Agenda packet — Finance and Audit Committee, March 10, 2025 (part 2 of 2)

 We have identified and communicated to you all previous audits, attestation engagements, and other studies related to the audit objectives and whether related recommendations have been implemented.
 The methods, data and significant assumptions used by us in making accounting estimates and their related disclosures, are appropriate to achieve recognition, measurement, or disclosure that is reasonable in the context of the applicable financial reporting framework.  All related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of U.S. GAAP.  All events subsequent to the date of the financial statements and for which U.S. GAAP requires adjustment or disclosure have been adjusted or disclosed.  We have reviewed and approved the various adjusting journal entries that were proposed by you for recording in our books and records and reflected in the financial statements.  The effects of all known actual or possible litigation and claims have been accounted for and disclosed in accordance with U.S. GAAP.
 All component units, as well as joint ventures with an equity interest, if any, are included and other joint ventures and related organizations are properly disclosed.  All funds and activities are properly classified.
 All funds that meet the quantitative criteria in GASB Statement No. 34, Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments, GASB Statement No. 37, Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments: Omnibus as amended, and GASB Statement No. 65, Items Previously Reported as Assets and Liabilities, for presentation as major are identified and presented as such and all other funds that are presented as major are considered important to financial statement users.
 All components of net position, nonspendable fund balance, and restricted, committed, assigned, and unassigned fund balance are properly classified and, if applicable, approved.  Our policy regarding whether to first apply restricted or unrestricted resources when an expense is incurred for purposes for which both restricted and unrestricted net position/fund balance are available is appropriately disclosed and net position/fund balance is properly recognized under the policy.
 All revenues within the statement of activities have been properly classified as program revenues, general revenues, contributions to term or permanent endowments, or contributions to permanent fund principal.
 All expenses have been properly classified in or allocated to functions and programs in the statement of activities, and allocations, if any, have been made on a reasonable basis.  All interfund and intra-entity transactions and balances have been properly classified and reported.  Special items and extraordinary items have been properly classified and reported.  Deposit and investment risks have been properly and fully disclosed.  Capital assets, including infrastructure assets, are properly capitalized, reported, and if applicable, depreciated.
 All required supplementary information is measured and presented within the prescribed guidelines.
 We have evaluated all of our lease and subscription agreements and have given you our assessment as to whether each agreement is subject to GASB Statement No. 87, Leases and GASB Statement No. 96, Subscription Based Information Technology Arrangements.  With regard to investments and other instruments reported at fair value:
 The underlying assumptions are reasonable and they appropriately reflect management’s intent and ability to carry out its stated courses of action.  The measurement methods and related assumptions used in determining fair value are appropriate in the circumstances and have been consistently applied.  The disclosures related to fair values are complete, adequate, and in accordance with U.S.

GAAP.
 There are no subsequent events that require adjustments to the fair value measurements and disclosures included in the financial statements.

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 With respect to preparation of the financial statements, we have performed the following:
 Made all management decisions and performed all management functions;  Assigned a competent individual to oversee the services;  Evaluated the adequacy of the services performed;
 Evaluated and accepted responsibility for the result of the service performed; and  Established and maintained internal controls, a process to monitor the system of internal controls.

Information Provided
 We have provided you with:
 Access to all information, of which we are aware that is relevant to the preparation and fair presentation of the financial statements of the various opinion units referred to above, such as records, documentation, meeting minutes, and other matters;  Additional information that you have requested from us for the purpose of the audit; and  Unrestricted access to persons within the entity from whom you determined it necessary to obtain audit evidence.
 A written acknowledgement of all the documents that we expect to issue that will be included in the annual report and the planned timing and method of issuance of that annual report;
 A final version of the annual report (including all the documents that, together, comprise the annual report) in a timely manner prior to the date of the auditor’s report.  The financial statements and any other information included in the annual report are consistent with one another, and the other information does not contain any material misstatements.  All information provided in electronic form are true representations of the original documents.  All transactions have been recorded in the accounting records and are reflected in the financial statements.
 We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud.
 We have provided to you our analysis of the entity’s ability to continue as a going concern, including significant conditions and events present, and we believe that our use of the going concern basis of accounting is appropriate.
 We have no knowledge of any fraud or suspected fraud that affects the entity and involves:
 Management;
 Employees who have significant roles in internal control; or  Others where the fraud could have a material effect on the financial statements.  We have no knowledge of any allegations of fraud, or suspected fraud, affecting the entity’s financial statements communicated by employees, former employees, vendors, regulators, or others.
 We are not aware of any pending or threatened litigation, claims, and assessments whose effects should be considered when preparing the financial statements.  We have disclosed to you the identity of the entity’s related parties and all the related party relationships and transactions of which we are aware.
 There have been no communications from regulatory agencies concerning noncompliance with or deficiencies in accounting, internal control, or financial reporting practices.  The entity has no plans or intentions that may materially affect the carrying value or classification of assets and liabilities.
 We have disclosed to you all guarantees, whether written or oral, under which the entity is contingently liable.
 We have disclosed to you all nonexchange financial guarantees, under which we are obligated and have declared liabilities and disclosed properly in accordance with GASB Statement No. 70, Accounting and Financial Reporting for Nonexchange Financial Guarantees, for those guarantees where it is more likely than not that the entity will make a payment on any guarantee.

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 We have disclosed to you all significant estimates and material concentrations known to management that are required to be disclosed in accordance with GASB Statement No. 62 (GASB62), Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements. Significant estimates are estimates at the balance sheet date that could change materially within the next year. Concentrations refer to volumes of business, revenues, available sources of supply, or markets or geographic areas for which events could occur that would significantly disrupt normal finances within the next year.  We have identified and disclosed to you the laws, regulations, and provisions of contracts and grant agreements that could have a direct and material effect on financial statement amounts, including legal and contractual provisions for reporting specific activities in separate funds.  There are no:
 Violations or possible violations of laws or regulations, or provisions of contracts or grant agreements whose effects should be considered for disclosure in the financial statements or as a basis for recording a loss contingency, including applicable budget laws and regulations.  Unasserted claims or assessments that our lawyer has advised are probable of assertion and must be disclosed in accordance with GASB-62.
 Other liabilities or gain or loss contingencies that are required to be accrued or disclosed by GASB-62.
 Continuing disclosure consent decree agreements or filings with the Securities and Exchange Commission and we have filed updates on a timely basis in accordance with the agreements (Rule 240, 15c2-12).
 The entity has satisfactory title to all owned assets, and there are no liens or encumbrances on such assets nor has any asset or future revenue been pledged as collateral, except as disclosed to you.
 We have complied with all aspects of grant agreements and other contractual agreements that would have a material effect on the financial statements in the event of noncompliance.

Use of a Specialist
 We agree with the findings of specialists in evaluating the entity’s net pension and net other postemployment benefit liabilities and related deferred amounts and have adequately considered the qualifications of the specialist in determining the amounts and disclosures used in the financial statements and underlying accounting records. We did not give or cause any instructions to be given to specialists with respect to the values or amounts derived in an attempt to bias their work, and we are not otherwise aware of any matters that have had an impact on the independence or objectivity of the specialists.
 We believe that the actuarial assumptions and methods used to measure pension and other postemployment benefit liabilities and costs for financial accounting purposes are appropriate in the circumstances.

Cybersecurity
 There have been no cybersecurity breaches or other cyber events whose effects should be considered for disclosure in the financial statements, as a basis for recording a loss contingency, or otherwise considered when preparing the financial statements.

Supplementary Information in Relation to the Financial Statements as a Whole With respect to supplementary information accompanying the financial statements:
 We acknowledge our responsibility for the presentation of the supplementary information in accordance with accounting principles generally accepted in the United States of America.  We believe the supplementary information, including its form and content, is fairly presented in accordance with accounting principles generally accepted in the United States of America.  The methods of measurement or presentation have not changed from those used in the prior period.

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 We believe any significant assumptions or interpretations underlying the measurement or presentation of the supplementary information, and the basis for our assumptions and interpretations, are reasonable and appropriate in the circumstances.  When the supplementary information is not presented with the audited financial statements, management will make the audited financial statements readily available to the intended users of the supplementary information no later than the date of issuance by the entity of the supplementary information and the auditor’s report thereon.
 We acknowledge our responsibility to include the auditor’s report on the supplementary information in any document containing the supplementary information and that indicates the auditor reported on such supplementary information.
 We acknowledge our responsibility to present the supplementary information with the audited financial statements or, if the supplementary information will not be presented with the audited financial statements, to make the audited financial statements readily available to the intended users of the supplementary information no later than the date of issuance by the entity of the supplementary information and the auditor’s report thereon.

Required Supplementary Information
With respect to the required supplementary information accompanying the financial statements:
 We acknowledge our responsibility for the presentation of the required supplementary information in accordance with U.S. GAAP.
 We believe the required supplementary information, including its form and content, is measured and fairly presented in accordance with U.S. GAAP.
 The methods of measurement or presentation have not changed from those used in the prior period.
 We believe the significant assumptions or interpretations underlying the measurement or presentation of the required supplementary information, and the basis for our assumptions and interpretations, are reasonable and appropriate in the circumstances.

Accounting Estimates and Related Disclosures
 The significant judgments made in making the accounting estimates have taken into account all relevant information of which we are aware.
 We have consistently and appropriately selected and applied methods, assumptions, and data when making accounting estimates.
 The assumptions we used in making and disclosing accounting estimates appropriately reflect our intent and ability to carry out specific courses of action on behalf of the entity, when relevant to the accounting estimates and disclosures.
 The disclosures related to accounting estimates, including those disclosures describing estimation uncertainty, are complete and are reasonable in the context of the applicable financial reporting framework.
 We have obtained and applied appropriate specialized skills and expertise in making accounting estimates.
 We are not aware of any events subsequent to the date of the financial statements that require adjustment to our accounting estimates and related disclosures included in the financial statements.

Luke Rioux, Finance Director
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ATTACHMENT 4:

Independent Accountant’s Report on Gann Spending Limit
DRAFT 236
735 E. Carnegie Dr. Suite I 00
San Bernardino. CA 92408
909 889 0871 T
909 889 5361 F
ramscpa. net

PARTNERS
Scott W Manno. CPA. CGMA
Leena Shanbhag, CPA. MST. CGMA
Bradferd A. Welebir. CPA. MBA. CGMA
Jenny W. Liu. CPA, MST
Ga,·denya Duran, CPA, CGMA
Brianna Schultz, CPA. CGMA
Brenda L. Odle. CPA. MST (Partne, Emeritus)
Te, ry P Shea, CPA (Panner Emenws)

MANAGERS/ STAFF
Seong-Hyea Lee. CPA. MBA
Evelyn Morenlin-Barcena. CPA
Vernnica Hernandez, CPA
Laura A1v1zu. CPA
John Maldonado, CPA, MSA
Julia Rodriguez Fuentes. CPA, MSA
Dem, Hite. CPA
Jeffrey McKennan. CPA
Mornca Wysock,, CPA
Jacob Weatherb,e. CPA, MSA
Bolim Han. CPA. MAcc
Anny Gonzalez, CPA

MEMBERS
Amencan lnsutuce of
Certified Public Accountants
PCPS The A/CPA Alliance
(01 CPA Fi,ms
Governmental Audit
Q11C1/1ty Cenre,
Califot nia Society of
Certified Public Accountants
•
Proud Member of
AlliottGlobalAlliance~

ROGERS, ANDERSON , MALODY & SCOTT, LLP
CERTIFIED PUBLIC ACCOUNTANTS. SINCE 1948
STABILITY. ACCURACY. TRUST.
-1-
Independent Accountant’s Report
To the Honorable City Council
City of Goleta, California
We have performed the procedures enumerated below to the accompanying Appropriations Limit Worksheet of the City of Goleta, California (the City) for the year ended June 30, 2024. The management of the City is responsible for the accompanying Appropriations Limit Worksheet.

The City has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of meeting the requirements of Section 1.5 of Article XIII-B of the California Constitution. These procedures, which were suggested by the League of California Cities and presented in the publication entitled Agreedupon Procedures Applied to the Appropriations Limitation Prescribed by Article XIII-B of the California Constitution, were performed solely to assist you in meeting the requirements. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.

The procedures and the associated findings are as follows:

1. We obtained the completed worksheets and compared the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the
population and inflation options included in the aforementioned documents to those that were selected by a recorded vote of the City Council.

Finding: No exceptions were noted as a result of our
procedures.

2. For the accompanying Appropriations Limit Worksheet, we added last year’s limit to total adjustments and agreed the resulting amount to this year’s limit.

Finding: No exceptions were noted as a result of our
procedures.

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3. We agreed the current year information presented in the accompanying Appropriations Limit Worksheet to the other documents referenced in number one above.

Finding: No exceptions were noted as a result of our procedures.

4. We agreed the prior year appropriations limit presented in the accompanying Appropriations Limit Worksheet to the prior year appropriations limit adopted by the City Council during the prior year.

Finding: No exceptions were noted as a result of our procedures.

We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on accompanying Appropriations Limit Worksheet for the year ended June 30, 2024.

Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the City Council and management of the City of Goleta, California, and is not intended to be and should not be used by anyone other than these specified parties. However, this report is a matter of public record and its distribution is not limited.

San Bernardino, California
January 7, 2025
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City of Goleta

APPROPRIATIONS LIMIT WORKSHEET
2023 – 2024

FISCAL YEAR
2023 - 2024
Change in California Per Capita Personal Income 4.44%
Change in the Population for the
City of Goleta 0.21%
Change in California Per Capita Personal Income
Converted to a Ratio 1.044400
Change in City of Goleta Population
Converted to a Ratio 1.002100
Calculation of Growth Factor (1.075500 x 1.001400) 1.046593 Fiscal Year 2022 - 2023 Limit $ 72,487,276
Fiscal Year 2023 - 2024 Limit
($72,487,276 x 1.038134) $ 75,864,676

APPROPRIATION LIMIT WORKSHEET

CITY OF GOLETA
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ATTACHMENT 5:

Single Audit Report for the Year Ended June 30, 2024
DRAFT 240
City of Goleta
Goleta, California
Single Audit Report on Federal Awards
Year Ended June 30, 2024
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CITY OF GOLETA

SINGLE AUDIT REPORT ON FEDERAL AWARDS
YEAR ENDED JUNE 30, 2024

TABLE OF CONTENTS
Page
Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards

1 Report on Compliance for Each Major Federal Program; Report on Internal Control Over Compliance; and Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance

3 Schedule of Expenditures of Federal Awards 6

Notes to the Schedule of Expenditures of Federal Awards 7

Schedule of Findings and Questioned Costs 8

Summary Schedule of Prior Audit Findings 9

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735 E. Carnegie Dr. Suite I 00
San Bernardino. CA 92408
909 889 0871 T
909 889 5361 F
ramscpa. net

ROGERS, ANDERSON , MALODY & SCOTT, LLP
CERTIFIED PUBLIC ACCOUNTANTS. SINCE 1948
STABILITY. ACCURACY. TRUST.
-1-

REPORT ON INTERNAL CONTROL OVER FINANCIAL

REPORTING AND ON COMPLIANCE AND OTHER MATTERS

BASED ON AN AUDIT OF FINANCIAL STATEMENTS

PERFORMED IN ACCORDANCE WITH

GOVERNMENT AUDITING STANDARDS
Independent Auditor’s Report
To the Honorable Mayor and Members of the City Council
City of Goleta
Goleta, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards), the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Goleta, California (the City), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated December 20, 2024.

Report on Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. We did not identify deficiencies that we consider to be material weaknesses. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

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Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses.

However, material weaknesses or significant deficiencies may exist that were not identified.

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

San Bernardino, California
December 20, 2024
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735 E. Carnegie Dr. Suite I 00
San Bernardino. CA 92408
909 889 0871 T
909 889 5361 F
ramscpa. net

ROGERS, ANDERSON , MALODY & SCOTT, LLP
CERTIFIED PUBLIC ACCOUNTANTS. SINCE 1948
STABILITY. ACCURACY. TRUST.
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REPORT ON COMPLIANCE FOR EACH MAJOR FEDERAL PROGRAM;
REPORT ON INTERNAL CONTROL OVER COMPLIANCE; AND REPORT

ON SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

REQUIRED BY THE UNIFORM GUIDANCE
Independent Auditor's Report
To the Honorable Mayor and Member of City Council
City of Goleta, California
Report on Compliance for Each Major Federal Program
Opinion on Each Major Federal Program
We have audited the City of Goleta’s (the City) compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on each of the City’s major federal programs for the year ended June 30, 2024.

The City’s major federal programs are identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs.

In our opinion, the City complied, in all material respects, with the compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2024.

Basis for Opinion on Each Major Federal Program
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America (GAAS); the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards); and the audit requirements of Title 2 U.S.

Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for each major federal program. Our audit does not provide a legal determination of the City’s compliance with the compliance requirements referred to above.

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Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the City’s federal programs.

Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material, if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City’s compliance with the requirements of each major federal program as a whole.

In performing an audit in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the City’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.
 Obtain an understanding of the City’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over compliance. Accordingly, no such opinion is expressed.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit.

Report on Internal Control Over Compliance
A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.

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Our consideration of internal control over compliance was for the limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified.

Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.

The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose.

Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements.

We issued our report thereon, dated December 20, 2024, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements and certain additional procedures including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the basic financial statements as a whole.

San Bernardino, California
February 7, 2025 (except for our report on the Schedule of Expenditures of Federal Awards, for which the date is December 20, 2024)
DRAFT 247

CITY OF GOLETA

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Year Ended June 30, 2024
See accompanying notes to schedule of expenditures of federal awards. -6-
Federal Grantor / Assistance Program Amount
Pass-through Grantor / Listing Identification Federal Provided to Program Title Number Number Expenditures Subrecipients
U.S. Department of Housing & Urban Development
Direct Assistance:

CDBG-Entitlement Grants Cluster
Community Development Block Grant/Entitlement Grants 14.218 B-09-MC-06-0597 456,696 $ 41,407 $ Total Assistance Listing Number 14.218/ CDBG-Entitlement Grants Cluster 456,696 41,407 Total - U.S. Department of Housing and Urban Development 456,696 41,407 U.S. Department of Transportation
Pass-through from the State of California:

Highways & Bridge Projects 20.205 BPMPL-5481 (009) 3,593,032 - Federal-Aid Highway Program 20.205 HSIP Cycle 10 360,615 - Total Assistance Listing Number 20.205 - 3,953,647
Pedestrian and Bicycle Safety Program Grant 20.600 PS21045 28,954 - Total Assistance Listing Number 20.600 28,954 -
Total - U.S. Department of Transportation 3,982,601 -
U.S. Department of the Treasury
Direct assistance:

Coronavirus State and Local Fiscal Recovery Funds 21.027 N/A 4,057,630 - Total Assistance Listing Number 21.027 - 4,057,630
Total - U.S. Department of the Treasury 4,057,630 -
U.S. Department of Homeland Security
Pass-through from the State of California Office of Emergency Service:

FEMA -Public Assistance Grant Program 97.036 FEMA-4683-DR-CA 48,384 - FEMA -Public Assistance Grant Program 97.036 FEMA 4482-DR-CA 77,739 - Total - Assistance Listing Number 97.036 126,123 -
FEMA - Hazard Mitigation Grant Program 97.039 HMGP DR-4308-219-6R 2,032,748 - Total - Assistance Listing Number 97.039 2,032,748 -
Total - U.S. Department of Homeland Security 2,158,871 - Total Expenditures of Federal Awards $ 10,655,798 $ 41,407 DRAFT 248

CITY OF GOLETA

NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Year Ended June 30, 2024
-7-
(1) Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal activity of the City of Goleta (City) under programs of the federal government for the year ended June 30, 2024. The information on this Schedule is prepared in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net position or cash flows, where applicable, of the City. (2) Basis of Accounting
The expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown of the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. (3) Subrecipients
The City passes certain federal awards received from the U.S. Department of Housing and Urban Development. The City has certain compliance responsibilities, such as monitoring its subrecipients to help assure they use these subawards as authorized by laws, regulations, and the provisions of contracts or grant agreements, and that subrecipients achieve the award’s performance goals.
(4) De Minimis Indirect Cost Rate
The City did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.

DRAFT 249

CITY OF GOLETA

SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended June 30, 2024
-8-
SECTION I: SUMMARY OF AUDITOR'S RESULTS
Financial Statements
accordance with GAAP: Unmodified
Internal control over financial reporting:

Material weakness(es) identified? Yes X No
Significant deficiency(ies) identified? Yes X None Reported Noncompliance material to financial
statements noted? Yes X No
Federal Awards
Internal control over major programs:

Material weakness(es) identified? Yes X No
Significant deficiency(ies) identified? Yes X None Reported Type of auditor's report issued on compliance for major federal programs: Unmodified Any audit findings disclosed that
are required to be reported in
accordance with section 2CFR
200.516(a)? Yes X No
Identification of major federal programs:

AL Number

21.027

20.205
Dollar threshold used to distinguish
between type A and type B programs: $750,000
Auditee qualified as low-risk auditee? Yes X No
Name of Federal Programs
Type of report the auditor issued on whether the financial statements audited were prepared in Coronavirus State and Local Fiscal Recovery Funds
DRAFT
Highway Planning & Construction
250

CITY OF GOLETA

SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Year Ended June 30, 2024
-9-
SECTION II: FINANCIAL STATEMENT FINDINGS
No matters to report.

SECTION III. FEDERAL AWARD FINDINGS
No matters to report.

DRAFT 251

CITY OF GOLETA

SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS
Year Ended June 30, 2024
-10-
CURRENT STATUS OF PRIOR YEAR FINDINGS:

No matters to report.

DRAFT 252
ATTACHMENT 6:

Presentation
DRAFT 253
Annual Comprehensive
Financial Report (ACFR) for
the Year Ended
June 30, 2024
City Council Meeting
DRAFT
March 18, 2025
254
Presentation Outline
 ACFR Background
 ACFR Reporting Model
 ACFR Financial Highlights
 Certificates of Achievement
 Auditors Communication and Summary Results
2 DRAFT255
ACFR Background
 Annual audit required; contract with independent CPA firm  Annual financial report prepared in accordance with nationally recognized accounting principles and financial reporting standards  Communicates and presents the financial condition and results of operations of the City as a whole and for individual funds
 “Comprehensive” because it includes information not required by financial reporting regulations
 Received an unmodified (“clean”) opinion for FY 2023/24  Single Audit is required for FY 2023/24, due to exceeding $750k threshold ($10.69 million)
3 DRAFT256
ACFR Reporting Model
4 INTRODUCTORY SECTION

FINANCIAL SECTION
MANAGEMENT’S DISCUSSION AND ANALYSIS
(MD&A)

AUDITED FINANCIAL STATEMENTS
Government-Wide (Full Accrual)
Governmental Activities
(No Business-Type Activities or Fiduciary Funds)
Fund
Governmental (Modified Accrual)
Fiduciary (Full Accrual)
(No Proprietary Funds)
Notes to the Financial Statements

REQUIRED SUPPLEMENTARY INFORMATION
DRAFT257
• Transmittal Letter
• Principal City Officials
• Organizational Structure
• Certificate of Achievement
ACFR Reporting Model
5 The ACFR is organized in three major sections: Introductory, Financial and Statistical:

Introductory Section
• Independent Auditor’s Report
• Management’s Discussion and Analysis
• Government-Wide and Fund Financial Statements
• Notes to the Financial Statements
• Required Supplementary Information
• Combining Financial Statements and Schedules
• Selected financial trends and demographic information Statistical Section
Financial Section
DRAFT258
ACFR Financial Highlights
6 Financial Condition of the City at June 30, 2024:
Net position totaled $290.45 million
Increase of approximately $24.6 million or 9.3% from the prior fiscal year of $265.81 million. Overall total revenues from all sources equaled approximately $75.40 million Increase of approximately $24.2 million or 47.2% from the $51.21 million in revenues the previous fiscal year. The City’s overall total expenditures were $50.7 million for the fiscal year Decrease of approximately $1.07 million or 2.1% when compared to last fiscal year. General Fund Balance: Fund Balance:

Non-spendable:

Prepaid Items $ 92,635
Committed 17,472,816
Assigned 20,366,170
Unassigned 6,862,572
Total Fund Balance $ 44,794,193
DRAFT259
ITEM III:

Second Quarter Financial Review –
FY 2024/25 (Draft)
260
Agenda Item X.x

CONSENT
Meeting Date: March 18, 2025
TO: Mayor and Councilmembers
SUBMITTED BY: Luke Rioux, Finance Director
PREPARED BY: Tony Gonzalez, Accounting Manager
Shawna Stokes, Budget Analyst
SUBJECT: Fiscal Year 2024/25 Second Quarter Financial Review RECOMMENDATION:

Adopt Resolution No. 24-__ 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 2024/25, Amending the City of Goleta Schedule of Authorized Positions for Fiscal Year 2024/25, and Amending the City of Goleta Salary Schedule for Fiscal Year 2024/25.” BACKGROUND:

This report provides a financial update on the City’s preliminary actual revenue and expenditure activity through the second quarter (Q2) of the Fiscal Year (FY) 2024/25 Operating and Capital Improvement Program (CIP) Budget, which was adopted on June 20, 2023, as part of the two-year FY 2023/24 and FY 2024/25 budget plan and amended on June 18, 2024 (Mid-Cycle Budget). The information in this report is preliminary and provides a review of the revenue and expenditure activity from July 1 through December 31, 2024, 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 September 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, DRAFT 261
Meeting Date: March 18, 2025
expenditures for Liability Insurance, Workers Compensation and Debt Service are made on a quarterly, semi-annual or annual basis.

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
FY 2024/25 Adopted Budget Recap
The FY 2024/25 Adopted Budget was approved on June 18, 2024, with total expenditures at $51.4 million. The adopted budget included adjusting revenues to capture increases in property tax, transaction and use tax, building and planning permit fees, and investment earnings. The budget also included increasing expenditures related to salaries and benefits, new personnel requests, increasing funding for pavement maintenance, adjusting for the police services contract, the IT services contract, and a one-time General Fund to support critical projects.

FY 2024/25 Current Budget Recap and Recommended Amendments The FY 2024/25 Current Budget total expenditures are now at $74.9 million, which included various one-time appropriations:
• Carryover budget of $19.6 million (supported by one-time fund balance of the General Fund), which was detailed in the Q1 Financial Report taken to City Council on December 3, 2024.
• New appropriations of $3.9 million authorized by the City Council since July 1, 2024.

The City Council has approved various new expenditure budget appropriations totaling approximately $3.9 million. New appropriations included one-time additional funding needed for the Goleta Train Depot Project, Pavement Maintenance, and IT Services.

Category
2023/24
Actuals
2024/25
Adopted Budget
2024/25
Current Budget
Recommended
Amendments
2024/25
Amended Budget
Revenues and Other Sources $ 45,613,120 $ 49,924,350 $ 51,086,733 $ 11,700 $ 51,098,433 Operating Expenditures $ 38,289,351 $ 49,439,240 $ 56,923,034 $ - $ 56,923,034 Capital Expenditures $ 2,077,239 $ 2,001,900 $ 18,020,120 $ - $ 18,020,120 Total Expenditures $ 40,366,590 $ 51,441,140 $ 74,943,154 $ - $ 74,943,154 Net Change to Fund Balance $ 5,246,530 $ (1,516,790) $ (23,856,421) $ 11,700 $ (23,844,721) Beginning Fund Balance $ 39,483,690 $ 44,615,788 $ 44,615,788 $ - $ 44,615,788 Ending Fund Balance $ 44,730,221 $ 43,098,998 $ 20,759,367 $ 11,700 $ 20,771,067 DRAFT 262
Meeting Date: March 18, 2025
FY 2024/25 Q2 – General Fund Recommended Amendments Summary:

Staff is recommending one budget adjustments this quarter, which include an increase of $11,700 to revenues and no change to expenditures. This adjustment is an increase to License & Service Charges of $11,700 and is specific to short-term vacation rental (STVR) license fees. The original budget was based on prior year STVR numbers.

Attachment 1 provides the General Fund Statement of Revenues & Expenditures, which summarizes the major revenue and expenditure categories by department.

Recommended Personnel Updates:

Reclassification -
Staff is recommending a program reclassification for the Human Resources (HR) Technician position. The HR Technician position is currently split 0.50 Full-Time Equivalent (FTE) to the City Attorney’s Office and 0.50 FTE to the HR department. The City Attorney’s Office utilizes BBK contacts for the majority of the administrative functions. Therefore, the HR Technician position would be more beneficial as 1.00 FTE in the HR department.

Additionally, the remaining administrative support needed for the City Attorney’s Office can be absorbed by the City Manager’s Office through existing staff. The HR Technician position will continue to support the HR department in all current duties, including administrative functions and risk management. No additional appropriation is needed as the budget was adopted to account for the updates, and approval is needed to formally recognize the change to the Schedule of Authorized Positions. The updated Schedule of Authorized Positions is provided as Exhibit B to Attachment 5.

Salary Schedule Updates
Staff is also recommending adoption of an updated citywide salary schedule and wage schedule to reflect changes to the Mayor, City Council, and City Manager's salary as required by statute and recent contract amendment.

The Mayor and City Council’s salary is subject to annual adjustment effective the first pay period in December, per the passage of MeasureW2018 passed by voters in November 2018. The Mayor's salary is set at 90%, and the City Council is set at 75% of the most recent nonfamily household median income of the City of Goleta residents as published annually by the United States Census Bureau. For this year, non-family household median income increased by approximately 10.55%. The annual adjustment went into effect on December 14, 2024.

On January 21, 2025, the City Council adopted Resolution No. 25-01, approving the first amendment to the City Manager’s employment agreement, which included a cost-of-living adjustment of 3.1% and a merit increase of approximately 8.09%. The City Manager's salary is subject to the percentage change in the June California Consumer Price Index for Urban Wage Earners and Clerical Workers, as calculated by the Department of Industrial Relations, during the preceding 12-month period, per the employment agreement. The cost-of-living adjustment went into effect September 7, 2024, and the merit increase went into effect January 25, 2025.

DRAFT 263
Meeting Date: March 18, 2025
No additional appropriation is needed as budget was adopted to account for the updates.

The updated salary schedule is provided as Exhibit C to Attachment 5.

General Fund Revenue Analysis:

The tables presented in this section include budget-to-actual comparisons between the current fiscal year and the previous fiscal year's quarter-to-date actuals. Property tax, sales tax, transaction and use tax, and transient occupancy tax are the City’s major tax revenues.

They account for over 85.4% of total General Fund revenues. Table 2 summarizes the second quarter budget-to-actual activity, which is followed by a brief discussion of the key revenue variances and where the City is trending.

Table 2 – General Fund FY 2024/25 Revenues through Q2 (December 31) Property Tax
Property tax is the third largest revenue source for the City as it accounts for 19.2% 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.

Total property tax revenues anticipated for the fiscal year are estimated at $9.8 million.

When compared to the prior year's quarter actuals, an increase of 4.5% is experienced in this category due to higher secured and unsecured Property Tax revenues received through the quarter, primarily driven by changes in assessed valuation.

Sales Tax (1% Bradley-Burns)
Sales tax collections are projected to be the fourth largest revenue source for the City at $9 million and account for 18% of total General Fund revenues. Sales tax is considered one of the most volatile revenue sources, given the dependency on consumer behavior and Prior Year
Revenues Year End Actuals
Qtr YTD
Actuals
Current
Budget Qtr YTD Actuals
%
Realized
Qtr YTD
% Chg
Property Taxes 9,698,885 2,324,476 9,793,500 2,429,765 24.8% 4.5% Sales Taxes 8,652,089 3,205,205 9,026,800 3,282,430 36.4% 2.4% Transaction and Use Tax 5,069,832 - 11,000,000 3,961,996 36.0% - Transient Occupancy Tax 14,234,251 5,697,030 13,800,000 6,103,526 44.2% 7.1% Cannabis Tax 762,455 184,236 630,000 193,554 30.7% 5.1% Franchise Fee 1,678,956 293,357 1,681,050 399,510 23.8% 36.2% License & Service Charges 2,433,996 1,230,139 3,221,400 1,467,056 45.5% 19.3% Fines & Penalties 223,910 67,335 166,500 84,356 50.7% 25.3% Interest & Rent Income 2,070,886 1,031,905 1,030,000 777,598 75.5% -24.6% Reimbursements 480,586 239,985 342,900 220,067 64.2% -8.3% Other Revenues 147,119 3,631 370,500 152,780 41.2% 4107.7% Other Sources 160,156 12,703 24,083 5,236 21.7% -58.8%
Total Revenues $ 45,613,120 $ 14,290,002 $ 51,086,733 $ 19,077,874 37.3% 33.5% FY 2023/24 FY 2024/25
DRAFT 264
Meeting Date: March 18, 2025
business activity. The City does not receive its full 1% sales tax (also known as BradleyBurns) 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 $3.8 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 21%. The General Consumer Goods category is represented by many retail stores providing 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 industry categories are the State and County Pools (primarily online sales) now at 15% (historically 14%). When combined, these two industry groups account for 36% 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 15%, and Autos and Transportation at 11%. 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 $9 million. Through the end of the second quarter, sales tax receipts were tracking higher in comparison to the prior year's second quarter by 2.4% (or $77,226) at approximately $3.3 million. This is largely due to the California Department of Tax and Fee Administration (CDTFA) methodology on advancing payments and timing of payments received. When accounting for most recent data at the time of preparing this report (sales tax payments through December), sales tax revenues were at $4.6 million, an increase of 1.6%, when compared to the same period in the prior year. During the budget process, it was anticipated that sales tax activity would be relatively flat this year. Staff will have its next key sales tax meeting in May 2025.

Autos and
Transportation
11%
Building and
Construction
13%
Business and Industry
13%
Food and Drugs
Fuel and Service 5%
Stations
7%
General Consumer
Goods
21%
Restaurants and Hotels
15%
State and County Pools
15%
DRAFT 265
Meeting Date: March 18, 2025
Transaction and Use Tax (TUT)
Transaction and Use Tax are projected to be the third largest revenue source for the City at $11 million and account for 21.5% of total General Fund revenues. Through the end of the second quarter, on an accrual basis, TUT was at $4 million or 36% of the budget and continued to trend towards original budget estimates. As a reminder, there will be no data to compare against for Q1 (July – September) and Q2 October- December), since the TUT went into effect January 1, 2024. Staff have also been working with the sales tax consultant Hinderliter de Llamas & Associates (HDL) to assist with compliance and reporting. Staff is not recommending any adjustments and will have further updates in the Q3 Financial review in May.

Transient Occupancy Tax (TOT)
The City’s TOT is the largest General Fund revenue source at 27% this fiscal year. 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 it has since recovered.

Based on actual receipts received by December 31, TOT revenues of $6.1 million were up

7.1% compared to the same quarter in the prior year of $5.7 million. This increase is due to the timing of receipts processed by December 31. TOT is due within thirty days after the end of the prior month. For example, TOT collected for December is due by January 31.

The $6.1 million reflected in the report represents July through October TOT receipts.

To accurately compare and analyze for performance, TOT should be reviewed on an accrual basis from July to December. Staff have prepared the following table for informational purposes to show how the City’s TOT is performing through the end of December on an accrual basis of actual receipts received. Table 3 summarizes TOT revenues by month compared to the same months in prior years.

Table 3 - TOT Revenues for the First Six Months of FY 2024/25 (Accrual Basis) On an accrual basis, TOT revenues were up 5.4% or $414,920 for the second quarter, at $7.9 million. When comparing the total budget of $13.8 million, TOT is on target at Month
2022/23
Actuals
2023/24
Actuals
2024/25
Actuals
$ Chg from
Prior Year
% Chg from
Prior Year
July $ 1,618,463 $ 1,586,116 $ 1,595,083 $ 8,968 0.6%
August 1,524,459 1,425,737 1,624,575 198,839 13.0%
September 1,455,445 1,359,267 1,362,966 3,699 0.3%
October 1,139,646 1,212,844 1,331,460 118,616 10.4%
November 1,049,988 1,040,140 1,106,685 66,545 6.3%
December 846,705 884,200 902,455 18,255 2.2%
Total $ 7,634,706 $ 7,508,304 $ 7,923,224 $ 414,920 5.4% 18/19 Baseline $$ 1,548,573 $ 1,422,171 $ 1,837,091
18/19 Baseline % 25.4% 23.4% 30.2%
DRAFT 266
Meeting Date: March 18, 2025
approximately 57% of the total budget. Staff will continue to monitor TOT performance closely, but currently it is projected to meet estimates.

Short-Term Vacation Rentals (STVR)
On July 18, 2023, the City Council adopted updates to its STVR ordinance, which took effect August 18, 2023. Staff has been working with STVR hosting platforms, onboarding operators to the updated license and process, and tailoring city TOT/TBID remittance forms to STVR operators for ongoing reporting, timing of collection and remittance, and collecting data. Finance staff will be working with consultants to assist with ongoing education and tax collection (including back tax) and reporting efforts.

The table below summarizes the STVR license activity at a point in time.

Table 4 – STVR License Data
Out of the licensed operators, approximately 24 operators have been directly remitting TOT, with the rest coming from the hosting platforms. Total STVR TOT that have been collected for the July – December period is approximately $120,072, which is a 28.1% increase when compared to the same period in the prior fiscal year.

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. Initial rates were established when passing and codified as Chapter 3.08 into the Goleta Municipal Code. On December 5, 2023, the City Council approved Ordinance No. 23-12, which changed the medical cannabis retail rate from 0% to 5% and were effective in January 2024. The cannabis tax rates are seen in Table 5:

STVR License Data (Status)
Total
(2/13/2024)
Total
(5/21/2024)
Total
(9/10/2024)
Total
(11/06/2024)
Total
(12/31/2024)
Active 41 50 52 56 24
Inactive/Expired 52 47 98 98 84
Pending 12 7 7 54 34
Revoked/Terminated/Suspended 9 16 13 17 3
Total 114 120 170 225 145
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Meeting Date: March 18, 2025
Table 5 – Cannabis Tax Rates
At the time of writing this report, the City of Goleta currently has 7 active licenses, with 7 operators reporting cannabis business tax revenues.

Cannabis business tax payments are due quarterly by the end of the following month (e.g., July through December are due by November 30). Given the timing of when cannabis tax revenues are due, the current $193,554 reported in Attachment 1 reflects only cannabis tax revenues received through December. At the time of preparing this report, preliminary data shows that the City has now collected approximately $334,500 of cannabis tax revenue related to activity through the end of December. Actual amounts through the end of December will be reported during the Q3 financial review in May 2025.

Staff will continue to evaluate the cannabis tax activity and potential fiscal impacts as new operators begin to collect and remit taxes. Should revenues continue to fall short of estimates, the unassigned fund balance is available to serve as a revenue stabilizer and absorb the impact, followed by the contingency reserve.

Table 6 below summarizes the approved Cannabis Business License Operators as of the date preparing this report.

Cannabis Business Classification Activities Taxed Tax Rate Non-Medical Cannabis Retail Gross Receipts 5%
Medical Cannabis Retail*
*Effective January 2024, tax rate set at 5% Gross Receipts 5% Processing/Manufacturing Gross Receipts 2%
Cultivation Gross Receipts 4%
Distribution/Transport 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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Meeting Date: March 18, 2025
Table 6 – Cannabis Business License Application Summary Currently, there are no new pending applicants’ that staff is aware about. Staff has been working with cannabis operators on the updated ordinance changes the City Council adopted on December 5, 2023, that went into effect in January 2024. As a recap, this ordinance will change the medical cannabis retail rate from zero percent of gross receipts to five percent of gross receipts. The ordinance further clarifies definitions, license types, and application processes and includes updated sections for a change in ownership and a change in premises. The ordinance further streamlines the application process, removing the social security card requirement and updating the criminal background check requirements. The ordinance also modifies the general liability insurance requirement to require $1 million per occurrence and $2 million per aggregate and changes the business hours of operations for both storefront retailers and non-storefront retailers (delivery) to now occur from 6:00 a.m. to 10:00 p.m. These updates will give the current operators more flexibility in terms of their business operations and streamline some of the processes.

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. # Status Business Application Name Location Primary License Type Other Uses or Notes Paying Tax? 1 Pending CalGreen
(Legal Non-Conforming)
164 Aero Camino Storefront Retail Yes
2 Renewal in
Process
Santa Barbara Care Center
(Legal Non-Conforming)
5814 Gaviota Street Microbusiness Storefront Retail
Cultivation
Distribution
Yes
3 Renewal in
Process
Green Rush Alliances LLC 6332 Lindmar Ave Manufacturing Distribution Yes 4 Renewal in
Process
Twisted Roots, Inc
(previously Sublime Processing, LLC)
123 Aero Camino Unit A Microbusiness Manufactuer
Distribution
Non-Storefront Retail
(Delivery)
Yes
5 Approved Thornwood Distribution LLC 5756 Thornwood Drive Cultivation (Processor) Nursery Yes 6 Renewal in
Process
One Plant 290 Storke Road Storefront Retail Yes
7 No longer
operating
AGQ Green Nature 859 Ward Drive. Suite
103
Testing Testing facility only No
8 Pending Hollister Distribution, Inc. 5631 Calle Real Storefront Retail License issued, not operating yet
No
9 Renewal in
Process
Megan's Organic Market 5999 Hollister Storefront Retail License issued Yes 10 Renewal in
Process
Organic Greens Collective
(Legal Non-Conforming)
5902 Daley Street Storefront Retail Yes
11 Renewal in
Process
Firefly Delivery, LLC 5775 Dawson Ave Non-Store Front Retail (Delivery)
Delivery only Yes
12 No longer
operating
Greenbridge Patient Collective 5940 Matthews St Microbusiness Distribution Manufacturing
Non-Storefront Retail
(Delivery)
No
13 No longer
operating
Ocean Grown Farms 176 Aero Camino Microbusiness Distribution Manufacuring
Non-Storefront Retail
(Delivery)
No
14 No longer
operating
HERBL 759 Ward Drive Distribution Went under receivership. No longer operating
No
15 No longer
operating
HERBL 839 Ward Drive Distribution Went under receivership. No longer operating
No
16 No longer
operating
HERBL 749 Ward Drive Distribution Went under receivership. No longer operating
No
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Meeting Date: March 18, 2025
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. Total franchise fees collected by the end of second quarter were $399,510 or 23.8% of the budget.

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 2024/25. 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 second quarter, revenues were at $1.5 million and are tracking as expected against the current budget of $3.2 million at 45.5%. In comparison to the same period in the previous year, overall revenues are up by 19.3%, primarily due to Permits - Encroachment & Transportation and plan check fees.

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 $84,356 were at 50.7% of budget estimates of $166,500. In comparison to the same period last year, overall revenues are up by 25.3%.

Staff will continue to monitor activity levels.

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. Through the end of the second quarter, interest and rent income of $777,598 were at 75.5% of the total budget. In comparison to prior year for the same quarter, revenues were down -24.6%.

Staff will continue to monitor activity levels.

Prior Year
Year End Actuals
Qtr YTD
Actuals
Current
Budget

QTR YTD
Actuals
%
Realized
Qtr YTD
% Chg
Legal Deposits Earned - - 1,000 37,050 3705.0% -
Planning Fees 130,277 63,306 124,200 62,628 50.4% -1.1% Planning Deposits Earned 243,707 128,091 217,800 73,628 33.8% -42.5% Building Permits 708,483 335,200 1,268,200 244,273 19.3% -27.1% Public Works Deposits Earned 12,332 9,169 17,900 9,421 52.6% 2.7% PW/Engineering Fees 91,896 37,864 70,800 95,434 134.8% 152.0% Solid Waste Roll Off Fees 23,816 10,803 30,000 12,142 40.5% 12.4% Business License 511,681 251,262 346,500 140,791 40.6% -44.0% Plan Check Fees 580,969 286,291 1,015,800 670,229 66.0% 134.1% Other Licenses & Charges 130,837 108,154 129,200 121,460 94.0% 12.3% TOTAL $ 2,433,996 $ 1,230,139 $ 3,221,400 $ 1,467,056 45.5% 19.3% Licenses and Service
Charges
FY 2023/24 FY 2024/25
DRAFT 270
Meeting Date: March 18, 2025
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 $220,067 and were at 64.2% of the total budgeted amount of $342,900. In comparison to prior year for the same quarter, revenues increased by 8.3%.

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 $152,780 by the end of the quarter or approximately 41.2% of the total budgeted amount of $370,500. In comparison to prior year for the same quarter, revenues increased by 4107.7%. This increase is primarily due to the timing of the Library Friends donation of $150,000 and an increase in Motor Vehicle License Fees.

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 utilize 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 end of the quarter were at

21.7% or $5,236 of the total budget amount of $24,083.

General Fund Expenditure Analysis:

The General Fund expenditures budget is currently at $75 million. Total expenditures through the second quarter should be about 50% of the budget, assuming the timing of expenditures is consistent throughout the year. By the end of the second quarter, total expenditures of $19.7 million were at 26.2% of the total budgeted amount. In comparison to prior year for the same quarter, expenditures were up 15.8%. Staff have reviewed their budgets and have determined there were various unanticipated costs experienced in the second quarter along with savings in others. Staff have reviewed their budgets and operations and are recommending various new appropriations and budget transfers 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 year-end adjustments.

DRAFT 271
Meeting Date: March 18, 2025
Table 8 - General Fund FY 2024/25 Expenditures through Q2 (December 31) All departments were within range of their overall allocated budgets as of December 31, 2024. Provided in Attachment 2 of this report is a “Budget to Actuals” comparison of the Department’s divisions and programs.

General Fund - Fund Balance and Reserves:

Table 9 shows a recap of Fund Balance as of June 30, 2023, and June 30, 2024, which has been revised. The revised ending fund balance reflects actual revenues and expenditures and factors in final carryover amounts related to FY 2023/24. The carryover amounts are reflected in “CIP Project Funding” and “Encumbrances” in the table below. In addition, reserve categories were updated to policy level and reflect the adopted budgeted amounts.

Table 9 – General Fund FY 2024/25 – Estimated Fund Balance and Reserves Prior Year
Year End Actuals
Qtr YTD
Actuals
Current
Budget

QTR YTD
Actuals
%
Realized
Qtr YTD
% Chg
General Government 5,748,695 2,857,784 7,248,795 3,234,078 44.6% 13.2% General Services 3,206,031 1,680,789 4,582,888 1,685,285 36.8% 0.3% Library 193,851 0 754,708 266,342 35.3% 0.0%
Finance 1,715,939 690,443 2,069,000 861,102 41.6% 24.7% Planning & Env. Review 4,620,554 1,885,152 6,454,230 1,865,722 28.9% -1.0% Public Works 8,826,564 3,650,941 20,001,655 4,663,235 23.3% 27.7% Neighborhood Services 2,351,976 1,097,670 3,368,758 1,281,094 38.0% 16.7% Public Safety 10,733,668 4,368,375 11,548,800 4,884,826 42.3% 11.8% Non-Departmental 892,073 31,527 894,200 37,989 4.2% 20.5% Capital Improvement Projects 2,077,239 725,774 18,020,120 885,729 4.9% 22.0% Total Expenditures $ 40,366,590 $ 16,988,455 $ 74,943,154 $ 19,665,401 26.2% 15.8% Expenditures
FY 2023/24 FY 2024/25
Classification
FY 23/24
Ending Fund
Balance Increase Decrease
FY 24/25
Est. Ending Fund
Balance
Recommended
Budget/Reserve
Adjustments
FY 24/25 Revised
Est. Ending Fund
Balance
Prepaids and Deposit 92,635 (92,635) (0) 0 -
City Hall Solar Removal 94,500 94,500 94,500
Public Facilities/Building
Maintenance 756,993 243,674 1,000,667 1,000,667
Capital Equipment 832,388 832,388 - 832,388
Compensated Leave 515,169 515,169 - 515,169
Risk Management 200,000 200,000 200,000
Litigation Defense Fund 600,000 600,000 600,000
Contingency 14,473,766 (492,376) 13,981,390 13,981,390
Street Maintenance - - -
Sustainability - - -

OPEB UAL - - -
CalPERS Pension UAL - - -
Sherrif's Contract - 150,000 150,000 150,000
CIP Project Funding (Next Year) - 2,423,700 2,423,700 2,423,700 IT Reserve 160,000 157,582 (151,008) 166,574 166,574
CIP Project Funding (Prior Year) 14,295,683 (14,295,683) - - Encumbrances 5,319,486 (5,319,486) - -
FMV Adjustment 412,596 (306,075) 106,521 106,521
Unassigned Fund Balance -
Adjustment for FY 24/25 5,281,900 (4,881,900) 400,000 400,000 Unassigned Fund Balance 1,580,672 - (1,292,214) 288,458 11,700 300,158 Total Fund Balance 44,615,788 $ 2,482,580 $ (26,339,001) $ 20,759,367 $ 11,700 $ 20,771,067 DRAFT 272
Meeting Date: March 18, 2025
As shown above, the revised estimate of the total fund balance for FY 2024/25 is projected to be $20.8 million as of June 30, 2025. This figure includes all city fund balance categories.

After incorporating final carryover amounts and recommended Q2 budget adjustments, the unassigned fund balance, which is not earmarked for any specific purpose, is projected at $700,158 at June 30, 2025. The unassigned fund balance consists of one-time funds that are essential for:
• Ensuring economic stability in case of revenue shortfalls, • Managing liquidity and cash flow needs
• Addressing various unanticipated one-time expenditures • Meeting other priority needs as they arise.

Maintaining an adequate unassigned fund balance is vital for the city’s fiscal health, as it also supports creditworthiness and offers a financial cushion against unforeseen one-time expenses or immediate revenue shortfalls. The City has utilized this balance when unanticipated additional appropriations are needed for capital projects or major projects, and will be essential to maintain this balance
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% Bradley-Burns Sales Tax revenues generated within the City of Goleta and shares equally in the Property Tax (AB 8 Allocation) revenues of the City. The estimated cost for FY 2024/25 of the total RNA payments is $8.0 million. The estimated total contribution since City incorporation in 2002 is approximately $159.9 million through the end of FY 2024/25.

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 DRAFT 273
Meeting Date: March 18, 2025
highway system. Gas tax revenues through the end of the quarter are at $436,560 or 44.9% of the $966,237 revenue budget amount. Budgeted expenditures are programmed at $2.1 million for the fiscal year and actual expenditures were at $2.3 million or 93.9% of budget.

Based on the current financial analysis of this fund, staff are recommending a net decrease of $(6,109) or -0.63% to gas tax revenues to align with the state’s most recent projections.

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 $319,797 or 36.5% of the $854,666 revenue budget amount. Budgeted expenditures are programmed at $1.8 million. Through the end of the quarter $1.6 million or 90.9% of budget has been expended. All budget is programmed towards the City’s pavement rehabilitation program. Based on current information, staff is recommending reducing the revenue budget appropriation of $(22,120) or -2.52% to align with recent state projections.

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 $1.1 million or 43% of the $2.5 million revenue budget amount. Budgeted expenditures are programmed at $6.7 million.

Through the end of the quarter, $3.2 million or 48% of the budget have been expended.

Recommended Budget Amendments – Special Revenue Funds:

Staff is recommending various expenditure budget adjustments for other various Special Revenue Funds. Additional details and corresponding revenue adjustment (if applicable) are found in Attachment 5 – Exhibit A.

FINANCE COMMITTEE REVIEW:

The Finance Committee met to review the Fiscal Year 2024/25 Second Quarter Financial Review Report on March 10, 2025.

FISCAL IMPACTS:

General Fund
Revenues are recommended for an increase of $11,700, and no change to expenditures.

The recommended budget adjustment results in a net increase of $11,700 to the total fund balance of the General Fund. After adjustments, the total ending fund balance is projected at $20.8 million, which includes an unassigned fund balance of $700,158, when including the $400,000 set aside for the Section 115 Trust for Pensions and Other Post Employment DRAFT 274
Meeting Date: March 18, 2025
Benefits. Additional details of the accounts affected by the recommended General Fund budget adjustments can be found in Exhibit A, which is part 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. 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 on December 31st was approximately $54 million.

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.

LEGAL REVIEW BY: Isaac Rosen, Acting City Attorney
APPROVED BY: Robert Nisbet, City Manager
ATTACHMENTS:

1. General Fund Statement of Revenues and Expenditures Budget to Actual Comparison

2. General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison

3. Interim Statement of Revenues and Expenditures - Summary by Fund

4. Capital Improvement Program (CIP) Expenditure Summary

5. Resolution No. 25-__ 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 2024/25, Amending the City of Goleta Schedule of Authorized Positions for Fiscal Year 2024/25, and Amending the City of Goleta Salary Schedule for Fiscal Year 2024/25.”

6. Fiscal Year 2024/25 Second Quarter Financial Review Presentation DRAFT 275
ATTACHMENT 1:

General Fund Statement of Revenue and Expenditures
Budget to Actual Comparison
DRAFT 276
Attachment 1
Property Taxes 9,793,500 - 9,793,500 2,429,765 25% - 9,793,500 Sales Taxes 9,026,800 - 9,026,800 3,282,430 36% - 9,026,800 Transaction and Use Tax 11,000,000 - 11,000,000 3,961,996 36% - 11,000,000 Transient Occupancy Tax 13,800,000 - 13,800,000 6,103,526 44% - 13,800,000Cannabis Tax 630,000 - 630,000 193,554 31% - 630,000 Franchise Fee 1,681,050 - 1,681,050 399,510 24% - 1,681,050 License & Service Charges 2,279,000 942,400 3,221,400 1,467,056 46% 11,700 3,233,100 Fines & Penalties 166,500 - 166,500 84,356 51% - 166,500 Interest & Rent Income 1,030,000 - 1,030,000 777,598 75% - 1,030,000 Reimbursements 342,900 - 342,900 220,067 64% - 342,900
Other Revenues 120,500 250,000 370,500 152,780 41% - 370,500 Other Sources 54,100 (30,017) 24,083 5,236 22% - 24,083 Total Revenues 49,924,350 1,162,383 51,086,733 19,077,874 37% 11,700 51,098,433 General Government 7,124,940 123,855 7,248,795 3,234,078 45% - 7,248,795 General Services 3,925,900 656,988 4,582,888 1,685,285 37% - 4,582,888 Library 679,400 75,308 754,708 266,342 35% - 754,708
Finance 2,069,000 - 2,069,000 861,102 42% - 2,069,000
Planning & Env. Review 5,570,500 883,730 6,454,230 1,865,722 29% - 6,454,230 Public Works 14,281,100 5,720,555 20,001,655 4,663,235 23% - 20,001,655 Neighborhood Services 3,345,400 23,358 3,368,758 1,281,094 38% - 3,368,758 Public Safety 11,548,800 - 11,548,800 4,884,826 42% - 11,548,800 Non-Departmental 894,200 - 894,200 37,989 4% - 894,200
Capital Improvement Projects 2,001,900 16,018,220 18,020,120 885,729 5% - 18,020,120 Total Expenditures 51,441,140 23,502,014 74,943,154 19,665,401 26% - 74,943,154 Net Change in Fund Balance (1,516,790) (22,339,631) (23,856,421.0) (587,528) 11,700 (23,844,721) Beginning Fund Balance 44,615,787.97 44,615,788 44,615,788 44,615,788 Ending Fund Balance 43,098,998 20,759,367 44,028,260 20,771,067 General Fund Statement of Revenue and Expenditures
City of Goleta
Amended Budget Recommended Revisions Original Budget Prior Revisions Current Budget 12/31/2024 Actuals % of Budget Budget to Actual Comparison
For the Quarter Ended December 31, 2024
Revenues
Expenditures Original Budget Prior Revisions Current Budget % of Budget Amended Budget 12/31/2024 Actuals Recommended Revisions

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277
ATTACHMENT 2:

General Fund Interim Statements of Revenue and Expenditures by Department and Program Budget to Actual Comparison
DRAFT 278
City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended December 31, 2024
Attachment 2
Annual
"Current"
Budget

QTR YTD
Actuals
Remaining
Balance
Percent
Received
Prior Year

QTR YTD
Actuals
Taxes
Property Taxes 9,793,500 2,429,765 7,363,735 24.8% 2,324,476 Sales Taxes 9,026,800 3,282,430 5,744,370 36.4% 3,205,205 Transaction and Use Tax 11,000,000 3,961,996 7,038,004 36.0% - Transient Occupancy Tax 6,103,526 13,800,000 7,696,474 44.2% 5,697,030 Cannabis Tax 630,000 193,554 436,446 30.7% 184,236
Franchise Fee 1,681,050 399,510 1,281,540 23.8% 293,357 Total 45,931,350 16,370,781 29,560,569 35.6% 11,704,304 Licenses & Service Charges
Legal Deposits Earned 1,000 37,050 (36,050) 3705.0% -
Planning Fees 124,200 62,628 61,572 50.4% 63,306
Planning Deposits Earned 217,800 73,628 144,172 33.8% 128,091 Building Permits 1,268,200 244,273 1,023,927 19.3% 335,200 Public Works Deposits Earned 17,900 9,421 8,479 52.6% 9,169 PW/Engineering Fees 70,800 95,434 (24,634) 134.8% 37,864 Solid Waste Roll Off Fees 30,000 12,142 17,858 40.5% 10,803 Business License 346,500 140,791 205,709 40.6% 251,262
Plan Check Fees 1,015,800 670,229 345,571 66.0% 286,291 Other Licenses & Charges 129,200 121,460 7,740 94.0% 108,154 Total 3,221,400 1,467,056 1,754,344 45.5% 1,230,139
Fines and Forfeitures
Fines & Penalties 166,500 84,356 82,144 50.7% 67,335
Total 166,500 84,356 82,144 50.7% 67,335
Investment Income
Interest & Rent Income 1,030,000 777,598 252,402 75.5% 1,031,905 Total 1,030,000 777,598 252,402 75.5% 1,031,905
Reimbursements
Reimbursements 342,900 220,067 122,833 64.2% 239,985
Total 342,900 220,067 122,833 64.2% 239,985
Other Revenues
Other Revenues 370,500 152,780 217,720 41.2% 3,631
Total 370,500 152,780 217,720 41.2% 3,631
Other Financing Sources
Transfers In 24,083 5,236 18,847 21.7% 12,703
Total 24,083 5,236 18,847 21.7% 12,703
TOTAL REVENUES 51,086,733 19,077,874 32,008,859 37.3% 14,290,002

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DRAFT 279
City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended December 31, 2024
Attachment 2
Annual
"Current"
Budget

QTR YTD
Actuals Encumbrances Totals
Remaining
Balance
%YTD Expended
w/ Encumbr
General Government
City Council 440,900 211,027 - 211,027 229,873 47.9%
City Manager 2,282,645 768,962 112,654 881,617 1,401,029 38.6% City Clerk 859,000 341,850 56,798 398,649 460,351 46.4% Support Services 203,000 82,419 - 82,419 120,581 40.6%
City Attorney 1,192,100 505,231 470,640 975,871 216,229 81.9% Community Relations 724,000 300,254 57,679 357,933 366,067 49.4% Support Services 1,547,150 1,024,336 20,007 1,044,343 502,807 67.5% General Government 3,234,078 7,248,795 717,780 3,951,858 3,296,937 54.5% General Services
General Services Admin 1,098,100 438,882 15,228 454,110 643,990 41.4% Facilities 1, 719,333 807,988 144,909 864,241 943,747 47.8% Information Technology 1,331,681 480,373 217,968 698,341 633,340 52.4% Fleet Management 345,119 46,697 30,323 77,020 268,100 22.3% General Services 1,685,285 4,582,888 408,428 2,093,712 2,489,176 45.7% Library
Library Services 704,708 266,342 291,562 557,904 146,804 79.2% Book Van 50,000 - - - 50,000 0.0%
Library 754,708 266,342 291,562 557,904 196,804 73.9%
Finance
Administration 2,069,000 861,102 118,975 980,077 1,088,923 47.4% Finance 2,069,000 861,102 118,975 980,077 1,088,923 47.4% Planning & Environmental Review
Administration 517,300 246,159 - 246,159 271,141 47.6%
Current Planning 2,081,431 784,086 109,755 893,841 1,187,590 42.9% Building & Safety 1,553,900 162,314 1,388,930 1,551,244 2,656 99.8% Advanced Planning 1,124,727 355,243 284,321 639,564 485,163 56.9% Planning Commission 171,000 44,808 - 44,808 126,192 26.2% Sustainability Program 518,272 172,803 75,972 248,775 269,497 48.0% Housing Program 487,600 100,310 15,750 116,060 371,540 23.8% Planning & Env. Review 6,454,230 1,865,722 1,874,729 3,740,451 2,713,778 58.0% Public Works
Administration 1,178,984 484,090 51,056 535,146 643,838 45.4% Engineering Services 5,299,649 1,993,402 1,311,631 3,305,033 1,994,616 62.4% Facility Maintenance - - - - -
Parks & Open Spaces 3,510,692 1,025,537 1,105,579 2,131,116 1,379,576 60.7% Capital Improvement Program 1,641,764 413,517 111,044 524,561 1,117,202 32.0% Street Lighting 39,500 12,992 - 12,992 26,508 32.9%
Traffic Ops & Maintenance - - - - -
Street Maintenance 8,331,067 733,560 2,773,913 3,507,473 4,823,594 42.1% Solid Waste and Environmenta 137 - - 137 (137)
Public Works 4,663,235 20,001,655 5,353,223 10,016,321 9,985,334 50.1% Neighborhood Services
Neighborhood Services Admin 1,110,658 568,294 1,075 569,369 541,289 51.3% Homelessness 866,400 244,321 400,167 644,487 221,913 74.4% Economic Development - - - - -
Parks & Recreation 883,500 468,479 - 468,479 415,021 53.0% Parks & Recreation 508,200 - - 508,200 - 0.0%
Neighborhood Services 3,368,758 1,281,094 401,242 1,682,335 1,686,423 49.9% Public Safety
Public Safety 11,548,800 4,884,826 322 4,885,147 6,663,653 42.3% Public Safety 11,548,800 4,884,826 322 4,885,147 6,663,653 42.3% Non-Departmental
Debit Service 859,200 10,805 0 10,805 848,395 1.3%
Non-Departmental 35,000 27,184 - 27,184 7,816 77.7%
Non-Departmental 894,200 37,989 0 37,989 856,211 4.2%
Capital Improvement Projects
Capital Improvement Projects 18,020,120 885,729 4,009,557 4,895,286 13,124,834 27.2% Capital Improvement Projects 885,729 18,020,120 4,009,557 4,895,286 13,124,834 27.2% TOTAL EXPENDITURES 19,665,401 74,943,154 13,175,817 32,841,218 42,101,936 43.8%

NET REVENUES OVER
EXPENDITURES (587,528) (23,856,421)
BEGINNING FUND BALANCE 44,615,788 44,615,788
ENDING FUND BALANCE 44,028,260 20,759,367

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DRAFT 280
ATTACHMENT 3:

Interim Statement of Revenues and Expenditures - Summary by Fund DRAFT 281
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
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 49,870,250 51,062,650 11,700 51,074,350 19,072,637 - 19,072,637 37.4% Transfers In From Other Funds 54,100 24,083 - 24,083 5,236 - 5,236 21.7% Total Revenue 49,924,350 51,086,733 11,700 51,098,433 19,077,874 - 19,077,874 37.3% Expenditures 50,632,940 74,094,954 - 74,094,954 19,665,401 13,175,817 32,841,218 44.3% Transfers Out to Other Funds 808,200 848,200 - 848,200 - - - 0.0% Total Expenditures 51,441,140 74,943,154 - 74,943,154 19,665,401 13,175,817 32,841,218 43.8% Addition to/(use of) reserves (1,516,790) (23,856,421) 11,700 (23,844,721) (587,528) (13,175,817) (13,763,344) Beginning Fund Balance 44,615,788 44,615,788 44,615,788 44,615,788 Ending Fund Balance 43,098,998 20,759,367 20,771,067 44,028,260 201 Gas Tax
Revenue 972,346 972,346 (6,109) 966,237 436,560 - 436,560 44.9% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 972,346 972,346 (6,109) 966,237 436,560 - 436,560 44.9% Expenditures 916,000 2,259,467 - 2,259,467 2,109,348 13,104 2,122,452 93.9% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 916,000 2,259,467 - 2,259,467 2,109,348 13,104 2,122,452 93.9% Addition to/(use of) reserves 56,346 (1,287,121) (6,109) (1,293,230) (1,672,789) (13,104) (1,685,892) Beginning Fund Balance 1,410,642 1,410,642 1,410,642 1,410,642 Ending Fund Balance 1,466,988 123,522 117,413 (262,146) 202 Local Transportation
Revenue 44,400 44,400 - 44,400 19,792 - 19,792 44.6%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 44,400 44,400 - 44,400 19,792 - 19,792 44.6% Expenditures - 262,159 - 262,159 19,395 232,532 251,926 96.1% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 262,159 - 262,159 19,395 232,532 251,926 96.1% Addition to/(use of) reserves 44,400 (217,759) - (217,759) 397 (232,532) (232,134) Beginning Fund Balance 272,815 272,815 272,815 272,815
Ending Fund Balance 317,215 55,055 55,055 273,212
203 RMRA
Revenue 876,786 876,786 (22,120) 854,666 319,797 - 319,797 36.5% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 876,786 876,786 (22,120) 854,666 319,797 - 319,797 36.5% Expenditures 808,000 1,801,327 - 1,801,327 952,664 685,453 1,638,116 90.9% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 808,000 1,801,327 - 1,801,327 952,664 685,453 1,638,116 90.9% Addition to/(use of) reserves 68,786 (924,541) (22,120) (946,661) (632,867) (685,453) (1,318,320) Beginning Fund Balance 1,318,959 1,318,959 1,318,959 1,318,959 Ending Fund Balance 1,387,745 394,418 372,298 686,092
205 Measure A
Revenue 2,511,700 2,511,700 - 2,511,700 1,079,554 - 1,079,554 43.0% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 2,511,700 2,511,700 - 2,511,700 1,079,554 - 1,079,554 43.0% Expenditures 2,032,000 6,654,242 - 6,654,242 1,782,720 1,409,281 3,192,001 48.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 2,032,000 6,654,242 - 6,654,242 1,782,720 1,409,281 3,192,001 48.0% Addition to/(use of) reserves 479,700 (4,142,542) - (4,142,542) (703,167) (1,409,281) (2,112,447) Beginning Fund Balance 5,147,946 5,147,946 5,147,946 5,147,946 Ending Fund Balance 5,627,646 1,005,404 1,005,404 4,444,779 206 Measure A-Other
Revenue - 2,428,757 - 2,428,757 370,294 - 370,294 15.2% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 2,428,757 - 2,428,757 370,294 - 370,294 15.2% Expenditures - 1,187,682 - 1,187,682 (1,939) 835 (1,104) -0.1% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 1,187,682 - 1,187,682 (1,939) 835 (1,104) -0.1% Addition to/(use of) reserves - 1,241,075 - 1,241,075 372,233 (835) 371,398 Beginning Fund Balance (1,241,075) (1,241,075) (1,241,075) (1,241,075) Ending Fund Balance (1,241,075) - - (868,843)
Page "1
DRAFT 282
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals
Percent
of
Current
Budget
207 Measure A-Project Connect
Revenue - 4,207,159 - 4,207,159 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 4,207,159 - 4,207,159 - - - 0.0%
Expenditures - 4,207,159 - 4,207,159 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 4,207,159 - 4,207,159 - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
208 County Per Capita - Goleta Library
Revenue 798,000 798,000 - 798,000 3,648 - 3,648 0.5%
Transfers In From Other Funds 100,000 100,000 - 100,000 - - - 0.0% Total Revenue 898,000 898,000 - 898,000 3,648 - 3,648 0.4% Expenditures 938,920 1,143,920 - 1,143,920 259,892 19,487 279,378 24.4% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 938,920 1,143,920 - 1,143,920 259,892 19,487 279,378 24.4% Addition to/(use of) reserves (40,920) (245,920) - (245,920) (256,243) (19,487) (275,730) Beginning Fund Balance 345,437 345,437 345,437 345,437
Ending Fund Balance 304,517 99,517 99,517 89,193
209 County Per Capita - Buellton Library
Revenue 162,659 162,659 - 162,659 3,644 - 3,644 2.2%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 162,659 162,659 - 162,659 3,644 - 3,644 2.2% Expenditures 176,400 176,400 56,479 232,879 69,766 67,649 137,415 77.9% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 176,400 176,400 56,479 232,879 69,766 67,649 137,415 77.9% Addition to/(use of) reserves (13,741) (13,741) (56,479) (70,220) (66,123) (67,649) (133,772) Beginning Fund Balance 250,656 250,656 250,656 250,656
Ending Fund Balance 236,915 236,915 180,436 184,533
210 County Per Capita - Solvang Library
Revenue 185,872 185,872 - 185,872 1,752 - 1,752 0.9%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 185,872 185,872 - 185,872 1,752 - 1,752 0.9% Expenditures 212,100 212,100 32,367 244,467 95,970 74,860 170,830 80.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 212,100 212,100 32,367 244,467 95,970 74,860 170,830 80.5% Addition to/(use of) reserves (26,228) (26,228) (32,367) (58,595) (94,218) (74,860) (169,078) Beginning Fund Balance 157,273 157,273 157,273 157,273
Ending Fund Balance 131,045 131,045 98,679 63,055
211 Solid Waste
Revenue 1,507,500 1,507,500 - 1,507,500 628,564 - 628,564 41.7% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 1,507,500 1,507,500 - 1,507,500 628,564 - 628,564 41.7% Expenditures 2,623,600 2,623,600 - 2,623,600 629,243 486,826 1,116,069 42.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 2,623,600 2,623,600 - 2,623,600 629,243 486,826 1,116,069 42.5% Addition to/(use of) reserves (1,116,100) (1,116,100) - (1,116,100) (679) (486,826) (487,505) Beginning Fund Balance 1,588,430 1,588,430 1,588,430 1,588,430 Ending Fund Balance 472,330 472,330 472,330 1,587,751
Page "2
DRAFT 283
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
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 - - - - - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance 11,748 11,748 11,748 11,748
Ending Fund Balance 11,748 11,748 11,748 11,748
213 Buellton Library
Revenue 195,479 195,479 - 195,479 196,096 - 196,096 100.3% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 195,479 195,479 - 195,479 196,096 - 196,096 100.3% Expenditures 279,500 279,500 (56,479) 223,021 122,426 - 122,426 43.8% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 279,500 279,500 (56,479) 223,021 122,426 - 122,426 43.8% Addition to/(use of) reserves (84,021) (84,021) 56,479 (27,542) 73,670 - 73,670 Beginning Fund Balance 27,542 27,542 27,542 27,542
Ending Fund Balance (56,479) (56,479) - 101,212
214 Solvang Library
Revenue 197,555 222,555 - 222,555 217,022 - 217,022 97.5% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 197,555 222,555 - 222,555 217,022 - 217,022 97.5% Expenditures 268,700 268,700 (25,867) 242,833 125,587 - 125,587 46.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 268,700 268,700 (25,867) 242,833 125,587 - 125,587 46.7% Addition to/(use of) reserves (71,145) (46,145) 25,867 (20,278) 91,434 - 91,434 Beginning Fund Balance 20,278 20,278 20,278 20,278
Ending Fund Balance (50,867) (25,867) - 111,713
217 Community Center
Revenue 363,000 363,000 - 363,000 175,050 - 175,050 48.2% Transfers In From Other Funds 508,200 508,200 - 508,200 - - - 0.0% Total Revenue 871,200 871,200 - 871,200 175,050 - 175,050 20.1% Expenditures 918,600 918,600 50,000 968,600 238,545 90,669 329,214 35.8% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 918,600 918,600 50,000 968,600 238,545 90,669 329,214 35.8% Addition to/(use of) reserves (47,400) (47,400) (50,000) (97,400) (63,495) (90,669) (154,164) Beginning Fund Balance - - - -
Ending Fund Balance (47,400) (47,400) (97,400) (63,495) 220 GTIP
Revenue 3,141,400 3,141,400 (1,557,000) 1,584,400 153,090 - 153,090 4.9% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 3,141,400 3,141,400 (1,557,000) 1,584,400 153,090 - 153,090 4.9% Expenditures 3,310,000 14,255,632 - 14,255,632 6, 088,718 4,169,151 10,257,869 72.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 3,310,000 14,255,632 - 14,255,632 6,088,718 4,169,151 10,257,869 72.0% Addition to/(use of) reserves (168,600) (11,114,232) (1,557,000) (12,671,232) (5,935,629) (4,169,151) (10,104,780) Beginning Fund Balance 8,914,576 8,914,576 8,914,576 8,914,576 Ending Fund Balance 8,745,976 (2,199,656) (3,756,656) 2,978,947 221 Parks DIF
Revenue 2,117,000 2,117,000 (1,928,857) 188,143 99,862 - 99,862 4.7% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 2,117,000 2,117,000 (1,928,857) 188,143 99,862 - 99,862 4.7% Expenditures - 4,341,796 - 4,341,796 175,878 1,532,507 1,708,384 39.3% Transfers Out to Other Funds - - (3,148,251) (3,148,251) - - - 0.0% Total Expenditures - 4,341,796 (3,148,251) 1,193,545 175,878 1,532,507 1,708,384 39.3% Addition to/(use of) reserves 2,117,000 (2,224,796) 1,219,394 (1,005,402) (76,016) (1,532,507) (1,608,523) Beginning Fund Balance 5,539,314 5,539,314 5,539,314 5,539,314 Ending Fund Balance 7,656,314 3,314,518 4,533,912 5,463,298 Page "3
DRAFT 284
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals
Percent
of
Current
Budget
222 Public Facilities DIF
Revenue 395,900 395,900 (363,900) 32,000 814 - 814 0.2% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 395,900 395,900 (363,900) 32,000 814 - 814 0.2% Expenditures 722,000 835,309 - 835,309 14,286 787,312 801,598 96.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 722,000 835,309 - 835,309 14,286 787,312 801,598 96.0% Addition to/(use of) reserves (326,100) (439,409) (363,900) (803,309) (13,472) (787,312) (800,784) Beginning Fund Balance 46,669 46,669 46,669 46,669
Ending Fund Balance (279,431) (392,740) (756,640) 33,196 223 Library DIF
Revenue 148,000 148,000 (138,000) 10,000 3,227 - 3,227 2.2% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 148,000 148,000 (138,000) 10,000 3,227 - 3,227 2.2% Expenditures 148,000 202,000 - 202,000 28,498 173,503 202,000 100.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 148,000 202,000 - 202,000 28,498 173,503 202,000 100.0% Addition to/(use of) reserves - (54,000) (138,000) (192,000) (25,271) (173,503) (198,774) Beginning Fund Balance 187,957 187,957 187,957 187,957
Ending Fund Balance 187,957 133,957 (4,043) 162,686
224 Sheriff Facilities DIF
Revenue 28,200 28,200 (28,200) - 2,591 - 2,591 9.2%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 28,200 28,200 (28,200) - 2,591 - 2,591 9.2% Expenditures - 168,002 - 168,002 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 168,002 - 168,002 - - - 0.0%
Addition to/(use of) reserves 28,200 (139,802) (28,200) (168,002) 2,591 - 2,591 Beginning Fund Balance 149,139 149,139 149,139 149,139
Ending Fund Balance 177,339 9,337 (18,863) 151,731
225 Housing in Lieu
Revenue 9,700 9,700 - 9,700 25,350 - 25,350 261.3%
Transfers In From Other Funds 250,000 250,000 - 250,000 - - - 0.0% Total Revenue 259,700 259,700 - 259,700 25,350 - 25,350 9.8% Expenditures 25,000 25,000 - 25,000 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 25,000 25,000 - 25,000 - - - 0.0%
Addition to/(use of) reserves 234,700 234,700 - 234,700 25,350 - 25,350 Beginning Fund Balance 1,485,378 1,485,378 1,485,378 1,485,378 Ending Fund Balance 1,720,078 1,720,078 1,720,078 1,510,728 226 Environmental Programs
Revenue 1,300 1,300 - 1,300 3,180 - 3,180 244.6%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 1,300 1,300 - 1,300 3,180 - 3,180 244.6%
Expenditures 9,400 9,400 - 9,400 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 9,400 9,400 - 9,400 - - - 0.0%
Addition to/(use of) reserves (8,100) (8,100) - (8,100) 3,180 - 3,180 Beginning Fund Balance 183,029 183,029 183,029 183,029
Ending Fund Balance 174,929 174,929 174,929 186,209
Page "4
DRAFT 285
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals
Percent
of
Current
Budget
229 Fire DIF
Revenue 344,900 344,900 (267,000) 77,900 65,216 - 65,216 18.9% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 344,900 344,900 (267,000) 77,900 65,216 - 65,216 18.9% Expenditures - 4,255,368 - 4,255,368 7,371 652,365 659,736 15.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 4,255,368 - 4,255,368 7,371 652,365 659,736 15.5% Addition to/(use of) reserves 344,900 (3,910,468) (267,000) (4,177,468) 57,845 (652,365) (594,521) Beginning Fund Balance 3,753,890 3,753,890 3,753,890 3,753,890 Ending Fund Balance 4,098,790 (156,578) (423,578) 3,811,735 230 Long Range Development Plan (LRDP)
Revenue - 3,889,883 - 3,889,883 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 3,889,883 - 3,889,883 - - - 0.0%
Expenditures 2,300,000 8,398,315 - 8,398,315 158,936 7,269,462 7,428,398 88.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 2,300,000 8,398,315 - 8,398,315 158,936 7,269,462 7,428,398 88.5% Addition to/(use of) reserves (2,300,000) (4,508,432) - (4,508,432) (158,936) (7,269,462) (7,428,398) Beginning Fund Balance 2,208,432 2,208,432 2,208,432 2,208,432 Ending Fund Balance (91,568) (2,300,000) (2,300,000) 2,049,496 231 Developer Agreements
Revenue - 1,600,199 - 1,600,199 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 1,600,199 - 1,600,199 - - - 0.0%
Expenditures - 1,870,199 - 1,870,199 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 1,870,199 - 1,870,199 - - - 0.0%
Addition to/(use of) reserves - (270,000) - (270,000) - - - Beginning Fund Balance 615,163 615,163 615,163 615,163
Ending Fund Balance 615,163 345,163 345,163 615,163
232 County Fire DIF
Revenue - 849,514 - 849,514 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 849,514 - 849,514 - - - 0.0%
Expenditures - 550,097 - 550,097 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 550,097 - 550,097 - - - 0.0%
Addition to/(use of) reserves - 299,417 - 299,417 - - - Beginning Fund Balance (299,417) (299,417) (299,417) (299,417) Ending Fund Balance (299,417) - - (299,417)
233 OBF-SCE
Revenue - - - - - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - 0.0% -
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
Page "5
DRAFT 286
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals
Percent
of
Current
Budget
234 Storm Drain Facilities
Revenue 184,000 184,000 (49,900) 134,100 10,614 - 10,614 5.8% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 184,000 184,000 (49,900) 134,100 10,614 - 10,614 5.8% Expenditures - 797,920 - 797,920 15,517 147,039 162,556 20.4% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 797,920 - 797,920 15,517 147,039 162,556 20.4% Addition to/(use of) reserves 184,000 (613,920) (49,900) (663,820) (4,903) (147,039) (151,941) Beginning Fund Balance 609,443 609,443 609,443 609,443
Ending Fund Balance 793,443 (4,477) (54,377) 604,541
235 Bicycle & Pedestrian Facilities
Revenue 72,700 72,700 (40,700) 32,000 4,829 - 4,829 6.6% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 72,700 72,700 (40,700) 32,000 4,829 - 4,829 6.6% Expenditures 85,000 411,204 - 411,204 - 139,000 139,000 33.8% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 85,000 411,204 - 411,204 - 139,000 139,000 33.8% Addition to/(use of) reserves (12,300) (338,504) (40,700) (379,204) 4,829 (139,000) (134,171) Beginning Fund Balance 277,205 277,205 277,205 277,205
Ending Fund Balance 264,905 (61,299) (101,999) 282,034
236 Misc Grants Library
Revenue - - 15,327 15,327 15,327 - 15,327 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - 15,327 15,327 15,327 - 15,327 0.0%
Expenditures - 28,458 15,327 43,785 - 15,327 15,327 53.9% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 28,458 15,327 43,785 - 15,327 15,327 53.9% Addition to/(use of) reserves - (28,458) - (28,458) 15,327 (15,327) - Beginning Fund Balance 28,458 28,458 28,458 28,458
Ending Fund Balance 28,458 - - 43,785
237 Local Grants
Revenue - 68,833 - 68,833 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 68,833 - 68,833 - - - 0.0%
Expenditures - 8,055 - 8,055 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 8,055 - 8,055 - - - 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)
238 Non-Residential Affordable Housing DIF
Revenue 332,900 332,900 24,100 357,000 116 - 0.0% 116
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 332,900 332,900 24,100 357,000 116 - 0.0% 116 Expenditures - 54,000 - 54,000 - 54,000 54,000 100.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 54,000 - 54,000 - 54,000 54,000 100.0% Addition to/(use of) reserves 332,900 278,900 24,100 303,000 116 (54,000) (53,884) Beginning Fund Balance 6,659 6,659 6,659 6,659
Ending Fund Balance 339,559 285,559 309,659 6,775
239 QUIMBY
Revenue - - 1,751,000 1,751,000 54,430 - 54,430 0.0%
Transfers In From Other Funds - - 3,148,251 3,148,251 - - - 0.0% Total Revenue - - 4,899,251 4,899,251 54,430 - 54,430 0.0% Expenditures - - - - - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - 4,899,251 4,899,251 54,430 - 54,430 Beginning Fund Balance 3,131,795 3,131,795 3,131,795 3,131,795 Ending Fund Balance 3,131,795 3,131,795 8,031,046 3,186,225 Page "6
DRAFT 287
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals
Percent
of
Current
Budget
301 State Dept of Parks and Recreation
Revenue - 927,952 - 927,952 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 927,952 - 927,952 - - - 0.0%
Expenditures - 927,952 - 927,952 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 927,952 - 927,952 - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
302 Public Safety Fund COPS
Revenue 150,000 324,663 (130,000) 194,663 134,085 - 134,085 41.3% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 150,000 324,663 (130,000) 194,663 134,085 - 134,085 41.3% Expenditures 150,000 194,663 - 194,663 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 150,000 194,663 - 194,663 - - - 0.0% Addition to/(use of) reserves - 130,000 (130,000) - 134,085 - 134,085 Beginning Fund Balance - - - -
Ending Fund Balance - 130,000 - 134,085
304 Solid Waste Fund Recycle
Revenue - - - - - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - 96,358 - 96,358 3,112 5,396 8,509 8.8%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 96,358 - 96,358 3,112 5,396 8,509 8.8% Addition to/(use of) reserves - (96,358) - (96,358) (3,112) (5,396) (8,509) Beginning Fund Balance 135,692 135,692 135,692 135,692
Ending Fund Balance 135,692 39,334 39,334 132,580
305 RSTP State Grant
Revenue - 565,315 - 565,315 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 565,315 - 565,315 - - - 0.0%
Expenditures - 10,150 - 10,150 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 10,150 - 10,150 - - - 0.0%
Addition to/(use of) reserves - 555,164 - 555,164 - - - Beginning Fund Balance (420,350) (420,350) (420,350) (420,350) Ending Fund Balance (420,350) 134,814 134,814 (420,350) 306 LSTP
Revenue - 733,109 - 733,109 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 733,109 - 733,109 - - - 0.0%
Expenditures - 491,496 - 491,496 337,625 - 337,625 68.7% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 491,496 - 491,496 337,625 - 337,625 68.7% Addition to/(use of) reserves - 241,613 - 241,613 (337,625) - (337,625) Beginning Fund Balance (241,169) (241,169) (241,169) (241,169) Ending Fund Balance (241,169) 444 444 (578,795)
Page "7
DRAFT 288
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals
Percent
of
Current
Budget
308 STIP
Revenue - 11,386,694 - 11,386,694 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 11,386,694 - 11,386,694 - - - 0.0%
Expenditures - 11,372,000 - 11,372,000 11,372,000 - 11,372,000 100.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 11,372,000 - 11,372,000 11,372,000 - 11,372,000 100.0% Addition to/(use of) reserves - 14,694 - 14,694 (11,372,000) - (11,372,000) Beginning Fund Balance (4,309) (4,309) (4,309) (4,309)
Ending Fund Balance (4,309) 10,385 10,385 (4,309)
310 CAL FIRE GRANT
Revenue - 1,421,887 - 1,421,887 37,111 - 37,111 2.6%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 1,421,887 - 1,421,887 37,111 - 37,111 2.6% Expenditures - 1,479,733 - 1,479,733 108,625 332,254 440,879 29.8% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 1,479,733 - 1,479,733 108,625 332,254 440,879 29.8% Addition to/(use of) reserves - (57,846) - (57,846) (71,514) (332,254) (403,768) Beginning Fund Balance 57,846 57,846 57,846 57,846
Ending Fund Balance 57,846 (0) (0) (13,668)
311 Misc. Grants
Revenue 30,000 315,508 (50,000) 265,508 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 30,000 315,508 (50,000) 265,508 - - - 0.0% Expenditures 30,000 313,763 (50,000) 263,763 22,562 178,023 200,585 63.9% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 30,000 313,763 (50,000) 263,763 22,562 178,023 200,585 63.9% Addition to/(use of) reserves - 1,745 - 1,745 (22,562) (178,023) (200,585) Beginning Fund Balance (1,715) (1,715) (1,715) (1,715)
Ending Fund Balance (1,715) 30 30 (24,276)
317 SSARP Grant
Revenue - 1,760 - 1,760 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 1,760 - 1,760 - - - 0.0%
Expenditures - 1,760 - 1,760 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 1,760 - 1,760 - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
318 Active Transportation Program - State
Revenue - 3,319,000 - 3,319,000 664,493 - 664,493 20.0% Transfers In From Other Funds - 40,000 - 40,000 - - - 0.0% Total Revenue - 3,359,000 - 3,359,000 664,493 - 664,493 19.8% Expenditures - 934,277 - 934,277 53,923 11,262 65,185 7.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 934,277 - 934,277 53,923 11,262 65,185 7.0% Addition to/(use of) reserves - 2,424,723 - 2,424,723 610,570 (11,262) 599,308 Beginning Fund Balance (2,424,723) (2,424,723) (2,424,723) (2,424,723) Ending Fund Balance (2,424,723) - - (1,814,153)
319 Housing & Community Development State Fund
Revenue - 729,866 - 729,866 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 729,866 - 729,866 - - - 0.0%
Expenditures - 729,866 - 729,866 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 729,866 - 729,866 - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
Page "8
DRAFT 289
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals
Percent
of
Current
Budget
320 Cal OES
Revenue - - - - - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance 14,231 14,231 14,231 14,231
Ending Fund Balance 14,231 14,231 14,231 14,231
321 TIRCP
Revenue - 14,858,500 - 14,858,500 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 14,858,500 - 14,858,500 - - - 0.0%
Expenditures - 14,858,944 - 14,858,944 1,415,795 13,442,705 14,858,500 100.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 14,858,944 - 14,858,944 1,415,795 13,442,705 14,858,500 100.0% Addition to/(use of) reserves - (444) - (444) (1,415,795) (13,442,705) (14,858,500) Beginning Fund Balance 444 444 444 444
Ending Fund Balance 444 (0) (0) (1,415,351)
322 MBHMP
Revenue - 2,328,618 - 2,328,618 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 2,328,618 - 2,328,618 - - - 0.0%
Expenditures - 2,117,772 - 2,117,772 983,803 1,080,764 2,064,566 97.5% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 2,117,772 - 2,117,772 983,803 1,080,764 2,064,566 97.5% Addition to/(use of) reserves - 210,846 - 210,846 (983,803) (1,080,764) (2,064,566) Beginning Fund Balance (210,846) (210,846) (210,846) (210,846) Ending Fund Balance (210,846) (0) (0) (1,194,649)
323 Cal OES PSPS Grant
Revenue - - - - - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
324 California Planning Program Grant
Revenue - - - - - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - 0.0% -
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
Page "9
DRAFT 290
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals
Percent
of
Current
Budget
325 California State Library Grant
Revenue - 4,264,460 - 4,264,460 75,401 - 75,401 1.8%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 4,264,460 - 4,264,460 75,401 - 75,401 1.8% Expenditures - 4,264,460 - 4,264,460 75,401 405,351 480,753 11.3% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 4,264,460 - 4,264,460 75,401 405,351 480,753 11.3% Addition to/(use of) reserves - - - - - (405,351) (405,351) Beginning Fund Balance - - - -
Ending Fund Balance - - - -
401 HBP
Revenue - 16,558,857 - 16,558,857 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 16,558,857 - 16,558,857 - - - 0.0%
Expenditures - 15,756,797 - 15,756,797 6,361,244 8,426,045 14,787,289 93.8% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 15,756,797 - 15,756,797 6,361,244 8,426,045 14,787,289 93.8% Addition to/(use of) reserves - 802,060 - 802,060 (6,361,244) (8,426,045) (14,787,289) Beginning Fund Balance (802,059) (802,059) (802,059) (802,059) Ending Fund Balance (802,059) 0 (7,163,304) 0
402 CDBG
Revenue 292,918 542,907 19,064 561,971 22,009 - 22,009 4.1% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 292,918 542,907 19,064 561,971 22,009 - 22,009 4.1% Expenditures 238,818 518,824 19,064 537,888 43,845 63,279 107,124 20.6% Transfers Out to Other Funds 54,100 24,083 - 24,083 5,827 - 5,827 24.2% Total Expenditures 292,918 542,907 19,064 561,971 49,672 63,279 112,951 20.8% Addition to/(use of) reserves - - - - (27,663) (63,279) (90,942) Beginning Fund Balance - - - -
Ending Fund Balance - - - (27,663)
409 OTS
Revenue - 88,187 - 88,187 13,924 - 13,924 15.8%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 88,187 - 88,187 13,924 - 13,924 15.8%
Expenditures - 74,633 - 74,633 17,245 51,396 68,641 92.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 74,633 - 74,633 17,245 51,396 68,641 92.0% Addition to/(use of) reserves - 13,554 - 13,554 (3,321) (51,396) (54,716) Beginning Fund Balance (13,554) (13,554) (13,554) (13,554) Ending Fund Balance (13,554) - - (16,875)
417 HSIP Hwy Safety Imp.

Revenue - 3,120,100 - 3,120,100 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 3,120,100 - 3,120,100 - - - 0.0%
Expenditures - 2,759,485 - 2,759,485 11,689 - 11,689 0.4% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 2,759,485 - 2,759,485 11,689 - 11,689 0.4% Addition to/(use of) reserves - 360,615 - 360,615 (11,689) - (11,689) Beginning Fund Balance (354,979) (354,979) (354,979) (354,979) Ending Fund Balance (354,979) 5,636 5,636 (366,668)
419 TIGER
Revenue - - - - - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
Page "10
DRAFT 291
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals
Percent
of
Current
Budget
420 FHWA - FEMA Reimb
Revenue - 87,746 - 87,746 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 87,746 - 87,746 - - - 0.0%
Expenditures - 87,746 - 87,746 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total 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 - 621,698 - 621,698 59,608 - 59,608 9.6%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 621,698 - 621,698 59,608 - 59,608 9.6%
Expenditures - 550,016 - 550,016 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 550,016 - 550,016 - - - 0.0%
Addition to/(use of) reserves - 71,682 - 71,682 59,608 - 59,608 Beginning Fund Balance (71,682) (71,682) (71,682) (71,682) Ending Fund Balance (71,682) - - (12,074)
423 Coronavirus State & Local Fiscal Recovery Funds
Revenue - 1,051,360 - 1,051,360 1,051,360 1,051,360 - 100.0% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 1,051,360 - 1,051,360 1,051,360 1,051,360 - 100.0% Expenditures - 1,051,360 - 1,051,360 1,051,360 1,051,360 - 100.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 1,051,360 - 1,051,360 1,051,360 1,051,360 - 100.0% Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
424 Community Project Funding HMGP
Revenue - 3,000,000 - 3,000,000 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 3,000,000 - 3,000,000 - - - 0.0%
Expenditures - 3,000,000 - 3,000,000 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 3,000,000 - 3,000,000 - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
425 United State Dept of Agriculture
Revenue - 1,000,000 - 1,000,000 - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - 1,000,000 - 1,000,000 - - - 0.0%
Expenditures - 1,000,000 - 1,000,000 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - 1,000,000 - 1,000,000 - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
Page "11
DRAFT 292
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals
Percent
of
Current
Budget
501 Library Services
Revenue 628,400 628,400 - 628,400 236,919 - 236,919 37.7% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 628,400 628,400 - 628,400 236,919 - 236,919 37.7% Expenditures 686,180 866,180 - 866,180 415,248 - 415,248 47.9% Transfers Out to Other Funds 50,000 50,000 - 50,000 - - - 0.0% Total Expenditures 736,180 916,180 - 916,180 415,248 - 415,248 45.3% Addition to/(use of) reserves (107,780) (287,780) - (287,780) (178,329) - (178,329) Beginning Fund Balance 591,308 591,308 591,308 591,308
Ending Fund Balance 483,528 303,528 303,528 412,979
502 Street Lighting
Revenue 308,000 308,000 - 308,000 192,303 - 192,303 62.4% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 308,000 308,000 - 308,000 192,303 - 192,303 62.4% Expenditures 500,500 518,500 - 518,500 120,389 69,212 189,601 36.6% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 500,500 518,500 - 518,500 120,389 69,212 189,601 36.6% Addition to/(use of) reserves (192,500) (210,500) - (210,500) 71,914 (69,212) 2,702 Beginning Fund Balance 323,662 323,662 323,662 323,662
Ending Fund Balance 131,162 113,162 113,162 395,576
503 PEG
Revenue 68,500 68,500 - 68,500 16,940 - 16,940 24.7%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 68,500 68,500 - 68,500 16,940 - 16,940 24.7% Expenditures 60,000 60,000 - 60,000 20,653 - 20,653 34.4% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 60,000 60,000 - 60,000 20,653 - 20,653 34.4% Addition to/(use of) reserves 8,500 8,500 - 8,500 (3,713) - (3,713) Beginning Fund Balance 267,375 267,375 267,375 267,375
Ending Fund Balance 275,875 275,875 275,875 263,662
504 CASp Cert and Training
Revenue - - - - 885 - 0.0% 885
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - 885 - 0.0% 885
Expenditures - - - - - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - 885 - 885
Beginning Fund Balance 2,949 2,949 2,949 2,949
Ending Fund Balance 2,949 2,949 2,949 3,835
605 RDA Successor-NonHousing
Revenue 1,157,134 1,157,134 - 1,157,134 580,840 - 580,840 50.2% Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 1,157,134 1,157,134 - 1,157,134 580,840 - 580,840 50.2% Expenditures 1,138,054 1,138,054 - 1,138,054 722,889 176,289 899,178 79.0% Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 1,138,054 1,138,054 - 1,138,054 722,889 176,289 899,178 79.0% Addition to/(use of) reserves 19,080 19,080 - 19,080 (142,049) (176,289) (318,338) Beginning Fund Balance (9,898,528) (9,898,528) (9,898,528) (9,898,528) Ending Fund Balance (9,879,448) (9,879,448) (9,879,448) (10,040,577) 608 iBank
Revenue - - - - - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -
Page "12
DRAFT 293
City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended December 31, 2024
Attachment 3
bb
Description Original Budget c Current
Budget d Budget Requests e Proposed Budget f YTD Actual Encumbrances Totals
Percent
of
Current
Budget
701 Comstock Plover Endmnt
Revenue 4,000 4,000 3,000 7,000 2,387 - 2,387 59.7%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue 4,000 4,000 3,000 7,000 2,387 - 2,387 59.7% Expenditures 2,000 2,000 12,758 14,758 - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures 2,000 2,000 12,758 14,758 - - - 0.0% Addition to/(use of) reserves 2,000 2,000 (9,758) (7,758) 2,387 - 2,387 Beginning Fund Balance 7,758 7,758 7,758 7,758
Ending Fund Balance 9,758 9,758 (0) 10,145
702 Section 115 Trust - Pension
Revenue - - - - - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance 178,405 178,405 178,405 178,405
Ending Fund Balance 178,405 178,405 178,405 178,405
703 Section 115 Trust - OPEB
Revenue - - - - - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance 349,988 349,988 349,988 349,988
Ending Fund Balance 349,988 349,988 349,988 349,988
801 Developer Deposit
Revenue - - - - - - - 0.0%
Transfers In From Other Funds - - - - - - - 0.0%
Total Revenue - - - - - - - 0.0%
Expenditures - - - - - - - 0.0%
Transfers Out to Other Funds - - - - - - - 0.0%
Total Expenditures - - - - - - - 0.0%
Addition to/(use of) reserves - - - - - - -
Beginning Fund Balance - - - -
Ending Fund Balance - - - -

TOTAL FOR ALL FUNDS
Revenue 67,100,499 148,137,513 (2,757,595) 145,379,918 26,051,321 26,051,321 17.6% Transfers In From Other Funds 912,300 922,283 3,148,251 4,070,534 5,236 5,236 0.6% Total Revenue 68,012,799 149,059,796 390,656 149,450,452 26,056,557 26,056,557 17.5% Expenditures 69,211,712 197,477,355 53,649 197,531,005 44,323,630 66,810,152 56.3% 111,133,782 Transfers Out to Other Funds 912,300 922,283 (3,148,251) (2,225,968) 5,827 - 5,827 0.6% Total Expenditures 70,124,012 198,399,638 (3,094,602) 195,305,037 44,329,457 66,810,152 56.0% 111,139,609 Addition to/(use of) reserves (2,111,213) (49,339,842) 3,485,258 (45,854,585) (18,272,900) 66,810,152 (85,083,052) Beginning Fund Balance 68,247,201 68,247,201 68,247,201 68,247,201 Ending Fund Balance 66,135,988 18,907,359 22,392,616 49,974,301 Page "13
DRAFT 294
ATTACHMENT 4:

Capital Improvement Program (CIP) Expenditure Summary
DRAFT 295
City of Goleta
Capital Improvement Program (CIP) Expenditure Summary
For the Quarter Ended December 31, 2024
Attachment 4
Project No. & Description Current Budget Activity Encumbrances Remaining Budget 9002 Ekwill Street & Fowler Extension $ 41,148,513 $ 6,471,591 $ 18,773,167 $ 15,903,755 9006 Capital Improvement Projects - Neighborhood Srvs $ 6,832,965 $ 813,726 $ 1,227,444 $ 4,791,795 9007 San Jose Creek Bike Path - Middle Segment $ 317,524 $ 58 $ 91,180 $ 226,286 9024 Ellwood Mesa $ 1,547 $ - $ - $ 1,547
9025 Fire Station No. 10 $ 5,021,465 $ 7,371 $ 598,365 $ 4,415,729 9027 101 Overpass $ 47,803 $ - $ 6,904 $ 40,899
9031 Old Town Sidewalk Improvement $ 25,245 $ - $ - $ 25,245 9033 Hollister Avenue Bridge Replacement (SJC Phase II) $ 19,637,396 $ 7,187,729 $ 9,232,750 $ 3,216,916 9039 Hollister Class I Bikeway $ 40,000 $ - $ - $ 40,000 9042 Storke Road Widening Phelps Road to City Limits $ 489,856 $ - $ - $ 489,856 9053 Cathedral Oaks Cribwall Interim Repair $ 1,379,853 $ 180,602 $ 364,264 $ 834,987 9056 LED Street Lighting Project $ 34,021 $ - $ - $ 34,021 9062 Storke Road Medians $ 579,876 $ 6,493 $ 33,367 $ 540,016 9063 Evergreen Park Restroom $ 258,506 $ - $ - $ 258,506 9065 Reclaimed Water Service to Bella Vista Park $ 204,141 $ - $ - $ 204,141 9066 Miscellaneous Park Improvements $ 22,289 $ - $ - $ 22,289 9067 Goleta Community Center Seismic Upgrades $ 550,016 $ - $ - $ 550,016 9071 Improvements to Athletic Field @ GCC $ 27,918 $ - $ - $ 27,918 9074 Stow Grove Park Master Plan & Renovation $ 1,973,511 $ 80,617 $ 436,103 $ 1,456,791 9078 Rancho La Patera Improvements $ 648,304 $ - $ - $ 648,304 9079 Goleta Train Depot & S. La Patera Improvements $ 21,753,677 $ 1,456,439 $ 20,283,938 $ 13,300 9083 Signal Upgrades $ 3,183,018 $ 28,075 $ 68,230 $ 3,086,713 9084 Community Garden $ 461,851 $ 27,331 $ 434,082 $ 438 9085 Old Town Goleta Drainage Study $ 200,000 $ - $ - $ 200,000 9086 Vision Zero Plan $ 10,000 $ - $ - $ 10,000
9087 Mid-Block Crossing on Calle Real/Encina (HAWK) $ 1,247 $ - $ - $ 1,247 9088 RRFB Improvements at School Crosswalks $ 56,080 $ - $ - $ 56,080 9089 Goleta Traffic Safety Study (GTSS) $ 45,341 $ 3,325 $ - $ 42,016 9093 San Miguel Park Improvements $ 275,000 $ - $ - $ 275,000 9094 Santa Barbara Shores Park Improvements $ 305,000 $ - $ - $ 305,000 9099 Crosswalk at Calle Real @ Fairview $ 49,178 $ - $ 464 $ 48,714 9101 City Hall Purchase & Improvements $ 684,488 $ 36,877 $ 8,123 $ 639,488 9106 Phelps Ditch Flood Control Channel Trash Control $ 50,000 $ - $ - $ 50,000 9107 Old Town S Fairview Av High Flow Trash Capture D $ 579,482 $ 1,645 $ 92,472 $ 485,365 9108 Winchester II Park $ 59,641 $ - $ - $ 59,641
9110 Hollister Ave Class 1 Bike Path Lighting $ 394,953 $ - $ - $ 394,953 9111 Jonny D. Wallis Park Phase 2 - Splash Pad $ 701,555 $ 67,930 $ 608,322 $ 25,304 9112 Ellwood Mesa/Sperling Preserve Open Space Plan $ 2,399,546 $ 1,038,095 $ 1,080,764 $ 280,687 9113 Mathilda Park Improvements $ 443,431 $ 3,425 $ 8,313 $ 431,694 9114 Hollister Ave Old Town Interim Striping Project $ 54,246 $ 6,700 $ 7,012 $ 40,534 9115 Public Works Corp Yard Repairs $ 70,321 $ - $ - $ 70,321 9116 Pickleball Courts $ 100,000 $ - $ - $ 100,000
9117 San Jose Creek Channel Fish Passage Modification $ 422,349 $ 16,445 $ 177,938 $ 227,966 9118 Ellwood Coastal Trails & Habitat Restoration $ 206,318 $ 22,046 $ 178,023 $ 6,249 9119 Ellwood Beach Drive Drainage $ 161,665 $ 5,291 $ 139,488 $ 16,887 9120 Evergreen Park Drainage Repair $ 144,903 $ 107,324 $ 8,750 $ 28,829 9121 Goleta Community Center ADA Improvements $ 4,434,497 $ 63,424 $ 116,899 $ 4,254,174 9126 Pickleball Entry/Waiting Area at GCC $ 178,760 $ - $ - $ 178,760 9127 Goleta Community Center Campus Refresh $ 538,453 $ 15,312 $ 25,013 $ 498,128 9130 Goleta Library ADA and Building Refresh $ 5,510,575 $ 94,252 $ 506,689 $ 4,909,634 9131 Historic Train Station Preservation $ 290,200 $ - $ - $ 290,200 9133 Hollister Ave Sidewalk Improvement at Ellwood School Project $ 100,000 $ - $ - $ 100,000 9901 MIS/ERP System Implementation $ 235,370 $ - $ 41,309 $ 194,061 Grand Total
DRAFT
$ 123,341,894 $17,742,120 $ 54,549,371 $ 51,050,403
296
ATTACHMENT 5:

A Resolution of The City Council of The City Of Goleta, California, Amending The City of Goleta Operating and
CIP Budget for Fiscal Year 2024/25, Amending The City
of Goleta Schedule of Authorized Positions for Fiscal Year 2024/25, and Amending the City of Goleta Salary
Schedule for Fiscal Year 2024/25.

DRAFT 297
Attachment 5

Page 1 ends

RESOLUTION NO. 24-___

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

GOLETA, CALIFORNIA, AMENDING THE CITY OF GOLETA
OPERATING AND CIP BUDGET FOR FISCAL YEAR 2024/25,

AMENDING THE CITY OF GOLETA SCHEDULE OF AUTHORIZED
POSITIONS FOR FISCAL YEAR 2024/25, AND AMENDING THE

CITY OF GOLETA SALARY SCHEDULE FOR FISCAL YEAR
2024/25.

WHEREAS, the City Council of the City of Goleta adopted the Operating Budget and Capital Improvement Program (CIP) for Fiscal Year 2024/25 on June 18, 2024; and
WHEREAS, the City Manager has proposed a budget adjustment as described in the Council report dated March 18, 2025 for Fiscal Year 2024/25 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 Second Quarter Ended December 31, 2024 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 December 3, 2024 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 2024/25; and WHEREAS, the City Council has reviewed the proposed amended authorized positions, salary schedule, and budget adjustments for Fiscal Year 2024/25, and does hereby find the recommendation to be necessary for 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 2024/25 is hereby amended as follows as per Exhibit A to this resolution.

SECTION 2.

The City of Goleta Schedule of Authorized Positions for Fiscal Year 2024/25 included herein as Exhibit B is amended to reclassify a 0.50 FullTime Equivalent (FTE) Human Resources (HR) Technician in the City DRAFT 298
Attachment 5

Page 2 ends

Attorney’s Office and a 0.50 FTE in the HR department to 1.00 FTE in the HR department, and is hereby approved and adopted to supersede any prior schedule of authorized positions.

SECTION 3.

The City of Goleta Salary Schedule and Classification Plan for Fiscal Year 2024/25 amended effective January 25, 2025 to increase salary for City Manager, as included herein as Exhibit C, is hereby approved and adopted to supersede any prior Salary Schedule and Classification Plan.

SECTION 4.

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

DRAFT 299
Attachment 5

Page 3 ends

PASSED, APPROVED, AND ADOPTED this 18th day of March, 2025.

__________________________

PAULA PEROTTE
MAYOR
ATTEST: APPROVED AS TO FORM:
_____________________________ ___________________________ DEBORAH S. LOPEZ ISAAC ROSEN

CITY CLERK ACTING CITY ATTORNEY
DRAFT 300
Attachment 5

Page 4 ends

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. 25-___ was duly adopted by the City Council of the City of Goleta at a regular meeting held on the 18th day of March, 2025, by the following vote of the Council:

AYES:

NOES:

ABSENT:
(SEAL)

_________________________
DEBORAH S. LOPEZ

CITY CLERK
DRAFT 301
Schedule of FY 2024/25
2nd QTR Adjustments - Revenues
Attachment 5 - Exhibit A
Program/Project
Name Fund Proj Account Code Requests Account Name
FY 2024/25
Current
Budget
FY 2024/25
Actuals
FY 2024/25
Budget
Balance
Type of
Request
FY 2024/25
Amended Budget
FY 2024/25
Adjusted Budget
Balance
Non-Departmental 101 8500 101-80-8500-41209 11,700.00 Other Licenses and Permits 1,300.00 10,369.00 (9,069.00) Cleanup 13,000.00 2,631.00Non-Departmental 201 8500 201-80-8500-44000 (6,109.00) Gas Tax Section 2103 308,444.00 152,384.03 156,059.97 Cleanup 302,335.00 149,950.97 Non-Departmental 203 8500 203-80-8500-44006 (22,120.00) Gas Tax Section 2032(h)(2) 846,786.00 297,731.38 549,054.62 Cleanup 824,666.00 526,934.62Non-Departmental 220 8500 220-80-8500-40500 (1,557,000.00) DIF - Facilities - Transportation 3,056,400.00 66.92 3,056,333.08 Cleanup 1,499,400.00 1,499,333.08Non-Departmental 221 8500 221-80-8500-40501 (1,751,000.00) DIF - Quimby 1,751,000.00 - 1,751,000.00 Cleanup - - Non-Departmental 221 8500 221-80-8500-40502 (101,875.05) DIF - Facilities - Parks & Rec - Residential 24.95 101,900.00 101,875.05 Cleanup 24.95 (0.00) Non-Departmental 221 8500 221-80-8500-40503 (37,690.77) DIF - Facilities - Parks & Rec-Res (Active Imp) 9.23 37,700.00 37,690.77 Cleanup 9.23 0.00 Non-Departmental 221 8500 221-80-8500-40504 (25,493.76) DIF - Facilities - Parks & Rec-Res (Passive Land) 6.24 25,500.00 25,493.76 Cleanup 6.24 0.00 Non-Departmental 221 8500 221-80-8500-40505 (9,397.69) DIF - Facilities - Parks & Rec-Res (Passive Imp) 2.31 9,400.00 9,397.69 Cleanup 2.31 (0.00) Non-Departmental 221 8500 221-80-8500-40506 (2,000.00) DIF - Facilities - Parks & Rec - Comm & Ind - 73,900.00 73,900.00 Cleanup 71,900.00 71,900.00 Non-Departmental 221 8500 221-80-8500-40507 (700.00) DIF-Facilities-Parks & Rec-Comm & Ind (Active Imp) 27,300.00 27,300.00 - Cleanup 26,600.00 26,600.00 Non-Departmental 221 8500 221-80-8500-40508 (500.00) DIF-Facilities-Parks & Rec-Comm & Ind (Pass Land) 18,500.00 18,500.00 - Cleanup 18,000.00 18,000.00 Non-Departmental 221 8500 221-80-8500-40509 (200.00) DIF-Facilities-Parks & Rec-Comm & Ind(Pass Imp) 6,800.00 - 6,800.00 Cleanup 6,600.00 6,600.00 Non-Departmental 222 8500 222-80-8500-40510 (363,900.00) DIF - Facilities - Public Administration 395,900.00 12.05 395,887.95 Cleanup 32,000.00 31,987.95 Non-Departmental 223 8500 223-80-8500-40511 (138,000.00) DIF - Facilities - Library 148,000.00 147,996.25 3.75 Cleanup 10,000.00 9,996.25 Non-Departmental 224 8500 224-80-8500-40515 (28,200.00) DIF - Facilities - Police 28,200.00 28,200.00 - Cleanup - - Non-Departmental 229 8500 229-80-8500-40512 (267,000.00) DIF - Facilities - Fire 318,700.00 318,695.47 4.53 Cleanup 51,700.00 51,695.47 Non-Departmental 234 8500 234-80-8500-40513 (49,900.00) DIF - Facilities - Storm & Drain 180,000.00 14.05 179,985.95 Cleanup 130,100.00 130,085.95 Non-Departmental 235 8500 235-80-8500-40514 (40,700.00) DIF - Facilities - Bicycle & Pedestrian 72,700.00 12.08 72,687.92 Cleanup 32,000.00 31,987.92 Goleta Library 236 2100 236-20-2100-44701 15,327.00 Grant Proceeds - Other Agencies - 15,327.00 (15,327.00) New 15,327.00 - Non-Departmental 238 8500 238-80-8500-40516 24,100.00 DIF - Facilities - Non-Res Affordable Housing 332,900.00 - 332,900.00 Cleanup 357,000.00 357,000.00 Non-Departmental 239 8500 239-80-8500-40501 1,751,000.00 DIF - Quimby - - Transfer 1,751,000.00 - 1,751,000.00 Non-Departmental 239 8500 239-80-8500-49017 3,148,251.00 Transfers In from Park DIF (221) - - Transfer 3,148,251.00 - 3,148,251.00 Non-Departmental 302 8500 302-80-8500-44400 (130,000.00) Grant Proceeds - State 324,663.46 134,085.38 190,578.08 Cleanup 194,663.46 60,578.08 Pickleball Entry/Waiting area at GCC
311 9126 311-90-9126-44701 (50,000.00) Grant Proceeds - Other Agencies 50,000.00 50,000.00 - Transfer - - Non-Departmental 402 8500 402-80-8500-44600 19,064.28 Grant Proceeds - Federal 542,906.74 22,008.95 520,897.79 Cleanup 561,971.02 539,962.07 Non-Departmental 701 8500 701-80-8500-43000 3,000.00 Interest Revenue 4,000.00 2,387.38 1,612.62 Cleanup 7,000.00 4,612.62 Total 390,656.01 $
DRAFT
302
Schedule of FY 2024/25
2nd QTR Adjustments - Expenditures
Attachment 5 - Exhibit A
Program/Project
Name Fund Department Program Account Code
Appropriation/
Transfer
Requests
Account Name FY 2024/25 Current Budget FY 2024/25 Actuals FY 2024/25 Encumbrance FY 2024/25 Budget Balance Type of Request FY 2024/25 Amended Budget FY 2024/25 Adjusted Budget Balance Frequency Buellton Library 209 20 Library Services 2200 Buellton Library 209-20-2200-50001 56,478.68 Salaries & Wages - Regular & Part Time - - - - Transfer 56,478.68 56,478.68 One-Time Solvang Library 210 20 Library Services 2300 Solvang Library 210-20-2300-50001 25,866.58 Salaries & Wages - Regular & Part Time - - - - Transfer 25,866.58 25,866.58 One-Time Solvang Library 210 20 Library Services 2300 Solvang Library 210-20-2300-57020 6,500.00 Computer Hardware & Peripherals 3,000.00 - - 3,000.00 New 9,500.00 9,500.00 One-Time Buellton Library 213 20 Library Services 2200 Buellton Library 213-20-2200-50001 (56,478.68) Salaries & Wages - Regular & Part Time 179,500.00 78,588.41 - 100,911.59 Transfer 123,021.32 44,432.91 One-Time Solvang Library 214 20 Library Services 2300 Solvang Library 214-20-2300-50001 (25,866.58) Salaries & Wages - Regular & Part Time 187,700.00 87,070.48 - 100,629.52 Transfer 161,833.42 74,762.94 One-Time Pickleball Entry/Waiting area at GCC 217 90 Capital Improvement 9126 Pickleball Entry/Waiting Area at GCC 217-90-9126-57071 50,000.00 Construction - - - - Transfer 50,000.00 50,000.00 One-Time Non-Departmental 221 80 Non-Departmental 8500 Non-Departmental 221-80-8500-59016 (3,148,251.00) Transfers Out to Quimby (239) - - - - Transfer (3,148,251.00) (3,148,251.00) One-Time Goleta Library 236 20 Library Services 2100 Goleta Library 236-20-2100-51035 15,327.00 Books & Subscriptions - - 15,327.00 (15,327.00) New 15,327.00 - One-Time Pickleball Entry/Waiting area at GCC 311 90 Capital Improvement 9126 Pickleball Entry/Waiting Area at GCC 311-90-9126-57071 (50,000.00) Construction 50,000.00 - - 50,000.00 Transfer - - One-Time Mathilda Park Improvements 402 90 Capital Improvement 9113 Mathilda Park Improvements 402-90-9113-57071 19,064.28 Construction - - - - Cleanup 19,064.28 19,064.28 One-Time Advance Planning 701 40 Community Development 4300 Advance Planning 701-40-4300-54014 12,758.00 Other Charges 2,000.00 - - 2,000.00 Cleanup 14,758.00 14,758.00 One-Time Total $ (3,094,601.72)
DRAFT
303
FY 24/25
Adopted
December 3, 2024
Program
Reallocation Reclass
Additions/
Deletions
FY 24/25
Proposed
March 4, 2025
General Government 18.000 18.000
City Manager 5.000 5.000
Assistant City Manager 1.000 1.000
Assistant to the City Manager 1.000 1.000
City Manager 1.000 1.000
Executive Assistant 1.000 1.000
Management Analyst 1.000 1.000
City Clerk 5.000 5.000
City Clerk 1.000 1.000
Deputy City Clerk 2.000 2.000
Office Specialist 1.000 1.000
Public Records Specialist 1.000 1.000
City Attorney 1.000 1.000
Assistant City Attorney 1.000 1.000
Community Relations 3.000 3.000
Community Relations Manager 1.000 1.000
Management Assistant 2.000 2.000
Human Resources/Risk Management 4.000 4.000
Human Resources Analyst 1.000 1.000
Human Resources Analyst/DEI Officer 1.000 1.000
Human Resources Technician 1.000 1.000
Human Resources/Risk Manager 1.000 1.000
General Services 7.000 7.000
General Services Administration 4.000 4.000
General Services Director 1.000 1.000
Management Assistant 1.000 1.000
Project Manager 1.000 1.000
Senior Management Analyst 1.000 1.000
City Facilities and Fleet Management 2.000 2.000
Facilities and Fleet Coordinator 1.000 1.000
Facilities Maintenance Technician 1.000 1.000
Information and Communications 1.000 1.000
Management Analyst 1.000 1.000
Finance 12.000 12.000
Finance Administration 12.000 12.000
Accountant 2.000 2.000
Accounting Manager 1.000 1.000
Accounting Specialist 4.000 4.000
Accounting Supervisor 1.000 1.000
Budget Analyst 1.000 1.000
Finance Director 1.000 1.000
Management Assistant 1.000 1.000
Senior Office Specialist 1.000 1.000
Department/Program/Positions
Note: FTE counts summarized by majority time spent.

See below for detailed allocation

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Attachment 5 - Exhibit B DRAFT 304
FY 24/25
Adopted
December 3, 2024
Program
Reallocation Reclass
Additions/
Deletions
FY 24/25
Proposed
March 4, 2025
Department/Program/Positions
Note: FTE counts summarized by majority time spent.

See below for detailed allocation

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Planning Environmental Review 20.500 20.500
Current Planning 10.500 10.500
Associate Planner 3.000 3.000
Code Compliance Officer 2.000 2.000
Office Specialist 0.500 0.500
Planning Manager 1.000 1.000
Senior Planner 1.000 1.000
Supervising Senior Planner 2.000 2.000
Planning Technician 1.000 1.000
Advance Planning 4.000 4.000
Assistant Planner 1.000 1.000
Planning Manager 1.000 1.000
Senior Planner 1.000 1.000
Supervising Senior Planner 1.000 1.000
PER Commissions 1.000 1.000
Planning Commission Clerk 1.000 1.000
Sustainability Program 2.000 2.000
Management Analyst 1.000 1.000
Sustainability Manager 1.000 1.000
Housing Program 1.000 1.000
Senior Housing Analyst 1.000 1.000
Planning Administration 2.000 2.000
Management Assistant 1.000 1.000
Planning and Environmental Review Director 1.000 1.000
Attachment 5 - Exhibit B DRAFT 305
FY 24/25
Adopted
December 3, 2024
Program
Reallocation Reclass
Additions/
Deletions
FY 24/25
Proposed
March 4, 2025
Department/Program/Positions
Note: FTE counts summarized by majority time spent.

See below for detailed allocation

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Public Works 39.000 39.000
Public Works Administration 5.000 5.000
Assistant Public Works Director 1.000 1.000
Management Analyst 1.000 1.000
Management Assistant 1.000 1.000
Public Works Business and Administration Manager 1.000 1.000 Public Works Director 1.000 1.000
Parks and Open Spaces 9.000 9.000
Administrative Assistant 1.000 1.000
Maintenance Worker I 2.000 2.000
Maintenance Worker II 2.000 2.000
Management Analyst 1.000 1.000
Parks and Open Spaces Manager 1.000 1.000
Public Works Supervisor 1.000 1.000
Lead Maintenance Worker 1.000 1.000
Capital Improvement 7.000 7.000
Assistant Engineer 1.000 1.000
Principal Civil Engineer / Engineering Manager 2.000 2.000 Project Manager 2.000 2.000
Senior Office Specialist 1.000 1.000
Senior Project Engineer 1.000 1.000
Street Maintenance 8.000 8.000
Administrative Assistant 1.000 1.000
Maintenance Worker I 1.000 1.000
Maintenance Worker II 3.000 3.000
Public Works Supervisor 1.000 1.000
Street Maintenance Manager 1.000 1.000
Lead Maintenance Worker 1.000 1.000
Environmental Services 4.000 4.000
Administrative Assistant 1.000 1.000
Environmental Services Manager 1.000 1.000
Environmental Services Specialist 1.000 1.000
Project Manager 1.000 1.000
Transportation and Development Engineering 6.000 6.000
Principal Civil Engineer / Engineering Manager 1.000 1.000 Project Manager 1.000 1.000
Public Works Inspector 1.000 1.000
Senior Engineer 1.000 1.000
Senior Engineering Technician 1.000 1.000
Associate Engineer 1.000 1.000
Attachment 5 - Exhibit B DRAFT 306
FY 24/25
Adopted
December 3, 2024
Program
Reallocation Reclass
Additions/
Deletions
FY 24/25
Proposed
March 4, 2025
Department/Program/Positions
Note: FTE counts summarized by majority time spent.

See below for detailed allocation

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Neighborhood Services 28.125 28.125
Neighborhood Services Administration 4.500 4.500
Emergency Services Coordinator 1.000 1.000
Management Assistant 1.000 1.000
Neighborhood Services Director 1.000 1.000
Senior Management Analyst 1.000 1.000
Program Technician 0.500 0.500
Homelessness 1.000 1.000
Homelessness Services Coordinator 1.000 1.000
Parks and Recreation 2.000 2.000
Parks and Recreation Manager 1.000 1.000
Recreation Supervisor 1.000 1.000
Community Center 3.500 3.500
Administrative Assistant 1.000 1.000
Maintenance Worker I 1.000 1.000
Recreation Supervisor 1.000 1.000
Program Technician 0.500 0.500
Library - Goleta 12.125 12.125
City Librarian (Library Director) 1.000 1.000
Librarian II/Children's Librarian 1.000 1.000
Library Assistant 5.250 5.250
Library Technician 2.875 2.875
Management Assistant 1.000 1.000
Supervising Librarian 1.000 1.000
Library - Buellton 2.500 2.500
Library Assistant 0.750 0.750
Library Technician 0.750 0.750
Supervising Library Technician 1.000 1.000
Library - Solvang 2.500 2.500
Library Technician 1.500 1.500
Supervising Library Technician 1.000 1.000
Grand Total 124.625 124.625
Attachment 5 - Exhibit B DRAFT 307
FY 24/25
Adopted
December 3, 2024
Program
Reallocation Reclass
Additions/
Deletions
FY 24/25
Proposed
March 4, 2025
General Government 18.250 0.000 18.250
City Manager 5.250 5.250
Assistant City Manager 1.000 1.000
Assistant to the City Manager 1.000 1.000
City Manager 1.000 1.000
Executive Assistant 1.000 1.000
Management Analyst 1.000 1.000
Management Assistant 0.250 0.250
City Attorney 1.500 -0.500 1.000
Assistant City Attorney 1.000 1.000
Human Resources Technician 0.500 -0.500 0.000
City Clerk 5.000 5.000
City Clerk 1.000 1.000
Deputy City Clerk 2.000 2.000
Office Specialist 1.000 1.000
Public Records Specialist 1.000 1.000
Community Relations 3.000 3.000
Community Relations Manager 1.000 1.000
Management Assistant 2.000 2.000
Human Resources/Risk Management 3.500 0.500 4.000
Human Resources Analyst 1.000 1.000
Human Resources Analyst/DEI Officer 1.000 1.000
Human Resources Technician 0.500 0.500 1.000
Human Resources/Risk Manager 1.000 1.000
General Services 6.750 6.750
General Services Administration 3.750 3.750
General Services Director 1.000 1.000
Management Analyst 0.500 0.500
Management Assistant 0.750 0.750
Project Manager 0.500 0.500
Senior Management Analyst 1.000 1.000
City Facilities 2.250 2.250
Facilities and Fleet Coordinator 0.750 0.750
Facilities Maintenance Technician 1.000 1.000
Project Manager 0.500 0.500
Information and Communications 0.500 0.500
Management Analyst 0.500 0.500
Fleet Management 0.250 0.250
Facilities and Fleet Coordinator 0.250 0.250
Finance 12.000 12.000
Finance Administration 12.000 12.000
Accountant 2.000 2.000
Accounting Manager 1.000 1.000
Accounting Specialist 4.000 4.000
Accounting Supervisor 1.000 1.000
Budget Analyst 1.000 1.000
Finance Director 1.000 1.000
Management Assistant 1.000 1.000
Senior Office Specialist 1.000 1.000

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Department/Program/Positions
(Note: FTE counts summarized by budgeted time spent.

Attachment 5 - Exhibit B DRAFT 308
FY 24/25
Adopted
December 3, 2024
Program
Reallocation Reclass
Additions/
Deletions
FY 24/25
Proposed
March 4, 2025

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Department/Program/Positions
(Note: FTE counts summarized by budgeted time spent.

Planning Environmental Review 20.500 20.500
Current Planning 10.500 10.500
Associate Planner 3.000 3.000
Code Compliance Officer 2.000 2.000
Office Specialist 0.500 0.500
Planning Manager 1.000 1.000
Senior Planner 1.000 1.000
Supervising Planner 2.000 2.000
Planning Technician 1.000 1.000
Advance Planning 4.000 4.000
Assistant Planner 1.000 1.000
Planning Manager 1.000 1.000
Senior Planner 1.000 1.000
Supervising Senior Planner 1.000 1.000
PER Commissions 1.000 1.000
Planning Commission Clerk 1.000 1.000
Sustainability Program 2.000 2.000
Management Analyst 1.000 1.000
Sustainability Manager 1.000 1.000
Housing Program 1.000 1.000
Senior Housing Analyst 1.000 1.000
Planning Administration 2.000 2.000
Management Assistant 1.000 1.000
Planning and Environmental Review Director 1.000 1.000
Attachment 5 - Exhibit B DRAFT 309
FY 24/25
Adopted
December 3, 2024
Program
Reallocation Reclass
Additions/
Deletions
FY 24/25
Proposed
March 4, 2025

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Department/Program/Positions
(Note: FTE counts summarized by budgeted time spent.

Public Works 39.000 39.000
Public Works Administration 5.000 5.000
Assistant Public Works Director 1.000 1.000
Management Analyst 1.000 1.000
Management Assistant 1.000 1.000
Public Works Business and Administration Manager 1.000 1.000 Public Works Director 1.000 1.000
Parks and Open Spaces 9.000 9.000
Administrative Assistant 1.000 1.000
Maintenance Worker I 2.000 2.000
Maintenance Worker II 2.000 2.000
Management Analyst 1.000 1.000
Parks and Open Spaces Manager 1.000 1.000
Public Works Supervisor 1.000 1.000
Lead Maintenance Worker 1.000 1.000
Capital Improvement 6.750 6.750
Assistant Engineer 0.750 0.750
Principal Civil Engineer / Engineering Manager 2.000 2.000 Project Manager 2.000 2.000
Senior Office Specialist 1.000 1.000
Senior Project Engineer 1.000 1.000
Street Lighting 0.250 0.250
Assistant Engineer 0.250 0.250
Street Maintenance 8.000 8.000
Administrative Assistant 1.000 1.000
Maintenance Worker I 1.000 1.000
Maintenance Worker II 3.000 3.000
Public Works Supervisor 1.000 1.000
Street Maintenance Manager 1.000 1.000
Lead Maintenance Worker 1.000 1.000
Environmental Services 4.000 4.000
Administrative Assistant 1.000 1.000
Environmental Services Manager 1.000 1.000
Environmental Services Specialist 1.000 1.000
Project Manager 1.000 1.000
Transportation and Development Engineering 6.000 6.000
Assistant Engineer 1.000 1.000
Principal Civil Engineer / Engineering Manager 1.000 1.000 Project Manager 1.000 1.000
Public Works Inspector 1.000 1.000
Senior Engineer 1.000 1.000
Senior Engineering Technician 1.000 1.000
Attachment 5 - Exhibit B DRAFT 310
FY 24/25
Adopted
December 3, 2024
Program
Reallocation Reclass
Additions/
Deletions
FY 24/25
Proposed
March 4, 2025

SCHEDULE OF AUTHORIZED POSITIONS
FISCAL YEAR 2024/25
Department/Program/Positions
(Note: FTE counts summarized by budgeted time spent.

Neighborhood Services 28.125 28.125
Neighborhood Services Administration 4.100 4.100
Management Assistant 0.800 0.800
Neighborhood Services Director 0.900 0.900
Senior Management Analyst 0.900 0.900
Emergency Services Coordinator 1.000 1.000
Program Technician 0.500 0.500
Homelessness 1.000 1.000
Homelessness Services Coordinator 1.000 1.000
Parks and Recreation 2.400 2.400
Management Assistant 0.200 0.200
Neighborhood Services Director 0.100 0.100
Parks and Recreation Manager 1.000 1.000
Recreation Supervisor 1.000 1.000
Senior Management Analyst 0.100 0.100
Community Center 3.500 3.500
Administrative Assistant 1.000 1.000
Maintenance Worker I 1.000 1.000
Recreation Supervisor 1.000 1.000
Program Technician 0.500 0.500
Library - Goleta 12.125 12.125
City Librarian (Library Director) 1.000 1.000
Librarian II/Children's Librarian 1.000 1.000
Library Assistant 5.250 5.250
Library Technician 2.875 2.875
Management Assistant 1.000 1.000
Supervising Librarian 1.000 1.000
Library - Buellton 2.500 2.500
Library Assistant 0.750 0.750
Library Technician 0.750 0.750
Supervising Library Technician 1.000 1.000
Library - Solvang 2.500 2.500
Library Technician 1.500 1.500
Supervising Library Technician 1.000 1.000
Grand Total 124.625 0.000 124.625
Attachment 5 - Exhibit B DRAFT 311

CITY OF GOLETA, CALIFORNIA

SALARY SCHEDULE AND CLASSIFICATION PLAN
FY 2023/24 AND FY 2024/25
Attachment 5 - Exhibit C
Adopted: 3/18/2025
Effective: 01/25/2025
SECTION 1: CLASSIFICATION AND SALARY RANGES -- BY GRADE STEP DETAILS ARE INCLUDED IN SECTION 2 OF THIS DOCUMENT SPECIAL Classified? BARG. FLSA EEO NEW HOURLY PAY

C/U UNIT E/N FUNCT GRADE MIN MAX MIN MAX MIN MAX MIN MAX CODE City Hall Receptionist C G N 108 $ 23.53 $ 30.03 $ 1,882.55 $ 2,402.67 $ 4,078.87 $ 5,205.79 $ 48,946.43 $ 62,469.42 Maintenance Worker I C G N 112 $ 25.97 $ 33.15 $ 2,077.99 $ 2,652.10 $ 4,502.31 $ 5,746.21 $ 54,027.70 $ 68,954.55 Office Specialist C G N 112 $ 25.97 $ 33.15 $ 2,077.99 $ 2,652.10 $ 4,502.31 $ 5,746.21 $ 54,027.70 $ 68,954.55 Program Technician C G N 112 $ 25.97 $ 33.15 $ 2,077.99 $ 2,652.10 $ 4,502.31 $ 5,746.21 $ 54,027.70 $ 68,954.55 Library Assistant C G N 113 $ 26.62 $ 33.98 $ 2,129.94 $ 2,718.40 $ 4,614.87 $ 5,889.87 $ 55,378.39 $ 70,678.42 Maintenance Worker II C G N 115 $ 27.97 $ 35.70 $ 2,237.77 $ 2,856.02 $ 4,848.49 $ 6,188.04 $ 58,181.92 $ 74,256.51 Senior Office Specialist C G N 115 $ 27.97 $ 35.70 $ 2,237.77 $ 2,856.02 $ 4,848.49 $ 6,188.04 $ 58,181.92 $ 74,256.51 Library Technician C G N 115 $ 27.97 $ 35.70 $ 2,237.77 $ 2,856.02 $ 4,848.49 $ 6,188.04 $ 58,181.92 $ 74,256.51 Facilities Maintenance Technician C G N 118 $ 30.12 $ 38.45 $ 2,409.83 $ 3,075.62 $ 5,221.30 $ 6,663.85 $ 62,655.57 $ 79,966.14 Senior Library Technician C G E 118 $ 30.12 $ 38.45 $ 2,409.83 $ 3,075.62 $ 5,221.30 $ 6,663.85 $ 62,655.57 $ 79,966.14 Accounting Specialist C G N 120 $ 31.65 $ 40.39 $ 2,531.83 $ 3,231.32 $ 5,485.63 $ 7,001.20 $ 65,827.50 $ 84,014.43 Lead Maintenance Worker C G N 121 $ 32.44 $ 41.40 $ 2,595.12 $ 3,312.11 $ 5,622.77 $ 7,176.23 $ 67,473.19 $ 86,114.79 Administrative Assistant C G N 121 $ 32.44 $ 41.40 $ 2,595.12 $ 3,312.11 $ 5,622.77 $ 7,176.23 $ 67,473.19 $ 86,114.79 Administrative Assistant, Confidential C C N 121 $ 32.44 $ 41.40 $ 2,595.12 $ 3,312.11 $ 5,622.77 $ 7,176.23 $ 67,473.19 $ 86,114.79 Assistant Engineering Technician C G N 121 $ 32.44 $ 41.40 $ 2,595.12 $ 3,312.11 $ 5,622.77 $ 7,176.23 $ 67,473.19 $ 86,114.79 Supervising Library Technician C M E 121 $ 32.44 $ 41.40 $ 2,595.12 $ 3,312.11 $ 5,622.77 $ 7,176.23 $ 67,473.19 $ 86,114.79 Planning Technician C G N 122 $ 33.25 $ 42.44 $ 2,660.00 $ 3,394.91 $ 5,763.34 $ 7,355.64 $ 69,160.02 $ 88,267.66 Librarian I C M N 123 $ 34.08 $ 43.50 $ 2,726.50 $ 3,479.78 $ 5,907.42 $ 7,539.53 $ 70,889.02 $ 90,474.35 Associate Engineering Technician C G N 124 $ 34.93 $ 44.58 $ 2,794.66 $ 3,566.78 $ 6,055.10 $ 7,728.02 $ 72,661.25 $ 92,736.21 Librarian II C M N 126 $ 36.70 $ 46.84 $ 2,936.14 $ 3,747.35 $ 6,361.64 $ 8,119.25 $ 76,339.72 $ 97,430.98 Senior Engineering Technician C G N 127 $ 37.62 $ 48.01 $ 3,009.55 $ 3,841.03 $ 6,520.68 $ 8,322.23 $ 78,248.22 $ 99,866.76 Planning Commission Clerk C G N 127 $ 37.62 $ 48.01 $ 3,009.55 $ 3,841.03 $ 6,520.68 $ 8,322.23 $ 78,248.22 $ 99,866.76 Public Records Specialist C G N 127 $ 37.62 $ 48.01 $ 3,009.55 $ 3,841.03 $ 6,520.68 $ 8,322.23 $ 78,248.22 $ 99,866.76 Code Compliance Officer C G N 130 $ 40.51 $ 51.70 $ 3,240.95 $ 4,136.37 $ 7,022.06 $ 8,962.13 $ 84,264.77 $ 107,545.57 Deputy City Clerk C M E 130 $ 40.51 $ 51.70 $ 3,240.95 $ 4,136.37 $ 7,022.06 $ 8,962.13 $ 84,264.77 $ 107,545.57 Public Works Inspector C G N 130 $ 40.51 $ 51.70 $ 3,240.95 $ 4,136.37 $ 7,022.06 $ 8,962.13 $ 84,264.77 $ 107,545.57 Assistant Planner C G N 130 $ 40.51 $ 51.70 $ 3,240.95 $ 4,136.37 $ 7,022.06 $ 8,962.13 $ 84,264.77 $ 107,545.57 Executive Assistant C C E 133 $ 43.63 $ 55.68 $ 3,490.15 $ 4,454.42 $ 7,562.00 $ 9,651.23 $ 90,743.94 $ 115,814.82 Public Works Supervisor C M N 133 $ 43.63 $ 55.68 $ 3,490.15 $ 4,454.42 $ 7,562.00 $ 9,651.23 $ 90,743.94 $ 115,814.82 Legal Office Assistant C G N 133 $ 43.63 $ 55.68 $ 3,490.15 $ 4,454.42 $ 7,562.00 $ 9,651.23 $ 90,743.94 $ 115,814.82 Management Assistant C G N 133 $ 43.63 $ 55.68 $ 3,490.15 $ 4,454.42 $ 7,562.00 $ 9,651.23 $ 90,743.94 $ 115,814.82 Management Assistant, Confidential C C N 133 $ 43.63 $ 55.68 $ 3,490.15 $ 4,454.42 $ 7,562.00 $ 9,651.23 $ 90,743.94 $ 115,814.82 Accountant C G N 134 $ 44.72 $ 57.07 $ 3,577.41 $ 4,565.78 $ 7,751.04 $ 9,892.52 $ 93,012.54 $ 118,710.19 Accountant, Confidential C C N 134 $ 44.72 $ 57.07 $ 3,577.41 $ 4,565.78 $ 7,751.04 $ 9,892.52 $ 93,012.54 $ 118,710.19 Budget Analyst C C N 134 $ 44.72 $ 57.07 $ 3,577.41 $ 4,565.78 $ 7,751.04 $ 9,892.52 $ 93,012.54 $ 118,710.19 Facilities and Fleet Coordinator C G N 134 $ 44.72 $ 57.07 $ 3,577.41 $ 4,565.78 $ 7,751.04 $ 9,892.52 $ 93,012.54 $ 118,710.19 Human Resources Technician C C N 134 $ 44.72 $ 57.07 $ 3,577.41 $ 4,565.78 $ 7,751.04 $ 9,892.52 $ 93,012.54 $ 118,710.19 Assistant Engineer C G N 134 $ 44.72 $ 57.07 $ 3,577.41 $ 4,565.78 $ 7,751.04 $ 9,892.52 $ 93,012.54 $ 118,710.19 Spec 1 Recreation Supervisor C M E 134 $ 44.72 $ 57.07 $ 3,577.41 $ 4,565.78 $ 7,751.04 $ 9,892.52 $ 93,012.54 $ 118,710.19 Associate Planner C G N 136 $ 46.98 $ 59.96 $ 3,758.51 $ 4,796.92 $ 8,143.44 $ 10,393.32 $ 97,721.30 $ 124,719.89 Emergency Services Coordinator C G E 137 $ 48.16 $ 61.46 $ 3,852.47 $ 4,916.84 $ 8,347.03 $ 10,653.16 $ 100,164.33 $ 127,837.89 Human Resources Analyst C C E 137 $ 48.16 $ 61.46 $ 3,852.47 $ 4,916.84 $ 8,347.03 $ 10,653.16 $ 100,164.33 $ 127,837.89 Human Resources Analyst/DEI Officer C C E 137 $ 48.16 $ 61.46 $ 3,852.47 $ 4,916.84 $ 8,347.03 $ 10,653.16 $ 100,164.33 $ 127,837.89 Management Analyst C M E 137 $ 48.16 $ 61.46 $ 3,852.47 $ 4,916.84 $ 8,347.03 $ 10,653.16 $ 100,164.33 $ 127,837.89 Management Analyst, Confidential C C E 137 $ 48.16 $ 61.46 $ 3,852.47 $ 4,916.84 $ 8,347.03 $ 10,653.16 $ 100,164.33 $ 127,837.89 Environmental Services Specialist C M N 137 $ 48.16 $ 61.46 $ 3,852.47 $ 4,916.84 $ 8,347.03 $ 10,653.16 $ 100,164.33 $ 127,837.89 Associate Engineer C G N 140 $ 51.86 $ 66.19 $ 4,148.69 $ 5,294.90 $ 8,988.84 $ 11,472.29 $ 107,866.03 $ 137,667.42 Spec 2 Supervising Librarian C M E 140 $ 51.86 $ 66.19 $ 4,148.69 $ 5,294.90 $ 8,988.84 $ 11,472.29 $ 107,866.03 $ 137,667.42 Accounting Supervisor C C E 142 $ 54.48 $ 69.54 $ 4,358.72 $ 5,562.96 $ 9,443.90 $ 12,053.07 $ 113,326.75 $ 144,636.84 Senior Management Analyst C C E 143 $ 55.85 $ 71.28 $ 4,467.69 $ 5,702.03 $ 9,679.99 $ 12,354.40 $ 116,159.92 $ 148,252.76 Homelessness Services Coordinator C M E 143 $ 55.85 $ 71.28 $ 4,467.69 $ 5,702.03 $ 9,679.99 $ 12,354.40 $ 116,159.92 $ 148,252.76 ANNUAL

CLASSIFICATION

BIWEEKLY MONTHLY

Page 1 of 4 ends

DRAFT 312

CITY OF GOLETA, CALIFORNIA

C/U UNIT E/N FUNCT GRADE MIN MAX MIN MAX MIN MAX MIN MAX CODE ANNUAL

CLASSIFICATION

BIWEEKLY MONTHLY
Senior Housing Analyst C M E 143 $ 55.85 $ 71.28 $ 4,467.69 $ 5,702.03 $ 9,679.99 $ 12,354.40 $ 116,159.92 $ 148,252.76 Senior Planner C M E 143 $ 55.85 $ 71.28 $ 4,467.69 $ 5,702.03 $ 9,679.99 $ 12,354.40 $ 116,159.92 $ 148,252.76 Project Manager C M E 143 $ 55.85 $ 71.28 $ 4,467.69 $ 5,702.03 $ 9,679.99 $ 12,354.40 $ 116,159.92 $ 148,252.76 Public Works Business and Administration Manager C MM E 147 $ 61.64 $ 78.67 $ 4,931.49 $ 6,293.97 $ 10,684.90 $ 13,636.94 $ 128,218.81 $ 163,643.31 Community Relations Manager C MM E 147 $ 61.64 $ 78.67 $ 4,931.49 $ 6,293.97 $ 10,684.90 $ 13,636.94 $ 128,218.81 $ 163,643.31 Assistant to the City Manager C MM E 147 $ 61.64 $ 78.67 $ 4,931.49 $ 6,293.97 $ 10,684.90 $ 13,636.94 $ 128,218.81 $ 163,643.31 Senior Engineer C M E 149 $ 64.76 $ 82.66 $ 5,181.15 $ 6,612.61 $ 11,225.82 $ 14,327.31 $ 134,709.89 $ 171,927.75 Sustainability Manager C MM E 150 $ 66.38 $ 84.72 $ 5,310.68 $ 6,777.92 $ 11,506.47 $ 14,685.50 $ 138,077.64 $ 176,225.94 Accounting Manager C MM E 150 $ 66.38 $ 84.72 $ 5,310.68 $ 6,777.92 $ 11,506.47 $ 14,685.50 $ 138,077.64 $ 176,225.94 Street Maintenance Manager C MM E 150 $ 66.38 $ 84.72 $ 5,310.68 $ 6,777.92 $ 11,506.47 $ 14,685.50 $ 138,077.64 $ 176,225.94 Parks and Open Space Manager C MM E 150 $ 66.38 $ 84.72 $ 5,310.68 $ 6,777.92 $ 11,506.47 $ 14,685.50 $ 138,077.64 $ 176,225.94 Supervising Planner C M E 150 $ 66.38 $ 84.72 $ 5,310.68 $ 6,777.92 $ 11,506.47 $ 14,685.50 $ 138,077.64 $ 176,225.94 Parks and Recreation Manager C MM E 150 $ 66.38 $ 84.72 $ 5,310.68 $ 6,777.92 $ 11,506.47 $ 14,685.50 $ 138,077.64 $ 176,225.94 Environmental Services Manager C MM E 150 $ 66.38 $ 84.72 $ 5,310.68 $ 6,777.92 $ 11,506.47 $ 14,685.50 $ 138,077.64 $ 176,225.94 Deputy City Attorney C C E 152 $ 69.74 $ 89.01 $ 5,579.53 $ 7,121.05 $ 12,088.98 $ 15,428.95 $ 145,067.82 $ 185,147.38 City Librarian (Library Director) C MM E 152 $ 69.74 $ 89.01 $ 5,579.53 $ 7,121.05 $ 12,088.98 $ 15,428.95 $ 145,067.82 $ 185,147.38 Human Resources/Risk Manager C MM E 153 $ 71.49 $ 91.24 $ 5,719.02 $ 7,299.08 $ 12,391.21 $ 15,814.67 $ 148,694.51 $ 189,776.07 Senior Project Engineer - grandfathered class C M E 153 $ 71.49 $ 91.24 $ 5,719.02 $ 7,299.08 $ 12,391.21 $ 15,814.67 $ 148,694.51 $ 189,776.07 Planning Manager C MM E 153 $ 71.49 $ 91.24 $ 5,719.02 $ 7,299.08 $ 12,391.21 $ 15,814.67 $ 148,694.51 $ 189,776.07 Principal Civil Engineer C MM E 155 $ 75.11 $ 95.86 $ 6,008.55 $ 7,668.60 $ 13,018.51 $ 16,615.29 $ 156,222.17 $ 199,383.48 City Clerk C E E 157 $ 78.91 $ 100.71 $ 6,312.73 $ 8,056.82 $ 13,677.58 $ 17,456.44 $ 164,130.92 $ 209,477.27 Assistant Public Works Director C MM E 161 $ 87.10 $ 111.17 $ 6,968.07 $ 8,893.22 $ 15,097.49 $ 19,268.64 $ 181,169.83 $ 231,223.71 Assistant City Attorney U E E 163 $ 91.51 $ 116.79 $ 7,320.83 $ 9,343.44 $ 15,861.80 $ 20,244.12 $ 190,341.55 $ 242,929.41 Neighborhood Services Director U E E 164 $ 93.80 $ 119.71 $ 7,503.85 $ 9,577.02 $ 16,258.34 $ 20,750.22 $ 195,100.09 $ 249,002.64 General Services Director U E E 164 $ 93.80 $ 119.71 $ 7,503.85 $ 9,577.02 $ 16,258.34 $ 20,750.22 $ 195,100.09 $ 249,002.64 Finance Director U E E 167 $ 101.01 $ 128.92 $ 8,080.83 $ 10,313.41 $ 17,508.45 $ 22,345.72 $ 210,101.45 $ 268,148.61 Public Works Director U E E 167 $ 101.01 $ 128.92 $ 8,080.83 $ 10,313.41 $ 17,508.45 $ 22,345.72 $ 210,101.45 $ 268,148.61 Planning and Environmental Review Director U E E 167 $ 101.01 $ 128.92 $ 8,080.83 $ 10,313.41 $ 17,508.45 $ 22,345.72 $ 210,101.45 $ 268,148.61 Assistant City Manager U E E 170 $ 108.78 $ 138.83 $ 8,702.16 $ 11,106.41 $ 18,854.69 $ 24,063.89 $ 226,256.29 $ 288,766.73 Street Maintenance Manager, Y-Rated C MM E N/A N/A N/A $ 87.93 N/A $ 7,034.40 N/A $ 15,241.20 N/A $ 182,894.40 Parks and Open Space Manager, Y-Rated C MM E N/A N/A N/A $ 87.93 N/A $ 7,034.40 N/A $ 15,241.20 N/A $ 182,894.40 Principal Project Manager - Extra Help Retired Annuitant N/A N/A N/A N/A N/A $ 66.89 $ 85.37 $ 5,351.20 $ 6,829.60 $ 11,594.27 $ 14,797.47 $ 139,131.20 $ 177,569.60 Executive - Extra Help Retired Annuitant N/A N/A N/A N/A N/A $ 72.91 $ 93.05 $ 5,832.80 $ 7,444.28 $ 12,637.73 $ 16,129.27 $ 151,652.80 $ 193,551.29 City Manager (effective 1/25/2025) U E E K $ 159.65 $ 12,772.00 $ 27,672.67 $ 332,072.00 City Councilmember (effective 12/14/2024) N/A N/A N/A N/A N/A $ 29.62 $ 2,369.37 $ 5,133.63 $ 61,603.50 Mayor (effective 12/14/2024) N/A N/A N/A N/A N/A $ 35.54 $ 2,843.24 $ 6,160.35 $ 73,924.20 Bargaining Unit/Employment Group Classified Special Pay C = Confidential C = Classified Spec 1: If certified as an Engineer-in-Training (EIT) in the State of California, this position will receive a 5% pay differential at each step.

G = General Unit U = Unclassified Spec 2: If registered as Civil Engineer in the State of California, this position will receive a 5% pay differential at each step.

M = Miscellaneous Unit
MM = Mid-Management FLSA
MM/C = Confidential Middle Management N = Non Exempt from overtime E = Executive Management E = Exempt from overtime

Page 2 of 4 ends

DRAFT 313

CITY OF GOLETA, CALIFORNIA

SALARY SCHEDULE AND CLASSIFICATION PLAN
FY 2023/24 AND FY 2024/25
Attachment 5 - Exhibit C
Adopted: 3/18/2025
Effective: 01/15/2025
SECTION 2-DETAIL OF SALARY RANGES AND STEPS
Salary ranges are based on Grade 101, Step 1 hourly rate, set 2.5% apart. Each step within a range is a 5% (ROUNDUP,2) increase. Biweekly rates are hourly rates * 80. Monthly rates are hourly rate *2080 hours/12months (ROUND,2). Annual rates are hourly rate times 2080 (ROUND).

Note: Future salary adjustments will be calculated on "Grade 101, Step 1" hourly rate (e.g., $19.22 x 3%). All rates will automatically adjust accordingly.

Grade HOURLY
No. Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 101 $ 19.80 $ 20.79 $ 21.83 $ 22.92 $ 24.06 $ 25.27 $ 1,583.73 $ 1,662.91 $ 1,746.06 $ 1,833.36 $ 1,925.03 $ 2,021.28 $ 3,431.41 $ 3,602.98 $ 3,783.13 $ 3,972.29 $ 4,170.90 $ 4,379.45 $ 41,176.93 $ 43,235.77 $ 45,397.56 $ 47,667.44 $ 50,050.81 $ 52,553.35 102 $ 20.29 $ 21.31 $ 22.37 $ 23.49 $ 24.66 $ 25.90 $ 1,623.32 $ 1,704.49 $ 1,789.71 $ 1,879.20 $ 1,973.16 $ 2,071.81 $ 3,517.20 $ 3,693.06 $ 3,877.71 $ 4,071.59 $ 4,275.17 $ 4,488.93 $ 42,206.35 $ 44,316.67 $ 46,532.50 $ 48,859.13 $ 51,302.08 $ 53,867.19 103 $ 20.80 $ 21.84 $ 22.93 $ 24.08 $ 25.28 $ 26.55 $ 1,663.90 $ 1,747.10 $ 1,834.45 $ 1,926.18 $ 2,022.49 $ 2,123.61 $ 3,605.13 $ 3,785.38 $ 3,974.65 $ 4,173.38 $ 4,382.05 $ 4,601.16 $ 43,261.51 $ 45,424.59 $ 47,695.81 $ 50,080.61 $ 52,584.64 $ 55,213.87 104 $ 21.32 $ 22.38 $ 23.50 $ 24.68 $ 25.91 $ 27.21 $ 1,705.50 $ 1,790.78 $ 1,880.32 $ 1,974.33 $ 2,073.05 $ 2,176.70 $ 3,695.25 $ 3,880.02 $ 4,074.02 $ 4,277.72 $ 4,491.60 $ 4,716.18 $ 44,343.05 $ 46,560.20 $ 48,888.21 $ 51,332.62 $ 53,899.25 $ 56,594.21 105 $ 21.85 $ 22.94 $ 24.09 $ 25.30 $ 26.56 $ 27.89 $ 1,748.14 $ 1,835.55 $ 1,927.32 $ 2,023.69 $ 2,124.87 $ 2,231.12 $ 3,787.64 $ 3,977.02 $ 4,175.87 $ 4,384.66 $ 4,603.89 $ 4,834.09 $ 45,451.62 $ 47,724.21 $ 50,110.42 $ 52,615.94 $ 55,246.73 $ 58,009.07 106 $ 22.40 $ 23.52 $ 24.69 $ 25.93 $ 27.22 $ 28.59 $ 1,791.84 $ 1,881.44 $ 1,975.51 $ 2,074.28 $ 2,178.00 $ 2,286.90 $ 3,882.33 $ 4,076.44 $ 4,280.26 $ 4,494.28 $ 4,718.99 $ 4,954.94 $ 46,587.91 $ 48,917.31 $ 51,363.18 $ 53,931.33 $ 56,627.90 $ 59,459.30 107 $ 22.96 $ 24.11 $ 25.31 $ 26.58 $ 27.91 $ 29.30 $ 1,836.64 $ 1,928.47 $ 2,024.89 $ 2,126.14 $ 2,232.45 $ 2,344.07 $ 3,979.38 $ 4,178.35 $ 4,387.27 $ 4,606.63 $ 4,836.97 $ 5,078.81 $ 47,752.61 $ 50,140.24 $ 52,647.26 $ 55,279.62 $ 58,043.60 $ 60,945.78 108 $ 23.53 $ 24.71 $ 25.94 $ 27.24 $ 28.60 $ 30.03 $ 1,882.55 $ 1,976.68 $ 2,075.52 $ 2,179.29 $ 2,288.26 $ 2,402.67 $ 4,078.87 $ 4,282.81 $ 4,496.95 $ 4,721.80 $ 4,957.89 $ 5,205.79 $ 48,946.43 $ 51,393.75 $ 53,963.44 $ 56,661.61 $ 59,494.69 $ 62,469.42 109 $ 24.12 $ 25.33 $ 26.59 $ 27.92 $ 29.32 $ 30.78 $ 1,929.62 $ 2,026.10 $ 2,127.40 $ 2,233.77 $ 2,345.46 $ 2,462.74 $ 4,180.84 $ 4,389.88 $ 4,609.38 $ 4,839.85 $ 5,081.84 $ 5,335.93 $ 50,170.09 $ 52,678.59 $ 55,312.52 $ 58,078.15 $ 60,982.06 $ 64,031.16 110 $ 24.72 $ 25.96 $ 27.26 $ 28.62 $ 30.05 $ 31.55 $ 1,977.86 $ 2,076.75 $ 2,180.59 $ 2,289.62 $ 2,404.10 $ 2,524.31 $ 4,285.36 $ 4,499.63 $ 4,724.61 $ 4,960.84 $ 5,208.88 $ 5,469.33 $ 51,424.34 $ 53,995.56 $ 56,695.34 $ 59,530.10 $ 62,506.61 $ 65,631.94 111 $ 25.34 $ 26.61 $ 27.94 $ 29.34 $ 30.80 $ 32.34 $ 2,027.31 $ 2,128.67 $ 2,235.10 $ 2,346.86 $ 2,464.20 $ 2,587.41 $ 4,392.50 $ 4,612.12 $ 4,842.73 $ 5,084.86 $ 5,339.11 $ 5,606.06 $ 52,709.95 $ 55,345.45 $ 58,112.72 $ 61,018.35 $ 64,069.27 $ 67,272.74 112 $ 25.97 $ 27.27 $ 28.64 $ 30.07 $ 31.57 $ 33.15 $ 2,077.99 $ 2,181.89 $ 2,290.98 $ 2,405.53 $ 2,525.81 $ 2,652.10 $ 4,502.31 $ 4,727.42 $ 4,963.79 $ 5,211.98 $ 5,472.58 $ 5,746.21 $ 54,027.70 $ 56,729.08 $ 59,565.54 $ 62,543.81 $ 65,671.00 $ 68,954.55 113 $ 26.62 $ 27.96 $ 29.35 $ 30.82 $ 32.36 $ 33.98 $ 2,129.94 $ 2,236.43 $ 2,348.26 $ 2,465.67 $ 2,588.95 $ 2,718.40 $ 4,614.87 $ 4,845.61 $ 5,087.89 $ 5,342.28 $ 5,609.40 $ 5,889.87 $ 55,378.39 $ 58,147.31 $ 61,054.68 $ 64,107.41 $ 67,312.78 $ 70,678.42 114 $ 27.29 $ 28.65 $ 30.09 $ 31.59 $ 33.17 $ 34.83 $ 2,183.19 $ 2,292.35 $ 2,406.96 $ 2,527.31 $ 2,653.68 $ 2,786.36 $ 4,730.24 $ 4,966.75 $ 5,215.09 $ 5,475.84 $ 5,749.63 $ 6,037.11 $ 56,762.85 $ 59,600.99 $ 62,581.04 $ 65,710.09 $ 68,995.60 $ 72,445.38 115 $ 27.97 $ 29.37 $ 30.84 $ 32.38 $ 34.00 $ 35.70 $ 2,237.77 $ 2,349.65 $ 2,467.14 $ 2,590.49 $ 2,720.02 $ 2,856.02 $ 4,848.49 $ 5,090.92 $ 5,345.46 $ 5,612.74 $ 5,893.37 $ 6,188.04 $ 58,181.92 $ 61,091.02 $ 64,145.57 $ 67,352.85 $ 70,720.49 $ 74,256.51 116 $ 28.67 $ 30.10 $ 31.61 $ 33.19 $ 34.85 $ 36.59 $ 2,293.71 $ 2,408.40 $ 2,528.82 $ 2,655.26 $ 2,788.02 $ 2,927.42 $ 4,969.71 $ 5,218.19 $ 5,479.10 $ 5,753.06 $ 6,040.71 $ 6,342.74 $ 59,636.47 $ 62,618.29 $ 65,749.21 $ 69,036.67 $ 72,488.50 $ 76,112.93 117 $ 29.39 $ 30.86 $ 32.40 $ 34.02 $ 35.72 $ 37.51 $ 2,351.05 $ 2,468.61 $ 2,592.04 $ 2,721.64 $ 2,857.72 $ 3,000.61 $ 5,093.95 $ 5,348.65 $ 5,616.08 $ 5,896.88 $ 6,191.73 $ 6,501.31 $ 61,127.38 $ 64,183.75 $ 67,392.94 $ 70,762.58 $ 74,300.71 $ 78,015.75 118 $ 30.12 $ 31.63 $ 33.21 $ 34.87 $ 36.61 $ 38.45 $ 2,409.83 $ 2,530.32 $ 2,656.84 $ 2,789.68 $ 2,929.16 $ 3,075.62 $ 5,221.30 $ 5,482.36 $ 5,756.48 $ 6,044.30 $ 6,346.52 $ 6,663.85 $ 62,655.57 $ 65,788.34 $ 69,077.76 $ 72,531.65 $ 76,158.23 $ 79,966.14 119 $ 30.88 $ 32.42 $ 34.04 $ 35.74 $ 37.53 $ 39.41 $ 2,470.08 $ 2,593.58 $ 2,723.26 $ 2,859.42 $ 3,002.39 $ 3,152.51 $ 5,351.83 $ 5,619.42 $ 5,900.39 $ 6,195.41 $ 6,505.18 $ 6,830.44 $ 64,221.95 $ 67,433.05 $ 70,804.71 $ 74,344.94 $ 78,062.19 $ 81,965.30 120 $ 31.65 $ 33.23 $ 34.89 $ 36.64 $ 38.47 $ 40.39 $ 2,531.83 $ 2,658.42 $ 2,791.34 $ 2,930.91 $ 3,077.45 $ 3,231.32 $ 5,485.63 $ 5,759.91 $ 6,047.90 $ 6,350.30 $ 6,667.81 $ 7,001.20 $ 65,827.50 $ 69,118.88 $ 72,574.82 $ 76,203.56 $ 80,013.74 $ 84,014.43 121 $ 32.44 $ 34.06 $ 35.76 $ 37.55 $ 39.43 $ 41.40 $ 2,595.12 $ 2,724.88 $ 2,861.12 $ 3,004.18 $ 3,154.39 $ 3,312.11 $ 5,622.77 $ 5,903.90 $ 6,199.10 $ 6,509.05 $ 6,834.51 $ 7,176.23 $ 67,473.19 $ 70,846.85 $ 74,389.19 $ 78,108.65 $ 82,014.09 $ 86,114.79 122 $ 33.25 $ 34.91 $ 36.66 $ 38.49 $ 40.42 $ 42.44 $ 2,660.00 $ 2,793.00 $ 2,932.65 $ 3,079.28 $ 3,233.25 $ 3,394.91 $ 5,763.34 $ 6,051.50 $ 6,354.08 $ 6,671.78 $ 7,005.37 $ 7,355.64 $ 69,160.02 $ 72,618.02 $ 76,248.92 $ 80,061.37 $ 84,064.44 $ 88,267.66 123 $ 34.08 $ 35.79 $ 37.57 $ 39.45 $ 41.43 $ 43.50 $ 2,726.50 $ 2,862.83 $ 3,005.97 $ 3,156.27 $ 3,314.08 $ 3,479.78 $ 5,907.42 $ 6,202.79 $ 6,512.93 $ 6,838.58 $ 7,180.50 $ 7,539.53 $ 70,889.02 $ 74,433.47 $ 78,155.15 $ 82,062.90 $ 86,166.05 $ 90,474.35 124 $ 34.93 $ 36.68 $ 38.51 $ 40.44 $ 42.46 $ 44.58 $ 2,794.66 $ 2,934.40 $ 3,081.12 $ 3,235.17 $ 3,396.93 $ 3,566.78 $ 6,055.10 $ 6,357.86 $ 6,675.75 $ 7,009.54 $ 7,360.02 $ 7,728.02 $ 72,661.25 $ 76,294.31 $ 80,109.02 $ 84,114.48 $ 88,320.20 $ 92,736.21 125 $ 35.81 $ 37.60 $ 39.48 $ 41.45 $ 43.52 $ 45.70 $ 2,864.53 $ 3,007.76 $ 3,158.14 $ 3,316.05 $ 3,481.85 $ 3,655.95 $ 6,206.48 $ 6,516.81 $ 6,842.65 $ 7,184.78 $ 7,544.02 $ 7,921.22 $ 74,477.78 $ 78,201.67 $ 82,111.75 $ 86,217.34 $ 90,528.20 $ 95,054.62 126 $ 36.70 $ 38.54 $ 40.46 $ 42.49 $ 44.61 $ 46.84 $ 2,936.14 $ 3,082.95 $ 3,237.10 $ 3,398.95 $ 3,568.90 $ 3,747.35 $ 6,361.64 $ 6,679.73 $ 7,013.71 $ 7,364.40 $ 7,732.62 $ 8,119.25 $ 76,339.72 $ 80,156.71 $ 84,164.54 $ 88,372.77 $ 92,791.41 $ 97,430.98 127 $ 37.62 $ 39.50 $ 41.48 $ 43.55 $ 45.73 $ 48.01 $ 3,009.55 $ 3,160.02 $ 3,318.03 $ 3,483.93 $ 3,658.12 $ 3,841.03 $ 6,520.68 $ 6,846.72 $ 7,189.05 $ 7,548.51 $ 7,925.93 $ 8,322.23 $ 78,248.22 $ 82,160.63 $ 86,268.66 $ 90,582.09 $ 95,111.20 $ 99,866.76 128 $ 38.56 $ 40.49 $ 42.51 $ 44.64 $ 46.87 $ 49.21 $ 3,084.79 $ 3,239.02 $ 3,400.98 $ 3,571.02 $ 3,749.58 $ 3,937.05 $ 6,683.70 $ 7,017.89 $ 7,368.78 $ 7,737.22 $ 8,124.08 $ 8,530.29 $ 80,204.42 $ 84,214.64 $ 88,425.37 $ 92,846.64 $ 97,488.98 $ 102,363.42 129 $ 39.52 $ 41.50 $ 43.58 $ 45.75 $ 48.04 $ 50.44 $ 3,161.91 $ 3,320.00 $ 3,486.00 $ 3,660.30 $ 3,843.32 $ 4,035.48 $ 6,850.79 $ 7,193.33 $ 7,553.00 $ 7,930.65 $ 8,327.18 $ 8,743.54 $ 82,209.53 $ 86,320.01 $ 90,636.01 $ 95,167.81 $ 99,926.20 $ 104,922.51 130 $ 40.51 $ 42.54 $ 44.66 $ 46.90 $ 49.24 $ 51.70 $ 3,240.95 $ 3,403.00 $ 3,573.15 $ 3,751.81 $ 3,939.40 $ 4,136.37 $ 7,022.06 $ 7,373.17 $ 7,741.83 $ 8,128.92 $ 8,535.36 $ 8,962.13 $ 84,264.77 $ 88,478.01 $ 92,901.91 $ 97,547.00 $ 102,424.35 $ 107,545.57 131 $ 41.52 $ 43.60 $ 45.78 $ 48.07 $ 50.47 $ 53.00 $ 3,321.98 $ 3,488.08 $ 3,662.48 $ 3,845.60 $ 4,037.88 $ 4,239.78 $ 7,197.62 $ 7,557.50 $ 7,935.37 $ 8,332.14 $ 8,748.75 $ 9,186.18 $ 86,371.39 $ 90,689.96 $ 95,224.46 $ 99,985.68 $ 104,984.96 $ 110,234.21 132 $ 42.56 $ 44.69 $ 46.93 $ 49.27 $ 51.74 $ 54.32 $ 3,405.03 $ 3,575.28 $ 3,754.04 $ 3,941.74 $ 4,138.83 $ 4,345.77 $ 7,377.56 $ 7,746.43 $ 8,133.76 $ 8,540.44 $ 8,967.47 $ 9,415.84 $ 88,530.67 $ 92,957.21 $ 97,605.07 $ 102,485.32 $ 107,609.59 $ 112,990.07 133 $ 43.63 $ 45.81 $ 48.10 $ 50.50 $ 53.03 $ 55.68 $ 3,490.15 $ 3,664.66 $ 3,847.89 $ 4,040.29 $ 4,242.30 $ 4,454.42 $ 7,562.00 $ 7,940.09 $ 8,337.10 $ 8,753.95 $ 9,191.65 $ 9,651.23 $ 90,743.94 $ 95,281.14 $ 100,045.19 $ 105,047.45 $ 110,299.83 $ 115,814.82 134 $ 44.72 $ 46.95 $ 49.30 $ 51.77 $ 54.35 $ 57.07 $ 3,577.41 $ 3,756.28 $ 3,944.09 $ 4,141.29 $ 4,348.36 $ 4,565.78 $ 7,751.04 $ 8,138.60 $ 8,545.53 $ 8,972.80 $ 9,421.44 $ 9,892.52 $ 93,012.54 $ 97,663.17 $ 102,546.32 $ 107,673.64 $ 113,057.32 $ 118,710.19 135 $ 45.84 $ 48.13 $ 50.53 $ 53.06 $ 55.71 $ 58.50 $ 3,666.84 $ 3,850.18 $ 4,042.69 $ 4,244.83 $ 4,457.07 $ 4,679.92 $ 7,944.82 $ 8,342.06 $ 8,759.17 $ 9,197.12 $ 9,656.98 $ 10,139.83 $ 95,337.85 $ 100,104.75 $ 105,109.98 $ 110,365.48 $ 115,883.76 $ 121,677.94 136 $ 46.98 $ 49.33 $ 51.80 $ 54.39 $ 57.11 $ 59.96 $ 3,758.51 $ 3,946.44 $ 4,143.76 $ 4,350.95 $ 4,568.49 $ 4,796.92 $ 8,143.44 $ 8,550.61 $ 8,978.14 $ 9,427.05 $ 9,898.40 $ 10,393.32 $ 97,721.30 $ 102,607.36 $ 107,737.73 $ 113,124.62 $ 118,780.85 $ 124,719.89 137 $ 48.16 $ 50.56 $ 53.09 $ 55.75 $ 58.53 $ 61.46 $ 3,852.47 $ 4,045.10 $ 4,247.35 $ 4,459.72 $ 4,682.71 $ 4,916.84 $ 8,347.03 $ 8,764.38 $ 9,202.60 $ 9,662.73 $ 10,145.86 $ 10,653.16 $ 100,164.33 $ 105,172.55 $ 110,431.18 $ 115,952.73 $ 121,750.37 $ 127,837.89 138 $ 49.36 $ 51.83 $ 54.42 $ 57.14 $ 60.00 $ 63.00 $ 3,948.79 $ 4,146.23 $ 4,353.54 $ 4,571.21 $ 4,799.77 $ 5,039.76 $ 8,555.70 $ 8,983.49 $ 9,432.66 $ 9,904.30 $ 10,399.51 $ 10,919.49 $ 102,668.44 $ 107,801.86 $ 113,191.95 $ 118,851.55 $ 124,794.13 $ 131,033.84 139 $ 50.59 $ 53.12 $ 55.78 $ 58.57 $ 61.50 $ 64.57 $ 4,047.51 $ 4,249.88 $ 4,462.38 $ 4,685.49 $ 4,919.77 $ 5,165.76 $ 8,769.60 $ 9,208.08 $ 9,668.48 $ 10,151.90 $ 10,659.50 $ 11,192.47 $ 105,235.15 $ 110,496.91 $ 116,021.75 $ 121,822.84 $ 127,913.98 $ 134,309.68 140 $ 51.86 $ 54.45 $ 57.17 $ 60.03 $ 63.03 $ 66.19 $ 4,148.69 $ 4,356.13 $ 4,573.93 $ 4,802.63 $ 5,042.76 $ 5,294.90 $ 8,988.84 $ 9,438.28 $ 9,910.19 $ 10,405.70 $ 10,925.99 $ 11,472.29 $ 107,866.03 $ 113,259.33 $ 118,922.30 $ 124,868.41 $ 131,111.83 $ 137,667.42 141 $ 53.16 $ 55.81 $ 58.60 $ 61.53 $ 64.61 $ 67.84 $ 4,252.41 $ 4,465.03 $ 4,688.28 $ 4,922.70 $ 5,168.83 $ 5,427.27 $ 9,213.56 $ 9,674.23 $ 10,157.95 $ 10,665.84 $ 11,199.14 $ 11,759.09 $ 110,562.68 $ 116,090.81 $ 121,895.36 $ 127,990.12 $ 134,389.63 $ 141,109.11 142 $ 54.48 $ 57.21 $ 60.07 $ 63.07 $ 66.23 $ 69.54 $ 4,358.72 $ 4,576.66 $ 4,805.49 $ 5,045.76 $ 5,298.05 $ 5,562.96 $ 9,443.90 $ 9,916.09 $ 10,411.89 $ 10,932.49 $ 11,479.11 $ 12,053.07 $ 113,326.75 $ 118,993.08 $ 124,942.74 $ 131,189.88 $ 137,749.37 $ 144,636.84 143 $ 55.85 $ 58.64 $ 61.57 $ 64.65 $ 67.88 $ 71.28 $ 4,467.69 $ 4,691.07 $ 4,925.63 $ 5,171.91 $ 5,430.50 $ 5,702.03 $ 9,679.99 $ 10,163.99 $ 10,672.19 $ 11,205.80 $ 11,766.09 $ 12,354.40 $ 116,159.92 $ 121,967.91 $ 128,066.31 $ 134,469.62 $ 141,193.10 $ 148,252.76 144 $ 57.24 $ 60.10 $ 63.11 $ 66.27 $ 69.58 $ 73.06 $ 4,579.38 $ 4,808.35 $ 5,048.77 $ 5,301.21 $ 5,566.27 $ 5,844.58 $ 9,921.99 $ 10,418.09 $ 10,939.00 $ 11,485.95 $ 12,060.24 $ 12,663.26 $ 119,063.91 $ 125,017.11 $ 131,267.97 $ 137,831.36 $ 144,722.93 $ 151,959.08 145 $ 58.67 $ 61.61 $ 64.69 $ 67.92 $ 71.32 $ 74.88 $ 4,693.87 $ 4,928.56 $ 5,174.99 $ 5,433.74 $ 5,705.42 $ 5,990.69 $ 10,170.04 $ 10,678.54 $ 11,212.47 $ 11,773.10 $ 12,361.75 $ 12,979.84 $ 122,040.51 $ 128,142.54 $ 134,549.66 $ 141,277.15 $ 148,341.00 $ 155,758.06 146 $ 60.14 $ 63.15 $ 66.30 $ 69.62 $ 73.10 $ 76.76 $ 4,811.21 $ 5,051.77 $ 5,304.36 $ 5,569.58 $ 5,848.06 $ 6,140.46 $ 10,424.29 $ 10,945.51 $ 11,492.78 $ 12,067.42 $ 12,670.79 $ 13,304.33 $ 125,091.52 $ 131,346.10 $ 137,913.41 $ 144,809.08 $ 152,049.53 $ 159,652.01 147 $ 61.64 $ 64.73 $ 67.96 $ 71.36 $ 74.93 $ 78.67 $ 4,931.49 $ 5,178.07 $ 5,436.97 $ 5,708.82 $ 5,994.26 $ 6,293.97 $ 10,684.90 $ 11,219.15 $ 11,780.10 $ 12,369.11 $ 12,987.56 $ 13,636.94 $ 128,218.81 $ 134,629.75 $ 141,361.24 $ 148,429.30 $ 155,850.77 $ 163,643.31

BIWEEKLY MONTHLY (ROUNDED) ANNUAL
3 of 4
DRAFT314

CITY OF GOLETA, CALIFORNIA

SALARY SCHEDULE AND CLASSIFICATION PLAN
FY 2023/24 AND FY 2024/25
Attachment 5 - Exhibit C
Adopted: 3/18/2025
Effective: 01/15/2025
Grade HOURLY
No. Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 1 Step 2 Step 3 Step 4 Step 5 Step 6

BIWEEKLY MONTHLY (ROUNDED) ANNUAL
148 $ 63.18 $ 66.34 $ 69.66 $ 73.14 $ 76.80 $ 80.64 $ 5,054.78 $ 5,307.52 $ 5,572.90 $ 5,851.54 $ 6,144.12 $ 6,451.32 $ 10,952.02 $ 11,499.62 $ 12,074.61 $ 12,678.34 $ 13,312.25 $ 13,977.87 $ 131,424.28 $ 137,995.50 $ 144,895.27 $ 152,140.04 $ 159,747.04 $ 167,734.39 149 $ 64.76 $ 68.00 $ 71.40 $ 74.97 $ 78.72 $ 82.66 $ 5,181.15 $ 5,440.21 $ 5,712.22 $ 5,997.83 $ 6,297.72 $ 6,612.61 $ 11,225.82 $ 11,787.12 $ 12,376.47 $ 12,995.29 $ 13,645.06 $ 14,327.31 $ 134,709.89 $ 141,445.38 $ 148,517.65 $ 155,943.54 $ 163,740.71 $ 171,927.75 150 $ 66.38 $ 69.70 $ 73.19 $ 76.85 $ 80.69 $ 84.72 $ 5,310.68 $ 5,576.21 $ 5,855.02 $ 6,147.77 $ 6,455.16 $ 6,777.92 $ 11,506.47 $ 12,081.79 $ 12,685.88 $ 13,320.18 $ 13,986.19 $ 14,685.50 $ 138,077.64 $ 144,981.52 $ 152,230.60 $ 159,842.12 $ 167,834.23 $ 176,225.94 151 $ 68.04 $ 71.45 $ 75.02 $ 78.77 $ 82.71 $ 86.84 $ 5,443.45 $ 5,715.62 $ 6,001.40 $ 6,301.47 $ 6,616.54 $ 6,947.37 $ 11,794.13 $ 12,383.84 $ 13,003.03 $ 13,653.18 $ 14,335.84 $ 15,052.63 $ 141,529.58 $ 148,606.06 $ 156,036.36 $ 163,838.18 $ 172,030.09 $ 180,631.59 152 $ 69.74 $ 73.23 $ 76.89 $ 80.74 $ 84.77 $ 89.01 $ 5,579.53 $ 5,858.51 $ 6,151.43 $ 6,459.01 $ 6,781.96 $ 7,121.05 $ 12,088.98 $ 12,693.43 $ 13,328.11 $ 13,994.51 $ 14,694.24 $ 15,428.95 $ 145,067.82 $ 152,321.21 $ 159,937.27 $ 167,934.13 $ 176,330.84 $ 185,147.38 153 $ 71.49 $ 75.06 $ 78.82 $ 82.76 $ 86.89 $ 91.24 $ 5,719.02 $ 6,004.97 $ 6,305.22 $ 6,620.48 $ 6,951.50 $ 7,299.08 $ 12,391.21 $ 13,010.77 $ 13,661.31 $ 14,344.37 $ 15,061.59 $ 15,814.67 $ 148,694.51 $ 156,129.24 $ 163,935.70 $ 172,132.49 $ 180,739.11 $ 189,776.07 154 $ 73.27 $ 76.94 $ 80.79 $ 84.82 $ 89.07 $ 93.52 $ 5,862.00 $ 6,155.09 $ 6,462.85 $ 6,785.99 $ 7,125.29 $ 7,481.56 $ 12,700.99 $ 13,336.04 $ 14,002.84 $ 14,702.98 $ 15,438.13 $ 16,210.04 $ 152,411.88 $ 160,032.47 $ 168,034.09 $ 176,435.80 $ 185,257.59 $ 194,520.47 155 $ 75.11 $ 78.86 $ 82.81 $ 86.95 $ 91.29 $ 95.86 $ 6,008.55 $ 6,308.97 $ 6,624.42 $ 6,955.64 $ 7,303.42 $ 7,668.60 $ 13,018.51 $ 13,669.44 $ 14,352.91 $ 15,070.56 $ 15,824.09 $ 16,615.29 $ 156,222.17 $ 164,033.28 $ 172,234.95 $ 180,846.69 $ 189,889.03 $ 199,383.48 156 $ 76.98 $ 80.83 $ 84.88 $ 89.12 $ 93.58 $ 98.25 $ 6,158.76 $ 6,466.70 $ 6,790.03 $ 7,129.53 $ 7,486.01 $ 7,860.31 $ 13,343.98 $ 14,011.18 $ 14,711.73 $ 15,447.32 $ 16,219.69 $ 17,030.67 $ 160,127.73 $ 168,134.11 $ 176,540.82 $ 185,367.86 $ 194,636.25 $ 204,368.07 157 $ 78.91 $ 82.85 $ 87.00 $ 91.35 $ 95.91 $ 100.71 $ 6,312.73 $ 6,628.36 $ 6,959.78 $ 7,307.77 $ 7,673.16 $ 8,056.82 $ 13,677.58 $ 14,361.46 $ 15,079.53 $ 15,833.50 $ 16,625.18 $ 17,456.44 $ 164,130.92 $ 172,337.47 $ 180,954.34 $ 190,002.06 $ 199,502.16 $ 209,477.27 158 $ 80.88 $ 84.93 $ 89.17 $ 93.63 $ 98.31 $ 103.23 $ 6,470.55 $ 6,794.07 $ 7,133.78 $ 7,490.47 $ 7,864.99 $ 8,258.24 $ 14,019.52 $ 14,720.49 $ 15,456.52 $ 16,229.34 $ 17,040.81 $ 17,892.85 $ 168,234.19 $ 176,645.90 $ 185,478.20 $ 194,752.11 $ 204,489.71 $ 214,714.20 159 $ 82.90 $ 87.05 $ 91.40 $ 95.97 $ 100.77 $ 105.81 $ 6,632.31 $ 6,963.93 $ 7,312.12 $ 7,677.73 $ 8,061.61 $ 8,464.69 $ 14,370.00 $ 15,088.50 $ 15,842.93 $ 16,635.08 $ 17,466.83 $ 18,340.17 $ 172,440.05 $ 181,062.05 $ 190,115.15 $ 199,620.91 $ 209,601.96 $ 220,082.05 160 $ 84.98 $ 89.23 $ 93.69 $ 98.37 $ 103.29 $ 108.45 $ 6,798.12 $ 7,138.02 $ 7,494.92 $ 7,869.67 $ 8,263.15 $ 8,676.31 $ 14,729.25 $ 15,465.72 $ 16,239.00 $ 17,050.95 $ 17,903.50 $ 18,798.68 $ 176,751.05 $ 185,588.60 $ 194,868.03 $ 204,611.43 $ 214,842.01 $ 225,584.11 161 $ 87.10 $ 91.46 $ 96.03 $ 100.83 $ 105.87 $ 111.17 $ 6,968.07 $ 7,316.47 $ 7,682.30 $ 8,066.41 $ 8,469.73 $ 8,893.22 $ 15,097.49 $ 15,852.36 $ 16,644.98 $ 17,477.23 $ 18,351.09 $ 19,268.64 $ 181,169.83 $ 190,228.32 $ 199,739.73 $ 209,726.72 $ 220,213.06 $ 231,223.71 162 $ 89.28 $ 93.74 $ 98.43 $ 103.35 $ 108.52 $ 113.94 $ 7,142.27 $ 7,499.39 $ 7,874.35 $ 8,268.07 $ 8,681.48 $ 9,115.55 $ 15,474.92 $ 16,248.67 $ 17,061.10 $ 17,914.16 $ 18,809.87 $ 19,750.36 $ 185,699.07 $ 194,984.02 $ 204,733.23 $ 214,969.89 $ 225,718.38 $ 237,004.30 163 $ 91.51 $ 96.09 $ 100.89 $ 105.93 $ 111.23 $ 116.79 $ 7,320.83 $ 7,686.87 $ 8,071.21 $ 8,474.77 $ 8,898.51 $ 9,343.44 $ 15,861.80 $ 16,654.89 $ 17,487.63 $ 18,362.01 $ 19,280.11 $ 20,244.12 $ 190,341.55 $ 199,858.63 $ 209,851.56 $ 220,344.13 $ 231,361.34 $ 242,929.41 164 $ 93.80 $ 98.49 $ 103.41 $ 108.58 $ 114.01 $ 119.71 $ 7,503.85 $ 7,879.04 $ 8,272.99 $ 8,686.64 $ 9,120.98 $ 9,577.02 $ 16,258.34 $ 17,071.26 $ 17,924.82 $ 18,821.06 $ 19,762.11 $ 20,750.22 $ 195,100.09 $ 204,855.09 $ 215,097.85 $ 225,852.74 $ 237,145.37 $ 249,002.64 165 $ 96.14 $ 100.95 $ 106.00 $ 111.30 $ 116.86 $ 122.71 $ 7,691.45 $ 8,076.02 $ 8,479.82 $ 8,903.81 $ 9,349.00 $ 9,816.45 $ 16,664.80 $ 17,498.04 $ 18,372.94 $ 19,291.59 $ 20,256.17 $ 21,268.98 $ 199,977.59 $ 209,976.47 $ 220,475.29 $ 231,499.06 $ 243,074.01 $ 255,227.71 166 $ 98.55 $ 103.47 $ 108.65 $ 114.08 $ 119.78 $ 125.77 $ 7,883.73 $ 8,277.92 $ 8,691.81 $ 9,126.41 $ 9,582.73 $ 10,061.86 $ 17,081.42 $ 17,935.49 $ 18,832.26 $ 19,773.88 $ 20,762.57 $ 21,800.70 $ 204,977.03 $ 215,225.88 $ 225,987.17 $ 237,286.53 $ 249,150.86 $ 261,608.40 167 $ 101.01 $ 106.06 $ 111.36 $ 116.93 $ 122.78 $ 128.92 $ 8,080.83 $ 8,484.87 $ 8,909.11 $ 9,354.57 $ 9,822.29 $ 10,313.41 $ 17,508.45 $ 18,383.88 $ 19,303.07 $ 20,268.22 $ 21,281.64 $ 22,345.72 $ 210,101.45 $ 220,606.53 $ 231,636.85 $ 243,218.70 $ 255,379.63 $ 268,148.61 168 $ 103.54 $ 108.71 $ 114.15 $ 119.86 $ 125.85 $ 132.14 $ 8,282.85 $ 8,696.99 $ 9,131.84 $ 9,588.43 $ 10,067.85 $ 10,571.24 $ 17,946.17 $ 18,843.47 $ 19,785.65 $ 20,774.93 $ 21,813.68 $ 22,904.36 $ 215,353.99 $ 226,121.69 $ 237,427.77 $ 249,299.16 $ 261,764.12 $ 274,852.33 169 $ 106.12 $ 111.43 $ 117.00 $ 122.85 $ 128.99 $ 135.44 $ 8,489.92 $ 8,914.41 $ 9,360.13 $ 9,828.14 $ 10,319.55 $ 10,835.52 $ 18,394.82 $ 19,314.56 $ 20,280.29 $ 21,294.30 $ 22,359.02 $ 23,476.97 $ 220,737.84 $ 231,774.73 $ 243,363.47 $ 255,531.64 $ 268,308.22 $ 281,723.64 170 $ 108.78 $ 114.22 $ 119.93 $ 125.92 $ 132.22 $ 138.83 $ 8,702.16 $ 9,137.27 $ 9,594.14 $ 10,073.84 $ 10,577.54 $ 11,106.41 $ 18,854.69 $ 19,797.43 $ 20,787.30 $ 21,826.66 $ 22,917.99 $ 24,063.89 $ 226,256.29 $ 237,569.10 $ 249,447.56 $ 261,919.93 $ 275,015.93 $ 288,766.73 171 $ 111.50 $ 117.07 $ 122.92 $ 129.07 $ 135.52 $ 142.30 $ 8,919.72 $ 9,365.70 $ 9,833.99 $ 10,325.69 $ 10,841.97 $ 11,384.07 $ 19,326.06 $ 20,292.36 $ 21,306.98 $ 22,372.33 $ 23,490.94 $ 24,665.49 $ 231,912.69 $ 243,508.33 $ 255,683.74 $ 268,467.93 $ 281,891.33 $ 295,985.90 172 $ 114.28 $ 120.00 $ 126.00 $ 132.30 $ 138.91 $ 145.86 $ 9,142.71 $ 9,599.85 $ 10,079.84 $ 10,583.83 $ 11,113.02 $ 11,668.67 $ 19,809.21 $ 20,799.67 $ 21,839.65 $ 22,931.64 $ 24,078.22 $ 25,282.13 $ 237,710.51 $ 249,596.04 $ 262,075.84 $ 275,179.63 $ 288,938.61 $ 303,385.54 173 $ 117.14 $ 123.00 $ 129.15 $ 135.61 $ 142.39 $ 149.50 $ 9,371.28 $ 9,839.84 $ 10,331.84 $ 10,848.43 $ 11,390.85 $ 11,960.39 $ 20,304.44 $ 21,319.66 $ 22,385.64 $ 23,504.93 $ 24,680.17 $ 25,914.18 $ 243,653.27 $ 255,835.94 $ 268,627.73 $ 282,059.12 $ 296,162.08 $ 310,970.18 174 $ 120.07 $ 126.07 $ 132.38 $ 139.00 $ 145.95 $ 153.24 $ 9,605.56 $ 10,085.84 $ 10,590.13 $ 11,119.64 $ 11,675.62 $ 12,259.40 $ 20,812.05 $ 21,852.65 $ 22,945.29 $ 24,092.55 $ 25,297.18 $ 26,562.04 $ 249,744.61 $ 262,231.84 $ 275,343.43 $ 289,110.60 $ 303,566.13 $ 318,744.44 175 $ 123.07 $ 129.22 $ 135.69 $ 142.47 $ 149.59 $ 157.07 $ 9,845.70 $ 10,337.99 $ 10,854.89 $ 11,397.63 $ 11,967.51 $ 12,565.89 $ 21,332.35 $ 22,398.97 $ 23,518.92 $ 24,694.86 $ 25,929.61 $ 27,226.09 $ 255,988.22 $ 268,787.63 $ 282,227.01 $ 296,338.36 $ 311,155.28 $ 326,713.05 176 $ 126.15 $ 132.46 $ 139.08 $ 146.03 $ 153.33 $ 161.00 $ 10,091.84 $ 10,596.44 $ 11,126.26 $ 11,682.57 $ 12,266.70 $ 12,880.03 $ 21,865.66 $ 22,958.94 $ 24,106.89 $ 25,312.24 $ 26,577.85 $ 27,906.74 $ 262,387.93 $ 275,507.32 $ 289,282.69 $ 303,746.82 $ 318,934.16 $ 334,880.87 177 $ 129.30 $ 135.77 $ 142.56 $ 149.68 $ 157.17 $ 165.03 $ 10,344.14 $ 10,861.35 $ 11,404.41 $ 11,974.63 $ 12,573.37 $ 13,202.03 $ 22,412.30 $ 23,532.92 $ 24,709.56 $ 25,945.04 $ 27,242.29 $ 28,604.41 $ 268,947.62 $ 282,395.01 $ 296,514.76 $ 311,340.49 $ 326,907.52 $ 343,252.89 178 $ 132.53 $ 139.16 $ 146.12 $ 153.43 $ 161.10 $ 169.15 $ 10,602.74 $ 11,132.88 $ 11,689.52 $ 12,274.00 $ 12,887.70 $ 13,532.09 $ 22,972.61 $ 24,121.24 $ 25,327.30 $ 26,593.67 $ 27,923.35 $ 29,319.52 $ 275,671.32 $ 289,454.88 $ 303,927.62 $ 319,124.01 $ 335,080.21 $ 351,834.22 179 $ 135.85 $ 142.64 $ 149.77 $ 157.26 $ 165.12 $ 173.38 $ 10,867.81 $ 11,411.20 $ 11,981.76 $ 12,580.85 $ 13,209.89 $ 13,870.39 $ 23,546.92 $ 24,724.27 $ 25,960.48 $ 27,258.51 $ 28,621.43 $ 30,052.51 $ 282,563.10 $ 296,691.25 $ 311,525.82 $ 327,102.11 $ 343,457.21 $ 360,630.07 180 $ 139.24 $ 146.21 $ 153.52 $ 161.19 $ 169.25 $ 177.71 $ 11,139.51 $ 11,696.48 $ 12,281.31 $ 12,895.37 $ 13,540.14 $ 14,217.15 $ 24,135.60 $ 25,342.38 $ 26,609.50 $ 27,939.97 $ 29,336.97 $ 30,803.82 $ 289,627.18 $ 304,108.53 $ 319,313.96 $ 335,279.66 $ 352,043.64 $ 369,645.82 4 of 4
DRAFT315
ATTACHMENT 6:

Fiscal Year 2024/25 Second Quarter
Financial Review Presentation
DRAFT 316
Fiscal Year 2024/25
Second Quarter
Financial Review
City Council Meeting
March 18, 2025
Presentation by:

Luke Rioux, Finance Director
DRAFT317
General Fund Budget Summary
March 18, 2025 City of Goleta – FY 2024/25 Second Quarter Financial Review 2  FY 24/25 Adopted Budget at $51.4 Million
 FY 24/25 Current Budget at $74.9 Million
 Includes FY 23/24 final carryover of $19.6 million
 New appropriations since July 1, approximately $3.9 million  Recommending revenue adjustments of $11.7 K
Category
2023/24
Actuals
2024/25
Adopted Budget
2024/25
Current Budget
Recommended
Amendments
2024/25
Amended Budget
Revenues and Other Sources $ 45,613,120 $ 49,924,350 $ 51,086,733 $ 11,700 $ 51,098,433 Operating Expenditures $ 38,289,351 $ 49,439,240 $ 56,923,034 $ - $ 56,923,034 Capital Expenditures $ 2,077,239 $ 2,001,900 $ 18,020,120 $ - $ 18,020,120 Total Expenditures $ 40,366,590 $ 51,441,140 $ 74,943,154 $ - $ 74,943,154 Net Change to Fund Balance $ 5,246,530 $ (1,516,790) $ (23,856,421) $ 11,700 $ (23,844,721) Beginning Fund Balance $ 39,483,690 $ 44,615,788 $ 44,615,788 $ - $ 44,615,788 Ending Fund Balance $ 44,730,221 $ 43,098,998 $ 20,759,367 $ 11,700 $ 20,771,067 DRAFT318
Summary of Revenue Adjustments
March 18, 2025 City of Goleta – FY 2024/25 Second Quarter Financial Review 3 (1)
Property Taxes 9,793,500 - 9,793,500 2,429,765 25% - 9,793,500 Sales Taxes 9,026,800 - 9,026,800 3,282,430 36% - 9,026,800 Transaction and Use Tax 11,000,000 - 11,000,000 3,961,996 36% - 11,000,000 Transient Occupancy Tax 13,800,000 - 13,800,000 6,103,526 44% - 13,800,000 Cannabis Tax 630,000 - 630,000 193,554 31% - 630,000
Franchise Fee 1,681,050 - 1,681,050 399,510 24% - 1,681,050 License & Service Charges 2,279,000 942,400 3,221,400 1,467,056 46% 11,700 3,233,100 Fines & Penalties 166,500 - 166,500 84,356 51% - 166,500 Interest & Rent Income 1,030,000 - 1,030,000 775,988 75% - 1,030,000 Reimbursements 342,900 - 342,900 220,067 64% - 342,900
Other Revenues 120,500 250,000 370,500 152,780 41% - 370,500 Other Sources 54,100 (30,017) 24,083 5,236 22% - 24,083 Total Revenues 49,924,350 1,162,383 51,086,733 19,076,263 37% 11,700 51,098,433 General Fund Statement of Revenue and Expenditures
City of Goleta
Amended Budget Recommended
Revisions Original Budget Prior Revisions Current Budget 12/31/2024Actuals % of Budget Budget to Actual Comparison
For the Quarter Ended December 31, 2024
Revenues
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Summary of Expenditure Adjustments
March 18, 2025 City of Goleta – FY 2024/25 Second Quarter Financial Review 4 General Government 7,124,940 123,855 7,248,795 3,234,078 45% - 7,248,795 General Services 3,925,900 656,988 4,582,888 1,685,285 37% - 4,582,888 Library 679,400 75,308 754,708 266,342 35% - 754,708
Finance 2,069,000 - 2,069,000 861,102 42% - 2,069,000
Planning & Env. Review 5,570,500 883,730 6,454,230 1,865,722 29% - 6,454,230 Public Works 14,281,100 5,720,555 20,001,655 4,663,235 23% - 20,001,655 Neighborhood Services 3,345,400 23,358 3,368,758 1,281,094 38% - 3,368,758 Public Safety 11,548,800 - 11,548,800 4,884,826 42% - 11,548,800 Non-Departmental 894,200 - 894,200 37,989 4% - 894,200
Capital Improvement Projects 2,001,900 16,018,220 18,020,120 885,729 5% - 18,020,120 Total Expenditures 51,441,140 23,502,014 74,943,154 19,665,401 26% - 74,943,154 Expenditures Original Budget Prior Revisions Current Budget % of Budget Amended Budget 12/31/2024 Actuals
Recommended
Revisions
General Fund Statement of Revenue and Expenditures
City of Goleta
Budget to Actual Comparison
For the Quarter Ended December 31, 2024
DRAFT320
Personnel Updates
March 18, 2025 City of Goleta – FY 2024/25 Second Quarter Financial Review 5 Department Program Title FTE
Change
Net
Change
Annualize
d Cost
General
Government
City Attorney’s Office Program reclassification for the Human Resources Technician
position
-0.5 $0
General
Government
Human Resources
Department
Program reclassification for the Human
Resources Technician position

0.5 $0
Total 0.0 $0
DRAFT321
Personnel Updates
March 18, 2025 City of Goleta – FY 2024/25 Second Quarter Financial Review 6  Schedule of Authorized Positions Updates
 Salary Schedule Updates
DRAFT322
Fund Balance and Reserves
March 18, 2025 City of Goleta – FY 2024/25 Second Quarter Financial Review 7 Classification
FY 23/24
Ending Fund
Balance Increase Decrease
FY 24/25
Est. Ending Fund
Balance
Recommended
Budget/Reserve
Adjustments
FY 24/25 Revised
Est. Ending Fund
Balance
Prepaids and Deposit 92,635 (92,635) (0) 0 -
City Hall Solar Removal 94,500 94,500 94,500
Public Facilities/Building
Maintenance 756,993 243,674 1,000,667 1,000,667
Capital Equipment 832,388 832,388 - 832,388
Compensated Leave 515,169 515,169 - 515,169
Risk Management 200,000 200,000 200,000
Litigation Defense Fund 600,000 600,000 600,000
Contingency 14,473,766 (492,376) 13,981,390 13,981,390
Street Maintenance - - -
Sustainability - - -

OPEB UAL - - -
CalPERS Pension UAL - - -
Sherrif's Contract - 150,000 150,000 150,000
CIP Project Funding (Next Year) - 2,423,700 2,423,700 2,423,700 IT Reserve 160,000 157,582 (151,008) 166,574 166,574
CIP Project Funding (Prior Year) 14,295,683 (14,295,683) - - Encumbrances 5,319,486 (5,319,486) - -
FMV Adjustment 412,596 (306,075) 106,521 106,521
Unassigned Fund Balance -
Adjustment for FY 24/25 5,281,900 (4,881,900) 400,000 400,000 Unassigned Fund Balance 1,580,672 - (1,292,214) 288,458 11,700 300,158 Total Fund Balance 44,615,787.97 $ 2,482,580 $ (26,339,001) $ 20,759,367 $ 11,700 $ 20,771,067 DRAFT323
Capital Improvement Program (CIP) and
Other Special Revenue Funds
March 18, 2025 City of Goleta – FY 2024/25 Second Quarter Financial Review 8  Special revenue funds evaluated and provided in summary (Attachment 3)  CIP Summary by project reviewed for adequate funds (Attachment 4)  CIP budget balances for all funds have been reviewed for carryovers and posted  Various recommended adjustments to special revenue funds, details can be seen in Attachment 5 – Exhibit A.

DRAFT324
Looking Ahead
March 18, 2025 City of Goleta – FY 2024/25 Second Quarter Financial Review 9 Tentative Dates Description
May 6, 2025
Council Meeting
FY 24/25 Third Quarter Financial Review
September 16, 2025
Council Meeting
FY 24/25 Fourth Quarter Financial Review
DRAFT325
ITEM IV:

Fund Balance and Reserves
326

MEMORANDUM
DATE: March 10, 2025
TO: Finance and Audit Standing Committee
FROM: Luke Rioux, Finance Director
SUBJECT: Fund Balance and Reserves
BACKGROUND:

The purpose of this item is to provide the Finance and Audit Standing Committee with a review of the City’s fund balance and reserve policies, along with an update on reserves currently under development. This memorandum provides a high-level summary, and the policies will be discussed in greater detail during the meeting.

DISCUSSION:

The City Council has adopted a Fund Balance Policy (GASB 54) to ensure compliance with Governmental Accounting Standards Board (GASB) Statement No. 54, which provides clear definitions and classifications of fund balance categories. The policy ensures financial transparency, prevents overstatement of available resources, and guides the City’s longterm fiscal management.

Additionally, the City has adopted various reserve policies over the years, including the Contingency Reserve Policy, which serves as the primary financial safeguard for unexpected economic disruptions, emergencies, and strategic opportunities.

To provide context:
• Attachment 1 – Fund Balance Policy (GASB 54), which outlines the classification of fund balances, including nonspendable, restricted, committed, assigned, and unassigned fund balance categories.
• Attachment 2 – Contingency Reserve Policy, which establishes a required minimum reserve of 33% of ongoing General Fund expenditures and provides guidance on its appropriate use.
• Attachment 3 – Summary of the City's current General Fund Reserves, estimated balances, and details for each reserve category.
327
ATTACHMENTS:

1. Fund Balance Policy – GASB 54

2. Contingency Reserve Policy

3. Fund Balance and Reserve Table
328

CITY OF GOLETA
Fund Balance Policy – GASB 54

PURPOSE
The policy is in place to provide a measure of protection for the City against unforeseen circumstances and to comply with GASB Statement No. 54. No other policy or procedure supersedes the authority and provisions of this policy.

The Fund Balance Policy establishes the procedures for reporting unrestricted fund balance in the City’s financial statements. The policy also authorizes and directs the Finance Director to prepare financial reports which accurately categorize fund balance as per Governmental Accounting Standards Board (GASB) Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions.

PROCEDURES
Fund balance is essentially the difference between the assets and liabilities reported in a governmental fund. There are five separate components of fund balance, each of which identifies the extent to which the City is bound to honor constraints on the specific purpose for which amounts can be spent.
x Nonspendable fund balance (inherently nonspendable)
x Restricted fund balance (externally enforceable limitations on use) x Committed fund balance (self –imposed limitations on use) x Assigned fund balance (limitation resulting from intended use) x Unassigned fund balance (residual net resources)
The first two components listed above are addressed in this policy due to the nature of their restrictions. Examples of nonspendable fund balance are inventory and land assets. Restricted fund balance is either imposed by law or constrained by grantors, contributors, or laws or regulators of other governments. Examples of these are all special funds, endowments, trust, etc.

This policy is focused on financial reporting of unrestricted fund balance, or the last three components listed above. These three components are further defined below.

Committed Fund Balance
The City Council, as the City’s highest level of decision-making authority, may commit fund balance for specific purpose pursuant to constraints imposed by formal actions taken, such as an ordinance or resolution. These committed amounts cannot be used for any other purpose unless the City Council removes or changes the specified use Attachment 1
329
2 through the same type of formal action taken to establish the commitment. City Council action to commit fund balance needs to occur within the fiscal reporting period; however the amount can be determined subsequently.

The City of Goleta has identified the following examples of reserves that fall within the classification of Committed Fund Balance:
x General Fund Contingency
x Compensated Leave
x Capital Equipment
x Building Maintenance
x Risk Management Reserve
x City Hall Acquisition
x Litigation
Encumbrances which are the obligation of funds via contract, agreement, purchase order or other legally binding means are another example of Committed Fund Balance.

Assigned Fund Balance
Amounts that are constrained by the City’s intent to be used for specific purposes, but are neither restricted nor committed, should be reported as assigned fund balance.

This policy hereby delegates the authority to assign amounts to be used for specific purposes to the Finance Director for the purpose of reporting these amounts in the annual financial statements. A couple examples of Assigned Fund Balance would be Continuing Appropriations/Carry-Overs and Debt Service.

Unassigned Fund Balance
These are residual positive net resources of the general fund in excess of what can properly be classified in one of other four categories. An example would be the City’s Unassigned Reserve, which was setup to account for the General Fund balances beyond the funding levels of the other reserves.

Overall Fund Balance Classification
It is the City’s accounting policy to charge expenses to restricted funds first, when both restricted and unrestricted fund balances are available for use. Similarly, when an expenditure is incurred in which amounts of the unrestricted classification of fund balance could be used, the City considers committed amounts to be reduced first, followed by assigned amounts and then unassigned amounts. 330

CITY OF GOLETA
Contingency Reserve Policy

PURPOSE
The purpose of this policy is to establish general guidelines for the establishment, maintenance and use of a contingency reserve. This reserve will generate investment income, provide a margin of safety and stability to protect the City from exposure to catastrophic events and economic impacts and provide flexibility to pursue emergent opportunities.

POLICY
The Contingency Reserve Policy requires that a minimum balance of 33% of allocated General Fund ongoing expenditures be maintained in any given year. The contingency reserve balance should be reported annually with fund transfers to be made annually prior to the closing of the fiscal year.

INTENDED USES FOR RESERVE
x Interruptions in cash inflows
Examples include the State holding back on or altering tax disbursements, loss of sales tax receipts of a one time nature, or a significant economic slowdown. If the cash inflow interruption is of an ongoing nature, reserve use is limited to a consecutive two-year period, not to exceed 40% of the beginning reserve balance.
x Emergencies
In the event of an emergency or disaster such as earthquakes, fires, floods or other such emergencies, the entire balance may be used to temporarily fund recovery costs. It is understood that all aide assistance options will be sought to fund recovery efforts or reimbursement of the Contingency Reserve for fronting of recovery costs.
x Capital Acquisitions
Up to one-third of the Contingency Reserve balance may be used to finance capital acquisitions, as long as a repayment plan is approved. The repayment plan must be financially feasible based on the City’s adopted Long-Term Financial Forecast. Alternative financing options shall be presented for consideration along with the use of the Contingency Reserve.

Attachment 2
331
2 x Emergent Opportunities
Up to one-third of the Contingency Reserve balance may be used to finance opportunities that directly benefit the City in a variety of ways. These include, yet are not limited to, creating, enhancing, or preserving revenue streams, or otherwise strengthening the City’s financial performance.

OTHER CRITERIA FOR USE
A majority vote from the City Council is required to determine that it is necessary to use the Contingency Reserve for any of the uses listed above.

With the exception of the emergency scenario, the reserve contingency balance allocated for other intended uses shall not exceed 50% of the required balance in any given year.

REPLENISHMENT PLAN
Unless a repayment plan is pre-established at the time reserves are allocated, Staff shall bring for Council consideration a replenishment plan, within 60-days of allocation from the reserve. It would be Council’s expectation that every effort would be made to replenish the reserve as soon as it is financially feasible and practical to do so.

If the reserve cannot be replenished by the next annual budget, a repayment plan not to exceed five years should be approved by council by a majority vote. 332
Summary of General Fund Reserves
Summary of General Fund Reserves The following outlines the policies for each General Fund Reserve classification:
• Prepaids and Deposits: Set annually at year-end based on the required funds to be held.• City Hall Solar Removal: Maintained per the lease financing agreement and power purchase agreement requirements. The amount is based on estimated future removal costs.

Fund Balance Classification Reserve Category Name
FY 23/24
Ending Fund
Balance Increase Decrease
FY 24/25
Est. Ending Fund
Balance
Recommended
Budget/Reserve
Adjustments
FY 24/25 Revised
Est. Ending Fund
Balance
Non-spendable Prepaids and Deposit 92,635 (92,635) (0) 0 - Committed City Hall Solar Removal 94,500 94,500 94,500 Committed Facilities Capital Reserve and Building Maintenance 756,993 243,674 1,000,667 1,000,667 Committed Capital Equipment 832,388 832,388 - 832,388
Committed Compensated Leave 515,169 515,169 - 515,169
Committed Risk Management 200,000 200,000 200,000
Committed Litigation Defense Fund 600,000 600,000 600,000 Committed Contingency 14,473,766 (492,376) 13,981,390 13,981,390Committed Street Maintenance - - - Committed Sustainability - - - Assigned OPEB UAL - - - Assigned CalPERS Pension UAL - - - Assigned Sherrif's Contract 150,000 - 150,000 150,000
Assigned IT Reserve 160,000 157,582 (151,008) 166,574 166,574 Assigned CIP Project Funding (Next Year) 2,423,700 - 2,423,700 2,423,700 Assigned CIP Project Funding (Prior Year) 14,295,683 (14,295,683) - - Assigned Encumbrances 5,319,486 (5,319,486) - -
Assigned FMV Adjustment 412,596 (306,075) 106,521 106,521 Unassigned Unassigned Fund Balance - Adjustment for FY 24/25 5,281,900 (4,881,900) 400,000 400,000 Unassigned Unassigned Fund Balance 1,580,672 - (1,292,214) 288,458 11,700 300,158 Total Fund Balance 44,615,788 $ 2,482,580 $ (26,339,001) $ 20,759,367 $ 11,700 $ 20,771,067 DRAFT Note: Amounts are based on current estimates as of March 7, 2025 Attachment 3 333
• Facilities Capital Reserve/Building Maintenance: Initially established with a $100,000 annual allocation for building maintenance. Since FY 2016/17, funds have been appropriated annually for maintenance needs. Over time, the City has assumed full responsibility for its asset conditions, necessitating a dedicated reserve for facility maintenance. A funding policy is currently under development to ensure sufficient funding for maintenance, repairs, and system replacements, and will be brought back to the Finance Committee for further discussion later this year as part of the preliminary operating budget review. • Capital Equipment: Set based on accumulated depreciation levels from the City's fixed asset schedule, primarily covering vehicle replacements.
• Compensated Leave: Maintained 50% of the accumulated leave balance at year-end, based on vacation balances and 10% of sick leave balances.
• Risk Management: Set at $200,000 and historically used for ergonomic improvements and other risk management needs, such as liability claims or workers’ compensation expenses. • Litigation Defense Fund: Historically set at $200,000 but increased to $600,000 as of FY 2023/24 to address increased legal exposure associated with the City’s growth and evolving operational risks. • Contingency: Set at 33% of ongoing operating expenditures, as established by formal policy. • Street Maintenance: Historically funded from unused portions of the pavement budget. Since FY 2016/17, the Council has supported the automatic carryover of these funds, formally ratified in the first quarter of each fiscal year. This process streamlines budget adjustments rather than maintaining funds in a separate reserve account for future appropriation. • Sustainability: A temporary reserve account established to support sustainability program initiatives and was utilized for the recent solar projects at City Hall.
• Other Post-Employment Benefits (OPEB) Unfunded Accrued Liability (UAL): Established by the Council in FY 2014/15 to address retiree healthcare costs. Initial funding of $333,500 was transferred into a Section 115 Trust on June 16, 2020. A funding policy is currently under development to ensure sufficient funding to address OPEB UAL and will be brought back to the Finance Committee for further discussion later this year as part of the preliminary operating budget review. • CalPERS Pension UAL: Established in FY 2014/15 to address pension unfunded liabilities. Initial funding of $170,000 was transferred into a Section 115 Trust. A funding policy is currently under development to ensure sufficient funding to address pension UAL and will be brought back to the Finance Committee for further discussion later this year as part of the preliminaryoperating budget review.

DRAFT
334
• Sheriff’s Contract: This reserve account was recently created to help fund additional costs associated with the Sheriff’s Contract, such as with an additional deputy motor, or fluctuations with estimated contract costs. • IT Reserve: This reserve category was recently established to ensure funding availability for critical technology upgrades, cybersecurity enhancements, and emergency IT infrastructure needs. A funding policy is currently under development. • CIP Project Funding (Next Year): Represents an assigned fund balance for multi-year active projects and funding programmed for future fiscal years.
• CIP Project Funding (Prior Year): Determined at year-end, representing unspent CIP budget carryovers that require reappropriation to complete capital projects.• Encumbrances: Based on purchase orders and one-time project carryovers within the operating budget, determined at yearend, and required re-appropriation to complete the project. Examples include pavement maintenance and strategic plans.• Fair Market Value (FMV) Adjustment: This adjustment is required under Governmental Accounting Standards Board (GASB) guidelines to reflect the mark-to-market valuation of the City's investment portfolio at fiscal year-end. It ensures that the GeneralFund balance is not overstated by unrealized gains or understated by temporary market fluctuations in fixed-income securities(e.g., certificates of deposit, bonds, and treasuries). By recording this adjustment as of June 30 each year, the City presents amore accurate financial position that aligns with best practices in municipal accounting and reporting. • Unassigned Fund Balance: The Unassigned Fund Balance serves as the City's Economic Stabilization Reserve (or 'Rainy Day Fund'), distinct from the Contingency Reserve. This balance is variable, dependent on actual revenues and expenditures,and historically targeted at above $1 million for unanticipated one-time expenditures, revenue shortfalls, or temporary liquidityneeds. It has also contributed to unanticipated emergency repairs, temporary internal borrowing for reimbursable grants,additional capital improvement project funding, and pavement maintenance.

DRAFT
335
ITEM V:

Monthly Investment Transaction
Report (December) Quarterly Review
(Draft)
336
Agenda Item X.X

CPMS CONSENT CALENDAR
Meeting Date: March 18, 2025
TO: Mayor and Councilmembers
SUBMITTED BY: Luke Rioux, Finance Director
PREPARED BY: Ryan Schwarz, Accountant
SUBJECT: Acceptance of the December 2024 Investment Transaction Report RECOMMENDATION:

Accept the investment transaction report for the month of December 2024.

BACKGROUND:

Transmitted herewith is the investment transaction report for the month of December 2024.

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, 2024, the City‘s investment portfolio totaled $64,675,150.36. The City’s weighted average yield in December was 4.437%.

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, 2024.

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 DRAFT 337
Meeting Date: March 18, 2025

Page 2 of 3 ends

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.

As of December 31, 2024, LAIF’s apportionment rate was at 4.71%, 1 Year US Treasury yield was at 4.16% and the 2 Year US Treasury yield was at 4.25%, compared to the City’s portfolio yield at 4.43%. By the end of the quarter Treasury yields were slightly higher across the maturity terms of the yield curve. Since the prior quarter, the 1 Year US Treasury yield has increased from 3.98% to 4.16%, increasing by 18 basis points. The 2 Year US Treasury yield has increased from 3.66% to 4.25%, increasing by 59 basis points. The LAIF daily rate is trending above 4.71% at the time of preparing this report.

In the current interest rate environment, the City’s interest earnings are forecasted to gradually decrease. Short-term and liquid investments like local government investment pools and money market funds tend to follow the Federal Funds Rate very closely. On January 29th the Federal Open Market Committee (FOMC) left the Federal Funds Rate unchanged between 4.25% and 4.50%. The next FOMC meeting will be on March 18th – March 19th, 2025.

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.

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Interest Rate
2-Year Interest Yield Comparison
CITY PORTFOLIO LAIF 1 YR US TREASURY NOTE 2 YR US TREASURY NOTE DRAFT 338
Meeting Date: March 18, 2025

Page 3 of 3 ends

FINANCE COMMITTEE REVIEW:

The Finance Committee met to review the December 2024 Investment Transaction Report on March 10, 2025.

FISCAL IMPACTS:

As of December 31, 2024, the investment portfolio is in compliance with all State laws and the City’s Investment Policy. There are sufficient funds available to meet the City’s expenditure requirements for the next six months.

APPROVED BY: Robert Nisbet, City Manager
ATTACHMENTS:

1. Investment Transaction Report – December 2024

2. Pooled Cash Report for the Period Ending December 31, 2024

3. Balance Sheets (Unaudited) for the Quarter Ending December 31, 2024 DRAFT 339
ATTACHMENT 1
Investment Transaction Report – December 2024
DRAFT 340
Attachment 1

INVESTMENT ACTIVITY INVESTMENT INCOME

PURCHASES OR DEPOSITS POOLED INVESTMENTS
Interest Earned on Investments 43,494.19 $
Total
Total $ -

SALES, MATURITIES, CALLS OR WITHDRAWALS
Total $ -
ACTIVITY TOTAL $ - INCOME TOTAL $ 43,494.19
City of Goleta
Investment Activity and Interest Report
Investment Transaction Report - December 2024
DRAFT 341
Attachment 1
ENDING BALANCE AS OF NOVEMBER 30, 2024
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Average
Days to
Maturity
Checking Accounts $ 3,823,149.00 $ 3,823,149.00 5.541% 0.000% 1 Money Market Accounts 9,662,129.69 $ 9,662,129.69 14.004% 4.710% 1 Local Agency Investment Funds 44,862,622.11 $ 44,955,087.74 65.023% 4.710% 1 Certificates of Deposit 5,176,000.00 $ 5,132,816.01 7.502% 2.883% 1735 United States Treasury Bill 5,470,960.32 $ 5,553,230.40 7.930% 4.700% 168 SUBTOTAL $ 68,994,861.12 $ 69,126,412.84 100.000% 4.311% 144.327 Held by Fiscal Agent (US Bank - PARS) $ 503,500.00 $ 569,067.62 1 Held by Fiscal Agent (BNY Mellon) 899.57 $ 899.57 1
SUBTOTAL $ 504,399.57 569,967.19
Totals $ 69,499,260.69 $ 69,696,380.03
Total Cash and Investments $ 69,499,260.69
NET CASH AND INVESTMENT ACTIVITY FOR DECEMBER 2024
$ (4,824,110.33)
ENDING BALANCE AS OF DECEMBER 31, 2024
Account Description
Book
Value
Market
Value
Percent of
Portfolio
Weighted Yield to
Maturity
Average
Days to
Maturity
Checking Accounts $ 1,704,439.59 $ 1,704,439.59 2.656% 0.000% 1 Money Market Accounts (1) 6,956,728.77 6,956,728.77 10.841% 4.710% 1 Local Agency Investment Funds (2) 44,862,622.11 44,845,663.37 69.911% 4.710% 1 Certificates of Deposit 5,176,000.00 5,147,742.17 8.066% 2.883% 1735 United States Treasury Bill $5,470,960.32 5,575,195.17 8.526% 4.700% 168 SUBTOTAL $ 64,170,750.79 $ 64,229,769.07 100.000% 4.437% 155.09 Held by Fiscal Agent (US Bank - PARS) $ 503,500.00 $ 554,629.33 1 Held by Fiscal Agent (BNY Mellon) 899.57 899.57 1
SUBTOTAL $ 504,399.57 $ 555,528.90
Totals $ 64,675,150.36 $ 64,785,297.97
Total Cash and Investments $ 64,675,150.36
Notes:
(1)
(2)
City of Goleta
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.

Summary of Cash and Investments
Investment Transaction Report - December 2024
DRAFT 342
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% 1,088,592.37 1,088,592.37 1,088,592.37 COMMUNITY WEST BANK GENERAL REV ACCT 1 0 0.000% 140,142.34 140,142.34 140,142.34 COMMUNITY WEST BANK PAYROLL CHKING ACCT 1 0 0.000% 378,981.58 378,981.58 378,981.58 PERSHING - SAFE KEEPING ACCT 0 0.000% 96,723.30 96,723.30 96,723.30 Subtotal, Checking Accounts 1 0.000% 0.000% $ 1,704,439.59 $ 1,704,439.59 $ 1,704,439.59

MONEY MARKET ACCOUNTS
COMMUNITY WEST BANK MMA - - 1 4.710% 4.7100% 6,956,728.77 6,956,728.77 6,956,728.77 Subtotal, MMA Account 1 4.710% 4.7100% $ 6,956,728.77 $ 6,956,728.77 $ 6,956,728.77

LOCAL AGENCY INVESTMENT FUND
LOCAL AGENCY INVESTMENT FUND - - 1 4.710% 4.710% 44,862,622.11 44,862,622.11 44,845,663.37 Subtotal, LAIF 1 4.710% 4.710% $ 44,862,622.11 $ 44,862,622.11 $ 44,845,663.37

CERTIFICATES OF DEPOSIT
WELLS FARGO BK N A SIOUX FALLS S D 1/29/2020 1/29/2025 1,827 1.950% 1.950% 247,000.00 247,000.00 246,520.82 949763T30 RAYMOND JAMES BK NATL ASSN ST PETERSBURG 2/14/2020 2/14/2025 1,827 1.750% 1.750% 247,000.00 247,000.00 246,170.08 75472RBB6 ENCORE BK LITTLE ROCK ARK CTF DEP 4/25/2020 3/25/2025 1,795 1.150% 1.150% 249,000.00 249,000.00 247,152.42 29260MAV7 POPPY BK SANTA ROSA CA CTF DEP 4/27/2020 3/27/2025 1,795 1.100% 1.100% 249,000.00 249,000.00 247,080.21 73319FAK5 AMERICAN EXPRESS NATL BK BROKERED INTL CTF DEP3/31/2020 3/31/2025 1,826 1.550% 1.550% 248,000.00 248,000.00 246,316.08 02589AB68 PACIFIC ENTERPRISE BK IRVINE CA CTF DEP 3/31/2020 3/31/2025 1,826 1.150% 1.150% 249,000.00 249,000.00 247,052.82 694231AC5 STATE BK INDIA NEW YORK NY CTF DEP 4/29/2020 4/29/2025 1,826 1.600% 1.600% 248,000.00 248,000.00 245,832.48 856285TF8 ALLY BK SANDY UTAH CRF ACT/365 6/2/2022 6/2/2027 1,826 3.100% 3.100% 249,000.00 249,000.00 245,628.54 02007GSH7 TOYOTA FINANCIAL SAVINGS BANK HEND NV 10/14/2021 10/14/2026 1,826 1.050% 1.050% 247,000.00 247,000.00 234,378.30 89235MLU3 UBS BANK USA SALT LAKE CITY UT 10/27/2021 10/27/2026 1,826 1.050% 1.050% 249,000.00 249,000.00 235,949.91 90348JV56 DISCOVER BK GREENWOOD DEL 6/1/2022 6/1/2027 1,826 3.200% 3.200% 245,000.00 245,000.00 240,428.30 254673F76 FIRST TECHNOLOGY FED CREDIT UNION #19976 8/5/2022 8/5/2027 1,826 3.650% 3.650% 247,000.00 247,000.00 244,814.05 33715LEB2 DORT FINANCIAL CREDIT UNION 6/20/2023 6/20/2028 1,827 4.500% 4.500% 247,000.00 247,000.00 250,949.53 25844MBB3 COVANTAGE CREDIT UNION 8/6/2024 8/7/2028 1,462 4.200% 4.200% 247,000.00 247,000.00 248,640.08 22282XAD2 CUSTOMERS BANK 8/8/2024 8/8/2028 1,461 4.150% 4.150% 244,000.00 244,000.00 245,098.00 23204HPW2 MERRICK BANK SOUTH JORDAN 9/12/2024 8/11/2028 1,429 4.000% 4.000% 247,000.00 247,000.00 246,995.06 59013KG59 SNB BANK NATIONAL ASSOCIATION 8/14/2024 8/14/2028 1,461 4.100% 4.100% 226,000.00 226,000.00 226,734.50 78470MBS6 BAXTER CREDIT UNION VERNON HILLS 8/22/2023 8/22/2028 1,827 5.000% 5.000% 248,000.00 248,000.00 255,524.32 07181JBB9 FIRST NATIONAL BANK 8/30/2024 8/30/2028 1,461 3.800% 3.800% 249,000.00 249,000.00 247,326.72 32110YP74 CARTER FEDERAL CREDIT UNION 8/7/2024 8/7/2029 1,826 4.250% 4.250% 247,000.00 247,000.00 249,563.86 14622LAS1 ALTAONE FEDERAL CREDIT UNION 8/15/2024 8/15/2029 1,826 4.250% 4.250% 247,000.00 247,000.00 249,586.09 02157RAB3 Subtotal, Certificates of Deposit 1,735 2.883% 2.883% $ 5,176,000.00 $ 5,176,000.00 $ 5,147,742.17

US TREASURY SECURITIES - DISCOUNT
UNITED STS TREAS BILLS 8/8/2024 1/23/2025 168 4.700% 4.700% 5,589,000.00 5,470,960.32 5,575,195.17 912797JR9 Subtotal, US Treasuries 168 4.700% 4.700% $ 5,589,000.00 $ 5,470,960.32 $ 5,575,195.17 Total $ 64,288,790.47 $ 64,170,750.79 $ 64,229,769.07
Investment Transaction Report - December 2024
City of Goleta
DESCRIPTION COMMENTS *
Investment Portfolio
DRAFT 343
Attachment 1
PURCHASE MATURITY DAYS TO STATED YIELD AT FACE BOOK MARKET** DATE DATE MATURITY RATE 365 VALUE VALUE VALUE
Investment Transaction Report - December 2024
City of Goleta
DESCRIPTION COMMENTS *
Investment Portfolio
Held By Fiscal Agent (US Bank - PARS)

PUBLIC AGENCY RETIREMENT SERVICES (PARS) -
OPEB - Moderate Index Plus 2/4/2022 1 -0.940% 333,500.00 333,500.00 367,366.19

PUBLIC AGENCY RETIREMENT SERVICES (PARS) -
PENSION - Moderate Index Plus 2/4/2022 1 -0.940% 170,000.00 170,000.00 187,263.14 Subtotal 1 -0.940% $ 503,500.00 $ 503,500.00 $ 554,629.33 Total $ 503,500.00 $ 503,500.00 $ 554,629.33
Held By Fiscal Agent (BNY Mellon)
Holding Account 1 899.57 899.57 899.57
Total $ 899.57 $ 899.57 $ 899.57
Grand Total $ 64,793,190.04 $ 64,675,150.36 $ 64,785,297.97 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.

DRAFT 344
ATTACHMENT 2:

Pooled Cash Report for the Period Ending December 31, 2024 DRAFT 345
TYLERHOST\SYSTEM 1.17.2025 Page 1 of 7
Pooled Cash Report
City of Goleta, CA
For the Period Ending 12/31/2024
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE

CLAIM ON CASH
101-1010.000 Claim on Cash 42,882,153.73 1,610,144.21 44,492,297.94 102-1010.000 Claim on Cash 0.00 0.00 0.00
201-1010.000 Claim on Cash (67,224.52) (89,050.99) (156,275.51) 202-1010.000 Claim on Cash 278,312.26 3,376.79 281,689.05 203-1010.000 Claim on Cash 667,364.12 64,812.61 732,176.73 205-1010.000 Claim on Cash 4,407,002.16 122,741.75 4,529,743.91 206-1010.000 Claim on Cash (1,214,962.50) 352,646.84 (862,315.66) 207-1010.000 Claim on Cash 0.00 0.00 0.00
208-1010.000 Claim on Cash 133,008.40 (58,682.22) 74,326.18 209-1010.000 Claim on Cash 188,700.40 (4,255.03) 184,445.37 210-1010.000 Claim on Cash 68,165.09 (5,135.25) 63,029.84 211-1010.000 Claim on Cash 1,639,159.45 (59,673.52) 1,579,485.93 212-1010.000 Claim on Cash 11,747.71 0.00 11,747.71
213-1010.000 Claim on Cash 116,695.71 (21,516.63) 95,179.08 214-1010.000 Claim on Cash 131,012.70 (26,436.71) 104,575.99 215-1010.000 Claim on Cash 0.00 0.00 0.00
216-1010.000 Claim on Cash 0.00 0.00 0.00
217-1010.000 Claim on Cash (45,011.54) (23,198.07) (68,209.61) 220-1010.000 Claim on Cash 3,812,371.18 (2,374,356.37) 1,438,014.81 221-1010.000 Claim on Cash 5,673,655.53 (12,170.75) 5,661,484.78 222-1010.000 Claim on Cash 41,753.89 0.00 41,753.89
223-1010.000 Claim on Cash 178,702.98 (16,128.75) 162,574.23 224-1010.000 Claim on Cash 151,626.18 0.00 151,626.18
225-1010.000 Claim on Cash 1,509,687.91 0.00 1,509,687.91 226-1010.000 Claim on Cash 186,080.52 0.00 186,080.52
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 3,813,561.01 (4,450.00) 3,809,111.01 230-1010.000 Claim on Cash 2,177,389.42 (122,304.79) 2,055,084.63 231-1010.000 Claim on Cash 615,163.38 0.00 615,163.38
232-1010.000 Claim on Cash (299,416.94) 0.00 (299,416.94) 233-1010.000 Claim on Cash 0.00 0.00 0.00
234-1010.000 Claim on Cash 618,230.75 (13,413.33) 604,817.42 235-1010.000 Claim on Cash 281,839.51 0.00 281,839.51
236-1010.000 Claim on Cash 43,785.32 0.00 43,785.32
237-1010.000 Claim on Cash (60,778.05) 0.00 (60,778.05) 238-1010.000 Claim on Cash 6,769.96 0.00 6,769.96
239-1010.000 Claim on Cash 3,184,031.60 0.00 3,184,031.60 301-1010.000 Claim on Cash 0.00 0.00 0.00
302-1010.000 Claim on Cash 118,333.41 15,751.97 134,085.38 303-1010.000 Claim on Cash 0.00 0.00 0.00
304-1010.000 Claim on Cash 132,579.64 0.00 132,579.64
305-1010.000 Claim on Cash (420,350.11) 0.00 (420,350.11) 306-1010.000 Claim on Cash (561,913.24) 0.00 (561,913.24) 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 (20,218.95) 6,551.06 (13,667.89) 311-1010.000 Claim on Cash (8,348.21) (15,928.26) (24,276.47) 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
Attachment 2 DRAFT 346
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 1.17.2025 Page 2 of 7
317-1010.000 Claim on Cash 0.00 0.00 0.00
318-1010.000 Claim on Cash (2,439,023.20) 621,229.88 (1,817,793.32) 319-1010.000 Claim on Cash 0.00 0.00 0.00
320-1010.000 Claim on Cash 14,231.00 0.00 14,231.00
321-1010.000 Claim on Cash (1,231,705.20) (183,646.17) (1,415,351.37) 322-1010.000 Claim on Cash (422,303.23) (752,053.16) (1,174,356.39) 323-1010.000 Claim on Cash 0.00 0.00 0.00
324-1010.000 Claim on Cash 0.00 0.00 0.00
325-1010.000 Claim on Cash 2,049,778.48 0.00 2,049,778.48 401-1010.000 Claim on Cash (4,950,359.83) (1,995,444.28) (6,945,804.11) 402-1010.000 Claim on Cash (10,178.57) (17,484.44) (27,663.01) 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 (16,874.56) 0.00 (16,874.56) 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 (365,527.51) (1,140.35) (366,667.86) 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 (71,682.05) 59,607.66 (12,074.39) 422-1010.000 Claim on Cash 0.00 0.00 0.00
423-1010.000 Claim on Cash 79,964.51 (27,396.50) 52,568.01 424-1010.000 Claim on Cash 0.00 0.00 0.00
425-1010.000 Claim on Cash 0.00 0.00 0.00
501-1010.000 Claim on Cash 252,454.55 137,238.05 389,692.60 502-1010.000 Claim on Cash 228,664.00 166,639.67 395,303.67 503-1010.000 Claim on Cash 265,978.75 (2,498.05) 263,480.70 504-1010.000 Claim on Cash 54,102.59 432.00 54,534.59
605-1010.000 Claim on Cash 413,134.18 (176,289.00) 236,845.18 606-1010.000 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 160,534.77 0.00 160,534.77
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 1,519,807.61 19,081.69 1,538,889.30 TOTAL CLAIM ON CASH 65,955,454.07 (2,822,398.44) 63,133,055.63

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 126,942.48 344,425.15 471,367.63 999-1013.000 CWB Revenue Cash Account 576,064.71 (433,917.02) 142,147.69 999-1080.000 LAIF 44,862,622.11 0.00 44,862,622.11
999-1082.000 Money Market-Community West 9,662,129.69 (2,732,906.57) 6,929,223.12 999-1083.000 Pershing Investments 10,646,960.32 0.00 10,646,960.32 999-1083.001 Pershing Sweep Cash Account 80,734.76 0.00 80,734.76 999-1083.002 Pershing Investment-Unrealized Gain/Loss 0.00 0.00 0.00 TOTAL: Cash in Bank 65,955,454.07 (2,822,398.44) 63,133,055.63 Attachment 2 DRAFT 347
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 1.17.2025 Page 3 of 7
TOTAL CASH IN BANK 65,955,454.07 (2,822,398.44) 63,133,055.63

DUE TO OTHER FUNDS
999-2070.000 Due to Other Funds 65,955,454.07 (2,822,398.44) 63,133,055.63 TOTAL DUE TO OTHER FUNDS 65,955,454.07 (2,822,398.44) 63,133,055.63 63,133,055.63
63,133,055.63 63,133,055.63
Claim on Cash
Cash in Bank Due To Other Funds
Difference 0.00
63,133,055.63

0.00 63,133,055.63
63,133,055.63

0.00 Due To Other Funds
Difference Difference
Claim on Cash Cash in Bank
Attachment 2 DRAFT 348
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 1.17.2025 Page 4 of 7

ACCOUNTS PAYABLE PENDING
101-2020.000 Accounts Payable 0.00 (10,066.17) (10,066.17) 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
215-2020.000 Accounts Payable 0.00 0.00 0.00
216-2020.000 Accounts Payable 0.00 0.00 0.00
217-2020.000 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
239-2020.000 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
Attachment 2 DRAFT 349
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 1.17.2025 Page 5 of 7
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
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
424-2020.000 Accounts Payable 0.00 0.00 0.00
425-2020.000 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 0.00 (10,066.17) (10,066.17)

DUE FROM OTHER FUNDS
999-1310.101 Due from General Fund 0.00 10,066.17 10,066.17 999-1310.102 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
999-1310.215 Due from Library Fund 0.00 0.00 0.00
999-1310.216 Due from Library Book Van 0.00 0.00 0.00
Attachment 2 DRAFT 350
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 1.17.2025 Page 6 of 7
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 Facilities 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 0.00 999-1310.227 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 0.00 999-1310.239 Due from Quimby 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
Attachment 2 DRAFT 351
ACCOUNT # ACCOUNT NAME

BEGINNING

BALANCE

CURRENT

ACTIVITY

CURRENT

BALANCE
TYLERHOST\SYSTEM 1.17.2025 Page 7 of 7
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 0.00 999-1310.424 Due from Community Project Funding 0.00 0.00 0.00 999-1310.425 Due from United States Dept of Agriculture 0.00 0.00 0.00 999-1310.501 Due from Library Fund 0.00 0.00 0.00
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 0.00 10,066.17 10,066.17

ACCOUNTS PAYABLE
999-2020.000 Accounts Payable-Control 0.00 (10,066.17) (10,066.17) TOTAL ACCOUNTS PAYABLE 0.00 (10,066.17) (10,066.17)
(10,066.17)
(10,066.17) (10,066.17)
AP Pending
Due From Other Funds Accounts Payable
Difference 0.00 0.00
(10,066.17)
(10,066.17)

0.00 Accounts Payable
Difference Difference
AP Pending (10,066.17) Due From Other Funds
Attachment 2 DRAFT 352
ATTACHMENT 3:

Balance Sheets (Unaudited) for the Quarter Ending December 31, 2024 DRAFT 353
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending December 31, 2024
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       44,426,782       (156,276)     4,527,601               74,377            127,533 Petty Cash                 1,150 ‐                 ‐                 ‐ ‐ Bond Discount ‐                 ‐ ‐                 ‐ ‐ Cash with Fiscal Agent ‐                 ‐ ‐                 ‐ ‐ Investments
Unrealized Gain/Loss on Invest ‐ ‐                 ‐                 ‐ ‐ Receivables ‐                 ‐ ‐                 ‐ ‐
Accounts            396,319 ‐                 ‐                 ‐ ‐ RDA Settlement Receivable ‐                 ‐ ‐                 ‐ ‐ Interest ‐                 ‐ ‐                 ‐ ‐
Prepaid Expenditures (Other) ‐                 ‐ ‐                 ‐ ‐ Security Deposit ‐                 ‐ ‐                 ‐ ‐ Deposit ‐ Earnest Money ‐                 ‐ ‐                 ‐ ‐ Deposit ‐ State Condemnation ‐                 ‐ ‐                 ‐ ‐ Prepaid Items (Expenditures)              10,000 ‐                 ‐                 ‐ ‐ Prepaid Bond Insurance Premium ‐ ‐                 ‐                 ‐ ‐ Deferred Loss on Refunding ‐                 ‐ ‐                 ‐ ‐ TOTAL ASSETS      44,834,251       (156,276)     4,527,601               74,377            127,533

LIABILITIES
Accounts Payable (10,066) ‐ ‐ ‐ ‐ Accrued Salaries & Benefits (285,389) ‐ ‐ (14,816) ‐ Retentions Payable 33,747 105,871 82,821 ‐ ‐ Accrued Expenses ‐ ‐ ‐ ‐ ‐ Deferred Revenue 101,998 ‐ ‐ ‐ ‐ Interest Payable ‐ ‐ ‐ ‐ ‐ Bond Payable ‐ ‐ ‐ ‐ ‐
Bond Premium 1,065,311 ‐ ‐ ‐ ‐ Deferred Loss on Refunding ‐ ‐ ‐ ‐ ‐ Deposit ‐ Miscellaneous ‐ ‐ ‐ ‐ ‐ Developer Deposit Payable ‐ ‐ ‐ ‐ ‐ TOTAL LIABILITIES 905,601 105,871 82,821 (14,816) ‐

FUND BALANCES
Non‐spendable 193,584 ‐ ‐ ‐ ‐ Committed 15,606,011 ‐ ‐ ‐ ‐ Assigned 679,117 ‐ ‐ ‐ ‐ Unassigned Fund Balance 27,449,938 ‐ ‐ ‐ ‐ Fund Balance (Other Funds) ‐ (262,146) 4,444,779 89,193 127,533 TOTAL FUND BALANCE 43,928,650 (262,146) 4,444,779 89,193 127,533

TOTAL LIABILITIES &
FUND BALANCE 44,834,251 (156,276) 4,527,601 74,377 127,533 DRAFT 354
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending December 31, 2024
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 Library Fund Library Book
Van
GTIP
210 211 215 216 220
37,055 1,576,850 ‐ ‐ 1,452,592 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 1,723,000 ‐ ‐ ‐ ‐ 35,156 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 37,055 1,576,850 ‐ ‐ 3,210,748 ‐ ‐ ‐ ‐ ‐ ‐ (10,901) ‐ ‐ ‐ ‐ ‐ ‐ ‐ 231,800 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ (10,901) ‐ ‐ 231,800 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 37,055 1,587,751 ‐ ‐ 2,978,947 37,055 1,587,751 ‐ ‐ 2,978,947 37,055 1,576,850 ‐ ‐ 3,210,748 DRAFT 355
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending December 31, 2024
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

TOTAL LIABILITIES

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

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
Parks DIF
Public Facilities
DIF Library DIF
Sheriff
Facilities DIF Housing in Lieu
221 222 223 224 225
5,665,385 33,196 162,686 151,731 1,510,728 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 5,665,385 33,196 162,686 151,731 1,510,728 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 202,087 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 202,087 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 5,463,298 33,196 162,686 151,731 1,510,728 5,463,298 33,196 162,686 151,731 1,510,728 5,665,385 33,196 162,686 151,731 1,510,728 DRAFT 356
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending December 31, 2024
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

TOTAL LIABILITIES

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

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE
Fire DIF
Long Range
Development
Plan (LRDP)
Developer
Agreements
County Fire
DIF
RSTP State
Grant
229 230 231 232 305
3,811,735 2,055,085 615,163 (299,417) (420,350) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 3,811,735 2,055,085 615,163 (299,417) (420,350) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 5,588 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 5,588 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 3,811,735 2,049,496 615,163 (299,417) (420,350) 3,811,735 2,049,496 615,163 (299,417) (420,350) 3,811,735 2,055,085 615,163 (299,417) (420,350) DRAFT 357
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending December 31, 2024
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

TOTAL LIABILITIES

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

TOTAL FUND BALANCE

TOTAL LIABILITIES &

FUND BALANCE

STIP HBP CDBG
RDA Successor‐
NonHousing Other Funds TOTAL FUNDS
308 401 402 605 *
(4,309)     (6,945,804)       (27,663)                237,008     4,564,860       63,176,550 ‐ ‐                  ‐              ‐                443                 1,593 ‐                  ‐ ‐              ‐                 ‐ ‐ ‐                  ‐ ‐              900                 ‐ 900 503,500            503,500
‐ ‐                  ‐              ‐          24,892               24,892 ‐                  ‐ ‐              ‐                 ‐ ‐ ‐                  ‐ ‐              ‐          40,000            436,319 ‐                  ‐ ‐                             775,941 ‐                            775,941 ‐ ‐                  ‐              ‐                 ‐ ‐ ‐                  ‐ ‐              ‐                 ‐ ‐ ‐                  ‐ ‐              ‐                 ‐ ‐ ‐                  ‐ ‐              ‐                 ‐ ‐ ‐                  ‐ ‐              ‐                 ‐         1,723,000 ‐ ‐                  ‐              ‐                 ‐               45,156 ‐ ‐                  ‐              51,865 ‐                               51,865 ‐ ‐                  ‐                             540,798 ‐                            540,798 (4,309)     (6,945,804)       (27,663)             1,606,512     5,133,695       67,280,513 ‐ ‐                  ‐              ‐                 ‐             (10,066) ‐ ‐                  ‐              ‐         (46,159)           (357,265) ‐          217,500              ‐ ‐        145,522         1,024,937 ‐                  ‐ ‐                 ‐ ‐
‐                  ‐ ‐              ‐     3,216,540         3,318,538 ‐ ‐                               ‐ 36,933                 ‐               36,933 ‐ ‐                  ‐              ‐                 ‐ ‐ ‐                  ‐ ‐              ‐         (46,236)         1,019,075 ‐                  ‐ ‐                        10,410,000 ‐                       10,410,000 ‐ ‐                  ‐                          1,200,155 ‐                         1,200,155 ‐ ‐                  ‐              ‐     1,792,277         1,792,277 ‐         217,500              ‐           11,647,088     5,061,943       18,434,583 ‐ ‐                  ‐              ‐                 ‐            193,584 ‐ ‐                  ‐              ‐                 ‐       15,606,011 ‐ ‐                  ‐              ‐                 ‐            679,117 ‐ ‐                  ‐              ‐                 ‐       27,449,938 (4,309)     (7,163,304)       (27,663)         (10,040,577)          71,752         4,917,279 (4,309)     (7,163,304)       (27,663)         (10,040,577)          71,752       48,845,930 (4,309)     (6,945,804)       (27,663)             1,606,512     5,133,695       67,280,513 DRAFT 358
City of Goleta
Balance Sheet (Unaudited)
For the Quarter Ending December 31, 2024
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

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
DRAFT 359

Finance and Audit CommitteeMarch 10, 2025

Finance and Audit Committee
March 10, 2025