CITY OF HEALDSBURG
CITY COUNCIL/REDEVELOPMENT SUCCESSOR AGENCY
REGULAR MEETING AGENDA
City Hall Council Chamber Meeting Date: February 5, 2024 401 Grove Street Time: 6:00 PM
Healdsburg, CA 95448 Date Posted: January 31, 2024
(707) 431-3317
To join by computer, tablet, or mobile device:
Go to https://zoom.us/join and type in the Webinar ID: 815 8894 3494 or follow this link:
healdsburg.gov/zoom (Pre-registration for the meeting is not required.) .
1. CALL TO ORDER/ROLL CALL
A. Pledge of Allegiance
B. Approval of Agenda
2. REPORT ON CLOSED SESSION(S)
3. ANNOUNCEMENTS/PRESENTATIONS
A. Proclamation of the City Council recognizing the celebration of the Lunar New Year
B. Proclamation of the City Council recognizing the celebration of Black History Month
4. CITY MANAGER REPORTS
5. PUBLIC COMMENTS ON ITEMS ON THE CONSENT CALENDAR AND NON
AGENDA ITEMS
This time is set aside to receive comments from the public regarding matters of general interest not on the agenda, but related to City Council/RSA business. Pursuant to the Brown Act, however, the City Council cannot consider any issues or take action on any requests during this comment period. Public comment on non-agenda items is limited to thirty (30) minutes total for all speakers, with each speaker given no more than three (3) minutes. If there are more than ten (10) audience/public comment speakers, the Mayor may reduce each speaker’s time from three (3) minutes so that all speakers have an equal time to speak. At the Mayor’s discretion, the public comment period may be extended past 30 minutes. Members from the public wishing to speak on a Consent Agenda item should notify the Mayor during Public Comments.
6. CONSENT CALENDAR
The following items listed on the Consent Calendar are considered routine in nature or have been previously reviewed by the Council and require little or no further discussion by the Council, public, or applicant and action will be taken by the City Council by a single motion. A City Council/RSA Regular Meeting Agenda
February 5, 2024
Councilmember may request that an item be removed from the Consent Calendar and action taken separately. Consent by a majority of the Councilmembers present will be required in order to remove the item. In the event an item is removed, the matter will be considered immediately following the adoption of the Consent Calendar.
A. Receive the Monthly Investment Report for December 2023 Receive and approve the Monthly Investment Report for December 2023.
B. Approval of Disbursement Report for Withdrawals During the Month of December 2023
By motion, approve the Disbursement Report for December 2023.
C. L&M Village Quarterly Update
Receive the L&M Village Quarterly update.
D. Fitch Mountain Public Access Improvements Revegetation Work Bid Award Adopt a Resolution conditionally awarding the contract for the Fitch Mountain Public Access Improvements Revegetation Work to Hanford Applied Restoration & Conservation in an amount not to exceed $172,520; authorizing the City Manager to execute the contract and approve contract change orders up to 10% of the original contract amount; and amending the adopted Fiscal Year 2023-2024 budget.
E. Community-Wide Electric Energy and Demand Forecast
Adopt a Resolution approving an agreement with Rincon Consulting, Inc. (Rincon) to Develop a Long-Range Energy and Demand Forecast for City of Healdsburg and authorizing the City Manager to execute the agreement on the City’s behalf.
F. Audited Financial Statement for the Fiscal Year Ending June 30, 2023 By motion, approve the fiscal year 2022-23 audited financial statements based on an audit performed in accordance with Government Auditing Standards.
7. PUBLIC HEARINGS
None.
8. OLD BUSINESS
A. Resolution in Support of "The Improved and Enhanced Local Fire Protection, Paramedic Services, and Disaster Response Initiative"
Adopt a Resolution Supporting “The Improved and Enhanced Local Fire Protection, Paramedic Services and Disaster Response Initiative” Measure on the March 5, 2024, Sonoma County Ballot.
City Council/RSA Regular Meeting Agenda
February 5, 2024
9. NEW BUSINESS
A. Dry Creek Commons Support and Funding Commitment
Staff recommends that the City Council adopt a resolution in support of the Dry Creek Commons Affordable Housing Project's Application for the 9% Low-Income Housing Tax Credit Program (LIHTC) and issue a funding commitment letter.
B. Initial Financial Outlook and Rate Adjustment Requirements for the Water and Wastewater Funds
Receive a report and provide comment and direction regarding the preliminary financial outlook for the water and wastewater cost of service update.
C. Presentation on Senate Bill 329 regarding City Councilmember Compensation Receive report regarding SB 329, which permits increases in Councilmember compensation and provide direction to staff.
D. Appointment of Commissioners to the Parks and Recreation Commission and the Senior Citizen Advisory Commission
By motion, appoint two applicants to the Parks and Recreation Commission for a term of three years due to expire January 1, 2027 and three applicants to the Senior Citizen Advisory Commission for a term of three years due to expire January 1, 2027.
10. COUNCIL REPORTS ON MATTERS OF INTEREST OCCURRING SINCE
PREVIOUS REGULAR MEETING/EXPENSE REIMBURSEMENT REPORTS
11. WRITTEN COMMUNICATIONS
12. ADJOURN CITY COUNCIL / RSA MEETING
13. FUTURE AGENDA ITEMS
A. Future Agenda Items for 2024
SB 343 - DOCUMENTS RELATED TO OPEN SESSION AGENDAS: Any writings or documents provided to a majority of the City Council/Redevelopment Successor Agency Board regarding any item on this agenda after the posting of this agenda and not otherwise exempt from disclosure, will be made available for public review in the City Clerk's Office located at City Hall, 401 Grove Street, Healdsburg, during normal business hours. If supplemental materials are made available to the members of the City Council/Redevelopment Successor City Council/RSA Regular Meeting Agenda
February 5, 2024
Agency Board at the meeting, a copy will be available for public review at the City Hall Council Chambers, 401 Grove Street, Healdsburg, CA 95448.
These writings will be made available in appropriate alternative formats upon request by a person with a disability, as required by the Americans with Disabilities Act.
DISABLED ACCOMMODATIONS: The City of Healdsburg will make reasonable accommodations for persons having special needs due to disabilities. Please contact Raina Allan, City Clerk, at Healdsburg City Hall, 401 Grove Street, Healdsburg, California, 431-3317, at least 72 hours prior to the meeting, to ensure the necessary accommodations are made.
CIUDAD DE HEALDSBURG
CONSEJO MUNICIPAL/AGENCIA DE DESARROLLO SUCESORA
ORDEN DEL DÍA DE LA REUNIÓN ORDINARIA
Cámaras del Consejo Municipal Fecha de reunión: 5 de febrero de 2024 401 Grove Street Hora: 6:00 PM
Healdsburg, CA 95448 Fecha de publicación: 31 de enero de 2024 (707) 431-3317
Para participar por computadora, tableta o dispositivo móvil:
Vaya a https://zoom.us/join y teclee el número de identificación (ID) del seminario web: 815 8894 3494 o siga este enlace: healdsburg.gov/zoom (No es necesario inscribirse previamente a la reunión).
.
1. LLAMADA AL ORDEN/PASAR LISTA
A. Juramento a la bandera
B. Aprobación del orden del día
2. INFORME SOBRE LA SESIÓN/LAS SESIONES A PUERTA CERRADA
3. ANUNCIOS/PRESENTACIONES
A. Proclamación del Consejo Municipal por el cual se reconoce la celebración del Año Nuevo lunar
B. Proclamación del Consejo Municipal por el cual se reconoce febrero de 2023 como el Mes de la Historia Negra en la Ciudad de Healdsburg.
4. INFORMES DEL GERENTE DE LA CIUDAD
5. COMENTARIOS PÚBLICOS SOBRE LOS PUNTOS EN EL CALENDARIO ACORDADO Y LOS PUNTOS NO INCLUIDOS EN EL ORDEN DEL DÍA
Este tiempo se reserva para recibir comentarios del público sobre asuntos de interés general no incluidos en el orden del día, pero relacionados con los asuntos del Consejo Municipal/RSA. Sin embargo, conforme la Ley Brown, el Consejo Municipal no puede considerar temas o tomar medidas sobre cualquier solicitud hecha durante este período de comentario. Los comentarios del público sobre los puntos no incluidos en el orden del día están limitados a treinta (30) minutos en total para todos los oradores, concediéndose a cada orador un máximo de tres (3) minutos. Si hay más de diez (10) comentarios públicos, el alcalde puede reducir el tiempo de tres (3) minutos de cada orador para que así todos los oradores tengan el mismo tiempo para hablar. A discreción del alcalde, el periodo de comentarios del público podrá prolongarse más de 30 minutos. Los miembros del público que deseen hablar sobre un asunto en el orden del día acordado deben notificárselo al alcalde durante los comentarios públicos.
Orden del día de la Reunión Ordinaria del Consejo Municipal /RSA 5 de febrero de 2024
Página 6
6. CALENDARIO ACORDADO
Los siguientes puntos enumerados en el orden del día acordado se consideran rutinarios o han sido revisados previamente por el Consejo y requieren poca o ninguna discusión por parte del Consejo, el público o solicitante y el Consejo Municipal tomará medidas en una sola moción. Un miembro del consejo puede solicitar que se excluya un punto del calendario acordado y se pueden tomar medidas por separado. Para excluir un punto, se requiere el consentimiento de una mayoría de los miembros del consejo presentes. En caso de que se excluya un punto, el asunto se considerará de inmediato después de la adopción del orden del día acordado.
A. Recibir el Informe Mensual de Inversiones correspondiente al mes de diciembre de 2023
Recibir y aprobar el Informe Mensual de Inversiones correspondiente al mes de diciembre de 2023.
B. Aprobar el Informe de Desembolsos para Retiradas durante el mes de diciembre de 2023.
Por moción, aprobar el Informe de Desembolsos para Retiradas durante el mes de diciembre de 2023.
C. Actualización trimestral de L&M Village
Recibir la actualización trimestral de L&M Village.
D. Adjudicación de la licitación de las obras de revegetación de las mejoras del acceso público a Fitch Mountain
Adoptar una Resolución por la que se adjudique condicionalmente el contrato para los trabajos de revegetación de las mejoras del acceso público a Fitch Mountain a Hanford Applied Restoration & Conservation por un importe que no supere los $172,520; se autorice al gerente de la Ciudad a ejecutar el contrato y a aprobar las órdenes de cambio del contrato hasta un 10% del importe original del contrato; y se modifique el presupuesto adoptado para el año fiscal 2023-2024.
E. Pronóstico de la energía eléctrica y demanda en toda la comunidad Adoptar una Resolución por la que se apruebe un acuerdo con Rincon Consulting, Inc. para desarrollar un pronóstico a largo plazo de la energía eléctrica y demanda para la ciudad de Healdsburg y por la cual se autoriza al gerente de la ciudad a ejecutar el acuerdo en nombre de la Ciudad.
F. Estado financiero auditado para el año fiscal que finaliza el 30 de junio de 2023 Por moción, aprobar los estados financieros auditados del año fiscal 2022-23 basados en una auditoría realizada de acuerdo con las Normas de Auditoría Gubernamental.
Orden del día de la Reunión Ordinaria del Consejo Municipal /RSA 5 de febrero de 2024
Página 7
7. AUDIENCIAS PÚBLICAS
Ninguna.
8. ASUNTOS PENDIENTES
A. Resolución en apoyo de “La Iniciativa de Mejora y Refuerzo de la Protección Local contra Incendios, Servicios Paramédicos y Respuesta a los Desastres” Adoptar una Resolución adoptando una posición oficial de apoyo a “La Iniciativa de Mejora y Refuerzo de la Protección Local contra Incendios, Servicios Paramédicos y Respuesta a los Desastres” en la boleta electoral del condado de Sonoma del 5 de marzo de 2024.
9. ASUNTOS NUEVOS
A. Compromiso de apoyo y financiación de Dry Creek Commons Adoptar una Resolución de apoyo a la solicitud del Proyecto de Vivienda Asequible de Dry Creek Commons para el Programa de Crédito Fiscal para Viviendas de Bajos Ingresos del 9% (LIHTC) y emitir una carta de compromiso de financiación.
B. Presentar las perspectivas financieras iniciales y las necesidades de ajuste de tarifas de los departamentos de Agua y Aguas Residuales
Recibir un informe y proporcionar comentarios e instrucciones con respecto a las perspectivas financieras iniciales para la actualización del costo del servicio de agua y aguas residuales.
C. Presentación sobre el proyecto de ley 329 del Senado relativo a la remuneración de los concejales municipales
Recibir un informe con respecto a la ley SB 329, que permite aumentos en la compensación de los concejales.
D. Nombramiento de los comisionados a la Comisión de Parques y Recreación y a la Comisión Asesora de Ciudadanos Mayores
Por moción, nombrar dos solicitantes a la Comisión de Parques y Recreación Para un plazo de tres años que vence el 1 de enero de 2027 y tres solicitantes a la Comisión Asesora de Ciudadanos Mayores para un plazo de tres años que vence el 1 de enero de 2027.
Orden del día de la Reunión Ordinaria del Consejo Municipal /RSA 5 de febrero de 2024
Página 8
10. INFORMES DEL CONSEJO SOBRE ASUNTOS DE INTERÉS QUE HAN OCURRIDO DESDE LA REUNIÓN ORDINARIA ANTERIOR/INFORMES DE
REEMBOLSO DE GASTOS
11. COMUNICACIONES ESCRITAS
12. LEVANTAR LA REUNIÓN DEL CONSEJO MUNICIPAL/RSA
13. PUNTOS FUTUROS PARA EL ORDEN DEL DÍA
A. Futuros puntos del orden del día para 2024
SB 343 - DOCUMENTOS RELACIONADOS CON EL ÓRDEN DEL DÍA DE LAS SESIONES ABIERTAS: Cualquier escrito o documento provisto a una mayoría de la Junta del Consejo Municipal/Agencia de Desarrollo Sucesora con respecto a cualquier punto en este orden del día después de la publicación de la misma y que no esté exento de divulgación, se pondrá a disposición del público en la Oficina de la Secretaría Municipal ubicada en City Hall, 401 Grove Street, Healdsburg, durante horas hábiles. Si el material complementario se pone a disposición de los miembros de la Junta del Consejo Municipal/Agencia de Desarrollo Sucesora, una copia estará disponible para la revisión pública en las Cámaras del Consejo Municipal, 401 Grove Street, Healdsburg, CA 95448.
Estos escritos se pondrán a disposición en formatos alternativos apropiados a petición de una persona con discapacidad, tal y como exige la Ley de Estadounidenses con Discapacidades.
ADAPTACIONES POR DISCAPACIDAD: La ciudad de Healdsburg realizará adaptaciones razonables para las personas con necesidades especiales debidas a discapacidades. Por favor, contacte a Raina Allan, secretaria municipal, en Healdsburg City Hall, 401 Grove Street, Healdsburg, California, 431-3317, por lo menos 72 horas antes de la reunión para garantizar que se realicen las adaptaciones necesarias.
CITY OF HEALDSBURG
PROCLAMATION
A PROCLAMATION OF THE CITY COUNCIL OF THE CITY
OF HEALDSBURG RECOGNIZING FEBRUARY 10, 2024 –
FEBRUARY 24, 2024 AS THE CELEBRATION OF THE LUNAR
NEW YEAR
WHEREAS, the Lunar New Year is the most significant holiday in many Asian and Pacific Islander cultures, with 2024 being celebrated as the Year of the Dragon - a symbol that encourages good luck, strength, health; and
WHEREAS, the first day of the New Year is a time to honor deities and ancestors. This tradition has been observed for centuries throughout different Asian American, Native Hawaiian, and Pacific Islander (AANHPI) cultures. Lunar New Year celebrations typically occur within two weeks, with February 10, 2024 being the first day of this new year; and WHEREAS, the Lunar New Year is celebrated uniquely in many different Asian countries but regardless of the country, culture religion or ethnicity, this time is when families come together to celebrate and prepare for the arrival of a new year of good health and prosperity; and WHEREAS, celebrations typically last for 15 days, and include family gatherings, giving of red envelopes and other gifts of blessings, fireworks, and watching lion and dragon dances; and WHEREAS, the Lunar New Year is a time of joy and renewal, and a time to illustrate the rich cultural history and diversity of our Asian American, Native Hawaiian, and Pacific Islander (AANHPI) communities; and
WHEREAS, the City of Healdsburg recognizes the contributions from our Asian American, Native Hawaiian, and Pacific Islander (AANHPI) residents, organizations and businesses and is grateful for their continued dedication to our city; and WHEREAS, as we gather today, February 5, 2024 to celebrate Lunar New Year in Council Chambers, the City of Healdsburg wishes all its residents good health and prosperity as we welcome the new Lunar Year.
NOW, THEREFORE, BE IT PROCLAIMED, the City Council of the City of Healdsburg recognizes February 10, 2024 – February 24, 2024 as the celebration of lunar new year.
DATED: February 5, 2024
SO ORDERED:
________________________________
David Hagele, Mayor
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Attachment: Lunar New Year (4325 : Lunar New Year Proclamation)
CITY OF HEALDSBURG
PROCLAMATION
A PROCLAMATION OF THE CITY COUNCIL OF THE CITY
OF HEALDSBURG DECLARING FEBRUARY 2024 AS BLACK
HISTORY MONTH IN THE CITY OF HEALDSBURG
WHEREAS, the month of February is officially celebrated as a national event honoring Black History and recognizing the heritage and achievements of African Americans; and WHEREAS, African Americans have played a central role in our nation’s history and the contributions African Americans have made and continue to make are an integral part of our society; and
WHEREAS, the migration of African Americans to all parts of the United States and throughout the world have led to countless indelible contributions in the fields of science, medicine, law, social justice, athletics, the arts, government, and more; and WHEREAS, the City of Healdsburg recognizes and values diversity, equity, and inclusion within our community; and
WHEREAS, the presence of African Americans in our community continues to enhance the quality of life in the City of Healdsburg; and
WHEREAS, the City of Healdsburg understands that African Americans have endured egregious discrimination and bigotry throughout the course of our Nation’s history, conflicting with the core values of the City of Healdsburg; and
WHEREAS, Black History Month calls on our collective need to recognize and combat racism, and to continue to build a community that embraces all ages, races, religions, and genders; and
WHEREAS, Black History is American History; and
WHEREAS, Black History Month is a time where all citizens are encouraged to reflect on past successes and challenges of Black communities, and to look to the future to ensure freedom, equity, and inclusiveness.
NOW, THEREFORE, BE IT PROCLAIMED, the City Council of the City of Healdsburg hereby declares February 2024 as Black History Month is the City of Healdsburg.
DATED: February 5, 2024
SO ORDERED:
________________________________
David Hagele, Mayor
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Attachment: Black History Month Proclamation (4326 : Black History Month Proclamation)
CITY OF HEALDSBURG
CITY COUNCIL AGENDA STAFF REPORT
MEETING DATE: February 5, 2024
SUBJECT: Receive the Monthly Investment Report for December 2023 PREPARED BY: Marisol Chavez, Accounting Technician
STRATEGIC INITIATIVE(S):
Provide Effective Governance
RECOMMENDED ACTION(S):
Receive and approve the Monthly Investment Report for December 2023.
COMMUNITY ENGAGEMENT/OUTREACH:
Not applicable.
BACKGROUND:
California Government Code Section 53646 requires the City Treasurer to submit a report of investments to the City Council for review and compliance with the City’s adopted investment policy.
DISCUSSION/ANALYSIS:
The attached Investment Report summarizes the City’s investments as of December 2023. The report shows that funds are invested in government pools, trust funds, corporate securities, and federal agency securities. All investments follow the City’s adopted investment policy and align with the principal objectives of safety, liquidity, and yield. Gains on investments and interest earnings on a cash basis generated in December 2023 totaled $108,184.
While the total par value of the investment portfolio remained largely unchanged from the prior month, total cash for December notably increased. This is driven in part by receiving the first distribution of Property Taxes that accounts for revenues from the first half of the year. These operational revenues are typically invested in the Local Agency Investment Fund (LAIF) to preserve liquidity as this fund maintains an overnight maturity distribution. The rate of return for funds held in LAIF has continued its path towards convergence with the rate of return for the managed portfolio. The LAIF rate increased to 4% in the month of December up from 2% one year prior, providing meaningful return while maintaining the principal objectives of safety and liquidity.
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ENVIRONMENTAL STEWARDSHIP:
Not applicable.
ALTERNATIVES:
No alternatives are presented as this informational report is a requirement by state law.
FISCAL IMPACT:
There is no fiscal impact resulting from the proposed action.
ENVIRONMENTAL ANALYSIS:
Pursuant to Title 14, the California Code of Regulations, Section 15378(b)(4)(5) of the California Environmental Quality Act (“CEQA”) guidelines, the proposed action is an administrative activity of the City that will not result in direct or indirect physical changes to the environment; and therefore, is not a project for purposes of CEQA.
ATTACHMENT(S):
Investment Report - Dec 2023
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Certification: I verify that this investment portfolio is in conformity with all state laws and is approved monthly by the City Council. The City has sufficient funds to meet expenditures for the following sixmonth period.
December 2023 Investment Report
Portfolio Sector Distribution
Katie Edgar Date
Finance Director
Investment Portfolio
Market Value Par Value
Managed Portfolio $ 40,794,547 $ 41,683,141
Local Agency Investment Fund $ 13,600,171 $ 13,600,171
COH Bonds (Restricted) $ 2,856,528 $ 2,856,528
Total Portfolio Value $ 57,251,247 $ 58,139,841
U.S. Teasury
Bond / Note
10%
U.S. Treasury
Bill
1%
Municipal
Bond / Note
1%
Federal
Agency
Commerci
al
13%
Federal
Agency Bond
/ Note
9%
Corporate
Note
16%
Commercial
Paper
7%
Certificate of
Deposit
7%
Bank Note
1%
AssetBacked
Security
7%
Money
Market /
Custody
Account
0%
Local Agency
Investment
Fund (LAIF)
23%
COH Bonds
(Restricted)
5%
30M
35M
40M
45M
50M
55M
60M
65M
70M
75M
Total Investment Portfolio Total Cash
1/22/2024
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Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) December 2023 Investment Report
Maturity Distribution
Portfolio Yields
• While the Federal Reserve (Fed) held the benchmark overnight target rate unchanged at its current range of 5.25% to 5.50% at its meeting on November 1, markets inferred from the meeting minutes a more cautious approach to further rate action.
Markets adjusted to reflect no additional rate hikes and expectations of cuts as early as spring of 2024.
• The Consumer Price Index (CPI) for October increased 3.2% on a year-over-year basis. While continuing the downward trend over the past several months, inflation is still above the Fed’s target of 2%.
• The second estimate of U.S. real gross domestic product (GDP) showed economic growth increased at an annual rate of 5.2% in the third quarter, exceeding the initial 4.9% estimate. • Retail sales decreased in October for the first time in seven months and personal spending rose by the smallest amount in five months. While the consumer remains resilient and a driving force of the economy, concerns are starting to rise.
• November employment reports were mostly in line with
expectations, with the unemployment rate ticked down to 3.7% from 3.9% the month prior. The Labor force participation rate reached the highest rate seen since the pandemic at 62.8%. • The benchmark 2-, 5-, and 10-year U.S. Treasuries finished the month at 4.68%, 4.27%, and 4.33%, moving down -41, -59, and - 60 basis points respectively.
• As a result of expectations that the Fed’s hiking cycle is complete, portfolio durations have been extended to a near-neutral stance versus benchmarks, as PFMAM favors minimizing duration
mismatch.
Market Update
Rate of Return Comparison
28%
18%
11%
15%
9%
19%
0%
5%
10%
15%
20%
25%
30%
Overnight 0 - 1 Year 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Total Investment Portfolio
4.72%
4.00%
2.29%
4.43%
0.0%
2.0%
4.0%
6.0%
Return
Managed Portfolio LAIF COH Bonds Weighted Return
-
1.000
2.000
3.000
4.000
5.000
6.000
City Weighted Return LAIF 2-Year T-Note
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Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Summary Statement For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
$40,413,876.06
(1,702,946.28)
(1,095,718.80)
2,575,305.61
0.00 463,244.23
$40,653,760.82
83,095.44
(8,235.80)
33,600.27
$108,459.91
Total
40,810,177.92
266,391.66
1,100,818.16
1,702,946.28
77,996.08
(2,583,363.21)
(40,970,692.23)
(233,685.64)
Total Accrual Basis Earnings $170,589.02
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Transaction Summary - Managed Account
_________________
_________________
_______________________________________________ _______________________________________________ Reconciling Transactions Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary - Managed Account
1,700,000.00
1,100,818.16
77,996.08
2,946.28
(3,052,909.35)
0.06 0.00
Cash Balance
Closing Cash Balance $140,786.42
Account 35300000 Page 1
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Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Portfolio Summary and Statistics For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 5,740,000.00 5,507,078.89 13.55 U.S. Treasury Bill 750,000.00 749,782.05 1.84
Municipal Bond / Note 550,000.00 549,388.45 1.35
Federal Agency Commercial
Mortgage-Backed Security
7,222,354.73 7,104,495.16 17.48
Federal Agency Bond / Note 5,250,000.00 4,964,322.25 12.21 Corporate Note 9,455,000.00 9,250,733.40 22.75
Commercial Paper 4,040,000.00 3,982,651.86 9.80
Certificate of Deposit 4,230,000.00 4,209,870.88 10.36
Bank Note 585,000.00 595,261.92 1.46
Asset-Backed Security 3,720,000.00 3,740,175.96 9.20
Managed Account Sub-Total 41,542,354.73 40,653,760.82 100.00% Accrued Interest 266,391.66
Total Portfolio 41,542,354.73 40,920,152.48
Unsettled Trades 0.00 0.00
Sector Allocation
9.20%
ABS
1.46%
Bank Note
10.36%
Cert of Deposit
9.80%
Commercial Paper
22.75%
Corporate Note
12.21%
Fed Agy Bond /
Note
17.48%
Federal Agency
Commercial
Mortgage-Backed
Security
1.35%
Muni Bond / Note
1.84%
US TSY Bill
13.55%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years
15.73%
9.96%
15.03%
21.39%
12.04%
25.85%
0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 879
4.33%
4.72%
Account 35300000 Page 2
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Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Issuer Summary For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Credit Quality (S&P Ratings)
5.94%
A12.31%
A-1
6.78%
A-1+
0.21%
AA
43.23%
AA+
4.83%
AA8.38%
AAA
2.70%
NR
6.41%
A
9.21%
A+
Issuer Summary
Issuer of Holdings Percent
Market Value
AIR PRODUCTS & CHEMICALS 259,966.30 0.64
ALLY AUTO RECEIVABLES TRUST 217,571.94 0.54
AMERICAN EXPRESS CO 146,117.53 0.36
AMERICAN HONDA FINANCE 312,373.90 0.77
ANALOG DEVICES INC 208,650.39 0.51
ANZ BANKING GROUP LTD 251,392.00 0.62
AUTOMATIC DATA PROCESSING INC 180,537.60 0.44
BANK OF AMERICA CO 990,856.03 2.44
BANK OF MONTREAL 591,649.86 1.46
BMW FINANCIAL SERVICES NA LLC 242,042.00 0.60
BMW VEHICLE OWNER TRUST 106,329.22 0.26
BNP PARIBAS 790,130.60 1.94
BRISTOL-MYERS SQUIBB CO 83,540.47 0.21
BURLINGTON NORTHERN SANTA FE 270,061.28 0.66
CALIFORNIA STATE UNIVERSITY 171,378.70 0.42
CAPITAL ONE FINANCIAL CORP 388,389.73 0.96
CATERPILLAR INC 318,287.70 0.78
CHASE ISSURANCE 324,931.20 0.80
CITIGROUP INC 567,030.35 1.39
COMCAST CORP 199,816.99 0.49
COMMONWEALTH BANK OF AUSTRALIA 253,705.75 0.62
CREDIT AGRICOLE SA 799,743.20 1.97
DEERE & COMPANY 87,156.96 0.21
DISCOVER FINANCIAL SERVICES 669,361.54 1.65
FANNIE MAE 1,118,967.84 2.75
FEDERAL HOME LOAN BANKS 4,964,322.25 12.21
FIFTH THIRD AUTO TRUST 283,065.64 0.70
FORD CREDIT AUTO OWNER TRUST 116,224.73 0.29
FREDDIE MAC 5,985,527.32 14.72
GENERAL DYNAMICS CORP 147,094.35 0.36
GM FINANCIAL CONSUMER AUTOMOBILE TRUST 126,928.30 0.31
GOLDMAN SACHS GROUP INC 242,075.75 0.60
Account 35300000 Page 3
6.A.a
Packet Pg. 17
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Issuer Summary For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Issuer of Holdings Percent
Market Value
HOME DEPOT INC 169,388.82 0.42
HONDA AUTO RECEIVABLES 258,544.07 0.64
HYUNDAI AUTO RECEIVABLES 131,816.23 0.32
ILLINOIS TOOL WORKS INC 224,081.67 0.55
JP MORGAN CHASE & CO 706,808.30 1.74
LOCKHEED MARTIN CORP 115,540.04 0.28
MASTERCARD INC 164,991.63 0.41
MITSUBISHI UFJ FINANCIAL GROUP INC 593,998.80 1.46
MORGAN STANLEY 267,828.03 0.66
NATIONAL AUSTRALIA BANK LTD 293,063.85 0.72
NATIONAL RURAL UTILITIES CO FINANCE CORP 274,401.49 0.67 NATIXIS NY BRANCH 1,106,902.95 2.72
NIKE INC 260,814.95 0.64
NORTHERN TRUST 197,284.20 0.49
NOVARTIS AG 187,182.60 0.46
OREGON DEPT OF ADMINISTRATION SERVICES 282,640.20 0.70
PACCAR FINANCIAL CORP 307,704.10 0.76
PEPSICO INC 81,629.36 0.20
PNC FINANCIAL SERVICES GROUP 175,690.06 0.43
PRUDENTIAL FINANCIAL INC 602,376.51 1.48
RABOBANK NEDERLAND 1,184,366.00 2.91
SALLIE MAE BANK 242,165.25 0.60
STATE OF CONNECTICUT 95,369.55 0.23
STATE STREET CORPORATION 597,751.94 1.47
TARGET CORP 163,306.85 0.40
TEXAS INSTRUMENTS INC 253,436.54 0.62
THE BANK OF NEW YORK MELLON CORPORATION 532,129.21 1.31 TORONTO-DOMINION BANK 601,453.24 1.48
TOYOTA MOTOR CORP 313,690.21 0.77
TRUIST FIN CORP 235,265.13 0.58
UNILEVER PLC 190,711.60 0.47
UNITED PARCEL SERVICE INC 86,187.42 0.21
UNITED STATES TREASURY 6,256,860.94 15.40
Account 35300000 Page 4
6.A.a
Packet Pg. 18
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Issuer Summary For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Issuer of Holdings Percent
Market Value
WAL-MART STORES INC 84,183.83 0.21
WELLS FARGO & COMPANY 619,060.60 1.52
WESTPAC BANKING CORP 801,490.98 1.97
WORLD OMNI AUTO REC TRUST 578,416.25 1.42
Total $40,653,760.82 100.00%
Account 35300000 Page 5
6.A.a
Packet Pg. 19
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Detail of Securities Held For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note
US TREASURY NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0 375,000.00 AA+ Aaa 02/10/22 02/10/22 370,212.09 1.53 1,373.13 374,800.50 373,652.33
US TREASURY NOTES
DTD 06/30/2019 1.750% 06/30/2024
9128286Z8 390,000.00 AA+ Aaa 05/10/23 05/12/23 377,446.88 4.69 18.75 384,525.02 383,418.75
US TREASURY NOTES
DTD 08/31/2017 1.875% 08/31/2024
9128282U3 200,000.00 AA+ Aaa 11/29/22 11/30/22 190,757.81 4.66 1,267.17 196,490.86 195,812.50
US TREASURY NOTES
DTD 01/15/2022 1.125% 01/15/2025
91282CDS7 2,000,000.00 AA+ Aaa 01/12/22 01/12/22 1,994,752.00 1.21 10,394.02 1,998,185.40 1,926,875.00
US TREASURY NOTES
DTD 03/15/2022 1.750% 03/15/2025
91282CED9 1,000,000.00 AA+ Aaa 03/18/22 03/18/22 988,482.25 2.15 5,192.31 995,373.93 966,250.00
US TREASURY NOTES
DTD 08/15/2016 1.500% 08/15/2026
9128282A7 875,000.00 AA+ Aaa 12/06/23 12/08/23 811,767.58 4.38 4,957.54 813,314.55 818,945.31
US TREASURY NOTES
DTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 100,000.00 AA+ Aaa 11/23/22 11/28/22 88,605.47 4.11 222.34 91,848.28 91,875.00
US TREASURY NOTES
DTD 02/28/2022 1.875% 02/28/2027
91282CEC1 800,000.00 AA+ Aaa 12/01/23 12/05/23 740,500.00 4.36 5,068.68 741,860.29 750,250.00 Security Type Sub-Total 5,740,000.00 5,562,524.08 2.71 28,493.94 5,596,398.83 5,507,078.89 U.S. Treasury Bill
US TREASURY BILL
DTD 07/06/2023 0.000% 01/04/2024
912797FW2 750,000.00 A-1+ P-1 12/08/23 12/11/23 747,372.53 5.27 0.00 749,671.57 749,782.05 Security Type Sub-Total 750,000.00 747,372.53 5.27 0.00 749,671.57 749,782.05 Municipal Bond / Note
CA ST UNIV TRUSTEES - MUNICIPAL BONDS
DTD 08/09/2023 4.594% 11/01/2027
13077DTD4 170,000.00 AA- Aa2 07/20/23 08/09/23 170,000.00 4.59 3,080.53 170,000.00 171,378.70
OREGON ST MUNICIPAL BONDS
DTD 05/09/2023 4.046% 04/01/2028
68607V4M4 285,000.00 AAA Aa2 04/26/23 05/09/23 285,000.00 4.05 2,882.78 285,000.00 282,640.20 Account 35300000 Page 6
6.A.a
Packet Pg. 20
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Detail of Securities Held For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Municipal Bond / Note
CONNECTICUT ST-A-TXBL MUNICIPAL
BONDS
DTD 06/22/2023 4.506% 05/15/2028
20772KTK5 95,000.00 AA- Aa3 06/01/23 06/22/23 95,000.00 4.51 546.98 95,000.00 95,369.55 Security Type Sub-Total 550,000.00 550,000.00 4.30 6,510.29 550,000.00 549,388.45 Federal Agency Commercial Mortgage-Backed Security
FHMS K733 A2
DTD 11/09/2018 3.750% 08/01/2025
3137FJXQ7 407,318.21 AA+ Aaa 08/10/23 08/15/23 396,031.43 5.24 1,272.87 398,219.52 400,245.02 FHMS K734 A2
DTD 04/18/2019 3.208% 02/01/2026
3137FLN34 355,000.00 AA+ Aaa 04/19/23 04/24/23 343,129.69 4.49 949.03 346,079.71 345,445.16 FHMS K735 A2
DTD 07/01/2019 2.862% 05/01/2026
3137FMU67 538,784.60 AA+ Aaa 08/11/23 08/16/23 509,151.44 5.04 1,285.00 513,286.30 518,897.82 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 279,581.49 AA+ Aaa 05/19/23 05/24/23 270,975.62 4.31 779.80 272,495.51 271,433.05 FHMS K063 A2
DTD 03/01/2017 3.430% 01/01/2027
3137BVZ82 400,000.00 AA+ Aaa 05/18/23 05/23/23 388,437.50 4.30 1,143.33 390,392.34 388,908.94 FNA 2017-M7 A2
DTD 06/30/2017 2.961% 02/01/2027
3136AV7G8 348,945.40 AA+ Aaa 04/28/23 05/03/23 334,346.95 4.17 861.02 336,936.31 334,794.07 FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
3137BXQY1 425,000.00 AA+ Aaa 08/16/23 08/18/23 400,894.53 4.98 1,141.83 403,433.91 410,577.87
FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 410,000.00 AA+ Aaa 06/08/23 06/13/23 392,879.30 4.44 1,108.03 395,370.93 395,726.42 FNA 2017-M15 A2
DTD 12/29/2017 2.960% 09/01/2027
3136AY6X6 404,441.89 AA+ Aaa 05/10/23 05/15/23 388,611.78 4.06 997.70 390,940.92 386,986.76 FHMS K743 A2
DTD 06/30/2021 1.770% 05/01/2028
3137H14B9 445,000.00 AA+ Aaa 08/10/23 08/15/23 389,479.30 4.73 656.38 393,963.54 399,797.29 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 319,138.17 AA+ Aaa 07/19/23 07/27/23 319,130.17 4.78 1,270.44 319,130.88 320,532.75 Account 35300000 Page 7
6.A.a
Packet Pg. 21
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Detail of Securities Held For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 400,000.00 AA+ Aaa 07/13/23 07/20/23 403,995.20 4.59 1,606.33 403,624.44 406,559.58 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 400,000.00 AA+ Aaa 07/18/23 07/31/23 393,218.75 4.58 1,396.67 393,799.89 397,187.01 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 224,144.97 AA+ Aaa 09/19/23 09/28/23 224,143.85 5.27 984.74 224,143.91 229,599.26 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 400,000.00 AA+ Aaa 09/07/23 09/14/23 394,082.80 4.99 1,550.00 394,403.49 404,624.22 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 400,000.00 AA+ Aaa 10/11/23 10/19/23 391,225.60 5.26 1,580.00 391,552.56 406,043.10 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 300,000.00 AA+ Aaa 10/25/23 10/31/23 290,435.10 5.60 1,212.50 290,728.20 306,020.93 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 400,000.00 AA+ Aaa 09/20/23 09/28/23 395,218.80 5.07 1,600.00 395,441.07 407,348.78 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 145,000.00 AA+ Aaa 11/14/23 11/21/23 144,580.81 5.14 612.50 144,589.27 149,106.09 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 220,000.00 AA+ Aaa 11/28/23 12/07/23 219,367.94 4.93 891.00 219,375.77 224,661.04 Security Type Sub-Total 7,222,354.73 6,989,336.56 4.79 22,899.17 7,017,908.47 7,104,495.16 Federal Agency Bond / Note
FEDERAL HOME LOAN BANK NOTES
DTD 11/07/2022 4.875% 06/14/2024
3130ATVC8 500,000.00 AA+ Aaa 01/30/23 01/31/23 500,675.00 4.76 1,151.04 500,222.75 499,140.50
FEDERAL HOME LOAN BANK NOTES
DTD 11/07/2022 4.875% 09/13/2024
3130ATVD6 750,000.00 AA+ Aaa 01/30/23 01/31/23 752,587.50 4.65 10,968.75 751,120.81 749,211.75
FEDERAL HOME LOAN BANK NOTES
(CALLABLE)
DTD 06/28/2021 0.750% 11/28/2025
3130AMTZ5 2,000,000.00 AA+ Aaa 07/19/21 07/19/21 1,998,113.00 0.77 125.00 1,999,174.36 1,865,272.00 Account 35300000 Page 8
6.A.a
Packet Pg. 22
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Detail of Securities Held For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Bond / Note
FEDERAL HOME LOAN BANK NOTES
(CALLABLE)
DTD 03/10/2021 0.800% 03/10/2026
3130ALFS8 2,000,000.00 AA+ Aaa 03/08/21 03/08/21 1,990,030.00 0.90 4,933.33 1,995,642.22 1,850,698.00 Security Type Sub-Total 5,250,000.00 5,241,405.50 1.81 17,178.12 5,246,160.14 4,964,322.25 Corporate Note
BURLINGTN NORTH SANTA FE CORP NOTES
(CAL
DTD 08/20/2015 3.650% 09/01/2025
12189LAY7 275,000.00 AA- A3 04/26/23 04/28/23 270,248.00 4.43 3,345.83 271,623.14 270,061.28
AIR PRODUCTS & CHEMICALS CORP NOTES
(CAL
DTD 04/30/2020 1.500% 10/15/2025
009158BB1 275,000.00 A A2 04/26/23 04/28/23 256,646.50 4.39 870.83 261,698.30 259,966.30
BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 11/18/2013 3.950% 11/18/2025
06406HCQ0 175,000.00 A A1 04/18/23 04/20/23 171,134.25 4.87 825.66 172,183.70 171,527.83
AUST & NZ BANKING GRP NY CORPORATE
NOTES
DTD 12/08/2022 5.088% 12/08/2025
05254JAA8 250,000.00 AA- Aa3 04/21/23 04/25/23 251,795.00 4.79 812.67 251,324.70 251,392.00
MORGAN STANLEY CORPORATE NOTES
DTD 01/27/2016 3.875% 01/27/2026
61746BDZ6 150,000.00 A- A1 04/27/23 05/01/23 146,296.50 4.85 2,486.46 147,202.05 146,603.40
COMMONWEALTH BK AUSTR NY
CORPORATE NOTES
DTD 03/13/2023 5.316% 03/13/2026
20271RAR1 250,000.00 AA- Aa3 04/21/23 04/25/23 254,072.50 4.70 3,987.00 253,101.75 253,705.75
CATERPILLAR FINL SERVICE CORPORATE
NOTES
DTD 05/15/2023 4.350% 05/15/2026
14913UAA8 200,000.00 A A2 05/08/23 05/15/23 199,906.00 4.37 1,111.67 199,925.81 199,667.20
NATIONAL RURAL UTIL COOP CORP NOTES
(CAL
DTD 02/24/2021 1.000% 06/15/2026
63743HEW8 200,000.00 A- A2 04/17/23 04/19/23 177,744.00 4.84 88.89 182,704.79 183,321.40 Account 35300000 Page 9
6.A.a
Packet Pg. 23
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Detail of Securities Held For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note
BANK OF NEW YORK MELLON CORP NOTES
(CALL
DTD 07/26/2022 4.414% 07/24/2026
06406RBJ5 200,000.00 A A1 05/10/23 05/12/23 196,722.00 4.97 3,849.99 197,378.16 197,826.00
STATE STREET CORP NOTES (CALLABLE)
DTD 08/03/2023 5.272% 08/03/2026
857477CD3 80,000.00 A A1 08/01/23 08/03/23 80,028.80 5.26 1,733.90 80,024.83 81,130.24
STATE STREET CORP NOTES (CALLABLE)
DTD 08/03/2023 5.272% 08/03/2026
857477CD3 165,000.00 A A1 07/31/23 08/03/23 165,000.00 5.27 3,576.18 165,000.00 167,331.12
CATERPILLAR FINANCIAL SERVICES CORP
CORP
DTD 08/09/2016 2.400% 08/09/2026
14912L6T3 125,000.00 A A2 06/20/23 06/22/23 116,586.25 4.74 1,183.33 118,005.70 118,620.50
BANK OF AMERICA NA CORPORATE NOTES
DTD 08/18/2023 5.526% 08/18/2026
06428CAA2 425,000.00 A+ Aa1 08/14/23 08/18/23 425,000.00 5.53 8,676.59 425,000.00 433,177.85
HOME DEPOT INC CORP (CALLABLE) NOTES
DTD 09/15/2016 2.125% 09/15/2026
437076BN1 180,000.00 A A2 03/01/23 03/03/23 163,621.80 4.96 1,126.25 167,475.49 169,388.82
JPMORGAN CHASE & CO CORP NOTES
DTD 07/21/2016 2.950% 10/01/2026
46625HRV4 125,000.00 A- A1 05/10/23 05/12/23 118,296.25 4.68 921.88 119,563.36 119,317.50
TRUIST FINANCIAL CORP NOTES
(CALLABLE)
DTD 10/28/2022 5.900% 10/28/2026
89788MAJ1 125,000.00 A- A3 11/29/22 11/30/22 126,465.00 5.56 1,290.63 125,917.86 126,056.75
NIKE INC CORP NOTES (CALLABLE)
DTD 10/21/2016 2.375% 11/01/2026
654106AF0 275,000.00 AA- A1 05/03/23 05/05/23 260,821.00 3.97 1,088.54 263,499.01 260,814.95
STATE STREET CORP NOTES (CALLABLE)
DTD 11/04/2022 5.751% 11/04/2026
857477BX0 175,000.00 A A1 11/29/22 11/30/22 178,106.25 5.24 1,593.51 176,953.74 177,579.68
PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 11/09/2023 5.200% 11/09/2026
69371RS72 100,000.00 A+ A1 11/03/23 11/09/23 99,923.00 5.23 751.11 99,926.47 102,177.90
PEPSICO INC CORPORATE NOTES
(CALLABLE)
DTD 11/10/2023 5.125% 11/10/2026
713448FW3 80,000.00 A+ A1 11/08/23 11/10/23 79,978.40 5.13 580.83 79,979.36 81,629.36 Account 35300000 Page 10
6.A.a
Packet Pg. 24
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Detail of Securities Held For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note
ILLINOIS TOOL WORKS INC CORP NOTES
(CALL
DTD 11/07/2016 2.650% 11/15/2026
452308AX7 235,000.00 A+ A1 11/09/23 11/15/23 218,484.20 5.21 795.74 219,192.45 224,081.67
TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 11/20/2023 5.400% 11/20/2026
89236TLD5 180,000.00 A+ A1 11/15/23 11/20/23 179,838.00 5.43 1,107.00 179,843.76 184,181.58
WELLS FARGO CORP NOTES (CALLABLE)
DTD 12/11/2023 5.254% 12/11/2026
94988J6F9 275,000.00 A+ Aa2 12/05/23 12/11/23 275,665.50 5.17 802.69 275,653.32 278,499.93
COMCAST CORP CORP NOTES (CALLABLE)
DTD 07/19/2016 2.350% 01/15/2027
20030NBW0 100,000.00 A- A3 05/10/23 05/12/23 93,127.00 4.39 1,083.61 94,323.64 93,917.90
TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 175,000.00 A A2 10/04/23 10/10/23 157,288.25 5.37 1,573.54 158,520.50 163,306.85
MORGAN STANLEY
DTD 01/20/2017 3.625% 01/20/2027
61746BEF9 125,000.00 A- A1 11/29/22 11/30/22 118,371.25 5.06 2,026.48 120,111.74 121,224.63
BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 175,000.00 A A1 11/29/22 11/30/22 157,144.75 4.79 1,544.62 161,814.40 162,775.38
NOVARTIS CAPITAL CORP (CALLABLE)
DTD 02/14/2020 2.000% 02/14/2027
66989HAQ1 200,000.00 AA- A1 10/20/23 10/25/23 179,472.00 5.44 1,522.22 180,627.55 187,182.60
MASTERCARD INC CORP NOTES (CALLABLE)
DTD 03/26/2020 3.300% 03/26/2027
57636QAR5 170,000.00 A+ Aa3 10/03/23 10/05/23 158,900.70 5.38 1,480.42 159,671.00 164,991.63
COMCAST CORP NOTES (CALLABLE)
DTD 03/27/2020 3.300% 04/01/2027
20030NDK4 110,000.00 A- A3 10/27/23 10/31/23 102,140.50 5.63 907.50 102,530.96 105,899.09
UNILEVER CAPITAL CORP NOTES
(CALLABLE)
DTD 05/05/2017 2.900% 05/05/2027
904764AY3 200,000.00 A+ A1 10/10/23 10/12/23 184,518.00 5.31 902.22 185,481.91 190,711.60
NORTHERN TRUST CORP NOTE (CALLABLE)
DTD 05/10/2022 4.000% 05/10/2027
665859AW4 200,000.00 A+ A2 05/10/23 05/12/23 195,366.00 4.64 1,133.33 196,109.22 197,284.20 Account 35300000 Page 11
6.A.a
Packet Pg. 25
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Detail of Securities Held For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note
PNC FINANCIAL SERVICES CORP NOTES
(CALLA
DTD 05/19/2017 3.150% 05/19/2027
693475AT2 185,000.00 A- A3 11/23/22 11/28/22 171,861.30 4.94 679.88 175,071.55 175,690.06
TRUIST FINANCIAL CORP NOTES
(CALLABLE)
DTD 08/03/2020 1.125% 08/03/2027
89788MAC6 125,000.00 A- A3 11/29/22 11/30/22 105,255.00 4.95 578.13 109,847.13 109,208.38
TEXAS INSTRUMENTS INC CORP NOTES
(CALLAB
DTD 11/03/2017 2.900% 11/03/2027
882508BC7 175,000.00 A+ Aa3 11/29/22 11/30/22 162,603.00 4.52 817.64 165,338.75 167,067.95
TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 11/10/2022 5.450% 11/10/2027
89236TKL8 125,000.00 A+ A1 11/29/22 11/30/22 127,950.00 4.91 965.10 127,301.52 129,508.63
UNITED PARCEL SERVICE CORP NOTES
(CALLAB
DTD 11/14/2017 3.050% 11/15/2027
911312BM7 90,000.00 A A2 03/13/23 03/15/23 84,652.20 4.47 350.75 85,567.53 86,187.42
JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/01/2017 3.782% 02/01/2028
46625HRY8 200,000.00 A- A1 05/10/23 05/12/23 191,042.00 4.85 3,151.67 192,256.47 193,363.20
STATE STREET CORP CORP NOTES
(CALLABLE)
DTD 02/07/2022 2.203% 02/07/2028
857477BS1 185,000.00 A A1 10/23/23 10/25/23 163,922.95 5.20 1,630.22 164,838.17 171,710.90
TEXAS INSTRUMENTS INC CORP NOTE
(CALLABL
DTD 11/18/2022 4.600% 02/15/2028
882508BV5 85,000.00 A+ Aa3 03/01/23 03/03/23 84,452.60 4.75 1,477.11 84,544.54 86,368.59
BRISTOL-MYERS SQUIBB CO CORP NOTES
(CALL
DTD 07/15/2020 3.900% 02/20/2028
110122DE5 85,000.00 A A2 03/13/23 03/15/23 82,508.65 4.57 1,206.29 82,912.13 83,540.47
NATIONAL RURAL UTIL COOP CORP NOTES
(CAL
DTD 12/16/2022 4.800% 03/15/2028
63743HFG2 90,000.00 A- A2 04/21/23 04/25/23 90,882.90 4.57 1,272.00 90,756.77 91,080.09 Account 35300000 Page 12
6.A.a
Packet Pg. 26
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Detail of Securities Held For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note
WALMART INC CORPORATE NOTES
(CALLABLE)
DTD 04/18/2023 3.900% 04/15/2028
931142FB4 85,000.00 AA Aa2 04/12/23 04/18/23 84,843.60 3.94 699.83 84,865.72 84,183.83
LOCKHEED MARTIN CORP NOTES
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
539830BZ1 30,000.00 A- A2 05/23/23 05/25/23 29,946.00 4.49 170.58 29,952.57 30,140.88
LOCKHEED MARTIN CORP NOTES
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
539830BZ1 85,000.00 A- A2 06/02/23 06/06/23 84,694.00 4.53 483.32 84,729.43 85,399.16
GENERAL DYNAMICS CORP NOTES
(CALLABLE)
DTD 05/11/2018 3.750% 05/15/2028
369550BC1 150,000.00 A- A3 05/15/23 05/17/23 146,637.00 4.25 718.75 147,058.99 147,094.35
AUTOMATIC DATA PROCESSNG CORP
NOTES (CAL
DTD 05/14/2021 1.700% 05/15/2028
053015AG8 200,000.00 AA- Aa3 05/11/23 05/15/23 180,612.00 3.85 434.44 183,063.36 180,537.60
NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/13/2023 4.900% 06/13/2028
63253QAE4 290,000.00 AA- Aa3 06/06/23 06/13/23 289,504.10 4.94 710.50 289,558.93 293,063.85
AMERICAN HONDA FINANCE CORPORATE
NOTES
DTD 07/07/2023 5.125% 07/07/2028
02665WEM9 100,000.00 A- A3 07/05/23 07/07/23 99,956.00 5.14 2,477.08 99,960.29 103,034.30
JOHN DEERE CAPITAL CORP CORPORATE
NOTES
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 85,000.00 A A2 07/11/23 07/14/23 84,873.35 4.98 1,951.81 84,885.20 87,156.96
BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 07/21/2017 3.593% 07/21/2028
06051GGR4 175,000.00 A- A1 07/27/23 07/31/23 163,061.50 5.17 2,794.56 164,073.35 165,198.60
PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 08/10/2023 4.950% 08/10/2028
69371RS64 200,000.00 A+ A1 08/03/23 08/10/23 199,684.00 4.99 3,877.50 199,708.91 205,526.20 Account 35300000 Page 13
6.A.a
Packet Pg. 27
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Detail of Securities Held For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note
CITIBANK NA CORP NOTES (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 300,000.00 A+ Aa3 09/26/23 09/29/23 300,000.00 5.80 4,448.97 300,000.00 312,329.10
ANALOG DEVICES INC (CALLABLE)
CORPORATE
DTD 10/05/2021 1.700% 10/01/2028
032654AU9 235,000.00 A- A2 10/30/23 11/02/23 197,169.70 5.48 998.75 198,434.22 208,650.39
AMERICAN HONDA FINANCE CORPORATE
NOTES
DTD 11/15/2023 5.650% 11/15/2028
02665WEV9 200,000.00 A- A3 11/13/23 11/15/23 199,966.00 5.65 1,443.89 199,966.76 209,339.60 Security Type Sub-Total 9,455,000.00 9,084,785.50 4.96 88,119.89 9,137,060.96 9,250,733.40 Commercial Paper
MUFG BANK LTD/NY COMM PAPER
DTD 06/13/2023 0.000% 03/04/2024
62479LC45 600,000.00 A-1 P-1 08/18/23 08/21/23 581,706.67 5.78 0.00 594,120.00 593,998.80
COOPERATIEVE RABOBANK UA COMM
PAPER
DTD 06/07/2023 0.000% 03/04/2024
21687AC43 800,000.00 A-1 P-1 07/06/23 07/07/23 770,116.00 5.80 0.00 792,188.00 792,048.80
NATIXIS NY BRANCH COMM PAPER
DTD 06/23/2023 0.000% 03/19/2024
63873JCK4 400,000.00 A-1 P-1 06/23/23 06/26/23 383,446.00 5.82 0.00 395,164.00 395,238.00
NATIXIS NY BRANCH COMM PAPER
DTD 06/23/2023 0.000% 03/19/2024
63873JCK4 410,000.00 A-1 P-1 07/10/23 07/11/23 393,727.10 5.90 0.00 404,963.15 405,118.95
JP MORGAN SECURITIES LLC COMM PAPER
DTD 07/07/2023 0.000% 04/02/2024
46640PD26 400,000.00 A-1 P-1 07/07/23 07/10/23 383,386.67 5.84 0.00 394,275.56 394,127.60
CREDIT AGRICOLE CIB NY COMM PAPER
DTD 08/04/2023 0.000% 04/30/2024
22533TDW3 815,000.00 A-1 P-1 08/04/23 08/07/23 781,331.67 5.81 0.00 799,868.17 799,743.20
PRUDENTIAL FUNDING LLC COMM PAPER
DTD 08/23/2023 0.000% 05/17/2024
74433GEH5 615,000.00 A-1+ P-1 08/23/23 08/25/23 589,552.67 5.84 0.00 601,893.67 602,376.51 Security Type Sub-Total 4,040,000.00 3,883,266.78 5.82 0.00 3,982,472.55 3,982,651.86 Certificate of Deposit
Account 35300000 Page 14
6.A.a
Packet Pg. 28
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Detail of Securities Held For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Certificate of Deposit
BNP PARIBAS NY BRANCH CERT DEPOS
DTD 07/20/2023 5.820% 02/01/2024
05586FD53 790,000.00 A-1 P-1 07/20/23 07/21/23 789,996.10 5.82 21,073.25 789,999.38 790,130.60
TORONTO DOMINION BANK NY CERT
DEPOS
DTD 07/10/2023 6.030% 07/05/2024
89115BRL6 600,000.00 A-1+ P-1 07/07/23 07/10/23 600,000.00 6.03 17,587.50 600,000.00 601,453.24
WESTPAC BANKING CORP NY CERT DEPOS
DTD 08/02/2023 5.850% 08/02/2024
96130AUL0 800,000.00 A-1+ P-1 08/04/23 08/07/23 799,963.98 5.85 19,760.00 799,978.65 801,490.98
BANK OF MONTREAL CHICAGO CERT DEPOS
DTD 08/18/2023 5.970% 08/16/2024
06367DC60 590,000.00 A-1 P-1 08/17/23 08/18/23 590,000.00 5.97 13,306.47 590,000.00 591,649.86
SALLIE MAE BANK/SALT LKE CERT DEPOS
DTD 09/22/2021 0.700% 09/23/2024
795451AW3 250,000.00 NR NR 09/20/21 09/20/21 249,263.00 0.79 484.25 249,821.62 242,165.25
GOLDMAN SACHS BANK USA CERT DEPOS
DTD 09/22/2021 0.650% 09/23/2024
38149MZY2 250,000.00 A-1 P-1 09/20/21 09/20/21 249,263.00 0.74 449.66 249,821.62 242,075.75
BMW BANK NORTH AMERICA CERT DEPOS
DTD 09/24/2021 0.650% 09/24/2024
05580AE26 250,000.00 NR NR 09/20/21 09/20/21 249,263.00 0.75 440.75 249,821.11 242,042.00
COOPERAT RABOBANK UA/NY CERT DEPOS
DTD 07/20/2023 5.080% 07/17/2026
21684LGS5 400,000.00 A+ Aa2 07/17/23 07/20/23 400,000.00 5.08 9,087.56 400,000.00 392,317.20
NATIXIS NY BRANCH CERT DEPOS
DTD 09/20/2023 5.610% 09/18/2026
63873QP65 300,000.00 A A1 09/18/23 09/20/23 300,000.00 5.61 4,815.25 300,000.00 306,546.00 Security Type Sub-Total 4,230,000.00 4,227,749.08 4.92 87,004.69 4,229,442.38 4,209,870.88 Bank Note
WELLS FARGO BANK NA BANK NOTES
(CALLABLE
DTD 08/09/2023 5.450% 08/07/2026
94988J6D4 335,000.00 A+ Aa2 08/02/23 08/09/23 334,973.20 5.45 7,201.57 334,976.75 340,560.67
CITIBANK NA CORP NOTES (CALLABLE)
DTD 12/04/2023 5.488% 12/04/2026
17325FBC1 250,000.00 A+ Aa3 11/27/23 12/04/23 250,000.00 5.49 1,029.00 250,000.00 254,701.25 Security Type Sub-Total 585,000.00 584,973.20 5.47 8,230.57 584,976.75 595,261.92 Account 35300000 Page 15
6.A.a
Packet Pg. 29
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Detail of Securities Held For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 255,000.00 AAA NR 08/15/23 08/22/23 254,947.42 5.42 498.17 254,951.65 258,544.07 BMWOT 2023-A A3
DTD 07/18/2023 5.470% 02/25/2028
05592XAD2 105,000.00 AAA NR 07/11/23 07/18/23 104,981.39 5.47 95.73 104,983.24 106,329.22 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 400,000.00 NR Aaa 05/23/23 05/25/23 395,968.75 4.54 766.22 396,476.10 397,201.24 BACCT 2022-A2 A2
DTD 11/23/2022 5.000% 04/15/2028
05522RDF2 390,000.00 AAA Aaa 05/31/23 06/02/23 391,843.36 4.89 866.67 391,622.65 392,479.58 HART 2023-B A3
DTD 07/19/2023 5.480% 04/17/2028
44933XAD9 130,000.00 AAA NR 07/11/23 07/19/23 129,994.36 5.48 316.62 129,994.90 131,816.23 FORDO 2023-B A3
DTD 06/26/2023 5.230% 05/15/2028
344930AD4 115,000.00 AAA NR 06/21/23 06/26/23 114,998.45 5.23 267.31 114,998.61 116,224.73 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 145,000.00 AAA NR 06/07/23 06/14/23 144,987.14 4.87 313.84 144,988.58 146,117.53 WOART 2023-A A3
DTD 02/15/2023 4.830% 05/15/2028
98164JAD6 180,000.00 AAA NR 08/11/23 08/15/23 178,024.22 5.09 386.40 178,182.51 179,508.49 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
02007WAC2 215,000.00 NR Aaa 07/11/23 07/19/23 214,963.34 5.46 521.73 214,966.79 217,571.94 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 390,000.00 AAA NR 05/17/23 05/24/23 389,910.57 4.43 766.13 389,921.49 388,389.73 WOART 2023-A A3
DTD 02/15/2023 4.830% 05/15/2028
98164JAD6 400,000.00 AAA NR 05/18/23 05/22/23 400,156.25 4.82 858.67 400,137.02 398,907.76 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 270,000.00 AAA Aaa 06/21/23 06/28/23 269,963.52 4.93 591.60 269,967.28 272,160.30 GMCAR 2023-3 A3
DTD 07/19/2023 5.450% 06/16/2028
36267KAD9 125,000.00 AAA Aaa 07/11/23 07/19/23 124,995.18 5.45 283.85 124,995.63 126,928.30 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 280,000.00 AAA Aaa 08/15/23 08/23/23 279,982.64 5.53 688.18 279,983.89 283,065.64 Account 35300000 Page 16
6.A.a
Packet Pg. 30
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Detail of Securities Held For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 320,000.00 AAA NR 09/07/23 09/15/23 319,911.30 5.17 733.87 319,915.93 324,931.20 Security Type Sub-Total 3,720,000.00 3,715,627.89 5.02 7,954.99 3,716,086.27 3,740,175.96 Managed Account Sub-Total 41,542,354.73 40,587,041.12 4.33 266,391.66 40,810,177.92 40,653,760.82 $41,542,354.73 $40,587,041.12 4.33% $266,391.66 $40,810,177.92 $40,653,760.82 $40,920,152.48
$266,391.66
Total Investments
Accrued Interest
Securities Sub-Total
Account 35300000 Page 17
6.A.a
Packet Pg. 31
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY NOTES 91282CDV0 375,000.00 DIRECT 99.64 373,652.33 3,440.24 (1,148.17) DTD 01/31/2022 0.875% 01/31/2024
0.09 5.14
US TREASURY NOTES 9128286Z8 390,000.00 CITIGRP 98.31 383,418.75 5,971.87 (1,106.27) DTD 06/30/2019 1.750% 06/30/2024
0.50 5.21
US TREASURY NOTES 9128282U3 200,000.00 BARCLAY 97.91 195,812.50 5,054.69 (678.36) DTD 08/31/2017 1.875% 08/31/2024
0.67 5.11
US TREASURY NOTES 91282CDS7 2,000,000.00 DIRECT 96.34 1,926,875.00 (67,877.00) (71,310.40) DTD 01/15/2022 1.125% 01/15/2025
1.04 4.77
US TREASURY NOTES 91282CED9 1,000,000.00 DIRECT 96.63 966,250.00 (22,232.25) (29,123.93) DTD 03/15/2022 1.750% 03/15/2025
1.20 4.66
US TREASURY NOTES 9128282A7 875,000.00 CITIGRP 93.59 818,945.31 7,177.73 5,630.76 DTD 08/15/2016 1.500% 08/15/2026
2.57 4.10
US TREASURY NOTES 91282CCZ2 100,000.00 HSBC 91.88 91,875.00 3,269.53 26.72 DTD 09/30/2021 0.875% 09/30/2026
2.72 4.03
US TREASURY NOTES 91282CEC1 800,000.00 JPM_CHA 93.78 750,250.00 9,750.00 8,389.71 DTD 02/28/2022 1.875% 02/28/2027
3.07 3.99
Security Type Sub-Total 5,740,000.00 5,507,078.89 (55,445.19) (89,319.94) 1.48 4.60 U.S. Treasury Bill
US TREASURY BILL 912797FW2 750,000.00 BARCLAY 99.97 749,782.05 2,409.52 110.48 DTD 07/06/2023 0.000% 01/04/2024
0.02 2.61
Security Type Sub-Total 750,000.00 749,782.05 2,409.52 110.48 0.02 2.61 Municipal Bond / Note
CA ST UNIV TRUSTEES - MUNICIPAL 13077DTD4 170,000.00 BARCLAY 100.81 171,378.70 1,378.70 1,378.70 BONDS
DTD 08/09/2023 4.594% 11/01/2027
3.51 4.36
OREGON ST MUNICIPAL BONDS 68607V4M4 285,000.00 CITIGRP 99.17 282,640.20 (2,359.80) (2,359.80) DTD 05/09/2023 4.046% 04/01/2028
3.91 4.26
CONNECTICUT ST-A-TXBL MUNICIPAL 20772KTK5 95,000.00 MORGAN_ 100.39 95,369.55 369.55 369.55 BONDS
DTD 06/22/2023 4.506% 05/15/2028
4.00 4.41
Account 35300000 Page 18
6.A.a
Packet Pg. 32
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Security Type Sub-Total 550,000.00 549,388.45 (611.55) (611.55) 3.80 4.32 Federal Agency Commercial Mortgage-Backed Security
FHMS K733 A2 3137FJXQ7 407,318.21 PNC 98.26 400,245.02 4,213.59 2,025.50 DTD 11/09/2018 3.750% 08/01/2025
1.46 4.89
FHMS K734 A2 3137FLN34 355,000.00 JPM_CHA 97.31 345,445.16 2,315.47 (634.55) DTD 04/18/2019 3.208% 02/01/2026
1.76 4.56
FHMS K735 A2 3137FMU67 538,784.60 BARCLAY 96.31 518,897.82 9,746.38 5,611.52 DTD 07/01/2019 2.862% 05/01/2026
2.09 4.53
FHMS K061 A2 3137BTUM1 279,581.49 CITIGRP 97.09 271,433.05 457.43 (1,062.46) DTD 01/30/2017 3.347% 11/01/2026
2.55 4.44
FHMS K063 A2 3137BVZ82 400,000.00 CANT_FI 97.23 388,908.94 471.44 (1,483.40) DTD 03/01/2017 3.430% 01/01/2027
2.71 4.42
FNA 2017-M7 A2 3136AV7G8 348,945.40 KEYBANC 95.94 334,794.07 447.12 (2,142.24) DTD 06/30/2017 2.961% 02/01/2027
2.79 4.37
FHMS K064 A2 3137BXQY1 425,000.00 MORGAN_ 96.61 410,577.87 9,683.34 7,143.96 DTD 05/15/2017 3.224% 03/01/2027
2.85 4.37
FHLMC MULTIFAMILY STRUCTURED P 3137F1G44 410,000.00 CITIGRP 96.52 395,726.42 2,847.12 355.49 DTD 07/01/2017 3.243% 04/01/2027
2.99 4.39
FNA 2017-M15 A2 3136AY6X6 404,441.89 MORGAN_ 95.68 386,986.76 (1,625.02) (3,954.16) DTD 12/29/2017 2.960% 09/01/2027
3.11 3.09
FHMS K743 A2 3137H14B9 445,000.00 PNC 89.84 399,797.29 10,317.99 5,833.75 DTD 06/30/2021 1.770% 05/01/2028
4.07 4.34
FHMS KJ46 A1 3137HAD45 319,138.17 JPM_CHA 100.44 320,532.75 1,402.58 1,401.87 DTD 07/01/2023 4.777% 06/01/2028
3.10 4.67
FHMS K505 A2 3137HACX2 400,000.00 JPM_CHA 101.64 406,559.58 2,564.38 2,935.14 DTD 07/01/2023 4.819% 06/01/2028
3.86 4.41
FNA 2023-M6 A2 3136BQDE6 400,000.00 JPM_CHA 99.30 397,187.01 3,968.26 3,387.12 DTD 07/01/2023 4.190% 07/01/2028
4.02 4.36
FHMS KJ47 A1 3137HAMN3 224,144.97 JPM_CHA 102.43 229,599.26 5,455.41 5,455.35 DTD 09/01/2023 5.272% 08/01/2028
3.32 4.68
FHMS K506 A2 3137HAMH6 400,000.00 WELLS_F 101.16 404,624.22 10,541.42 10,220.73 DTD 09/01/2023 4.650% 08/01/2028
4.00 4.37
FHMS K508 A2 3137HAQ74 400,000.00 BMO 101.51 406,043.10 14,817.50 14,490.54 DTD 10/01/2023 4.740% 08/01/2028
4.02 4.38
Account 35300000 Page 19
6.A.a
Packet Pg. 33
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Commercial Mortgage-Backed Security
FHMS K509 A2 3137HAST4 300,000.00 MORGAN_ 102.01 306,020.93 15,585.83 15,292.73 DTD 10/01/2023 4.850% 09/01/2028
4.09 4.37
FHMS K507 A2 3137HAMS2 400,000.00 MERRILL 101.84 407,348.78 12,129.98 11,907.71 DTD 09/01/2023 4.800% 09/01/2028
4.05 4.36
FHMS K510 A2 3137HB3D4 145,000.00 JPM_CHA 102.83 149,106.09 4,525.28 4,516.82 DTD 11/01/2023 5.069% 10/01/2028
4.10 4.41
FHMS K511 A2 3137HB3G7 220,000.00 MERRILL 102.12 224,661.04 5,293.10 5,285.27 DTD 12/01/2023 4.860% 10/01/2028
4.15 4.37
Security Type Sub-Total 7,222,354.73 7,104,495.16 115,158.60 86,586.69 3.20 4.38 Federal Agency Bond / Note
FEDERAL HOME LOAN BANK NOTES 3130ATVC8 500,000.00 NOMURA 99.83 499,140.50 (1,534.50) (1,082.25) DTD 11/07/2022 4.875% 06/14/2024
0.46 5.25
FEDERAL HOME LOAN BANK NOTES 3130ATVD6 750,000.00 AMHERST 99.89 749,211.75 (3,375.75) (1,909.06) DTD 11/07/2022 4.875% 09/13/2024
0.69 5.02
FEDERAL HOME LOAN BANK NOTES 3130AMTZ5 2,000,000.00 DIRECT 03/28/24 93.26 1,865,272.00 (132,841.00) (133,902.36) (CALLABLE)
DTD 06/28/2021 0.750% 11/28/2025
0.26 4.47
FEDERAL HOME LOAN BANK NOTES 3130ALFS8 2,000,000.00 DIRECT 03/10/24 92.53 1,850,698.00 (139,332.00) (144,944.22) (CALLABLE)
DTD 03/10/2021 0.800% 03/10/2026
0.22 4.41
Security Type Sub-Total 5,250,000.00 4,964,322.25 (277,083.25) (281,837.89) 0.33 4.61 Corporate Note
BURLINGTN NORTH SANTA FE CORP 12189LAY7 275,000.00 MKTX 06/01/25 98.20 270,061.28 (186.72) (1,561.86)
NOTES (CAL
DTD 08/20/2015 3.650% 09/01/2025
1.38 4.78
AIR PRODUCTS & CHEMICALS CORP NOTES 009158BB1 275,000.00 BARCLAY 09/15/25 94.53 259,966.30 3,319.80 (1,732.00) (CAL
DTD 04/30/2020 1.500% 10/15/2025
1.69 4.72
Account 35300000 Page 20
6.A.a
Packet Pg. 34
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
BANK OF NY MELLON CORP NOTES 06406HCQ0 175,000.00 JSEB 10/18/25 98.02 171,527.83 393.58 (655.87) (CALLABLE)
DTD 11/18/2013 3.950% 11/18/2025
1.75 5.07
AUST & NZ BANKING GRP NY CORPORATE 05254JAA8 250,000.00 NOMURA 100.56 251,392.00 (403.00) 67.30 NOTES
DTD 12/08/2022 5.088% 12/08/2025
1.87 4.78
MORGAN STANLEY CORPORATE NOTES 61746BDZ6 150,000.00 JPM_CHA 97.74 146,603.40 306.90 (598.65) DTD 01/27/2016 3.875% 01/27/2026
1.98 5.04
COMMONWEALTH BK AUSTR NY 20271RAR1 250,000.00 TD 101.48 253,705.75 (366.75) 604.00
CORPORATE NOTES
DTD 03/13/2023 5.316% 03/13/2026
2.08 4.60
CATERPILLAR FINL SERVICE CORPORATE 14913UAA8 200,000.00 SOCGEN 99.83 199,667.20 (238.80) (258.61) NOTES
DTD 05/15/2023 4.350% 05/15/2026
2.27 4.42
NATIONAL RURAL UTIL COOP CORP NOTES 63743HEW8 200,000.00 JSEB 05/15/26 91.66 183,321.40 5,577.40 616.61 (CAL
DTD 02/24/2021 1.000% 06/15/2026
2.35 4.63
BANK OF NEW YORK MELLON CORP NOTES 06406RBJ5 200,000.00 TD 07/24/25 98.91 197,826.00 1,104.00 447.84 (CALL
DTD 07/26/2022 4.414% 07/24/2026
1.50 4.87
STATE STREET CORP NOTES (CALLABLE) 857477CD3 80,000.00 JPM_CHA 101.41 81,130.24 1,101.44 1,105.41 DTD 08/03/2023 5.272% 08/03/2026
2.41 4.68
STATE STREET CORP NOTES (CALLABLE) 857477CD3 165,000.00 MORGAN_ 101.41 167,331.12 2,331.12 2,331.12 DTD 08/03/2023 5.272% 08/03/2026
2.41 4.68
CATERPILLAR FINANCIAL SERVICES CORP 14912L6T3 125,000.00 JSEB 94.90 118,620.50 2,034.25 614.80 CORP
DTD 08/09/2016 2.400% 08/09/2026
2.52 4.49
BANK OF AMERICA NA CORPORATE NOTES 06428CAA2 425,000.00 MERRILL 101.92 433,177.85 8,177.85 8,177.85 DTD 08/18/2023 5.526% 08/18/2026
2.44 4.74
HOME DEPOT INC CORP (CALLABLE) 437076BN1 180,000.00 MORGAN_ 06/15/26 94.10 169,388.82 5,767.02 1,913.33 NOTES
DTD 09/15/2016 2.125% 09/15/2026
2.39 4.46
JPMORGAN CHASE & CO CORP NOTES 46625HRV4 125,000.00 TD 07/01/26 95.45 119,317.50 1,021.25 (245.86) DTD 07/21/2016 2.950% 10/01/2026
2.41 4.73
Account 35300000 Page 21
6.A.a
Packet Pg. 35
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
TRUIST FINANCIAL CORP NOTES 89788MAJ1 125,000.00 MKTX 10/28/25 100.85 126,056.75 (408.25) 138.89 (CALLABLE)
DTD 10/28/2022 5.900% 10/28/2026
1.75 5.57
NIKE INC CORP NOTES (CALLABLE) 654106AF0 275,000.00 GOLDMAN 08/01/26 94.84 260,814.95 (6.05) (2,684.06) DTD 10/21/2016 2.375% 11/01/2026
2.51 4.33
STATE STREET CORP NOTES (CALLABLE) 857477BX0 175,000.00 GOLDMAN 11/04/25 101.47 177,579.68 (526.57) 625.94 DTD 11/04/2022 5.751% 11/04/2026
1.77 5.18
PACCAR FINANCIAL CORP CORPORATE 69371RS72 100,000.00 JPM_CHA 102.18 102,177.90 2,254.90 2,251.43 NOTES
DTD 11/09/2023 5.200% 11/09/2026
2.68 4.38
PEPSICO INC CORPORATE NOTES 713448FW3 80,000.00 MERRILL 10/10/26 102.04 81,629.36 1,650.96 1,650.00 (CALLABLE)
DTD 11/10/2023 5.125% 11/10/2026
2.61 4.36
ILLINOIS TOOL WORKS INC CORP NOTES 452308AX7 235,000.00 TD 08/15/26 95.35 224,081.67 5,597.47 4,889.22 (CALL
DTD 11/07/2016 2.650% 11/15/2026
2.54 4.39
TOYOTA MOTOR CREDIT CORP 89236TLD5 180,000.00 BNP_PAR 102.32 184,181.58 4,343.58 4,337.82
CORPORATE NOTES
DTD 11/20/2023 5.400% 11/20/2026
2.70 4.53
WELLS FARGO CORP NOTES (CALLABLE) 94988J6F9 275,000.00 WELLS_F 11/09/26 101.27 278,499.93 2,834.43 2,846.61 DTD 12/11/2023 5.254% 12/11/2026
2.69 4.79
COMCAST CORP CORP NOTES (CALLABLE) 20030NBW0 100,000.00 JSEB 10/15/26 93.92 93,917.90 790.90 (405.74) DTD 07/19/2016 2.350% 01/15/2027
2.69 4.51
TARGET CORP CORP NOTES (CALLABLE) 87612EBM7 175,000.00 JSEB 12/15/26 93.32 163,306.85 6,018.60 4,786.35 DTD 01/24/2022 1.950% 01/15/2027
2.86 4.32
MORGAN STANLEY 61746BEF9 125,000.00 MERRILL 96.98 121,224.63 2,853.38 1,112.89 DTD 01/20/2017 3.625% 01/20/2027
2.87 4.70
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 175,000.00 MORGAN_ 12/26/26 93.01 162,775.38 5,630.63 960.98 CORPOR
DTD 01/26/2022 2.050% 01/26/2027
2.89 4.51
NOVARTIS CAPITAL CORP (CALLABLE) 66989HAQ1 200,000.00 GOLDMAN 12/14/26 93.59 187,182.60 7,710.60 6,555.05 DTD 02/14/2020 2.000% 02/14/2027
2.86 4.21
Account 35300000 Page 22
6.A.a
Packet Pg. 36
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
MASTERCARD INC CORP NOTES 57636QAR5 170,000.00 MKTX 01/26/27 97.05 164,991.63 6,090.93 5,320.63 (CALLABLE)
DTD 03/26/2020 3.300% 03/26/2027
2.92 4.28
COMCAST CORP NOTES (CALLABLE) 20030NDK4 110,000.00 JSEB 02/01/27 96.27 105,899.09 3,758.59 3,368.13 DTD 03/27/2020 3.300% 04/01/2027
2.93 4.54
UNILEVER CAPITAL CORP NOTES 904764AY3 200,000.00 MKTX 02/05/27 95.36 190,711.60 6,193.60 5,229.69 (CALLABLE)
DTD 05/05/2017 2.900% 05/05/2027
2.97 4.41
NORTHERN TRUST CORP NOTE (CALLABLE) 665859AW4 200,000.00 JSEB 04/10/27 98.64 197,284.20 1,918.20 1,174.98 DTD 05/10/2022 4.000% 05/10/2027
3.09 4.44
PNC FINANCIAL SERVICES CORP NOTES 693475AT2 185,000.00 CITIGRP 04/19/27 94.97 175,690.06 3,828.76 618.51 (CALLA
DTD 05/19/2017 3.150% 05/19/2027
3.15 4.78
TRUIST FINANCIAL CORP NOTES 89788MAC6 125,000.00 SUSQ 06/03/27 87.37 109,208.38 3,953.38 (638.75) (CALLABLE)
DTD 08/03/2020 1.125% 08/03/2027
3.35 5.01
TEXAS INSTRUMENTS INC CORP NOTES 882508BC7 175,000.00 STIFEL 08/03/27 95.47 167,067.95 4,464.95 1,729.20 (CALLAB
DTD 11/03/2017 2.900% 11/03/2027
3.42 4.19
TOYOTA MOTOR CREDIT CORP 89236TKL8 125,000.00 MKTX 103.61 129,508.63 1,558.63 2,207.11
CORPORATE NOTES
DTD 11/10/2022 5.450% 11/10/2027
3.52 4.42
UNITED PARCEL SERVICE CORP NOTES 911312BM7 90,000.00 TD 08/15/27 95.76 86,187.42 1,535.22 619.89 (CALLAB
DTD 11/14/2017 3.050% 11/15/2027
3.44 4.25
JPMORGAN CHASE & CO CORP NOTES 46625HRY8 200,000.00 JSEB 02/01/27 96.68 193,363.20 2,321.20 1,106.73 (CALLABLE
DTD 02/01/2017 3.782% 02/01/2028
2.90 4.68
STATE STREET CORP CORP NOTES 857477BS1 185,000.00 JPM_CHA 02/07/27 92.82 171,710.90 7,787.95 6,872.73 (CALLABLE)
DTD 02/07/2022 2.203% 02/07/2028
2.99 4.12
TEXAS INSTRUMENTS INC CORP NOTE 882508BV5 85,000.00 BARCLAY 01/15/28 101.61 86,368.59 1,915.99 1,824.05 (CALLABL
DTD 11/18/2022 4.600% 02/15/2028
3.68 4.17
Account 35300000 Page 23
6.A.a
Packet Pg. 37
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
BRISTOL-MYERS SQUIBB CO CORP NOTES 110122DE5 85,000.00 JSEB 11/20/27 98.28 83,540.47 1,031.82 628.34 (CALL
DTD 07/15/2020 3.900% 02/20/2028
3.59 4.36
NATIONAL RURAL UTIL COOP CORP NOTES 63743HFG2 90,000.00 MKTX 02/15/28 101.20 91,080.09 197.19 323.32 (CAL
DTD 12/16/2022 4.800% 03/15/2028
3.75 4.48
WALMART INC CORPORATE NOTES 931142FB4 85,000.00 MIZUHO 03/15/28 99.04 84,183.83 (659.77) (681.89) (CALLABLE)
DTD 04/18/2023 3.900% 04/15/2028
3.89 4.15
LOCKHEED MARTIN CORP NOTES 539830BZ1 30,000.00 BARCLAY 04/15/28 100.47 30,140.88 194.88 188.31 (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
3.94 4.33
LOCKHEED MARTIN CORP NOTES 539830BZ1 85,000.00 GOLDMAN 04/15/28 100.47 85,399.16 705.16 669.73 (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
3.94 4.33
GENERAL DYNAMICS CORP NOTES 369550BC1 150,000.00 JPM_CHA 02/15/28 98.06 147,094.35 457.35 35.36 (CALLABLE)
DTD 05/11/2018 3.750% 05/15/2028
3.84 4.24
AUTOMATIC DATA PROCESSNG CORP 053015AG8 200,000.00 JPM_CHA 03/15/28 90.27 180,537.60 (74.40) (2,525.76)
NOTES (CAL
DTD 05/14/2021 1.700% 05/15/2028
4.06 4.16
NATIONAL AUSTRALIA BK/NY CORPORATE 63253QAE4 290,000.00 TD 101.06 293,063.85 3,559.75 3,504.92 NOTES
DTD 06/13/2023 4.900% 06/13/2028
4.05 4.63
AMERICAN HONDA FINANCE CORPORATE 02665WEM9 100,000.00 CITIGRP 103.03 103,034.30 3,078.30 3,074.01 NOTES
DTD 07/07/2023 5.125% 07/07/2028
4.01 4.38
JOHN DEERE CAPITAL CORP CORPORATE 24422EXB0 85,000.00 CITIGRP 102.54 87,156.96 2,283.61 2,271.76 NOTES
DTD 07/14/2023 4.950% 07/14/2028
4.04 4.33
BANK OF AMERICA CORP NOTES 06051GGR4 175,000.00 MKTX 07/21/27 94.40 165,198.60 2,137.10 1,125.25 (CALLABLE)
DTD 07/21/2017 3.593% 07/21/2028
3.31 4.98
Account 35300000 Page 24
6.A.a
Packet Pg. 38
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
PACCAR FINANCIAL CORP CORPORATE 69371RS64 200,000.00 MITSU 102.76 205,526.20 5,842.20 5,817.29 NOTES
DTD 08/10/2023 4.950% 08/10/2028
4.11 4.28
CITIBANK NA CORP NOTES (CALLABLE) 17325FBB3 300,000.00 CITIGRP 08/29/28 104.11 312,329.10 12,329.10 12,329.10 DTD 09/29/2023 5.803% 09/29/2028
4.11 4.82
ANALOG DEVICES INC (CALLABLE) 032654AU9 235,000.00 JSEB 08/01/28 88.79 208,650.39 11,480.69 10,216.17
CORPORATE
DTD 10/05/2021 1.700% 10/01/2028
4.40 4.34
AMERICAN HONDA FINANCE CORPORATE 02665WEV9 200,000.00 SOCGEN 104.67 209,339.60 9,373.60 9,372.84 NOTES
DTD 11/15/2023 5.650% 11/15/2028
4.32 4.57
Security Type Sub-Total 9,455,000.00 9,250,733.40 165,947.90 113,672.44 2.87 4.58 Commercial Paper
MUFG BANK LTD/NY COMM PAPER 62479LC45 600,000.00 MITSU 99.00 593,998.80 12,292.13 (121.20) DTD 06/13/2023 0.000% 03/04/2024
0.20 5.68
COOPERATIEVE RABOBANK UA COMM 21687AC43 800,000.00 RBC 99.01 792,048.80 21,932.80 (139.20) PAPER
DTD 06/07/2023 0.000% 03/04/2024
0.19 5.65
NATIXIS NY BRANCH COMM PAPER 63873JCK4 400,000.00 NATIXIS 98.81 395,238.00 11,792.00 74.00 DTD 06/23/2023 0.000% 03/19/2024
0.23 5.49
NATIXIS NY BRANCH COMM PAPER 63873JCK4 410,000.00 NATIXIS 98.81 405,118.95 11,391.85 155.80 DTD 06/23/2023 0.000% 03/19/2024
0.23 5.49
JP MORGAN SECURITIES LLC COMM PAPER 46640PD26 400,000.00 JPM_CHA 98.53 394,127.60 10,740.93 (147.96) DTD 07/07/2023 0.000% 04/02/2024
0.27 5.77
CREDIT AGRICOLE CIB NY COMM PAPER 22533TDW3 815,000.00 CREDAG 98.13 799,743.20 18,411.53 (124.97) DTD 08/04/2023 0.000% 04/30/2024
0.35 5.68
PRUDENTIAL FUNDING LLC COMM PAPER 74433GEH5 615,000.00 PRUD 97.95 602,376.51 12,823.84 482.84 DTD 08/23/2023 0.000% 05/17/2024
0.40 5.47
Security Type Sub-Total 4,040,000.00 3,982,651.86 99,385.08 179.31 0.27 5.61 Certificate of Deposit
Account 35300000 Page 25
6.A.a
Packet Pg. 39
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Certificate of Deposit
BNP PARIBAS NY BRANCH CERT DEPOS 05586FD53 790,000.00 JPM_CHA 100.02 790,130.60 134.50 131.22 DTD 07/20/2023 5.820% 02/01/2024
0.10 5.49
TORONTO DOMINION BANK NY CERT 89115BRL6 600,000.00 TD 100.24 601,453.24 1,453.24 1,453.24 DEPOS
DTD 07/10/2023 6.030% 07/05/2024
0.54 5.39
WESTPAC BANKING CORP NY CERT DEPOS 96130AUL0 800,000.00 RBC 100.19 801,490.98 1,527.00 1,512.33 DTD 08/02/2023 5.850% 08/02/2024
0.62 5.40
BANK OF MONTREAL CHICAGO CERT 06367DC60 590,000.00 BMO 100.28 591,649.86 1,649.86 1,649.86 DEPOS
DTD 08/18/2023 5.970% 08/16/2024
0.65 5.39
SALLIE MAE BANK/SALT LKE CERT DEPOS 795451AW3 250,000.00 DIRECT 96.87 242,165.25 (7,097.75) (7,656.37) DTD 09/22/2021 0.700% 09/23/2024
0.73 5.15
GOLDMAN SACHS BANK USA CERT DEPOS 38149MZY2 250,000.00 DIRECT 96.83 242,075.75 (7,187.25) (7,745.87) DTD 09/22/2021 0.650% 09/23/2024
0.73 5.15
BMW BANK NORTH AMERICA CERT DEPOS 05580AE26 250,000.00 DIRECT 96.82 242,042.00 (7,221.00) (7,779.11) DTD 09/24/2021 0.650% 09/24/2024
0.73 5.15
COOPERAT RABOBANK UA/NY CERT DEPOS 21684LGS5 400,000.00 RABOBAN 98.08 392,317.20 (7,682.80) (7,682.80) DTD 07/20/2023 5.080% 07/17/2026
2.37 5.90
NATIXIS NY BRANCH CERT DEPOS 63873QP65 300,000.00 WELLS_F 102.18 306,546.00 6,546.00 6,546.00 DTD 09/20/2023 5.610% 09/18/2026
2.56 4.73
Security Type Sub-Total 4,230,000.00 4,209,870.88 (17,878.20) (19,571.50) 0.84 5.37 Bank Note
WELLS FARGO BANK NA BANK NOTES 94988J6D4 335,000.00 WELLS_F 07/07/26 101.66 340,560.67 5,587.47 5,583.92 (CALLABLE
DTD 08/09/2023 5.450% 08/07/2026
2.42 4.76
CITIBANK NA CORP NOTES (CALLABLE) 17325FBC1 250,000.00 CITIGRP 11/04/26 101.88 254,701.25 4,701.25 4,701.25 DTD 12/04/2023 5.488% 12/04/2026
2.67 4.79
Security Type Sub-Total 585,000.00 595,261.92 10,288.72 10,285.17 2.52 4.77 Asset-Backed Security
Account 35300000 Page 26
6.A.a
Packet Pg. 40
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
HAROT 2023-3 A3 43815QAC1 255,000.00 MERRILL 101.39 258,544.07 3,596.65 3,592.42 DTD 08/22/2023 5.410% 02/18/2028
1.87 5.04
BMWOT 2023-A A3 05592XAD2 105,000.00 TD 101.27 106,329.22 1,347.83 1,345.98 DTD 07/18/2023 5.470% 02/25/2028
1.78 5.13
DCENT 2023-A1 A 254683CY9 400,000.00 BNP_PAR 99.30 397,201.24 1,232.49 725.14 DTD 04/11/2023 4.310% 03/15/2028
2.04 4.49
BACCT 2022-A2 A2 05522RDF2 390,000.00 MITSU 100.64 392,479.58 636.22 856.93 DTD 11/23/2022 5.000% 04/15/2028
1.74 4.84
HART 2023-B A3 44933XAD9 130,000.00 BARCLAY 101.40 131,816.23 1,821.87 1,821.33 DTD 07/19/2023 5.480% 04/17/2028
1.85 5.12
FORDO 2023-B A3 344930AD4 115,000.00 CITIGRP 101.07 116,224.73 1,226.28 1,226.12 DTD 06/26/2023 5.230% 05/15/2028
1.94 4.96
AMXCA 2023-1 A 02582JJZ4 145,000.00 RBC 100.77 146,117.53 1,130.39 1,128.95 DTD 06/14/2023 4.870% 05/15/2028
2.18 4.67
WOART 2023-A A3 98164JAD6 180,000.00 BNP_PAR 99.73 179,508.49 1,484.27 1,325.98 DTD 02/15/2023 4.830% 05/15/2028
1.64 4.90
ALLYA 2023-1 A3 02007WAC2 215,000.00 MERRILL 101.20 217,571.94 2,608.60 2,605.15 DTD 07/19/2023 5.460% 05/15/2028
1.87 5.15
COMET 2023-A1 A 14041NGD7 390,000.00 RBC 99.59 388,389.73 (1,520.84) (1,531.76) DTD 05/24/2023 4.420% 05/15/2028
2.19 4.52
WOART 2023-A A3 98164JAD6 400,000.00 MITSU 99.73 398,907.76 (1,248.49) (1,229.26) DTD 02/15/2023 4.830% 05/15/2028
1.64 4.90
DCENT 2023-A2 A 254683CZ6 270,000.00 MERRILL 100.80 272,160.30 2,196.78 2,193.02 DTD 06/28/2023 4.930% 06/15/2028
2.25 4.73
GMCAR 2023-3 A3 36267KAD9 125,000.00 WELLS_F 101.54 126,928.30 1,933.12 1,932.67 DTD 07/19/2023 5.450% 06/16/2028
1.93 5.06
FITAT 2023-1 A3 31680EAD3 280,000.00 JPM_CHA 101.09 283,065.64 3,083.00 3,081.75 DTD 08/23/2023 5.530% 08/15/2028
1.93 5.26
CHAIT 2023-A1 A 161571HT4 320,000.00 JPM_CHA 101.54 324,931.20 5,019.90 5,015.27 DTD 09/15/2023 5.160% 09/15/2028
2.46 4.79
Security Type Sub-Total 3,720,000.00 3,740,175.96 24,548.07 24,089.69 1.97 4.85 Account 35300000 Page 27
6.A.a
Packet Pg. 41
Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Managed Account Sub-Total 41,542,354.73 40,653,760.82 66,719.70 (156,417.10) 1.84 4.72 Total Investments $40,920,152.48
$266,391.66
$40,653,760.82
Accrued Interest
Securities Sub-Total $41,542,354.73 $66,719.70 ($156,417.10) 1.84 4.72% Account 35300000 Page 28
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Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Security Transactions & Interest For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
12/04/23 CITIBANK NA CORP NOTES (CALLABLE)
DTD 12/04/2023 5.488% 12/04/2026
11/27/23 17325FBC1 250,000.00 (250,000.00) 0.00 (250,000.00) 12/07/23 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
11/28/23 3137HB3G7 220,000.00 (219,367.94) (178.20) (219,546.14) 12/05/23 US TREASURY NOTES
DTD 02/28/2022 1.875% 02/28/2027
12/01/23 91282CEC1 800,000.00 (740,500.00) (3,956.04) (744,456.04) 12/11/23 WELLS FARGO CORP NOTES
(CALLABLE)
DTD 12/11/2023 5.254% 12/11/2026
12/05/23 94988J6F9 275,000.00 (275,665.50) 0.00 (275,665.50) 12/08/23 US TREASURY NOTES
DTD 08/15/2016 1.500% 08/15/2026
12/06/23 9128282A7 875,000.00 (811,767.58) (4,101.56) (815,869.14) 12/11/23 US TREASURY BILL
DTD 07/06/2023 0.000% 01/04/2024
12/08/23 912797FW2 750,000.00 (747,372.53) 0.00 (747,372.53) Transaction Type Sub-Total 3,170,000.00 (3,044,673.55) (8,235.80) (3,052,909.35)
INTEREST
12/01/23 12/01/23 MONEY MARKET FUND MONEY0002 0.00 0.00 2,948.78 2,948.78 12/25/23 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
12/01/23 3137HACX2 400,000.00 0.00 1,606.33 1,606.33
12/25/23 FHMS K063 A2
DTD 03/01/2017 3.430% 01/01/2027
12/01/23 3137BVZ82 400,000.00 0.00 1,143.33 1,143.33
12/25/23 FNA 2017-M7 A2
DTD 06/30/2017 2.961% 02/01/2027
12/01/23 3136AV7G8 349,462.13 0.00 862.30 862.30
12/25/23 FNA 2017-M15 A2
DTD 12/29/2017 2.960% 09/01/2027
12/01/23 3136AY6X6 405,004.91 0.00 999.01 999.01
12/25/23 FHMS K734 A2
DTD 04/18/2019 3.208% 02/01/2026
12/01/23 3137FLN34 355,000.00 0.00 949.03 949.03
12/25/23 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
12/01/23 3137HB3D4 145,000.00 0.00 612.50 612.50
12/25/23 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
12/01/23 3136BQDE6 400,000.00 0.00 1,396.67 1,396.67
12/25/23 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
12/01/23 3137BTUM1 280,000.00 0.00 780.97 780.97
Account 35300000 Page 29
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Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Security Transactions & Interest For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
INTEREST
12/25/23 FHMS K733 A2
DTD 11/09/2018 3.750% 08/01/2025
12/01/23 3137FJXQ7 407,539.10 0.00 1,273.56 1,273.56
12/25/23 FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
12/01/23 3137F1G44 410,000.00 0.00 1,108.03 1,108.03
12/25/23 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
12/01/23 3137HAST4 300,000.00 0.00 1,212.50 1,212.50
12/25/23 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
12/01/23 3137HAD45 319,337.55 0.00 1,271.23 1,271.23
12/25/23 FHMS K735 A2
DTD 07/01/2019 2.862% 05/01/2026
12/01/23 3137FMU67 539,503.81 0.00 1,286.72 1,286.72
12/25/23 FHMS K743 A2
DTD 06/30/2021 1.770% 05/01/2028
12/01/23 3137H14B9 445,000.00 0.00 656.38 656.38
12/25/23 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
12/01/23 3137HAMS2 400,000.00 0.00 1,600.00 1,600.00
12/25/23 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
12/01/23 3137HAQ74 400,000.00 0.00 1,580.00 1,580.00
12/25/23 FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
12/01/23 3137BXQY1 425,000.00 0.00 1,141.83 1,141.83
12/25/23 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
12/01/23 3137HAMN3 224,453.51 0.00 986.10 986.10
12/25/23 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
12/01/23 3137HAMH6 400,000.00 0.00 1,550.00 1,550.00
12/08/23 AUST & NZ BANKING GRP NY
CORPORATE NOTES
DTD 12/08/2022 5.088% 12/08/2025
12/08/23 05254JAA8 250,000.00 0.00 6,360.00 6,360.00
12/13/23 NATIONAL AUSTRALIA BK/NY
CORPORATE NOTES
DTD 06/13/2023 4.900% 06/13/2028
12/13/23 63253QAE4 290,000.00 0.00 7,105.00 7,105.00
12/14/23 FEDERAL HOME LOAN BANK NOTES
DTD 11/07/2022 4.875% 06/14/2024
12/14/23 3130ATVC8 500,000.00 0.00 12,187.50 12,187.50
12/15/23 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
12/15/23 31680EAD3 280,000.00 0.00 1,290.33 1,290.33
12/15/23 HART 2023-B A3
DTD 07/19/2023 5.480% 04/17/2028
12/15/23 44933XAD9 130,000.00 0.00 593.67 593.67
Account 35300000 Page 30
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Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Security Transactions & Interest For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
INTEREST
12/15/23 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
12/15/23 161571HT4 320,000.00 0.00 1,376.00 1,376.00
12/15/23 BACCT 2022-A2 A2
DTD 11/23/2022 5.000% 04/15/2028
12/15/23 05522RDF2 390,000.00 0.00 1,625.00 1,625.00
12/15/23 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
12/15/23 254683CY9 400,000.00 0.00 1,436.67 1,436.67
12/15/23 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
12/15/23 02007WAC2 215,000.00 0.00 978.25 978.25
12/15/23 NATIONAL RURAL UTIL COOP CORP
NOTES (CAL
DTD 02/24/2021 1.000% 06/15/2026
12/15/23 63743HEW8 200,000.00 0.00 1,000.00 1,000.00
12/15/23 FORDO 2023-B A3
DTD 06/26/2023 5.230% 05/15/2028
12/15/23 344930AD4 115,000.00 0.00 501.21 501.21
12/15/23 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
12/15/23 254683CZ6 270,000.00 0.00 1,109.25 1,109.25
12/15/23 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
12/15/23 14041NGD7 390,000.00 0.00 1,436.50 1,436.50
12/15/23 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
12/15/23 02582JJZ4 145,000.00 0.00 588.46 588.46
12/15/23 WOART 2023-A A3
DTD 02/15/2023 4.830% 05/15/2028
12/15/23 98164JAD6 580,000.00 0.00 2,334.50 2,334.50
12/16/23 GMCAR 2023-3 A3
DTD 07/19/2023 5.450% 06/16/2028
12/16/23 36267KAD9 125,000.00 0.00 567.71 567.71
12/18/23 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
12/18/23 43815QAC1 255,000.00 0.00 1,149.63 1,149.63
12/25/23 BMWOT 2023-A A3
DTD 07/18/2023 5.470% 02/25/2028
12/25/23 05592XAD2 105,000.00 0.00 478.63 478.63
12/28/23 FEDERAL HOME LOAN BANK NOTES
(CALLABLE)
DTD 06/28/2021 0.750% 11/28/2025
12/28/23 3130AMTZ5 2,000,000.00 0.00 7,500.00 7,500.00
12/31/23 US TREASURY NOTES
DTD 06/30/2019 1.750% 06/30/2024
12/31/23 9128286Z8 390,000.00 0.00 3,412.50 3,412.50
Transaction Type Sub-Total 14,355,301.01 0.00 77,996.08 77,996.08 Account 35300000 Page 31
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Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Security Transactions & Interest For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
MATURITY
12/05/23 US TREASURY BILL
DTD 08/08/2023 0.000% 12/05/2023
12/05/23 912797HN0 1,700,000.00 1,700,000.00 0.00 1,700,000.00 6,732.45 0.00 Transaction Type Sub-Total 1,700,000.00 1,700,000.00 0.00 1,700,000.00 6,732.45 0.00
PAYDOWNS
12/25/23 FNA 2017-M15 A2
DTD 12/29/2017 2.960% 09/01/2027
12/01/23 3136AY6X6 563.02 563.02 0.00 563.02 22.04 0.00 12/25/23 FHMS K733 A2
DTD 11/09/2018 3.750% 08/01/2025
12/01/23 3137FJXQ7 220.89 220.89 0.00 220.89 6.12 0.00
12/25/23 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
12/01/23 3137BTUM1 418.51 418.51 0.00 418.51 12.88 0.00 12/25/23 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
12/01/23 3137HAD45 199.38 199.38 0.00 199.38 0.00 0.00
12/25/23 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
12/01/23 3137HAMN3 308.54 308.54 0.00 308.54 0.00 0.00
12/25/23 FHMS K735 A2
DTD 07/01/2019 2.862% 05/01/2026
12/01/23 3137FMU67 719.21 719.21 0.00 719.21 39.56 0.00 12/25/23 FNA 2017-M7 A2
DTD 06/30/2017 2.961% 02/01/2027
12/01/23 3136AV7G8 516.73 516.73 0.00 516.73 21.62 0.00 Transaction Type Sub-Total 2,946.28 2,946.28 0.00 2,946.28 102.22 0.00 SELL
12/11/23 WELLS FARGO & COMPANY
CORPORATE NOTES
DTD 10/25/2016 3.000% 10/23/2026
12/05/23 949746SH5 120,000.00 112,713.60 480.00 113,193.60 276.00 (1,002.41) FIFO 12/11/23 WELLS FARGO & COMPANY
CORPORATE NOTES
DTD 10/25/2016 3.000% 10/23/2026
12/05/23 949746SH5 180,000.00 169,070.40 720.00 169,790.40 268.20 (1,791.57) FIFO 12/08/23 BLACKROCK INC CORP NOTES
DTD 03/28/2017 3.200% 03/15/2027
12/06/23 09247XAN1 320,000.00 306,988.80 2,360.89 309,349.69 8,214.40 7,085.74 FIFO 12/08/23 VISA INC CORP NOTES (CALLABLE)
DTD 04/02/2020 1.900% 04/15/2027
12/06/23 92826CAL6 550,000.00 506,946.00 1,538.47 508,484.47 18,007.00 15,981.28 FIFO Account 35300000 Page 32
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Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023) Managed Account Security Transactions & Interest For the Month Ending December 31, 2023 CITY OF HEALDSBURG - 35300000
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
Transaction Type Sub-Total 1,170,000.00 1,095,718.80 5,099.36 1,100,818.16 26,765.60 20,273.04 Managed Account Sub-Total (246,008.47) 74,859.64 (171,148.83) 33,600.27 20,273.04 Total Security Transactions ($246,008.47) $74,859.64 ($171,148.83) $33,600.27 $20,273.04 Account 35300000 Page 33
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Attachment: Investment Report - Dec 2023 (4303 : Investment Report - December 2023)
CITY OF HEALDSBURG
CITY COUNCIL AGENDA STAFF REPORT
MEETING DATE: February 5, 2024
SUBJECT: Approval of Disbursement Report for Withdrawals During the Month of December 2023
PREPARED BY: Marisol Chavez, Accounting Technician
STRATEGIC INITIATIVE(S):
Provide Effective Governance
RECOMMENDED ACTION(S):
By motion, approve the Disbursement Report for December 2023.
COMMUNITY ENGAGEMENT/OUTREACH:
Not applicable.
BACKGROUND:
State law requires that the City Council approve the City's monthly disbursement activity.
DISCUSSION/ANALYSIS:
The report recognizes $1,710,076.76 in disbursements, from December 1, 2023, through December 31, 2023, made by the City for supplies and services in accordance with the City's approved budget policies and work programs.
ENVIRONMENTAL STEWARDSHIP:
Not applicable.
ALTERNATIVES:
No alternatives are presented as this informational report is a requirement by state law.
FISCAL IMPACT:
There is no fiscal impact resulting from the proposed action.
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Packet Pg. 48
ENVIRONMENTAL ANALYSIS:
The proposed action is an administrative activity, which is not considered a 'project' as defined by the California Environmental Quality Act ("CEQA") (CEQA Guidelines 15378).
Consequently, no CEQA action is required.
ATTACHMENT(S):
Disbursement Approval Report - December 2023
6.B
Packet Pg. 49
Amount
Vendor: 18 ‐ AACTION RENTS
AACTION RENTS 164663 32' Electric Scissor Left & Axle Tilt Trailer 1,185.01 AACTION RENTS 164663 Merry Healdsburg ‐ Generator Rental 81.65 Disbursement Approval Report
City of Healdsburg, CA By Vendor Name
Payment Dates 12/01/2023 - 12/31/2023
Vendor Name Payment Number Description (Item)
ALHAMBRA 164777 Water Services 363.06
ALHAMBRA 164777 Water Services 62.32 Vendor 9625 ‐ Acevedo, Cynthia Total: 300.00
Vendor: 309 ‐ ALHAMBRA
ALHAMBRA 164777 Water Services 121.02
Vendor 18 ‐ AACTION RENTS Total: 1,266.66
Vendor: 9625 ‐ Acevedo, Cynthia
Acevedo, Cynthia 164847 HCC Deposit Refund ‐ Event 1/15/23 300.00 ALHAMBRA 164777 Water Services 121.86
ALHAMBRA 164777 Water Services 62.32 ALHAMBRA 164777 Water Services 121.86
ALHAMBRA 164777 Water Services 62.33 ALHAMBRA 164777 Water Services 74.44 ALHAMBRA 164777 Water Services 62.33 ALPHA ANALYTICAL LABORATO 164664 Laboratory Analysis Services 398.00 Vendor 1142 ‐ ALPHA ANALYTICAL LABORATORIES INC Total: 689.50 Vendor 309 ‐ ALHAMBRA Total: 1,241.05
Vendor: 1142 ‐ ALPHA ANALYTICAL LABORATORIES INC
ALPHA ANALYTICAL LABORATO 164664 Laboratory Analysis Services 291.50 ALHAMBRA 164777 Water Services 54.12 ALHAMBRA 164777 Water Services 135.39
AMAZON CAPITAL SERVICES INC164665 Klein Pocket Knife and Spray Contact Cleaner 61.81 AMAZON CAPITAL SERVICES INC164665 Trauma Dressing/NAR HyFin Vent/Trauma Shear 287.66 Vendor: 6750 ‐ AMAZON CAPITAL SERVICES INC
AMAZON CAPITAL SERVICES INC164665 Bit Set/Charger Holder/Battery Storage Rack/18V 113.93 AMAZON CAPITAL SERVICES INC164665 Parts For Biosolids Conveyor Controls Automation 14.08 AMAZON CAPITAL SERVICES INC164778 7.5Ft Pre‐Lit Artificial Aspen Christmas Tree 92.65 AMAZON CAPITAL SERVICES INC164778 Composition Notebooks 36.85 AMAZON CAPITAL SERVICES INC164778 Laundry Fabric Softener/Notebooks/Planner Journal 190.61 AMAZON CAPITAL SERVICES INC164778 7.5Ft Pre‐Lit Artificial Aspen Christmas Tree 92.64 AMAZON CAPITAL SERVICES INC164665 Clothing Gauze and First Aid Pouch 136.56 AMAZON CAPITAL SERVICES INC164778 Laundry Fabric Softener/Notebooks/Planner Journal 115.99 Vendor: 3824 ‐ AMERIGAS PROPANE LP
AMERIGAS PROPANE LP 164779 GEN 10 ‐ Propane 792.70 Vendor 3824 ‐ AMERIGAS PROPANE LP Total: 792.70
AMAZON CAPITAL SERVICES INC164778 Shop Supplies ‐ Ergonomic Mesh Office Chair 309.21 Vendor 6750 ‐ AMAZON CAPITAL SERVICES INC Total: 1,399.70 AMAZON CAPITAL SERVICES INC164778 Makita Charger Wall Mount Return (21.61) AMAZON CAPITAL SERVICES INC164778 Klein Pocket Knife Blk Return (30.68) Vendor: 10698 ‐ AT&T (CALNET3) #9391023386
AT&T (CALNET3) #9391023386 164670 Phone and Data Services 10/28/23 ‐ 11/27/23 30.64 Vendor 10698 ‐ AT&T (CALNET3) #9391023386 Total: 30.64
Vendor: 10709 ‐ AT&T (CALNET3) #9391023381
AT&T (CALNET3) #9391023381 164669 Phone and Data Services 10/20/23 ‐ 11/19/23 65.40 Vendor 10709 ‐ AT&T (CALNET3) #9391023381 Total: 65.40
Vendor: 2667 ‐ ANIXTER INC
ANIXTER INC 164780 JUNCTION, LOAD BREAK, 4‐WAY, 200A, W/O BRACKET 3,222.04 Vendor 2667 ‐ ANIXTER INC Total: 3,222.04
Vendor 10700 ‐ AT&T (CALNET3) #9391023388 Total: 237.92 Vendor: 10701 ‐ AT&T (CALNET3) #9391023389
AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 13.46 Vendor 10699 ‐ AT&T (CALNET3) #9391023387 Total: 30.90
Vendor: 10700 ‐ AT&T (CALNET3) #9391023388
AT&T (CALNET3) #9391023388 164672 Phone and Data Services 10/26/23 ‐ 11/25/23 237.92 Vendor: 10699 ‐ AT&T (CALNET3) #9391023387
AT&T (CALNET3) #9391023387 164671 Phone and Data Services 10/26/23 ‐ 11/25/23 30.90 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 322.21 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 55.01 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 40.35 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 108.75 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 155.70
6.B.a
Packet Pg. 50
Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 106.50 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 58.69 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 14.62 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 119.96 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 8.37 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 55.80 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 94.86 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 34.21 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 11.25 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 19.06 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 132.56 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 25.51 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 9.40 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 20.92 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 10.59 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 5.41 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 63.62 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 10.44 AT&T (CALNET3) #9391023389 164673 Phone and Data Services 10/26/23 ‐ 11/25/23 15.32 Vendor 10779 ‐ AT&T (CALNET3) #9391023391 Total: 28.64
Vendor: 10703 ‐ AT&T (CALNET3) #9391023392
AT&T (CALNET3) #9391023392 164676 Phone and Data Services 10/26/23 ‐ 11/25/23 30.90 Vendor 10702 ‐ AT&T (CALNET3) #9391023390 Total: 30.90
Vendor: 10779 ‐ AT&T (CALNET3) #9391023391
AT&T (CALNET3) #9391023391 164675 Phone and Data Services 10/14/23 ‐ 11/13/23 28.64 Vendor 10701 ‐ AT&T (CALNET3) #9391023389 Total: 1,512.57 Vendor: 10702 ‐ AT&T (CALNET3) #9391023390
AT&T (CALNET3) #9391023390 164674 Phone and Data Services 10/26/23 ‐ 11/25/23 30.90 Vendor 10780 ‐ AT&T (CALNET3) #9391023394 Total: 55.78
Vendor: 10782 ‐ AT&T (CALNET3) #9391023395
AT&T (CALNET3) #9391023395 164679 Phone and Data Services 10/14/23 ‐ 11/13/23 28.64 Vendor 10704 ‐ AT&T (CALNET3) #9391023393 Total: 30.90
Vendor: 10780 ‐ AT&T (CALNET3) #9391023394
AT&T (CALNET3) #9391023394 164678 Phone and Data Services 10/14/23 ‐ 11/13/23 55.78 Vendor 10703 ‐ AT&T (CALNET3) #9391023392 Total: 30.90
Vendor: 10704 ‐ AT&T (CALNET3) #9391023393
AT&T (CALNET3) #9391023393 164677 Phone and Data Services 10/26/23 ‐ 11/25/23 30.90 Vendor 10778 ‐ AT&T (CALNET3) #9391023397 Total: 28.79
Vendor: 10705 ‐ AT&T (CALNET3) #9391023399
AT&T (CALNET3) #9391023399 164682 Phone and Data Services 10/26/23 ‐ 11/25/23 60.26 Vendor 10781 ‐ AT&T (CALNET3) #9391023396 Total: 28.64
Vendor: 10778 ‐ AT&T (CALNET3) #9391023397
AT&T (CALNET3) #9391023397 164681 Phone and Data Services 10/14/23 ‐ 11/13/23 28.79 Vendor 10782 ‐ AT&T (CALNET3) #9391023395 Total: 28.64
Vendor: 10781 ‐ AT&T (CALNET3) #9391023396
AT&T (CALNET3) #9391023396 164680 Phone and Data Services 10/14/23 ‐ 11/13/23 28.64 AT&T (CALNET3) #9391068960 164683 Phone and Data Services 05/19/23‐06/18/23 4,669.67 AT&T (CALNET3) #9391068960 164683 Phone and Data Services 06/19/23 ‐07/18/23 4,669.67 AT&T (CALNET3) #9391068960 164683 Credit For Acct 831‐000‐7051‐049 (28,621.49) AT&T (CALNET3) #9391068960 164683 Phone and Data Services 04/19/23‐05/18/23 4,669.67 Vendor 10705 ‐ AT&T (CALNET3) #9391023399 Total: 60.26
Vendor: 10583 ‐ AT&T (CALNET3) #9391068960
AT&T (CALNET3) #9391068960 164683 Phone and Data Services 03/19/23‐04/18/23 5,047.78 Vendor 10583 ‐ AT&T (CALNET3) #9391068960 Total: 9,113.98 Vendor: 10706 ‐ AT&T (CALNET3) #9391080059
AT&T (CALNET3) #9391080059 164684 Phone and Data Services 10/28/23 ‐ 11/27/23 30.79 AT&T (CALNET3) #9391068960 164683 Phone and Data Services 9/19/23 ‐ 10/18/23 4,669.67 AT&T (CALNET3) #9391068960 164683 Phone and Data Services 10/19/23 ‐ 11/18/23 4,669.67 AT&T (CALNET3) #9391068960 164683 Phone and Data Services 07/19/23 ‐ 08/18/23 4,669.67 AT&T (CALNET3) #9391068960 164683 Phone and Data Services 08/19/23‐09/18/23 4,669.67 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 76.92 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 153.84 Vendor 10521 ‐ AT&T 289544058 Total: 96.30
Vendor: 6180 ‐ AT&T MOBILITY‐FIRST NET
AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 615.38 Vendor 10706 ‐ AT&T (CALNET3) #9391080059 Total: 30.79
Vendor: 10521 ‐ AT&T 289544058
AT&T 289544058 164781 SCADA Internet Service 12/07/23 ‐ 1/06/24 96.30 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 379.63 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 645.37 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 358.02 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 153.44
6.B.a
Packet Pg. 51
Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 279.14 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 816.20 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 446.37 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 153.84 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 312.46 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 133.91 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 56.94 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 859.58 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 698.82 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 400.34 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 230.77 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 1,616.83 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 3,002.19 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 765.48 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 399.73 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 293.92 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 384.65 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 164.85 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 50.04 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 100.09 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 325.78 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 139.62 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 59.96 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 897.63 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 679.54 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 859.42 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 150.13 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 1,616.83 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 1,442.76 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 602.86 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 465.40 AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 100.09 Vendor: 2498 ‐ AT&T
AT&T 164668 Phone and Data Services 11/07/23 ‐ 12/06/23 31.43 AT&T 164668 Phone and Data Services 11/07/23 ‐ 12/06/23 31.43 Vendor: 1713 ‐ AT&T
AT&T 164775 Phone and Data Services 11/10/23 ‐ 12/09/23 2,018.60 Vendor 1713 ‐ AT&T Total: 2,018.60
AT&T MOBILITY‐FIRST NET 164685 Phone and Data Services 722.26 Vendor 6180 ‐ AT&T MOBILITY‐FIRST NET Total: 21,611.03
AT&T 164668 Phone and Data Services 11/07/23 ‐ 12/06/23 31.43 AT&T 164668 Phone and Data Services 11/07/23 ‐ 12/06/23 31.43 AT&T 164668 Phone and Data Services 11/07/23 ‐ 12/06/23 31.43 AT&T 164668 Phone and Data Services 11/07/23 ‐ 12/06/23 31.43 AT&T 164668 Phone and Data Services 11/07/23 ‐ 12/06/23 61.54 AT&T 164668 Phone and Data Services 11/07/23 ‐ 12/06/23 31.43 Vendor: 10708 ‐ AVIATION MANAGEMENT CONSULTING GROUP INC AVIATION MANAGEMENT CONS164686 Ultralight and Paraglider Rules & Regulations R&D 217.25 Vendor 10708 ‐ AVIATION MANAGEMENT CONSULTING GROUP INC Total: 217.25 AT&T 164666 Phone and Data Services 10/18/23 ‐ 11/17/23 127.69 Vendor 6774 ‐ AT&T Total: 255.38
Vendor 2498 ‐ AT&T Total: 281.55
Vendor: 6774 ‐ AT&T
AT&T 164666 Phone and Data Services 09/18/23 ‐ 10/17/23 127.69 Vendor 1791 ‐ BAUER COMPRESSORS INC Total: 1,261.51
Vendor: 52 ‐ BECOMING INDEPENDENT
BECOMING INDEPENDENT 164783 Custodial & Parks Maintenance ‐ Sorrento 179.00 Vendor 6641 ‐ BADGER METER Total: 2,336.94
Vendor: 1791 ‐ BAUER COMPRESSORS INC
BAUER COMPRESSORS INC 164688 Regulator Assy, Firehwk, Threaded SLD 1,261.51 Vendor: 6641 ‐ BADGER METER
BADGER METER 164687 HR‐E or HR‐E LCD Encoder Register 99.00 BADGER METER 164782 Badger Meter ‐ E‐Series G2 Ultrasonic Lead 2,237.94 BECOMING INDEPENDENT 164783 Custodial & Parks Maintenance ‐ Gibbs Park 315.00 BECOMING INDEPENDENT 164783 Custodial & Parks Maintenance‐Plaza Park 373.00 BECOMING INDEPENDENT 164783 Custodial & Parks Maintenance Recreation Park 233.00 BECOMING INDEPENDENT 164783 Custodial & Parks Maintenance ‐ Badger Park 233.00 BECOMING INDEPENDENT 164783 Custodial & Parks Maintenance ‐Railroad Park 179.00 BECOMING INDEPENDENT 164783 Custodial & Parks Maintenance ‐Sonata Bus Stop 179.00 Vendor 52 ‐ BECOMING INDEPENDENT Total: 3,615.00
BECOMING INDEPENDENT 164783 Custodial & Parks Maintenance ‐ Streetscape 413.00 BECOMING INDEPENDENT 164783 Custodial & Parks Maintenance‐ West Plaza 610.00 BECOMING INDEPENDENT 164783 Custodial & Parks Maintenance Foss Creek Pathway 166.00 BECOMING INDEPENDENT 164783 Custodial & Parks Maintenance ‐ Giorgi Park 735.00
6.B.a
Packet Pg. 52
Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) Vendor: 2265 ‐ BELL'S AMBULANCE SERVICE
BELL'S AMBULANCE SERVICE 164689 Blood Draw Services 75.00 Vendor: 6619 ‐ BROADWAY SAN FRANCISCO LLC
BROADWAY SAN FRANCISCO LL 164690 Senior Center Lion King Trip ‐ 12/10/23 5,700.00 Vendor 6619 ‐ BROADWAY SAN FRANCISCO LLC Total: 5,700.00 Vendor: 8373 ‐ BOTELLO, AGUSTIN
BOTELLO, AGUSTIN 164784 Conservation Rebate ‐ E‐Bike Rebate 300.00 Vendor 8373 ‐ BOTELLO, AGUSTIN Total: 300.00
BELL'S AMBULANCE SERVICE 164689 Blood Draw Services 75.00 Vendor 2265 ‐ BELL'S AMBULANCE SERVICE Total: 150.00
Vendor 5628 ‐ BURTON'S FIRE, INC Total: 5,716.50
Vendor: 755 ‐ BWS DISTRIBUTORS INC
BWS DISTRIBUTORS INC 164692 Repair Parts For the Magnolia Lift Station Gas Dtc. 280.00 Vendor 7137 ‐ BUREAU VERITAS NORTH AMERICA INC Total: 9,803.75 Vendor: 5628 ‐ BURTON'S FIRE, INC
BURTON'S FIRE, INC 164691 VEH 6361 ‐ E Supplies 5,716.50 Vendor: 7137 ‐ BUREAU VERITAS NORTH AMERICA INC
BUREAU VERITAS NORTH AMER164785 Building Inspection Svcs for Enso Sr Living Comm. 9,500.00 BUREAU VERITAS NORTH AMER164785 Plan Review Services 303.75 Vendor: 4127 ‐ CALIFORNIA STATE DISBURSEMENT UNIT
CALIFORNIA STATE DISBURSEM 164697 Child Support 403.38 CALIFORNIA STATE DISBURSEM 164696 Child Support 1,292.30 CA DEPARTMENT OF TAX AND F164693 Water Rights ‐ Voucher #583701644 1,898.10 Vendor 5763 ‐ CA DEPARTMENT OF TAX AND FEE ADMINISTRATION Total: 2,260.01 Vendor 755 ‐ BWS DISTRIBUTORS INC Total: 280.00
Vendor: 5763 ‐ CA DEPARTMENT OF TAX AND FEE ADMINISTRATION CA DEPARTMENT OF TAX AND F164694 Water Rights ‐ Voucher #583663731 361.91 Vendor 4127 ‐ CALIFORNIA STATE DISBURSEMENT UNIT Total: 3,741.36 Vendor: 692 ‐ CALIFORNIA STATE FIREFIGHTERS' ASSOCIATION CALIFORNIA STATE FIREFIGHTER164698 iMIS Active Membership for 31 2,635.00 CALIFORNIA STATE DISBURSEM 164850 Child Support 1,292.30 CALIFORNIA STATE DISBURSEM 164848 Child Support 175.00 CALIFORNIA STATE DISBURSEM 164695 Child Support 175.00 CALIFORNIA STATE DISBURSEM 164849 Child Support 403.38 CALPERS DFT0008974 PERS Safety 2nd Level 334.84 CALPERS DFT0008979 PERS‐Misc‐New (99.72) CALPERS DFT0008978 PD Uniform Allowance PPE 12/02/23 12 of 26 9.00 CALPERS DFT0008978 PD Uniform Allowance PPE 12/02/23 12 of 26 2.46 Vendor 692 ‐ CALIFORNIA STATE FIREFIGHTERS' ASSOCIATION Total: 2,635.00 Vendor: 4165 ‐ CALPERS
CALPERS DFT0008978 PD Uniform Allowance PPE 12/02/23 12 of 26 19.99 CALPERS DFT0008937 PERS‐PD‐Classic 2,528.37 CALPERS DFT0008938 PERS‐FIRE‐Classic 2,384.34 CALPERS DFT0008935 PERS‐PD‐New 7,821.59
CALPERS DFT0008936 PERS‐FIRE‐New 4,908.89 CALPERS DFT0008980 PERS‐EE Pepra (102.83) CALPERS DFT0008928 PERS EE Misc Classic 6,170.18 CALPERS DFT0008943 PERS‐Misc‐New 20,216.63
CALPERS DFT0008944 PERS Contribution 98.93 CALPERS DFT0008941 PERS‐PD‐Classic 2nd Level 824.31 CALPERS DFT0008942 PERS‐PD‐Classic 2nd Level 922.68 CALPERS DFT0008939 PERS‐PD‐Classic 2,545.05 CALPERS DFT0008940 PERS‐FIRE‐Classic 4,009.35 CALPERS DFT0008952 PERS‐Safety 2nd Level 1,236.81 CALPERS DFT0008953 PERS Survivor Benefit 132.06 CALPERS DFT0008947 PERS‐MISC‐CLASSIC 1st Level 22,269.31 CALPERS DFT0008948 PERS‐MISC‐2nd Level 9,581.39 CALPERS DFT0008945 PERS‐EE Pepra 20,848.38
CALPERS DFT0008946 PERS Classic EE 1st Level 11,940.65
CALPERS DFT0009026 PERS‐EE Pepra (297.85) CALPERS DFT0008988 PERS EE Misc Classic 6,177.48 CALPERS DFT0008956 PERS Safety 2nd Level 12,593.07 CALPERS DFT0009025 PERS‐Misc‐New (201.83) CALPERS DFT0008954 PERS‐Safety 1st Level 3,262.25 CALPERS DFT0008955 PERS‐Safety 1st Level 1,630.93 CALPERS DFT0008998 PERS‐PD‐Classic 2,558.15 CALPERS DFT0008999 PERS‐FIRE‐Classic 3,982.69 CALPERS DFT0008996 PERS‐PD‐Classic 2,528.37 CALPERS DFT0008997 PERS‐FIRE‐Classic 2,384.34 CALPERS DFT0008994 PERS‐PD‐New 7,943.16
CALPERS DFT0008995 PERS‐FIRE‐New 4,922.76 CALPERS DFT0009000 PERS‐PD‐Classic 2nd Level 824.30 CALPERS DFT0009001 PERS‐PD‐Classic 2nd Level 922.68
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Packet Pg. 53
Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) CALPERS DFT0009004 PERS‐EE Pepra 20,957.31
CALPERS DFT0009005 PERS Classic EE 1st Level 11,934.30
CALPERS DFT0009002 PERS‐Misc‐New 20,235.24
CALPERS DFT0009003 PERS Contribution 98.80 CALPERS DFT0009013 PERS‐Safety 1st Level 3,255.50 CALPERS DFT0009014 PERS‐Safety 1st Level 1,630.93 CALPERS DFT0009011 PERS‐Safety 2nd Level 1,236.81 CALPERS DFT0009012 PERS Survivor Benefit 132.06 CALPERS DFT0009006 PERS‐MISC‐CLASSIC 1st Level 22,257.45 CALPERS DFT0009007 PERS‐MISC‐2nd Level 9,592.71 Vendor 1799 ‐ CDW‐G Total: 9,792.09
Vendor: 2864 ‐ CENTRAL VALLEY BUILDERS SUPPLY
CENTRAL VALLEY BUILDERS SUP164786 Waterproof Rubber Boot 174.39 Vendor: 1799 ‐ CDW‐G
CDW‐G 164699 APC Replacement Battery Cartridge #7 686.06 CDW‐G 164699 ADO Acrobat Pro Supplies 9,106.03
CALPERS DFT0009015 PERS Safety 2nd Level 13,065.48 Vendor 4165 ‐ CALPERS Total: 272,229.75
Vendor: 4112 ‐ CHRISTOPHER C CONOVER
CHRISTOPHER C CONOVER 164701 Navigation Quarterly Pest Control Services 23‐24 60.00 CHRISTOPHER C CONOVER 164701 IT Tower Quarterly Pest Control Services 23‐24 65.00 Centura Health Corporation 164851 Earnings Withholding Order for Taxes 861.38 Vendor 10823 ‐ Centura Health Corporation Total: 1,523.05 Vendor 2864 ‐ CENTRAL VALLEY BUILDERS SUPPLY Total: 174.39 Vendor: 10823 ‐ Centura Health Corporation
Centura Health Corporation 164700 Earnings Withholding Order for Taxes 661.67 Vendor: 10590 ‐ CINTAS CORPORATION NO. 2
CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 79.18 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 54.25 Vendor: 91100 ‐ CHRISTOPHER NOLAN
CHRISTOPHER NOLAN 164702 Conservation Rebate ‐ Smart Thermostat 50.00 Vendor 91100 ‐ CHRISTOPHER NOLAN Total: 50.00
CHRISTOPHER C CONOVER 164701 Passalacqua Quarterly Pest Control Services 23‐24 75.00 Vendor 4112 ‐ CHRISTOPHER C CONOVER Total: 200.00
CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 46.01 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 51.34 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 46.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 46.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 46.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 81.81 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 34.86 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 81.81 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 16.93 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 28.87 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 62.50 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 54.25 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 42.62 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 79.18 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 16.93 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 28.87 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 62.51 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 51.34 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 62.50 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 62.50 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 54.25 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 34.86 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 42.62 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 81.81 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 81.81 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 26.58 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 51.34 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 26.57 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 26.57 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 26.57 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.43 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.42 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 16.93 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 28.87
6.B.a
Packet Pg. 54
Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 34.86 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 42.62 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 30.42 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 30.42 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 84.25 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 54.25 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 28.87 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.43 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 51.34 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 16.93 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 30.42 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 30.42 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 62.21 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 54.25 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 81.75 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 62.22 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.42 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 34.86 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 34.86 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 30.16 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.43 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.42 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 16.93 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 28.87 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 30.15 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 51.34 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 30.16 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 30.15 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.43 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.42 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 84.25 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 54.25 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 38.80 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 51.34 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 38.79 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 38.79 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 34.86 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 38.79 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 81.75 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 54.25 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 16.93 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 28.87 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 114.83 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 114.83 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 34.86 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 114.83 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.43 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.42 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 81.75 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 54.25 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 16.93 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 28.87 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 114.83 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 51.34 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 167.23 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 51.34 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 167.23 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 167.23 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 167.23 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 34.86 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 81.75 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.43 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.43 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 16.93 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 28.87 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 54.25 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00
6.B.a
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Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.42 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 34.86 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 35.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 83.43 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 51.34 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 16.93 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 71.01 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 71.00 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 71.01 CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 71.01 Vendor: 6791 ‐ COMCAST ‐ 112 BROAD ST
COMCAST ‐ 112 BROAD ST 164704 Internet Services 11/19/23 ‐ 12/18/23 277.31 Vendor 6791 ‐ COMCAST ‐ 112 BROAD ST Total: 277.31
Vendor: 2655 ‐ CODE PUBLISHING COMPANY
CODE PUBLISHING COMPANY 164703 Supplemental Code Updates & Land Zone Use 1,950.50 Vendor 2655 ‐ CODE PUBLISHING COMPANY Total: 1,950.50
CINTAS CORPORATION NO. 2 164787 Uniform & Floor Mat Facility Svcs Cont R‐BB‐19002 28.87 Vendor 10590 ‐ CINTAS CORPORATION NO. 2 Total: 7,022.65 COOPERATIVE RESPONSE CENT 164789 After Hours Call Center ‐ November Fee 2023 532.88 Vendor 3917 ‐ COOPERATIVE RESPONSE CENTER INC Total: 1,598.65 Vendor: 3917 ‐ COOPERATIVE RESPONSE CENTER INC
COOPERATIVE RESPONSE CENT 164789 After Hours Call Center ‐ November Fee 2023 532.88 COOPERATIVE RESPONSE CENT 164789 After Hours Call Center ‐ November Fee 2023 532.89 Vendor: 4086 ‐ COMCAST‐ 401 GROVE
COMCAST‐ 401 GROVE 164705 Internet Services 11/20/23 ‐ 12/19/23 148.20 Vendor 4086 ‐ COMCAST‐ 401 GROVE Total: 148.20
DC ELECTRIC GROUP, INC. 164791 Pull wire from Tesco pedestal southside to center 14,131.00 Vendor 3944 ‐ DC ELECTRIC GROUP, INC. Total: 19,424.47
Vendor: 3944 ‐ DC ELECTRIC GROUP, INC.
DC ELECTRIC GROUP, INC. 164706 Traffic Signal Maintenance 3,512.12 DC ELECTRIC GROUP, INC. 164706 Traffic Signal Maintenance 1,781.35 Vendor: 1956 ‐ CRITICAL REACH, INC.
CRITICAL REACH, INC. 164790 APBnet Annual Support Fee For 2024 325.00 Vendor 1956 ‐ CRITICAL REACH, INC. Total: 325.00
Vendor 10863 ‐ DEREK SHEETS Total: 100.00
Vendor: 5788 ‐ DEVELOPMENT GROUP, INC
DEVELOPMENT GROUP, INC 164708 Video Conferencing Equipment 5 yr support agreement 14,955.75 Vendor: 10863 ‐ DEREK SHEETS
DEREK SHEETS 164792 CA General Electrician Certificate 50.00 DEREK SHEETS 164792 CA General Electrician Certificate 50.00 Vendor: 108 ‐ DEPARTMENT OF TRANSPORTATION
DEPARTMENT OF TRANSPORTA164707 Signals & Lighting Inv SL230936 ‐ NSF Ck 163202 25.00 Vendor 108 ‐ DEPARTMENT OF TRANSPORTATION Total: 25.00
DKF SOLUTIONS GROUP LLC 164709 Monthly Subscription Fee 70.00 DKF SOLUTIONS GROUP LLC 164709 Monthly Subscription Fee 70.00 Vendor 7251 ‐ DISSIGNO HEALDSBURG FPV,LLC Total: 24,877.09 Vendor: 3174 ‐ DKF SOLUTIONS GROUP LLC
DKF SOLUTIONS GROUP LLC 164709 Monthly Subscription Fee 70.00 Vendor 5788 ‐ DEVELOPMENT GROUP, INC Total: 14,955.75
Vendor: 7251 ‐ DISSIGNO HEALDSBURG FPV,LLC
DISSIGNO HEALDSBURG FPV,LLC164793 November 2023 Generation 24,877.09 Vendor 10283 ‐ DMR BUILDERS Total: 22,818.82
Vendor: 10353 ‐ DRAPER, THOMAS
DRAPER, THOMAS 164710 Training ‐ Per Diem 407.00 Vendor 3174 ‐ DKF SOLUTIONS GROUP LLC Total: 350.00
Vendor: 10283 ‐ DMR BUILDERS
DMR BUILDERS 164794 DMR Builders Retention Release on CS005 22,818.82 DKF SOLUTIONS GROUP LLC 164709 Monthly Subscription Fee 70.00 DKF SOLUTIONS GROUP LLC 164709 Monthly Subscription Fee 70.00 Vendor 952 ‐ EBA ENGINEERING Total: 245.00
Vendor: 2577 ‐ EFFICIENCY SERVICES GROUP LLC
EFFICIENCY SERVICES GROUP LL164797 Energy Efficiency Programs/Online App Portal 35.00 Vendor 3697 ‐ EASTERN AVIATION FUELS Total: 42,877.34
Vendor: 952 ‐ EBA ENGINEERING
EBA ENGINEERING 164796 Evaluation of Foley Pavilion Construction Drawings 245.00 Vendor 10353 ‐ DRAPER, THOMAS Total: 407.00
Vendor: 3697 ‐ EASTERN AVIATION FUELS
EASTERN AVIATION FUELS 164795 Aviation Fuel for Hbg Airport 42,877.34 Vendor: 10807 ‐ ELLIS FLOORING INC
EFFICIENCY SERVICES GROUP LL164797 Energy Efficiency Programs/Online App Portal 1,999.20 Vendor 2577 ‐ EFFICIENCY SERVICES GROUP LLC Total: 2,034.20
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Packet Pg. 56
Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) Vendor: 4084 ‐ EMPLOYMENT DEVELOPMENT DEPARTMENT
EMPLOYMENT DEVELOPMENT D164712 Earnings Withholding Order for Taxes 318.32 EMPLOYMENT DEVELOPMENT D164852 Earnings Withholding Order for Taxes 318.32 ELLIS FLOORING INC 164711 Repair Villa Kitchen Flooring 1,429.00 Vendor 10807 ‐ ELLIS FLOORING INC Total: 1,429.00
Vendor 125 ‐ ENGELKE CONSTRUCTION INC Total: 722.35
Vendor: 430 ‐ EQUIFAX CREDIT INFORMATION
EQUIFAX CREDIT INFORMATION164799 Monthly Jurisdiction Services 20.00 Vendor 3372 ‐ ENCORE EVENTS RENTALS Total: 1,130.00
Vendor: 125 ‐ ENGELKE CONSTRUCTION INC
ENGELKE CONSTRUCTION INC 164798 Vegetation Pick up at Corp Yard for Parks Dept. 722.35 Vendor 4084 ‐ EMPLOYMENT DEVELOPMENT DEPARTMENT Total: 636.64 Vendor: 3372 ‐ ENCORE EVENTS RENTALS
ENCORE EVENTS RENTALS 164713 Merry Healdsburg ‐ Event Stage 1,130.00 Vendor 8087 ‐ FRANKLIN, SUZANNE Total: 114.05
Vendor: 3958 ‐ GARRETT HARDWARE‐ACCT #9292
GARRETT HARDWARE‐ACCT #92164715 Pressure Treated Fir 52.76 Vendor 3128 ‐ EUREKA OXYGEN INC Total: 70.50
Vendor: 8087 ‐ FRANKLIN, SUZANNE
FRANKLIN, SUZANNE 164853 Solar Refund 114.05 Vendor 430 ‐ EQUIFAX CREDIT INFORMATION Total: 20.00
Vendor: 3128 ‐ EUREKA OXYGEN INC
EUREKA OXYGEN INC 164714 Cylinder Rental 10 Qty 70.50 GARRETT HARDWARE‐ACCT #92164715 Compactor Bags/Elect Tape/Cable Tie 32.44 GARRETT HARDWARE‐ACCT #92164715 Folding Earmuff Blk 29.42 GARRETT HARDWARE‐ACCT #92164715 FG Quick LK 3/8X3‐3/16 10.88 GARRETT HARDWARE‐ACCT #92164715 Bulk Bolts and Bag Balm 10 oz 9.64 GARRETT HARDWARE‐ACCT #92164715 Nestle Pure Life 24PK 36.76 GARRETT HARDWARE‐ACCT #92164715 Conn Butt INS22‐18G PK10 5.00 Vendor: 3959 ‐ GARRETT HARDWARE‐ACCT #9296
GARRETT HARDWARE‐ACCT #92164716 Shop Supplies ‐Disfct Spray/Liq. Handsoap/Febreeze 27.22 GARRETT HARDWARE‐ACCT #92164716 Shop Supplies ‐ Battery & Compact Inflator 283.38 GARRETT HARDWARE‐ACCT #92164715 Adapter 5 Outlet Ylw Card/Woodglue/Brass/Tape/Hose 49.43 Vendor 3958 ‐ GARRETT HARDWARE‐ACCT #9292 Total: 366.93 GARRETT HARDWARE‐ACCT #92164715 Clamp/HP Ultra 12.8 6PK/HP Ultra Oil 69.95 GARRETT HARDWARE‐ACCT #92164715 Nature ‐ Mulch/Nestle Pure Life 24PK/Cable Tie 70.65 GARRETT HARDWARE‐ACCT #92164716 Fire Dept ‐ Roof Coating EV Wht Gal & Paint Brush 61.01 GARRETT HARDWARE‐ACCT #92164716 Police Dept ‐ Bulk Bolts 5.16 GARRETT HARDWARE‐ACCT #92164716 VEH 35 ‐ Spray Paint ‐ Chestnut 2.91 GARRETT HARDWARE‐ACCT #92164716 Senior Center ‐ Chain/Cab/Garage Lube/Battery 49.01 GARRETT HARDWARE‐ACCT #92164716 VEH 35 ‐ Spray Paint ‐ Chestnut 2.90 GARRETT HARDWARE‐ACCT #92164716 VEH 35 ‐ Spray Paint ‐ Chestnut 2.90 GARRETT HARDWARE‐ACCT #92164717 Parts For The Recycled Water Amiad Filter 24.81 GARRETT HARDWARE‐ACCT #92164717 Fitting For Recycled Water Pump Air Release Valve 23.96 Vendor 3959 ‐ GARRETT HARDWARE‐ACCT #9296 Total: 470.00 Vendor: 3960 ‐ GARRETT HARDWARE‐ACCT #9297
GARRETT HARDWARE‐ACCT #92164717 Nipple/Elbow GLV DEG ST & EQL 13.27 GARRETT HARDWARE‐ACCT #92164716 Police Dept ‐ Bit Drill Percus 5/32X6 8.27 GARRETT HARDWARE‐ACCT #92164716 Shop Supplies ‐ Contractor Bag 42G 40PK 27.24 GARRETT HARDWARE‐ACCT #92164717 Tubing For Recycled Water Amiad Filter 17.63 GARRETT HARDWARE‐ACCT #92164717 Anchor/Bit Drill/PP Concrete Screw 30.38 GARRETT HARDWARE‐ACCT #92164717 Parts for Controls Of The Biosolids Conveyor 39.59 GARRETT HARDWARE‐ACCT #92164717 Tubing For Magnolia PS Sump Pumps 43.10 GARRETT HARDWARE‐ACCT #92164717 U Bolt 29.40 GARRETT HARDWARE‐ACCT #92164717 Carabiner Key Chain and Single Sided Key 14.34 Vendor 3960 ‐ GARRETT HARDWARE‐ACCT #9297 Total: 358.31 Vendor: 3986 ‐ GARRETT HARDWARE‐ACCT#9298,9299
GARRETT HARDWARE‐ACCT#92164718 Building Materials Scrap and Washer Cleaner AFFresh 31.59 GARRETT HARDWARE‐ACCT #92164717 Fasteners For The Biosolids Conveyor Controls 32.48 GARRETT HARDWARE‐ACCT #92164717 Battery 303/357 3PK 10.89 GARRETT HARDWARE‐ACCT #92164717 Quick Coupler 1/4" M Soc 13.07 GARRETT HARDWARE‐ACCT #92164717 Parts‐Biosolids Conveyor Control Automation Install 65.39 GARRETT HARDWARE‐ACCT929164719 Fence Strap HD GLV and Sink Nail Vinyl 20.68 GARRETT HARDWARE‐ACCT929164719 Filler Cap 17.42 Vendor 3986 ‐ GARRETT HARDWARE‐ACCT#9298,9299 Total: 263.51 Vendor: 136 ‐ GARRETT HARDWARE‐ACCT9294,9295
GARRETT HARDWARE‐ACCT929164719 Cleaner Pine‐Sol 48 & 28 oz 18.50 GARRETT HARDWARE‐ACCT#92164718 36" Bar and 36 RHF Rapid Hexa Chain 218.85 GARRETT HARDWARE‐ACCT#92164718 VEH 35 ‐ Cord Bungee 6PK 13.07 GARRETT HARDWARE‐ACCT929164719 Balast Bypass 32W DL 48"L 108.99 GARRETT HARDWARE‐ACCT929164719 Key Krafter Rubber HD 14.37 GARRETT HARDWARE‐ACCT929164719 Lock Key Storge W/Shackle 45.77 GARRETT HARDWARE‐ACCT929164719 Single Sided Key and Bulk Bolts 12.31
6.B.a
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Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) GARRETT HARDWARE‐ACCT929164719 Stick Drain Stanley and Skinny Snake Drain Cleaner 25.05 GARRETT HARDWARE‐ACCT929164719 Scissor 3PC and Mono Filment 400yd 16.31 Vendor: 832 ‐ GENERAL PACIFIC INC
GENERAL PACIFIC INC 164720 METER, CENTRON, FM2S,CL200, TANT READY, C1SX, 240V 21,189.60 Vendor 832 ‐ GENERAL PACIFIC INC Total: 21,189.60
GARRETT HARDWARE‐ACCT929164719 Fuel 128 oz GAL and Filler/Glue Cold Weld 1 oz 41.40 Vendor 136 ‐ GARRETT HARDWARE‐ACCT9294,9295 Total: 413.35 GARRETT HARDWARE‐ACCT929164719 80# Redimix Concrete 53.33 GARRETT HARDWARE‐ACCT929164719 Cable Tie 40" & 14.5" Blk 39.22 Vendor 10755 ‐ Global Upside Corporation Total: 8,282.00 Vendor: 142 ‐ GRAINGER INC
GRAINGER INC 164722 Trash Bags/Laundry Detergent/Batteries AA,AAA,C 391.85 Global Upside Corporation 164800 Temp Finance Specialist 2,624.00 Global Upside Corporation 164800 Temp Finance Specialist 2,419.00 Vendor: 10755 ‐ Global Upside Corporation
Global Upside Corporation 164721 Temp Finance Specialist 2,583.00 Global Upside Corporation 164721 Temp Finance Specialist 656.00 Vendor 142 ‐ GRAINGER INC Total: 779.04
Vendor: 10654 ‐ GRAWUNDER, JOHANNA
GRAWUNDER, JOHANNA 164802 Fitch Sculpture Design & Development Services 5,000.00 GRAINGER INC 164722 Battery 12VDC ‐ 2PK 21.14 GRAINGER INC 164801 Battery(s) AAA/9V/12VDC 44.04 GRAINGER INC 164722 Cleaner Disinfectant 201.85 GRAINGER INC 164722 Paper Towels 16PK 120.16 Vendor 6478 ‐ GUTTMANN & BLAEVOET Total: 390.00
Vendor: 5074 ‐ HAGELE, DAVID
HAGELE, DAVID 164723 Monthly Data Reimb ‐ December 2023 50.00 Vendor 6357 ‐ GREGORY WEKSEL Total: 2,560.00
Vendor: 6478 ‐ GUTTMANN & BLAEVOET
GUTTMANN & BLAEVOET 164804 Zero Emissions Building Reach Code Adoption 390.00 Vendor 10654 ‐ GRAWUNDER, JOHANNA Total: 5,000.00
Vendor: 6357 ‐ GREGORY WEKSEL
GREGORY WEKSEL 164803 Instructor Payment 2,560.00 Vendor 7191 ‐ HEALDSBURG FIREFIGHTERS ASSOCIATION Total: 350.00 Vendor: 181 ‐ HEALDSBURG POLICE OFFICER ASSC
HEALDSBURG POLICE OFFICER A164724 HPOA Dues 1,187.50 Vendor 1396 ‐ HEALDSBURG CHAMBER OF COMMERCE Total: 164,052.87 Vendor: 7191 ‐ HEALDSBURG FIREFIGHTERS ASSOCIATION
HEALDSBURG FIREFIGHTERS AS 164854 Firefighter Reserves Dues 350.00 Vendor 5074 ‐ HAGELE, DAVID Total: 50.00
Vendor: 1396 ‐ HEALDSBURG CHAMBER OF COMMERCE
HEALDSBURG CHAMBER OF CO 164805 HTID 2% HPA October 2023 ‐ 98.8% of Assessment 164,052.87 Vendor: 3307 ‐ HINDERLITER, DELLAMAS & ASSOCIATES
HINDERLITER, DELLAMAS & ASS164806 Cannabis Management Services 750.00 Vendor 3307 ‐ HINDERLITER, DELLAMAS & ASSOCIATES Total: 750.00 Vendor: 169 ‐ HEALDSBURG SIGNS INC
HEALDSBURG SIGNS INC 164725 Re‐Stripe Passenger Side of 6300 482.45 Vendor 169 ‐ HEALDSBURG SIGNS INC Total: 482.45
HEALDSBURG POLICE OFFICER A164855 HPOA Dues 1,187.50 Vendor 181 ‐ HEALDSBURG POLICE OFFICER ASSC Total: 2,375.00 Vendor: 6368 ‐ HUMANE SOCIETY OF SONOMA COUNTY
HUMANE SOCIETY OF SONOMA164727 Animal Care and Control FY 23/24 21,150.00 Vendor 6368 ‐ HUMANE SOCIETY OF SONOMA COUNTY Total: 21,150.00 Vendor: 2953 ‐ HUBER TECHNOLOGY INC
HUBER TECHNOLOGY INC 164807 Longopac Bag Antistatic 1,408.00 Vendor 2953 ‐ HUBER TECHNOLOGY INC Total: 1,408.00
Vendor: 6856 ‐ HROD INC
HROD INC 164726 Federal Advocacy Services ‐ COVID 19 6,737.66 Vendor 6856 ‐ HROD INC Total: 6,737.66
IBEW LOCAL 1245 164857 IBEW Dues 3,706.50 Vendor 184 ‐ IBEW LOCAL 1245 Total: 7,413.00
Vendor 183 ‐ IAFF LOCAL 2604 Total: 1,683.28
Vendor: 184 ‐ IBEW LOCAL 1245
IBEW LOCAL 1245 164729 IBEW Dues 3,706.50 Vendor: 183 ‐ IAFF LOCAL 2604
IAFF LOCAL 2604 164728 IAFF dues 841.64 IAFF LOCAL 2604 164856 IAFF dues 841.64 ICMA RETIREMENT CORPORATI DFT0008930 457 Contribution 4,844.00 Vendor: 187 ‐ ICMA RETIREMENT CORPORATION
ICMA RETIREMENT CORPORATI DFT0008927 401A 1,442.13 ICMA RETIREMENT CORPORATI DFT0008929 457 Contribution 14,630.00
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Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) ICMA RETIREMENT CORPORATI DFT0008931 PTS 457 Contribution 2,547.41 ICMA RETIREMENT CORPORATI DFT0008950 Roth 457 EE Contribution 3,051.00 ICMA RETIREMENT CORPORATI DFT0008951 Roth IRA EE Contribution 225.00 ICMA RETIREMENT CORPORATI DFT0008934 401A Loan Repayment 1,100.23 ICMA RETIREMENT CORPORATI DFT0008949 Roth 457 EE % Contribution 1,720.64 ICMA RETIREMENT CORPORATI DFT0008932 PTS 457 Contribution 866.00 ICMA RETIREMENT CORPORATI DFT0008933 457 Loan Repayment 1,263.95 ICMA RETIREMENT CORPORATI DFT0008992 457 Loan Repayment 1,263.95 ICMA RETIREMENT CORPORATI DFT0008993 401A Loan Repayment 1,100.23 ICMA RETIREMENT CORPORATI DFT0008990 457 Contribution 5,426.27 ICMA RETIREMENT CORPORATI DFT0008991 PTS 457 Contribution 3,766.97 ICMA RETIREMENT CORPORATI DFT0008987 401A 1,609.67 ICMA RETIREMENT CORPORATI DFT0008989 457 Contribution 15,221.00 Vendor 187 ‐ ICMA RETIREMENT CORPORATION Total: 64,625.03 Vendor: 2906 ‐ INDEPENDENT ELECTRIC SUPPLY, INC
INDEPENDENT ELECTRIC SUPPLY164730 PVC 4.0 (60) Qty 367.60 ICMA RETIREMENT CORPORATI DFT0009010 Roth IRA EE Contribution 225.00 ICMA RETIREMENT CORPORATI DFT0009020 PTS 457 Contribution 55.69 ICMA RETIREMENT CORPORATI DFT0009008 Roth 457 EE % Contribution 1,730.89 ICMA RETIREMENT CORPORATI DFT0009009 Roth 457 EE Contribution 2,535.00 INTERNAL REVENUE SERVICE DFT0008966 Medicare (72.50) INTERNAL REVENUE SERVICE DFT0008975 Fed W/H (73.66) Vendor 3637 ‐ INLAND BUSINESS MACHINES NC Total: 591.97 Vendor: 487 ‐ INTERNAL REVENUE SERVICE
INTERNAL REVENUE SERVICE DFT0008964 Fed W/H (550.00) Vendor 2906 ‐ INDEPENDENT ELECTRIC SUPPLY, INC Total: 367.60 Vendor: 3637 ‐ INLAND BUSINESS MACHINES NC
INLAND BUSINESS MACHINES N164731 Contract Services 11/18/23 ‐ 12/17/23 591.97 INTERNAL REVENUE SERVICE DFT0008968 Fed W/H 550.00 INTERNAL REVENUE SERVICE DFT0008970 Medicare 72.50 INTERNAL REVENUE SERVICE DFT0008957 Fed W/H 85,814.91 INTERNAL REVENUE SERVICE DFT0008959 Medicare 21,949.69 INTERNAL REVENUE SERVICE DFT0008982 Fed W/H (137.23) INTERNAL REVENUE SERVICE DFT0008984 Medicare (36.14) INTERNAL REVENUE SERVICE DFT0009028 Fed W/H 71.39 Vendor 487 ‐ INTERNAL REVENUE SERVICE Total: 222,445.24 INTERNAL REVENUE SERVICE DFT0009021 Fed W/H 49.73 INTERNAL REVENUE SERVICE DFT0009023 Medicare 21.54 INTERNAL REVENUE SERVICE DFT0009016 Fed W/H 91,185.12 INTERNAL REVENUE SERVICE DFT0009018 Medicare 23,599.89 Vendor: 91107 ‐ JENNIFER KLEIN
JENNIFER KLEIN 164733 Utility Refund 28.02 JENNIFER KLEIN 164733 Utility Refund 84.76 JANTZ, KATELYN 164732 CALPELRA Conference ‐ Per Diem 68.00 Vendor 10429 ‐ JANTZ, KATELYN Total: 307.70
Vendor: 10429 ‐ JANTZ, KATELYN
JANTZ, KATELYN 164732 CALPELRA Conference ‐ Incidental & Bridge Toll 17.00 JANTZ, KATELYN 164732 CALPELRA Conference ‐ Mileage 222.70 Vendor: 200 ‐ KAISER PERMANENTE
KAISER PERMANENTE 164809 January 2024 Premiums 141,243.72 Vendor 200 ‐ KAISER PERMANENTE Total: 141,243.72
JM SQUARED ASSOCIATES INC 164808 Freight 39.65 Vendor 2628 ‐ JM SQUARED ASSOCIATES INC Total: 5,381.92 Vendor 91107 ‐ JENNIFER KLEIN Total: 112.78
Vendor: 2628 ‐ JM SQUARED ASSOCIATES INC
JM SQUARED ASSOCIATES INC 164808 Repair kit 5,342.27 Vendor: 96 ‐ L.N. CURTIS & SONS INC
L.N. CURTIS & SONS INC 164734 Wildland Fire Boot ‐ Blk 359.01 L.N. CURTIS & SONS INC 164812 X‐Large Black Duty Rain Pant 130.03 Vendor: 3971 ‐ KUNTZ, KRIS
KUNTZ, KRIS 164811 Work Boots 130.79
Vendor 3971 ‐ KUNTZ, KRIS Total: 130.79
Vendor: 91016 ‐ KATHERINE MARIE WOLFF
KATHERINE MARIE WOLFF 164810 Instructor Payment 420.00 Vendor 91016 ‐ KATHERINE MARIE WOLFF Total: 420.00
LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ Parkland Hills Zone 1 2,000.00 LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ City Hall 1,167.00 LANDCARE HOLDINGS, INC 164735 Parts & Materials 170.31 LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ Sonata Zone 5 ‐ Bus Depot 400.00 Vendor 96 ‐ L.N. CURTIS & SONS INC Total: 489.04
Vendor: 7031 ‐ LANDCARE HOLDINGS, INC
LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ Passalacqua Pump Station 1,329.69 LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ Sorrento Zone 6 560.00
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Packet Pg. 59
Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ Community Center Interior 522.00 LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ City Hall/Foss Creek Vegetation 475.00 LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ Chamber Turf 300.00 LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ Healdsburg Ave Zone 3 1,613.00 LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ Roundabout 2,275.00 Vendor: 3012 ‐ LANDPATHS
LANDPATHS 164813 Management of Fitch Mtn Hbg Ridge & Open Space 789.30 Vendor 3012 ‐ LANDPATHS Total: 789.30
LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ Three Entry Islands 433.00 Vendor 7031 ‐ LANDCARE HOLDINGS, INC Total: 12,978.00
LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ Downtown Bulbouts 1,125.00 LANDCARE HOLDINGS, INC 164735 Landscape Maintenance ‐ Rain Garden/Bioswales 608.00 Vendor: 2079 ‐ LIFE‐ASSIST INC
LIFE‐ASSIST INC 164736 Medical Supplies 535.59 Vendor 2079 ‐ LIFE‐ASSIST INC Total: 535.59
LAVISH THEATERS CORP. 164814 Audio/Visual Training and Other 200.00 Vendor 3359 ‐ LAVISH THEATERS CORP. Total: 1,475.00
Vendor: 3359 ‐ LAVISH THEATERS CORP.
LAVISH THEATERS CORP. 164814 Audio/Visual Training and Other Designated Svcs 825.00 LAVISH THEATERS CORP. 164814 Audio/Visual Training and Other 450.00 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 47.49 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 138.63 Vendor: 2825 ‐ LINCOLN NATIONAL LIFE INS COMPANY
LINCOLN NATIONAL LIFE INS CO164815 January Premiums 68.87 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 184.87 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 69.49 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 161.73 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 92.49 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 152.95 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 41.79 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 269.77 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 303.80 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 590.65 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 97.26 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 1,233.62 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 56.60 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 251.10 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 2.06 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 0.83 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 11.39 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 4.53 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 152.58 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 46.21 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 0.28 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 0.83 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 1.07 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 0.83 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 0.28 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 2.50 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 64.08 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 309.70 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 0.28 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 171.72 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 0.28 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 0.83 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 122.96 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 414.96 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 132.43 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 307.20 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 123.89 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 329.94 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 95.48 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 46.21 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 42.29 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 255.54 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 167.81 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 116.63 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 15.95 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 4.62 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 143.25 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 36.97 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 20.22 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 323.47 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 1.57 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 684.09
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Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) LINCOLN NATIONAL LIFE INS CO164815 January Premiums 45.78 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 184.84 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 267.99 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 113.21 Vendor: 5777 ‐ LINDA RUFFING
LINDA RUFFING 164737 Planning Services ‐ North Village/Burbank (D0331) 1,250.00 LINDA RUFFING 164737 Planning Services ‐ North Village/CSS (D0311) 1,550.00 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 25.42 Vendor 2825 ‐ LINCOLN NATIONAL LIFE INS COMPANY Total: 8,687.74 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 71.34 LINCOLN NATIONAL LIFE INS CO164815 January Premiums 62.29 Vendor: 5987 ‐ LOUD AND CLEAR
LOUD AND CLEAR 164816 Atlas 200‐Watt Power Amplifier/Freight/Labor 1,610.00 Vendor 5987 ‐ LOUD AND CLEAR Total: 1,610.00
LINDA RUFFING 164737 Planning Services ‐ Montage/Oaks & Olive (D0231) 3,400.00 Vendor 5777 ‐ LINDA RUFFING Total: 12,600.00
LINDA RUFFING 164737 Planning Services ‐ North Village/Kendal (D0321) 1,900.00 LINDA RUFFING 164737 Planning Services ‐ Mill District/Replay (D0110) 4,500.00 Vendor 2354 ‐ MAJOR ALARM INC Total: 30.50
Vendor: 5826 ‐ MANDUJANO, NATALIE
MANDUJANO, NATALIE 164818 ASES Snacks 200.00 Vendor 10722 ‐ M3 INTEGRATED SERVICES INC Total: 120,955.90 Vendor: 2354 ‐ MAJOR ALARM INC
MAJOR ALARM INC 164738 Fire Alarm Monitoring ‐ Saggio Pump House 30.50 Vendor: 10722 ‐ M3 INTEGRATED SERVICES INC
M3 INTEGRATED SERVICES INC 164817 Fitch Mtn. Park & Open Space Preserve Public Access 127,322.00 M3 INTEGRATED SERVICES INC 164817 M3 Integrated, Inv#4 Retention (6,366.10) Vendor 10364 ‐ MCDOWELL, ELLEN Total: 1,361.24
Vendor: 3533 ‐ MCMASTER‐CARR SUPPLY COMPANY
MCMASTER‐CARR SUPPLY COM164819 Pressure Tester Rig For Instrumentation Technician 19.64 Vendor 10144 ‐ MARIO PRADO Total: 4,550.00
Vendor: 10364 ‐ MCDOWELL, ELLEN
MCDOWELL, ELLEN 164739 Computer Loan Reimbursement 1,361.24 Vendor 5826 ‐ MANDUJANO, NATALIE Total: 200.00
Vendor: 10144 ‐ MARIO PRADO
MARIO PRADO 164776 Merry Healdsburg ‐ Sound and Lighting FY 23/24 4,550.00 Vendor: 3368 ‐ MIRACLE PLAYSYSTEMS INC
MIRACLE PLAYSYSTEMS INC 164741 Replacement Parts and Freight 447.68 Vendor 3368 ‐ MIRACLE PLAYSYSTEMS INC Total: 447.68
Metrosa Inc 164740 Public Notices ‐ November 2023 510.00 Vendor 10856 ‐ Metrosa Inc Total: 960.00
Vendor 3533 ‐ MCMASTER‐CARR SUPPLY COMPANY Total: 19.64 Vendor: 10856 ‐ Metrosa Inc
Metrosa Inc 164740 Public Notices ‐ November 2023 450.00 MOORE CONSTRUCTION 164743 BLDM‐0006‐2023 ‐ Refund For Incorrect Fees 2,777.32 Vendor 91115 ‐ MOORE CONSTRUCTION Total: 2,813.10
Vendor: 91115 ‐ MOORE CONSTRUCTION
MOORE CONSTRUCTION 164743 BLDM‐0006‐2023 ‐ Refund For Incorrect Fees 30.78 MOORE CONSTRUCTION 164743 BLDM‐0006‐2023 ‐ Refund For Incorrect Fees 5.00 Vendor: 3286 ‐ MIX GARDEN MATERIALS
MIX GARDEN MATERIALS 164742 Badger Garden ‐ Mulch 188.35 Vendor 3286 ‐ MIX GARDEN MATERIALS Total: 188.35
Vendor 3673 ‐ NEW YORK LIFE INSURANCE CO Total: 359.82
Vendor: 3391 ‐ NICK BARBIERI TRUCKING LLC
NICK BARBIERI TRUCKING LLC 164745 Seal Chamber Oil For Magnolia Pump # 3 126.76 Vendor 8859 ‐ NELSON, GREGORY Total: 1,800.00
Vendor: 3673 ‐ NEW YORK LIFE INSURANCE CO
NEW YORK LIFE INSURANCE CO 164820 December Monthly Premiums S40970 359.82 Vendor: 8859 ‐ NELSON, GREGORY
NELSON, GREGORY 164744 Instructor Payment 1,040.00 NELSON, GREGORY 164858 Instructor Payment 760.00 Vendor 3049 ‐ NORTHWEST PUBLIC POWER ASSOCIATION Total: 5,168.44 Vendor: 305 ‐ OFFICE DEPOT BUSINESS SERVICE
OFFICE DEPOT BUSINESS SERVIC164747 90# White Index 60.63 Vendor 3173 ‐ NOR CAL COMPLIANCE INC Total: 125.00
Vendor: 3049 ‐ NORTHWEST PUBLIC POWER ASSOCIATION
NORTHWEST PUBLIC POWER AS164821 Membership Renewal 1/1/24‐12/31/24 5,168.44 Vendor 3391 ‐ NICK BARBIERI TRUCKING LLC Total: 126.76
Vendor: 3173 ‐ NOR CAL COMPLIANCE INC
NOR CAL COMPLIANCE INC 164746 UST Visual Checklist Inspection 125.00
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Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) OFFICE DEPOT BUSINESS SERVIC164747 SDS Binder For City Hall 42.68 OFFICE DEPOT BUSINESS SERVIC164747 Paper Towel and Pods Fresh Scent 98.23 OFFICE DEPOT BUSINESS SERVIC164747 Label/Sharpie/Marker/Pens/Battery/Tape 30.28 OFFICE DEPOT BUSINESS SERVIC164747 Label/Sharpie/Marker/Pens/Battery/Tape 30.28 OFFICE DEPOT BUSINESS SERVIC164747 Label/Sharpie/Marker/Pens/Battery/Tape 30.27 OFFICE DEPOT BUSINESS SERVIC164747 Label/Sharpie/Marker/Pens/Battery/Tape 30.28 Vendor 305 ‐ OFFICE DEPOT BUSINESS SERVICE Total: 572.52 Vendor: 3 ‐ OPPERMAN & SON
OPPERMAN & SON 164748 Passalacqua Pump ‐ Aluminum 31.58 OFFICE DEPOT BUSINESS SERVIC164822 Badge Holder 2.27 OFFICE DEPOT BUSINESS SERVIC164822 Highlighter(s) and Pen(s) 52.37 OFFICE DEPOT BUSINESS SERVIC164747 Paper Towels 8PK 9.06 OFFICE DEPOT BUSINESS SERVIC164747 Red Binder/Tissue/Note Pads/Badge 4PK 186.17 O'REILLY AUTO ENTERPRISES, LL164749 Butt Splice 26.15 Vendor 3607 ‐ O'REILLY AUTO ENTERPRISES, LLC Total: 126.99 Vendor: 3607 ‐ O'REILLY AUTO ENTERPRISES, LLC
O'REILLY AUTO ENTERPRISES, LL164749 VEH 6301 ‐ Coolant and Oil 54.48 O'REILLY AUTO ENTERPRISES, LL164749 VEH 1935 ‐ Spark Plug & Brake Cleaner 46.36 OPPERMAN & SON 164748 VEH 405 ‐ Hub Cap 100.24 Vendor 3 ‐ OPPERMAN & SON Total: 131.82
PACE SUPPLY CORP 164823 CTS Q LF BRS Comp Cplg 490.50 PACE SUPPLY CORP 164823 Copper Gasket/Comp Pep Q LF Brs Cplg/Nipple Brass 38.42 PACE SUPPLY CORP 164750 Repair Parts For The WRF 90.47 PACE SUPPLY CORP 164823 Copper Gasket/Angle Ball/BRS Ball/Meter/Nipple(s) 2,728.71 Vendor: 218 ‐ PACE SUPPLY CORP
PACE SUPPLY CORP 164750 BRS Cplg/Gasket/BRS 90 Ford/Ball Meter/Ring 550.50 PACE SUPPLY CORP 164750 250PSI SDR9 Blue PE4710 261.60 Vendor: 10112 ‐ PATRICIA ANNE ROBARTS
PATRICIA ANNE ROBARTS 164752 Older Adult Dining Program FY 23‐24 6,180.00 PATRICIA ANNE ROBARTS 164859 Older Adult Dining Program FY 23‐24 5,730.00 Vendor: 2394 ‐ PARKPOINT CLUBS
PARKPOINT CLUBS 164751 December Dues 900.00 Vendor 2394 ‐ PARKPOINT CLUBS Total: 900.00
PACE SUPPLY CORP 164823 BRS Angle Ball Meter/Nipple/90 ELL Brass/Brushing 333.54 Vendor 218 ‐ PACE SUPPLY CORP Total: 4,493.74
Vendor 91114 ‐ Perlita G. Acuna‐Narvaez Total: 275.00
Vendor: 5060 ‐ PG&E 0144863355‐0
PG&E 0144863355‐0 164754 Utility Service 10/20/23 ‐ 11/19/23 520.57 Vendor 2086 ‐ PEMBROKE STUDIOS INC Total: 2,000.00
Vendor: 91114 ‐ Perlita G. Acuna‐Narvaez
Perlita G. Acuna‐Narvaez 164753 Conservation Rebate ‐ Rain Barrel & Cistern Rebate 275.00 Vendor 10112 ‐ PATRICIA ANNE ROBARTS Total: 11,910.00
Vendor: 2086 ‐ PEMBROKE STUDIOS INC
PEMBROKE STUDIOS INC 164824 Fence Install at Foley Family Community Pavilion 2,000.00 Vendor 5029 ‐ PG&E 6199695781‐9 Total: 950.24
Vendor: 3940 ‐ PRUNUSKE CHATHAM, INC
PRUNUSKE CHATHAM, INC 164756 Biological Compliance Svcs (Training, Surveys, Asses.) 572.00 PG&E 6199695781‐9 164755 Utility Services 10/20/23 ‐ 11/17/23 680.52 PG&E 6199695781‐9 164755 Utility Services 10/20/23 ‐ 11/17/23 15.06 Vendor 5060 ‐ PG&E 0144863355‐0 Total: 520.57
Vendor: 5029 ‐ PG&E 6199695781‐9
PG&E 6199695781‐9 164755 Utility Services 10/20/23 ‐ 11/17/23 254.66 Vendor 2615 ‐ QUADIENT, INC Total: 153.25
Vendor: 5679 ‐ R3 CONSULTING GROUP, INC
R3 CONSULTING GROUP, INC 164825 Solid Waste Master Svcs Agreement FY 23/24 1,710.00 Vendor 4179 ‐ PURE LUXURY LIMOUSINE SVC Total: 1,904.57 Vendor: 2615 ‐ QUADIENT, INC
QUADIENT, INC 164758 IX3‐5‐7 Series Std Ink 153.25 Vendor 3940 ‐ PRUNUSKE CHATHAM, INC Total: 572.00
Vendor: 4179 ‐ PURE LUXURY LIMOUSINE SVC
PURE LUXURY LIMOUSINE SVC 164757 Senior Center Lion King Trip ‐ 12/10/23 1,904.57 Vendor 138 ‐ REXEL USA, INC Total: 35,629.92
Vendor: 226 ‐ REXEL USA
REXEL USA 164827 Replacement Disconnect Handle For Panel At WTP 70.13 Vendor 1546 ‐ RELX.INC Total: 414.10
Vendor: 138 ‐ REXEL USA, INC
REXEL USA, INC 164759 TRANSFORMER, PADMOUNT, 300 KVA, 12000, 277/480, 3P 35,629.92 Vendor 5679 ‐ R3 CONSULTING GROUP, INC Total: 1,710.00
Vendor: 1546 ‐ RELX.INC
RELX.INC 164826 Monthly Subscription Fee 414.10 REXEL USA 164827 Handle Scales Enclosure‐Biosolids Conveyor Proj. 78.96
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Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) Vendor 10729 ‐ RRM Design Group Total: 19,505.71
Vendor: 6655 ‐ SALAS, VERONICA
SALAS, VERONICA 164829 CPRS Conference 2024 & Expo Registration Fee 480.00 Vendor: 10729 ‐ RRM Design Group
RRM Design Group 164760 Bid Support Services 290.44 RRM Design Group 164760 Architectural Construction Support & Testing 19,215.27 Vendor 226 ‐ REXEL USA Total: 149.09
Vendor 942 ‐ SANTA ROSA UNIFORM & CAREER APPAREL Total: 85.11 Vendor: 6777 ‐ SCOPA HAS A DREAM, INC
SCOPA HAS A DREAM, INC 164830 Guaranteed Basic Income Pilot Program 50,000.00 Vendor 260 ‐ SANTA ROSA JR COLLEGE Total: 490.00
Vendor: 942 ‐ SANTA ROSA UNIFORM & CAREER APPAREL
SANTA ROSA UNIFORM & CARE164762 Tact Squad Shirts 85.11 Vendor 6655 ‐ SALAS, VERONICA Total: 480.00
Vendor: 260 ‐ SANTA ROSA JR COLLEGE
SANTA ROSA JR COLLEGE 164761 Education Course ‐ AJ 363 11550 H&S 11/16‐11/17/23 490.00 Vendor 10428 ‐ SENANDER, RENEE Total: 288.24
Vendor: 5694 ‐ Shader, Thomas
Shader, Thomas 164860 Entertainment at the Senior Center 400.00 SENANDER, RENEE 164831 CALPELRA Conference ‐ Bridge Toll 8.75 SENANDER, RENEE 164831 CALPELRA Conference ‐ Mileage 234.49 Vendor 6777 ‐ SCOPA HAS A DREAM, INC Total: 50,000.00
Vendor: 10428 ‐ SENANDER, RENEE
SENANDER, RENEE 164831 CALPELRA Conference ‐ Per Diem and Incidental 45.00 SHELDON DEFRANK 164832 High Risk Vehicle Stops Training ‐ Mileage 12.77 Vendor 10816 ‐ SHELDON DEFRANK Total: 149.04
SHELDON DEFRANK 164832 SFST Training ‐ Mileage 33.27 SHELDON DEFRANK 164832 High Risk Vehicle Stops Training ‐ Per Diem 23.00 Vendor 5694 ‐ Shader, Thomas Total: 400.00
Vendor: 10816 ‐ SHELDON DEFRANK
SHELDON DEFRANK 164832 SFST Training ‐ Per Diem and Incidentals 80.00 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 2.98 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 2.98 Vendor: 4011 ‐ SHRED‐IT USA LLC
SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 20.81 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 20.81 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 22.27 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 22.27 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 2.97 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 2.97 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 2.97 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 2.97 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 3.18 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 3.18 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 3.18 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 3.18 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 3.18 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 3.18 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 3.41 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 3.41 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 3.40 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 3.40 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 23.85 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 23.85 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ HPD 68.13 Vendor 4011 ‐ SHRED‐IT USA LLC Total: 1,710.74
SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 341.85 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 1,109.55 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 3.41 SHRED‐IT USA LLC 164763 Shredding and Record Destruction ‐ City Hall 3.40 Vendor: 427 ‐ STATE OF CALIFORNIA ‐ EDD
STATE OF CALIFORNIA ‐ EDD DFT0008965 State Income Tax W/H (165.00) STATE OF CALIFORNIA ‐ EDD DFT0008967 State Disability Ins (22.50) Vendor: 2743 ‐ ST PAUL'S EPISCOPAL CHURCH
ST PAUL'S EPISCOPAL CHURCH 164834 Shower Services 2,522.92 Vendor 2743 ‐ ST PAUL'S EPISCOPAL CHURCH Total: 2,522.92 Vendor: 10431 ‐ SMARTSAFETY SOFTWARE INC
SMARTSAFETY SOFTWARE INC 164833 Easy Street Draw Maintenance. 12/28/23 ‐ 12/27/24 1,166.00 Vendor 10431 ‐ SMARTSAFETY SOFTWARE INC Total: 1,166.00 STATE OF CALIFORNIA ‐ EDD DFT0008985 State Disability Ins (11.22) STATE OF CALIFORNIA ‐ EDD DFT0008958 State Income Tax W/H 37,982.06 STATE OF CALIFORNIA ‐ EDD DFT0008976 State Income Tax W/H (34.25) STATE OF CALIFORNIA ‐ EDD DFT0008983 State Income Tax W/H (103.16)
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Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) STATE OF CALIFORNIA ‐ EDD DFT0008960 State Disability Ins 4,664.04 STATE OF CALIFORNIA ‐ EDD DFT0008969 State Income Tax W/H 165.00 STATE OF CALIFORNIA ‐ EDD DFT0009022 State Income Tax W/H 6.44 STATE OF CALIFORNIA ‐ EDD DFT0009024 State Disability Ins 6.68 STATE OF CALIFORNIA ‐ EDD DFT0009017 State Income Tax W/H 39,583.87 STATE OF CALIFORNIA ‐ EDD DFT0009019 State Disability Ins 4,843.96 STATE OF CALIFORNIA ‐ EDD DFT0008971 State Disability Ins 22.50 STATE OF CALIFORNIA ‐ EDD DFT0009038 State Disability Ins (40.30) Vendor: 6965 ‐ STONE CREEK ENVIRONMENTAL CONSULTING INC STONE CREEK ENVIRONMENTA 164764 Storm Water Support Services FY23/27 1,133.50 STONE CREEK ENVIRONMENTA 164764 Storm Water Support Services FY23/27 2,164.00 Vendor: 288 ‐ STEVENSON SUPPLY & TRACTOR CO
STEVENSON SUPPLY & TRACTOR164835 Filtrexx Siltsoxx and 3rd Party Shipping 2,523.35 Vendor 288 ‐ STEVENSON SUPPLY & TRACTOR CO Total: 2,523.35 STATE OF CALIFORNIA ‐ EDD DFT0009029 State Income Tax W/H 30.47 Vendor 427 ‐ STATE OF CALIFORNIA ‐ EDD Total: 86,928.59 Vendor: 6555 ‐ TEVENDALE, MOTOKO
TEVENDALE, MOTOKO 164838 Building Blocks Program Supplies 62.92 TEVENDALE, MOTOKO 164838 Building Blocks Program Supplies 25.69 SWRCB 164837 Annual Permit Fees 12,428.00
Vendor 287 ‐ SWRCB Total: 16,174.00
Vendor 6965 ‐ STONE CREEK ENVIRONMENTAL CONSULTING INC Total: 3,297.50 Vendor: 287 ‐ SWRCB
SWRCB 164836 Annual Permit Fees 3,746.00
Vendor 10446 ‐ TRANSCAT, INC Total: 248.52
Vendor: 6533 ‐ TRILOGY MEDWASTE WEST LLC
TRILOGY MEDWASTE WEST LLC 164839 Discarded Pharmaceutical Disposal From HPD 340.00 Vendor 10859 ‐ The Ambassadors Theatre Group US Holdings, Inc Total: 1,099.87 Vendor: 10446 ‐ TRANSCAT, INC
TRANSCAT, INC 164766 Oxygen Sensor For Magnolia PS Gas Detector System 248.52 Vendor 6555 ‐ TEVENDALE, MOTOKO Total: 88.61
Vendor: 10859 ‐ The Ambassadors Theatre Group US Holdings, Inc The Ambassadors Theatre Grou164765 Senior Center Lion King Trip ‐ 12/10/23 1,099.87 Vendor 8962 ‐ TROJAN TECHNOLOGIES ULC Total: 30,983.37
Vendor: 8848 ‐ TRUELOOK INC
TRUELOOK INC 164768 Video Services 12/31/23 ‐ 1/30/24 349.00 TROJAN TECHNOLOGIES ULC 164767 LAMP P, GA64T6HE FLAT BASE 30,643.11 TROJAN TECHNOLOGIES ULC 164767 Freight and Handling 317.47 Vendor 6533 ‐ TRILOGY MEDWASTE WEST LLC Total: 340.00
Vendor: 8962 ‐ TROJAN TECHNOLOGIES ULC
TROJAN TECHNOLOGIES ULC 164840 O‐RING, SLEEVE SEAL UV3+ 22.79 Vendor 10406 ‐ U.S, BANCORP ASSET MANAGEMENT, INC Total: 3,200.77 Vendor: 438 ‐ U.S. BANK TRUST N.A.
U.S. BANK TRUST N.A. 164842 2005D Series Annual Fee 11/01/23 ‐ 10/31/24 1,867.50 Vendor 5078 ‐ TYLER BUSINESS FORMS Total: 361.64
Vendor: 10406 ‐ U.S, BANCORP ASSET MANAGEMENT, INC
U.S, BANCORP ASSET MANAGEM164841 Investment Management and Advisory Services 3,200.77 Vendor 8848 ‐ TRUELOOK INC Total: 349.00
Vendor: 5078 ‐ TYLER BUSINESS FORMS
TYLER BUSINESS FORMS 164769 Office Supplies ‐ W‐2's Payroll 361.64 U.S. BANK‐CAL CARDS 164843 Box Crews Skilsaw Blade & Gloves 66.11 U.S. BANK‐CAL CARDS 164843 HCC Subscription Service 8.97 U.S. BANK‐CAL CARDS 164843 Training/Meeting Supplies/Coffee 77.96 U.S. BANK‐CAL CARDS 164843 Materials To Build Shelfs In CYWH 233.87 Vendor 438 ‐ U.S. BANK TRUST N.A. Total: 1,867.50
Vendor: 2842 ‐ U.S. BANK‐CAL CARDS
U.S. BANK‐CAL CARDS 164843 NLC Year 4 Training in Idaho ‐ C. DeForge Airfare 515.62 U.S. BANK‐CAL CARDS 164843 Coffee Traveler ‐ Chief's Meeting 20.00 U.S. BANK‐CAL CARDS 164843 FPO's Meeting 15.37 U.S. BANK‐CAL CARDS 164843 Engine Crew Lunch ‐ 2 Hr. Gas Leak 45.78 U.S. BANK‐CAL CARDS 164843 Chief's Morning Meeting 16.85 U.S. BANK‐CAL CARDS 164843 Light Bulb Adapters 11.69 U.S. BANK‐CAL CARDS 164843 CCH Mini Split Grille Gear Return (20.60) U.S. BANK‐CAL CARDS 164843 EUSERC Annual Dues 200.00 U.S. BANK‐CAL CARDS 164843 Flex Radio 2.0 Flashlight Pouches 130.80 U.S. BANK‐CAL CARDS 164843 EUSERC Meeting Stay 665.16 U.S. BANK‐CAL CARDS 164843 EUSERC Meeting Registration 120.00 U.S. BANK‐CAL CARDS 164843 VEH 6361 ‐ Bridge Toll/Modesto For Repairs 7.00 U.S. BANK‐CAL CARDS 164843 Department Toilet Paper 100.27 U.S. BANK‐CAL CARDS 164843 Employee Recognition Awards 253.90 U.S. BANK‐CAL CARDS 164843 OT Meal 213.16 U.S. BANK‐CAL CARDS 164843 OT Meal 113.72
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Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) U.S. BANK‐CAL CARDS 164843 Uniform Duty Belts 166.29 U.S. BANK‐CAL CARDS 164843 Shipping Charge 30.81 U.S. BANK‐CAL CARDS 164843 Holsters 454.53 U.S. BANK‐CAL CARDS 164843 OT Meal 21.87 U.S. BANK‐CAL CARDS 164843 DNS Hosting 114.70 U.S. BANK‐CAL CARDS 164843 WCWWA Training Meeting 75.00 U.S. BANK‐CAL CARDS 164843 OT Meal 20.68 U.S. BANK‐CAL CARDS 164843 Handcuff Training Keys 50.87 U.S. BANK‐CAL CARDS 164843 Drone Repair 104.00 U.S. BANK‐CAL CARDS 164843 Glove Dust 82.30 U.S. BANK‐CAL CARDS 164843 Misc Tool Purchase 94.78 U.S. BANK‐CAL CARDS 164843 Plastic Sheeting 44.46 U.S. BANK‐CAL CARDS 164843 Lineman Knife 52.07 U.S. BANK‐CAL CARDS 164843 Lineman Boots 262.45 U.S. BANK‐CAL CARDS 164843 Transformer Tester 600.13 U.S. BANK‐CAL CARDS 164843 Rags 249.94 U.S. BANK‐CAL CARDS 164843 Glove Tester 296.00 U.S. BANK‐CAL CARDS 164843 Freight Charge 5.08 U.S. BANK‐CAL CARDS 164843 Tailboard Forms 234.35 U.S. BANK‐CAL CARDS 164843 Non‐Inventory Material 316.87 U.S. BANK‐CAL CARDS 164843 Multi Purpose Lubricant 15.43 U.S. BANK‐CAL CARDS 164843 Antifreeze 25.06 U.S. BANK‐CAL CARDS 164843 Headphone Adapters ‐ 3.5mm 13.07 U.S. BANK‐CAL CARDS 164843 Material Refund (53.83) U.S. BANK‐CAL CARDS 164843 AED G5 Batteries ‐ Powerheart (2) Qty 982.58 U.S. BANK‐CAL CARDS 164843 Marking Paint 135.93 U.S. BANK‐CAL CARDS 164843 Tape Measure 26.24 U.S. BANK‐CAL CARDS 164843 Pine‐Sol Cleaner 189.60 U.S. BANK‐CAL CARDS 164843 Headphone Adapters ‐ 3.5mm 13.06 U.S. BANK‐CAL CARDS 164843 Multifold Towels 98.07 U.S. BANK‐CAL CARDS 164843 Toilet Paper 54.54 U.S. BANK‐CAL CARDS 164843 Liquid Hand Soap 36.66 U.S. BANK‐CAL CARDS 164843 Trash Liners 285.44 U.S. BANK‐CAL CARDS 164843 CAJPA Conference Registration 1,400.00 U.S. BANK‐CAL CARDS 164843 City Uniforms 309.40 U.S. BANK‐CAL CARDS 164843 Toilet Paper 54.54 U.S. BANK‐CAL CARDS 164843 City Uniforms 309.40 U.S. BANK‐CAL CARDS 164843 Liquid Hand Soap 36.66 U.S. BANK‐CAL CARDS 164843 Multifold Towels 98.07 U.S. BANK‐CAL CARDS 164843 Qwik Drink Hydration Powder ‐ Shop 64.64 U.S. BANK‐CAL CARDS 164843 Turf Glue ‐ Georgie Park 160.49 U.S. BANK‐CAL CARDS 164843 VEH 6301 ‐ Bridge Toll 7.00 U.S. BANK‐CAL CARDS 164843 VEH 490 ‐ Bridge Toll 7.00 U.S. BANK‐CAL CARDS 164843 City Uniforms 309.40 U.S. BANK‐CAL CARDS 164843 Bridge Toll ‐ VEH # 94 7.00 U.S. BANK‐CAL CARDS 164843 Repairs Of PAS Device 179.89 U.S. BANK‐CAL CARDS 164843 Christmas Holiday ‐ Décor 62.98 U.S. BANK‐CAL CARDS 164843 Plastic Evidence Bags 96.28 U.S. BANK‐CAL CARDS 164843 Zip Ties For Guns 19.58 U.S. BANK‐CAL CARDS 164843 Credit For Boot Exchange (43.15) U.S. BANK‐CAL CARDS 164843 12 Tooth Carbide Roof Ventilation Blade 14" 220.00 U.S. BANK‐CAL CARDS 164843 THS Snack(s) 224.76 U.S. BANK‐CAL CARDS 164843 Preschool Halloween Party Items 50.48 U.S. BANK‐CAL CARDS 164843 Halloween/Art Organizing Items 119.62 U.S. BANK‐CAL CARDS 164843 Holiday Stickers 41.35 U.S. BANK‐CAL CARDS 164843 Umbrellas & Storage Bins 43.85 U.S. BANK‐CAL CARDS 164843 Halloween Items 52.13 U.S. BANK‐CAL CARDS 164843 ASES Cooking Project 14.28 U.S. BANK‐CAL CARDS 164843 Online Workshop ‐ 1 EE 95.00 U.S. BANK‐CAL CARDS 164843 Club H Organizers/Sofa Covers 221.93 U.S. BANK‐CAL CARDS 164843 HES Outdoor Canopy 150.47 U.S. BANK‐CAL CARDS 164843 Craft Items 11.00 U.S. BANK‐CAL CARDS 164843 Electric Kettle 35.98 U.S. BANK‐CAL CARDS 164843 Plotter Paper 185.47 U.S. BANK‐CAL CARDS 164843 Office Supplies 153.31 U.S. BANK‐CAL CARDS 164843 Cleaning Sponges 3.26 U.S. BANK‐CAL CARDS 164843 Holiday Decorations 323.50 U.S. BANK‐CAL CARDS 164843 Online Workshop ‐ 1 EE 95.00 U.S. BANK‐CAL CARDS 164843 Online Workshop ‐ 1 EE 95.00 U.S. BANK‐CAL CARDS 164843 Defensive Tactics Training 100.00 U.S. BANK‐CAL CARDS 164843 Dispatch Priming 289.00 U.S. BANK‐CAL CARDS 164843 Merry HBG ‐ Cello Bags 13.07 U.S. BANK‐CAL CARDS 164843 Merry HBG ‐ Holiday Temp Tattoos 39.20 U.S. BANK‐CAL CARDS 164843 Kitchen Utensils And Paper Cups 132.65 U.S. BANK‐CAL CARDS 164843 Plexiglass Sheets 43.59 U.S. BANK‐CAL CARDS 164843 Penal Code Qwik Codes 213.50
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Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) U.S. BANK‐CAL CARDS 164843 Mayors & Councilmembers Academy Stay 71.07 U.S. BANK‐CAL CARDS 164843 Snacks For Cannabis Special Meeting 78.54 U.S. BANK‐CAL CARDS 164843 Design Dialog ‐ Vice Mayor Hagele 65.87 U.S. BANK‐CAL CARDS 164843 Mayors & Councilmembers Conference ‐ E. Mitchell 675.00 U.S. BANK‐CAL CARDS 164843 Mayors & Councilmembers Academy ‐ E. Mitchell 808.78 U.S. BANK‐CAL CARDS 164843 SLI Training Stay 213.80 U.S. BANK‐CAL CARDS 164843 SLI Books 4 Training 10.89 U.S. BANK‐CAL CARDS 164843 Supplies For Smart Lunch 10.29 U.S. BANK‐CAL CARDS 164843 Supplies For Smart Lunch 19.62 U.S. BANK‐CAL CARDS 164843 Supplies For Smart Lunch 2.73 U.S. BANK‐CAL CARDS 164843 Supplies For Cannabis Special Meeting 7.62 U.S. BANK‐CAL CARDS 164843 ASES Materials 200.40 U.S. BANK‐CAL CARDS 164843 ASES Halloween Celebration 166.16 U.S. BANK‐CAL CARDS 164843 Program Supplies 185.16 U.S. BANK‐CAL CARDS 164843 Program Supplies 667.74 U.S. BANK‐CAL CARDS 164843 Program Supplies 126.06 U.S. BANK‐CAL CARDS 164843 Program Supplies 45.76 U.S. BANK‐CAL CARDS 164843 ASES Pathway Lights 364.32 U.S. BANK‐CAL CARDS 164843 ASES Supplies 31.55 U.S. BANK‐CAL CARDS 164843 Best Of Healdsburg Awards 85.28 U.S. BANK‐CAL CARDS 164843 CPRS Conference Registration 480.00 U.S. BANK‐CAL CARDS 164843 ASES Snacks 97.95 U.S. BANK‐CAL CARDS 164843 CPRS Membership Registration 180.00 U.S. BANK‐CAL CARDS 164843 Professional Engineer Registration Renewal 90.00 U.S. BANK‐CAL CARDS 164843 Uniform Item & Ticket Book Holder ‐ Chief 81.83 U.S. BANK‐CAL CARDS 164843 DDLM Shirts/Uniform 288.83 U.S. BANK‐CAL CARDS 164843 Professional Engineer Registration Renewal 90.00 U.S. BANK‐CAL CARDS 164843 Senior Dinner Supplies 231.13 U.S. BANK‐CAL CARDS 164843 DDLM Walkie Talkie 79.55 U.S. BANK‐CAL CARDS 164843 CPRS Registration 480.00 U.S. BANK‐CAL CARDS 164843 Food Server Certificate 7.99 U.S. BANK‐CAL CARDS 164843 Plaza Event ‐ Day Of The Dead/Halloween 83.86 U.S. BANK‐CAL CARDS 164843 Postage For Certified Letter ‐ S. Masonry Cons. 8.56 U.S. BANK‐CAL CARDS 164843 SCFCA Meeting & Supplies 28.96 U.S. BANK‐CAL CARDS 164843 FPO's Meeting ‐ Coffee Traveler 20.00 U.S. BANK‐CAL CARDS 164843 Dr Dinner Deco 44.12 U.S. BANK‐CAL CARDS 164843 Coffee Supplies 130.14 U.S. BANK‐CAL CARDS 164843 Parking Passes 183.92 U.S. BANK‐CAL CARDS 164843 Ping Pong Balls and Clock 29.03 U.S. BANK‐CAL CARDS 164843 Current Events ‐ Last Day 20.70 U.S. BANK‐CAL CARDS 164843 Halloween Supplies 57.17 U.S. BANK‐CAL CARDS 164843 DASH Tire Gauges 9.79 U.S. BANK‐CAL CARDS 164843 ICC Chapter Meeting (3) 90.00 U.S. BANK‐CAL CARDS 164843 Dishwash Liquid 58.32 U.S. BANK‐CAL CARDS 164843 Halloween Supplies 39.02 U.S. BANK‐CAL CARDS 164843 Sr. Dinner Deco 201.19 U.S. BANK‐CAL CARDS 164843 Halloween Party Desserts 49.08 U.S. BANK‐CAL CARDS 164843 DDLM ‐ Water Bottle Giveaways 607.74 U.S. BANK‐CAL CARDS 164843 Merry HBG ‐ Wrap For Giant Gifts 926.33 U.S. BANK‐CAL CARDS 164843 HCC Offices ‐ Floor Mat 42.49 U.S. BANK‐CAL CARDS 164843 Merry HBG ‐ Bows / Ribbon 47.90 U.S. BANK‐CAL CARDS 164843 GLS Mail Services 205.84 U.S. BANK‐CAL CARDS 164843 iPad Case 84.99 U.S. BANK‐CAL CARDS 164843 Senior Appreciation Dinner 44.76 U.S. BANK‐CAL CARDS 164843 SAFE Serve Certificate 7.99 U.S. BANK‐CAL CARDS 164843 DASH Car Car Wash Plan 39.95 U.S. BANK‐CAL CARDS 164843 DASH Car GPS Plan 34.00 U.S. BANK‐CAL CARDS 164843 Newsletter Mailing Labels 227.64 U.S. BANK‐CAL CARDS 164843 Senior Appreciation Dinner 459.73 U.S. BANK‐CAL CARDS 164843 Recruitment Advertising 131.50 U.S. BANK‐CAL CARDS 164843 CALPELRA Conference Stay 740.94 U.S. BANK‐CAL CARDS 164843 Tree For HBG Plaza 85.44 U.S. BANK‐CAL CARDS 164843 CWEA Collections Systems Main. Grade 2 Exam 207.00 U.S. BANK‐CAL CARDS 164843 2023 Design Dialogues Forum ‐ S. Sotomayor 65.87 U.S. BANK‐CAL CARDS 164843 2023 Design Dialogues Forum ‐ G. Villarreal 65.87 U.S. BANK‐CAL CARDS 164843 CSMFO Conference ‐ Flight 158.86 U.S. BANK‐CAL CARDS 164843 CSMFO Membership Renewal 135.00 U.S. BANK‐CAL CARDS 164843 CSMFO Conference Registration 515.00 U.S. BANK‐CAL CARDS 164843 CSMFO Conference Stay 384.93 U.S. BANK‐CAL CARDS 164843 Microwave For CH Breakroom 225.68 U.S. BANK‐CAL CARDS 164843 Bus Passes 290.00 U.S. BANK‐CAL CARDS 164843 Recruitment Advertising 1,948.66 U.S. BANK‐CAL CARDS 164843 Commission Binders & Supplies 93.21 U.S. BANK‐CAL CARDS 164843 Weather Resistant Plotter Paper 370.95 U.S. BANK‐CAL CARDS 164843 CPRS Convention Reg Fee ‐ T. Campbell 480.00 U.S. BANK‐CAL CARDS 164843 Laptop Charger 54.49
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Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023) U.S. BANK‐CAL CARDS 164843 CALPELRA Conference Stay 991.41 U.S. BANK‐CAL CARDS 164843 Stihl Rockboss GS461 Chain 259.99 U.S. BANK‐CAL CARDS 164843 Reciprocating Saw Blades 168.38 U.S. BANK‐CAL CARDS 164843 PPE Uniform 261.55 U.S. BANK‐CAL CARDS 164843 CWEA Membership Renewal ‐ J. Vazquez 49.00 U.S. BANK‐CAL CARDS 164843 K. Kaufman ‐ Personal Charges ‐ Error 166.95 U.S. BANK‐CAL CARDS 164843 IAEM Conference Stay 1,203.80 U.S. BANK‐CAL CARDS 164843 Folders 38.95 U.S. BANK‐CAL CARDS 164843 CWEA Membership Renewal ‐ J. Vazquez 49.00 U.S. BANK‐CAL CARDS 164843 CWEA Membership Renewal ‐ K. Newman 49.00 U.S. BANK‐CAL CARDS 164843 CWEA Membership ‐ S. Nelson 110.50 U.S. BANK‐CAL CARDS 164843 SCADA Monthly Domain Name Fee 0.97 U.S. BANK‐CAL CARDS 164843 WDS Operations Class & Materials 209.25 U.S. BANK‐CAL CARDS 164843 Pole Light 149.95 U.S. BANK‐CAL CARDS 164843 Pole Light 149.95 U.S. BANK‐CAL CARDS 164843 SCADA Domain Name Monthly Fee 0.98 U.S. BANK‐CAL CARDS 164843 Correct CAP 156.06 U.S. BANK‐CAL CARDS 164843 Reciprocating Saw Blades 168.38 U.S. BANK‐CAL CARDS 164843 Stihl Rockboss GS461 Chain 260.00 U.S. BANK‐CAL CARDS 164843 Gallon Water Jugs 20.72 U.S. BANK‐CAL CARDS 164843 Life Rings 312.26 U.S. BANK‐CAL CARDS 164843 CWEA Membership ‐ S. Nelson 110.50 U.S. BANK‐CAL CARDS 164843 CWEA Membership Renewal ‐ K. Newman 49.00 U.S. BANK‐CAL CARDS 164843 PH Sensor, DO Sensor, Cap 609.50 U.S. BANK‐CAL CARDS 164843 Flow Meter ‐ WRF Centrifuge 497.15 USAT CORPORATION 164771 Electric Field Modems 344.87 USAT CORPORATION 164771 Electric Field Modems 344.87 Vendor 2888 ‐ ULINE, INC Total: 958.90
Vendor: 5162 ‐ USAT CORPORATION
USAT CORPORATION 164771 Electric Field Modems 344.86 Vendor 2842 ‐ U.S. BANK‐CAL CARDS Total: 35,664.98
Vendor: 2888 ‐ ULINE, INC
ULINE, INC 164770 Merry Healdsburg ‐ Decor & Supply 958.90 VALIC 164861 Valic Def Comp Contribution 300.00
Vendor 3452 ‐ VALIC Total: 600.00
Vendor 5122 ‐ UTILITY DESIGN SERVICES LLC Total: 5,167.22 Vendor: 3452 ‐ VALIC
VALIC 164773 Valic Def Comp Contribution 300.00
Vendor 5162 ‐ USAT CORPORATION Total: 1,034.60
Vendor: 5122 ‐ UTILITY DESIGN SERVICES LLC
UTILITY DESIGN SERVICES LLC 164772 Electric Utility Design Services 5,167.22 WECO INDUSTRIES LLC 164845 Tube Lance 48" Straight 99.72 WECO INDUSTRIES LLC 164845 Tube Lance 48" Straight 99.73 Vendor: 1442 ‐ WECO INDUSTRIES LLC
WECO INDUSTRIES LLC 164845 Tube Lance 48" Straight & Reducer 8" Male Band 228.52 WECO INDUSTRIES LLC 164845 Tube Lance 48" Straight & Reducer 8" Male Band 228.52 Vendor: 4188 ‐ XEROX FINANCIAL SERVICES
XEROX FINANCIAL SERVICES 164774 Equipment Lease 12/01/23 ‐ 12/31/23 800.32 XEROX FINANCIAL SERVICES 164774 Equipment Lease 12/01/23 ‐ 12/31/23 800.33 WILLDAN FINANCIAL SERVICES I164846 Arbitrage Rebate & Continuing Disclosure 250.00 Vendor 3376 ‐ WILLDAN FINANCIAL SERVICES INC Total: 1,250.00 Vendor 1442 ‐ WECO INDUSTRIES LLC Total: 656.49
Vendor: 3376 ‐ WILLDAN FINANCIAL SERVICES INC
WILLDAN FINANCIAL SERVICES I164846 Arbitrage Rebate & Continuing Disclosure 1,000.00 XEROX FINANCIAL SERVICES 164774 Equipment Lease 11/16/23 ‐ 12/15/23 637.19 XEROX FINANCIAL SERVICES 164774 Equipment Lease 11/16/23 ‐ 12/15/23 637.19 XEROX FINANCIAL SERVICES 164774 Equipment Lease 12/01/23 ‐ 12/31/23 400.16 XEROX FINANCIAL SERVICES 164774 Equipment Lease 11/16/23 ‐ 12/15/23 637.19 XEROX FINANCIAL SERVICES 164774 Equipment Lease 12/01/23 ‐ 12/31/23 628.83 XEROX FINANCIAL SERVICES 164774 Equipment Lease 12/01/23 ‐ 12/31/23 400.16 Vendor 4188 ‐ XEROX FINANCIAL SERVICES Total: 7,581.15
Grand Total: 1,710,076.76
XEROX FINANCIAL SERVICES 164774 Equipment Lease 11/16/23 ‐ 12/15/23 637.19 XEROX FINANCIAL SERVICES 164774 Equipment Lease 11/16/23 ‐ 12/15/23 728.21 XEROX FINANCIAL SERVICES 164774 Equipment Lease 11/16/23 ‐ 12/15/23 637.19 XEROX FINANCIAL SERVICES 164774 Equipment Lease 11/16/23 ‐ 12/15/23 637.19
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Attachment: Disbursement Approval Report - December 2023 (4302 : Disbursement Approval Report - December 2023)
CITY OF HEALDSBURG
CITY COUNCIL AGENDA STAFF REPORT
MEETING DATE: February 5, 2024
SUBJECT: L&M Village Quarterly Update
PREPARED BY: Griselda Villarreal, Administrative Analyst II STRATEGIC INITIATIVE(S):
Provide Effective Governance
RECOMMENDED ACTION(S):
Receive the L&M Village Quarterly update.
COMMUNITY ENGAGEMENT/OUTREACH:
This report will be presented at a public meeting where time will be set aside for public comment and participation. City staff and Reach for Home will continue to keep open communication with the neighbors of the project and the community at large with quarterly updates and as information is requested or needed. Staff’s most recent quarterly report was to the City Council on 9/5/2023.
BACKGROUND:
The L&M Village Program is a collaborative initiative involving the City of Healdsburg, Reach for Home, and Burbank Housing, aimed at addressing homelessness by providing transitional housing and supportive services to individuals experiencing chronic homelessness. The program's inception and progression are marked by a series of significant milestones:
On October 18, 2021, the City Council authorized City staff, in partnership with Reach for Home and Burbank Housing, to apply for the FY 2021-2022 Project Homekey program. This application sought funding for the acquisition of the L&M Motel by the City, intended for use as interim housing for those facing chronic homelessness.
On October 26, 2021, the County of Sonoma passed Resolution No. 21-0431, authorizing the Project Homekey Round-2 (PHK-2) Supportive Services Funding Framework and Early Capital Match Program. This resolution allocated $950,000 in Capital Match funding and $3,388,660 in operating subsidy for the L&M Village.
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On October 27, 2021, in collaboration with Reach for Home and Burbank Housing, the City applied to the State of California, seeking $5,720,000 in Project Homekey capital funding and $1,328,800 in operating subsidy. This comprehensive effort resulted in securing a total of $7,048,800 in State funds.
On December 21, 2021, the State of California officially announced the success of the City, Reach for Home, and Burbank Housing's application for Project Homekey funding. This announcement came with a conditional award of the requested funds, contingent upon the execution of the State’s Standard Agreements.
On February 16, 2022, the City entered into a State Standard Agreement with the State of California to receive Project Homekey funding and subsequently, on March 23, 2022, the City received the PHK-2 program funds, covering both capital and operational costs.
On May 3, 2022, escrow on the L&M Motel was officially closed, signifying the property's transfer into City ownership.
On November 21, 2022, the City adopted Resolution No. 173-2022, approving the Lease, Funding, and Service Agreement with Reach for Home. This resolution outlined the utilization and operation of the L&M Village project, encompassing the Terms of Service and an Annual Budget for the Project.
On April 17, 2023, the City Council received the first quarterly report on the progress of the L&M Village.
On September 5, 2023, the City Council received the second quarterly report on the progress of the L&M Village.
The purpose of this report and presentation is to provide the City Council and the public with a quarterly update on the L&M Village Program’s operational status, program outcomes, trends, and financial status.
DISCUSSION/ANALYSIS:
As of the third quarter of 2023 (September to December), the L&M Village has continued to make significant strides in addressing homelessness within our community. During this operational period, the L&M Village's case managers have diligently focused on facilitating participants' transition to housing. In addition, Reach for Home added a Director of Mental Health Services who provides on-demand mental health services to L&M Village participants.
Activities at the L&M Village, such as property viewings, application submissions, and enrollment in low-income housing programs have been integral to this effort. Furthermore, the program has benefited from an interim housing supervisor hired in May 2023, who has been instrumental in supporting daily operations and housing goals.
To maintain the success of the L&M Village, facilitating a transition to permanent housing for participants is crucial. Reach for Home has secured 26 housing vouchers, and with 16 of these
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participants waiting for permanent supportive housing, emphasis remains on housing identification and landlord engagement to utilize these vouchers effectively. Moreover, Reach for Home filled the vacant position of Housing Navigator/Property Manager, making connections with landlords. This approach not only facilitates the transition for current participants but also paves the way for the next cohort.
In considering these future challenges, it is important to review the progress that has been made to this point. Below is a partial listing of key highlights from the L&M Village:
• Number of Participants Served: A total of 43 participants were enrolled in the program reflecting ongoing engagement and utilization of services. • Successful Exits to Housing: Nine participants successfully transitioned into housing. • Housing Voucher Applications: Additionally, 26 participants applied for and received housing vouchers indicating a proactive approach towards securing stable housing options. • Health and Wellness: A total of 38 participants accessed mental health services and 26 individuals engaged in regular sessions or went onto long-term mental health services. Further, Providence provides weekly wellness checks to all participants at the L&M Village to ensure their health and wellness needs are met.
• Income Progress: 41 out of 43 participants increased and/or retained their income through employment, or by utilizing other subsidies such as food stamps and SSI to enhance their financial situation.
• Activity Engagement: Nearly 80% of all participants are engaged in at least 2 activities per week and nearly 90% are engaged in weekly case management.
Program Outcomes Snapshot
Data Point Quarter 2
Participants
Quarter 3
Participants
Participants Served 35 43
Successful Exits to Housing 6 9
Housing Voucher Applications 14 26
Health & Wellness
- Accessed Mental Health
- Accessed Medical
Services/ Appointments
19 14
38 26
Income Progress
- Income increase by 6 8
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employment
- Income increase by utilizing
subsidies (Food stamps/SSI)
34 41
In addition to the housing programs, the L&M Village Program offers a range of supportive services. These include but are not limited to: One-on-one counseling sessions, food pantry access, budgeting and cooking classes, employment search support, haircut services, interview clothing assistance, daily living skills training, housing search and application classes. Every Tuesday, Providence Healthcare visits for door knocks and to build relationships with participants, ensuring there are no immediate healthcare needs.
The L&M Village actively participated in a fentanyl awareness event and collaborated with Face to Face for HIV testing for participants. Furthermore, Reach for Home has a Sonoma County employee certified in Alcohol and Other Drug Treatment who conducts appointments and checkins each Thursday. Starting on Tuesday, January 30, 2023, Reach for Home initiated an addiction recovery group on-site specifically for L&M Program participants.
ENVIRONMENTAL STEWARDSHIP:
Not applicable.
ALTERNATIVES:
No alternatives are presented as this is an informational report.
FISCAL IMPACT:
To date the L&M Village has received $7,048,800 in State Homekey Grant funding and $950,000 in county HHAP early Capital Match Funding. $6,168,000 of the Homekey funds supported the acquisition and rehabilitation of the L&M Village and $880,800 has supported the operations. The total operating budget for the first ten months from September 2023 through June 2023, was $668,391. Total operating costs for FY 22-23 came in significantly under budget at $532,043. The operating budget for the Lease, Funding and Services agreement at the L&M Village in FY 23-24 is $75,633 a month for a total of $907,596. Expenditures for the first half of the year total $337,240 for an average of $56,207 a month, approximately $116,557.65 under budget. In addition to the standard services offered at the L&M Village under the Lease, Funding, and Services agreement, the City received a CDBG-CV grant from the Sonoma County Community Development Commission to expand outreach services for the current Fiscal Year.
The total grant award is $141,636 and all expenditures must be incurred prior to June 30, 2024.
Through the first half of the year Reach For Home has incurred a total of $35,644 providing outreach services that has been reimbursed by the CDBG-CV grant.
ENVIRONMENTAL ANALYSIS:
Pursuant to Title 14, the California Code of Regulations, Section 15378(b)(5) of the California Environmental Quality Act (“CEQA”) guidelines, the proposed action is an administrative activity of the City that will not result in direct or indirect physical changes to the environment.
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CITY OF HEALDSBURG
CITY COUNCIL AGENDA STAFF REPORT
MEETING DATE: February 5, 2024
SUBJECT: Fitch Mountain Public Access Improvements Revegetation Work Bid Award
PREPARED BY: Tom Campbell, Project Manager
STRATEGIC INITIATIVE(S):
Maintain and Improve Infrastructure and Facilities
Provide Resident-Driven Community Services
RECOMMENDED ACTION(S):
Adopt a Resolution conditionally awarding the contract for the Fitch Mountain Public Access Improvements Revegetation Work to Hanford Applied Restoration & Conservation in an amount not to exceed $172,520; authorizing the City Manager to execute the contract and approve contract change orders up to 10% of the original contract amount; and amending the adopted Fiscal Year 2023-2024 budget.
COMMUNITY ENGAGEMENT/OUTREACH:
In 2016, City staff conducted several public meetings with community members and local stakeholder groups to help identify key topics to be addressed in the Fitch Mountain Park and Open Space Preserve Management Plan (“Management Plan”). One of the outcomes from the community meetings was for the City to develop a formal entrance (“public access improvements”) to Fitch Mountain Park and Open Space Preserve (“Preserve”).
BACKGROUND:
The Fitch Mountain Public Access Improvements project was funded in the Council-adopted capital improvement program for fiscal years 2022-27. The City advertised bids for the project in March 2023 and received a single bid of $3,533,610, which was approximately 57 percent higher than the engineer’s estimate. The City Council rejected all bids received in April 2023 and directed staff to re-scope and re-advertise the project.
At the City Council’s direction, staff re-scoped the project and developed three bid alternates so that additional project scope reductions could be made if bid costs remained high. One of these bid alternates was for revegetation work throughout the project site.
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The advertised bids for the re-scoped project in May 2023, and the City received one bid from M3 Integrated Services, which included a $405,500 bid price for the revegetation bid alternate.
The City Council accepted the base bid from M3 and rejected the revegetation bid alternate because the bid alternate price was significantly higher than the engineer’s estimate. The design team anticipated that the revegetation work could be undertaken at a significant cost savings compared to the bid, and a funding allocation was reserved in the overall project budget for this work, which must be completed to meet the City’s Streambed Alteration Agreement with the California Department of Fish and Wildlife.
DISCUSSION/ANALYSIS:
The City issued an Invitation For Bid for the revegetation work, which includes planting and required irrigation for plant establishment, on November 17, 2023. The City received three bids on December 4, 2023. The lowest apparent and responsive bid was from Hanford Applied Restoration & Conservation in the amount of $172,520. The other bids received included the apparent second low bid of $201,999 and a high bid of $455,500.
The Hanford Applied Restoration & Conservation bid is complete and timely regarding all other requirements. It is recommended that the City Council award the contract to Hanford Applied Restoration & Conservation. The bidder agrees to deliver and complete the project within 60 calendar days from the date of issuance of notice to proceed.
Staff also recommends that the City Council approve a 10% contract contingency and authorize the City Manager to execute the contract and related change orders.
ENVIRONMENTAL STEWARDSHIP:
The Project site is considered an environmentally sensitive area. Technical specifications and construction notes for the future project include general requirements and procedures for protecting the environmental integrity of the site. This includes but is not limited to preconstruction training by a qualified biologist; employment of Best Management Practices (BMP’s) as described in the current CASQA stormwater BMP handbook for construction or Caltrans Storm Water Quality Handbook; sediment control measures to protect downstream waterways; and on-site emergency spill cleanup gear and fire equipment.
ALTERNATIVES:
The City Council could continue action on this item to a future Council meeting and direct staff to provide additional information and/or analysis, or the City Council could also choose to reject all bids and direct staff to rebid the project. This alternative is not recommended since the revegetation work is a requirement of the City’s Streambed Alteration Agreement with the California Department of Fish and Wildlife and the work must be completed prior to the summer to ensure that the planting achieves the 85% survival rate required by the agreement.
FISCAL IMPACT:
The total project budget for the Fitch Mountain Public Access Improvements including final design and project entitlements, construction, administration and testing, revegetation, construction contingency, and other project costs is $2,887,099. The project is funded by a
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combination of government grants including a $1,650,000 grant from the California Coastal Conservancy and a $185,530 grant from the California Parks and Water Bond Act of 2018 (Proposition 68) Per Capita program. The project is also supported by $671,569 from the Park Impact Fee Fund and $380,000 from the Measure M Parks Fund.
The approved project budget includes $50,000 for the revegetation work. The proposed contract is in the amount of $172,520 and a 10% contract contingency brings the total to $189,772. If City Council awards the contract to Hanford Applied Restoration & Conservation the project will require an additional $139,772 in funding. Staff is proposing to address the outstanding funding need by reallocating $90,000 of existing operating funding and using $49,772 of Community Services Operating Fund Balance.
The adopted FY 23-24 budget included $475,000 for deferred maintenance funding, of which $385,000 was allocated to various priority projects and $90,000 remained as a reserve for unforeseen project costs. Staff propose reallocating this reserve funding to complete the required revegetation work and appropriating the remaining additional funding from the Community Services Operating Fund. The FY 23-24 projected Community Services Operating Fund balance as of the first quarter report is $2,025,255 fully funding the reserve requirement at 30% of operating expenses. Appropriating $49,772 from the fund balance will require the utilization of reserve funds and leave a projected fund balance of $1,975,483, 29.3% of operating expenses.
ENVIRONMENTAL ANALYSIS:
The revegetation work is part of Phase A of the Fitch Mountain Public Access Improvements project, which was part of the Final Mitigated Negative Declaration for the Fitch Mountain Park and Open Space Preserve issued in November 2017, and the City has received all required environmental permits. Because none of the conditions requiring subsequent or supplemental environmental review identified in CEQA Guideleines Section 15162 have occurred, no further action is required to comply with CEQA.
ATTACHMENT(S):
Resolution
Bid Summary
Exhibit A
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CITY OF HEALDSBURG
RESOLUTION NO. _________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HEALDSBURG CONDITIONALLY AWARDING THE FITCH
MOUNTAIN PUBLIC ACCESS IMPROVEMENTS
REVEGETATION WORK PROJECT TO HANFORD APPLIED
RESTORATION & CONSERVATION IN THE AMOUNT OF
$172,520 AUTHORIZING THE CITY MANAGER TO EXECUTE
THE CONTRACT APPROVE CONTRACT CHANGE ORDERS
UP TO 10% OF THE ORIGINAL CONTRACT AMOUNT; AND
AMENDING THE ADOPTED FISCAL YEAR 2023-2024
BUDGET
WHEREAS, on November 20, 2017, the Council approved the Fitch Mountain Park and Open Space Preserve Management Plan (“Plan”) and executed the property transfer of Fitch Mountain Park and Open Space Preserve (“Preserve”) from LandPaths to the City of Healdsburg (“City”); and
WHEREAS, a component of the Plan identified public access improvements (“Improvements”) to access the Preserve from the Villa Chanticleer lower parking lot; and WHEREAS, the Improvements were funded in the City Council-adopted capital improvement program for fiscal years 2022-27; and
WHEREAS, in March 2023 the City noticed an invitation for bids for the Improvements, and in April 2023 received a single bid that was approximately 57 percent higher than the engineer’s estimate; and
WHEREAS, in May 2023, the City Council rejected all bids received for the Improvements, and directed staff to re-scope and re-advertise the project; and WHEREAS, in May 2023, the City advertised bids for a re-scoped project with three bid alternates including an alternate for revegetation work throughout the project site; and WHEREAS, in June 2023, received one bid from M3 Integrated Services, which included a $405,500 bid price for the revegetation work bid alternate; and WHEREAS, in June 2023, the City Council accepted the base bid from M3 and rejected the revegetation work bid alternate because the bid alternate price was significantly higher than the engineer’s estimate; and
WHEREAS, staff anticipated that the revegetation work could be undertaken at a significant cost savings compared to the bid, and a funding allocation was reserved in the overall project budget for this work; and
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Attachment: Resolution (4277 : Fitch Mountain Public Access Improvements - Revegetation Bid Award) Resolution No. ___-2024
WHEREAS, the revegetation work must be completed to meet the City’s Streambed Alteration Agreement with the California Department of Fish and Wildlife; and WHEREAS, the City issued an Invitation to Bid for the revegetation work, which includes planting and irrigation, on November 17, 2023; and
WHEREAS, the City received three bids on December 4, 2023 with the apparent lowest bid was submitted by Hanford Applied Restoration & Conservation in the amount of $172,520; and
WHEREAS, staff has verified that Hanford Applied Restoration & Conservation possesses the required license(s) and is otherwise qualified to complete the project; and WHEREAS, staff has reviewed the proposal and determined that there are no irregularities; and
WHEREAS, staff recommends awarding the contract to Hanford Applied Restoration & Conservation in the amount of $172,520; and
WHEREAS, staff recommends a 10% contract contingency of $17,252; and WHEREAS, the total project budget for the Fitch Mountain Public Access Improvements including final design and project entitlements, construction administration and testing, revegetation, construction contingency, and other project costs is $2,887,099; and WHEREAS, the project is funded by a combination of government grants including a $1,650,000 grant from the California Coastal Conservancy and a $185,530 grant from the California Parks and Water Bond Act of 2018 (Proposition 68) Per Capita program; and WHEREAS, staff propose appropriating funds as indicated in Exhibit A to the Fitch Mountain Public Access Improvements project to fund the remaining project budget for revegetation work; and
WHEREAS, the public access improvement work was part of the Final Mitigated Negative Declaration for the Fitch Mountain Park and Open Space Preserve issued in November 2017.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Healdsburg hereby;
1. Conditionally awards the Fitch Mountain Public Access Improvements Revegetation Work to Hanford Applied Restoration & Conservation.
2. Authorized the City Manager to execute the contract.
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Attachment: Resolution (4277 : Fitch Mountain Public Access Improvements - Revegetation Bid Award) Resolution No. ___-2024
3. Authorizes the City Manager to negotiate and approve contract change orders up to ten percent (10%) of the original contract amount, issue the notice of award to Hanford Applied Restoration & Conservation and to otherwise administer the Project.
4. Approves amending the adopted Fiscal Year 2023-2024 budget as depicted on the attached Exhibit A.
5. Determines that impacts of the public access improvement work were analyzed in the Final Mitigated Negative Declaration for the Fitch Mountain Park and Open Space Preserve issued in November 2017.
PASSED, APPROVED, AND ADOPTED this 5
th day of February 2024 by the following vote:
AYES: Councilmembers: ( )
NOES: Councilmembers: ( )
ABSENT: Councilmembers: ( )
ABSTAINING: Councilmembers: ( )
SO ORDERED: ATTEST:
___________________________________ ____________________________________ David Hagele, Mayor Raina Allan, City Clerk
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Attachment: Resolution (4277 : Fitch Mountain Public Access Improvements - Revegetation Bid Award) Total Cost (in
figures
Total Cost (in
figures
Total Cost (in
figures
$172,520.00 $201,999.00 $455,500.00
Sub/Location Trade/Amount Sub/Location Trade/Amount Sub/Location Trade/Amount Prado's Landscaping Marina Landscape, Inc.
Base Bid Total
Hanford Applied
Restoration &
Conservation
BID SUMMARY Fitch Mountain Public Access
Improvements – Revegetation IFB-08-023
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Attachment: Bid Summary (4277 : Fitch Mountain Public Access Improvements - Revegetation Bid Resolution No.
Exhibit A
Account Number Increase Amount Decrease Amount Description 582-3001-45000-CS001 $ 139,772 Increase Fitch Mountain Park and Open Space Preserve Project Budget for Revegation Work 585-8080-42301-00000 $ 49,772 Increase Transfer out from Community Services Operating Fund 582-1000-39001-00000 $ 49,772 Increase Transfer In to Community Services Capital Fund FY 23-24 Budget Amendment
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Attachment: Exhibit A (4277 : Fitch Mountain Public Access Improvements - Revegetation Bid Award)
CITY OF HEALDSBURG
CITY COUNCIL AGENDA STAFF REPORT
MEETING DATE: February 5, 2024
SUBJECT: Community-Wide Electric Energy and Demand Forecast PREPARED BY: Terra Sampson, Utility Conservation Analyst STRATEGIC INITIATIVE(S):
Pursue Initiatives that Promote Environmental Stewardship Provide Effective Governance
RECOMMENDED ACTION(S):
Adopt a Resolution approving an agreement with Rincon Consulting, Inc. (Rincon) to Develop a Long-Range Energy and Demand Forecast for City of Healdsburg and authorizing the City Manager to execute the agreement on the City’s behalf.
COMMUNITY ENGAGEMENT/OUTREACH:
In October 2023, City Council adopted the Healdsburg Climate Mobilization Strategy (CMS), which included extensive community engagement and outreach activities. This item addresses actions included in the CMS Implementation Plan and community comments received during the development.
BACKGROUND:
The City of Healdsburg has adopted a CMS in support of State and Regional greenhouse gas (GHG) reduction goals. The CMS identifies key measures and actions that will be most impactful in reducing GHG emissions, are equitable, feasible, and community driven. The CMS includes an Implementation Plan, which presents the measures and actions to be implemented in the next 1-3 years. This item addresses the following action from the CMS Implementation Plan:
• BE-1.1 Conduct electrification infrastructure and capacity feasibility studies. This would include:
o Develop a long-range community-wide electric energy and demand forecast to estimate future usage and peak demands due to adoption rates of building and transportation electrification. Use the forecast to help inform the amount of new energy sources and system capacity improvements required. o Formalize the City’s electric department long-range (ten-year) electric capital improvement plan with consideration for necessary infrastructure improvements to meet future demands.
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o Using the developed long-range energy and demand forecast, formalize a pathway (resource-plan) to meet the City’s energy needs and list of potential resources through 2045. Generation Resources may include a combination of local and remote generation sites as well as energy storage.
o Prioritize and schedule projects for implementation.
o The energy forecast study and formalized plans should identify barriers for implementation of priority projects, as well as identify funding sources, impacts on rates, and partnerships needed for successful implementation.
City staff propose a contract with Rincon to develop a long-range energy and demand forecast as the first step in the CMS action listed above. This forecast will be essential to understand future electric consumption and peak customer demand in various scenarios of building and transportation electrification allowing City staff to effectively plan for future infrastructure and resource needs.
DISCUSSION/ANALYSIS:
Rincon recently worked with the City of Healdsburg to complete the CMS and is knowledgeable of the City’s current energy profile and greenhouse gas (GHG) reduction goals to increase building electrification and electric vehicle (EV) penetration. As part of the CMS, Rincon also developed a GHG emissions forecast and a scenario-planning tool, which involved substantial local data such as GHG inventory metrics, Sonoma County travel model, State resources, and more. Rincon will be able to leverage these existing tools and existing familiarity with local data sources to develop a long-range energy and demand forecast.
Staff have reviewed other Publicly-Owned-Utility energy forecast contracts and reports and believe that this project is beneficial and cost-competitive. In addition to working on the Healdsburg CMS, Rincon also has experience with building electrification strategies, vehicle electrification impacts, and energy and GHG modeling.
Rincon’s services for the forecast include:
• Project Kick-Off
• Project Management
• Hourly Electricity Demand Data for Building Energy and Electric Vehicles • Activity and Scenario Identification, such as
o Climate conditions
o CMS activities
o % total EV adoption
o % electric vehicle charging at residences,
o % electric vehicle charging at public chargers within City limits, including nonresidents such as commuters and tourists, as wells a vehicles registered in Healdsburg;
o EV charger technologies and charging scenarios (e.g., level of Level II charging vs DC fast charging, duration of charging event)
o % building electrification by appliance type
o Customer self generation and storage trends
o Population change
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o Load shifting technologies
• Energy and Demand Forecast Model Buildout for hourly electricity usage between 2025- 2045
• Technical Documentation
• Summary Presentation
Optional activities that are not recommended at this time but could be considered in the future include a GHG emissions analysis, distributed generation and battery capacity analysis, and onbill fuel switching cost analysis.
The model will be built out such that the Electric Department can select between up to three climate scenarios and adjust the level of implementation for the different identified activities.
This flexibility will allow the City to see how energy demand may change depending on the level of implementation of different CMS measures. This method of building out a dynamic quantification model with flexibility is expected to be more useful and increase efficiency after buildout for evaluating different scenarios rather than quantifying and forecasting static scenarios. Staff believe this flexible hourly model will provide the basis necessary for developing a Resource Plan to meet the City’s energy needs and identifying potential resources through 2045.
ENVIRONMENTAL STEWARDSHIP:
Measure BE-1 in the CMS is to Procure 85% of electricity from renewable and zero-carbon sources by 2030 and 100% renewable and carbon-free no later than 2045. This measure is expected to reduce GHG emissions by 2,171 metric tons of carbon dioxide equivalent (MT CO2e) in 2030. The electrification infrastructure and capacity feasibility studies are the first steps in working on this measure.
ALTERNATIVES:
As an alternative the City Council could choose not to adopt the recommended resolution and provide further direction to staff.
FISCAL IMPACT:
The anticipated contract cost is $79,409. With a 10% contingency for additional data analysis or other associated forecast work, the total not-to-exceed amount is $87,350. Optional tasks are an additional $26,129. Due to market energy costs underrunning budget forecasts, there is sufficient funds within the Electric Operations budget (Fund 540) to support this contract without additional appropriations.
ENVIRONMENTAL ANALYSIS:
An Energy and Demand Forecast is not subject to the provisions of the California Environmental Quality Act (CEQA) because an Energy and Demand Forecast is not a project, since it will not have a direct or reasonably foreseeable indirect impact on the environment.
ATTACHMENT(S):
Resolution
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CITY OF HEALDSBURG
RESOLUTION NO. _________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HEALDSBURG APPROVING AN AGREEMENT WITH
RINCON CONSULTING, INC. (RINCON) TO DEVELOP A
LONG-RANGE ENERGY AND DEMAND FORECAST FOR
THE CITY OF HEALDSBURG, AND AUTHORIZING THE
CITY MANAGER TO EXECUTE THE AGREEMENT ON THE
CITY’S BEHALF
WHEREAS, the City of Healdsburg owns and operates a publicly owned electric utility; and
WHEREAS, the City of Healdsburg has adopted a Climate Mobilization Strategy (CMS) in support of State and Regional greenhouse gas (GHG) reduction goals; and WHEREAS, the CMS Implementation Plan includes an action to conduct electrification infrastructure and capacity feasibility studies; and
WHEREAS, the CMS also includes goals for 5-8% building electrification and 30-40% transportation electrification; and
WHEREAS, an electric energy and demand forecast is important to understand future electric consumption and demand in various scenarios of building and transportation electrification to allow City staff to effectively plan for future infrastructure and resource needs; and WHEREAS, Rincon is familiar with Healdsburg’s CMS and associated data and is experienced in building electrification strategies, vehicle electrification impacts, and energy and GHG modeling; and
WHEREAS, the forecast will develop a flexible hourly model that can provide the basis necessary for developing a Resource Plan to meet the City’s energy needs and identifying potential resources through 2045; and
WHEREAS, an Energy and Demand Forecast is not subject to the provisions of the California Environmental Quality Act (CEQA) because an Energy and Demand Forecast is not a project, since it will not have a direct or reasonably foreseeable indirect impact on the environment.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Healdsburg does hereby:
1. Authorize the City Manager to execute a professional services agreement with Rincon for a total not-to-exceed amount of $79,409.
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Attachment: Resolution (4308 : Energy and Demand Forecast) Resolution No. -2024
2. Authorize the City Manager to execute change orders to the professional services agreement for up to 10% of the contract amount not to exceed $7,941.
3. Find that an Energy and Demand Forecast is not subject to the provisions of the California Environmental Quality Act (CEQA) because an Energy and Demand Forecast is not a project, since it will not have a direct or reasonably foreseeable indirect impact on the environment.
PASSED, APPROVED, AND ADOPTED this 5th day of February 2024 by the following vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
ABSTAINING: Councilmembers:
SO ORDERED: ATTEST:
_________________________________ ___________________________________ David Hagele, Mayor Raina Allan, City Clerk
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Attachment: Resolution (4308 : Energy and Demand Forecast)
CITY OF HEALDSBURG
CITY COUNCIL AGENDA STAFF REPORT
MEETING DATE: February 5, 2024
SUBJECT: Audited Financial Statement for the Fiscal Year Ending June 30, 2023 PREPARED BY: Katie Edgar, Finance Director
STRATEGIC INITIATIVE(S):
Provide Effective Governance
RECOMMENDED ACTION(S):
By motion, approve the fiscal year 2022-23 audited financial statements based on an audit performed in accordance with Government Auditing Standards.
COMMUNITY ENGAGEMENT/OUTREACH:
Not applicable.
BACKGROUND:
The City is required by the State of California Government Code to complete an independent audit of its financial statements at the end of each fiscal year. The City prepares annual financial statements in accordance with generally accepted accounting principles. The City’s auditor has recently completed its audit of the City’s fiscal year 2022-23 statements and found no errors or issues with the City’s statements.
DISCUSSION/ANALYSIS:
Badawi & Associates has completed the fiscal year 2022-23 audit of the City’s financial statements. Staff is pleased to report that, as in previous years, the auditor’s opinion on the City’s fiscal year 2022-23 financial statements is without exception or unqualified. That is, the auditor’s report is not restricted (qualified) in some manner, nor does it take exception to any of the information contained in the City’s financial statements. While a qualification or exception is not necessarily detrimental, staff is proud to report that the City’s financial statements continue to earn a “clean opinion.”
The Annual Financial Report includes Management’s Discussion and Analysis, which provides a simple narrative introduction, overview and analysis of the basic financial statements. The first two statements, the Statement of Net Position and the Statement of Activities, provide information about the activities of the City as a whole. These statements include all assets and
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liabilities using the accrual basis of accounting, which is similar to the accounting used by most private sector companies. All current year’s revenues and expenses are taken into account regardless of when cash is received or paid. Capital assets, including infrastructure and long-term liabilities, are included on a City-wide Statement of Net Position.
Overall, the City’s net position increased by $12.75 million. Over time, increases or decreases in net financial position may serve as a useful indicator of whether the financial position of the City is improving or declining. From the most basic view, the net position is the difference between the assets and the liabilities. The fiscal year 2022-23 net position increase is 2.5% greater than the prior fiscal years change in net position driven by a decrease in revenues of $3.41 million and a decrease in expenses of $3.73 million. These comparative decreases were largely a result of the one-time Project Homekey revenue and expenses incurred in the prior year being offset by increases in interest earnings, operating grant revenue, and the one-time expense associated with the purchase of an Aerial Ladder Truck for Public Safety.
The Balance Sheet and Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds are found on pages 27 and 29, and present information in a manner more consistent with how the City prepares its budget. The unassigned fund balance of the combined General Fund was $8.76 million, while the total fund balance was $16.29 million. The unassigned classification represents the fund balance that has not been legally restricted, committed, or assigned to specific purposes within the General Fund. For financial statement reporting purposes, the combined General Fund includes nine funds. Following the basic financial statements is the Notes section beginning on page 41. The Notes provide a description of accounting policies used by the City and additional information regarding the financial statements. The Required Supplementary Information Section of the report begins on page 101 and includes a Schedule of the Local Government’s Proportionate Share of the Net Pension Liability, Schedule of Pension Contributions, Schedule of Change in Net OPEB Liability and Related Ratios, Schedule of OPEB Contributions, and Schedule of Revenues, Expenditures and Changes in Fund Balances Budget to Actual. The Other Supplemental Information Section begins on page 113 and includes the Nonmajor Governmental Funds, General Fund Activities combining statements, Water Fund Activities combining statements, Sewer Fund Activities combining statements, Electric Fund Activities combining statements, Internal Service Funds combining statements and the Private-purpose Trust Funds combining statements.
Badawi & Associates also provided the City with a Management Report. The Management Report is intended to provide management and those charged with governance with valuable information regarding the organization. In an audit of financial statements, professional standards require that auditors obtain an understanding of internal controls to the extent necessary to plan the audit. Auditors evaluate each internal control deficiency noted during the audit to determine whether the deficiency, or a combination of deficiencies, is severe enough to be considered a material weakness or significant deficiency. The results of Badawi & Associates’ tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
ENVIRONMENTAL STEWARDSHIP:
Not applicable.
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ALTERNATIVES:
Staff does not recommend any alternatives as the City is required by the State of California Government Code to complete an independent audit of its financial statements at the end of each fiscal year.
FISCAL IMPACT:
There is no fiscal impact as a direct result of the proposed action ENVIRONMENTAL ANALYSIS:
Pursuant to Title 14, the California Code of Regulations, Section 15378(b)(5) of the California Environmental Quality Act (“CEQA”) guidelines, the proposed action is an administrative activity of the City that will not result in direct or indirect physical changes to the environment.
ATTACHMENT(S):
Financial Statements for Fiscal Year 2022-23
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CITY OF HEALDSBURG, CALIFORNIA
BASIC FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
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Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
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Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Basic Financial Statements
For the year ended June 30, 2023
Table of Contents
Page
INTRODUCTORY SECTION
Table of Contents............................................................................................................................................................... i
FINANCIAL SECTION
Independent Auditor’s Report.........................................................................................................................................1 Management’s Discussion and Analysis.................................................................................................................. 5 Basic Financial Statements:
Government‐wide Financial Statements:
Statement of Net Position........................................................................................................................................20 Statement of Activities.............................................................................................................................................22 Fund Financial Statements:
Governmental Fund Financial Statements:
Balance Sheet – Governmental Funds.................................................................................................................. 27 Reconciliation of the Governmental Funds Balance Sheet to the Government‐Wide Statement of Net Position .................................................................................................................................28 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ....................................................................................................................... 29 Reconciliation of the Governmental Funds Statement of Revenue, Expenditures, and Changes in Fund Balances to the Government‐Wide Statement of Activities..................................................30 Proprietary Fund Financial Statements:
Statement of Net Position – Proprietary Funds.................................................................................................... 32 Statement of Revenues, Expenses and Changes in
Net Position – Proprietary Funds....................................................................................................................... 34 Statement of Cash Flows – Proprietary Funds...................................................................................................... 36 Fiduciary Fund Financial Statements:
Statement of Fiduciary Net Position – Fiduciary Funds........................................................................................38 Statement of Changes in Fiduciary Net Position – Fiduciary Funds......................................................................39 Notes to Basic Financial Statements ........................................................................................................................... 43 Required Supplemental Information:
Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual:
General Fund..........................................................................................................................................................103 Community Services Special Revenue Fund .......................................................................................................... 104 Schedule of the City’s Proportionate Share of the Net Pension Liability and Related Ratios as of the Measurement Date ‐ CalPERS Pension Plan Last Ten Years...................................................................................106 Schedule of Plan Contributions ‐ CalPERS Pension Plan............................................................................................108 Schedule of Changes in the Net OPEB Liability and Related Ratios ..........................................................................110 Notes to Required Supplementary Information........................................................................................................ 112 i
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Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Basic Financial Statements
For the year ended June 30, 2023
Table of Contents
Page
FINANCIAL SECTION, Continued
Supplementary Information:
Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual:
Street Capital Project Fund ....................................................................................................................................115 Nonmajor Governmental funds:
Combining Balance Sheet – NonmajorGovernmental Funds....................................................................................116 Combining Statements of Revenues, Expenditures and Changes in Fund Balances – NonmajorGovernmental Funds..................................................................................................120 Schedules of Revenue, Expenditures, and Changes in Fund Balance – Budget and Actual:
Nonmajor Special Revenue Funds:
Gas Tax Special Revenue Fund............................................................................................................................ 123 North Area ..........................................................................................................................................................124 Benjamin Way Maintenance District .................................................................................................................. 125 Public Safety Special Revenue Fund.................................................................................................................... 126 Strong Motion Education and Data Special Revenue Fund ................................................................................127 Area A Lighting and Landscaping Special Revenue Fund....................................................................................128 Media Center Special Revenue Fund .................................................................................................................. 129 Park Development Fees......................................................................................................................................130 Parking Impact Fees............................................................................................................................................131 Housing Successor Agency Special Revenue Fund..............................................................................................132 Opioid Settlements .............................................................................................................................................133 Senior Trust Center.............................................................................................................................................134 Misc. Projects......................................................................................................................................................135 General Debt Service Fund .................................................................................................................................136 General Fund Activities:
Combining Balance Sheet – General Fund.......................................................................................................... 138 Statement of Revenues, Expenditures, and Changes in Fund Balance – General Fund.....................................140 Water Fund Activities:
Combining Statement of Net Position – Water Fund .........................................................................................142 Combining Statement of Revenues, Expenses, and Changes in Net Position – Water Fund .............................143 Sewer Fund Activities:
Combining Statement of Net Position – Sewer Fund .........................................................................................144 Combining Statement of Revenues, Expenses, and Changes in Net Position – Sewer Fund..............................145 Electric Fund Activities:
Combining Statement of Net Position – Sewer Fund .........................................................................................146 Combining Statement of Revenues, Expenses, and Changes in Net Position – Sewer Fund..............................147 ii
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Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Basic Financial Statements
For the year ended June 30, 2023
Table of Contents
Page
Internal Service Funds:
Combining Statement of Net Position ................................................................................................................ 148 Combining Statement of Revenues, Expenses, and Changes in Net Position ....................................................149 Combining Statement of Cash Flows.................................................................................................................. 150 Fiduciary Funds:
Combining Statement of Fiduciary Net Position.................................................................................................151 Combining Statement of Changes in Fiduciary Net Position ..............................................................................152 Custodial Funds
Combining Statement of Fiduciary Net Position.................................................................................................153 Combining Statement of Changes in Fiduciary Net Position ..............................................................................154 iii
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Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) his page intentionally left blank.
iv
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Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) INDEPENDENT AUDITOR’S REPORT
To the Honorable Mayor and Members of the City Council
of the City of Healdsburg
Healdsburg, California
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Healdsburg (City), as of and for the year ended June 30, 2023, and the related notes to the financial statements, which collectively comprise City’s basic financial statements as listed in the table of contents.
In our opinion, the accompanying financial statements present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2023, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.
We did not audit the financial statements of the Northern California Power Agency, which represent 14 percent, 16 percent, and 40 percent, respectively, of the assets, net position, and operating revenues of the Electric Fund. Those financial statements were audited by other auditors whose reports thereon have been furnished to us, and our opinion, insofar as it relates to the amounts included for the City’s equity in Northern California Power Agency is based solely on the reports of the other auditors.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements The City’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
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Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) To the Honorable Mayor and Members of the City Council
of the City of Healdsburg
Healdsburg, California
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. 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 will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material misstatement of the financial statements, 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 amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed. Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
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Packet Pg. 95
Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) To the Honorable Mayor and Members of the City Council
of the City of Healdsburg
Healdsburg, California
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison schedules for the General Fund and major special revenue fund, and the required pension and OPEB schedules on pages 5-15 and 103–112 be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The budgetary comparison schedule for the streets capital project fund, the combining and individual nonmajor governmental fund statements, the budgetary comparison schedules for the nonmajor governmental funds and the combining General Fund Activities, Water Fund Activities, Sewer Fund Activities, Electric Fund Activities, Internal Service Funds, and Fiduciary Funds are presented for purposes of additional analysis and are not required parts of the basic financial statements.
The budgetary comparison schedule for the streets capital project fund, the combining and individual nonmajor governmental fund statements, the budgetary comparison schedules for the nonmajor governmental funds and the combining General Fund Activities, Water Fund Activities, Sewer Fund Activities, Electric Fund Activities, Internal Service Funds, and Fiduciary Funds are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, The budgetary comparison schedule for the streets capital project fund, the combining and individual nonmajor governmental fund statements, the budgetary comparison schedules for the nonmajor governmental funds and the combining General Fund Activities, Water Fund Activities, Sewer Fund Activities, Electric Fund Activities, Internal Service Funds, and Fiduciary Funds are fairly stated, in all material respects, in relation to the basic financial statements as a whole. 3 6.F.a
Packet Pg. 96
Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) To the Honorable Mayor and Members of the City Council
of the City of Healdsburg
Healdsburg, California
Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated January 29, 2024 on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.
Badawi & Associates, CPAs
Berkeley, California
January 29, 2024
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Packet Pg. 97
Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
CITY OF HEALDSBURG
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2023
As management of the City of Healdsburg (“City”), we offer readers of the City’s financial statements this narrative overview and analysis of the financial activities of the City for the fiscal year ended June 30, 2023. We encourage readers to consider the information presented here in conjunction with the accompanying Independent Auditor’s Report, the financial statements, and the accompanying notes to the financial statements.
Financial Highlights
Total City assets exceeded liabilities by $239.77 million (net position) at June 30, 2023, an increase of $12.75 million, or 5.63% over the prior fiscal year net position. The City’s current fiscal year change in net position of $12.75 million was 2.5% greater than the prior fiscal year change in net position of $12.43 million. Citywide revenues decreased $3.41 million from the previous fiscal year while expenses decreased $3.73 million. The revenue reductions were driven by a $7.24 reduction in Capital Grants associated largely with the one-time Project Homekey Grant, offset partially by an increase in one-time Operating Grants of $1.22 million and the increase in Use of Money and Property of $2.78 million reflecting the change in interest earnings. The expense reductions were driven by a $6.02 million reduction in general governmental activity largely associated with the Project Homekey Grant, and a $3.36 million increase in Public Safety expenses driven by the purchase of a new Aerial Ladder Truck and cost-of-living increases. At the close of fiscal year 2022-23, City governmental funds reported combined ending fund balance of $31.93 million, an increase of $1.89 million or 6.30% from the prior fiscal year. At the end of fiscal year 2022-23, unassigned fund balance for the General Fund was $8.76 million, or 41.98% of total General Fund expenditures. This represents a $3.36 million growth in the unassigned fund balance from the prior year largely associated with the building of funds to support upcoming large capital projects. The General Fund Balance sheet is on page 27.
Overview of the Basic Financial Statements
This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements. The City’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements and 3) notes to the financial statements. This report also contains required supplementary information in addition to the basic financial statements themselves.
REQUIRED COMPONENTS OF THE ANNUAL FINANCIAL REPORT
Summary Detail
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Packet Pg. 98
Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
CITY OF HEALDSBURG
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2023
Government-wide Financial Statements. The government-wide financial statements are comprised of the Statement of Net Position and Statement of Activities. These two statements are designed to provide readers with a broad overview of the City’s finances utilizing the full accrual method of accounting, in a manner similar to a private-sector business. Under the full accrual method of accounting, transactions are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, assets, liabilities, revenues and expenses are reported in these statements for some items that will only result in cash flows in future fiscal periods (e.g. uncollected revenues and accrued but unpaid interest expense).
The Statement of Net Position presents information on all of the City’s assets and liabilities, including capital assets and long-term liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City as a whole is improving or deteriorating.
The Statement of Activities presents information showing how the City’s net position changed during the most recent fiscal year. Functional activities are highlighted in this statement, whereby direct and indirect functional costs are shown net of related program revenue. This statement shows the extent to which the various functions depend on general taxes and non-program revenues for support.
Both the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include general government, public safety, community development and housing, community services and streets capital projects. The business-type activities of the City include the water, sewer and electric utilities, and other programs.
Fund Financial Statements. The fund financial statements focus on current available resources and are organized and operated on the basis of funds, each of which is defined as a fiscal and accounting entity with a self-balancing set of accounts established for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions or limitations. All of the funds of the City can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds.
The City adopts an annual appropriated budget for all governmental and proprietary funds.
Budgetary comparison statements for the General Fund and all major special revenue funds are required and included in the basic financial statements. The Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual – General Fund on page 103, reflect both the original and final budget figures for the General Fund. Additionally, budgetary schedules for the other governmental funds have been provided as required to demonstrate compliance with the budget.
Governmental Funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike 6 6.F.a
Packet Pg. 99
Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
CITY OF HEALDSBURG
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2023
the government-wide financial statements, the governmental funds financial statements utilize the modified accrual method of accounting, which focuses on near-term inflow and outflow of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating the City’s near-term financial requirements.
The City maintains twenty-three individual governmental funds. Information is presented separately in the Governmental Funds Balance Sheet and in the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund, Community Services, and Capital Projects as they are considered to be major funds. Data from the other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of supplementary combining statements.
Proprietary Funds. Proprietary funds are generally used to account for services for which the City charges outside customers, or internal departments of the City. Proprietary funds provide the same type of information as shown in the government-wide statements, only in more detail. The City maintains the following two types of proprietary funds:
Enterprise Funds. These funds are used to report the same functions presented as businesstype activities in the government-wide financial statements. The City uses enterprise funds to account for the operations of water, sewer, electric, and airport. Internal Service Funds. These funds are used to report activities that provide internal services for the City. The City uses internal service funds to account for its insurance and benefits, vehicle maintenance, information systems, and building maintenance. Because internal service funds predominantly benefit governmental rather than business-type functions, they have been included within governmental activities in the government-wide financial statements. The internal service funds are combined into a single, aggregated presentation in the proprietary fund financial statements.
Fiduciary Funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the City’s own programs.
Notes to the Financial Statements. The notes provide additional information that is essential to a full understanding of the government-wide and fund financial statements.
Other Supplementary Information. In addition to the basic financial statements and accompanying notes, this report also presents combining statements referred to earlier in connection with other governmental funds and the internal service funds. Also included are the budgetary comparison Statement of Revenues, Expenditures, and Changes in Fund Balances for all other special revenue funds, capital project funds and all debt service funds.
Government-Wide Financial Analysis. Net position may serve over time as a useful indicator of a government’s financial position. The following table reflects the condensed net position for 7 6.F.a
Packet Pg. 100 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
CITY OF HEALDSBURG
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2023
both governmental and business-type activities.
By far the largest portion of the City’s net position (81.88%) reflects its net investment in capital assets (e.g. land, buildings, utility plants, machinery, equipment, vehicles, and infrastructure), net of any related outstanding debt used to acquire those assets. The City uses these assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves are not normally used to liquidate these liabilities.
Another portion of the City’s net position ($40.57 million or 16.97%) represents resources that are subject to external restrictions on how they may be used, noted above as restricted and committed net position.
ASSETS 2023 2022 2023 2022 2023 2022
Current and other assets $ 56,486,974 $ 42,713,406 $ 40,473,447 $ 42,710,347 $ 96,960,421 $ 85,423,753 Capital assets 116,407,669 113,922,014 103,068,284 104,161,035 219,475,953 218,083,049 Total assets 172,894,643 156,635,420 143,541,731 146,871,382 316,436,374 303,506,802
DEFERRED OUTFLOWS OF RESOURCES
Deferred Amounts on Refundings - - 656,876 711,616 656,876 711,616 Deferred Pension Related Items 13,752,602 6,403,739 5,278,010 2,100,952 19,030,612 8,504,691 Deferred OPEB Related Items 120,012 137,203 55,031 64,038 175,043 201,241 Total deferred outflows 13,872,614 6,540,942 5,989,917 2,876,606 19,862,531 9,417,548
LIABILITIES
Current Liabilities 16,091,393 5,628,478 3,255,721 3,515,838 19,347,114 9,144,316 Long-term liabilities 36,719,400 23,497,268 36,624,578 32,708,509 73,343,978 56,205,777 Total liabilities 52,810,793 29,125,746 39,880,299 36,224,347 92,691,092 65,350,093
DEFERRED INFLOWS OF RESOURCES
Lease 301,930 210,477 - - 301,930 210,477
Deferred Pension Related Items 2,572,948 14,204,687 1,224,087 6,358,772 3,797,035 20,563,459 Deferred OPEB Related Items 295,645 321,075 135,568 149,858 431,213 470,933 Total deferred inflows 3,170,523 14,736,239 1,359,655 6,508,630 4,530,178 21,244,869
NET POSITION
Net Investment
in Capital Assets 115,992,639 111,681,510 79,775,942 78,295,402 195,768,581 189,976,912 Restricted 23,126,103 25,078,239 17,445,953 16,533,729 40,572,056 41,611,968 Committed - - - - - -
Assigned - 315,545 - - - 315,545
Unrestricted (8,332,802) (17,760,917) 11,069,799 12,185,880 2,736,997 (5,575,037) Total net position 130,785,940 $ 119,314,377 $ 108,291,694 $ 107,015,011 $ 239,077,634 $ 226,329,388 $ Governmental Activities Business-type Activities Total Government
NET POSITION
June 30, 2023 and 2022
8 6.F.a
Packet Pg. 101 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
CITY OF HEALDSBURG
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2023
The following table reflects the change in net position for both governmental and business-type activities.
The Change in Net Position shows how the government’s net position changed during fiscal year 2022-23 as compared to fiscal year 2021-22. The City’s current fiscal year change in net position of $12.75 million, compared to the prior fiscal year change in net position of $12.43 million, resulted in an increase of $318 thousand (2.50%).
Governmental Activities. Net Governmental activities (before transfers) decreased $3.50 million during the fiscal year ended June 30, 2023. Revenue decreased 5.34 million or 12.55%, and expenses decreased $1.84 million or 6.63%. Factors contributing to the current fiscal year decrease in revenue include:
2023 2022 2023 2022 2023 2022
PROGRAM REVENUES
Charges for Services $ 4,421,908 $ 5,545,226 $ 29,981,566 $ 30,394,456 $ 34,403,474 $ 35,939,682 Operating Grants and Contributions 3,981,680 2,761,203 - 3,981,680 - 2,761,203 Capital Grants and Contributions 1,048,884 9,343,818 1,163,423 108,016 2,212,307 9,451,834
GENERAL REVENUES
Property and Other Taxes 3,094,769 2,758,260 - 3,094,769 - 2,758,260 Sales and Use Taxes 9,277,749 9,395,151 - 9,277,749 - 9,395,151 Motor Vehicle in Lieu 1,868,973 1,636,099 - 1,868,973 - 1,636,099 Franchise Fees 789,088 699,119 - - 789,088 699,119
Business License Taxes 302,636 261,310 - - 302,636 261,310 Transient Occupancy Taxes 9,804,566 10,691,290 - 9,804,566 - 10,691,290 Use of Money and Property 900,543 (589,448) 716,338 (576,252) 1,616,881 (1,165,700) Other Revenues (Misc) 1,746,298 77,319 - 1,746,298 - 77,319 TOTAL REVENUES $ 37,237,094 $ 42,579,347 $ 31,861,327 $ 29,926,220 $ 69,098,421 $ 72,505,567
EXPENSES
Governmental Activities
General Government $ 3,744,233 $ 9,765,583 $ - $ 3,744,233 - $ $ 9,765,583 Public Safety 11,039,857 7,681,297 - 11,039,857 - 7,681,297 Community Development 1,433,300 534,729 - 1,433,300 - 534,729 Community Services 5,577,915 4,286,641 - 5,577,915 - 4,286,641 Streets and Roads 1,199,594 2,498,470 - 1,199,594 - 2,498,470 Interest on Long Term Debt 36,703 79,746 - - 36,703 79,746 Unallocated Depreciation 2,893,849 2,920,035 - 2,893,849 - 2,920,035 Business Type Activities
Water - 4,826,995 - 6,963,686 4,826,995 6,963,686
Sewer - 8,959,877 - 10,041,386 8,959,877 10,041,386
Electric - 16,216,357 - 14,844,513 16,216,357 14,844,513 Non-Major Enterprise Funds (Airport) - - 421,495 459,581 421,495 459,581 TOTAL EXPENSES $ 25,925,451 $ 27,766,501 $ 30,424,724 $ 32,309,166 $ 56,350,175 $ 60,075,667
EXCESS (DEFICIENCY)OF REVENUES
OVER EXPENSES BEFORE TRANSFERS $ 11,311,643 $ 14,812,846 $ 1,436,603 $ (2,382,946) $ 12,748,246 $ 12,429,900 Transfers
Transfers In (Out) $ 159,920 $ (29,882) $ (159,920) $ 29,882 $ - $ - TOTAL TRANSFERS $ 159,920 $ (29,882) $ (159,920) $ 29,882 $ - $ - CHANGE IN NET POSITION $ 11,471,563 $ 14,782,964 $ 1,276,683 $ (2,353,064) $ 12,748,246 $ 12,429,900 NET POSITION JULY 1 119,314,377 104,531,413 107,015,011 109,368,075 226,329,388 213,899,488
RESTATEMENT OF NET POSITION - - - - - -
NET POSITION JUNE 30 $ 119,314,377 130,785,940 $ 108,291,694 $ 107,015,011 $ 239,077,634 $ 226,329,388 $
CHANGE IN NET POSITION
FOR THE FISCAL YEARS ENDED JUNE 30, 2023 and 2022
Government Activities Business-Type Activities Totals
9 6.F.a
Packet Pg. 102 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
CITY OF HEALDSBURG
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2023
Charges for services decreased $1.12 million
Operating grants and contributions increased $1.22 million Capital grants and contributions decreased $8.29 million Use of money and property increased $1.49 million
Other revenues increased $1.67 million
The chart below reflects information from the Statement of Activities, page 22 of the Financial Statements. The largest revenue source for governmental activities is transient occupancy taxes (26.33%), followed by sales and use tax (24.92%), property taxes (13.33%), and charges for services (11.88%).
REVENUES BY SOURCE – GOVERNMENTAL ACTIVITIES
FOR FISCAL YEAR ENDED JUNE 30, 2023
As for expenditures, public safety expenses are the most significant (42.58%) of all governmental activity expenses, followed by community services (21.52%), general government (14.44%), community development (5.54%) and streets and roads (4.63%). Depreciation expense is 11.16% of the total expenses for governmental activities. The chart below reflects information from the Financial Statements, Statement of Activities on page 22.
EXPENSES BY FUNCTION/PROGRAM – GOVERNMENTAL ACTIVITIES
FOR FISCAL YEAR ENDED JUNE 30, 2023
Property Taxes
13.33%
Franchise Fees
2.12%
Sales & Use Taxes
24.92% Transient Occupancy
Taxes
26.33%
Business License Taxes
0.81%
Use of Money and Property
2.42%
Capital Grants &
Contributions
2.82%
Miscellaneous
4.69%
Charges for Services
11.88%
Operating Grants &
Contributions
10.69%
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Packet Pg. 103 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
CITY OF HEALDSBURG
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2023
The chart below is a side-by-side comparison of program expenses and revenue for governmental activities. For the fiscal year 2022-23, program expenses exceeded program revenues for all governmental activity programs except for streets and roads due to an increase in operating grants and contributions.
COMPARISON OF EXPENSES AND PROGRAM REVENUES
GOVERNMENTAL ACTIVITIES
FOR FISCAL YEAR ENDED JUNE 30, 2023
Business-Type Activities. As of June 30, 2023, the total net position of business-type activities was $108.29 million.
Total revenue of $31.86 million is mainly comprised of charges for services of $29.98 million, capital grants and contributions of $1.16 million and use of money and property of $716 thousand.
Revenue exceeded operating expenses of $30.42 million, resulting in a current fiscal General Government
14.44%
Public Safety
42.58%
Community
Development
5.54%
Community Services
21.52%
Streets and Roads
4.63%
Interest on Long‐
Term Debt
0.14%
Unallocated
Depreciation
11.16%
11 6.F.a
Packet Pg. 104 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
CITY OF HEALDSBURG
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2023
year net position increase of $1.28 million.
REVENUES BY SOURCE – BUSINESS-TYPE ACTIVITIES
FOR FISCAL YEAR ENDED JUNE 30, 2023
The chart below is a side-by-side comparison of program expense and revenue for business-type activities. For the fiscal year 2022-23, program revenue exceeded program expenses for Water, Sewer, and Non-major Enterprise Funds.
EXPENSES AND PROGRAM REVENUES
BUSINESS-TYPE ACTIVITIES
FOR FISCAL YEAR ENDED JUNE 30, 2023
Governmental Funds. The City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The focus of the City’s governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. In particular, unreserved fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year.
As of June 30, 2023, the City’s governmental funds Balance Sheet on page 27, reported total ending fund balances of $31.93 million, an increase of $1.89 million from the prior fiscal year.
Approximately 27.40% of the total ending fund balances ($8.75 million) is unassigned and Charges for Service
94.10% Capital Grants &
Contributions
3.66%
Investment Earnings
2.20%
$‐
$4,000,000
$8,000,000
$12,000,000
$16,000,000
Water Sewer Electric Non‐major
Enterprise Funds
Program Revenues Expenses
12 6.F.a
Packet Pg. 105 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
CITY OF HEALDSBURG
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2023
available for spending in the future at the government’s discretion. The remainder of the fund balance is either non-spendable, restricted, or assigned. The most significant of these reserved fund balances are restricted for pension stabilization, housing successor agency, and community services, $5.27 million, $6.91 million, and $4.26 million, respectively.
General Fund revenues were $5.54 million (19.37%) less than in the prior fiscal year, and expenditures remained comparable to the prior year, only decreasing $127 thousand. The decrease in revenues was the result of a decrease in intergovernmental, sales and other taxes and charges for services, $7.34 million, $278 thousand, and $178 thousand, respectively. The decrease in revenue was offset by an increase in property taxes, use of money and property and other, donations, and services totaling $2.24 million.
Proprietary Funds. The City’s proprietary funds Revenues, Expenses, and Changes in Net Position, page 34, provide the same type of information found in the government-wide financial statements, but in more detail. The City’s major enterprise funds are Water, Sewer, and Electric.
The major changes in enterprise net position are an increase in the Water Fund of $1.88 million to $21.91 million, an increase in the Sewer Fund of $801 thousand to $46.57 million and a decrease in the Electric Fund of $1.36 million to $36.17 million.
The Internal Service Funds had an increase in net position of $806 thousand during the fiscal year, ending with a balance of $9.88 million. This increase is attributable to investment income of $330 thousand, a gain on the sale of fixed assets of $60 thousand, contributions and transfers of $883 thousand offset by an operating loss of $467 thousand. The operating revenue is made up of the service fees charged to each operating fund.
CAPITAL ASSET AND LONG-TERM LIABILITIES
Capital Assets. The City’s investment in capital assets for its governmental and business-type activities at June 30, 2023, amounted to $219.47 million (net of accumulated depreciation). This investment in capital assets includes land, buildings and improvements, equipment, vehicles, infrastructure, and construction in progress. Depreciation expenses for the fiscal year 2022-2023 totaled $8.59 million.
13 6.F.a
Packet Pg. 106 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
CITY OF HEALDSBURG
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2023
Additional information on the City’s capital assets can be found in Note 8 of the basic financial statements.
Long-Term Liabilities. The City’s outstanding long-term liabilities, including bonds, loans payable, net pension liability, claims, capital leases, OPEB, and compensated absences totaled $73.34 million at June 30, 2023. Of this total, $36.72 million (50.1%) was in governmental activities and $36.62 million (49.9%) was in business-type activities.
Additional information on the City’s long-term liabilities can be found in Note 10 of the basic financial statements.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS
The financial outlook of the City remains positive as we slowly return to business as usual following the global COVID-19 pandemic and its economic impacts. The Consumer Price Index (CPI) for All Urban Consumers in the San Fransisco Area was at 6.8% in June of 2022 and fell to
2.9% as of June 2023. The Fiscal Year 2023-24 budget reflects the latter more modest inflationary figures on most goods, however in certain markets like new vehicles and specialized Utility 2023 2022 2023 2022
Land and Land Rights $ 20,193,298 $ 20,193,298 $ 1,245,877 $ 1,245,877 Right of Way 6,681,379 6,681,379 - -
Construction in Progress 2,063,109 5,799,988 2,059,348 2,044,538 Land Improvements 5,103,414 4,334,889 - -
Streets 77,070,760 74,780,162 - -
Buildings 40,337,604 33,245,829 3,040,870 3,040,870
Machinery and Equipment 12,468,525 12,117,148 3,317,312 3,114,170 Infrastructure 1,515,614 1,515,614 - -
Utility Systems - - 141,878,471 139,372,716
Drainage - - 12,006,300 11,822,810
Operations - - 4,046,891 4,046,891
Lease Assets 232,135 232,135 - -
Total $ 158,900,442 165,665,838 $ 167,595,069 $ $ 164,687,872 Less Accumulated Depreciation (49,258,169) (44,978,428) (64,526,785) (60,526,837) Net Capital Assets $ 116,407,669 $ 113,922,014 $ 103,068,284 $ 104,161,035 Governmental Activities Business-type Activities
2023 2022 2023 2022
Pension Obligation Bond $ - $ - $ - -$
Net Pension Liability 17,963,535 32,546,984 12,903,870 6,989,288 Certificates of Participation - - 1,220,000 1,365,000
HUSD Capital Lease Payable - 994,907 - -
Equipment Finance Purchase - 479,600
Revenue Bonds - - 20,840,600 22,584,600
Compensated Absences 2,025,725 1,763,873 - -
Successor Agency Payable 1,167,966 1,272,564 1,332,040 1,451,330 Capital Leases 56,381 88,373 - -
Claims Payable 206,903 252,462 - -
OPEB 715,442 681,953 328,068 318,292
Total 36,719,401 $ 23,497,268 $ 36,624,578 $ 32,708,509 Governmental Activities Business-type Activities
14 6.F.a
Packet Pg. 107 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
CITY OF HEALDSBURG
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2023
equipment inflation has continued to exceed 10% resulting in budget adjustments accordingly.
The Federal Reserve’s aggressive response to combatting inflation continues to result in meaningful interest earnings that are expected to continue into the next year. In the General Fund, property tax revenue expectations reflect the growth associated with recent development, while the sales tax and transient occupancy tax expectations reflect a slight decline and a leveling off respectively. The State Department of Water Resources proclaimed the 2022-23 Water Year (OctSept) as a “miracle year” of extremely wet conditions following the intense drought of the previous year. Program revenues in the Water and Sewer funds rebounded in fiscal year 2022-23 with the adoption of new Utility rates, however water conservation has continued beyond expectations and program revenues are struggling to keep up with the program expenses. The Fiscal Year 2023-24 Budget for the Water and Sewer Enterprises continues implementing short term cost saving measures as the City completes an updated financial analysis to inform future rates. While program expenses far exceeded the program revenues in the Electric Utility for Fiscal Year 2022-23, updated rates effective November 2023, are anticipated to begin operational realignment while supporting large capital projects in Fiscal Year 2023-24. The City has several large capital projects included in the upcoming budget funded in part by grants, developer contributions, and community donations. The City remains committed to evaluating our governmental practices, opportunities for greater operational efficiencies, and ensuring the best possible utilization of taxpayer provided resources.
REQUESTS FOR INFORMATION
This financial report is designed to provide a general overview for all those with an interest in the City’s finances. Questions concerning any of the information provided in this report or requests for additional information should be addressed to Katie Edgar, Finance Director, City of Healdsburg, [email protected] or at 401 Grove Street, Healdsburg, CA 95448-4723. 15 6.F.a
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Packet Pg. 109 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) BASIC
FINANCIAL STATEMENTS
17 6.F.a
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Packet Pg. 111 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
GOVERNMENT-WIDE
FINANCIAL STATEMENTS
19 6.F.a
Packet Pg. 112 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Net Position
June 30, 2023
Governmental Business-type
Activities Activities Total
ASSETS
Current assets:
Cash and investments 36,014,422 $ 22,925,154 $ 58,939,576 $ Cash and investments with fiscal agent 277,974 382 278,356 Pension stabilization investments 5,268,156 2,224,171 7,492,327 Investment in NCPA Reserves - 5,765,802 5,765,802
Accounts receivable 3,128,954 4,233,480 7,362,434
Loans and notes receivable 9,497,291 - 9,497,291
Interest receivable 173,216 74,267 247,483
Intergovernmental receivable 2,419,812 472,746 2,892,558 Lease receivable 309,722 - 309,722
Internal balances (2,281,260) 2,281,260 -
Deposits 1,599,586 - 1,599,586
Inventory 19,195 2,496,185 2,515,380
Prepaid items 59,906 - 59,906
Total current assets 56,486,974 40,473,447 96,960,421
Noncurrent assets:
Capital assets:
Nondepreciable 28,937,786 3,305,225 32,243,011
Depreciable 136,728,052 164,289,844 301,017,896
Less accumulated depreciation (49,258,169) (64,526,785) (113,784,954) Total noncurrent assets 116,407,669 103,068,284 219,475,953 Total assets 143,541,731 172,894,643 316,436,374
DEFERRED OUTFLOWS OF RESOURCES
Deferred charges on refunding - 656,876 656,876
Pension related 13,752,602 5,278,010 19,030,612
OPEB related 120,012 55,031 175,043
Total deferred outflows of resources 5,989,917 13,872,614 19,862,531 Primary Government
See accompanying Notes to Basic Financial Statements
20 6.F.a
Packet Pg. 113 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Net Position
June 30, 2023
Governmental Business-type
Activities Activities Total
Primary Government
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities 2,740,867 528,799 3,269,666 Retentions payable 326,657 - 326,657
Interest payable - 225,556 225,556
Unearned revenue 10,164,021 - 10,164,021
Deposits payable 1,808,941 493,076 2,302,017
Compensated absences - due within one year 823,236 - 823,236 Claims and judgements - due within one year 91,082 - 91,082 Other long-term liabilities - due within one year 136,589 2,008,290 2,144,879 Total current liabilities 16,091,393 3,255,721 19,347,114 Noncurrent liabilities:
Compensated absences, due in more than one year 2,025,725 2,025,725 - Claims payable, due in more than one year 206,903 - 206,903 Net pension liability 32,546,984 12,903,870 45,450,854
Other long-term liabilities, due in more than one year 1,224,347 23,392,640 24,616,987 Other post-employment benefits liability 715,442 328,068 1,043,510 Total noncurrent liabilities 36,719,401 36,624,578 73,343,979 Total liabilities 52,810,794 39,880,299 92,691,093
DEFERRED INFLOWS OF RESOURCES
Lease 301,930 - 301,930
Pension related 2,572,948 1,224,087 3,797,035
OPEB related 295,645 135,568 431,213
Total deferred inflows of resources 3,170,523 1,359,655 4,530,178
NET POSITION
Net investment in capital assets 115,992,639 79,775,942 195,768,581 Restricted for:
Lighting and landscaping 345,972 - 345,972
Pension 5,268,156 2,224,171 7,492,327
Capital projects 1,524,910 15,221,782 16,746,692
Community services 4,902,394 4,902,394 -
Nonexpendable permanent endowments 277,974 - 277,974
Debt service 165,391 - 165,391
Streets and roads 1,341,291 1,341,291 -
Public safety 7,036,311 7,036,311 -
Housing 2,263,704 2,263,704 - - Total restricted 23,126,103 17,445,953 40,572,056 Unrestricted (8,332,802) 11,069,799 2,736,997
Total net position $ 130,785,940 $ 108,291,694 $ 239,077,634 21 6.F.a
Packet Pg. 114 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Activities
For the year ended June 30, 2023
Operating Capital
Charges for Grants and Grants and
Functions/Programs Expenses Services Contributions Contributions Total Governmental activities:
General government 3,744,233 $ 2,141,619 $ 5,886 $ 343,868 $ 2,491,373 $ Public safety 11,039,857 710,580 570,000 - 1,280,580
Streets and roads 1,199,594 203,257 2,994,596 252,322 3,450,175 Community development 1,433,300 118,676 374,901 220,000 713,577 Community services 5,577,915 1,247,776 36,297 232,694 1,516,767 Interest and fiscal charges 36,703 - - - -
Unallocated depreciation 2,893,849 - - - -
Total governmental activities 25,925,451 4,421,908 3,981,680 1,048,884 9,452,472 Business-type Activities:
Water 4,826,995 6,126,631 444,950 - 6,571,581
Sewer 8,959,877 8,974,937 585,848 - 9,560,785
Electric 16,216,357 14,371,097 132,625 - 14,503,722
Airport 421,495 508,901 - 508,901 -
Total business-type activities 30,424,724 29,981,566 1,163,423 - 31,144,989 Total primary government $ 56,350,175 $ 34,403,474 $ 3,981,680 $ 2,212,307 $ 40,597,461 General Revenues:
Taxes:
Transient occupancy taxes
Sales taxes
Property taxes
Franchise taxes
Business license taxes
Motor vehicle in lieu, unrestricted
Use of money and property
Miscellaneous
Special item
Transfers
Total general revenues and transfers
Change in net position
Net position - beginning of year
Net position - end of year
Program Revenues
See accompanying Notes to Basic Financial Statements.
22 6.F.a
Packet Pg. 115 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) Governmental Business-T
ype
Activities Activities Total
$ (1,252,860) $ (1,252,860) - $
(9,759,277) (9,759,277) -
2,250,581 2,250,581 -
(719,723) (719,723) -
(4,061,148) (4,061,148) -
(36,703) (36,703) -
(2,893,849) (2,893,849) -
(16,472,979) (16,472,979) -
1,744,586 - 1,744,586
600,908 - 600,908
(1,712,635) - (1,712,635)
87,406 - 87,406
720,265 - 720,265
(16,472,979) 720,265 (15,752,714)
9,804,566 9,804,566 -
9,277,749 9,277,749 -
3,094,769 3,094,769 -
789,088 789,088 -
302,636 302,636 -
1,868,973 1,868,973 -
900,543 716,338 1,616,881
1,746,298 1,746,298 -
- - -
159,920 (159,920) -
27,944,542 556,418 28,500,960
11,471,563 1,276,683 12,748,246
119,314,377 107,015,011 226,329,388
$ 130,785,940 $ 108,291,694 $ 239,077,634
and Changes in Net Position
Net (Expense) Revenue
23 6.F.a
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Packet Pg. 117 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) FUND
FINANCIAL STATEMENTS
Governmental Fund Financial Statements
Proprietary Fund Financial Statements
Fiduciary Fund Financial Statements
25 6.F.a
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Packet Pg. 119 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Balance Sheet
Governmental Funds
June 30, 2023
Special
Revenue
Fund
Capital
Projects
Fund Nonmajor Total
Community Governmental Governmental
Services Streets Funds Funds
ASSETS
Cash and investments $ 12,314,294 $ 9,822,115 $ 1,472,174 $ 3,418,942 $ 27,027,525 Cash and investments with fiscal agents - - - 277,974 277,974 Pension stabilization investments 4,636,083 454,953 177,120 - 5,268,156 Accounts receivable 1,662,604 1,177,029 119,553 91,683 3,050,869 Loans and notes receivable 928,378 - 22,880 8,542,046 9,493,304 Interest receivable 113,236 32,066 4,569 9,546 159,417
Intergovernmental receivable 2,024,979 280,522 44,626 69,685 2,419,812 Lease receivable 309,722 - - - 309,722
Due from other funds 907,116 - - - 907,116
Deposits 1,599,586 - - - 1,599,586
Inventory - - 10,012 - 10,012
Prepaid items 5,843 - - - 5,843
Total assets $ 24,501,841 $ 11,766,685 $ 1,850,934 $ 12,409,876 $ 50,529,336
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable and accrued liabilities $ 557,027 $ 341,887 $ 98,185 $ 29,520 $ 1,026,619 Advances to other funds 2,266,260 - - - 2,266,260
Due to other funds - - 904,893 17,223 922,116
Deposits payable 1,773,818 18,134 12,678 4,311 1,808,941 Retention payable - 6,304 320,353 - 326,657
Unearned revenue 3,310,851 6,683,012 116,858 53,300 10,164,021 Total liabilities 7,907,956 7,049,337 1,452,967 104,354 16,514,614 Deferred Inflows of Resources
Lease 301,930 - - - 301,930
Unavailable revenue - interest - - - 1,779,546 1,779,546 Total deferred inflows of resources 301,930 - - 1,779,546 2,081,476 Fund Balances:
Nonspendable 5,843 - 10,012 277,974 293,829
Restricted 7,196,587 4,717,348 387,955 10,261,340 22,563,230 Assigned 325,919 - - - 325,919
Unassigned 8,763,606 - - (13,338) 8,750,268
Total fund balances 16,291,955 4,717,348 397,967 10,525,976 31,933,246 Total liabilities, deferred inflows of
resources and fund balances $ 24,501,841 $ 11,766,685 $ 1,850,934 $ 12,409,876 $ 50,529,336 General
See accompanying Notes to Basic Financial Statements.
27 6.F.a
Packet Pg. 120 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Reconciliation of the Governmental Funds Balance Sheet
to the Government-Wide Statement of Net Position
June 30, 2023
Total Fund Balances - Total Governmental Funds $ 31,933,246 Capital assets used in governmental activities were not current financial resources. Therefore, they were not reported in the Governmental Funds Balance Sheet. Except for the internal service funds reported below, the capital assets were adjusted as follows:
GovernmentWide
Statement of
Net Position
Internal
Service Funds Total
Nondepreciable $ - 28,937,786 $ 28,937,786 $
Depreciable, net 87,469,883 (5,679,920) 81,789,963
Total capital assets $ 116,407,669 $ (5,679,920) 110,727,749 Internal service funds were used by management to charge the costs of certain activities, such as insurance, to individual funds. The assets and liabilities of the Internal service funds were included in governmental activities in the Government-Wide Statement of Net Position. 9,876,367
Unavailable revenues recorded in the fund financial statements resulting from activities in which revenues were earned but were not available are reclassified as revenues in the Government-Wide Financial Statements. 1,779,546
In the Government-Wide Financial Statements, deferred employer contributions for pension and OPEB, certain differences between actuarial estimates and actual results, and other adjustments resulting from changes in assumptions and benefits are deferred in the current year.
GovernmentWide
Statement of
Net Position
Internal
Service Funds
Deferred outflows of resources related to pension 13,752,602 $ - $ 13,752,602 Deferred outflows of resources related to OPEB 120,012 - 120,012 Deferred inflows of resources related to pension (2,572,948) - (2,572,948) Deferred inflows of resources related to OPEB (295,645) - (295,645) Long-term liabilities were not due and payable in the current period.
Therefore, they were not reported in the Governmental Funds Balance Sheet.
GovernmentWide
Statement of
Net Position
Internal
Service Funds Total
Compensated absences - due within one year (823,236) $ 823,236 $ - $ Compensated absences - due in more than one year (2,025,725) 2,025,725 - Long-term debt - due within one year (136,589) (136,589) Long-term debt - due in more than one year (1,224,347) 88,373 (1,135,974) Net pension liability (32,546,984) - (32,546,984)
Net OPEB liability (715,442) - (715,442)
Total long-term liabilities $ 2,937,334 (37,472,323) $ (34,534,989) Net Position of Governmental Activities $ 130,785,940
Amounts reported for governmental activities in the statement of net position are different because:
See accompanying Notes to Basic Financial Statements
28 6.F.a
Packet Pg. 121 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds
For the year ended June 30, 2023
Special
Revenue
Fund
Capital
Projects
Fund Nonmajor Total
Community Governmental Governmental
Services Streets Funds Funds
REVENUES:
Property taxes 4,963,741 $ - $ $ 248,583 - $ $ 5,212,324 Sales and other taxes 12,559,758 7,170,135 141,510 - 19,871,403 Development fees 461,913 - 202,415 118,677 783,005
Intergovernmental 1,352,570 232,694 449,281 544,949 2,579,494 Fines and forfeitures 33,477 - - - 33,477
Licenses and permits 1,674,828 - - - 1,674,828
Use of money and property 411,265 28,393 34,917 118,123 592,698 Charges for services 984,616 1,239,308 (691) - 2,223,233 Other, donations, and reimbursements 622,216 997,134 262,786 100,276 1,982,412 Total revenues 23,064,384 9,667,664 1,090,218 1,130,608 34,952,874 EXPENDITURES:
Current:
General government 7,149,723 - - - 7,149,723
Public safety 12,471,629 - - 2,411 12,474,040
Streets and roads - - 2,265,947 2,700 2,268,647
Community development 1,254,356 - - 252,874 1,507,230
Community services - 7,434,282 - - 7,434,282
Debt service:
Principal retirement - - - 1,809,664 1,809,664
Interest and fiscal charges - - - 36,053 36,053
Total expenditures 20,875,708 7,434,282 2,265,947 2,103,702 32,679,639
REVENUES OVER (UNDER)
EXPENDITURES 2,188,676 2,233,382 (1,175,729) (973,094) 2,273,235 OTHER FINANCING SOURCES (USES):
Transfers in 199,112 - 1,107,146 1,857,220 3,163,478
Transfers out (1,606,710) (1,484,769) (17,857) (433,176) (3,542,512) Total other financing sources (uses) (1,407,598) (1,484,769) 1,089,289 1,424,044 (379,034) Net change in fund balances 781,078 748,613 (86,440) 450,950 1,894,201 FUND BALANCES:
Beginning of year 15,510,877 3,968,735 484,407 10,075,026 30,039,045 Beginning of year, as restated 15,510,877 3,968,735 484,407 10,075,026 30,039,045 End of year $ 16,291,955 $ 4,717,348 $ 397,967 $ 10,525,976 $ 31,933,246 General
See accompanying Notes to Basic Financial Statements.
29 6.F.a
Packet Pg. 122 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Government-Wide Statement of Activities For the year ended June 30, 2023
Net Change in Fund Balances - Total Governmental Funds $ 1,894,201 Governmental funds reported capital outlay as expenditures. However, in the Government-Wide Statement of Activities, the cost of those assets was allocated over their estimated lives as depreciation expense. This was the amount of capital assets recorded in the current period, net of the amount related to internal service funds. 3,933,634 Donated capital assets was reported in the Government-Wide Statement of Activities as revenues, whereas, donated capital assets was not reported as revenues in the governmental funds 2,421,503
Depreciation expense on capital assets was reported in the Government-Wide Statement of Activities, but did not require the use of current financial resources.
Therefore, depreciation expense was not reported as expenditures in the governmental funds, net of the amount related to internal service funds. (2,893,849) Debt proceeds provide current financial resources to governmental funds, but issuing debt increased long-term liabilities in the Government-Wide Statement of Net Position.
Repayment of debt was an expenditure in governmental funds, but the repayment reduced long-term liabilities in the Government-Wide Statement of Net Position.
Long-term debt repayments 1,809,664
Current year employer pension contributions are recorded as expenditures in the governmental funds, however, these amounts are reported as a deferred outflow of resources in the Government-Wide Statement of Net Position. 3,610,709 Pension income/(expense) is reported in the Government-Wide Statement of Activities does not require the use of current financial resources, and therefore is not reported as expenditures in governmental funds. 786,445
OPEB expense is reported in the Government-Wide Statement of Activities does not require the use of current financial resources, and therefore is not reported as expenditures in governmental funds. (25,250)
Unavailable revenues recorded in the fund financial statements resulting from activities in which revenues were earned but were not available are reclassified as revenues in the Government-Wide Financial Statements. (871,024)
Internal service funds were used by management to charge the costs of certain activities, such as insurance and fleet management, to individual funds. The net revenue of the internal service funds was reported with governmental activities. 805,530 Change in Net Position of Governmental Activities $ 11,471,563 Amounts reported for governmental activities in the Government-Wide Statement of Activities were different because:
See accompanying Notes to Basic Financial Statements
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Packet Pg. 124 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Net Position
Proprietary Funds
June 30, 2023
Governmental
Activities -
Non-major Internal Service
Airport Fund Totals Funds
ASSETS
Current Assets:
Cash and investments $ 7,751,482 3,646,280 $ 11,195,913 $ 331,479 $ 22,925,154 $ 8,986,897 $ Cash and investments
with fiscal agents 67 315 - - 382 -
Pension stabilization investments 531,338 778,971 913,862 2,224,171 - - Investment in NCPA reserves - 5,765,802 - 5,765,802 - - Accounts receivable 1,058,583 1,183,651 1,975,400 15,846 4,233,480 78,085 Loans and notes receivable - - - - - 3,987
Interest receivable 11,938 24,876 36,397 1,056 74,267 13,799 Intergovernmental receivable 347,486 34,831 - 90,429 472,746 - Due from other funds 1,086,445 - 15,000 53,683 1,155,128 - Inventory 98,165 20,466 2,361,662 15,892 2,496,185 9,183 Prepaid items - - - - - 54,063
Total current assets 5,693,857 10,881,037 22,264,036 508,385 39,347,315 9,146,014 Noncurrent:
Advances to other funds 1,133,130 - 1,133,130 2,266,260 - - Capital assets:
Land 310,781 766,902 48,360 119,834 1,245,877 -
Construction in progress 696,609 458,257 753,747 150,735 2,059,348 - Depreciable buildings and
improvements 1,443,869 258,359 447,834 890,804 3,040,866 - Depreciable utility systems 36,445,109 86,027,381 31,412,283 153,884,773 - - Depreciable operations - - 4,256,401 - 4,256,401 -
Depreciable equipment 655,480 1,450,725 1,001,599 3,107,804 - 14,910,901 Accumulated depreciation (15,519,930) (31,930,008) (15,020,099) (2,056,748) (64,526,785) (9,230,981) Net capital assets 24,031,918 57,031,616 18,643,724 3,361,026 103,068,284 5,679,920 Total noncurrent assets 24,031,918 58,164,746 19,776,854 3,361,026 105,334,544 5,679,920 Total assets 29,725,775 69,045,783 42,040,890 3,869,411 144,681,859 14,825,934
DEFERRED OUTFLOWS OF RESOURCES
Deferred loss on debt refunding 656,876 - - 656,876 - - Pension related 1,559,412 1,559,412 2,159,186 5,278,010 - - OPEB related 16,056 20,841 18,134 - 55,031 -
Total deferred outflows
of resources 1,575,468 2,237,129 2,177,320 5,989,917 - - Business-Type Activities
Water Fund Sewer Fund Electric Fund
See accompanying Notes to Basic Financial Statements.
32 6.F.a
Packet Pg. 125 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Net Position
Proprietary Funds
June 30, 2023
Governmental
Activities -
Non-major Internal Service
Airport Fund Totals Funds
Business-Type Activities
Water Fund Sewer Fund Electric Fund
LIABILITIES
Current liabilities:
Accounts payable and
accrued liabilities 111,352 134,157 264,316 18,974 528,799 1,714,248 Due to other funds 1,086,445 - - 53,683 1,140,128 -
Deposits payable 21,130 950 452,278 18,718 493,076 -
Interest payable 53,387 168,541 3,628 225,556 - -
Bonds payable - current 749,000 1,140,000 - 1,889,000 - - Loans payable - current - - 119,290 119,290 - -
Lease liabilities - current - - - - - 31,992
Compensated absences - current - - - - - 823,236
Claims payable - current - - - - - 91,082
Total current liabilities 934,869 2,530,093 839,512 91,375 4,395,849 2,660,558 Noncurrent liabilities:
Bonds payable 4,184,000 17,876,600 - 22,060,600 - -
Loan payable - 1,332,040 - 1,332,040 - -
Lease liabilities - - - - - 56,381
Compensated absences - - - - - 2,025,725
Claims payable - - - - - 206,903
Net pension liability 3,812,507 3,812,507 5,278,856 12,903,870 - - Net OPEB liability 95,718 124,245 108,105 328,068 - -
Total noncurrent liabilities 8,092,225 21,813,352 6,719,001 36,624,578 - 2,289,009 Total liabilities 9,027,094 24,343,445 7,558,513 91,375 41,020,427 4,949,567
DEFERRED INFLOWS OF RESOURCES
Pension related 361,662 361,662 500,763 1,224,087 - -
OPEB related 39,554 51,342 44,672 135,568 - -
Total deferred inflows
of resources 401,216 413,004 545,435 1,359,655 - -
NET POSITION
Net investment in capital assets 19,098,985 38,672,207 19,776,854 3,361,026 80,909,072 5,591,547 Restricted 3,051,692 8,215,235 6,179,026 - 17,445,953 - Unrestricted (277,744) (360,979) 10,158,382 417,010 9,936,669 4,284,820 Total net position $ 21,872,933 $ 46,526,463 $ 36,114,262 $ 3,778,036 $ 108,291,694 $ 9,876,367 33 6.F.a
Packet Pg. 126 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds
For the year ended June 30, 2023
Governmental
Activities -
Internal
Service
Totals Funds
OPERATING REVENUES:
Charges for services $ 7,825,788 5,580,333 $ 12,938,524 $ 196,978 $ 26,541,623 $ 7,161,093 $ Development fees 805,078 125,504 17,093 - 947,675 -
Rental income - - - 189,924 189,924 -
Intergovernmental 393,727 157,689 - 114,615 666,031 -
Other 27,067 186,382 1,415,480 7,384 1,636,313 45,520
Total operating revenues 6,126,631 8,974,937 14,371,097 508,901 29,981,566 7,206,613 OPERATING EXPENSES:
Purchase of power - - 9,204,568 - 9,204,568 -
Salaries and benefits 1,760,104 2,520,839 2,155,731 13,208 6,449,882 2,880,088 Maintenance and operations 1,147,220 2,234,805 2,510,028 239,412 6,131,465 2,684,892 Administration 834,162 1,157,020 1,676,410 43,139 3,710,731 415,009 Amortization - - - - - 72,107
Depreciation 859,186 2,335,781 679,245 125,736 3,999,948 1,621,032 Total operating expenses 4,600,672 8,248,445 16,225,982 421,495 29,496,594 7,673,128 Operating income (loss) 1,525,959 726,492 (1,854,885) 87,406 484,972 (466,515) NONOPERATING REVENUES (EXPENSES):
Investment income (loss) 104,691 167,092 439,083 5,472 716,338 329,992 Interest expense (226,323) (711,432) 9,625 - (928,130) (650) Gain (loss) on sale of fixed assets - - - - - 59,881
Total nonoperating revenues (expenses) (121,632) (544,340) 448,708 5,472 (211,792) 389,223 Income before contributions
and transfers 1,404,327 182,152 (1,406,177) 92,878 273,180 (77,292) CONTRIBUTIONS AND TRANSFERS:
Transfers in - - - - - 587,705
Transfers out (7,204) (7,203) (144,663) (850) (159,920) (48,751) Capital contributions 444,950 585,848 132,625 - 1,163,423 343,868 Total contributions and transfers 437,746 578,645 (12,038) (850) 1,003,503 882,822 Change in net position 1,842,073 760,797 (1,418,215) 92,028 1,276,683 805,530 NET POSITION:
Beginning of year 20,030,860 45,765,666 37,532,477 3,686,008 107,015,011 9,070,837 End of year $ 21,872,933 $ 46,526,463 $ 36,114,262 $ 3,778,036 $ 108,291,694 $ 9,876,367 Business-Type Activities
Water Fund Sewer Fund Electric Fund
Non-major
Airport Fund
See accompanying Notes to Basic Financial Statements.
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Packet Pg. 128 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Cash Flows
Proprietary Funds
For the year ended June 30, 2023
Governmental
Activities -
Internal
Service
Totals Funds
CASH FLOWS FROM OPERATING ACTIVITIES:
Receipts from customers $ 8,704,978 5,254,104 $ 13,553,122 $ 152,393 $ 27,664,597 $ 7,156,286 $ Receipts from other operating activities 420,794 344,071 1,415,480 311,923 2,492,268 45,520 Payments to suppliers (2,000,956) (3,621,179) (13,678,514) (265,233) (19,565,882) (2,227,814) Payments to employees (2,472,052) (3,223,109) (3,134,181) (13,208) (8,842,550) (2,466,299) Net cash provided (used)
by operating activities 1,201,890 2,204,761 (1,844,093) 185,875 1,748,433 2,507,693 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Interfund borrowing - 1,246,443 1,246,443 - 2,492,886 (21,784) Transfers in - - - - 2,435,454 -
Transfers out (7,204) (7,203) (144,663) (850) (159,920) (1,896,500) Net cash provided (used) by
non-capital financing activities (7,204) 1,239,240 1,101,780 (850) 2,332,966 517,170 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:
Interest paid (234,059) (722,382) 9,327 - (947,114) (650) Principal payment on debt (813,341) (1,221,983) (245,286) (2,280,610) - (1,156,777) Cash received from sale of capital assets - - - - 59,881 - Acquisition and construction of capital assets (630,117) (1,608,525) (1,615,956) (100,696) (3,955,294) (373,638) Net cash provided (used) by
capital and related financing activities (1,677,517) (3,552,890) (1,851,915) (100,696) (7,183,018) (1,471,184) CASH FLOWS FROM INVESTING ACTIVITIES:
Investment income (loss) 101,119 158,109 577,391 4,914 841,533 325,765 Net cash provided (used) by
investing activities 101,119 158,109 577,391 4,914 841,533 325,765 Increase (Decrease) in cash and
cash equivalents (381,712) 49,220 (2,016,837) 89,243 (2,260,086) 1,879,444
CASH AND INVESTMENTS -
Beginning of Fiscal Year 4,559,397 8,481,548 14,126,612 242,236 27,409,793 7,107,453
CASH AND INVESTMENTS -
End of Fiscal Year $ 4,177,685 $ 8,530,768 $ 12,109,775 $ 331,479 $ 25,149,707 $ 8,986,897
RECONCILIATION OF CASH & CASH EQUIVALENTS
Cash and investments $ 3,646,280 $ 7,751,482 $ 11,195,913 $ 331,479 $ 22,925,154 $ 8,986,897 Cash and investments with fiscal agents 67 315 - - 382 - Pension stabilization investments 531,338 778,971 913,862 2,224,171 - - $ 4,177,685 $ 8,530,768 $ 12,109,775 $ 331,479 $ 25,149,707 $ 8,986,897 Business-Type Activities
Water Fund Sewer Fund Electric Fund Airport Fund
See accompanying Notes to Basic Financial Statements.
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Packet Pg. 129 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Cash Flows
Proprietary Funds
For the year ended June 30, 2023
Governmental
Activities -
Internal
Service
Totals Funds
Business-Type Activities
Water Fund Sewer Fund Electric Fund Airport Fund
RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
CASH PROVIDED (USED)BY OPERATING ACTIVITIES:
Operating income (loss) 1,525,959 726,492 (1,854,885) 87,406 484,972 (466,515) Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating) operating activities:
Depreciation and amortization 859,186 2,335,781 679,245 125,736 3,999,948 1,693,139 Changes in assets and liabilities: -
(Increase) decrease in receivable (458,131) 74,262 297,518 (44,936) (131,287) 25,193 (Increase) decrease in inventories (20,601) 454 (259,299) 35,726 (243,720) 7,313 Increase (decrease) in prepaid items - - - - (54,063) - Increase (decrease) in deferred outflows of
resources - OPEB related 604,680 599,895 841,346 2,045,921 - - Increase (decrease) in deferred outflows of
resources - pension related (1,539,935) (1,535,838) (2,138,199) (5,213,972) - - Increase (decrease) in accounts payable and
accrued liabilities 1,027 (158,147) (28,209) (18,408) (203,737) 918,837 Increase (decrease) in in deposits payable 6,398 (150) 299,987 351 306,586 (30,000) Increase (decrease) in retention payable - (71,661) - (71,661) - - Increase (decrease) in claims payable - - - - (671,299) - Increase (decrease) in OPEB (1,091) 7,073 3,794 - 9,776 - Increase (decrease) in net pension liabilitity 1,747,490 1,747,490 2,419,602 5,914,582 - - Increase (decrease) in compensated absences - - - - 1,085,088 - Increase (decrease) in deferred inflows of
resources - OPEB related (6,026) (3,824) (4,440) (14,290) - - Increase (decrease) in deferred inflows of
resources - pension related (1,517,066) (1,517,066) (2,100,553) (5,134,685) - - Net cash provided by operating activities $ 1,201,890 $ 2,204,761 $ (1,844,093) $ 185,875 $ 1,748,433 $ 2,507,693
NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES
Capital contribution $ 444,950 $ 585,848 $ 132,625 $ 1,163,423 - $ $ 343,868 Amortization related to deferred loss on debt refu $ 54,740 - $ - $ $ 54,740 - $ $ - 37 6.F.a
Packet Pg. 130 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2023
Private Purpose
Trust Fund Custodial Funds
ASSETS
Cash and investments $ 122,078 3,426,142 $
Cash and investments with fiscal agents 2,557,012 -
Loans and notes receivable 2,831,568 -
Interest receivable 14,459 376
Nondepreciable capital assets 528,300 -
Total assets 122,454 9,357,481
LIABILITIES
Interest payable 577,321 -
Long-term liabilities: -
Long-term debt - due within one year 2,396,300 -
Long-term debt - due in more than one year 32,199,150 - Total liabilities 35,172,771 -
NET POSITION
Net position held for private purposes (25,815,290) -
Net position held for Individuals, organizations, and other governments - 122,454 Total Net Position $ (25,815,290) $ 122,454
See accompanying Notes to Basic Financial Statements.
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Packet Pg. 131 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the year ended June 30, 2023
Private Purpose
Trust Fund Custodial Funds
ADDITIONS:
Property taxes $ - 3,502,551 $
Use of money and property 190,086 2,387
Transfers in 3,629,628 -
Total additions 2,387 7,322,265
DEDUCTIONS:
Community development 258,750 436
Interest expense 1,236,439 -
Transfers out 3,629,628 -
Total deductions 5,124,817 436
Change in net position 2,197,448 1,951
NET POSITION:
Beginning of year (28,012,738) 120,503
End of year $ (25,815,290) $ 122,454
See accompanying Notes to Basic Financial Statements.
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Packet Pg. 133 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
NOTES TO BASIC
FINANCIAL STATEMENTS
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Packet Pg. 135 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the City of Healdsburg (City) have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standardsetting body for establishing governmental accounting and financial reporting principles. The more significant of the government’s accounting policies are described below.
A. Reporting Entity
The basic financial statements of the City of Healdsburg (City) include the financial activities of the City and its component unit: the Healdsburg Public Financing Authority (HPFA).
The criteria used in determining the scope of the reporting entity are based on the provisions of Governmental Accounting Standards Board Statement (GASB) No.14 as amended by GASB No. 39, No. 61 and No. 80. The City of Healdsburg is the primary government unit. Component units are those entities which are financially accountable to the primary government, either because the City appoints a voting majority of the component units’ Board or because the component unit will provide a financial benefit or impose a financial burden on the City.
The component unit has been accounted for as a “blended” component unit of the City. Despite being legally separate, the HPFA is so intertwined with the City that it is, in substance, part of the City’s operations. Accordingly, the balances and transactions of this component unit are reported within the funds of the City. HPFA transactions are recorded in the Sewer Enterprise Fund. The following criteria were used in determining that the component unit was blended:
The members of the City Council or other members appointed by the City Council act as governing body of the HPFA. In addition, the HPFA provide services, which benefit the City. No separate financial statements are issued for HPFA.
The City participates in one joint power activity and one pooled arrangement through formally organized and separate entities. The financial activities of the Northern California Power Agency and the Redwood Empire Municipal Insurance Fund are not included in the accompanying basic financial statements as they are administered by boards separate from and independent of the City.
The government-wide financial statements (i.e. the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the primary government and its component units. Certain eliminations have been made as prescribed by GASB Statement No. 34 regarding interfund activities, payables, and receivables. All internal balances in the Statement of Net Position have been eliminated except those representing balances between the governmental activities and the business-type activities, which are presented as internal balances. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment.
Program revenues include charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and grant and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues.
City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
43 6.F.a
Packet Pg. 136 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued B. Government-wide and Fund Financial Statement
Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support.
Separate financial statements are provided for governmental funds, the proprietary fund, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds are reported as separate columns in the fund financial statements.
C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information about the reporting government as a whole except for its fiduciary activities.
Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. Likewise, the primary government (including its blended component units) is reported separately from discretely presented component units for which the primary government is financially accountable. The City has no discretely presented component units. For the most part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues.
The fund financial statements provide information about the City’s funds, including fiduciary funds and blended component units. Separate statements for each fund category – governmental, proprietary, and fiduciary – are presented. The emphasis of fund financial statements is on major individual funds, each of which is displayed in a separate column. All remaining governmental funds are aggregated and reported as nonmajor funds.
Proprietary fund financial statements include a Statement of Net Position, a Statement of Revenues, Expenses, and Changes in Net Position, and a Statement of Cash Flows for all proprietary funds.
Internal service funds are also presented in these statements. Internal service balances and activities have been allocated between governmental activities and business-type activities in the government-wide financial statements. These internal service funds account for charges to other funds and departments for insurance, maintenance, and information services.
44 6.F.a
Packet Pg. 137 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation, Continued The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund financial statements and fiduciary fund statements. Under the economic resources measurement focus, all assets and liabilities (whether current or noncurrent) associated with their activity are included on their balance sheets. Operating statements present increases (revenues) and decreases (expenses) in total net position. Under the accrual basis of accounting, revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. Nonexchange transactions, in which the City gives (or receives) value without directly receiving (or giving) equal value in exchange include property taxes, grants, entitlements, and donations.
On the accrual basis, revenue from property taxes is recognized in the fiscal year in which the taxes are levied. Revenue from grants, entitlements, and donations are recognized in the fiscal year in which all the eligibility requirements have been satisfied.
Proprietary funds distinguish operating revenues from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary funds principal ongoing operations. The principal operating revenues of the enterprise funds are charges to customers for sales and services. Operating expenses for proprietary funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.
When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first, then unrestricted resources, as they are needed.
Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under the current financial resources measurement focus, only current assets and current liabilities are generally included on their balance sheets. The reported fund balance (net current assets) is considered to be a measure of “available spendable resources”. Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of “available spendable resources” during a period.
Noncurrent portions of long-term receivables due to governmental funds are reported on their balance sheets despite their spending measurement focus.
However, special reporting treatments are used to indicate that they should not be considered available spendable resources” since they do not represent net current assets. Recognition of governmental fund type revenue represented by noncurrent receivables is deferred until they become current receivables. 45 6.F.a
Packet Pg. 138 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued
C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation, Continued Under the modified accrual basis of accounting, revenues are available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, except for principal and interest on long-term liabilities, claims payable, and compensated absences which are recognized as expenditures to the extent they have matured. Capital asset acquisitions are reported as expenditures in governmental funds and proceeds of long-term liabilities are reported as other financing sources.
Property taxes, sales taxes, franchise taxes, licenses, and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only the portion of special assessments receivable due within the current fiscal period is susceptible to accrual as revenue of the current period. All other revenue items are measurable and available only when cash is received by the government.
Fiduciary funds focus on net position and changes in net position. Trust funds use the flow of economic resources measurement focus and the accrual basis of accounting, except for the recognition of certain liabilities of defined benefit pension plans. Custodial funds also use the accrual basis of accounting, but, since they are custodial in nature and do not involve the measurement of results of operations, they do not have a measurement focus.
Fund Classifications - The funds designated as major funds are determined by a mathematical calculation consistent with GASB Statement No. 34.
Major Governmental Funds
The General Fund is the primary operating fund of the City. It is used to account for all revenues and expenditures that are not required to be accounted for in another fund.
The Community Services Special Revenue Fund accounts for Transient Occupancy Tax funds received that are restricted for community services.
The Street Capital Project Fund accounts for the acquisition and construction of major streets and roads capital projects throughout the City.
Major Enterprise Funds
The Water Fund accounts for the activities of providing water utilities to the residents of the City.
The Sewer Fund accounts for the activities of providing sewer utilities to the residents of the City.
The Electric Fund accounts for the activities of the electric distribution operations. 46 6.F.a
Packet Pg. 139 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued
C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation, Continued The City’s fund structure includes the following fund types:
Governmental Fund Types
Special Revenue Funds are used to account for, and report proceeds of specific revenue sources that are restricted or committed to expenditure for specified purposes other than debt service or capital projects.
These funds are required by statute or ordinance to finance particular functions or activities of government.
Debt Service Funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditures for principal, interest, and related costs on long-term obligations.
Capital Projects Funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditures for capital outlays, including the acquisition or construction of capital facilities and other capital assets (other than those financed by proprietary funds and trust funds).
Permanent Funds are used to account for and report financial resources that are legally restricted to the extent that only earnings, and not principal, may be used for purposes that support City programs.
Proprietary Fund Types
Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises where the intent of the governing body is that the costs (expenses including depreciation) of providing goods or services to the general public on a continuing basis are financed or recovered primarily through user charges.
Internal Service Funds are used to account for the financing of special activities that provide services within the City. These activities include insurance and benefits, vehicle maintenance, information services, and building maintenance.
Fiduciary Fund Types
Private Purpose Trust Funds are used to report trust arrangements under which principal and income benefits to support private organizations or other governments.
Custodial Funds are used to account for assets held by the City as an agent for individuals, private organizations, or other governments.
47 6.F.a
Packet Pg. 140 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued D. Assets, Deferred Outflows, Liabilities, Deferred Inflows, Net Position, or Equity Cash and Investments
The City pools idle cash from all funds for the purpose of increasing income through investment.
Earnings from such investments are allocated to the respective funds based on applicable cash balances of each fund.
In compliance with the applicable State statute, the Statement of Investment Policy is adopted annually by the City Council. Investments authorized under the Investment Policy include:
Local Agency Investment Fund (LAIF) – State of California Investment Pool Sonoma County Pooled Fund
U.S. Treasury Obligations
U.S. Government Agency Issues
Certificates of Deposit
Money Market Funds
Medium-term Notes
Commercial Paper
Repurchase Agreements
The City adopted the provisions of Governmental Accounting Standards Board (GASB) Statement No. 31, “Accounting and Financial Reporting for Certain Investments and External Pools”, which require governmental entities to report certain investments at fair value in the balance sheet and recognize the corresponding change in the fair value of investments in the year in which the change occurred.
The City’s investments are carried at fair value which approximates cost. The fair value of equity and debt securities is determined based on sales prices or bid-and-asked quotations from SEC-registered securities exchanges or NASDAQ dealers. LAIF determines the fair value of its portfolio quarterly and reports a factor to the City; the City applies that factor to convert its share of LAIF from amortized cost to fair value.
Changes in fair value are allocated to each participating fund.
For purposes of the statement of cash flows for the proprietary fund, all highly liquid investments (including restricted assets) with a maturity of three months or less when purchased are considered cash equivalents.
Interfund Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year is referred to as interfund receivables/interfund payables (i.e., the current portion of interfund loans) or advances to/from other funds (the noncurrent portion of interfund loans). All other outstanding balances between funds are reported as interfund receivables or interfund payables. 48 6.F.a
Packet Pg. 141 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued D. Assets, Deferred Outflows, Liabilities, Deferred Inflows, Net Position, or Equity, Continued Encumbrances
Encumbrance accounting is employed as an extension of the budgetary process. This method records purchase orders, contracts, and other commitments for the expenditure of funds to reserve that portion of the applicable appropriation. The City Council honors encumbrances outstanding at fiscal year-end.
Receivables and Payables
Advances between funds, as reported in the fund financial statements, are offset by a fund balance reserve account in the applicable governmental funds to indicate that they are not available for appropriation and are not expendable available financial resources.
All trade and tax receivables are shown net of an allowance for uncollectible accounts if applicable, and estimated refunds due.
Lease Receivable
The City’s lease receivable is measured at the present value of lease payments expected to be received during the lease term. Under the lease agreement, the City may receive variable lease payments that are dependent upon the lessee’s revenue. The variable payments are recorded as an inflow of resources in the period the payment is received.
A deferred inflow of resources is recorded for the lease. The deferred inflow of resources is recorded at the initiation of the lease in an amount equal to the initial recording of the lease receivable. The deferred inflow of resources is amortized on a straight-line basis over the term of the lease.
Inventory
Inventory is valued at cost using the weighted average method. Inventory of the Enterprise Funds consists primarily of materials and supplies for utility operations.
Pensions
For purposes of measuring the net pension liability, deferred outflows and inflows of resources related to pensions, and pension expense, information about the fiduciary net position and additions to/deductions from the fiduciary net position have been determined on the same basis as they are reported by the CalPERS Financial Office. For this purpose, benefit payments (including refunds of employee contributions) are recognized when currently due and payable in accordance with the benefit terms.
Investments are reported at fair value. For this report, the following timeframes are used:
Valuation Date: June 30, 2021
Measurement Date: June 30, 2022
Measurement Period July 1, 2021 through June 30, 2022 49 6.F.a
Packet Pg. 142 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued D. Assets, Deferred Outflows, Liabilities, Deferred Inflows, Net Position, or Equity, Continued Other Postemployment Benefits (OPEB)
For purposes of measuring the total OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, generally accepted accounting principles require that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used:
Valuation Date: June 30, 2022
Measurement Date: June 30, 2023
Measurement Period July 1, 2022 through June 30, 2023 Property Taxes
Property Tax Levy, Collection and Maximum Rates - The State of California (State) Constitution Article XIII A provides that the combined maximum property tax rate on any given property may not exceed one percent of its assessed value unless an additional amount for general obligation debt has been approved by voters.
Assessed value is calculated at 100 percent of market value as defined by Article XIII A and may be adjusted by no more than two percent per year unless the property is sold or transferred. The State Legislature has determined the method of distribution of receipts from a one percent tax levy among the counties, cities, school districts, and other districts.
Sonoma County assesses properties, bills for, and collects secured and unsecured property taxes as follows:
The term “unsecured” refers to taxes on personal property. These taxes are secured by liens on the property being taxed. The City accrues only those taxes, which are levied for the tax year and received within sixty days after fiscal year-end.
Property Tax Administration Fees – The State of California FY 1990-91 Budget Act authorized counties to collect an administrative fee for collection and distribution of property taxes. Property taxes are recorded as net of administrative fees withheld during the fiscal year.
Prepaid Items
Payments to vendors that reflect costs applicable to future accounting periods are recorded as prepaid items in both government-wide and fund financial statements.
Secured Unsecured
Lien dates January 1 January 1
Levy dates July 1 July 1
Due dates 50% on November 1, 50% on February 1 July 1
Delinquent as of December 10 (for Nov.), April 10 (for Feb) August 1 50 6.F.a
Packet Pg. 143 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued D. Assets, Deferred Outflows, Liabilities, Deferred Inflows, Net Position, or Equity, Continued Claims Payable
The City reports its risk activities in the Insurance and Benefit Service Fund for its workers compensation and Building Maintenance Fund for its general liability. When it is probable that a claim liability has been incurred at fiscal year-end, and the amount of the loss can be reasonably estimated, the City records the estimated loss, net of any insurance coverage under its self-insurance program. Estimated claims losses, if any, include an accrual for IBNR (“incurred but not reported”) claims. Small dollar claims are recorded as expenditures when paid.
Capital Assets
Capital Assets (including infrastructure) are recorded at cost where historical records are available and at an estimated original cost where no historical records exist. Donated capital assets received prior to the implementation of GASB Statement No. 72 were recorded at fair value on the date of donation. Donated capital assets received after the implementation of GASB Statement No. 72 are recorded at acquisition value as of the date received. Generally, capital asset purchases more than $5,000 are capitalized if they have an expected useful life of 3 years or more.
Capital assets include additions to public domain (infrastructure) including certain improvements such as pavement, curb and gutter, sidewalks, traffic control devices, bridges, and right-of-way corridors within the City.
Capital assets used in operations are depreciated over their estimated useful lives using the straight-line method in the Government-wide Financial Statements and in the Fund Financial Statements of the Proprietary Funds. Depreciation is charged as an expense against operations and accumulated depreciation is reported on the statement of net position. The lives used for depreciation purposes of each capital asset class are:
Right to Use Assets
The City has recorded right to use lease assets as a result of implementing GASB Statement No.87. The right to use assets are initially measured at an amount equal to the initial measurement of the related lease liability plus any lease payments made prior to the lease term, less lease incentives, and plus ancillary charges necessary to place the lease into service. The right to use assets are amortized on a straight-line basis over the life of the related lease.
Buildings 10 -30 years
Improvements other than buildings 10 years
Water distribution lines 10 - 50 years
Vehicles 3 - 7 years
Machinery and equipment 10 years
Office furniture, computers, and equipment 3 -10 years
Leased property 5 - 10 years
Infrastructure 50 years
51 6.F.a
Packet Pg. 144 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued D. Assets, Deferred Outflows, Liabilities, Deferred Inflows, Net Position, or Equity, Continued Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position or balance sheet reports a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets or fund balance that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.
In addition to liabilities, the statement of financial position or balance sheet reports a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets or fund balance that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.
Compensated Absences
Vested Vacation and Sick Leave obligations are fully funded and recorded in the Insurance and Benefit Internal Service Fund as accrued compensated absences.
Long-Term Obligations
In the government-wide financial statements, and proprietary type in the fund financial statements, longterm debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary fund type statement of net position. Bonds payable are reported net of the applicable bond premium or discount. Amortization of bond premiums and discounts are included in interest expense. Debt from direct placements and direct borrowings are disclosed as such in the notes to the financial statements.
In the fund financial statements, governmental fund types recognize bond premiums and discounts during the period issued. The face amount of debt issued is reported as other financing sources.
Premiums received are reported as other financing sources, while discounts are reported as other financing uses.
52 6.F.a
Packet Pg. 145 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued D. Assets, Deferred Outflows, Liabilities, Deferred Inflows, Net Position, or Equity, Continued Net Position
GASB Statement No. 63 requires that the difference between assets added to the deferred outflows of resources and liabilities added to the deferred inflows of resources be reported as net position. Net position is classified as either net investment in capital assets, restricted, or unrestricted.
In the government-wide financial statements, proprietary fund financial statements, and fiduciary fund financial statements, net position is reported in three categories: net investment in capital assets, restricted, and unrestricted. Net position that is net investment in capital assets consists of capital assets, net of accumulated depreciation, and reduced by the outstanding principal of related debt. Restricted net position represents the portion of net position that has external constraints placed on it by parties outside of the City, such as creditors, grantors, contributors, or laws and regulations of other governments, or through constitutional provisions or enabling legislation. Unrestricted net position consists of net position that does not meet the definition of net investment in capital assets or restricted net position.
Fund Balance
Fund balance is divided into five classifications based primarily on the extent to which the City is bound to observe constraints imposed upon the use of the resources in the governmental funds. The classifications are as follows:
Nonspendable – The nonspendable fund balance category includes amounts that cannot be spent because they are not in spendable form, or legally or contractually required to be maintained intact. The “not in spendable form” criterion includes items that are not expected to be converted to cash. It also includes the long-term amount of interfund loans.
Restricted – Fund balance is reported as restricted when constraints placed on the use of resources are either externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments or is imposed by law through constitutional provisions or enabling legislation (City ordinances).
Enabling legislation authorizes the City to assess, levy, charge, or otherwise mandates payment of resources (from external resource providers) and includes a legally enforceable requirement that those resources be used only for the specific purposes stipulated in the legislation. Legal enforceability means that the City can be compelled by an external party-such as citizens, public interest groups, or the judiciary to use resources created by enabling legislation only for the purposes specified by the legislation. 53 6.F.a
Packet Pg. 146 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued D. Assets, Deferred Outflows, Liabilities, Deferred Inflows, Net Position, or Equity, Continued Committed – The committed fund balance classification includes amounts that can be used only for the specific purposes imposed by formal action of the City Council, as resolutions and that remain binding unless removed in the same manner. The underlying action that imposed the limitation needs to occur no later than the close of the reporting period. In contrast to fund balance that is restricted by enabling legislation, committed fund balance classification may be redeployed for other purposes with appropriate due process. Constraints imposed on the use of committed amounts are imposed by City Council, separate from the authorization to raise the underlying revenue; therefore, compliance with these constraints is not considered to be legally enforceable. Committed fund balance also incorporates contractual obligations to the extent that existing resources in the fund have been specifically committed for use in satisfying those contractual requirements.
Assigned – Amounts in the assigned fund balance classification are intended to be used by the City for specific purposes but do not meet the criteria to be classified as restricted or committed. In governmental funds other than the General Fund, assigned fund balance represents the remaining amount that is not restricted or committed. In the General Fund, assigned amounts represent intended uses established by City Council or a City official delegated that authority by City Charter or ordinance.
Unassigned – Unassigned fund balance is the residual classification for the General Fund and includes all spendable amounts not contained in the other classifications. In other governmental funds, the unassigned classification is used only to report a deficit balance resulting from overspending for specific purposes for which amounts had been restricted, committed, or assigned.
The City Council establishes, modifies or rescinds fund balance commitments and assignments by passage of a resolution. This is done through adoption of the budget and subsequent budget amendments that occur throughout the fiscal year.
The City’s policy is to apply restricted resources first when expenditures are incurred for purposes for which either restricted or unrestricted (committed, assigned, and unassigned) amounts are available.
Similarly, within unrestricted fund balance, committed amounts are reduced first followed by assigned, and then unassigned amounts when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.
E. Estimates
The preparation of basic financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses/expenditures during the reporting period. Actual results could differ from those estimates. 54 6.F.a
Packet Pg. 147 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued F. New Accounting Pronouncements
In 2023, the City adopted new account standards in order to confirm with the following Government Accounting Standards Board Statements:
GASB Statement No.91 – Conduit Debt Obligation – The primary objectives of this Statement are to provide a single method of reporting conduit debt obligations by issuers and eliminate diversity in practice associated with (1) commitments extended by issuers, (2) arrangements associated with conduit debt obligation, and (3) related note disclosures. This Statement clarifies the existing definition of a conduit debt obligation; establishing that a conduit debt obligation is not a liability of the issuer; establishing standards for accounting and financial reporting of additional commitments and voluntary commitments extended by issuers and arrangements associated with conduit debt obligations; and improving required note disclosures. This Statement also addresses arrangements – often characterized as leases – that are associated with conduit debt obligations. The requirements of this statement did not impact to the City during current fiscal year.
GASB Statement No. 94 – Public-Private and Public-Public Partnerships and Availability Payment Arrangements - The primary objective of this Statement is to improve financial reporting by addressing issues related to public-private and public-public partnership arrangements (PPPs). As used in this Statement, a PPP is an arrangement in which a government (the transferor) contracts with an operator (a governmental or nongovernmental entity) to provide public services by conveying control of the right to operate or use a nonfinancial asset, such as infrastructure or other capital asset (the underlying PPP asset), for a period of time in an exchange or exchange-like transaction. Some PPPs meet the definition of a service concession arrangement (SCA), which the Board defines in this Statement as a PPP in which (1) the operator collects and is compensated by fees from third parties; (2) the transferor determines or has the ability to modify or approve which services the operator is required to provide, to whom the operator is required to provide the services, and the prices or rates that can be charged for the services; and (3) the transferor is entitled to significant residual interest in the service utility of the underlying PPP asset at the end of the arrangement. This Statement also provides guidance for accounting and financial reporting for availability payment arrangements (APAs). As defined in this Statement, an APA is an arrangement in which a government compensates an operator for services that may include designing, constructing, financing, maintaining, or operating an underlying nonfinancial asset for a period of time in an exchange or exchange like transaction. The requirements of this statement did not apply to the City during current fiscal year.
GASB Statement No. 96 – Subscription-Based Information Technology Arrangements - This Statement provides guidance on the accounting and financial reporting for subscription-based information technology arrangements (SBITAs) for government end users (governments). This Statement (1) defines a SBITA; (2) establishes that a SBITA results in a tight-to-use subscription asset—an intangible asset—and a corresponding subscription liability; (3) provides the capitalization criteria for outlays other than subscription payments, including implementation costs of a SBITA; and (4) requires note disclosures regarding a SBITA. To the extent relevant, the standards for SBITAs are based on the standards established in Statement No. 87, Leases, as amended. The requirements of this Statement will improve 55 6.F.a
Packet Pg. 148 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued F. New Accounting Pronouncements, Continued
financial reporting by establishing a definition for SBITAs and providing uniform guidance for accounting and financial reporting for transactions that meet that definition. That definition and uniform guidance will result in greater consistency in practice. Establishing the capitalization criteria for implementation costs also will reduce diversity and improve comparability in financial reporting by governments. This Statement also will enhance the relevance and reliability of a government’s financial statements by requiring a government to report a subscription asset and subscription liability for a SBITA and to disclose essential information about the arrangement. The disclosures will allow users to understand the scale and important aspects of a government’s SBITA activities and evaluate a government’s obligations and assets resulting from SBITAs. The requirements of this statement did not apply to the City during current fiscal year.
2. STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
A. Budgetary Control and Accounting
General Budget Policies
The City Council reviews and adopts an annual budget for the General, Special Revenue, Debt Service, and Capital Projects Funds. The City Council holds public hearings and may modify the appropriations by general approval. Budgeted amounts may be transferred between departments with the City Manager’s approval. The legal level of expenditure control is at the fund level. Operating appropriations lapse at the end of each fiscal year.
The budget is reported on the same basis as the fund types and on a basis consistent with accounting principles generally accepted in the United States of America. Additional appropriations or other changes during the fiscal year may be submitted by each department for Council review and approval.
B. Excess Expenditures over Appropriations
Excess of expenditures over appropriations in individual funds are as follows:
C. Deficit Fund Balances
The North Area special revenue fund has a deficit fund balance of $13,338 that should be alleviated as additional development contributions and benefit assessments are received.
Final
Budget Expenditures Excess
Nonmajor Funds:
General debt service fund
Principal retirement 1,809,608 $ 1,809,801 $ (193) $
56 6.F.a
Packet Pg. 149 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
3. CASH AND INVESTMENTS
Cash and investments as of June 30, 2023 are classified in the accompanying financial statements as follows:
Cash and investments as of June 30, 2023 consist of the following:
The table below identifies the investment types that are authorized for the City of Healdsburg by the California Government Code (or the City’s investment policy, where more restrictive). The table also identifies certain provisions of the California Government Code (or the City’s investment policy, where more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustee that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California government Code or the City’s investment policy.
Statement of net position:
Cash and investments 58,939,576 $
Restricted cash and investments with fiscal agents 278,356 Pension stabilization investments 7,492,327
Investment in NCPA Reserves 5,765,802
Fiduciary funds:
Cash investments 3,548,220
Restricted cash and investments with fiscal agents 2,557,012 Total cash and investments 78,581,293 $
Cash on hand $ 2,780
Deposits with financial institutes 5,932,237
Pension stabilization investments 7,492,327
Investment in NCPA Reserves 5,765,802
Investments 59,388,147
Total cash and investments $ 78,581,293
57 6.F.a
Packet Pg. 150 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
3. CASH AND INVESTMENTS, Continued
A. Investments Authorized by the California Government Code and the City’s Investment Policy The investment policy allows for the above investments which have equal safety and liquidity as all other allowed investments. Maturity depends on the cash needs of the City.
B. Investments Authorized by Debt Agreements
Investment of debt proceeds held by bond trustees are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy.
The table below identifies the Investment types that are authorized for investments held by bond trustee.
The table also identifies certain provisions of these debt agreements that address interest rate risk, credit risk, and concentration of credit risk.
Authorized Investment Type
Maximum
Maturity
Maximum
Percentage
of
Portfolio*
Maximum
Investment in
One Issuer
US Treasury Bills, Bonds and Notes None 100% None
Federal Agency Securities None 100% None
Local Agency Bonds None 30% 5% per single issuer
State of California Obligations None 30% 5% per single issuer CA Local Agency Obligations None 30% 5% per single issuer Obligations of other 49 States None 30% 5% per single issuer U.S Government Money Market Funds 90 Days 20% 10% per single issuer Commercial Paper 270 Days 25% 5% per single issuer
Negotiable Certificates of Deposit 5 years 30% 5% per single issuer Repurchase Agreements 92 Days 20% 5% per single issuer
Medium-term Corporate Bonds 5 years 30% 5% per single issuer Mortgage Pass-Though Securities and
Collateralized Mortgage Obligations 5 years 10% 5% per single issuer Supranationals 5 years 30% 10% per single issuer
Joint Powers Authority (Local
Government Investment Pools) N/A 100% None
Local Agency Investment Fund N/A 100% State maximum
Sonoma County Pooled Fund N/A 10% 10% of total portfolio *Excluding amounts held by bond trustee and the Pension Stabilization trustee that are not restricted by the California Government Code.
58 6.F.a
Packet Pg. 151 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
3. CASH AND INVESTMENTS, Continued
B. Investments Authorized by Debt Agreements, Continued C. Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer-term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.
Information about the sensitivity of the fair values of the City’s investments (including investments held by bond trustee) to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity:
Authorized Investment Type
Maximum
Maturity
Maximum
Percentage
of
Portfolio
Maximum
Investment
in
One Issuer
U.S. Treasury Obligations None None None
U.S. Government Sponsored
Enterprise Securities None None None
Bankers Acceptances 180 days 40% 10%
Commercial Paper 270 days 25% 10%
Money Market Funds N/A None None
Investment Contracts 30 years None None
Sonoma County Pooled Fund N/A 10% None
State of California Local Agency
Investment Fund (State Pool) N/A Unlimited $75,000,000
Investment Type Totals
12 Months
or Less
13 to 24
Months
25 - 60
Months
More than
60 Months
Corporate Issues 11,969,036 $ 707,473 - $ 3,421,975 $ 7,839,588 Foreign Issues 786,655 - 499,517 - 287,138
Taxable Municipal Issues 371,925 - 371,925 - -
U.S. Treasury Securities 24,478,923 8,616,770 7,682,195 4,134,530 4,045,428 State Investment Pool (LAIF) 17,109,632 17,109,632 - - - Money Market Mutual Funds 1,836,608 1,836,608 - - -
Held by Fiscal Agents:
County Investment Pool 277,974 277,974 - - -
Money Market Mutual Funds 2,557,394 2,557,394 - - -
Total 59,388,147 $ 30,398,378 $ 8,389,668 $ 8,427,947 $ 12,172,154 $ (Remaining maturity in Months)
59 6.F.a
Packet Pg. 152 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
3. CASH AND INVESTMENTS, Continued
D. Investments with Fair Values Highly Sensitive to Interest Rate Fluctuations The City has no investments (including investments held by bond trustees) that are highly sensitive to interest rate fluctuations (to a greater degree than already indicated in the information provided above).
E. Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by (where applicable) the California Government Code, the City’s investment policy, or debt agreements, and the actual rating as of fiscal year end for each investment type.
F. Concentration of Credit Risk
The investment policy of the City contains limitations on the amount that can be invested in any one issuer. There are no investments in any one issuer (other than U.S. Treasury securities, mutual funds, and external investment pools) that represent 5% or more of total City investments.
Investment Type Amount
Minimum
Legal
Rating AAA AA A
Not
Rated
Corporate Issues $ 11,969,036 N/A $ 114,804 $ 660,074 - $ $ 11,194,158 Foreign Issues 786,655 N/A - - 786,655 -
Taxable Municipal Issues 371,925 N/A - - 371,925 -
U.S. Treasury Securities 24,478,923 N/A 2,104,795 - 22,374,128 - State Investment Pool (LAIF) 17,109,632 N/A - - - 17,109,632 Money Market Mutual Funds 1,836,608 N/A - - - 1,836,608 Held by Fiscal Agents:
County Investment Pool 277,974 N/A - - - 277,974
Money Market Mutual Funds 2,557,394 N/A - - - 1,836,608 Total 59,388,147 $ 114,804 $ 2,104,795 $ 660,074 $ 55,787,688 $ Rating as of Fiscal Year End
60 6.F.a
Packet Pg. 153 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
3. CASH AND INVESTMENTS, Continued
G. Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g. broker-dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provision for deposits; the California Government Code requires that a financial institution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the government unit). The fair value of the pledged securities in the collateral pool must equal at least 110% of the total amount deposited by the public agencies. California law also allows financial institutions to secure the City’s deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits.
The City’s deposits with financial institutions in excess of federal depository insurance limits are legally required by the California Government Code, to be collateralized as noted above.
As of June 30, 2023, the City investments in the following investment types were held by the same brokerdealer (counterparty) that was used by the City to buy securities:
H. Investment in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by the California Government Code under the oversight of the Treasurer of the State of California. The fair value of the City’s investment in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro-rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis.
Investment Type Amount
Corporate Issues 11,969,036 $
Foreign Issues 786,655
Money Market Funds 1,836,608
Taxable Municipal Issues 371,925
U.S. Treasury Securities 24,478,923
61 6.F.a
Packet Pg. 154 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
3. CASH AND INVESTMENTS, Continued
I. Fair Value Measurement
The City categorizes its fair value measurements within the fair value hierarchy established by accounting principles generally accepted in the United States of America. These principles recognize a three-tiered fair value hierarchy, as follows:
Level 1: Investments reflect prices quoted in active markets; Level 2: Investments reflect prices that are based on a similar observable asset either directly or indirectly, which may include inputs in markets that are not considered active; and, Level 3: Investments reflect prices based upon unobservable sources.
The City has the following recurring fair value measurements as of June 30, 2023:
The City investments in LAIF, money market mutual funds, and the Sonoma County Investment Pool are not required to be measured under Level 1, 2, or 3.
J. Pension Stabilization Investment Program
Investments of funds held in the Pension Stabilization Investment Program are governed by the Investment Guidelines Document for the investment account and by the agreement for administrative services with the Public Agency Retirement Services (PARS), rather than the general provisions of the California Government Code or the City’s investment policy. The Pension Stabilization Investment Program’s investment policy is established and can be modified by the City. The goal of the Pension’s investment program is to provide a reasonable level of growth which, will result in sufficient assets to pay the present and future obligations of the City’s retirement Plan. The assets in this program will eventually be used to fund Pension Plan obligations for assets managed in the CalPERS Trust. The assets are also available to mitigate the potential negative impact of future rate hikes from CalPERS. The account’s risk tolerance has been rated moderately conservative, which demonstrates that the account can accept some price fluctuations to pursue its investment objectives.
Investments by fair value Totals
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
Significant
Other
Observable
Inputs (Level 2)
Significant
Unobservable
Inputs (Level 3)
Corporate Issues $ 11,969,036 $ 1,093,642 - $ $ -
Foreign Issues 786,655 - 707,380 -
Taxable Municipal Issues 371,925 - 707,380 -
U.S. Treasury Securities 24,478,923 - 707,380 -
Total 37,606,539 $ 3,215,782 - $ $ -
Investments not subject to leveling disclosure:
Money Market Mutual Funds 4,394,002
State Investment Pool (LAIF) 17,109,632
County Investment Pool 277,974
59,388,147
62 6.F.a
Packet Pg. 155 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
3. CASH AND INVESTMENTS, Continued
J. Pension Stabilization Investment Program, Continued
As for duration, the investment manager will maintain the portfolio duration within +/- 25% of the benchmark duration at all times. The benchmark duration is the BC Aggregate Bond benchmark. At June 30, 2023, the benchmark duration was 6.43, and the plan’s duration was 6.20. The target asset allocation of the portfolio is 20-40% to equity investments, 50-80% to fixed income investments, and 0-20% to cash.
Specifically identifiable investments are recorded by the Trustee in its records. All investments are either held by the counterparty or the counterparty’s trust department or agent, but not in the City’s name directly.
Pension volatility mitigation-contributions from the Fund can be either transferred to CalPERS or the City at the City’s discretion to offset fluctuations in the required annual contributions. Assets can be accessed anytime to fund the City’s pension obligations and defray reasonable expenses associated therewith.
The table below identifies the investment types that are authorized for investments held in the pension stabilization investment program. The table also identifies certain provisions of policy that address interest rate risk, credit risk, and concentration of credit risk.
Pension stabilization investments held and the percentage of the pension investment portfolio at June 30, 2023 was as follows:
Authorized Investment Type
Maximum
Investment
Mortgage-backed Securities 80%
Asset-back Securities 80%
Colleterial Mortgage Obligations 80%
Commercial Mortgage Obligations 40%
Corporate Debt Securities - U.S. or Foreign None
Eligible Instruments Issued Pursuant
to SEC Rule 144(a) 40%
Municipal Bonds 80%
Pension Stabilization Investments Fair Value % of Portfolio Federal Agency Securities
F.H.L.M.C Gd $ 57,068 0.76%
F.H.L.M.C 614,103 8.20%
F.N.M.A 1,039,184 13.87%
U.S Treasury Securities 1,220,175 16.29%
Corporate Bonds 1,579,264 21.08%
Mutual Funds 2,538,617 33.88%
Municipal Issues 128,636 1.72%
Money Market Mutual Funds 315,280 4.21%
Total Pension Stabilization Investments $ 7,492,327 100% 63 6.F.a
Packet Pg. 156 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
3. CASH AND INVESTMENTS, Continued
J. Pension Stabilization Investment Program, Continued
Information about the sensitivity of the fair values of the City’s pension stabilization investments to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity:
Generally, credit risk is the risk that an issuer of an investment will not fulfil its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by (where applicable) the City’s pension stabilization investment policy and the actual rating, by Standard and Poor’s, as of fiscal year end for each investment type:
Investment Type Totals
12 Months
or Less
13 to 24
Months
26-60
Months
More Than
60 Months
Federal Agency Securities
F.H.L.M.C Gd $ 57,068 $ 57,068
F.H.L.M.C 614,103 614,103
F.N.M.A 1,039,184 1,039,184
U.S Treasury Securities 1,220,175 72,777 - 1,147,398 -
Corporate Bonds 1,579,264 39,026 200,298 34,338 1,305,602 Mutual Funds 2,538,617 2,538,617 - 128,636 -
Municipal Issues 128,636 - - 128,636 -
Money Market Mutual Funds 315,280 315,280 - - -
$ 7,492,327 $ 2,892,923 $ 273,075 $ 34,338 $ 4,420,627
Remaining maturity (in Months)
Investment Type Amount
Minimu
m
Legal Aaa A AA AAA BBB
Not
Rated
Federal Agency Securities
F.H.L.M.C Gd $ BBB- 57,068 -$ -$ -$ -$ -$ 57,068$
F.H.L.M.C 614,103 BBB- - - - - - 614,103
F.N.M.A 1,039,184 BBB- - - - - - 1,039,184
U.S Treasury Securities 1,220,175 N/A 1,147,399 - - - - 72,776 Corporate Bonds 1,579,264 BBB- 53,453 405,288 109,902 229,752 722,302 58,567 Mutual Funds 2,538,617 N/A - - - - 2,538,617
Municipal Issues 128,636 BBB- 30,110 27,919 56,125 14,482 - - Money Market Mutual Funds 315,280 N/A - - - - 315,280
Total 7,492,327 $ 433,207 1,230,962 $ 166,027$ 244,234$ 722,302$ $ 4,695,595 Rating as of Fiscal Year End
64 6.F.a
Packet Pg. 157 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
3. CASH AND INVESTMENTS, Continued
J. Pension Stabilization Investment Program, Continued
The pension stabilization investment policy of the City contains limitations on the amount that can be invested in any one issuer. Pension stabilization investments in any one issuer (other than U.S. Treasury securities, mutual funds, and external investment pools) that represent 5% or more of total City’s pension stabilization investments are as follows:
The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs.
The City’s pension stabilization investments have the following recurring fair value measurements as of June 30, 2023:
Investment Type Issuer Fair Value
Interest
Rate
Percentage of
Portfolio
Federal Agency Securities F.H.L.M.C 614,103 $ 2.00% - 4.00% 8.20% Federal Agency Securities F.N.M.A 1,039,184 2.00% - 4.00% 13.87% Totals Level 1 Level 2 Level 3
Federal Agency Securities 1,710,355 $ - $ 1,710,355 $ - $ U.S. Treasury Securities 1,220,175 - 1,220,175 -
Corporate Bonds 1,579,264 - 1,579,264 -
Municipal Issues 128,636 - 128,636 -
- 4,638,430 $ 4,638,430 $ - $
Investments not subject to leveling disclosure:
Mutual Funds 2,538,617
Money Market Mutual Funds 315,280
7,492,327
65 6.F.a
Packet Pg. 158 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
4. ACCOUNTS RECEIVABLE
The following is a list of accounts receivable at June 30, 2023:
5. LEASE RECEIVABLE
Metro PCS
In November 2007, the City entered into a lease with Metro PCS to allow a portion of their property to be utilized for a cellular tower. The lease term is 5 years and includes four additional optional 5 year terms which are exercised unless written notification of cancellation occurs within 90 days prior to the expiration of the existing lease term. Annual rent shall be adjusted as of the fifth (5th) anniversary of the Commencement date of the term and of any five (5) year renewal term by an increase of 15% of the annual rent paid during the previous term of five (5) year renewal term. Payments received during the current fiscal year were $34,853. The current 5 year term will expire in August 2027.
Verizon
In May 2023, the City entered into a lease with Metro PCS to allow a portion of their property to be utilized for a cellular tower. The lease term is for a period of 5 years. Monthly rent for the first year shall be $2,157 commencing on May 2023 and increasing by 3 percent each year thereafter.
The City’s lease receivable activities for the year ended June 30, 2023 were as follows:
Receivable Allowance Net
Governmental Activities
Accounts 3,128,954 $ - $ 3,128,954 $
Intergovernmental 2,419,812 - 2,419,812
$ 5,548,766 $ 5,548,766 - $
Business-type Activities
Accounts $ 4,233,480 $ 4,233,480 - $
Deferred
Inflows of
Resources
Balance at Balance at Balance at
7/1/2022 Additions Deletions 6/30/2023 At 6/30/2023
Governmental Activities
Metro PCS $ 214,988 $ (30,610) - $ $ 184,378 $ 177,093
Verison 129,142 - (3,798) 125,344 124,837
$ 214,988 $ 129,142 $ (34,408) $ 309,722 $ 301,930
Lease Receivable
66 6.F.a
Packet Pg. 159 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
6. NOTES AND LOANS RECEIVABLE
The following schedule summarizes notes and loans receivable as of June 30, 2023:
Notes receivable in the amount of $9,497,291 consists of the combination of the following:
Funds Amount
Major governmental funds
General Fund $ 928,378
Streets capital projects fund 22,880
Nonmajor governmental fund
Housing Successor Agency special revenue fund 8,542,046 Internal service funds
Information Services fund 3,987
$ 9,497,291
Notes Receivable Amount
Governmental Activities:
Individuals $ 2,201,214
Business Stabilization Loans 182,478
Riverfield Homes 290,950
Healdsburg Family Limited Partnership 4,574,708
Healdsburg Pacific Associates 2,194,524
Burbank Housing 5,252,635
Eden Mill District LP 250,000
Monte Vina 604,388
Subtotal 15,550,897
Less: Allowances for uncollectible loans (6,080,473)
Mutual Agreement loan 22,880
Employee computer loans 3,987
Total net notes and loan receivable 9,497,291 $
67 6.F.a
Packet Pg. 160 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
7. INTERFUND ACTIVITY
A. Due To/ From Other Funds
Current interfund balances arise in the normal course of business and to assist funds with negative cash balance at the fiscal year end. They are expected to be repaid shortly after the end of the fiscal year. The City allocates negative interest to funds that have a negative cash balance.
The following represents the interfund activity of the City for the fiscal year ended June 30, 2023:
B. Transfers
With council approval, resources may be transferred from one City fund to another. The purpose of the majority of transfers is to reimburse a fund that has made expenditures on behalf of another fund.
Fund
Due From
Other Funds
Due to
Other Funds
Major governmental funds
General fund 907,116 $ -$
Streets capital projects fund - 904,893
Major enterprise funds
Sewer Fund 1,086,445 1,086,445
Electric Fund 15,000 -
Nonmajor governmental funds
North Area special revenue fund - 15,000
Media Center special revenue fund - 2,223
Nonmajor enterprise fund
Airport fund 53,683 53,683
Totals 2,062,244 $ 2,062,244 $
Transfers Out
General
Fund Streets
Non-Major
Government
al Funds
Internal
Service
Funds
Total
Transfers
Out
Governmental Funds:
General Fund - $ 716,845 $ 384,341 $ 505,524 $ 1,606,710 $ Community Services - - 1,402,588 82,181 1,484,769
Streets - - 17,857 - 17,857
Non-Major Governmental Funds 40,042 390,301 2,833 - 433,176 Proprietary Funds:
Water Fund 7,204 - - - 7,204
Sewer Fund 7,203 - - - 7,203
Electric Fund 144,663 - - - 144,663
Airport Fund - - 850 - 850
Internal Service Funds - - 48,751 - 48,751
Total Transfers In 199,112 $ 1,107,146 $ 1,857,220 $ 587,705 $ 3,751,183 $ Transfers In
Governmental Funds
68 6.F.a
Packet Pg. 161 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
7. INTERFUND ACTIVITY, Continued
C. Advances To/ From Other Funds
At June 30, 2023, advances to/advances from other funds were as follows:
On January 7, 2017, the Sewer Enterprise Fund and the Electric Enterprise Fund advanced each in the amounts $1,587,500 to the General Fund for the City Hall renovation. The advance bears interest rate adjusted on July 1 of each year to equal the then LAIF rate on May 31 of the prior fiscal year. The principal and interest payments are due in 15 equal installments. As of June 30, 2023, the outstanding amount of the advance was $2,266,260.
Advance From Other Funds
(Funds receiving loans) Sewer Fund Electric Fund Total
Governmental Funds:
General Fund 1,133,130 $ 1,133,130 $ 2,266,260 $
Total 1,133,130 $ 1,133,130 $ 2,266,260 $
Advance To Other Funds
(Funds making loans)
Proprietary Funds
69 6.F.a
Packet Pg. 162 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
8. CAPITAL ASSETS
The City has reported all capital assets including infrastructure in the government-wide Statement of Net Position. The City elected to use the basic approach as defined by GASB Statement No. 34 for all infrastructure reporting, whereby depreciation expense and accumulated depreciation have been recorded.
A summary of changes in capital assets for the City’s governmental activities for the fiscal year ended June 30, 2023 is as follows:
Depreciation and amortization were charged to functions/programs of the primary government as follows:
Balance at
July 1, 2022 Additions Deletions Transfers
Balance at
June 30, 2023
Governmental Activities:
Capital assets, not being depreciated:
Land 20,193,298 $ - $ - $ - $ 20,193,298 $
Right of ways 6,681,379 - - - 6,681,379
Construction in progress 5,799,988 3,933,632 - (7,670,511) 2,063,109 Total capital assets not being depreciated 32,674,665 3,933,632 - (7,670,511) 28,937,786 Capital assets, being depreciated:
Land improvements 4,334,889 768,525 - - 5,103,414
Streets 74,780,162 1,936,114 - 354,484 77,070,760
Buildings 33,245,829 - - 7,091,775 40,337,604
Machinery and equipment 12,117,148 434,368 (307,243) 224,252 12,468,525 Infrastructure 1,515,614 - - - 1,515,614
Lease assets 232,135 - - - 232,135
Total capital assets, being depreciated 126,225,777 3,139,007 (307,243) 7,670,511 136,728,052 Less accumulated depreciation for:
Land improvements (1,946,702) (42,280) - - (1,988,982)
Streets (18,335,964) (1,604,030) - - (19,939,994)
Buildings (16,891,640) (1,135,240) - - (18,026,880)
Machinery and equipment (7,332,961) (1,691,276) 307,247 - (8,716,990) Infrastructure (399,054) (42,055) - - (441,109)
Less accumulated amortization for: -
Lease assets (72,107) (72,107) - (144,214) -
Total accumulated depreciation & Amortization (44,978,428) (4,586,988) 307,247 (49,258,169) - Total capital assets, being depreciated, net 81,247,349 (1,447,981) 7,670,511 4 87,469,883 Governmental activities capital assets, net $ 2,485,651 113,922,014 $ $ 4 $ 116,407,669 - $ Governmental Activities Depreciation Amortization Total Unallocated $ 2,893,849 $ 2,893,849 - $
Internal service funds 1,621,032 72,107 1,693,139
Total $ 4,514,881 $ 72,107 $ 4,586,988
70 6.F.a
Packet Pg. 163 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
8. CAPITAL ASSETS, Continued
A summary of changes in property, improvements, and equipment in the Enterprise Funds for the fiscal year ended June 30, 2023 is as follows:
Depreciation expense was charged to the following functions:
Balance at
July 1, 2022 Additions Deletions Transfers
Balance at
June 30, 2023
Business-types activities:
Capital assets, not being depreciated:
Land $ 1,245,877 $ - $ - $ 1,245,877 - $
Construction in progress 2,044,538 1,540,632 (1,525,822) - 2,059,348 Total capital assets not being depreciated 3,290,415 1,540,632 (1,525,822) - 3,305,225 Capital assets, being depreciated:
Buildings and improvements 3,040,870 - - 3,040,870 -
Utility systems 139,372,716 979,933 1,525,822 - 141,878,471 Drainage 11,822,810 183,490 - 12,006,300 -
Machinery & equipment 3,114,170 203,142 - 3,317,312 -
Operations 4,046,891 - - 4,046,891 -
Total capital assets, being depreciated 161,397,457 1,366,565 1,525,822 - 164,289,844 Less accumulated depreciation for:
Buildings and improvements (2,278,542) (81,480) - (2,360,022) - Utility systems (49,356,934) (3,382,822) - (52,739,756) - Drainage (5,462,102) (258,168) - (5,720,270) -
Machinery & equipment (2,130,331) (182,394) - (2,312,725) - Operations (1,298,928) (95,084) - (1,394,012) -
Total accumulated depreciation (60,526,837) (3,999,948) - (64,526,785) - Total capital assets, being depreciated, net 100,870,620 (2,633,383) 1,525,822 - 99,763,059 Business-type activities capital assets, net $ 104,161,035 $ (1,092,751) $ - $ 103,068,284 - $ Business-type activities Amount
Water $ 859,186
Sewer 2,335,781
Electric 679,245
Airport 125,736
$ 3,999,948
71 6.F.a
Packet Pg. 164 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
9. RIGHT TO USE LEASE ASSETS
The City has recorded one right to use leased asset. The asset is right to use asset for leased equipment.
The related lease is discussed in the Leases subsection of the Liabilities section of this note. The right to use lease asset is reported in the capital assets schedule and is amortized on a straight-line basis over the term of the related lease.
10. LONG-TERM LIABILITY
A. Changes in Long-term Liability
Summary of changes in long-term liabilities for governmental activities is as follows:
Balance at
July 1, 2022 Additions Deletions
Balance at
June 30, 2023
Due Within
One Year
Governmental activities:
Other debt
Pension obligation bonds $ 567,520 $ (567,520) - $ $ - $ - Lease liabilities 159,815 (71,442) - 88,373 31,992
Successor Agency payable 1,376,900 (104,337) - 1,272,563 104,597 Total other debt 2,104,235 (743,299) - 1,360,936 136,589 Direct borrowings and direct placements
HUSD finance purchase 1,137,807 (1,137,807) - - -
Equipment finance purchase 947,393 (947,393) - - -
Total direct borrowings and direct placements 2,085,200 (2,085,200) - - - Total governmental long-term debt $ 4,189,435 $ (2,828,499) - $ $ 1,360,936 $ 136,589 72 6.F.a
Packet Pg. 165 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
10. LONG-TERM LIABILITY, Continued
A. Changes in Long-term Liability, continued
Summary of changes in long-term liabilities for business-type activities is as follows:
B. Pension Obligation Bonds
On September 7, 2012, the City issued $6,339,200 Series B of 2012 Taxable Pension Obligation Bonds.
The proceeds were used to pay costs of issuance totaling $108,042 and pay off the CalPERS Side Funds amounting to $2,546,762 (safety) and $6,262,596 (miscellaneous). The bonds carry interest rates of 4.37% for Series B. The final maturity is June 30, 2023 for Series B. Semi-annual payments of principal and interest are due each June 30 and December 31.
Because the City’s enterprise funds are partially responsible for debt service on these bonds, the liability for the bonds is split between the governmental activities and business-type activities as follows: 567,520 in governmental activities, and $317,235 in business-type activities. Upon and during the continuance of an event of default, the principal of and interest accrued on all bonds may be declared to be due and payable immediately. The remaining balance has been fully paid-off during fiscal year 2023.
C. HUSD Finance Purchase
On February 1, 2014, the Healdsburg Public Financing Authority entered into a lease purchase agreement with the Healdsburg Unified School District (District) to purchase the Foss Creek School Property. As part of the agreement, the District loaned the City $2,095,007 to be paid over a 15-year period with an interest rate of 2.4%. The cost of the property acquired through this finance purchase and accumulated depreciation at June 30, 2023 was $5,007,245 and $1,669,082, respectively. Upon and during the continuance of an event of default, the principal of and interest accrued on all payments may be declared to be due and payable immediately. The remaining balance has been fully paid-off during fiscal year 2023.
Balance at
July 1, 2022 Additions Deletions
Balance at
June 30, 2023
Due Within
One Year
Business-type activities:
Direct borrowings and direct placements
2005D - CSCDA Water/Sewer $ 1,500,000 $ (135,000) - $ $ 1,365,000 $ 145,000 2014 Water Refunding Bonds 4,151,000 (583,000) - 3,568,000 604,000 2015 Wastewater Refunding Bonds 19,735,000 (1,095,000) - 18,640,000 1,140,000 Premium on Bonds 407,983 (31,383) - 376,600 -
Total direct borrowings and direct placements 25,793,983 (1,844,383) - 23,949,600 1,889,000 Other debt
Successor Agency payable 1,570,322 (118,992) - 1,451,330 119,290 Pension obligation bonds 317,235 (317,235) - - -
Total other debt 1,887,557 (436,227) - 1,451,330 119,290 Total business-type long-term debt $ 27,681,540 -$ (2,280,610) $ $ 25,400,930 $ 2,008,290 73 6.F.a
Packet Pg. 166 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
10. LONG-TERM LIABILITY, Continued
D. Equipment Finance Purchase
In January 2021, the City entered into a finance purchase agreement with Community leasing partners for the purchase and implementation of an aerial ladder truck. As part of the financing agreement, the City borrowed $1,403,669, to be paid over a 3-year period with a stated 5% interest rate. Upon and during the continuance of an event of default, the principal of and interest accrued on all leases may be declared to be due and payable immediately. The remaining balance has been fully paid-off during fiscal year 2023.
E. Payable to the Successor Agency
In 2008, the former Redevelopment Agency of the City of Healdsburg (RDA) loaned the City of Healdsburg $4,495,000 ($2,395,000 to the Electric Fund for upgrades to Badger Substation and $2,100,000 to the Community Services Fund for long-term lease of a school facility) in accordance with executed loan agreements. In January 2012, the Board of Directors for the RDA adopted a resolution forgiving the loans between the RDA and the City. In June 2015, the California Department of Finance disallowed the forgiveness of the loans. The Successor Agency to the former RDA is now responsible for the collection of this loan payment. The loans are payable annually over a period of 20 years at an interest rate of .25%.
As of June 30, 2023, the amount due from Governmental Activities and the Electric Fund was $1,272,563 and $1451,330, respectively. The Community Services Special Revenue fund is expected to be responsible for principal and interest payments for the portion related to Governmental Activities.
Fiscal Year Principal Interest Total
2024 $ 223,887 6,810$ $ 230,697
2025 224,446 6,250 230,696
2026 225,007 5,689 230,696
2027 225,570 5,126 230,696
2028 226,133 4,563 230,696
2029-2033 1,139,176 1,153,480 14,304
2034-2036 459,674 1,725 461,399
Totals $ 2,723,893 44,467$ 2,768,360 $
Reported as:
Governmental activities 1,272,563 $
Business-type activities 1,451,330
$ 2,723,893
Successor Agency Payable
74 6.F.a
Packet Pg. 167 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
10. LONG-TERM LIABILITY, Continued
F. Leases
The City has entered into agreements to lease certain equipment. The lease agreements qualify as other than short-term leases under GASB Statement No. 87 and, therefore, have been recorded at the present value of the future minimum lease payments as of the date of their inception.
The first agreement was executed on June 1, 2018, to lease four copy machines and requires 60 monthly payments of $3,414. There are no variable payment components of the lease. The lease liability is measured at a discount rate of 0.51%. As a result of the lease, the City has recorded a right to use asset with a net book value of $40,135 at June 30, 2023. The right to use asset is discussed in more detail in Note
9. The second agreement was executed on April 1, 2021, to lease seven copy machines and requires 60 monthly payments of $2,698. There are no variable payment components of the lease. The lease liability is measured at a discount rate of 0.51% based on the Sonoma County discount rate as of 7/1/2021. As a result of the lease, the City has recorded a right to use asset with a net book value of $87,921 at June 30, 2023. The right to use asset is discussed in more detail in Note 1.D.
The future minimum lease obligations and the net present value of these minimum lease payments as of June 30, 2023, were as follows:
Business-type Activities:
G. 2005 Series D CSCDA Water/Sewer Revenue Bonds
In October 2005, the City, through the California Statewide Communities Development Authority, issued $6,505,000 in bonds to provide funds to defease the 1996 Sewer Improvement Certificates and the 2000 Series B Water and Sewer CSDA Certificates, which were originally issued to finance sewer improvements. Interest on the 2005 bonds is payable semiannually, on April 1 and October 1, with the principal payments due annually on October 1 of each year. Net revenues of the water and wastewater utilities are pledged as security for the bonds. Upon and during the continuance of an event of default, the principal of and interest accrued on all bonds may be declared to be due and payable immediately.
In July 2015, the City issued the 2015 Wastewater Revenue Refunding Bonds, which defeased the remaining Sewer Bonds of the 2005 CSDA Bonds of $2,440,000. The 2005 CSDA Sewer Bonds are considered to be defeased and the liability has been removed from long-term debt. See the 2015 Wastewater Revenue Refunding Bonds, Series A for more information on the refunding.
Fiscal Year Principal Interest Total
2024 31,992 $ 379 $ 32,371 $
2025 32,156 32,370 214
2026 24,225 24,277 52
Totals 88,373 $ $ 89,018 645 $
Lease Liabilities
75 6.F.a
Packet Pg. 168 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
10. LONG-TERM LIABILITY, Continued
G. 2005 Series D CSCDA Water/Sewer Revenue Bonds, continued The following represents the future debt service requirements for the 2005 Series D CSCDA Water Revenue Bonds:
H. 2014 Water Refunding Bonds
In February 2014, the City issued $7,965,000 in Water Revenue Refunding Bonds, to refund the 2001 A and 2002 C outstanding bonds (current refunding). Proceeds from the 2014 bonds were placed in escrow to refund in full the 2001 A and 2002 C bonds, and to pay costs of issuance. The bonds carry interest rates in the range from 4.30% to 5%. The final maturity is October 1, 2032. Semi-annual payments of principal and interest are due each April 1 and October 1. Upon and during the continuance of an event of default, the principal of and interest accrued on all bonds may be declared to be due and payable immediately.
The following represents the future debt service requirements:
Fiscal Year Principal Interest Total
2024 145,000 $ $ 61,850 $ 206,850
2025 150,000 54,475 204,475
2026 160,000 46,725 206,725
2027 170,000 38,475 208,475
2028 170,000 30,294 810,763
2029-2032 570,000 40,469 610,469
Totals 1,365,000 $ 272,288$ $ 2,247,757
2005 Series D CSCDA Water/Sewer Revenue Bonds
Fiscal Year Principal Interest Total
2024 604,000 $ 135,539$ $ 739,539
2025 462,000 113,420 575,420
2026 484,000 93,790 577,790
2027 347,000 76,547 423,547
2028 253,000 64,097 317,097
2029-2033 1,418,000 151,807 1,569,807
Totals 3,568,000 $ 635,200$ $ 4,203,200
2014 Water Refunding Bonds
76 6.F.a
Packet Pg. 169 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
10. LONG-TERM LIABILITY, Continued
I. 2015 Wastewater Revenue Refunding Bonds, Series A
In July 2015, the City issued $26,625,000 in Wastewater Revenue Refunding Bonds, Series A, to refund the 2005 and 2006 Wastewater Revenue bonds (current refunding). Proceeds from the 2015 bonds were placed in escrow to refund in full the 2005 and 2006 bonds, and to pay costs of issuance. The bonds carry interest rates in the range from 2.0% to 3.75%. The final maturity is October 1, 2035. Semi-annual payments of principal and interest are due each April 1 and October 1. Upon and during the continuance of an event of default, the principal of and interest accrued on all bonds may be declared to be due and payable immediately. The following represents the future minimum debt service requirements for the 2015 Wastewater Revenue Refunding Bonds:
J. Compensated Absences:
Compensated absences are liquidated by the Insurance and Benefit Internal Service Fund and are reported as a liability of the governmental activities. As of June 30, 2023, the City’s liability for earned vacation and compensation pay is $2,848,961.
11. PENSION PLAN
For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Plans and additions to/deductions from the Plans' fiduciary net position have been determined on the same basis as they are reported by CalPERS Financial Office. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. Pension liabilities are typically liquidated in the General Fund for governmental activities or in the respective enterprise fund.
A. General Information about the Pension Plan
Plan Descriptions - All qualified employees are eligible to participate in the City’s Miscellaneous (all other) Plans, cost-sharing multiple employer defined benefit pension plans administered by the California Public Employees' Retirement System (CalPERS). Benefit provisions under the Plans are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website.
Fiscal Year Principal Interest Total
2024 1,140,000 $ 651,350 $ 1,791,350 $
2025 1,190,000 604,750 1,794,750
2026 1,235,000 556,250 1,791,250
2027 1,290,000 505,750 1,795,750
2028 1,335,000 459,925 1,794,925
2029-2033 7,360,000 1,612,238 8,972,238
2034-2037 5,090,000 291,000 5,381,000
Totals 18,640,000 $ $ 4,681,263 $ 23,321,263
2015 Wastewater Revenue Refunding Bond, Series A
77 6.F.a
Packet Pg. 170 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
11. PENSION PLAN, Continued
A. General Information about the Pension Plan, Continued Benefits Provided - CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries.
Benefits are based on years of credited service, equal to one year of full time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. PEPRA Miscellaneous members with five years of total service are eligible to retire at age 52 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 5 years of service. The death benefit is the Basic Death Benefit. The cost of living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law. The Plans’ provisions and benefits in effect at June 30, 2023, are summarized as follows:
Contributions - Section 20814(c) of the California Public Employees' Retirement Law requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July l following notice of a change in the rate. Funding contributions for the Plans are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees.
Miscellaneous
Classic Member
Miscellaneous
2nd Tier
Miscellaneous
PEPRA
Hire Date
16,
2012
On and after
December 16, 2012
January 1,
2013
Benefit Formula 2.5% @ 55 2% @ 62 2% @ 62
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments Monthly for life Monthly for life Monthly for life Retirement age 55 60 62
Monthly benefits, as a % of eligible compensation 2.5% 2% 2% Required employee contribution rates 8% 7% 7%
Required employer contribution rates 13.02% 9.30% 7.76% Unfunded liability $2,177,597 $10,707 $26,093
Safety
Safety
PEPRA
Hire Date
Prior to January 1
2013
On and after
January 1, 2013
Benefit Formula 3% @ 50 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service Benefit payments Monthly for life Monthly for life
Retirement age 50 57
Monthly benefits, as a % of eligible compensation 3% 2.7% Required employee contribution rates 9% 11.5%
Required employer contribution rates 23.75% 12.78%
Unfunded liability $1,183,330 $15,782
78 6.F.a
Packet Pg. 171 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
11. PENSION PLAN, Continued
A. General Information about the Pension Plan, Continued For the measurement period June 30, 2022, the City’s contribution for the plan was as follows:
B. Pension Liability, Pension Expenses, and Deferred Outflow/Inflows of Resources Related to Pensions As of June 30, 2023, the City reported net pension liabilities for its proportionate shares of the net pension liability of the Plan as follows:
C. Net Pension Liability
The City’s net pension liability of the Plan is measured as the proportionate share of net pension liability.
The net pension liability of the Plan is measured as of June 30, 2022, and the total pension liability for the Plan used to calculate the net pension liability was determined by actuarial valuation as of June 30, 2021 rolled forward to June 30, 2022 using standard update procedures. The City’s proportion of the net pension liability was based on a projection of the City’s long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined. The City’s proportionate share of the net pension liability for the Plan as of June 30, 2021 and 2022 was as follows:
Miscellaneous Safety Total
Contributions - employer $ 2,972,337 $ 1,835,933 $ 4,808,270 Proportionate
Share of Net
Pension
Liability
Cost sharing plan 45,450,854 $
Proportion - June 30, 2021 0.46138%
Proportion - June 30, 2022 0.39349%
Change - Increase (Decrease) -0.06789%
79 6.F.a
Packet Pg. 172 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
11. PENSION PLAN, Continued
C. Net Pension Liability, Continued
For the fiscal year ended June 30, 2023, the City recognized pension expense/(income) of $2,121,879, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
Deferred outflows of resources reported as $5,068,606 related to contributions subsequent to the measurement date and will be recognized as a reduction of the net pension liability in the fiscal year ended June 30, 2024. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions and will be recognized as pension expense as follows:
Actuarial Assumptions - The total pension liabilities in the June 30, 2021 actuarial valuations were determined using the following actuarial assumptions:
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Changes of Assumptions $ 4,630,937 $ -
Differences between Expected and Actual Experience 1,256,251 569,541 Net differences between projected and actual
earnings on plan investments 7,918,108 2,057,463
Difference between employer's contributions and the
employer's proportionate share on contributions - -
Change in Employer's Proportion 156,710 1,170,031
Pension Contributions Made Subsequent to Measurement Date 5,068,606 - Total $ 19,030,612 $ 3,797,035
Fiscal Year
Ended
June 30
Deferred
Outflows/(Inflows)
of Resources
2024 2,308,920 $
2025 1,891,507
2026 1,125,686
2027 4,838,858
Total 10,164,971 $
Valuation Date June 30, 2021
Measurement Date June 30, 2022
Actuarial Cost Methods Entry-Age Normal Cost Method
Actuarial Assumptions:
Discount Rate 6.90%
Inflation 2.30%
Salary Increase Varies by Entry Age and Service
Mortality Rate
Derived using CalPERS' Membership
Data for all Funda
Post Retirement Benefit Increase
The Lesser of Contract COLA or 2.30% until
Purchasing Power Proection Allowance floor
on purchasing power applies, 2.30% thereafter
80 6.F.a
Packet Pg. 173 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
11. PENSION PLAN, Continued
C. Net Pension Liability, Continued
The mortality rate was developed based on CalPERS specific data. The rates incorporate Generational Mortality to capture ongoing mortality improvement using 80% of Scale MP 2020 published by the Society of Actuaries. For more details, refer to the 2021 experience study report that can be found on the CalPERS website.
Long-Term Expected Rate of Return
The long-term expected rate of return on pension plan investments was determined using a buildingblock method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.
In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations. Using historical returns of all of the funds’ asset classes, expected compound (geometric) returns were calculated over the next 20 years using a building-block approach.
The expected rate of return was then adjusted to account for assumed administrative expenses of 10 Basis points.
The expected real rates of return by asset class are as follows:
Asset Class (1)
Assumed Asset
Allocation Real Return (1,2)
Global Equity - Cap-weighted 30.00% 4.54%
Global Equity - Non-Cap-weighted 12.00% 3.84%
Private Equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed Securities 5.00% 50.00%
Investment Grade Corporates 10.00% 1.56%
High Yield 5.00% 2.27%
Emerging Market Debt 5.00% 2.48%
Private Debt 5.00% 3.57%
Real Assets 15.00% 3.21%
Leverage -5.00% -0.59%
100.00%
(2) Figures are based on the 2021 Asset Liability Management study. (1) An expected inflation of 2.30% used for this period. 81 6.F.a
Packet Pg. 174 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
11. PENSION PLAN, Continued
C. Net Pension Liability, Continued
Discount Rate
The discount rate used to measure the total pension liability as of the measurement date of June 30, 2022 for the Plan was 6.90%, which differs from the discount rate used as of the measurement date of June 30, 2021, of 7.15%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability. A detailed report testing these projections can be obtained from the CalPERS website.
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate - The following presents the net pension liability/(asset) of the Plan as of the measurement date, calculated using the discount rate of 6.90 percent, as well as what the net pension liability/(asset) would be if it were calculated using a discount rate that is 1 percentage-point lower (5.90 percent) or 1 percentage-point higher (7.90 percent) than the current rate:
Pension Plan Fiduciary Net Position - Detailed information about each pension plan's fiduciary net position is available in the separately issued CalPERS’ financial reports.
12. RISK MANAGEMENT (CIRA)
Risk Management
The City is exposed to various risk of losses related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The City currently reports all of its risk management activities in its Insurance and Benefit internal service fund.
Risk Pool Arrangements
The City is an associate member of the California Intergovernmental Risk Authority (CIRA), a public entity pool comprised of forty-nine northern California member cities/towns and one fire district. CIRA is organized under a Joint Powers Agreement pursuant to the California Government Code. The purpose of CIRA is to arrange and administer programs of insurance for the pooling of self-insured losses and to purchase excess insurance coverage and provide risk management services.
Discount Rate
- 1%
5.90%
Current Discount Rate
6.90%
Discount Rate
+1%
7.90%
Net Pension Liability 66,523,016 $ 45,450,854 $ 28,154,090 $ 82 6.F.a
Packet Pg. 175 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
12. RISK MANAGEMENT (CIRA), Continued
For each of its insurance programs, CIRA has a multilevel risk-sharing arrangement. Each individual member participating in a program initially assumes its own losses up to a predetermined deductible/retention level. Losses and claims in excess of the deductibles and within CIRA’s stated retention limits are paid out of a central pool maintained by CIRA. This central pool is funded by all of the participating members in that program through premiums and contributions. CIRA purchases excess loss insurance policies (reinsurance) to provide coverage for losses and claims in excess of CIRA’s stated retention limits up to specified amounts. Losses and claims ceded to reinsurers would represent a contingent liability to CIRA if the reinsurers were unable to meet their existing obligations under the reinsurance agreements. Losses and claims which surpass the limits of the excess of loss insurance policies are the responsibility of the individual City in which the loss or claim originates.
CIRA programs do not insure the losses resulting from events that occurred prior to July 1, 2021. Losses from March 1, 1993, the date on which the City became an associate member of REMIF, through June 30, 2021, are covered by the Redwood Empire Municipal Fund (REMIF).
Effective July 1, 2021, REMIF merged with the Public Agency Risk Sharing Authority of California (PARSAC) to form CIRA.
The City of Healdsburg participates in the following CIRA programs:
General Liability Insurance – Annual premiums are paid by the member cities and are adjusted retrospectively to cover costs. The City of Healdsburg self-insures for the first $5,000 of each loss and pays 100% of all losses incurred under $5,000. The City does not share or pay for the losses of other members within their deductible/retention levels. Participating members share in losses above their deductible/retention levels up to the pool retention level. Specific coverage includes comprehensive and general automotive liability, personal injury, contractual liability, professional liability, and certain other coverage. CIRA is a member of the Public Risk Innovation, Solution, and Management (PRISM) pool, which provides CIRA with an additional $39,000,000 liability insurance coverage over and above CIRA’s retention level of $1,000,000.
Worker’s Compensation – Contributions are paid by members and are adjusted retrospectively to cover costs. The City of Healdsburg is self-insured for the first $25,000 of each loss and pays 100% of all losses incurred under $25,000.
Losses about the member’s deductible/retention levels are shared among all members. Losses in excess of $1,000,000 are covered by excess insurance purchased by participating cities, as part of the pool, to State statutory limits.
Property Insurance – The City participates in CIRA’s property insurance program. The annual premiums paid by participating member cities are based on deductible levels and are not subject to retroactive adjustments. The City of Healdsburg has a deductible level of $10,000. The City purchases additional earthquake coverage.
83 6.F.a
Packet Pg. 176 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
12. RISK MANAGEMENT (CIRA), Continued
The City participates in Cyber Liability, Pollution Liability, Crime/Fidelity, and Deadly Weapons Response Coverage pass-through programs. Members are charged a premium for coverage, and each loss is subject to a member deductible. There is no risk-sharing component to these coverages.
The year-end financial statements and audit for CIRA are currently in process and once complete will be available online at www.cira-jpa.org.
The June 30, 2023 financial statements for REMIF are available online at www.remif.com. The assets of each pool remain separate from CIRA and those assets will be used to pay any liabilities of the respective organizations.
Changes in the Internal Service Funds claims liabilities amounts in fiscal year 2023, 2022, and 2021 were as follows:
The total claims liability of $297,985 includes the assessments of $237,985 and $60,000, Liability and Worker’s Compensation programs, respectively.
13. NORTHERN CALIFORNIA POWER AGENCY
Background
The City is a member of the Northern California Power Agency (NCPA), headquartered in Roseville, California. NCPA is a joint exercise of powers agency formed in 1968 under the Joint Exercise of Powers Act, Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California (the “Act”).
NCPA’s Members currently consist of twelve cities with publicly owned electric utility distribution systems, a public utility district, a city port department, a transit district and a rural electric cooperative as Members. Under the terms of the NCPA Joint Powers Agreement entered into by all Members, NCPA possesses the general powers to acquire, purchase, generate, transmit, distribute and sell electrical capacity and energy. Specific powers include the power to enter into contracts, acquire and construct electric generating facilities, issue revenue bonds and notes and acquire property by eminent domain.
The member Services Agreements, dated as of February 12, 1981, and the Facilities Agreement, dated as of September 22, 1993, provide for the development of projects undertaken by NCPA in three separate phases: (i) the initial phase of general investigation funded by NCPA’s general fund; (ii) the second phase whereby Members of NCPA electing to participate in the project execute a project agreement to provide for the cost of development of the project (now referred to as an “NCPA Project”); and (iii) the third phase 2023 2022 2021
Balance, beginning of fiscal year 390,404 $ 441,634$ 575,367$ Claims and adjustments 817,809 1,812,088 762,040
Claims payments (910,228) (895,773) (1,863,318)
Balance, end of fiscal year $ 297,985 390,404$ 441,634$ Due within one year 91,082$ 137,942$ 137,942$
Due in more than one year 206,903 $ 252,462$ 303,692$
84 6.F.a
Packet Pg. 177 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
13. NORTHERN CALIFORNIA POWER AGENCY, Continued
Organization and Management
during which all remaining aspects, including financing, construction and operation of the NCPA Project are undertaken.
NCPA’s governing body (the “Commission”) is composed of one representative from each Member, each such representative being designated a Commissioner. The Commission is given the general management of the affairs, property and business of NCPA and is vested with all powers of NCPA.
The management of NCPA is responsible for various areas of administration and planning of NCPA’s operations and affairs. The overall management is under the direction of NCPA’s General Manager, who serves at the discretion of the Commission. NCPA is organized into four separate divisions: (i) generation services, (ii) power management, (iii) legislative and regulatory, and (iv) administrative services.
Today, the organization is guided by an ethic of environmental stewardship, fiscal responsibility, and community service, coupled with a strong sense of mission to advance the state of the art in renewable energy. Each NCPA Member has agreed to fund a pro rata share of certain assessments by NCPA and enter into power supply contract with NCPA to purchase power in support of bearing the costs of NCPA operations, energy and facilities. While governed by its Members, none of NCPA’s obligations are those of its Members unless expressly assumed by them. As computed by NCPA amounts paid by the City to NCPA during the fiscal year ending June 30, 2023 were $9.2 million for electric power acquisition charges and are reported as an expense of the Electric Utility Fund.
Additionally, the NCPA Commission identified and approved the funding of specific reserves for working capital, accumulated employee’s post-retirement medical benefits, and billed property taxes for the geothermal project. The Commission also identified a number of contingent liabilities that may or may not be realized, the cost of which in most cases is difficult to estimate at this time. One such contingent liability is the steam filed depletion which will require funding to cover debt service and operational cost in excess of the expected value of the electric power. The General Operating Reserve (the “GOR”) is intended to minimize the number and amount of individual reserves needed for each project, protect NCPA’s financial condition and maintain its credit worthiness. These funds are available on demand, but the City has left them with NCPA as a reserve against these contingencies identified by NCPA. The City’s GOR balance as computed by NCPA was $5,765,802 as of June 30, 2023. The most recent estimated funding recommended by NCPA equaled $1,181,165.
NCPA Power Pool
The City is a member of a power pool operated by NCPA that also includes the following Members:
Alameda, Biggs, Gridley, Lodi, Lompoc, Palo Alto, Plumas Sierra Rural Electric Cooperative, the Port of Oakland and Ukiah (each, an “NCPA Pool Member”). The ten NCPA Pool Members’ service areas are connected to the CAISO-controlled grid. NCPA operates a central dispatch facility at NCPA’s headquarters. The Central Dispatch Center balances loads and resources pursuant to CAISO tariff rules, for the ten NCPA Pool Members, and Santa Clara.
85 6.F.a
Packet Pg. 178 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
13. NORTHERN CALIFORNIA POWER AGENCY, Continued
NCPA Geothermal Project
NCPA has developed a geothermal project (the “Geothermal Project”) located on federal land in certain areas of Sonoma and Lake Counties, California (the “Geysers Area”). NCPA formed two not-for-profit corporations controlled by its Members to own the generating plants of the Geothermal Project. NCPA manages the Geothermal Project for the corporations and is entitled to all the capacity and energy generated by the Geothermal Project.
Combustion Turbine Project
The original project consisted of five combustion turbine units, each nominally rated at approximately 25 megawatts. Concurrent with the final project bond maturity, two units located in Roseville were acquired by an NCPA member. The remaining project consists of two units in Alameda and one in Lodi. The project provides capacity during peak load periods and emergency capacity reserves. Excess capacity and energy from the project are also sold to other entities from time to time. The City is obligated to pay 3.5% of the debt service and operating costs.
Lodi Energy Center
The project is a 296 MW base load, combined cycle, natural gas-fired combustion turbine generating station (one gas turbine and one steam turbine) located in Lodi, California, next to the Capital Facilities Project discussed above. Pursuant to the Lodi Energy Center Power Sales Agreement, the NCPA agreed to operate the LEC and has sold all of the capacity and energy of the LEC to thirteen participants (including four non-members) in accordance with their respective Generation Entitlements Share (GES).
Each participant has agreed to unconditionally provide for its share of the operation and maintenance expenses and all capital improvements based on its GES.
Hydroelectric Project
The NCPA contracted to finance, manage, construct, and operate Hydroelectric Project Number One for the licensed owner, Calaveras County Water District. In exchange, the Agency has the right to the electric output of the project for 50 years from February 1982. The Agency also has an option to purchase power from the project in excess of the District's requirements for the subsequent Federal Energy Regulatory Commission project license term of 30 to 50 years.
As part of a refinancing plan in November 2004, the Agency entered into two forward starting interest rate swaps in an initial notional amount of $85,160,000 and $1,574,000. Payments under the swap agreements with Citigroup Financial Products, Inc. began on April 2, 2008. To complete the refinancing transaction and realize the debt service savings under the 2004 swap agreement, on April 2, 2008 the Agency completed a bond refunding of 2023 to 2032 maturities of the 1998 Hydroelectric Refunding Series A bonds. These fixed rate bonds were refinanced through the issuance of tax-exempt 2008 Hydroelectric Refunding Series A ($85,160,000) bonds and taxable 2008 Hydroelectric Refunding Series B ($3,165,000) bonds. Both issues were variable interest rate bonds bearing interest at weekly interest rates, payable semi‐annually on July 1 and January 1 each year.
86 6.F.a
Packet Pg. 179 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
13. NORTHERN CALIFORNIA POWER AGENCY, Continued
To support this financing, the NCPA entered into two irrevocable direct pay letter of credit agreements with Citibank that have since expired, being substituted with letters of credit with the Bank of Montreal in 2014. On April 30, 2019, the NCPA terminated the 2008 Hydroelectric, Series B swap with Citigroup, and on May 14, the outstanding principal of $910,000 on the 2008 Hydroelectric, Series B bonds was called for redemption. On June 24, 2019 the NCPA completed a Letter of Credit substitution for the 2008 Hydroelectric, Series A bonds replacing the Bank of Montreal with Bank of America. The Letter of Credit expires on June 21, 2024.
The remaining swap for the 2008 Hydroelectric Refunding Series A ($85,160,000) was a separate pay‐ fixed, receive-variable interest rate swap to produce savings or to result in lower costs over the life of the transaction than what the Agency would have paid using fixed‐rate debt. While the swap was a derivative instrument and carried additional risks, the Agency’s swap policy and favorable negotiations helped to reduce such risks.
On May 5, 2022, the Agency redeemed the outstanding 2008 Hydroelectric Refunding Series A variable rate bonds with proceeds from the 2022 Hydroelectric Refunding Series A fixed rate bonds. In conjunction with this redemption, NCPA terminated the remaining 2008 Hydroelectric Refunding Series A swap with Citigroup and made a swap termination payment fee of $11,928,000. The termination fee payment was funded with proceeds from the 2022 Hydroelectric Refunding Series B fixed rate bonds in addition to $630,322 paid directly by NCPA from the Hydroelectric Project revenue account. Concurrently, NCPA terminated the Letter of Credit with Bank of America.
The payment of principal and interest on the outstanding 2008 Hydroelectric Refunding Series A ($85,160,000) bonds are not covered by any financial guaranty insurance policies. This 2008 Hydroelectric Refunding and the associated interest rate swaps are estimated to have reduced project debt service by $11.8 million over the life of the debt providing the NCPA with an estimated economic gain (difference between the present values of the old and new debt service payments) of approximately $5.9 million. The actual total savings at the time of the variable rate bond redemption and the termination of the swap and letter of credit was $14,300,000.
The NCPA deferred the loss on the swap termination and recorded $11,928,000 in deferred outflows that will be amortized over the ten‐year life of the 2022 Hydroelectric Refunding Series B fixed rate bonds when the amounts will be recovered through rates.
As noted, the swap was terminated on May 5, 2022 and as a result, there was no remaining notional value or fair value due from (to) the counterparty at June 30, 2022.
NCPA Financial Information
NCPA’s financial statements are available on their website at www.ncpa.com. 87 6.F.a
Packet Pg. 180 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
14. OTHER POST-RETIREMENT PLAN
The City reports the following total OPEB liability as of the June 30, 2023 measurement date:
Description
The City’s defined benefit OPEB plan, (the Plan), provides OPEB for all eligible miscellaneous and public safety employees of the City. The plan is a single-employer defined benefit OPEB plan administered by the City. The benefit terms are defined in the applicable Memorandum’s of Understanding for each bargaining unit and may be amended by City Council. No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75. The City funds the benefits on a pay-as-you-go basis. No assets are accumulated in a trust.
At retirement, employees can elect to receive Blue Cross, Sutter, or Kaiser medical coverage through the City medical plan at the retiree’s expense. Retirees (service or disability retiring through CalPERS directly through the City who are age 50 or over and who have a minimum of 10 years of service) are eligible to obtain medical coverage. While the City does not directly contribute towards the cost of insurance premiums for retirees, the ability to obtain coverage at an active employee rate constitutes a significant economic benefit to the retirees, called an ‘implicit subsidy” under GASB Statement No. 75. Medical coverage is provided for the surviving spouse of retired employees and the surviving spouse of active employees who upon death had attained age 50 and who had a minimum of 10 years of service with a City. The Plan does not provide a publicly available financial report.
As of measurement date June 30, 2023, the following current and former employees were covered by the benefit terms under the Plan:
Contributions
The City’s adopted policy is to contribute an amount sufficient to pay the current fiscal year’s premium.
See above section “Description” for more information.
Governmental
Activities
Business-type
Activities Total
OPEB liability $ 715,442 $ 328,068 $ 1,043,510
Deferred outflows of resources $ 120,012 $ 55,031 $ 175,043 Deferred inflows of resources: $ 295,645 $ 135,568 $ 431,213 Active employees 139
Inactive employees or beneficiaries currently receiving benefits 17 156
88 6.F.a
Packet Pg. 181 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
14. OTHER POST-RETIREMENT PLAN, Continued
Total OPEB Liability
The City’s total OPEB liability was measured and determined based on the following dates, actuarial methods, and assumptions:
Discount Rate
The discount rate estimates investment earnings for assets earmarked to cover retiree health benefit liabilities. The discount rate depends on the nature of underlying assets for funded plans. The rate used for a funded plan is the real rate of return expected for plan assets plus long-term inflation assumption.
For an unfunded plan, the discount rate is based on an index of 20-year General Obligation municipal bonds. For partially funded plans, the discount rate is a blend of the funded and unfunded rates. The discount rate used to measure the total OPEB liability was 3.65 percent.
Changes in Total OPEB Liability
The Changes in the total OPEB liability were as follows:
Actuaial Assumptions:
Valuation Date June 30, 2022
Measurement Date June 30, 2023
Contribution Policy No pre-funding
Discount Rate 3.65% (Bond Buyer 20-Bond Index)
Inflation 2.50% annually
Salary Increases 2.75% per annum, in aggregate
Mortality Rate CalPERS 2000-2019 Experience Study
Mortality Improvement Mortality projected full generational with Scale MP-2021 Medical Trent 6.25% for 2024, decreasing to an ultimate rate of 3.75% in 2076 Healthecare Participation at Retirement Currently covered - 50% Currently waived - 0%
Total OPEB
Liability
Balance at June 30, 2022 (Measurement date) $ 1,000,245 Service Cost 44,669
Interest 36,570
Assumption Changes (14,231)
Benefit Payments (23,743)
Net Change during 2022-23 43,265
Balance at June 30, 2023 (Measurement date) $ 1,043,510 89 6.F.a
Packet Pg. 182 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
14. OTHER POST-RETIREMENT PLAN, Continued
Sensitivity to the total OPEB Liability to Changes in the Discount Rate and Healthcare Trend Rate The following presents the total OPEB liability of the City if it were calculated using discount rate that is one percentage point lower or one percentage point higher than the current rate:
The following presents the total OPEB liability of the City if it were calculated using healthecare cost trend rates that are one percentage point lower or one percentage point higher than the current healthcare cost trend rates:
Recognition of Deferred Outflows and Deferred Inflows of Resources and OPEB expense For the fiscal year ended June 30, 2023, the City recognized OPEB expense of $53,486. The City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:
1% Lower
(2.65%)
Current
Discount Rate
(3.65%)
1% Higher
(4.65%)
$ 1,043,510 1,183,032 $ 925,214 $
Total OPEB Liability
1% Lower
Current
Trend Rate 1% Higher
$ 1,043,510 899,483 $ 1,219,553 $
Total OPEB Liability
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Changes in assumption $ 175,043 $ 248,509
Differences between expected
and actual experience - 182,704
Total $ 175,043 $ 431,213
90 6.F.a
Packet Pg. 183 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
14. OTHER POST-RETIREMENT PLAN, Continued
Recognition of Deferred Outflows and Deferred Inflows of Resources and OPEB expense, Continued Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB and will be recognized as pension expense as follows:
15. COMMITMENTS AND CONTINGENCIES
There are pending claims and litigation against the City, which are considered normal to the City’s operation. City management is of the opinion that potential claims against the City not covered by insurance resulting from such litigation would not materially affect the basic financial statements of the City beyond funded reserves.
The City has entered into long-term electric power purchase generation assets and electric transmission contracts. These contracts were entered into by NCPA on behalf of various members (see Note 13) including the City. Under the terms of its NCPA joint venture agreement, the City is contingently liable for a portion of the bonded indebtedness issued by these agencies under take-or-pay or similar agreements. The City’s estimated share of such debt outstanding at June 30, 2023 was $8.8 million.
Under certain circumstances, such as default or bankruptcy of other participants, the City may also be liable to pay a portion of the debt of these joint ventures on behalf of the other participants.
California-Oregon Transmission Project
The City is a member of the Transmission Agency of Northern California (TANC), a California joint powers agency. TANC, a combination of cities, Western Area Power Administration, and four other California Districts and authorities are participants in the California-Oregon Transmission Project (COTP). The COTP is a transmission project between southern Oregon and Central California. COTP provides a transmission path between the electric systems of the Pacific Northwest and those in California. The City’s share is 0.2456%. Each member of TANC is responsible for developing its own uses for its share of the COTP transfer capability
For the
Fiscal Year
Ending June 30
Recognized Net
Deferred Outflows
(Inflows) of Resources
2024 (27,753) $
2025 (27,753)
2026 (27,753)
2027 (26,753)
2028 (23,753)
Thereafter (122,405)
Total (256,170) $
91 6.F.a
Packet Pg. 184 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
15. COMMITMENTS AND CONTINGENCIES, Continued
Western Area Power Administration
In addition to commitments for power acquisitions through NCPA, the City has entered into a contract with the Western Area Power Administration (Western). Western is a federal Power Management Agency of the U.S. Department of Energy, which among other things is responsible for marketing electricity generated by the Central Valley Project. The contract with Western was renewed for the period January 1, 2005 through December 31, 2024. The City is actively seeking and new contract with Western to acquire power from 2025 through 2054.
Construction Commitments
The estimated amount of remaining construction contract obligations at fiscal year-end is $497,804.
16. NET POSITION AND FUND BALANCES
GASB Statement No. 34, modified by GASB Statement No. 63, adds the concept of Net Position, which is measured on the full accrual basis, to the concept of Fund Balance, which is measured on the modified accrual basis.
Net Position
Net position is divided into three captions under GASB Statement No. 34. These captions apply only to net position as determined at the government-wide level, and are described below:
Net Investment in Capital Assets describes the portion of net assets which is represented by the current net book value of the City’s capital assets, less the outstanding balance of any debt issued to finance these assets.
Restricted describes the portion of net position which is restricted as to use by the terms and conditions of agreements with outside parties, governmental regulations, laws, or other restrictions which the City cannot unilaterally alter. These principally include debt service requirements, and redevelopment funds restricted to low and moderate income housing purposes.
Unrestricted describes the portion of net position which is not restricted as to use. 92 6.F.a
Packet Pg. 185 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
16. NET POSITION AND FUND BALANCES, Continued
Fund Balances
Fund balance is classified as nonspendable, restricted, committed, assigned, and/or unassigned based primarily on the extent to which the City is bound to observe constraints imposed upon the use of the resources in the government funds. The constraints placed on fund balance for the major governmental funds and all other governmental funds are presented as follows:
Fund Balances General
Community
Services
Streets
Capital
Project Fund
Nonmajor
Governmental
Funds Total
Nonspendable:
Prepaid expenditures $5,843 $ - $ - $ $5,843 -
Inventory - 10,012 - 10,012 -
Legally Contractually required
to be maintained intact - - 277,974 - 277,974
Total Nonspendable 5,843 10,012 - 277,974 293,829
Restricted for:
Lighting and landscaping - - 338,054 - 338,054
Community services 4,262,395 - 1,182,095 - 5,444,490
Affordable housing 2,263,704 - 6,915,498 - 9,179,202
Parking expansion - - 410,878 - 410,878
Public safety 9,763 - 104,125 - 113,888
Pension rate stabilization 4,636,083 454,953 177,120 5,268,156 - L&M Village 287,037 - - 287,037 -
Tree mitigation - - - - -
Streets and roads - 210,835 - 1,138,374 1,349,209
Strong motion - - - 6,925 6,925
Deb service - - 165,391 - 165,391
Total Restricted 7,196,587 4,717,348 387,955 10,261,340 22,563,230 Assigned for:
General plan update 325,919 - - 325,919 -
Total Assigned 325,919 - - 325,919 -
Unassigned 8,763,606 - (13,338) - 8,750,268
Total Fund Balances $ 16,291,955 $ 397,967 4,717,348 $ $ 10,525,976 $ 31,933,246 93 6.F.a
Packet Pg. 186 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
17. SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY On December 29, 2011, the California Supreme Court upheld Assembly Bill 1X 26 (“the Bill”) that provides for the dissolution of all redevelopment agencies in the State of California. This action impacted the reporting entity of the City of Healdsburg that previously had reported a redevelopment agency within the reporting entity of the City as a blended component unit.
The Bill provides that upon dissolution of a redevelopment agency, either the city or other unit of local government will agree to serve as the “successor agency” to hold the assets until they are distributed to other units of state and local government. On January 17, 2012, the City Council elected to become the Successor Agency for the former redevelopment agency in accordance with the Bill as part of the City resolution number 12.
After enactment of the law, which occurred on June 28, 2011, redevelopment agencies in the State of California cannot enter into new projects, obligations or commitments. Subject to the control of a newly established oversight board, remaining assets can only be used to pay enforceable obligations in existence as the date of the dissolution (including the completion of any unfinished projects that were subject to legally enforceable contractual commitments).
In future fiscal years, successor agencies will only be allocated revenue in the amount that is necessary to pay the estimated annual installment payments on enforceable obligations of former redevelopment agency until all enforceable obligations of the prior redevelopment agency have been paid in full and all assets have been liquidated.
The Bill directs the State Controller of the State of California to review the propriety of any transfers of assets between redevelopment agencies and other public bodies that occurred after January 1, 2011. If the public body that received such transfers is not contractually committed to a third party for the expenditure or encumbrance of those assets, the state Controller is required to order the available assets to be transferred to the public body designated as the successor agency by the Bill.
Management believes, in consultation with legal counsel, that the obligations of the former redevelopment agency due to the City are valid enforceable obligations payable by the successor agency trust under the requirements of the Bill. The City’s position on this issue is not a position of settled law and there is considerable legal uncertainty regarding this issue. It is reasonably possible that a legal determination may be made at a later date by an appropriate judicial authority that would resolve this issue unfavorably to the City.
In accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on December 29, 2011) all redevelopment agencies in the State of California were dissolved and ceased to operate as a legal entity as of February 1, 2012.
Prior to that date, the final seven months of activity of the redevelopment agency continued to be reported in the governmental funds of the City. After the date of dissolution, the assets and activities of the dissolved redevelopment agency are reported in a fiduciary fund (private-purpose trust fund) in the financial statements of the City.
94 6.F.a
Packet Pg. 187 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
17. SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY, Continued The transfer of the assets and liabilities of the former redevelopment agency as of February 1, 2012 (effectively the same date as January 31, 2012) from governmental funds of the City to fiduciary funds was reported in the governmental funds as an extraordinary loss (or gain) in the governmental fund financial statements. The receipt of these assets and liabilities as of January 31, 2012 was reported in the private-purpose trust fund as an extraordinary gain (or loss).
Because of the different measurement focus of the governmental funds (current financial resources measurement focus) and the measurement focus of the trust funds (economic resources measurement focus), the extraordinary loss (gain) recognized in the governmental funds was not the same amount as the extraordinary gain (loss) that was recognized in the fiduciary fund financial statements.
Capital asset activities for the fiscal year ended June 30, 2023 were as follows:
The following is a schedule of long-term liabilities for the fiscal year ended June 30, 2023:
Fiduciary Activities:
Balance at
July 1, 2022 Additions Deletions
Balance at
June 30, 2023
Capital assets, not being depreciated:
Land 528,300 $ -$ $ 528,300 - $
Total Capital Assets, not being depreciated 528,300 528,300 Fiduciary activities capital assets, net 528,300 $ -$ $ 528,300 - $ Balance at
July 1, 2022 Additions Reductions
Balance at
June 30, 2023
Due Within
One Year
2022 Series B 935,000 $ -$ (75,000) $ $ 860,000 80,000$ 2014 Series A 6,764,300 - (577,200) 6,187,100 599,000
2014 Series B 2,660,300 - (228,600) 2,431,700 235,400
2015 Series A 6,641,700 - (464,700) 6,177,000 468,200
2015 Series B 3,147,700 - (267,500) 2,880,200 273,700
2017 Refunding 14,875,000 - (695,000) 14,180,000 740,000 Unamortized bond premium 2,036,071 - (156,621) 1,879,450 - Total other Long-term debt $ 37,060,071 $ (2,464,621) - $ $ 34,595,450 $ 2,396,300 95 6.F.a
Packet Pg. 188 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
17. SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY, Continued A. 2002 Series B
In August 2004, the Agency issued $1,800,000 Series B 2002 Tax Allocation Bonds. The Bonds were issued for the purpose of providing funds to finance the construction of the Alliance Medical Clinic, which the Agency determined is a benefit to the Sotoyome Project Area. Interest on the bonds is at
4.75% with semiannual debt service payments due February 1 and August 1, with principal maturing annually August 1, 2005 through 2031. Upon and during the continuance of an event of default, the principal of and interest accrued on all bonds may be declared to be due and payable immediately. Debt service payments will be made from tax increment revenue received by the Trust. Future debt service on these bonds is as follows:
B. 2014 Series A and B
In May 2014, the Successor Agency issued $10,876,000 in 2014 Tax Allocation Refunding Bonds, Series A, to refund the outstanding 2002 Tax Allocation Bonds, Series A (current refunding). Proceeds from the 2014 Series A bonds were used to refund in full the 2002 Series A bonds, to establish a reserve fund, and to pay costs of issuance. As a result, the 2002 Series A bonds are considered defeased and the liability has been removed from these financial statements.
In May 2014, the Successor Agency issued $4,279,400 in 2014 Tax Allocation Refunding Bonds, Series B, to refund the outstanding 2002 Tax Allocation Bonds, Series C (current refunding). Proceeds from the 2014 Series B bonds were used to refund in full the 2002 Series C bonds, to establish a reserve fund, and to pay costs of issuance. As a result, the 2002 Series C bonds are considered defeased. Interest on the bonds is set at 3.4% with semi-annual debt service payments due on February 1 and August 1 of each year, with principal maturing annually August 1, 2014 through 2031. Upon and during the continuance of an event of default, the principal of and interest accrued on all bonds may be declared to be due and payable immediately.
Fiscal Year Principal Interest Total
2024 80,000 $ 38,950 $ 118,950 $
2025 80,000 35,150 115,150
2026 85,000 31,231 116,231
2027 90,000 27,075 117,075
2028 95,000 22,681 117,681
2029-2033 430,000 42,038 472,038
Totals 860,000 $ $ 197,125 $ 1,057,125
2002 Tax Allocation Bond Series B
96 6.F.a
Packet Pg. 189 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
17. SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY, Continued B. 2014 Series A and B, Continued
Debt service payments will be made from tax increment revenue received by the Trust. The following represents the future minimum debt service requirements:
C. 2015 Series A and B
In January 2015, the Successor Agency issued $9,568,200 in 2015 Tax Allocation Refunding Bonds, Series A, and $4,750,800 in 2015 Tax Allocation Refunding Bonds, Series B, to refund the outstanding 2003 Tax Allocation Bonds, Series A and B (current refunding). Interest on the 2015 bonds is 4.25% with semiannual debt service payments due on February 1 and August 1 of each year, with principal maturing annually August 1, 2015 through 2031. Upon and during the continuance of an event of default, the principal of and interest accrued on all bonds may be declared to be due and payable immediately.
Fiscal Year Principal Interest Total
2024 599,000 $ $ 200,178 $ 799,178
2025 619,400 179,466 798,866
2026 639,000 158,073 797,073
2027 662,600 135,946 798,546
2028 685,300 113,031 798,331
2029-2033 2,981,800 207,165 3,188,965
Totals 6,187,100 $ $ 993,859 $ 7,180,959
Fiscal Year Principal Interest Total
2024 235,400 $ $ 78,676 $ 314,076
2025 241,600 70,567 312,167
2026 252,500 62,167 314,667
2027 263,100 53,402 316,502
2028 268,200 44,370 312,570
2029-2033 1,170,900 1,252,288 81,388
Totals 2,431,700 $ $ 390,570 $ 2,822,270
2014 Tax Allocation Bond Series A
2014 Tax Allocation Bond Series B
97 6.F.a
Packet Pg. 190 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
17. SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY, Continued C. 2015 Series A and B, Continued
Future debt service payments will be made from tax increment revenue received by the Trust, and is as follows:
D. 2017 Tax Allocation Refunding Bonds
In December 2017, the Successor Agency issued $17,150,000 in 2017 Tax Allocation Refunding Bonds to refund the outstanding 2010 Tax Allocation Bonds (advanced refunding). Proceeds from the 2017 Bonds were used to refund in full the 2010 Bonds and to pay issuance costs. As a result, the 2010 bonds are considered defeased and the liability has been removed from these financial statements. As of June 30, 2018, $21,103,793 was held in escrow to refund the 2010 Bonds. Interest on the 2017 bonds ranges from 2% to 5% with semi-annual debt service payments due on February 1 and August 1 of each year, with principal maturing annually August 1, 2018 through 2034.
The Successor Agency refunded the 2010 Bonds to reduce total debt service by approximately $3.6 million, and to obtain an economic gain (difference between the present values of the debt service payments on the old and new debt) of approximately $3 million. Upon and during the continuance of an event of default, the principal of and interest accrued on all bonds may be declared to be due and payable immediately.
Fiscal Year Principal Interest Total
2024 468,200 $ 252,573 $ 720,773 $
2025 481,300 232,396 713,696
2026 493,800 211,675 705,475
2027 740,500 185,447 925,947
2028 762,600 153,506 916,106
2029-2033 3,230,600 276,140 3,506,740
Totals 6,177,000 $ 1,311,736 $ 7,488,736 $
Fiscal Year Principal Interest Total
2024 273,700 $ 116,592 $ 390,292 $
2025 289,500 104,624 394,124
2026 294,800 92,208 387,008
2027 304,800 79,467 384,267
2028 319,200 66,207 385,407
2029-2033 1,398,200 122,124 1,520,324
Totals 2,880,200 $ 581,222 $ 3,461,422 $
2015 Tax Allocation Bond Series A
2015 Tax Allocation Bond Series B
98 6.F.a
Packet Pg. 191 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Basic Financial Statements
For the Year Ended June 30, 2023
17. SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY, Continued D. 2017 Tax Allocation Refunding Bonds, Continued
Future debt service payments will be made from tax increment revenue received by the Trust, and is as follows:
Fiscal Year Principal Interest Total
2024 740,000 $ $ 648,250 $ 1,388,250
2025 785,000 610,125 1,395,125
2026 835,000 569,625 1,404,625
2027 645,000 532,625 1,177,625
2028 685,000 499,375 1,184,375
2029-2033 6,140,000 1,903,175 8,043,175
2034-2036 4,350,000 134,050 4,484,050
Totals 14,180,000 $ $ 4,897,225 $ 19,077,225
2017 Tax Allocation Refunding Bond
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Packet Pg. 193 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
REQUIRED
SUPPLEMENTARY INFORMATION
101
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Packet Pg. 195 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual General Fund
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Property taxes 4,710,919 $ 4,799,482 $ 4,963,741 $ 164,259 $ Sales and other taxes 12,624,950 12,716,950 12,559,758 (65,192) Development fees 348,333 348,333 461,913 113,580
Intergovernmental 3,651,157 3,620,433 1,352,570 (2,298,587) Fines and forfeitures 54,000 27,000 33,477 6,477
Licenses and permits 1,525,236 1,585,236 1,674,828 89,592 Use of money and property 187,024 187,024 411,265 224,241 Charges for services 565,911 565,911 984,616 418,705
Other, donations, and reimbursements 188,432 354,095 622,216 268,121 Total revenues 23,917,238 24,143,188 23,064,384 (1,078,804) EXPENDITURES:
Current:
General government 11,316,261 7,645,563 7,149,723 495,840 Public safety 12,434,395 12,596,019 12,471,629 124,390
Community development 1,933,276 1,494,466 1,254,356 240,110 Total expenditures 25,683,932 21,736,048 20,875,708 860,340
REVENUES OVER (UNDER)
EXPENDITURES (1,766,694) 2,407,140 2,188,676 (218,464)
OTHER FINANCING SOURCES (USES):
Transfers in 6,005,842 3,483,120 199,112 (3,284,008)
Transfers out (8,991,127) (4,931,118) (1,606,710) 3,324,408 Total other financing sources (uses) (2,985,285) (1,447,998) (1,407,598) 40,400 Net change in fund balances $ (4,751,979) $ 959,142 781,078 $ (178,064) FUND BALANCES:
Beginning of year 15,510,877
End of year $ 16,291,955
Budgeted Amounts
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Packet Pg. 196 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Community Services
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Sales and other taxes 7,991,602 $ 7,611,602 $ 7,170,135 $ (441,467) $ Intergovernmental 205,000 205,000 232,694 27,694
Use of money and property 26,220 26,220 28,393 2,173
Charges for services 510,900 510,900 1,239,308 728,408
Other, donations, and reimbursements 1,375,374 628,165 997,134 368,969 Total revenues 10,109,096 8,981,887 9,667,664 685,777
EXPENDITURES:
Current:
Community services 10,691,032 7,699,493 7,434,282 265,211 Total expenditures 10,691,032 7,699,493 7,434,282 265,211
REVENUES OVER (UNDER)
EXPENDITURES (581,936) 1,282,394 2,233,382 950,988
OTHER FINANCING SOURCES (USES):
Transfers in 1,628,611 313,306 (313,306) -
Transfers out (2,015,482) (1,786,888) (1,484,769) 302,119 Total other financing sources (uses) (386,871) (1,473,582) (1,484,769) (11,187) Net change in fund balances $ (968,807) $ (191,188) 748,613 $ 939,801 FUND BALANCES:
Beginning of year 3,968,735
End of year $ 4,717,348
Budgeted Amounts
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Packet Pg. 198 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Required Supplementary Information
For the year ended June 30, 2023
Schedule of the Local Government’s Proportionate Share of the Net Pension Liability – Last 10 Years*
Miscellaneous
Measurement Date 6/30/2014 6/30/2015 6/30/2016 6/30/2017 proportion of the Net pension liability 0.28460% 0.33530% 0.33897% 0.33985% proportionate share of the net pension
liability $ 17,713,031 $ 23,014,464 $ 29,331,189 $ 33,703,985 Plan's covered payroll $ 7,808,757 $ 8,299,645 $ 9,243,834 $ 9,958,349 Plan's proportionate share of
the net pension liability as percentage
of its covered payroll 226.84% 277.29% 317.31% 338.45%
Fiduciary net position as a percentage of
the
total pension liability 82.46% 77.62% 72.92% 71.61%
Notes to the schedule:
*Fiscal year 2015 was the 1st year of implementation, therefore only nine years are shown.
Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after the June 30, 2016 valuation date. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).
Changes in Assumptions: The CalPERS discount rate was increased from 7.5% to 7.65% in fiscal year 2016, decreased from 7.65% to 7:15% in fiscal year 2018, and then decreased from 7.15% to 6.9% in fiscal year 2023 The CalPERS mortality assumptions were adjusted in fiscal year 2019 106
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Packet Pg. 199 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022
0.34843% 0.35464% 0.36105% 0.46138% 0.39349%
$ 33,575,940 $ 36,340,001 $ 39,284,228 $ 24,952,824 $ 45,450,854 $ 10,170,288 $ 11,027,420 $ 14,438,000 $ 16,188,697 $ 16,715,521 330.14% 329.54% 272.09% 154.14% 271.91%
72.96% 72.41% 71.82% 69.89% 76.68%
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Packet Pg. 200 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Required Supplementary Information
For the year ended June 30, 2023
Schedule of Pension Plan Contributions - Last 10 Fiscal Years* Miscellaneous
Fiscal Year Ended 2015 2016 2017 2018
Contractually Required Contributions 1,707,064 $ $ 2,208,239 $ 2,494,953 $ 2,791,313 Contributions in relation to actuarially
Determined contributions (1,707,064) (2,208,239) (2,494,953) (2,791,313) Contribution deficiency (excess) $ - $ - $ - $ -
Covered payroll $ 8,299,645 $ 9,243,834 $ 9,958,349 $ 10,170,288 Contributions as a percentage of
covered payroll 20.57% 23.89% 25.05% 27.45%
Notes to Schedule:
Methods and assumptions used to determine contribution rates:
Valuation date 6/30/2020
Actuarial cost method Entry age
Amortization method Level percentage of payroll, closed Asset valuation method Market value
Inflation 2.50%
Salary increase Depending on age, service, and type of employment Investment rate of return 7.00%
Retirement age Depending on age, service, and type of employment Mortality Based on mortality rates resulting from the most recent CalPERS Experience Study adopted by the CalPERS Board
*Fiscal year 2015 was the 1st year of implementation, therefore only seven years are shown. 108
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Packet Pg. 201 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) 2019 2020 2021 2022 2023
$ 3,263,776 $ 3,824,645 $ 3,321,038 $ 4,808,270 $ 5,068,606 (3,263,776) (3,824,645) (3,321,038) (4,808,270) (5,068,606) $ - $ - $ - $ - $ -
$ 14,438,000 11,027,420 $ 16,188,697 $ 16,715,521 $ 17,847,293 $
29.60% 26.49% 20.51% 28.77% 28.40%
109
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Packet Pg. 202 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Required Supplementary Information
For the year ended June 30, 2023
Schedule of the Change in Net OPEB Liability and Related Ratios - Last 10 Fiscal Years Measruement Date 6/30/2018 6/30/2019 6/30/2020 6/30/2021
TOTAL OPEB LIABILITY
Service cost 52,000 $ 51,000 $ 56,673 $ 70,471 $
Interest on the Total OPEB Liability 33,000 36,000 37,159 29,725 Difference between Expected and Actual
Experience - - (31,683) -
Changes of Assumptions (39,000) 53,000 220,458 10,405
Benefit payments (15,000) (16,000) (16,000) (10,000)
Net change in the total OPEB liability 31,000 124,000 266,607 100,601 Total OPEB liability - beginning 858,000 889,000 1,013,000 1,279,607 Total OPEB liability - ending (a) $ 889,000 $ 1,013,000 $ 1,279,607 $ 1,380,208 Plan Fiduciary Net Position as
a Percentage of the Total OPEB Liability n/a n/a n/a n/a Covered employee payroll1 $ 11,027,420 10,170,288 $ 14,438,000 $ 16,188,697 $ Net OPEB liability as a percentage of covered
payroll 8.74% 9.19% 8.86% 8.53%
Notes to the Schedule:
Changes in Assumptions:
For fiscal year ended June 30, 2018, the discount rate changed from 3.58% to 3.87% For fiscal year ended June 30, 2020, the discount rate changed from 3.50% to 2.21% For fiscal year ended June 30, 2019, the discount rate changed from 3.87% to 3.50% For fiscal year ended June 30, 2021, the discount rate changed from 2.21% to 2.16% For fiscal year ended June 30, 2022, the discount rate changed from 2.16% to 3.54% Mortality improvement scale was updated to Scale MP-2021 *Fiscal year 2018 was the first year of implementation, therefore only five years are shown. 110
6.F.a
Packet Pg. 203 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) 6/30/2022 6/30/2023
$ 73,355 $ 44,669
31,288 36,570
(201,375) -
(273,231) (14,231)
(10,000) (23,743)
(379,963) 43,265
1,380,208 1,000,245
$ 1,000,245 $ 1,043,510
n/a n/a
$ 16,715,251 $ 17,847,293
5.98% 5.85%
111
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Packet Pg. 204 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Notes to Required Supplementary Information
For the year ended June 30, 2023
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Budgetary Data
• Governmental Activities
• Business-Type Activities
Budgets and Budgetary Accounting
1. Prior to June 30 of each fiscal year, the City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the following July 1. The operating budget includes proposed expenditures and the means of financing them.
2. Public hearings are conducted at the City Hall to obtain citizen input.
3. Prior to July 1, the budget is adopted through passage of a resolution and is not included herein but is published separately.
4. The City Manager is authorized to transfer budgeted amounts between departments within any fund. However, any revision that increases the total appropriations of any fund must be approved by the City Council. The appropriated budget is prepared by fund, function, and department.
5. Formal budgetary integration is employed as a management control device during the fiscal year for all funds.
6. Budgets for General, Special Revenue, Debt Service, and Capital Projects Funds are adopted on a basis consistent with accounting principles generally accepted in the United States of America.
7. The City does not formally adopt budgets for the North Area, Park Development fees, Parking Impact Fees, and Misc. Projects non-major governmental funds.
8. The City does not formally adopt budgets for the permanent fund.
Through the budget, the City Council sets the direction of the City, allocates its resources and establishes its priorities.
The Annual Budget assures the efficient and effective uses of the City’s economic resources, as well as establishing that the highest priority objectives are accomplished.
The Annual Budget serves from July 1 to June 30, and is a vehicle that accurately and openly communicates these priorities to the community, businesses, vendors, employees, and other public agencies. Additionally, it establishes the foundation of effective financial planning by providing resource planning, performance measures and controls that permit the evaluation and adjustment of the City’s performance.
The City collects and records revenue and expenditures within the following categories:
The Governmental Funds include the General Fund, Special Revenue, Debt Service, and Capital Projects funds. All funding sources are kept separate for both reporting and the use of money. The General Fund is where most City services are funded that are not required to be segregated.
The City uses the following procedures in establishing the budgetary data reflected in the financial statements:
112
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Packet Pg. 205 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
SUPPLEMENTARY INFORMATION
113
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Packet Pg. 207 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Streets
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Sales and other taxes 141,469 $ 141,469 $ 141,510 $ 41 $ Development fees - - 202,415 202,415
Intergovernmental 92,639 30,000 449,281 356,642
Use of money and property 13,797 13,797 34,917 21,120
Charges for services - - (691) (691)
Other, donations, and reimbursements 335,599 935,000 262,786 (72,813) Total revenues 583,504 1,120,266 1,090,218 506,714
EXPENDITURES:
Current:
Streets and roads 2,299,364 5,965,525 2,265,947 33,417
Total expenditures 2,299,364 5,965,525 2,265,947 33,417
REVENUES OVER (UNDER)
EXPENDITURES (1,715,860) (4,845,259) (1,175,729) 540,131 OTHER FINANCING SOURCES (USES):
Transfers in 3,439,233 1,107,161 1,107,146 (15)
Transfers out (17,857) (17,857) (17,857) -
Total other financing sources (uses) 3,421,376 1,089,304 1,089,289 (15) Net change in fund balances $ (1,423,883) $ (626,556) (86,440) $ 540,116 FUND BALANCES:
Beginning of year 484,407
End of year $ 397,967
Budgeted Amounts
115
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Packet Pg. 208 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
ASSETS
Cash and investments 1,057,350 $ 1,662 $ 7,892 $ 108,398 $ Cash and investments with fiscal agents - - - -
Accounts receivable - 53,300 - -
Loans and notes receivable - - - -
Interest receivable 3,421 - 26 -
Intergovernmental receivable 69,685 - - -
Total assets $ 54,962 1,130,456 $ 7,918 $ 108,398 $
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable and accrued liabilities - $ - $ - $ 318 $ Due to other funds - 15,000 - -
Deposits payable - - - 3,955
Unearned revenue - 53,300 - -
Total liabilities 68,300 - - 4,273
Deferred Inflows of Resources
Unavailable revenue - interest - - - -
Total deferred inflows of resources - - - -
Fund Balances:
Nonspendable - - - -
Restricted 1,130,456 7,918 - 104,125
Committed - - - -
Assigned - - - -
Unassigned (13,338) - - -
Total fund balances 1,130,456 (13,338) 7,918 104,125
Total liabilities, deferred inflows of
resources and fund balances $ 1,130,456 $ 54,962 $ 7,918 $ 108,398 Gas Tax North Area
Benjamin
Way
Maintenance
District
Special Revenue Funds
Public Safety
116
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Packet Pg. 209 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) $ 344,997 6,903 $ - $ 1,106,339 $ 423,763 $ 135,200 $ 60,691 $ - - - - - - -
6,280 - 9,595 4,114 - 18,394 -
- - - - - 8,542,046 -
1,127 22 - 3,579 1,371 - -
- - - - - - -
$ 352,404 6,925 $ 9,595 $ 1,114,032 $ 425,134 $ 8,695,640 $ 60,691 $ $ 14,350 - $ - $ - $ 14,256 $ 596 $ - $
- - 2,223 - - - -
- - - - - - -
- - - - - - -
14,350 - 2,223 - 14,256 596 -
- - - - - 1,779,546 -
- - - - 1,779,546 - -
- - - - - - -
6,925 338,054 7,372 1,114,032 410,878 6,915,498 60,691
- - - - - - -
- - - - - - -
- - - - - - -
6,925 338,054 7,372 1,114,032 410,878 6,915,498 60,691
$ 6,925 $ 352,404 $ 9,595 $ 1,114,032 $ 425,134 $ 8,695,640 $ 60,691 Area A
Lighting and
Landscaping Media Center
Park
Development
Fees
Parking
Impact Fees
Housing
Successor
Agency
Opiod
Settlement
Special
Revenue
Special Revenue Funds Fund
Strong
Motion
Education
and Data
117
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Packet Pg. 210 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Total Nonmajor
Governmental
Funds
ASSETS
Cash and investments - $ - $ 165,747 $ 3,418,942 $
Cash and investments with fiscal agents 277,974 - - 277,974 Accounts receivable - - - 91,683
Loans and notes receivable - - - 8,542,046
Interest receivable - - - 9,546
Intergovernmental receivable - - - 69,685
Total assets $ - 277,974 $ 165,747 $ 12,409,876 $
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable and accrued liabilities - $ - $ - $ 29,520 $ Due to other funds - - - 17,223
Deposits payable - - 356 4,311
Unearned revenue - - - 53,300
Total liabilities - - 356 104,354
Deferred Inflows of Resources
Unavailable revenue - interest - - - 1,779,546
Total deferred inflows of resources - - - 1,779,546
Fund Balances:
Nonspendable 277,974 - 277,974 -
Restricted - 165,391 - 10,261,340
Committed - - - -
Assigned - - - -
Unassigned - - (13,338) -
Total fund balances 277,974 165,391 - 10,525,976
Total liabilities, deferred inflows of
resources and fund balances $ 277,974 $ 165,747 - $ $ 12,409,876 General Debt
Service
Capital
Projects Fund
Debt Service
Fund
Permanent
Fund
Senior Trust
Center Misc. Projects
118
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119
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Packet Pg. 212 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds
For the year ended June 30, 2023
REVENUES:
Property taxes - $ - $ - $ - $
Development fees - - - -
Intergovernmental - 544,949 - -
Use of money and property - 19,528 169 -
Other, donations, and reimbursements - - - -
Total revenues - 564,477 169 -
EXPENDITURES:
Current:
Public safety - - - 2,411
Streets and roads - 2,700 - -
Community development - - - -
Debt service:
Principal retirement - - - -
interest and fiscal charges - - - -
Total expenditures - 2,700 - 2,411
REVENUES OVER (UNDER)
EXPENDITURES - 561,777 169 (2,411)
OTHER FINANCING SOURCES (USES):
Transfers in - - - -
Transfers out - (390,301) - -
Total other financing sources (uses) - (390,301) - -
Special item - - - -
Net change in fund balances 171,476 - 169 (2,411)
FUND BALANCES:
Beginning of year 958,980 (13,338) 7,749 106,536
End of year $ 1,130,456 $ (13,338) $ 7,918 $ 104,125
Special Revenue Funds
Gas Tax North Area
Benjamin
Way
Maintenance
District Public Safety
120
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Packet Pg. 213 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) $ 248,583 - $ - $ - $ - $ - $ - $
- - 91,663 - 27,014 - -
- - - - - - -
127 5,971 23,965 - 9,721 28,506 -
926 38,559 - - - 60,691 -
1,053 254,554 38,559 115,628 36,735 28,506 60,691
- - - - - - -
- - - - - - -
215,732 - - 31,888 - 996 -
- - - - - - -
- - - - - - -
215,732 - - 31,888 - 996 -
1,053 38,822 38,559 115,628 4,847 27,510 60,691
- 17,106 - - - - -
(2,833) - (40,000) - - - -
14,273 - (40,000) - - - -
- - - - - - -
1,053 53,095 (1,441) 115,628 4,847 27,510 60,691
5,872 284,959 8,813 998,404 406,031 6,887,988 -
$ 6,925 $ 338,054 $ 7,372 $ 1,114,032 $ 410,878 $ 6,915,498 $ 60,691 Media Center
Park
Development
Fees
Parking
Impact Fees
Housing
Successor
Agency
Special
Revenue
Fund
Opiod
Settlement
Special Revenue Funds
Strong
Motion
Education
and Data
Area A
Lighting and
Landscaping
121
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Packet Pg. 214 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds
For the year ended June 30, 2023
Total Nonmajor
Governmental
Funds
REVENUES:
Property taxes - $ - $ - $ 248,583 $
Development fees - - - 118,677
Intergovernmental - - - 544,949
Use of money and property 442 29,693 1 118,123
Other, donations, and reimbursements - 100 - 100,276
Total revenues 442 29,793 1 1,130,608
EXPENDITURES:
Current:
Public safety - - - 2,411
Streets and roads - - - 2,700
Community development - 4,258 - 252,874
Debt service:
Principal retirement - - 1,809,664 1,809,664
interest and fiscal charges - - 36,053 36,053
Total expenditures - 4,258 1,845,717 2,103,702
REVENUES OVER (UNDER)
EXPENDITURES 442 25,535 (1,845,716) (973,094)
OTHER FINANCING SOURCES (USES):
Transfers in - - 1,840,114 1,857,220
Transfers out (42) - - (433,176)
Total other financing sources (uses) (42) - 1,840,114 1,424,044 Special item - - - -
Net change in fund balances 25,535 400 (5,602) 450,950
FUND BALANCES:
Beginning of year 252,439 (400) 170,993 10,075,026
End of year $ 277,974 $ 165,391 - $ $ 10,525,976
General Debt
Service
Capital
Projects Fund
Debt Service
Fund
Permanent
Fund
Senior Trust
Center Misc. Projects
122
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Packet Pg. 215 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Gas Tax
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Intergovernmental 623,413 $ 623,413 $ 544,949 $ (78,464) $ Use of money and property 8,296 8,296 19,528 11,232
Total revenues 631,709 631,709 564,477 (67,232)
EXPENDITURES:
Current:
Streets and roads 2,700 2,700 2,700 -
Total expenditures 2,700 2,700 2,700 -
REVENUES OVER (UNDER)
EXPENDITURES 629,009 629,009 561,777 (67,232)
OTHER FINANCING SOURCES (USES):
Transfers out (1,063,576) (390,159) (390,301) (142)
Total other financing sources (uses) (1,063,576) (390,159) (390,301) (142) Net change in fund balances $ (434,567) $ 238,850 171,476 $ (67,374) FUND BALANCES:
Beginning of year 958,980
End of year $ 1,130,456
Budgeted Amounts
123
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Packet Pg. 216 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual North Area
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Property taxes - $ - $ - $ - $
Total revenues - - - -
EXPENDITURES:
Current:
General government - - - -
Total expenditures - - - -
Net change in fund balances $ - $ - - $ -
FUND BALANCES:
Beginning of year (13,338)
End of year $ (13,338)
Budgeted Amounts
124
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Packet Pg. 217 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Benjamin Way Maintenance District
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Use of money and property 39 $ 39 $ 169 $ 130 $
Total revenues 39 39 169 130
EXPENDITURES:
Current:
General government - - - -
Total expenditures - - - -
Net change in fund balances $ 39 $ 39 169 $ 130
FUND BALANCES:
Beginning of year 7,749
End of year $ 7,918
Budgeted Amounts
125
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Packet Pg. 218 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Public Safety
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Property taxes - $ - $ - $ - $
Total revenues - - - -
EXPENDITURES:
Current:
Public safety - 10,300 2,411 7,889
Total expenditures - 10,300 2,411 7,889
Net change in fund balances $ (10,300) - $ (2,411) $ 7,889 FUND BALANCES:
Beginning of year 106,536
End of year $ 104,125
Budgeted Amounts
126
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Packet Pg. 219 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Strong Motion Education and Data
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Use of money and property 26 $ 26 $ 127 $ 101 $
Other, donations, and reimbursements 200 200 926 726
Total revenues 226 226 1,053 827
EXPENDITURES:
Current:
General government - - - -
Total expenditures - - - -
Net change in fund balances $ 226 $ 226 1,053 $ 827
FUND BALANCES:
Beginning of year 5,872
End of year $ 6,925
Budgeted Amounts
127
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Packet Pg. 220 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Area A Lighting and Landscaping
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Property taxes 254,374 $ 254,374 $ 248,583 $ (5,791) $
Use of money and property 1,049 1,049 5,971 4,922
Total revenues 255,423 255,423 254,554 (869)
EXPENDITURES:
Current:
Community development 242,965 242,965 215,732 27,233
Total expenditures 242,965 242,965 215,732 27,233
REVENUES OVER (UNDER)
EXPENDITURES 12,458 12,458 38,822 26,364
OTHER FINANCING SOURCES (USES):
Transfers in - - 17,106 17,106
Transfers out (2,833) (2,833) (2,833) -
Total other financing sources (uses) (2,833) (2,833) 14,273 17,106 Net change in fund balances $ 9,625 $ 9,625 53,095 $ 43,470 FUND BALANCES:
Beginning of year 284,959
End of year $ 338,054
Budgeted Amounts
128
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Packet Pg. 221 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Media Center
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Other, donations, and reimbursements 40,000 $ 40,000 $ 38,559 $ (1,441) $ Total revenues 40,000 40,000 38,559 (1,441)
EXPENDITURES:
Current:
General government - - - -
Total expenditures - - - -
REVENUES OVER (UNDER)
EXPENDITURES 40,000 40,000 38,559 (1,441)
OTHER FINANCING SOURCES (USES):
Transfers in - - - -
Transfers out (40,000) (40,000) (40,000) -
Total other financing sources (uses) (40,000) (40,000) (40,000) - Net change in fund balances $ - $ - (1,441) $ (1,441)
FUND BALANCES:
Beginning of year 8,813
End of year $ 7,372
Budgeted Amounts
129
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Packet Pg. 222 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Park Development Fees
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Development fees - $ - $ 91,663 $ 91,663 $
Use of money and property 5,452 5,452 23,965 18,513
Total revenues 5,452 5,452 115,628 110,176
EXPENDITURES:
Current:
General government - - - -
Total expenditures - - - -
REVENUES OVER (UNDER)
EXPENDITURES 5,452 5,452 115,628 110,176
OTHER FINANCING SOURCES (USES):
Transfers out (998,611) - - -
Total other financing sources (uses) (998,611) - - -
Net change in fund balances $ (993,159) $ 5,452 115,628 $ 110,176 FUND BALANCES:
Beginning of year 998,404
End of year $ 1,114,032
Budgeted Amounts
130
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Packet Pg. 223 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Parking Impact Fees
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Development fees - $ - $ 27,014 $ 27,014 $
Use of money and property 2,019 2,019 9,721 7,702
Total revenues 2,019 2,019 36,735 34,716
EXPENDITURES:
Current:
Community development - 36,672 31,888 4,784
Total expenditures - 36,672 31,888 4,784
Net change in fund balances $ 2,019 $ (34,653) 4,847 $ 39,500 FUND BALANCES:
Beginning of year 406,031
End of year $ 410,878
Budgeted Amounts
131
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Packet Pg. 224 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Housing Successor Agency
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Use of money and property - $ - $ 28,506 $ 28,506 $
Total revenues - - 28,506 28,506
EXPENDITURES:
Current:
Community development 1,000 1,000 996 4
Total expenditures 1,000 1,000 996 4
Net change in fund balances $ (1,000) $ (1,000) 27,510 $ 28,510 FUND BALANCES:
Beginning of year 6,887,988
End of year $ 6,915,498
Budgeted Amounts
132
6.F.a
Packet Pg. 225 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Opiod Settlement
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Other, donations, and reimbursements - $ - $ 60,691 $ 60,691 $ Total revenues - - 60,691 60,691
EXPENDITURES:
Current:
General government - - - -
Total expenditures - - - -
Net change in fund balances $ - $ - 60,691 $ 60,691
FUND BALANCES:
Beginning of year -
End of year $ 60,691
Budgeted Amounts
133
6.F.a
Packet Pg. 226 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Senior Trust Center
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Use of money and property 11,749 $ 11,749 $ 29,693 $ 17,944 $ Other, donations, and reimbursements - - 100 100
Total revenues 11,749 11,749 29,793 18,044
EXPENDITURES:
Current:
Community development 4,000 4,000 4,258 (258)
Total expenditures 4,000 4,000 4,258 (258)
REVENUES OVER (UNDER)
EXPENDITURES 7,749 7,749 25,535 17,786
Net change in fund balances $ 7,749 $ 7,749 25,535 $ 17,786 FUND BALANCES:
Beginning of year 252,439
End of year $ 277,974
Budgeted Amounts
134
6.F.a
Packet Pg. 227 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Misc. Projects
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Use of money and property - $ - $ 442 $ 442 $
Total revenues - - 442 442
EXPENDITURES:
Current:
General government - - - -
Total expenditures - - - -
REVENUES OVER (UNDER)
EXPENDITURES - - 442 442
OTHER FINANCING SOURCES (USES):
Transfers out (85,523) - (42) (42)
Total other financing sources (uses) (85,523) - (42) (42) Net change in fund balances $ (85,523) $ - 400 $ 400
FUND BALANCES:
Beginning of year (400)
End of year $ -
Budgeted Amounts
135
6.F.a
Packet Pg. 228 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual General Debt Service
For the year ended June 30, 2023
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:
Use of money and property - $ - $ 1 $ 1 $
Total revenues - - 1 1
EXPENDITURES:
Debt service:
Principal retirement 1,809,608 1,809,608 1,809,664 (56) interest and fiscal charges 39,759 39,759 36,053 3,706
Total expenditures 1,849,367 1,849,367 1,845,717 3,650
REVENUES OVER (UNDER)
EXPENDITURES (1,849,367) (1,849,367) (1,845,716) 3,651
OTHER FINANCING SOURCES (USES):
Transfers in 1,840,115 1,840,115 1,840,114 (1)
Total other financing sources (uses) 1,840,115 1,840,115 1,840,114 (1) Net change in fund balances $ (9,252) $ (9,252) (5,602) $ 3,650 FUND BALANCES:
Beginning of year 170,993
End of year $ 165,391
Budgeted Amounts
136
6.F.a
Packet Pg. 229 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) This page intentionally left blank
137
6.F.a
Packet Pg. 230 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Balance Sheet
General Fund Activities
June 30, 2023
ASSETS
Cash and investments 5,872,653 $ 247,151 $ 4,150,963 $ 48,806 $ Pension stabilization investments 4,636,083 - - -
Accounts receivable 1,410,268 - 29,473 -
Loans and notes receivable - 178,378 - -
Interest receivable 99,615 - 13,432 158
Intergovernmental receivable 1,475,872 549,107 - -
Lease receivable 309,722 - - -
Due from other funds 907,116 - - -
Deposits 1,599,586 - - -
Prepaid items 5,843 - - -
Total assets $ 14,717,172 $ 1,846,737 $ 4,921,353 $ 48,964
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
Liabilities:
Accounts payable and accrued liabilities 384,327 $ 9,008 $ 82,500 $ - $ Advances to other funds - 2,266,260 - -
Deposits payable 1,773,818 - - -
Unearned revenue 1,711,265 1,599,586 - -
Total liabilities 3,869,410 3,874,854 82,500 -
Deferred Inflows of Resources
Lease related 301,930 - - -
Total deferred inflows of resources - 301,930 - -
Fund Balances:
Nonspendable 5,843 - - -
Restricted 4,636,083 - - -
Committed - - - -
Assigned - - - -
Unassigned 5,903,906 (2,028,117) 4,838,853 48,964
Total fund balances 10,545,832 (2,028,117) 4,838,853 48,964 Total liabilities, deferred inflows of
resources and fund balances $ 14,717,172 $ 1,846,737 $ 4,921,353 $ 48,964 General
Capital
Replacement
Transaction & Use
Tax
Economic
Development
138
6.F.a
Packet Pg. 231 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) Total General
Funds
$ - 1,338,870 $ 9,732 $ 320,200 $ 325,919 $ 12,314,294 $ - - - - 4,636,083 -
222,863 - - - 1,662,604 -
750,000 - - - 928,378 -
- - 31 - 113,236 -
- - - - 2,024,979 -
- - - - 309,722 -
- - - - 907,116 -
- - - - 1,599,586 -
- - - - - 5,843
$ 2,311,733 $ - $ 9,763 $ 320,200 $ 325,919 $ 24,501,841 $ 48,029 $ - $ - $ 33,163 $ 557,027 - $
- - - - 2,266,260 -
- - - - 1,773,818 -
- - - - - 3,310,851
48,029 - - 33,163 7,907,956 -
- - - - 301,930 -
- - - - 301,930 -
- - - - - 5,843
2,263,704 - 9,763 287,037 7,196,587 -
- - - - - -
- - - 325,919 - 325,919
- - - - 8,763,606 -
2,263,704 - 9,763 287,037 325,919 16,291,955
$ 2,311,733 $ - $ 9,763 $ 320,200 $ 325,919 $ 24,501,841 Long Range
Tree Mitigation Planning Fund
Fire Facilities
Impact Fees
L&M
TOT Housing Village
139
6.F.a
Packet Pg. 232 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Statement of Revenues, Expenditures and Changes in Fund Balances General Funds
For the year ended June 30, 2023
REVENUES:
Property taxes 4,963,741 $ - $ - $ - $
Sales and other taxes 8,235,822 2,923,284 - -
Development fees 446,124 - - -
Intergovernmental 1,029,790 102,780 - -
Fines and forfeitures 33,477 - - -
Licenses and permits 1,674,828 - - -
Use of money and property 360,052 (392) 48,116 400
Charges for services 951,178 - - -
Other, donations, and reimbursements 620,312 - - -
Total revenues 18,315,324 102,388 2,971,400 400
EXPENDITURES:
Current:
General government 4,581,140 2,132,106 436,477 -
Public safety 12,471,629 - - -
Community development - - - -
Total expenditures 17,052,769 2,132,106 436,477 -
REVENUES OVER (UNDER)
EXPENDITURES 1,262,555 (2,029,718) 2,534,923 400
OTHER FINANCING SOURCES (USES):
Transfers in 806,487 2,365,263 - -
Transfers out (1,628,143) (723,678) - -
Total other financing sources (uses) (821,656) 2,365,263 (723,678) - Net change in fund balances 440,899 335,545 1,811,245 400 FUND BALANCES:
Beginning of year 10,104,933 (2,363,662) 3,027,608 48,564 End of year $ 10,545,832 $ (2,028,117) $ 4,838,853 $ 48,964 General
Capital
Replacement
Transaction & Use
Tax
Economic
Development
140
6.F.a
Packet Pg. 233 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) Total General
Funds
$ - - $ - $ - $ - $ 4,963,741 $
1,400,652 - - - 12,559,758 -
- - 15,789 - 461,913 -
- - 220,000 - 1,352,570 -
- - - - - 33,477
- - - - 1,674,828 -
12 195 2,882 - 411,265 -
- - - - 33,438 984,616
700 - - 1,204 622,216 -
1,401,364 195 18,671 221,204 33,438 23,064,384
- - - - 7,149,723 -
- - - - 12,471,629 -
640,847 - 613,509 - 1,254,356 -
640,847 - 613,509 - 20,875,708 -
760,517 195 18,671 (392,305) 33,438 2,188,676
- - - - 3,171,750 -
(5,669) (8,685) (143,372) (2,069,801) (4,579,348) -
(5,669) (8,685) (143,372) (2,069,801) (1,407,598) -
754,848 (8,490) (124,701) (2,462,106) 33,438 781,078
1,508,856 8,490 134,464 2,749,143 292,481 15,510,877
$ 2,263,704 $ - $ 9,763 $ 287,037 $ 325,919 $ 16,291,955 Tree Mitigation
Fire Facilities
Impact Fees
L&M
Village
Long Range
TOT Housing Planning Fund
141
6.F.a
Packet Pg. 234 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Net Position
Water Fund Activities
June 30, 2023
Totals
ASSETS
Current Assets:
Cash and investments $ 1,400,099 $ 919,460 $ 1,326,721 - $ $ 3,646,280 Cash and investments with fiscal agents 67 - - - 67
Pension stabilization investments 531,338 - - 531,338 - Accounts receivable 1,045,441 - 13,142 - 1,058,583
Interest receivable 7,646 - 4,292 - 11,938
Intergovernmental receivable 347,486 - - 347,486 -
Inventory 98,165 - - 98,165 -
Total current assets 3,082,756 1,266,946 1,344,155 - 5,693,857 Noncurrent:
Capital assets:
Land 310,781 - - - 310,781
Construction in progress 696,609 - - 696,609 -
Depreciable buildings and improvements 1,443,869 - - 1,443,869 - Depreciable utility systems 36,445,109 - - 36,445,109 - Depreciable equipment 655,480 - - 655,480 -
Accumulated depreciation (15,519,930) - - - (15,519,930) Net capital assets 696,609 23,335,309 - - 24,031,918
Total noncurrent assets 23,335,309 696,609 - 24,031,918 - Total assets 26,418,065 1,963,555 1,344,155 - 29,725,775
DEFERRED OUTFLOWS OF RESOURCES
Pension related 1,559,412 - - 1,559,412 -
OPEB related 16,056 - - 16,056 -
Total deferred outflows of resources 1,575,468 - - 1,575,468 -
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities 20,538 90,814 - 111,352 - Deposits payable 21,130 - - 21,130 -
Interest payable 53,387 - - 53,387 -
Bonds payable - current 749,000 - - 749,000 -
Total current liabilities 844,055 90,814 - 934,869 -
Noncurrent liabilities:
Bonds payable 4,184,000 - - 4,184,000 -
Net pension liability 3,812,507 - - 3,812,507 -
Net OPEB liability 95,718 - - 95,718 -
Total noncurrent liabilities 8,092,225 - - 8,092,225 -
Total liabilities 8,936,280 90,814 - 9,027,094 -
DEFERRED INFLOWS OF RESOURCES
Pension related 361,662 - - 361,662 -
OPEB related 39,554 - - 39,554 -
Total deferred inflows of resources 401,216 - - 401,216 -
NET POSITION
Net investment in capital assets 18,402,376 696,609 - 19,098,985 - Restricted 531,405 1,176,132 1,344,155 - 3,051,692
Unrestricted (277,744) - - - (277,744)
Total net position $ 1,872,741 18,656,037 $ - $ 1,344,155 $ 21,872,933 $ Water
Operations
Water Capital
Replacement
Water Debt
Service
Water
Capacity
142
6.F.a
Packet Pg. 235 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Revenues, Expenses and Changes in Net Position Water Fund Activities
For the year ended June 30, 2023
Totals
OPERATING REVENUES:
Charges for services $ 5,580,333 $ - -$ -$ 5,580,333 $
Development fees 40,054 - - 85,450 125,504
Intergovernmental 393,727 - - - 393,727
Other 27,067 - - - 27,067
Total operating revenues 5,647,454 393,727 - 85,450 6,126,631 OPERATING EXPENSES:
Salaries and benefits 1,760,104 - - - 1,760,104
Maintenance and operations 1,092,110 55,110 - - 1,147,220 Administration 834,162 - - - 834,162
Depreciation 859,186 - - - 859,186
Total operating expenses 4,545,562 55,110 - - 4,600,672 Operating income (loss) 1,101,892 338,617 - 85,450 1,525,959 NONOPERATING REVENUES (EXPENSES):
Investment income (loss) 64,840 (6,150) - 46,001 104,691 Interest expense (226,323) - - - (226,323)
Total nonoperating revenues (expenses) (161,483) (6,150) - 46,001 (121,632) Income before contributions and transfers 940,409 332,467 - 131,451 1,404,327 CONTRIBUTIONS AND TRANSFERS:
Transfers in 226,344 - - - 226,344
Transfers out (7,204) (205,375) - (20,969) (233,548)
Capital contributions 444,950 - - - 444,950
Total contributions and transfers 664,090 (205,375) - (20,969) 437,746 Change in net position 1,604,499 332,467 (205,375) 110,482 1,842,073 NET POSITION:
Beginning of year 17,051,538 1,540,274 205,375 1,233,673 20,030,860 End of year $ 18,656,037 $ 1,872,741 -$ 1,344,155 $ 21,872,933 $ Water
Operations
Water Capital
Replacement
Debt
Service
Water
Capacity
143
6.F.a
Packet Pg. 236 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Net Position
Sewer Fund Activities
June 30, 2023
Sewer
Operations Drainage
Sewer
Capital
Replacement
Sewer
Capacity
Drainage
Capacity Totals
ASSETS
Current Assets:
Cash and investments $ 1,507,429 $ 9,076 $ 1,485,762 $ 3,354,876 $ 1,394,339 $ 7,751,482 Cash and investments with 315 - - - - 315
Pension stabilization investments 639,882 139,089 - - - 778,971 Accounts receivable 1,079,899 75,512 - 21,796 6,444 1,183,651 Interest receivable 9,511 - - 10,854 4,511 24,876
Intergovernmental receivable - - 34,831 - - 34,831
Due from other funds 1,086,445 - - - - 1,086,445
Inventory 20,466 - - - - 20,466
Total current assets 4,343,947 223,677 1,520,593 3,387,526 1,405,294 10,881,037 Noncurrent:
Advances to other funds - - 1,133,130 - - 1,133,130
Capital assets:
Land 682,880 84,022 - - - 766,902
Construction in progress - - 458,257 - - 458,257
Depreciable buildings and 258,359 - - - - 258,359
Depreciable utility systems 74,021,082 12,006,299 - - - 86,027,381 Depreciable equipment 1,450,725 - - - - 1,450,725
Accumulated depreciation (26,209,756) (5,720,252) - - - (31,930,008) Net capital assets 50,203,290 6,370,069 458,257 - - 57,031,616 Total noncurrent assets 50,203,290 6,370,069 1,591,387 - - 58,164,746 Total assets 54,547,237 6,593,746 3,111,980 3,387,526 1,405,294 69,045,783
DEFERRED OUTFLOWS OF RESOURCES
Deferred loss on debt refunding 656,876 - - - - 656,876 Pension related 1,559,412 - - - - 1,559,412
OPEB related 20,841 - - - - 20,841
Total deferred outflows 2,237,129 - - - - 2,237,129
LIABILITIES
Current liabilities:
Accounts payable and 119,842 3,721 10,594 - - 134,157
Due to other funds - 1,086,445 - - - 1,086,445
Deposits payable 950 - - - - 950
Interest payable 168,541 - - - - 168,541
Unearned revenue - - - - - -
Bonds payable - current 1,140,000 - - - - 1,140,000
Total current liabilities 1,429,333 1,090,166 10,594 - - 2,530,093 Noncurrent liabilities:
Bonds payable 17,876,600 - - - - 17,876,600
Net pension liability 3,812,507 - - - - 3,812,507
Net OPEB liability 124,245 - - - - 124,245
Total noncurrent liabilities 21,813,352 - - - - 21,813,352 Total liabilities 23,242,685 1,090,166 10,594 - - 24,343,445
DEFERRED INFLOWS OF RESOURCES
Pension related 361,662 - - - - 361,662
OPEB related 51,342 - - - - 51,342
Total deferred inflows 413,004 - - - - 413,004
NET POSITION
Net investment in capital assets 31,843,881 6,370,069 458,257 - - 38,672,207 Restricted 640,197 139,089 2,643,129 3,387,526 1,405,294 8,215,235 Unrestricted 644,599 (1,005,578) - - - (360,979)
Total net position $ 33,128,677 $ 5,503,580 $ 3,101,386 $ 3,387,526 $ 1,405,294 $ 46,526,463 144
6.F.a
Packet Pg. 237 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Revenues, Expenses and Changes in Net Position Sewer Fund Activities
For the year ended June 30, 2023
Sewer
Operations Drainage
Sewer
Capital
Replacement
Sewer
Capacity
Drainage
Capacity Totals
OPERATING REVENUES:
Charges for services $ 759,539$ 7,066,249 $ - -$ -$ 7,825,788 $ Development fees - - 666,474 - 138,604 805,078
Intergovernmental - - 157,689 - - 157,689
Other 164,522 21,860 - - - 186,382
Total operating revenues 7,230,771 781,399 157,689 666,474 138,604 8,974,937 OPERATING EXPENSES:
Salaries and benefits 2,140,900 379,939 - - - 2,520,839 Maintenance and operations 2,011,445 223,360 - - - 2,234,805 Administration 998,219 158,801 - - - 1,157,020
Depreciation 2,077,613 258,168 - - - 2,335,781
Total operating expenses 7,228,177 1,020,268 - - - 8,248,445 Operating income (loss) (238,869) 2,594 157,689 666,474 138,604 726,492 NONOPERATING REVENUES (EXPENSES):
Investment income (loss) 78,130 4,805 (14,465) 74,554 24,068 167,092 Interest expense (711,432) - - - - (711,432)
Total nonoperating
revenues (expenses) (633,302) 4,805 (14,465) 74,554 24,068 (544,340) Income before contributions
and transfers (630,708) (234,064) 143,224 741,028 162,672 182,152 CONTRIBUTIONS AND TRANSFERS:
Transfers in 1,721,400 - - - - 1,721,400
Transfers out (7,204) - (1,525,822) (195,577) - (1,728,603) Capital contributions 402,358 183,490 - - - 585,848
Total contributions and transfers 2,116,554 183,490 (1,525,822) (195,577) - 578,645 Change in net position 1,485,846 (50,574) (1,382,598) 545,451 162,672 760,797 NET POSITION:
Beginning of year 31,642,831 5,554,154 4,483,984 2,842,075 1,242,622 45,765,666 End of year $ 33,128,677 $ 3,101,386 5,503,580 $ $ 1,405,294 3,387,526 $ 46,526,463 $ 145
6.F.a
Packet Pg. 238 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Net Position
Electric Fund Activities
June 30, 2023
Electric
Operations
Capital
Replacement
Electric
Public
Benefit
Electric
Capacity Totals
ASSETS
Current Assets:
Cash and investments 6 $ 513 ,909,141 $ 3 ,148 $ 126 ,647,292 ,332$ $ 11,195,913 Cash and investments with fiscal agents - - - - - Pension stabilization investments - 913,862 - - 913 ,862 Investment in NCPA reserves 5 - ,765,802 - - 5 ,765,802 Accounts receivable 1 164 ,810,614 524 ,262 - 1 ,975,400 Loans and notes receivable - - - - - Interest receivable - 24,173 11 ,815 409 36,397 Intergovernmental receivable - - - - - Lease receivable - - - - - Due from other funds - 15,000 - - 15 ,000 Inventory - 2,361,662 - - 2 ,361,662
Total current assets 17 677 ,800,254 3 ,410 126 ,659,631 ,741 22,264,036 Noncurrent:
Advances to other funds - 1 - ,133,130 - 1 ,133,130
Capital assets:
Land 48 - ,360 - - 48 ,360
Construction in progress 753 - - ,747 - 753 ,747
Depreciable buildings and improvements - 447,834 - - 447 ,834 Depreciable utility systems - 31,412,283 - - 31 ,412,283 Depreciable equipment - 1,001,599 - - 1 ,001,599
Accumulated depreciation (15,020,099) - - - (15,020,099) Net capital assets 753 17,889,977 - ,747 - 18 ,643,724
Total noncurrent assets 17 1 ,889,977 - ,886,877 - 19 ,776,854 Total assets 2,564,287 35,690,231 3,659,631 126,741 42,040,890
DEFERRED OUTFLOWS OF RESOURCES
Pension related - 2,159,186 - - 2 ,159,186
OPEB related 18 - ,134 - - 18 ,134
Total deferred outflows of resources - 2,177,320 - - 2,177,320
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities 26 219,199 18 ,812 ,305 - 264 ,316 Deposits payable 286 165,647 - ,631 - 452 ,278
Interest payable - 3,628 - - 3,628
Loans payable - current - 119,290 - - 119 ,290
Total current liabilities 507 313 ,764 18 ,443 ,305 - 839 ,512 Noncurrent liabilities:
Loan payable - 1,332,040 - - 1 ,332,040
Net pension liability - 5,278,856 - - 5 ,278,856
Net OPEB liability - 108,105 - - 108 ,105
Total noncurrent liabilities 6 - ,719,001 - - 6 ,719,001 Total liabilities 313,443 7,226,765 18,305 - 7,558,513
DEFERRED INFLOWS OF RESOURCES
Lease - - - - - Pension related - 500,763 - - 500 ,763
OPEB related 44 - ,672 - - 44 ,672
Total deferred inflows of resources 545,435 - - - 545,435
NET POSITION
Net investment in capital assets 1 17,889,977 - ,886,877 - 19 ,776,854 Restricted 913,862 1,497,097 3,641,326 126,741 6,179,026 Unrestricted 11,291,512 (1,133,130) - - 10 ,158,382
Total net position $ 2,250,844 30,095,351 $ 3,641,326 $ 126,741$ $ 36,114,262 146
6.F.a
Packet Pg. 239 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Revenues, Expenses and Changes in Net Position Electric Fund Activities
For the year ended June 30, 2023
Electric
Operations
Capital
Replacement
Electric
Public
Benefit
Electric
Capacity Totals
OPERATING REVENUES:
Charges for services $ - 12,583,824 $ 354,700$ -$ 12,938,524 $ Development fees 9,260 - - 7,833 17,093
Other 666,336 165,281 583,863 - 1,415,480
Total operating revenues 13,259,420 165,281 938,563 7,833 14,371,097 OPERATING EXPENSES:
Purchase of power - 9,204,568 - - 9,204,568
Salaries and benefits 2,031,535 124,196 - - 2,155,731
Maintenance and operations 2,159,452 10,327 340,249 - 2,510,028 Administration 1,676,410 - - - 1,676,410
Depreciation 679,245 - - - 679,245
Total operating expenses 15,751,210 10,327 464,445 - 16,225,982 Operating income (loss) (2,491,790) 154,954 474,118 7,833 (1,854,885) NONOPERATING REVENUES (EXPENSES):
Investment income (loss) 357,029 70,638 - 11,416 439,083 Interest expense 9,625 - - - 9,625
Total nonoperating revenues (expenses) 366,654 70,638 - 11,416 448,708 Income before contributions and transfers (2,125,136) 154,954 544,756 19,249 (1,406,177) CONTRIBUTIONS AND TRANSFERS:
Transfers in 4,252 533,087 - - 537,339
Transfers out (677,750) - (4,252) - (682,002)
Capital contributions 132,625 - - - 132,625
Total contributions and transfers 533,087 (540,873) (4,252) - (12,038) Change in net position (2,666,009) 688,041 540,504 19,249 (1,418,215) NET POSITION:
Beginning of year 32,761,360 1,562,803 3,100,822 107,492 37,532,477 End of year $ 30,095,351 $ 2,250,844 $ 126,741 3,641,326 $ 36,114,262 $ 147
6.F.a
Packet Pg. 240 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Net Position
Internal Service Funds
June 30, 2023
Insurance
and Benefit
Vehicle
Maintenance
Information
Services
Building
Maintenance
Vehicle
Replacement Totals
ASSETS
Current Assets:
Cash and investments 4,750,365 $ 74,787 $ 1,420,170 $ 417,475 $ 2,324,100 $ 8,986,897 $ Accounts receivable 20,111 - - 57,974 78,085 -
Loans and notes receivable - 3,987 - - 3,987 -
Interest receivable - 282 4,618 1,380 7,519 13,799
Inventory - 9,183 - - 9,183 -
Prepaid items - 17,717 36,346 - 54,063 -
Total current assets 4,770,476 101,969 1,465,121 476,829 9 2,331,619 ,146,014 Noncurrent:
Capital assets:
Depreciable equipment - 8,731,667 2,557,996 3,621,238 14,910,901 - Accumulated depreciation - (5,372,259) (2,120,368) (1,738,354) (9,230,981) - Net capital assets - 3,359,408 437,628 1,882,884 5,679,920 - Total noncurrent assets - 3,359,408 437,628 1,882,884 5,679,920 - Total assets 4,770,476 3,461,377 1,902,749 2,359,713 2,331,619 14,825,934
LIABILITIES
Current liabilities:
Accounts payable and accrued
liabilities 884,068 527,937 147,132 93,070 1,714,248 62,041 Lease liabilities - current - 31,992 - - 31,992 -
Compensated absences - current 823,236 - - - 823,236 -
Claims payable - current 91,082 - - - 91,082 -
Total current liabilities 1,798,386 527,937 179,124 62 93,070 2 ,041 ,660,558 Noncurrent liabilities:
Lease liabilities - 56,381 - - 56,381 -
Compensated absences 2,025,725 - - - 2,025,725 -
Claims payable 206,903 - - - 206,903 -
Total noncurrent liabilities 2,232,628 56,381 - - 2,289,009 - Total liabilities 4,031,014 527,937 235,505 93,070 4,949,567 62,041
NET POSITION
Net investment in capital assets - 3,359,408 349,255 1,882,884 5,591,547 - Unrestricted 739,462 (425,968) 1,317,989 383,759 2,269,578 4,284,820 Total net position 739,462$ $ 2,933,440 $ 2,266,643 1,667,244 $ $ 2,269,578 $ 9,876,367 148
6.F.a
Packet Pg. 241 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Revenues, Expenses and Changes in Net Position Internal Service Funds
For the year ended June 30, 2023
Insurance
and Benefit
Vehicle
Maintenance
Information
Services
Building
Maintenance
Vehicle
Replacement Totals
OPERATING REVENUES:
Charges for services $ 1,051,029 1,571,055 $ 2,717,728 $ 1,114,340 $ 706,941 $ 7,161,093 $ Other - 20 - 45,500 45,520 -
Total operating revenues 1,571,055 1,051,049 2,717,728 1,159,840 706,941 7,206,613 OPERATING EXPENSES:
Salaries and benefits 1,392,938 441,748 723,225 322,177 2,880,088 - Maintenance and operations - 461,508 1,449,263 460,253 313,868 2,684,892 Administration - 165,251 169,424 80,334 415,009 -
Amortization - 72,107 - - 72,107 -
Depreciation - 999,196 288,270 333,566 1,621,032 -
Total operating expenses 1,392,938 2,067,703 2,702,289 1,196,330 313,868 7,673,128 Operating income (loss) 178,117 (1,016,654) 15,439 (36,490) 393,073 (466,515) NONOPERATING REVENUES (EXPENSES):
Investment income (loss) - 57,801 26,155 263,363 (17,327) 329,992 Interest expense - (650) - - - (650)
Gain (loss) on sale of fixed assets 13,798 - - 46,083 - 59,881 Total nonoperating revenues
(expenses) - 71,599 25,505 263,363 28,756 389,223
Income before contributions
and transfers 178,117 (945,055) 40,944 226,873 421,829 (77,292) CONTRIBUTIONS AND TRANSFERS:
Transfers in - 491,705 - 96,000 1,847,749 2,435,454
Transfers out - (1,862,488) (22,675) (11,337) (1,896,500) - Capital contributions - 343,868 - - 343,868 -
Total contributions and transfers - (1,026,915) (22,675) 84,663 1,847,749 882,822 Change in net position 178,117 (1,971,970) 18,269 311,536 2,269,578 805,530 NET POSITION:
Beginning of year 561,345 4,905,410 1,648,975 1,955,107 9,070,837 - End of year 739,462$ $ 2,933,440 $ 2,266,643 1,667,244 $ $ 2,269,578 $ 9,876,367 149
6.F.a
Packet Pg. 242 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Cash Flows
Internal Service Funds
For the year ended June 30, 2023
Insurance
and Benefit
Vehicle
Maintenance
Information
Services
Building
Maintenance
Vehicle
Replacement Totals
CASH FLOWS FROM OPERATING ACTIVITIES:
Receipts from customers $ 1,027,229 1,571,962 $ 2,716,274 $ 1,133,880 $ 706,941 $ 7,156,286 $ Receipts from other operating activities 20 - - 45,500 - 45,520 Payments to suppliers (166,133) 199,184 (1,526,349) (482,689) (251,827) (2,227,814) Payments to employees (441,748) (979,149) (723,225) (322,177) - (2,466,299) Net cash provided by (used) by operating activities 419,368 791,997 466,700 374,514 455,114 2,507,693 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Interfund borrowing - - - (21,784) - (21,784)
Transfers in 491,705 - - 96,000 1,847,749 2,435,454
Transfers out (1,862,488) - (22,675) (11,337) - (1,896,500) Principal payment on debt (947,393) (137,942) (71,442) - - (1,156,777) Net cash provided (used) by
noncapital financing activities (2,318,176) (137,942) (94,117) 62,879 1,847,749 (639,607) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:
Interest paid - - (650) - - (650)
Cash received (loss) from sale of capital assets 13,798 - - - 46,083 59,881 Acquisition and construction of capital assets 2,559 - (93,060) (283,137) - (373,638) Net cash provided (used) by
capital and related financing activities - 16,357 (93,710) (283,137) 46,083 (314,407) CASH FLOWS FROM INVESTING ACTIVITIES:
Investment income (loss) - 64,735 23,893 261,983 (24,846) 325,765 Net cash provided by (used in) investing activities - 64,735 23,893 261,983 (24,846) 325,765 Net cash flows 654,055 (1,817,716) 302,766 416,239 2,324,100 1,879,444 CASH AND INVESTMENTS - Beginning of year 4,096,310 1,892,503 1,117,404 1,236 7,107,453 - CASH AND INVESTMENTS - End of year $ 4,750,365 $ 74,787 $ 1,420,170 $ 417,475 $ 2,324,100 $ 8,986,897
RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
CASH PROVIDED (USED) BY OPERATING ACTIVITIES:
Operating income (loss) $ 178,117 $ (1,016,654) $ 15,439 $ (36,490) $ 393,073 $ (466,515) Adjustments to reconcile operating income (loss) to
net cash provided by (used in) operating activities:
Depreciation and amortization - 999,196 360,377 333,566 1,693,139 - (Increase) decrease in accounts receivables 907 6,200 (1,454) 19,540 25,193 - (Increase) decrease in inventory - 7,313 - - 7,313 -
Increase (decrease) in prepaid items - (17,717) (36,346) - (54,063) - Increase (decrease) in accounts payable and
accrued liabilities 199,184 471,030 128,684 57,898 62,041 918,837 Increase (decrease) in in deposits payable - (30,000) - - (30,000) - Increase (decrease) in claims payable (671,299) - - - (671,299) - Increase (decrease) in compensated absences 1,085,088 - - - 1,085,088 - Net cash provided by (used in) operating activities $ 791,997 $ 419,368 $ 466,700 $ 374,514 $ 455,114 $ 2,507,693
NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES
Capital contribution $ - $ 343,868 $ - $ - $ 343,868 - $ 150
6.F.a
Packet Pg. 243 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2023
ASSETS
Cash and investments $ 17,462 3,408,680 $ 3,426,142 $
Cash and investments with fiscal agents - 2,557,012 2,557,012 Interest receivable 14,459 - 14,459
Loans and notes receivable 2,831,568 - 2,831,568
Nondepreciable capital assets 528,300 - 528,300
Total assets 2,574,474 6,783,007 9,357,481
LIABILITIES
Interest payable 577,321 - 577,321
Long-term liabilities:
Long-term debt - due within one year 2,396,300 - 2,396,300 Long-term debt - due in more than one year 32,199,150 - 32,199,150 Total liabilities 35,172,771 - 35,172,771
NET POSITION
Net position held for private purposes 6,783,007 (32,598,297) (25,815,290) Total Net Position $ 6,783,007 $ (32,598,297) $ (25,815,290) Total
Private Purpose Trust Funds
Post RDA
Successor
Agency
Post RDA Debt
Retirement
Fund
151
6.F.a
Packet Pg. 244 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds
For the year ended June 30, 2023
ADDITIONS:
Property taxes $ 3,502,551 $ 3,502,551 - $
Use of money and property 31,665 158,421 190,086
Transfers in 3,629,628 - 3,629,628
Total additions 3,534,216 3,788,049 7,322,265
DEDUCTIONS:
Community development 258,750 258,750 -
Interest expense 1,236,439 - 1,236,439
Transfers out 3,629,628 3,629,628 -
Total deductions 3,888,378 1,236,439 5,124,817
Change in net position (354,162) 2,551,610 2,197,448
NET POSITION:
Beginning of year 7,137,169 (35,149,907) (28,012,738)
End of year $ 6,783,007 $ (32,598,297) $ (25,815,290)
Total
Private Purpose Trust Funds
Post RDA
Successor
Agency
Post RDA Debt
Retirement
Fund
152
6.F.a
Packet Pg. 245 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2023
ASSETS
Cash and investments $ 37,492 5,666 $ 78,920 $ 122,078 $ Interest receivable - 121 255 376
Total assets 37,613 5,666 79,175 122,454
NET POSITION
Net position held for other governments 5,666 37,613 79,175 122,454 Total Net Position $ 37,613 5,666 $ 79,175 $ 122,454 $
Total
Custodial Funds
Plaza Flowers
Veterans Trust
Community
Benefit Trust Cultural Center
153
6.F.a
Packet Pg. 246 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23) City of Healdsburg
Combining Statement of Changes in Fiduciary Net Position Custodial Funds
For the year ended June 30, 2023
ADDITIONS:
Use of money and property $ - $ 698 $ 1,689 $ 2,387
Total additions - 698 1,689 2,387
DEDUCTIONS:
Community development 436 - - 436
Total deductions 436 - - 436
Change in net position (436) 698 1,689 1,951
NET POSITION:
Beginning of year 6,102 36,915 77,486 120,503
End of year $ 5,666 $ 37,613 $ 79,175 $ 122,454
Custodial Funds
Total
Plaza Flowers
Veterans Trust
Community
Benefit Trust Cultural Center
154
6.F.a
Packet Pg. 247 Attachment: Financial Statements for Fiscal Year 2022-23 (4314 : Approve the Audited Financial Statements for FY 2022-23)
CITY OF HEALDSBURG
CITY COUNCIL AGENDA STAFF REPORT
MEETING DATE: February 5, 2024
SUBJECT: Resolution in Support of "The Improved and Enhanced Local Fire Protection, Paramedic Services, and Disaster Response Initiative" PREPARED BY: Jason Boaz, Fire Chief
STRATEGIC INITIATIVE(S):
Maintain and Improve Infrastructure and Facilities
Provide Effective Governance
Maintain and Enhance Public Health and Safety
RECOMMENDED ACTION(S):
Adopt a Resolution Supporting “The Improved and Enhanced Local Fire Protection, Paramedic Services and Disaster Response Initiative” Measure on the March 5, 2024, Sonoma County Ballot.
COMMUNITY ENGAGEMENT/OUTREACH:
A public comment period was opened on the January 16th meeting.
BACKGROUND:
At the Council meeting of January 16, 2024, the City Council received a presentation on the Proposed Improved and Enhanced Local Fire Protection, Paramedic Services, and Disaster Response Initiative and Sales Tax Petition. After the presentation, a majority of the City Council expressed interest in considering a formal action in support and directed staff to return with a resolution. In response, a Resolution expressing such support is attached for the City Council’s consideration. The City Council is permitted to consider and take action to express the opinion of the City Council’s supporting or opposing a ballot measure that impacts the City, as long as it does so at an open public meeting. (See League of Women Voters v. Countywide Criminal Justice Coordinating Committee (1988) 203 Cal.App.3d 529, 560.
DISCUSSION/ANALYSIS:
During the presentation from the Fire Service working group and Healdsburg Fire Chief, the allocations to Healdsburg were discussed as well as their potential impact on City services.
These include funding for the substation, REDCOM dispatch fees, Lexipol fees, other CountyWide benefits, and additional staffing for Healdsburg in Fire Prevention and Operations.
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ENVIRONMENTAL STEWARDSHIP:
Not Applicable.
ALTERNATIVES:
Council discretion. If the City Council does not elect to support the measure the alternatives are to not take an official position or vote to oppose the measure.
FISCAL IMPACT:
There is no direct fiscal impact from this action.
ENVIRONMENTAL ANALYSIS:
Pursuant to Title 14, the California Code of Regulations, Section 15378(b)(5) of the California Environmental Quality Act (“CEQA”) guidelines, the proposed action is an administrative activity of the City that will not result in direct or indirect physical changes to the environment.
ATTACHMENT(S):
Resolution
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CITY OF HEALDSBURG
RESOLUTION NO. ___-2024
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HEALDSBURG SUPPORTING “THE IMPROVED AND
ENHANCED LOCAL FIRE PROTECTION, PARAMEDIC
SERVICES AND DISASTER RESPONSE INITIATIVE”
SUBMITTED TO THE VOTERS OF SONOMA COUNTY AT
THE MARCH 5, 2024 ELECTION
WHEREAS, this Measure is an initiative measure proposing to implement a one-half cent sales tax in Sonoma County to improve and enhance local fire protection, paramedic services and disaster response; and
WHEREAS, this Measure is an initiative submitted to the voters of Sonoma County at the election to be held March 5, 2024; and
WHEREAS, this Measure aligns with the City’s and regional partners’ goal to increase revenue sources that support efforts to create more efficient, effective and sustainable fire services in Healdsburg and the County of Sonoma.
NOW, THEREFORE, BE IT RESOLVED, the City Council of City of Healdsburg does hereby resolve that the City of Healdsburg supports this Measure.
AYES: Councilmembers: ( )
NOES: Councilmembers: ( )
ABSENT: Councilmembers: ( )
ABSTAINING: Councilmembers: ( )
SO ORDERED: ATTEST:
_________________________________ ____________________________________ David Hagele, Mayor Raina Allan, City Clerk
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Packet Pg. 250 Attachment: Resolution (4322 : Resolution in Support of Measure H)
CITY OF HEALDSBURG
CITY COUNCIL AGENDA STAFF REPORT
MEETING DATE: February 5, 2024
SUBJECT: Dry Creek Commons Support and Funding Commitment PREPARED BY: Stephen Sotomayor, Housing Director
STRATEGIC INITIATIVE(S):
Expand Affordable Housing Opportunities
RECOMMENDED ACTION(S):
Adopt a Resolution in support of the Dry Creek Commons Affordable Housing Project's Application for the 9% Low-Income Housing Tax Credit Program (LIHTC) and issue a funding commitment letter.
COMMUNITY ENGAGEMENT/OUTREACH:
The City of Healdsburg (“City”) and Burbank Housing Development Corporation (“Burbank”) have engaged in community outreach related to future development of an affordable housing project (“Dry Creek Commons Project” or “Project”) on 3.53-acres of land located at 155 Dry Creek Road, Healdsburg, APN 089-071-002 (“Site”), depicted on the map enclosed as Attachment A. On April 19, 2021, members of the public had an opportunity to participate in the City Council’s selection of Burbank as the prospective developer of affordable housing on the Site and approval of an Exclusive Negotiating Rights Agreement (“ENA”) between the City and Burbank. On January 12, 2022, Burbank hosted a virtual Community Outreach meeting to present the proposed Dry Creek Commons Project to the public. On February 23, 2022, the Planning Commission conducted a public workshop, received a presentation from Burbank regarding the proposal, received public input and provided feedback and comments to Burbank and City staff regarding the proposed development. On September 27, 2022, the Planning Commission approved various land use entitlements necessary for the development of affordable housing on the Site. On September 5, 2023, at the City Council approved a Disposition and Development Agreement (“DDA”) between the City and Burbank regarding the terms and conditions of sale and development of the Dry Creek Commons Project on the Site.
BACKGROUND:
In 2003, the Site was acquired by the former Redevelopment Agency of the City of Healdsburg (“Redevelopment Agency”) for the development of low-to-moderate-income housing at a purchase price of $1,850,000. Pursuant to the Dissolution Act (State of California. Assembly Bill
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1X 26, Chapter 5, Statutes of 2011), which became effective on February 1, 2012, the Redevelopment Agency was dissolved. The City Council elected to have the City retain the housing assets and functions of the former Redevelopment Agency, resulting in the transfer of the fee title to the Site to the City.
The following steps have been undertaken by the City in pursuit of an affordable housing project on the Site:
On January 15, 2021, the City issued a Request for Qualifications (“RFQ”) for the design and development of affordable housing at the Site. The intent of the RFQ was to identify a team to enter an exclusive, collaborative process with the City on the design and development of the Site.
The City received five responses, including one from Burbank.
On March 12, 2021, Burbank was selected to collaborate with the City on the design, financing, and development of affordable housing on the Site.
On April 19, 2021, the City entered into an ENA with Burbank which established procedures, standards, and timelines for the submittal and processing of applications for land use entitlements needed to develop the Site with affordable housing, due diligence review to be conducted by Burbank regarding the physical condition of the Site and review of title, and the negotiation of the terms and conditions of a DDA pursuant to which the City will convey the Site to Burbank on the condition that specified development activities will be undertaken by Burbank in a timely manner on the Site.
On January 12, 2022, Burbank hosted a virtual Community Outreach Meeting to present the proposed Dry Creek Commons Project to the public.
On February 23, 2022, the Planning Commission conducted a workshop and received a presentation from Burbank regarding their development proposal. The Planning Commission provided feedback to Burbank and City staff. General comments were given by the Planning Commission with regards to increasing laundry facilities; careful attention to ingress/egress issues, concerns with left turn lane, massing, building siting, and color scheme preferences.
On May 10, 2022, Burbank Housing was awarded an allocation for FY 2022-2023 CDBG and HOME by the Sonoma County Community Development Commission (“Sonoma County CDC”) in the aggregate amount of $1,220,250 for the Dry Creek Commons Project.
On September 27, 2022, the Planning Commission adopted Resolution No. 2022-13, and approved an Initial Study/Mitigated Negative Declaration (“Dry Creek IS/MND”) and its accompanying Mitigated Monitoring and Reporting Program (“MMRP”) for the Dry Creek Commons Project. The Dry Creek IS/MND was made available for a 30-day public review period from July 15, 2022, to August 15, 2022. Further, the Planning Commission adopted Resolution No. 2022-14, and approved Design Review Application DR 2022-01 to construct a 58-unit multi-family building, consisting of twenty-eight (28) 1-bedroom units, fifteen (15) 2- bedroom units, and fifteen (15) 3-bedroom units to be available for rental at affordable rents to extremely low, very-low, and lower-income households, and associated onsite amenities located within the Mixed-Use zoning district. Additionally, Resolution No. 2022-14 approved the
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Density Bonus application for the construction of a four-story affordable multi-family building and associated site improvement.
Finally, Resolution No. 2022-14, also included five (5) waivers upon findings by the Planning Commission that there would be no specific adverse impacts upon public health and safety, the physical environment or any real property listed in the California Register of Historical Resources for which there is no feasible method to satisfactorily mitigate or avoid the specific adverse impact without rendering the development unaffordable to targeted households: (1) Eliminate the covered parking requirement; (2) Allow for increased height; (3) Reduce open space requirement; (4) Remove requirement for parking lot trees; and (5) Increase height for parking lot lighting.
On May 9, 2023, Burbank was awarded an allocation of FY 2023-2024 CDBG and HOME by the Sonoma County CDC in the aggregate amount of $471,895 for the Dry Creek Commons Project.
In July of 2023, Burbank Housing applied to the California Department of Housing and Community Development’s Multifamily Finance Super Notice of Funding Availability for the Joe Serna, Jr. Farmworker Housing Grant Program in the amount of $9,709,674 and anticipates an award notification in early February.
On September 5, 2023, the City Council adopted a resolution approving a DDA between the City and Burbank that established the terms and conditions that govern the sale of the Site to Burbank and the development of the Dry Creek Commons Project on the Site by Burbank.
On November 17, 2023, Burbank was awarded a commitment of fourteen (14) Section 8 ProjectBased Vouchers by the Sonoma County CDC that will provide additional financial assistance for the Dry Creek Commons Project in the form of rental subsidies.
DISCUSSION/ANALYSIS:
Staff recommends that the City Council adopt a resolution and issue a letter of commitment in support of the Dry Creek Commons Project's application for the 9% Low-Income Housing Tax Credit (LIHTC). This support includes a conditional funding commitment of $1 million from the City.
Burbank is requesting an allocation of $1 million from Measure S Affordable Housing Fund to partially finance the Dry Creek Commons Project. This financial commitment is pivotal in strengthening Burbank's application for the State of California's 9% LIHTC program, which, if awarded, would provide the bulwark of funding for the Project.
Funding commitments from local public agencies play a vital role in the LIHTC program's competitive selection process. They signify local support and investment in affordable housing projects, ranging from financial contributions to providing land. In closely scored scenarios, such city commitments can be decisive, favorably impacting the allocation of these limited, highly coveted tax credits.
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The City’s commitment letter, along with other external funding sources, will increase the competitiveness of Dry Creek Commons Project in the LIHTC program. Staff also highlights the strategic significance of this application's timing in managing Healdsburg's housing development pipeline effectively. By spreading out project applications, the City can avoid direct competition between local projects and optimize the competitiveness of each application within the broader framework of the city's housing initiatives.
The deadline for the 9% LIHTC program applications is February 13, 2024. The California Tax Credit Allocation Committee (TCAC) does not accept commitment letters after this deadline, distinguishing it from other affordable housing programs. The timely submission of the resolution and the accompanying letter requested of the City Council is essential to adhere to TCAC's requirements.
Project Description
Overview: The proposed project aims to transform a vacant 3.53-acre City-owned in-fill site at 155 Dry Creek Road, Healdsburg, into a vibrant community featuring 58 high-density affordable rental housing units. These units are designed to cater to the needs of extremely low-, very low-, and low-income families, with an additional six units designated as permanent supportive housing in partnership with Reach for Home. Moreover, the project prioritizes the preservation of the Foss Creek watershed and riparian corridor while mitigating wetland impacts on-site at a 2:1 ratio; undoubtedly, an extremely unique feature of an affordable housing development with resultant development cost implications.
Project Details: This project comprises two four-story apartment buildings, totaling 61,470 gross square feet, connected by an above-ground pedestrian bridge. The buildings offer a mix of one-, two-, and three-bedroom units ranging from 500 to 950 square feet. To support residents, the development includes 3,105 square feet of amenities such as multipurpose common spaces, a laundry room, bike storage, reception areas, and offices for property management and resident services. Additionally, there are 104 off-street parking spaces and 50 secure indoor bicycle spaces, with an additional 10 bicycle parking spaces at building entrances to encourage alternative transportation.
All units, except for the manager's unit, will be available to households earning between 30-60% of the area median income. Six of these units will be prioritized for extremely low-income households through Reach for Home.
Design: The project design harmonizes with the urban character of Dry Creek Road, the adjacent commercial and industrial surroundings, and the residential community. Two four-story buildings connected by a bridge create a visual link to the wetlands. Articulation and streetfacing entrances enhance the pedestrian environment. Pedestrian-scale lighting fosters a walkable streetscape, and ground-floor spaces, including community rooms, bicycle storage, management offices, and resident services, activate the street frontage.
Detailed Features of Dry Creek Commons:
• Residential Units: The complex includes a total of 58 residential units, comprising twenty-eight 1-bedroom, fifteen 2-bedroom, and fifteen 3-bedroom units ranging from
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approximately 500 to 950 square feet. Excluding one Manager's Unit, which is a 1- bedroom unit, all are designated for affordable housing with a 55-year minimum commitment.
• Parking and Transportation: To support residents' transportation needs, the development offers 104 surface parking spaces and 60 bicycle spaces, encouraging both vehicle and bicycle use. Fifty (50) of these bicycle spaces are in a secure indoor area. • Common Spaces and Environmental Features: The project boasts approximately 6,225 square feet of outdoor common space and 2,273 square feet of indoor common space. Environmental initiatives include the preservation and restoration of the Foss Creek riparian corridor, creation of on-site wetlands, and comprehensive landscaping improvements, reflecting the project’s commitment to ecological balance and community well-being.
Unit Mix & Affordability
The Dry Creek Commons project will provide 58 units of housing as outlined in the chart below.
Please note that funding sources like the Joe Serna Jr. Farmworker Housing program and LIHTC program have specific affordability requirements that are reflected in the unit mix.
AMI 30% 45% 50% 60%
PSH (6 units)
1 BDR 5
2 BDR 1
3 BDR
Farmworker (27 units)
1 BDR 1 3 3 3
2 BDR 1 3 2 3
3 BDR 2 2 3 1
General Restricted (24 units)
1 BDR 12
2 BDR 2 3
3 BDR 2 5
LIHTC Rent Limits
1 BDR $708.00 $1,062.00 $1,180.00 $1,416.00
2 BDR $849.00 $1,274.00 $1,416.00 $1,699.00
3 BDR $981.00 $1,472.00 $1,635.00 $1,962.00
Dry Creek Commons Funding
In the context of affordable housing, the term 'funding stack' refers to the combination of multiple funding sources needed to ensure project completion while maintaining rent affordability. The Dry Creek Commons Project exemplifies this approach utilizing both local, federal, and state funding sources as follows:
Source of Funding Amount Source Funding Status
Conventional Perm Loan $3,443,000 Private Financing Proposed
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Sonoma County HOME $612,751 Federal Awarded
Sonoma County CDBG $1,079,394 Federal Awarded
HCD Joe Serna Jr. $9,709,674 State Pending Award
Notification
City of Healdsburg Proposed
Loan
$1,000,000 Measure S Proposed
City of Healdsburg Donated
Land*
$2,610,000 RDA Proposed
Limited Partners $23,439,480 Tax Credit Equity Applying 2/13/24 Total $41,894,299
City Sources
*The City purchased the Site in 2004 for $1,850,000 in 2003, the current appraised value is $2,610,000.
Land Donation: Consistent with the DDA, the Site, which the Redevelopment Agency acquired for $1,850,000 in 2003, is being provided to the Project for a nominal fee of $1. The recent appraisal of the Site, conducted as a part of the DDA, valued the land at $2,610,000, which is the amount Burbank will add to their LIHTC application. This significant reduction in land cost, well below market value, greatly enhances the competitiveness of the LIHTC application for the Dry Creek Commons Project. The Site is currently in escrow, awaiting transfer upon Burbank securing financing for site preparation, planning, design, construction, and issuance of building permits by the City for implementation of on-site and off-site improvements.
Measure S: Measure S, passed in 2016, is a hotel tax measure with the specific designation for affordable housing services and programs. The Dry Creek Commons Project is in direct alignment with the intent of this measure. Burbank has requested that the City adopt a resolution committing $1 million of Measure S funding through a loan agreement to the Project and authorizing the Mayor to send a letter of City support for Burbank’s LIHTC application to the State Tax Credit Allocation Committee (TCAC) for the Dry Creek Commons Project. The loan would only be issued if Burbank’s LIHTC application to TCAC is awarded.
Staff recommend using Measure S funds to support a deferred loan for the Dry Creek Commons Project. The principal amount of the $1 million loan would bear 3% simple interest, with all principal and accumulated interest due and payable at the end of the 55-year term, which is consistent with the Project’s period of affordability. The use of deferred loans in affordable housing projects is a strategic approach to alleviate initial financial pressure, ensuring long-term viability and affordability. This method is consistent with established municipal lending practices aimed at enhancing affordable housing stock.
The City's contribution to the project, including the land donation and loan, if approved, would amount to approximately $3,610,000, or roughly $62,241 per unit. Note that for every dollar of the proposed City contribution, approximately $10.61 will be leveraged from other sources, reflecting the significant external funding in relation to the City's investment.
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City Goals & Planning Efforts
The development of Dry Creek Commons Project is strategically aligned with the City’s established goals and state-mandated housing programs. This alignment is explicitly reflected in the 2023-2024 City Council goals and the 6th Cycle General Plan Housing Element, underscoring the Project's critical role in the City's Strategic Initiative on Affordable Housing.
Additionally, Dry Creek Commons Project plays a pivotal role in meeting the City’s requirements under the Regional Housing Needs Allocation (RHNA), which is required by the State and, if not met, has punitive repercussions.
Disposition and Development Agreement
The DDA by and between the City and Burbank establishes the terms that govern the sale of the Site and development of the Dry Creek Commons Project. It also provides assurances and remedies for the City to ensure that the City’s investment leads to a successful project.
The DDA provides that the City’s obligation to proceed with closing of the sale of the Site to Burbank is subject to the fulfillment of several conditions, for the benefit of City, including:
(i) Burbank shall have secured City approval of plans and specifications for off-site public improvements, executed a Public Improvement Agreement, and delivered payment and performance bonds to the City;
(ii) Burbank has executed the Grant Deed, Memorandum of Agreement, and Affordable Housing Covenant, and caused its lienholders/lenders to execute a Subordination Agreement to subordinate their liens as against the Affordable Housing Covenant; (iii) Burbank has delivered all closing costs into escrow; (iv) City has approved Burbank’s evidence of financing; (v) Burbank has provided proof of required insurance coverage; (vi) City has approved Burbank’s general contractor and the construction contract; (vii) Burbank’s construction loan(s) shall have closed or be ready to close; (viii) Burbank has secured all other governmental permits and City has approved the construction drawings and is ready to issue a building permit for construction of the affordable housing project improvements; and
(ix) Burbank has paid current all development fees or City has agreed to defer said fees until issuance of a certificate of occupancy.
The DDA also requires the recordation of a Storm Drain Easement Deed and Emergency Vehicle Access Easement, in accordance with the project entitlements, prior to issuance of a certificate of occupancy.
Surplus Land Act
The terms of the DDA conform to the requirements of Government Code Section 37364. The sale of the Site to Burbank involves the transfer of "exempt surplus land" under Government Code Section 54221 (f) (1) (A) and is not subject to the requirements of the Surplus Land Act pursuant to Government Code Section 54222.31. Further, on January 18, 2024, the California Department of Housing and Community Development provided written confirmation to the City
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that it agreed with the City’s determination that the Site, subject to the terms of the DDA, qualifies as “exempt surplus land” under Government Code Section 54221 (f) (1) (A).
Aligning Affordable Housing Timelines & Funding
In the context of the 6th Cycle of our Housing Element, the City Housing Department has anticipated funding needs for several affordable housing projects. Among these, 155 Dry Creek and Saggio Hills are the most significant City-sponsored projects, accounting for nearly 38% of our 6th Cycle RHNA.
Given their significance, the timing and coordination of these projects is crucial. Provided below is an overview of the anticipated funding requirements and timing for these identified projects:
Project Funding Need Timing Funding
Source
Percent of 6th Cycle RHNA
155 Dry Creek $1M 2024 Measure S 12.8%
Saggio Hills $1-$1.5M July 2024 Measure S 24.79%
Scattered Site Project $319,142 March 2024 Inclusionary Housing
8.19%
Totals $2.31-2.8M ~ 46%
The projects listed above not only contribute to meeting RHNA targets in general, but also significantly address the state's requirement for extremely-low-to-low-income units. This aspect is particularly relevant for two reasons:
• First, it directly supports City housing production goals, demonstrating early progress in the 6th Cycle RHNA, which is vital.
• Second, it impacts the annual evaluation under SB 35 (California Government Code Section 65913.4), a California law enacted in 2017 to boost housing production. SB 35 streamlines the approval process for multifamily infill projects in jurisdictions not meeting their RHNA goals, particularly for projects providing a certain percentage of affordable units. As SB 35 penalties are assessed annually, jurisdictions failing to show adequate progress in housing production could be subject to streamlined housing approvals under this law.
Since the City of Healdsburg met its Regional Housing Needs Allocation (RHNA) Goals in the 5th Cycle of the Housing Element, it is not currently subject to the streamlined approval process under SB 35. This means that the City has demonstrated sufficient progress in its housing production goals as per the state's requirements for the 5th Cycle, thereby exempting it from the expedited approval processes mandated by SB 35 for jurisdictions not meeting their RHNA goals.
Advancing projects such as Dry Creek Commons early in the 6th housing cycle is a strategic move for Healdsburg. It not only ensures compliance with RHNA obligations but also helps in managing the city's exposure to SB 35, which imposes limits on local control over land use
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approvals. This proactive approach in the housing cycle is key to maintaining Healdsburg's autonomy in housing development and planning.
Commitment Letter
The funding commitment letter (Attachment B), vital for the Low-Income Housing Tax Credit (LIHTC) competitive program, is crafted to mirror the protections and remedies already realized in the DDA between the City and Burbank.
This approach ensures that the City's funding commitment is protected under the terms of the DDA, and staff will return to Council with draft loan agreements for approval if Burbank is awarded LIHTC financing.
ENVIRONMENTAL STEWARDSHIP:
The Dry Creek Commons Project is subject to the California Environmental Quality Act ("CEQA") and the environmental effects were evaluated in the Dry Creek IS/MND prepared for and adopted by the Planning Commission on September 27, 2022, pursuant to Resolution No. 2022-13 (“CEQA Resolution”). The analysis contained in the Dry Creek IS/MND concluded that with the adoption and implementation of mitigation measures the Dry Creek Commons Project will not have a significant effect on the environment.
ALTERNATIVES:
Alternative action: The City Council may propose incorporating specific modifications prior to City Council approval or request additional information from staff.
FISCAL IMPACT:
The sale price of the Site, originally purchased by the Redevelopment Agency for $1,850,000 in 2003, is set at $1 pursuant to the terms of the Disposition and Development Agreement (DDA).
The proposed $1,000,000 loan will come from the Measure S Affordable Housing Fund and shall bear three percent (3%) per annum, simple interest, structured as a residual receipts loan. The term of the loan is proposed to align with the Project’s period of affordability, set for 55 years.
Staff will return to the City Council upon Burbank’s successful LITHC award with finalized loan agreements.
ENVIRONMENTAL ANALYSIS:
The Dry Creek IS/MND (State Clearinghouse# 2022070272) has been prepared for the Dry Creek Commons Project pursuant to CEQA. The Dry Creek IS/MND identified areas where mitigation was necessary to avoid potentially significant impacts. Those areas included aesthetics, air quality, biological resources, cultural resources, geology, hazards/hazardous materials, hydrology, noise, recreation, and transportation/traffic. While it was found that the project could have a potentially significant effect on the areas outlined above, there will not be a significant effect in this case because mitigation measures have been put in place to reduce those potentially significant effects to less than significant.
The Dry Creek IS/MND was made available for a 30-day public review period from July 15, 2022, to August 15, 2022. The City received one comment letter from reviewing agencies from the California Department of Fish and Wildlife.
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ATTACHMENT(S):
Resolution
Attachement A_sitemap
Draft - City Committment Letter
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CITY OF HEALDSBURG
RESOLUTION NO. - 2024
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HEALDSBURG SUPPORTING THE DRY CREEK COMMONS
AFFORDABLE HOUSING PROJECT’S APPLICATION FOR
THE 9% LOW-INCOME HOUSING TAX CREDIT (LIHTC)
PROGRAM AND ISSUING A FUNDING COMMITMENT
LETTER OF $1,000,000 MEASURE S AFFORDABLE
HOUSING FUNDS
WHEREAS, in 2003, the former Redevelopment Agency of the City of Healdsburg (“Redevelopment Agency”) acquired the property at 155 Dry Creek Road, Healdsburg, APN 089- 071-002 ("Site"), for development of low-to-moderate-income housing, and following the dissolution of the Redevelopment Agency in 2012, the City Council elected to have the City retain the housing assets and functions of the Redevelopment Agency; and WHEREAS, on January 15, 2021, the City issued a Request for Qualifications for affordable housing development at the Site, leading to Burbank Housing Development Corporation's (“Burbank”) selection as the preferred developer of the Site; and WHEREAS, on April 19, 2021, the City and Burbank entered into an Exclusive Negotiating Rights Agreement which established procedures, standards, and timelines for the submittal and processing of applications for land use entitlements needed to develop the Site with affordable housing, due diligence review to be conducted by Burbank regarding the physical condition of the Site and review of title, and the negotiation of the terms and conditions of a Disposition and Development Agreement (“DDA”) pursuant to which the City will convey the Site to Burbank on the condition that specified development activities will be undertaken by Burbank in a timely manner on the Site; and
WHEREAS, in accordance with the ENA, the City and Burbank actively engaged in community outreach, with a key virtual meeting on January 12, 2022, leading to valuable feedback from the Planning Commission and subsequent approval of the environmental review conducted in accordance with the California Environmental Quality Act and necessary land use entitlements for the development and construction of a 58-unit multi-family building, consisting of twenty-eight (28) 1-bedroom units, fifteen (15) 2-bedroom units, and fifteen (15) 3-bedroom units to be available for rental at affordable rents to extremely low, very-low, and lower-income households, associated onsite amenities, and preservation of the Foss Creek watershed and riparian corridor while mitigating wetland impacts (“Dry Creek Commons Project”), on September 27, 2022; and
WHEREAS, on September 5, 2023, the City Council adopted a resolution approving a Disposition and Development Agreement (“DDA”) between the City and Burbank governing the terms and conditions of sale of the Site to Burbank and the development of the Dry Creek Commons Project on the Site by Burbank; and
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Packet Pg. 261 Attachment: Resolution [Revision 1] (4329 : Dry Creek Commons Funding) Resolution No. -2024