 5:

Table 5 – Current Cannabis Tax Rates
The City of Goleta currently has 12 active licenses, 2 other operators in the pre-license site inspection phase and 1 potential operator in the application review process. When excluding businesses with multiple locations, there are currently 11 business operators, with 10 operators now reporting cannabis business tax revenues. One operator licensed as a Microbusiness recently gave notice they will no longer be operating due to market conditions. A summary of the licenses can be seen in Table 6 below.

Cannabis business tax payments are due quarterly by the end of the following month (e.g., January through March, is due by April 30). Given the timing of when cannabis tax revenues are due, only second quarter actual receipts are shown that were received by March 31, which totaled $585,251 or 53% of total cannabis revenue budget of $1.1 million. This is a decrease of 42.8% when compared to prior year for the same quarter. During Q2, staff had recommended the original projected budget of $2.1 million to be decreased downward to $1.1 million.

At the time of preparing this report, preliminary data is showing the City has now collected approximately $805,252 of cannabis business tax revenue on an accrual basis, which Cannabis Business Classification Activities Taxed Tax Rate Adult Use Cannabis Retailing Gross Receipts 5%
Medicinal-Use Cannabis Retailing Gross Receipts 0%
Manufacturing Gross Receipts 2%
Cultivation Gross Receipts 4%
Distribution Gross Receipts 1%
Testing Gross Receipts 0%
Nurseries Gross Receipts 1%
Maximum Tax Limit Gross Receipts 10%
Maximum Cap for Multiple Operations Gross Receipts 10%
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includes the third quarter revenues due by end of April. When comparing actual revenues received this year on an accrual basis, this would be a 43.7% decrease for the same period in the prior year. Based on current data, revenues are projected to reach the downward amount at $1.1 million.

Staff has had discussions with cannabis operators and other jurisdictions and cannabis tax revenue activity continues to be impacted by increased competition and oversupply statewide. In addition, distribution operators have continued to express issues with the black market across the state and supply and demand being affected by limited access to legalized cannabis. As of December 6, 2022, the Department of Cannabis Control reports 1,085 active cannabis store front retail licenses statewide and 328 out of the 539 (61%) cities and counties do not allow any retail cannabis business. The cost of doing business is also being affected with inflationary factors and having limited access to capital markets to assist with cash flow and operations. Other issues include difficulties with operators collecting payment from other retailers across the state due to federal regulations.

Cannabis tax revenues will continue to experience ongoing volatility as uncertainty surrounds the cannabis industry. Staff will continue to evaluate the cannabis tax activity and potential fiscal impacts as new operators begin to collect and remit taxes. In addition, staff plans to conduct financial audits with its consultants for proper reporting early next fiscal year. Should revenues continue to fall short of estimates, the unassigned fund balance is available to serve as a revenue stabilizer and absorb the impact.

Table 6 below summarizes the approved Cannabis Business License Operators as of the date preparing this report and the pending applicants in process.

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Table 6 – Cannabis Business License Application Summary In March 2022, staff completed work with its cannabis consultants, HDL, and performed an analysis on the current tax rates and types of businesses. A report was prepared with recommendations and was discussed with the Finance Committee in October 2021 and at a City Council workshop in March 2022. City Council provided direction to staff in support of adjusting the medicinal retail tax to be set at the retail rate of 5% and was also supportive of updating the cannabis ordinance extending the allowable hours of operation for cannabis retailers to 10:00 p.m., rather than the current 8:00 p.m. Extending these hours could allow the City’s retailers to recapture sales (and related sales tax revenue) that are likely being lost to retailers in nearby jurisdiction during these hours. These changes will require a resolution and ordinance update that is planned to be brought back in July.

Franchise Fees
The City collects franchise fees from four main service provider sources (Cable, Electric, Gas, Solid Waste). Each provider of these services has a different payment schedule.

Electric and Gas providers make annual payments in April. The Cable provider is on a quarterly payment plan, while Solid Waste fees are collected monthly, with a one-time annual base fee of $100,000 paid at the beginning of the fiscal year. Total franchise fees collected by the end of third quarter were $603,134 or 42.8% of the budget, which is on # Status Business Application Name Location Primary License Type Notes 1 Approved CalGreen
(Legal Non-Conforming)
164 Aero Camino Storefront Retail
2 Approved Santa Barbara Care Center
(Legal Non-Conforming)
5814 Gaviota Street Microbusiness Storefront Retail
Cultivation
Distribution
3 Approved Organic Greens Collective
(Legal Non-Conforming)
5902 Daley Street Storefront Retail
4 Approved Green Rush Alliances LLC 6332 Lindmar Ave Manufacturing Distribution Currently expanding licensed
premise - Pre-license
inspection scheduled in June
5 Approved Greenbridge Patient Collective 5940 Matthews St Microbusiness Distribution Manufacturing
Non-Storefront Retail
6 Approved Sublime Processing 123 Aero Camino Unit A Microbusiness Manufactuer Distribution
Non-Storefront Retail
7 Approved HERBL 759 Ward Drive Distribution
8 Approved HERBL 839 Ward Drive Distribution
9 Approved HERBL 749 Ward Drive Distribution
10 Approved Thornwood Distribution LLC 5756 Thornwood Drive Cultivation (Processor) Nursery 11 Approved One Plant 290 Storke Road Storefront Retail 12 Approved Firefly Delivery, LLC 5775 Dawson Ave Non-Store Front Retail (Delivery)
Delivery only
13 Pending AGQ Green Nature 859 Ward Drive. Suite 103 Testing Pre-license site inspection scheduled in June
14 Pending Hollister Distribution, Inc. 5631 Calle Real Storefront Retail Pre-license site inspection scheduled in June
15 Pending Megan's Organic Market 5999 Hollister Storefront Retail Application received and review in process
16 No longer
operating
Ocean Grown Farms 176 Aero Camino Microbusiness Distribution Manufacuring
Non-Storefront Retail
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track with historical amounts. At this time, staff is recommending an overall increase of $183,200. Of this increase, $133,200 is related to electricity franchise fees and $50,000 is related to gas franchise fees.

Licenses and Service Charges
This revenue category reflects the user fees (cost recovery) and charges as they relate to business license processing, planning and building permit fees, staff time charges related to development activity, and library management service charges. All revenue accounts were revised and updated to reflect anticipated activity for FY 2022/23. Table 7 summarizes the primary revenue accounts within the Licenses and Service Charges category.

Table 7 – Licenses and Service Charges Summary
Through the end of the third quarter, revenues were at $1,602,917 and are tracking as expected against the current budget of $2.0 million at 80.3%. In comparison to the same period in prior year, overall revenues are up by 8.1%, primarily due to building permit activity and plan check fees. At this time, staff is recommending an increase of $15,000 in the Other Licenses & Charges, to reflect the increase in pass-through revenue related to merchant card service fee revenue related to credit card activity.

Fines and Penalties
The City collects various fines and penalties related to traffic, parking, towing, and lost item fees related to the library. Overall receipts of $98,626 were at 69.9% of budget estimates of $141,000. In comparison to the same period last year, overall revenues are up by 1.4%.

Staff will continue to monitor activity levels and may recommend an adjustment at mid-year if warranted.

Interest and Rent Income
Interest and rent income accounts for rental income from property owned by the City as well as investment earnings generated from the City’s investment program. The budgeted revenues of $334,000 were revised at budget adoption to reflect anticipated impacts of increasing interest rates.

Prior Year
Year End Actuals
Qtr YTD
Actuals
Current
Budget

QTR YTD
Actuals
%
Realized
Qtr YTD
% Chg
Legal Deposits Earned 15,982 4,913 1,000 730.0% 48.6% 7,300 Planning Fees 134,161 99,381 103,000 100.9% 4.5% 103,887 Planning Deposits Earned 255,513 179,002 200,000 110.1% 23.0% 220,235 Building Permits 422,776 326,446 605,000 59.8% 10.9% 361,869 Public Works Deposits Earned 44,588 28,461 58,000 42.2% -13.9% 24,505 PW/Engineering Fees 134,593 97,617 125,000 56.3% -27.9% 70,412 Solid Waste Roll Off Fees 29,120 18,629 30,000 62.5% 0.7% 18,759 Business License 515,712 418,604 452,000 100.5% 8.5% 454,160 Plan Check Fees 290,934 227,143 334,500 96.5% 42.1% 322,880 Other Licenses & Charges 85,791 83,070 88,300 21.4% -77.2% 18,911 TOTAL $ 1,929,169 $ 1,483,265 $ 1,996,800 $ 1,602,917 80.3% 8.1% FY 2021/22 FY 2022/23
Licenses and Service
Charges
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Meeting Date: June 6, 2023
Through the end of the third quarter, interest and rent income of $1 million were at 301.5% of the total budget. In comparison to prior year for the same quarter, revenues were up 369.7%. This increase is due to a fair market value (FMV) adjustment of $429,996 applied to the City’s investment program as required by the Governmental Accounting Standards Board (GASB) and reflects an FMV amount of unrealized gains and losses. When considering only actual realized interest earnings, total revenues are at a $577,172 or at 172.8% of budget. No budget adjustment is recommended at this time, due to FMV adjustment needed at year-end, and will be applied in Q4.

Reimbursements
This revenue category primarily accounts for all staff time reimbursements (cost recovery) related to the CIP and Redevelopment Successor Agency administrative and direct costs.

Additionally, it includes claim reimbursements or other one-time miscellaneous reimbursements. Staff that work directly on projects or programs supported by special revenue funds can charge staff time against the CIP project budgets supported by special revenue funds (if eligible) and reimburse the General Fund. The overall amounts vary year to year, depending on the use of contract engineering services. Contract engineering services are paid directly from the CIP project budgets supported by the special revenue funds, and therefore do not require payments from the General Fund. The revenues received through the end of the quarter totaled $235,477 and were at 72.2% of the total budgeted amount of $326,000. In comparison to prior year for the same quarter, revenues increased by 72.4% or $34,822 due to insurance claim reimbursement.

Other Revenues
This category accounts for all other remaining General Fund revenue amounts such as Motor Vehicle License Late Fees (MVLF), Friends of the Library donations, one-time donations, and miscellaneous revenues. Revenues were at $125,277 by the end of the quarter or approximately 105.1% of the total budgeted amount of $119,222. In comparison to prior year for the same quarter, revenues decreased by -60.7%. This decrease is primary due to the one-time payment in-lieu of TOT received in the prior year.

Other Sources
This category accounts for other financing sources such as funds transferred in from other funds or other fund resources received from transactions such as sale of securities or cash received from loans or when bonds are issued. City staff primarily utilizes this category to account for funds transferred in for staff time spent in administering the Community Development Block Grants (CDBG) program. Other sources received through the quarter were at 46.7% or $20,463 of the total budget amount of $43,800.

General Fund Expenditure Analysis:

The General Fund expenditures budget is currently at $54.8 million. Total expenditures through the third quarter should be about 75% of the budget, assuming the timing of expenditures is consistent throughout the year. By the end of the third quarter total expenditures of $24.6 million were at 45% of the total budgeted amount. In comparison to prior year for the same quarter, expenditures were
DRAFT
up 25.4%. This is primarily due to timing

Meeting Date: June 6, 2023
of payments made for public safety, additional one-time payments made related to the projects and other expenditures related to staffing levels. Staff have reviewed their budgets and have determined there were various unanticipated costs experienced in the third quarter along with savings in others. Staff have reviewed their budgets and operations and are recommending various new appropriations, budget transfers and personnel updates described further below.

Table 8 summarizes the General Fund expenditure budget activity by department, which is followed by a brief discussion of the key expenditure variances and recommended adjustments.

Table 8 - General Fund FY 2022/23 Expenditures through Q3 (March 31) All departments were within range (at or below 75%) of their overall allocated budgets as of March 31, 2023. Provided in Attachment 2 of this report is a “Budget to Actuals” comparison of the Department’s divisions and programs. Some of the significant variances for the department’s programs are noted below along with recommended adjustments. The following recommended adjustments is described below by each department.

Public Works (PW)
Staff is recommending a budget appropriation of $635,000 in Public Works for emergency response maintenance work related to the January and March 2023 Winter Storm event. It is anticipated that the City will be reimbursed approximately 93.75% (FEMA and CalOES), which would be approximately $595,312.50. The City’s General Fund is currently anticipated to be responsible for $39,687.50 of costs or 6.25% of total costs. It should be noted reimbursement is not guaranteed and will depend on final review and approval from the FEMA and CalOES. The General Fund will need to absorb all costs not reimbursed.

Non-Departmental
Staff is recommending a budget appropriation of $15,000 related to the pass through merchant card service fees payment processing. This cost is offset by the revenues charged and mentioned above in the revenue section of this report.

Prior Year
Year End Actuals
Qtr YTD
Actuals
Current
Budget

QTR YTD
Actuals
%
Realized
Qtr YTD
% Chg
General Government 6,401,327 4,669,626 6,417,980 4,306,205 67.1% -7.8% General Services 454,270 96,925 3,690,051 2,088,249 56.6% 2054.5% Library 251,077 185,429 434,591 245,743 56.5% 32.5%
Finance 1,196,075 812,359 1,793,380 977,535 54.5% 20.3% Planning & Env. Review 3,382,657 2,292,557 4,954,651 2,604,501 52.6% 13.6% Public Works 7,525,224 3,291,758 12,708,299 4,576,726 36.0% 39.0% Neighborhood Services 1,761,892 1,213,660 2,726,634 1,713,377 62.8% 41.2% Public Safety 8,470,638 6,323,422 9,766,000 7,006,825 71.7% 10.8% Non-Departmental 1,452,398 617,883 1,832,600 804,112 43.9% 30.1% Capital Improvement Projects 251,642 190,419 10,563,589 375,294 3.6% 97.1% Total Expenditures $ 31,147,198 $ 19,694,038 $ 54,887,775 $ 24,698,568 45.0% 25.4% FY 2021/22
Expenditures
FY 2022/23
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Meeting Date: June 6, 2023
General Fund - Fund Balance and Reserves:

Table 9 shows a recap of Fund Balance as of June 30, 2022 and June 30, 2023, which has been revised. The revised ending fund balance reflects actual revenues and expenditures, and factors in final carryover amounts related to FY 2021/22.

Table 9 – General Fund FY 2022/23 – Estimated Fund Balance and Reserves As shown above, the revised estimated FY 2022/23 total fund balance is projected at $19.3 million as of June 30, 2023.

After factoring in recommended adjustments the projected unassigned fund balance available for one-time use is now projected to be $1.7 million. The unassigned fund balance is comprised of funds that are not committed for any specific purpose. It is used for economic stability should revenues fall short, liquidity and cash flow needs, and for various unanticipated one-time projects or other one-time priority needs.

The $3 million unassigned fund balance held for liquidity and revenue stability will continue to serve as a temporary revenue stabilizer and support liquidity and cash flow needs when dealing with timing issues of reimbursable grants through year end and will be re-evaluated and adjusted during the upcoming budget process and Q4.

Revenue Neutrality Agreement (RNA):

The receipts and payments as a result of the RNA are not included in the budget. Under the RNA Agreement, the County is allocated 30% of the 1% Sales Tax revenues generated within the City of Goleta and shares equally in the Property Tax revenues of the City. The estimated cost for FY 2022/23 of the total RNA payments is $7.3 million. The estimated total contribution since City incorporation in 2002 is approximately $143.9 million through the end of FY 2022/23.

Classification
FY 21/22
Ending Fund Balance Increase Decrease
FY 22/23
Est. Ending Fund
Balance
Reserve
Adjustments
FY 22/23 Revised
Est. Ending Fund
Balance
Prepaids and Deposit 26,176 26,176 - 26,176
City Hall Solar Removal 94,500 94,500 94,500
Public Facilities 830,108 830,108 830,108
Capital Equipment 791,653 791,653 - 791,653
Compensated Leave 407,606 407,606 - 407,606
Building Maintenance - - -
Risk Management 200,000 200,000 200,000
Litigation Defense Fund 300,000 300,000 300,000 600,000 Contingency 10,129,713 1,105,541 11,235,254 - 11,235,254 Street Maintenance - - -
Sustainability - - -

OPEB UAL - - -
CalPERS Pension UAL - - -
CIP Project - Train Depot Match - - -
CIP Project Funding 3,034,236 (3,034,236) - -
Encumbrances 3,410,472 (3,410,472) - -
FMV Adjustment 429,996 429,996 429,996
Unassigned Fund Balance -
Held for liquidity and revenue
stability - - - 3,000,000 - 3,000,000
Unassigned Fund Balance 19,614,480 - (14,114,998) 5,499,482 (3,751,800) 1,747,682 Total 39,268,940 $ 1,105,541 $ (20,559,706) $ 19,814,775 $ (451,800) $ 19,362,975 DRAFT Page 16 of 96
Meeting Date: June 6, 2023
Capital Improvement Program and Other Funds:

Staff has provided Attachment 3 to summarize all other Special Revenue Fund revenues and expenditures with budget-to-actual comparison. On a budget basis, the various granttype funds are balanced with revenues matching expenditures. However, on an actual basis, funds are reimbursed after they are expended. The reimbursement requests for grant expenditures are submitted either on a monthly or quarterly basis by the department staff responsible for the project reimbursements. Any negative balances are due to the timing of revenues being received by the City. Revenue projections are reviewed on a quarterly basis and recommended adjustments are made when necessary. The Other Funds section below briefly describes the financial activity through the quarter. Attachment 4 provides a CIP Expenditure Summary on a budget to actual basis to ensure that projects do not exceed the appropriations allocated to the project.

Other Funds:

Gas Tax Fund (Fund 201)
The state imposes sales taxes and per-gallon excise taxes on gasoline and diesel fuel. The local portion of these allocation flows through the Highway Users Tax Account (HUTA).

State law requires that these funds be used exclusively for maintenance of the street and highway system. Gas tax revenues through the end of the quarter are at $610,084 or 68.4% of the $892,266 revenue budget amount. Budgeted expenditures are programmed at $2.3 million for the fiscal year and includes a carryover budget of approximately $989,029.

SB1 Road Maintenance & Repair Act (RMRA) (Fund 203)
Senate Bill 1 (SB 1) – Road Repair and Accountability Act of 2017 has been in effect since November 1, 2017. Revenues are generated from fuel and vehicle registration taxes. State law requires these funds be used exclusively for the transportation system. SB 1 revenues through the end of the quarter are at $444,348 or 61.5% of the $722,119 revenue budget amount. Budgeted expenditures are programmed at $619,000 and will include a carryover budget of approximately $784,000 for a total budget of $1.4 million. Through the end of the quarter $1.3 million or 96.1% of budget have been expended or encumbered. All budget is programmed towards the City’s pavement rehabilitation program.

Measure A Fund (Fund 205)
The Santa Barbara County Association of Governments (SBCAG) receives a half-cent sales tax for transportation improvements in Santa Barbara County. The City of Goleta receives a portion of those funds to use exclusively for transportation related purposes.

Measure A revenues through the end of the quarter are at $1.6 million or 78.9% of the $2.1 million revenue budget amount. Budgeted expenditures are programmed at $5.1 million and include a budget appropriation request of $20,000. Through the end of the quarter $2.9 million or 57.4% of budget have been expended or encumbered.

Recommended Budget Amendments – Special Revenue Funds:

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Meeting Date: June 6, 2023
Staff is recommending various expenditure budget adjustments for other various Special Revenue Funds. Additional details and corresponding revenue adjustment (if applicable) is found in Attachment 5 – Exhibit A.

FINANCE COMMITTEE REVIEW:

The Finance Committee met to review the Fiscal Year 2022/23 Tthird Quarter Financial Review Report on May 22, 2023.

FISCAL IMPACTS:

General Fund
Revenues are recommended for an increase of $198,200 and expenditures for an increase of $650,000. The recommended budget adjustment results in a net decrease of ($451,800) to the total fund balance of the General Fund. After adjustments, the total ending fund balance is projected at $19.3 million, which includes an unassigned fund balance of $4.7 million ($3 million held for revenue stabilization and liquidity, and $1.7 million available for one-time use). The $650,000 appropriation related to emergency work is subject to possible reimbursement from FEMA and CalOES at a rate of 93.75%. Staff anticipate approximately $595,312.50 to be reimbursed back in FY 23/24.

Additional details of the accounts affected by the recommended General Fund budget adjustments can be found in Exhibit A that is part of Attachment 5 – Resolution Amending the City’s Operating and CIP Budget for Fiscal Year 2022/23.

The proposed reclassification of the vacant Environmental Services Specialist (Grade 109) under Public Works - Parks and Open Space to a Management Analyst (Grade 109), which will be budget neutral since it’s on the same pay grade level and step. The proposed Schedule of Authorized Positions can be seen in Exhibit B of Attachment 5.

Other Funds
Recommended amendments to Other Special Revenue Funds that were described above can be found in detail in Attachment 5 - Exhibit A. The additional appropriations can be supported by the fund balances of the Special Revenue Funds, as shown in Attachment 3.

Council is asked to adopt the attached resolution (Attachment 5) approving the recommended budget adjustments.

City’s Cash Flow and Position:

The City’s Finance Department monitors its cash flow and position daily. The cash funds are pooled and are considered very liquid, as most of its funds are invested in overnight pooled investment accounts such as LAIF or its money market account. The City’s special revenue accounts have committed fund balance that is pooled all together with the General Fund. When pooled all together, the City’s cash position has been on average approximately $70 million.

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Meeting Date: June 6, 2023
ALTERNATIVES:

Council may elect not to adopt the attached resolution, thereby leaving the budget as previously approved; however, certain budget recommendations are necessary to meet obligations and financial reporting requirements.

Reviewed By: Approved By:
_________________ _________________
Kristine Schmidt Robert Nisbet
Assistant City Manager City Manager

ATTACHMENTS:

1. General Fund Statement of Revenues & Expenditures

2. General Fund Interim Statements by Department

3. Interim Revenue and Expenditure Summary by Fund

4. CIP Expenditure Summary by Project

5. Resolution Amending the City’s Operating and CIP Budget. Amending the City’s Schedule of Authorized Positions, and Amending the City’s Salary Schedule

6. Fiscal Year 2022/23 Third Quarter Financial Review Presentation DRAFT Page 19 of 96
ATTACHMENT 1:

General Fund Statement of Revenue and Expenditures
Budget to Actual Comparison
DRAFT Page 20 of 96
Attachment 1
Property Taxes 8,478,600 68,787 8,547,387 4,981,058 58% - 8,547,387Sales Taxes 8,316,500 - 8,316,500 5,449,642 66% - 8,316,500 Transient Occupancy Tax 13,100,000 13,100,000 - 8,994,919 69% - 13,100,000 Cannabis Tax 2,100,000 (1,000,000) 1,100,000 585,280 53% - 1,100,000 Franchise Fee 1,408,900 - 1,408,900 603,134 43% 183,200 1,592,100 License & Service Charges 1,687,300 309,500 1,996,800 1,610,458 81% 15,000 2,011,800 Fines & Penalties 141,000 - 141,000 98,626 70% - 141,000Interest & Rent Income 334,000 - 334,000 1,007,168 302% - 334,000Reimbursements 326,000 - 326,000 235,477 72% - 326,000Other Revenues 105,000 14,222 119,222 685,963 575% - 119,222 Other Sources 43,800 - 43,800 20,463 47% - 43,800
Total Revenues 36,041,100 (607,491) 35,433,609 24,272,188 69% 198,200 35,631,809 General Government 6,218,750 199,230 6,417,980 4,306,205 67% - 6,417,980 General Services 3,281,675 408,376 3,690,051 2,088,249 57% - 3,690,051 Library 434,600 (9) 434,591 245,743 57% - 434,591
Finance 1,789,500 3,880 1,793,380 977,535 55% - 1,793,380 Planning & Env. Review 4,293,800 660,851 4,954,651 2,604,501 53% - 4,954,651 Public Works 8,098,300 4,609,999 12,708,299 4,576,726 36% 635,000 13,343,299 Neighborhood Services 2,074,600 652,034 2,726,634 1,713,377 63% - 2,726,634Public Safety 9,766,000 - 9,766,000 7,006,825 72% - 9,766,000 Non-Departmental 858,000 974,600 1,832,600 804,112 44% 15,000 1,847,600 Capital Improvement Projects 7,260,078 3,303,511 10,563,589 375,294 4% - 10,563,589 Total Expenditures 44,075,303 10,812,472 54,887,775 24,698,568 45% 650,000 55,537,775Net Change in Fund Balance (8,034,203) (11,419,962) (19,454,165.4) (426,380) (451,800) (19,905,965) Beginning Fund Balance 39,268,940 39,268,940 39,268,940 39,268,940Ending Fund Balance 31,234,737 19,814,775 38,842,560 19,362,975 For the Quarter Ended March 31, 2023
Budget to Actual Comparison
Revenues
Original Budget Prior Revisions Current Budget 3/31/2023 Actuals % of Budget Recommended Revisions Expenditures Amended Budget General Fund Statement of Revenue and Expenditures
City of Goleta
Amended Budget Recommended Revisions Original Budget Prior Revisions Current Budget 3/31/2023 Actuals % of Budget DRAFT
Page

21 of 96
ATTACHMENT 2:

General Fund Interim Statements by Department
DRAFT Page 22 of 96
City of Goleta
General Fund
Interim Statement of Revenues and Expenditures
For the Quarter Ended March 31, 2023
Attachment 2
Annual
"Current" Budget

QTR YTD
Actuals
Remaining
Balance
Percent
Received
Prior Year
QTR YTD Actuals
Taxes
Property Taxes 8,547,387 4,981,058 3,566,329 58.3% 4,593,739 Sales Taxes 8,316,500 5,449,642 2,866,858 65.5% 5,234,136 Transient Occupancy Tax 8,994,919 13,100,000 4,105,081 68.7% 8,325,444 Cannabis Tax 585,280 1,100,000 514,720 53.2% 1,023,521
Franchise Fee 1,408,900 603,134 805,766 42.8% 614,223
Total 32,472,787 20,614,034 11,858,753 63.5% 19,791,063 Licenses & Service Charges
Legal Deposits Earned 1,000 7,300 (6,300) 730.0% 4,913
Planning Fees 103,000 103,887 (887) 100.9% 99,381
Planning Deposits Earned 200,000 226,705 (26,705) 113.4% 179,002 Building Permits 605,000 361,869 243,131 59.8% 326,446
Public Works Deposits Earned 58,000 25,576 32,425 44.1% 28,461 PW/Engineering Fees 125,000 70,412 54,588 56.3% 97,617
Solid Waste Roll Off Fees 30,000 18,759 11,241 62.5% 18,629 Business License 452,000 454,160 (2,160) 100.5% 418,604 Plan Check Fees 334,500 322,880 11,620 96.5% 227,143
Other Licenses & Charges 88,300 18,911 69,389 21.4% 83,070 Total 1,996,800 1,610,458 386,342 80.7% 1,483,265
Fines and Forfeitures
Fines & Penalties 141,000 98,626 42,374 69.9% 97,246
Total 141,000 98,626 42,374 69.9% 97,246
Investment Income
Interest & Rent Income 334,000 1,007,168 (673,168) 301.5% 214,412 Total 334,000 1,007,168 (673,168) 301.5% 214,412
Reimbursements
Reimbursements 326,000 235,477 90,523 72.2% 200,655
Total 326,000 235,477 90,523 72.2% 200,655
Other Revenues
Other Revenues 119,222 685,963 (566,741) 575.4% 318,908 Total 119,222 685,963 (566,741) 575.4% 318,908
Other Financing Sources
Transfers In 43,800 20,463 23,337 46.7% 19,820
Total 43,800 20,463 23,337 46.7% 19,820
TOTAL REVENUES 35,433,609 24,272,188 11,161,422 68.5% 22,125,368

DRAFT Page 23 of 96
City of Goleta
General Fund
Interim Statement of Revenues and Expenditures
For the Quarter Ended March 31, 2023
Attachment 2
Annual
"Current"
Budget

QTR YTD
Actuals Encumbrances Totals
Remaining
Balance
%YTD Expended
w/ Encumbr
General Government
City Council 497,750 389,257 - 389,257 108,493 78.2%
City Manager 2,146,523 1,345,116 268,873 1,613,989 532,534 75.2% City Clerk 727,500 499,960 30,940 530,900 196,600 73.0% City Attorney 1,010,400 591,164 235,132 826,296 184,104 81.8% Community Relations 519,707 347,637 37,354 384,990 134,717 74.1% Support Services 1, 1,133,072 516,100 49,513 1,182,585 333,515 78.0% Total 4,306,205 6,417,980 621,811 4,928,017 1,489,963 76.8% General Services
General Services 651,400 348,938 45,900 394,838 256,562 60.6% Facilities 1, 958,385 355,551 119,754 1,078,139 277,412 79.5% Information Technology 870,000 437,714 197,723 635,438 234,562 73.0% Fleet Management 813,100 343,212 225,464 568,676 244,424 69.9% Total 2,088,249 3,690,051 588,841 2,677,090 1,012,961 72.5% Library
Library Services 434,591 245,743 114,696 360,438 74,153 82.9% Total 245,743 434,591 114,696 360,438 74,153 82.9%
Finance
Administration 1,793,380 977,535 122,552 1,100,087 693,293 61.3% Total 1,793,380 977,535 122,552 1,100,087 693,293 61.3% Planning & Environmental Review
Administration 436,300 293,660 - 293,660 142,640 67.3%
Current Planning 2,031,111 1,107,197 110,920 1,218,117 812,993 60.0% Building & Safety 664,085 380,424 277,941 658,365 5,720 99.1% Advanced Planning 1,059,422 466,645 244,151 710,796 348,626 67.1% Planning Commission 54,400 11,655 - 11,655 42,745 21.4% Sustainability Program 453,233 218,820 87,722 306,542 146,690 67.6% Housing Program 256,100 126,100 15,750 141,850 114,250 55.4% Total 4,954,651 2,604,501 736,485 3,340,986 1,613,665 67.4% Public Works
Administration 876,200 612,909 26,703 639,611 236,589 73.0% Engineering Services 1,397,447 470,374 660,364 1,130,737 266,710 80.9% Facility Maintenance - 306 - 306 (306) #DIV/0!
Parks & Open Spaces 2,031,619 792,316 562,581 1,354,896 676,723 66.7% Capital Improvement Program 521,713 1,794,853 189,381 711,093 1,083,759 39.6% Street Lighting 33,700 23,255 - 23,255 10,445 69.0%
Traffic Ops & Maintenance 563,800 71,971 78 72,049 491,751 12.8% Street Maintenance 6,010,681 2,083,883 2,629,423 4,713,306 1,297,375 78.4% Solid Waste and Environmen - - - - -
Total 4,576,726 12,708,299 4,068,528 8,645,254 4,063,045 68.0% Neighborhood Services
Neighborhood Services 1,189,834 847,468 68,202 915,670 274,164 77.0% Homelessness 526,600 184,542 146,576 331,119 195,481 62.9% Economic Development 179,643 127,012 52,631 179,643 - 100.0% Parks & Recreation 730,665 554,354 - 554,354 176,311 75.9% Parks & Recreation 99,892 - - - 99,892 0.0%
Total 1,713,377 2,726,634 267,408 1,980,785 745,848 72.6% Public Safety
Public Safety 9,766,000 7,006,825 - 7,006,825 2,759,175 71.7% Total 7,006,825 9,766,000 - 7,006,825 2,759,175 71.7%
Non-Departmental
Debit Service 1,827,600 790,221 - 790,221 1,037,379 43.2% Non-Departmental 5,000 13,891 - 13,891 (8,891) 277.8%
Total 804,112 1,832,600 - 804,112 1,028,488 43.9%
Capital Improvement Projects
Capital Improvement Projects 375,294 10,563,589 2,667,604 3,042,898 7,520,691 28.8% Total 375,294 10,563,589 2,667,604 3,042,898 7,520,691 28.8% TOTAL EXPENDITURES 24,698,568 54,887,775 9,187,926 33,886,494 21,001,281 61.7%

NET REVENUES OVER
EXPENDITURES (426,380) (19,454,165)
BEGINNING FUND BALANCE 39,268,940 39,268,940
ENDING FUND BALANCE 19,814,775 38,842,560

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ATTACHMENT 3:

Interim Revenue and Expenditure Summary By Fund
DRAFT Page 25 of 96
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2023
Attachment 3
Printed Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals Percent of
Current Budget
101 General Fund
Revenue 36,041,100 35,433,609 198,200 35,631,809 24,272,188 - 24,272,188 68.5% Expenditures 44,075,303 54,887,775 650,000 55,537,775 24,698,568 9,187,926 33,886,494 61.7% Addition to/(use of) reserves (19,454,165) (8,034,203) (451,800) (19,905,965) (426,380) (9,187,926) (9,614,306) Beginning Fund Balance 39,268,940 39,268,940 39,268,940 39,268,940 Ending Fund Balance 19,814,775 31,234,737 19,362,975 38,842,560 201 Gas Tax
Revenue 892,266 892,266 - 892,266 610,084 - 610,084 68.4% Expenditures 765,600 2,497,694 - 2,497,694 534,716 1,779,313 2,314,029 92.6% Addition to/(use of) reserves 126,666 (1,605,428) - (1,605,428) 75,368 (1,779,313) (1,703,945) Beginning Fund Balance 1,779,457 1,779,457 1,779,457 1,779,457 Ending Fund Balance 1,906,123 174,029 174,029 1,854,825 202 Local Transportation
Revenue 28,100 28,100 - 28,100 29,433 - 29,433 104.7%
Expenditures - 55,232 - 55,232 - - - 0.0%
Addition to/(use of) reserves 28,100 (27,132) - (27,132) 29,433 - 29,433 Beginning Fund Balance 212,617 212,617 212,617 212,617
Ending Fund Balance 240,717 185,485 185,485 242,050
203 RMRA
Revenue 722,119 722,119 - 722,119 444,348 - 444,348 61.5% Expenditures 619,000 1,403,359 - 1,403,359 398,065 950,294 1,348,359 96.1% Addition to/(use of) reserves 103,119 (681,240) - (681,240) 46,283 (950,294) (904,011) Beginning Fund Balance 984,941 984,941 984,941 984,941
Ending Fund Balance 1,088,060 303,701 303,701 1,031,224 205 Measure A
Revenue 2,129,200 2,129,200 - 2,129,200 1,680,612 - 1,680,612 78.9% Expenditures 1,827,000 5,137,459 20,000 5,157,459 678,607 2,269,288 2,947,895 57.4% Addition to/(use of) reserves 302,200 (3,008,259) (20,000) (3,028,259) 1,002,005 (2,269,288) (1,267,283) Beginning Fund Balance 4,604,290 4,604,290 4,604,290 4,604,290 Ending Fund Balance 4,906,490 1,596,031 1,576,031 5,606,295 206 Measure A-Other
Revenue - 3,090,154 (897,685) 2,192,469 - - - 0.0%
Expenditures 1,263,000 2,499,523 (897,685) 1,601,838 26,150 305,788 331,938 13.3% Addition to/(use of) reserves (1,263,000) 590,631 - 590,631 (26,150) (305,788) (331,938) Beginning Fund Balance (590,631) (590,631) (590,631) (590,631) Ending Fund Balance (1,853,631) - - (616,780)
208 County Per Capita - Goleta Library
Revenue 682,612 682,612 47,313 729,925 732,578 - 732,578 107.3% Expenditures 761,200 761,200 - 761,200 522,616 - 522,616 68.7% Addition to/(use of) reserves (78,588) (78,588) 47,313 (31,275) 209,961 - 209,961 Beginning Fund Balance 163,932 163,932 163,932 163,932
Ending Fund Balance 85,344 85,344 132,657 373,893
209 County Per Capita - Buellton Library
Revenue 157,255 157,255 - 157,255 160,691 - 160,691 102.2% Expenditures 135,400 135,400 - 135,400 42,377 15,468 57,845 42.7% Addition to/(use of) reserves 21,855 21,855 - 21,855 118,314 (15,468) 102,847 Beginning Fund Balance 150,003 150,003 150,003 150,003
Ending Fund Balance 171,858 171,858 171,858 268,318
210 County Per Capita - Solvang Library
Revenue 180,468 180,468 - 180,468 178,511 - 178,511 98.9% Expenditures 161,400 161,400 - 161,400 50,761 19,648 70,409 43.6% Addition to/(use of) reserves 19,068 19,068 - 19,068 127,750 (19,648) 108,102 Beginning Fund Balance 131,980 131,980 131,980 131,980
Ending Fund Balance 151,048 151,048 151,048 259,730
211 Solid Waste
Revenue 1,423,800 1,531,405 - 1,531,405 1,129,583 - 1,129,583 73.8% Expenditures 1,515,800 1,895,593 - 1,895,593 962,692 448,469 1,411,161 74.4% Addition to/(use of) reserves (92,000) (364,188) - (364,188) 166,891 (448,469) (281,578) Beginning Fund Balance 1,533,333 1,533,333 1,533,333 1,533,333 Ending Fund Balance 1,441,333 1,169,145 1,169,145 1,700,224 Page "1
DRAFT Page 26 of 96
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2023
Attachment 3
Printed Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals Percent of
Current Budget
212 Public Safety Donations
Revenue - - - - (17,870) - (17,870) 0.0%
Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - (17,870) - (17,870) Beginning Fund Balance 29,618 29,618 29,618 29,618
Ending Fund Balance 29,618 29,618 29,618 11,748
213 Buellton Library
Revenue 195,479 195,479 - 195,479 197,121 - 197,121 100.8% Expenditures 216,900 216,900 - 216,900 141,105 - 141,105 65.1% Addition to/(use of) reserves (21,421) (21,421) - (21,421) 56,016 - 56,016 Beginning Fund Balance 43,036 43,036 43,036 43,036
Ending Fund Balance 21,615 21,615 21,615 99,053
214 Solvang Library
Revenue 197,555 197,555 - 197,555 192,760 - 192,760 97.6% Expenditures 224,800 224,800 - 224,800 162,433 - 162,433 72.3% Addition to/(use of) reserves (27,245) (27,245) - (27,245) 30,326 - 30,326 Beginning Fund Balance 21,817 21,817 21,817 21,817
Ending Fund Balance (5,428) (5,428) (5,428) 52,144
217 Community Center
Revenue 124,590 124,590 - 124,590 58,666 - 58,666 47.1% Expenditures 501,800 601,300 - 601,300 166,769 35,453 202,222 33.6% Addition to/(use of) reserves (377,210) (476,710) - (476,710) (108,103) (35,453) (143,556) Beginning Fund Balance - - - -
Ending Fund Balance (377,210) (476,710) (476,710) (108,103) 220 GTIP
Revenue 2,016,700 2,016,700 - 2,016,700 269,397 - 269,397 13.4% Expenditures 3,291,416 18,441,436 - 18,441,436 1,215,776 5,386,559 6,602,334 35.8% Addition to/(use of) reserves (1,274,716) (16,424,736) - (16,424,736) (946,378) (5,386,559) (6,332,937) Beginning Fund Balance 13,579,984 13,579,984 13,579,984 13,579,984 Ending Fund Balance 12,305,268 (2,844,752) (2,844,752) 12,633,605 221 Parks DIF
Revenue 90,000 90,000 - 90,000 185,699 - 185,699 206.3% Expenditures 1,120,000 6,931,010 - 6,931,010 63,219 649,406 712,624 10.3% Addition to/(use of) reserves (1,030,000) (6,841,010) - (6,841,010) 122,480 (649,406) (526,925) Beginning Fund Balance 8,436,144 8,436,144 8,436,144 8,436,144 Ending Fund Balance 7,406,144 1,595,134 1,595,134 8,558,624 222 Public Facilities DIF
Revenue 17,800 17,800 - 17,800 (770) - (770) -4.3%
Expenditures - 17,030 - 17,030 - - - 0.0%
Addition to/(use of) reserves 17,800 770 - 770 (770) - (770) Beginning Fund Balance (1,639) (1,639) (1,639) (1,639)
Ending Fund Balance 16,161 (869) (869) (2,409)
223 Library DIF
Revenue 5,000 5,000 - 5,000 4,941 - 4,941 98.8%
Expenditures 184,000 184,000 - 184,000 - - - 0.0%
Addition to/(use of) reserves (179,000) (179,000) - (179,000) 4,941 - 4,941 Beginning Fund Balance 220,719 220,719 220,719 220,719
Ending Fund Balance 41,719 41,719 41,719 225,660
224 Sheriff Facilities DIF
Revenue 300 300 - 300 3,010 - 3,010 1003.5%
Expenditures - 70,281 - 70,281 - - - 0.0%
Addition to/(use of) reserves 300 (69,981) - (69,981) 3,010 - 3,010 Beginning Fund Balance 139,502 139,502 139,502 139,502
Ending Fund Balance 139,802 69,521 69,521 142,513
225 Housing in Lieu
Revenue 6,000 6,000 - 6,000 26,975 - 26,975 449.6%
Expenditures 25,000 25,000 - 25,000 - 25,000 25,000 100.0% Addition to/(use of) reserves (19,000) (19,000) - (19,000) 26,975 (25,000) 1,975 Beginning Fund Balance 1,250,001 1,250,001 1,250,001 1,250,001 Ending Fund Balance 1,231,001 1,231,001 1,231,001 1,276,976 Page "2
DRAFT Page 27 of 96
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2023
Attachment 3
Printed Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals Percent of
Current Budget
226 Environmental Programs
Revenue 500 500 - 500 3,695 - 3,695 738.9%
Expenditures 9,400 9,400 - 9,400 - - - 0.0%
Addition to/(use of) reserves (8,900) (8,900) - (8,900) 3,695 - 3,695 Beginning Fund Balance 171,202 171,202 171,202 171,202
Ending Fund Balance 162,302 162,302 162,302 174,896
229 Fire DIF
Revenue 52,300 52,300 - 52,300 74,012 - 74,012 141.5%
Expenditures - 4,842,367 - 4,842,367 5,214 639,448 644,662 13.3% Addition to/(use of) reserves 52,300 (4,790,067) - (4,790,067) 68,798 (639,448) (570,650) Beginning Fund Balance 3,387,651 3,387,651 3,387,651 3,387,651 Ending Fund Balance 3,439,951 (1,402,416) (1,402,416) 3,456,449 230 Long Range Development Plan (LRDP)
Revenue - 3,318,514 - 3,318,514 368 - 368 0.0%
Expenditures - 3,318,514 - 3,318,514 104,135 354,417 458,552 13.8% Addition to/(use of) reserves - - - - (103,767) (354,417) (458,183) Beginning Fund Balance 160,196 160,196 160,196 160,196
Ending Fund Balance 160,196 160,196 160,196 56,429
231 Developer Agreements
Revenue 1,500 1,500 - 1,500 - - - 0.0%
Expenditures - 270,000 - 270,000 - - - 0.0%
Addition to/(use of) reserves 1,500 (268,500) - (268,500) - - - Beginning Fund Balance 615,163 615,163 615,163 615,163
Ending Fund Balance 616,663 346,663 346,663 615,163
232 County Fire DIF
Revenue 100,000 849,514 - 849,514 - - - 0.0%
Expenditures 100,000 723,951 - 723,951 126,544 47,310 173,854 24.0% Addition to/(use of) reserves - 125,563 - 125,563 (126,544) (47,310) (173,854) Beginning Fund Balance (125,563) (125,563) (125,563) (125,563) Ending Fund Balance (125,563) - - (252,107)
233 OBF-SCE
Revenue - 503,201 - 503,201 - - - 100.0%
Expenditures - (131,411) - (131,411) (131,411) - (131,411) 20.7% Addition to/(use of) reserves - 634,612 - 634,612 131,411 - 131,411 Beginning Fund Balance (3,201) (3,201) (3,201) (3,201)
Ending Fund Balance (3,201) 631,411 631,411 128,210
234 Storm Drain Facilities
Revenue 72,700 72,700 - 72,700 10,702 - 10,702 14.7%
Expenditures 550,000 600,000 - 600,000 - 32,000 32,000 5.3% Addition to/(use of) reserves (477,300) (527,300) - (527,300) 10,702 (32,000) (21,298) Beginning Fund Balance 532,103 532,103 532,103 532,103
Ending Fund Balance 54,803 4,803 4,803 542,805
235 Bicycle & Pedestrian Facilities
Revenue 14,400 14,400 - 14,400 2,878 - 2,878 0.0%
Expenditures - - - - - - - 20.0%
Addition to/(use of) reserves 14,400 14,400 - 14,400 2,878 - 2,878 Beginning Fund Balance 221,676 221,676 221,676 221,676
Ending Fund Balance 236,076 236,076 236,076 224,554
236 Misc Grants Library
Revenue - 15,628 - 15,628 15,628 - 15,628 100.0%
Expenditures - 56,480 - 56,480 14,679 - 14,679 26.0%
Addition to/(use of) reserves - (40,852) - (40,852) 949 - 949 Beginning Fund Balance 40,852 40,852 40,852 40,852
Ending Fund Balance 40,852 - - 41,801
237 Local Grants
Revenue - 61,333 - 61,333 - - - 0.0%
Expenditures - 555 - 555 - - - 0.0%
Addition to/(use of) reserves - 60,778 - 60,778 - - -
Beginning Fund Balance (60,778) (60,778) (60,778) (60,778) Ending Fund Balance (60,778) - - (60,778)
Page "3
DRAFT Page 28 of 96
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2023
Attachment 3
Printed Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals Percent of
Current Budget
238 Non-Residential Affordable Housing DIF
Revenue 84,200 84,200 - 84,200 6,384 - 6,384 7.6%
Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves 84,200 84,200 - 84,200 6,384 - 6,384 Beginning Fund Balance - - - -
Ending Fund Balance 84,200 84,200 84,200 6,384
301 State Park Grant
Revenue 177,952 177,952 - 177,952 - - - 0.0%
Expenditures 177,952 177,952 - 177,952 - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
302 Public Safety Fund COPS
Revenue 156,700 165,271 - 165,271 159,736 - 159,736 96.7% Expenditures 156,700 165,271 - 165,271 - - - 0.0%
Addition to/(use of) reserves - - - - 159,736 - 159,736 Beginning Fund Balance - - - -
Ending Fund Balance - - - 159,736
304 Solid Waste Fund Recycle
Revenue 8,000 54,605 - 54,605 46,605 - 46,605 85.3%
Expenditures 8,200 54,805 - 54,805 9,162 138 9,300 17.0% Addition to/(use of) reserves (200) (200) - (200) 37,443 (138) 37,305 Beginning Fund Balance 39,334 39,334 39,334 39,334
Ending Fund Balance 39,134 39,134 39,134 76,776
305 RSTP State Grant
Revenue - 565,315 - 565,315 - - - 0.0%
Expenditures - (64,994) - (64,994) (75,145) 5,582 (69,562) 107.0% Addition to/(use of) reserves - 630,309 - 630,309 75,145 (5,582) 69,562 Beginning Fund Balance (495,495) (495,495) (495,495) (495,495) Ending Fund Balance (495,495) 134,814 134,814 (420,350) 306 LSTP
Revenue 119,117 603,109 - 603,109 - - - 0.0%
Expenditures 119,117 415,732 - 415,732 32,169 15,224 47,393 11.4% Addition to/(use of) reserves - 187,377 - 187,377 (32,169) (15,224) (47,393) Beginning Fund Balance (186,933) (186,933) (186,933) (186,933) Ending Fund Balance (186,933) 444 444 (219,102)
308 STIP
Revenue - 11,386,694 - 11,386,694 - - - 0.0%
Expenditures - 11,372,000 - 11,372,000 19,930 - 19,930 0.2% Addition to/(use of) reserves - 14,694 - 14,694 (19,930) - (19,930) Beginning Fund Balance (4,309) (4,309) (4,309) (4,309)
Ending Fund Balance (4,309) 10,385 10,385 (24,239)
310 CAL FIRE GRANT
Revenue - 1,708,872 - 1,708,872 - - - 0.0%
Expenditures - 1,708,872 - 1,708,872 - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
311 Misc. Grants
Revenue - 238,500 - 238,500 4,649 - 4,649 1.9%
Expenditures - 547,935 - 547,935 17,318 308,870 326,188 59.5% Addition to/(use of) reserves - (309,435) - (309,435) (12,669) (308,870) (321,539) Beginning Fund Balance 9,465 9,465 9,465 9,465
Ending Fund Balance 9,465 (299,970) (299,970) (3,204)
317 SSARP Grant
Revenue - 53,000 - 53,000 - - - 0.0%
Expenditures - 3,596 - 3,596 - 4,079 4,079 113.4%
Addition to/(use of) reserves - 49,404 - 49,404 - (4,079) (4,079) Beginning Fund Balance (49,404) (49,404) (49,404) (49,404) Ending Fund Balance (49,404) - - (49,404)
Page "4
DRAFT Page 29 of 96
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2023
Attachment 3
Printed Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals Percent of
Current Budget
318 Active Transportation Program - State
Revenue 650,000 3,359,000 - 3,359,000 - - - 0.0%
Expenditures 650,000 3,344,245 - 3,344,245 - 16,169 16,169 0.5% Addition to/(use of) reserves - 14,755 - 14,755 - (16,169) (16,169) Beginning Fund Balance (14,755) (14,755) (14,755) (14,755) Ending Fund Balance (14,755) 0 0 (14,755)
319 Housing & Community Development State Fund
Revenue - 233,654 - 233,654 3,150 - 3,150 1.3%
Expenditures - 180,322 - 180,322 74,406 54,530 128,936 71.5% Addition to/(use of) reserves - 53,331 - 53,331 (71,256) (54,530) (125,786) Beginning Fund Balance (53,331) (53,331) (53,331) (53,331) Ending Fund Balance - (53,331) - (124,587)
320 Cal OES
Revenue - (14,231) - (14,231) - - - 0.0%
Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - (14,231) - (14,231) - - - Beginning Fund Balance 14,231 14,231 14,231 14,231
Ending Fund Balance 14,231 - - 14,231
321 TIRCP
Revenue 9,681,877 10,739,773 - 10,739,773 599,593 - 599,593 Expenditures 9,681,877 10,478,711 - 10,478,711 640,060 203,143 843,203 8.0% Addition to/(use of) reserves - 261,062 - 261,062 (40,467) (203,143) (243,610) -93.3% Beginning Fund Balance (230,458) (230,458) (230,458) (230,458) Ending Fund Balance (230,458) 30,604 30,604 (270,925)
322 MBHMP
Revenue - 3,975,000 - 3,975,000 294,787 - 294,787
Expenditures 75,000 3,399,124 - 3,399,124 592,713 640,501 1,233,214 36.3% Addition to/(use of) reserves (75,000) 575,876 - 575,876 (297,926) (640,501) (938,427) -163.0% Beginning Fund Balance (592,760) (592,760) (592,760) (592,760) Ending Fund Balance (667,760) (16,884) (16,884) (890,686) 323 Cal OES PSPS Grant
Revenue - - - - - - -
Expenditures - 29,770 - 29,770 24,249 8,684 32,933 110.6% Addition to/(use of) reserves - (29,770) - (29,770) (24,249) (8,684) (32,933) 110.6% Beginning Fund Balance 29,770 29,770 29,770 29,770
Ending Fund Balance 29,770 - - 5,521
324 California Planning Program Grant
Revenue - 114,881 - 114,881 107,790 - 107,790
Expenditures - 7,091 - 7,091 - - - 0.0%
Addition to/(use of) reserves - 107,790 - 107,790 107,790 - 107,790 100.0% Beginning Fund Balance (107,790) (107,790) (107,790) (107,790) Ending Fund Balance (107,790) - - -
325 Isla Vista Library Grant
Revenue - - - - - - -
Expenditures - 51,870 - 51,870 61,879 938 62,817 121.1% Addition to/(use of) reserves - (51,870) - (51,870) (61,879) (938) (62,817) 121.1% Beginning Fund Balance 51,870 51,870 51,870 51,870
Ending Fund Balance 51,870 - - (10,009)
401 HBP
Revenue 1,668,000 15,478,056 - 15,478,056 - - - 0.0%
Expenditures 1,668,000 15,374,643 - 15,374,643 182,710 2,092,033 2,274,743 14.8% Addition to/(use of) reserves - 103,413 - 103,413 (182,710) (2,092,033) (2,274,743) Beginning Fund Balance (103,412) (103,412) (103,412) (103,412) Ending Fund Balance (103,412) 0 0 (286,123)
402 CDBG
Revenue 353,279 995,374 - 995,374 153,564 - 153,564 15.4% Expenditures 593,072 995,374 - 995,374 156,365 113,753 270,118 27.1% Addition to/(use of) reserves (239,793) - - - (2,801) (113,753) (116,554) Beginning Fund Balance - - - -
Ending Fund Balance (239,793) - - (2,801)
Page "5
DRAFT Page 30 of 96
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2023
Attachment 3
Printed Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals Percent of
Current Budget
409 OTS
Revenue - 3,972 - 3,972 - - - 0.0%
Expenditures - (565) - (565) (565) - (565) 100.0%
Addition to/(use of) reserves - 4,537 - 4,537 565 - 565 Beginning Fund Balance (4,537) (4,537) (4,537) (4,537)
Ending Fund Balance - (4,537) - (3,972)
417 HSIP Hwy Safety Imp.

Revenue 2,739,500 3,120,100 - 3,120,100 - - - 0.0%
Expenditures 2,739,500 3,120,100 - 3,120,100 - - - 0.0% Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance 5,636 5,636 5,636 5,636
Ending Fund Balance 5,636 5,636 5,636 5,636
419 TIGER
Revenue - - - - - - - 0.0%
Expenditures - * - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
420 FHWA - FEMA Reimb
Revenue - 87,746 - 87,746 - - - 0.0%
Expenditures - 87,746 - 87,746 - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance 58,107 58,107 58,107 58,107
Ending Fund Balance 58,107 58,107 58,107 58,107
421 Hazard Mitigation Grant Program
Revenue - 3,858,620 - 3,858,620 - - - 0.0%
Expenditures - 3,853,060 - 3,853,060 - 3,847,066 3,847,066 99.8% Addition to/(use of) reserves - 5,560 - 5,560 - (3,847,066) (3,847,066) Beginning Fund Balance (5,560) (5,560) (5,560) (5,560)
Ending Fund Balance (5,560) 0 0 (5,560)
423 Coronavirus State & Local Fiscal Recovery Funds
Revenue 2,966,995 5,933,990 - 5,933,990 - - - 0.0%
Expenditures 5,783,990 5,783,990 - 5,783,990 750,000 - 750,000 13.0% Addition to/(use of) reserves (2,816,995) 150,000 - 150,000 (750,000) - (750,000) Beginning Fund Balance - - - -
Ending Fund Balance (2,816,995) 150,000 150,000 (750,000) 424 Community Project Funding HMGP
Revenue - 3,000,000 - 3,000,000 - - - 0.0%
Expenditures - 3,000,000 - 3,000,000 - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
501 Library Services
Revenue 560,600 560,600 - 560,600 215,955 - 215,955 38.5% Expenditures 673,500 673,500 - 673,500 462,783 16,136 478,919 71.1% Addition to/(use of) reserves (112,900) (112,900) - (112,900) (246,828) (16,136) (262,964) Beginning Fund Balance 896,723 896,723 896,723 896,723
Ending Fund Balance 783,823 783,823 783,823 649,896
502 Street Lighting
Revenue 306,000 306,000 - 306,000 184,878 - 184,878 60.4% Expenditures 305,500 333,637 - 333,637 171,342 - 171,342 51.4% Addition to/(use of) reserves 500 (27,637) - (27,637) 13,536 - 13,536 Beginning Fund Balance 190,727 190,727 190,727 190,727
Ending Fund Balance 191,227 163,090 163,090 204,263
503 PEG
Revenue 71,000 71,000 - 71,000 33,041 - 33,041 46.5%
Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves 71,000 71,000 - 71,000 33,041 - 33,041 Beginning Fund Balance 177,574 177,574 177,574 177,574
Ending Fund Balance 248,574 248,574 248,574 210,614
504 CASp Cert and Training
Revenue 100 100 - 100 661 - 661 661.2%
Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves 100 100 - 100 661 - 661
Beginning Fund Balance 532 532 532 532
Ending Fund Balance 632 632 632 1,193
Page "6
DRAFT Page 31 of 96
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended March 31, 2023
Attachment 3
Printed Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals Percent of
Current Budget
605 RDA Successor-NonHousing
Revenue 1,151,844 1,151,844 - 1,151,844 1,174,656 - 1,174,656 102.0% Expenditures 1,225,788 1,225,788 - 1,225,788 706,419 169,444 875,863 71.5% Addition to/(use of) reserves (73,944) (73,944) - (73,944) 468,237 (169,444) 298,793 Beginning Fund Balance (8,735,582) (8,735,582) (8,735,582) (8,735,582) Ending Fund Balance (8,809,526) (8,809,526) (8,809,526) (8,267,345) 608 iBank
Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
701 Comstock Plover Endmnt
Revenue 2,000 2,000 - 2,000 1,625 - 1,625 81.2%
Expenditures 2,000 2,000 - 2,000 - - - 0.0%
Addition to/(use of) reserves - - - - 1,625 - 1,625
Beginning Fund Balance - - - -
Ending Fund Balance - - - 1,625
702 Section 115 Trust - Pension
Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance 153,548 153,548 153,548 153,548
Ending Fund Balance 153,548 153,548 153,548 153,548
703 Section 115 Trust - OPEB
Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance 301,225 301,225 301,225 301,225
Ending Fund Balance 301,225 301,225 301,225 301,225
801 Developer Deposit
Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -

TOTAL FOR ALL FUNDS
Revenue 65,848,908 120,405,198 (652,172) 119,753,026 33,252,316 33,252,316 27.6% Expenditures 81,207,215 172,157,823 (227,685) 171,930,138 33,608,811 29,642,074 63,250,886 36.7% Addition to/(use of) reserves (15,358,307) (51,752,625) (424,487) (52,177,112) (356,496) 29,642,074 (29,998,570) Beginning Fund Balance 68,241,758 68,241,758 68,241,758 68,241,758 Ending Fund Balance 52,883,451 16,489,133 16,064,646 67,885,262 Page "7
DRAFT Page 32 of 96
ATTACHMENT 4:

Capital Improvement Program (CIP) Expenditure Summary
DRAFT Page 33 of 96
City of Goleta
Capital Improvement Program (CIP) Expenditure Summary
For the Quarter Ended March 31, 2023
Attachment 4
Project No. & Description Current Budget Activity Encumbrance s
Remaining
Budget
9001 Hollister Avenue Redesign $ 602,931 $ - $ - $ 602,931 9002 Ekwill Street & Fowler Extension $ 21,435,786 $ 708,330 $ 3,739,163 $ 16,988,293 9006 Capital Improvement Projects - Neighborhood Srvs $ 7,039,685 $ 292,567 $ 200,123 $ 6,546,995 9007 San Jose Creek Bike Path - Middle Segment $ 1,028,637 $ 61,635 $ 241,836 $ 725,167 9024 Ellwood Mesa $ 1,760 $ 363 $ - $ 1,397
9025 Fire Station No. 10 $ 5,836,318 $ 131,757 $ 686,758 $ 5,017,803 9027 101 Overpass $ 1,182,914 $ 4,963 $ 1,137,052 $ 40,899 9031 Old Town Sidewalk Improvement $ 589,606 $ - $ 511,438 $ 78,168 9033 Hollister Avenue Bridge Replacement (SJC Phase II) $ 18,550,290 $ 250,321 $ 2,449,325 $ 15,850,644 9042 Storke Road Widening Phelps Road to City Limits $ 383,716 $ - $ - $ 383,716 9044 Hollister Widen Storke to 280 Ft W of S Glen Annie $ 940,951 $ - $ - $ 940,951 9045 Los Carneros Rd Interchange SB 101 Onramp $ 8,885 $ - $ - $ 8,885 9053 Cathedral Oaks Cribwall Interim Repair $ 7,303,158 $ 45,752 $ 187,220 $ 7,070,186 9056 LED Street Lighting Project $ 196,159 $ 22,024 $ 125,840 $ 48,296 9058 Hollister Avenue Crosswalk Enhancement-Chapel Str 92,787 $ -$ $ 90,496 $ 2,292 9062 Storke Road Medians $ 746,247 $ 123,704 $ 7,203 $ 615,340 9063 Evergreen Park Restroom $ 258,506 $ - $ - $ 258,506 9065 Reclaimed Water Service to Bella Vista Park $ 204,141 $ - $ - $ 204,141 9066 Miscellaneous Park Improvements $ 35,731 $ 13,442 $ 21,113 $ 1,175 9067 Goleta Community Center Seismic Upgrades $ 7,963,988 $ 206,987 $ 5,226,429 $ 2,530,572 9069 Miscellaneous Facilities Improvements $ 10 $ - $ - $ 10 9070 Fairview Ave at Calle Real/101 Sidewalk Infil $ 24,001 $ - $ - $ 24,001 9071 Improvements to Athletic Field @ GCC $ 31,163 $ 3,245 $ - $ 27,918 9072 La Patera Road Overcrossing/Undercrossing $ 218,644 $ - $ - $ 218,644 9073 La Patera Rd Sidewalk Infill & Class II Bike Lanes $ 129,805 $ - $ - $ 129,805 9074 Stow Grove Park Master Plan & Renovation $ 887,825 $ 27,260 $ 50,878 $ 809,687 9078 Rancho La Patera Improvements $ 648,304 $ - $ 52,926 $ 595,377 9079 Goleta Train Depot & S. La Patera Improvements $ 10,495,840 $ 640,060 $ 203,143 $ 9,652,637 9080 Electrical Utility Undergrounding $ 9 $ - $ - $ 9
9083 Signal Upgrades $ 3,215,100 $ 216 $ - $ 3,214,884
9084 Community Garden $ 1,968,897 $ 8,691 $ 326,781 $ 1,633,426 9085 Old Town Goleta Drainage Study $ 250,000 $ - $ - $ 250,000 9086 Vision Zero Plan $ 10,000 $ - $ - $ 10,000
9087 Mid-Block Crossing on Calle Real/Encina (HAWK) $ 106,555 $ 38,058 $ 36,094 $ 32,403 9088 RRFB Improvements at School Crosswalks $ 127,608 $ 39,965 $ 96,769 $ (9,126) 9089 Goleta Traffic Safety Study (GTSS) $ 49,895 $ - $ 4,079 $ 45,816 9093 San Miguel Park Improvements $ 245,000 $ - $ - $ 245,000 9094 Santa Barbara Shores Park Improvements $ 180,000 $ - $ - $ 180,000 9097 Fairview Corridor Study (Fowler to Calle Real) $ 140,100 $ - $ - $ 140,100 9098 Crosswalk at S. Kellogg Avenue $ 29,983 $ - $ - $ 29,983 9099 Crosswalk at Calle Real @ Fairview $ 779,616 $ 15,339 $ 595,898 $ 168,379 9100 Fairview Ave and Hollister Ave Roundabout $ 520,000 $ - $ - $ 520,000 9101 City Hall Purchase & Improvements $ 70,291 $ - $ - $ 70,291 9102 Storke Road Corridor Study $ 138,775 $ - $ - $ 138,775 9103 Citywide School Zone Signage & Striping Evaluation $ 19,950 $ - $ - $ 19,950 9104 Citywide Evaluation of Existing Traffic Signals $ 68,800 $ - $ - $ 68,800 9106 Phelps Ditch Flood Control Channel Trash Control $ 50,000 $ - $ - $ 50,000 9107 Old Town S Fairview Av High Flow Trash Capture D $ 350,000 $ - $ 32,000 $ 318,000 9108 Winchester II Park $ 59,641 $ - $ 25,493 $ 34,148
9110 Hollister Ave Class 1 Bike Path Lighting $ 679,615 $ 11,279 $ 75,342 $ 592,994 9111 Jonny D. Wallis Park Phase 2 - Splash Pad $ 2,311,722 $ 10,581 $ 172,214 $ 2,128,928 9112 Ellwood Mesa/Sperling Preserve Open Space Plan $ 3,324,124 $ 592,713 $ 640,501 $ 2,090,910 9113 Mathilda Park Improvements $ 511,981 $ 432 $ 11,947 $ 499,603 9114 Hollister Ave Old Town Interim Striping Project $ 1,378,446 $ 31,216 $ 23,227 $ 1,324,003 9115 Public Works Corp Yard Repairs $ 600,000 $ 8,519 $ 26,481 $ 565,000 9116 Pickleball Courts $ 100,000 $ - $ - $ 100,000
9117 San Jose Creek Channel Fish Passage Modification $ 1,264,347 $ 48,151 $ 569,225 $ 646,971 9118 Ellwood Coastal Trails & Habitat Restoration $ 283,500 $ - $ - $ 283,500 9119 Ellwood Beach Drive Drainage $ 143,000 $ 7,126 $ 82,875 $ 53,000 9120 Evergreen Park Drainage Repair $ 52,300 $ - $ 4,238 $ 48,062 9121 Goleta Community Center ADA Improvements $ 3,912,746 $ 13,698 $ 76,425 $ 3,822,623 9122 City-Wide Open Space Management & Maintenance $ 100,000 $ - $ - $ 100,000 9123 Lake Los Carneros Master Plan $ 250,000 $ - $ - $ 250,000 9124 Fairview & Stow Canyon Traffic Signal $ 200,000 $ - $ - $ 200,000 9125 Rectangular Rapid Flashing Beacons (RRFBs) Calle Real @ Jenna $ 100,000 $ - $ - $ 100,000 9807 Goleta Prepare Now Grant $ 9,435 $ 8,834 $ - $ 601 9901 MIS/ERP System Implementation $ 349,272 $ - $ 41,309 $ 307,963 Grand Total $ 110,788,498 $3,367,227 $ 17,771,838 $ 89,649,432 DRAFT Page 34 of 96
ATTACHMENT 5:

Resolution Amending the City's Operating & CIP Budget for Fiscal Year 2022/23
DRAFT Page 35 of 96
Attachment 5

RESOLUTION NO. 22-___

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

GOLETA, CALIFORNIA, AMENDING THE CITY OF GOLETA
OPERATING AND CIP BUDGET FOR FISCAL YEAR 2022/23,

AMENDING THE CITY OF GOLETA SCHEDULE OF
AUTHORIZED POSITOINS FOR FISCAL YEAR 2022/23, AND

AMENDING THE CITY OF GOLETA SALARY SCHEDULE FOR
FISCAL YEAR 2022/23.

WHEREAS, the City Council of the City of Goleta adopted the Operating Budget and Capital Improvement Program for Fiscal Year 2022/23 on June 21, 2022; and
WHEREAS, the City Manager has proposed a budget adjustment as described in the Council report dated June 6, 2023 for Fiscal Year 2022/23 based on the determination by the City Manager that this adjustment is essential to the City’s operations; and
WHEREAS, the City Council has reviewed the proposed budget adjustments for the Third Quarter Ended March 31, 2023 and does hereby find the recommendation to be necessary and in the City’s best interest; and WHEREAS, Section 2.1 of the City of Goleta Personnel Rules specifies that the Personnel Officer shall recommend and maintain a classification/compensation plan for all positions in the City service; and WHEREAS, on September 1, 2022, December 6, 2022, December 20, 2022, and March 7, 2023 the City Council adopted most recent said recommended authorized positions, salary schedule and appropriations for the City of Goleta Operating and CIP Budget for Fiscal Year 2022/23; and WHEREAS, the City Council has reviewed the proposed amended authorized positions, salary schedule and budget adjustments for Fiscal Year 2022/23 and does hereby find the recommendation to be necessary in the City’s best interest.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF GOLETA AS FOLLOWS:

SECTION 1.

The City of Goleta Operating and CIP Budget for Fiscal Year 2022/23 is hereby amended as follows as per Exhibit A to this resolution.

SECTION 2.

DRAFT
The City of Goleta Schedule of Authorized Positions for Fiscal Year

Attachment 5

2022/23 included herein as Exhibit B is amended to reallocate the Public Works department partial position splits to one department, reclass the Public Works Parks & Open Spaces Maintenance Worker I position to Maintenance Worker II position, and reclass the Planning Sustainability Management Assistant position to Management Analyst position and is hereby approved and adopted to supersede any prior schedule of authorized positions.

SECTION 3.

The City of Goleta Salary Schedule for Fiscal Year 2022/23 is amended effective June 6, 2023 to include an additional salary increase for certain positions, as included herein as Exhibit C.

SECTION 4.

The City Clerk shall certify to the passage and adoption of this resolution and enter it into the book of original resolutions.

PASSED, APPROVED, AND ADOPTED this 6th day of June, 2023.

__________________________

PAULA PEROTTE, MAYOR
ATTEST: APPROVED AS TO FORM:
_____________________________ ___________________________ DEBORAH S. LOPEZ MEGAN GARIBALDI

CITY CLERK CITY ATTORNEY
DRAFT Page 37 of 96
Attachment 5

STATE OF CALIFORNIA )
COUNTY OF SANTA BARBARA ) ss.

CITY OF GOLETA )
I, DEBORAH S. LOPEZ, City Clerk of the City of Goleta, California, DO HEREBY CERTIFY that the foregoing Resolution No. 22-___ was duly adopted by the City Council of the City of Goleta at a regular meeting held on the 6th day of June, 2023, by the following vote of the Council:

AYES:

NOES:

ABSENT:
(SEAL)

_________________________
DEBORAH S. LOPEZ

CITY CLERK
DRAFT Page 38 of 96
Schedule of FY 2022/23
3rd QTR Adjustments - Revenues
Exhibit A
Program/Project
Name Fund Proj Object Account Code Requests Account Name FY 2022/23
Current
Budget
FY 2022/23
Actuals
FY 2021/22
Budget
Balance
Type of
Request
FY 2022/23
Amended Budget
FY 2022/23
Adjusted
Budget
Balance
Non-Departmental 101 8500 41201 101-80-8500-41201 133,200.00 Franchise Fee - Electric - 450,000.00 450,000.00 Cleanup 583,200.00 583,200.00 Non-Departmental 101 8500 41202 101-80-8500-41202 50,000.00 Franchise Fee - Gas - 80,000.00 80,000.00 Cleanup 130,000.00 130,000.00 Non-Departmental 101 8500 45902 101-80-8500-45902 15,000.00 Merchant Card Service Fee 13,555.97 5,000.00 (8,555.97) Cleanup 20,000.00 6,444.03 Hollister Ave Old Town Interim Striping Project
206 9114 44701 206-90-9114-44701 (897,685.00) Grant Proceeds - Other Agencies 1,263,000.00 - 1,263,000.00 Cleanup 365,315.00 365,315.00 Goleta Library 208 2100 44702 208-20-2100-44702 47,313.00 County Per Capita 682,112.00 729,425.00 (47,313.00) Cleanup 729,425.00 - Total (652,172.00) $
DRAFT

Schedule of FY 2022/23
3rd QTR Adjustments - Expenditures
Exhibit A
Program/Project
Name Fund Program Object Department Program Category Subcategory Account Code Appropriation
/
Transfer
Requests
Account Name FY 2022/23 Current Budget FY 2022/23 Actuals FY 2022/23 Encumbrance FY 2022/23 Budget Balance Type of Request FY 2022/23 Amended Budget FY 2022/23 Adjusted Budget Balance Frequency Engineering Services 101 5200 54004 50 Public Works 5200 Engineering Services 540 Other Charges 5400 Miscellaneous Services 101-50-5200-54004 635,000.00 Emergency Response 200,000.00 8,202.00 206,030.60 (14,232.60) New 835,000.00 620,767.40 One-Time Non-Departmental 101 8500 54000 80 Non-Departmental 8500 Non-Departmental 540 Other Charges 5400 Miscellaneous Services 101-80-8500-54000 15,000.00 Bank Fees 5,000.00 13,891.21 (8,891.21) Cleanup - 20,000.00 6,108.79 One-Time Crosswalk at Calle Real @ Fairview 205 9099 57071 90 Capital Improvement 9099 Crosswalk at Calle Real @ Fairview 570 Capital Assets 5707 Capital Project 205-90-9099-57071 20,000.00 Construction 211,745.00 5,574.56 43,922.44 162,248.00 New 231,745.00 182,248.00 One-Time Hollister Ave Old Town Interim
Striping Project
206 9114 57071 90 Capital Improvement
9114 Hollister Ave Old
Town Interim Striping
Project
570 Capital Assets 5707 Capital Project 206-90-9114-57071 (897,685.00) Construction 1,263,000.00 - 1,263,000.00 Cleanup - 365,315.00 365,315.00 One-Time Old Town Goleta Drainage Study 234 9085 57070 90 Capital Improvement 9085 Old Town Goleta Drainage Study 570 Capital Assets 5707 Capital Project 234-90-9085-57070 (50,000.00) Design 150,000.00 - 150,000.00 Transfer - 100,000.00 100,000.00 One-Time Ellwood Beach Drive Drainage 234 9119 57070 90 Capital Improvement 9119 Ellwood Beach Drive Drainage 570 Capital Assets 5707 Capital Project 234-90-9119-57070 50,000.00 Design 50,000.00 - 50,000.00 Transfer - 100,000.00 100,000.00 One-Time Total $ (227,685.00)
DRAFT

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2021/22 AND 2022/23
Exhibit B
Department/Positions
FY 22/23
Adopted March 7,
2023
Program
Reallocation Reclass
Additions/
Deletions
FY 22/23
Proposed May 16,
2023
General Government:

City Manager
City Manager 1.00 1.00
Manager Emeritus 1.00 1.00
Assistant City Manager 1.00 1.00
Assistant to the City Manager 1.00 1.00
Management Analyst 1.00 1.00
Executive Assistant 1.00 1.00
Office Specialist 0.90 0.90
Total City Manager 6.90 - - - 6.90
City Clerk
City Clerk 1.00 1.00
Deputy City Clerk 2.00 2.00
Public Records Specialist 1.00 1.00
Total City Clerk 4.00 - - - 4.00
City Attorney
Assistant City Attorney 1.00 1.00
Human Resources Technician 1.00 1.00
Total City Attorney - 2.00 - - 2.00
Community Relations
Community Relations Manager 1.00 1.00
Management Assistant 1.75 1.75
Total Community Relations 2.75 - - - 2.75
Human Resources/Risk Management
Human Resources Risk Manager 1.00 1.00
Human Resources Analyst 1.00 1.00
Human Resources Analyst/DEI Officer 1.00 1.00
Human Resources Technician 1.00 (1.00) -
Management Assistant (1.00) 1.00 -
Total Human Resources/Risk Management 3.00 - - - 3.00
Total General Government 18.65 - - - 18.65
General Services:

General Services Administration
General Services Director 1.00 1.00
Senior Management Analyst 1.00 1.00
Management Assistant 1.00 1.00
Total General Services Administration 3.00 - - - 3.00
City Facilities and Fleet Management
Facilities Maintenance Technician 1.00 1.00
Total City Facilities Management 1.00 - - - 1.00
Information and Communications
Management Analyst 1.00 1.00
Total Information and Communications 1.00 - - - 1.00
Total General Services 5.00 - - - 5.00
Finance:

Finance Administration
Finance Director 1.00 1.00
Accounting Manager 1.00 1.00
Accounting Supervisor 1.00 1.00
Accountant 2.00 2.00
Budget Analyst 1.00 1.00
Management Assistant 1.00 1.00
Accounting Specialist 4.00 4.00
Senior Office Specialist 1.00 1.00
Total Finance 12.00 - - - 12.00
Planning Environmental Review
Current Planning
Planning Director - -
Planning Manager 1.00 1.00
Supervising Senior Planner 2.00 2.00
Senior Planner 1.00 1.00
Associate Planner 3.00 3.00
Code Compliance Officer 2.00 2.00
Permit Technician 1.00 1.00
Office Specialist 0.50 0.50
Total Current Planning 10.50 - - - 10.50
DRAFT Page 41 of 96

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2021/22 AND 2022/23
Exhibit B
Department/Positions
FY 22/23
Adopted March 7,
2023
Program
Reallocation Reclass
Additions/
Deletions
FY 22/23
Proposed May 16,
2023
Advance Planning
Planning Manager 1.00 1.00
Senior Planner 2.00 2.00
Total Advance Planning 3.00 - - - 3.00
Planning Comm & Design Rev
Planning Commission Clerk 1.00 1.00
Total Planning Comm & Design Rev - 1.00 - - 1.00
Sustainability Program
Sustainability Manager 1.00 1.00
Management Analyst - 1.00 1.00
Management Assistant 1.00 (1.00) -
Total Sustainability Program 2.00 - - - 2.00
Housing Program
Senior Housing Analyst 1.00 1.00
Total Housing Program 1.00 - - - 1.00
Administration
Planning Director 1.00 1.00
Management Assistant 1.00 1.00
Total Administration 2.00 - - - 2.00
Total Planning Environmental Review 19.50 - - - 19.50
Public Works:

Administration
Public Works Director 1.00 1.00
Assistant Public Works Director 1.00 1.00
Senior Management Analyst 1.00 1.00
Mangement Analyst 1.00 1.00
Management Assistant 1.00 1.00
Total Administration 5.00 - - - 5.00
Engineering
Principal Civil Engineer / Engineering Manager 1.00 1.00 Assistant Engineer 1.00 1.00
Public Works Inspector 1.00 1.00
Senior Engineering Technician 1.00 1.00
Total Engineering 4.00 - - - 4.00
Parks & Open Spaces
Parks & Open Spaces Manager 1.00 1.00
Public Works Supervisor 1.00 1.00
Management Analyst - 1.00 1.00
Environmental Services Specialist 1.00 (1.00) -
Administrative Assistant 1.00 1.00
Maintenance Worker II 1.00 1.00 2.00
Maintenance Worker I 3.00 (1.00) 2.00
Total Parks & Open Spaces 8.00 - - - 8.00
Capital Improvement
Principal Civil Engineer / Engineering Manager 2.00 2.00 Senior Project Engineer 1.00 1.00
Senior Engineer 1.00 1.00
Assistant Engineer 2.00 2.00
Senior Office Specialist 1.00 1.00
Total Capital Improvement 7.00 - - - 7.00
Street Lighting
Assistant Engineer - -
Total Street Lighting - - - - -
Traffic Ops & Maint
Principal Civil Engineer / Engineering Manager 1.00 1.00 Assistant Engineer 1.00 1.00
Total Traffic Ops & Maint 2.00 - - - 2.00
Street Maintenance
Public Works Manager 1.00 1.00
Public Works Supervisor 1.00 1.00
Administrative Assistant 1.00 1.00
Maintenance Worker II 3.00 3.00
Maintenance Worker I 1.00 1.00
DRAFT
Total Street Maintenance 7.00 - - - 7.00

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2021/22 AND 2022/23
Exhibit B
Department/Positions
FY 22/23
Adopted March 7,
2023
Program
Reallocation Reclass
Additions/
Deletions
FY 22/23
Proposed May 16,
2023
Solid Waste & Environmental Services
Environmental Services Manager 1.00 1.00
Environmental Services Specialist 1.00 1.00
Administrative Assistant 1.00 1.00
Total Solid Waste & Environmental Services 3.00 - - - 3.00 Total Public Works 36.00 - - - 36.00
Neighborhood Services:

Neighborhood Services
Neighborhood Services Director 1.00 1.00
Emergency Services Coordinator 1.00 1.00
Management Analyst 1.00 1.00
Management Assistant 1.00 1.00
Total Neighborhood Services 4.00 - - - 4.00
Homelessness
Homelessness Services Coordinator 1.00 1.00
Total Homelessness 1.00 - - - 1.00
Parks & Recreation
Parks & Recreation Manager 1.00 1.00
Management Assistant 1.00 1.00
Total Parks & Recreation 2.00 - - - 2.00
Community Center
Recreation Supervisor 1.00 1.00
Maintenance Worker I 1.00 1.00
Administrative Assistant 1.00 1.00
Total Community Center 3.00 - - - 3.00
Library - Goleta
Library Director (Assistant Neighborhood Services Director) 1.00 1.00 Supervising Librarian 1.00 1.00
Management Assistant 1.00 1.00
Librarian II/Children's Librarian 1.00 1.00
Library Technician (1 Full-Time, 5 Part-Time) 2.88 2.88 Library Assistant I (3 Full-Time, 4 Part-Time, 2 Part-Time Limited T 5.25 5.25 Total Library - Goleta 12.13 - - - 12.13
Library - Buellton
Senior Library Technician 1.00 1.00
Library Technician (2 Part-Time) 0.75 0.75
Library Assistant I (2 Part-Time) 0.75 0.75
Total Library - Buellton 2.50 - - - 2.50
Library - Solvang
Senior Library Technician 1.00 1.00
Library Technician (4 Part-Time) 1.50 1.50
Total Library - Solvang 2.50 - - - 2.50
Total Neighborhood Services 27.13 - - - 27.13
Grand Total: 118.275 - - - 118.275
DRAFT Page 43 of 96

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2021/22 AND 2022/23
Exhibit B
Department/Positions
FY 22/23
Adopted March 7,
2023
Program
Reallocation Reclass
Additions/
Deletions
FY 22/23
Proposed May 16,
2023
*Schedule of Proposed Authorized Positions has been summarized to reflect positions in the Departments/Programs by majority of time spent On the next page is a detailed schedule of allocations of how positions are budgeted based on time spent *Positions are allocated by budgeted time spent in programs and department:

General Government:

City Manager
City Manager 1.00 1.00
Manager Emeritus 1.00 1.00
Assistant City Manager 1.00 1.00
Assistant to the City Manager 1.00 1.00
Management Analyst 1.00 1.00
Executive Assistant 1.00 1.00
Management Assistant 0.25 0.25
Office Specialist 0.90 0.90
Total City Manager 7.15 - - - 7.15
City Clerk
City Clerk 1.00 1.00
Deputy City Clerk 2.00 2.00
Public Records Specialist 1.00 1.00
Total City Clerk 4.00 - - - 4.00
City Attorney
Assistant City Attorney 1.00 1.00
Human Resources Technician 0.50 0.50
Management Assistant - -
Total City Attorney - 1.50 - - 1.50
Community Relations
Community Relations Manager 1.00 1.00
Management Assistant 1.75 1.75
Total Community Relations 2.75 - - - 2.75
Human Resources/Risk Management
Human Resources Risk Manager 1.00 1.00
Human Resources Analyst 1.00 1.00
Human Resources Analyst/DEI Officer 1.00 1.00
Human Resources Technician 0.50 0.50
Total Human Resources/Risk Management 3.50 - - - 3.50
Total General Government 18.90 - - - 18.90
General Services:

General Services Administration
General Services Director 1.00 1.00
Senior Management Analyst 1.00 1.00
Management Analyst 0.50 0.50
Management Assistant 0.75 0.75
Total General Services Administration 3.25 - - - 3.25
City Facilities and Fleet Management
Facilities Maintenance Technician 1.00 1.00
Total City Facilities Management 1.00 - - - 1.00
Information and Communications
Management Analyst 0.50 0.50
Total Information and Communications 0.50 - - - 0.50
Total General Services 4.75 - - - 4.75
Finance:

Finance Administration
Finance Director 1.00 1.00
Accounting Manager 1.00 1.00
Accounting Supervisor 1.00 1.00
Budget Analyst 1.00 1.00
Accountant 2.00 2.00
Management Assistant 1.00 1.00
Accounting Specialist 4.00 4.00
Senior Office Specialist 1.00 1.00
DRAFT
Total Finance 12.00 - - - 12.00

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2021/22 AND 2022/23
Exhibit B
Department/Positions
FY 22/23
Adopted March 7,
2023
Program
Reallocation Reclass
Additions/
Deletions
FY 22/23
Proposed May 16,
2023
Planning Environmenal Review:

Current Planning
Planning Manager 1.00 1.00
Supervising Senior Planner 2.00 2.00
Senior Planner 1.00 1.00
Associate Planner 3.00 3.00
Code Compliance Officer 2.00 2.00
Permit Technician 1.00 1.00
Office Specialist 0.50 0.50
Total Current Planning 10.50 - - - 10.50
Advance Planning
Planning Manager 1.00 1.00
Senior Planner 2.00 2.00
Total Advance Planning 3.00 - - - 3.00
Planning Commission & Design Review Board
Planning Commission Clerk 1.00 1.00
Total Planning Commission & Design Review Board 1.00 - - - 1.00 Sustainability Program
Sustainability Manager 1.00 1.00
Management Analyst - 1.00 1.00
Management Assistant 1.00 (1.00) -
Total Sustainability Program 2.00 - - - 2.00
Housing Program
Senior Housing Analyst 1.00 1.00
Total Housing Program 1.00 - - - 1.00
Administration
Planning Director 1.00 1.00
Management Assistant 1.00 1.00
Total Administration 2.00 - - - 2.00
Total Planning Environmental Review 19.50 - - - 19.50
DRAFT Page 45 of 96

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2021/22 AND 2022/23
Exhibit B
Department/Positions
FY 22/23
Adopted March 7,
2023
Program
Reallocation Reclass
Additions/
Deletions
FY 22/23
Proposed May 16,
2023
Public Works:

Administration
Public Works Director 1.00 1.00
Assistant Public Works Director 0.50 0.50 1.00
Senior Management Analyst 0.50 0.50 1.00
Management Analyst 1.00 1.00
Management Assistant 1.00 1.00
Total Administration 4.00 1.00 - - 5.00
Engineering
Assistant Public Works Director 0.25 (0.25) -
Principal Civil Engineer / Engineering Manager 1.00 1.00 Assistant Engineer 1.00 1.00
Public Works Inspector 1.00 1.00
Sr. Engineering Technician 1.00 1.00
Total Engineering 4.25 (0.25) - - 4.00
Parks & Open Spaces
Parks & Open Spaces Manager 1.00 1.00
Public Works Supervisor 1.00 1.00
Management Analyst - 1.00 1.00
Environmental Services Specialist 1.00 (1.00) -
Administrative Assistant 1.00 1.00
Maintenance Worker II 1.00 1.00 2.00
Maintenance Worker I 3.00 (1.00) 2.00
Total Parks & Open Spaces 8.00 - - - 8.00
Capital Improvement
Assistant Public Works Director 0.25 (0.25) (0.00)
Principal Civil Engineer / Engineering Manager 2.00 2.00 Sr. Project Engineer 1.00 1.00
Senior Engineer 1.00 1.00
Senior Management Analyst 0.50 (0.50) -
Assistant Engineer 1.75 1.75
Senior Office Specialist 1.00 1.00
Total Capital Improvement 7.50 (0.75) - - 6.75
Street Lighting
Assistant Engineer 0.25 0.25
Total Street Lighting 0.25 - - - 0.25
Traffic Ops & Maint
Principal Civil Engineer / Engineering Manager 1.00 1.00 Assistant Engineer 1.00 1.00
Total Traffic Ops & Maint 2.00 - - - 2.00
Street Maintenance
Public Works Manager 1.00 1.00
Administrative Assistant 1.00 1.00
Public Works Supervisor 1.00 1.00
Maintenance Worker II (1 Underfilling) 3.00 3.00
Maintenance Worker I 1.00 1.00
Total Street Maintenance 7.00 - - - 7.00
Solid Waste & Environmental Services
Environmental Services Manager 1.00 1.00
Environmental Services Specialist 1.00 1.00
Administrative Assistant 1.00 1.00
Total Solid Waste & Environmental Services 3.00 - - - 3.00 DRAFT
Total Public Works 36.00 - - - 36.00

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2021/22 AND 2022/23
Exhibit B
Department/Positions
FY 22/23
Adopted March 7,
2023
Program
Reallocation Reclass
Additions/
Deletions
FY 22/23
Proposed May 16,
2023
Neighborhood Services:

Neighborhood Services Administration
Neighborhood Services Director 0.90 0.90
Emergency Services Coordintor 1.00 1.00
Management Analyst 0.90 0.90
Management Assistant 1.00 (0.20) 0.80
Total Neighborhood Services 3.80 (0.20) - - 3.60
Homelessness
Homelessness Services Coordinator 1.00 1.00
Total Homelessness 1.00 - - - 1.00
Parks & Recreation
Neighborhood Services Director 0.10 0.10
Parks & Recreation Manager 1.00 1.00
Management Analyst 0.10 0.10
Management Assistant 1.00 0.20 1.20
Total Parks & Recreation 2.20 - 0.20 - 2.40
Community Center
Recreation Supervisor 1.00 1.00
Maintenance Worker I 1.00 1.00
Administrative Assistant (GCC) 1.00 1.00
Total Community Center 3.00 - - - 3.00
Library - Goleta
Library Director (Assistant Neighborhood Services Director) 1.00 1.00 Supervising Librarian 1.00 1.00
Management Assistant 1.00 1.00
Librarian II/Children's Librarian 1.00 1.00
Library Technician (1 Full-Time, 5 Part-Time) 2.88 2.88 Library Assistant I (3 Full-Time, 4 Part-Time, 2 Part-Time Limited T 5.25 5.25 Total Library - Goleta 12.13 - - - 12.13
Library - Buellton
Senior Library Technician 1.00 1.00
Library Technician (2 Part-Time) 0.75 0.75
Library Assistant I (2 Part-Time) 0.75 0.75
Total Library - Buellton 2.50 - - - 2.50
Library - Solvang
Senior Library Technician 1.00 1.00
Library Technician (4 Part-Time) 1.50 1.50
Total Library - Solvang 2.50 - - - 2.50
Total Neighborhood Services 27.13 - - - 27.13
Grand Total: 118.275 - - - 118.275
DRAFT Page 47 of 96

CITY OF GOLETA, CALIFORNIA
SALARY SCHEDULE FY 2022-23

CLASSIFICATION GRADE CATEGORY
TITLE NO. B.U. / FLSA STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 City Hall Receptionist 100 G / NE HOURLY 21.29 22.36 23.47 24.65 25.88 27.17 BI-WEEKLY 1,703.27 1,788.43 1,877.85 1,971.75 2,070.33 2,173.85 MONTHLY 3,874.93 3,690.41 4,068.68 4,272.12 4,485.72 4,710.01 ANNUAL 44,284.97 46,499.22 48,824.18 51,265.39 53,828.66 56,520.09 Maintenance Worker I 101 G / NE HOURLY 22.57 23.70 24.88 26.13 27.43 28.80 Records Technician/Recording Clerk G / NE BI-WEEKLY 1,805.46 1,895.74 1,990.52 2,090.05 2,194.55 2,304.28 Library Assistant I G / NE MONTHLY 4,107.43 3,911.84 4,312.80 4,528.44 4,754.86 4,992.61 ANNUAL 46,942.07 49,289.17 51,753.63 54,341.31 57,058.38 59,911.30 Maintenance Worker II 102 G / NE HOURLY 24.15 25.36 26.62 27.95 29.35 30.82 Office Specialist G / NE BI-WEEKLY 1,931.85 2,028.44 2,129.86 2,236.35 2,348.17 2,465.58 Library Assistant II G / NE MONTHLY 4,394.95 4,185.67 4,614.70 4,845.43 5,087.71 5,342.09 ANNUAL 50,228.01 52,739.41 55,376.38 58,145.20 61,052.46 64,105.09 Senior Office Specialist 103 G / NE HOURLY 25.84 27.13 28.49 29.91 31.41 32.98 Library Technician G / NE BI-WEEKLY 2,067.08 2,170.43 2,278.95 2,392.90 2,512.54 2,638.17 MONTHLY 4,702.60 4,478.66 4,937.73 5,184.61 5,443.84 5,716.04 ANNUAL 53,743.97 56,431.17 59,252.73 62,215.37 65,326.14 68,592.44 Accounting Specialist 104 G / NE HOURLY 27.91 29.30 30.77 32.30 33.92 35.62 Permit Technician G / NE BI-WEEKLY 2,232.44 2,344.06 2,461.27 2,584.33 2,713.55 2,849.22 Senior Library Technician G / E MONTHLY 5,078.81 4,836.96 5,332.75 5,599.38 5,879.35 6,173.32 Facilities Maintenance Technician G / NE ANNUAL 58,043.49 60,945.67 63,992.95 67,192.60 70,552.23 74,079.84 Administrative Assistant 105 G(*) / NE HOURLY 30.14 31.64 33.23 34.89 36.63 38.46 Lead Maintenance Worker G / NE BI-WEEKLY 2,411.04 2,531.59 2,658.17 2,791.08 2,930.63 3,077.16 Public Affairs Assistant G / NE MONTHLY 5,485.11 5,223.91 5,759.37 6,047.33 6,349.70 6,667.19 Librarian I M / NE ANNUAL 62,686.97 65,821.32 69,112.39 72,568.00 76,196.41 80,006.23 Assistant Engineering Technician G / NE
Public Works Supervisor 106 M / NE HOURLY 32.55 34.18 35.89 37.68 39.56 41.54 Librarian II M / NE BI-WEEKLY 2,603.92 2,734.12 2,870.82 3,014.36 3,165.08 3,323.34 Associate Engineering Technician G / NE MONTHLY 5,923.92 5,641.83 6,220.11 6,531.12 6,857.68 7,200.56 ANNUAL 67,701.93 71,087.03 74,641.38 78,373.45 82,292.12 86,406.72 Assistant Planner 107 G / NE HOURLY 35.15 36.91 38.76 40.69 42.73 44.87 Legal Office Assistant C / NE BI-WEEKLY 2,812.23 2,952.85 3,100.49 3,255.51 3,418.29 3,589.20 Management Assistant G(*) / NE MONTHLY 6,397.83 6,093.17 6,717.72 7,053.61 7,406.29 7,776.61 Senior Engineering Technician G / NE ANNUAL 73,118.08 76,773.99 80,612.69 84,643.32 88,875.49 93,319.26 Planning Commission Clerk G / NE
Public Records Specialist G(*) / NE
Accountant 108 G(*) / NE HOURLY 37.97 39.86 41.86 43.95 46.15 48.45 Budget Analyst C / NE BI-WEEKLY 3,037.21 3,189.07 3,348.53 3,515.95 3,691.75 3,876.34 Code Compliance Officer G / NE MONTHLY 6,909.66 6,580.63 7,255.14 7,617.90 7,998.79 8,398.73 Deputy City Clerk M / E ANNUAL 78,967.53 82,915.91 87,061.70 91,414.79 95,985.53 100,784.80 Executive Assistant C / E
Human Resources Technician C / NE
Public Works Inspector G / NE
Assistant Engineer* 109 G / NE HOURLY 41.00 43.05 45.21 47.47 49.84 52.33 Emergency Services Coordinator G / E BI-WEEKLY 3,280.19 3,444.20 3,616.41 3,797.23 3,987.09 4,186.45 Human Resources Analyst C / E MONTHLY 7,462.43 7,107.08 7,835.55 8,227.33 8,638.70 9,070.63 Human Resources Analyst/DEI Officer C / E ANNUAL 85,284.93 89,549.18 94,026.64 98,727.97 103,664.37 108,847.59 Management Analyst M(*) / E
Environmental Services Specialist M / NE
Recreation Supervisor M / E
Associate Planner 110 G / NE HOURLY 44.28 46.50 48.82 51.26 53.83 56.52 Senior Legal Analyst C / E BI-WEEKLY 3,542.60 3,719.74 3,905.72 4,101.01 4,306.06 4,521.36 MONTHLY 8,059.43 7,675.64 8,462.40 8,885.52 9,329.79 9,796.28 ANNUAL 92,107.73 96,713.11 101,548.77 106,626.21 111,957.52 117,555.39 Associate Engineer** 111 G / NE HOURLY 47.83 50.22 52.73 55.36 58.13 61.04 Supervising Librarian M / E BI-WEEKLY 3,826.01 4,017.31 4,218.18 4,429.09 4,650.54 4,883.07 Accounting Supervisor C / E MONTHLY 8,704.18 8,289.70 9,139.39 9,596.36 10,076.18 10,579.99 ANNUAL 99,476.34 104,450.16 109,672.67 115,156.30 120,914.12 126,959.82 Category or Bargaining Unit Fair Labor Standards Act Classification C = Confidential NE = Non Exempt from overtime
G = General Unit E = Exempt from overtime
M = Miscellaneous Unit
M/M = Mid-Management
M/C = Conf. Management
E = Executive Management
* May be confidential, depening on assignment
Salary Schedule - Page 1 Effective: April 8, 2023
Exhibit C
DRAFT Page 48 of 96

CITY OF GOLETA, CALIFORNIA
SALARY SCHEDULE FY 2022-23

CLASSIFICATION GRADE CATEGORY
TITLE NO. B.U. / FLSA STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 Environmental Services Coordinator 112 M / E HOURLY 51.65 54.23 56.95 59.79 62.78 65.92 Senior Management Analyst C / E BI-WEEKLY 4,132.09 4,338.70 4,555.63 4,783.42 5,022.59 5,273.72 Project Manager M / E MONTHLY 9,400.51 8,952.87 9,870.54 10,364.07 10,882.27 11,426.38 Homelessness Services Coordinator M / E ANNUAL 107,434.45 112,806.18 118,446.48 124,368.81 130,587.25 137,116.61 Senior Planner M / E
Senior Housing Analyst M / E
Accounting Manager 113 M/C / E HOURLY 56.30 59.11 62.07 65.17 68.43 71.85 Community Relations Manager M/C / E BI-WEEKLY 4,503.98 4,729.18 4,965.64 5,213.92 5,474.62 5,748.35 Economic Development Coordinator M / E MONTHLY 10,246.56 9,758.63 10,758.89 11,296.83 11,861.68 12,454.76 HR / Risk Manager M/C / E ANNUAL 117,103.55 122,958.73 129,106.67 135,562.00 142,340.10 149,457.11 Library Services Manager M/M / E
Assistant to the City Manager M/C / E
Senior Engineer M / E
Sustainability Manager M/M / E
Deputy City Attorney 114 C / E HOURLY 61.37 64.44 67.66 71.04 74.59 78.32 Supervising Senior Planner M / E BI-WEEKLY 4,909.34 5,154.81 5,412.55 5,683.18 5,967.33 6,265.70 Parks and Recreation Manager M/M / E MONTHLY 10,636.91 11,168.75 11,727.19 12,313.55 12,929.23 13,575.69 Envrionmental Services Manager M/M / E ANNUAL 127,642.87 134,025.02 140,726.27 147,762.58 155,150.71 162,908.25 Planning Manager 115 M/M / E HOURLY 66.89 70.23 73.75 77.43 81.30 85.37 Principal Civil Engineer / Engineering Manager M/M / E BI-WEEKLY 5,351.18 5,618.74 5,899.68 6,194.66 6,504.40 6,829.61 Public Works Manager M/M / E MONTHLY 11,594.23 12,173.94 12,782.64 13,421.77 14,092.86 14,797.50 M / E ANNUAL 139,130.73 146,087.27 153,391.63 161,061.21 169,114.27 177,569.99 Principal Project Manager M/M / E
Parks and Open Space Manager M/M / E
CIP Manager M/M / E
Assistant Public Works Director 116 M/M / E HOURLY 72.91 76.56 80.38 84.40 88.62 93.05 Library Director (Asst. Neighborhood Services Director) M/M / E BI-WEEKLY 5,832.79 6,124.43 6,430.65 6,752.18 7,089.79 7,444.28 City Clerk E / E MONTHLY 12,637.71 13,269.59 13,933.07 14,629.73 15,361.21 16,129.27 ANNUAL 151,652.50 159,235.12 167,196.88 175,556.72 184,334.56 193,551.29 Assistant City Attorney 117 E / E HOURLY 79.47 83.45 87.62 92.00 96.60 101.43 Finance Director E / E BI-WEEKLY 6,357.74 6,675.63 7,009.41 7,359.88 7,727.87 8,114.27 Neighborhood Services Director E / E MONTHLY 13,775.10 14,463.86 15,187.05 15,946.40 16,743.72 17,580.91 General Services Director E / E ANNUAL 165,301.22 173,566.28 182,244.60 191,356.83 200,924.67 210,970.90 Public Works Director*** 118 E / E HOURLY 86.62 90.96 95.50 100.28 105.29 110.56 Planning & Environmental Review Director1 E / E BI-WEEKLY 6,929.94 7,276.43 7,640.25 8,022.27 8,423.38 8,844.55 MONTHLY 15,014.86 15,765.60 16,553.88 17,381.58 18,250.66 19,163.19 ANNUAL 180,178.33 189,187.25 198,646.61 208,578.94 219,007.89 229,958.28 119 E / E HOURLY 90.96 95.50 100.28 105.29 110.56 116.08 BI-WEEKLY 7,276.43 7,640.25 8,022.27 8,423.38 8,844.55 9,286.78 MONTHLY 15,765.60 16,553.88 17,381.58 18,250.66 19,163.19 20,121.35 ANNUAL 189,187.25 198,646.61 208,578.94 219,007.89 229,958.28 241,456.20 Assistant City Manager 120 E / E HOURLY 98.87 103.81 109.00 114.45 120.18 126.18 BI-WEEKLY 7,909.48 8,304.96 8,720.20 9,156.21 9,614.03 10,094.73 MONTHLY 17,137.21 17,994.07 18,893.78 19,838.46 20,830.39 21,871.91 ANNUAL 205,646.54 215,928.87 226,725.31 238,061.58 249,964.65 262,462.89 Manager Emeritus HOURLY 128.79 (eff. 9/1/22)
City Manager HOURLY 139.90
BI-WEEKLY 11,192.31
MONTHLY 24,250.00
ANNUAL 291,000.00 (eff. 9/1/22)
City Councilmember HOURLY 26.55
BI-WEEKLY 2,123.80
MONTHLY 4,601.56
ANNUAL 55,218.75 (eff. 12/3/22)
Mayor HOURLY 31.86
BI-WEEKLY 2,548.56
MONTHLY 5,521.88
ANNUAL 66,262.50 (eff. 12/3/22)
1 Title Under Review
*If certified as an Engineer-in-Training (EIT) in the State of California, this position will receive a 5% pay differential at each step. **If registered as Civil Engineer in the State of California, this position will receive a 5% pay differential at each step. ***If also serving as City Engineer, this position will receive a 5% pay differential at each step.

Category Fair Labor Standards Act Classification
C = Confidential NE = Non Exempt from overtime
G = General Unit E = Exempt from overtime
M = Miscellaneous Unit
M/M = Mid-Management
M/C = Conf. Management
E = Executive Management
* May be confidential, depending on assignment
Senior Project Engineer - grandfathered class
Document History: Revised June 6, 2023, March 7, 2023, January 13, 2023, December 3, 2022, November 1, 2022, September 1, 2022, July 1, 2022, April 9, 2022, March 5, 2022, January 1, 2022, November 16, 2021, July 20, 2021, January 1, 2022, July 1, 2021, February 18, 2020, January 4, 2020, December 3, 2019, July 6, 2019, January 5, 2019 Salary Schedule - Page 2 Effective: April 8, 2023
DRAFT Page 49 of 96
ATTACHMENT 6:

Fiscal Year 2022/23 Third Quarter Financial Review
Presentation
Presentation not available and will be presented during the Finance and Audit Standing Committee Meeting
DRAFT Page 50 of 96

ITEM III

Agenda Item X.x

CONSENT CALENDAR
Meeting Date: June 6, 2022
TO: Mayor and Councilmembers
FROM: Luke Rioux, Finance Director
SUBJECT: Acceptance of the December 2022 Investment Transaction Report RECOMMENDATION:

Accept the investment transaction report for the month of December 2022.

BACKGROUND:

Transmitted herewith is the investment transaction report for the month of December 2022.

The City Treasurer continues to monitor idle cash balances with the help of the accountants in the Finance Department, transferring cash between the checking and money market accounts daily, or as needed to maximize interest earnings. On a quarterly basis, staff submits a comprehensive report on the City’s portfolio and related activity pursuant to the City’s Investment Policy.

DISCUSSION:

Investment Transaction Report
As of December 31, 2022, the City‘s investment portfolio totaled $84,963,816.03. The City’s weighted average yield in December was 1.926%.

Attachment 1 contains the Investment Transaction Report, which includes the Investment Activity and Interest Report, Summary of Cash and Investments, and Investment Portfolio detail as of December 31, 2022.

Benchmark Comparisons
Figure 1 shows a 2-year interest rate trend chart which compares the City’s portfolio yield by quarter, compared to its benchmarks, the Local Agency Investment Fund (LAIF), and the 1- and 2-Year US Treasury Notes. These benchmarks serve as indicators of the City’s performance. Trends over time that substantially deviate from these benchmarks would warrant further analysis and review.

DRAFT Page 52 of 96 1
Figure 1
(Note: The most recent LAIF apportionment rate is displayed for benchmark purposes.) As of December 31, 2022, LAIF’s apportionment rate was at 2.07%, 1 Year US Treasury yield was at 4.73% and the 2 Year US Treasury yield was at 4.41%, compared to the City’s portfolio yield at 1.926%. By the end of the quarter Treasury yields were higher across the maturity terms of the yield curve. Since the prior quarter the 1 Year US Treasury yield has increased from 4.05% to 4.73% increasing by 68 basis points and the 2 Year US Treasury yield has increased from 4.22% to 4.41% increasing by 19 basis points. The LAIF daily rate is trending above 2.94% at the time of preparing this report (05/10/2023).

It should be noted that on March 2 and May 3, 2023, the Federal Reserve (Fed) raised the federal funds to a range of 5% to 5.25%, which in turn influences Treasury yields. At the time of preparing this report, the Fed raised the target for the fed funds rate by

0.25% from a range of 4.75% to 5.00% to 5.00% to 5.25% during its May 3-4, 2022, meeting. These actions show the Fed’s focus and dedication in getting inflation under control.

In the current interest rate environment, the City’s interest earnings are forecasted to gradually increase. Short-term and liquid investments like local government investment pools and money market funds tend to follow the Federal Funds Rate very closely. The Fed meet next on June 13, 2023.

DRAFT Page 53 of 96 2
The pooled cash report is included as Attachment 2. Balance Sheets for the General Fund and all Special Funds are included as well, as Attachment 3.

Investment Program Update
On November 15, 2022, the City Council adopted the updated Investment Policy and authorized the continued annual delegation of authority the Finance Director/City Treasurer to invest city funds in accordance with the Investment Policy. Since the start of the pandemic Finance staff has re-prioritized work efforts from further enhancing the City’s investment program to focus on other competing critical items, such as transitioning processes to function electronically and implementing the City’s financial software system. In addition, workload capacity was strained with changes in staff and vacancies. As staffing levels begin to increase and workload capacity becomes available, staff will continue its work on the investment program to incorporate the other allowable investments into its overall portfolio, such as building out its laddering program. Staff anticipates this work effort to begin in July 2023.

Section 115 Trust Update
Staff is in process of drafting an ongoing funding strategy and investment policy for the Section 115 Trust. The City just received its June 30, 2022 Actuarial Valuation Report in March 2023 which has the current retiree health liabilities. Next steps will include reviewing the updated liability information once available and determining funding amounts for both other-post employee benefit (OPEB) retiree health liabilities and pension liabilities, and then going back to the Finance Committee for review and City Council for adoption of an ongoing funding strategy and policy.

FISCAL IMPACTS:

As of December 31, 2022, the investment portfolio is compliant with all State and Federal laws and the City’s Investment Policy. There are sufficient funds available to meet the City’s expenditure requirements for the next six months.

Reviewed by: Approved by:
_____________________ _____________________
Kristine Schmidt Robert Nisbet
Assistant City Manager City Manager
ATTACHMENTS:

1. Investment Transaction Report for December 31, 2022

2. Pooled Cash Report for the Quarter Ending December 31, 2022

3. Balance Sheets for the Quarter Ending December 31, 2022 DRAFT Page 54 of 96 3
ATTACHMENT 1
Investment Transaction Report December 2022

DRAFT Page 55 of 96 4
Attachment 1

INVESTMENT ACTIVITY INVESTMENT INCOME

PURCHASES OR DEPOSITS POOLED INVESTMENTS
Interest Earned on Investments 288,432.38 $
Total
Total $ -

SALES, MATURITIES, CALLS OR WITHDRAWALS
Total $ -
ACTIVITY TOTAL $ INCOME TOTA - L $ 288,432.38
City of Goleta
Investment Activity and Interest Report
December 31, 2022
DRAFT Page 56 of 96 5
Attachment 1
ENDING BALANCE AS OF NOVEMBER 30, 2022
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Average
Days to
Maturity
Checking Accounts $ 4,053,870.36 $ 4,053,870.36 4.898% 0.000% 1 Money Market Accounts 31,538,416.99 31,538,416.99 38.102% 1.764% 1 (1) Local Agency Investment Funds 41,723,773.75 40,921,048.48 50.407% 1.350% 1 (2) Certificates of Deposit 4,954,000.00 $ 4,632,486.41 5.985% 1.960% 1794 U.S. BANK (PARS) 503,500.00 $ 445,861.78 0.608% 0.000% 1 Totals and Averages 82,773,561.10 $ 81,591,684.02 100.000% 1.470% 108 Total Cash and Investments $ 82,773,561.10
NET CASH AND INVESTMENT ACTIVITY FOR DECEMBER 2022
$ 2,190,254.93
ENDING BALANCE AS OF DECEMBER 31, 2022
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Average
Days to
Maturity
Checking Accounts $ 3,963,699.29 $ 3,963,699.29 4.665% 0.000% 1 Money Market Accounts (1) 33,818,842.99 33,818,842.99 39.804% 1.999% 1 Local Agency Investment Funds (2) 40,947,263.36 41,723,773.75 49.108% 2.070% 1 Certificates of Deposit 4,954,000.00 4,673,655.30 5.831% 1.960% 1794 U.S. BANK (PARS) 503,500.00 466,148.53 0.593% 0.000% 1
Totals and Averages $ 84,963,816.03 $ 83,869,609.47 100.000% 1.926% 106 Total Cash and Investments $ 84,963,816.03
Notes:
(1)
(2)
City of Goleta
Summary of Cash and Investments
December 31, 2022
Community West Bank serves as the City's primary banking institution. Interest earnings are guaranteed at a minimum rate 0.7098% per banking agreement for the money market account. The rate may be adjusted to match the higher of the Pooled Money Investment Account (PMIA) or quarterly Local Agency Investment Fund (LAIF) apportionment rate. All deposits held are required to be fully collateralized by State law. The City has a written collateralization agreement with Community West Bank to ensure the safety of public funds and utilizes an irrevocable letter of credit through the Federal Home Loan Bank of San Francisco.

For reporting purposes the LAIF yield displayed is the apportionment rate available at the time of preparing this report. The apportionment rate is the actual interest earned from LAIF and is based on the prior three-month average of the PMIA effective yield, net of administrative costs. As of FY 17/18 the quarterly apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment loan pursuant to Government Code 20825 (c)(1) and in FY 18/19 interest earned on Wildfire Fund loan pursuant to Public Utility Code 3288 (a), which are not reflected in the PMIA monthly effective yield, due to the structure of the loan.

DRAFT Page 57 of 96 6
City of Goleta
Investment Portfolio
December 31, 2022
Attachment 1
PURCHASE MATURITY DAYS TO STATED YIELD AT FACE BOOK MARKET** DATE DATE MATURITY RATE 365 VALUE VALUE VALUE

CHECKING ACCOUNTS
COMMUNITY WEST BANK GENERAL CHKING ACCT - - 1 0 0.000% 1,876,426.40 1,876,426.40 1,876,426.40 COMMUNITY WEST BANK GENERAL REV ACCT 1 0 0.000% 1,789,445.26 1,789,445.26 1,789,445.26 COMMUNITY WEST BANK PAYROLL CHKING ACCT 1 0 0.000% - - - PERSHING - SAFE KEEPING ACCT 0 0.000% 297,827.63 297,827.63 297,827.63 Subtotal, Checking Accounts 0.000% 0.000% 3,963,699.29 $ $ 3,963,699.29 $ 3,963,699.29

MONEY MARKET ACCOUNTS
COMMUNITY WEST BANK MMA - - 1 1.9990% 1.9990% 33,818,842.99 33,818,842.99 33,818,842.99 Subtotal, MMA Account 1 1.9990% 1.9990% 33,818,842.99 $ $ 33,818,842.99 $ 33,818,842.99

LOCAL AGENCY INVESTMENT FUND
LOCAL AGENCY INVESTMENT FUND - - 1 2.070% 2.070% 41,723,773.75 41,723,773.75 40,947,263.36 Subtotal, LAIF 1 2.070% 2.070% 41,723,773.75 $ $ 41,723,773.75 $ 40,947,263.36

CERTIFICATES OF DEPOSIT
MEDALLION BK UTAH 8/1/2019 7/31/2023 1,460 2.100% 2.100% $249,000.00 $249,000.00 245,591.19 $ 58404DEV9 CAPITAL ONE NA 8/1/2019 7/30/2024 1,825 2.250% 2.250% $247,000.00 $247,000.00 238,041.31 $ 14042RMU2 CAPITAL ONE BANK USA NA 8/1/2019 7/30/2024 1,825 2.250% 2.250% $247,000.00 $247,000.00 238,041.31 $ 14042TBQ9 ENERBANK USA 8/1/2019 7/30/2024 1,825 2.150% 2.150% $247,000.00 $247,000.00 237,663.40 $ 29278TKJ8MORGAN STANLEY BANK NA 8/1/2019 7/30/2024 1,825 2.200% 2.200% $247,000.00 $247,000.00 237,836.30 $ 61690UJX9 MORGAN STANLEY PVT BANK 8/1/2019 7/30/2024 1,825 2.200% 2.200% $247,000.00 $247,000.00 237,836.30 $ 61760AS75 LIVE OAK BKG CO WILMINGTON NC 2/12/2020 8/12/2024 1,643 1.700% 1.700% $247,000.00 $247,000.00 235,791.14 $ 538036HY3 WASHINGTON FEDERAL 8/1/2019 7/30/2024 1,825 2.050% 2.050% $249,000.00 $249,000.00 238,880.64 $ 938828BJ8 WELLS FARGO BK N A SIOUX FALLS S D 1/29/2020 1/29/2025 1,827 1.950% 1.950% $247,000.00 $247,000.00 234,030.03 $ 949763T30 RAYMOND JAMES BK NATL ASSN ST PETERSBURG2/18/2020 2/14/2025 1,823 1.750% 1.750% $247,000.00 $247,000.00 232,896.30 $ 75472RBB6 ENCORE BK LITTLE ROCK ARK CTF DEP 3/25/2020 3/25/2025 1,826 1.150% 1.150% $249,000.00 $249,000.00 230,785.65 $ 29260MAV7 POPPY BK SANTA ROSA CA CTF DEP 4/27/2020 3/27/2025 1,795 1.100% 1.100% $249,000.00 $249,000.00 230,479.38 $ 73319FAK5 AMERICAN EXPRESS NATL BK BROKERED INTL CT4/16/2020 3/31/2025 1,810 1.550% 1.550% $248,000.00 $248,000.00 232,013.92 $ 02589AB68 PACIFIC ENTERPRISE BK IRVINE CA CTF DEP 4/30/2020 3/31/2025 1,796 1.150% 1.150% $249,000.00 $249,000.00 230,681.07 $ 694231AC5 STATE BK INDIA NEW YORK NY CTF DEP 5/15/2020 4/29/2025 1,810 1.600% 1.600% $248,000.00 $248,000.00 231,753.52 $ 856285TF8 ALLY BK SANDY UTAH CRF ACT/365 6/2/2022 6/2/2027 1,826 3.100% 3.100% $249,000.00 $249,000.00 237,423.99 $ 02007GSH7 TOYOTA FINANCIAL SAVINGS BANK HEND NV 10/14/2021 10/14/2026 1,826 1.050% 1.050% $247,000.00 $247,000.00 216,925.28 $ 89235MLU3 US BANK USA SALT LAKE CITY UT 10/27/2021 10/27/2026 1,826 1.050% 1.050% $249,000.00 $249,000.00 218,153.88 $ 90348JV56 DISCOVER BK GREENWOOD DEL 6/1/2022 6/1/2027 1,826 3.200% 3.200% $245,000.00 $245,000.00 231,471.10 $ 254673F76 FIRST TECHNOLOGY FED CREDIT UNION #19976 8/5/2022 8/5/2027 1,826 3.650% 3.650% $247,000.00 $247,000.00 237,359.59 $ 33715LEB2 Subtotal, Certificates of Deposit 1,794 1.960% 1.960% 4,954,000.00 $ 4,954,000.00 $ 4,673,655.30 $

PUBLIC AGENCY RETIREMENT SERVICES (PARS)
OPEB - Moderate Index Plus 2/4/2022 1 0.000% $ 333,500.00 333,500.00 $ 308,759.76 $ PENSION - Moderate Index Plus 2/4/2022 1 0.000% $ 170,000.00 170,000.00 $ 157,388.77 $ Subtotal 1 0.000% $ 503,500.00 $ 503,500.00 $ 466,148.53 Total $ 84,963,816.03 $ 84,963,816.03 $ 83,869,609.47
Notes:
* Comments for Certificates of Deposit represent the CUSIP Number (Committee on Uniform Securities Identification Procedures). * *Market Value on Certificates of Deposit have been obtained from the City's safekeeping agent, Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation. Market value disclosure is for informational purposes only.

City policy is to hold all investments to maturity; therefore, any unrealized gain or loss reflected between the book value and market value of an investment will not be realized. **Market Value on U.S. Bank, Trustee for PARS: Account balances are inclusive of Trust Administration, Trustee and Investment Management fees.

DESCRIPTION COMMENTS *
DRAFT

ATTACHMENT 2:

Pooled Cash Report for the Quarter Ending December 31, 2022 DRAFT Page 59 of 96 8
TYLERHOST\SYSTEM 12.30.2022 Page 1 of 7
Pooled Cash Report
City of Goleta, CA
For the Period Ending 12/31/2022
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE

CLAIM ON CASH
101-1010.000 Claim on Cash 37,013,457.68 (2,420,114.71) 34,593,342.97 102-1010.000 Claim on Cash 0.00 0.00 0.00
201-1010.000 Claim on Cash 1,929,120.93 0.00 1,929,120.93 202-1010.000 Claim on Cash 225,962.31 0.00 225,962.31
203-1010.000 Claim on Cash 1,029,770.46 0.00 1,029,770.46 205-1010.000 Claim on Cash 5,123,332.23 (34,877.26) 5,088,454.97 206-1010.000 Claim on Cash (585,604.95) (27,935.87) (613,540.82) 207-1010.000 Claim on Cash 0.00 0.00 0.00
208-1010.000 Claim on Cash (97,853.05) (52,763.59) (150,616.64) 209-1010.000 Claim on Cash 130,035.81 (5,358.08) 124,677.73 210-1010.000 Claim on Cash 107,247.25 (6,259.12) 100,988.13 211-1010.000 Claim on Cash 2,022,379.75 (151,457.98) 1,870,921.77 212-1010.000 Claim on Cash 30,028.48 0.00 30,028.48
213-1010.000 Claim on Cash 168,594.24 (15,187.79) 153,406.45 214-1010.000 Claim on Cash 130,728.44 (15,657.14) 115,071.30 217-1010.000 Claim on Cash (43,642.85) (26,680.05) (70,322.90) 220-1010.000 Claim on Cash 11,345,059.09 (50,829.54) 11,294,229.55 221-1010.000 Claim on Cash 8,574,861.30 (16,093.40) 8,558,767.90 222-1010.000 Claim on Cash (2,978.47) 0.00 (2,978.47)
223-1010.000 Claim on Cash 224,048.39 0.00 224,048.39
224-1010.000 Claim on Cash 141,606.58 0.00 141,606.58
225-1010.000 Claim on Cash 1,268,857.87 0.00 1,268,857.87 226-1010.000 Claim on Cash 173,784.16 0.00 173,784.16
227-1010.000 Claim on Cash 0.00 0.00 0.00
228-1010.000 Claim on Cash 0.00 0.00 0.00
229-1010.000 Claim on Cash 3,435,724.93 0.00 3,435,724.93 230-1010.000 Claim on Cash 160,563.90 0.00 160,563.90
231-1010.000 Claim on Cash 615,163.38 0.00 615,163.38
232-1010.000 Claim on Cash (190,632.48) (13,760.00) (204,392.48) 233-1010.000 Claim on Cash (3,200.59) 0.00 (3,200.59)
234-1010.000 Claim on Cash 537,039.31 0.00 537,039.31
235-1010.000 Claim on Cash 222,556.85 0.00 222,556.85
236-1010.000 Claim on Cash 41,926.96 0.00 41,926.96
237-1010.000 Claim on Cash (60,778.05) 0.00 (60,778.05) 238-1010.000 Claim on Cash 0.00 0.00 0.00
301-1010.000 Claim on Cash 0.00 0.00 0.00
302-1010.000 Claim on Cash 90,095.47 0.00 90,095.47
303-1010.000 Claim on Cash 0.00 0.00 0.00
304-1010.000 Claim on Cash 85,938.60 0.00 85,938.60
305-1010.000 Claim on Cash (495,494.76) 0.00 (495,494.76) 306-1010.000 Claim on Cash (217,378.11) 0.00 (217,378.11) 307-1010.000 Claim on Cash 0.00 0.00 0.00
308-1010.000 Claim on Cash (4,309.08) 0.00 (4,309.08)
309-1010.000 Claim on Cash 0.00 0.00 0.00
310-1010.000 Claim on Cash 0.00 0.00 0.00
311-1010.000 Claim on Cash 9,702.86 (1,738.00) 7,964.86 312-1010.000 Claim on Cash 0.00 0.00 0.00
313-1010.000 Claim on Cash 0.00 0.00 0.00
314-1010.000 Claim on Cash 0.00 0.00 0.00
315-1010.000 Claim on Cash 0.00 0.00 0.00
317-1010.000 Claim on Cash (49,404.49) 0.00 (49,404.49) 318-1010.000 Claim on Cash (14,755.20) 0.00 (14,755.20) 319-1010.000 Claim on Cash (97,994.25) (1,470.00) (99,464.25) DRAFT Page 60 of 96 9
ACCOUNT # ACCOUNT NAME

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BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
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320-1010.000 Claim on Cash 14,231.00 0.00 14,231.00
321-1010.000 Claim on Cash (599,149.13) 0.00 (599,149.13) 322-1010.000 Claim on Cash (655,393.12) (259,806.73) (915,199.85) 323-1010.000 Claim on Cash 20,744.25 (15,223.39) 5,520.86 324-1010.000 Claim on Cash 0.00 0.00 0.00
325-1010.000 Claim on Cash 19,792.68 (6,372.45) 13,420.23 401-1010.000 Claim on Cash (195,789.33) (5,431.17) (201,220.50) 402-1010.000 Claim on Cash (10,218.62) (43,756.24) (53,974.86) 403-1010.000 Claim on Cash 0.00 0.00 0.00
404-1010.000 Claim on Cash 0.00 0.00 0.00
405-1010.000 Claim on Cash 0.00 0.00 0.00
406-1010.000 Claim on Cash 0.00 0.00 0.00
407-1010.000 Claim on Cash 0.00 0.00 0.00
408-1010.000 Claim on Cash 0.00 0.00 0.00
409-1010.000 Claim on Cash (4,537.01) 0.00 (4,537.01)
410-1010.000 Claim on Cash 0.00 0.00 0.00
411-1010.000 ClaIm on Cash 0.00 0.00 0.00
412-1010.000 Claim on Cash 0.00 0.00 0.00
413-1010.000 Claim on Cash 0.00 0.00 0.00
414-1010.000 Claim on Cash 0.00 0.00 0.00
415-1010.000 Claim on Cash 0.00 0.00 0.00
416-1010.000 Claim on Cash 0.00 0.00 0.00
417-1010.000 Claim on Cash 5,636.00 0.00 5,636.00
418-1010.000 Claim on Cash 0.00 0.00 0.00
419-1010.000 Claim on Cash 0.00 0.00 0.00
420-1010.000 Claim on Cash 58,107.00 0.00 58,107.00
421-1010.000 Claim on Cash (5,559.91) 0.00 (5,559.91)
422-1010.000 Claim on Cash 0.00 0.00 0.00
423-1010.000 Claim on Cash 5,783,990.00 0.00 5,783,990.00 501-1010.000 Claim on Cash 648,847.13 (43,494.74) 605,352.39 502-1010.000 Claim on Cash 96,282.64 (18,121.48) 78,161.16 503-1010.000 Claim on Cash 194,881.26 0.00 194,881.26
504-1010.000 Claim on Cash 32,076.50 0.00 32,076.50
605-1010.000 Claim on Cash 690,982.14 0.00 690,982.14
606-1010.000 Claim on Cash 0.00 0.00 0.00
607-1010.000 Claim on Cash 0.00 0.00 0.00
608-1010.000 Claim on Cash 0.00 0.00 0.00
701-1010.000 Claim on Cash 149,926.49 0.00 149,926.49
702-1010.000 Claim on Cash 0.00 0.00 0.00
703-1010.000 Claim on Cash 0.00 0.00 0.00
801-1010.000 Claim on Cash 624,097.86 (74,161.49) 549,936.37 TOTAL CLAIM ON CASH 79,842,508.73 (3,306,550.22) 76,535,958.51

CASH IN BANK
Cash in Bank
999-1010.000 Cash 0.00 0.00 0.00
999-1011.000 Payroll Cash 0.00 0.00 0.00
999-1012.000 Community West Cash Account (78,780.28) (1,239,550.22) (1,318,330.50) 999-1013.000 CWB Revenue Cash Account 1,419,958.51 (3,332,199.52) (1,912,241.01) 999-1080.000 LAIF 41,723,773.75 0.00 41,723,773.75
999-1082.000 Money Market-Community West 31,538,416.99 1,265,199.52 32,803,616.51 999-1083.000 Pershing C.D. 4,954,000.00 0.00 4,954,000.00 999-1083.001 Pershing Sweep Cash Account 285,139.76 0.00 285,139.76 999-1083.002 Pershing Investment-Unrealized Gain/Loss 0.00 0.00 0.00 TOTAL: Cash in Bank 79,842,508.73 (3,306,550.22) 76,535,958.51 TOTAL CASH IN BANK 79,842,508.73 (3,306,550.22) 76,535,958.51

DUE TO OTHER FUNDS
999-2070.000 Due to Other Funds 79,842,508.73 (3,306,550.22) 76,535,958.51 DRAFT Page 61 of 96 10
ACCOUNT # ACCOUNT NAME

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BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 12.30.2022 Page 3 of 7
TOTAL DUE TO OTHER FUNDS 79,842,508.73 (3,306,550.22) 76,535,958.51 76,535,958.51
76,535,958.51 76,535,958.51
Claim on Cash
Cash in Bank Due To Other Funds
Difference 0.00
76,535,958.51

0.00 76,535,958.51
76,535,958.51

0.00 Due To Other Funds
Difference Difference
Claim on Cash Cash in Bank
DRAFT Page 62 of 96 11
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 12.30.2022 Page 4 of 7

ACCOUNTS PAYABLE PENDING
101-2020.000 Accounts Payable 12,504.00 (12,504.00) 0.00 102-2020.000 Accounts Payable 0.00 0.00 0.00
201-2020.000 Accounts Payable 0.00 0.00 0.00
202-2020.000 Accounts Payable 0.00 0.00 0.00
203-2020.000 Accounts Payable 0.00 0.00 0.00
205-2020.000 Accounts Payable 0.00 0.00 0.00
206-2020.000 Accounts Payable 0.00 0.00 0.00
207-2020.000 Accounts Payable 0.00 0.00 0.00
208-2020.000 Accounts Payable 0.00 0.00 0.00
209-2020.000 Accounts Payable 0.00 0.00 0.00
210-2020.000 Accounts Payable 0.00 0.00 0.00
211-2020.000 Accounts Payable 0.00 0.00 0.00
212-2020.000 Accounts Payable 0.00 0.00 0.00
213-2020.000 Accounts Payable 0.00 0.00 0.00
214-2020.000 Accounts Payable 0.00 0.00 0.00
220-2020.000 Accounts Payable 0.00 0.00 0.00
221-2020.000 Accounts Payable 0.00 0.00 0.00
222-2020.000 Accounts Payable 0.00 0.00 0.00
223-2020.000 Accounts Payable 0.00 0.00 0.00
224-2020.000 Accounts Payable 0.00 0.00 0.00
225-2020.000 Accounts Payable 0.00 0.00 0.00
226-2020.000 Accounts Payable 0.00 0.00 0.00
227-2020.000 Accounts Payable 0.00 0.00 0.00
228-2020.000 Accounts Payable 0.00 0.00 0.00
229-2020.000 Accounts Payable 0.00 0.00 0.00
230-2020.000 Accounts Payable 0.00 0.00 0.00
231-2020.000 Accounts Payable 0.00 0.00 0.00
232-2020.000 Accounts Payable 0.00 0.00 0.00
233-2020.000 Accounts Payable 0.00 0.00 0.00
234-2020.000 Accounts Payable 0.00 0.00 0.00
235-2020.000 Accounts Payable 0.00 0.00 0.00
236-2020.000 Accounts Payable 0.00 0.00 0.00
237-2020.000 Accounts Payable 0.00 0.00 0.00
238-2020.000 Accounts Payable 0.00 0.00 0.00
301-2020.000 Accounts Payable 0.00 0.00 0.00
302-2020.000 Accounts Payable 0.00 0.00 0.00
303-2020.000 Accounts Payable 0.00 0.00 0.00
304-2020.000 Accounts Payable 0.00 0.00 0.00
305-2020.000 Accounts Payable 0.00 0.00 0.00
306-2020.000 Accounts Payable 0.00 0.00 0.00
307-2020.000 Accounts Payable 0.00 0.00 0.00
308-2020.000 Accounts Payable 0.00 0.00 0.00
309-2020.000 Accounts Payable 0.00 0.00 0.00
310-2020.000 Accounts Payable 0.00 0.00 0.00
311-2020.000 Accounts Payable 0.00 0.00 0.00
312-2020.000 Accounts Payable 0.00 0.00 0.00
313-2020.000 Accounts Payable 0.00 0.00 0.00
314-2020.000 Accounts Payable 0.00 0.00 0.00
315-2020.000 Accounts Payable 0.00 0.00 0.00
317-2020.000 Accounts Payable 0.00 0.00 0.00
318-2020.000 Accounts Payable 0.00 0.00 0.00
319-2020.000 Accounts Payable 0.00 0.00 0.00
320-2020.000 Accounts Payable 0.00 0.00 0.00
321-2020.000 Accounts Payable 0.00 0.00 0.00
322-2020.000 Accounts Payable 0.00 0.00 0.00
323-2020.000 Accounts Payable 0.00 0.00 0.00
324-2020.000 Accounts Payable 0.00 0.00 0.00
325-2020.000 Accounts Payable 0.00 0.00 0.00
401-2020.000 Accounts Payable 0.00 0.00 0.00
402-2020.000 Accounts Payable 0.00 0.00 0.00
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BALANCE

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ACTIVITY

CURRENT

BALANCE
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403-2020.000 Accounts Payable 0.00 0.00 0.00
404-2020.000 Accounts Payable 0.00 0.00 0.00
405-2020.000 Accounts Payable 0.00 0.00 0.00
406-2020.000 Accounts Payable 0.00 0.00 0.00
407-2020.000 Accounts Payable 0.00 0.00 0.00
408-2020.000 Accounts Payable 0.00 0.00 0.00
409-2020.000 Accounts Payable 0.00 0.00 0.00
410-2020.000 Accounts Payable 0.00 0.00 0.00
411-2020.000 Accounts Payable 0.00 0.00 0.00
412-2020.000 Accounts Payable 0.00 0.00 0.00
413-2020.000 Accounts Payable 0.00 0.00 0.00
414-2020.000 Accounts Payable 0.00 0.00 0.00
415-2020.000 Accounts Payable 0.00 0.00 0.00
416-2020.000 Accounts Payable 0.00 0.00 0.00
417-2020.000 Accounts Payable 0.00 0.00 0.00
418-2020.000 Accounts Payable 0.00 0.00 0.00
419-2020.000 Accounts Payable 0.00 0.00 0.00
420-2020.000 Accounts Payable 0.00 0.00 0.00
421-2020.000 Accounts Payable 0.00 0.00 0.00
422-2020.000 Accounts Payable 0.00 0.00 0.00
423-2020.000 Accounts Payable 0.00 0.00 0.00
501-2020.000 Accounts Payable 0.00 0.00 0.00
502-2020.000 Accounts Payable 0.00 0.00 0.00
503-2020.000 Accounts Payable 0.00 0.00 0.00
504-2020.000 Accounts Payable 0.00 0.00 0.00
605-2020.000 Accounts Payable 0.00 0.00 0.00
606-2020.000 Accounts Payable 0.00 0.00 0.00
607-2020.000 Accounts Payable 0.00 0.00 0.00
608-2020.000 Accounts Payable 0.00 0.00 0.00
701-2020.000 Accounts Payable 0.00 0.00 0.00
702-2020.000 Accounts Payable 0.00 0.00 0.00
703-2020.000 Accounts Payable 0.00 0.00 0.00
801-2020.000 Accounts Payable 0.00 0.00 0.00
TOTAL ACCOUNTS PAYABLE PENDING 12,504.00 (12,504.00) 0.00

DUE FROM OTHER FUNDS
999-1310.101 Due from General Fund (12,504.00) 12,504.00 0.00 999-1310.102 Due from General Fund Reserves 0.00 0.00 0.00 999-1310.198 Due from Vehicle Replace 0.00 0.00 0.00
999-1310.199 Due from City Debt Service Fnd 0.00 0.00 0.00 999-1310.201 Due from Gas Tax 0.00 0.00 0.00
999-1310.202 Due from Transportation 0.00 0.00 0.00
999-1310.203 Due from Road Maint Rehab Acct 0.00 0.00 0.00 999-1310.205 Due from Measure D 0.00 0.00 0.00
999-1310.206 Due from Measure A - Other 0.00 0.00 0.00
999-1310.207 Due from Meas A SBCAG Light Ra 0.00 0.00 0.00 999-1310.208 Due from County Per Capita 0.00 0.00 0.00
999-1310.209 Due from County Per Capita 0.00 0.00 0.00
999-1310.210 Due from County Per Capita 0.00 0.00 0.00
999-1310.211 Due from Solid Waste Fund 0.00 0.00 0.00
999-1310.212 Due from Pub. Safety Donations 0.00 0.00 0.00 999-1310.213 Due from Buellton Library 0.00 0.00 0.00
999-1310.214 Due from Solvang Library 0.00 0.00 0.00
999-1310.217 Due from Goleta Community Center 0.00 0.00 0.00 999-1310.220 Due from GTIP 0.00 0.00 0.00
999-1310.221 Due from Park Development Fees 0.00 0.00 0.00 999-1310.222 Due from Devel. Impact Fees 0.00 0.00 0.00 999-1310.223 Due from Library Facilities DI 0.00 0.00 0.00 999-1310.224 Due from Sherrif Faciliteis DI 0.00 0.00 0.00 999-1310.225 Due from Housing In-Lieu Fund 0.00 0.00 0.00 999-1310.226 Due from Environmental Program 0.00 0.00 0.00 DRAFT Page 64 of 96 13
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BALANCE
TYLERHOST\SYSTEM 12.30.2022 Page 6 of 7
999-1310.227 Due from Mangement Habitat 0.00 0.00 0.00
999-1310.228 Due from Housing In-Lieu-RDA 0.00 0.00 0.00 999-1310.229 Due from Fire DIF Fund 0.00 0.00 0.00
999-1310.230 Due from LRDP 0.00 0.00 0.00
999-1310.231 Due from Developer Agreement 0.00 0.00 0.00 999-1310.232 Due from County Fire DIF 0.00 0.00 0.00
999-1310.233 Due from OBF - SCE 0.00 0.00 0.00
999-1310.234 Due from Storm Drain DIF 0.00 0.00 0.00
999-1310.235 Due from Bicycle & Ped DIF 0.00 0.00 0.00
999-1310.236 Due from Other Funds Misc. Grt 0.00 0.00 0.00 999-1310.237 Due from Local Grants 0.00 0.00 0.00
999-1310.238 Due from Non-Residential Affordable Housing DIF 0.00 0.00 0.00 999-1310.247 Due From Citywide CIP Fund 0.00 0.00 0.00
999-1310.301 Due from State Park Fund 0.00 0.00 0.00
999-1310.302 Due from Public Safety 0.00 0.00 0.00
999-1310.303 Due from OTS Grant 0.00 0.00 0.00
999-1310.304 Due from Solid Waste Grant 0.00 0.00 0.00
999-1310.305 Due from RSTP - State Grant 0.00 0.00 0.00 999-1310.306 Due from LSTP 0.00 0.00 0.00
999-1310.307 Due from Environmental Justice 0.00 0.00 0.00 999-1310.308 Due from STIP 0.00 0.00 0.00
999-1310.309 Due from LSR - STATE GRANT 0.00 0.00 0.00
999-1310.310 Due From Cal Fire Grant 0.00 0.00 0.00
999-1310.311 Due from Other Funds Misc. Grt 0.00 0.00 0.00 999-1310.312 Due from Other Funds SLPP 0.00 0.00 0.00
999-1310.313 Due From Other Prop84 0.00 0.00 0.00
999-1310.314 Due from Strategic Growh Counc 0.00 0.00 0.00 999-1310.315 Due from State Water Grant 0.00 0.00 0.00
999-1310.317 Due from SSARP Grant 0.00 0.00 0.00
999-1310.318 Due from ATP-State 0.00 0.00 0.00
999-1310.319 Due from Housing&Community Dev 0.00 0.00 0.00 999-1310.320 Due from Cal-OES 0.00 0.00 0.00
999-1310.321 Due from TIRCP 0.00 0.00 0.00
999-1310.322 Due from MBHMP 0.00 0.00 0.00
999-1310.323 Due from CALOES 0.00 0.00 0.00
999-1310.324 Due from Planning Grants Program PGP 0.00 0.00 0.00 999-1310.325 Due from Isla Vista Grant 0.00 0.00 0.00
999-1310.401 Due from ISTEA 0.00 0.00 0.00
999-1310.402 Due from CDBG 0.00 0.00 0.00
999-1310.403 Due from Capital Improvement 0.00 0.00 0.00 999-1310.404 Due from STIP 0.00 0.00 0.00
999-1310.405 Due from LSTP 0.00 0.00 0.00
999-1310.406 Due from RSTP-Fed Grant 0.00 0.00 0.00
999-1310.407 Due from TCSP 0.00 0.00 0.00
999-1310.408 Due from EPA Grant 0.00 0.00 0.00
999-1310.409 Due from Public Safety Fund 0.00 0.00 0.00 999-1310.410 Due from STE 0.00 0.00 0.00
999-1310.411 Due from FEMA 0.00 0.00 0.00
999-1310.412 Due from Winter Storm Prep 0.00 0.00 0.00
999-1310.413 Due from 0.00 0.00 0.00
999-1310.414 DUE FROM EECBG 0.00 0.00 0.00
999-1310.415 Due from Fish Restoration 0.00 0.00 0.00
999-1310.416 Due from BPMP 0.00 0.00 0.00
999-1310.417 Due from HSIP 0.00 0.00 0.00
999-1310.418 Due from ATP-Federal 0.00 0.00 0.00
999-1310.419 Due from TIGER 0.00 0.00 0.00
999-1310.420 Due from FHWA - FEBA Reimb 0.00 0.00 0.00
999-1310.421 Due from HMGP Hazard Mit Grant 0.00 0.00 0.00 999-1310.422 Due from CARES 0.00 0.00 0.00
999-1310.423 Due From State & Local Fiscal Recovery Fund 0.00 0.00 0.00 999-1310.501 Due from Library Fund 0.00 0.00 0.00
DRAFT Page 65 of 96 14
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 12.30.2022 Page 7 of 7
999-1310.502 Due from St Light Assessmnt 0.00 0.00 0.00 999-1310.503 Due from PEG 0.00 0.00 0.00
999-1310.504 Due from CASp 0.00 0.00 0.00
999-1310.601 Due from RDA Project 0.00 0.00 0.00
999-1310.602 Due from RDA Housing 0.00 0.00 0.00
999-1310.603 Due from RDA Debt Service 0.00 0.00 0.00
999-1310.604 Due from RDA Bond Proceeds 0.00 0.00 0.00
999-1310.605 Due from RDA Successor Agency 0.00 0.00 0.00 999-1310.606 Due from LMI Successor Agency 0.00 0.00 0.00 999-1310.607 DUE FROM SUCCESSOR DBT SVC 0.00 0.00 0.00
999-1310.608 Due from IBank 0.00 0.00 0.00
999-1310.701 Due from Comstock Plover Endow 0.00 0.00 0.00 999-1310.702 Due from Section 115 Trust - Pension 0.00 0.00 0.00 999-1310.703 Due from Section 115 Trust - OPEB 0.00 0.00 0.00 999-1310.801 Due from Developer Deposit Fund 0.00 0.00 0.00 TOTAL DUE FROM OTHER FUNDS (12,504.00) 12,504.00 0.00

ACCOUNTS PAYABLE
999-2020.000 Accounts Payable-Control 12,504.00 (12,504.00) 0.00 TOTAL ACCOUNTS PAYABLE 12,504.00 (12,504.00) 0.00

0.00 0.00 0.00
AP Pending
Due From Other Funds Accounts Payable
Difference 0.00 0.00

0.00 0.00

0.00 Accounts Payable
Difference Difference
AP Pending 0.00 Due From Other Funds
DRAFT Page 66 of 96 15
ATTACHMENT 3:

Balance Sheets for the Quarter Ending December 31, 2022 DRAFT Page 67 of 96 16
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending December 31, 2022
Attachment 3
General Fund Gas Tax Measure A County Per
Capita ‐ Goleta
County Per
Capita ‐
Buellton
101 201 205 208 209
ASSETS
Cash & Investments
Claim on Cash          38,725,085         2,000,007         5,312,364             214,040             203,462 Petty Cash 1,150 ‐ ‐ ‐ ‐
Bond Discount ‐ ‐ ‐ ‐ ‐
Cash with Fiscal Agent ‐ ‐ ‐ ‐ ‐
Investments
Unrealized Gain/Loss on Invest ‐ ‐ ‐ ‐ ‐
Receivables ‐ ‐ ‐ ‐ ‐
Accounts                348,338 ‐ ‐ ‐ ‐
RDA Settlement Receivable ‐ ‐ ‐ ‐ ‐
Interest ‐ ‐ ‐ ‐ ‐
Security Deposit ‐ ‐ ‐ ‐ ‐
Deposit ‐ Earnest Money ‐ ‐ ‐ ‐ ‐
Deposit ‐ State Condemnation ‐ ‐ ‐ ‐ ‐
Prepaid Items (Expenditures)                  50,032 ‐ ‐ ‐ ‐ Prepaid Bond Insurance Premium ‐ ‐ ‐ ‐ ‐
Deferred Loss on Refunding ‐ ‐ ‐ ‐ ‐
TOTAL ASSETS          39,124,606         2,000,007         5,312,364             214,040             203,462

LIABILITIES
Accounts Payable ‐ ‐ ‐ ‐ ‐
Accrued Salaries & Benefits 9,201 ‐ ‐ (221) ‐
Retentions Payable 2,002 ‐                 8,958 ‐ ‐
Accrued Expenses ‐ ‐ ‐ ‐ ‐
Deferred Revenue                  32,224 ‐ ‐ ‐ ‐
Interest Payable ‐ ‐ ‐ ‐ ‐
Bond Payable ‐ ‐ ‐ ‐ ‐
Bond Premium             1,110,509 ‐ ‐ ‐ ‐
Deferred Loss on Refunding ‐ ‐ ‐ ‐ ‐
Deposit ‐ Miscellaneous ‐ ‐ ‐ ‐ ‐
Developer Deposit Payable ‐ ‐ ‐ ‐ ‐
TOTAL LIABILITIES            1,153,935 ‐                 8,958 (221) ‐

FUND BALANCES
Non‐spendable                  74,711 ‐ ‐ ‐ ‐
Committed          11,065,624 ‐ ‐ ‐ ‐
Assigned                503,500 ‐ ‐ ‐ ‐
Unassigned Fund Balance          26,326,836 ‐ ‐ ‐ ‐
Fund Balance (Other Funds) ‐         2,000,007         5,303,406             214,260             203,462 TOTAL FUND BALANCE          37,970,671         2,000,007         5,303,406             214,260             203,462

TOTAL LIABILITIES &
FUND BALANCE 39,124,606                   2,000,007         5,312,364             214,040 203,462 DRAFT Page 68 of 96 17
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending December 31, 2022
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Security Deposit
Deposit ‐ Earnest Money
Deposit ‐ State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit ‐ Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non‐spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
County Per
Capita ‐
Solvang
Solid Waste GTIP Parks DIF
Public Facilities
DIF
210 211 220 221 222
188,867         1,959,171       11,083,649         8,567,550                (2,409) ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                             1,970,000 ‐                     ‐ ‐ ‐                                   35,156 ‐                     ‐ ‐ ‐                     ‐                                         ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ 188,867         1,959,171       13,088,805         8,567,550                (2,409) ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                                   24,784 ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                                   24,784 ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                                         ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ 188,867         1,959,171       13,088,805         8,542,766                (2,409) 188,867         1,959,171       13,088,805         8,542,766                (2,409) 188,867         1,959,171       13,088,805         8,567,550                (2,409) DRAFT Page 69 of 96 18
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending December 31, 2022
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Security Deposit
Deposit ‐ Earnest Money
Deposit ‐ State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit ‐ Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non‐spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
Library DIF
Sheriff
Facilities DIF Housing in Lieu Fire DIF
Long Range
Development
Plan (LRDP)
223 224 225 229 230
224,398             141,716         1,269,835         3,439,291             160,564 ‐                     ‐ ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                                         ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ 224,398             141,716         1,269,835         3,439,291             160,564 ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                                         ‐ ‐                     ‐ ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ 224,398             141,716         1,269,835         3,439,291             160,564 224,398             141,716         1,269,835         3,439,291             160,564 224,398             141,716         1,269,835         3,439,291             160,564 DRAFT Page 70 of 96 19
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending December 31, 2022
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Security Deposit
Deposit ‐ Earnest Money
Deposit ‐ State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit ‐ Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non‐spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
Developer
Agreements
County Fire
DIF
RSTP       State
Grant STIP HBP
231 232 305 308 401
615,163           (204,392)           (420,350)                (4,309)           (201,221) ‐                     ‐ ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                                         ‐                     ‐ 615,163           (204,392)           (420,350)                (4,309)           (201,221) ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                                         ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ 615,163           (204,392)           (420,350)                (4,309)           (201,221) 615,163           (204,392)           (420,350)                (4,309)           (201,221) 615,163           (204,392)           (420,350)                (4,309)           (201,221) DRAFT Page 71 of 96 20
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending December 31, 2022
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Security Deposit
Deposit ‐ Earnest Money
Deposit ‐ State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit ‐ Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non‐spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
CDBG
RDA Successor‐
NonHousing Other Funds TOTAL FUNDS
402 605 *
(53,975)                 691,514            9,051,936            82,961,956 ‐ ‐                                                228                      1,378 ‐ ‐                          ‐                         ‐ ‐                      ‐ 1,121                                              1,121 503,500                  503,500
‐ ‐                                         (48,727)                   (48,727) ‐ ‐                          ‐                         ‐ ‐ ‐                                           41,239                  389,577 ‐              ‐ 2,327,823                                       2,327,823 ‐ ‐                          ‐                         ‐ ‐ ‐                          ‐                         ‐ ‐ ‐                          ‐                         ‐ ‐ ‐                          ‐                                       1,970,000 ‐ ‐                          ‐                                            85,188 ‐                    ‐ 57,207                                            57,207 ‐                 596,502                        ‐                  596,502 (53,975)             3,674,167            9,548,175            88,845,524 ‐                         ‐                        ‐                           ‐ ‐                         ‐                      (147)                      8,833 ‐                         ‐                        ‐                    35,744 ‐                        ‐                           ‐
‐                         ‐            6,020,595               6,052,819 ‐                   39,496                        ‐                    39,496 ‐                         ‐                        ‐                           ‐ ‐                         ‐                (78,164)               1,032,344 ‐           11,025,000                        ‐            11,025,000 ‐             1,323,777                        ‐               1,323,777 ‐                         ‐            1,180,647               1,180,647 ‐           12,388,273            7,122,930            20,698,659 ‐                         ‐                        ‐                    74,711 ‐                         ‐                        ‐            11,065,624 ‐                         ‐                        ‐                  503,500 ‐                         ‐                        ‐            26,326,836 (53,975)            (8,714,106)            2,425,245            30,176,194 (53,975)            (8,714,106)            2,425,245            68,146,865 (53,975)             3,674,167            9,548,175            88,845,524 DRAFT Page 72 of 96 21
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending December 31, 2022
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Security Deposit
Deposit ‐ Earnest Money
Deposit ‐ State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit ‐ Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non‐spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
*Other Funds Include:
202 Transportation
203 RMRA
206 Measure A‐ Other
212 Public Safety Donations
226 Environmental Programs
233 OBF ‐ SCE
236 Misc Grans Library
237 Local Grants
301 State Park Grant
302 COPS ‐ Public Safety Grant
304 Solid Waste ‐ Recycling Grant
306 LSTP
311 Misc. Grant
314 SCG
317 SSARP Grant
318 ATP (State)
319 Housing and Community Development
320 Cal OES
321 TIRCP
409 OTS Public afety Fund
417 Highway Safety Improvement Program
419 TIGER
420 FHWA ‐ FEMA Reimb
421 HMGP ‐ Hazard Mit Grant
423 ARPA
501 Library Services
502 Street Lighting
503 PEG
504 CASp Cert & Training
701 Plover Endowment
702 Section 115 Trust ‐ Pension
703 Section 115 Trust ‐ OPEB
801 Developer Deposits
DRAFT
806 iBank

ITEM IV:

Agenda Item X.x

CONSENT CALENDAR
Meeting Date: June 6, 2022
TO: Mayor and Councilmembers
FROM: Luke Rioux, Finance Director
SUBJECT: Acceptance of the March 2023 Investment Transaction Report RECOMMENDATION:

Accept the investment transaction report for the month of March 2023.

BACKGROUND:

Transmitted herewith is the investment transaction report for the month of March 2023.

The City Treasurer continues to monitor idle cash balances with the help of the accountants in the Finance Department, transferring cash between the checking and money market accounts daily, or as needed to maximize interest earnings. On a quarterly basis, staff submits a comprehensive report on the City’s portfolio and related activity pursuant to the City’s Investment Policy.

DISCUSSION:

Investment Transaction Report
As of March 31, 2023, the City‘s investment portfolio totaled $84,429,020.38. The City’s weighted average yield in March was 2.522%.

Attachment 1 contains the Investment Transaction Report, which includes the Investment Activity and Interest Report, Summary of Cash and Investments, and Investment Portfolio detail as of March 31, 2023.

Benchmark Comparisons
Figure 1 shows a 2-year interest rate trend chart which compares the City’s portfolio yield by quarter, compared to its benchmarks, the Local Agency Investment Fund (LAIF), and the 1- and 2-Year US Treasury Notes. These benchmarks serve as indicators of the City’s performance. Trends over time that substantially deviate from these benchmarks would warrant further analysis and review. 1 DRAFT Page 75 of 96
Figure 1
(Note: The most recent LAIF apportionment rate is displayed for benchmark purposes.) As of March 31, 2023, LAIF’s apportionment rate was at 2.74%, 1 Year US Treasury yield was at 4.64% and the 2 Year US Treasury yield was at 4.26%, compared to the City’s portfolio yield at 2.522%. By the end of the quarter Treasury yields were higher across the maturity terms of the yield curve. Since the prior quarter the 1 Year US Treasury yield has decreased from 4.73% to 4.64% decreasing by 9 basis points and the 2 Year US Treasury yield has decreased from 4.41% to 4.06% decreasing by 35 basis points. The LAIF daily rate is trending above 2.94% at the time of preparing this report (05/10/2023).

It should be noted that on March 2 and May 3, 2023, the Federal Reserve (Fed) raised the federal funds to a range of 5% to 5.25%, which in turn influences Treasury yields. At the time of preparing this report, the Fed raised the target for the fed funds rate by

0.25% from a range of 4.75% to 5.00% to 5.00% to 5.25% during its May 3-4, 2022, meeting. These actions show the Fed’s focus and dedication in getting inflation under control.

In the current interest rate environment, the City’s interest earnings are forecasted to gradually increase. Short-term and liquid investments like local government investment pools and money market funds tend to follow the Federal Funds Rate very closely. The Fed will meet next on June 13, 2023.
2 DRAFT Page 76 of 96
The pooled cash report is included as Attachment 2. Balance Sheets for the General Fund and all Special Funds are included as well, as Attachment 3.

Investment Program Update
On November 15, 2022, the City Council adopted the updated Investment Policy and authorized the continued annual delegation of authority the Finance Director/City Treasurer to invest city funds in accordance with the Investment Policy. Since the start of the pandemic Finance staff has re-prioritized work efforts from further enhancing the City’s investment program to focus on other competing critical items, such as transitioning processes to function electronically and implementing the City’s financial software system. In addition, workload capacity was strained with changes in staff and vacancies. As staffing levels begin to increase and workload capacity becomes available, staff will continue its work on the investment program to incorporate the other allowable investments into its overall portfolio, such as building out its laddering program. Staff anticipates this work effort to begin in July 2023.

Section 115 Trust Update
Staff is in process of drafting an ongoing funding strategy and investment policy for the Section 115 Trust. The City just received its June 30, 2022 Actuarial Valuation Report in March 2023 which has the current retiree health liabilities. Next steps will include reviewing the updated liability information once available and determining funding amounts for both other-post employee benefit (OPEB) retiree health liabilities and pension liabilities, and then going back to the Finance Committee for review and City Council for adoption of an ongoing funding strategy and policy.

FISCAL IMPACTS:

As of March 31, 2023, the investment portfolio is compliant with all State and Federal laws and the City’s Investment Policy. There are sufficient funds available to meet the City’s expenditure requirements for the next six months.

Reviewed by: Approved by:
_____________________ _____________________
Kristine Schmidt Robert Nisbet
Assistant City Manager City Manager

ATTACHMENTS:

1. Investment Transaction Report for March 31, 2023

2. Pooled Cash Report for the Quarter Ending March 31, 2023

3. Balance Sheets for the Quarter Ending March 31, 2023 3 DRAFT Page 77 of 96
ATTACHMENT 1
Investment Transaction Report March 2023
4 DRAFT Page 78 of 96

INVESTMENT ACTIVITY INVESTMENT INCOME

PURCHASES OR DEPOSITS POOLED INVESTMENTS
Interest Earned on Investments 80,250.94 $
Total
Total $ -

SALES, MATURITIES, CALLS OR WITHDRAWALS
Total $ -
ACTIVITY TOTAL $ INCOME TOTA - L $ 80,250.94
City of Goleta
Investment Activity and Interest Report
March 31, 2023
Attachment 1 5
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ENDING BALANCE AS OF FEBRUARY 28, 2023
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Average
Days to
Maturity
Checking Accounts 2,048,645.81 $ 2,048,645.81 $ 2.405% 0.000% 1 Money Market Accounts 35,719,375.07 35,719,375.07 41.937% 2.416% 1 (1) Local Agency Investment Funds 41,949,097.53 41,168,393.70 49.251% 2.070% 1 (2) Certificates of Deposit 4,954,000.00 $ 4,661,634.92 5.816% 1.960% 1794 U.S. BANK (PARS) 503,500.00 $ 475,133.55 0.591% -7.070% 1 Totals and Averages 85,174,618.41 $ 84,073,183.05 100.000% 2.105% 105 Total Cash and Investments $ 85,174,618.41
NET CASH AND INVESTMENT ACTIVITY FOR MARCH 2023
$ (745,598.03)
ENDING BALANCE AS OF MARCH 31, 2022
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Average
Days to
Maturity
Checking Accounts 1,913,737.37 $ 1,913,737.37 $ 2.267% 0.000% 1 Money Market Accounts (1) 35,108,685.48 35,108,685.48 41.584% 2.615% 1 Local Agency Investment Funds (2) 41,383,218.01 41,949,097.53 49.686% 2.740% 1 Certificates of Deposit 4,954,000.00 4,668,862.51 5.868% 1.960% 1794 U.S. BANK (PARS) 503,500.00 462,864.10 0.596% -7.070% 1 Totals and Averages $ 83,537,367.4 84,429,020.38 $ 7 100.000% 2.522% 106 Total Cash and Investments $ 84,429,020.38
Notes:
(1)
(2)
City of Goleta
Summary of Cash and Investments
March 31, 2023
Community West Bank serves as the City's primary banking institution. Interest earnings are guaranteed at a minimum rate 0.7098% per banking agreement for the money market account. The rate may be adjusted to match the higher of the Pooled Money Investment Account (PMIA) or quarterly Local Agency Investment Fund (LAIF) apportionment rate. All deposits held are required to be fully collateralized by State law. The City has a written collateralization agreement with Community West Bank to ensure the safety of public funds and utilizes an irrevocable letter of credit through the Federal Home Loan Bank of San Francisco.

For reporting purposes the LAIF yield displayed is the apportionment rate available at the time of preparing this report. The apportionment rate is the actual interest earned from LAIF and is based on the prior three-month average of the PMIA effective yield, net of administrative costs. As of FY 17/18 the quarterly apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment loan pursuant to Government Code 20825 (c)(1) and in FY 18/19 interest earned on Wildfire Fund loan pursuant to Public Utility Code 3288 (a), which are not reflected in the PMIA monthly effective yield, due to the structure of the loan.

Attachment 1 6
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City of Goleta
Investment Portfolio
March 31, 2023
PURCHASE MATURITY DAYS TO STATED YIELD AT FACE BOOK MARKET** DATE DATE MATURITY RATE 365 VALUE VALUE VALUE

CHECKING ACCOUNTS
COMMUNITY WEST BANK GENERAL CHKING ACCT - - 1 0 0.000% 1,456,625.54 1,456,625.54 1,456,625.54 COMMUNITY WEST BANK GENERAL REV ACCT 1 0 0.000% 131,456.54 131,456.54 131,456.54 COMMUNITY WEST BANK PAYROLL CHKING ACCT 1 0 0.000% 14.18 14.18 14.18 PERSHING - SAFE KEEPING ACCT 0 0.000% 325,641.11 325,641.11 325,641.11 Subtotal, Checking Accounts 0.000% 0.000% 1,913,737.37 $ $ 1,913,737.37 $ 1,913,737.37

MONEY MARKET ACCOUNTS
COMMUNITY WEST BANK MMA - - 1 2.6150% 2.6150% 35,108,685.48 35,108,685.48 35,108,685.48 Subtotal, MMA Account 1 2.6150% 2.6150% 35,108,685.48 $ $ 35,108,685.48 $ 35,108,685.48

LOCAL AGENCY INVESTMENT FUND
LOCAL AGENCY INVESTMENT FUND - - 1 2.740% 2.740% 41,949,097.53 41,949,097.53 41,383,218.01 Subtotal, LAIF 1 2.740% 2.740% 41,949,097.53 $ $ 41,949,097.53 $ 41,383,218.01

CERTIFICATES OF DEPOSIT
MEDALLION BK UTAH 8/1/2019 7/31/2023 1,460 2.100% 2.100% $249,000.00 $249,000.00 246,455.22 $ 58404DEV9 CAPITAL ONE NA 8/1/2019 7/30/2024 1,825 2.250% 2.250% $247,000.00 $247,000.00 238,014.14 $ 14042RMU2 CAPITAL ONE BANK USA NA 8/1/2019 7/30/2024 1,825 2.250% 2.250% $247,000.00 $247,000.00 238,014.14 $ 14042TBQ9 ENERBANK USA 8/1/2019 7/30/2024 1,825 2.150% 2.150% $247,000.00 $247,000.00 237,693.04 $ 29278TKJ8MORGAN STANLEY BANK NA 8/1/2019 7/30/2024 1,825 2.200% 2.200% $247,000.00 $247,000.00 237,836.30 $ 61690UJX9 MORGAN STANLEY PVT BANK 8/1/2019 7/30/2024 1,825 2.200% 2.200% $247,000.00 $247,000.00 237,836.30 $ 61760AS75 LIVE OAK BKG CO WILMINGTON NC 2/12/2020 8/12/2024 1,643 1.700% 1.700% $247,000.00 $247,000.00 236,092.48 $ 538036HY3 WASHINGTON FEDERAL 8/1/2019 7/30/2024 1,825 2.050% 2.050% $249,000.00 $249,000.00 238,955.34 $ 938828BJ8 WELLS FARGO BK N A SIOUX FALLS S D 1/29/2020 1/29/2025 1,827 1.950% 1.950% $247,000.00 $247,000.00 233,943.58 $ 949763T30 RAYMOND JAMES BK NATL ASSN ST PETERSBURG2/18/2020 2/14/2025 1,823 1.750% 1.750% $247,000.00 $247,000.00 232,901.24 $ 75472RBB6 ENCORE BK LITTLE ROCK ARK CTF DEP 3/25/2020 3/25/2025 1,826 1.150% 1.150% $249,000.00 $249,000.00 231,124.29 $ 29260MAV7 POPPY BK SANTA ROSA CA CTF DEP 4/27/2020 3/27/2025 1,795 1.100% 1.100% $249,000.00 $249,000.00 230,845.41 $ 73319FAK5 AMERICAN EXPRESS NATL BK BROKERED INTL CT4/16/2020 3/31/2025 1,810 1.550% 1.550% $248,000.00 $248,000.00 232,066.00 $ 02589AB68 PACIFIC ENTERPRISE BK IRVINE CA CTF DEP 4/30/2020 3/31/2025 1,796 1.150% 1.150% $249,000.00 $249,000.00 231,017.22 $ 694231AC5 STATE BK INDIA NEW YORK NY CTF DEP 5/15/2020 4/29/2025 1,810 1.600% 1.600% $248,000.00 $248,000.00 231,780.80 $ 856285TF8 ALLY BK SANDY UTAH CRF ACT/365 6/2/2022 6/2/2027 1,826 3.100% 3.100% $249,000.00 $249,000.00 235,937.46 $ 02007GSH7 TOYOTA FINANCIAL SAVINGS BANK HEND NV 10/14/2021 10/14/2026 1,826 1.050% 1.050% $247,000.00 $247,000.00 216,376.94 $ 89235MLU3 US BANK USA SALT LAKE CITY UT 10/27/2021 10/27/2026 1,826 1.050% 1.050% $249,000.00 $249,000.00 217,546.32 $ 90348JV56 DISCOVER BK GREENWOOD DEL 6/1/2022 6/1/2027 1,826 3.200% 3.200% $245,000.00 $245,000.00 229,400.85 $ 254673F76 FIRST TECHNOLOGY FED CREDIT UNION #19976 8/5/2022 8/5/2027 1,826 3.650% 3.650% $247,000.00 $247,000.00 235,025.44 $ 33715LEB2 Subtotal, Certificates of Deposit 1,794 1.960% 1.960% 4,954,000.00 $ 4,954,000.00 $ 4,668,862.51 $

PUBLIC AGENCY RETIREMENT SERVICES (PARS)
OPEB - Moderate Index Plus 2/4/2022 1 -7.070% $ 333,500.00 $ 333,500.00 $ 306,584.26 PENSION - Moderate Index Plus 2/4/2022 1 -7.070% $ 170,000.00 $ 170,000.00 $ 156,279.84Subtotal 1 -7.070% 503,500.00 $ $ 503,500.00 $ 462,864.10 Total $ 84,429,020.38 $ 84,429,020.38 $ 83,537,367.47
Notes:
* Comments for Certificates of Deposit represent the CUSIP Number (Committee on Uniform Securities Identification Procedures). * *Market Value on Certificates of Deposit have been obtained from the City's safekeeping agent, Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation. Market value disclosure is for informational purposes only.

City policy is to hold all investments to maturity; therefore, any unrealized gain or loss reflected between the book value and market value of an investment will not be realized. **Market Value on U.S. Bank, Trustee for PARS: Account balances are inclusive of Trust Administration, Trustee and Investment Management fees.

DESCRIPTION COMMENTS *
Attachment 1
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ATTACHMENT 2:

Pooled Cash Report for the Quarter Ending March 31, 2022 8 DRAFT Page 82 of 96
TYLERHOST\SYSTEM 3.31.2023 Page 1 of 7
Pooled Cash Report
City of Goleta, CA
For the Period Ending 3/31/2023
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE

CLAIM ON CASH
101-1010.000 Claim on Cash 39,751,910.31 (1,913,904.41) 37,838,005.90 102-1010.000 Claim on Cash 0.00 0.00 0.00
201-1010.000 Claim on Cash 1,799,106.21 65,875.64 1,864,981.85 202-1010.000 Claim on Cash 237,422.20 3,766.23 241,188.43 203-1010.000 Claim on Cash 980,883.28 57,989.80 1,038,873.08 205-1010.000 Claim on Cash 5,408,449.79 198,751.30 5,607,201.09 206-1010.000 Claim on Cash (617,227.35) (922.50) (618,149.85) 207-1010.000 Claim on Cash 0.00 0.00 0.00
208-1010.000 Claim on Cash 97,682.60 299,324.35 397,006.95 209-1010.000 Claim on Cash 192,540.21 75,088.83 267,629.04 210-1010.000 Claim on Cash 175,205.60 83,897.54 259,103.14 211-1010.000 Claim on Cash 2,038,093.61 (339,374.77) 1,698,718.84 212-1010.000 Claim on Cash 30,028.48 0.00 30,028.48
213-1010.000 Claim on Cash 120,987.02 (17,856.74) 103,130.28 214-1010.000 Claim on Cash 76,180.69 (19,120.04) 57,060.65 217-1010.000 Claim on Cash (69,437.87) (34,421.44) (103,859.31) 220-1010.000 Claim on Cash 10,862,274.33 (184,389.83) 10,677,884.50 221-1010.000 Claim on Cash 8,553,961.15 (27,386.19) 8,526,574.96 222-1010.000 Claim on Cash (2,408.61) 0.00 (2,408.61)
223-1010.000 Claim on Cash 224,820.25 0.00 224,820.25
224-1010.000 Claim on Cash 141,981.99 0.00 141,981.99
225-1010.000 Claim on Cash 1,272,221.75 0.00 1,272,221.75 226-1010.000 Claim on Cash 174,244.88 0.00 174,244.88
227-1010.000 Claim on Cash 0.00 0.00 0.00
228-1010.000 Claim on Cash 0.00 0.00 0.00
229-1010.000 Claim on Cash 3,443,575.23 0.00 3,443,575.23 230-1010.000 Claim on Cash 56,428.89 0.00 56,428.89
231-1010.000 Claim on Cash 615,163.38 0.00 615,163.38
232-1010.000 Claim on Cash (244,138.48) (7,968.50) (252,106.98) 233-1010.000 Claim on Cash (3,200.59) 0.00 (3,200.59)
234-1010.000 Claim on Cash 540,787.79 0.00 540,787.79
235-1010.000 Claim on Cash 223,719.00 0.00 223,719.00
236-1010.000 Claim on Cash 46,887.51 (86.70) 46,800.81
237-1010.000 Claim on Cash (60,778.05) 0.00 (60,778.05) 238-1010.000 Claim on Cash 6,378.21 0.00 6,378.21
301-1010.000 Claim on Cash 0.00 0.00 0.00
302-1010.000 Claim on Cash 145,909.08 0.00 145,909.08
303-1010.000 Claim on Cash 0.00 0.00 0.00
304-1010.000 Claim on Cash 84,902.93 (7,197.73) 77,705.20 305-1010.000 Claim on Cash (495,494.76) 0.00 (495,494.76) 306-1010.000 Claim on Cash (219,093.20) (8.63) (219,101.83) 307-1010.000 Claim on Cash 0.00 0.00 0.00
308-1010.000 Claim on Cash (4,309.08) 0.00 (4,309.08)
309-1010.000 Claim on Cash 0.00 0.00 0.00
310-1010.000 Claim on Cash 0.00 0.00 0.00
311-1010.000 Claim on Cash 6,704.86 (8,156.34) (1,451.48) 312-1010.000 Claim on Cash 0.00 0.00 0.00
313-1010.000 Claim on Cash 0.00 0.00 0.00
314-1010.000 Claim on Cash 0.00 0.00 0.00
315-1010.000 Claim on Cash 0.00 0.00 0.00
317-1010.000 Claim on Cash (49,404.49) 0.00 (49,404.49) 318-1010.000 Claim on Cash (14,755.20) 0.00 (14,755.20) 319-1010.000 Claim on Cash (110,037.25) (14,550.00) (124,587.25) Attachment 2 9
DRAFT Page 83 of 96
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 3.31.2023 Page 2 of 7
320-1010.000 Claim on Cash 14,231.00 0.00 14,231.00
321-1010.000 Claim on Cash (377,325.34) 106,400.13 (270,925.21) 322-1010.000 Claim on Cash (779,047.08) (111,639.30) (890,686.38) 323-1010.000 Claim on Cash 5,520.86 0.00 5,520.86
324-1010.000 Claim on Cash 0.00 0.00 0.00
325-1010.000 Claim on Cash (1,217.42) (6,543.62) (7,761.04) 401-1010.000 Claim on Cash (203,254.03) (62,086.13) (265,340.16) 402-1010.000 Claim on Cash (84,494.23) (46,022.39) (130,516.62) 403-1010.000 Claim on Cash 0.00 0.00 0.00
404-1010.000 Claim on Cash 0.00 0.00 0.00
405-1010.000 Claim on Cash 0.00 0.00 0.00
406-1010.000 Claim on Cash 0.00 0.00 0.00
407-1010.000 Claim on Cash 0.00 0.00 0.00
408-1010.000 Claim on Cash 0.00 0.00 0.00
409-1010.000 Claim on Cash (4,537.01) 0.00 (4,537.01)
410-1010.000 Claim on Cash 0.00 0.00 0.00
411-1010.000 ClaIm on Cash 0.00 0.00 0.00
412-1010.000 Claim on Cash 0.00 0.00 0.00
413-1010.000 Claim on Cash 0.00 0.00 0.00
414-1010.000 Claim on Cash 0.00 0.00 0.00
415-1010.000 Claim on Cash 0.00 0.00 0.00
416-1010.000 Claim on Cash 0.00 0.00 0.00
417-1010.000 Claim on Cash 5,636.00 0.00 5,636.00
418-1010.000 Claim on Cash 0.00 0.00 0.00
419-1010.000 Claim on Cash 0.00 0.00 0.00
420-1010.000 Claim on Cash 58,107.00 0.00 58,107.00
421-1010.000 Claim on Cash (5,559.91) 0.00 (5,559.91)
422-1010.000 Claim on Cash 0.00 0.00 0.00
423-1010.000 Claim on Cash 5,783,990.00 (600,000.00) 5,183,990.00 501-1010.000 Claim on Cash 715,712.78 (50,890.53) 664,822.25 502-1010.000 Claim on Cash 241,242.68 (37,623.41) 203,619.27 503-1010.000 Claim on Cash 209,883.79 0.00 209,883.79
504-1010.000 Claim on Cash 33,937.00 536.00 34,473.00
605-1010.000 Claim on Cash 1,134,760.38 0.00 1,134,760.38 606-1010.000 Claim on Cash 0.00 0.00 0.00
607-1010.000 Claim on Cash 0.00 0.00 0.00
608-1010.000 Claim on Cash 0.00 0.00 0.00
701-1010.000 Claim on Cash 150,323.96 0.00 150,323.96
702-1010.000 Claim on Cash 0.00 0.00 0.00
703-1010.000 Claim on Cash 0.00 0.00 0.00
801-1010.000 Claim on Cash 1,022,087.40 (45,404.25) 976,683.15 TOTAL CLAIM ON CASH 83,338,164.13 (2,643,923.63) 80,694,240.50

CASH IN BANK
Cash in Bank
999-1010.000 Cash 0.00 0.00 0.00
999-1011.000 Payroll Cash 0.00 0.00 0.00
999-1012.000 Community West Cash Account (5,222,684.15) (5,198,291.53) (10,420,975.68) 999-1013.000 CWB Revenue Cash Account 2,811,543.66 2,554,367.90 5,365,911.56 999-1080.000 LAIF 41,723,773.75 0.00 41,723,773.75
999-1082.000 Money Market-Community West 38,752,738.95 0.00 38,752,738.95 999-1083.000 Pershing C.D. 4,954,000.00 0.00 4,954,000.00 999-1083.001 Pershing Sweep Cash Account 318,791.92 0.00 318,791.92 999-1083.002 Pershing Investment-Unrealized Gain/Loss 0.00 0.00 0.00 TOTAL: Cash in Bank 83,338,164.13 (2,643,923.63) 80,694,240.50 TOTAL CASH IN BANK 83,338,164.13 (2,643,923.63) 80,694,240.50

DUE TO OTHER FUNDS
999-2070.000 Due to Other Funds 83,338,164.13 (2,643,923.63) 80,694,240.50 Attachment 2 10 DRAFT Page 84 of 96
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 3.31.2023 Page 3 of 7
TOTAL DUE TO OTHER FUNDS 83,338,164.13 (2,643,923.63) 80,694,240.50 80,694,240.50
80,694,240.50 80,694,240.50
Claim on Cash
Cash in Bank Due To Other Funds
Difference 0.00
80,694,240.50

0.00 80,694,240.50
80,694,240.50

0.00 Due To Other Funds
Difference Difference
Claim on Cash Cash in Bank
Attachment 2 11 DRAFT Page 85 of 96
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 3.31.2023 Page 4 of 7

ACCOUNTS PAYABLE PENDING
101-2020.000 Accounts Payable 100.00 (100.00) 0.00
102-2020.000 Accounts Payable 0.00 0.00 0.00
201-2020.000 Accounts Payable 0.00 0.00 0.00
202-2020.000 Accounts Payable 0.00 0.00 0.00
203-2020.000 Accounts Payable 0.00 0.00 0.00
205-2020.000 Accounts Payable 0.00 0.00 0.00
206-2020.000 Accounts Payable 0.00 0.00 0.00
207-2020.000 Accounts Payable 0.00 0.00 0.00
208-2020.000 Accounts Payable 0.00 0.00 0.00
209-2020.000 Accounts Payable 0.00 0.00 0.00
210-2020.000 Accounts Payable 0.00 0.00 0.00
211-2020.000 Accounts Payable 0.00 0.00 0.00
212-2020.000 Accounts Payable 0.00 0.00 0.00
213-2020.000 Accounts Payable 0.00 0.00 0.00
214-2020.000 Accounts Payable 0.00 0.00 0.00
220-2020.000 Accounts Payable 0.00 0.00 0.00
221-2020.000 Accounts Payable 0.00 0.00 0.00
222-2020.000 Accounts Payable 0.00 0.00 0.00
223-2020.000 Accounts Payable 0.00 0.00 0.00
224-2020.000 Accounts Payable 0.00 0.00 0.00
225-2020.000 Accounts Payable 0.00 0.00 0.00
226-2020.000 Accounts Payable 0.00 0.00 0.00
227-2020.000 Accounts Payable 0.00 0.00 0.00
228-2020.000 Accounts Payable 0.00 0.00 0.00
229-2020.000 Accounts Payable 0.00 0.00 0.00
230-2020.000 Accounts Payable 0.00 0.00 0.00
231-2020.000 Accounts Payable 0.00 0.00 0.00
232-2020.000 Accounts Payable 0.00 0.00 0.00
233-2020.000 Accounts Payable 0.00 0.00 0.00
234-2020.000 Accounts Payable 0.00 0.00 0.00
235-2020.000 Accounts Payable 0.00 0.00 0.00
236-2020.000 Accounts Payable 0.00 0.00 0.00
237-2020.000 Accounts Payable 0.00 0.00 0.00
238-2020.000 Accounts Payable 0.00 0.00 0.00
301-2020.000 Accounts Payable 0.00 0.00 0.00
302-2020.000 Accounts Payable 0.00 0.00 0.00
303-2020.000 Accounts Payable 0.00 0.00 0.00
304-2020.000 Accounts Payable 0.00 0.00 0.00
305-2020.000 Accounts Payable 0.00 0.00 0.00
306-2020.000 Accounts Payable 0.00 0.00 0.00
307-2020.000 Accounts Payable 0.00 0.00 0.00
308-2020.000 Accounts Payable 0.00 0.00 0.00
309-2020.000 Accounts Payable 0.00 0.00 0.00
310-2020.000 Accounts Payable 0.00 0.00 0.00
311-2020.000 Accounts Payable 0.00 0.00 0.00
312-2020.000 Accounts Payable 0.00 0.00 0.00
313-2020.000 Accounts Payable 0.00 0.00 0.00
314-2020.000 Accounts Payable 0.00 0.00 0.00
315-2020.000 Accounts Payable 0.00 0.00 0.00
317-2020.000 Accounts Payable 0.00 0.00 0.00
318-2020.000 Accounts Payable 0.00 0.00 0.00
319-2020.000 Accounts Payable 0.00 0.00 0.00
320-2020.000 Accounts Payable 0.00 0.00 0.00
321-2020.000 Accounts Payable 0.00 0.00 0.00
322-2020.000 Accounts Payable 0.00 0.00 0.00
323-2020.000 Accounts Payable 0.00 0.00 0.00
324-2020.000 Accounts Payable 0.00 0.00 0.00
325-2020.000 Accounts Payable 0.00 0.00 0.00
401-2020.000 Accounts Payable 0.00 0.00 0.00
402-2020.000 Accounts Payable 0.00 0.00 0.00
Attachment 2 12 DRAFT Page 86 of 96
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 3.31.2023 Page 5 of 7
403-2020.000 Accounts Payable 0.00 0.00 0.00
404-2020.000 Accounts Payable 0.00 0.00 0.00
405-2020.000 Accounts Payable 0.00 0.00 0.00
406-2020.000 Accounts Payable 0.00 0.00 0.00
407-2020.000 Accounts Payable 0.00 0.00 0.00
408-2020.000 Accounts Payable 0.00 0.00 0.00
409-2020.000 Accounts Payable 0.00 0.00 0.00
410-2020.000 Accounts Payable 0.00 0.00 0.00
411-2020.000 Accounts Payable 0.00 0.00 0.00
412-2020.000 Accounts Payable 0.00 0.00 0.00
413-2020.000 Accounts Payable 0.00 0.00 0.00
414-2020.000 Accounts Payable 0.00 0.00 0.00
415-2020.000 Accounts Payable 0.00 0.00 0.00
416-2020.000 Accounts Payable 0.00 0.00 0.00
417-2020.000 Accounts Payable 0.00 0.00 0.00
418-2020.000 Accounts Payable 0.00 0.00 0.00
419-2020.000 Accounts Payable 0.00 0.00 0.00
420-2020.000 Accounts Payable 0.00 0.00 0.00
421-2020.000 Accounts Payable 0.00 0.00 0.00
422-2020.000 Accounts Payable 0.00 0.00 0.00
423-2020.000 Accounts Payable 0.00 0.00 0.00
501-2020.000 Accounts Payable 79.51 (79.51) 0.00
502-2020.000 Accounts Payable 0.00 0.00 0.00
503-2020.000 Accounts Payable 0.00 0.00 0.00
504-2020.000 Accounts Payable 0.00 0.00 0.00
605-2020.000 Accounts Payable 0.00 0.00 0.00
606-2020.000 Accounts Payable 0.00 0.00 0.00
607-2020.000 Accounts Payable 0.00 0.00 0.00
608-2020.000 Accounts Payable 0.00 0.00 0.00
701-2020.000 Accounts Payable 0.00 0.00 0.00
702-2020.000 Accounts Payable 0.00 0.00 0.00
703-2020.000 Accounts Payable 0.00 0.00 0.00
801-2020.000 Accounts Payable 0.00 0.00 0.00
TOTAL ACCOUNTS PAYABLE PENDING 179.51 (179.51) 0.00

DUE FROM OTHER FUNDS
999-1310.101 Due from General Fund (100.00) 100.00 0.00 999-1310.102 Due from General Fund Reserves 0.00 0.00 0.00 999-1310.198 Due from Vehicle Replace 0.00 0.00 0.00
999-1310.199 Due from City Debt Service Fnd 0.00 0.00 0.00 999-1310.201 Due from Gas Tax 0.00 0.00 0.00
999-1310.202 Due from Transportation 0.00 0.00 0.00
999-1310.203 Due from Road Maint Rehab Acct 0.00 0.00 0.00 999-1310.205 Due from Measure D 0.00 0.00 0.00
999-1310.206 Due from Measure A - Other 0.00 0.00 0.00
999-1310.207 Due from Meas A SBCAG Light Ra 0.00 0.00 0.00 999-1310.208 Due from County Per Capita 0.00 0.00 0.00
999-1310.209 Due from County Per Capita 0.00 0.00 0.00
999-1310.210 Due from County Per Capita 0.00 0.00 0.00
999-1310.211 Due from Solid Waste Fund 0.00 0.00 0.00
999-1310.212 Due from Pub. Safety Donations 0.00 0.00 0.00 999-1310.213 Due from Buellton Library 0.00 0.00 0.00
999-1310.214 Due from Solvang Library 0.00 0.00 0.00
999-1310.217 Due from Goleta Community Center 0.00 0.00 0.00 999-1310.220 Due from GTIP 0.00 0.00 0.00
999-1310.221 Due from Park Development Fees 0.00 0.00 0.00 999-1310.222 Due from Devel. Impact Fees 0.00 0.00 0.00 999-1310.223 Due from Library Facilities DI 0.00 0.00 0.00 999-1310.224 Due from Sherrif Faciliteis DI 0.00 0.00 0.00 999-1310.225 Due from Housing In-Lieu Fund 0.00 0.00 0.00 999-1310.226 Due from Environmental Program 0.00 0.00 0.00 Attachment 2 13 DRAFT Page 87 of 96
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 3.31.2023 Page 6 of 7
999-1310.227 Due from Mangement Habitat 0.00 0.00 0.00
999-1310.228 Due from Housing In-Lieu-RDA 0.00 0.00 0.00 999-1310.229 Due from Fire DIF Fund 0.00 0.00 0.00
999-1310.230 Due from LRDP 0.00 0.00 0.00
999-1310.231 Due from Developer Agreement 0.00 0.00 0.00 999-1310.232 Due from County Fire DIF 0.00 0.00 0.00
999-1310.233 Due from OBF - SCE 0.00 0.00 0.00
999-1310.234 Due from Storm Drain DIF 0.00 0.00 0.00
999-1310.235 Due from Bicycle & Ped DIF 0.00 0.00 0.00
999-1310.236 Due from Other Funds Misc. Grt 0.00 0.00 0.00 999-1310.237 Due from Local Grants 0.00 0.00 0.00
999-1310.238 Due from Non-Residential Affordable Housing DIF 0.00 0.00 0.00 999-1310.247 Due From Citywide CIP Fund 0.00 0.00 0.00
999-1310.301 Due from State Park Fund 0.00 0.00 0.00
999-1310.302 Due from Public Safety 0.00 0.00 0.00
999-1310.303 Due from OTS Grant 0.00 0.00 0.00
999-1310.304 Due from Solid Waste Grant 0.00 0.00 0.00
999-1310.305 Due from RSTP - State Grant 0.00 0.00 0.00 999-1310.306 Due from LSTP 0.00 0.00 0.00
999-1310.307 Due from Environmental Justice 0.00 0.00 0.00 999-1310.308 Due from STIP 0.00 0.00 0.00
999-1310.309 Due from LSR - STATE GRANT 0.00 0.00 0.00
999-1310.310 Due From Cal Fire Grant 0.00 0.00 0.00
999-1310.311 Due from Other Funds Misc. Grt 0.00 0.00 0.00 999-1310.312 Due from Other Funds SLPP 0.00 0.00 0.00
999-1310.313 Due From Other Prop84 0.00 0.00 0.00
999-1310.314 Due from Strategic Growh Counc 0.00 0.00 0.00 999-1310.315 Due from State Water Grant 0.00 0.00 0.00
999-1310.317 Due from SSARP Grant 0.00 0.00 0.00
999-1310.318 Due from ATP-State 0.00 0.00 0.00
999-1310.319 Due from Housing&Community Dev 0.00 0.00 0.00 999-1310.320 Due from Cal-OES 0.00 0.00 0.00
999-1310.321 Due from TIRCP 0.00 0.00 0.00
999-1310.322 Due from MBHMP 0.00 0.00 0.00
999-1310.323 Due from CALOES 0.00 0.00 0.00
999-1310.324 Due from Planning Grants Program PGP 0.00 0.00 0.00 999-1310.325 Due from Isla Vista Grant 0.00 0.00 0.00
999-1310.401 Due from ISTEA 0.00 0.00 0.00
999-1310.402 Due from CDBG 0.00 0.00 0.00
999-1310.403 Due from Capital Improvement 0.00 0.00 0.00 999-1310.404 Due from STIP 0.00 0.00 0.00
999-1310.405 Due from LSTP 0.00 0.00 0.00
999-1310.406 Due from RSTP-Fed Grant 0.00 0.00 0.00
999-1310.407 Due from TCSP 0.00 0.00 0.00
999-1310.408 Due from EPA Grant 0.00 0.00 0.00
999-1310.409 Due from Public Safety Fund 0.00 0.00 0.00 999-1310.410 Due from STE 0.00 0.00 0.00
999-1310.411 Due from FEMA 0.00 0.00 0.00
999-1310.412 Due from Winter Storm Prep 0.00 0.00 0.00
999-1310.413 Due from 0.00 0.00 0.00
999-1310.414 DUE FROM EECBG 0.00 0.00 0.00
999-1310.415 Due from Fish Restoration 0.00 0.00 0.00
999-1310.416 Due from BPMP 0.00 0.00 0.00
999-1310.417 Due from HSIP 0.00 0.00 0.00
999-1310.418 Due from ATP-Federal 0.00 0.00 0.00
999-1310.419 Due from TIGER 0.00 0.00 0.00
999-1310.420 Due from FHWA - FEBA Reimb 0.00 0.00 0.00
999-1310.421 Due from HMGP Hazard Mit Grant 0.00 0.00 0.00 999-1310.422 Due from CARES 0.00 0.00 0.00
999-1310.423 Due From State & Local Fiscal Recovery Fund 0.00 0.00 0.00 999-1310.501 Due from Library Fund (79.51) 79.51 0.00
Attachment 2 14 DRAFT Page 88 of 96
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 3.31.2023 Page 7 of 7
999-1310.502 Due from St Light Assessmnt 0.00 0.00 0.00 999-1310.503 Due from PEG 0.00 0.00 0.00
999-1310.504 Due from CASp 0.00 0.00 0.00
999-1310.601 Due from RDA Project 0.00 0.00 0.00
999-1310.602 Due from RDA Housing 0.00 0.00 0.00
999-1310.603 Due from RDA Debt Service 0.00 0.00 0.00
999-1310.604 Due from RDA Bond Proceeds 0.00 0.00 0.00
999-1310.605 Due from RDA Successor Agency 0.00 0.00 0.00 999-1310.606 Due from LMI Successor Agency 0.00 0.00 0.00 999-1310.607 DUE FROM SUCCESSOR DBT SVC 0.00 0.00 0.00
999-1310.608 Due from IBank 0.00 0.00 0.00
999-1310.701 Due from Comstock Plover Endow 0.00 0.00 0.00 999-1310.702 Due from Section 115 Trust - Pension 0.00 0.00 0.00 999-1310.703 Due from Section 115 Trust - OPEB 0.00 0.00 0.00 999-1310.801 Due from Developer Deposit Fund 0.00 0.00 0.00 TOTAL DUE FROM OTHER FUNDS (179.51) 179.51 0.00

ACCOUNTS PAYABLE
999-2020.000 Accounts Payable-Control 179.51 (179.51) 0.00 TOTAL ACCOUNTS PAYABLE 179.51 (179.51) 0.00

0.00 0.00 0.00
AP Pending
Due From Other Funds Accounts Payable
Difference 0.00 0.00

0.00 0.00

0.00 Accounts Payable
Difference Difference
AP Pending 0.00 Due From Other Funds
Attachment 2 15 DRAFT Page 89 of 96
ATTACHMENT 3:

Balance Sheets for the Quarter Ending March 31, 2023
16 DRAFT Page 90 of 96
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending March 31, 2023
Attachment 3
General Fund Gas Tax Measure A County Per
Capita ‐ Goleta
County Per
Capita ‐
Buellton
101 201 205 208 209
ASSETS
Cash & Investments
Claim on Cash          39,600,730         1,872,298         5,623,142            373,899            268,318 Petty Cash                    1,150 ‐                     ‐                     ‐                     ‐ Bond Discount                        ‐ ‐                     ‐                     ‐                     ‐ Cash with Fiscal Agent                        ‐ ‐                     ‐                     ‐                     ‐ Investments
Unrealized Gain/Loss on Invest                         ‐                     ‐ ‐                     ‐                     ‐ Receivables                        ‐ ‐                     ‐                     ‐                     ‐ Accounts                432,555 ‐                     ‐                     ‐                     ‐ RDA Settlement Receivable                        ‐ ‐                     ‐                     ‐                     ‐ Interest                        ‐ ‐                     ‐                     ‐                     ‐ Prepaid Expenditures (Other)                        ‐ ‐                     ‐                     ‐                     ‐ Security Deposit                        ‐ ‐                     ‐                     ‐                     ‐ Deposit ‐ Earnest Money                        ‐ ‐                     ‐                     ‐                     ‐ Deposit ‐ State Condemnation                        ‐ ‐                     ‐                     ‐                     ‐ Prepaid Items (Expenditures)                  50,032 ‐                     ‐                     ‐                     ‐ Prepaid Bond Insurance Premium                        ‐                     ‐ ‐                     ‐                     ‐ Deferred Loss on Refunding                        ‐ ‐                     ‐                     ‐                     ‐ TOTAL ASSETS          40,084,467         1,872,298         5,623,142            373,899            268,318

LIABILITIES
Accounts Payable                  10,450 ‐                     ‐                                             6 ‐ Accrued Salaries & Benefits                    9,813 ‐                     ‐                     ‐                     ‐ Retentions Payable                  23,547               17,473               16,847 ‐                     ‐ Accrued Expenses                        ‐ ‐                     ‐                     ‐                     ‐ Deferred Revenue                114,707 ‐                     ‐                     ‐                     ‐ Interest Payable                        ‐ ‐                     ‐                     ‐                     ‐ Bond Payable                        ‐ ‐                     ‐                     ‐                     ‐ Bond Premium            1,081,687                     ‐ ‐                     ‐                     ‐ Deferred Loss on Refunding                        ‐ ‐                     ‐                     ‐                     ‐ Deposit ‐ Miscellaneous                        ‐ ‐                     ‐                     ‐                     ‐ Developer Deposit Payable                        ‐ ‐                     ‐                     ‐                     ‐ TOTAL LIABILITIES            1,240,203               17,473               16,847                        6 ‐

FUND BALANCES
Non‐spendable                  74,711 ‐                     ‐                     ‐                     ‐ Committed          11,065,624 ‐                     ‐                     ‐                     ‐ Assigned                503,500 ‐                     ‐                     ‐                     ‐ Unassigned Fund Balance          27,200,429 ‐                     ‐                     ‐                     ‐ Fund Balance (Other Funds)                        ‐         1,854,825         5,606,295            373,893            268,318 TOTAL FUND BALANCE 38,844,264                   1,854,825         5,606,295            373,893            268,318

TOTAL LIABILITIES &
FUND BALANCE 40,084,467                   1,872,298         5,623,142            373,899            268,318 17 DRAFT Page 91 of 96
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending March 31, 2023
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Prepaid Expenditures (Other)
Security Deposit
Deposit ‐ Earnest Money
Deposit ‐ State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit ‐ Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non‐spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
County Per
Capita ‐
Solvang
Solid Waste GTIP Parks DIF
Public Facilities
DIF
210 211 220 221 222
259,730         1,700,224       10,628,449         8,558,624                (2,409) ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                             1,970,000 ‐                     ‐ ‐                                        ‐              35,156 ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ 259,730         1,700,224       12,633,605         8,558,624               (2,409) ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                    ‐                                         ‐ ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ 259,730         1,700,224       12,633,605         8,558,624                (2,409) 259,730         1,700,224       12,633,605         8,558,624               (2,409) 259,730         1,700,224       12,633,605         8,558,624               (2,409) 18 DRAFT Page 92 of 96
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending March 31, 2023
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Prepaid Expenditures (Other)
Security Deposit
Deposit ‐ Earnest Money
Deposit ‐ State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit ‐ Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non‐spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
Library DIF
Sheriff
Facilities DIF Housing in Lieu Fire DIF
Long Range
Development
Plan (LRDP)
223 224 225 229 230
225,660            142,513         1,276,976         3,456,449               56,429 ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                                        ‐                     ‐ ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ 225,660            142,513         1,276,976         3,456,449               56,429 ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                                       ‐ ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ 225,660            142,513         1,276,976         3,456,449               56,429 225,660            142,513         1,276,976         3,456,449               56,429 225,660            142,513         1,276,976         3,456,449               56,429 19 DRAFT Page 93 of 96
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending March 31, 2023
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Prepaid Expenditures (Other)
Security Deposit
Deposit ‐ Earnest Money
Deposit ‐ State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit ‐ Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non‐spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
Developer
Agreements
County Fire
DIF
RSTP       State
Grant STIP HBP
231 232 305 308 401
615,163           (252,107)           (420,350)             (24,239)           (286,123) ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐ ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ 615,163           (252,107)           (420,350)             (24,239)           (286,123) ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                    ‐                    ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ ‐                     ‐                     ‐                     ‐                     ‐ 615,163           (252,107)           (420,350)             (24,239)           (286,123) 615,163           (252,107)           (420,350)             (24,239)           (286,123) 615,163           (252,107)           (420,350)             (24,239)           (286,123) 20 DRAFT Page 94 of 96
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending March 31, 2023
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Prepaid Expenditures (Other)
Security Deposit
Deposit ‐ Earnest Money
Deposit ‐ State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit ‐ Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non‐spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
CDBG
RDA Successor‐
NonHousing Other Funds TOTAL FUNDS
402 605 *
(2,801)             1,138,276            7,742,623            82,551,474 ‐                                         ‐                       228                      1,378 ‐                                         ‐                        ‐                          ‐ ‐                                     1,121                        ‐                      1,121 503,500                 503,500
‐                                         ‐                (48,727)                  (48,727) ‐                                         ‐                        ‐                          ‐ ‐                                         ‐                 41,239                 473,793 ‐                             2,327,823                        ‐              2,327,823 ‐                                         ‐                        ‐                          ‐ ‐                                         ‐                        ‐                          ‐ ‐                                         ‐                        ‐                          ‐ ‐                                         ‐                        ‐                          ‐ ‐                                         ‐                        ‐              1,970,000 ‐                                         ‐                        ‐                    85,188 ‐                                 57,207                       ‐                    57,207 ‐                                596,502                        ‐                 596,502 (2,801)             4,120,928            8,238,862            88,519,259 ‐                                         ‐                   5,014                    15,470 ‐                                         ‐                        ‐                      9,813 ‐                                         ‐                 11,649                    69,517 ‐                        ‐                          ‐
‐                                         ‐            5,973,990              6,088,697 ‐                                  39,496                        ‐                    39,496 ‐                                         ‐                        ‐                          ‐ ‐                                         ‐                (63,478)              1,018,209 ‐                           11,025,000                        ‐            11,025,000 ‐                             1,323,777                        ‐              1,323,777 ‐                                         ‐            1,042,316              1,042,316 ‐                           12,388,273            6,969,491            20,632,293 ‐                                       ‐                       ‐                    74,711 ‐                                         ‐                        ‐            11,065,624 ‐                                         ‐                        ‐                 503,500 ‐                                         ‐                        ‐            27,200,429 (2,801)            (8,267,345)            1,269,372            29,042,702 (2,801)           (8,267,345)            1,269,372            67,886,966 (2,801)             4,120,928            8,238,862            88,519,259 21 DRAFT Page 95 of 96
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending March 31, 2023
Attachment 3
ASSETS
Cash & Investments
Claim on Cash
Petty Cash
Bond Discount
Cash with Fiscal Agent
Investments
Unrealized Gain/Loss on Invest
Receivables
Accounts
RDA Settlement Receivable
Interest
Prepaid Expenditures (Other)
Security Deposit
Deposit ‐ Earnest Money
Deposit ‐ State Condemnation
Prepaid Items (Expenditures)
Prepaid Bond Insurance Premium
Deferred Loss on Refunding

TOTAL ASSETS

LIABILITIES
Accounts Payable
Accrued Salaries & Benefits
Retentions Payable
Accrued Expenses
Deferred Revenue
Interest Payable
Bond Payable
Bond Premium
Deferred Loss on Refunding
Deposit ‐ Miscellaneous
Developer Deposit Payable

TOTAL LIABILITIES

FUND BALANCES
Non‐spendable
Committed
Assigned
Unassigned Fund Balance
Fund Balance (Other Funds)

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
*Other Funds Include:
202 Transportation
203 RMRA
206 Measure A‐ Other
212 Public Safety Donations
217 GCC
226 Environmental Programs
233 OBF ‐ SCE
236 Misc Grans Library
237 Local Grants
238 DIF Non‐Residential
301 State Park Grant
302 COPS ‐ Public Safety Grant
304 Solid Waste ‐ Recycling Grant
306 LSTP
311 Misc. Grant
314 SCG
317 SSARP Grant
318 ATP (State)
319 Housing and Community Development
320 Cal OES
321 TIRCP
409 OTS Public afety Fund
417 Highway Safety Improvement Program
419 TIGER
420 FHWA ‐ FEMA Reimb
421 HMGP ‐ Hazard Mit Grant
423 ARPA
501 Library Services
502 Street Lighting
503 PEG
504 CASp Cert & Training
701 Plover Endowment
801 Developer Deposits
806 iBank
22 DRAFT Page 96 of 96