Indio City Council
March 18, 2026

Independent auditor's report and the City's Annual Comprehensive Financi... Page 396 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
OTHER FINANCING USES:

Transfers out 20,321,099 20,596,629 28,885,311 (8,288,682) Total other financing sources (uses) 20,321,099 20,596,629 28,885,311 (8,288,682) Total charges to appropriation 123,040,733 123,392,227 122,074,414 1,317,813 NET CHANGE IN FUND BALANCE (2,150,848)$ (2,278,558) $ 13,003,347 15,281,905 $ FUND BALANCE:

Beginning of year 62,690,834
End of year 75,694,181$
City of Indio
Required Supplementary Information (Unaudited)
Budgetary Comparison Schedule - General Fund (Continued) For the Year Ended June 30, 2025
Budgeted Amounts
109

Independent auditor's report and the City's Annual Comprehensive Financi... Page 397 of 596 This page intentionally left blank.
110

Independent auditor's report and the City's Annual Comprehensive Financi... Page 398 of 596 City of Indio
Required Supplementary Information (Unaudited)
Notes to the Budgetary Comparison Schedules
For the Year Ended June 30, 2025
Budget and Budgetary Accounting
Before the beginning of the fiscal year, the City Manager submits to the City Council a proposed budget for the year commencing the following July 1. Public hearings are then conducted to obtain taxpayer comments and the budget is subsequently adopted through passage of a resolution.

All appropriated amounts are as originally adopted or as amended by the City Council and lapse at year-end.

Encumbrances and continuing appropriations are rebudgeted on July 1 by Council action. Original appropriations may be modified by supplementary budget revisions and transfers among budget categories. The City Council approves all budget changes at the department level (e.g., City Manager, Finance, Police Administration, Engineering, etc.). The City Manager is authorized to make budget transfers within departments.

Formal budgetary integration is employed as a management control device during the year for general, certain special revenue, certain debt service and certain capital projects funds. Budgets for these funds are adopted on a basis consistent with accounting principles generally accepted in the United States. During the fiscal year ended June 30, 2025, no budgets were adopted for Unclaimed Property Special Revenue Fund, NPDES Special Revenue Fund, Neighborhood Stabilization 3 Special Revenue Fund, Emergency Abandon Reclcitrant Special Revenue Fund, Cal Emergency Management Grant Special Revenue Fund, Local Government Planning Support Grant Special Revenue Fund, and National Opioid Settlement Special Revenue Fund.
111

Independent auditor's report and the City's Annual Comprehensive Financi... Page 399 of 596 Measurement period 2014-15 2015-16 2016-17 2017-18 2018-19 Total pension liability
Service cost 2,054,043$ 2,144,177$ 2,353,967$ 2,307,248$ 2,315,791$ Interest on total pension liability 5,714,555 6,008,228 6,219,359 6,453,709 6,759,649 Changes in benefit terms - - - - - Changes in assumptions (1,451,365) - 5,371,466 (595,036) - Differences between expected and actual experience (717,418) (465,558) (1,493,433) (754,767) (90,046) Benefit payments, including refunds of employee contributions (3,385,987) (3,632,465) (3,747,998) (4,097,060) (4,695,594) Net change in total pension liability 2,213,828 4,054,382 8,703,361 3,314,094 4,289,800 Total pension liability - beginning 77,534,808 79,748,636 83,803,018 92,506,379 95,820,473 Total pension liability - ending (a) 79,748,636$ 83,803,018$ 92,506,379$ 95,820,473$ 100,110,273$ Pension fiduciary net position
Contributions - employer 2,446,688$ 2,619,245$ 2,858,434$ 3,032,168$ 3,330,987$ Contributions - employee 940,052 927,413 918,650 913,515 911,463 Net investment income 1,211,466 300,012 6,336,419 5,270,086 4,429,595 Benefit payments (3,385,987) (3,632,465) (3,747,998) (4,097,060) (4,695,594) Net plan to plan resource movement (123) - - (154) - Administration Expense (69,194) (33,618) (81,708) (96,029) (47,431) Other miscellaneous income/(expense) - - - (182,361) 154

Net change in plan fiduciary net position 1,142,902 180,587 6,283,797 4,840,165 3,929,174 Plan fiduciary net position - beginning1
54,018,053 55,160,955 55,341,542 61,625,339 66,465,504 Plan fiduciary net position - ending (b) 55,160,955$ 55,341,542 $ 61,625,339 $ 66,465,504 $ 70,394,678 $ Plan net pension liability - ending (a) - (b) 24,587,681$ 28,461,476 $ 30,881,040 $ 29,354,969 $ 29,715,595 $ Plan fiduciary net position as a percentage 69.17% 66.04% 66.62% 69.36% 70.32% of the total pension liability
Covered payroll2 11,307,076$ 12,067,635 $ 12,075,341 $ 11,882,620 $ 12,185,810 $ Plan net pension liability as a percentage of covered payroll 217.45% 235.85% 255.74% 247.04% 243.85% Notes to Schedule:

Changes of Assumptions: There were no assumption changes in 2023. Effective with the June 30, 2021 valuation date (June 30, 2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. In addition, demographic assumptions and the price inflation assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. The accounting discount rate was 7.15% for measurement dates June 30, 2017 through June 30, 2021, 7.65% for measurement dates June 30, 2015 through June 30, 2016, and 7.50% for measurement date June 30, 2014.

City of Indio
Required Supplementary Information (Unaudited)
Schedule of Changes in the Net Pension Liability and Related Ratios For the Year Ended June 30, 2025
Last Ten Fiscal Years
Agent Multiple-Employer Miscellaneous Plan
1 Includes any beginning of year adjustment.
2 Includes one year’s payroll growth using 2.80 percent growth assumption for fiscal year ended June 30, 2022 and 2023; 2.75 percent payroll growth assumption for fiscal years ended June 30, 2018-21; 3.00 percent payroll growth assumption for fiscal years ended June 30, 2014-17.

Benefit Changes: The figures above generally include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the Measurement Date. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the Valuation Date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary.

In 2022, SB 1168 increased the standard retiree lump sum death benefit from $500 to $2,000 for any death occurring on or after July 1, 2023. The impact, if any, is included in the changes of benefit terms.
112

Independent auditor's report and the City's Annual Comprehensive Financi... Page 400 of 596 Measurement period 2019-20 2020-21 2021-22 2022-23 2023-24 Total pension liability
Service cost 2,268,865$ 2,393,138$ 2,607,677$ 2,541,857$ 2,837,360$ Interest on total pension liability 7,076,401 7,410,874 7,686,952 8,130,641 8,591,957 Changes in benefit terms - - - 171,861 - Changes in assumptions - - 4,223,426 - - Differences between expected and actual experience 122,887 203,161 (1,183,034) 1,534,274 1,708,948 Benefit payments, including refunds of employee contributions (4,793,895) (5,071,353) (5,318,961) (5,756,168) (5,930,749) Net change in total pension liability 4,674,258 4,935,820 8,016,060 6,622,465 7,207,516 Total pension liability - beginning 100,110,273 104,784,531 109,720,351 117,736,411 124,358,876 Total pension liability - ending (a) 104,784,531$ 109,720,351$ 117,736,411$ 124,358,876$ 131,566,392$ Pension fiduciary net position
Contributions - employer 3,775,732$ 4,007,469$ 4,309,575$ 4,436,599$ 4,637,325$ Contributions - employee 996,854 978,865 1,079,887 1,030,309 1,218,499 Net investment income 3,514,437 16,830,524 (6,896,207) 5,173,936 8,585,685 Benefit payments (4,793,895) (5,071,353) (5,318,961) (5,756,168) (5,930,749) Net plan to plan resource movement - - - - - Administration Expense (99,239) (73,710) (56,351) (61,460) (71,933) Other miscellaneous income/(expense) - - - - -

Net change in plan fiduciary net position 3,393,889 16,671,795 (6,882,057) 4,823,216 8,438,827 Plan fiduciary net position - beginning1
70,394,678 73,788,567 90,460,362 83,578,305 88,401,521 Plan fiduciary net position - ending (b) 73,788,567$ 90,460,362 $ 83,578,305 $ 88,401,521 $ 96,840,348 $ Plan net pension liability - ending (a) - (b) 30,995,964$ 19,259,989 $ 34,158,106 $ 35,957,355 $ 34,726,044 $ Plan fiduciary net position as a percentage 70.42% 82.45% 70.99% 71.09% 73.61% of the total pension liability
Covered payroll2 12,330,786$ 13,437,045 $ 13,455,507 $ 13,252,643 $ 13,252,643 $ Plan net pension liability as a percentage of covered payroll 251.37% 143.34% 253.86% 271.32% 262.03% City of Indio
Required Supplementary Information (Unaudited)
Schedule of Changes in the Net Pension Liability and Related Ratios (Continued) For the Year Ended June 30, 2025
Last Ten Fiscal Years
Agent Multiple-Employer Miscellaneous Plan
113

Independent auditor's report and the City's Annual Comprehensive Financi... Page 401 of 596 Measurement period 2014-15 2015-16 2016-17 2017-18 2018-19 City's proportionate of the net pension liability 0.3687% 0.3611% 0.3554% 0.3716% 0.3469% City's proportionate share of the net pension liability 25,303,889$ 31,246,797$ 35,245,774$ 35,470,299$ 37,818,116$ Covered payroll1 6,236,527$ 6,624,055 $ 6,467,561 $ 6,451,760 $ 6,666,249 $ City's proportionate share of the net pension liability as a percentage of its covered payroll 405.74% 471.72% 544.96% 549.78% 567.31% Plan fiduciary net position as a percentage of
the total pension liability 78.40% 74.10% 73.30% 75.30% 75.30% Notes to Schedule:

City of Indio
Required Supplementary Information (Unaudited)
Schedule of the City's Proportionate Share of the Net Pension Liability and Related Ratios For the Year Ended June 30, 2025
Last Ten Fiscal Years
California Public Employees' Retirement System Defined Pension Plan - Safety Plan Changes of Assumptions: No change in 2024 and 2023. Effective with the June 30, 2021 valuation date (2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated, combined with risk estimates, and are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. The accounting discount rate was 7.15% for measurement 2020 through 2021. 1 Includes one year’s payroll growth using 2.80 percent growth assumption for fiscal year ended June 30, 2022 and 2023; 2.75 percent payroll growth assumption for fiscal years ended June 30, 2018-21; 3.00 percent payroll growth assumption for fiscal years ended June 30, 2014-17.

Benefit Changes: There were no changes in benefits.
114

Independent auditor's report and the City's Annual Comprehensive Financi... Page 402 of 596 Measurement period 2019-20 2020-21 2021-22 2022-23 2023-24 City's proportionate of the net pension liability 0.3512% 0.4994% 0.3953% 0.3953% 0.3965% City's proportionate share of the net pension liability 40,720,531$ 26,876,857$ 46,067,105$ 49,309,628$ 48,198,651$ Covered payroll1 7,696,899$ 6,750,274 $ 8,252,401 $ 7,936,607 $ 8,158,832 $ City's proportionate share of the net pension liability as a percentage of its covered payroll 529.05% 398.16% 558.23% 621.29% 590.75% Plan fiduciary net position as a percentage of
the total pension liability 75.10% 86.60% 63.45% 68.82% 68.82% City of Indio
Required Supplementary Information (Unaudited)
Schedule of the City's Proportionate Share of the Net Pension Liability and Related Ratios (Continued) For the Year Ended June 30, 2025
Last Ten Fiscal Years
California Public Employees' Retirement System Defined Pension Plan - Safety Plan 115

Independent auditor's report and the City's Annual Comprehensive Financi... Page 403 of 596 Fiscal year 2015-16 2016-17 2017-18 2018-19 2019-20
Actuarially determined contribution 2,619,245 $ 2,858,434 $ 3,032,168 $ 3,330,987 $ 3,775,732 $ Contributions in relation to the actuarially
determined contribution1 (2,619,245) (2,858,434) (3,032,168) (3,330,987) (3,775,732) Contribution deficiency (excess) - $ - $ - $ - $ - $ Covered payroll2 12,067,635$ 12,075,341 $ 11,882,620 $ 12,185,810 $ 12,330,786 $ Contributions as a percentage of covered payroll2 21.70% 23.67% 25.52% 27.33% 30.62% Notes to Schedule:

Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry Age Normal Cost Method
Amortization method Level percentage of payroll
Asset valuation method Fair Value Assets. For details, see June 30, 2022 Funding Valuation Report.

Inflation 2.30%
Salary increases Varies by entry age and service
Payroll Growth 2.80%
Investment rate of return
Retirement age
Mortality
City of Indio
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions - Pension
For the Year Ended June 30, 2025
Last Ten Fiscal Years
California Public Employees' Retirement System Defined Pension Plan - Miscellaneous Plan 1 Employers are assumed to make contributions equal to the actuarially determined contributions. However, some employers may choose to make additional contributions towards their unfunded liability. Employer contributions for such plans exceed the actuarially determined contributions. 2 Includes one year’s payroll growth using 2.80 percent growth assumption for fiscal yaer ended June 30, 2022 and 2023; 2.75 percent payroll growth assumption for fiscal years ended June 30, 2018-21; 3.00 percent payroll growth assumption for fiscal years ended June 30, 2014-17.

The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2024-25 were derived from the June 30, 2022 funding valuation report.

6.80% Net of Pension Plan Investment and Administrative Expenses; includes The probabilities of retirement are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions.

The probabilities of mortality are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. Mortality rates incorporate full generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries.
116

Independent auditor's report and the City's Annual Comprehensive Financi... Page 404 of 596 Fiscal year 2020-21 2021-22 2022-23 2023-24 2024-25
Actuarially determined contribution 4,007,469$ 4,309,575$ 4,436,599$ 4,637,325$ 5,029,009$ Contributions in relation to the actuarially
determined contribution1 (4,007,469) (4,309,575) (4,436,599) (4,637,325) (5,029,009) Contribution deficiency (excess) - $ - $ - $ - $ - $ Covered payroll2 13,437,045$ 13,455,507 $ 13,252,643 $ 13,252,643 $ 13,623,717 $ Contributions as a percentage of covered payroll2 29.82% 32.03% 33.48% 34.99% 36.91% City of Indio
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions - Pension (Continued)
For the Year Ended June 30, 2025
Last Ten Fiscal Years
California Public Employees' Retirement System Defined Pension Plan - Miscellaneous Plan 117

Independent auditor's report and the City's Annual Comprehensive Financi... Page 405 of 596 Fiscal year 2015-16 2016-17 2017-18 2018-19 2019-20
Actuarially determined contribution 2,567,055 $ 2,409,717 $ 2,977,907 $ 3,571,704 $ 4,143,360 $ Contributions in relation to the
actuarially determined contribution (2,567,055) (2,409,717) (2,977,907) (3,571,704) (4,143,360) Contribution deficiency (excess) - $ - $ - $ - $ - $ Covered payroll1
6,624,055$ 6,467,561 $ 6,451,760 $ 6,666,249 $ 7,696,899 $ Contributions as a percentage of covered payroll 38.75% 37.26% 46.16% 53.58% 53.83% 1 Notes to Schedule:

Methods and assumptions used to determine contribution rates:

Amortization method Level percentage of payroll
Discount rate 6.800%
Inflation 2.300%
Salary increases varies by entry age and service
Payroll Growth 2.800%
Retirement age
Mortality
City of Indio
Required Supplementary Information (Unaudited)
Schedule of Contributions - Pensions
Last Ten Fiscal Years
California Public Employees' Retirement System Defined Pension Plan - Safety Plan Includes one year’s payroll growth using 2.80 percent payroll growth assumption for fiscal years ended June 30, 2022-24; 2.75 percent payroll growth assumption for fiscal years ended June 30, 2018-21; 3.00 percent payroll growth assumption for fiscal years ended June 30, 2014-17.

The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2023-24 were derived from the June 30, 2021 funding valuation report.

The probabilities of Retirement are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015.

The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries.

For the Year Ended June 30, 2025
118

Independent auditor's report and the City's Annual Comprehensive Financi... Page 406 of 596 Fiscal year 2020-21 2021-22 2022-23 2023-24 2024-25
Actuarially determined contribution 4,675,712$ 5,570,612$ 5,060,688$ 5,152,162$ 5,956,285$ Contributions in relation to the
actuarially determined contribution (4,675,712) (5,570,612) (5,060,688) (5,152,162) (5,956,285) Contribution deficiency (excess) -$ -$ -$ -$ -$ Covered payroll1
6,750,274$ 8,252,401 $ 7,936,607 $ 8,158,832 $ 8,387,279 $ Contributions as a percentage of covered payroll. 69.27% 67.50% 63.76% 63.15% 71.02% City of Indio
Required Supplementary Information (Unaudited)
Schedule of Contributions - Pensions (Continued)
For the Year Ended June 30, 2025
Last Ten Fiscal Years
California Public Employees' Retirement System Defined Pension Plan - Safety Plan (Continued) 119

Independent auditor's report and the City's Annual Comprehensive Financi... Page 407 of 596 Measurement period 2016-171
2017-18 2018-19 2019-20 2020-21
Total OPEB liability
Service cost 766,105 $ 789,088 $ 1,059,988 $ 1,170,693 $ 1,396,868 $ Interest on the total OPEB liability 2,175,102 2,238,791 2,085,750 1,681,183 1,485,408 Changes in benefit terms - - - - - Difference between expected and actual experience - - (1,203,586) - 1,165,834 Changes of assumptions - 12,452,155 1,444,873 5,809,571 6,769,329 Benefit payments, including refunds of employee contributions (1,863,797) (1,885,304) (1,899,929) (1,955,604) (1,982,654) Implicit rate subsidy credit - - - - - Net change in total OPEB liability 1,077,410 13,594,730 1,487,096 6,705,843 8,834,785 Total OPEB liability - beginning 37,352,263 38,429,673 52,024,403 53,511,499 60,217,342 Total OPEB liability - ending (a) 38,429,673$ 52,024,403 $ 53,511,499 $ 60,217,342 $ 69,052,127 $ Pension fiduciary net position
Net investment income 84,532 $ 86,160 $ 108,437 $ 94,472 $ 365,842 $ Employer - contribution 1,994,056 1,975,214 1,975,767 1,980,041 2,030,041 Employer - implicit subsidy - - - - - Benefit payments (1,863,797) (1,885,304) (1,899,929) (1,955,604) (1,982,654) Implicit subsidy credit - - - - - Administrative expense (1,023) (1,230) (335) (860) (678) Other miscellaneous income/(expense) - - - - - Net change in plan fiduciary net position 213,768
174,840 183,940 118,049 412,551 Plan fiduciary net position - beginning 1,170,005 1,383,773 1,558,613 1,742,553 1,860,602 Plan fiduciary net position - ending (b) 1,383,773$ 1,558,613$ 1,742,553$ 1,860,602$ 2,273,153$ Plan net OPEB liability - ending (a) - (b) 37,045,900$ 50,465,790$ 51,768,946$ 58,356,740$ 66,778,974$ Plan fiduciary net position as a percentage 3.60% 3.00% 3.26% 3.09% 3.29% of the total OPEB liability
Covered employee payroll 31,815,516$ 26,345,041$ 27,980,084$ 27,980,084$ 27,664,394$ Plan net OPEB liability as a percentage
of covered employee payroll 116.44% 191.56% 185.02% 208.57% 241.39% Other Postemployment Benefits ("OPEB") Plan
1 The City adopted GASB 75 during the fiscal year ended June 30, 2018.

City of Indio
Required Supplementary Information (Unaudited)
Schedule of Changes in the Net OPEB Liability and Related Ratios For the Year Ended June 30, 2025
Last Ten Fiscal Years1
120

Independent auditor's report and the City's Annual Comprehensive Financi... Page 408 of 596 Measurement period 2021-22 2022-2023 2023-2024
Total OPEB liability
Service cost 2,581,334$ 1,666,100 $ 1,712,751 $ Interest on the total OPEB liability 1,453,544 2,001,983 2,339,970 Changes in benefit terms ---
Difference between expected and actual experience (2,113,957) 8,891,165 7,409,623 Changes of assumptions (15,038,689) (3,175,394) 3,580,339 Benefit payments, including refunds of employee contributions (1,879,699) (2,063,786) (2,944,525) Implicit rate subsidy credit (277,448) (314,230) 282,663 Net change in total OPEB liability (15,274,915) 7,005,838 12,380,821 Total OPEB liability - beginning 69,052,127 53,777,212 60,783,050 Total OPEB liability - ending (a) 53,777,212$ 60,783,050 $ 73,163,871 $ Pension fiduciary net position
Net investment income (285,925)$ 70,771 $ 86,374 $ Employer - contribution 1,879,699 2,063,786 2,944,525 Employer - implicit subsidy 277,448 314,230 (282,663) Benefit payments (1,879,699) (2,063,786) (2,944,525) Implicit subsidy credit (277,448) (314,230) 282,663 Administrative expense (575) (569) (662) Other miscellaneous income/(expense) - - 82,891 Net change in plan fiduciary net position (286,500) 70,202 168,603 Plan fiduciary net position - beginning 2,273,153 1,986,653 2,056,855 Plan fiduciary net position - ending (b) 1,986,653$ 2,056,855 $ 2,225,458 $ Plan net OPEB liability - ending (a) - (b) 51,790,559$ 58,726,195$ 70,938,413$
Plan fiduciary net position as a percentage 3.69% 3.38% 3.04% of the total OPEB liability
Covered employee payroll 28,840,521$ 26,876,063$ 27,628,593$ Plan net OPEB liability as a percentage
of covered employee payroll 179.58% 218.51% 256.76%
Other Postemployment Benefits ("OPEB") Plan
City of Indio
Required Supplementary Information (Unaudited)
Schedule of Changes in the Net OPEB Liability and Related Ratios (Continued) For the Year Ended June 30, 2025
Last Ten Fiscal Years
121

Independent auditor's report and the City's Annual Comprehensive Financi... Page 409 of 596 Fiscal year 2016-17 2017-2018 2018-19 2019-20 2020-21
Actuarially determined contribution 1,994,056 $ 2,706,641 $ 2,701,432 $ 2,474,265 $ 2,548,493 $ Contributions in relation to the
actuarially determined contribution (1,994,056) (1,975,214) (1,975,767) (1,980,041) (2,030,041) Contribution deficiency (excess) - $ 731,427$ 725,665 $ 494,224 $ 518,452 $ Covered-employee payroll 31,815,516$ 26,345,041 $ 27,980,084 $ 27,980,084 $ 27,664,395 $ Contributions as a percentage of covered-employee payroll 6.27% 7.50% 7.06% 7.08% 7.34% 1 Notes to Schedule:

Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry Age Normal Cost Method
Amortization method Closed period, level percentage of payroll Amortization period 24 years
Inflation 2.30%
Discount Rate 3.88%
Payroll Growth 2.80%
Healthcare trend rates 7.40%, trending down to 4.14%
Rate of return on assets 4.20%
City of Indio
Required Supplementary Information (Unaudited)
Schedule of Contributions - Other Postemployment Benefits For the Year Ended June 30, 2025
Last Ten Fiscal Years1
Other Postemployment Benefits ("OPEB") Plan
Historical information is presented only for measurement periods after GASB 75 implementation in fiscal year of 2018-19 (measurement period of 2017-18). Additional years of information will be displayed as it becomes available.

The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2023-204 were derived from the June 30, 2023 funding valuation report.
122

Independent auditor's report and the City's Annual Comprehensive Financi... Page 410 of 596 Fiscal year 2021-22 2022-23 2023-24 2024-25
Actuarially determined contribution 3,613,353$ 3,748,603$ 4,192,371$ N/A Contributions in relation to the
actuarially determined contribution (2,157,147) (2,378,016) (2,944,525) (3,364,707) Contribution deficiency (excess) 1,456,206$ 1,370,587$ 1,247,846$ N/A Covered-employee payroll 28,840,521$ 26,876,063 $ 27,628,593 $ 28,388,379 $ Contributions as a percentage of covered-employee payroll 7.48% 8.85% 10.66% 11.85% City of Indio
Required Supplementary Information (Unaudited)
Schedule of Contributions - Other Postemployment Benefits (Continued) For the Year Ended June 30, 2025
Last Ten Fiscal Years1
Other Postemployment Benefits ("OPEB") Plan (Continued) 123

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124

Independent auditor's report and the City's Annual Comprehensive Financi... Page 412 of 596

SUPPLEMENTARY INFORMATION
125

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126

Independent auditor's report and the City's Annual Comprehensive Financi... Page 414 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 53,098,225 $ 53,098,225 $ 30,427,611 $ (22,670,614) $ Use of money and property 35,000 35,000 679,629 644,629 Developer participation 3,550,000 3,550,000 3,026,877 (523,123) Miscellaneous - - 445,029 445,029 Total revenues 56,683,225 56,683,225 34,579,146 (22,104,079) Expenditures:

Current:

General government 422,907 422,907 83,956 338,951 Capital outlay 97,740,280 98,456,713 98,462,810 (6,097) Debt service:

Principal retirement - - 65,936 (65,936) Interest and fiscal charges - - 1,183 (1,183) Total expenditures 98,163,187 98,879,620 98,613,885 265,735

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (41,479,962) (42,196,395) (64,034,739) (21,838,344) OTHER FINANCING SOURCES (USES):

Transfers in 34,201,632 34,918,065 71,066,504 36,148,439 Transfers out (6,514,734) (6,514,734) (6,528,851) (14,117) Total other financing sources (uses) 27,686,898 28,403,331 64,537,653 36,134,322 NET CHANGE IN FUND BALANCE (13,793,064)$ (13,793,064) $ 502,914 14,295,978 $ FUND BALANCE:

Beginning of year 39,544,318
End of year 40,047,232$
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Capital Projects Fund
For the Year Ended June 30, 2025
Budgeted Amounts
127

Independent auditor's report and the City's Annual Comprehensive Financi... Page 415 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property - $ - $ 2,763,349$ 2,763,349 $ Total revenues - - 2,763,349 2,763,349 Expenditures:

Debt service:

Principal retirement 3,200,000 3,200,000 2,525,000 675,000 Interest and fiscal charges 6,786,495 6,786,495 6,548,508 237,987 Total expenditures 9,986,495 9,986,495 9,073,508 912,987

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (9,986,495) (9,986,495) (6,310,159) 3,676,336 OTHER FINANCING SOURCES (USES):

Transfers in 9,986,495 9,986,495 5,898,551 (4,087,944) Transfers out - - (42,872,376) (42,872,376) Total other financing sources (uses) 9,986,495 9,986,495 (36,973,825) (46,960,320) NET CHANGE IN FUND BALANCE -$ - $ (43,283,984) (43,283,984) $ FUND BALANCE:

Beginning of year 81,321,551
End of year 38,037,567$
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual General Debt Service Fund
For the Year Ended June 30, 2025
Budgeted Amounts
128

Independent auditor's report and the City's Annual Comprehensive Financi... Page 416 of 596

NONMAJOR GOVERNMENTAL FUNDS

SPECIAL REVENUE FUNDS
Special revenue funds are used to account for the proceeds of specific revenue sources (other than for debt service or capital projects) that are restricted by law or administrative action or committed to expenditures for specified purposes. Funds included are:

Gas Tax Fund - To account for the revenues and expenditures of the City’s proportionate share of gas tax monies collected by the State of California which are used for street construction and maintenance.

Traffic Safety Fund - To account for the true revenue and expenditures relating to the enforcement of, education for, and prosecution of a suspended or revoked driving privilege, unlicensed driver and persons driving under the influence of alcohol and/or drugs.

Public Safety Fund - To account for the revenues and expenditures of the City’s Proposition 172 sales tax restricted for public safety.

Supplemental Law Enforcement Fund - To account for the revenues and expenditures of the supplemental law enforcement grant.

Local Law Enforcement Block Grant (LLEBG) Fund - To account for the revenues and expenditures of the Local Law Enforcement Block grant.

Homeland Security Fund - To account for funds received from the Riverside County Operational Area Homeland Security Grant Program.

Abandoned Vehicle Fund - To account for cost associated with the removal and disposition of abandoned vehicles from private property and the State of California's partial reimbursement of those costs.

Unclaimed Property Fund - To account for revenues and expenditures associated with property seized during police activities.

Measure A Fund - To account for financial transactions in accordance with Measure A Local Transit Assistance Act regulations.

NPDES Fund - To account for revenue and expenditures related to the National Pollution Discharge Evaluation System (NPDES) State mandate.

Air Quality (AB2766/CMAQ) Fund - To account for the revenues and expenditures related to air pollution mitigation efforts.

HBRRP Fund - To account for Highway Bridge Replacement and Rehabilitation (HBRRP) grant funds used to improve the condition of the City’s bridges.

Waste Recycling AB939 Fund - To account for revenues and expenditures related to compliance with State of California Assembly Bill 939, which requires cities to divert 50% of their waste away from landfills.

Community Facilities District Fund - To account for the revenues and expenditures restricted to finance a portion of the cost of providing law enforcement, fire and paramedic services.

Certified Access Specialist SB 1186 Fund - To account for revenue and expenditures for funds received related to help bring local businesses into ADA compliance and develop tools to help educate the business community in expanding ADA access.

Indio Housing Authority Fund - To account for monies received and expended for housing related activities and housing functions.

Department of Conservation Recycle Grant Fund - To account for revenues and expenditures for grant funds received to promote can, bottle, and multi-family recycling.
129

Independent auditor's report and the City's Annual Comprehensive Financi... Page 417 of 596

NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)

SPECIAL REVENUE FUNDS (CONTINUED)
Public Education Government Channel Fund - To account for revenues and expenditures for public education government channel.

Neighborhood Stabilization Project Grant 2 Fund - To account for grant funds provided by the Recovery Act to address abandoned and foreclosed properties.

Neighborhood Stabilization Project Grant 3 Fund - To account for grant funds provided by the Recovery Act to address abandoned and foreclosed properties.

Lighting and Landscape Fund - To account for the revenues and expenditures restricted for the lighting and landscape maintenance program for 51 districts. Property owners are assessed their share of the cost for lighting and maintaining parkways and medians.

Asset Forfeiture Fund - To account for assets and cash confiscated in police narcotic raids that are restricted for public safety expenditures.

Community Developmen t Block Grant Fund - To accoun t for Federal funds directe d toward programs that improve low- income housing, public improvements, neighborhood programs, and community development needs.

Emergency, Abandoned and Recalcitrant Fund - To account for revenue and expenditures to abate emergency situations or to clean up abandoned or recalcitrant sites that pose a threat to human health, safety, and the environment, as a result of petroleum release from an underground storage tank.

Cal Emergency Management Fund - To account for the funds to be used for the Project Safe Neighborhoods.

Donations Fund - To account for donations to the City of items and funds for a designated purchase.

SB-1 Transportation Fund - To account for the revenues and expenditures of the City’s proportionate share of SB-1 monies collected by the State of California which are used for street construction and maintenance.

Community Transitiona l Housing Fund - To accoun t for transitional housing services throughou t the Cit y funded by the State of California.

Compost Mitigation Dillon Fund - To accoun
t for revenue received from the waste collectio n company for their share of maintenance costs of Dillon Road between 1-10 and Landfill Road.

Local Government Planning Support Grant Fund - To account for the Grant from the State of California’s Local Government Planning Support Grant Program as part of the Local Early Action Planning Grants Program (LEAP). LEAP provides funding to jurisdictions for the preparation and adoption of planning documents and process improvements that accelerate housing production and facilitate compliance in implementing the sixth cycle of the Regional Housing Need Assessment (RHNA).

Public Art In-Lieu Fund - To account for fees collected from developers in lieu of providing public art works within their development.
130

Independent auditor's report and the City's Annual Comprehensive Financi... Page 418 of 596

NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)

SPECIAL REVENUE FUNDS (CONTINUED)
Officer Wellness Grant Fund - To account for grant funds provided by the State for officer wellness and mental health resources.

Office of Traffic Safety Grant Fund - To account for federal grant funding distributed by the state used to support programs and enforce laws on impaired and distracted drivers, to enhance seat belt usage, and to increase motorcycle, pedestrian, and bicycle safety.

Indio Performing Arts Fund - To account for the Community Benefit Assessment (CBA) funds received from permitted Commercial Cannabis Storefront Retailers Businesses per Ordinance No. 1779.

Indio Arts Center Fund - To account for the Community Benefit Assessment (CBA) funds received from permitted Commercial Cannabis Storefront Retailers Businesses per Ordinance No. 1779.

National Opioid Settlement - To account for opioid settlements received for the purposes of opioid remediation focused on treatment and prevention to combat the opioid epidemic.

American Rescue Plan Act Fund - To account for federal funding received as part of the American Rescue Plan Act passed by Congress to provide funding for economic recovery for local governments resulting from economic hardship caused by the coronavirus pandemic.

DEBT SERVICE FUNDS
Debt service funds are used to account for specific revenues and report financial resources that are restricted, committed, or assigned to expenditure for principal and interest. Funds included are:

Judgment Bonds - To account for the revenues and debt service expenditures for the City’s 2017 Judgment Obligation Bonds. 131

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132

Independent auditor's report and the City's Annual Comprehensive Financi... Page 420 of 596 Supplemental
Law
Gas Tax Traffic Safety Public Safety Enforcement
ASSETS
Cash and investments 3,783,123 $ 385,568 $ 2,030,556 $ 422,022 $ Accounts receivable - - - - Taxes receivable 217,529 - 61,752 - Notes and loans receivable - - - - Due from other governments - - - - Property held for resale - - - - Restricted cash and investments with fiscal agents - - - - Total assets 4,000,652$ 385,568 $ 2,092,308 $ 422,022 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 238,709 15,233 120,996 105,119 Unearned revenues - - - - Deposits payable - - - - Due to other funds - - - - Total liabilities 238,709 15,233 120,996 105,119 Deferred inflows of resources:

Unavailable revenues 6,522 - - - Total deferred inflows of resources 6,522 - - - Fund balances:

Restricted 3,755,421 - 1,971,312 316,903 Committed - 370,335 - - Unassigned (deficit) - - - - Total fund balances 3,755,421
370,335 1,971,312 316,903
Total liabilities, deferred inflows of
resources and fund balances 4,000,652$ 385,568$ 2,092,308$ 422,022$ (Continued)
Special Revenue Funds
City of Indio
Combining Balance Sheet
June 30, 2025
Nonmajor Governmental Funds
133

Independent auditor's report and the City's Annual Comprehensive Financi... Page 421 of 596 Homeland Abandoned Unclaimed
LLEBG Security Vehicle Property
ASSETS
Cash and investments - $ - $ 322,311$ 201,641 $ Accounts receivable 38,533 - - - Taxes receivable - - - - Notes and loans receivable - - - - Due from other governments - 22,858 - - Property held for resale - - - - Restricted cash and investments with fiscal agents - - - - Total assets 38,533$ 22,858 $ 322,311 $ 201,641 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable - - - - Unearned revenues - - - - Deposits payable - - - 164,011 Due to other funds 20,200 22,858 - - Total liabilities 20,200 22,858 - 164,011 Deferred inflows of resources:

Unavailable revenues - 22,858 - - Total deferred inflows of resources - 22,858 - - Fund balances:

Restricted 18,333 - 322,311 37,630 Committed - - - - Unassigned (deficit) - (22,858) - - Total fund balances 18,333 (22,858) 322,311 37,630 Total liabilities, deferred inflows of
resources and fund balances 38,533$ -$ 322,311$ 201,641$ (Continued)
Special Revenue Funds
City of Indio
Combining Balance Sheet (Continued)
June 30, 2025
Nonmajor Governmental Funds
134

Independent auditor's report and the City's Annual Comprehensive Financi... Page 422 of 596 Measure A NPDES Air Quality HBRRP
ASSETS
Cash and investments 6,195,009$ 119,397$ 346,929$ 311,668$ Accounts receivable - - - - Taxes receivable 458,732 - - - Notes and loans receivable - - - - Due from other governments 121,950 - 31,564 - Property held for resale - - - - Restricted cash and investments with fiscal agents - - - - Total assets 6,775,691$ 119,397$ 378,493$ 311,668$

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 507,774 - 68,790 607 Unearned revenues - - - - Deposits payable - - - - Due to other funds - - - - Total liabilities 507,774 - 68,790 607 Deferred inflows of resources:

Unavailable revenues 121,762 - - - Total deferred inflows of resources 121,762 - - - Fund balances:

Restricted 6,146,155 119,397 309,703 311,061 Committed - - - - Unassigned (deficit) - - - - Total fund balances 6,146,155 119,397 309,703 311,061 Total liabilities, deferred inflows of
resources and fund balances 6,653,929$ 119,397$ 378,493$ 311,668$ (Continued)
June 30, 2025
City of Indio
Nonmajor Governmental Funds
Combining Balance Sheet (Continued)
Special Revenue Funds
135

Independent auditor's report and the City's Annual Comprehensive Financi... Page 423 of 596 Certified
Waste Communities Access
Recycling Facilities Specialist Indio Housing
AB939 District SB 1186 Authority
ASSETS
Cash and investments 315,968 $ 734,833 $ 203,478 $ 1,814,921 $ Accounts receivable 18,056 - - - Taxes receivable - - - - Notes and loans receivable - - - 5,784,573 Due from other governments 2,515 74,287 - - Property held for resale - - - 164,000 Restricted cash and investments with fiscal agents - - - - Total assets 336,539$ 809,120 $ 203,478 $ 7,763,494 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 41,306 - 5,031 5,015 Unearned revenues - - - - Deposits payable - - 733 - Due to other funds - 15,552 - - Total liabilities 41,306 15,552 5,764 5,015 Deferred inflows of resources:

Unavailable revenues - - - - Total deferred inflows of resources - - - - Fund balances:

Restricted 295,233 793,568 197,714 7,758,479 Committed - - - - Unassigned (deficit) - - - - Total fund balances 295,233 793,568 197,714 7,758,479 Total liabilities, deferred inflows of
resources and fund balances 336,539$ 809,120$ 203,478$ 7,763,494$ (Continued)
June 30, 2025
Nonmajor Governmental Funds
City of Indio
Combining Balance Sheet (Continued)
Special Revenue Funds
136

Independent auditor's report and the City's Annual Comprehensive Financi... Page 424 of 596 Public
Department of Education Neighborhood Neighborhood
Conservation Government Stabilization Stabilization
Recycle Grant Channel Grant 2 Grant 3
ASSETS
Cash and investments 223,017 $ 1,347,178 $ 859,323 $ 145,717 $ Accounts receivable - 32,102 - - Taxes receivable - - - - Notes and loans receivable - - 65,000 - Due from other governments - - - - Property held for resale - - - - Restricted cash and investments with fiscal agents - - - - Total assets 223,017$ 1,379,280 $ 924,323 $ 145,717 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 3,988 - 2,776 - Unearned revenues 202,711 - - - Deposits payable - - - - Due to other funds - - - - Total liabilities 206,699 - 2,776 - Deferred inflows of resources:

Unavailable revenues - - - - Total deferred inflows of resources - - - - Fund balances:

Restricted 16,318 1,379,280 921,547 145,717 Committed - - - - Unassigned (deficit) - - - Total fund balances 16,318
1,379,280 921,547 145,717
Total liabilities, deferred inflows of
resources and fund balances 223,017$ 1,379,280$ 924,323$ 145,717$ (Continued)
Special Revenue Funds
Nonmajor Governmental Funds
June 30, 2025
City of Indio
Combining Balance Sheet (Continued)
137

Independent auditor's report and the City's Annual Comprehensive Financi... Page 425 of 596 Emergency
Community Abandoned
Lighting and Asset Development and
Landscape Forfeiture Block Grant Recalcitrant
ASSETS
Cash and investments 2,812,536 $ 300,726 $ 2,209 $ 141,495 $ Accounts receivable - - - - Taxes receivable - - - - Notes and loans receivable - - - - Due from other governments 64,567 - 263,547 - Property held for resale - - - - Restricted cash and investments with fiscal agents - - - - Total assets 2,877,103$ 300,726 $ 265,756 $ 141,495 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 140,073 - 151,303 - Unearned revenues - - - - Deposits payable 3,570 191,526 - - Due to other funds 166,750 - - - Total liabilities 310,393 191,526 151,303 - Deferred inflows of resources:

Unavailable revenues - - 125,128 - Total deferred inflows of resources - - 125,128 - Fund balances:

Restricted 2,566,710 109,200 - 141,495 Committed - - - - Unassigned (deficit) - - (10,675) - Total fund balances 2,566,710 109,200 (10,675) 141,495 Total liabilities, deferred inflows of
resources and fund balances 2,877,103$ 300,726$ 265,756$ 141,495$ (Continued)
Special Revenue Funds
City of Indio
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
138

Independent auditor's report and the City's Annual Comprehensive Financi... Page 426 of 596 Cal Community
Emergency SB-1 Transitional
Management Donations Transportation Housing
ASSETS
Cash and investments 8,507 $ 51,717 $ 5,561,532 $ 113,545 $ Accounts receivable - - - - Taxes receivable - - - - Notes and loans receivable - - - - Due from other governments - - 436,071 - Property held for resale - - - - Restricted cash and investments with fiscal agents - - - - Total assets 8,507$ 51,717 $ 5,997,603 $ 113,545 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable - 1,305 367,500 539 Unearned revenues - - - 1,366 Deposits payable - - - - Due to other funds - - - - Total liabilities - 1,305 367,500 1,905 Deferred inflows of resources:

Unavailable revenues - - - - Total deferred inflows of resources - - - - Fund balances:

Restricted 8,507 50,412 5,630,103 111,640 Committed - - - - Unassigned (deficit) - - - - Total fund balances 8,507
50,412 5,630,103 111,640
Total liabilities, deferred inflows of
resources and fund balances 8,507$ 51,717$ 5,997,603$ 113,545$ (Continued)
City of Indio
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
Special Revenue Funds
139

Independent auditor's report and the City's Annual Comprehensive Financi... Page 427 of 596 Compost Local Government Officer
Mitigation Planning Public Art In- Wellness
Dillon Support Grant Lieu Grant
ASSETS
Cash and investments 89,258$ 11,183$ 742,168$ 33,084$ Accounts receivable 4,215 - 110,366 - Taxes receivable - - - - Notes and loans receivable - - - - Due from other governments - - - - Property held for resale - - - - Restricted cash and investments with fiscal agents - - - - Total assets 93,473$ 11,183$ 852,534$ 33,084$

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable - - 1,665 - Unearned revenues - - - - Deposits payable - - - - Due to other funds - - - - Total liabilities - - 1,665 - Deferred inflows of resources:

Unavailable revenues - - 45,073 - Total deferred inflows of resources - - 45,073 - Fund balances:

Restricted 93,473 11,183 805,796 33,084 Committed - - - - Unassigned (deficit) - - - - Total fund balances 93,473
11,183 805,796 33,084
Total liabilities, deferred inflows of
resources and fund balances 93,473$ 11,183$ 807,461$ 33,084$ (Continued)
City of Indio
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
Special Revenue Funds
140

Independent auditor's report and the City's Annual Comprehensive Financi... Page 428 of 596 Office of Indio National
Traffic Safety Performing Indio Arts Opioid
Grant Arts Center Settlement
ASSETS
Cash and investments -$ 12,962$ 12,962$ 415,074$ Accounts receivable - 3,953 3,953 - Taxes receivable - - - - Notes and loans receivable - - - - Due from other governments 45,425 - - - Property held for resale - - - - Restricted cash and investments with fiscal agents - - - - Total assets 45,425$ 16,915$ 16,915$ 415,074$

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 26,247 - - - Unearned revenues - - - - Deposits payable - - - - Due to other funds 2,893 - - - Total liabilities 29,140 - - - Deferred inflows of resources:

Unavailable revenues - - - - Total deferred inflows of resources - - - - Fund balances:

Restricted 16,285 - - 415,074 Committed - 16,915 16,915 - Unassigned (deficit) - - - - Total fund balances 16,285
16,915 16,915 415,074 Total liabilities, deferred inflows of
resources and fund balances 45,425$ 16,915$ 16,915$ 415,074$ (Continued)
Special Revenue Funds
June 30, 2025
City of Indio
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
141

Independent auditor's report and the City's Annual Comprehensive Financi... Page 429 of 596 Special Revenue Debt Service
Funds Fund
American Total
Rescue Plan Judgement Governmental
Act Bonds Funds
ASSETS
Cash and investments 527,906$ 22,731$ 30,622,254$ Accounts receivable - - 211,178 Taxes receivable - - 738,013 Notes and loans receivable - - 5,849,573 Due from other governments 38,715 - 1,101,499 Property held for resale - - 164,000 Restricted cash and investments with fiscal agents - 15,019 15,019 Total assets 566,621$ 37,750$ 38,701,536$

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 82,985 - 1,886,961 Unearned revenues 74,249 - 278,326 Deposits payable - - 359,840 Due to other funds - - 228,253 Total liabilities 157,234 - 2,753,380 Deferred inflows of resources:

Unavailable revenues - - 321,343 Total deferred inflows of resources - - 321,343 Fund balances:

Restricted 409,387 37,750 35,256,181 Committed - - 404,165 Unassigned (deficit) - - (33,533) Total fund balances 409,387 37,750 35,626,813 Total liabilities, deferred inflows of
resources and fund balances 566,621$ 37,750$ 38,701,536$ (Concluded)
City of Indio
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
142

Independent auditor's report and the City's Annual Comprehensive Financi... Page 430 of 596 Supplemental
Law
Gas Tax Traffic Safety Public Safety Enforcement
REVENUES:

Intergovernmental 2,552,891 $ - $ 801,153$ 273,731 $ Charges for services - - - - Use of money and property 145,876 - 103,486 24,531 Fines and forfeitures - 166,832 - - Special assessments - - - - Developer participation - - - - Miscellaneous - - - - Total revenues 2,698,767 166,832 904,639 298,262 EXPENDITURES:

Current:

General government - - - - Public safety - 46,542 428,806 500,054 Community development - - - - Community services - - - - Public works 1,282,385 - - - Capital outlay 124,778 - 521,258 - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 1,407,163 46,542 950,064 500,054

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 1,291,604 120,290 (45,425) (201,792) OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers out - - (119,103) - Total other financing sources (uses) - - (119,103) - NET CHANGES IN FUND BALANCES 1,291,604 120,290 (164,528) (201,792) FUND BALANCES (DEFICIT):

Beginning of year 2,463,817 250,045 2,135,840 518,695 End of year 3,755,421$ 370,335$ 1,971,312$ 316,903$ (Continued)
For the Year Ended June 30, 2025
Special Revenue Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances City of Indio
Nonmajor Governmental Funds
143

Independent auditor's report and the City's Annual Comprehensive Financi... Page 431 of 596 Homeland Abandoned Unclaimed
LLEBG Security Vehicle Property
REVENUES:

Intergovernmental 51,736 $ - $ 18,127$ - $ Charges for services - - - - Use of money and property - 60 14,205 8,361 Fines and forfeitures - - - 5,250 Special assessments - - - - Developer participation - - - - Miscellaneous - - - - Total revenues 51,736 60 32,332 13,611 EXPENDITURES:

Current:

General government - - - - Public safety 26,402 150,000 - - Community development - - - - Community services - - - - Public works - - - - Capital outlay - - - - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 26,402 150,000 - -

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 25,334 (149,940) 32,332 13,611 OTHER FINANCING SOURCES (USES):

Transfers in
- 119,103 - - Transfers out - - - - Total other financing sources (uses) - 119,103 - - NET CHANGES IN FUND BALANCES 25,334 (30,837) 32,332 13,611 FUND BALANCES (DEFICIT):

Beginning of year (7,001) 7,979 289,979 24,019 End of year 18,333$ (22,858)$ 322,311$ 37,630$ (Continued)
For the Year Ended June 30, 2025
Special Revenue Funds
City of Indio
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
144

Independent auditor's report and the City's Annual Comprehensive Financi... Page 432 of 596 Measure A NPDES Air Quality HBRRP
REVENUES:

Intergovernmental 3,112,742$ -$ 120,870$ 1,021,187$ Charges for services - - - - Use of money and property 260,531 5,875 14,321 2,480 Fines and forfeitures - - - - Special assessments - - - - Developer participation - - - - Miscellaneous - - - - Total revenues 3,373,273 5,875 135,191 1,023,667 EXPENDITURES:

Current:

General government - - - - Public safety - - - - Community development - - - - Community services - - - - Public works 893,114 - 93,725 152,703 Capital outlay 1,494,809 - 1,882 - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 2,387,923 - 95,607 152,703

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 985,350 5,875 39,584 870,964 OTHER FINANCING SOURCES (USES):

Transfers in
- - - - Transfers out - - - - Total other financing sources (uses) - - - - NET CHANGES IN FUND BALANCES 985,350 5,875 39,584 870,964 FUND BALANCES (DEFICIT):

Beginning of year 5,160,805 113,522 270,119 (559,903) End of year 6,146,155$ 119,397$ 309,703$ 311,061$ (Continued)
For the Year Ended June 30, 2025
Special Revenue Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
City of Indio
145

Independent auditor's report and the City's Annual Comprehensive Financi... Page 433 of 596 Certified
Waste Communities Access
Recycling Facilities Specialist Indio Housing
AB939 District SB 1186 Authority
REVENUES:

Intergovernmental 2,418$ -$ 46,192$ -$ Charges for services 280,427 - - - Use of money and property 16,745 32,039 8,677 98,447 Fines and forfeitures - - - - Special assessments - 5,144,431 - - Developer participation - - - - Miscellaneous - - - - Total revenues 299,590 5,176,470 54,869 98,447 EXPENDITURES:

Current:

General government 375,145 - 4,002 - Public safety - 63,125 - - Community development - - - 143,744 Community services - - - - Public works - - - - Capital outlay - - - - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 375,145 63,125 4,002 143,744

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (75,555) 5,113,345 50,867 (45,297) OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers out - (5,065,546) - - Total other financing sources (uses) - (5,065,546) - - NET CHANGES IN FUND BALANCES (75,555) 47,799 50,867 (45,297) FUND BALANCES (DEFICIT):

Beginning of year 370,788 745,769 146,847 7,803,776 End of year 295,233$ 793,568$ 197,714$ 7,758,479$ (Continued)
Special Revenue Funds
For the Year Ended June 30, 2025
City of Indio
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
146

Independent auditor's report and the City's Annual Comprehensive Financi... Page 434 of 596 Public
Department of Education Neighborhood Neighborhood
Conservation Government Stabilization Stabilization
Recycle Grant Channel Grant 2 Grant 3
REVENUES:

Intergovernmental 198,926$ -$ -$ -$ Charges for services - 138,306 - - Use of money and property 13,686 73,890 136,832 6,967 Fines and forfeitures - - - - Special assessments - - - - Developer participation - - - - Miscellaneous - - 83,132 - Total revenues 212,612 212,196 219,964 6,967 EXPENDITURES:

Current:

General government 198,927 - - - Public safety - - - - Community development - - 20,534 - Community services - - - - Public works - 359,251 - - Capital outlay - - - - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 198,927 359,251 20,534 -

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 13,685 (147,055) 199,430 6,967 OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers out - - - - Total other financing sources (uses) - - - - NET CHANGES IN FUND BALANCES 13,685 (147,055) 199,430 6,967 FUND BALANCES (DEFICIT):

Beginning of year 2,633 1,526,335 722,117 138,750 End of year 16,318 $ 1,379,280 $ 921,547 $ 145,717 $ (Continued)
For the Year Ended June 30, 2025
Special Revenue Funds
Nonmajor Governmental Funds
City of Indio
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) 147

Independent auditor's report and the City's Annual Comprehensive Financi... Page 435 of 596 Community Emergency
Lighting and Asset Development Abandoned
Landscape Forfeiture Block Grant Recalcitrant
REVENUES:

Intergovernmental - $ - $ 938,141$ - $ Charges for services - - - - Use of money and property 114,881 11,806 2,276 6,765 Fines and forfeitures - - - - Special assessments 1,865,414 - - - Developer participation - - - - Miscellaneous - - - - Total revenues 1,980,295 11,806 940,417 6,765 EXPENDITURES:

Current:

General government - - - - Public safety - 48 - - Community development - - 387,665 - Community services - - - - Public works 1,802,095 - - - Capital outlay - - - - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 1,802,095 48 387,665 -

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 178,200 11,758 552,752 6,765 OTHER FINANCING SOURCES (USES):

Transfers in 150,821 - - - Transfers out - - - - Total other financing sources (uses) 150,821 - - - NET CHANGES IN FUND BALANCES 329,021 11,758 552,752 6,765 FUND BALANCES (DEFICIT):

Beginning of year 2,237,689 97,442 (563,427) 134,730 End of year 2,566,710$ 109,200$ (10,675)$ 141,495$ (Continued)
Special Revenue Funds
For the Year Ended June 30, 2025
City of Indio
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
148

Independent auditor's report and the City's Annual Comprehensive Financi... Page 436 of 596 Cal Community
Emergency SB-1 Transitional
Management Donations Transportation Housing
REVENUES:

Intergovernmental 15,961 $ - $ 2,492,670$ 1,590 $ Charges for services - - - - Use of money and property - - 212,391 5,520 Fines and forfeitures - - - - Special assessments - - - - Developer participation - - - - Miscellaneous - 2,015 - - Total revenues 15,961 2,015 2,705,061 7,110 EXPENDITURES:

Current:

General government - 2,135 - - Public safety - - - - Community development - - - 1,290 Community services - - - - Public works - - - - Capital outlay - - 1,547,274 - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures - 2,135 1,547,274 1,290

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 15,961 (120) 1,157,787 5,820 OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers out - - - - Total other financing sources (uses) - - - - NET CHANGES IN FUND BALANCES 15,961 (120) 1,157,787 5,820 FUND BALANCES (DEFICIT):

Beginning of year (7,454) 50,532 4,472,316 105,820 End of year 8,507$ 50,412$ 5,630,103$ 111,640$ (Continued)
City of Indio
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
Special Revenue Funds
149

Independent auditor's report and the City's Annual Comprehensive Financi... Page 437 of 596 Compost Local Government Officer
Mitigation Planning Public Art In- Wellness
Dillon Support Grant Lieu Grant
REVENUES:

Intergovernmental -$ -$ -$ -$ Charges for services 10,776 - - - Use of money and property 3,676 397 49,230 2,013 Fines and forfeitures - - - - Special assessments - - - - Developer participation - - 222,694 - Miscellaneous - - - - Total revenues 14,452 397 271,924 2,013 EXPENDITURES:

Current:

General government - - - - Public safety - - - 14,364 Community development - - - - Community services - - 479,322 - Public works - - - - Capital outlay - - - - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures - - 479,322 14,364

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 14,452 397 (207,398) (12,351) OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers out - - - - Total other financing sources (uses) - - - - NET CHANGES IN FUND BALANCES 14,452 397 (207,398) (12,351) FUND BALANCES (DEFICIT):

Beginning of year 79,021 10,786 1,013,194 45,435 End of year 93,473$ 11,183$ 805,796$ 33,084$ (Continued)
Special Revenue Funds
City of Indio
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
150

Independent auditor's report and the City's Annual Comprehensive Financi... Page 438 of 596 Office of Indio National
Traffic Safety Performing Indio Arts Opioid
Grant Arts Center Settlement
REVENUES:

Intergovernmental 94,653$ 14,405$ 14,405$ 281,010$ Charges for services - - - - Use of money and property - 142 142 12,963 Fines and forfeitures - - - - Special assessments - - - - Developer participation - - - - Miscellaneous - - - - Total revenues 94,653 14,547 14,547 293,973 EXPENDITURES:

Current:

General government - - - - Public safety 81,544 - - - Community development - - - - Community services - - - - Public works - - - - Capital outlay - - - - Debt service:

Principal retirement - - - - Interest and fiscal charges - - - - Total expenditures 81,544 - - -

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 13,109 14,547 14,547 293,973 OTHER FINANCING SOURCES (USES):

Transfers in - - - - Transfers out - - - - Total other financing sources (uses) - - - - NET CHANGES IN FUND BALANCES 13,109 14,547 14,547 293,973 FUND BALANCES (DEFICIT):

Beginning of year 3,176 2,368 2,368 121,101 End of year 16,285$ 16,915$ 16,915$ 415,074$ (Continued)
City of Indio
Special Revenue Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
151

Independent auditor's report and the City's Annual Comprehensive Financi... Page 439 of 596 Special Revenue Debt Service
Funds Fund
American Total
Rescue Plan Judgement Governmental
Act Bonds Funds
REVENUES:

Intergovernmental 172,416$ -$ 12,225,224$ Charges for services - - 429,509 Use of money and property 63,728 15,230 1,468,169 Fines and forfeitures - - 172,082 Special assessments - - 7,009,845 Developer participation - - 222,694 Miscellaneous - - 85,147 Total revenues 236,144 15,230 21,612,670 EXPENDITURES:

Current:

General government - 4,840 585,049 Public safety - - 1,310,885 Community development - - 553,233 Community services - - 479,322 Public works - - 4,583,273 Capital outlay 172,417 - 3,862,418 Debt service:

Principal retirement - 715,000 715,000 Interest and fiscal charges - 450,822 450,822 Total expenditures 172,417 1,170,662 12,540,002

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 63,727 (1,155,432) 9,072,668 OTHER FINANCING SOURCES (USES):

Transfers in - 1,170,662 1,440,586 Transfers out - - (5,184,649) Total other financing sources (uses) - 1,170,662 (3,744,063) NET CHANGES IN FUND BALANCES 63,727 15,230 5,328,605 FUND BALANCES (DEFICIT):

Beginning of year 345,660 22,520 30,298,208 End of year 409,387 $ 37,750 $ 35,626,813 $ (Concluded)
City of Indio
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
152

Independent auditor's report and the City's Annual Comprehensive Financi... Page 440 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
Revenues:

Intergovernmental 2,504,877$ 2,504,877$ 2,552,891$ 48,014$ Use of money and property 14,654 14,654 145,876 131,222 Total Revenues 2,519,531 2,519,531 2,698,767 179,236 EXPENDITURES:

Current:

Public works 977,543 1,782,543 1,282,385 500,158 Capital outlay - 250,000 124,778 125,222 Total Expenditures 977,543 2,032,543 1,407,163 625,380

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 1,541,988 486,988 1,291,604 804,616 Other Financing (Uses):

Transfers out (3,515,777) (2,460,777) - 2,460,777 Total other financing (uses) (3,515,777) (2,460,777) - 2,460,777 NET CHANGE IN FUND BALANCE (1,973,789)$ (1,973,789)$ 1,291,604 3,265,393$ FUND BALANCE:

Beginning of year 2,463,817
End of year 3,755,421$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Gas Tax Special Revenue Fund
For the Year Ended June 30, 2025
153

Independent auditor's report and the City's Annual Comprehensive Financi... Page 441 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Fines and forfeitures 50,000 $ 50,000 $ 166,832 $ 116,832 $ Total Revenues 50,000 50,000 166,832 116,832 EXPENDITURES:

Current:

Public safety 65,000 65,000 46,542 18,458 Total Expenditures 65,000 65,000 46,542 18,458 NET CHANGE IN FUND BALANCE (15,000)$ (15,000) $ 120,290 135,290 $ FUND BALANCE:

Beginning of year 250,045
End of year 370,335$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Traffic Safety Special Revenue Fund
For the Year Ended June 30, 2025
154

Independent auditor's report and the City's Annual Comprehensive Financi... Page 442 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 839,565$ 839,565$ 801,153$ (38,412)$ Use of money and property - - 103,486 103,486 Total revenues 839,565 839,565 904,639 65,074 EXPENDITURES:

Current:

Public safety 632,710 1,201,468 428,806 772,662 Capital outlay - - 521,258 (521,258) Total expenditures 632,710 1,201,468 950,064 251,404

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 206,855 (361,903) (45,425) 316,478 Other Financing (Uses):

Transfers out - - (119,103) (119,103) Total other financing (uses) - - (119,103) (119,103) NET CHANGE IN FUND BALANCE 206,855$ (361,903)$ (164,528) 197,375$ FUND BALANCE:

Beginning of year 2,135,840
End of year 1,971,312$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Public Safety Special Revenue Fund
For the Year Ended June 30, 2025
155

Independent auditor's report and the City's Annual Comprehensive Financi... Page 443 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 213,000$ 213,000$ 273,731$ 60,731$ Use of money and property - - 24,531 24,531 Total Revenues 213,000 213,000 298,262 85,262 EXPENDITURES:

Current:

Public safety 480,000 556,935 500,054 56,881 Total Expenditures 480,000 556,935 500,054 56,881 NET CHANGE IN FUND BALANCE (267,000)$ (343,935)$ (201,792) 142,143$ FUND BALANCE:

Beginning of year 518,695
End of year 316,903$
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the Year Ended June 30, 2025
Budgeted Amounts
Supplemental Law Enforcement Special Revenue Fund
156

Independent auditor's report and the City's Annual Comprehensive Financi... Page 444 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 103,800$ 103,800$ 51,736$ (52,064)$ Total revenues 103,800 103,800 51,736 (52,064) EXPENDITURES:

Current:

Public safety 15,421 15,421 26,402 (10,981) Capital outlay 23,208 23,208 - 23,208 Total expenditures 38,629 38,629 26,402 12,227 NET CHANGE IN FUND BALANCE 65,171$ 65,171$ 25,334 (39,837)$ FUND BALANCE (DEFICIT):

Beginning of year (7,001)
$End of year 18,333$
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual LLEBG Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
157

Independent auditor's report and the City's Annual Comprehensive Financi... Page 445 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property -$ -$ 60$ 60$ Total revenues - - 60 60 EXPENDITURES:

Current:

Public safety - 150,000 150,000 - Total expenditures - 150,000 150,000 -

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES - (150,000) (149,940) 60 Other Financing Sources:

Transfers in - - 119,103 119,103 Total other financing sources - - 119,103 119,103 NET CHANGE IN FUND BALANCE -$ (150,000)$ (30,837) 119,163$ FUND BALANCE (DEFICIT):

Beginning of year 7,979
End of year (22,858)$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Homeland Security Special Revenue Fund
For the Year Ended June 30, 2025
158

Independent auditor's report and the City's Annual Comprehensive Financi... Page 446 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 23,000$ 23,000$ 18,127$ (4,873)$ Use of money and property - - 14,205 14,205 Total Revenues 23,000 23,000 32,332 9,332 EXPENDITURES:

Current:

Public safety 23,000 23,000 - 23,000 Total Expenditures 23,000 23,000 - 23,000 NET CHANGE IN FUND BALANCE -$ -$ 32,332 32,332$ FUND BALANCE:

Beginning of year 289,979
End of year 322,311$
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Abandoned Vehicle Special Revenue Fund
Budgeted Amounts
For the Year Ended June 30, 2025
159

Independent auditor's report and the City's Annual Comprehensive Financi... Page 447 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 2,728,000$ 2,728,000$ 3,112,742$ 384,742$ Use of money and property - - 260,531 260,531 Total Revenues 2,728,000 2,728,000 3,373,273 645,273 EXPENDITURES:

Current:

Public works 396,183 1,547,183 893,114 654,069 Capital outlay - 2,500,000 1,494,809 1,005,191 Total Expenditures 396,183 4,047,183 2,387,923 1,659,260

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 2,331,817 (1,319,183) 985,350 2,304,533 Other Financing (Uses):

Transfers out (7,066,042) (3,415,042) - 3,415,042 Total other financing (uses) (7,066,042) (3,415,042) - 3,415,042 NET CHANGE IN FUND BALANCE (4,734,225)$ (4,734,225)$ 985,350 5,719,575$ FUND BALANCE:

Beginning of year 5,160,805
End of year 6,146,155$
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Measure A Special Revenue Fund
Budgeted Amounts
For the Year Ended June 30, 2025
160

Independent auditor's report and the City's Annual Comprehensive Financi... Page 448 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 120,000$ 120,000$ 120,870$ 870$ Use of money and property - - 14,321 14,321 Total Revenues 120,000 120,000 135,191 15,191 EXPENDITURES:

Current:

Public works 151,900 151,900 93,725 58,175 Capital outlay - - 1,882 (1,882) Total Expenditures 151,900 151,900 95,607 56,293 NET CHANGE IN FUND BALANCE (31,900)$ (31,900)$ 39,584 71,484$ FUND BALANCE:

Beginning of year 270,119
End of year 309,703$
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Air Quality Special Revenue Fund
Budgeted Amounts
For the Year Ended June 30, 2025
161

Independent auditor's report and the City's Annual Comprehensive Financi... Page 449 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 2,865,139$ 2,865,139$ 1,021,187$ (1,843,952)$ Use of money and property - - 2,480 2,480 Total Revenues 2,865,139 2,865,139 1,023,667 (1,841,472) EXPENDITURES:

Current:

Public works - - 152,703 (152,703) Total Expenditures - - 152,703 (152,703)

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 2,865,139 2,865,139 870,964 (1,994,175) Other Financing (Uses):

Transfers out (1,834,048) (1,834,048) - 1,834,048 Total other financing (uses) (1,834,048) (1,834,048) - 1,834,048 NET CHANGE IN FUND BALANCE 1,031,091$ 1,031,091$ 870,964 (160,127)$ FUND BALANCE (DEFICIT):

Beginning of year (559,903)
End of year 311,061$
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual HBRRP Special Revenue Fund
Budgeted Amounts
For the Year Ended June 30, 2025
162

Independent auditor's report and the City's Annual Comprehensive Financi... Page 450 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental -$ -$ 2,418$ 2,418$ Charges for services 260,000 260,000 280,427 20,427 Use of money and property - - 16,745 16,745 Total Revenues 260,000 260,000 299,590 39,590 EXPENDITURES:

Current:

General government 515,374 515,374 375,145 140,229 Capital outlay 10,000 10,000 - 10,000 Total Expenditures 525,374 525,374 375,145 150,229 NET CHANGE IN FUND BALANCE (265,374)$ (265,374)$ (75,555) 189,819$ FUND BALANCE:

Beginning of year 370,788
End of year 295,233$
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Budgeted Amounts
Waste Recycling AB939 Special Revenue Fund
For the Year Ended June 30, 2025
163

Independent auditor's report and the City's Annual Comprehensive Financi... Page 451 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 12,800$ 12,800$ 32,039$ 19,239$ Special Assessments 4,567,560 4,567,560 5,144,431 576,871 Total Revenues 4,580,360 4,580,360 5,176,470 596,110 EXPENDITURES:

Current:

Public safety 19,898 19,898 63,125 (43,227) Total Expenditures 19,898 19,898 63,125 (43,227)

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 4,560,462 4,560,462 5,113,345 552,883 OTHER FINANCING (USES):

Transfers out (4,505,000) (4,505,000) (5,065,546) 560,546 Total other financing (uses) (4,505,000) (4,505,000) (5,065,546) 560,546 NET CHANGE IN FUND BALANCE 55,462$ 55,462$ 47,799 (7,663)$ FUND BALANCE:

Beginning of year 745,769
End of year 793,568$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Communities Facilities District Special Revenue Fund
For the Year Ended June 30, 2025
164

Independent auditor's report and the City's Annual Comprehensive Financi... Page 452 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 25,000$ 25,000$ 46,192$ 21,192$ Use of money and property - - 8,677 8,677 Total Revenues 25,000 25,000 54,869 29,869 EXPENDITURES:

Current:

General government 26,500 26,500 4,002 22,498 Total Expenditures 26,500 26,500 4,002 22,498 NET CHANGE IN FUND BALANCE (1,500)$ (1,500)$ 50,867 52,367$ FUND BALANCE:

Beginning of year 146,847
End of year 197,714$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Certified Access Specialist SB 1186 Special Revenue Fund For the Year Ended June 30, 2025
165

Independent auditor's report and the City's Annual Comprehensive Financi... Page 453 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 7,000$ 7,000$ 98,447$ 91,447$ Total Revenues 7,000 7,000 98,447 91,447 EXPENDITURES:

Current:

Community development 178,877 178,877 143,744 35,133 Total Expenditures 178,877 178,877 143,744 35,133

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (171,877) (171,877) (45,297) 126,580 OTHER FINANCING SOURCES:

Transfers in 269,120 269,120 - (269,120) Total other financing sources 269,120 269,120 - (269,120) NET CHANGE IN FUND BALANCE 97,243$ 97,243$ (45,297) (142,540)$ FUND BALANCE:

Beginning of year 7,803,776
End of year 7,758,479$
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Budgeted Amounts
Indio Housing Authority Special Revenue Fund
For the Year Ended June 30, 2025
166

Independent auditor's report and the City's Annual Comprehensive Financi... Page 454 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 32,960$ 198,926$ 198,926$ -$ Use of money and property - 13,686 13,686 - Total Revenues 32,960 212,612 212,612 - EXPENDITURES:

Current:

General government 12,960 198,927 198,927 - Total Expenditures 12,960 198,927 198,927 - NET CHANGE IN FUND BALANCE 20,000$ 13,685$ 13,685 -$ FUND BALANCE:

Beginning of year 2,633
End of year 16,318$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Department of Conservation Recycle Grant Special Revenue Fund For the Year Ended June 30, 2025
167

Independent auditor's report and the City's Annual Comprehensive Financi... Page 455 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Charges for services 199,000$ 199,000$ 138,306$ (60,694)$ Use of money and property - - 73,890 73,890 Total Revenues 199,000 199,000 212,196 13,196 EXPENDITURES:

Current:

Public works 700,000 700,000 359,251 340,749 Total Expenditures 700,000 700,000 359,251 340,749 NET CHANGE IN FUND BALANCE (501,000)$ (501,000)$ (147,055) 353,945$ FUND BALANCE:

Beginning of year 1,526,335
End of year 1,379,280$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Public Education Government Channel Special Revenue Fund For the Year Ended June 30, 2025
168

Independent auditor's report and the City's Annual Comprehensive Financi... Page 456 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 250,000$ 250,000$ 136,832$ (113,168)$ Miscellaneous - - 83,132 83,132 Total Revenues 250,000 250,000 219,964 (30,036) EXPENDITURES:

Current:

Community development 35,650 35,650 20,534 15,116 Total Expenditures 35,650 35,650 20,534 15,116 NET CHANGE IN FUND BALANCE 214,350$ 214,350$ 199,430 (14,920)$ FUND BALANCE:

Beginning of year 722,117
End of year 921,547$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Neighborhood Stabilization Grant 2 Special Revenue Fund For the Year Ended June 30, 2025
169

Independent auditor's report and the City's Annual Comprehensive Financi... Page 457 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 14,949$ 14,949$ 114,881$ 99,932$ Special Assessments 1,409,981 1,918,286 1,865,414 (52,872) Total Revenues 1,424,930 1,933,235 1,980,295 47,060 EXPENDITURES:

Current:

Public works 1,616,083 1,797,013 1,802,095 (5,082) Total Expenditures 1,616,083 1,797,013 1,802,095 (5,082)

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (191,153) 136,222 178,200 41,978 OTHER FINANCING SOURCES:

Transfers in 20,725 148,914 150,821 1,907 Total other financing sources 20,725 148,914 150,821 1,907 NET CHANGE IN FUND BALANCE (170,428)$ 285,136$ 329,021 43,885$ FUND BALANCE:

Beginning of year 2,237,689
End of year 2,566,710$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Lighting and Landscape Special Revenue Fund
For the Year Ended June 30, 2025
170

Independent auditor's report and the City's Annual Comprehensive Financi... Page 458 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property -$ -$ 11,806$ 11,806$ Total Revenues - - 11,806 11,806 EXPENDITURES:

Current:

Public safety 5,733 5,733 48 5,685 Total Expenditures 5,733 5,733 48 5,685 NET CHANGE IN FUND BALANCE (5,733)$ (5,733)$ 11,758 17,491$ FUND BALANCE:

Beginning of year 97,442
End of year 109,200$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Asset Forfeiture Special Revenue Fund
For the Year Ended June 30, 2025
171

Independent auditor's report and the City's Annual Comprehensive Financi... Page 459 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 876,226$ 876,226$ 938,141$ 61,915$ Use of money and property - - 2,276 2,276 Total Revenues 876,226 876,226 940,417 64,191 EXPENDITURES:

Current:

Community development 918,525 918,525 387,665 530,860 Total Expenditures 918,525 918,525 387,665 530,860 NET CHANGE IN FUND BALANCE (42,299)$ (42,299)$ 552,752 595,051$ FUND BALANCE (DEFICIT):

Beginning of year (563,427)
End of year (10,675)$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Community Development Block Grant Special Revenue Fund
For the Year Ended June 30, 2025
172

Independent auditor's report and the City's Annual Comprehensive Financi... Page 460 of 596 Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Miscellaneous -$ -$ 2,015$ 2,015$ Total Revenues - - 2,015 2,015 EXPENDITURES:

Current:

General government 10,000 10,000 2,135 7,865 Total Expenditures 10,000 10,000 2,135 7,865 NET CHANGE IN FUND BALANCE (10,000)$ (10,000)$ (120) 9,880$ FUND BALANCE:

Beginning of year 50,532
End of year 50,412$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Donations Special Revenue Fund
For the Year Ended June 30, 2025
173

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Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental 2,324,733$ 2,324,733$ 2,492,670$ 167,937$ Use of money and property - - 212,391 212,391 Total Revenues 2,324,733 2,324,733 2,705,061 380,328 EXPENDITURES:

Capital outlay - - 1,547,274 (1,547,274) Total Expenditures - - 1,547,274 (1,547,274)

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES 2,324,733 2,324,733 1,157,787 (1,166,946) OTHER FINANCING SOURCES (USES):

Transfers out (5,076,929) (5,076,929) - 5,076,929 Total other financing sources (uses) (5,076,929) (5,076,929) - 5,076,929 NET CHANGE IN FUND BALANCE (2,752,196)$ (2,752,196)$ 1,157,787 3,909,983$ FUND BALANCE:

Beginning of year 4,472,316
End of year 5,630,103$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual SB-1 Transportation Special Revenue Fund
For the Year Ended June 30, 2025
174

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Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental -$ -$ 1,590$ 1,590$ Use of money and property - - 5,520 5,520 Total Revenues - - 7,110 7,110 EXPENDITURES:

Current:

Community development 52,000 52,000 1,290 50,710 Total Expenditures 52,000 52,000 1,290 50,710 NET CHANGE IN FUND BALANCE (52,000)$ (52,000)$ 5,820 57,820$ FUND BALANCE:

Beginning of year 105,820
End of year 111,640$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Community Transitional Housing Special Revenue Fund
For the Year Ended June 30, 2025
175

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Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Charges for services 18,500$ 18,500$ 10,776$ (7,724)$ Use of money and property 500 500 3,676 3,176 Total Revenues 19,000 19,000 14,452 (4,548) NET CHANGE IN FUND BALANCE 19,000$ 19,000$ 14,452 (4,548)$ FUND BALANCE:

Beginning of year 79,021
End of year 93,473$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Compost Mitigation Dillon Special Revenue Fund
For the Year Ended June 30, 2025
176

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Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property 10,000$ 10,000$ 49,230$ 39,230$ Developer participation 200,000 200,000 222,694 22,694 Total Revenues 210,000 210,000 271,924 61,924 EXPENDITURES:

Current:

Community services 661,966 661,966 479,322 182,644 Total Expenditures 661,966 661,966 479,322 182,644 NET CHANGE IN FUND BALANCE (451,966)$ (451,966)$ (207,398) 244,568$ FUND BALANCE:

Beginning of year 1,013,194
End of year 805,796$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Public Art In-Lieu Special Revenue Fund
For the Year Ended June 30, 2025
177

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Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property -$ -$ 2,013$ 2,013$ Total Revenues - - 2,013 2,013 EXPENDITURES:

Current:

Public safety 44,933 44,933 14,364 30,569 Total Expenditures 44,933 44,933 14,364 30,569 NET CHANGE IN FUND BALANCE (44,933)$ (44,933)$ (12,351) 32,582$ FUND BALANCE:

Beginning of year 45,435
End of year 33,084$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Officer Wellness Grant Special Revenue Fund
For the Year Ended June 30, 2025
178

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Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental -$ 112,000$ 94,653$ (17,347)$ Total Revenues - 112,000 94,653 (17,347) EXPENDITURES:

Current:

Public safety - 112,000 81,544 30,456 Total Expenditures - 112,000 81,544 30,456 NET CHANGE IN FUND BALANCE -$ -$ 13,109 13,109$ FUND BALANCE:

Beginning of year 3,176
End of year 16,285$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Office of Traffic Safety Grant Special Revenue Fund
For the Year Ended June 30, 2025
179

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Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental -$ -$ 14,405$ 14,405$ Use of money and property - - 142 142 Total Revenues - - 14,547 14,547 OTHER FINANCING SOURCES:

Transfers in 12,000 12,000 - (12,000) Total other financing sources 12,000 12,000 - (12,000) NET CHANGE IN FUND BALANCE 12,000$ 12,000$ 14,547 2,547$ FUND BALANCE:

Beginning of year 2,368
End of year 16,915$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Indio Performing Arts Special Revenue Fund
For the Year Ended June 30, 2025
180

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Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental -$ -$ 14,405$ 14,405$ Use of money or property - - 142 142 Total Revenues - - 14,547 14,547 OTHER FINANCING SOURCES:

Transfers in 12,000 12,000 - (12,000) Total other financing sources 12,000 12,000 - (12,000) NET CHANGE IN FUND BALANCE 12,000$ 12,000$ 14,547 2,547$ FUND BALANCE:

Beginning of year 2,368
End of year 16,915$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Indio Arts Center Special Revenue Fund
For the Year Ended June 30, 2025
181

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Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Intergovernmental - $ -$ 172,416$ 172,416$ Use of money and property - - 63,728 63,728 Total Revenues - - 236,144 236,144 EXPENDITURES:

Current:

Public works - 60,362 - 60,362 Capital outlay - 500,000 172,417 327,583 Total Expenditures - 560,362 172,417 387,945 NET CHANGE IN FUND BALANCE -$ (560,362)$ 63,727 624,089$ FUND BALANCE:

Beginning of year 345,660
End of year 409,387$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual American Rescue Plan Act Special Revenue Fund
For the Year Ended June 30, 2025
182

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Final Budget
Actual Positive
Original Final Amounts (Negative)
REVENUES:

Use of money and property -$ -$ 15,230$ 15,230$ Total Revenues - - 15,230 15,230 EXPENDITURES:

Current:

General government 6,500 6,500 4,840 1,660 Debt service:

Principal retirement 715,000 715,000 715,000 - Interest and fiscal charges 450,822 450,822 450,822 - Total Expenditures 1,172,322 1,172,322 1,170,662 1,660

EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES (1,172,322) (1,172,322) (1,155,432) 16,890 OTHER FINANCING SOURCES:

Transfers in 1,172,322 1,172,322 1,170,662 (1,660) Total other financing sources 1,172,322 1,172,322 1,170,662 (1,660) NET CHANGE IN FUND BALANCE -$ -$ 15,230 15,230$ FUND BALANCE:

Beginning of year 22,520
End of year 37,750$
Budgeted Amounts
City of Indio
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Judgement Bonds Debt Service Fund
For the Year Ended June 30, 2025
183

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184

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NONMAJOR ENTERPRISE FUND FINANCIAL STATEMENTS
185

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186

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NONMAJOR ENTERPRISE FUNDS
The enterprise funds are used to account for services for which the City charges customers. Funds included are:

Golf Enterprise Fund - To account for the operations and maintenance of the City's municipal golf course.

Solid Waste Enterprise Fund - To account for the solid waste services managed by Burrtec Waste and Recycling. 187

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188

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ASSETS
Current assets:

Cash and investments 973,872$ 6,153,923$ 7,127,795$ Accounts receivable 3,111 - 3,111 Due from other governments - 276,115 276,115 Prepaid items 150,000 - 150,000 Inventories 25,811 - 25,811 Total current assets 1,152,794 6,430,038 7,582,832 Noncurrent assets:

Capital assets, not being depreciated 465,959 - 465,959 Capital assets, being depreciated, net 210,387 - 210,387 Intangible capital asset, being amortized, net 178,541 - 178,541 Total capital assets 854,887 - 854,887 Total noncurrent assets 854,887 - 854,887 Total assets 2,007,681 6,430,038 8,437,719

DEFERRED OUTFLOWS OF RESOURCES
Pension related 6,476 - 6,476 OPEB related 11,584 - 11,584 Total deferred outflows of resources 18,060 - 18,060

LIABILITIES
Current liabilities:

Accounts payable 135,185 - 135,185 Accrued liabilities 994 - 994 Accrued interest 532 - 532 Deposits payable - 3,698,049 3,698,049 Lease liability - due within one year 61,343 - 61,343 Total current liabilities 198,054 3,698,049 3,896,103 Noncurrent liabilities:

Lease liability - due in more than one year 123,650 - 123,650 Net pension liability 27,781 - 27,781 Net OPEB liability 41,854 - 41,854 Total noncurrent liabilities 193,285 - 193,285 Total liabilities 391,339 3,698,049 4,089,388

DEFERRED INFLOW OF RESOURCES
Pension related 31 - 31 OPEB related 6,406 - 6,406 Total deferred inflows of resources 6,437 - 6,437

NET POSITION
Net investment in capital assets 669,894 - 669,894 Unrestricted 958,071 2,731,989 3,690,060 Total net position 1,627,965$ 2,731,989$ 4,359,954$ Enterprise Funds
City of Indio
Combining Statement of Net Position
Nonmajor Enterprise Funds
June 30, 2025
Business-Type Activities
189

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OPERATING REVENUES:

Sales and service charges 2,069,830$ -$ 2,069,830$ Other income - 350,000 350,000 Total operating revenues 2,069,830 350,000 2,419,830 OPERATING EXPENSES:

Personnel services 46,280 - 46,280 Contractual services 910,753 - 910,753 Repairs and maintenance 565,916 - 565,916 Depreciation and amortization expense 72,635 - 72,635 Materials and supplies 533,408 - 533,408 Total operating expenses 2,128,992 - 2,128,992 OPERATING INCOME (59,162) 350,000 290,838 NONOPERATING REVENUE (EXPENSES):

Interest revenue 37,485 160,336 197,821 Interest expense (7,327) - (7,327) Total nonoperating revenue (expenses) 30,158 160,336 190,494 CHANGES IN NET POSITION (29,004) 510,336 481,332 NET POSITION:

Beginning of year 1,656,969 2,221,653 3,878,622 End of year 1,627,965$ 2,731,989$ 4,359,954$ Enterprise Funds
City of Indio
Combining Statement of Revenues, Expenses, and Changes in Net Position For the Year Ended June 30, 2025
Nonmajor Enterprise Funds
Business-Type Activities
190

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CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers and users 2,089,961$ 705,793 $ 2,795,754 $ Payments to suppliers and service providers (1,943,693) - (1,943,693) Payments to employees for salaries and benefits (51,626) - (51,626) Net cash provided by operating activities 94,642 705,793 800,435

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Principal paid on capital debt (59,265) - (59,265) Interest paid on capital debt (7,497) - (7,497) Net cash (used in) capital and related and financing activities (66,762) - (66,762) CASH FLOWS FROM INVESTING ACTIVITIES:

Interest on investments 37,485 160,336 197,821 Net cash provided by investing activities 37,485 160,336 197,821 Net change in cash and cash equivalents 65,365 866,129 931,494 CASH AND CASH EQUIVALENTS:

Beginning of year 908,507 5,287,794 6,196,301 End of year 973,872$ 6,153,923 $ 7,127,795 $ Reconciliation of Operating Income (Loss) to
to Net Cash Provided by Operating Activities:

Operating income (loss) (59,162) 350,000 290,838 Adjustments to reconcile operating income
to net cash provided by operating activities:

Depreciation/amortization expense 72,635 - 72,635 Changes in assets and liabilities:
(Increase) decrease in accounts receivable 20,131 - 20,131 (Increase) decrease in due from other governments - (173,370) (173,370) (Increase) decrease in inventories 9,229 - 9,229 (Increase) decrease in deferred outflows or resources related to pension 2,576 - 2,576 (Increase) decrease in deferred outflows or resources related to OPEB (4,046) - (4,046) Increase (decrease) in accounts payable 57,155 - 57,155 Increase/(decrease) in accrued liabilities 177 - 177 Increase (decrease) in deposits payable - 529,163 529,163 Increase (decrease) in pension obligations (985) - (985) Increase (decrease) in OPEB obligations 746 - 746 Increase/(decrease) in deferred inflows of resources pension related (305) - (305) Increase/(decrease) in deferred inflows of resources pension OPEB (3,509) - (3,509) Net cash provided by operating activities 94,642$ 705,793 $ 800,435 $ Enterprise Funds
City of Indio
Combining Statement of Cash Flows
Nonmajor Enterprise Funds
For the Year Ended June 30, 2025
Business-Type Activities
191

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192

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INTERNAL SERVICE FUND FINANCIAL STATEMENTS
193

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194

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INTERNAL SERVICE FUNDS
Risk Management - This fund accounts for activities involved in providing general liability and worker’s compensation programs, property insurance, and retiree health benefits.

Information Technology - This fund encompasses the City’s computer technology and telecommunications systems. It provides for future technology needs and assistance and provides technical training to employees to ensure equipment and software are used in the most efficient manner.

Vehicle Replacement - This fund accounts for activities involved in providing replacement of fully depreciated, damaged, or non-operational rolling stock.

Building and Grounds - This fund accounts for maintenance costs associated with City buildings and their grounds.

Fleet Maintenance - This fund accounts for the maintenance and repair of the City’s vehicles, motorcycles, and heavy equipment rolling stock.

The internal service funds are used to account for goods and services provided by one City department to other City departments on a cost reimbursement basis. Funds included are:
195

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Management Technology Replacement Grounds
ASSETS
Current assets:

Cash and investments 4,687,066$ 2,813,794$ 1,258,104$ 2,704,691$ Accounts receivable - 198 - 978 Prepaid items - 181,445 - - Total current assets 4,687,066 2,995,437 1,258,104 2,705,669 Noncurrent assets:

Restricted investments held by bond trustee 25,044 - - 80,390 Capital assets, being depreciated, net - 3,708,259 5,845,573 615,200 Intangible capital assets, being amortized, net - 2,933,265 - - Total capital assets - 6,641,524 5,845,573 615,200 Total noncurrent assets 25,044 6,641,524 5,845,573 695,590 Total assets 4,712,110 9,636,961 7,103,677 3,401,259

DEFERRED OUTFLOWS OF RESOURCES
Pension related 152,989 412,017 - 233,934 OPEB related 99,353 721,589 - 430,008 Total deferred outflows of resources 252,342 1,133,606 - 663,942

LIABILITIES
Current Liabilities:

Accounts payable 23,420 935,027 79,413 387,258 Accrued interest - 10,988 - - Due to other funds - - - - Compensated absences - due within one year 28,622 115,199 - 53,743 Lease payable - due within one year - 10,813 - - Subscription payable - due within one year - 672,530 - - Total current liabilities 52,042 1,744,557 79,413 441,001 Noncurrent liabilities:

Accrued claims and judgments 14,910 - - - Compensated absences - due in more than one year 12,267 49,371 - 23,032 Subscription payable - due in more than one year - 1,630,440 - - Net pension liability 656,322 1,767,556 - 1,003,583 Net OPEB liability 358,948 2,606,987 - 1,553,551 Total noncurrent liabilities 1,042,447 6,054,354 - 2,580,166 Total liabilities 1,094,489 7,798,911 79,413 3,021,167

DEFERRED INFLOWS OF RESOURCES
Pension related 721 1,942 - 1,103 OPEB related 54,937 399,004 - 237,774 Total deferred inflows of resources 55,658 400,946 - 238,877

NET POSITION
Net investment in capital assets - 4,327,741 5,845,573 615,200 Unrestricted (deficit) 3,814,305 (1,757,031) 1,178,691 189,957 Total net position 3,814,305$ 2,570,710$ 7,024,264$ 805,157$ City of Indio
Combining Statement of Net Position
Internal Service Funds
June 30, 2025
196

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Maintenance Total
ASSETS
Current assets:

Cash and investments -$ 11,463,655$ Accounts receivable - 1,176
Prepaid items - 181,445
Total current assets - 11,646,276 Noncurrent assets:

Restricted investments held by bond trustee - 105,434 Capital assets, being depreciated, net - 10,169,032 Intangible capital asset, being amortized, net - 2,933,265 Total capital assets - 13,102,297 Total noncurrent assets - 13,207,731 Total assets - 24,854,007

DEFERRED OUTFLOWS OF RESOURCES
Pension related 195,080 994,020
OPEB related 342,632 1,593,582
Total deferred outflows of resources 537,712 2,587,602

LIABILITIES
Current Liabilities:

Accounts payable 448,704 1,873,822
Accrued interest - 10,988
Due to other funds 15,445 15,445
Compensated absences - due within one year 37,580 235,144 Lease payable - due within one year - 10,813 Subscription payable - due within one year - 672,530 Total current liabilities 501,729 2,818,742 Noncurrent liabilities:

Accrued claims and judgments - 14,910 Compensated absences - due in more than one year 16,105 100,775 Subscription payable - 1,630,440 Net pension liability 836,898 4,264,359
Net OPEB liability 1,237,875 5,757,361
Total noncurrent liabilities 2,090,878 11,767,845 Total liabilities 2,592,607 14,586,587

DEFERRED INFLOWS OF RESOURCES
Pension related 920 4,686
OPEB related 189,459 881,174
Total deferred inflows of resources 190,379 885,860

NET POSITION
Net investment in capital assets - 10,788,514 Unrestricted (deficit) (2,245,274) 1,180,648
Total net position (2,245,274)$ 11,969,162$
City of Indio
Combining Statement of Net Position (Continued)
Internal Service Funds
June 30, 2025
197

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Management Technology Replacement Grounds
OPERATING REVENUES:

Interdepartmental charges 6,894,707$ 5,449,446$ 661,747$ 4,961,174$ Other income 2,659 213,461 - - Total operating revenues 6,897,366 5,662,907 661,747 4,961,174 OPERATING EXPENSES:

Personnel services 7,507,046 2,047,428 - 1,213,559 Contractual services - 959,381 - 374,863 Repairs and maintenance - 47,188 - 1,806,560 Depreciation/amortization expense - 2,360,574 1,162,720 21,586 Materials and supplies 12,764 346,500 4,759 1,846,239 Total operating expenses 7,519,810 5,761,071 1,167,479 5,262,807 OPERATING INCOME (LOSS) (622,444) (98,164) (505,732) (301,633) NONOPERATING REVENUE (EXPENSES):

Interest revenue - - - 3,435 Interest expense - (59,408) - - Loss on disposal of asset - (335,504) - - Total nonoperating revenue (expenses) - (394,912) - 3,435 (LOSS) BEFORE CAPITAL CONTRIBUTIONS (622,444) (493,076) (505,732) (298,198) CAPITAL CONTRIBUTIONS:

Capital contributions - - 70,374 - Total capital contributions - - 70,374 - CHANGES IN NET POSITION (622,444) (493,076) (435,358) (298,198) NET POSITION:

Beginning of year, as previously reported 4,436,749 3,139,131 7,459,622 1,103,355 Change in accounting principle - (75,345) - - Beginning of year, as restated (Note 16) 4,436,749 3,063,786 7,459,622 1,103,355 End of the year 3,814,305$ 2,570,710$ 7,024,264$ 805,157$ City of Indio
Combining Statement of Revenues, Expenses and Changes in Net Position Internal Service Funds
For the Year Ended June 30, 2025
198

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Maintenance Total
OPERATING REVENUES:

Interdepartmental charges 3,730,000$ 21,697,074 $ Other income - 216,120
Total operating revenues 3,730,000 21,913,194 OPERATING EXPENSES:

Personnel services 869,200 11,637,233
Contractual services 479,770 1,814,014
Repairs and maintenance 1,069,345 2,923,093
Depreciation/amortization expense - 3,544,880 Materials and supplies 1,484,929 3,695,191
Total operating expenses 3,903,244 23,614,411 OPERATING INCOME (LOSS) (173,244) (1,701,217) NONOPERATING REVENUE (EXPENSES):

Interest revenue - 3,435
Interest expense - (59,408)
Loss on disposal of asset - (335,504) Total nonoperating revenue (expenses) - (391,477) (LOSS) BEFORE CAPITAL CONTRIBUTIONS (173,244) (2,092,694) CAPITAL CONTRIBUTIONS:

Capital contributions - 70,374 Total capital contributions - 70,374 CHANGES IN NET POSITION (173,244) (2,022,320) NET POSITION:

Beginning of year, as previously reported (2,072,030) 14,066,827 Change in accounting principle - (75,345) Beginning of year, as restated (Note 16) (2,072,030) 13,991,482 End of the year (2,245,274)$ 11,969,162$
City of Indio
Combining Statement of Revenues, Expenses and Changes in Net Position (Continued) Internal Service Funds
For the Year Ended June 30, 2025
199

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Management Technology Replacement Grounds

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from interfund services and charges 6,905,872 $ 5,662,907 $ 661,747 $ 4,966,714 $ Payments to suppliers and service providers 4,057 (685,478) (164,807) (4,159,407) Payments to employees for salaries and benefits (7,071,272) (1,728,278) - (932,515) Net cash provided by (used in) operating activities (161,343) 3,249,151 496,940 (125,208)

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Payment to short-term interfund borrowing - - - - Net cash (used in) noncapital financing activities - - - -

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Acquisition and construction of capital assets - (1,280,118) (1,615,250) - Principal paid on capital debt - (1,130,080) - - Interest paid on capital debt - (58,173) - - Net cash (used in) capital and related financing activities - (2,468,371) (1,615,250) - CASH FLOWS FROM INVESTING ACTIVITIES:

Interest received - - 3,435 Net cash provided by investing activities - - - 3,435 Net change in cash and cash equivalents (161,343) 780,780 (1,118,310) (121,773) CASH AND CASH EQUIVALENTS:

Beginning of year 4,873,453 2,033,014 2,376,414 2,906,854 End of yea
r 4,712,110$ 2,813,794 $ 1,258,104 $ 2,785,081 $ CASH AND CASH EQUIVALENTS:

Cash and cash equivalents 4,687,066 $ 2,813,794 $ 1,258,104 $ 2,704,691 $ Restricted cash and cash equivalents 25,044 - - 80,390 Total Cash and Cash Equivalents 4,712,110$ 2,813,794 $ 1,258,104 $ 2,785,081 $ NONCASH ITEMS:

Subscription asset addition -$ (675,423)$ -$ -$ Subscription liability addition -$ 615,531$ -$ -$ Capital contributions -$ -$ 70,374$ -$ City of Indio
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2025
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Reconciliation of Operating (Loss) to Net
Cash Provided by (used in) Operating Activities:

Operating (loss) (622,444) $ (98,164) $ (505,732) $ (301,633) $ Adjustments to reconcile operating income (loss)
to net cash provided by (used in) operating activities:

Depreciation/amortization expense - 2,360,574 1,162,720 21,586 Changes in assets and liabilities:
(Increase) decrease in accounts receivable 8,506 - - 5,540 (Increase) decrease in prepaid items - (181,445) - - (Increase) decrease in deferred outflows or resources
related to pension (85,096) 137,915 - 72,714 (Increase) decrease in deferred outflows or resources
related to OPEB (51,971) (355,455) - (213,558) Increase (decrease) in accounts payable 16,956 - (160,048) (131,745) Increase (decrease) in accrued claims and judgments (135) 849,036 - - Increase (decrease) in compensated absences 40,889 7,371 - 76,775 Increase/(decrease) in net pension liability 440,578 20,029 - 29,139 Increase (decrease) in net OPEB liability 100,553 610,296 - 373,154 Increase/(decrease) in deferred inflows of resources -
pension related (1,798) (18,460) - (10,273) Increase/(decrease) in deferred inflows of resources -
OPEB related (7,381) (82,546) - (46,907) Net cash provided by (used in) operating activities (161,343)$ 3,249,151 $ 496,940 $ (125,208) $ For the Year Ended June 30, 2025
City of Indio
Combining Statement of Cash Flows (Continued)
Internal Service Funds
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Maintenance Total

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from interfund services and charges 3,730,000 $ 21,927,240 $ Payments to suppliers and service providers (2,895,953) (7,901,588) Payments to employees for salaries and benefits (722,067) (10,454,132) Net cash provided by (used in) operating activities 111,980 3,571,520

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Payment to short-term interfund borrowing (111,980) (111,980) Net cash (used in) noncapital financing activities (111,980) (111,980)

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Acquisition and construction of capital assets - (2,895,368) Principal paid on capital debt - (1,130,080) Interest paid on capital debt - (58,173) Net cash (used in) capital and related financing activities - (4,083,621) CASH FLOWS FROM INVESTING ACTIVITIES:

Interest received - 3,435
Net cash provided by investing activities - 3,435 Net change in cash and cash equivalents - (620,646) CASH AND CASH EQUIVALENTS:

Beginning of year - 12,189,735 End of yea
r -$ 11,569,089$
CASH AND CASH EQUIVALENTS:

Cash and cash equivalents -$ 11,463,655 Restricted cash and cash equivalents - 105,434 Total Cash and Cash Equivalents -$ 11,569,089$ NONCASH ITEMS:

Subscription asset addition -$ (675,423)$ Subscription liability addition -$ 615,531$ Capital contributions -$ 70,374$ City of Indio
Internal Service Funds
Combining Statement of Cash Flows (Continued)
For the Year Ended June 30, 2025
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Maintenance Total
Reconciliation of Operating (Loss) to Net
Cash Provided by (used in) Operating Activities:

Operating (loss) (173,244)$ (1,701,217) $
Adjustments to reconcile operating income (loss)
to net cash provided by (used in) operating activities:

Depreciation/amortization expense - 3,544,880 Changes in assets and liabilities:
(Increase) decrease in accounts receivable - 14,046 (Increase) decrease in prepaid items - (181,445) (Increase) decrease in deferred outflows or resources
related to pension 79,886 205,419
(Increase) decrease in deferred outflows or resources
related to OPEB (164,949) (785,933)
Increase (decrease) in accounts payable 138,091 (136,746) Increase (decrease) in accrued claims and judgments - 848,901 Increase (decrease) in compensated absences 53,685 178,720 Increase/(decrease) in net pension liability (36,866) 452,880 Increase (decrease) in net OPEB liability 268,893 1,352,896 Increase/(decrease) in deferred inflows of resources -
pension related (9,281) (39,812)
Increase/(decrease) in deferred inflows of resources -
OPEB related (44,235) (181,069)
Net cash provided by (used in) operating activities 111,980$ 3,571,520 $ For the Year Ended June 30, 2025
City of Indio
Combining Statement of Cash Flows (Continued)
Internal Service Funds
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CUSTODIAL FUNDS
The custodial funds are used to account for assets held by the City as a custodian for other governmental units.

Eastern Riverside County Interoperable Communications Authority (“ERICA”) Fund - To account for the development, implementation, and operations of the regional communications system joint powers authority known as ERICA.

Assessment District Funds - To account for the City’s fiduciary capacity as custodian of the monies held on behalf of the various Assessment District Bonds for debt service.

East Valley Reclamation Authority (“EVRA”) Fund - To account for the planning, implementation, and operations of the recycled water program including the tertiary or enhanced treatment of water.

Waste Transfer Station Authority Fund - To account for the planning, implementation, and operations of the waste transfer program.
205

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East Valley Transfer
Assessment Reclamation Station
ERICA Districts Authority Authority Total
ASSETS:

Cash and cash equivalents 154,547 $ 9,060,393 $ 553,722 $ 1,377,828 $ 11,146,490 $ Restricted cash and investments held by bond trustee - 4,769,152 - - 4,769,152 Accounts receivable - 69,895 - 94,281 164,176 Total assets 154,547 13,899,440 553,722 1,472,109 16,079,818 LIABILITIES:

Current Liabilities:

Accounts payable 16,260 1,967 1,260 350,000 369,487 Deposits payable - 296,251 - - 296,251 Total current liabilities 16,260 298,218 1,260 350,000 665,738 Total liabilities 16,260 298,218 1,260 350,000 665,738 NET POSITION:

Restricted for:

Individuals, organizations, and other governments 138,287 13,601,222 552,462 1,122,109 15,414,080 Total net position 138,287$ 13,601,222 $ 552,462 $ 1,122,109 $ 15,414,080 $ City of Indio
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2025
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East Valley Transfer
Assessment Reclamation Station
ERICA Districts Authority Authority Total
ADDITIONS:

Taxes and assessments - $ 5,438,086$ - $ - $ 5,438,086$ Investment earnings 14,160 661,114 27,371 45,210 747,855 Charges for services - - - 1,146,705 1,146,705 Miscellaneous 200 - - - 200 Total additions 14,360 6,099,200 27,371 1,191,915 7,332,846 DEDUCTIONS:

Administrative expense 51,671 - 415 1,077 53,163 Contractual services 39,570 9,224 3,495 700,331 752,620 Interest disbursement - 1,960,178 - - 1,960,178 Principal disbursement - 3,931,081 - - 3,931,081 Total deductions 91,241 5,900,483 3,910 701,408 6,697,042 Changes in Net Position (76,881) 198,717 23,461 490,507 635,804 NET POSITION:

Beginning of year 215,168 13,402,505 529,001 631,602 14,778,276 End of year 138,287 $ 13,601,222 $ 552,462 $ 1,122,109 $ 15,414,080 $ City of Indio
Combining Statement of Changes in Fiduciary Net Position Custodial Funds
For the Year Ended June 30, 2025
208

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STATISTICAL SECTION
(Unaudited)
209

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210

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Financial Trends
These schedules contain trend information to help the reader understand how the City's financial performance and well-being have changed over time. 212-225 Revenue Capacity
These schedules contain information to help the reader assess the City's ability to generate revenues.

Property taxes, sales tax, state motor vehicle in lieu tax, intergovernmental revenue and charges for services are the Cit
y's most significant revenue sources. 227-231
Debt Capacity
These schedules present information to help the reader assess the affordability of the City's current levels of outstanding debt and the City's ability to issue additional debt in the future. 232-238 Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the environment with which the City's financial activities take place. 239-240 Operating Information
These schedules contain service and infrastructure data to help the reader understand how the information in the City's financial report relates to the services the City provides and the activities it performs. 241-251
City of Indio
Statictical Section Table of Contents
Fiscal Year Ended June 30, 2025
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Governmental activities:

Net investment in capital assets 414,227$ 413,312$ 424,760$ 435,892$ 432,662$ Restricted 22,180 20,260 19,546 26,344 27,132 Unrestricted (deficit) (28,253) (45,879) (46,940) (49,563) (54,459) Total governmental activities net position 408,154$ 387,693$ 397,366$ 412,673$ 405,335$ Business-type activities:

Net investment in capital assets 128,429$ 122,807$ 117,916$ 115,539$ 111,170$ Restricted - 605 312 319 321 Unrestricted 8,660 14,804 13,161 20,645 27,539 Total business-type activities net position 137,089$ 138,216$ 131,389$ 136,503$ 139,030$ Primary government:

Net investment in capital assets 542,656$ 536,119$ 542,676$ 551,431$ 543,832$ Restricted 22,180 20,865 19,858 26,663 27,453 Unrestricted (deficit) (19,593) (31,075) (33,779) (28,918) (26,920) Total primary government net position 545,243$ 525,909$ 528,755$ 549,176$ 544,365$ Source: City of Indio
Fiscal Year
City of Indio
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
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2024
(As Reclassified) 2025
Governmental activities:

Net investment in capital assets 425,271$ 420,008$ 491,466$ 476,806$ 518,817$ Restricted 23,954 27,983 121,940 49,732 60,054 Unrestricted (deficit) (41,295) (12,077) (141,099) (6,634) 1,777 Total governmental activities net position 407,930$ 435,914$ 472,307$ 519,904$ 580,648$ Business-type activities:

Net investment in capital assets 106,981$ 103,062$ 100,080$ 90,720$ 91,103$ Restricted 321 322 340 6,822 7,640 Unrestricted 35,586 39,658 46,419 49,632 55,954 Total business-type activities net position 142,888$ 143,042$ 146,839$ 147,174$ 154,697$ Primary government:

Net investment in capital assets 532,252$ 523,070$ 591,546$ 567,526$ 609,920$ Restricted 24,275 28,305 122,280 56,554 67,694 Unrestricted (deficit) (5,709) 27,581 (94,680) 42,998 57,731 Total primary government net position 550,818$ 578,956$ 619,146$ 667,078$ 735,345$ Fiscal Year
City of Indio
Net Position by Component (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
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Expenses:

Governmental activities:

General government 11,968$ 26,255$ 10,658$ 12,651$ 13,163$ Public safety 36,041 42,467 46,193 50,101 52,487 Public works 16,619 17,873 18,281 26,531 22,210 Community development 9,275 8,164 7,377 8,053 7,649 Community services 2,314 2,608 3,005 2,854 2,878 Interest expense and other charges 2,463 5,505 2,333 2,239 2,105 Total governmental activities expenses 78,680 102,872 87,847 102,429 100,492 Business-type activities:

Water 26,424 24,018 25,302 25,738 24,451 Electric
Golf 1,086 1,073 1,196 1,223 1,254 Solid Waste - - - - - Total business-type activities expenses 27,510 25,091 26,498 26,961 25,705

Total primary government expenses 106,190$ 127,963$ 114,345$ 129,390$ 126,197$ (amounts expressed in thousands)
City of Indio
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
214

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Program Revenues:

Governmental activities:

Charges for services:

General government 1,459$ 1,633$ 3,764$ 371$ 987$ Public safety 7,185 7,057 5,017 8,352 4,010 Public works 5,559 7,464 9,105 8,898 9,042 Community development 262 296 302 210 244 Community services 107 139 113 105 87 Operating contributions and grants 7,637 7,677 11,648 29,579 14,779 Capital contributions and grants 1,290 1,266 2,845 506 510 Total governmental activities program revenues 23,499 25,532 32,794 48,021 29,659 Business-type activities:

Charges for services:

Water 17,832 22,313 22,439 23,098 23,107 Electric
Golf 935 995 1,069 1,158 1,067 Solid Waste - - - - - Operating contributions and grants 4,735 2,643 2,061 5,878 2,491 Capital contributions and grants - - - - - Total business-type activities program revenue 23,502 25,951 25,569 30,134 26,665 Total primary government activities 47,001 $ 51,483 $ 58,363 $ 78,155 $ 56,324 $ Governmental activities (55,181) $ (77,340) $ (55,053) $ (54,408) $ (70,833) $ Business-type activities (4,008) 860 (929) 3,173 960 Total primary government net expense (59,189) $ (76,480) $ (55,982) $ (51,235) $ (69,873) $ City of Indio
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
Changes in Net Position (Continued)
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General Revenues and Other Changes in
Position
Governmental activities:

Taxes:

Property taxes 15,055$ 16,007$ 16,765$ 17,834$ 18,540$ Sales tax 11,692 13,579 22,545 24,503 22,622 Transient occupancy taxes 4,520 6,298 6,760 7,768 5,012 Other taxes 13,840 13,649 14,035 13,381 13,407 Investment income 1,757 1,436 1,876 2,167 3,012 Motor vehicle in lieu, unrestricted 34 39 47 42 71 Other general revenues 5,219 7,121 10,094 4,933 885 Transfers (151) (89) (70) (913) (53) Total governmental activities 51,966 58,040 72,052 69,715 63,496 Business-type activities:

Investment income 72 127 113 865 1,342 Transfers 152 89 70 913 53 Other general revenues 2,545 51 430 163 172 Total business-type activities 2,769 267 613 1,941 1,567 Total primary government 54,735$ 58,307$ 72,665$ 71,656$ 65,063$ Change in Net Position
Governmental activities (3,215)$ (19,300)$ 16,999$ 15,307$ (7,337)$ Business-type activities (1,239) 1,127 (316) 5,114 2,527

Total primary government (4,454)$ (18,173)$ 16,683$ 20,421$ (4,810)$

Source: City of Indio
City of Indio
Changes in Net Position (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
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Expenses:

Governmental activities:

General government 15,563$ 16,710$ 21,057$ 9,572$ 13,041$ Public safety 47,695 54,115 63,383 64,322 68,865 Public works 22,893 22,166 23,851 29,693 34,894 Community development 9,960 8,543 9,259 5,128 6,055 Community services 3,002 3,785 5,919 4,124 5,219 Interest expense and other charges 1,985 1,853 12,251 824 6,687 Total governmental activities expenses 101,098 107,172 135,720 113,663 134,761 Business-type activities:

Water 23,570 26,518 25,456 31,039 30,234 Electric 2,465 3,397
Golf 1,435 1,595 1,873 1,974 2,136 Solid Waste - - - - - Total business-type activities expenses 25,005 28,113 27,329 35,478 35,767

Total primary government expenses 126,103$ 135,285$ 163,049$ 149,141$ 170,528$ Changes in Net Position (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
City of Indio
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Program Revenues:

Governmental activities:

Charges for services:

General government 1,159$ 1,760$ 8,081$ 4,136$ 3,941$ Public safety 3,757 8,510 18,688 17,078 17,607 Public works 10,773 15,083 17,336 3,497 3,701 Community development 180 932 4,927 5,920 5,696 Community services 235 356 4,112 61 73 Operating contributions and grants 13,592 19,764 21,938 19,989 25,869 Capital contributions and grants 1,125 518 2,548 13,046 37,942 Total governmental activities program revenues 30,821 46,923 77,630 63,727 94,829 Business-type activities:

Charges for services: 24,789 25,392 24,927 25,280 26,495 Water 1,879 4,319
Electric 1,638 1,766 2,027 2,124 2,070 Golf 300 - - 400 350 Solid Waste 2,057 - - - - Operating contributions and grants - 1,981 2,563 2,136 3,470 Capital contributions and grants
Total business-type activities program revenue 28,784 29,139 29,517 31,819 36,704 Total primary government activities 59,605 $ 76,062 $ 107,147 $ 95,546 $ 131,533 $ Governmental activities (70,277) $ (60,249) $ (58,090) $ (49,936) $ (39,932) $ Business-type activities 3,779 1,026 2,188 (3,659) 937 Total primary government net expense (66,498) $ (59,223) $ (55,902) $ (53,595) $ (38,995) $ City of Indio
Changes in Net Position (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
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General Revenues and Other Changes in
Position
Governmental activities:

Taxes:

Property taxes 19,691$ 20,951$ 23,435$ 26,169$ 27,966$ Sales tax 28,150 34,218 36,780 36,525 36,398 Transient occupancy taxes 8,699 14,813 14,744 17,428 16,977 Other taxes 14,366 16,157 14,416 12,150 12,470 Investment income 1,277 (1,432) 3,692 6,382 8,250 Motor vehicle in lieu, unrestricted 67 106 91 112 282 Other general revenues 621 3,498 1,964 105 392 Transfers - (78) (90) - - Total governmental activities 72,871 88,233 95,032 98,871 102,735 Business-type activities:

Investment income 5 (998) 360 3,994 5,895 Transfers - 88 90 - - Other general revenues 74 38 1,159 - - Total business-type activities 79 (872) 1,609 3,994 5,895 Total primary government 72,950$ 87,361$ 96,641$ 102,865$ 108,630$ Change in Net Position
Governmental activities 2,594$ 27,984$ 36,942$ 48,935$ 62,803$ Business-type activities 3,858 154 3,797 335 6,832

Total primary government 6,452$ 28,138$ 40,739$ 49,270$ 69,635$ City of Indio
(amounts expressed in thousands)
(accrual basis of accounting)
Last Ten Fiscal Years
Changes in Net Position (Continued)
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General fund:

Nonspendable 8,978$ 10,141$ 10,509$ 11,513$ 12,857$ Restricted - - - - 981 Committed 11,197 11,285 11,285 12,000 12,000 Assigned 3,459 8,452 12,653 11,603 9,283 Unassigned 1,820 - 2,148 4,628 3,197 Total general fund 25,454$ 29,878$ 36,595$ 39,744$ 38,318$ All other governmental funds:

Nonspendable -$ -$ 2$ 120$ -$ Restricted 22,179 20,260 19,533 20,231 22,232 Committed - - - - - Assigned - - - 2,597 4,918 Unassigned (deficit): (6) (1,519) (4,125) (2,146) (233) Total all other governmental funds 22,173$ 18,741$ 15,410$ 20,802$ 26,917$ Source: City of Indio
City of Indio
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
(amounts expressed in thousands)
220

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General fund:

Nonspendable 8,651$ 8,616$ 8,787$ 8,697$ 8,533$ Restricted 1,210 1,241 2,389 2,658 4,046 Committed 12,000 15,000 17,000 18,000 18,500 Assigned 12,082 44,181 22,690 23,602 38,821 Unassigned 19,797 15,613 14,903 9,734 5,794 Total general fund 53,740$ 84,651$ 65,769$ 62,691$ 75,694$ All other governmental funds:

Nonspendable 19$ 8$ 6$ 2$ 50$ Restricted 22,745 26,742 119,551 114,641 75,230 Committed - - - 5 404 Assigned 6,035 7,857 37,975 37,631 38,061 Unassigned (deficit): (2,045) (2,412) (1,238) (1,115) (33) Total all other governmental funds 26,754$ 32,195$ 156,294$ 151,164$ 113,712$ (amounts expressed in thousands)
City of Indio
Fund Balances of Governmental Funds (Continued)
Last Ten Fiscal Years
(modified accrual basis of accounting)
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Revenues:

Taxes 45,265$ 49,533$ 59,950$ 63,486$ 59,581$ Licenses and permits 2,438 2,737 2,338 2,289 2,525 Intergovernmental 5,706 5,722 10,036 28,795 14,461 Charges for services 7,176 8,719 6,382 9,742 4,972 Fines and forfeitures 860 676 543 545 744 Investment earnings 1,758 1,436 1,980 2,166 3,011 Developer fees 1,640 1,899 3,372 2,834 2,482 Contributions from property owners 4,112 4,291 4,553 4,884 5,145 Miscellaneous 5,592 7,624 10,232 5,446 1,059 Total revenues 74,547 82,637 99,386 120,187 93,980 Expenditures
Current:

General government 5,112 20,271 5,043 5,815 7,273 Public safety 38,118 40,477 42,089 44,339 43,895 Public works 10,650 13,035 10,635 18,247 14,438 Community development 7,903 6,129 5,192 5,761 5,113 Community services 2,384 2,524 2,850 2,674 2,670 Other 102 - - - - Capital outlay 5,036 8,231 23,242 25,157 9,519 Debt service:

Principal retirement 24,023 3,161 3,895 4,092 3,206 Interest and fiscal charges 2,627 5,576 2,441 2,364 2,229 Other charges 486 - - - - Total expenditures 96,441 99,404 95,387 108,449 88,343 Excess (deficiency) of
revenues over (under) expenditures (21,894) (16,767) 3,999 11,738 5,637 (amounts expressed in thousands)
City of Indio
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
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Other financing sources (uses):

Transfers in 7,216 9,990 11,150 11,224 12,226 Transfers out (7,406) (8,269) (11,649) (14,421) (13,501) Lease purchase and loan proceeds - - - - - Issuance of bonds 19,730 16,300 - - - Sale of real property - - - - - Original discount on bonds 919 (262) - - - Special items - - - - 327 Total other financing sources (uses) 20,459 17,759 (499) (3,197) (948) Extraordinary gain (loss) on dissolution
of redevelopment agency - - - - - Net change in fund balances (1,435)$ 992$ 3,500$ 8,541$ 4,689$ Debt service as a percentage of
noncapital expenditures 29.4% 9.4% 7.5% 7.6% 8.5%

Source: City of Indio
City of Indio
Changes in Fund Balances of Governmental Funds (Continued) Last Ten Fiscal Years
(modified accrual basis of accounting)
(amounts expressed in thousands)
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Revenues:

Taxes 70,906$ 86,140$ 89,375$ 92,272$ 93,811$ Licenses and permits 3,153 5,920 9,708 9,261 8,897 Intergovernmental 12,498 17,912 25,512 21,402 45,248 Charges for services 4,789 9,532 11,502 15,317 15,667 Fines and forfeitures 651 1,014 1,476 919 1,120 Investment earnings 1,277 (1,433) 136,202 11,890 12,997 Developer fees 3,617 5,518 5,200 3,966 3,249 Contributions from property owners 5,338 5,571 5,913 6,433 7,010 Miscellaneous 742 3,997 2,402 259 922 Total revenues 102,971 134,171 287,290 161,719 188,921 Expenditures
Current:

General government 9,054 10,343 14,209 9,267 11,593 Public safety 43,928 50,724 58,025 61,917 63,951 Public works 13,921 14,019 18,193 14,679 13,886 Community development 7,017 5,631 4,772 4,799 5,458 Community services 2,657 3,462 3,560 4,161 5,098 Other - - 304 - Capital outlay 6,181 8,540 52,427 65,160 102,905 Debt service:

Principal retirement 3,194 3,025 20,814 3,303 3,515 Interest and fiscal charges 2,115 1,997 6,733 5,834 7,010 Other charges - - - - - Total expenditures 88,067 97,741 179,037 169,120 213,416 Excess (deficiency) of
revenues over (under) expenditures 14,904 36,430 108,253 (7,401) (24,495) Changes in Fund Balances of Governmental Funds (Continued) Last Ten Fiscal Years
(modified accrual basis of accounting)
(amounts expressed in thousands)
City of Indio
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Other financing sources (uses):

Transfers in 12,686 10,686 82,833 67,728 83,471 Transfers out (12,686) (10,764) (82,923) (69,228) (83,471) Lease purchase and loan proceeds - - - - - Issuance of bonds - - - 207 46 Sale of real property 355 - - - - Original discount on bonds - - - - - Special items - - - - - Total other financing sources (uses) 355 (78) (90) (1,293) 46 Extraordinary gain (loss) on dissolution
of redevelopment agency - - - - - Net change in fund balances 15,259$ 36,352$ 108,163$ (8,694)$ (24,449)$ Debt service as a percentage of
noncapital expenditures 6.7% 5.6% 16.2% 8.2% 9.2%
City of Indio
Changes in Fund Balances of Governmental Funds (Continued) Last Ten Fiscal Years
(modified accrual basis of accounting)
(amounts expressed in thousands)
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226

Independent auditor's report and the City's Annual Comprehensive Financi... Page 514 of 596 Fiscal Year Less: Total Taxable Total
Ended Residential Commercial Industrial Other Tax-Exem pt Assessed Direct Tax June 30 Pro perty Property Property Property Property Value Rate 2025 10,257,111$ 1,112,983 $ 284,455 $ 1,317,229 $ 404,053 $ 12,567,725 $ 0.0850 2024 9,599,932 1,136,321 312,682 791,624 - 11,840,559 0.1073 2023 8,520,728 1,064,199 291,160 724,169 - 10,600,256 0.1078 2022 7,776,969 999,232 258,724 706,085 - 9,741,010 0.1075 2021 7,324,840 954,038 264,707 713,119 - 9,256,704 0.1053 2020 6,974,129 900,025 253,666 696,518 1,930 8,822,408 0.1027 2019 6,499,481 957,306 270,856 786,077 94,058 8,419,662 0.1003 2018 6,162,303 919,705 259,047 769,151 89,925 8,020,281 0.1001 2017 5,892,675 868,261 249,636 746,057 88,682 7,667,947 0.1003 2016 5,562,654 849,716 236,337 733,842 87,548 7,295,001 0.1000 NOTE:

``
Source: HdL, Coren & Cone
In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only re-assessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above.

City of Indio
Assessed Value and Estimated Actual Value of Taxable Property (amounts expressed in thousands)
Last Ten Fiscal Years
227

Independent auditor's report and the City's Annual Comprehensive Financi... Page 515 of 596 2016 2017 2018 2019 2020
City of Indio 0.08495 0.08495 0.08495 0.08495 0.08495 Total Direct Rate 0.10002 0.10031 0.10012 0.10031 0.10274 Direct & Overlapping Tax Rates
Basic Levy 1.00000 1.00000 1.00000 1.00000 1.00000 Coachella Valley Unified School 0.13218 0.16601 0.17609 0.14954 0.14876 Coachella Valley Water District 0.10000 0.10000 0.10000 0.10000 0.10000 Desert Community College 0.02087 0.02036 0.04030 0.03978 0.03983 Desert Sands Unified School District 0.10915 0.08599 0.07251 0.07418 0.07381 Total Direct & Overlapping Tax Rates 1.36220 1.37236 1.38890 1.36350 1.36240 NOTE:

Source: HdL, Coren & Cone
In 1978, California voters passed Proposition 13 which sets the property tax rate at 1.00% fixed amount. The 1.00% is shared by all taxing agencies which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of certain other bonds.

City of Indio
Direct and Overlapping Property Tax Rates
(rate per $100 of assessed value)
Last Ten Fiscal Years
228

Independent auditor's report and the City's Annual Comprehensive Financi... Page 516 of 596 2021 2022 2023 2024 2025
City of Indio 0.08499 0.08499 0.08499 0.08499 0.08499 Total Direct Rate 0.10528 0.10753 0.10781 0.10728 0.08500 Direct & Overlapping Tax Rates
Basic Levy 1.00000 1.00000 1.00000 1.00000 1.00000 Coachella Valley Unified School 0.14549 0.13665 0.13450 0.12837 0.11554 Coachella Valley Water District 0.10000 0.11000 0.11000 0.11000 0.11000 Desert Community College 0.03947 0.03950 0.03950 0.03950 0.03950 Desert Sands Unified School District 0.07390 0.07500 0.07500 0.07500 0.07500 Total Direct & Overlapping Tax Rates 1.35886 1.36115 1.35900 1.35287 1.34004 City of Indio
Direct and Overlapping Property Tax Rates (Continued)
(rate per $100 of assessed value)
Last Ten Fiscal Years
229

Independent auditor's report and the City's Annual Comprehensive Financi... Page 517 of 596 Percent of Percent of
Total City Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value Value Value Value
Worldmark The Club 71,766,717$ 0.61% 60,907,841$ 0.90% Desert Polo Land Company, LLC. 65,849,529 0.56% 33,117,713 0.49% 82165 Doctor Carreon Blvd LLC 56,144,034 0.47% Indio Towne Center, LLC. 54,466,211 0.46%
Time Warner Cable Pacific West, LLC 50,136,717 0.42% 36,790,407 0.55% Spectrum Pacific West LLC 45,252,145 0.38% Wal-Mart Real Estate Business Trust 43,679,462 0.37% Bravo Collection 43,377,478 0.37% 36,814,120 0.55% Trendwest Resorts Inc 40,813,581 0.34% 31,542,338 0.47% JFK Memorial Hospital Inc 40,548,434 0.34% Jackson 42 32,283,630 0.48%
ALJACKS 25,551,489 0.38%
JDG Properties 26,599,979 0.39%
Target Corporation 23,642,139 0.35%
Peterson Ranch Properties LLC 26,621,953 0.40% 512,034,308$ 4.32% 333,871,609$ 4.96% Note: The amounts shown above include assessed value data for both the City and the Successor Agency.

Source: HdL, Coren & Cone
City of Indio
Current Year and Nine Years Ago
Principal Property Tax Payers
2025 2016
230

Independent auditor's report and the City's Annual Comprehensive Financi... Page 518 of 596 Fiscal Taxes Levied Collections in
Year Ended for the Percent Subsequent Percent
June 30 Fiscal Year Amount of Levy Years Amount of Levy 2025 11,431,933$ 11,966,713$ 104.68% 233,395$ * 12,200,109$ 106.72% 2024 10,780,466 12,247,970 113.61% 203,047 * 12,451,017 115.50% 2023 9,719,808 10,009,772 102.98% 279,461 * 10,289,233 105.86% 2022 8,883,501 9,215,098 103.73% 102,890 * 9,317,988 104.89% 2021 8,291,384 8,386,828 101.15% 121,809 * 8,508,637 102.62% 2020 7,554,590 9,093,289 120.37% 169,441 * 9,262,730 122.61% 2019 7,142,930 7,080,158 99.12% 128,359 * 7,208,517 100.92% 2018 6,821,440 6,789,921 99.54% 112,775 * 6,902,696 101.19% 2017 6,533,653 6,378,548 97.63% 115,544 * 6,494,092 99.39% 2016 6,215,647 6,091,830 98.01% 123,194 * 6,215,024 99.99%

*The City participates in the County's "Teeter Plan" whereby the county pays current year delinquencies in November of the subsequent year but keeps subsequent collections and penalties.

NOTE:

Amounts presented include City property taxes and residual revenue for former Redevelopment Agency.

Effective February 1, 2012, ABx1 26 dissolved the Redevelopment Agencies throughout the State of California which resulted in the reduction of amounts collected for the Fiscal Year ended June 2012 and subsequent years. ᴬ Includes proceeds from redistribution of former Redevelopment and Low/Mod Housing funds relinquished to the State in 2012.

Sources: County of Riverside Auditor Controller's Office City of Indio
Collected within the
Last Ten Fiscal Years
City of Indio
Property Tax Levies and Collections
Fiscal Year of Levy Total Collections to Date
231

Independent auditor's report and the City's Annual Comprehensive Financi... Page 519 of 596 Fiscal Year Certificates of Lease Judgment Lease Subscription Total Ended Participation Revenue Obligation Loans Payable Payable Governmental June 30 (1) Bonds (1) Bonds (1) (1) (1) (1) Activities
2025 -$ 137,598$ 10,873$ -$ 66$ 2,524$ 151,061$ 2024 - 140,490 11,575 - 160 3,114 155,339 2023 - 143,272 12,257 52 44 4,138 159,763 2022 650 33,278 12,918 153 107 - 47,106 2021 1,275 35,065 13,560 249 - - 50,149 2020 1,875 36,782 14,188 622 - - 53,467 2019 2,450 38,438 14,799 1,102 - - 56,789 2018 3,005 39,832 15,650 2,510 - - 60,997 2017 3,535 41,662 16,038 3,767 - - 65,002 2016 4,045 42,260 - 5,060 - - 51,365 Details regarding the City's outstanding debt can be found in the notes to the financial statements.

Sources: (1) City of Indio
(2) State Department of Finance - Price and population letter - google and it will come up (3) HdL, Core & Cone
Governmental Activities
City of Indio
Ratios of Outstanding Debt by Type
(amounts expressed in thousands)
Last Ten Fiscal Years
232

Independent auditor's report and the City's Annual Comprehensive Financi... Page 520 of 596 Water Electric Lease Subscription Total Total Personal Percentage Debt Revenue Revenue Payable Payable Business-type Primary Population Income of Personal Per Bonds (1) Bonds (1) (1) (1) Activities Government (1) (2) (3) Income Capita 40,565$ 64,608 $ 185 $ 574$ 105,932$ 256,993$ 92,539 $ 3,073,498$ 8.36% 2.78 43,116 64,809 244 21 108,190 263,529 90,680 3,033,668 8.69% 2.91 45,547 - 9 - 45,556 205,319 90,837 2,787,385 7.37% 2.26 47,919 - 66 - 47,985 95,091 89,137 2,555,400 3.72% 1.07 50,074 - - - 50,074 100,223 91,621 2,434,498 4.12% 1.09 52,185 - - - 52,185 105,652 90,751 2,228,050 4.74% 1.16 54,221 - - - 54,221 111,010 89,406 2,094,653 5.30% 1.24 56,207 - - - 56,207 117,204 87,883 1,900,128 6.17% 1.33 58,153 - - - 58,153 123,155 88,718 1,814,845 6.79% 1.39 58,725 - - - 58,725 110,090 88,058 1,706,419 6.45% 1.25 Business-type Activities
City of Indio
Ratios of Outstanding Debt by Type (Continued)
(amounts expressed in thousands)
Last Ten Fiscal Years
233

Independent auditor's report and the City's Annual Comprehensive Financi... Page 521 of 596 Fiscal Year Water Lease Judgment Certificates Percent of Debt Ended Revenue Revenue Obligation of Population Personal Assessed Per June 30 Bond Bonds Bonds Participation Total (1) Income (2) Value Capita 2025 40,565 $ 137,598 $ 10,873 $ - 189,036$ 92,539 3,073,498$ 1.50% 2.04 2024 43,116 140,490 11,575 - 195,181 90,680 3,033,668 1.65% 2.15 2023 45,547 143,272 12,257 - 201,076 90,837 2,787,385 1.90% 2.21 2022 47,919 33,278 12,918 650 94,765 89,137 2,555,400 1.18% 1.06 2021 50,074 35,065 13,560 1,275 99,974 91,621 2,434,498 1.25% 1.09 2020 52,185 36,782 14,188 1,875 105,030 90,751 2,228,050 1.31% 1.16 2019 54,221 38,438 14,799 2,450 109,908 89,406 2,094,653 1.37% 1.23 2018 56,207 39,832 15,650 3,005 114,694 87,883 1,900,128 1.43% 1.31 2017 58,153 41,662 16,038 3,535 119,388 88,718 1,814,845 1.56% 1.35 2016 58,725 42,260 - 4,045 105,030 88,058 1,706,419 1.44% 1.19

Details regarding the City's outstanding debt can be found in the notes to the financial statements.

NOTE:

Assessed value has been used because the actual value of taxable property is not readily available in the State of California.

Sources: City of Indio
(1) State Department of Finance
(2) Coachella Valley Economic Partnership
City of Indio
Ratio of General Bonded Debt Outstanding
Last Ten Fiscal Years
Outstanding General Bonded Debt
(amounts expressed in thousands)
234

Independent auditor's report and the City's Annual Comprehensive Financi... Page 522 of 596 2024-25 Assessed Valuation: $12,638,091,026
City's Share
OVERLAPPING TAX AND ASSESSMENT DEBT: Total Debt % Applicable (1) of Debt Desert Community College District 640,515,000 $ 10.69% 68,503,079 $ Coachella Valley Unified School District 200,619,345 12.62% 25,328,192 Desert Sands Unified School District 475,170,000 19.09% 90,728,960 Desert Sands Unified School District Community Facilities District No. 2021-1 2,670,000 100.00% 2,670,000 City of Indio Community Facilities District No. 2004-3 9,190,000 100.00% 9,190,000 City of Indio Community Facilities District No. 2005-1, I.A. No. 1 and 2 10,373,000 100.00% 10,373,000 City of Indio Community Facilities District No. 2006-1 5,549,000 100.00% 5,549,000 City of Indio 1915 Act Bonds 10,760,887 100.00% 10,760,887 Valley Sanitary District Assessment District No. 2004-VSD 3,080,000 100.00% 3,080,000 California Statewide Communities Development Authority Assessment Districts 2,455,000 100.00% 2,455,000 TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 1,360,382,232 228,638,118 $ DIRECT AND OVERLAPPING GENERAL FUND DEBT:

Riverside County General Fund Obligations 1,134,209,783 $ 2.98% 33,776,767 $ Riverside County Pension Obligation Bonds 603,055,000 2.98% 17,958,978 Coachella Valley Unified School District Certificates of Participation 31,156,380 12.63% 3,933,493 Desert Sands Unified School District Certificates of Participation 6,325,000 19.09% 1,207,696 City of Indio General Fund Obligations 140,188,413 100.00% 140,188,413 City of Indio Judgment Obligation Bonds 10,872,792 100.00% 10,872,792 (1) Desert Recreation District General Fund Obligations 993,462 17.50% 173,876 TOTAL GROSS DIRECT AND OVERLAPPING GENERAL FUND DEBT 1,926,800,830 208,112,015 OVERLAPPING TAX INCREMENT DEBT: (Successor Agency) 38,270,000$ 100.00% 38,270,000 $ TOTAL DIRECT DEBT 151,061,205$
TOTAL OVERLAPPING DEBT 323,958,928$
COMBINED TOTAL DEBT 475,020,133$ (2)
Ratios to 2024-25 Assessed Valuation:

Total Overlapping Tax and Assessment Debt 1.81%
Combined Direct Debt ($138,985,000) 1.20%
Combined Total Debt 3.76%
Ratios to Redevelopment Incremental Valuation ($2,173,219,473):

Total Overlapping Tax Increment Debt 1.76%
1 Source: California Municipal Statistics
(1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value.
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations. Qualified Zone Academy Bonds are included based on principal due at maturity.

City of Indio
Direct and Overlapping Debt
June 30, 2025
235

Independent auditor's report and the City's Annual Comprehensive Financi... Page 523 of 596 2016 2017 2018 2019 2020
Assessed valuation (1) 7,295,001$ 7,667,948$ 8,020,281$ 8,419,662$ 8,822,409$ Debt limit percentage 15% 15% 15% 15% 15%
Debt limit 1,094,250 1,150,192 1,203,042 1,262,949 1,323,361 Total net debt applicable to limit:

General obligation bonds - - - - - Legal debt margin 1,094,250$ 1,150,192$ 1,203,042$ 1,262,949$ 1,323,361$ Total debt applicable to the limit as a
percentage of debt limit 0.0% 0.0% 0.0% 0.0% 0.0%

Sources: City of Indio
(1) HdL, Coren & Cone
City of Indio
Legal Debt Margin Information
(amounts expressed in thousands)
Last Ten Fiscal Years
Section 43605 of the Government Code of the State of California limits the amount of indebtedness for public improvements to 15% of assessed valuation of all real and personal property of the City. 236

Independent auditor's report and the City's Annual Comprehensive Financi... Page 524 of 596 2021 2022 2023 2024 2025
Assessed valuation (1) 9,256,704$ 9,741,010$ 10,600,256$ 11,840,559$ 12,567,725$ Debt limit percentage 15% 15% 15% 15% 15%
Debt limit 1,388,506 1,461,152 1,590,038 1,776,084 1,885,159 Total net debt applicable to limit:

General obligation bonds - - - - - Legal debt margin 1,388,506$ 1,461,152$ 1,590,038$ 1,776,084$ 1,885,159$ Total debt applicable to the limit as a
percentage of debt limit 0.0% 0.0% 0.0% 0.0% 0.0%
City of Indio
Legal Debt Margin Information (Continued)
(amounts expressed in thousands)
Last Ten Fiscal Years
237

Independent auditor's report and the City's Annual Comprehensive Financi... Page 525 of 596 Fiscal Year Less Net
Ended Water Operating Available
June 30 Revenue Ex penses Revenue Principal Interest Coverage 2025 4,196 6 4,190 2,495 1,694 1.00 2024 4,190 4 4,186 2,375 1,815 1.00 2023 4,189 4 4,185 2,260 1,929 1.00 2022 4,192 1 4,191 2,155 2,036 1.00 2021 4,198 1 4,197 2,055 2,142 1.00 2020 4,144 6 4,138 1,980 2,158 1.00 2019 4,191 4 4,187 1,930 2,261 1.00 2018 4,142 4 4,138 1,890 2,248 1.00 2017 4,080 - 4,080 1,860 2,220 1.00 2016 4,136 69 4,067 1,490 2,276 1.08 Fiscal Year Less Net
Ended Operating Available
June 30 Revenue Expenses Revenue Principal Interest Coverage 2025 -
2024 -
2023 664 2 662 650 14 1.00 2022 682 2 680 625 55 1.00 2021 681 3 678 600 79 1.00 2020 679 2 677 575 102 1.00 2019 685 5 680 555 125 1.00 2018 678 2 676 530 146 1.00 2017 663 2 661 510 151 1.00 2016 676 - 676 490 186 1.00 Fiscal Year Less Net
Ended Operating Available
June 30 Revenue Expenses Revenue Principal Interest Coverage 2025 8,967 47 8,920 2,525 6,395 1.00 2024 8,914 8 8,906 2,415 6,490 1.00 2023 25,625 5 25,620 19,489 6,131 1.00 2022 3,174 3 3,171 1,745 1,426 1.00 2021 3,184 12 3,172 1,675 1,497 1.00 2020 3,184 10 3,174 1,615 1,559 1.00 2019 3,230 10 3,220 1,600 1,620 1.00 2018 3,239 15 3,224 1,540 1,684 1.00 2017 3,253 12 3,241 1,475 1,766 1.00 2016 3,681 - 3,681 995 2,686 1.00 City of Indio
Pledged-Revenue Coverage
(amounts expressed in thousands)
Last Ten Fiscal Years
Water Revenue Bonds
Debt Service
Gas Tax Certificate of Participation
Debt Service
Lease Revenue Bonds
Debt Service
238

Independent auditor's report and the City's Annual Comprehensive Financi... Page 526 of 596 Average Median Per Ca pita
Fiscal Median Household Household Personal Unemployment Year Population (1) Age (2) Size (2) Income (2) Income (2) Rate (3) 2025 92,539 38.7 3.12 76,579$ 33,213$ 6.0% 2024 90,680 37.8 2.97 83,107 36,075 6.0% 2023 90,837 38.8 2.98 79,372 34,152 6.8% 2022 89,137 42.9 2.58 66,841 34,212 5.8% 2021* 91,621 42.5 2.86 74,774 33,704 8.7% 2020 90,751 42.5 2.86 74,774 33,704 13.8% 2019 89,406 44.7 2.22 45,272 28,926 5.8% 2018 87,883 43.5 2.50 45,278 26,930 6.7% 2017 88,718 40.5 2.83 40,449 23,103 6.1% 2016 88,058 35.9 3.08 52,343 23,584 7.0%

Sources: (1) State Department of Finance
(2) U.S. Census Bureau
(3) Employment Development Department
*Information obtained from U.S. Census Bureau remains the same as 2020 due to COVID-19 City of Indio
Demographic and Economic Statistics
Last Ten Calendar Years
239

Independent auditor's report and the City's Annual Comprehensive Financi... Page 527 of 596 Percent of Percent of
Number of Total Number of Total
Employer (1) Employees Employment Employees Employment
Desert Sands Unified School District 3,215 7.13% 1,477 3.90% County of Riverside 1,395 3.09% 1,327 3.50% Fantasy Springs Resort Casino 1,119 2.48% 1,150 3.03% John F. Kennedy Memorial Hospital 646 1.43% 750 1.98% Walmart Supercenter 404 0.90% 200 0.53% City of Indio 267 0.59% 237 0.63% Ralphs 159 0.35% 159 0.42% WorldMark Indio Resort 154 0.34% Fiesta Ford 153 0.34%
Desert Springs Health Care & Wellness 147 0.33% Riverside Superior Court 168 0.44% Target 146 0.39%
Cardenas Market 137 0.36%
Home Depot
Total Employment Listed 7,659 16.98% 5,751 15.17% Total City Employment (2) 45,100 37,900 "Total Employment" as used above represents the total employment of all employers located within City limits.

Sources: (1) Avenue Insights & Analytics
City of Indio
Results based on direct correspondence with city's local businesses. (2) Total City Labor Force provided by EDD Labor Force Data

City of Indio
Principal Employers
Current Year and Nine Years Ago
2025 2016
240

Independent auditor's report and the City's Annual Comprehensive Financi... Page 528 of 596 Function 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 General government 34 36 36 36 38 38 44 44 48 56 Police 103 99 104 107 115 115 106 116 111 121 Public works 33 31 34 36 33 34 34 38 42 38 Community development 19 19 26 23 21 22 19 15 14 14 Water 48 48 41 44 45 41 42 41 39 38 237 233 241 246 252 250 245 254 254 267

The City of Indio contracts with Riverside County for fire protection services.

Source: City of Indio

City of Indio
Full-time and Part-time City Employees by Function
Last Ten Fiscal Years
Fiscal Year
241

Independent auditor's report and the City's Annual Comprehensive Financi... Page 529 of 596 2016 2017 2018 2019 2020
Police:

Arrests 2,026 2,331 1,853 1,651 1,548
Traffic citations issued 1,452 2,102 1,777 858 1,064
Parking citations issued 4,191 1,173 4,766 6,803 6,344
Fire:

Emergency calls 8,317 8,611 7,796 9,467 8,934
Inspections 2,473 2,553 2,586 3,326 3,084
Public works:

Street resurfacing (miles) 10.0 1.0 6.0 48.0 27.0
Water:

New connections 223 320 302 316 245
Average daily consumption 15 15 15 15 16
(millions of gallons)
Golf Course:

Golf rounds played 26,481 24,003 24,491 26,107 23,716

Source: City of Indio
Fiscal Year
City of Indio
Operating Indicators by Function
Last Ten Fiscal Years
242

Independent auditor's report and the City's Annual Comprehensive Financi... Page 530 of 596 2021 2022 2023 2024 2025
Police:

Arrests 1,777 1,611 1,470 1,670 2,086
Traffic citations issued 1,137 755 1,067 1,462 3,329
Parking citations issued 564 9,927 10,000 7,120 3,748
Fire:

Emergency calls 9,411 10,113 10,763 10,696 10,778
Inspections 3,177 4,290 4,381 5,392 6,131
Public works:

Street resurfacing (miles) 10.5 20.0 24.0 17.0 18
Water:

New connections 517 554 359 377 220
Average daily consumption 18 18 17 18 15
(millions of gallons)
Golf Course:

Golf rounds played 33,394 30,140 31,214 34,309 34,375
Fiscal Year
City of Indio
Operating Indicators by Function (Continued)
Last Ten Fiscal Years
243

Independent auditor's report and the City's Annual Comprehensive Financi... Page 531 of 596

2016 2017 2018 2019 2020
Police:

Stations 11111
Sub-stations 11111
Animal care centers 00000
Fire:

Fire stations 44444
Public works:

Paved streets (miles) 254 254 254 255 255
Streetlights 2,893 2,858 2,858 2,868 2,868
Traffic signals 97 98 100 104 104
Recreation:

Parks 17 18 18 18 18
Senior centers 11111
Teen centers 11111
Water:

Water mains (miles) 342 343 343 344 344
Maximum daily capacity 66 66 66 66 66
(millions of gallons)
Golf Course:

Municipal golf courses 11111

Source: City of Indio
Fiscal Year
Last Ten Fiscal Years
Capital Asset Statistics by Function
City of Indio
244

Independent auditor's report and the City's Annual Comprehensive Financi... Page 532 of 596 2021 2022 2023 2024 2025
Police:

Stations 11111
Sub-stations 11110
Animal care centers 00000
Fire:

Fire stations 44444
Public works:

Paved streets (miles) 255 255 255 255 255
Streetlights 2,901 2,901 2,923 2,962 2,993
Traffic signals 104 104 105 106 108
Recreation:

Parks 18 18 18 18 18
Senior centers 11111
Teen centers 11111
Water:

Water mains (miles) 346 347 347 348 350
Maximum daily capacity 66 66 66 66 66
(millions of gallons)
Golf Course:

Municipal golf courses 11111
Fiscal Year
City of Indio
Capital Asset Statistics by Function (Continued)
Last Ten Fiscal Years
245

Independent auditor's report and the City's Annual Comprehensive Financi... Page 533 of 596 2016 2017 2018 2019 2020
Type of Customer:

Single-Family Residential 4,236,748 4,459,372 4,891,183 4,734,130 4,905,070 Multi-Family Residential 639,273 661,020 755,878 785,314 782,526 Commercial/Institutional 1,091,004 1,097,366 1,194,031 1,188,760 1,063,772 Industrial 54,401 58,018 60,552 64,585 66,865 Landscape Irrigation 743,594 924,444 1,049,375 976,302 938,291 Total 6,765,020 7,200,220 7,951,019 7,749,091 7,756,524 Total commodity rate
per 100 cubic feet Tiered Rates Tiered Rates Tiered Rates Tiered Rates Tiered Rates Source: Indio Water Authority
Fiscal Year
Indio Water Authority
Water Sold by Type of Customer
Last Ten Fiscal Years
(in hundred cubic feet)
246

Independent auditor's report and the City's Annual Comprehensive Financi... Page 534 of 596 2021 2022 2023 2024 2025
Type of Customer:

Single-Family Residential 5,363,606 5,275,788 5,055,278 4,986,143 5,442,026 Multi-Family Residential 805,082 812,616 800,698 767,232 834,331 Commercial/Institutional 1,137,018 1,269,842 1,227,425 1,116,054 1,244,546 Industrial 66,052 71,350 69,138 67,796 67,830 Landscape Irrigation 1,051,466 997,910 975,234 974,817 1,101,720 Total 8,423,224 8,427,506 8,127,773 7,912,042 8,690,453 Total commodity rate
per 100 cubic feet Tiered Rates Tiered Rates Tiered Rates Tiered Rates Tiered Rates Indio Water Authority
Water Sold by Type of Customer (Continued)
Last Ten Fiscal Years
(in hundred cubic feet)
Fiscal Year
247

Independent auditor's report and the City's Annual Comprehensive Financi... Page 535 of 596 2016 2017 2018 2019 2020
Monthly Base Rate 18.14 19.59 21.16 21.16 21.16
Rate Per 100 Cubic Feet
Tier 1 0.90 0.97 1.05 1.05 1.05
Tier 2 1.35 1.31 1.41 1.41 1.41
Tier 3 1.81 1.95 2.11 2.11 2.11
Tier 4 2.71 2.92 3.16 3.16 3.16
Tier 5 3.60 3.89 4.20 4.20 4.20
(1) Rates are based on a 3/4" x 1" meter size, which is the standard household meter size.

Note:

During FY 2013-2014, IWA changed its rate structure to a customized water budget with a five tiered water rate structure.

Source: Indio Water Authority
Fiscal Year
Indio Water Authority
Water Rates
Last Ten Fiscal Years
248

Independent auditor's report and the City's Annual Comprehensive Financi... Page 536 of 596 2021 2022 2023 2024 2025
Monthly Base Rate 21.16 21.16 21.16 21.16 21.16
Rate Per 100 Cubic Feet
Tier 1 1.05 1.05 1.05 1.05 1.05
Tier 2 1.41 1.41 1.58 1.58 1.58
Tier 3 2.11 2.11 2.11 2.11 2.11
Tier 4 3.16 3.16 3.16 3.16 3.16
Tier 5 4.20 4.20 4.20 4.20 4.20
Fiscal Year
Indio Water Authority
Water Rates (Continued)
Last Ten Fiscal Years
249

Independent auditor's report and the City's Annual Comprehensive Financi... Page 537 of 596 Percent of Percent of
Water Account Water Total Water Water Total Water
Customer Class Charges Revenues Charges Revenues
Andorra Apt, LLC Apartments
Capital Foresight Comm., LP Apartments 133,758$ 0.60% 135,842$ 0.57% CMF Land Co LLC Commercial
DSUSD - Indio High School School
Fantasy Springs Casino Commercial 172,599 0.78% 207,062 0.87% Indian Palms Country Club Residential 106,638 0.48% 172,428 0.73% Motorcoach CC POA, Inc RV Park 119,735 0.54% 125,301 0.53% Paradiso Community Association Irrigation
Philip S Moreau RV Park
Polo Estates Ventures Commercial 220,507 1.00% 251,796 1.14% Pickering Ecents LLC (County Land) Government
Riverside County Government 133,970 0.61% 160,941 0.68% Smoketree Apartments Apartments 102,554 0.46% 112,739 0.47% Summerbreeze Homeowner's Assoc Apartments 103,868 0.47% 98,870 0.42% Summerfield Apartments Apartments 115,682 0.52% 109,530 0.46% The Club Worldmark Time Share 116,155 0.52% 133,032 0.56% 1,325,466$ 5.98% 1,507,541$ 6.43%

Source: Indio Water Authority
20222021
Indio Water Authority
Ten Largest Water Customers
Last Five Fiscal Years
250

Independent auditor's report and the City's Annual Comprehensive Financi... Page 538 of 596 Percent of Percent of Percent of
Water Water Total Water Water Total Water Water Total Water Customer Charges Revenues Charges Revenues Charges Revenues Andorra Apt, LLC 79,599$ 0.34%
Capital Foresight Comm., LP 132,203 0.56% 118,495$ 0.51% 113,431$ 0.46% CMF Land Co LLC 90,353 0.36%
DSUSD - Indio High School 80,952 0.35% 77,824 0.33% 97,578 0.39% Fantasy Springs Casino 199,007 0.85% 207,938 0.89% 279,338 1.13% Indian Palms Country Club
Motorcoach CC POA, Inc
Paradiso Community Association 93,389 0.38% Philip S Moreau 70,901 0.30%
Polo Estates Ventures 117,169 0.50% 83,544 0.36% 92,249 0.37% Pickering Ecents LLC (County Land) 147,336 0.63% 100,990 0.43% Riverside County 129,755 0.55% 124,108 0.53% 115,696 0.47% Smoketree Apartments 119,515 0.51% 113,928 0.49% 119,363 0.48% Summerbreeze Homeowner's Assoc
Summerfield Apartments 121,868 0.52% 132,321 0.57% 145,058 0.59% The Club Worldmark 131,950 0.56% 115,640 0.50% 126,774 0.51% 1,259,354$ 5.37% 1,145,688$ 4.91% 1,273,230$ 5.14% 20252023 2024
Indio Water Authority
Ten Largest Water Customers (Continued)
Last Five Fiscal Years
251

Independent auditor's report and the City's Annual Comprehensive Financi... Page 539 of 596 This page intentionally left blank
252

Independent auditor's report and the City's Annual Comprehensive Financi... Page 540 of 596 City of Indio
City Council
March 18, 2026

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Jonathan Nicks, Assistant City Manager
Subject: Award two contracts to the individual contractors listed in each bid category for the amounts set forth in the Bid Summary Letter on file with the City Clerk and attached to agenda report for the first construction phase of Police Headquarters Building in the total aggregate amount of $3,139,000.

RECOMMENDATION:

Award two contracts to the individual contractors listed in each bid category for the amounts listed therein as set forth in the Bid Summary Letter on file with the City Clerk and attached to this agenda report for the Police Headquarters Building in the total aggregate amount of $3,139,000 and authorize the City Manager to execute all documents necessary to enter into the contracts, including any necessary amendments thereto, not to exceed the total aggregate amount in a form approved by the City Attorney; and authorize the Finance Department to process the necessary budget adjustment.

BACKGROUND INFORMATION:

The City recently completed construction of the current Public Safety Campus consisting of a fire station, a one-story communication dispatch center, and a two-story public safety services building, which supports both fire and police services such as code enforcement, property and evidence, and fire prevention services. The next phase of the Public Safety Campus project will construct a new Police Headquarters facility. The Headquarters will be the primary facility for Police Officers, Sergeants, Community Service Officers, support staff, and Command staff including locker rooms, works stations, offices, gym / training area, meeting areas, interview rooms, and public areas.

The Police Headquarters facility is estimated at $45 million. The City has already obtained $30 million in funds from Lease Revenue Bonds (LRB) and allocated another $10 million in FY26 CIP Budget with some funds encumbered to start the design process. Another $5-6 million is anticipated to be available from remaining reserve and contingency funds from previous facility projects.

The City has already encumbered some project funds by engaging Holt Architectural in October 2024 for design services and in November 2024 Tilden-Coil Constructors was brought on board to assist with pre-construction management services for the project.

On January 28 and February 4, 2026, the City published the Notice Inviting Bids for the first construction phase of the Police Headquarters, which includes one bid set for site demolition and earthwork and a separate bid set for site utilities. Subsequently on February 26, 2026, bid openings AGENDA ITEM #12.2
Award two contracts to the individual contractors listed in each bid cat... Page 541 of 596 were conducted and the City received 12 proposal submissions. The lowest responsive bidders came within 1.8% of initial estimates.

A bid protest was received from Crew Inc. challenging the apparent lowest bidder, DMC Enterprises, for site demolition and earthwork. A response to the protest from DMC Enterprises was received and reviewed by Tilden-Coil and the City Attorney's office and it is recommended to move forward with awarding the contract for site demolition and earthwork to DMC Enterprises.

FINANCIAL SUMMARY:

Current FY Financial
Impact:
$3,139,000 In current year budget: Yes
Current FY General
Fund Impact:
$3,139,000 Budget adjustment: Yes
Next FY Financial
Impact:

Strategic Objective: Public Safety
Source of funds: Lease Revenue Bonds Fund-Org-Object
Reference:
331 BD2501

ATTACHMENTS:

Bid Summary - IPDHQ Phase 1
DMC Bid
Valley Pipe Bid

APPROVAL(S):

Ruby D. Walla, Director of Finance Approved - 10 Mar 2026 Jennifer A. Mizrahi, Assistant City Attorney Approved - 11 Mar 2026 Bryan H. Montgomery, City Manager Approved - 11 Mar 2026

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Award two contracts to the individual contractors listed in each bid cat... Page 551 of 596 lndioPoliceHeadquarters— BidCategory02:SiteDemolitionandEarthwork To:CityotIndio46800JacksonStreetIndio,CA92201
Re:ResponsetoNoticeofIntenttoProtest— DMCEnterprises
DearCityoflndio:

DMCEnterprisesrespectfullysubmitsthefollowingresponsetotheNoticeofintenttoProtestsubmittedbyCrew,Inc.concerningBidCategory02fortheIndioPoliceHeadquartersproject.

1.CompliancewiththeDesignationofSubcontractorsRequirement TheCity’sDesignationofSubcontractorsform(AttachmentNo.1totheBidForm)requireslistingsubcontractorsincompliancewiththeSublettingandSubcontractingFairPracticesAct(PublicContractCode§4100etseq.),speci?callythoseperforminga”portionofthework”inexcessofone-halfofonepercent(0.5%)ofthetotalbid.Thebiddocumentsdonotidentifysurveyingasaseparatebiditem,de?nedtradepackage,orrequiredsubcontractedportionofwork.SurveyingservicesarenotdelineatedasadiscreteconstructiontradewithinBidCategory02.Accordingly,DMC’sbidfullycompliedwiththesubcontractorlistingrequirementsassetforthintheCity’sbiddocuments.

2.SurveyingConstitutesProfessionalServices
LandsurveyingisperformedbyalicensedprofessionallandsurveyorpursuanttoCalifornia’sProfessionalLandSurveyors’ActandisnotaconstructiontradelicensedbytheContractorsStateLicenseBoard(CSLB).TheCity’sDesignationofSubcontractorsformexpresslyreferencessubcontractors“properlylicensedbytheCaliforniaStateLicensingBoard."SurveyorsarenotCSLB—Iicensedcontractors.BecausesurveyingisaprofessionalserviceandnotaCSLB—licensedconstructiontradesubcontract,itdoesnotfallwithinthesubcontractorlistingrequirementcontemplatedbytheCity’sbidform.

Award two contracts to the individual contractors listed in each bid cat... Page 552 of 596

3.NoCompetitiveAdvantageorMaterialDeviationDMC'slumpsumbidincludedallcostsnecessarytocompletetheProjectinaccordancewiththeContractDocuments,includinganysurveyingservicesrequiredforproperexecutionofthework.DMCdidnotomitsurveyingcosts,didnotgainacompetitiveadvantage,anddidnotalterthescopeofworkrequiredbytheContractDocuments.Californialawdistinguishesbetweenmaterialdeviationsthataffectcompetitionandminororwaivableirregularities.Evenassumingarguendothatlistingwasrequired,whichDMCdoesnotconcede,theomissionwouldnotconstituteamaterialdeviationaffectingthecompetitivebiddingprocess.4.ResponsivenessofDMC’sBidDMC’sbidcompliedwithallmandatorybidrequirements,acknowledgedaddenda,includedrequiredbidsecurity,andsubmittedtheDesignationofSubcontractorsformasrequired.ThereisnobasisunderthePublicContractCodeortheCity’sbiddocumentstodeemDMC’sbidnonresponsive.ConclusionFortheforegoingreasons,theprotestlacksmeritandshouldbedenied.DMCrespectfully ,,,AL, .; ;IA-h!;,,,_,-A_A-AI,,,!;IAA,,,_,AAInun?__LI-AIAA,,--L,-_-,AA,A-!,.-,A--______2I_l_L!.l.l_.-reque5tstnatmemyproceeawunawardtounvu.asmeIowe5tresponsnveandresponSIDleolooer.DMCremainsfullypreparedandquali?edtoperformallworkrequiredunderBidCategory02inaccordancewiththeContractDocuments.Respectfullysubmitted, M—H
V
7WTimMountneyEstimatorDMCEnterprises
nn-?5-5-Zb

Award two contracts to the individual contractors listed in each bid cat... Page 553 of 596 DID||—takecenterstage
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Award two contracts to the individual contractors listed in each bid cat... Page 554 of 596 BIDFORMCOVERSHEETFORCityofIndiolndioPoliceHeadquarters
BlDCATEGORY:BC02—SiteDemolitionandEarthwork
CONTRACTORNAME:DannyMiloCorpDBADMCEnterprises
ADDRESS;1560FiresideLn,VistaCA92084
TELEPHONE:( 760)9086148
EMAIL:[email protected]
—________________———————Cityol‘lndio BidFormlndioPoliceHeadquarters. Page18

Award two contracts to the individual contractors listed in each bid cat... Page 555 of 596 TO:TheHonorableMayorandCityCounciloftheCityoflndio,hereincalled“City“.7.Theundersigned,asBidder,declaresthat:(I)thisBidismadewithoutcollusionwithanyotherpersonandthattheonlypersonsorpartiesinterestedasprincipalsarethosenamedherein;(2)theundersignedhascarefullyexaminedtheContractDocuments(includingallAddenda)andtheProjectsite;and(3)theundersignedhasinvestigatedandissatis?edastotheconditionstobeencountered,thecharacter,qualityandquantitiesofWorktobeperformed,andthematerialstobefurnished.Furthermore,theundersignedagreesthatsubmissionofthisBidshallbeconclusiveevidencethatsuchexaminationandinvestigationhavebeenmadeandagrees,intheeventtheContractbeawardedtoit,toexecutetheContractwiththeCityoflndiotoperformtheProjectinaccordancewiththeContractDocumentsinthetimeandmannerthereinprescribed,andtofurnishorprovideallmaterials,labor,tools,equipment,apparatusandothermeansnecessarysotodo,exceptasmayotherwisebefurnishedorprovidedunderthetermsoftheContractDocuments,forthefollowingstatedlump-sumpriceassubmittedontheBidhereinfortheconstructionof: IndioPoliceHeadquarters

8.BIDDERACKNOWLEDGESTHEFOLLOWINGADDENDA:NumberNumberNumberNumberNumberNumberNumberNumberA BAcknowledgetheinclusionofalladdendaissuedpriortobidintheblanksprovidedabove.Yourfailuretodosomayrenderyourbidnon-responsive.9. A.SUBTOTALCASHPURCHASEPRICEINWORDS&NUMBERS:OneMillionFiveHundredSeventyNineThousandDOLLARS(3;1,579,000.00)B.BIDCATEGORYALLOW ANCE1NWORDS&NUMBERS:(Referto0l2|00— Allowanceforspeci?eddollaramount.)EightyFiveThousand DOLLARS($85,000.00)C.TOTALCASHPURCHASEPRICElNWORDS&NUMBERS(3A+3B)OneMillionSixHundredSixtyFourThousandDOLLARS(3;1,664,000.00) Cityot‘Indio BidFormlndioPoliceHeadquarters Page19

Award two contracts to the individual contractors listed in each bid cat... Page 556 of 596

10.ALTERNATEBIDS:ThefollowingamountsshallbeaddedtoordeductedfromtheBaseBidattheCity‘soption.AlternatesarefullydescribedintheSpeci?cations.AlternateNo.l:ADD/DEDUCTNotApplicableMll’tDollars($ lAlternateN0.2:ADD/DEDUCTNotApplicable“J[PlDollars($ )AlternateNo.3:ADD/DEDUCTNotApplicableM‘ADollars($ )ll.TIMEFORCOMPLETION:TheCitymaygiveanoticetoproceedwithinninety(90)daysoftheawardofthebidbytheCity.OncetheContractorhasreceivedthenoticetoproceed.theContractorshallcompletetheworkinthetimespeci?edintheAgreement.Bysubmittingthisbid.ContractorhasthoroughlystudiedthisProjectandagreesthattheContractTimeforthisProjectisadequateforthetimelyandpropercompletionoftheProject.Further.ContractorhasincludedintheanalysisofthetimerequiredforthisProject,RainDays,GovernmentalDelays.andtherequisitetimetocompletePunchList.IntheeventtheCitydesirestopostponegivingthenoticetoproceedbeyondthisninety(90)dayperiod.itisexpresslyunderstoodthatwithreasonablenoticetotheContractor.givingthenoticetoproceedmaybepostponedbytheCity.ItisfurtherexpresslyunderstoodbytheContractor,thattheContractorshallnotbeentitledtoanyclaimofadditionalcompensationasaresultofthepostponementofgivingthenoticetoproceed.lftheContractorbelievesthatapostponementwillcauseahardshiptoit.theContractormayterminatethecontractwithwrittennoticetotheCitywithinten([0)daysafterreceiptbytheContractoroftheCity'snoticeofpostponement.ShouldtheContractorterminatetheContractasaresultofanoticeofpostponement,theCityshallhavetheauthoritytoawardtheContracttothenextlowestresponsiblebidder.ifapplicable.l2.ItisunderstoodthattheCityreservestherighttorejectanyorallbidsand/orwaiveanyirregularitiesorinfomtalitiesinthisbidorinthebidprocess.TheContractorunderstandsthatitmaynotwithdrawthisbidforaperiodofninety(90)daysafterthedatesetfortheopeningofbids. '\lo.Attachedisbidsecurityintheamountofnotlessthantenpercent(10%)ofthebid:Bidbond(10%oftheBid),certi?edcheck.orcashier‘scheck(circleone)[4.TherequiredListofDesignatedSubcontractorsisattachedhereto.IS.TherequiredNon-CollusionDeclarationisattachedhereto.16.Itisunderstoodandagreedthatifwrittennoticeoftheacceptanceofthisbidismailed,telegraphed.ordeliveredtotheundersigneda?ertheopeningofthebid.andwithinthetimethisbidisrequiredtoremainopen.oratanytimethereafterbeforethisbidiswithdrawn,theundersignedwillexecuteanddelivertotheCityaContractintheformattachedheretoinaccordancewiththebidasaccepted.andthatheorshewillalsofurnishanddelivertotheCitythePerformanceBondandPaymentBond,allwithin?ve(5)calendardaysafterawardofContract,andthattheworkundertheContractshallbecommencedbytheundersignedbidder.ifawardedtheContract,bythestartdateprovidedintheCity‘sNoticetoProceed.andshallbecompletedbytheContractorinthetimespeci?edintheContractDocuments. _______—.____—_.__—————Cit)ol‘lndio BidFormlndioPoliceHeadquarters Page20

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17.Thenamesofallpersonsinterestedintheforegoingproposalasprincipalsareasfollows:DejanMilosavljgvic-president,secretagl,treasurer,andmanager (IMPORTANTNOTICE:lfbidderorotherinterestedpersonisacorporation.statethelegalnameofsuchcorporation,aswellasthenamesofthepresident,secretary.treasurer.andmanagerthereof:ifaco—partnership,statethetruenamesofthe?rm,aswellasthenamesofallindividualco-partnerscomprisingthe?rm;ifbidderorotherinterestedpersonisanindividual,statethe?rstandlastnamesinfull.)18.PROTESTPROCEDURES.Ifthereisabidprotest,thegroundsshallbesubmittedassetforthintheInstructionstoBidders.l9.TheundersignedbiddershallbelicensedandshallprovidethefollowingCaliforniaContractor‘slicenseinformation:LicenseNumber:967973LicenseExpirationDate:07/31/2026DANNYMILOCORPName0“License:WClassofLicense:A,B,C12,C27DIRRegistrationNumber:10004286701fthebidderisajointventure.eachmemberofthejointventuremustincludetheaboveinformation.20.TimeisoftheessenceregardingthisContract,therefore,intheeventthebiddertowhomtheContractisawardedfailsorrefusestoposttherequiredbondsandreturnexecutedcopiesoftheAgreementformwithin?ve(5)calendardaysfromthedateofreceivingtheNoticeofAward.theCitymaydeclarethebidder’sbiddepositorbondforfeitedasdamages.2l. Thebidderdeclaresthathe/shehascarefully:22.ExaminedthelocationoftheproposedProjectandattachedtherequiredSiteVisitCertification.23.ExaminedtheContractDocuments.includingthePlans.GeneralConditions.SupplementaryGeneralConditions.Addenda.andSpeci?cations.allothersdocumentsandrequirementsthatareattachedtoand/orcontainedintheProjectManual.allotherdocumentsissuedtobiddersandreadtheaccompanyinginstructionstobidders.andherebyproposesandagrees.ifthisproposalisaccepted.tofurnishallmaterialsanddoallworkrequiredtocompletethesaidworkinaccordancewiththeContractDocuments.inthetimeandmannerthereinprescribedfortheunitcostandlumpsumamountssetforthinthisBidForm. ______—_____________.————————Cityoflndio BidFormlndioPoliceHeadquarters Page2|

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24.DESIGNATIONOFSUBCONTRACTORS.IncompliancewiththeSublettingandSubcontractingFairPracticesAct(CaliforniaPublicContractCodesection4100etseq.)andanyamendmentsthereof.eachbiddershalllistsubcontractorsontheCity‘sformSubcontractorlist.Thissubcontractorlistshallbesubmittedwiththebidandisarequiredform1agreetoreceiveserviceofnoticesatthee-mailaddresslistedbelow.1.belowindicatedbidder,declareunderpenaltyofperjurythattheinformationprovidedandrepresentationsmadeinthisbidaretrueandcorrect.DannyMiloCorpProperNameofCompanyDejanMilosavljevic-president,secretary,treasurer.andmanagerNameofBidderRepresentative(*)1560FiresideLnStreetAddressVistaCA92084City.State,[email protected]; Date:2/25720Z6SignatureofBidderRepresentative(*)(*)-SigneemustbeanauthorizedagencyoftheCompany.AttachCorporateResolutiononsignedCompanyletterhead) NOTE:ifbidderisacorporation,thelegalnameofthecorporationshallbesetforthabovetogetherwiththesignatureofauthorizedof?cersoragentsandthedocumentshallbearthecorporateseal;ifbidderisapartnership.thetruenameofthe?rmshallbesetforthabove.togetherwiththesignatureofthepartnerorpartnersauthorizedtosigncontractsonbehalfofthepartnership:andifbidderisanindividual.hissignatureshallbeplacedabove.Allsignaturesmustbemadeinpermanentblueink. (‘inoflndio BidFormlndioPoliceHeadquarters Page22

Award two contracts to the individual contractors listed in each bid cat... Page 559 of 596 DANNYMILOCORP1560FiresideLnVistaCalifornia92084Telephone:(760)908-6148 CORPORATERESOLUTIONAUTHORIZINGEXECUTIONOFBIDDOCUMENTSANDCONTRACTSTheundersignedherebycertifiesthatthefollowingisatrueandcorrectcopyofaresolutiondulyadoptedbythesoleshareholderandsoleofficerofDannyMiloCorp,acorporationorganizedandexistingunderthelawsoftheStateofCaliforniaandtaxedasanSCorporation,incorporatedonAugust24,2012,andthatsaidresolutionhasnotbeenmodified,rescinded,orrevokedandremainsinfullforceandeffectasofthedatehereof.WHEREAS:DannyMiloCorp(the“Corporation”)isauthorizedtoengageinbusinessandtoenterintocontracts;andTheCorporationintendstosubmitbidsandproposalsandtoenterintoagreementsforconstructionand/orrelatedservices;andItisnecessarytodesignateanauthorizedagentoftheCorporationtoexecutesuchdocumentsonitsbehalf.NOW,THEREFORE,BEITRESOLVEDTHAT:1.AuthorizedRepresentativeDejanMilosavljevic,servingasPresident,Secretary,Treasurer,andsoleshareholderoftheCorporation,isherebydesignatedastheauthorizedrepresentativeandagentofDannyMiloCorp.2.AuthoritytoExecuteDocumentsTheauthorizedrepresentativeisempoweredtoprepare,execute,acknowledge,deliver,andsubmitinthenameofandonbehalfoftheCorporationanyandallbids,proposals,contracts,subcontracts,agreements,bonds,certifications,affidavits,changeorders,paymentdocuments,andanyotherinstrumentsordocumentsrequiredinconnectionwithbiddingforandperformingwork.3.BindingEffectAIIactionstakenanddocumentsexecutedbytheauthorizedrepresentativepursuanttothisresolutionshallbedeemedtheactsoftheCorporationandshallbefullybindingupontheCorporation.4.CertificationofAuthorityTheundersignedcertifiesthattheauthorized

Award two contracts to the individual contractors listed in each bid cat... Page 560 of 596 representativeisanauthorizedagentoftheCorporationandpossessesfullpowerandauthoritytoactonbehalfoftheCorporationinthemattersdescribedherein.5.ContinuingResolutionThisresolutionshallremaininfullforceandeffectuntilrevokedorsupersededbywrittenresolutionoftheCorporation.INWITNESSWHEREOF,theundersigned,beingthesoleofficerandsoleshareholderofDannyMiloCorp,hasexecutedthisCorporateResolutionasofthisL5dayofQbrwq,20Z{,.DANNYMlLORPaaliforniaSCorporationBy: DejanMilosavljevicPresident,Secretary,Treasurer,andSoleShareholderCERTIFICATIONl,DejanMilosavljevic,herebycertifythatIamthedulyelectedandactingPresident,Secretary,andTreasurerofDannyMiloCorp;thattheforegoingresolutionwdulyated;andthatthesameisnowinfullforceandeffect.By: DejanMilosavljevicPresident,Secretary,Treasurer,andSoleShareholder

Award two contracts to the individual contractors listed in each bid cat... Page 561 of 596

DESIGNATIONOFSUBCONTRACTORS
IncompliancewiththeSublettingandSubcontractingFairPracticesAct(CaliforniaPublicContractCodesection4100etseq.,)andanyamendmentsthereof,eachBiddershallsetforthbelow:(a)thename.licensenumber,andlocationoftheplaceofbusinessofeachsubcontractorwhowillperformworkorlabororrenderservicetotheContractor,whowillperformworkorlabororworkorimprovementtobeperformedunderthisContract,orasubcontractorlicensedbytheStateofCaliforniawho.undersubcontracttotheContractor,speciallyfabricatesandinstallsaportionoftheworkorimprovementsaccordingtodetailedDrawingscontainedinthePlansandSpecificationsinanamountinexcessofone-halfofonepercentoftheContractor‘stotalbid;and(b)theportionanddescriptionoftheworkwhichwillbedonebyeachsubcontractorunderthisAct.TheContractorshalllistonlyonesubcontractorforeachsuchportionasisdefinedbytheContractorinthisbid.AllsubcontractorsshallbeproperlylicensedbytheCaliforniaStateLicensingBoard.IfaContractorfailstospecifyasubcontractor.orifaContractorspecifiesmorethanonesubcontractorforthesameportionofworktobeperformedundertheContractinexcessofone-halfofonepercentoftheContractor‘stotalbid,theContractorshallbedeemedtohaveagreedthattheContractorisfullyquali?edtoperformthatportion,andthattheContractoraloneshallperformthatportion.N0Contractorwhosebidisacceptedshall(a)substituteanysubcontractor,(b)permitanysubcontractortobevoluntarilyassignedortransferredorallowtherelevantportionoftheworktobeperformedbyanyoneotherthantheoriginalsubcontractorlistedintheoriginalbid.'or(c)subletorsubcontractanyportionoftheworkinexcessofone-halfofonepercentoftheContractor‘stotalbidwheretheoriginalbiddidnotdesignateasubcontractor,exceptasauthorizedintheSublettingandSubcontractingFairPracticesAct.Sublettingorsubcontractingofanyportionoftheworkinexcessofone-halfofonepercentoftheContractor‘stotalbidwherenosubcontractorwasdesignatedintheoriginalbidshallonlybepermittedincasesofpublicemergencyornecessity,andthenonlyaftera?nding.reducedtowritingasapublicrecord.oftheauthorityawardingthisContractsettingforththefactsconstitutingtheemergencyornecessity.Allsubcontractors(ofanytier)performinganyportionoftheWorkmustcomplywiththeLaborCodesections1725.5andl77l.|andmustbeproperlyandcurrentlyregisteredwiththeCaliforniaDepartmentofIndustrialRelationsandqualifiedtoperformpublicworkspursuanttoLaborCodesectionl725.5throughoutthedurationoftheProject.NOTE:Ifalternatebidsarecalledforandbidderintendstousedifferentoradditionalsubcontractorsonthealternates.aseparatelistofsubcontractorsmustbeprovidedforeachsuchAlternate.

Cityoflndio DesignationofSubcontractorslndioPoliceHeadquarters Page23

Award two contracts to the individual contractors listed in each bid cat... Page 562 of 596 wmawn; [0:523:528:9.:65Eot?Ec?zw,3:cEEmiuQ 0.6:..3bro
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Award two contracts to the individual contractors listed in each bid cat... Page 564 of 596 BIDBONDFORMATTACHMENTNO.2TOTHEBIDFORMKNOWALLMENBYTHESEPRESENTthatwe,DannyMiloCorp.dbaDMCEnterprisestheundersigned,(hereaftercalled“Principal”),andthereaftercalled“Surety”),areherebyheldand?rmlybounduntotheCityofIndia(hereaftercalled“City”)inthesumof-TenPercentofAmountBid- ($-10%-tforthepaymentofwhich,wellandtrulytobemade,weherebyjointlyandseverallybindourselves,successors,andassigns.SIGNEDthis23rddayofFebruary,2026.TheconditionoftheaboveobligationissuchthatwhereasthePrincipalhassubmittedtotheCityacertainBid,attachedheretoandherebymadeaparthereof,toenterintoaContractinwritingfortheconstructionof:CityofIndio— IndioPoliceHeadquartersBidCategory:BC02:SiteDemolitionandEarthworkNOW,THEREFORE,a.IfsaidBidisrejected,orb.IfsaidBidisacceptedandthePrincipalexecutesanddeliversaContractortheattachedAgreementformwithin?ve(5)calendardaysafteracceptance(properlycompletedinaccordancewithsaidBid),andfumishesbondsforhisfaithfulperformanceofsaidContractandforpaymentofallpersonsperforminglabororfurnishingmaterialsinconnectiontherewith,Thenthisobligationshallbevoid;otherwise,thesameshallremaininforceandeffect.Surety,forvaluereceived,herebystipulatesandagreesthatnochange,extensionoftime,alteration,oradditiontothetermsoftheContract,orthecallforbids,ortheworktobeperformedthereunder,orthespeci?cationsaccompanyingthesame,shallinanywayaffectitsobligationunderthisbond,anditdoesherebywaivenoticeofanysuchchange,extensionoftime,alteration,oradditiontothetermsofsaidContract,orthecallforbids,orthework,ortothespeci?cations.IntheeventsuitisbroughtuponthisbondbytheCityandjudgmentisrecovered,theSuretyshallpayallcostsincurredbytheCityinsuchsuit,includingwithoutlimitation,attorneys’feestobe?xedbythecourt. *MerchantsBondingCompany(Mutual)
CityofIndio BidBondFormlndioPoliceHeadquarters Page26

Award two contracts to the individual contractors listed in each bid cat... Page 565 of 596 INWITNESSWHEREOF,PrincipalandSuretyhavehereuntosettheirhandsandseals,andsuchofthemasarecorporationshavecausedtheircorporatesealstobeheretoaf?xedandthesepresentstobesignedbytheirproperof?cers,onthedayandyear?rstsetforthabove.

DannyMiloorp.dbaD-Enterprises
5Principal5Signature‘DE)ANI’Mmay;V A.)EWc,_,TypedorPrintedNameKZ/tJ‘g'gét’hTWnnc‘’s1"leBy _:(CorporateSeal) 5rety’sSlgnatu_ AndrewJ.WaterburyTypedorPrintedNameAttorney-in-Fact , ;,Title 1MerchantsBondingCompany(MutualL(AttachedAttorneyinFactCerti?cate)Surety’sNameP.O.BOX14498,DESMOINES,IA50306-3498Surety’sAddress(515)243-8171Surety’sPhoneNumber (CorporateSeal)
_________________________————————CityofIndio BidBondFormIndioPoliceHeadquarters Page27

Award two contracts to the individual contractors listed in each bid cat... Page 566 of 596 IMPORTANT:Suretycompaniesexecutingbondsmustpossessacerti?cateofauthorityfromtheCaliforniaInsuranceCommissionerauthorizingthemtowritesuretyinsurancedefinedinCaliforniaInsuranceCodesection105,andiftheworkorprojectis?nanced,inwholeorinpart,withfederal,grant,orloanfunds,itmustalsoappearontheTreasuryDepartment’smostcurrentlist(Circular570asamended).THISISAREQUIREDFORM.Anyclaimsunderthisbondmaybeaddressedto:(NameandAddressofSurety)MerchantsBondingCompany(Mutual)PO.BOX14498DESMOINES,IA50306—3498_____—.L— (NameandAddressofagentorrepresentativeforserviceofprocessinCaliforniaifdifferentfromabove)MoodyInsuranceAgency,Inc.28942HancockParkway,Valencia,CA91355 (TelephoneNumberofSuretyandagentorrepresentativeforserviceofprocessinCalifornia).Surety:(515)213-8171Agent:(303)824-6600 _—__——__—__—___—_———CityofIndio BidBondFormIndioPoliceHeadquarters Page28

Award two contracts to the individual contractors listed in each bid cat... Page 567 of 596

COLORADONOTARYACKNOWLEDGEMENT(INDIVIDUAL)
StateofColoradoCountyofDenver
ThisrecordwasacknowledgedbeforemeonFebruary23,2026 (date)byAndrewJ.Waterbury(name[s]ofindividual[s]). (Seal)WENDIJORDANNotaryPublicStateofColoradoNotaryl0020264026413MyCommissionExires07-11-2029TitleofOfficeMyCommissionExpires:07/11/2029 Copyright©2018NotaryAcknowledgement.com.AllRightsReserved.

Award two contracts to the individual contractors listed in each bid cat... Page 568 of 596 MERCHAN?BONDINGCOMPANY".POWEROFATTORNEYKnowAllPersonsByThesePresents,thatMERCHANTSBONDINGCOMPANY(MUTUAL)andMERCHANTSNATIONALBONDING,lNC.,bothbeingcorporationsoftheStateofIowa,andMERCHANTSNATIONALINDEMNITYCOMPANY,anassumednameofMerchantsNationalBonding,lnc.,(hereincollectivelycalledthe"Companies")doherebymake,constituteandappoint,individually,AndrewJWaterbury;BradMoody;ElizabethOstblom;EvanEMoody;JodyLAnderson;KarenAFeggestad;ReginaRFleming theirtrueandlawfulAttorney(s)-in-Fact,tosignitsnameassurety(ies)andtoexecute,sealandacknowledgeanyandallbonds,undertakings,contractsandotherwritteninstrumentsinthenaturethereof,onbehalfoftheCompaniesintheirbusinessofguaranteeingthe?delityofpersons.guaranteeingtheperformanceofcontractsandexecutingorguaranteeingbondsandundertakingsrequiredorpermittedinanyactionsorproceedingsallowedbylaw.ThisPower-of-AttorneyisgrantedandissignedandsealedbyfacsimileunderandbyauthorityoftheBy-LawsadoptedbytheBoardofDirectorsoftheCompanies."ThePresident,Secretary,Treasurer,oranyAssistantTreasureroranyAssistantSecretaryoranyVicePresidentshallhavepowerandauthoritytoappointAttorneys-in-Fact,andtoauthorizethemtoexecuteonbehalfoftheCompany,andattachthesealoftheCompanythereto,bondsandundertakings,recognizances,contractsofindemnityandotherwritingsobligatoryinthenaturethereof.""Thesignatureofanyauthorizedof?cerandthesealoftheCompanymaybeaf?xedbyfacsimileorelectronictransmissiontoanyPowerofAttorneyorCerti?cationthereofauthorizingtheexecutionanddeliveryofanybond,undertaking,recognizance,orothersuretyshipoobligationsoftheCompany,andsuchsignatureandsealwhensousedshallhavethesameforceandeffectasthoughmanually?xed."InconnectionwithobligationsinfavoroftheFloridaDepartmentofTransportationonly,itisagreedthatthepowerandauthorityherebygiventotheAttomey-in-Factincludesanyandallconsentsforthereleaseofretainedpercentagesand/or?nalestimatesonengineeringandconstructioncontractsrequiredbytheStateofFloridaDepartmentofTransportation.ItisfullyunderstoodthatconsentingtotheStateofFloridaDepartmentofTransportationmakingpaymentofthe?nalestimatetotheContractorand/oritsassignee,shallnotrelievethissuretycompanyofanyofitsobligationsunderitsbond.InconnectionwithobligationsinfavoroftheKentuckyDepartmentofHighwaysonly,itisagreedthatthepowerandauthorityherebygiventotheAttorney—in-Factcannotbemodi?edorrevokedunlesspriorwrittenpersonalnoticeofsuchintenthasbeengiventotheCommissioner- DepartmentofHighwaysoftheCommonwealthofKentuckyatleastthirty(30)dayspriortothemodi?cationorrevocation.InWitnessWhereof,theCompanieshavecausedthisinstrumenttobesignedandsealedthis4thdayofNovember,2025MERCHANTSBONDINGCOMPANY(MUTUAL)MERCHANTSNATIONALBONDING,INC.IIII“uu"a...;;Q°.- MERCHANTSNATIONALINDEMNITYCOMPANY:L:.-'I“;1933 7%.4".............'--..<.>... BySTATEOFIOW ACOUNTYOFDALLAS55.Onthis4thdayof November2025,beforemeappearedLarryTaylor,tomepersonallyknown,whobeingbymedulysworndidsaythatheisPresidentofMERCHANTSBONDINGCOMPANY(MUTUAL),MERCHANTSNATIONALBONDING,INC.,andMERCHANTSNATIONALINDEMNITYCOMPANY;andthatthesealsaf?xedtotheforegoinginstrumentaretheCorporateSealsoftheCompanies;andthatthesaidinstrumentwassignedandsealedinbehalfoftheCompaniesbyauthorityoftheirrespectiveBoardsofDirectors.PenniMiller .CommissionNumber787952MyCommissionExpiresJanuary20,2027(Expirationofnotary‘scommissionNotaryPUDIICdoesnotinvalidatethisinstrument)I,ElisabethSandersfeld,SecretaryofMERCHANTSBONDINGCOMPANY(MUTUAL),MERCHANTSNATIONALBONDING,INC.,andMERCHANTSNATIONALINDEMNITYCOMPANYdoherebycertifythattheaboveandforegoingisatrueandcorrectcopyofthePOWER—OF-ATTORNEYexecutedbysaidCompanies,whichisstillinfullforceandeffectandhasnotbeenamendedorrevoked.InWitnessWhereof,Ihavehereuntosetmyhandandaf?xedthesealoftheCompaniesonthis23rddayofFebruary,2026 ’ Secretary
POA0018(5/25)

Award two contracts to the individual contractors listed in each bid cat... Page 569 of 596 No.2482-8
STATEOFCALIFORNIADEPARTMENTOFINSURANCESANFRANCISCOAmendedCerti?cateofAuthority THISISTOCERTIFYthat,pursuanttotheInsuranceCodeoftheStateofCalifornia, MerchantsBondingCompany(Mutual)
ofIowa,organizedunderthelawsofIowa,subjecttoitsArticlesofIncorporationorotherfundamentalorganizationaldocuments,isherebyauthorizedtotransactwithinthisState,subjecttoallprovisionsofthisCertificate,thefollowingclassesofinsurance:

Surety,Liability,andMiscellaneous
assuchclassesarenowormayhereafterbede?nedintheInsuranceLawsoftheStateofCalifornia.THISCERTIFICATEisexpresslyconditionedupontheholderhereofnowandhereafterbeinginfullcompliancewithall,andnotinviolationofany,oftheapplicablelawsandlawfulrequirementsmade'underauthorityofthelawsoftheStateofCaliforniaaslongassuchlawsorrequirementsareineffectandapplicable,andassuchlawsandrequirementsnoware,ormayhereafterbechangedoramended.

INWITNESSWHEREOF,e?ectiveasoftheI"dayofOctober,2015,Ihavehereuntosetmyhandandcausedmyo?icialsealtobeaffixedthisI"dayofOctober.2015.

DaveJonesInsuranceCommissioner
By ValerieSarfatyforNettieHogcChiefDeputy
NOTICE:Quali?cationwiththeSecretaryofStatemustbeaccomplishedasrequiredbytheCaliforniaCorporationsCodepromptlyalterissuanceofthisCerti?cateofAuthority.FailuretodosowillbeaviolationofinsuranceCodesection70!andwillbegroundsforrevokingthisCerti?cateofAuthoritypursuanttothecovenantsmadeintheapplicationthereforandtheconditionscontainedherein.

Award two contracts to the individual contractors listed in each bid cat... Page 570 of 596 CALIFORNIAALL-PURPOSECERTIFICATEOFACKNOWLEDGMENTAnotarypublicorotherof?cercompletingthiscerti?cateveri?esonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscerti?cateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument.StateofCaliforniaCountyofSanDiego Ona[asl903$beforeme,E.AlamedaGonzalez,NotaryPublic(Hereinsertnameandtitleoftheof?cer)personallyappearedDivkxlT?\\Cgfkv\‘YQ‘V‘lLwhoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(sXWhosename(§§is}aresubscribedtothewithininstrumentandacknowledgedtometha®hehheyexecutedthesamei'/ier/theirauthorizedcapacity(i/os),andthatbyQyQ/her/theirsignature(sxyontheinstrumentthepersona),ortheentityuponbehalfofwhichtheperson(s)acted,executedtheinstrument.IcertifyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphistrueandcorrect.WITNESSmyhandandof?cialseal. E.ALAMEDAGONZALEZ- .7 . V' 5.I]COMM.#2464517
‘ l
‘
.. _‘.4 NotaryPublic-California. . (NotarySeal)"." SanDiegoCountySignatureofNotaryPulic ' _‘~.MyComm.EpirsSpe.2’62027
ADDITIONALOPTIONALINFORMATIONINSTRUCTIONSFORCOMPLETINGTHISFORMAnyacknowledgmentcompletedinCaliforniamustcontainverbiageexactlyasDESCRIPTIONOFTHEATTACHEDDOCUMENTappearsaboveinthenotarysectionoraSeparateacknowledgmentformmustbe_ properlycompletedandattachedtothatdocument.Theonlyexceptionisifam\i , ¥o(m documentistoberecordedoutsideofCalifornia.Insuchinstances,anyalternativeacknowledgmentverbiageasmaybeprintedonsuchadocumentsolongastheverbiagedoesnotrequirethenotarytodosomethingthatisillegalforanotaryinCalifornia(i.e.certi?tingtheauthorizedcapacityofthesigner).Pleasecheckthedocumentcarefullyforpropernotarialwordingandattachthisformifrequired.(Titleordescriptionofattacheddocument) (Titleordescriptionofattacheddocumentcontinued)StateandCountyinformationmustbetheStateandCountywherethedocumentNumberOfPages—— DocumentDate._——signcr(s)personallyappearedbeforethenotarypublicforacknowledgment.Dateofnotarizationmustbethedatethatthesigner(s)personallyappearedwhichmustalsobethesamedatetheacknowledgmentiscompleted.(Additionalinformation)Thenotarypublicmustprinthisorhernameasitappearswithinhisorhercommissionfollowedbyacommaandthenyourtitle(notarypublic).Printthename(s)ofdocumentsigncr(s)whopersonallyappearatthetimeofnotarization.CAPACITYCLAIMEDBYTHESIGNERIndicatethecorrectsingularorpluralformsbycrossingoffincorrectforms(i.e... he/she/they:ishere)orcirclingthecorrectforms.FailuretocorrectlyindicatethisIndIVidual(S) informationmayleadtorejectionofdocumentrecording.CorporateOf?cer Thenotarysealimpressionmustbeclearandphotographicallyreproducible.Impressionmustnotcovertextorlines.Ifsealimpressionsmudges,re-sealifa(Title) suf?cientareapermits,otherwisecompleteadifferentacknowledgmentform.Partner(s) SignatureofthenotarypublicmustmatchtheSignatureonfileWiththeof?ceof. thecountyclerk.A?omCY'ln'FaCt'1'AdditionalinformationisnotrequiredbutcouldhelptoensurethisTrustee(s) acknowledgmentisnotmisusedorattachedtoadifferentdocument.Other 6°Indicatetitleortypeofattacheddocument,numberofpagesanddate..'3Indicatethecapacityclaimedbythesigner.IftheclaimedcapaCityISacorporateofficer,indicatethetitle(i.e.CEO,CFO,Secretary).-Securelyattachthisdocumenttothesigneddocument 2008VersionCAPAv12.10.07800-873-9865www.NotaryClasses.com

Award two contracts to the individual contractors listed in each bid cat... Page 571 of 596 BIDGUARANTEEFORMATTACHMENTNO.2TOTHEBIDFORM
jUseonlywhennotusingaBidBond!
Accompanyingthisproposalisacashier’scheckpayabletotheorderoftheCityofIndiooracerti?edcheckpayabletotheorderoftheCityoflndioinanamountequaltotenpercent(10%)ofthebasebidandalternates($ N/A).TheproceedsofthischeckshallbecomethepropertyofsaidCity.if.thisproposalshallbeacceptedbytheCityandtheundersignedfailstoexecuteaContractwithandfurnishthesuretiesrequiredbytheCitywithintherequiredtime;otherwise,aidcheckistobereturnedtotheundersigned.

Cit)ot‘lndio BidGuaranteeFormlndioPoliceHeadquarters Page29

Award two contracts to the individual contractors listed in each bid cat... Page 572 of 596 CONTRACTOR’SCERTIFICATEREGARDINGWORKERS’COMPENSATIONFORMATTACHMENTNO.3TOTHEBIDFORM LaborCodesection3700inrelevantpartprovides:EveryemployerexcepttheStateshallsecurethepaymentofcompensationinoneormoreofthefollowingways:l. BybeinginsuredagainstliabilitytopaycompensationbyoneormoreinsurersdulyauthorizedtowritecompensationinsuranceinthisState.2.BysecuringfromtheDirectoroflndustrialRelationsacerti?cateofconsenttoself—insure.whichmaybegivenuponfurnishingproofsatisfactorytotheDirectorofIndustrialRelationsofabilitytoself-insureandtopayanycompensationthatmaybecomeduetoemployees. ‘1.s.Foranycounty,city.cityandcounty.municipalcorporation,publicCity,publicagency,oranypoliticalsubdivisionofthestate,includingeachmemberofapoolingarrangementunderajointexerciseofpowersagreement(butnotthestateitself),bysecuringfromtheDirectorofIndustrialRelationsacerti?cateofconsenttoself-insureagainstworkers‘compensationclaims.whichcerti?catemaybegivenuponfurnishingproofsatisfactorytothedirectorofabilitytoadministerworkers‘compensationclaimsproperly.andtopayworkers‘compensationclaimsthatmaybecomeduetoitsemployees.OnorbeforeMarch3l.l979,apoliticalsubdivisionofthestatewhich.onDecember31,1978,wasuninsuredforitsliabilitytopaycompensation.shall?leaproperlycompletedandexecutedapplicationforacerti?cateofconsenttoself-insureagainstworkers‘compensationclaims.Thecerti?cateshallbeissuedandbesubjecttotheprovisionsofSection3702.IamawareoftheprovisionsofLaborCodesection3700whichrequireeveryemployertobeinsuredagainstliabilityforworkers'compensationortoundertakeself-insuranceinaccordancewiththeprovisionsofthatcode,and1willcomplywithsuchprovisionbeforecommencingtheperformanceoftheworkofthisContract. (Signature)
DejanMilosavljevic-president,secretary,treasurer,andmanager(Print) 2/25/26(Date)
InaccordancewithArticle5(commencingatsectionl860).Chapter1.Part7.Division2oftheLaborCode.theabovecerti?catemustbesignedandsubmittedwiththeContractor‘sbid.

Cit)ol‘lndio Contractor‘sCerti?cateRegardingWorkers"Compensationl-‘ormlndioPoliceHeadquarters Page30

Award two contracts to the individual contractors listed in each bid cat... Page 573 of 596 NON-COLLUSIONDECLARATIONATTACHMENTNO.4TOTHEBIDFORMTheundersigneddeclares:Iamthepresident,secretag.treasurer[Title]ofDannyMiloCorpDBADMCEnterprises[NameofCompany].thepartymakingtheforegoingbid.Thebidisnotmadeintheinterestof.oronbehalfof.anyundisclosedperson.partnership.company.association.organization,orcorporation.Thebidisgenuineandnotcollusiveorsham.Thebidderhasnotdirectlyorindirectlyinducedorsolicitedanyotherbiddertoputinafalseorshambid.Thebidderhasnotdirectlyorindirectlycolluded.conspired.connived.oragreedwithanybidderoranyoneelsetoputinashambid.ortorefrainfrombidding.Thebidderhasnotinanymanner.directlyorindirectly.soughtbyagreement.communication.orconferencewithanyonetofixthebidpriceofthebidderoranyotherbidder.orto?xanyoverhead.pro?t.orcostelementofthebidprice.orofthatofanyotherbidder.Allstatementscontainedinthebidaretrue.Thebidderhasnot.directlyorindirectly,submittedhisorherbidpriceoranybreakdownthereof.orthecontentsthereof.ordivulgedinformationordatarelativethereto.toanycorporation.partnership.company.association.organization.biddepository.ortoanymemberoragentthereof.toeffectuateacollusiveorshambid.andhasnotpaid.andwillnotpay.anypersonorentityforsuchpurpose.Anypersonexecutingthisdeclarationonbehalfofabidderthatisacorporation.partnership.jointventure.limitedliabilitycompany.limitedliabilitypartnership.oranyotherentity.herebyrepresentsthatheorshehasfullpowertoexecute.anddoesexecute.thisdeclarationonbehalfofthebidder.IdeclareunderpenaltyofperjuryunderthelawsoftheStateofCaliforniathattheforegoingistrueandcorrectandthatthisdeclarationisexecutedon 2/25/26 7 [Date].atVista[City],California[State].

Signed:

TypedName:DejanMilosavljevic
Cityoflndio Non-CollusionDeclarationFormlndioPoliceHeadquarters Page31

Award two contracts to the individual contractors listed in each bid cat... Page 574 of 596 ACKNOWLEDGMENTOFBIDDINGPRACTICESREGARDINGINDEMNITYFORMATTACHMENTNO.5TOTHEBIDFORMTO:CityofIndiaRE:lndioPoliceHeadquartersConstructionContractforBidCategory:BC02-SiteDemolitionandEarthworkPleasebeadvisedthatwithrespecttotheabove-referencedProject.theundersignedContractoronbehalfofitselfandallsubcontractorsherebywaivesthebene?tsandprotectionofLaborCodesection3864.whichprovides:"lfanactionasprovidedinthischapterisprosecutedbytheemployee.theemployer,orbothjointlyagainstthethirdpersonresultsinjudgmentagainstsuchthirdperson,theemployershallhavenoliabilitytoreimburseorholdsuchthirdpersonharmlessonsuchjudgmentorsettlementintheabsenceot‘awrittenagreementtodosoexecutedpriortotheinjury."ThisAgreementhasbeensignedbyanauthorizedrepresentativeofthecontractingpartyandshallbebindinguponitssuccessorsandassignees.TheundersignedfurtheragreestopromptlynotifytheCityofanychangesofownershipofthecontractingpartyoranysubcontractorwhilethisAgreementisinforce.

DannyMiloCorpDBADMCEnterprisesContrtingPartyzlzr/réDe'anMilosavl'evic-presidentsecretarytreasurerandmanagerNameofAgent/Title Cityoflndio AcknowledgmentofBiddingPracticesRegardingIndemnityFormlndioPolicel'leadquarters Page32

Award two contracts to the individual contractors listed in each bid cat... Page 575 of 596 SITECONDITIONSCERTIFICATIONATTACHMENTNO.6TOTHEBIDFORMThisisnotaJob-walkacknowledgement.RegardlessoftheJob—walkrequirement(MandatoryorNon-mandatory)asstipulatedintheNoticelnvitingBids.lcertifythatlhavevisitedthesiteoftheproposedworkandhavefullyacquaintedmyselfwiththeconditionsoftheProjectsite.aswellasthoserelatingtoconstructionandlaboroftheProject.andIfullyunderstandthefacilities.difficulties.andrestrictionswhichmayimpactthetotalandadequatecompletionoftheProject.IcertifyunderpenaltyofperjuryunderthelawsoftheStateofCaliforniathattheforegoingistrueandcorrect.Iagreetofullydefend.indemnifyandholdharmlesstheCity.itselectedandappointedof?cials.of?cers.employees.attorneys,agents,volunteers,andindependentcontractors.Architect.ConstructionManager.inspectors.andtheirof?cers.employees.agentsandindependentcontractorsfromanydamages.costs.expenses.oromissionsrelatedtoconditionsthatcouldorshouldhavebeenidenti?edduringmyvisittothesite.

SignatureofBidder:W
TypedNameofBidder:Qg‘anMitgsgvl‘gvig-
president,secretary,treasurerDannyMiloCorpDBADMCEnterprises ('it\oflndio SiteVisitCerti?cationlndioPoliceHeadquarters Page33