Agenda — Kingsburg City Council, May 1, 2024 (part 1 of 2)

AGENDA

KINGSBURG CITY COUNCIL

REGULAR MEETING
Council Chamber, 1401 Draper Street, Kingsburg, CA 93631 (559) 897-5821 www.cityofkingsburg-ca.gov
Wednesday, May 1, 2024 at 6pm
Invocation to be given by Pastor Alex Brumley, The Refinery Church, followed by the Pledge of Allegiance led by Mayor Brandon Pursell, Jr.
6 P.M. REGULAR SESSION MEETING:

1. Call to Order and Roll Call

2. Approve Agenda: Action by the Council to approve the agenda or to make modifications. Items that can be added to the agenda is constrained by State law.

3. Presentations:

None.

4. Public Comments: This is the time for any citizen to come forward and address the City Council on any issue within its jurisdiction that is not listed on the Agenda. A maximum of five (5) minutes is allowed for each speaker.

5. Consent Calendar: Items considered routine in nature are to be placed on the Consent Calendar.

They will be considered as one item and voted upon in one vote unless individual consideration is requested. Each vote in favor of the Consent Calendar is considered and recorded as a separate affirmative vote in favor of each action listed. Approval of the Consent Calendar items include recitals reading ordinance(s) by titles(s) only and adoption of recommended action(s) contained in Staff Reports.

5.1 Approval of City Council Minutes: Approve the minutes from the April 17, 2024 Regular Council Meeting as prepared by City Clerk Abigail Palsgaard.

Sponsor: City Clerk’s Office

5.2 Check Register: Ratify/approve payment of bills listed on the check register for the period April 9, 2024 through April 22, 2024 as prepared by Accounts Payable Clerk Marsha Alves.

Sponsor: Finance Department
City of Kingsburg
1401 Draper Street, Kingsburg, CA 93631-1908
Phone (559)897-5821 Fax (559)897-5568
Mayor Brandon Pursell, Jr.

Mayor Pro Tem Vince Palomar
Council Member Laura North
Council Member Staci Smith
Council Member David M. Silva
City Manager Alexander J. Henderson
Kingsburg City Council Agenda
May 1, 2024

5.3 Authorize a sole-source purchase order to contract with M.E.D. Enterprises, Inc. to facilitate the Fire Department’s strategic planning process.– Staff Report by Fire Chief John Binaski.

Sponsor: Fire Department

5.4 Authorize a sole-source purchase order to contract with FireStats, LLC to perform GIS and data analysis for the Fire Department.– Staff Report by Fire Chief John Binaski.

Sponsor: Fire Department

5.5 Receive and File the May 2024 - Building and Safety Month Proclamation. - Staff Report by Building Official AJ O’Connell
Sponsor: Community Development Department

5.6 Award the 2024 Streets Project to Don Berry Construction, Inc. in the amount of $893,187.50.- Staff report by City Engineer Dave Peters Sponsor: City Engineer’s Department

5.7 Accept the Treasurer’s Report from January 1, 2024 to March 31, 2024 pursuant to Government Code 4001.- Staff Report by Finance Director Alma Colado
Sponsor: Finance Department

6. Regular Calendar

6.1 Financial Statements for the Year Ended June 30, 2023 – Consider Statements as prepared by Price Paige & Company - Staff Report prepared by Finance Director Alma Colado
Sponsor: Finance Department
Possible Action(s):
a. Presentation by Anthony Gonzalez of Price Page & Company b. Public Comment
c. Council Discussion
d. Action as Deemed Necessary

6.2 Senior Center Kitchen Remodel Award- Staff report by City Engineer Dave Peters Sponsor: City Engineer’s Department
Possible Action(s):
a. Presentation by City Engineer Dave Peters
b. Public Comment
c. Council Discussion
d. Action As Deemed Necessary

6.3 2024 City Wide Park Improvements Award - Staff report by City Engineer Dave Peters Sponsor: City Engineer’s Department
Possible Action(s):
a. Presentation by City Engineer Dave Peters
b. Public Comment
c. Council Discussion
Kingsburg City Council Agenda
May 1, 2024
d. Action As Deemed Necessary

6.4 Adoption of the City of Kingsburg 2024 Emergency Operation Plan – Staff Report by Fire Chief John Binaski
Sponsor: Fire Department
Possible Action(s):
b. Presentation by Fire Chief John Binaski
b. Public Comment
c. Council Discussion
d. Action As Deemed Necessary

7. Council Reports and Staff Communications

7.1 Community Services Commission

7.2 Public Safety Committee

7.3 Chamber of Commerce

7.4 Economic Development

7.5 Finance Committee

7.6 Planning Commission

7.7 South Kings Groundwater Sustainability Agency Joint Powers Authority (SKGSA)

7.8 Downtown Business Improvement District

7.9 Council of Governments

7.10 Council Member Reports

7.11 City Manager’s Report

8. Future Agenda Items: None.

These items will be added to a future agenda with a motion from Council and majority voice vote.

9. Adjourn Regular Kingsburg City Council Meeting.

Any writings or documents provided to a majority of the Governing Body regarding any item on this agenda will be made available for public inspection at City Hall, in the City Clerk’s office, during normal business hours. In addition, such writings and documents may be posted on the City’s website at www.cityofkingsburg-ca.gov.

In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the office of the City Clerk (559) 897-6520. Notification 48 hours prior to a meeting will enable the City to make reasonable arrangements to ensure accessibility to that meeting [28 CFR 35 .102.35.104 ADA Title II].

Title VI of the Civil Rights Act of 1964 provides that no person in the United States shall, on the grounds of race, color, or national origin, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any program or activity receiving federal financial assistance.

I hereby certify, under penalty of perjury under the laws of the State of California that the foregoing Agenda was posted at the front entrance of City Hall not less than 72 hours prior to the meeting. Dated this 26th day of April 2024.
____________________________________
Abigail Palsgaard, City Clerk

KINGSBURG CITY COUNCIL

REGULAR MEETING MINUTES
April 17, 2024
1401 Draper Street, Kingsburg, CA 93631
Invocation was given by Pastor John Dostal, Concordia Lutheran Church, followed by the Pledge of Allegiance led by Mayor Brandon Pursell, Jr.

Call to Order and Roll Call: Mayor Pursell, Jr. called the regular meeting of the Kingsburg City Council to order at 6:00 PM.

Council Members Present: David Silva, Vince Palomar, Laura North, Staci Smith and Mayor Brandon Pursell Jr.

Council Member Absent: None.

Approve Agenda: A motion was made by Council Member Laura North seconded by Council Member Smith, to approve the agenda, as published. The motion carried by a unanimous voice vote.

Presentations: None.

Public Comments: None.

Consent Calendar: A motion was made by Council Member Smith, seconded by Council Member Silva, to approve the items appearing on the Consent Calendar. The motion carried by a unanimous voice vote.

5.1 Approval of City Council Minutes: Approve the minutes from the April 3, 2024 Regular Council Meeting as prepared by City Clerk Abigail Palsgaard.

Sponsor: City Clerk’s Office

5.2 Check Register: Ratify/approve payment of bills listed on the check register for the period March 26, 2024 through April 8, 2024 as prepared by Accounts Payable Clerk Marsha Alves.

Sponsor: Finance Department

5.3 Approve moving the first Council Meeting in June from Wednesday to Tuesday, June 4, 2024 due to a schedule conflict.– Staff Report by City Clerk Abigail Palsgaard.

Sponsor: City Clerk’s Office

5.4 Adopt Resolution No. 2024-020 adopting the City of Kingsburg Street Cutting Policy - Staff report by City Engineer Dave Peters
Sponsor: City Engineer’s Department

5.5 Adopt Resolution No.2024-021 adopting the Utility Undergrounding Policy pertaining to requirements for installation and relocation of utility facilities underground - Staff report by City Engineer Dave Peters Sponsor: City Engineer’s Department
Kingsburg City Council Minutes
April 17, 2024
Regular Calendar
Total Compensation Study for the City of Kingsburg - Staff report by Assistant City Manager/Admin.

Services Director Christina Windover
Sponsor: Assistant City Manager/Admin. Services Director’s Department Assistant City Manager/Administrative Services Director Christina Windover gave a summary of the history of the project. She detailed the reasoning behind the project was to ensure wages were fair and competitive for staff in Kingsburg. Recommended action for council was to accept the compensation study as final.

Gallagher Consultant Kari Mercer reviewed her presentation. The study used 10 cities with overall comparable items like geography and number of employees. She reviewed survey elements, results and went over next steps.

Council discussed the data regarding positions and where employees are categorized. All agreed the the data was necessary for full transparency. Kari Mercer clarified they compared job descriptions to other cities to ensure there was an over all match, this ensured positions were not left out.

A motion was made by Council Member Silva, seconded by Council Member North to adopt the Total Compensation Study. The motion carried by a unanimous voice vote.

Pre-approved Accessory Dwelling Unit Plans – Staff Report by Building Official AJ O’Connell Sponsor: Community Development Department
Building Official AJ O’Connell presented a design concept for ADUs that will be compliance with the requirement of AB 1332. He went over 2 design concepts. Designs are pre-engineered and we can use them at no cost. Property owners can design their own at their cost, or use these.

Council discussed the savings the residents will have by using these pre-designed plans. They also discussed the possibility of having minor modifications. The ADUs can have either their own electricity, gas and water meter, or it can attached to the existing meters. Staff would prefer they have their own, but we do not have an ordinance mandating it. Parking was discussed, a site specific site plan will need to be submitted that will show one parking spot per unit. Set backs and lot sizes were discussed, staff believes the set backs would be the state mandated 4 foot side yard set back compared to our existing 5 foot set back. The new unit will require a new address, the post office has requested that there will not be anymore half addresses. The timeline was discussed, it is not unreasonable to have this program ready to go 1/1/2025.

Chris Peterson, resident, asked if solar is allowed. Mr. O’Connell said yes. Ms. Peterson asked about ramps and handicap bars in the restroom. Sliding glass doors could be a trip hazard. Mr. O’Connell AJO there would be no delay in the approvals with those changes. Council clarified homeowners can modify the plans, these are for people who do not want to purchase their own plans.

A motion was made by Council Member Smith, seconded by Council Member Silva to adopt Resolution 2024-022 adopting the Pre-approved Accessory Dwelling Unit Standard Plans and directing staff to implement the program upon date of approval. The motion carried by a unanimous voice vote.

Kingsburg City Council Minutes
April 17, 2024
Crime Statistics Report for January – March 2024 and General Police Department UpdateCrime Statistics Report prepared by Kingsburg Police Department Records Supervisor Corina Padilla.

Sponsor: Police Department
Police Chief Neil Dadian discussed the crime update in Kingsburg, including mail theft arrests, stolen vehicles suspects and investigating commercial burglaries. He gave multiple case updates, personnel updates and that the body worn and vehicle cameras will be rolling out soon. Council told Chief Dadian to keep up the hard work.

Council Reports and Staff Communications
Community Services Commission – Have not met.

Public Safety Committee – Have not met.

Chamber of Commerce – Discussed farmers market, chamber mixer, and the need for raffle prizes for the upcoming car show. They are also working on a fundraiser for the 2024 fireworks show.

Economic Development – Have not met.

Finance Committee – Have not met.

Planning Commission – Have not met.

South Kings Groundwater Sustainability Agency Joint Powers Authority (SKGSA) – The draft budget was presented. Discussed possibly using a SKF storm basin as a recharge basin.

Downtown Business Improvement District – Have not met.

Council of Governments – Have not met.

Council Member Reports – Council Member Smith discussed the weekend of wellness coming up 4/27/2024. Council Member Silva gave an update on the hospital board, chamber mixer at 559 Honey, and car show. Council Member Palomar discussed the pancake breakfast Saturday at the senior center for the car show. Finally, Mayor Pursell Jr detailed Bowl Bistro’s grand opening and the interview with the local news.

City Manager’s Report – Hopefully getting an agreement with the City of Selma for animal services.

The Sierra Street RRFB project should be completed by Friday, April 19, 2024. There are multiple projects out for bid. Conditional approval of our housing element.

Future Agenda Items: None.

Mayor Pursell Jr. adjourned the Regular Kingsburg City Council Meeting into Closed Session at 7:22 PM.

9.1 CONFERENCE WITH REAL PROPERTY NEGOTIATOR
California Government Code Section 54956.8
Property: A portion of the real property located at 1483 Avenue 396, Kingsburg City Council Minutes
April 17, 2024
Kingsburg, CA.

City Negotiator: Alexander Henderson
Under Negotiation: Terms
Mayor Pursell Jr. adjourned out of Close Session into Regular Kingsburg City Council Meeting and report out of Closed Session 7:49 PM.

City Attorney Michael Noland stated there was nothing to report.

Mayor Pursell Jr. adjourned the Regular Kingsburg City Council Meeting at 7:49 PM.

Submitted by:
____________________________________
Abigail Palsgaard, City Clerk
Accounts Payable
User:

Printed:
marshaa
4/24/2024 3:02 PM
Checks by Date - Detail by Check Date
Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
ACH 3470 Internal Revenue Service - ACH 04/09/2024
PR Batch 00002.04.2024 Federal Income Tax PR Batch 00002.04.2024 Federal Income Tax 169.21 PR Batch 00002.04.2024 Medicare Employee Portion PR Batch 00002.04.2024 Medicare Employee Portion 24.87 PR Batch 00002.04.2024 FICA Employer Portion PR Batch 00002.04.2024 FICA Employer Portion 106.34 PR Batch 00002.04.2024 FICA Employee Portion PR Batch 00002.04.2024 FICA Employee Portion 106.34 PR Batch 00002.04.2024 Medicare Employer Portion PR Batch 00002.04.2024 Medicare Employer Portion 24.87 Total for this ACH Check for Vendor 3470: 431.63
ACH 3471 Employment Development Department - ACH04/09/2024 PR Batch 00002.04.2024 State Income Tax PR Batch 00002.04.2024 State Income Tax 35.24 PR Batch 00002.04.2024 CA SDI PR Batch 00002.04.2024 CA SDI 18.87 Total for this ACH Check for Vendor 3471: 54.11
Total for 4/9/2024: 485.74
ACH 4789 US BANKCORP SERVICE CENTER 04/12/2024
Clark 3/29/24 Stacked Bar and Grill -Dinner for working staff 118.77 Colado 3/29/24 Staples-Finance Supplies 34.15
Colado 3/29/24 Staples-Finance Supplies 27.79
Colado 3/29/24 Springbrook Conf.: Alves,Hernandez,Franco, Oct. 2024 1,342.50 Colado 3/29/24 Amazon-Air Purifier S. Bennett 32.68
Colado 3/29/24 Staples-Finance Supplies 27.78
Colado 3/29/24 Staples-Finance Supplies 84.39
Colado 3/29/24 Staples-Finance Supplies 34.16
Colado 3/29/24 Springbrook Conf.: Alves,Hernandez,Franco, Oct. 2024 1,342.50 Colado 3/29/24 Staples-Finance Supplies 84.39
Cstnda 3/29/24 Costco Easter Supplies/Senior Potluck 157.45 Cstnda 3/29/24 Amazon senior center paper supplies 51.20 Cstnda 3/29/24 Healthcare dist quarterly report luncheon 36.43 Cstnda 3/29/24 Poster My Wall.com Subscription 99.95
Cstnda 3/29/24 Senior Center Envelopes Supplies 33.44
Cstnda 3/29/24 Pool Staff Lifeguard Training lunch/Subway 181.34 Cstnda 3/29/24 Pool Staff lifeguard training snacks 22.25 Cstnda 3/29/24 Amazon Supplies/Senior Easter 94.79
Cstnda 3/29/24 Senior Center Supplies, Family Dollar 18.47 Galvez 3/29/24 A/R File Shelves 950.14
Galvez 3/29/24 Training Lunch 3/14/24 50.02
Galvez 3/29/24 Google TV 72.99
Hrndez 3/29/24 Parts Warehouse - Replace broken part for refrigerator door 94.80 Owen 3/29/24 Southwest Flight-K Bartel Laserfische Conference 209.96 Owen 3/29/24 Amazon-Kitchen Supplies 55.10
Owen 3/29/24 Amazon-Kitchen Supplies 74.81
Owen 3/29/24 Amazon-Label maker 56.34
Owen 3/29/24 Amazon-Janitorial Supplies 28.92
Owen 3/29/24 Holly's APA/AICP Membership 692.00
Plozaj 3/29/24 American Chair diner chair service 188.47 AP Checks by Date - Detail by Check Date (4/24/2024 3:02 PM) Page 1 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Plozaj 3/29/24 Costco- muffins,drinks,plastic ware, napkins 96.50 Plozaj 3/29/24 Dollar Tree Table covers, plates utilities pans 35.52 Plozaj 3/29/24 Holiday Inn Express Hotel 3/17 Training (Guzman) 502.44 Plozaj 3/29/24 Grocery Outlet- coffee supplies FMCPCA meeting 19.66 Plozaj 3/29/24 Holiday Inn Express Hotel 3/17 Training (Jimenez) 502.44 Plozaj 3/29/24 Bella Bakery- Dessert (FMCPCA) meeting 90.00 Plozaj 3/29/24 CSULB IA Affairs Seminar Service Fee 10.52 Plozaj 3/29/24 Reconynx monthly camera service 21.80
Plozaj 3/29/24 Dollar Tree- (Kitchen Supplies) 11.00
Plozaj 3/29/24 Promotions Now-KPD logo kids sunglasses 326.59 Plozaj 3/29/24 RoadHouse99- Lunch(FMCPCA meeting) 1,421.40 Plozaj 3/29/24 CSULB IA Affairs Registration April 22-24 (Carey) 397.00 Plozaj 3/29/24 Holiday Inn Express Hotel 3/17 Training (Gonzales) 532.44 Plozaj 3/29/24 Target- return dinnerware damaged -10.92 Plsgrd 3/29/24 Water bottles for council meetings 16.38 Prkins 3/29/24 Apple- subscription for electronic planner- RO 19.99 Prkins 3/29/24 Remarkable- to be reimbursed by Chief Perkins 2.99 Prkins 3/29/24 Adobe- to be reimbursed b Chief Perkins 19.99 Prkins 3/29/24 Bookeo- monthly subscription for CPR classes 39.95 Windver 3/29/24 Ease-ACA Reporting 443.82
Windver 3/29/24 Ease-ACA Reporting Correction 5.69
Windver 3/29/24 Southwest Flight-S Bennett Laserfische Conference 209.96 Total for this ACH Check for Vendor 4789: 11,013.14
85418 3006 AIRGAS NCN 04/12/2024
55055746982 Oxygen 3/31 919.01
5507182650 Oxygen 3/31 1,086.28
9146481445 Oxygen 1/31 255.52
9148359039 Oxygen 3/28 298.16
9148640724 Oxygen 4/5 214.22
Total for Check Number 85418: 2,773.19
85419 3006 AIRGAS NCN 04/12/2024
1602073592 Oxygen 3/31 17.33
Total for Check Number 85419: 17.33
85420 3011 ALTA PUMP CO INC 04/12/2024
12204 INV#12204- Well#13 Video inspection- 4,626.25
Total for Check Number 85420: 4,626.25
85421 3029 AT&T CALNET 3 04/12/2024
21505618 Fresno County Line Ban# 9391065246 381.05
21511202 MN Phone Svc Charges 3/2/24-4/1/24 Fax long distance 36.74 21511204 MN Phone Svc Charges 3/2/24-4/1/24 Acct:559-897-6561 37.58 21511204 MN Phone Svc Charges 3/2/24-4/1/24 Acct:559-897-2265 40.62 21511204 MN Phone Svc Charges 3/2/24-4/1/24 Acct:559-897-8942 28.32 Total for Check Number 85421: 524.31
85422 3035 BAUER COMPRESSORS, INC. 04/12/2024
0000319337 8/14/23 Quote 6 Part #A-GIFS442MA2C2LAR configured system pressu 69,129.40 Total for Check Number 85422: 69,129.40
85423 4920 STEPHANIE BENNETT 04/12/2024
04/02/2024 Meals & Incidentals April 22-25, 2024 241.50 AP Checks by Date - Detail by Check Date (4/24/2024 3:02 PM) Page 2 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for Check Number 85423: 241.50
85424 4875 BOUND TREE MEDICAL LLC 04/12/2024
85284067 Medical Supplies 10.77
85289107 Medical Supplies 3/22/24 107.81
85297178 Medical Supplies 3/29.24 165.62
Total for Check Number 85424: 284.20
85425 3054 BSK ASSOCIATES 04/12/2024
AH06216 Well Treatment Bact 3/11/2024 114.00
AH06217 Well Treatment Bact 3/11/2024 171.00
AH06757 Well Treatment Bact 3/18/2024 114.00
AH06955 Well Treatment Bact-Special #13 3/20/2024 54.00 AH07300 Well Treatment Bact- 3/25/2024 114.00
AH07482 Well Treatment Bact- Special #13 3/26/2024 28.50 AH07589 Well Treatment TCP 3/18/2024 130.50
AH08022 Well Treatment Gross Alpha 3/20/2024 189.00
AH08083 Well Treatment EPA THM 3/20/2024 1,032.00
AH08098 Well Treatment BACT Special #13 4/3/2024 228.00 AH08385 Well Treatment TCP 3/26/2024 130.50
Total for Check Number 85425: 2,305.50
85426 4337 CAL FIRE 04/12/2024
FS-TRT0285 FSTEP Training- Trench Rescue Certificates 16x$75 1,200.00 Total for Check Number 85426: 1,200.00
85427 3056 CAL STATE TERMITE AND PEST 04/12/2024
0458993 Kings Estates-Tree Treatment 720.00
0458995 Athwal Playground 225.00
458391 Memorial Park/Downtown Pest Control 3/12/24 95.00 458391 Senior Center Pest Control 3/12/24 35.00
458391 Fire Pest Control 3/12/24 35.00
458391 City Building Pest Control 3/12/24 168.50
458391 Pool Pest Control 3/12/24 71.50
458391 Ambulance Pest Control 3/12/24 35.00
458391 Police Pest Control 3/12/24 35.00
458994 INV#458994 Tree Treatment - Bethel/ RJ Sierra 2,172.00 Total for Check Number 85427: 3,592.00
85428 4952 CAL-OSHA PENALTIES 04/12/2024
May 1, 2024 City of Kingsburg Citation/Resolution Inspection #1647073 1,350.00 Total for Check Number 85428: 1,350.00
85429 3831 ADAM CASTANEDA 04/12/2024
April 2024 Monthly Cell Phone Allowance April 2024 75.00 Total for Check Number 85429: 75.00
85430 4861 CCLS, INC 04/12/2024
21293 Landscape Monarch 3/24/24 460.00
Total for Check Number 85430: 460.00
85431 3918 CINTAS 04/12/2024
March 2024 Uniforms-MN Public Works 3/1/2024-3/31/2024 134.84 March 2024 Uniforms-MN Public Works 3/1/2024-3/31/2024 664.57 AP Checks by Date - Detail by Check Date (4/24/2024 3:02 PM) Page 3 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
March 2024 Uniforms-MN Public Works 3/1/2024-3/31/2024 481.86 March 2024 Uniforms-MN Public Works 3/1/2024-3/31/2024 98.96 March 2024 Uniforms-MN Public Works 3/1/2024-3/31/2024 137.49 Total for Check Number 85431: 1,517.72
85432 3822 ALMA COLADO 04/12/2024
April 2024 Reimb for monthly cell phone usage April 2024 75.00 Total for Check Number 85432: 75.00
85433 4978 EDWARD COLEGIO 04/12/2024
04/09/2024 Reissue stale dated CK #01267 & #021276 390.21 Total for Check Number 85433: 390.21
85434 3119 COOK'S COMMUNICATIONS CORP. 04/12/2024
156858 Vehicle radio repair- Ramirez 115.67
Total for Check Number 85434: 115.67
85435 3147 DIVISION OF STATE ARCHITECT 04/12/2024
04/04/2024 Quarterly ADA Fees 1/2024-3/2024 202.40
Total for Check Number 85435: 202.40
85436 3149 DOOLEY ENTERPRISES, INC. 04/12/2024
67547 223 55gr. Full Metal Ja 5,388.80
Total for Check Number 85436: 5,388.80
85437 3750 EAGLE ENGRAVING, INC. 04/12/2024
2024-2986 Name tag - Gonzales,Salinas & Binaski 100.39
Total for Check Number 85437: 100.39
85438 4229 EBA&M CORPORATION 04/12/2024
April 2024 Monthly Premium for medical cards 4/1-4/30/24 286.80 April 2024 Monthly Premium for medical cards 4/1-4/30/24 186.80 April 2024 Monthly Premium for medical cards 4/1-4/30/24 30.00 April 2024 Monthly Premium for medical cards 4/1-4/30/24 109.60 April 2024 Monthly Premium for medical cards 4/1-4/30/24 520.00 April 2024 Monthly Premium for medical cards 4/1-4/30/24 13.60 April 2024 Monthly Premium for medical cards 4/1-4/30/24 40.00 April 2024 Monthly Premium for medical cards 4/1-4/30/24 40.00 April 2024 Monthly Premium for medical cards 4/1-4/30/24 51.20 April 2024 Monthly Premium for medical cards 4/1-4/30/24 60.00 April 2024 Monthly Premium for medical cards 4/1-4/30/24 30.00 April 2024 Monthly Premium for medical cards 4/1-4/30/24 92.00 April 2024 Monthly Premium for medical cards 4/1-4/30/24 100.00 April 2024 Monthly Premium for medical cards 4/1-4/30/24 10.00 April 2024 Monthly Premium for medical cards 4/1-4/30/24 68.00 April 2024 Monthly Premium for medical cards 4/1-4/30/24 336.40 April 2024 Monthly Premium for medical cards 4/1-4/30/24 40.00 April 2024 Monthly Premium for medical cards 4/1-4/30/24 292.40 April 2024 Monthly Premium for medical cards 4/1-4/30/24 123.20 Total for Check Number 85438: 2,430.00
85439 4615 EMERALD TEXTILES SERVICES 04/12/2024
EFRE-00134106 linen svs 2/1-2/29 985.05
EFRE-00139375 linen svs 3/17-3/23 282.70
AP Checks by Date - Detail by Check Date (4/24/2024 3:02 PM) Page 4 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
EFRE-00141072 linen svs 3/24-3/31 274.47
Total for Check Number 85439: 1,542.22
85440 4975 TAYPHRAANUSONE ANTHONY FENTHONG 04/12/2024
reimbursement Lunch /SCBA Seminar 3/12 19.05
reimbursement Lunch /SCBA Seminar 3/13 19.07
Total for Check Number 85440: 38.12
85441 3188 FRESNO COUNTY SHERIFF 04/12/2024
SO21506 RMS/JMS Access Fees (April) 145.90
SO21506 Dispatch Contract Credit for March Overpayment -634.97 SO21506 Dispatch Contract Services (April) 17,039.43
Total for Check Number 85441: 16,550.36
85442 3197 FRESNO POLICE DEPARTMENT 04/12/2024
7910 Red Dot Class March 2-3 566.00
Total for Check Number 85442: 566.00
85443 3721 DEREK GAGNON 04/12/2024
04092024 Per Diem- Training Gun Violence Restraining Order 4/17/24 17.00 Total for Check Number 85443: 17.00
85444 3206 GLACIER REFRIGERATION AND AIR 04/12/2024
54036 Ice Machine Sanitizer , Water Filter/ service 1,389.11 54041 Fix broken door,service ice machine 2,680.53
Total for Check Number 85444: 4,069.64
85445 3211 GRAINGER 04/12/2024
9061547197 Fire Station cooler pulley 133.72
Total for Check Number 85445: 133.72
85446 4472 MIGUEL GUZMAN 04/12/2024
04092024 Per Diem- Gun Violence Restraining Order 17.00 Total for Check Number 85446: 17.00
85447 3219 HEALTHWISE SERVICES 04/12/2024
178047 Kiosk Lease Fee-Pharm Site Charges 000493002 Manifest #1418238 173.75 Total for Check Number 85447: 173.75
85448 3222 HENRY SCHEIN, INC. 04/12/2024
22871109 Medical Supplies 3/20/24 CREDIT MEMO -280.61
22874962 Medical Supplies 3/21/24 CREDIT MEMO -168.36
22877168 Medical Supplies 3/22/24 CREDIT MEMO -164.77
77879055 Medical Supplies 3/22/24 171.61
78812559 400.44
79155702 Medical Supplies 3/22/24 228.17
79156982 Medical Supplies 3/22/24 109.04
79213572 Medical Supplies 3/22/24 9.19
79294867 Medical Supplies 3/25/24 30.76
Total for Check Number 85448: 335.47
85449 4497 ROLINDA HERNANDEZ 04/12/2024
AP Checks by Date - Detail by Check Date (4/24/2024 3:02 PM) Page 5 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Per Diem AFSS Annual Conf - 4/10-4/13 207.50
Per Diem LISTOS CA, 4/23-4/26 Sacramento 241.50
Total for Check Number 85449: 449.00
85450 3225 HOME DEPOT CREDIT SERVICES 04/12/2024
03/21/2024 PW Supplies 24.96
03/21/2024 PW Supplies -186.33
03/21/2024 PW Supplies 175.46
03/21/2024 PW Supplies 31.02
Total for Check Number 85450: 45.11
85451 3999 IRON MOUNTAIN 04/12/2024
JHYG937 Shred Services 2/21/24-3/26/24 101.25
Total for Check Number 85451: 101.25
85452 3242 JOE SAUBERT INC. 04/12/2024
52325 Senior Center New Sink 369.56
Total for Check Number 85452: 369.56
85453 3329 JOLENE POLYACK MARKETING 04/12/2024
3263 Econ Development April 2024 3,300.00
Total for Check Number 85453: 3,300.00
85454 3245 J'S COMMUNICATIONS, INC. 04/12/2024
68260 Service Agreement #2013-0901 4/1/24 - 6/30/24 270.00 Total for Check Number 85454: 270.00
85455 3248 KAHN, SOARES & CONWAY, LLP 04/12/2024
13635 Prof Services March 2024 525.00
13635 Prof Services March 2024 6,375.00
13635 Prof Services March 2024 600.00
Total for Check Number 85455: 7,500.00
85456 3249 KAISER FOUNDATION HEALTH PLAN INC04/12/2024
April 2024 Med Ins. April 2024 6,512.84
Total for Check Number 85456: 6,512.84
85457 3253 KINGSBURG CHAMBER OF COMMERCE04/12/2024
April 2024 Monthly Budget Allowance April 2024 2,500.00 Total for Check Number 85457: 2,500.00
85458 3254 KINGSBURG CHEVRON 04/12/2024
9263 March 2024 SRO E Car Washes 10.00
9263 March 2024 SRO HS Car Washes 5.00
9263 March 2024 GF Car Washes 85.00
9263 March 2024 ME Car Washes 80.00
9263 March 2024 ACT Car Washes 10.00
Total for Check Number 85458: 190.00
85459 3625 KINGSBURG MEDIA FOUNDATION 04/12/2024
11508,11507,386 Phone & Internet April 2024 45.05
11508,11507,386 Phone & Internet April 2024 242.33
AP Checks by Date - Detail by Check Date (4/24/2024 3:02 PM) Page 6 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
11508,11507,386 Phone & Internet April 2024 525.00
11508,11507,386 Phone & Internet April 2024 150.00
11508,11507,386 Phone & Internet April 2024 45.05
11508,11507,386 Phone & Internet April 2024 90.10
11508,11507,386 Phone & Internet April 2024 492.32
11508,11507,386 Phone & Internet April 2024 200.00
11508,11507,386 Phone & Internet April 2024 45.05
11508,11507,386 Phone & Internet April 2024 200.00
11508,11507,386 Phone & Internet April 2024 75.00
11508,11507,386 Phone & Internet April 2024 45.05
11508,11507,386 Phone & Internet April 2024 45.05
11508,11507,386 Phone & Internet April 2024 350.00
CWM11512 E-mail Services April 2024 199.00
CWM11512 E-mail Services April 2024 598.25
CWM11512 E-mail Services April 2024 161.00
CWM11512 E-mail Services April 2024 89.00
CWM11512 E-mail Services April 2024 92.00
CWM11512 E-mail Services April 2024 10.00
CWM11512 E-mail Services April 2024 199.00
CWM11512 E-mail Services April 2024 92.00
CWM11614 Battery Back Up Well #13 757.32
Total for Check Number 85459: 4,747.57
85460 3267 KULOW BROS. 04/12/2024
8818 Utility Billing 8 1/2 X 11" Window Envelope 3,621.74 8818 Utility Billing 8 1/2 X 11" Window Envelope 3,621.74 Total for Check Number 85460: 7,243.48
85461 3288 MCCLASKEY, INC. 04/12/2024
0416 Sidewalk Repair 1330& 1348 Marion 3,250.00
0417 Sidewalk Repair 1437 & 1431 Washington 4,350.00
0418 Sidewalk Repair 1615 Lewis & 2325 20th 1,450.00
Total for Check Number 85461: 9,050.00
85462 3518 METRO UNIFORM 04/12/2024
277465 replacement boots - J Loyd 300.00
278085 uniform shirts- Ro 188.79
Total for Check Number 85462: 488.79
85463 3293 MID VALLEY DISPOSAL 04/12/2024
March 2024 March 2024 Comm-less FF's ($8,776.78) 49,735.10 March 2024 Franchise Fees March 2024 -11,951.90
March 2024 March 2024 Multi 2-4, Multi 5 less ($3,175.12) 17,992.31 March 2024 March 2024 Residential 102,596.06
March 2024 Franchise Fees March 2024 11,951.90
Total for Check Number 85463: 170,323.47
85464 3997 MID VALLEY DISPOSAL RECYCLING & TRANSFER STATION 04/12/2024 2919970 Fire Roll Off 3/20/24 439.00
Total for Check Number 85464: 439.00
85465 3466 NAPA AUTO PARTS 04/12/2024
665019 PW Edger Blades 98.02
665056 PW Oil 7.62
AP Checks by Date - Detail by Check Date (4/24/2024 3:02 PM) Page 7 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for Check Number 85465: 105.64
85466 3307 NELSON'S ACE HARDWARE-SELMA 04/12/2024
147602 4 sets of saftey goggles 10.89
Total for Check Number 85466: 10.89
85467 4876 OAT & OAK LLC 04/12/2024
04/08/2024 Gift Cards for Cal.Euphoria 511.90
Feb 2024 BID Social Manager 999.00
March 2024 BID Social Manager 999.00
Total for Check Number 85467: 2,509.90
85468 3312 O'REILLY AUTO PARTS 04/12/2024
4445-456089 Filter-Car Wash Supplies 110.33
445-457461 Oil 5/20/24 13.06
Total for Check Number 85468: 123.39
85469 3611 HOLLY OWEN 04/12/2024
April 2024 Cell Phone Monthly Allowance 75.00
Total for Check Number 85469: 75.00
85470 3315 P G & E 04/12/2024
03/28/2024 Electricity 02/28/24-3/27/24 #9285082237-7 123.08 04/01/2024 Electricity 3/1/24-3/31/24 #1628344672-8 916.76 3/29/2024 Electricity 2/19/24-3/28/24 #737161282-7 565.53 3/29/2024 Electricity 2/19/24-3/28/24 #737161282-7 565.54 Total for Check Number 85470: 2,170.91
85471 4885 PACIFIC SHREDDING 04/12/2024
5203451 City Hall paper shredding services March 2024 25.20 5203451 City Hall paper shredding services March 2024 25.20 Total for Check Number 85471: 50.40
85472 3450 ABIGAIL PALSGAARD 04/12/2024
April 2024 Monthly Cell Phone Allowance April 2024 75.00 Total for Check Number 85472: 75.00
85473 4895 ERNIE PEREZ 04/12/2024
04/03/2024 Kingsburg Economic Development Incentive Roadhouse 99 12,027.62 Total for Check Number 85473: 12,027.62
85474 3938 PROFESSIONAL ACCOUNT MANAGEMENT, LLC 04/12/2024 1013635 Svs provided for February 9.83
Total for Check Number 85474: 9.83
85475 3334 PROFESSIONAL PRINT & MAIL, INC 04/12/2024
120418 Statements-Delinquent notices March 2024 107.49
120418 Statements-Delinquent notices March 2024 107.50
Total for Check Number 85475: 214.99
85476 3337 PROVOST & PRITCHARD 04/12/2024
108108 Matoian Annexation 1,145.62
AP Checks by Date - Detail by Check Date (4/24/2024 3:02 PM) Page 8 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for Check Number 85476: 1,145.62
85477 3654 R. J. BERRY, JR.,INC 04/12/2024
Pymt #3 18th Ave: Stroud to Klepper 10/23/23-12/29/23 4,497.74 Pymt #3 18th Ave: Sierra to Stroud 10/23/23-12/29/23 31,557.88 Pymt #3 18th Ave: Sierra to Stroud 10/23/23-12/29/23 Retention -1,577.90 Pymt #3 18th Ave: Stroud to Klepper 10/23/23-12/29/23 Retention -224.89 Total for Check Number 85477: 34,252.83
85478 3654 R. J. BERRY, JR.,INC 04/12/2024
Pymt #1 Retention-SR #201 RRFB Improvements 2/22/24-4/3/24 -10,996.90 Pymt #1 SR #201 RRFB Improvements 2/22/24-4/3/24 219,938.00 Total for Check Number 85478: 208,941.10
85479 4629 CHEYANNE RECORD 04/12/2024
04/03/2024 Kingsburg Economic Development Incentive CheyAnne's Steakhouse 9,911.88 Total for Check Number 85479: 9,911.88
85480 4856 SAMMARBIR & SATWINDER VIRK 04/12/2024
04/03/2024 Kingsburg Economic Development Incentive 295.96 Total for Check Number 85480: 295.96
85481 3961 SHARP AMBULANCE BILLING 04/12/2024
52889 Ambulance Billing Service March 2024 5,221.86
Total for Check Number 85481: 5,221.86
85482 3369 SILVAS OIL COMPANY, INC. 04/12/2024
190911CT PW & CH gas card chrgs 3/16/24-3/31/24 465.57
190911CT PW & CH gas card chrgs 3/16/24-3/31/24 65.48
190911CT PW & CH gas card chrgs 3/16/24-3/31/24 148.68
190911CT PW & CH gas card chrgs 3/16/24-3/31/24 87.80
190911CT PW & CH gas card chrgs 3/16/24-3/31/24 159.55
190911CT PW & CH gas card chrgs 3/16/24-3/31/24 87.80
190911CT PW & CH gas card chrgs 3/16/24-3/31/24 77.90
190911CT PW & CH gas card chrgs 3/16/24-3/31/24 157.78
190913CT Fuel - Ambulance 713.98
190913CT Fuel - Fire 713.98
190913CT Fuel - Measure E 713.98
Total for Check Number 85482: 3,392.50
85483 4262 SILVERFOX ELECTRIC, INC. 04/12/2024
3086 Remove old and install new speakers in FD Station 1 777.70 Total for Check Number 85483: 777.70
85484 4887 SOCIAL VOCATIONAL SERVICES INC. 04/12/2024
46C2403-IN Landscape Services 928.57
46C2403-IN Landscape Services-Hash 929.03
Total for Check Number 85484: 1,857.60
85485 4142 SPARKLETTS 04/12/2024
19724793033124 Water Delivery and rental Stn 1/ Stn 2 rental of unit 72.46 Total for Check Number 85485: 72.46
AP Checks by Date - Detail by Check Date (4/24/2024 3:02 PM) Page 9 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
85486 3378 STAPLES ADVANTAGE 04/12/2024
6000941612 City Hall Office Supplies 96.97
6000941613 PW Janitorial Supplies 691.16
6000941614 Office Supplies Stn 1- 3/31/24 131.08
6000941615 Janitorial Supplies 244.89
6000941616 Janitorial Supplies 234.27
6000941617 Office Supplies 284.00
Total for Check Number 85486: 1,682.37
85487 4827 SWEEPING CORP OF AMERICA LLC 04/12/2024
2024-001263 Subdivision 16th and Kern March 2024 650.00 2024-001263 Subdivision Kamm & S. Academy March 2024 325.00 2024-001263 Streets, Medians, and Subdivisions March 2024 3,000.00 2024-001263 Air Sweep for the month of March 2024 14,950.00 2024-001263 Kings Crossing March 2024 250.00
Total for Check Number 85487: 19,175.00
85488 3397 THE GAS COMPANY 04/12/2024
04/09/2024 Gas Service for city dates: 03/07/24-04/05/24 45.86 04/09/2024 Gas Service for city dates: 03/07/24-04/05/24 3,429.86 04/09/2024 Gas Service for city dates: 03/07/24-04/05/24 124.34 04/09/2024 Gas Service for city dates: 03/07/24-04/05/24 70.17 04/09/2024 Gas Service for city dates: 03/07/24-04/05/24 124.34 04/09/2024 Gas Service for city dates: 03/07/24-04/05/24 56.01 04/09/2024 Gas Service for city dates: 03/07/24-04/05/24 76.94 04/09/2024 Gas Service for city dates: 03/07/24-04/05/24 39.09 04/09/2024 Gas Service for city dates: 03/07/24-04/05/24 465.09 Total for Check Number 85488: 4,431.70
85489 4788 TOWNSEND PUBLIC AFFAIRS INC. 04/12/2024
21449 Consulting services for the month of April 2024 6,500.00 Total for Check Number 85489: 6,500.00
85490 3416 VERIZONWIRELESS 04/12/2024
9959238085 Wireless bill for fire/ambulance Feb 16- Mar 15 1,072.27 Total for Check Number 85490: 1,072.27
85491 3419 VIKING CLEANING SERVICE 04/12/2024
4-1-2024 Pool Restroom/Office Deep Clean 3/28/24 625.00 April 2024 Janitorial Services-April 2024 3,641.40
Total for Check Number 85491: 4,266.40
85492 3469 WECO SUPPLY CO., INC. 04/12/2024
972682 PW Cy Rental 4/1/24 33.48
Total for Check Number 85492: 33.48
85493 3448 CHRISTINA WINDOVER 04/12/2024
April 2024 Monthly Cell Phone Allowance April 2024 75.00 Total for Check Number 85493: 75.00
85494 3430 BETTY WONG, 04/12/2024
April 2024 Wong Bldg Leases April 2024 2,600.00
AP Checks by Date - Detail by Check Date (4/24/2024 3:02 PM) Page 10 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for Check Number 85494: 2,600.00
Total for 4/12/2024: 667,864.66
85495 4682 OLD REPUBLIC TITLE CO. 04/18/2024
1414001992-KM Upper Floor Loan Grant- Stone Plaza 1300 Draper Street 100,000.00 1414001992-KM Forgivable Loan- Stone Plaza 1300 Draper Street 250,000.00 Total for Check Number 85495: 350,000.00
Total for 4/18/2024: 350,000.00
ACH 3231 ICMA RETIREMENT CORP - WIRE 457 04/19/2024
PR Batch 00003.04.2024 457 Mission Square PR Batch 00003.04.2024 457 Mission Square 2,504.94 Total for this ACH Check for Vendor 3231: 2,504.94
ACH 3470 Internal Revenue Service - ACH 04/19/2024
PR Batch 00003.04.2024 FICA Employer Portion PR Batch 00003.04.2024 FICA Employer Portion 18,352.80 PR Batch 00003.04.2024 FICA Employee Portion PR Batch 00003.04.2024 FICA Employee Portion 18,352.80 PR Batch 00003.04.2024 Federal Income Tax PR Batch 00003.04.2024 Federal Income Tax 27,489.89 PR Batch 00003.04.2024 Medicare Employee Portion PR Batch 00003.04.2024 Medicare Employee Portion 4,292.16 PR Batch 00003.04.2024 Medicare Employer Portion PR Batch 00003.04.2024 Medicare Employer Portion 4,292.16 Total for this ACH Check for Vendor 3470: 72,779.81
ACH 3471 Employment Development Department - ACH04/19/2024 PR Batch 00003.04.2024 State Income Tax PR Batch 00003.04.2024 State Income Tax 11,259.98 PR Batch 00003.04.2024 CA SDI PR Batch 00003.04.2024 CA SDI 2,918.25 Total for this ACH Check for Vendor 3471: 14,178.23
ACH 3472 CalPERS - ACH 04/19/2024
PR Batch 00003.04.2024 PERS Misc. PEPRA PR Batch 00003.04.2024 PERS Misc. PEPRA 4,913.60 PR Batch 00003.04.2024 PERS Misc. Classic ER PR Batch 00003.04.2024 PERS Misc. Classic ER 4,430.64 PR Batch 00003.04.2024 PERS Reported FLSA PR Batch 00003.04.2024 PERS Reported FLSA 699.20 PR Batch 00003.04.2024 PERS Safety Police ER PR Batch 00003.04.2024 PERS Safety Police ER 3,525.81 PR Batch 00003.04.2024 PERS Safety Fire PEPRA ER PR Batch 00003.04.2024 PERS Safety Fire PEPRA ER 5,072.77 PR Batch 00003.04.2024 PERS Safety Police PEPRAPR Batch 00003.04.2024 PERS Safety Police PEPRA 8,552.71 PR Batch 00003.04.2024 PERS Safety Police PEPRPR Batch 00003.04.2024 PERS Safety Police PEPR A ER A ER 8,008.08 PR Batch 00003.04.2024 PERS Safety Fire ER PR Batch 00003.04.2024 PERS Safety Fire ER 3,068.10 PR Batch 00003.04.2024 PERS Safety Fire PEPRAPR Batch 00003.04.2024 PERS Safety Fire PEPRA 4,731.02 PR Batch 00003.04.2024 PERS Misc. PEPRA ER PR Batch 00003.04.2024 PERS Misc. PEPRA ER 4,869.22 PR Batch 00003.04.2024 PERS Safety Fire -ClassicPR Batch 00003.04.2024 PERS Safety Fire -Classic 1,187.35 PR Batch 00003.04.2024 PERS Misc. Classic PR Batch 00003.04.2024 PERS Misc. Classic 2,568.87 PR Batch 00003.04.2024 PERS Safety Police PR Batch 00003.04.2024 PERS Safety Police 1,367.78 Total for this ACH Check for Vendor 3472: 52,995.15
ACH 3475 Empower 04/19/2024
PR Batch 00003.04.2024 457 Percent-Empower PR Batch 00003.04.2024 457 Percent-Empower 64.37 PR Batch 00003.04.2024 457 Plan-Empower PR Batch 00003.04.2024 457 Plan-Empower 3,463.07 Total for this ACH Check for Vendor 3475: 3,527.44
ACH 3526 Public Employees Retirement System 457 Plan-Deferred Comp - ACH 04/19/2024 PR Batch 00003.04.2024 CalPERS 457 Percent PR Batch 00003.04.2024 CalPERS 457 Percent 336.88 PR Batch 00003.04.2024 CalPERS 457 Plan PR Batch 00003.04.2024 CalPERS 457 Plan 50.00 AP Checks by Date - Detail by Check Date (4/24/2024 3:02 PM) Page 11 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for this ACH Check for Vendor 3526: 386.88
ACH 4707 ICMA-WIRE 401(A) 04/19/2024
PR Batch 00003.04.2024 Def Comp 401(a) ICMAPR Batch 00003.04.2024 Def Comp 401(a) ICMA 250.00 Total for this ACH Check for Vendor 4707: 250.00
85496 3660 KPFA 04/19/2024
PR Batch 00003.04.2024 Professional Firefighters Asc. PR Batch 00003.04.2024 Professional Firefighters Asc. 680.00 Total for Check Number 85496: 680.00
85497 3525 Kingsburg Police KPOA 04/19/2024
PR Batch 00003.04.2024 KPOA Union Dues PR Batch 00003.04.2024 KPOA Union Dues 1,110.00 Total for Check Number 85497: 1,110.00
Total for 4/19/2024: 148,412.45
Report Total (90 checks): 1,166,762.85
AP Checks by Date - Detail by Check Date (4/24/2024 3:02 PM) Page 12

CITY COUNCIL MEETING STAFF REPORT
REPORT TO: Mayor Pursell, Jr. & City Council
REPORT FROM: John Binaski, Fire Chief REVIEWED BY: AJH
AGENDA ITEM: Authorize a sole-source purchase order to contract with M.E.D. Enterprises, Inc. to facilitate the Fire Department’s strategic planning process.

ACTION REQUESTED: ___Ordinance ___Resolution ____Motion ____Receive/File

EXECUTIVE SUMMARY
In FY 23/24, the City Council authorized the first installment of $30,000 to be used to hire a consultant to complete a Standard of Cover/Risk Analysis of the Fire Department. This type of document is the foundation to review any fire department’s performance, staffing, risks, and responses. As a foundation for this process, it is important for the department to have input from both internal and external stakeholders. This is accomplished by performing a strategic plan for the department through facilitated workshops. The Fire Department is requesting authorization to enter into a contract with M.E.D. for an amount not to exceed $4,800 to coordinate the required workshops and complete the written strategic plan. There is adequate funding in the current capital outlay budget.

RECOMMENDED ACTION BY CITY COUNCIL

1. City Council authorize a sole-source purchase order to contract with M.E.D. Enterprises, Inc. to facilitate the Fire Department’s strategic planning process.

POLICY ALTERNATIVE(S)

1. To fund the additional $30,000 in FY 24/25 for a total of $60,000 and competitively bid for consultants to complete a Standard of Cover/Risk Assessment.

STRATEGIC GOAL(S) MET:

1. Community Safety

FINANCIAL INFORMATION

BACKGROUND INFORMATION
In FY 23/24, the City Council authorized the first installment of $30,000 to be used to hire a consultant to complete a Standard of Cover/Risk Analysis of the Fire Department. As a foundation for this process, it is important for the department to have input from both internal and external stakeholders. This is accomplished by facilitated workshops.

By approving this sole-source purchase this will save the city the required second installment of $30,000 in FY 24/25 Meeting Date: 05/01/2024
Agenda Item: 5.3
FISCAL IMPACT:

1. Is There A Fiscal Impact? Yes

2. Is it Currently Budgeted? Yes

3. If Budgeted, Which Line? 106-6200-549-5714

Page 2 of 2 ends

which would be required to contract with an outside consultant to complete the entire project. The Fire Department is requesting authorization to enter into a contract with M.E.D. for an amount to not exceed $4,800. There is adequate funding in the current budget.

ATTACHED INFORMATION

1. M.E.D. proposal in the amount $4,800 to facilitate the fire department’s strategic planning process. 1 FACILITATED STRATEGIC PLANNING

CONTRACT PROPOSAL
For the Kingsburg Fire Department

OVERVIEW
Micheal Despain, on behalf of M.E.D. Enterprises Inc.(M.E.D.), is pleased to provide the Kingsburg Fire Department (KFD) this proposal for providing a facilitated strategic planning process. Within a defined scope of work, the consultant will facilitate a strategic planning process resulting in a 5-year plan that can be used for tracking and informing stakeholders on organizational progress. This proposal offers a cost “not to exceed” amount as well as a “hourly rate/pay as you go” system to ensure KFD can maintain cost control throughout the project.

PROPOSAL
Methodology depends greatly on the needs of the client. For some agencies, they may not have the resources or capacity to conduct a strategic planning process yet need a finished product quickly and plan on contracting out such services again and again in the future. M.E.D. can certainly provide this level of service quickly and efficiently at intervals that best meet the client’s timelines. For other agencies, they have the resources and capacity but are not experienced in strategic planning. These agencies might be more interested in a process they are able to replicate it internally during future planning cycles.

M.E.D. can certainly deliver this level of service, including providing templates for efficient replication.

With M.E.D, it is our experience that the most successful strategic planning processes typically include a high level of involvement from a cross-section of stakeholders.

External stakeholders usually include members of the community at-large such as representatives from the chamber of commerce, service groups, education, insurance, homeowner associations, etc. Internal stakeholders include key leaders, both formal and informal, from within the organization, such as the fire chief, command staff, line personnel, labor group leadership, and administrative support staff. While their participation is not required at each and every step, their buy-in along the way provides the highest chances of a successful project for all stakeholders in the end and will provide the most value for years after the plan development.
2 With the agency’s support, the final product will be designed to meet the needs of the client in the following ways:
• The strategic plan should be accepted and supported from a broad base of stakeholders, most importantly the community, the employees, and elected officials, due to the process methodology.
• The strategic plan can be specially designed to meet the requirements for accreditation through the Commission on Fire Accreditation International (CFAI) if the agency desires.
• The agency will have a group of community advocates that can be of assistance for future outreach/feedback needs after the conclusion of the process (value months and years beyond the project conclusion).

We have experience providing similar services to many fire agencies since 2007 and can provide additional references if needed.

Cape Coral Fire Department (FL), Clovis Fire Department (CA), El Dorado Hills Fire Department (CA), Fort Myers Fire Department (FL), Lincoln Fire & Rescue (NE), Mountain View Fire & Rescue (CO), North Port Fire Department (FL), Prince George’s County Fire Department (MD), Redmond Fire Department (WA), Ripon Consolidated Fire District (CA), Rocklin Fire Department (CA), Rodeo-Hercules Fire District (CA), Santa Clara County Fire Protection District (CA), St. George Fire Department (LA), Vista Fire District (CA), Woodland Fire Department (CA).

Resources and Obligations of Client
As proposed, we would request that the staff assist with the following items:
• Identifying and scheduling internal and external stakeholders (numbers TBD) o We understand this might be completed in more of an “open house” type event.
• Coordination of “ride along”, facility tours and/or “hands on” orientation events for external stakeholders (if desired).
• Provide meeting facilities for internal and external stakeholder groups (if inperson meetings are desired). o Consider hosting lunch/dinner/light refreshments for up to (3) internal and external stakeholder meetings depending on the preferred meeting times and duration (TBD).
o Provide supplies such as easels, markers, and name tags. o Provide audio/visual capability to present using PowerPoint. o Provide copies of handouts for participants
• Review and provide feedback of draft work products.
3 • Provide final approval of strategic plan.

External Stakeholder Workshop
Facilitated external stakeholder workshops are designed to provide a brief overview of the agency’s services and have the participants provide prioritized feedback on the current services delivered by the agency as well as desired services moving forward. In addition, open-ended questions will be provided for participants to provided candid feedback for the agency on strengths and challenges. As desired, the intended audiences will be defined in collaboration with the agency’s leadership.

Within the scope and pricing of this proposal, M.E.D. will work with the Client to determine the greatest value on stakeholder input methods. For example, representative form of governance structure, online surveys, community meetings, or specific public representation in the planning meetings. Each agency and community are unique so the M.E.D. team will review all the options available with the client prior to implementation.

This step is usually completed within a single meeting lasting approximately 3 hours and is a combination of external and internal stakeholders.

Internal Stakeholder Workshop
The facilitated internal stakeholder planning process is designed to guide the participants through the development or refinement of the mission, vision, and values statements, a SWOT/SWOC analysis, and the development of goals, objectives, tasks, and implementation timelines based on the outcomes identified at the conclusion of the external stakeholder workshop.

This step requires at least two (2) meetings, usually a half day each, and should include the same internal stakeholders that were present at the previously held external stakeholder workshop.

TIMELINE
This table represents a typical process timeline. Months 4 and 5 are very agency specific so this portion of the timeline can be significantly shortened but is controlled by the agency.
4 Month 1 Month 2 Month 3 Month 4 Month 5
Kick-Off Meeting, Refine Work Plan and Scope Virtual
External Stakeholder Workshop - Invitations Virtual
Internal Stakeholder Workshop - Invitations Virtual
External Stakeholder Workshop 1 day
Internal Stakeholder Workshops 2 days min
Development of Draft Strategic Plan Report 30 to 45
days
Review of Draft Strategic Plan Report
Time Is
Agency
Specific
Development and Delivery of Final Plan
2 weeks
after
Agency
approval
Formal Presentation If desired
Proposed On-site or Virtual Virtual In-Person Virtual Virtual Either COST
M.E.D. Inc. Services Cost
Total $4,800
5 QUALIFICATIONS
Micheal Despain, on behalf of M.E.D. Enterprises is uniquely qualified to provide the services outlined in this proposal and would be the sole provider. Here is a summary of qualifications:
• Over 39 years of Fire/E.M.S. experience
• Over 19 years as a chief fire officer
• Over 14 years as a peer assessor for the Center for Public Safety Excellence • Providing full-time fire chief or interim fire chief services since 2011 • Authored or co-authored several publications on fire/E.M.S. deployment, organizational assessment, organizational efficiency, risk assessment, risk reduction, data, marketing, and culture.
• Accomplished speaker/presenter on fire service topics (League of California Cities, Fire Rescue International, IAFC Divisional conferences, Congressional Fire Services Institute, Fire Service Executive Development Institute, CPSE Excellence Conference, King County Fire Chiefs Association, etc.)
• Fluent in the provision of fire/E.M.S. services in the State of California • Please see attached resume’ for more details.

CONCLUSION
Our goal is to provide value above and beyond the cost of the proposal and the time committed to the agency. We take great pride in seeing agencies maintain their momentum towards excellence long after our contract is fulfilled. We are excited at the opportunity to work with the Kingsburg Fire Department if selected for this project.

I appreciate your consideration,
Micheal Despain
President/C.E.O.

M.E.D. Enterprises Inc.
7828 Stonewall Court.

Lincoln, NE 68506-4171
(559) 999-1503
CA SEIN ID:0046-1220608

CITY COUNCIL MEETING STAFF REPORT
REPORT TO: Mayor Pursell, Jr. & City Council
REPORT FROM: John Binaski, Fire Chief REVIEWED BY: AJH
AGENDA ITEM: Fire – Authorize a sole-source purchase order to contract with FireStats, LLC to perform GIS and Data analysis of Fire Department performance and hazards.

ACTION REQUESTED: ___Ordinance ___Resolution ____Motion ____Receive/File

EXECUTIVE SUMMARY
In FY 23/24, the City Council authorized the first installment of $30,000 to be used to hire an outside consultant to complete a Standard of Cover/Risk Analysis of the Fire Department. This type of document is the foundation to review any fire department’s performance, staffing, risks, and response history. The current fire chief has experience performing these types of studies and is willing to complete the analysis needed for this type of report while performing the regular duties of the fire chief. The Fire Department is requesting authorization to enter into a contract with Fire Stats for an amount to not exceed $22,400 ($19,200 for GIS/Data for SOC and $3,200 for continued analysis support and dashboard). There is adequate funding in the current capital outlay budget.

RECOMMENDED ACTION BY CITY COUNCIL

1. City Council to authorize a sole-source purchase order to contract with FireStats, LLC to perform GIS and data analysis for the Fire Department.

POLICY ALTERNATIVE(S)

1. To fund the additional $30,000 in FY 24/25 for a total of $60,000 and competitively bid for consultants to complete a Standard of Cover/Risk Assessment.

STRATEGIC GOAL(S) MET:

1. Community Safety

FINANCIAL INFORMATION

BACKGROUND INFORMATION
In FY 23/24, the city council authorized the first installment of $30,000 to be used to hire a consultant to complete a Standard of Cover/Risk Analysis of the Fire Department. This type of document is the foundation to review any fire department’s performance, staffing, risks, and responses. The current fire chief has experience performing these types of studies and is willing to complete the analysis needed for this type of report while performing the regular duties of the fire chief. In order to complete a Standard of Cover or Master Plan the department requires outside consultants to develop Geographic Information Systems (GIS) maps, road maps to show both 4- and 8-minute Meeting Date: 05/01/2024
Agenda Item: 5.4
FISCAL IMPACT:

1. Is There A Fiscal Impact? Yes

2. Is it Currently Budgeted? Yes

3. If Budgeted, Which Line? 106-6200-549-5714

Page 2 of 2 ends

response times, emergency calls by type, unit hour utilization, time on task, ambulance and fire response performance history. Fore over 25 years, FireStats, LLC has performed this type of work for many fire departments throughout the United States. By approving this sole-source purchase this will save the city the required second installment of $30,000 in FY 24/25 which would be required to contract with an outside consultant to complete the entire project. The Fire Department is requesting authorization to enter a contract with Fire Stats for an amount to not exceed $22,400 ($19,200 for GIS/Data for SOC and $3,200 for continued analysis support and dashboard). There is adequate funding in the current budget.

ATTACHED INFORMATION

1. Firestats, LLC proposal in the amount $19,200 to perform an analysis of the department’s performance and capabilities.

2. FireStats, LLC proposal in the amount of $3,200 for providing performance measurement related software and service.

Proposal to Provide Analysis Services to
The Kingsburg Fire Department
Fire Department Master Plan
By
FireStats, LLC.,
25 March 2024
Background and Project Description
The Kingsburg Fire Department (Department) desires to engage a consultant to perform an analysis of the Department’s performance and capabilities as manifested in and suggested by historic data pertaining to emergency responses in the city as well as perspective response capabilities based on geographic information systems-based assessments of risk and response.

FireStats, LLC., is in the business of working exclusively for fire departments on matters of performance measurement and analysis of data. Our area of expertise is principally in quantitative and geospatial analysis and fire department risk assessment.

The Project Scope
Risk Assessment
Using geospatial analysis tools along with fire department historic operations data and publicly available risk-related data, FireStats will produce an abbreviated risk assessment that takes into consideration department capabilities, population characteristics and natural and human-created risk variables.

Performance Measurement
Using fire department historic data, FireStats will produce a variety of statistical analyses that describe the Department’s probable capabilities. This will include utilization analysis that considers response times and resource concentration.

As part of this analysis FireStats will identify the salient elements of performance that explain effectiveness of staffing Station Two. FireStats will also look at the ambulance system from the perspective of revenue opportunities related to various staffing models for a second ambulance.

Editing and Graphics
FireStats employs a professional editor and graphic artist. In addition to having the editor and graphic artist prepare the Fire Master Plan, FireStats will provide editorial and layout and final production for the Kingsburg Fire Strategic Plan as part of the scope of work proposed herein.

FireStats, LLC. 2036 Nevada City Hwy., #84, Grass Valley, CA 95945 530.478.0657 Kingsburg Fire Master Plan
25 March 2024
Page two of three
Project Team
Paul Rottenberg
Paul is the principal consultant at FireStats LLC. He oversees all work associated with projects such as this, as well as all aspects of company administration and project management on the software and other services provided by FireStats, LLC. Paul will be integrally involved in every aspect of this project.

Elise Fisher
Elise is the lead GIS analyst for FireStats. She has been working with fire service data for over 20 years and, together with FireStats, has developed some unique approaches to analyzing probable performance of fire department resources. Elise works routinely with FireStats on station relocation projects as well as resource relocation projects throughout the country. She will be the principal analyst on this project.

Pablo Gomez
Pablo is FireStats’ Chief Technology Officer. Not only is he responsible for all aspects of collecting and managing data, our technology, storage, security, architecture and long-term planning related to technology, he participates in a material way in most major projects.

Pablo will be involved in as many aspects of this project as necessary. He is a consistent participant in the vast majority of all aspects of FireStats and frequently acts in place of Paul Rottenberg on matters that include interacting with clients and fulfilling contractual obligations.

Nancy Peterson
Nancy is a professional editor who is been working continuously in emergency services and healthcare related publishing for 35 years. Early in her career Nancy worked on the editorial staff of JEMS. In recent years she has provided editorial services to FireStats on projects that include fire department strategic plans, risk assessments, and miscellaneous specialized fire department analyses.

Alex Kiryutin
Alex is an accomplished graphic artist who works on most of the complex documents that FireStats publishes.

Terms
Net 30 days
Price:
$19,200
Kingsburg Fire Master Plan
25 March 2024
Page three of three
Disclaimer
The Department acknowledges that FireStats, LLC., makes its best professional efforts at understanding and interpreting the data available, that not all data may necessarily be available, that not all possible analyses are likely to be performed in the pursuit of understanding Department’s resource deployment and performance, and that alternative interpretations of the data and analyses may exist. The Department further acknowledges that any deployment decisions made by the Department with information provided through FireStats’ tools or consulting are made with multiple considerations and not solely with FireStats’ tools or consulting.

The Parties agree that all work product provided under this proposed scope of work and any addenda thereto is for the sole and exclusive purpose of the Department attempting to view its own data as provided to FireStats, LLC., and that the views and underlying data in no way represent a complete view of the Department’s performance, resource deployment, capabilities and risk nor does it in any way express any past, present or future estimation of risk to the community or to any individual. The information provided by FireStats, LLC., under this scope and any addenda thereto is provided for informational purposes only. It is not intended to nor shall it be used or relied upon solely to make decisions affecting structure protection, life safety, emergency services or any other fire, safety, medical or other asset allocation or deployment that may affect the health, safety and welfare of any person, business, entity or asset.

The Parties understand and agree that FireStats, LLC., disclaims any responsibility or liability associated with the Department’s decisions affecting structure protection, life safety, emergency services or any other fire, safety, medical or other asset allocation or deployment that may affect the health, safety and welfare of any person, business, entity or asset. The totality of the work product shall be deemed to have been derived from data created by the Department and other entities outside the control of FireStats, LLC., and provided to FireStats, LLC., by the Department and not verified by FireStats, LLC.,.

Proposal to Provide Analysis Services to
The Kingsburg Fire Department
Performance Dashboard and Period Reporting
By
FireStats, LLC.,
5 April 2024
Background and Project Description
FireStats, LLC. (FireStats,) is in the business of providing performance measurementrelated software as a service and consulting services to local government fire departments that are substantially similar to the Kingsburg Fire Department (Department.) FireStats is led by Paul Rottenberg, an experienced fire service consultant who is assisted by several people, including Chief Micheal Despain (ret.,) Ms. Elise Fisher, Mr. Pablo Gomez, and Ms. Maura Power, Ms. Nancy Peterson and Mr. Alex Kiryutin, all graduate degreed, highly experienced analysts, programmers, statisticians, managers and technical experts with many years of fire service experience.

The Department has asked FireStats, LLC., for a proposal that delineates the FireStats’ services and prices for a custom online dashboard and period reporting of summary statistics.

Dashboard
Using the Department’s historic data, FireStats will produce an online dashboard hosted by FireStats and containing a variety of statistical analyses that describe the Department’s probable capabilities. This will include utilization analysis, response times, travel, call processing, commitment, transports, incoming and outgoing aid as well as others as agreed to by the Department and FireStats. The dashboard will be updated monthly by FireStats with data provided by the Department.

Periodic Reporting
FireStats will produce a monthly or quarterly (the department’s discretion) PDF report with the content and layout desired by the Department.

Price:

Start-up: $3,200
Monthly: $350
The hourly rate for work performed subsequent to final implementation of all services shall be $125 and will only be charged when and if the Department requests changes to the dashboard or report or additional services. No charges shall be levied without prior written approval from the Department.

FireStats, LLC. 2036 Nevada City Hwy., #84, Grass Valley, CA 95945 530.478.0657 Kingsburg Application and Reporting
5 April 2024
page two of two
Disclaimer
The Department acknowledges that FireStats, LLC., makes its best professional efforts at understanding and interpreting the data available, that not all data may necessarily be available, that not all possible analyses are likely to be performed in the pursuit of understanding Department’s resource deployment and performance, and that alternative interpretations of the data and analyses may exist. The Department further acknowledges that any deployment decisions made by the Department with information provided through FireStats’ tools or consulting are made with multiple considerations and not solely with FireStats’ tools or consulting.

CITY COUNCIL MEETING STAFF REPORT
REPORT TO: Mayor Pursell, Jr. & City Council
REPORT FROM: AJ O’Connell, MCP, CBO, CCEA – Building Official REVIEWED BY:

AGENDA ITEM: May 2024 - Building and Safety Month Proclamation ACTION REQUESTED: ___Ordinance ___Resolution ____Motion ____Receive/File

EXECUTIVE SUMMARY
Building Safety Month is an international campaign that takes place every May to raise awareness about building safety. This campaign reinforces the need for the adoption of modern, regularly updated building codes, and helps individuals, families and businesses understand what it takes to create safe and sustainable structures.

The City of Kingsburg, the International Code Council and its members, and a diverse partnership of professionals from the building construction, design and safety communities come together with corporations, other government agencies, professional associations, and nonprofits to promote building safety through proclamations, informational events, legislative briefings and more. We come together to support Building Safety Month because we understand the need for safe and sustainable structures where we live, work and play.

All communities need building codes to protect their citizens from disasters like fires, weather-related events, and structural collapse. Building codes are society's best way of protecting homes, offices, schools, manufacturing facilities, stores, and entertainment venues. Code officials work day-in and day-out to keep the public safe.

The theme for the 44th annual Building Safety Month is “Mission Possible.” The educational and interactive campaign will raise awareness about the importance of building codes in ensuring safety in the spaces we live, work, play and learn. Each year, the Code Council, its members, and communities around the world celebrate building safety through proclamations, educational events and community gatherings.

Building Safety Month 2024 will explore how building safety impacts all of us on personal, local, and global levels.

The weekly themes for this year’s campaign are:
• Week One (May 1–5): “Understanding the Mission”
• Week Two (May 6—12): “Preparing a Building Safety Plan” • Week Three (May 13—19): “Learning From the Pros”
• Week Four (May 20—26): “Engaging Your Community”
• Week Five (May 27—31): “Celebrating Success in Building Safety”

RECOMMENDED ACTION BY CITY COUNCIL

1. Receive and File the May 2024 - Building and Safety Month Proclamation STRATEGIC GOAL(S) MET:

1. Improve Public Safety

2. Improve Community Communication
Meeting Date: 05/01/2024
Agenda Item: 5.5

Page 2 of 2 ends

FINANCIAL INFORMATION

PRIOR ACTION/REVIEW
The Mayor and City Council received and filed a proclamation for the 43rd annual Building Safety Month on May 3, 2023.

BACKGROUND INFORMATION
For the last 44 years, the Building Safety community has celebrated advances in constructing safe, sustainable, affordable and resilient buildings and homes. The ongoing support of Building Safety Month and the important role code officials play in public safety in the built environment has come from U.S. presidents, governors, mayors, county executives, other government officials and construction industry professionals.

ATTACHED INFORMATION

1. Proclamation

2. 2024 Building and Safety Month promotional flyer
FISCAL IMPACT:

1. Is There A Fiscal Impact? No

2. Is it Currently Budgeted? N/A

3. If Budgeted, Which Line? N/A

CITY OF KINGSBURG

PROCLAMATION
WHEREAS, the City of Kingsburg is committed to recognizing that our growth and strength depends on the safety and essential role our homes, buildings and infrastructure play, both in everyday life and when disasters strike, and;
WHEREAS, our confidence in the resilience of these buildings that make up our community is achieved through the devotion of vigilant guardians––building safety and fire prevention officials, architects, engineers, builders, tradespeople, design professionals, laborers, plumbers and others in the construction industry—who work year-round to ensure the safe construction of buildings, and; WHEREAS, these guardians are dedicated members of the International Code Council, a nonprofit that brings together local, state, territorial, tribal and federal officials who are experts in the built environment to create and implement the highest-quality codes to protect us in the buildings where we live, learn, work and play, and; WHEREAS, these modern building codes include safeguards to protect the public from hazards such as hurricanes, snowstorms, tornadoes, wildland fires, floods and earthquakes, and; WHEREAS, Building Safety Month is sponsored by the International Code Council to remind the public about the critical role of our communities’ largely unknown protectors of public safety—our local code officials— who assure us of safe, sustainable and affordable buildings that are essential to our prosperity, and; WHEREAS, “Mission Possible,” The theme for Building Safety Month 2024, encourages us all to raise awareness about building safety on a personal, local and global scale, and; WHEREAS, each year, in observance of Building Safety Month, people all over the world are asked to consider the commitment to improve building safety, resilience and economic investment at home and in the community, and to acknowledge the essential service provided to all of us by local and state building departments, fire prevention bureaus and federal agencies in protecting lives and property.

NOW, THEREFORE, the Mayor and City Council of the City of Kingsburg, do hereby proclaim the month of May 2024 as Building Safety Month. Accordingly, we encourage our citizens to join us as we participate in Building Safety Month activities.

Signed this 1st day of May, 2024
_______________________________
Brandon Pursell, Jr., Mayor
City of Kingsburg

CITY COUNCIL MEETING STAFF REPORT
REPORT TO: Mayor Pursell, Jr. & City Council
REPORT FROM: David Peters, City Engineer REVIEWED BY: AJH AGENDA ITEM: 2024 Streets Project Award
ACTION REQUESTED: ___Ordinance ___Resolution ____Motion ____Receive/File

EXECUTIVE SUMMARY
The City advertised the 2024 Streets Project and requested bids for the work on April 2, 2024. On April 23, 2024, the City received six responses from contractors for the project with bids ranging from $893,187.50 to $1,157,000.00. The lowest bid was submitted by Don Berry Construction, Inc. of Kingsburg, California in the amount of $893,187.50. The work includes:
• Repaving of 15th, 16th, and 17th Ave. from Stroud Ave. north of Klepper (matching new subdivision pavement) • Waterline improvements in the same area, designed to assist with fire flow capacity as identified in the city’s latest water model study.

Don Berry Construction, Inc. possesses an active Class A, General Engineering, Contractor’s license in the State of California and the license is in good standing.

Please note, due to timing of the work, these expenses will be incurred in the FY2025 budget (after July 1)

RECOMMENDED ACTION BY CITY COUNCIL

1. Staff recommends the award of the 2024 Streets Project to Don Berry Construction, Inc. in the amount of $893,187.50.

POLICY ALTERNATIVE(S)

1. Council could choose to reject all bids.

REASON FOR RECOMMENDATION/KEY METRIC

1. Financial Stability

2. Community Safety

FINANCIAL INFORMATION

PRIOR ACTION/REVIEW
None

BACKGROUND INFORMATION
See Executive Summary.

Meeting Date: 05/01/2024
Agenda Item: 5.6
FISCAL IMPACT:

1. Is There A Fiscal Impact? Yes

2. Is it Currently Budgeted? Yes

3. If Budgeted, Which Line? Local Transportation Funds

Page 2 of 2 ends

ATTACHED INFORMATION

1. Bid Summary

2. Project Area Map
1 2 3 4 5
Total Bid Schedules Don Berry Construction R.J. Berry Jr. Inc. MAC General Engineering Dave Christian Construction Todd Companies 1 BID SCHEDULE A - Street
Improvements $616,892.50 $703,336.00 $744,620.42 $780,562.00 $856,508.00 2 BID SCHEDULE B - Water Main
Installation $276,295.00 $292,235.00 $288,469.48 $302,826.00 $300,492.00 TOTAL BASE BID $893,187.50 $995,571.00 $1,033,089.90 $1,083,388.00 $1,157,000.00 CITY OF KINGSBURG - FY 23-24 Streets Project
BID SUMMARY - 04/23/2024
BID SCHEDULE A - Street Improvements
Item No. Quantity Unit Item Description Unit Price Total Amount Unit Price Total Amount Unit Price Total Amount Unit Price Total Amount 1 1 LS Mobilization ($20,000 Maximum) $20,000.00 $20,000.00 $20,000.00 $20,000.00 $20,000.00 $20,000.00 $13,041.95 $13,041.95 2 1 LS Traffic Control $5,000.00 $5,000.00 $9,000.00 $9,000.00 $10,000.00 $10,000.00 $18,600.24 $18,600.24 3 1 LS Dust Control $2,000.00 $2,000.00 $3,000.00 $3,000.00 $5,000.00 $5,000.00 $8,151.22 $8,151.22 4 1 LS Clearing & Grubbing $2,500.00 $2,500.00 $17,000.00 $17,000.00 $25,000.00 $25,000.00 $35,423.37 $35,423.37 5 18,741 SY Grind & Remove Existing Asphalt Concrete Pavement $3.50 $65,594.00 $1.50 $28,111.50 $3.00 $56,223.00 $2.53 $47,414.73 6 18,741 SY Subgrade Recompaction & Grading $2.25 $42,167.25 $1.00 $18,741.00 $3.00 $56,223.00 $2.32 $43,479.12 7 4,040 TN Hot Mix Asphalt $110.00 $444,400.00 $100.00 $404,000.00 $101.00 $408,040.00 $107.44 $434,057.60 8 10 EA Concrete Rmap $6,500.00 $65,000.00 $4,850.00 $48,500.00 $4,800.00 $48,000.00 $5,938.01 $59,380.10 9 830 SF Concrete Valley Gutter $20.00 $16,600.00 $18.00 $14,940.00 $25.00 $20,750.00 $28.74 $23,854.20 10 7 EA Adjsut Water Valve Frame & Cover to Grade $1,000.00 $7,000.00 $950.00 $6,650.00 $800.00 $5,600.00 $1,369.09 $9,583.63 11 5 EA Adjust Manhole Frame & Cover to Grade $1,500.00 $7,500.00 $1,350.00 $6,750.00 $1,500.00 $7,500.00 $2,564.98 $12,824.90 12 1 LS Signage, Pavement Striping, Markers & markings $5,000.00 $5,000.00 $5,200.00 $5,200.00 $6,000.00 $6,000.00 $5,271.13 $5,271.13 13 1 LS Miscellaneous Facilities $5,000.00 $5,000.00 $5,000.00 $5,000.00 $20,000.00 $20,000.00 $3,538.23 $3,538.23 14 1 LS Supplemental Work $15,000.00 $15,000.00 $30,000.00 $30,000.00 $15,000.00 $15,000.00 $30,000.00 $30,000.00 TOTAL BASE BID $702,761.25 $616,892.50 $703,336.00 $744,620.42 BID SCHEDULE A - Street Improvements
Item No. Quantity Unit Item Description Unit Price Total Amount Unit Price Total Amount 1 1 LS Mobilization ($20,000 Maximum) $20,000.00 $20,000.00 $20,000.00 $20,000.00 2 1 LS Traffic Control $21,587.50 $21,587.50 $5,000.00 $5,000.00 3 1 LS Dust Control $5,687.00 $5,687.00 $500.00 $500.00 4 1 LS Clearing & Grubbing $19,624.00 $19,624.00 $21,000.00 $21,000.00 5 18,741 SY Grind & Remove Existing Asphalt Concrete Pavement $3.50 $65,593.50 $3.00 $56,223.00 6 18,741 SY Subgrade Recompaction & Grading $2.25 $42,167.25 $5.00 $93,705.00 7 4,040 TN Hot Mix Asphalt $116.00 $468,640.00 $120.00 $484,800.00 8 10 EA Concrete Rmap $4,360.00 $43,600.00 $7,000.00 $70,000.00 9 830 SF Concrete Valley Gutter $24.00 $19,920.00 $36.00 $29,880.00 10 7 EA Adjsut Water Valve Frame & Cover to Grade $995.00 $6,965.00 $1,200.00 $8,400.00 11 5 EA Adjust Manhole Frame & Cover to Grade $1,865.00 $9,325.00 $2,000.00 $10,000.00 12 1 LS Signage, Pavement Striping, Markers & markings $5,848.75 $5,848.75 $6,000.00 $6,000.00 13 1 LS Miscellaneous Facilities $21,604.00 $21,604.00 $21,000.00 $21,000.00 14 1 LS Supplemental Work $30,000.00 $30,000.00 $30,000.00 $30,000.00 TOTAL BASE BID $780,562.00 $856,508.00
CITY OF KINGSBURG - FY 23-24 Streets Project
#1 #2 #3
Engineer's Estimate Don Berry Construction, Inc. R.J. Berry Jr. Inc. MAC General Engineering Todd Companies
#5
BID SUMMARY - April 23, 2024
#4
Dave Chrsitian Construction
CITY OF KINGSBURG - FY 23-24 Streets Project
BID SUMMARY - April 23, 2024
BID SCHEDULE B - Water Main Installation
Item No. Quantity Unit Item Description Unit Price Total Amount Unit Price Total Amount Unit Price Total Amount Unit Price Total Amount 1 1 LS Mobilization ($10,000 Maximum) $10,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 2 1 LS Traffic Control $5,000.00 $5,000.00 $6,000.00 $6,000.00 $10,000.00 $10,000.00 $6,091.37 $6,091.37 3 1 LS Dust Control $2,000.00 $2,000.00 $2,100.00 $2,100.00 $5,000.00 $5,000.00 $1,218.27 $1,218.27 4 1 LS Storm Water Pollution Prevention Plan $35,000.00 $35,000.00 $1,600.00 $1,600.00 $2,000.00 $2,000.00 $1,141.17 $1,141.17 5 640 LF 8-Inch C-900 DR-18 Water Pipe $95.00 $60,800.00 $116.00 $74,240.00 $120.00 $76,800.00 $123.90 $79,296.00 6 1,215 LF 6-Inch C-900 DR-18 Water Pipe $85.00 $103,275.00 $65.00 $78,975.00 $73.00 $88,695.00 $74.99 $91,112.85 7 2 EA 8-Inch Water Valve $1,500.00 $3,000.00 $4,100.00 $8,200.00 $4,300.00 $8,600.00 $4,184.29 $8,368.58 8 2 EA 12-Inch Water Valve $2,000.00 $4,000.00 $6,100.00 $12,200.00 $6,200.00 $12,400.00 $6,194.93 $12,389.86 9 5 EA 6-Inch Water Valve $1,500.00 $7,500.00 $3,500.00 $17,500.00 $3,500.00 $17,500.00 $3,532.19 $17,660.95 10 2 EA Furnish & Install Fire Hydrant Assembly $9,000.00 $18,000.00 $14,600.00 $29,200.00 $15,000.00 $30,000.00 $15,106.93 $30,213.86 11 80 SF Concrete Restoration $20.00 $1,600.00 $16.00 $1,280.00 $28.00 $2,240.00 $27.17 $2,173.84 12 1 LS Miscellaneous Facilities $5,000.00 $5,000.00 $20,000.00 $20,000.00 $14,000.00 $14,000.00 $13,802.73 $13,802.73 13 1 LS Supplemental Work $15,000.00 $15,000.00 $15,000.00 $15,000.00 $15,000.00 $15,000.00 $15,000.00 $15,000.00 TOTAL BASE BID $270,175.00 $276,295.00 $292,235.00 $288,469.48 BID SCHEDULE B - Water Main Installation
Item No. Quantity Unit Item Description Unit Price Total Amount Unit Price Total Amount 1 1 LS Mobilization ($10,000 Maximum) $10,000.00 $10,000.00 $10,000.00 $10,000.00 2 1 LS Traffic Control $6,600.00 $6,600.00 $1,500.00 $1,500.00 3 1 LS Dust Control $12,144.00 $12,144.00 $10,000.00 $10,000.00 4 1 LS Storm Water Pollution Prevention Plan $1,100.00 $1,100.00 $500.00 $500.00 5 640 LF 8-Inch C-900 DR-18 Water Pipe $125.00 $80,000.00 $140.00 $89,600.00 6 1,215 LF 6-Inch C-900 DR-18 Water Pipe $78.00 $94,770.00 $63.00 $76,545.00 7 2 EA 8-Inch Water Valve $4,158.00 $8,316.00 $3,000.00 $6,000.00 8 2 EA 12-Inch Water Valve $6,156.00 $12,312.00 $5,500.00 $11,000.00 9 5 EA 6-Inch Water Valve $3,510.00 $17,550.00 $2,750.00 $13,750.00 10 2 EA Furnish & Install Fire Hydrant Assembly $15,012.00 $30,024.00 $26,400.00 $52,800.00 11 80 SF Concrete Restoration $13.00 $1,040.00 $79.00 $6,320.00 12 1 LS Miscellaneous Facilities $13,970.00 $13,970.00 $7,477.00 $7,477.00 13 1 LS Supplemental Work $15,000.00 $15,000.00 $15,000.00 $15,000.00 TOTAL BASE BID $302,826.00 $300,492.00
Engineers Estimate Don Berry Construction, Inc. R.J.Berry Jr. Inc.

Dave Chrsitian Construction Todd Companies
#3
MAC General Engineering
#4 #5
#1 #2

CITY COUNCIL MEETING STAFF REPORT
REPORT TO: Mayor Pursell, Jr. & City Council
REPORT FROM: Alma Colado, Finance Director REVIEWED BY: AJH AGENDA ITEM: Treasurer’s Reports
ACTION REQUESTED: ___Ordinance ___Resolution _√_ Motion ____Receive/File

EXECUTIVE SUMMARY
Attached for the Council’s information is the Treasurer’s Report for the Quarter ended March 31, 2024. Historically, the City invested most of our reserves with the Local Agency Investment Fund (LAIF). LAIF is a pooled investment fund established by the state to provide cities with safe investment option that is administered by the State of California Treasure’s Office. Interest rates in LAIF lag behind the current economic trends; earnings or returns are typically lower than other investment channels. At the end of the third quarter, the interest rate for LAIF was at

3.929%.

Currently the cash balances of the City of Kingsburg are invested in Local Area Investment Fund Pool (LAIF) and California CLASS Pool investments.

In the first half of the 2022-23 Fiscal Year, the Council amended the city’s financial policy to allow for investment with California CLASS. CA CLASS is a local government investment pool that provides public agencies with the opportunity to pool their funds together with the goal of collectively earning interest on investments. “The California CLASS philosophy is to provide competitive returns while focusing on safety and liquidity. While CA CLASS operates a similar formula, the short to medium term securities portfolio offers the opportunity to optimize interest earnings, while not sacrificing safety or liquidity of the funds. At the end of the third quarter, the interest rate for CA CLASS was at 5.421%.

The monthly financial summaries attached provide a detailed report of the City’s cash and investments.

RECOMMENDED ACTION BY CITY COUNCIL

1. City Council accepts the Treasurer’s Report from January 31, 2024 to March 31, 2024.

POLICY ALTERNATIVE(S)

1. N/A

REASON FOR RECOMMENDATION/KEY METRIC

1. Financial Stability

FINANCIAL INFORMATION

FINANCIAL SUMMARY
None related to the City budget.

Meeting Date: 05/01/2024
Agenda Item: 5.7
FISCAL IMPACT:

1. Is There A Fiscal Impact? Yes

2. Is it Currently Budgeted? N/A

3. If Budgeted, Which Line? N/A

Page 2 of 2 ends

ATTACHED INFORMATION

1. Treasurer’s Reports

2. Investment Report
Pooled Investments Interest Rate
Petty Cash/Change Fund N/A $ 1,050.00
WestAmerica Payroll A/C N/A -
WestAmerica Bank General Operating N/A 735,317.24
WestAmerica Finance Authority A/C N/A 655,272.52
Cal Class Investments 5.421% 12,684,054.59
Local Agency Investment Fund-City 3.929% 2,068,255.60
Total $ 16,143,949.95
Funds
General Fund- $3,687,024.39
Pool -$142,343.77
Senior Center -$238,345.81
CDBG -$9,466.29
Park Improvements -$243,330.71
Transient Oriented Development -$16,096.50
San Joaquin Valley Air Grant $21.00
COPS $77,511.68
Linnaea Villas Public Project $99,544.68
ARPA Funds $1,944,985.08
18th Ave Sidewalks $462.00
10th Ave Reconstruction $71,103.77
18/Kern Lighted Crosswalk -$13,756.87
Bethel Avenue Improvements $10,652.37
Madsen Ave Recon Sierra to Std -$545,271.97
Madsen Av Bike Pth Strd to Kam -$34,709.91
Bethel Sierra Roundabout $2,005.50
Mehlert Ave Reconstruction -$32,121.94
Funds -$33,095.58
18th Ave Sidewalks -$90,260.64
18th Ave Sidewalks-Sierra-Stroud -$184,517.97
Fund $444,581.10
LTF 3 $113,239.77
LTF 8 $1,138,650.27
Measure C $357,017.08
Measure E $327,759.45
Abandoned Vehicle $17,972.38
Act Task Force $3,463.69
School Resource Officer Grant -$204,797.17
KJUHSD SRO Grant -$2,233.52
Elementary SRO Grant -$30,831.25
Tri-County-Emtparamedic Grant -$274,487.62
Capital Facilites $5,876,181.05
Sewer $1,687,971.36
Storm Drain $211,983.06
Par & Rec $691,560.86
Traffic Impact $13,415.27
Equipment Reserve $25,431.30
Water $1,146,231.31
Solid Waste -$209,360.18
Ambulance -$3,277,839.29
Risk Management $153,591.90
CALPERS UAL Fund $1,807,523.25
Economic Stabilization Fund $858,927.00
Equipment Reserve Fund $598,427.04
Forgivable Loan Program Fund $133,541.53
RDA Cap Proj Successor Agency $148,262.28
RDA Low/Mod Successor Agency -$81,134.39
Finance Authority $49,994.30
Spec Assess 91-1 Agency -$219,999.96
Spec Assess 91-1 Supp Agency $815.47
Spec Assess 92-1 Agency $135,293.38
Spec Assess 92-2 Agency $96,056.09
Landscaping & Lighting -$33,049.45
Community Facilities District $366,272.48
Cash Payroll Clearing -$106,089.25
Deposit adjustments -$130,383.15
Total $ 16,143,949.95
City of Kingsburg Treasurer's Report
Pooled Cash Investments and Cash
Period Ended March 31, 2024
11,000,000.00
12,000,000.00
13,000,000.00
14,000,000.00
15,000,000.00
16,000,000.00
17,000,000.00
18,000,000.00
19,000,000.00
20,000,000.00
21,000,000.00

MONTHLY POOLED CASH AND INVESTMENTS
FY 23-24
FY 22-23
FY 21-22
FY 20-21
FY 19-20
Pooled Investments Interest Rate
Petty Cash/Change Fund N/A $ 1,050.00
WestAmerica Payroll A/C N/A -
WestAmerica Bank General Operating N/A 976,891.97
WestAmerica Finance Authority A/C N/A 655,272.52
Cal Class Investments 5.439% 12,626,079.76
Local Agency Investment Fund-City 3.929% 1,268,255.60
Total $ 15,527,549.85
Funds
General Fund- $2,956,213.64
Pool (139,965.71)
Senior Center (228,328.36)
CDBG (9,466.29)
Park Improvements -$243,330.71
Transient Oriented Development -$16,096.50
San Joaquin Valley Air Grant $21.00
COPS $70,627.23
Linnaea Villas Public Project $99,544.68
ARPA Funds $1,951,485.08
18th Ave Sidewalks $462.00
10th Ave Reconstruction $71,103.77
18/Kern Lighted Crosswalk -$13,756.87
Bethel Avenue Improvements $10,652.37
Madsen Ave Recon Sierra to Std -$534,438.46
Madsen Av Bike Pth Strd to Kam -$34,709.91
Bethel Sierra Roundabout $2,005.50
Mehlert Ave Reconstruction -$32,121.94
Funds -$33,095.58
18th Ave Sidewalks -$90,260.64
18th Ave Sidewalks-Sierra-Stroud -$184,517.97
Fund $417,089.84
LTF 3 $113,239.77
LTF 8 $1,153,271.89
Measure C $294,631.11
Measure E $400,668.42
Abandoned Vehicle $17,972.38
Act Task Force $15,990.05
School Resource Officer Grant -$204,797.17
KJUHSD SRO Grant $7,802.65
Elementary SRO Grant -$15,854.51
Tri-County-Emtparamedic Grant -$227,813.11
Capital Facilites $5,788,035.05
Sewer $1,678,843.36
Storm Drain $211,983.06
Par & Rec $680,136.86
Traffic Impact $13,415.27
Equipment Reserve $25,431.30
Water $1,088,775.15
Solid Waste -$203,093.74
Ambulance -$3,245,419.48
Risk Management $272,294.62
CALPERS UAL Fund $1,826,819.00
Economic Stabilization Fund $858,927.00
Equipment Reserve Fund $598,427.04
Forgivable Loan Program Fund $133,541.53
RDA Cap Proj Successor Agency $148,262.28
RDA Low/Mod Successor Agency -$81,134.39
Finance Authority $49,994.30
Spec Assess 91-1 Agency -$219,999.96
Spec Assess 91-1 Supp Agency $815.47
Spec Assess 92-1 Agency $135,293.38
Spec Assess 92-2 Agency $96,056.09
Landscaping & Lighting -$23,695.54
Community Facilities District $378,111.43
Cash Payroll Clearing -$142,790.85
Deposit adjustments -$115,706.03
Total $ 15,527,549.85
City of Kingsburg Treasurer's Report
Pooled Cash Investments and Cash
Period Ended February 29, 2024
11,000,000.00
12,000,000.00
13,000,000.00
14,000,000.00
15,000,000.00
16,000,000.00
17,000,000.00
18,000,000.00
19,000,000.00
20,000,000.00
21,000,000.00

MONTHLY POOLED CASH AND INVESTMENTS
FY 23-24
FY 22-23
FY 21-22
FY 20-21
FY 19-20
Pooled Investments Interest Rate
Petty Cash/Change Fund N/A $ 1,050.00
WestAmerica Payroll A/C N/A -
WestAmerica Bank General Operating N/A 800,858.03
WestAmerica Finance Authority A/C N/A 655,272.52
Cal Class Investments 5.498% 12,571,894.93
Local Agency Investment Fund-City 3.929% 2,568,255.60
Total $ 16,597,331.08
Funds
General Fund $2,912,845.51
Pool (142,389.13)
Senior Center (212,568.31)
CDBG (9,466.29)
Park Improvements -$204,627.61
Transient Oriented Development -$16,096.50
San Joaquin Valley Air Grant $21.00
COPS $62,319.98
Linnaea Villas Public Project $99,544.68
ARPA Funds $1,949,076.17
18th Ave Sidewalks $462.00
10th Ave Reconstruction $71,103.77
18/Kern Lighted Crosswalk -$13,756.87
Bethel Avenue Improvements $10,652.37
Madsen Ave Recon Sierra to Std -$183,305.41
Madsen Av Bike Pth Strd to Kam -$34,709.91
Bethel Sierra Roundabout $2,005.50
Mehlert Ave Reconstruction -$32,121.94
Funds -$30,893.50
18th Ave Sidewalks -$132,449.86
18th Ave Sidewalks-Sierra-Stroud -$96,663.75
Fund $405,138.09
LTF 3 $112,848.94
LTF 8 $1,199,480.27
Measure C $367,026.37
Measure E $368,858.34
Abandoned Vehicle $17,889.89
Act Task Force -$5,987.84
School Resource Officer Grant -$204,797.17
KJUHSD SRO Grant $18,353.50
Elementary SRO Grant -$3,504.96
Tri-County-Emtparamedic Grant -$189,868.66
Capital Facilites $5,671,927.67
Sewer $1,668,923.33
Storm Drain $207,177.13
Par & Rec $674,649.84
Traffic Impact $13,415.27
Equipment Reserve $25,431.30
Water $1,120,481.60
Solid Waste -$212,101.26
Ambulance -$2,564,363.25
Risk Management $180,410.31
CALPERS UAL Fund $1,846,114.75
Economic Stabilization Fund $858,927.00
Equipment Reserve Fund $598,427.04
Forgivable Loan Program Fund $133,541.53
RDA Cap Proj Successor Agency $148,262.28
RDA Low/Mod Successor Agency -$81,134.39
Finance Authority $49,994.30
Spec Assess 91-1 Agency -$219,999.96
Spec Assess 91-1 Supp Agency $815.47
Spec Assess 92-1 Agency $135,293.38
Spec Assess 92-2 Agency $96,056.09
Landscaping & Lighting -$14,341.63
Community Facilities District $385,948.10
Cash Payroll Clearing -$188,153.66
Deposit adjustments -$22,789.83
Total $ 16,597,331.08
City of Kingsburg Treasurer's Report
Pooled Cash Investments and Cash
Period Ended January 31, 2024
11,000,000.00
12,000,000.00
13,000,000.00
14,000,000.00
15,000,000.00
16,000,000.00
17,000,000.00
18,000,000.00
19,000,000.00
20,000,000.00
21,000,000.00

MONTHLY POOLED CASH AND INVESTMENTS
FY 23-24
FY 22-23
FY 21-22
FY 20-21
FY 19-20
4126124, 12:45 PM
Entity NameCity of Kingsburg
Account Number
cA-o1-0027-0001 General Operating Fund
Total
Transactional Activity
CA-01-0027-0001 GeneralOpgallngFundDate Transaction Description On Demand Reports - California CLASS Portal
Gustom Account Statement CACLASS
Start Date End Date
1t1t2024 3t31t2024
lnvestor lDcA-o1-0027
Account Name
Report Period
Beginning
Balance
12,513,627.17
Gontributions

0.000.00
Withdrawals

0.00 0.00
Balance
12,513,627.17
12,684,054.59
lncome Received
During Period
170,427.42170,427.42
Confirmation
Number
Ending Balance
12,684,054.5912,684,054.59
Average Yield for
the Period

5.4532Yo
lncome Earned
for Period
170,478.60
170,478.60
0110112024031311202403131t2024
Beginning Balance
lncome Dividend
Reinvestment
Ending Balance
12,513,627.17
Contributions Withdrawals
170,427.42 0.00
111
MALIAM. COHEN
California State Controller

LOCAL AGENCY INVESTMENT FTIND

REMITTANCE ADVICE
As of 0411512024, your Local Agency Investment Fund account has been directly credited with the interest earned on your deposits for the quarter ending 0313112024.

Agency Name
Account Number
Earnings Ratio
Interest Rate
Dollar Day Total
Quarter End Principal Balance
Quarterly Interest Earned

KINGSBURG
98-10-404
.0001 1755619077389

4.30%
178,049,058.99
2,068,255.60
20,930.77
$
$
$

CITY COUNCIL MEETING STAFF REPORT
REPORT TO: Mayor Pursell, Jr. & City Council
REPORT FROM: Alma Colado, Finance Director REVIEWED BY: AJH AGENDA ITEM: 2022-2023 Financial Statements
ACTION REQUESTED: ___Ordinance ___Resolution _√_ Motion ____Receive/File

EXECUTIVE SUMMARY
The City of Kingsburg’s Financial Statements for Fiscal Year ended June 30, 2023, have been audited by an independent accounting firm and an Unqualified Opinion (clean opinion) has been issued. Anthony Gonzales from Price Paige & Company will be presenting our audited financial statements for the fiscal year ended 06/30/2023.

Highlights include:
• General Fund expenditures exceeded revenues by $113,360 (excluding transfers in/out). This is mainly due to planned one-time capital expenditures.
• Measure E Fund expenditures exceeded revenues by $768,319. • The Ambulance Fund had an operational deficit of ($2,761,045). The operational deficit was offset through inter-fund transfers, and grants.
• Water Fund had an operating deficit of ($606,829). This is mainly due to planned one-time capital expenditures.
• Disposal Fund revenues exceeded expenditures by $324,825. This is due to the change in rate structure that is bringing the fund back into balance.

Included in the packet is a five-year major fund comparison of revenues and expenses. This information provides a long-term financial summary and fund performance trends.

RECOMMENDED ACTION BY CITY COUNCIL

1. Accept the financial statements for the year ended June 30, 2023.

POLICY ALTERNATIVE(S)

1. NA

REASON FOR RECOMMENDATION/KEY METRIC

1. Financial Stability

FINANCIAL INFORMATION

FINANCIAL SUMMARY
None related to the City budget.

Meeting Date: 05/01/2024
Agenda Item: 6.1
FISCAL IMPACT:

1. Is There A Fiscal Impact? Yes

2. Is it Currently Budgeted? N/A

3. If Budgeted, Which Line? N/A

Page 2 of 2 ends

ATTACHED INFORMATION

1. Financial Statements

2. 5-year major fund revenue/expenditure summary

3. Presenation
City of Kingsburg | California
Single Audit Report
For the Year Ended June 30, 2023
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Single Audit Report

TABLE OF CONTENTS
PAGE
Independent Auditor’s Report on Internal Control Over
Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in
Accordance with Government Auditing Standards .......................................................................................................... 1 Independent Auditor’s Report on Compliance for Each Major Program and on Internal Control Over Compliance Required by the Uniform Guidance ....................................................................................................................................................... 3 Schedule of Expenditures of Federal Awards....................................................................................................................... 6 Notes to the Schedule of Expenditures of Federal Awards.................................................................................................. 7 Schedule of Findings and Questioned Costs ........................................................................................................................ 8 Summary Schedule of Prior Audit Findings........................................................................................................................ 11 Corrective Action Plan........................................................................................................................................................ 13 1 INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND

ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS

PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Honorable Mayor and City Council
City of Kingsburg, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business‐type activities, each major fund, and the aggregate remaining fund information of the City of Kingsburg, California (the City), as of and for the year ended June 30, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements and have issued our report thereon dated February 29, 2024, except for the report on the schedule of expenditures of federal awards as to which the date is March 29, 2024.

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

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

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. We identified certain deficiencies in internal control, described in the accompanying schedule of findings and questioned costs as items 2023‐ 001 and 2023‐002 that we consider to be material weaknesses.

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not 2 express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

The City’s Response to Findings
Government Auditing Standards requires the auditor to perform limited procedures on the City’s response to the findings identified in our audit and described in the accompanying schedule of findings and questioned costs. The City’s response was not subjected to the other auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on the response.

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

Clovis, California
March 29, 2024
3 INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE FOR EACH

MAJOR PROGRAM AND ON INTERNAL CONTROL OVER

COMPLIANCE REQUIRED BY THE UNIFORM GUIDANCE
To the Honorable Mayor and City Council
City of Kingsburg, California
Report on Compliance for Each Major Federal Program
Opinion on Each Major Federal Program
We have audited the City of Kingsburg, California’s (the City) compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on each of the City’s major federal programs for the year ended June 30, 2023. The City’s major federal programs are identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs.

In our opinion, the City complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2023.

Basis for Opinion on Each Major Federal Program
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).

Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.

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

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

Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards, Government Auditing 4 Standards, and the Uniform Guidance will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City’s compliance with the requirements of each major federal program as a whole.

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

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

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

Our consideration of internal control over compliance was for the limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance.

Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified.

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

The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose.
5 Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of the governmental activities, the business‐type activities, each major fund, and the aggregate remaining fund information of City of Kingsburg, California, as of and for the year ended June 30, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements. We issued our report thereon dated February 29, 2024, which contained unmodified opinions on those financial statements.

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

Clovis, California
March 29, 2024
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Schedule of Expenditures of Federal Awards
See accompanying notes to the schedule of expenditures of federal awards and the independent auditor’s report on compliance for each major program and on internal control over compliance required by the Uniform Guidance. 6 Assistance Pass‐Through
Listing Grantor's Federal
Number Number Expenditures
U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES
Pass‐through Fresno‐Madera Area Agency on Aging
Title III, Part C‐1, Congregate Nutrition Services 93.045 N/A 34,562 $ Total U.S. Department of Health and Human Services 34,562 U.S. DEPARTMENT OF JUSTICE
Direct Award:

Office of Justice Programs ‐ Bulletproof Vests 16.607 N/A 5,388 Total U.S. Department of Justice 5,388 U.S. DEPARTMENT OF TRANSPORTATION
Pass‐through California Department of Transportation:

Highway Planning and Construction
Highway Planning and Construction (Madsen Avenue Bike Trail) 20.205 CML 5170 (058) 23,856 Highway Planning and Construction (Mehlert Avenue Reconstruction) 20.205 STPL 5170 (059) ‐ Highway Planning and Construction (18th Avenue Sierra to Stroud Sidewalks) 20.205 CML 5170 (060) 29,098 Highway Planning and Construction (Bethel & Sierra Roundabout) 20.205 HSIPL 5170 (061) 1,243,677 Highway Planning and Construction (18th Ave ‐ Stroud Ave to Klepper Sidewalks) 20.205 CML‐5170 (063) 2,921 Highway Planning and Construction (12th Ave ‐ Stroud Ave to Aslan Sidewalks) 20.205 CML‐5170 (064) 2,250

20.205 RSTP‐5170 (062) 6,860

20.205 RSTPL‐5170 (065) 57,600

20.205 CML‐5170 (066) 5,200

20.205 CML‐5170 (067) 5,200
Subtotal Highway Planning and Construction 1,376,662 Total U.S. Department of Transportation 1,376,662 U.S. DEPARTMENT OF HOMELAND SECURITY
Direct Award:

Homeland Security Grant Program
Homeland Security Police Grant 97.067 N/A 5,187
Homeland Security Fire Grant 97.067 N/A 3,715
Total U.S. Department of Homeland Security 8,902 TOTAL EXPENDITURES OF FEDERAL AWARDS $ 1,425,514 Federal Grantor/Pass‐Through Grantor/Program Title
Highway Planning and Construction (Madsen Avenue Rehabilitation of Pavement and Reconstruction of Pedestrian Facilities)
Highway Planning and Construction (Madsen Ave from Kam to Stroud ‐ Pavement Rehab & Pedestrian Facilities)
Highway Planning and Construction (Mehlert St/Warkentin St ‐ From 14th Ave to 10th Ave ‐ Alley Pavement)
Highway Planning and Construction (20th/21st Ave ‐ Sierra to Mariposa St ‐ Alley Pavement) CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Notes to the Schedule of Expenditures of Federal Awards 7 NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal awards programs of the City of Kingsburg (the City). Federal awards received directly from federal agencies, as well as federal awards passed through other government agencies are included in the schedule. The information in this SEFA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).

NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is prepared using the modified accrual basis of accounting, except for program expenditures accounted for in governmental funds and the accrual basis of accounting for expenditures accounted for in proprietary funds, as described in Note 1 of the City’s basic financial statements.

NOTE 3 – RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Federal award expenditures agree or can be reconciled with the amounts reported in the City’s basic financial statements.

NOTE 4 – INDIRECT COST RATE
The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.

NOTE 5 – PASS THROUGH ENTITY IDENTIFYING NUMBERS
The City has included in the SEFA the identifying numbers for pass‐through grants when such information has been provided by the pass‐through entities. For grants that the City was not provided with such information by the pass‐ through entities, the City has indicated the pass‐through identifying number “N/A” to disclose the information was not applicable or not available.

CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Schedule of Findings and Questioned Costs
8 SECTION I – SUMMARY OF AUDITOR’S RESULTS

FINANCIAL STATEMENTS
Type of auditor's report issued: Unmodified
Internal control over financial reporting:

Material weaknesses identified? X Yes No
Significant deficiencies identified ‐
not considered to be material weaknesses? Yes X None reported Noncompliance material to financial statements noted? Yes X No

FEDERAL AWARDS
Internal control over major programs:

Material weaknesses identified? Yes X No
Significant deficiencies identified ‐
not considered to be material weaknesses? Yes X None reported Type of auditor's report issued on compliance for
major programs: Unmodified
Any audit findings disclosed that are required
to be reported in accordance with
2 CFR 200.516(a)? Yes X No
IDENTIFICATION OF MAJOR PROGRAMS:

Assistance Listing Number(s)

20.205 Highway Planning and Construction
Dollar threshold used to distinguish
between Type A and Type B programs:

Auditee qualified as low‐risk auditee? Yes X No
Name of Federal Program or Cluster
$750,000
CITY OF KINGSBURG| FOR THE YEAR ENDED JUNE 30, 2023
Schedule of Findings and Questioned Costs
(Continued)
9 SECTION II – FINANCIAL STATEMENT FINDINGS
Finding 2023‐001 – FINANCIAL CLOSE AND REPORTING (Material Weakness) Condition: The City’s year‐end financial closing process was not complete or accurate and resulted in numerous adjustments during the course of the audit to reconcile various account balances.

Criteria: As described in the California State Controller’s “2015 Internal Control Guidelines” an effective internal control system and timely financial reporting of all financial activity provides reasonable assurance for the safeguarding of assets, the reliability of financial information, and compliance with laws and regulations. This includes the design and implementation of control systems that ensure accurate financial reporting in accordance with applicable standards and regulations.

Cause: An incomplete closing of the books and insufficient review of supporting schedules to the related trial balance contributed to the various adjustments and other issues identified in the effect section below.

Effect: Various adjustments, including material adjustments, were required to correct the City’s general ledger during our audit, including the following:

1. Cash balances were misstated in the general ledger, requiring multiple adjustments affecting other areas of the audit including accounts payable and accounts receivable.

2. Transfers initially did not reconcile due to mis‐postings of activity to non‐transfer accounts, and non‐transfer activity being posted to transfer accounts. Initial misstatement of approximately $1.5M related to the fiber optic loan program.

3. Loans made to outside organizations were not initially accrued or noted as such during our review of the City’s trial balance and supporting documentation – approximately $1.8M of omitted loans receivable given nature of fiber optic loan.

4. The opening fund balance did not reconcile to the prior year’s ending for multiple funds.

In addition to the audit adjustments noted above, significant subsequent journal entries were provided to the auditors after receipt of the trial balance for audit, resulting in additional time spent and delays to the audit process.

Recommendation: We recommend that the City review its current design of controls (processes and procedures) to determine what changes are required to reduce the likelihood of future misstatements in the year‐end financial close.

Additional considerations in the design should include the explicit review and approval of year‐end schedules and other financial close and reporting processes to reduce the likelihood of misstatement due to unintentional error.

Management’s Response: See Corrective Action Plan.

CITY OF KINGSBURG| FOR THE YEAR ENDED JUNE 30, 2023
Schedule of Findings and Questioned Costs
(Continued)
10 SECTION II – FINANCIAL STATEMENT FINDINGS (Continued) Finding 2023‐002 – CASH RECONCILIATION (Material Weakness) Condition: The City’s total cash balances were not reconciled at year‐end, resulting in misstatement of cash balances on the City’s general ledger.

Criteria: In accordance with Internal Control – Integrated Framework, published by the committee of Sponsoring Organization of the Treadway Commission (COSO), internal controls should be designed to provide reasonable assurance of achieving effective and efficient operations, reliable financial performance reporting, or compliance with applicable laws and regulations. Specifically, adequate internal controls should be designed and implemented to safeguard assets.

Cause: The City’s current reconciliation process does not effectively consider all cash balances reported on the City’s general ledger nor does it include a timely identification and rectification of balances that do not reconcile.

Effect: Upon initial inspection of the City’s cash accounts, the unreconciled difference noted between the City treasurer’s report and the general ledger cash balances was approximately $132k (more cash in bank than books). Subsequently, after audit adjustments were posted, the remaining unreconciled difference noted was approximately $35k (more cash in bank than books).

However, our audit did not identify any fraud related to these errors.

Recommendation: We recommend that the City contract with a consultant who specializes in governmental accounting (funds) to redesign the City’s bank & cash reconciliation process to ensure that the City can, on a timely basis, accurately reconcile the City’s bank and cash balances, and when identified, correct any unreconciled balances to ensure accurate financial reporting.

Management’s Response: See Corrective Action Plan.

SECTION III – FEDERAL AWARD FINDINGS
None reported.

CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Summary Schedule of Prior Audit Findings
11 FINANCIAL STATEMENT FINDINGS
Finding 2022‐001 – Reconciliation of Cash Accounts (Material Weakness) Condition: The City’s cash accounts were not reconciled to the bank balances at year‐end.

Criteria: In accordance with Internal Control—Integrated Framework, published by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), internal controls should be designed to provide reasonable assurance of achieving effective and efficient operations, reliable financial performance reporting, or compliance with applicable laws and regulations. Specifically, adequate internal controls should be designed and implemented to safeguard assets.

Cause: The City’s current reconciliation process did not require the investigation of the unreconciled difference between bank balances and the City’s general ledger.

Effect: Although the audit did not identify any fraud resulting from the lack of reconciliation between the bank balances and city general ledger, the risk of error or fraud existed, and the city’s cash was not adequately safeguarded. Initial reconciled bank balances did not reconcile to total cash per the City’s general ledger by approximately $133,000. Upon further audit investigation and adjustment, total cash balances did not reconcile to the general ledger at year‐end by approximately $40,000.

Recommendation: We recommend the City allocate resources (additional staff, hired consultants, etc.) to prepare bank reconciliations as part of its month‐end closing process, and to determine the cause of the unreconciled differences between the general ledger and reconciled bank balances. If the person reconciling the reconciled bank balances to the general ledger is unable to complete the reconciliation, then they must report it immediately to the finance director who should investigate and determine the cause promptly.

Management’s Response: Not implemented in current year. See Finding 2023‐002.

Finding 2022‐002 – Fund Balance Reconciliation (Significant Deficiency) Condition: The City’s opening fund balance within the General fund did not reconcile to the prior year audited financial statements by approximately $832,000.

Criteria: The City’s fund balance accounts represent the resources available to the City by considering assets and the related liabilities associated with that fund. Opening fund balance accounts should be reconciled to the prior year ending fund balances of the audited financial statements to ensure proper reporting under Generally Accepted Accounting Principles.

Cause: The City does not have a documented process whereby fund balance accounts are reconciled to prior year audited financial statements or other similar reports. In addition, entries were posted directly to fund balance accounts during the year.

Effect: Fund balance was initially misstated by approximately $832,000.

Recommendation: We recommend that the City implement a process where all fund balance accounts are reconciled to the prior year, and ultimately, reconciled to the audited financial statements to ensure accurate financial reporting. In addition, the City should generally not post activity directly to fund balance unless it has identified an adjustment to a prior period requiring correction.

Management’s Response: Partially implemented. See Finding 2023‐001.

CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Summary Schedule of Prior Audit Findings
(Continued)
12 FEDERAL AWARD FINDINGS
None reported.
13 City of Kingsburg
California

City of Kingsburg
California
Annual Comprehensive
Financial Report
For the Fiscal Year Ended June 30, 2023
CITY OF KINGSBURG | JUNE 30, 2023
Annual Comprehensive Financial Report

TABLE OF CONTENTS
PAGE

INTRODUCTORY SECTION
Letter of Transmittal ............................................................................................................................................................. i GFOA Certificate of Achievement for Excellence in Financial Reporting ............................................................................vii Organizational Chart ..........................................................................................................................................................viii List of Elected and Appointed Officials.................................................................................................................................ix

FINANCIAL SECTION
Independent Auditor’s Report ............................................................................................................................................ 1 Management’s Discussion and Analysis............................................................................................................................. 5 Basic Financial Statements:

Government‐Wide Financial Statements:

Statement of Net Position........................................................................................................................................... 17 Statement of Activities................................................................................................................................................ 18 Fund Financial Statements:

Governmental Funds:

Balance Sheet....................................................................................................................................................... 20 Reconciliation of the Governmental Funds Balance Sheet to the Government‐Wide Statement of Net Position................................................................................................... 21 Statement of Revenues, Expenditures and Changes in Fund Balances ............................................................... 22 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government‐Wide Statement of Activities............................................ 23 Proprietary Funds:

Statement of Proprietary Net Position ................................................................................................................ 24 Statement of Revenues, Expenses and Changes in Proprietary Net Position...................................................... 25 Statement of Cash Flows...................................................................................................................................... 26 Fiduciary Funds:

Statement of Fiduciary Net Position .................................................................................................................... 28 Statement of Changes in Fiduciary Net Position.................................................................................................. 29 Notes to the Basic Financial Statements............................................................................................................................ 31 CITY OF KINGSBURG | JUNE 30, 2023
Annual Comprehensive Financial Report
TABLE OF CONTENTS (Continued)
PAGE
Required Supplementary Information:

Budgetary Comparison Schedules:

General Fund............................................................................................................................................................... 64 Local Transportation Fund .......................................................................................................................................... 65 Measure E Fund .......................................................................................................................................................... 66 Capital Facilities Fund.................................................................................................................................................. 67 Street Projects Fund.................................................................................................................................................... 68 Pension Plans:

Cost‐Sharing Multiple‐Employer Defined Benefit Plan:

Schedule of Proportionate Share of Net Pension Liability................................................................................... 70 Schedule of Contributions.................................................................................................................................... 71 Notes to the Required Supplementary Information .......................................................................................................... 72 Combining and Individual Nonmajor Fund Financial Statements and Schedules:

Nonmajor Governmental Funds:

Measure C Fund ................................................................................................................................................... 82 Gas Tax Fund........................................................................................................................................................ 83 Senior Center Fund .............................................................................................................................................. 84 COPS Grant Fund.................................................................................................................................................. 85 San Joaquin Valley Air Grant Fund....................................................................................................................... 86 Low and Moderate Housing Asset Fund .............................................................................................................. 87 Vehicle Abandonment Fund................................................................................................................................. 88 ACT Task Force Grant Fund.................................................................................................................................. 89 Park Improvements Fund..................................................................................................................................... 90 School Resource Officer Fund .............................................................................................................................. 91 Forgivable Loan Program Fund (RTTPF)............................................................................................................... 92 CITY OF KINGSBURG | JUNE 30, 2023
Annual Comprehensive Financial Report
TABLE OF CONTENTS (Continued)
PAGE
Combining and Individual Nonmajor Fund Financial Statements and Schedules: (Continued) Nonmajor Debt Service Funds:

Combining Balance Sheet............................................................................................................................................ 93 Combining Statement of Revenues, Expenditures and Changes in Fund Balances .................................................... 94 Budgetary Comparison Schedule – Kingsburg Joint Powers Authority Fund.............................................................. 95 Budgetary Comparison Schedule – Assessment District Fund.................................................................................... 96 Nonmajor Capital Projects Funds:

Sewer Connection Fund ....................................................................................................................................... 99 Storm Drain Fund............................................................................................................................................... 100 Parks and Recreation Fund ................................................................................................................................ 101 Equipment Replacement Fund........................................................................................................................... 102 Linnea Villa Fund................................................................................................................................................ 103

STATISTICAL SECTION
Financial Trends:

Net Position by Component – Last Ten Fiscal Years......................................................................................................... 106 Changes in Net Position – Last Ten Fiscal Years............................................................................................................... 107 Fund Balances of Governmental Funds – Last Ten Fiscal Years ....................................................................................... 109 Changes in Fund Balances of Governmental Funds – Last Ten Fiscal Years..................................................................... 110 Revenue Capacity:

Assessed Value and Estimated Actual Value of Taxable Property – Last Ten Fiscal Years............................................... 111 Assessed Value of Taxable Property – Last Five Fiscal Years............................................................................................ 112 Tax Revenues by Source – Governmental Activities – Last Ten Fiscal Years.................................................................... 113 Direct and Overlapping Property Tax Rates – Last Seven Fiscal Years............................................................................. 114 Principal Property Taxpayers – Current Year and Nine Years Ago ................................................................................... 115 Property Tax Levies and Collections – Last Ten Fiscal Years ............................................................................................ 116 CITY OF KINGSBURG | JUNE 30, 2023
Annual Comprehensive Financial Report
TABLE OF CONTENTS (Continued)
STATISTICAL SECTION (Continued)
Debt Capacity:

Ratios of Outstanding Debt by Type – Last Ten Fiscal Years............................................................................................ 117 Ratios of General Bonded Debt Outstanding – Last Ten Fiscal Years............................................................................... 118 Direct and Overlapping Governmental Activities Debt.................................................................................................... 119 Legal Bonded Debt Margin Information........................................................................................................................... 120 Demographic and Economic Information:

Demographic and Economic Statistics – Last Seven Fiscal Years..................................................................................... 121 Principal Employers – Current Year and Seven Years Ago ............................................................................................... 122 Operating Information:

Full‐Time Equivalent Employees by Function – Last Ten Fiscal Years.............................................................................. 123 Operating Indicators by Function – Last Ten Fiscal Years ................................................................................................ 124 Capital Assets Statistics by Function – Last Ten Fiscal Years............................................................................................ 125

INTRODUCTORY SECTION
i
ii
iii
iv
v
vi
vii
viii
CITY OF KINGSBURG | JUNE 30, 2023
List of Elected and Appointed Officials
ix
Elected Officials
Mayor Laura North
Mayor Pro Tem Vince Palomar
Council Member Michelle Roman
Council Member Jewel Hurtado
Council Member Brandon Pursell Jr.

Appointed Officials
City Manager Alexander J. Henderson
City Attorney Michael Noland
City Clerk Abigail Palsgaard
Director of Administrative Services Christina Windover
Police Chief Neil Dadian
Fire Chief Daniel Perkins
Building Official AJ O’Connell
Finance Director/City Treasurer Alma Colado
Community Development Director Holly Owen

FINANCIAL SECTION
1 INDEPENDENT AUDITOR’S REPORT
To the Honorable Mayor and City Council
City of Kingsburg, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the business‐type activities, each major fund, and the aggregate remaining fund information of the City of Kingsburg, California (the City), as of and for the year ended June 30, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business‐type activities, each major fund, and the aggregate remaining fund information of the City of Kingsburg, California, as of June 30, 2023, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
2 Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions.

Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.  Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed.  Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.  Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control‐related matters that we identified during the audit.

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison schedules, schedule of proportionate share of net pension liability, schedule of contributions, and notes to the required supplementary information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying combining and individual nonmajor fund financial statements are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic 3 financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the annual report. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor’s report thereon.

Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated February 29, 2024, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Clovis, California
February 29, 2024
4 MANAGEMENT’S DISCUSSION AND ANALYSIS
CITY OF KINGSBURG | JUNE 30, 2023
Management’s Discussion and Analysis
5 The management of the City of Kingsburg is pleased to present the following discussion and analysis that provides an overview of the financial position and activities of the City of Kingsburg for the year ended June 30, 2023. The discussion should be read in conjunction with the accompanying transmittal letter, the basic financial statements and the accompanying notes to the basic financial statements which follow this section.

Overview of the Basic Financial Statements
The Comprehensive Annual Financial Report is composed of the following:

1. Introductory section, including the Transmittal Letter

2. Management’s Discussion and Analysis

3. Basic Financial Statements, which consist of three components: 1) government‐wide financial statements, 2) fund financial statements, and 3) the notes to the basic financial statements.

4. The report also includes supplementary information intended to furnish additional detail to support the basic financial statements.

5. Statistical information.

The Basic Financial Statements consist of the City‐wide Financial Statements and the Fund Financial Statements. These two sets of financial statements provide a short‐term view as well as a long‐term view.

Government‐wide Financial Statements
All of the City’s activities are grouped into either Governmental Activities or into Business‐type Activities. Governmental Activities are those functions that are principally supported by taxes or by specific governmental program revenues such as developer fees. Business‐type Activities are those services that are principally charges paid by direct users of the service such as Disposal collection.

The government‐wide financial statements are designed to provide readers with a broad overview of all of the City’s finances taken as a whole, using a long‐term view, in a manner similar to a private‐sector business. The Government‐wide Financial Statements consist of the Statement of Net Position and Statement of Activities.

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

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

Both of the government‐wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business‐type activities). The governmental activities of the City include general government, parks and community services, public safety, public works, highways and streets, and planning and community development. The business‐type activities of the City include Water, Disposal and Ambulance/Fire.

The government‐wide financial statements include the Kingsburg Joint Powers Authority. Financial information for this component unit is reported separately from the financial information presented for the primary government itself. The Joint Powers Authority, although legally separate, functions for all practical purposes as a department of the City, and therefore has been included as an integral part of the primarygovernment.

The government‐wide financial statements can be found on pages 17‐18 of this report.

CITY OF KINGSBURG | JUNE 30, 2023
Management’s Discussion and Analysis
6 Fund Financial Statements
Fund Financial Statements provide more detailed information about the City’s most significant funds, not the City as a whole. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. Some funds are required to be established by State Law or by bond covenants.

Management establishes other funds to control and manage money for particular purposes or to show the City is meeting legal responsibilities for using certain taxes, grants, and other money. All the funds of the City can be classified as governmental, proprietary, and fiduciary.

Governmental Funds – Governmental funds are used to account for essentially the same functions reported as governmental activities in the government‐wide financial statements. However, unlike the government‐wide financial statements, governmental fund financial statements focus on the near‐term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. These funds are reported using an accounting method called modified accrual accounting, which measures cash and all other financial assets that can readily be converted to cash. Such information is useful in evaluating a governments near‐term financing requirement.

Because the focus of the governmental funds is narrower than that of the government‐wide financial statements, it is useful to compare the information presented for the governmental funds with similar information presented for governmental activities in the government‐wide financial statements. By doing so readers may better understand the long‐term impact of the government’s near‐term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide reconciliation between governmental funds and governmental activities. This reconciliation explains the relationship (or differences) between the fund statements and the government‐wide statements.

The City of Kingsburg maintains seventeen individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental statement of revenues, expenditures, and changes in fund balances for the General, Local Transportation Funds, Measure E, Capital Facilities, and Street Projects which are considered to be major funds. Data from the other funds are combined into a single aggregated presentation. Individual fund data for each of these non‐major governmental funds is provided in the form of combining statements elsewhere in this report.

The City adopts an annual appropriated budget for the City’s funds. A budgetary comparison schedule has been provided for the General Fund, Local Transportation Funds, Measure E Fund, Capital Facilities Fund, and Street Projects Fund to demonstrate compliance to this budget and can be found on pages 64‐68.

The governmental fund financial statements can be found on pages 20‐23 of this report.

Proprietary Funds – The City has three enterprise funds, Water, Disposal, and Ambulance/Fire, which are used to account for operations that financed and operated in a manner similar to private business enterprises. Enterprise funds are used to report the same functions represented as business‐type activities in the government‐wide financial statements. The City utilizes enterprise funds to account for those activities that are supported primarily by user charges to external users.

Proprietary funds provide the same type of information as the government‐wide financial statements, only in more detail.

The proprietary fund financial statements provide separate information for Water, Disposal, and Ambulance/Fire, all of which are major funds. The basic proprietary fund financial statements can be found on pages 24‐27 of this report.

Fiduciary Funds – The City uses fiduciary funds to account for resources held for the benefits of parties outside the City.

Fiduciary funds are not reflected in the government‐wide financial statements because the City cannot use these funds to finance its operations.

The basic fiduciary fund financial statements can be found on pages 28‐29 of this report.

CITY OF KINGSBURG | JUNE 30, 2023
Management’s Discussion and Analysis
7 Notes to the Basic Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the financial statements. The notes describe the nature of the City’s operations and significant accounting policies and provide clarification regarding unique financial information. The notes to the basic financial basic statements can be found on pages 31‐61 of this report.

Other Information
In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the City’s progress in funding its obligation to provide pension benefits to its employees. Required supplementary information can be found on pages 64‐72 of this report.

The statements referred to earlier in connection with non‐major governmental funds are presented immediately following the required supplementary information. Statements and schedules can be found on pages 77‐99 of this report.

Financial Highlights
Government‐wide financial highlights for the fiscal year ended :

I.    Statement of Net Position
Condensed Statement of Net Position
2023 2022
Assets 63,204,355 $             $          62,787,272 Government‐wide total assets at fiscal year ending June 30, 2023 increased by $417,083 which is .7% higher than fiscal year ending June 30, 2022 Liabilities 13,706,922 $             $          11,239,194 Government‐wide total liabilities at fiscal year ending June 30, 2023 increased by $2,467,728 which is 22.% higher than fiscal year ending June 30, 2022 Deferred
Outflows/Inflows of
Resources
$              3,520,878 $                 (55,006) Net of Deferred Outflows/Inflows of Resources ‐ Result of contribution to pension plan in current fiscal year, pension deferrals and loss of refunding of debt.

Net Position 53,018,311 $ $ 51,493,072 The Net Position (assets less liabilities) at fiscal year ending June 30, 2023 increased by $1,525,239 which is 3.% more than fiscal year ending June 30, 2022. The net position includes a net amount of $3,520,878 of deferred outflows/inflows of resources.

CITY OF KINGSBURG | JUNE 30, 2023
Management’s Discussion and Analysis
8 Statement of Net Position (Detail)
2023 2022 2023 2022 2023 2022
Assets:

Current and other assets 25,948,000 $ $ 25,061,748 $ (927,103) $ 1,269,393 $ 25,020,897 $ 26,331,141 Capital assets 26,100,054 23,649,312 12,083,404 12,806,819 38,183,458 36,456,131 Total assets 52,048,054 48,711,060 11,156,301 14,076,212 63,204,355 62,787,272 Deferred Outflows of Resources:

Total deferred outflows of resources 3,064,594 2,358,624 1,246,758 837,152 4,311,352 3,195,776 Liabilities:

Current and other liabilities 3,621,541 4,537,942 2,412,458 2,587,437 6,033,999 7,125,379 Long‐term liabilities 5,386,421 3,002,279 2,286,502 1,111,536 7,672,923 4,113,815 Total liabilities 9,007,962 7,540,221 4,698,960 3,698,973 13,706,922 11,239,194 Deferred Inflows of Resources:

Total deferred inflows of resources 551,149 2,373,238 239,325 877,544 790,474 3,250,782 Net Position:

Net investment in capital assets 24,377,392 21,610,067 10,488,898 10,993,329 34,866,290 32,603,396 Restricted 14,157,183 ‐ 14,632,157 ‐ 14,157,183 14,632,157 Unrestricted 7,018,962 4,914,001 (3,024,124) (656,482) 3,994,838 4,257,519 Total net position 45,553,537 $ $ 41,156,225 $ 7,464,774 $ 10,336,847 $ 53,018,311 $ 51,493,072 Governmental Activities Business‐Type Activities Total
Of the total net position, $34,866,290 or 66% is the City’s investment in capital assets (e.g., land, buildings and improvements, machinery and equipment and infrastructure) less any related debt used to acquire those assets that is still outstanding.

The Statement of Net Position reflects a net effect of $3,520,878 a separate section for deferred outflows of resources (asset) and a deferred inflow of resources (liability) for other pension related deferrals, and loss of refunding of debt.

GASB Statement No. 68 was issued to improve accounting and financial reporting by state and local governments for pensions. The net pension liability amount is $7,672,923 and is described in Note 10.

Almost all the City’s long‐term liabilities relate to the acquisition of capital assets. These capital assets are utilized to provide services to citizens and are not available for future spending. The repayment of the debt on these assets must be provided from other sources since the capital assets themselves cannot be used to liquidate these liabilities.

Restricted net position amounts to $14,157,183 or 27% of the total. Restricted net position represents resources that are subject to external restriction imposed by the State on how they may be used.

Unrestricted net position represents resources which may be used to meet the City’s ongoing commitments to citizens and creditors. Government activities unrestricted net position is $7,018,962 while the business‐type activities account for a deficit of $3,024,124. The City can only use this amount to finance the continuing operations of the Water, Disposal, and Ambulance/Fire.

Governmental Activities – Governmental activities account for $45,553,537 or 86% of the total government‐wide net position. This is an increase of $4,397,312 or 10% over the governmental net position ending balance due to an increase in transfers to move TCP Settlement revenues from Water Fund to General Fund attributed to recording the Fiber Optic Loan Program.

CITY OF KINGSBURG | JUNE 30, 2023
Management’s Discussion and Analysis
9 Changes in Net Position – Below is a current year recap of the changes in net position. The full Statement of Activities can be found on page 18.
2023 2022
Operating revenues $ 27,685,381 $ 29,181,052 Operating expenses 26,160,142 20,564,125 Increase in net position 1,525,239 8,616,927 Prior Period Adjustment ‐ 8,115 Net position, beginning of year 51,493,072 42,868,030 Net position, end of year $ 53,018,311 $ 51,493,072 Changes in Net Position (Detail)
2023 2022 2023 2022 2023 2022

REVENUES
Program revenues:

Charges for services 1,667,353 $ $ 3,272,677 $ 10,570,131 $ 8,982,299 $ 12,237,484 $ 12,254,976 Operating grants 2,473,952 2,561,100 2,130,047 1,114,407 4,603,999 3,675,507 Capital grants 1,490,462 ‐ 1,541,304 ‐ 1,490,462 1,541,304 General revenues:

Property taxes 2,113,382 ‐ 1,910,997 ‐ 2,113,382 1,910,997 Sales and use taxes 4,281,190 ‐ 4,331,303 ‐ 4,281,190 4,331,303 Other taxes 2,390,317 ‐ 2,240,898 ‐ 2,390,317 2,240,898 American Rescue Plan Act (ARPA) ‐ ‐ 2,896,491 ‐ ‐ 2,896,491 Gain on sale of assets ‐ ‐ ‐ 4,449 ‐ 4,449 Rent, interest and other 525,610 318,390 38,488 11,186 564,098 329,576 Total revenues 14,942,266 19,073,160 12,743,115 10,107,892 27,685,381 29,181,052

EXPENSES
General government 2,524,957                            ‐ 1,456,027                              ‐                                            2,524,957            1,456,027 Parks and community services 930,517                                   ‐ 550,782                              ‐                                               930,517                550,782 Public safety 5,678,130                            ‐ 4,841,942                              ‐                                            5,678,130            4,841,942 Public works 683,806                                   ‐ 580,540                              ‐                                               683,806                580,540 Highway and streets 1,363,268                            ‐ 1,006,648                              ‐                                            1,363,268            1,006,648 Planning and community 1,191,530                            ‐ 1,434,479                              ‐                                            1,191,530            1,434,479 Interest 69,661                                        ‐ 99,255                              ‐                                                  69,661                  99,255 Water                                 ‐ ‐                                          3,150,628            2,406,245               3,150,628            2,406,245 Disposal                                 ‐ ‐                                          2,643,750            2,052,251               2,643,750            2,052,251 Ambulance/fire                                 ‐ ‐                                          7,923,895            6,135,956               7,923,895            6,135,956 Total expenses             12,441,869            9,969,673          13,718,273          10,594,452             26,160,142          20,564,125 Increase (decrease) in net position
before transfers 2,500,397                           9,103,487               (975,158)              (486,560)               1,525,239            8,616,927 Transfers 1,896,915                             (575,000)           (1,896,915)                 ‐ 575,000                                 ‐ Increase (decrease) in net position 4,397,312                           8,528,487           (2,872,073)                  88,440               1,525,239            8,616,927 Net Position ‐ beginning of year 41,156,225                       32,627,738          10,336,847          10,240,292             51,493,072          42,868,030 Prior Period Adjustments                                 ‐ ‐                              ‐                                                  ‐ 8,115                                                    8,115 Net Position ‐ end of year 45,553,537 $           $       41,156,225 $         7,464,774 $       10,336,847 $          53,018,311 $       51,493,072 Governmental Activities Business‐Type Activities Total
Total governmental revenues for the year were $14,942,266 with charges for services comprising of 11% of the total revenue.  Taxes, which include property, sales and other taxes, account for $8,784,889 or 58% of the City’s governmental activities revenue. FY 2022 revenues included the American Rescue Plan Act (ARPA) funds received by the City.  Property taxes, transient occupancy taxes, and development related fees have all performed higher than forecasted.

CITY OF KINGSBURG | JUNE 30, 2023
Management’s Discussion and Analysis
10 Total governmental expenses for the year were $12,441,869. Public Safety accounts for $5,678,130 or 46% of the total governmental activity expenses, followed by Highways and Streets, Parks and Community Services, Public Works, General Government, and Planning and Community with $1,363,268, $930,517, $683,806, $2,524,957, $1,191,530 or 11%, 8%, 6%, 20%, 10% respectively. The increases in expenses are due to the transfers attributed to recording the Fiber Optic Loan Program. The city financed and provided for the infrastructure (conduit and fiber) construction utilizing a self‐funded loan (repaid at 4% interest) and $1M of ARPA funds.

Revenues by Source ‐ Governmental Activities
Cha rgesfor Services
11% Opera ting Grants
17%
Capi tal Grants
10%
Property Taxes
14%
Sales Taxes andUses
Taxes
29%
Other Taxes
16%
Rents,Interest&
Other
3%
Program revenues which include charges for services, grant revenues and developer capital contributions account for $5,631,767 or approximately 38% of the total governmental activity revenue. The amounts necessary to fully fund the governmental activity programs are made up by “general” revenues such as taxes, interest, and developer fees.

Business‐Type Activities
Business‐type activities account for $7,464,774 or 14% of the total government‐wide net position. This is a decrease of $2,872,073 or 28% compared to June 30, 2022. Charges for current services account for $10,570,131 or 83% of the total business‐type activity revenue (excluding transfers).

CITY OF KINGSBURG | JUNE 30, 2023
Management’s Discussion and Analysis
11 Revenues by Source ‐ Business‐Type Activities
Cha rgesfor Services

82.98%
Opera ting Grants &
Contributions

16.72%
Investment Earnings

0.30%
Operating Expenses and Operating Revenues‐Business Type Activities $2,499,543 $2,968,575 $1,435,712
$3,106,372
$2,643,750
$4,196,757
$‐
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
Water Disposal Ambulance/Fire
Operating Revenues Operating Expenses
In a review of the chart illustrating Operating Expenses and Operating Revenues, it can be noted that operating expenses exceeded operating revenues in Water by $606,829. Disposal operating revenues exceeded expenses by $324,825 due to an increase in disposal rates and Ambulance/Fire expenses exceeded operating revenues by approximately $2,761,045 for fiscal year ending June 30, 2023.

Financial Analysis
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance‐related legal requirements.

Governmental Funds – Most of the City’s basic services are reported in government funds. These funds focus on reporting the flow of money into and out of those funds and the balances left at year‐end that are available for spending. The ending fund balance for all governmental funds is $24,793,973 which is an increase of $1,630,937 or 7% when compared to the prior year balance (page 20). The increase in revenues is primarily due to an increase in revenue from sales tax, CITY OF KINGSBURG | JUNE 30, 2023
Management’s Discussion and Analysis
12 property tax, operating grants and other taxes. Of the total fund balance, $6,074,367 is unassigned, which is available for spending at the City’s discretion, within the limitations of the fund’s purpose. The remainder of the fund balance is reserved to indicate that it is not available for new spending because it has already been restricted and committed for the following:

Restricted
 Capital improvement projects   $7,786,257
 Circulation improvements   2,907,279
 Debt Service   1,618,266
 Public safety programs   1,270,982
 Land held for low and moderate housing 574,389
Committed
 Pension reserve   1,981,186
 Economic development   138,305
 Equipment reserve   604,427
The General Fund is the chief operating fund of the City.  As of June 30, 2023, the total fund balance of the General Fund was $11,047,989 with unassigned fund balance of $6,623,871.  The General Fund total fund balance increased $2,115,992 or 24% from the previous fiscal year.  New development increased, the City has approved nearly 500 new single family lots on several separate housing tracts (dating back to 2017).  To date, nearly 440 of those homes have been constructed, with the remainder currently in development.  The unassigned portion, as indicated, is available for spending at the City’s discretion.  The increase in the General Fund balance indicates that the General Fund had more revenues and transfers in than had expenditures and transfers out, which is most attributed to recording the Fiber Optic Loan Program.

Proprietary Funds. As indicated in the description, proprietary funds are enterprise funds. The City’s Water Fund ended the year with a positive unrestricted net position. The Disposal and Ambulance/Fire Funds ended the year with a negative unrestricted net position.

Fund Highlights
 The General Fund balance increased by $2,115,992 which is mostly due to a significant transfer of unrestricted settlement revenues from the City’s Water Fund.
 The Local Transportation Fund balance increased by approximately $346,643 which is mostly due to increased intergovernmental revenues from Sales tax (highway users tax and road maintenance and rehabilitation)  The Measure E fund balance decreased by approximately $768,319 which is attributable to increased expenditures related to capital outlay for the Police Department station remodel , police patrols cars, and police dual band radio upgrades as well as additional operating public safety expenditures due to the emergency operations plan for police and fire.
 The Capital Facilities fund noted an increase in fund balance of $202,240 which is mostly attributable to collection of development fees in excess of related capital outlays.  The Street Projects fund increased fund balance by $12,022 which is mostly attributable to significant capital project activity related to the Bethel/Sierra roundabout and the Madsen Avenue reconstruction projects.  The City’s nonmajor governmental fund balance decreased by $277,641 which is due to various activity, but included significant capital outlays and expenditures related to highways and street projects throughout the City.  The City’s Water fund net position decreased by $3,096,204 which is mostly attributable to a transfer of unrestricted settlement revenues to the General Fund.
 The Disposal fund net position increased by $324,825 which is mostly attributable to charges for services in excess of related operating expenses.
 The Ambulance/Fire fund net position decreased by $100,694 which is mostly attributable to operating expenses in excess of related charges to customers.

CITY OF KINGSBURG | JUNE 30, 2023
Management’s Discussion and Analysis
13 General Fund Budgetary Highlights
The Statement of Revenues, Expenditures and Changes in Fund Balance ‐ Budget to Actual General Fund on page 66 outlines the differences between the budget and actual numbers. The Final budget amount for General Fund expenditures totaled $7.7 million excluding transfers out. In comparison, actual expenditures excluding transfers out totaled $7.4 million. The variance in expenditures was $.3 million, which was largely due to the recording of the intergovernmental transfers from General Fund to the Surplus Allocation Fund and the Fire/Ambulance Fund. Total revenues were budgeted at $8.7 million; actual revenues in the General Fund were $7.4 with a variance of $1.3 million, which is due to the intergovernmental activity primarily recording the transfer for the TCP settlement revenues from Water Fund to General Fund.

Other Major Funds
Revenue in the Local Transportation fund came to $714,585. The revenue is primarily composed of intergovernmental revenues originating with the Fresno County Association of Governments.

Revenue in the Measure E Fund came to $2,711,189. The revenue is primarily composed of 1% public safety transaction and use tax. Revenues received are utilized only by our police and fire/EMS.

Capital Projects Fund accounting for the capital facilities and street projects revenue came to $1,950,042. The revenue is primarily composed of intergovernmental revenues and development fees.

Capital Assets and Debt Administration
Capital Assets – The City’s investment in capital assets for its governmental and business‐type activities as of June 30, 2023, amounts to $34,866,290 (net of depreciation). This investment in capital assets includes land, building and improvements, machinery and equipment, and infrastructure.

Major capital additions this year include the following:

Infrastructure 5,849,477 $
Machinery and equipment 121,614
Construction in progress (CIP) (3,063,128)
Capital Assets
(Net of Depreciation)
2023 2022 2023 2022 2023 2022
Land 587,014 $ $ 587,014 $ 83,216 $ 83,216 $ 670,230 $ 670,230 Buildings and improvements 2,343,883 2,059,448 9,959,673 10,501,833 12,303,556 12,561,281 Machinery and equipment 1,662,291 1,351,242 2,010,754 2,221,770 3,673,045 3,573,012 SBITA ‐ Right to use asset 72,108 ‐ ‐ 29,761 ‐ 101,869 Construction in progress 58,788 ‐ 3,121,916 ‐ 58,788 3,121,916 Infrastructure 21,375,970 ‐ 16,529,692 ‐ 21,375,970 16,529,692 Total 26,100,054 $ $ 23,649,312 $ 12,083,404 $ 12,806,819 $ 38,183,458 $ 36,456,131 Governmental Activities Business‐Type Activities Total
Additional information on the City’s capital assets can be found in Note 6 on pages 48‐49.

Long‐term Debt. The City’s long‐term debt as of June 30, 2023 was $3,282,891 with governmental activities accounting for $1,715,000 or 52% and business‐type activities accounting for $1,567,891 or 48%.

The City consolidated the PFA Revenue Bond 1991 & 1992 into the PFA Refunding Revenue Bonds Series 2015.   This resulted in a historically low interest rate with a net surplus to the City of $441,078.  Additionally, the City also refinanced the 2004 Lease Revenue Bond to the PFA 2015 Lease Revenue Refunding Bond.  This bond was rated by Standard & Poors and was given an AA‐ rating based on the City’s existing financial policies and fund balance strength, and with a low CITY OF KINGSBURG | JUNE 30, 2023
Management’s Discussion and Analysis
14 interest rate of 3.25%.   The City was able to greatly reduce annual obligations and improve overall cash flow to the Ambulance/Fire Fund (enterprise fund), as well as the Fire Capital Facilities Fund. 2023 2022 2023 2022 2023 2022
PFA Refunding Revenue Bonds, Series 2015 $                         ‐ $               ‐ 250,500 $                          ‐ $                            ‐ $                          $            250,500 PFA 2015 Lease Revenue Refunding Bonds 1,715,000                          ‐ 1,845,000                             ‐                                          1,715,000            1,845,000 CIEDB Water Loan                             ‐ ‐                                          1,567,891             1,675,293            1,567,891            1,675,293 Water Meter Finance Purchase                             ‐ ‐                               ‐                                              ‐ 138,197                                           138,197 Total 1,715,000 $          $          2,095,500 $         1,567,891 $          1,813,490 $         3,282,891 $         3,908,990 Governmental Activities Business‐Type Activities Total
Additional information on the City’s long‐term debt can be found in Note 8 on pages 51‐54.

Economic Factors and Next Year’s Budgets
The City’s annual budget is the legally adopted expenditure control document of the City. Budgetary comparison statements are required for the General Fund and all major special revenue funds and be found immediately following the Government‐wide financial statements in this Financial section of the ACFR. These statements compare the original adopted budget, the budget as amended throughout the fiscal year, and the actual expenditures for each fund, prepared on a budgetary basis. Budgets are prepared on the modified accrual basis of accounting consistent with GAAP, except that encumbrances are included in budgeted expenditures. The City Council has the legal authority to amend the budget of any fund at any time during the fiscal year. The budgetary legal level of control, the level on which expenditures may not legally exceed appropriations, is generally at the fund level. For budgeting purposes, the General Fund is composed of several departments while all other budgeted funds are considered a single department. Budgeted expenditures may be reallocated within a division and between divisions within a department without City Council approval.

The 2024 General Fund budget places an emphasis on public safety, infrastructure investments, support of economic development activities, and maintaining our 20% fund balance. Public Safety operations (Police, Fire/EMS) account for roughly 50% of the General Fund Budget. Roughly 90% of Fire/EMS operations are supported via a separate enterprise fund.

The public safety budget includes the staffing of 17 police positions (sworn and non‐sworn), while Measure E accounts for another 10 police positions, both sworn and non‐sworn. Given the city’s continued focus on economic development through recruiting and retaining businesses, our nine (9) incentive program(s) funding remains in place for the coming year.

Council policy, as set forth in Resolution No. 2018‐052, mandates that any surplus amount over the 20% balance of expenditures in the General Fund be transferred to three separate accounts, including an Economic Stabilization Fund (503), Equipment Reserve Fund (504) and CalPERS Unaccrued Liability Fund (502).

Other factors impacting local governments include changes to pension contribution rates. The City has begun saving one‐ time funds to help provide additional payments to reduce the long‐term liability. In addition, Council has adopted an ongoing resolution that directs surplus funding to a dedicated fund to help provide additional flexibility for pre‐payments.

The City has contributed additional discretionary payments to CalPERS in 2019 and 2021, with an expected long‐term interest savings of approximately $1.8M.

Requests for Information
The management’s discussion and analysis is designed to provide our citizens, taxpayers, customers, investors, and creditors with a general overview of the City’s finances and to show the City’s accountability for the money it receives. If you have questions about this report or need additional financial information, contact the Finance Director, City of Kingsburg, 1401 Draper Street, Kingsburg, CA 93631 Phone (559) 897‐5821. 15 BASIC FINANCIAL STATEMENTS
16 GOVERNMENT‐WIDE FINANCIAL STATEMENTS
CITY OF KINGSBURG | JUNE 30, 2023
Statement of Net Position
The notes to the basic financial statements are an integral part of this statement. 17 Governmental Business‐Type
Activities Activities Total
ASSETS
Cash and investments $ 16,056,290 $ 1,726,023 $ 17,782,313 Receivables (net of allowance for uncollectibles) 4,711,125 1,953,070 6,664,195 Land held for low and moderate housing projects 574,389 ‐ 574,389 Internal balances 4,606,196 ‐ (4,606,196) Capital assets, not being depreciated 645,802 83,216 729,018 Capital assets, net of accumulated depreciation 25,454,252 12,000,188 37,454,440 Total assets 52,048,054 11,156,301 63,204,355

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt 39,898 ‐ 39,898 Deferred outflows related to pensions 3,024,696 1,246,758 4,271,454 Total deferred outflows of resources 3,064,594 1,246,758 4,311,352

LIABILITIES
Accounts payable and accrued expenses 1,084,034 496,983 1,581,017 Accrued interest payable 27,712 19,468 47,180 Deposits ‐ 69,993 69,993 Unearned revenue ‐ 21,286 21,286 Long‐term liabilities:

Due within one year:

Compensated absences 320,390 144,375 464,765 SBITA ‐ Liability 20,172 6,062 26,234 Long‐term debt 135,000 110,602 245,602 Due in more than one year:

Compensated absences 356,852 135,839 492,691 SBITA ‐ Liability 39,378 20,554 59,932 Long‐term debt 1,568,010 1,457,289 3,025,299 Net pension liability 5,386,421 2,286,502 7,672,923 Total liabilities 9,007,962 4,698,960 13,706,922

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to pensions 551,149 239,325 790,474 Total deferred inflows of resources 551,149 239,325 790,474

NET POSITION
Net investment in capital assets 24,377,392 10,488,898 34,866,290 Restricted for:

Capital improvement projects 7,786,257 ‐ 7,786,257 Circulation improvements 2,907,279 ‐ 2,907,279 Debt service 1,618,266 ‐ 1,618,266 Public safety 1,270,992 ‐ 1,270,992 Land held for low and moderate
housing projects 574,389 ‐ 574,389 Unrestricted 7,018,962 (3,024,124) 3,994,838 Total net position $ 45,553,537 $ 7,464,774 $ 53,018,311 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Statement of Activities
The notes to the basic financial statements are an integral part of this statement. 18 Net (Expenses) Revenues and
Program Revenues Changes in Net Position
Operating Capital
Charges for Grants and Grants and Governmental Business‐Type FUNCTIONS/PROGRAMS: Expenses Services Contributions Contributions Activities Activities Total Primary government:

Governmental activities:

General government 2,524,957 $ $ ‐ 224,070 $ ‐ $ $ ‐ (2,300,887) $ $ (2,300,887) Parks and community services 930,517 286,581 39,221 55,742 ‐ (548,973) (548,973) Public safety 5,678,130 58,288 ‐ 441,594 ‐ (5,178,248) (5,178,248) Public works 683,806 5,430 ‐ 7,974 ‐ (670,402) (670,402) Highway and streets 1,363,268 ‐ 1,774,350 1,427,590 ‐ 1,838,672 1,838,672 1,191,530 1,092,984 210,813 7,130 ‐ 119,397 119,397 Interest and fiscal charges ‐ 69,661 ‐ ‐ ‐ (69,661) (69,661) Total governmental activities 12,441,869 1,667,353 2,473,952 1,490,462 ‐ (6,810,102) (6,810,102) Business‐type activities:

Water 3,150,628 ‐ 2,499,543 ‐ ‐ (651,085) (651,085) Disposal 2,643,750 ‐ 2,968,575 ‐ ‐ 324,825 324,825 Ambulance/Fire 7,923,895 5,102,013 ‐ 2,130,047 ‐ (691,835) (691,835) Total business‐type activities 13,718,273 10,570,131 ‐ 2,130,047 ‐ (1,018,095) (1,018,095) Total primary government $ 26,160,142 $ 12,237,484 $ 4,603,999 $ 1,490,462 (6,810,102) (1,018,095) (7,828,197) General revenues:

Property taxes 2,113,382              ‐                                          2,113,382 Sales and use taxes 4,281,190              ‐                                          4,281,190 Franchise taxes 610,913                 ‐                                             610,913 Transient occupancy taxes 419,730                 ‐                                             419,730 Motor vehicle in‐lieu 1,359,674              ‐                                          1,359,674 Investment earnings 485,955                                  38,488                524,443 Miscellaneous 39,655                                               ‐                  39,655 Gain on sale of assets                             ‐                     4,449                     4,449 Transfers            1,896,915            ‐ (1,896,915) Total general revenues and transfers          11,207,414           (1,853,978)            9,353,436 Change in net position 4,397,312                         (2,872,073)             1,525,239 Net position ‐ beginning          41,156,225          10,336,847          51,493,072 Net position ‐ ending $       45,553,537 $         7,464,774 $       53,018,311 Planning and community
19 FUND FINANCIAL STATEMENTS
CITY OF KINGSBURG | JUNE 30, 2023
Governmental Funds
Balance Sheet
The notes to the basic financial statements are an integral part of this statement. 20 Special Revenue Funds
Capital
Projects Funds
General
Local
Transportation  Measure E  Capital Facilities  Street Projects Nonmajor
Governmental
Funds
Total
Governmental
Funds
ASSETS
Cash and investments $          4,469,889 $          1,775,043 $             763,433 $           ‐ 5,202,139 $                           $          3,845,786 $        16,056,290 Receivables 2,371,161                                  8,144                465,840                  25,275             1,377,084                463,621             4,711,125 Due from other funds              ‐ 4,931,577                              ‐                              ‐                              ‐                              ‐                                          4,931,577 Advances to other funds                              ‐ ‐                              ‐                              ‐                              ‐                                          1,715,000             1,715,000 Land held for low and moderate housing projects                             ‐ ‐                             ‐                             ‐                             ‐                                            574,389                574,389 Total assets $       11,772,627 $         1,783,187 $         1,229,273 $         5,227,414 $         1,377,084 $         6,598,796 $       27,988,381

LIABILITIES
Accounts payable and accrued expenses 655,254 $ $ 36,408 $ ‐ 140,418 $ $ 43,507 $ 208,447 $ 1,084,034 Due to other funds ‐ ‐ ‐ ‐ 1,419,958 620,423 2,040,381 Deposits ‐ 69,384 ‐ ‐ ‐ 609 69,993 Total liabilities 724,638 36,408 ‐ 140,418 1,463,465 829,479 3,194,408

FUND BALANCES
Nonspendable:

Notes receivable ‐ 1,833,036 ‐ ‐ ‐ 1,833,036 Restricted for:

Capital improvements ‐ ‐ ‐ ‐ 5,227,414 2,558,843 7,786,257 Circulation improvements ‐ ‐ 1,746,779 ‐ ‐ 1,160,500 2,907,279 Debt service ‐ ‐ ‐ ‐ ‐ 1,618,266 1,618,266 Public safety ‐ ‐ ‐ 1,088,855 182,137 1,270,992 Land held for low and moderate ‐ housing projects ‐ ‐ ‐ ‐ ‐ 574,389 574,389 Park improvements ‐ ‐ ‐ ‐ ‐ ‐ Committed to:

Pension reserve ‐ 1,981,186 ‐ ‐ ‐ ‐ 1,981,186 Economic development ‐ ‐ ‐ ‐ ‐ 138,305 138,305 Equipment reserve ‐ 604,427 ‐ ‐ ‐ ‐ 604,427 Assigned to:

Subsequent year budget deficit ‐ 5,469 ‐ ‐ ‐ ‐ 5,469 Unassigned ‐ 6,623,871 ‐ ‐ (86,381) (463,123) 6,074,367 Total fund balances (deficits) 11,047,989 1,746,779 1,088,855 5,227,414 (86,381) 5,769,317 24,793,973 Total liabilities and fund balances (deficits) $ 11,772,627 $ 1,783,187 $ 1,229,273 $ 5,227,414 $ 1,377,084 $ 6,598,796 $ 27,988,381 CITY OF KINGSBURG | JUNE 30, 2023
Reconciliation of the Governmental Funds Balance Sheet to the Government‐Wide Statement of Net Position The notes to the basic financial statements are an integral part of this statement. 21 Total fund balances ‐ governmental funds 24,793,973 $ Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the governmental funds. 26,100,054 Losses related to the refunding of debt were recognized in the governmental funds, but are capitalized and amortized over the life of the debt in the statement of net position. 39,898
Long‐term liabilities are not due and payable in the current period and, therefore, are not reported as liabilities in the governmental funds. Long‐ term liabilities at year‐end consist of:

Revenue bonds            (1,703,010)
Subscription based information technology arrangements                 (59,550) Compensated absences               (677,242)
Net pension liability            (5,386,421)            (7,826,223) Pension related deferrals are reported as deferred outflows and inflows of resources on the statement of net position.              2,473,547 Interest on long‐term debt is reported as an expenditure of the governmental funds when paid because it requires the use of current financial resources; however, accrued interest must be recorded in the government‐wide financial statements when incurred.                (27,712) Net position of governmental activities $       45,553,537 Amounts reported for governmental activities in the statement of net position are different because:

CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Governmental Funds
Statement of Revenues, Expenditures and Changes in Fund Balances The notes to the basic financial statements are an integral part of this statement. 22 Special Revenue Funds
Capital
Projects Funds
General
Local
Transportation Measure E Capital Facilities Street Projects Nonmajor
Governmental
Funds
Total
Governmental
Funds

REVENUES
Taxes $ ‐ 4,610,194 $ $ ‐ 2,676,961 $ ‐ $ $ 138,305 $ 7,425,460 Licenses and permits ‐ 638,982 ‐ ‐ ‐ ‐ 638,982 Intergovernmental 1,398,222 ‐ 667,912 ‐ 1,427,590 1,980,944 5,474,668 Charges for services ‐ 420,569 ‐ ‐ ‐ ‐ 420,569 Fines and forfeitures ‐ 6,696 ‐ ‐ ‐ ‐ 6,696 Development fees 169,385 ‐ ‐ ‐ 366,956 120,262 656,603 Use of money and property 90,758 46,673 34,228 155,496 158,800 485,955 Other revenues ‐ 33,643 ‐ ‐ ‐ 6,012 39,655 Total revenues 7,368,449 714,585 2,711,189 522,452 1,427,590 2,404,323 15,148,588

EXPENDITURES
Current:

General government 2,537,928 ‐ ‐ ‐ ‐ 2,537,928 Parks and community services 566,227 ‐ ‐ ‐ ‐ 176,788 743,015 Public safety 2,812,572 ‐ ‐ 2,462,278 ‐ 279,433 5,554,283 Public works 541,756 ‐ ‐ ‐ ‐ ‐ 541,756 Highway and streets ‐ ‐ 154,001 ‐ ‐ 679,370 833,371 Planning and community
development ‐ 593,467 ‐ ‐ 22,500 30,230 646,197 Capital outlay 422,134 213,941 1,017,230 297,712 1,415,568 805,189 4,171,774 Debt service:

Principal ‐ 7,725 ‐ ‐ 380,500 388,225 Interest and fiscal charges ‐ ‐ ‐ ‐ ‐ 65,292 65,292 Total expenditures 7,481,809 367,942 3,479,508 320,212 1,415,568 2,416,802 15,481,841 Excess (deficiency) of revenues over
(under) expenditures (113,360) 346,643 (768,319) 202,240 12,022 (12,479) (333,253)

OTHER FINANCING SOURCES/(USES)
Proceeds from debt 67,275 ‐ ‐ ‐ ‐ 67,275 Transfers in 2,830,162 ‐ ‐ ‐ ‐ 65,000 2,895,162 Transfers out ‐ (668,085) ‐ ‐ ‐ (330,162) (998,247) Total other financing sources (uses) ‐ 2,229,352 ‐ ‐ ‐ (265,162) 1,964,190 Net change in fund balances 2,115,992 346,643 (768,319) 202,240 12,022 (277,641) 1,630,937 Fund balances ‐ beginning 8,931,997 1,400,136 1,857,174 5,025,174 (98,403) 6,046,958 23,163,036 Fund balances ‐ ending $ 11,047,989 $ 1,746,779 $ 1,088,855 $ 5,227,414 $ (86,381) $ 5,769,317 $ 24,793,973 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Governmental Funds
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government‐Wide Statement of Activities
The notes to the basic financial statements are an integral part of this statement. 23 Amounts reported for governmental activities in the statement of activities are different because:

Net change in fund balances ‐ total governmental funds 1,630,937 $ Governmental funds report capital outlay as expenditures. However, in the statement of activities, the cost of these assets is allocated over their estimated useful lives and reported as depreciation expense. In the current period, these amounts are:

Capital outlay              3,506,189
Depreciation and amortization expense             (1,142,720) Compensated absences expense reported in the statement of activities does not require the use of current financial resources; therefore, it is not reported as an expenditure in the governmental funds.                (148,224)
Changes to net pension liability and pension related deferred outflows and inflows of resources do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.                  147,274 The issuance of long‐term debt (e.g., bonds) provides current financial resources to the governmental funds, while the repayment of the principal of long‐term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Also, governmental funds report the effect of issuance costs, premiums, discounts, and similar items when debt is first issued; whereas these amounts are deferred and amortized in the statement of activities. The increases (decreases) for long‐term debt and related items are listed below:

Principal payments on long‐term debt 388,225 Issuance of long‐term debt 20,000
Amortization of the loss on refunding of debts (3,359) Amortization of bond discounts (1,010) Change in net position of governmental activities $ 4,397,312 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Proprietary Funds
Statement of Proprietary Net Position
The notes to the basic financial statements are an integral part of this statement. 24 Business‐Type Activities — Enterprise Funds
Water Disposal Ambulance/Fire Total
ASSETS
Current assets:

Cash and investments $ ‐ 1,726,023 $ ‐ $ $ 1,726,023 Receivables (net of allowance for uncollectibles) 169,841 242,637 1,540,592 1,953,070 Total current assets 1,895,864 242,637 1,540,592 3,679,093 Noncurrent assets:

Capital assets
net of accumulated depreciation ‐ 8,252,972 3,830,432 12,083,404 Total noncurrent assets ‐ 8,252,972 3,830,432 12,083,404 Total assets 10,148,836 242,637 5,371,024 15,762,497

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to pensions 420,647 155,732 670,378 1,246,757 Total deferred outflows of resources 420,647 155,732 670,378 1,246,757

LIABILITIES
Current liabilities:

Accounts payable and accrued expenses 121,084 202,348 173,551 496,983 Accrued interest payable 19,468 ‐ ‐ 19,468 Due to other funds ‐ 253,010 2,638,186 2,891,196 Unearned revenues ‐ ‐ 21,286 21,286 Compensated absences 44,471 21,473 78,431 144,375 SBITA ‐ liability 6,062 ‐ ‐ 6,062 Current portion of long‐term debt ‐ 110,602 ‐ 110,602 Total current liabilities 301,687 498,117 2,890,168 3,689,972 Noncurrent liabilities:

Advances from other funds ‐ ‐ 1,715,000 1,715,000 Compensated absences 13,578 6,549 115,712 135,839 SBITA ‐ liability 20,553 ‐ ‐ 20,553 Long‐term debt 1,457,289 ‐ ‐ 1,457,289 Net pension liability 819,742 301,425 1,165,335 2,286,502 Total noncurrent liabilities 2,311,162 307,974 2,996,047 5,615,183 Total liabilities 2,612,849 806,091 5,886,215 9,305,155

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to pensions 102,790 38,369 98,166 239,325 Total deferred inflows of resources 102,790 38,369 98,166 239,325

NET POSITION
Net investment in capital assets 6,658,466 ‐ 3,830,432 10,488,898 Unrestricted 1,195,378 (446,091) (3,773,411) (3,024,124) Total net position (deficit) $ 7,853,844 $ (446,091) $ 57,021 $ 7,464,774 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Proprietary Funds
Statement of Revenues, Expenses and Changes in Proprietary Net Position The notes to the basic financial statements are an integral part of this statement. 25 Business‐Type Activities — Enterprise Funds
Water Disposal Ambulance/Fire Total
OPERATING REVENUES:

Charges for services $ 2,499,543 $ 2,968,575 $ 1,435,712 $ 6,903,830 Total operating revenue 2,499,543 2,968,575 1,435,712 6,903,830 OPERATING EXPENSES:

Contractual services and utilities 1,383,930 2,277,748 1,299,308 4,960,986 Personnel services 988,228 325,501 2,417,385 3,731,114 Supplies and materials 59,573 40,501 226,631 326,705 Depreciation and amortization ‐ 674,641 253,433 928,074 Total operating expenses 3,106,372 2,643,750 4,196,757 9,946,879 Operating income (loss) (606,829) 324,825 (2,761,045) (3,043,049) NONOPERATING REVENUES (EXPENSES):

Interest income 38,488 ‐ ‐ 38,488 Grants ‐ ‐ 2,130,047 2,130,047 Interest and fiscal charges ‐ (44,256) (56,388) (100,644) Total nonoperating revenues (expenses) ‐ (5,768) 2,073,659 2,067,891 Net income (loss) before transfers (612,597) 324,825 (687,386) (975,158) Transfers in 16,393 ‐ 586,692 603,085 Transfers out (2,500,000) ‐ ‐ (2,500,000) Change in net position (3,096,204) 324,825 (100,694) (2,872,073) Net position (deficits), beginning 10,950,048 (770,916) 157,715 10,336,847 Net position (deficit) ‐ ending $ 7,853,844 $ (446,091) $ 57,021 $ 7,464,774 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Proprietary Funds
Statement of Cash Flows
The notes to the basic financial statements are an integral part of this statement. 26 Water Disposal Ambulance/Fire Total
Cash flows from operating activities:

Receipts from customers and users 2,561,567 $ $ 2,899,862 $ 1,405,762 $ 6,867,191 Payments to suppliers for goods and services (1,465,883) (2,271,400) (1,525,893) (5,263,176) Payments to or on behalf of employees for services (811,202) (282,859) (2,475,300) (3,569,361) Net cash provided by (used for) operating activities 284,482 345,603 (2,595,431) (1,965,346) Cash flows from noncapital financing activities:

Transfers to other funds ‐ (2,500,000) ‐ (2,500,000) Transfers from other funds ‐ 16,393 586,692 603,085 Interfund loan activity ‐ (345,603) 145,735 (199,868) Noncapital grant revenue ‐ ‐ 2,130,047 2,130,047 Net cash provided by noncapital
financing activities (2,483,607) (345,603) 2,862,474 33,264 Cash flows from capital and related financing activities:

Acquisition of capital assets (124,008) ‐ (80,655) (204,663) Principal paid on long‐term debt (218,984) ‐ ‐ (218,984) Interfund loan repayment (35,000) ‐ (130,000) (165,000) Interest and fiscal charges ‐ (59,374) (56,388) (115,762) Net cash provided by (used for) capital and related
financing activities ‐ (437,366) (267,043) (704,409) Cash flows from investing activities:

Interest on investments ‐ 38,488 ‐ 38,488 Net cash provided by investing activities ‐ 38,488 ‐ 38,488 Net increase (decrease) in cash and cash equivalents (2,598,003) ‐ ‐ (2,598,003) Cash and cash equivalents ‐ beginning ‐ 4,324,026 ‐ 4,324,026 Cash and cash equivalents ‐ ending $ 1,726,023 ‐ $ ‐ $ $ 1,726,023 Business‐Type Activities — Enterprise Funds
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Proprietary Funds
Statement of Cash Flows
(Continued)
The notes to the basic financial statements are an integral part of this statement. 27 Total
Enterprise
Water Disposal Ambulance/Fire Funds
Reconciliation of operating income (loss) to net
cash provided by (used for) operating activities:

Operating income (loss) (606,829) $ $ 324,825 $ (2,761,045) $ (3,043,049) Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:

Depreciation and amortization 674,641 ‐ 253,433 928,074 (Increase) decrease in:

Accounts receivable, net 62,024 (68,713) (29,950) (36,639) Deferred outflows of resources from pensions (216,537) (67,508) (125,560) (409,605) Increase (decrease) in:

Accounts payable and accrued expenses (22,380)                                           46,849                              46                      24,515 Compensated absences 13,939                                              6,443                      14,229                      34,611 Net pension liability 547,460                                        183,250                    444,256                 1,174,966 Deferred inflows of resources from pension                  (167,836)                    (79,543)                  (390,840)                  (638,219) Net cash provided by (used for) operating activities $                284,482 $                345,603 $           (2,595,431) $           (1,965,346) Business‐Type Activities
CITY OF KINGSBURG | JUNE 30, 2023
Fiduciary Funds
Statement of Fiduciary Net Position
The notes to the basic financial statements are an integral part of this statement. 28 Successor
Agency of the
Redevelopment
Agency Private‐
Purpose Trust
ASSETS Fund
Cash and investments 67,128 $
Other assets                      17,266
Total assets                      84,394

LIABILITIES
Accrued interest payable 922
Deposits 11,750
Total liabilities 12,672

NET POSITION
Restricted for:

Redevelopment agency dissolution $ 71,722 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Fiduciary Funds
Statement of Changes in Fiduciary Net Position
The notes to the basic financial statements are an integral part of this statement. 29 Successor
Agency of the
Redevelopment
Agency Private‐
Purpose Trust
Fund

ADDITIONS
Taxes $ ‐
Total additions ‐

DEDUCTIONS
Interest and fiscal charges                        1,580 Total deductions                        1,580
Net (decrease) in fiduciary net position (1,580)
Net position ‐ beginning                      73,302
Net position ‐ ending $                  71,722
30 NOTES TO THE BASIC FINANCIAL STATEMENTS
CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
31 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the City of Kingsburg, California (the City) have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units.  The Governmental Accounting Standards Board (GASB) is the accepted standard‐setting body for governmental accounting and financial reporting principles.  The most significant of the government’s accounting principles are described below.

These financial statements present the government and its component units, entities for which the City is considered to be financially accountable. Blended component units are, in substance, part of the government’s operations, even though they are legally separate entities. Thus, blended component units are appropriately presented as funds of the primary government. There is a blended component unit included in these financial statements and it has a June 30 year‐ end. There are no discretely presented component units included in these financial statements. The following sections further describe the significant policies of the City.

A. Reporting Entity
The City was incorporated as a general law city in 1908. The City operates under a Council‐Manager form of government.

The City’s major operations include public safety, public works, water and disposal, parks and recreation, building inspection, public improvements, planning and community development, and general administrative services.

The accompanying basic financial statements include the financial activities of the City, the primary government, and its blended component unit, the Kingsburg Joint Powers Authority (KJPA). Financial information for the City and its component units is accounted for in the accompanying financial statements in accordance with principles defining the governmental reporting entity adopted by the GASB. The KJPA was established June 30, 1990 through a Joint Exercise of Powers Agreement. The formation of the joint powers authority was approved by the City Council who is also designated as the Board of Directors for the KJPA. The City Manager is appointed Secretary with the City staff providing all support services. The purpose of the KJPA is solely to provide funds from the sale of revenue bonds to finance or refinance the costs of various projects for the City. The City set up the KJPA to act as a financing/lending type institution only. The KJPA/City legislative meetings are held concurrently. The KJPA is reported as a debt service fund and does not issue separate financial statements.

B. Basis of Presentation – Fund Accounting
Government‐Wide Financial Statements – The Statement of Net Position and the Statement of Activities display information about the primary government (the City) and its component units. These statements include the financial activities of the overall government, except for fiduciary activities. Eliminations have been made to minimize the double‐ counting of internal activities. These statements distinguish between the governmental and business‐type activities of the City. Governmental activities generally are financed through taxes, intergovernmental revenues, and other non‐exchange transactions. Business‐type activities are financed in whole or in part by fees charged to external parties.

The Statement of Activities presents a comparison between direct expenses and program revenues for each different identifiable activity of the City’s business‐type activities and for each function of the City’s governmental activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are included in the program expense reported for individual functions. Certain indirect costs, which cannot be identified and broken down, are included in the program expense reported for individual functions and activities. Amounts reported as program revenues include: 1) charges to customers or applicant who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions (including special assessments) that are restricted to meeting the operational or capital requirements of a particular function or segment. All taxes, including those dedicated for specific purposes, and other internally dedicated resources are reported as general revenues rather than as program revenues.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
32 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) B. Basis of Presentation – Fund Accounting (Continued)
Fund Financial Statements – The fund financial statements provide information about the City’s funds, including its fiduciary funds and blended component units. Separate statements for each fund category – governmental, proprietary, and fiduciary – are presented. The emphasis of fund financial statements is on major governmental and enterprise funds, each displayed in a separate column. All remaining governmental and enterprise funds are aggregated and reported as non‐major funds. Major individual governmental and enterprise funds are reported as separate columns in the fund financial statements.

Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities. A fund is a separate accounting entity with a self‐ balancing set of accounts.

The City reports the following major governmental funds:

The General Fund is the general operating fund of the City. It is used for all financial resources except those required legally, or by sound financial management to be accounted for in another fund. Generally, the General Fund is used to account for those traditional governmental services of the City, such as police and fire protection, planning and general administrative services.

The Local Transportation Fund accounts for revenues received and expenditures made for use on certain transportation and transit projects within Fresno County. Financing is generated from a one‐quarter percent sales and use tax made pursuant to the California Transportation Development Act (TDA). Expenditures of these moneys must be made in accordance with TDA provisions.

The Measure E Fund accounts for apportioned local sales tax revenues used exclusively to hire police officers, firefighters, and paramedics, and to replace outdated equipment.

The Capital Facilities Fund is used to account for the AB1600 fees received to help the City mediate the cost of growth in the City. These fees are collected from developers to construct facilities related to arterial streets, fire facilities, police facilities, city hall facilities, public works facilities and special recreation facilities.

The Street Projects Fund is used to account for related street construction and maintenance.

Proprietary fund financial statements include a Statement of Net Position, a Statement of Revenues, Expenses and Changes in Net Position, and a Statement of Cash Flows for each major enterprise fund.

The City has three major enterprise funds, the Water, Disposal, and Ambulance/Fire, which are used to account for operations that are financed and operated in a manner similar to private business enterprises. In an enterprise fund, the intent of the City Council is that costs (expenses, including depreciation) of providing services to the general public, on a continuing basis, be financed or recovered primarily through user charges.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
33 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) B. Basis of Presentation – Fund Accounting (Continued)
The City reports the following major enterprise funds:

The Water Fund is used to account for financial activity of the water utility system.

The Disposal Fund is used to account for the financial activity of the solid waste collection and disposal utility system.

The Ambulance/Fire Fund is used to account for the financial activity of the Ambulance/Fire activities.

Additionally, the City reports the following private‐purpose fund type:

The Successor Agency of the Redevelopment Agency Private‐Purpose Trust Fund accounts for assets and liabilities of the former redevelopment agency until they are distributed to other units of state and local government as a result of the dissolution of the redevelopment agency.

During the course of operations, the government has activity between funds for various purposes. Any residual balances outstanding at year‐end are reported as due from/to other funds and advances to/from other funds. While these balances are reported in fund financial statements, certain eliminations are made in the preparation of the government‐ wide financial statements. Balances between the funds included in the government activities are eliminated so that only the net amount is included as internal balances in the governmental activities column. Similarly, balances between the funds included in business‐type activities (i.e., the enterprise funds) are eliminated so that only the net amount is included as internal balances in the business‐type activities column. Interfund services provided and used are not eliminated in the process of consolidation.

Further, certain activity occurs during the year involving transfers of resources between funds. In fund financial statements these amounts are reported at gross amounts as transfers in/out. While reported in fund financial statements, certain eliminations are made in the preparation of the government‐wide financial statements. Transfers between the funds included in governmental activities are eliminated so that only the net amount is included as transfers in the governmental activities’ column. Similarly, balances between the funds included in business‐type activities are eliminated so that only the net amount is included as transfers in the business‐type activities column.

C. Measurement Focus and Basis of Accounting
The accounting and financial reporting treatment is determined by the applicable measurement focus and basis of accounting. Measurement focus indicates the type of resources being measured such as current financial resources or economic resources. The basis of accounting indicates the timing of transactions or events for recognition in the financial statements.

The government‐wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
34 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Measurement Focus and Basis of Accounting (Continued) The governmental fund financial statements are reported using current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available.

Revenues are considered to be available when they are collectible with the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences are recorded only when payment is due. General capital asset acquisitions are reported as expenditures in governmental funds. Issuance of long‐term debt and acquisitions under finance purchases are reported as other financing sources.

Property taxes, sales taxes, franchise taxes, licenses, and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenue of the current fiscal period. Entitlements are recorded as revenue when all eligibility requirements are met, including any time requirements, and the amount is received during the period or within the availability period for this revenue source (within 60 day of the year‐end).

Expenditure‐driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other eligibility requirements have been met, and the amount is received during the period. All other revenue items are considered to be measurable and available only when cash is received by the City.

The proprietary funds and the private‐purpose trust fund are reported using the economic resources measurement focus and the accrual basis of accounting.

Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues, such as charges for services, result from exchange transactions associated with the principal activity of each fund. Nonoperating revenues, such as interest income, state and federal grants, and subsidies, result from nonexchange transactions or ancillary activities. Operating expenses include costs for providing services and delivering goods such as administrative expenses and depreciation on capital assets. All other expenses not meeting this definition are reported as nonoperating expenses.

D. Budgetary Information
Budgetary and Budgetary Accounting
Annual budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund, special revenue funds, capital funds, debt service funds and enterprise funds.

The City, in establishing the budgetary data reflected in the basic financial statements and supplementary information, utilizes the following procedures:
 The City Manager submits to the City Council a proposed budget for the fiscal year commencing the following July 1. The budget includes proposed expenditures and the means of financing them.  The City Council reviews the proposed budget at specially scheduled sessions, which are open to the public. The Council also conducts a public hearing on the proposed budget to obtain comments from interest persons.  Prior to July 1, the budget is legally adopted through passage of an ordinance.  The budget is amended during the fiscal year to reflect all transfers and amendments.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
35 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. Budgetary Information (Continued)
The appropriated budget is prepared by fund, department, and account. The City’s department heads may make transfers of appropriations within a department. The City Manager is authorized to make budget transfers between departments within funds. All revisions must be reported to the City Council. Transfer of appropriations between funds required the approval of the City Council. The legal level of budgetary control (i.e., the level at which expenditures may not legally exceed appropriations) is the department level.

All annual appropriations lapse at fiscal year‐end to the extent they have not been expended.

The actual results of operations compared to the appropriations adopted by the City Council for budgeted major governmental funds are included in the fund financial statements. The comparisons of actual results with budget for nonmajor funds are presented as supplemental information in the combining schedules.

E. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position/Fund Balance Cash and Cash Equivalents – Cash and cash equivalents represent the City’s cash bank accounts including, but not limited to, certificates of deposit, money market funds and cash management pools for reporting purposes in the Statement of Cash Flows. Additionally, investments with maturities of three months or less when purchased are included as cash equivalents in the Statement of Cash Flows.

The City maintains a cash and investment pool that is available for use by all funds. Interest earnings as a result of this pooling are distributed to the appropriate funds based on month‐end cash balances in each fund.

Investments of the pool include only those investments authorized by the California Government Code such as United Stated Treasury securities, agencies guaranteed by the United States Government, registered state warrants, and other investments. Investments primarily consist of deposits in the State of California Local Agency Investment Fund.

Investments are stated at cost or amortized cost.

Accounts Receivable – Billed, but unpaid, services provided to individuals or non‐governmental entities are recorded as accounts receivable. The proprietary funds include a year‐end accrual for services through the end of the fiscal year which have not yet been billed. Accounts receivable are reported net of an allowance for uncollectible accounts.

Property Tax Calendar – Fresno County is responsible for the assessment, collection and apportionment of property taxes for all taxing jurisdictions. Property taxes are levied in equal installments on November 1 and February 1. They become delinquent on December 10 and April 10, respectively. The lien date is January 1 of each year. Property taxes are accounted for in the General Fund. Property tax revenues are recognized when they become measurable and available to finance current liabilities. The City considers property taxes as available if they are collected within 60 days after the year‐ end. Property taxes on the unsecured roll are due on July 1 and become delinquent if unpaid on August 31. However, unsecured property taxes are not susceptible to year‐end accrual.

The City is permitted by Article XIIIA of the State of California Constitution (known as Proposition 13) to levy a maximum tax of $1.00 per $100 of full cash value.

Due From/To Other Funds – Items classified as due from/to other funds represent short‐term lending/borrowing transactions between funds. This classification also includes the current portion of an advance to or from another fund.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
36 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) E. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position/Fund Balance (Continued) Advances To/From Other Funds – This classification represents noncurrent portions of any long‐term lending/borrowing transactions between funds. This amount will be equally offset by a reserve of fund balance which indicates that it does not represent available financial resources and, therefore, is not available for appropriation.

Land Held for Low and Moderate Housing Projects – Land acquired for future sale are shown as land held for low and moderate housing projects in the accompanying financial statements. Land held for low and moderate housing projects is carried at the lower of cost or net realizable value.

Capital Assets – Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks, and similar items), are reported in the applicable governmental or business‐type activities column in the Government‐wide Statement of Net Position and the proprietary funds’ Statement of Net Position. Capital assets are defined by the government as assets with an initial individual cost of more than $5,000 and an estimated useful life in excess of one year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed.

Donated capital assets are recorded at acquisition value at the date of donation. Capital outlays are recorded as expenditures of the governmental funds and as assets in the government‐wide financial statements to the extent the City’s capitalization threshold is met. Major outlays for capital assets and improvements are capitalized as projects are constructed. Interest incurred during the construction phase of capital assets of business‐type activities is included as part of the capitalized value of the assets constructed.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Betterments and major improvements which significantly increase values, change capacities or extend useful lives are capitalized. Upon sale or retirement of capital assets, the cost and related accumulated depreciation are removed from the respective accounts and any resulting gain or loss is included in the results of operations.

Land and construction in progress are not depreciated. The other property, plant, equipment, and infrastructure of the primary government, as well as the component units, are depreciated using the straight‐line method over the following estimated useful lives:

Buildings and improvements ..................................10‐50 years Plant system............................................................20‐40 years Machinery and equipment........................................5‐10 years Infrastructure ............................................................... 40 years Interest Payable – In the government‐wide financial statements, interest payable on long‐term debt is recognized as the liability is incurred for governmental fund‐types and proprietary fund‐types. In the fund financial statements, proprietary fund‐types recognize the interest payable when the liability is incurred.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
37 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) E. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position/Fund Balance (Continued) Subscription‐Based Information Technology Arrangements (SBITAs) Lessee: The City enters into noncancellable Subscription‐Based Information Technology Arrangements (SBITAs) for the acquisition of various information technology services. SBITAs are accounted for in accordance with GASB Statement No.

96. Upon commencement of a subscription, the City recognizes a subscription liability and an intangible right‐to‐use subscription asset (subscription asset) in the government‐wide financial statements. Subscription liabilities are recognized when their initial individual values are $25,000 or more. The subscription liability is initially measured at the present value of payments expected to be made during the subscription term and is subsequently reduced by the principal portion of subscription payments made. The subscription asset is initially measured as the initial amount of the subscription liability, adjusted for subscription payments made at or before the subscription commencement date, and any directly attributable initial costs. The subscription asset is amortized on a straight‐line basis over its useful life.

Key estimates and judgments related to SBITAs include determining the discount rate used to discount expected subscription payments to present value, the subscription term, and the composition of subscription payments.  The City generally uses the interest rate charged by the subscription provider as the discount rate. When the interest rate charged by the provider is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for SBITAs, which is the prime rate at the inception of the subscription.  The subscription term includes the noncancellable period of the subscription and subscription payments that the City is reasonably certain to make.
 The measurement of subscription liability excludes any variable payments such as payments based on the number of user seats unless they depend on an index or a rate or are fixed in substance.

The City monitors changes in circumstances that would require a remeasurement of its SBITAs and will remeasure the subscription asset and liability if certain changes occur that are expected to significantly affect the amount of the subscription liability. Subscription assets are reported with other intangible assets, and subscription liabilities are reported as liabilities on the Statement of Net Position.

This disclosure provides information on the accounting policies related to SBITAs in accordance with GASB Statement No. 96 and should be read in conjunction with the accompanying financial statements.

Long‐term Obligations – In the government‐wide financial statements, proprietary fund types in the fund financial statements, and private‐purpose trust fund statements, long‐term debt and other long‐term obligations are reported as liabilities in the applicable governmental activities, business‐type activities, or proprietary fund‐type Statement of Net Position. Initial‐issue bond premiums and discounts are deferred and amortized over the life of the bonds using the straight‐line method. Offering costs are expensed when incurred. Bonds payable are reported net of the unamortized portion of applicable premium or discount. Deferred amounts on refunding are reported as deferred outflows of resources. Bond issuance costs, including underwriters’ discount, are expensed when incurred. Amortization of bond premiums or discounts and deferred amounts on refunding are included in interest expense.

In the governmental funds financial statements, bond premiums, discounts, and issuance costs are recognized during the period issued. The face amount of debt issued is reported as other financing sources. Premiums received are reported as other financing sources, while discounts are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. Interest and principal payments are reported as debt service expenditures.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
38 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) E. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position/Fund Balance (Continued) Leases – Lessee ‐ The lessee recognizes a lease liability and an intangible right‐to‐use lease asset (lease asset) in the government‐wide financial statements. The City recognizes lease liabilities with an initial, individual value of $5,000 or more. At the commencement of a lease, the City initially measures the lease liability at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease payments made. The lease asset is initially measured as the initial amount of the lease liability, adjusted for lease payments made at or before the lease commencement date, plus certain initial direct costs. Subsequently, the lease asset is amortized on a straight‐line basis over its useful life.

Key estimates and judgments related to leases include how the City determines (1) the discount rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease payments.  The City uses the interest rate charged by the lessor as the discount rate. When the interest rate charged by the lessor is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for leases, which it has determined is the prime rate at the inception of the lease.  The lease term includes the noncancellable period of the lease. Lease payments included in the measurement of the lease liability are composed of fixed payments.

The City monitors changes in circumstances that would require a remeasurement of its lease and will remeasure the lease asset and liability if certain changes occur that are expected to significantly affect the amount of the lease liability. Lease assets are reported with other capital assets and lease liabilities are reported with long‐ term debt on the Statement of Net Position.

Lessor: The City recognizes a lease receivable and a deferred inflow of resources in the government‐wide and governmental and enterprise fund financial statements.

At the commencement of a lease, the City initially measures the lease receivable at the present value of payments expected to be received during the lease term. Subsequently, the lease receivable is reduced by the principal portion of lease payments received. The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflow of resources is recognized as revenue over the life of the lease term.

Key estimates and judgments include how the City determines (1) the discount rate it uses to discount the expected lease receipts to present value, (2) lease term, and (3) lease receipts.  The City uses the interest rate charged to the lessees as the discount rate. When the interest rate charged to the lessees is not provided, the City generally uses the implied rate of return as the discount rate for leases. When the implied rate of return has not been determined, the City uses its estimated incremental borrowing rate which it has determined is the prime rate at the inception of the lease.  The lease term includes the non‐cancellable period of the lease. Lease receipts included in the measurement of the lease receivable are composed of fixed payments from the lessee.

The City monitors changes in circumstances that would require a remeasurement of its lease, and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
39 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) E. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position/Fund Balance (Continued) Unearned Revenue ‐ Unearned revenue is that for which asset recognition criteria have been met, but for which revenue recognition criteria have not been met. The City typically records intergovernmental revenues (primary grants and subventions) received but not earned (qualifying expenditures not yet incurred).

Unavailable Revenue ‐ In the fund financial statements, unavailable revenue is recorded when transactions have not yet met the revenue recognition criteria based on the modified accrual basis of accounting. The City records unavailable revenue for transactions for which revenues have been earned, but for which funds are not available to meet current financial obligations.

Pensions ‐ For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the City of Kingsburg’s California Public Employees’ Retirement System (CalPERS) plan (Plan) and additions to/deductions from the Plan’s fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms.

Investments are reported at fair value.

Compensated Absences ‐ Accumulated unpaid vacation benefits are accrued as a liability as the benefits are earned. The entire compensated absence liability is reported on the government‐wide financial statements as long‐term debt. For governmental funds, the current portion of unpaid compensated absences is recognized upon the occurrence of relevant events such as employee resignations and retirements that occur prior to year‐end that have not yet been paid with expendable available financial resources. These amounts are reported in the fund from which the employees who have accumulated leave are paid.

Sick leave is accumulated at 15 days per year for full‐time regular employees. Vacation is accumulated at 12 days per year for full‐time regular employees with less than five years of service to a maximum of 25 days per year for full‐time regular employees with over 20 years of service with no limit on accrual of unused hours. Upon employment termination, unused sick leave is paid out at 50% for less than 20 years of service and 75% for more than 20 years of service. These amounts are included as liabilities in the government‐wide and enterprise fund financial statements.

Net Position ‐ In the government‐wide financial statements, net position is classified in the following categories:

Net investment in capital assets – This category groups all capital assets, including infrastructure, into one component of net position. Accumulated depreciation and the outstanding balances of debt that are attributable to the acquisition, construction or improvement of these assets reduce this category.

Restricted net position – This category presents external restrictions imposed by creditors, grantors, contributors or laws or regulations of other governments and restrictions imposed by law through constitutional provisions or enabling legislation.

Unrestricted net position – This category presents the net position of assets that do not meet the definition of “net investment in capital assets” or “restricted net position”.

When both restricted and unrestricted net position are available, restricted resources are depleted first before the unrestricted resources are used.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
40 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) E. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position/Fund Balance (Continued) Fund Balances ‐ The governmental fund financial statements present fund balances based on classifications that comprise a hierarchy that is based primarily on the extent to which the City is bound to honor constraints on the specific purposes for which amounts in the respective governmental funds can be spent. The classifications used in the governmental fund financial statements are as follows:

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

Restricted ‐ This classification includes amounts for which constraints have been placed on the use of the resources either (a) externally imposed by creditors (such as through a debt covenant), grantors, contributors, or laws or regulations of other governments, or (b) imposed by law through constitutional provisions or enabling legislation.

Committed ‐ This classification includes amounts that can be used only for specific purposes pursuant to constraints imposed by formal action of the City Council. These amounts cannot be used for any other purpose unless the City Council removes or changes the specified use by taking the same type of action (resolution) that was employed when the funds were initially committed. This classification also includes contractual obligations to the extent that existing resources have been specifically committed for use in satisfying those contractual requirements.

Assigned ‐ This classification includes amounts that are constrained by the City’s intent to be used for a specific purpose but are neither restricted nor committed. This intent can be expressed by the City Council or through the City Council delegating this responsibility to the Finance Director through the budgetary process. This classification also includes the remaining positive fund balance for all governmental funds except for the General Fund.

Unassigned ‐ This classification is the residual classification for the General Fund and represents fund balance that has not been assigned to other funds and that has not been restricted, committed or assigned to specific purposes within the general fund. In other governmental funds it includes any negative residual amounts that may exist as a result of expenditures incurred for specific purposes in excess of amounts restricted, committed or assigned to those purposes.

The City would typically use restricted resources first, followed by committed resources, and then assigned resources, as appropriate opportunities arise, but reserves the right to selectively spend unassigned resources first to defer the use of these other classified funds.

Stabilization Arrangement – The Economic Stabilization Fund (Stabilization Fund) was established by Resolution No. 2018‐052 and adopted by City Council on July 18, 2018. Additions to the stabilization amount are a result of the General Fund’s surplus above the 20% appropriations for a given year. The Stabilization Fund is then allocated 15% of the given year’s surplus funding.

The Stabilization Fund was created to help stabilize future budgets in instance of lower than anticipated revenues (including more volatile revenues). Use of the funds would be only with the approval of Council. The balance of the Stabilization Fund as of June 30, 2023 is $861,427 which is included in the General Fund’s unassigned fund balance.

Encumbrances – The City does not use encumbrance accounting.

Use of Estimates – The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
41 NOTE 2 – STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
A. Deficit Fund Equity
The following is a summary of deficit fund balances and net position as of June 30, 2023:

Governmental Funds
Major Funds:

Street Projects $ 86,381
Nonmajor Special Revenue Funds:

Senior Center                202,629
Park Improvements                  57,539
School Resource Officer                202,955
Enterprise Funds
Major Funds:

Disposal Fund $ 446,091
The deficit fund balance in the Street Projects, Senior Center Fund, School Resource Officer Fund and Parks Improvement Fund, is due to excess expenditures over revenues. The deficit will be eliminated through a transfer of resources from other funds or through future periods with revenues in excess of expenditures.

The deficit fund balances in the Disposal Fund is due to operating expenditures exceeding operating revenues. Future revenues are expected to offset this deficit.

NOTE 3 – CASH AND INVESTMENTS
The City pools all of its cash and investments except those funds required to be held by bond trustee or outside fiscal agents under the provisions of bond indentures. Interest income earned on pooled cash is allocated to the various funds on average cash balances. Interest income from cash investments held by bond trustee is credited directly to the related funds.

Cash and investments as of June 30, 2023 are classified in the accompanying financial statements as follows:

Statement of net position:

Cash and investments ‐ unrestricted 17,782,313 $
Fiduciary funds:

Cash and investments 67,128
Total cash and investments $ 17,849,441
CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
42 NOTE 3 – CASH AND INVESTMENTS (Continued)
Cash and investments as of June 30, 2023 consist of the following:

Cash on hand 1,050 $
Deposits with financial institutions 836,419
Investments:

Local Agency Investment Fund              9,322,440
CalClass             7,689,532
Total cash and investments $        17,849,441
A. Investments Authorized by the California Government Code and the City’s Investments Policy The table below identifies the investment types that are authorized for the City by the California Government Code (or the City’s investments policy, where more restrictive).   The table also identifies certain provisions of the California Government Code (or the City’s investment policy, where more restrictive) that address interest rate risk, credit risk, and concentration of credit risk.  The City’s investment policy does not contain any specific provisions intended to limit the City’s exposure to interest rate risk, credit risk, and concentration of credit risk.  This table does not address investments of debts proceeds held by bond trustee that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City’s investment policy.

Maximum Maximum
Maximum Percentage Investment in
Authorized Investment Type Maturity of Portfolio One Issuer Local Agency Bonds 5 years None None
U.S. Treasury Obligations 5 years None None
U.S. Agency Securities 5 years None None
Banker's Acceptances 180 days 40% 30%
Commercial Paper 270 days 25% 10%
Negotiable Certificates of Deposit 5 years 30% None
Repurchase Agreements   1 year None None
Reverse Repurchase Agreements   92 days 20% None
Medium‐Term Notes 5 years 30% None
Mutual Funds N/A 20% 10%
Money Market Mutual Funds N/A 20% 10%
Mortgage Pass‐Through Securities 5 years 20% None
County Pooled Investment Funds N/A None None
Local Agency Investment Fund (LAIF) N/A None None
JSA Pools (other investment pools) N/A None None
CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
43 NOTE 3 – CASH AND INVESTMENTS (Continued)
B. Investments Authorized by Debt Agreements
Investment of debt proceeds held by bond trustee are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy.   The table below identifies the investment types that are authorized for investments held by bond trustee.  The table also identifies certain provisions of these debt agreements that address interest rate risk, credit risk, and concentration of credit risk.

Maximum Maximum
Maximum Percentage Investment in
Authorized Investment Type Maturity of Portfolio One Issuer U.S. Treasury Obligations None None None
U.S. Agency Securities None None None
Banker's Acceptances 180 days None None
Commercial Paper 270 days None None
Money Market Mutual Funds N/A None None
C. Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment.

Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. The City manages its exposure to interest rate risk by investing funds in liquid, short‐term investments which can be converted to cash when necessary to meet disbursement requirements.

Information about the sensitivity of the fair values of the City’s investments to market interest rate fluctuations is provided by the following schedule that shows the distribution of the City’s investments by maturity:
12 Months 13 to 24 25 to 60 More than 60
Investment Type Total or Less Months Months Months
Local Agency Investment Fund 9,322,440 $ $ ‐ 9,322,440 $ ‐ $ ‐ $ CalClass 7,689,532 ‐ 7,689,532 ‐ ‐ Total $ 17,011,972 $ 17,011,972 ‐ $ ‐ $ ‐ $ Remaining Maturity (in Months)
CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
44 NOTE 3 – CASH AND INVESTMENTS (Continued)
D. Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment.

This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required (where applicable) by the California Government Code, the City’s investment policy, or debt agreements, and the actual rating as of year‐end for each investment type. The column marked “exempt from disclosure” identifies those investment types for which GASB Statement No. 40 does not require disclosure as to credit risk:

Exempt from
Investment Type Total Disclosure A‐1+ AAAm Not Rated
Local Agency Investment Fund $ ‐ 9,322,440 $ ‐ $ ‐ $ $ 9,322,440 CalClass ‐ 7,689,532 ‐ ‐ 7,689,532 Total $ 17,011,972 ‐ $ ‐ $ $ 7,689,532 $ 9,322,440 Rating as of Year‐End
E. Concentration of Credit Risk
The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code. At June 30, 2023, the City did not have any investments in any one issuer (other than U.S. Treasury securities, mutual funds, and external investment pools) that represent 5% or more of total City investments.

F. Custodial Credit Risk‐Deposits
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in possession of an outside party. The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits, other than the following provisions for deposits:

At June 30, 2023, the carrying amount of the City’s deposits was $836,419. Bank balances before reconciling items were $913,628 at that date, the total amount of which was collateralized or insured with securities held by the pledging financial institutions in the City’s name as discussed below.

The California Government Code requires California banks and savings and loan associations to secure the City’s cash deposits by pledging securities as collateral. This code states that collateral pledged in this manner shall have the effect of perfecting a security interest in such collateral superior to those of a general creditor. Thus, collateral for cash deposits is considered to be held in the City’s name.

According to California law, the fair value of pledged securities with banking institutions must equal at least 110% of the City’s cash deposits. California law also allows institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the City’s total cash deposits. The City may waive collateral requirements for cash deposits, which are fully insured up to $250,000 by the Federal Deposit Insurance Corporation. The City, however, has not waived the collateralization requirements.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
45 NOTE 3 – CASH AND INVESTMENTS (Continued)
G. Custodial Credit Risk‐Investments
The custodial risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of its investments or collateral securities that are in possession of another party. The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for investments. With respect to investments, custodial credit risk generally applies only to direct investments in marketable securities. Custodial credit risk does not apply to the City’s indirect investment in securities through the use of mutual funds or government investments pools such as the Local Agency Investment Fund (LAIF).

H. Investment in State Investment Pool
The City is a voluntary participant in the LAIF that is regulated by the California Government Code under the oversight of the Treasurer of the State of California. The fair value of the City’s investments in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro‐rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis.

I. Investment in California Class Investment Pool (CalClass) The City maintains an investment in the California CLASS investment pool (CalClass). California CLASS is a Joint Powers Authority and is managed to comply with the requirements of California Government Code Section 53601. CalClass invests in various money market securities, including U.S. Treasury securities, U.S. agencies, and other related securities.

The investment seeks to maintain a stable $1.00 net asset value per share. All participants are voluntary, and the net asset value of the fund is calculated daily using a mark‐to‐market methodology. The value of the pool shares which may be withdrawn is determined on an amortized cost basis, which is different than the fair value of the City’s portion in the pool.

J. Investment Valuation
The City categorizes the fair value measurements of its investments based on the hierarchy established by generally accepted accounting principles. The fair value hierarchy, which has three levels, is based on the valuation inputs used to measure an asset’s fair value: Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs.

The majority of the City’s investments, which are allocated at fair value, are in a State of California Local Agency Investment Fund (LAIF). LAIF invests in numerous types of investments ranging all levels in the fair value hierarchy.

Accordingly, LAIF is not an investment type that can be categorized in any particular level in the fair value hierarchy.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
46 NOTE 4 – RECEIVABLES
Receivables as of June 30, 2023 consisted of the following for the governmental funds:

General
Local
Transportation
Fund Measure E Capital Facilities Street Projects
Other
Governmental
Funds
Total
Governmental
Funds
Receivables:

Taxes $ ‐ ‐ $ ‐ $ ‐ $ ‐ $ $ 88 $ 88 Intergovernmental 516,990 8,144 465,840 25,275 1,377,084 463,533 2,856,866 Notes ‐ 1,833,036 ‐ ‐ ‐ ‐ 1,833,036 Interest ‐ 21,135 ‐ ‐ ‐ ‐ 21,135 Receivables 2,371,161 $ $ 8,144 $ 465,840 $ 25,275 $ 1,377,084 $ 463,621 $ 4,711,125 Notes receivables as identified above are not expected to be fully collected within a year and have been classified as noncurrent.

Receivables as of June 30, 2023 consisted of the following for the proprietary funds:

Water Disposal Ambulance/Fire
Total
Proprietary
Funds
Receivables:

Accounts 217,916 $ $ 299,372 $ 2,902,072 $ 3,419,360 Less: Allowance for doubtful accounts (48,075) (56,735) (1,361,480) (1,466,290) Receivables, net $ 169,841 $ 242,637 $ 1,540,592 $ 1,953,070 NOTE 5 – INTERFUND ACTIVITIES
A. Due From/To Other Funds
Due from/to other funds balances as of June 30, 2023 are as follows:

Due From Due To
Governmental Funds
Major Funds:

General Fund 4,931,577 $ ‐ $
Kingsburg Public Finance Authority Debt Service Fund ‐ 96,734 Nonmajor Funds:

Senior Center Special Revenue Fund ‐ 211,122 Park Improvements ‐ 18,713 School Resource Officer Special Revenue Fund ‐ 293,854 Street Projects Capital Projects Fund ‐ 1,419,958 Enterprise Funds
Major Funds:

Disposal Fund ‐ 253,010 Ambulance/Fire Fund ‐ 2,638,186 Total $ 4,931,577 $ 4,931,577
The “due from” balances in the funds listed above represents loans made to other funds to cover operating cash deficits and are expected to be collected in the subsequent year.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
47 NOTE 5 – INTERFUND ACTIVITIES (Continued)
B. Advances From/To Other Funds
The Kingsburg Joint Powers Authority issued revenue bonds and used the bond proceeds to acquire qualified obligations of the City of Kingsburg to finance various capital improvements and projects. These advances carry a stated interest rate and have scheduled debt service payments. They are not expected to be repaid within one year. The long‐term interfund loan balances as of June 30, 2023 are as follows:

Advances From Advances To
Governmental Funds
Major Funds:

Kingsburg Joint Powers Authority Debt Service Fund $ ‐ 1,715,000 $ Enterprise Funds
Major Funds:

Ambulance/Fire Enterprise Fund ‐ 1,715,000 Total $ 1,715,000 $ 1,715,000
C. Interfund Transfers
The composition of interfund transfers for the year ended June 30, 2023 is as follows:

Transfer In Transfer Out
Governmental Funds
Major Funds:

General Fund 2,830,162 $ $ 668,085 Nonmajor Fund:

Senior Center Special Revenue Fund ‐ 65,000 COPS Grant Special Revenue Fund ‐ 330,162 Enterprise Funds
Major Funds:

Water Enterprise Fund 16,393 2,500,000 Ambulance/Fire Enterprise Fund ‐ 586,692 Total $ 3,498,247 $ 3,498,247
A description of the City’s significant transfers is noted below:
(1) The General fund transferred approximately $587,000 to the Ambulance/Fire enterprise fund and $65,000 to the Senior Center special revenue fund to cover operating deficits. (2) The COPS Grant special revenue fund transferred approximately $330,000 to the General fund to cover costs of officers reported in General Fund expenses.
(3) The Water fund transferred $2,500,000 of unrestricted settlement revenues to the General Fund for future uses.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
48 NOTE 6 – CAPITAL ASSETS
Capital assets activity of the governmental activities for the year ended June 30, 2023 is as follows:

Balances Balances
July 1, 2022 Additions Deletions June 30, 2023
Governmental Activities:

Capital assets not being depreciated:

Land $ ‐ 587,014 $ ‐ $ $ 587,014 Construction in progress 3,121,916 1,555,680 (4,618,808) 58,788 Total capital assets, not being depreciated 3,708,930 1,555,680 (4,618,808) 645,802 Capital assets, being depreciated:

Buildings and improvements 5,312,093 ‐ 455,322 5,767,415 Infrastructure 21,460,412 ‐ 5,394,155 26,854,567 Machinery and equipment 4,051,405 719,839 (3,989) 4,767,255 SBITA ‐ Right to use asset ‐ ‐ 87,274 87,274 Total capital assets, being depreciated 30,823,910 6,656,590 (3,989) 37,476,511 Less accumulated depreciation for:

Buildings and improvements (3,252,645) ‐ (170,887) (3,423,532) Infrastructure (4,930,720) ‐ (547,877) (5,478,597) Machinery and equipment (2,700,163) (408,790) 3,989 (3,104,964) SBITA ‐ Right to use asset ‐ ‐ (15,166) (15,166) Total accumulated depreciation (10,883,528) (1,142,720) 3,989 (12,022,259) Total capital assets being depreciated, net 19,940,382 ‐ 5,513,870 25,454,252 Governmental activities capital assets, net $ 23,649,312 $ 7,069,550 $ (4,618,808) $ 26,100,054 Depreciation expense is charged to governmental functions as follows:

Governmental activities:

General government 33,173 $
Parks and community services 100,927
Highways and streets 591,601
Public safety 417,019
Total $ 1,142,720
CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
49 NOTE 6 – CAPITAL ASSETS (Continued)
Capital assets activity of the business‐type activities for the year ended June 30, 2023 is as follows:

Restated
Balances Balances
July 1, 2022 Additions Deletions June 30, 2023
Business‐Type Activities:

Capital assets, not being depreciated:

Land $ ‐ 83,216 $ ‐ $ $ 83,216 Total capital assets, not being depreciated ‐ 83,216 ‐ 83,216 Capital assets, being depreciated:

Buildings, improvements and plants ‐ 15,889,255 ‐ 15,889,255 Machinery and equipment 4,600,484 ‐ 170,119 4,770,603 SBITA ‐ Right to use asset ‐ ‐ 34,340 34,340 Total capital assets, being depreciated 20,489,739 ‐ 204,459 20,694,198 Less accumulated depreciation for:

Buildings, improvements and plants (5,387,422) ‐ (542,160) (5,929,582) Machinery and equipment (2,378,714) ‐ (381,135) (2,759,849) SBITA ‐ Right to use asset ‐ (4,579) ‐ (4,579) Total accumulated depreciation (7,766,136) ‐ (927,874) (8,694,010) Total capital assets being depreciated, net 12,723,603 ‐ (723,415) 12,000,188 Business‐type activities capital assets, net $ 12,806,819 $ ‐ (723,415) $ $ 12,083,404 Depreciation expense is charged to business‐type functions as follows:

Business‐type activities:

Water $          674,641
Ambulance/Fire             253,233
Total $          927,874
CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
50 NOTE 7 – SUBSCRIPTION BASED INFORMATION TECHNOLOGY ARRANGEMENTS (SBITAS) AS A LESSEE In fiscal year 2023, the City’s General Fund entered into a three‐year SBITA as lessee for management software.  An initial SBITA liability was recorded in the amount of $32,934 during fiscal year 2023. As of June 30, 2023, the value of the SBITA liability was $32,934. The City is required to make annual principal and interest payments of $16,000 and $20,000, respectively. The SBITA has an interest rate of 6.25%. The software has a three‐year subscription term. The value of the right‐to‐use software as of the end of the current fiscal year was $42,347 and had accumulated amortization of $10,587.

In accordance with GASB 96, certain variable and other payments are not included in the measurement of the subscription liability. There were no outflows of resources recognized in the reporting period for variable and other payments.

In fiscal year 2023, the City entered into a five‐year SBITA as lessee for enterprise content management software, which has been recorded in the General and Water Fund. An initial SBITA liability was recorded in the amount of $68,681 during fiscal year 2023. As of June 30, 2023, the value of the SBITA liability was $53,231. The City is required to make annual principal and interest payments of $15,450. The SBITA has an interest rate of 6.25%. The software has a five‐year subscription term. The value of the right‐to‐use software as of the end of the current fiscal year was $59,523 and had accumulated amortization of $9,157. In accordance with GASB 96, certain variable and other payments are not included in the measurement of the subscription liability. There were no outflows of resources recognized in the reporting period for variable and other payments.

The future principal and interest SBITA payments as of June 30, 2023, are as follows:

Governmental Activities
SBITA
Fiscal Years Ending
June 30 Principal Interest Total
2024 20,172 $ $ 5,216 $ 25,388 2025 25,264 3,745 29,009 2026 6,843 1,764 8,607 2027 7,271 909 8,180 Totals 59,550 $ $ 11,634 $ 71,184 Business‐Type Activities
SBITA
Fiscal Years Ending
June 30 Principal Interest Total
2024 6,062 $ ‐ $ $ 6,062 2025 6,440 3,327 9,767 2026 6,843 2,569 9,412 2027 7,270 1,764 9,034 Totals 26,615 $ $ 7,660 $ 34,275 CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
51 NOTE 8 – LONG‐TERM DEBT
The City generally incurs long‐term debt to finance projects or purchase assets which will have useful lives equal to or greater than the related debt.

In government fund‐types, debt discounts and issuance costs are recognized in the current period. Debt discounts and issuance costs incurred in proprietary funds are deferred and amortized over the term of the debt using the bonds‐ outstanding method, which approximates the effective interest method. The City’s debt activities are summarized below and discussed in detail thereafter:

Amounts
Balances Balances Due Within
July 1, 2022 Additions Deletions June 30, 2023 One Year Governmental Activities Long‐Term Debt:

Direct Placement:

Bonds Payable:

PFA Refunding Revenue Bonds, Series 2015 $ ‐ 250,500 $ $ ‐ (250,500) $ ‐ $ Total Direct Placements: ‐ 250,500 ‐ (250,500) ‐ Direct Borrowings:

Bonds Payable:

PFA 2015 Lease Revenue Refunding Bonds 1,845,000 ‐ (130,000) 1,715,000 135,000 Unamortized bond discounts ‐ (13,000) 1,010 ‐ (11,990) Total Direct Borrowings: ‐ 1,832,000 (128,990) 1,703,010 135,000 Compensated absences 529,018 430,600 (282,376) 677,242 320,390 Total governmental activities debt 2,611,518 430,600 (661,866) 2,380,252 455,390 Business‐Type Activities Long‐Term Debt:

Direct Borrowings:

CIEDB water loan ‐ 1,675,293 (107,402) 1,567,891 110,602 Water meter finance purchase ‐ 138,197 ‐ (138,197) ‐ Total Direct Borrowings: ‐ 1,813,490 (245,599) 1,567,891 110,602 Compensated absences 245,603 210,207 (175,596) 280,214 144,375 Total business‐type activities debt 2,059,093 210,207 (421,195) 1,848,105 254,977 Total long‐term debt $ 4,670,611 $ 640,807 $ (1,083,061) $ 4,228,357 $ 710,367 The liability for compensated absences will be liquidated by the fund in which the employees’ salaries are charged. The governmental activities liability is made up of 95% in the General Fund and 5% in the Gas Tax fund.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
52 NOTE 8 – LONG‐TERM DEBT (Continued)
Long‐term debt at June 30, 2023 was comprised of the following individual issues:

A. Governmental Activities
Kingsburg Joint Powers Authority Refunding Revenue Bonds, Series 2015 – On April 28, 2015, the City issued $1,439,100 in direct placement revenue bonds with interest rate of 2.85% payable semi‐annually. The bonds were to refund $945,000 of outstanding Kingsburg Public Finance Authority Revenue Bonds, Series 1991 and $1,215,000 of outstanding Kingsburg Public Finance Authority Revenue Bonds, Series 1992. These bonds are payable from assessments on the property owners within the district and are payable from other funds of the City. The principal payments range from $162,400 to $250,500 and are due annually through fiscal year 2023.

There is a provision in the note whereby in an event of default the Kingsburg Joint Powers Authority, with written consent by the insurer, may declare the unpaid principal and accrued interest and related expenses to be due and payable immediately if the City is unable to make payment.

The final payment on the debt was made during the year.

Kingsburg Public Joint Powers Authority 2004 Lease Revenue Bonds, Fire Department Facilities – On August 1, 2004, the City issued $3,395,000 in revenue bonds to construct a new satellite fire/ambulance station and to remodel the current station. On May 14, 2015, the City issued Kingsburg Joint Powers Authority 2015 Lease Revenue Refunding Bonds, Fire Department Facilities Refunding Project to refund the outstanding amount of $1,845,000.

Kingsburg Joint Powers Authority 2015 Lease Revenue Refunding Bonds, Fire Department Facilities Refunding Project – On May 14, 2015, the City issued $2,700,000 in direct borrowing lease revenue bonds with interest rates range from 2.0% to 3.5% payable semi‐annually. The bonds were to refund $2,685,000 of outstanding Kingsburg Public Financing Authority 2004 Lease Revenue Bonds, Fire Department Facilities. These bonds are payable from fees for ambulance services. The principal payments in amounts from $125,000 to $850,000 are due annually through fiscal year 2034.

There is a provision in the bond agreement whereby in an event of default the Kingsburg Joint Powers Authority, with written consent by the insurer, may declare the unpaid principal and accrued interest and related expenses to be due and payable immediately if the City is unable to make payment.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
53 NOTE 8 – LONG‐TERM DEBT (Continued)
A. Governmental Activities (Continued)
Annual debt service requirements to maturity for Kingsburg Joint Powers Authority 2015 Lease Revenue Refunding Bonds, Fire Department Facilities Refunding Project are as follows:

Fiscal Year Ending Principal Interest Total
2024 135,000 $ $ 52,413 $ 187,413 2025 140,000 48,638 188,638 2026 140,000 44,963 184,963 2027 150,000 40,788 190,788 2028 150,000 36,288 186,288 2029‐2033 820,000 104,469 924,469 2034 180,000 3,150 183,150 Subtotal 1,715,000 330,709 2,045,709 Unamortized Bonds Discount ‐ (11,990) (11,990) Total $ 1,703,010 $ 330,709 $ 2,033,719 B. Business‐Type Activities
CIEDB Water Loan – On August 31, 2004, the City, as purchaser, entered into an installment sale agreement with the California Infrastructure and Economic Development Bank (CIEDB), as seller, of a water system upgrade. As part of the agreement, CIEDB agreed to design, acquire and construct the project for, and sell the project to, the purchaser. In order to implement these provisions, the CIEDB appointed the City as its agent for the purpose of such design, acquisition and construction. The City has pledged all net system revenues to repay the CIEDB Loan. The agreement after the 2011 amendment, in the amount not to exceed $3,147,396, bears interest at 2.98% with semi‐annual payments on August 1 and February 1. Under the terms of the agreement, CIEDB issued tax‐exempt bonds to be used for the funding of the project.

There is a provision in the loan agreement whereby in an event of default the CIEDB may declare the unpaid principal and accrued interest and related expenses to be due and payable immediately if the City is unable to make payment or if the City seeks reorganization or arrangement under federal or state bankruptcy laws.

Annual debt service requirements for the CIEDB Water Loan are as follows:

Fiscal Year Ending Principal Interest Total
2024 $ 110,602 $ 45,076 $ 155,678 2025 113,898 41,730 155,628 2026 117,293 38,286 155,579 2027 120,788 34,738 155,526 2028 124,387 31,085 155,472 2028‐2032 679,796 96,703 776,499 2033‐2035 301,127 9,039 310,166 Total $ 1,567,891 $ 296,657 $ 1,864,548 CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
54 NOTE 8 – LONG‐TERM DEBT (Continued)
B. Business‐Type Activities (Continued)
Water Meter Finance Purchase – On September 27, 2012, the City, as a lessee entered into a equipment finance purchase agreement with the Government Capital Corporation, as lessor, for purchase and installation of 1,800 water meters. The agreement bears interest at 3.36% with annual payments of $142,839 on September 1st.

The finance purchase agreement is secured by the water meters and include provisions whereby in an event of default the lessor can demand immediate payment of the outstanding principal and interest, or that the City return the financed meters at the cost of the City.

The final payment on the Water Meter Finance Purchase was made during the year.

Financed equipment included under in capital assets at June 30, 2023, included the following:

Water meters $         1,660,689
Less: Accumulated depreciation          (1,107,127)
Water meters, net of depreciation $           553,562
NOTE 9 – DEFERRED OUTFLOWS/INFLOWS OF RESOURCES
In addition to assets, the Statement of Financial Position will sometimes report a separate section for deferred outflows of resources.  This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to future periods and thus, will not be recognized as an outflow of resources (expense/expenditure) until then.  Accordingly, deferred inflows of resources represent an acquisition of net assets that applies to future periods.

The City has a loss on refunding of debt reported in the Government‐wide Statement of Net Position. A loss on refunding of debt results from the difference in the carrying value of the refunded debt and its reacquisition price. The amount is amortized over the shorter of the life of the refunded or refunding debt. Deferred outflows of resources for loss on refunding of debt reported in the governmental activities of the Government‐wide Statement of Net Position are $39,898.

In addition to the deferred outflows and inflows of resources described above, the City has pension related items that qualify to be reported in these categories. The pension related deferred outflows and inflows of resources are described in detail in Note 10.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
55 NOTE 10 – PENSION PLAN
A. General Information about the Pension Plans
Plan Description – All qualified permanent and probationary employees are eligible to participate in the Public Agency Cost Sharing Multiple‐Employer Plan (Plan) administered by the California Public Employees’ Retirement System (CalPERS). The Plan consists of individual rate plans (benefit tiers) within a safety risk pool (police and fire) and a miscellaneous risk pool (all other). Plan assets may be used to pay benefits for any employer rate plan of the safety and miscellaneous pools. Accordingly, rate plans within the safety or miscellaneous pools are not separate plans under GASB Statement No. 68. Individual employers may sponsor more than one rate plan in the miscellaneous or safety risk pools.

The City sponsors six rate plans (two miscellaneous and four safety.) Benefit provisions under the Plan are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plan regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website.

Benefits Provided – CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full‐time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non‐duty disability benefits after 10 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost‐of‐living adjustments for the Plan are applied as specified by the Public Employees’ Retirement Law.

The Plan’s provisions and benefits in effect at June 30, 2023 are summarized as follows:

Miscellaneous Miscellaneous
1st Tier PEPRA
Prior to On or after
Hire date January 1, 2013 January 1, 2013
Benefit formula 2% @ 55 2% @ 62
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50 ‐ 63 52 ‐ 67
Monthly benefits, as a % of annual salary 1.426% to 2.418% 1.0% to 2.5% Required employee contribution rates 7.000% 6.750%
Required employer contribution rates 10.320% 7.470%
Safety ‐ Police Safety ‐ Police
1st Tier PEPRA
Prior to On or after
Hire date January 1, 2013 January 1, 2013
Benefit formula 3% @ 55 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50 ‐ 55 50 ‐ 57
Monthly benefits, as a % of annual salary 2.4% to 3.0% 2.0% to 2.7% Required employee contribution rates 9.000% 13.000%
Required employer contribution rates 20.640% 12.780%
Safety ‐ Fire Safety ‐ Fire
1st Tier PEPRA
Prior to On or after
Hire date January 1, 2013 January 1, 2013
Benefit formula 3% @ 55 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50 ‐ 55 50 ‐ 57
Monthly benefits, as a % of annual salary 2.4% to 3.0% 2.0% to 2.7% Required employee contribution rates 9.000% 13.000%
Required employer contribution rates 20.640% 12.780%
CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
56 NOTE 10 – PENSION PLAN (Continued)
A. General Information about the Pension Plans (Continued) Beginning in fiscal year 2016, CalPERS collects employer contributions for the Plan as a percentage of payroll for the normal cost portion as noted in the rates above and as a dollar amount for contributions toward the unfunded liability.

The dollar amounts are billed on a monthly basis. The City’s required contribution for the unfunded liability was $643,631 for the fiscal year ended June 30, 2023.

Contributions – Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer rates for all public employers are determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS’ annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees.

Employer contribution rates may change if plan contracts are amended. Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions.

The City’s contributions to the plan recognized as a part of pension expense for the year ended June 30, 2023 were $2,033,178.

B. Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions As of June 30, 2023, the City reported a net pension liability for its proportionate share of the net pension liability of the Plan of $7,672,923.

The City’s net pension liability for the Plan is measured as the proportionate share of the net pension liability. The net pension liability of the Plan is measured as of June 30, 2022, and the total pension liability for the Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2021, rolled forward to June 30, 2022, using standard update procedures. The City’s proportion of the net pension liability was based on a projection of the City’s long‐term share of contributions to the pension plan relative to the projected contributions of all participating employers, actuarially determined. The City’s proportionate share of the net pension liability for the Plan as of June 30, 2021 and 2022 was as follows:

Proportion ‐ June 30, 2021 0.0761%
Proportion ‐ June 30, 2022 0.0664%
Change ‐ Increase (Decrease) ‐0.0097%
For the year ended June 30, 2023, the City recognized pension expense of $1,317,609. At June 30, 2023, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date 1,337,741 $                ‐ $ Changes in assumptions 778,225                      ‐
Differences between actual and expected experience 258,315                                            90,526 Net differences between project and actual earnings on
plan investments 1,281,900                   ‐
Change in employer's proportion                       33,116                     657,812 Differences between the employer's actual contributions and the employer's proportionate share of contributions                    582,157                       42,136 Total 4,271,454 $               $                 790,474 CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
57 NOTE 10 – PENSION PLAN (Continued)
B. Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions (Continued) $1,337,741 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2024.  Other amounts reported as deferred outflow of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Year Ended
June 30
2024 634,222 $
2025 476,347
2026 249,865
2027 782,805
2028 ‐
Thereafter ‐
C. Actuarial Assumptions
The total pension liabilities in the June 30, 2021 actuarial valuations were determined using the following actuarial assumptions:

Valuation Date
Measurement Date
Actuarial Cost Method
Actuarial Assumptions:

Discount Rate
Inflation
Payroll Growth
Projected Salary Increase
Investment Rate of Return
Mortality
(2) The mortality table was developed based on CalPERS‐specific data. The rates incorporate Generational Mortality to capture ongoing mortality improvement using 80% of Scale MP 2020 published by the Society of Actuaries
June 30, 2021
June 30, 2022
Entry‐ Age Normal Cost Method

6.9%(1)

2.30%
(1) Net of pension plan investment expenses, including inflation

2.80%
Varies by Entry Age and Service

6.9 Derived using CalPERS' Membership Data for all
Funds(2)
Depending on age, service and type of employment
The underlying mortality assumptions and all other actuarial assumptions used in the June 30, 2021 valuation were based on the results of December 2017 actuarial experience study for the period 1997 to 2015. Further details of the Experiences Study can be found on the CalPERS website.

Change of Assumptions ‐ 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.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
58 NOTE 10 – PENSION PLAN (Continued)
D. Discount Rate
The discount rate used to measure the total pension liability was 6.90%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long‐term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

The long‐term expected rate of return on pension plan investments was determined using a building‐block method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.

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

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

Asset Class (a)
New Strategic
Allocation
Real Return
Years 1‐10(b)
Global equity ‐ cap‐weighted 30.0% 4.45%
Global equity non‐cap weighted 12.0% 3.84%
Private Equity 13.0% 7.28%
Treasury 5.0% 0.27%
Mortgage‐backed Securities 5.0% 0.50%
Investment Grade Corporates 10.0% 1.56%
High Yield 5.0% 2.27%
Emerging Market Debt 5.0% 2.48%
Private Debt 5.0% 3.57%
Real Assets 15.0% 3.21%
Leverage ‐5.0% ‐0.59%
Total 100%
(a)
An expected inflation of 2.30% used for this period
(b) Figures are based on the 2021‐22 Asset Liability Management study.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
59 NOTE 10 – PENSION PLAN (Continued)
D. Discount Rate (Continued)
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate – The following presents the City’s proportionate share of the net pension liability for the Plan, calculated using the discount rate for the Plan, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1‐percentage point lower or 1‐percentage point higher than the current rate:

Discount Rate ‐1%

5.90%
Current Discount Rate

6.90%
Discount Rate +1%

7.90%
$12,106,515 $7,672,923 $4,039,950
E. Pension Plan Fiduciary Net Position
Detailed information about the Plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

F. Payable to the Pension Plan
The City had no outstanding amount of contributions payable to the pension plan for the year ended June 30, 2023.

NOTE 11 – POST‐RETIREMENT HEALTHCARE BENEFITS
The City provides no post‐employment benefits for its employees. However, former employees may be maintained on the City’s health insurance programs through the City’s Consolidated Omnibus Budget Reconciliation Act (COBRA) insurance continuation plan.

NOTE 12 – RISK MANAGEMENT
The City is exposed to various risks of loss related to torts: theft of, damage to, and destruction of assets; errors and omission; injuries to employees and others; natural disaster. The City participates with other public entities in a joint venture under a joint powers agreement which establishes the Central San Joaquin Valley Risk Management Authority (CSJVRMA). The relationship between the City and CSJVRMA is such that CSJVRMA is not a component unit of the City for financial reporting purposes.

Each member city self‐insures a portion of each of its claims, which for Kingsburg is the first $25,000 of each claim (occurrence) in the liability program. If a claim exceeds a member’s retained limit, the amount exceeding the retained limit is distributed to the pooled layers above the city’s retained limit, and that cost is shared amongst the members with the various pooled layers.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
60 NOTE 12 – RISK MANAGEMENT (Continued)
For the Liability Program, the CSJVRMA’s risk sharing pool covers the first $1,000,000 of each claim. The CSJVRMA participates in an excess pool, the California Affiliated Risk Management Authorities (CARMA) that provides excess liability coverage in excess of $1,000,000. CARMA’s risk sharing pool covers the first $4,000,000 of each claim and CARMA purchases a combination of reinsurance and excess insurance through Allied World National Assurance Company for a total of $39,000,000 in coverage.

For the Workers’ Compensation Program, the CSJVRMA’s risk sharing pool covers the first $500,000 of each claim. The CSJVRMA purchases excess workers’ compensation coverage through the Local Agency Workers’ Compensation Excess JPA (LAWCX) for the amount in excess of $500,000. LAWCX’s risk sharing pool covers the first $5 million of each claim, and LAWCX purchases a combination of reinsurance and excess insurance through PRISM (previously CSAC‐EIA) with statutory limits.

The Central San Joaquin Valley Risk Management Authority is a consortium of fifty‐four (54) cities in the San Joaquin Valley, California. It was established under the provisions of California Government Code Section 6500 et. Seq. The Central San Joaquin Valley Risk Management Authority is governed by a Board of Directors, which meets three times per year, and consists of one member appointed by each member city and an alternate member. A management group, Sedgwick, employed by CSJVRMA, handles the day‐to‐day business.

The summary financial position and results of operations for CSJVRMA, as of June 30, 2023, is presented as follows:

Total assets $        153,984,502
Total liabilities          120,022,096
Total net position $         33,962,406
Revenues $          73,088,767
Expenses            71,300,255
Change in net position $           1,788,512
At the termination of the joint venture agreement and after all claims have been settled, any excess or deficit will be divided among the cities in proportion to the aggregate amount of contribution made by each.

NOTE 13 – CONTINGENCIES
The City participates in a number of Federal and State assisted grant programs which are subject to financial and compliance audits. Audits for these programs and the respective findings are to be determined at a future date, and the City expects the amount, if any, of the expenditures which may be disallowed by the granting agency to be immaterial.

The City is subject to litigation arising in the normal course of business. In the opinion of the City attorney, there is no pending litigation which is likely to have a material adverse effect on the financial position of the City.

CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Basic Financial Statements
61 NOTE 14 – SUCCESSOR AGENCY TRUST FUND
On January 18, 2012, the City Council elected to become the Successor Agency for the former redevelopment agency in accordance with Assembly Bill 1X26 (the Bill) which dissolved all redevelopment agencies in the State of California.

Under the control of an oversight board, remaining assets can only be used to pay enforceable obligations in existence at the date of dissolution of the redevelopment agency (including the completion of any unfinished projects that were subject to legally enforceable contractual commitments).

Successor agencies are only allocated revenue in the amount that is necessary to pay estimated annual installment payments on enforceable obligations of the former redevelopment agency until all enforceable obligations of the prior redevelopment agency have been paid in full and all assets have been liquidated.

Management believes, in consultation with legal counsel, that the obligations of the former redevelopment agency due to the City are valid enforceable obligations payable by the successor agency trust under the requirements of the Bill. The City’s position on this issue is not a position of settled law and there is considerable uncertainty regarding this issue. It is reasonably possible that a legal determination may be made at a later date by an appropriate judicial authority that would resolve this issue favorably for the City.

After the date of the dissolution, the assets and activities of the dissolved redevelopment agency are reported in a fiduciary fund (private‐purpose trust fund) in the financial statements of the City.

Other Assets
The amount reported as "Other Assets" in the Successor Agency Trust Fund consists of the following:

Downtown directional signs $ 17,266
Total 17,266 $
Long‐term Debt
Long‐term debt reported in the Successor Agency Trust Fund at June 30, 2023 was comprised of the following individual issue:

Balance Balance Due Within
July 1, 2022 Additions Retirements June 30, 2023 One Year Kingsburg RDA Tax
Refunding Bonds $ ‐ 40,000 $ $ ‐ 40,000 $ ‐ $ Total $ ‐ 40,000 $ $ ‐ 40,000 $ ‐ $ Kingsburg RDA Tax Refunding Bonds – The former Kingsburg Redevelopment Agency issued a tax allocation bond payable in annual installments ranging from $25,000 to $40,000 with interest payable semi‐annually at an average overall rate of

7.9% per annum. At June 30, 2022, the bond outstanding amounts to $40,000. The debt was paid in full during the year. 62 REQUIRED SUPPLEMENTARY INFORMATION
63 BUDGETARY COMPARISON SCHEDULES
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
General Fund
64 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Taxes $ 4,064,398 $ 4,564,390 $ 4,610,194 $ 45,804 Licenses and permits 503,500 638,300 638,982 682 Intergovernmental 2,776,245 2,846,375 1,398,222 (1,448,153) Charges for services 357,080 431,195 420,569 (10,626) Fines and penalties 7,500 7,500 6,696 (804) Development fees 195,800 168,300 169,385 1,085 Use of money and property ‐ ‐ 90,758 90,758 Other revenue 50,410 50,410 33,643 (16,767) Total revenues 7,954,933 8,706,470 7,368,449 (1,338,021)

EXPENDITURES
Current:

General government:

City council 49,910 57,210 43,909 13,301 City attorney 86,419 86,419 80,007 6,412 Non‐departmental 1,535,812 1,568,412 1,473,608 94,804 City manager 279,826 294,713 284,964 9,749 City clerk 158,684 185,802 197,344 (11,542) Finance 221,003 253,611 260,730 (7,119) Human resources/management assistant 176,670 210,835 197,366 13,469 Total general government 2,508,324 2,657,002 2,537,928 119,074 Parks and community services:

Community services 293,657 320,890 295,937 24,953 Pool 223,044 265,229 270,290 (5,061) Total parks and community services 516,701 586,119 566,227 19,892 Public safety 2,777,596 2,839,380 2,812,572 26,808 Public works:

Public works ‐ administration 62,919 72,607 78,615 (6,008) Landscape maintenance 312,220 327,921 220,647 107,274 Facility maintenance 73,895 73,895 79,482 (5,587) Vehicle maintenance 130,442 157,505 163,012 (5,507) Total public works 579,476 631,928 541,756 90,172 Planning and community development 556,803 604,756 593,467 11,289 Capital outlay 646,163 470,832 422,134 48,698 Debt service:

Principal ‐ ‐ 7,725 (7,725) Total debt service ‐ ‐ 7,725 (7,725) Total expenditures 7,585,063 7,790,017 7,481,809 308,208 Excess (deficiency) of revenues over
(under) expenditures 369,870 916,453 (113,360) (1,029,813)

OTHER FINANCING SOURCES (USES)
Proceeds from debt ‐ ‐ 67,275 67,275 Transfers in (135,600) (135,600) 2,830,162 2,965,762 Transfers out (843,446) (1,583,851) (668,085) 915,766 Total other financing sources (uses) (979,046) (1,719,451) 2,229,352 3,948,803 Change in fund balance $ (609,176) $ (802,998) 2,115,992 $ 2,918,990 Fund balance ‐ beginning 8,931,997
Fund balance ‐ ending $ 11,047,989
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Local Transportation Fund
65 Budgeted Amounts Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Intergovernmental $ 513,596 $ 680,749 $ 667,912 $ (12,837) Use of money and property 21,500 44,598 46,673 2,075 Total revenues 535,096 725,347 714,585 (10,762)

EXPENDITURES
Current:

Highway and streets 128,555                                146,942                154,001                        (7,059) Capital outlay                632,474                807,474                213,941                    593,533 Total expenditures                761,029                954,416                367,942                    586,474 Excess (deficiency) of revenues over
(under) expenditures $           (225,933) $           (229,069)                346,643 $                 575,712 Fund balance ‐ beginning            1,400,136
Fund balance ‐ ending $         1,746,779
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Measure E Fund
66 Budgeted Amounts Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Taxes $ 2,679,354 $ 2,679,354 $ 2,676,961 $ (2,393) Use of money and property 6,000 34,228 ‐ 34,228 Total revenues 2,685,354 2,713,582 2,711,189 (2,393)

EXPENDITURES
Current:

Public safety 2,478,569                          2,558,929             2,462,278                       96,651 Capital outlay            1,366,000            1,366,000            1,017,230                    348,770 Total expenditures            3,844,569            3,924,929            3,479,508                    445,421 Excess (deficiency) of revenues over
(under) expenditures $        (1,159,215) $        (1,211,347)               (768,319) $                 443,028 Fund balance ‐ beginning            1,857,174
Fund balance ‐ ending $         1,088,855
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Capital Facilities Fund
67 Budgeted Amounts Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Development fees 860,000 $ $ 366,956 $ ‐ 366,956 $ Use of money and property ‐ 155,496 ‐ 155,496 Total revenues 860,000 522,452 ‐ 522,452

EXPENDITURES
Current:

Planning and community
development                             ‐                  22,500                   ‐ 22,500 Capital outlay                335,000                567,712                297,712                    270,000 Total expenditures                335,000                590,212                320,212                    270,000 Excess (deficiency) of revenues over
(under) expenditures $            525,000 $             (67,760)                202,240 $                 270,000 Fund balances ‐ beginning            5,025,174
Fund balances ‐ ending $         5,227,414
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Street Projects Fund
68 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Intergovernmental $ 1,550,116 $ 1,772,532 $ 1,427,590 $ (344,942) Total revenues 1,550,116 1,772,532 1,427,590 (344,942)

EXPENDITURES
Capital outlay 1,550,116 1,717,325 1,415,568 301,757 Total expenditures 1,550,116 1,717,325 1,415,568 301,757 Excess (deficiency) of revenues over
(under) expenditures $ ‐ $ 55,207 12,022 $ (43,185) Fund balances (deficit) ‐ beginning (98,403) Fund balances (deficit) ‐ ending $ (86,381) Budgeted Amounts
69 PENSION PLANS
CITY OF KINGSBURG | LAST 10 FISCAL YEARS*
Pension Plans – Cost‐Sharing Multiple‐Employer Defined Benefit Plan Schedule of Proportionate Share of Net Pension Liability 70 2015 2016 2017 2018 2019 2020 2021 2022 2023
Proportion of the net pension liability 0.0890% 0.0811% 0.0756% 0.0743% 0.0753% 0.0752% 0.0677% 0.0761% 0.0664% Proportionate share of the net pension liability 5,591,747 $ $ 5,568,697 $ 6,544,355 $ 7,365,800 $ 7,256,090 $ 7,706,149 $ 7,363,580 $ 4,113,815 $ 7,672,923 Covered payroll 2,539,694 $ $ 2,746,794 $ 2,823,084 $ 2,997,055 $ 3,175,012 $ 3,358,370 $ 3,784,976 $ 4,006,934 $ 4,764,307 Proportionate share of the net pension liability as
percentage of covered payroll 220.17% 202.73% 231.82% 245.77% 228.54% 229.46% 194.55% 102.67% 161.05% Plan fiduciary net position as a percentage of the
total pension liability 79.48% 80.20% 75.41% 73.93% 75.45% 74.98% 77.03% 88.75% 78.17% NOTES TO THE SCHEDULEChanges in Benefit Terms ‐ None
*Schedule is intended to show information for ten years. Additional years will be displayed as they become available.

Changes of Assumptions ‐ 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.

CITY OF KINGSBURG | LAST TEN YEARS*
Pension Plans – Cost‐Sharing Multiple‐Employer Defined Benefit Plan Schedule of Contributions
71 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Actuarially required contribution (actuarially determined) $ 541,072 $ 574,035 $ 658,448 $ 732,726 $ 795,513 $ 886,480 $ 1,902,272 $ 1,124,362 $ 1,283,178 $ 1,337,741 Contributions in relation to the actuarially determined contributions 541,072 574,035 658,448 732,726 795,513 886,480 1,902,272 1,124,362 2,033,178 1,337,741 Contribution deficiency (excess) $ ‐ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ $ ‐ (750,000) $ Covered payroll 2,539,694 $ $ 2,746,794 $ 2,823,084 $ 2,997,055 $ 3,175,012 $ 3,358,370 $ 3,784,976 $ 4,006,934 $ 4,764,307 $ 5,594,168 Contributions as a percentage of covered‐employee payroll 21.30% 20.90% 23.32% 24.45% 25.06% 26.40% 50.26% 28.06% 26.93% 23.91% CITY OF KINGSBURG | JUNE 30, 2023
Notes to the Required Supplementary Information
72 NOTE 1 – BUDGETARY DATA
The appropriated budget is prepared by fund, department, and account. The City of Kingsburg, California’s (the City) department heads may make transfers of appropriations within a department. The City Manager is authorized to make budget transfers between departments within funds. All revisions must be reported to the City Council. Transfer of appropriations between funds requires the approval of the City Council. The legal level of budgetary control (i.e., the level at which expenditures may not legally exceed appropriations) is the department level.

All annual appropriations lapse at fiscal year‐end to the extent they have not been expended.

The budget is reported on the same basis as the fund types and on a basis consistent with accounting principles generally accepted in the United States of America. Additional appropriations or other changes during the fiscal year may be submitted by the department for Council review and approval.

NOTE 2 – EXCESS OF EXPENDITURES OVER APPROPRIATIONS
The City incurred expenditures in excess of appropriations in the following amounts for the year ended June 30, 2023:

General Fund:

General government:

City clerk $ 11,542
Finance 7,119
Parks and community services:

Pool 5,061
Public works:

Public works ‐ administration 6,008 Facility maintenance 5,587
Vehicle maintenance 5,507
Debt service:

Principal 7,725
Local Transit Fund Special Revenue Fund:

Highway and streets 7,059
73 COMBINING AND INDIVIDUAL NONMAJOR FUND

FINANCIAL STATEMENTS AND SCHEDULES
74 NONMAJOR GOVERNMENTAL FUNDS

SPECIAL REVENUE FUNDS
The Special Revenue Funds are used to account for the proceeds of specific revenue sources that are restricted, committed, or assigned to expenditures for particular purposes.

Measure C Fund – to account for apportioned local sales tax revenues to be used exclusively for maintenance and improvement of the City’s streets and roads.

Gas Tax Fund – to account for revenues and expenditures apportioned to the City under the Streets and Highway Code, Sections 2105, 2106, 2107 and 2107.5 of the State of California. Expenditures for administration, maintenance and construction must be street related.

Senior Center Fund ‐ to account for revenue from federal grants and contributions to fund the activities of the senior center services. The services provide recreational, educational, social and nutritional programs to citizens 55 years and older.

COPS Grant Fund – to account for State revenue received from front line law enforcement.

San Joaquin Valley Air Grant Fund – to account for grant revenue received for the purchase of a police vehicle.

Low and Moderate Income Housing Asset Fund ‐ to administer the housing assets and functions related to the Low and Moderate Income Housing Program retained by the City following the dissolution of the Redevelopment Agency on February 1, 2012. This fund is primarily funded by loan repayment program income generated from the former Redevelopment Agency’s housing assets.

Vehicle Abandonment Fund – to account for the abandoned vehicle abatement program in which the City receives funds from the Council of Fresno County Governments. These funds will be used to abate any abandoned vehicles in the City of Kingsburg.

ACT Task Force Grant Fund ‐ to be used to compensate the cost of one Police Officer for the assignment to the ACT (Adult Compliance Team).

Park Improvements Fund – to be used to account for resources received from the State’s housing related park grant program and the State Prop 68 Park Grants.

School Resource Officer Fund – This fund is for the School Resource Officer Grant which is used to compensate the cost of one Police Officer for the assignment to the Schools Resource Officer.

Forgivable Loan Program Fund (RTTPF) – to account for the city’s incentive fund utilizing residual property taxes, which provides financing to eligible businesses/property owners on projects that provide long‐term benefits to the City.
75 NONMAJOR GOVERNMENTAL FUNDS
(Continued)

DEBT SERVICE FUNDS
The Debt Service Funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for principal and interest.

Kingsburg Public Joint Powers Authority Fund ‐ to account for revenues and expenditures of the Kingsburg Public Finance Authority Revenue Bonds. Bond proceeds are to be used to finance or refinance the costs of various improvement projects for the City and other public agencies.

Assessment District Fund – to accumulate assessments levied for payment of bonds issued for the Improvement Bonds in Districts No. 1991‐1 and No. 1992‐1.

CAPITAL PROJECTS FUNDS
The Capital Projects Funds are used to account for financial resources that are restricted, committed or assigned to expenditures for the acquisition of land or acquisition and construction of major facilities other than those financed in the proprietary fund types.

Sewer Connection Fund ‐ to account for the sewer connection fees from developers. The money is used to construct sewer facilities within the City limits.

Storm Drain Fund – to account for the storm drain improvements, operations and maintenance. The activities of the fund include building new storm drains and obtaining storm drains completed by developers.

Parks and Recreation Fund – to account for the revenue from the construction assessments to be used for acquisition and development of parks and recreation facilities.

Equipment Replacement Fund – to account for the transfer revenues received for the reserve fund to replace equipment in the future.

Linnea Villas Public Project Fund – to account for revenues and expenditures as a result of a development agreement with the Housing Authority of Fresno County for the development of a multi‐family senior apartment project of up to sixty (60) units for low‐income person ages sixty‐two (62) years and older.

CITY OF KINGSBURG | JUNE 30, 2023
Nonmajor Governmental Funds
Combining Balance Sheet
76 Special Revenue
Funds
Debt Service
Funds
Capital Projects
Funds
Total Nonmajor
Governmental
Funds
ASSETS
Cash and investments 1,285,230 $ $ 12,161 $ 2,548,395 $ 3,845,786 Receivables 453,173 ‐ 10,448 463,621 Advances to other funds ‐ ‐ 1,715,000 1,715,000 Land held for low and moderate housing projects ‐ 574,389 ‐ 574,389 Total assets $ 2,312,792 $ 1,727,161 $ 2,558,843 $ 6,598,796

LIABILITIES
Accounts payable and accrued expenses $ ‐ 208,447 $ ‐ $ $ 208,447 Due to other funds 523,689 ‐ 96,734 620,423 Deposits ‐ 609 ‐ 609 Total liabilities 732,745 ‐ 96,734 829,479

FUND BALANCES
Restricted:

Capital improvements ‐ ‐ 2,558,843 2,558,843 Circulation improvements 1,148,339 ‐ 12,161 1,160,500 Debt service ‐ ‐ 1,618,266 1,618,266 Public safety ‐ 182,137 ‐ 182,137 Land held for low and moderate
housing projects ‐ 574,389 ‐ 574,389 Committed to:

Economic development ‐ 138,305 ‐ 138,305 Unassigned ‐ (463,123) ‐ (463,123) Total fund balances 1,580,047 1,630,427 2,558,843 5,769,317 Total liabilities and fund balances $ 2,312,792 $ 1,727,161 $ 2,558,843 $ 6,598,796 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 77 Special Revenue
Funds
Debt Service
Funds
Capital Projects
Funds
Total Nonmajor
Governmental
Funds

REVENUES
Taxes $ ‐ 138,305 $ ‐ $ $ 138,305 Intergovernmental ‐ 1,770,131 210,813 1,980,944 Development fees ‐ ‐ 120,262 120,262 Use of money and property 38,644 56,394 63,762 158,800 Other revenues ‐ 6,012 ‐ 6,012 Total revenues 1,953,092 56,394 394,837 2,404,323

EXPENDITURES
Current:

Parks and community services 176,788 ‐ ‐ 176,788 Public safety 279,433 ‐ ‐ 279,433 Highway and streets 679,370 ‐ ‐ 679,370 Planning and community
development ‐ 7,130 23,100 30,230 Capital outlay 675,311 ‐ 129,878 805,189 Debt service:

Principal ‐ ‐ 380,500 380,500 Interest and fiscal charges ‐ ‐ 65,292 65,292 Total expenditures 1,818,032 445,792 152,978 2,416,802 Excess (deficiency) of revenues over
(under) expenditures 135,060 (389,398) 241,859 (12,479)

OTHER FINANCING SOURCES (USES)
Transfers in 65,000                   ‐                              ‐                                               65,000 Transfers out               ‐ (330,162)                             ‐                                          (330,162) Total other financing sources (uses)               ‐ (265,162)                             ‐                                          (265,162) Net change in fund balances               (130,102)               (389,398)                241,859               (277,641) Fund balances ‐ beginning            1,710,149            2,019,825            2,316,984            6,046,958 Fund balances ‐ ending $         1,580,047 $         1,630,427 $         2,558,843 $         5,769,317 CITY OF KINGSBURG | JUNE 30, 2023
Nonmajor Special Revenue Funds
Combining Balance Sheet
78 Measure C  Gas Tax
Senior
Center
COPS
Grant
San Joaquin
Valley Air
Grant
Low and
Moderate
Income
Housing
Asset
ASSETS
Cash and investments $             497,036 $              ‐ 610,040 $                           $               10,328 $                        ‐ 21 $ Receivables                139,849                  55,551                  19,543                 ‐ 106,321                              ‐ Land held for low and moderate housing projects                             ‐ ‐                             ‐                             ‐                             ‐                                            574,389 Total assets $            636,885 $            665,591 $               19,543 $            116,649 $                      21 $            574,389

LIABILITIES
Accounts payable and accrued expenses 142,888 $ $ 11,249 $ ‐ 10,441 $ ‐ $ ‐ $ Due to other funds ‐ ‐ ‐ 211,122 ‐ ‐ Deposits ‐ ‐ ‐ 609 ‐ ‐ Total liabilities 142,888 11,249 ‐ 222,172 ‐ ‐

FUND BALANCES
Restricted:

Circulation improvements 493,997 ‐ 654,342 ‐ ‐ ‐ Public safety ‐ ‐ ‐ 116,649 ‐ 21 Land held for low and moderate
housing projects ‐ ‐ ‐ ‐ ‐ 574,389 Committed:

Economic development ‐ ‐ ‐ ‐ ‐ ‐ Unassigned ‐ ‐ ‐ (202,629) ‐ ‐ Total fund balances 493,997 654,342 (202,629) 116,649 21 574,389 Total liabilities and fund balances $ 636,885 $ 665,591 $ 19,543 $ 116,649 $ 21 $ 574,389 CITY OF KINGSBURG | JUNE 30, 2023
Nonmajor Special Revenue Funds
Combining Balance Sheet
(Continued)
79 Vehicle
Abandonment
ACT Task Force
Grant
Park
Improvements
School Resource
Officer
Forgivable Loan
Program (RTTPF) Total
ASSETS
Cash and investments $ 17,157 $ ‐ 12,343 $ ‐ $ $ 138,305 $ 1,285,230 Receivables 88 ‐ 39,157 ‐ 92,664 453,173 Land held for low and moderate housing projects ‐ ‐ ‐ ‐ ‐ 574,389 Total assets $ 17,245 $ ‐ 51,500 $ $ 92,664 $ 138,305 $ 2,312,792

LIABILITIES
Accounts payable and accrued expenses $ ‐ $ 3,278 $ 38,826 $ ‐ 1,765 $ $ 208,447 Due to other funds ‐ ‐ 18,713 ‐ 293,854 523,689 Deposits ‐ ‐ ‐ ‐ ‐ 609 Total liabilities ‐ 3,278 57,539 ‐ 295,619 732,745

FUND BALANCES
Restricted:

Circulation improvements ‐ ‐ ‐ ‐ ‐ 1,148,339 Public safety 17,245 ‐ 48,222 ‐ ‐ 182,137 Land held for low and moderate
housing projects ‐ ‐ ‐ ‐ ‐ 574,389 Committed:

Economic development ‐ ‐ ‐ ‐ 138,305 138,305 Unassigned ‐ ‐ (57,539) ‐ (202,955) (463,123) Total fund balances 17,245 48,222 (57,539) (202,955) 138,305 1,580,047 Total liabilities and fund balances $ 17,245 $ ‐ 51,500 $ $ 92,664 $ 138,305 $ 2,312,792 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 80 Measure C Gas Tax
Senior
Center
COPS
Grant
San Joaquin
Valley Air
Grant
Low and
Moderate
Income
Housing
Asset

REVENUES
Taxes $ ‐ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ Intergovernmental 522,202 591,366 39,221 ‐ 251,430 ‐ Use of money and property 17,068 ‐ 17,445 ‐ 3,109 ‐ Other revenues ‐ ‐ ‐ 5,748 ‐ ‐ Total revenues 539,270 608,811 44,969 ‐ 254,539 ‐

EXPENDITURES
Current:

Parks and community services                              ‐ ‐                                              ‐ 176,788                              ‐                              ‐ Public safety                              ‐ ‐                              ‐                              ‐                              ‐                              ‐ Highway and streets 340,791                                 ‐ 338,579                              ‐                              ‐                              ‐ Planning and community
development                      ‐ 7,130                              ‐                              ‐                              ‐                              ‐ Capital outlay                544,238                     ‐ 6,926                             ‐                             ‐                             ‐ Total expenditures                892,159                345,505                ‐ 176,788                             ‐                             ‐ Excess (deficiency) of revenues over
(under) expenditures              (352,889)                263,306              (131,819)                ‐ 254,539                             ‐

OTHER FINANCING SOURCES/(USES)
Transfers in ‐ ‐ ‐ 65,000 ‐ ‐ Transfers out ‐ ‐ ‐ ‐ (330,162) ‐ Total other financing sources (uses) ‐ ‐ 65,000 ‐ (330,162) ‐ Net change in fund balances (352,889) 263,306 (66,819) ‐ (75,623) ‐ Fund balances ‐ beginning 846,886 391,036 (135,810) 192,272 21 574,389 Fund balances ‐ ending $ 493,997 $ 654,342 $ (202,629) $ 116,649 $ 21 $ 574,389 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Continued)
81 Vehicle
Abandonment
ACT Task Force
Grant
Park
Improvements
School Resource
Officer
Forgivable Loan
Program (RTTPF) Total

REVENUES
Taxes $ ‐ ‐ $ ‐ $ ‐ $ $ 138,305 $ 138,305 Intergovernmental ‐ ‐ 206,323 ‐ 159,589 1,770,131 Use of money and property 543 ‐ 479 ‐ ‐ 38,644 Other revenues ‐ ‐ 264 ‐ ‐ 6,012 Total revenues 543 ‐ 207,066 159,589 138,305 1,953,092

EXPENDITURES
Current:

Parks and community services                              ‐ ‐                              ‐                              ‐                              ‐                                             176,788 Public safety                             ‐                 ‐ 153,794                                              ‐ 125,639                                             279,433 Highway and streets                              ‐ ‐                              ‐                              ‐                              ‐                                             679,370 Planning and community
development                              ‐ ‐                              ‐                              ‐                              ‐                                                  7,130 Capital outlay                             ‐                  66,608                  ‐ 57,539                             ‐                                            675,311 Total expenditures                             ‐                220,402                  57,539                ‐ 125,639                                        1,818,032 Excess (deficiency) of revenues over
(under) expenditures                       543                (13,336)                (57,539)                  33,950                138,305                135,060

OTHER FINANCING SOURCES/(USES)
Transfers in ‐ ‐ ‐ ‐ ‐ 65,000 Transfers out ‐ ‐ ‐ ‐ ‐ (330,162) Total other financing sources (uses) ‐ ‐ ‐ ‐ ‐ (265,162) Net change in fund balances 543 (13,336) (57,539) 33,950 138,305 (130,102) Fund balances ‐ beginning 16,702 ‐ 61,558 ‐ (236,905) 1,710,149 Fund balances ‐ ending $ 17,245 $ 48,222 $ (57,539) $ (202,955) $ 138,305 $ 1,580,047 CITY OF KINGSBURG | JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Measure C Fund
82 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Intergovernmental $ 957,381 $ 957,381 $ 522,202 $ (435,179) Use of money and property 1,550 17,067 17,068 1 Total revenues 958,931 974,448 539,270 (435,178)

EXPENDITURES
Current:

Highway and streets 327,827                                342,621                340,791                          1,830 Planning and community
development                445,000                445,000                     7,130                     437,870 Capital outlay                425,000                425,000                544,238                   (119,238) Total expenditures            1,197,827            1,212,621                892,159                    320,462 Excess (deficiency) of revenues over
(under) expenditures $           (238,896) $           (238,173)               (352,889) $                (114,716) Fund balances ‐ beginning                846,886
Fund balances ‐ ending $            493,997
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Gas Tax Fund
83 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Intergovernmental $ 675,918 $ 675,918 $ 591,366 $ (84,552) Use of money and property 2,000 17,444 17,445 1 Total revenues 677,918 693,362 608,811 (84,551)

EXPENDITURES
Current:

Highway and streets 318,825                                336,467                338,579                        (2,112) Capital outlay                508,245                508,245                    6,926                    501,319 Total expenditures                827,070                844,712                345,505                    499,207 Excess (deficiency) of revenues over
(under) expenditures $           (149,152) $           (151,350)                263,306 $                 414,656 Fund balances ‐ beginning                391,036
Fund balances ‐ ending $            654,342
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Senior Center Fund
84 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Intergovernmental $ 40,000 $ 41,785 $ 39,221 $ (2,564) Other revenues 10,000 16,000 5,748 (10,252) Total revenues 50,000 57,785 44,969 (12,816)

EXPENDITURES
Current:

Parks and community services 114,986 165,967 176,788 (10,821) Total expenditures 114,986 165,967 176,788 (10,821) Excess (deficiency) of revenues over
(under) expenditures (64,986) (108,182) (131,819) (23,637)

OTHER FINANCING SOURCES/(USES)
Transfers in 65,000 65,000 ‐ 65,000 Net change in fund balances $ 14 $ (43,182) (66,819) $ (23,637) Fund balances (deficits) ‐ beginning (135,810) Fund balances (deficits) ‐ ending $ (202,629) Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – COPS Grant Fund
85 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Intergovernmental $ 150,000 $ 150,000 $ 251,430 $ 101,430 Use of money and property ‐ ‐ 3,109 3,109 Total revenues 150,000 150,000 254,539 104,539

EXPENDITURES
Current:

Public safety ‐ ‐ ‐ ‐ Total expenditures ‐ ‐ ‐ ‐ Excess (deficiency) of revenues over
(under) expenditures 150,000 150,000 254,539 104,539

OTHER FINANCING SOURCES/(USES)
Transfers out (330,162) (330,162) ‐ (330,162) Net change in fund balances $ (180,162) $ (180,162) (75,623) $ 104,539 Fund balances ‐ beginning 192,272
Fund balances ‐ ending $ 116,649
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – San Joaquin Valley Air Grant 86 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Taxes $ - - $ - $ - $
Total revenues - - - -

EXPENDITURES
Current:

Highway and streets - - - -
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures $ - - $ - $ -
Fund balances - beginning 21
Fund balances - ending $ 21
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Low and Moderate Housing Asset Fund 87 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Intergovernmental $ ‐ ‐ $ ‐ $ ‐ $ Total revenues ‐ ‐ ‐ ‐

EXPENDITURES
Current:

Planning and community
development                                 ‐ ‐                                 ‐                                 ‐ Total expenditures                                 ‐ ‐                                 ‐                                 ‐ Excess (deficiency) of revenues over
(under) expenditures $                              ‐ ‐ $                                                              ‐ $                                  ‐ Fund balances ‐ beginning                   574,389
Fund balances ‐ ending $                574,389
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Vehicle Abandonment Fund 88 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Use of money and property $ ‐ ‐ $ $ 543 $ 543 Total revenues ‐ ‐ 543 543

EXPENDITURES
Current:

Public safety                                 ‐ ‐                                 ‐                                 ‐ Total expenditures                                 ‐ ‐                                 ‐                                 ‐ Excess (deficiency) of revenues over
(under) expenditures $                              ‐ ‐ $                                                         543 $                             543 Fund balances ‐ beginning                     16,702
Fund balances ‐ ending $                  17,245
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – ACT Task Force Grant Fund 89 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Intergovernmental $ 147,530 $ 206,322 $ 206,323 $ 1 Use of money and property ‐ ‐ 479 479 Other revenues ‐ ‐ 264 264 Total revenues 147,530 206,322 207,066 744

EXPENDITURES
Current:

Public safety 147,530                                160,792                153,794                          6,998 Capital outlay                             ‐                  66,608                  ‐ 66,608 Total expenditures                147,530                227,400                220,402                         6,998 Excess (deficiency) of revenues over
(under) expenditures $                         ‐ $             (21,078)                 (13,336) $                      7,742 Fund balances ‐ beginning                  61,558
Fund balances ‐ ending $               48,222
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Park Improvements Fund
90 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Intergovernmental $ 185,000 $ ‐ 185,000 $ $ (185,000) Total revenues 185,000 ‐ 185,000 (185,000)

EXPENDITURES
Capital outlay 185,000 185,000 57,539 127,461 Total expenditures 185,000 185,000 57,539 127,461 Excess (deficiency) of revenues over
(under) expenditures $ ‐ ‐ $ (57,539) $ (57,539) Fund balances (deficits) ‐ beginning ‐ Fund balances (deficits) ‐ ending $ (57,539) Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – School Resource Officer Fund 91 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Intergovernmental $ 152,362 $ 152,362 $ 159,589 $ 7,227 Total revenues 152,362 152,362 159,589 7,227

EXPENDITURES
Current:

Public safety 152,362 152,362 125,639 26,723 Total expenditures 152,362 152,362 125,639 26,723 Excess (deficiency) of revenues over
(under) expenditures $ ‐ ‐ $ 33,950 $ 33,950 Fund balances (deficits) ‐ beginning (236,905) Fund balances (deficits) ‐ ending $ (202,955) Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Forgivable Loan Program Fund (RTTPF) 92 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Taxes $ ‐ $ 60,000 $ 138,305 $ 78,305 Intergovernmental ‐ ‐ ‐ ‐ Total revenues ‐ 60,000 138,305 78,305

EXPENDITURES
Current:

Public safety                              ‐ ‐                              ‐                              ‐ Capital outlay                             ‐                  ‐ 80,000                                                   80,000 Total expenditures                             ‐                  ‐ 80,000                                                   80,000 Excess (deficiency) of revenues over
(under) expenditures $                         ‐ $             (20,000)                138,305 $                 158,305 Fund balances ‐ beginning                             ‐ Fund balances ‐ ending $            138,305
Budgeted Amounts
CITY OF KINGSBURG | JUNE 30, 2023
Combining Balance Sheet
Nonmajor Debt Service Funds
93 Kingsburg
Joint Powers
Authority
Assessment
District Total
ASSETS
Cash and investments $                          ‐ $               12,161 $               12,161 Restricted cash and investments                              ‐ ‐                              ‐ Advances to other funds             ‐ 1,715,000                                        1,715,000 Total assets $         1,715,000 $               12,161 $         1,727,161

LIABILITIES
Due to other funds ‐ 96,734 96,734 Total liabilities ‐ 96,734 96,734

FUND BALANCES
Restricted:

Circulation improvements ‐ 12,161 12,161 Debt service ‐ 1,618,266 1,618,266 Total fund balances 1,618,266 12,161 1,630,427 Total liabilities and fund balances $ 1,715,000 $ 12,161 $ 1,727,161 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Debt Service Funds
94 Kingsburg
Joint Powers
Authority
Assessment
District Total

REVENUES
Use of money and property $ ‐ 56,394 $ $ 56,394 Total revenues ‐ 56,394 56,394

EXPENDITURES
Debt service:

Principal 380,500 ‐ 380,500 Interest and fiscal charges 62,267 3,025 65,292 Total expenditures 442,767 3,025 445,792 Excess (deficiency) of revenues over
(under) expenditures (386,373) (3,025) (389,398) Fund balances ‐ beginning 2,004,639 15,186 2,019,825 Fund balances ‐ ending $ 1,618,266 $ 12,161 $ 1,630,427 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule – Kingsburg Joint Powers Authority Fund Nonmajor Debt Service Funds
95 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Use of money and property $ 76,000 $ 76,000 $ 56,394 $ (19,606) Total revenues 76,000 76,000 56,394 (19,606)

EXPENDITURES
Debt service:

Principal                320,500                320,500                380,500                      (60,000) Interest and fiscal charges                    8,520                    8,520                  62,267                     (53,747) Total expenditures                329,020                329,020                442,767                   (113,747) Excess (deficiency) of revenues over
(under) expenditures $           (253,020) $           (253,020)               (386,373) $                (133,353) Fund balances ‐ beginning            2,004,639
Fund balances ‐ ending $         1,618,266
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule – Assessment District Fund Nonmajor Debt Service Funds
96 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Taxes $ ‐ 143,850 $ ‐ $ ‐ $ Total revenues ‐ 143,850 ‐ ‐

EXPENDITURES
Debt service:

Interest and fiscal charges                    8,845                    8,845                    3,025                         5,820 Total expenditures                    8,845                    8,845                    3,025                         5,820 Excess (deficiency) of revenues over
(under) expenditures $            135,005 $               (8,845)                   (3,025) $                      5,820 Fund balances ‐ beginning                  15,186
Fund balances ‐ ending $               12,161
Budgeted Amounts
CITY OF KINGSBURG | JUNE 30, 2023
Combining Balance Sheet
Nonmajor Capital Projects Funds
97 Sewer
Connection   Storm Drain
Parks and
Recreation
Equipment
Replacement
Linnea Villas
Public Project  Total
ASSETS
Cash and investments $          1,594,628 $             198,993 $             629,800 $               25,430 $               99,544 $          2,548,395 Receivables 6,806                                           982                     ‐ 2,660                             ‐                                              10,448 Total assets $         1,601,434 $            199,975 $            632,460 $               25,430 $               99,544 $         2,558,843

LIABILITIES
Accounts payable and accrued expenses $ ‐ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ Total liabilities ‐ ‐ ‐ ‐ ‐ ‐

FUND BALANCES
Restricted:

Capital improvements 1,601,434 199,975 632,460 25,430 99,544 2,558,843 Total fund balances 1,601,434 199,975 632,460 25,430 99,544 2,558,843 Total liabilities and fund balances $ 1,601,434 $ 199,975 $ 632,460 $ 25,430 $ 99,544 $ 2,558,843 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Capital Projects Funds
98 Sewer
Connection Storm Drain
Parks and
Recreation
Equipment
Replacement
Linnea Villas
Public Project Total

REVENUES
Intergovernmental $ ‐ ‐ $ ‐ $ ‐ $ $ 210,813 $ 210,813 Development fees 47,922 16,598 ‐ 55,742 ‐ 120,262 Use of money and property 41,625 6,208 ‐ 15,929 ‐ 63,762 Total revenues 89,547 22,806 ‐ 71,671 210,813 394,837

EXPENDITURES
Current:

Planning and community
development ‐ ‐ 23,100 ‐ ‐ 23,100 Capital outlay ‐ ‐ ‐ ‐ 129,878 129,878 Total expenditures ‐ ‐ 23,100 ‐ 129,878 152,978 Excess (deficiency) of revenues over
(under) expenditures 89,547 (294) ‐ 71,671 80,935 241,859 Fund balances ‐ beginning 1,511,887 200,269 560,789 25,430 18,609 2,316,984 Fund balances ‐ ending $ 1,601,434 $ 199,975 $ 632,460 $ 25,430 $ 99,544 $ 2,558,843 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Sewer Connection Fund 99 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Development fees 100,000 $ $ 47,922 $ ‐ 47,922 $ Use of money and property ‐ 41,625 ‐ 41,625 Total revenues 100,000 89,547 ‐ 89,547

EXPENDITURES
Current:

Public works                             ‐ ‐                             ‐                             ‐ Total expenditures                             ‐ ‐                             ‐                             ‐ Excess (deficiency) of revenues over
(under) expenditures $            100,000 $               89,547                  89,547 $                              ‐ Fund balances ‐ beginning            1,511,887
Fund balances ‐ ending $         1,601,434
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Storm Drain Fund
100
Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Development fees 50,000 $ $ 16,599 $ 16,598 $ (1) Use of money and property ‐ 6,208 ‐ 6,208 Total revenues 50,000 22,807 22,806 (1)

EXPENDITURES
Current:

Planning and community
development                             ‐                  23,100                  ‐ 23,100 Total expenditures                             ‐                  23,100                  ‐ 23,100 Excess (deficiency) of revenues over
(under) expenditures $               50,000 $                   (293)                       (294) $                            (1) Fund balances ‐ beginning                200,269
Fund balances ‐ ending $            199,975
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Parks and Recreation Fund 101
Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Development fees 60,000 $ $ 60,000 $ 55,742 $ (4,258) Use of money and property ‐ 15,928 15,929 1 Total revenues 60,000 75,928 71,671 (4,257)

EXPENDITURES
Capital outlay                             ‐ ‐                             ‐                             ‐ Total expenditures                             ‐ ‐                             ‐                             ‐ Excess (deficiency) of revenues over
(under) expenditures $               60,000 $               75,928                  71,671 $                    (4,257) Fund balances ‐ beginning                560,789
Fund balances ‐ ending $            632,460
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Equipment Replacement Fund 102
Variance with
Final Budget
Original Final Actual Positive (Negative)
REVENUES $                              ‐ ‐ $                              ‐ $                              ‐ $ Total revenues                                 ‐ ‐                                 ‐                                 ‐

EXPENDITURES
Capital outlay                                 ‐ ‐                                 ‐                                 ‐ Total expenditures                                 ‐ ‐                                 ‐                                 ‐ Excess (deficiency) of revenues over
(under) expenditures $ - - $ - $ -
Fund balances ‐ beginning                     25,430
Fund balances ‐ ending $                  25,430
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2023
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Linnea Villas Fund
103
Budgeted Amounts Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Intergovernmental $ 210,813 - $ 210,813 $ - $
Total revenues 210,813 - 210,813 -

EXPENDITURES
Capital outlay 129,877 - 129,878 (1)
Total expenditures 129,877 - 129,878 (1)
Excess (deficiency) of revenues over
(under) expenditures $ 80,936 - $ 80,935 $ (1)
Fund balances - beginning 18,609
Fund balances - ending $ 99,544
104

STATISTICAL SECTION
105
STATISTICAL SECTION – OVERVIEW
This part of the City of Kingsburg’s Annual Comprehensive Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information say about the government's overall financial health.

Contents
Financial Trends – These schedules contain trend information to help the reader understand how the government's financial performance and well‐being have changed over time.

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

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

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

Operating Information – These schedules contain service and infrastructure data to help the reader understand how the information in the government's financial report relates to the services the government provides and the activities it performs.

Source – Unless otherwise noted, the information in these schedules are derived from the Annual Comprehensive Financial Report for the relevant year.

CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Net Position by Component (Accrual Basis of Accounting) 106
2013‐2014 2014‐2015 2015‐2016 2016‐2017 2017‐2018 2018‐2019 2019‐2020 2020‐2021 2021‐2022 2022‐2023 Governmental Activities
Net investment in
capital assets 8,958,525 $ $ 11,010,739 $ 11,917,893 $ 13,726,605 $ 13,580,330 $ 14,634,885 $ 16,971,072 $ 19,058,680 $ 21,610,067 $ 24,377,392 Restricted 9,678,997 8,593,486 8,917,767 8,540,239 9,169,130 4,314,137 11,157,339 12,661,892 14,632,157 14,157,183 Unrestricted 248,329 (2,336,196) (1,786,896) (314,962) 356,161 5,732,794 254,445 907,166 4,914,001 7,018,962 Total Net Position $ 18,885,851 $ 17,268,029 $ 19,048,764 $ 21,951,882 $ 23,105,621 $ 24,681,816 $ 28,382,856 $ 32,627,738 $ 41,156,225 $ 45,553,537 Business‐type Activities
Net investment in
capital assets $ 6,408,380 $ 6,998,393 $ 6,432,895 $ 6,330,963 $ 3,774,918 $ 4,300,883 $ 6,482,788 $ 11,355,099 $ 10,993,329 $ 10,488,898 Unrestricted (4,624,256) (4,436,064) (3,228,171) (2,841,875) 4,604,156 4,554,673 3,499,631 (1,114,807) (656,482) (3,024,124) Total Net Position $ 1,784,124 $ 2,562,329 $ 3,204,724 $ 3,489,088 $ 8,379,074 $ 8,855,556 $ 9,982,419 $ 10,240,292 $ 10,336,847 $ 7,464,774 Total Primary Government
Net investment in
capital assets 15,366,905 $ $ 18,009,132 $ 18,350,788 $ 20,057,568 $ 17,355,248 $ 18,935,768 $ 23,453,860 $ 30,413,779 $ 32,603,396 $ 34,866,290 Restricted 9,678,997 8,593,486 8,917,767 8,540,239 9,169,130 4,314,137 11,157,339 12,661,892 14,632,157 14,157,183 Unrestricted (4,375,927) (6,772,260) (5,015,067) (3,156,837) 4,960,317 10,287,467 3,754,076 (207,641) 4,257,519 3,994,838 Total Net Position $ 20,669,975 $ 19,830,358 $ 22,253,488 $ 25,440,970 $ 31,484,695 $ 33,537,372 $ 38,365,275 $ 42,868,030 $ 51,493,072 $ 53,018,311

FISCAL YEARS
Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Changes in Net Position (Accrual Basis of Accounting)
107
EXPENSES: 2013‐2014 2014‐2015 2015‐2016 2016‐2017 2017‐2018 2018‐2019 2019‐2020 2020‐2021 2021‐2022 2022‐2023 Governmental activities:

General government 699,807 $ $ 933,367 $ 810,747 $ 1,005,379 $ 965,020 $ 1,008,560 $ 2,054,881 $ 715,354 $ 1,456,027 $ 2,524,957 Parks and recreation 387,003 430,240 408,729 481,177 530,429 555,326 494,862 767,773 550,782 930,517 Public safety 1,927,391 1,785,462 1,542,352 1,797,401 2,787,216 3,660,296 4,665,132 4,472,718 4,841,942 5,678,130 Highway and streets 434,677 380,773 766,093 893,071 878,158 1,166,319 950,088 723,805 580,540 683,806 Public works 778,900 814,979 557,321 599,999 717,507 673,068 535,748 1,254,211 1,006,648 1,363,268 Planning and community development 104,243 189,723 286,768 356,258 367,442 477,762 426,503 650,586 1,434,479 1,191,530 Interest 437,404 300,066 199,851 187,158 173,912 158,427 141,335 124,188 99,255 69,661 Total governmental activities 4,769,425 4,834,610 4,571,861 5,320,443 6,419,684 7,699,758 9,268,549 8,708,635 9,969,673 12,441,869 Business‐type activities:

Water 1,886,697 1,716,307 1,536,034 1,924,632 1,961,341 2,112,020 1,939,622 2,349,264 2,406,245 3,150,628 Disposal 1,697,655 1,810,815 1,854,083 1,940,311 1,924,253 1,986,773 1,967,168 2,161,473 2,052,251 2,643,750 Ambulance/Fire 1,649,811 1,705,874 2,437,389 2,296,617 4,730,318 4,322,083 4,113,733 5,301,596 6,135,956 7,923,895 Building fee 66,880 ‐ 113,451 ‐ ‐ ‐ ‐ ‐ ‐ ‐
Total business‐type activities 5,301,043 5,346,447 5,827,506 6,161,560 8,615,912 8,420,876 8,020,523 9,812,333 10,594,452 13,718,273 Total primary government expenses 10,070,468 $ $ 10,181,057 $ 10,399,367 $ 11,482,003 $ 15,035,596 $ 16,120,634 $ 17,289,072 $ 18,520,968 $ 20,564,125 $ 26,160,142 PROGRAM REVENUES:

Governmental activities:

Charges for services $ 713,585 $ 562,899 $ 703,733 $ 1,742,760 $ 1,223,069 $ 1,059,138 $ 3,493,622 $ 2,612,979 $ 3,272,677 $ 1,667,353 Operating grants 1,303,802 1,191,204 1,104,208 1,271,688 1,391,409 1,473,950 1,763,066 2,592,719 2,561,100 2,473,952 Capital grants 284,076 1,189,281 876,625 1,086,239 92,955 364,811 439,572 307,350 1,541,304 1,490,462 Total governmental activities 2,301,463 2,943,384 2,684,566 4,100,687 2,707,433 2,897,899 5,696,260 5,513,048 7,375,081 5,631,767 Business‐type activities:

Charges for services 4,598,066 6,663,662 4,783,627 4,664,727 6,589,431 6,644,726 7,114,028 7,450,737 8,982,299 10,570,131Operating grants 203,192 199,462 899,983 1,391,447 1,712,967 1,231,609 1,324,235 2,362,855 1,114,407 2,130,047 Capital grants 203,192 ‐ 199,462 ‐ ‐ 591,320 ‐ 102,078 ‐ ‐ Total business‐type activities 5,004,450 7,062,586 5,683,610 6,056,174 8,302,398 8,467,655 8,540,341 9,813,592 10,096,706 12,700,178 Total primary government program
revenues $ 7,305,913 $ 10,005,970 $ 8,368,176 $ 10,156,861 $ 11,009,831 $ 11,365,554 $ 14,236,601 $ 15,326,640 $ 17,471,787 $ 18,331,945

FISCAL YEARS
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Changes in Net Position (Accrual Basis of Accounting)
(Continued)
108
2013‐2014 2014‐2015 2015‐2016 2016‐2017 2017‐2018 2018‐2019 2019‐2020 2020‐2021 2021‐2022 2022‐2023 Net (expense)/revenue:

Governmental activities (2,467,962) $ $ (1,891,226) $ (1,887,295) $ (1,219,756) $ (3,712,251) $ (4,801,859) $ (3,572,289) $ (3,195,587) $ (2,594,592) $ (6,810,102) Business‐type activities (296,593) 1,716,139 (143,896) (105,386) (313,514) 46,779 519,818 1,259 (497,746) (1,018,095) Total primary government (expenses)
revenue, net $ (2,764,555) $ (175,087) $ (2,031,191) $ (1,325,142) $ (4,025,765) $ (4,755,080) $ (3,052,471) $ (3,194,328) $ (3,092,338) $ (7,828,197) GENERAL REVENUES:

Governmental activities:

Taxes:

Property taxes 877,251 $ $ 891,467 $ 1,128,016 $ 1,072,835 $ 1,422,746 $ 1,472,558 $ 1,665,338 $ 1,780,984 $ 1,910,997 $ 2,113,382 Sales and use taxes 1,123,783 1,195,203 953,113 1,051,840 982,698 2,460,290 3,092,695 3,590,893 4,331,303 4,281,190 Franchise taxes 329,884 227,745 371,609 375,520 483,749 433,177 476,016 519,474 539,719 610,913 Special assessments 284,800 227,861 243,108 249,630 243,785 ‐ 239,557 ‐ ‐ ‐ Transient occupancy taxes 409,513 421,535 471,331 515,696 539,949 538,169 320,034 295,857 435,977 419,730 Motor vehicle in‐lieu 852,912 890,591 959,489 1,051,648 1,081,176 1,105,422 1,164,984 1,185,675 1,265,202 1,359,674 Investment earnings 294,378 281,981 190,689 205,053 227,180 211,383 210,807 124,720 117,787 485,955 Miscellaneous 123,042 160,211 133,675 90,403 63,707 267,498 843,455 242,866 193,372 39,655 American Rescue Plan Act (ARPA) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2,896,491 Gain/Loss on sale of capital assets ‐ ‐ 1,113,000 ‐ ‐ ‐ ‐ ‐ ‐ 7,231 Transfers (794,705) (1,126,357) (783,000) (383,000) (179,000) (350,000) (500,000) (300,000) (575,000) 1,896,915 Total governmental activities 3,500,858 4,283,237 3,668,030 4,229,625 4,865,990 6,378,054 7,273,329 7,440,469 11,123,079 11,207,414 Business‐type activities:

Investment earnings 1,081 1,321 3,291 6,750 24,500 79,703 107,045 20,983 11,186 38,488Transfers 794,705 1,126,357 783,000 383,000 179,000 350,000 500,000 300,000 575,000 (1,896,915) Gain on sale of assets ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4,449 Extraordinary item‐settlement revenue ‐ ‐ ‐ ‐ ‐ 5,000,000 ‐ ‐ ‐ ‐ Total business‐type activities 795,786 1,127,678 786,291 389,750 5,203,500 429,703 607,045 320,983 586,186 (1,853,978) Changes in net position:

Governmental activities 1,032,896 2,392,011 1,780,735 3,009,869 1,153,739 1,576,195 3,701,040 4,244,882 8,528,487 4,397,312 Business‐type activities 499,193 2,843,817 642,395 284,364 4,889,986 476,482 1,126,863 322,242 88,440 (2,872,073) Total primary government changes in net
position $ 1,532,089 $ 5,235,828 $ 2,423,130 $ 3,294,233 $ 6,043,725 $ 2,052,677 $ 4,827,903 $ 4,567,124 $ 8,616,927 $ 1,525,239

FISCAL YEARS
Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Fund Balances of Governmental Funds (Modified Basis of Accounting) 109

FISCAL YEARS
2013‐2014 2014‐2015 2015‐2016 2016‐2017 2017‐2018 2018‐2019 2019‐2020 2020‐2021 2021‐2022 2022‐2023 General Fund:

Nonspendable $ ‐ $ 162,769 $ 130,397 $ 96,706 $ 61,652 $ ‐ 25,180 $ ‐ $ ‐ $ $ 1,833,036 Committed ‐ ‐ ‐ ‐ ‐ 3,360,441 2,507,499 3,213,399 3,842,744 2,585,613 Assigned ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 5,469 Unassigned 1,461,498 2,443,302 2,629,738 3,531,436 4,491,553 1,968,125 2,644,962 2,878,456 5,089,253 6,623,871 Total General Fund 1,461,498 $ $ 2,606,071 $ 2,760,135 $ 3,628,142 $ 4,553,205 $ 5,353,746 $ 5,152,461 $ 6,091,855 $ 8,931,997 $ 11,047,989 All Other Governmental Funds:

Restricted 9,678,997 8,593,486 4,621,378 8,540,239 9,169,130 4,314,137 11,157,339 11,157,339 14,702,157 14,157,183 Committed ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 138,305 Unassigned (1,108,285) (809,095) (1,150,379) (465,268) (374,335) 4,428,564 (172,877) (172,877) (471,118) (549,504) Total all other governmental funds $ 8,570,712 $ 7,784,391 $ 7,427,999 $ 8,074,971 $ 8,794,795 $ 8,742,701 $ 10,984,462 $ 10,984,462 $ 14,231,039 $ 13,745,984 Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Changes in Fund Balances of Governmental Funds (Modified Basis of Accounting) 110
2013‐2014 2014‐2015 2015‐2016 2016‐2017 2017‐2018 2018‐2019 2019‐2020 2020‐2021 2021‐2022 2022‐2023 REVENUESTaxes 2,874,558 $ $ 2,806,079 $ 2,978,556 $ 3,079,961 $ 3,494,437 $ 4,955,546 $ 5,500,950 $ 6,241,264 $ 7,218,456 $ 7,425,460 Licenses and permits 1,004,639 1,050,552 334,854 636,645 372,683 308,666 619,929 564,818 843,068 638,982 Intergovernmental revenue 1,988,815 2,685,956 2,965,168 3,298,906 2,438,320 3,070,976 3,450,740 4,161,013 8,295,217 5,474,668 Charges for services 331,805 358,346 326,563 384,310 451,115 391,458 375,013 321,432 404,743 420,569 Fines and penalties 24,930 14,854 18,693 12,677 15,464 20,424 11,679 5,023 17,327 6,696 Development fees 393,690 206,034 229,372 1,005,356 689,517 541,125 2,557,760 1,778,943 2,142,817 656,603 Interest 294,376 281,982 190,689 205,053 227,180 211,383 210,808 124,720 125,017 485,955 Other revenue 123,834 170,895 133,675 90,403 63,707 267,498 843,455 242,866 193,372 39,655 Total revenues 7,036,647 7,574,698 7,177,570 8,713,311 7,752,423 9,767,076 13,570,334 13,440,079 19,240,017 15,148,588

EXPENDITURES
Current:

General Government 754,204 630,146 726,070 972,276 893,467 923,719 1,172,306 1,147,009 1,544,628 2,537,928 Parks and community services 339,903 374,605 351,214 380,758 448,594 490,816 442,329 587,292 735,923 743,015Public Safety 1,830,589 1,805,649 1,919,580 2,055,197 2,305,276 2,718,914 3,959,415 4,054,682 5,268,102 5,554,283 Public Works 453,140 461,645 438,132 397,214 408,377 708,016 571,131 564,783 631,783 541,756 Tax pass‐through ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Highway and streets 433,283 372,677 574,122 613,152 542,592 561,280 564,402 548,923 609,796 833,371 Planning and community development 104,194 189,215 315,118 311,654 355,537 395,608 547,095 641,648 836,341 646,197 Capital outlay 1,069,364 1,633,605 1,297,259 2,080,185 493,628 2,404,518 3,334,931 3,176,074 3,643,598 4,171,774 Debt service:

Principal 265,000 5,190,000 317,349 292,914 314,516 314,697 304,370 290,633 289,100 388,225 Interest and fiscal charges 441,557 478,100 163,665 179,620 166,549 151,061 133,879 116,723 91,945 65,292 Bond issuance costs ‐ ‐ 268,580 ‐ ‐ ‐ ‐ ‐ ‐ ‐
Total expenditures 5,691,234 11,404,222 6,102,509 7,282,970 5,928,536 8,668,629 11,029,858 11,127,767 13,651,216 15,481,841 Excess of revenues Over
(under) Expenditures 1,345,413 (3,829,524) 1,075,061 1,430,341 1,823,887 1,098,447 2,540,476 2,312,312 5,588,801 (333,253)

OTHER FINANCING SOURCES (USES)
Proceeds from debt ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 67,275 Transfers in 337,833 230,168 499,805 294,677 585,473 153,715 155,000 205,000 205,000 2,895,162 Transfers out (1,132,538) (1,356,525) (1,282,805) (677,677) (764,473) (503,715) (655,000) (505,000) (780,000) (998,247) Finance purchase ‐ ‐ ‐ 80,000 ‐ ‐ ‐ ‐ ‐ ‐
Total other financing sources (uses) (794,705) (1,126,357) (703,000) (383,000) (179,000) (350,000) (500,000) (300,000) (575,000) 1,964,190Net changes in fund balances $ 550,708 $ (4,955,881) $ 372,061 $ 1,047,341 $ 1,644,887 $ 748,447 $ 2,040,476 $ 2,012,312 $ 5,013,801 $ 1,630,937Debt service as a percentage of noncapital expenditures 15.29% 58.01% 10.01% 9.08% 8.85% 7.44% 5.70% 5.12% 3.48% 3.79%Source: City of Kingsburg Finance Department

FISCAL YEARS
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Assessed Value and Estimated Actual Value of Taxable Property 111
Exemption
Fiscal Assessed Estimated Assessed Estimated Real Assessed Estimated Year Value Actual Value Value Actual Value Property Value Actual Value 2011 671,443,117 671,443,117 28,981,580 28,981,580 12,806,700 687,617,997 700,424,697 2012 701,662,334 701,662,334 29,990,240 29,990,240 12,499,900 719,152,674 731,652,574 2013 877,189,470 877,189,470 50,748,640 50,748,640 12,285,700 915,652,410 927,938,110 2014 947,962,408 947,962,408 68,868,920 68,868,920 11,904,300 1,004,927,028 1,016,831,328 2015 981,408,294 947,962,408 65,683,876 65,683,876 11,530,500 1,035,561,670 1,013,646,284 2016 1,019,962,455 981,408,294 51,286,384 51,286,384 11,203,500 1,060,045,339 1,032,694,678 2020 1,087,881,484 1,087,881,484 44,222,390 44,222,390 11,007,500 1,121,096,374 1,132,103,874 2021 1,108,598,397 1,108,598,397 44,135,237 44,135,237 10,865,700 1,141,867,934 1,152,733,634 2022 1,162,133,535 1,162,133,535 66,161,169 66,161,169 10,490,000 1,217,804,704 1,228,294,704 2023 1,246,969,189 1,246,969,189 76,456,615 76,456,615 10,208,600 1,313,217,204 1,323,425,804 Source: Fresno County Auditor/Controller
Real Property Personal Property Net
CITY OF KINGSBURG | LAST FIVE FISCAL YEARS
Assessed Value of Taxable Property
112
Fiscal Year End Residential Property
Commercial
Property Industrial Property Other Property
Unsecured
Property
Less Tax‐Exempt
Property
Taxable
Assessed Value
Total Direct
Tax Rate (1)
Estimated Actual
Taxable Value (2)
Factor of Taxable
Assessed Value (2)
2018‐19 725,665,588 126,738,869 146,395,878 43,805,088 51,769,384 34,329,468 $ 1,060,045,339 1.145616 1,321,236,906 1.246402019‐20 770,982,279 132,721,111 145,289,353 56,919,372 44,947,600 29,932,131 1,120,927,584 1.141002 1,328,422,713 1.185112020‐21 794,587,439 136,342,357 146,092,510 67,359,507 44,404,487 47,075,116 1,141,711,184 1.51188 1,316,087,978 1.152732021‐22 847,333,980 144,503,345 139,542,777 67,155,388 66,585,469 47,316,255 1,217,804,704 1.139680 1,521,945,005 1.249742022‐23 918,315,373 151,782,785 136,309,584 87,696,321 76,786,985 57,343,474 1,313,547,574 1.143926 1,638,464,624 1.24735 Source: Avenu Insights & Analytics
Other property includes state unitary in the amount of $39,674. (1) Total Direct Tax Rate is represented by TRA 6‐000
(2) Estimated Actual Value is derived from a series of calculations comparing median assessed values from 1940 to current median sale prices.

Based on these calculations a factor was extrapolated and applied to current assessed values.

CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Governmental ActivitiesTax Revenues by Source
113
Fiscal Year Property Sales Franchise Motor Vehicle Other Taxes Total 2013‐2014 877,251 1,123,783 329,884 852,912 694,313 3,878,143 2014‐2015 891,467 1,195,203 227,745 890,591 649,396 3,854,402 2015‐2016 1,128,016 953,113 371,609 959,489 714,439 4,126,666 2016‐2017 1,072,835 1,051,840 375,520 1,051,648 765,326 4,317,169 2017‐2018 1,422,746 982,698 483,749 1,081,176 783,734 4,754,103 2018‐2019 1,472,558 2,460,290 433,177 1,105,422 777,726 6,249,173 2019‐2020 1,665,338 3,092,695 476,016 1,164,984 320,034 6,719,067 2020‐2021 1,780,984 3,590,893 519,474 1,185,675 295,857 7,372,883 2021‐2022 1,910,997 4,331,303 539,719 1,265,202 435,977 8,483,198 2022‐2023 2,113,382 4,281,190 610,913 1,359,674 419,730 8,784,889 Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST SEVEN FISCAL YEARS
Direct and Overlapping Property Tax Rates
114
2016‐17 2017‐18 2018‐19 2019‐20 2020‐21 2021‐22 2022‐23 Basic City and County Levy
FRESNO CO LIBRARY 0.017500 0.017500 0.017500 0.017500 0.017500 0.017500 0.017500 KINSBURG CEMETARY 0.013880 0.013880 0.013880 0.013880 0.013880 0.013880 0.013880 KINGSBURG HOSPITAL 0.043010 0.043010 0.043010 0.043010 0.043010 0.043010 0.043010 CONSOLIDATED MOSQ 0.008160 0.008160 0.008160 0.008160 0.008160 0.008160 0.008160 KINGSBURG ELEM 0.168810 0.168810 0.168810 0.168810 0.168810 0.168810 0.168810 KINGSBURG HIGH 0.166870 0.166870 0.166870 0.166870 0.166870 0.166870 0.166870 STATE CENTER COMM 0.051700 0.051700 0.051700 0.051700 0.051700 0.051700 0.051700 SCH EQUALIZATION 0.029850 0.029850 0.029850 0.029850 0.029850 0.029850 0.029850 CITY OF KINGSBURG 0.167150 0.167150 0.167150 0.167150 0.167150 0.167150 0.167150 FRESNO COUNTY 0.333070 0.333070 0.333070 0.333070 0.333070 0.333070 0.333070 TOTAL 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 Override Assessments
KINGSBURG HI 98 0.027536 0.029258 0.027426 0.025948 0.028058 0.027076 0.023484 KINGSBURG HI 16REF 0.027752 0.028416 0.028298 0.026658 0.027164 0.026310 0.023764 KINGSBURG HI 14B 0.000000 0.017210 0.014906 0.013522 0.015026 0.014492 0.000000 KINGSBURG HI 22ARE 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.009088 KINGSBURG HI 22BRE 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.016492 STATE CCC 16 A 0.000000 0.000000 0.000000 0.000000 0.000000 0.000096 0.001250 STATE CCC 16 B 0.000000 0.000000 0.000000 0.000000 0.016702 0.008596 0.018762 KINGSBURG HI 14A 0.005088 0.007664 0.007552 0.007180 0.007272 0.007252 0.000000 STATE CCC 15 REFI 0.003172 0.004056 0.004286 0.004614 0.004272 0.004288 0.003716 STATE CCC 02 S 18A 0.000000 0.000000 0.000000 0.003958 0.002750 0.003564 0.002454 STATE CCC 12 REFI 0.002562 0.002580 0.002284 0.002044 0.001944 0.001086 0.000000 STATE CCC 17 REFI 0.000000 0.000000 0.000000 0.000440 0.000002 0.000002 0.000200 STATE CCC 20 REFI 0.000000 0.000000 0.000000 0.000000 0.000000 0.000456 0.002088 KINGS JUES 2016 B 0.000000 0.000000 0.000000 0.000000 0.011338 0.000000 0.000000 KINGSBURG 2006 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 KINGSBURG JUES 16 REF 0.016346 0.002584 0.006122 0.005328 0.030188 0.000000 0.000000 ST COLL 2016 GO A 0.000000 0.018332 0.015440 0.014730 0.000002 0.000000 0.000000 KINGS JUES 2016 A 0.000000 0.025260 0.018664 0.018432 0.006470 0.000000 0.000000 KINGSBURG 2004 BD 0.010330 0.001456 0.000000 0.000000 0.000000 0.000000 0.000000 KINGSBURG 2006 REF 0.005576 0.017282 0.019682 0.018148 0.000000 0.000000 0.000000 KINGSBURG 2013 REF 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 KINGSBURG EL 16REF 0.000000 0.000000 0.000000 0.000000 0.000000 0.026064 0.024306 KINGSBURG EL 16 A 0.000000 0.000000 0.000000 0.000000 0.000000 0.007162 0.006644 KINGSBURG EL 16 B 0.000000 0.000000 0.000000 0.000000 0.000000 0.013236 0.011678 KNGSBG HS 06 S08 0.001722 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 ST COL 2002 2007A 0.001724 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 ST COLL 02 S 09A 0.000482 0.000452 0.000452 0.000000 0.000000 0.000000 0.000000 ST COLL 02 S 09B 0.000540 0.000514 0.000504 0.000000 0.000000 0.000000 0.000000 TOTAL 0.098362 0.155064 0.145616 0.141002 0.151188 0.139680 0.143926 TOTAL TAX RATE 1.098362 1.155064 1.145616 1.141002 1.151188 1.139680 1.143926 Source: Fresno County Auditor/Controller data, Avenu Insights & Analytics *In 1978, California voters inacted Proposition 13 which held property taxes to 1% of the assessed Value.

Taxing entities do not impose mileage rates but instead receive a share of the total 1% tax.

TRA 6‐000 is represented for this report
CITY OF KINGSBURG | CURRENT YEAR AND NINE YEARS AGO
Principal Property Taxpayers
115
Taxpayer Taxable Value ($)
Percent of Total
City Taxable Value
(%) Taxable Value ($)
Percent of Total
City Taxable Value
(%)
Sun‐Maid Raisin Growers of California 64,161,382               4.88% Guardian Industries Corporation 63,075,561               4.80% PCA Central California Corrugated LLC 35,278,000               2.69% Alves George J & Louise N L Trustees 11,643,799               0.89% Kingsburg Kings Pointe LLC 11,373,780               0.87% Century Communities of California LLC 10,352,260               0.79% JBBBS LLC 10,070,994               0.77%
K Prop LLC 9,581,520                 0.73%
Superb Hospitality LLC 7,175,000                 0.55% 7,672,286 1.12% Save Mart Portfolio Owner NLP CA LLC 6,936,000                 0.53% Crestwood Behavioral Health 6,495,000                 0.49% Cencal CNC Inc 6,158,200                 0.47%
Calico‐Kingsburg LLC 6,039,798                 0.46%
PLT Kingsburg LLC 5,156,700                 0.39% 4,906,100                0.71% DFA of California 4,958,587                 0.38%
Wiebe Abe 4,920,992                 0.37% 2,579,451                0.38% Vie‐Del Company 4,876,769                 0.37%
Public Properties Inc 4,761,272                 0.36% 1,953,118                0.28% Kingsburg Oak LLC 4,450,000                 0.34%
Alkably LLC 4,424,760                 0.34%
K A T Prop LLC 3,877,268                 0.30%
Foster Poultry Farms 3,805,617                 0.29% 1,516,408                0.22% Shahbazian John & Linda Trustees 3,655,647                 0.28% 1,925,605 0.28% MSYS LLC 3,649,407                 0.28%
Gong Billy Kwock Trustee 3,243,092                 0.25% 3,091,658                0.45% Del Monte Corp             13,769,714 2.00%
Silgan Containers Mfg Corporat 12,910,300              1.88% Emster XII LLC               4,505,000 0.66%
Kings View LP               4,195,400 0.61%
Satterberg Estates LLC               3,942,435 0.57%
Kingsburg Investments LLC 3,301,836                0.48% RMP Properties LLC               3,250,000 0.47%
Park Kingsburg               2,658,480 0.39%
Kingsburg Court LLC               2,306,113 0.34%
Canzoneri Richard M & Norma G 2,260,171                0.33% Henderson EZ Storage L P               2,063,047 0.30%
VBW Investments               1,957,700 0.28%
Swedish Inn LLC               1,722,697 0.25%
Comcast of Fresno Inc               1,718,700 0.25%
Gianulias Vasio               1,508,900 0.22%
Sushi Investors               1,452,319 0.21%
Serpa Matilda D Trustee               1,346,120 0.20%
F‐IV Properties LLC               1,317,728 0.19%
Total Top 25 Taxpayers 300,121,405 22.87% 89,831,286 13.07% Total Taxable Value 1,313,547,574 100.00% 687,328,965 100.00% Source:  Avenu Insights & AnalyƟcs
2022‐23 2014‐15
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Property Tax Levies and Collections
116
Fiscal Year
Current Tax
Levies
Current Tax
Collections
Percent of
Current Taxes
Collected
Delinquent Tax
Collections
Total Tax
Collections
2013‐2014 1,847,084              1,805,714 100% ‐            1,847,084 2014‐2015 2,105,664              1,847,084 100% ‐            2,105,664 2015‐2016 1,916,057              2,105,664 100% ‐            1,916,057 2016‐2017 2,198,316              1,916,057 100% ‐            2,198,316 2017‐2018 2,270,184              2,198,316 100%                             ‐            2,270,184 2018‐2019 2,342,997              2,270,184 100%                             ‐            2,342,997 2019‐2020 2,377,674              2,377,674 100%                             ‐            2,377,674 2020‐2021 2,420,200              2,420,200 100%                             ‐            2,420,200 2021‐2022 2,555,981              2,555,981 100%                             ‐            2,555,981 2022‐2023 2,755,493              2,755,493 100%                             ‐            2,755,493 Source:  Fresno County Auditor/Controller
secured roll to the City of Kingsburg.
of tax levies and collections known as the Teeter Plan.  Fresno County distributes 100% of the current Notes: Revenue and Taxation Code Sections 7401 through 4717 provide for an alternative method of distribution CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Ratios of Outstanding Debt by Type
117
Percentage
Tax CIEDB Lease Total of Estimate Actual
Fiscal Allocation Police Bldg Finance Revenue Water Meter CIEDB Primary Value of Taxable Year Bonds Loan Purchases Bonds Finance Purchase Water Loan Government Property (1) 2014 2,425,000        ‐                          ‐                         2,742,545               1,093,774        2,429,858         8,691,177 1.30% 2015 1,439,100        ‐                          ‐                         2,679,930                   987,674        2,344,942         7,451,646 1.08% 2016 1,262,900        ‐                                68,853       2,570,000                   878,011        2,257,496         7,037,260 0.98% 2017 1,095,300        ‐                                53,539       2,441,950                   764,664        2,167,443         6,522,896 0.71% 2018 911,600           ‐                                37,693       2,327,960                   647,510        2,074,708         5,999,471 0.60% 2019 733,300           ‐                                20,697       2,208,970                   526,420        1,979,208         5,468,595 0.53% 2020 570,900           ‐                                   3,732       2,084,980                   401,264        1,880,863         4,941,739 0.47% 2021 409,600           ‐                          ‐                         1,960,990                   271,903        1,779,587         4,422,080 0.39% 2022 250,500           ‐                          ‐                         1,832,000                   138,197        1,675,293         3,895,990 0.34% 2023                        ‐ ‐                          ‐                          ‐ 1,703,010                                        1,567,891         3,270,901 0.27% Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements Source: City of Kingsburg Financial Report
(1) See the schedule of Assessed and Actual Value of Property.

Governmental Activities Business Type Activities
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Ratios of General Bonded Debt Outstanding
118
General Fund Less Amounts Percent of Actual
Fiscal Debt Available in Debt Total Assessed Taxable Value Year Outstanding Service Fund Total Property Value Population of Property Per Capita 2011 5,167,545 270,000 4,897,545 687,617,997 11,711 0.71% 418 2012 4,119,030 306,200 3,812,830 719,152,674 12,101 0.53% 315 2013 3,901,753 277,600 3,624,153 915,652,410 12,101 0.40% 299 2014 3,590,789 144,006 3,446,783 1,004,927,028 12,338 0.34% 279 2018 3,277,253 174,572 3,177,461 1,035,561,670 12,253 0.31% 259 2019 2,962,967 192,881 2,770,086 1,060,045,339 12,392 0.26% 224 2020 2,659,612 211,273 2,448,339 1,121,096,374 12,883 0.22% 190 2021 2,370,590 277,418 2,093,172 1,141,867,934 12,883 0.18% 162 2022 2,082,500 333,508 1,748,992 1,217,804,704 13,084 0.14% 190 2023 ‐ 1,703,010 1,703,010 1,313,217,204 12,506 0.13% 136 Source: City of Kingsburg Finance Department
General Debt Outstanding
CITY OF KINGSBURG | AS OF JUNE 30, 2023
Direct and Overlapping Governmental Activities Debt
119
City’s Share
Total Debt of Debt
OVERLAPPING TAX AND ASSESSMENT DEBT: 6/30/2023 % Applicable 6/30/2023 State Center Community College District 394,910,000 $ 1.230% 4,857,393 $ Selma Unified School District 45,701,910 4.316% 1,972,494 Kingsburg Joint Union High School District 17,774,402 48.250% 8,576,149 Kingsburg Elementary Charter School District 17,422,316 62.965% 10,969,961 City of Kingsburg 1915 Act Bonds 70,000 100.000% 70,000 TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 26,445,997 (1) DIRECT AND OVERLAPPING GENERAL FUND DEBT:

Fresno County General Fund Obligations $        21,375,000 1.341%               286,639 Fresno County Pension Obligation Bonds         191,363,372 1.341%           2,566,183 Selma Unified School District Certificates of Participation             7,279,697 3.941%               286,893 Kingsburg Elementary Charter School District Certificates of Participation             2,932,824 63.215%           1,853,985 City of Kingsburg General Fund Obligations             1,703,010 100.000%          1,703,010 TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT 6,696,710 TOTAL DIRECT DEBT           1,715,000
TOTAL OVERLAPPING DEBT        31,345,952
COMBINED TOTAL DEBT $     33,060,952 (2)
(1)
(2)
Ratios to 2022‐23 Assessed Valuation:

Total Overlapping Tax and Assessment Debt 1.99%
Total Direct Debt ($1,845,000) 13.00%
Combined Total Debt 2.50%
Source: Avenu Insights & Analytics
California Municipal Statistics, Inc.

The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentage 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.

Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non‐bonded finance purchase obligations.

CITY OF KINGSBURG | AS OF JUNE 30, 2023
Legal Bonded Debt Margin Information
120

ASSESSED VALUATION
Assessed Value 1,313,217,204 $
Add back exempt property 10,208,600
Total Assessed Value 1,323,425,804

LEGAL BONDED DEBT LIMIT
(15% OF ASSESSED VALUE) 198,513,871
AMOUNT OF DEBT SUBJECT TO LIMIT:

Total Bonded debt 1,703,010
Less Tax Allocation Bonds
not subject to limit                                 ‐
Amount Subject to limit 1,703,010
LEGAL BONDED DEBT MARGIN 196,810,861 $
Fiscal Year Debt Limit
Total Net Debt
Applicable to Limit
Legal Debt
Margin
Total net debt
applicable to the
limit as a
percentage of
debt limit
2014 105,063,705                          2,845,000         102,218,705 2.78% 2015 109,747,886                          2,765,000         106,982,886 2.58% 2016 139,190,717                          2,570,000         136,620,717 1.88% 2017 152,524,699                          3,537,250         148,987,449 2.37% 2018 157,063,826                          3,239,560         153,824,266 2.11% 2019 160,687,326                          2,942,270         157,745,056 1.87% 2020 169,815,581                          2,655,880         167,159,701 1.59% 2021 172,910,045                          2,370,590         170,539,455 1.39% 2022 184,244,206                          2,082,500         182,161,706 1.14% 2023 198,513,871                          1,703,010         196,810,861 0.87% Source:  Fresno County Auditor/Controller
CITY OF KINGSBURG | LAST SEVEN FISCAL YEARS
Demographic and Economic Statistics
121
Fiscal Year Population (1)
Personal Income
(2)
Per Capita
Personal
Income (2)
Median Age
(4)
**Public
School
Enrollment
County
Unemployment
Rate (%) (3)
City Unemployment
Rate (%) (3)
County
Population (1)
2016‐2017 12,338                     333,693,548              27,046                34.7                 3,391 9.4% 9.6% 995,975 2017‐2018 12,253                     352,478,498              28,767                34.2                 3,390 8.7% 7.3% 1,007,229 2018‐2019 12,392                     376,006,738              30,343                34.1                 3,396 6.4% 5.8% 1,018,241 2019‐2020 12,883                     406,565,321              31,558                35.2                 3,333 15.7% 11.1% 1,023,358 2020‐2021 13,084                     445,686,311              34,063                34.8                 3,307 11.3% 7.6% 1,026,681 2021‐2022 12,506                     489,303,378              39,125                34.5                 3,408 5.2% 3.1% 1,011,273 2022‐2023 12,865                     587,098,906              45,635                37.1                 3,367 7.5% 4.7% 1,011,499 Source: Avenu Insights & Analytics, U.S. Census Bureau, 2010 American Community Survey.

1.) Population Projections are provided by the California Department of Finance Projections.

2.) Income Data is provided by the U.S. Census Bureau, 2010 American Community Survey.

3.) Unemployment Data is provided by the EDD's Bureau of Labor Statistics Department.

4.) Median Age reflects the U.S. Census data estimation table. **Student Enrollment reflects the total number of students enrolled in Kingsburg Elementary Charter and Kingsburg Joint Union High.

CITY OF KINGSBURG | CURRENT YEAR AND SEVEN YEARS AGO
Principal Employers
122
Business Name
Number of
Employees
Percent of Total
Employment (%)
Number of
Employees
Percent of Total
Employment (%)
Sun‐Maid Raisin Growers of California 700 12.28%
Kingsburg Elementary Charter School District * 342 6.00% Guardian Industries Corporation 227 3.98% 298 5.14%
Kingsburg Joint Union High School District 140 2.46%
City of Kingsburg 88.06 1.54% 46 0.79%
Kingsburg Care Center 83 1.46%
HMC Fresh 80 1.40% 100 1.72%
Save Mart 76 1.33% 70 1.21%
Cencal CNC Inc. 76 1.33%
McDonald's 57 1.00%
Kings River Union School District 51 0.88%
Kmart 70 1.21%
Nutrius 45 0.78%
Waste Connection 36 0.62%
Denny's 32 0.55%
Fairfield Inn & Suites 19 0.33%
Total Top 10 Employers 1,869 32.78% 767 13.23%
Total City Labor Force (1) 5,700 5,800
Source: Avenu Insights & Analytics
2015‐16 is the city's first ACFR publication, therefore, prior year data availability is limited.

Results based on direct correspondence with city’s local businesses. *Includes FTE, Substitutes & Coaches
** Includes FTE & On‐call
*** Includes seasonal employees
(1) Total City Labor Force provided by EDD Labor Force Data. 2023 2016
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Full‐Time Equivalent Employees by Function
123
Function/Programs 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Governmental Activities
City Council 5.00                      5.00           5.00           5.00           5.00           5.00           5.00           5.00            5.00            5.00 City Manager 1.00                      1.00           1.00           1.44           1.42           1.50           1.35           1.34            1.30            1.33 City Clerk 1.00                      1.00           1.00           1.00           1.00           1.00           1.20           1.00            1.00            1.00 Finance 1.00                      1.00           1.00           1.00           0.95           1.00           5.00           0.95            0.95            1.28 Community Services 3.85                      3.85           3.85           7.27           8.41           6.00           6.00           5.54            6.10            8.37 Human Resource 1.00                      1.00           1.00           1.00           1.00           1.00           1.00           1.00            1.40            1.66 Police Department 18.00                  18.00         18.00         18.07         20.36         21.50         19.72         20.50          29.00          23.79 Planning & Development 0.55                      0.55           1.35           2.00           2.00           2.00           2.00           2.00            3.20            3.79 Public Works 3.03                      3.03           3.03           3.00           5.34           7.00           7.00           2.34            2.71            2.71 Total Governmental Activities 34.43                  34.43         35.23         39.78         45.48         46.00         48.27         39.67         50.66         48.93 Business‐Type‐Activities
Water 5.83                      5.83           5.83           4.00           4.08           4.00           3.00           2.58            8.34            8.34 Solid Waste 2.05                      2.05           2.05           2.00            ‐ 2.13              ‐                        2.58            2.63            2.63 Ambulance/Fire 9.50                    12.50         12.50         11.70         11.27         14.50         15.00         14.50          24.00          24.00 Building Permit 0.65                       ‐ 1.35              ‐              ‐              ‐              ‐              ‐              ‐               ‐ Total Business Type Activities 18.03                  21.73         20.38         17.70         17.48         18.50         18.00         19.66         34.97         34.97 Full Time Employees 52.46                  56.16         55.61         57.48         62.96         64.50         66.27         59.33         85.63         83.90 Source:  City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Operating Indicators by Function
124
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Police
# of calls for service 19,109                  12,736           8,125           9,840           9,635           9,003           8,599           9,153        10,773          13,099 # of arrests 370                            369              276              383              388              309              165              286              310                414 # of traffic citations 655                            293              302              657              815              715              229              586              312                676 Fire
# of fire calls 509                            598              441              622              495              560              536              653              592                480 # of EMS calls 1,594                      1,651           1,285           1,768           1,657           1,894           2,084           2,157           2,369            2,490 # of inspections 10                                    8                   6                 10                   6                 24              150              225              414                300 Parks and Recreation
# of recreation classes 5                                      5                   5                   5                   6                   6                   2                   6                  8                    8 # of facility rentals 304                            341              303              251              292              309              103              230              302                400 Public Works
# of street miles maintained 47.50                      47.50           47.50           50.00           72.00           72.00           72.00           72.00           75.32            75.32 # of Facilities sq ft maintained 67,078                  67,078         67,078         67,078         67,078         67,078         67,078         67,078        67,078          67,078 Utilities:
# of utility accounts 3,602                      3,607           3,614           3,666           3,701           3,732           3,818           3,894           3,992            4,094 Water Production volume (in millions) 1,129.00              837.50         805.24         980.18         878.10         844.01         930.01     1,072.97     1,062.49          840.00 Planning and Building
# of building permits              233              388              310              416              379              426              684              889              869                590 # of planning applications                 34                 27                 14                 40                 25                 32                 27                 20                19                  26 # of code complaints                    ‐                 30                 50                 14                 61              321              162              231              260                679 Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Capital Assets Statistics by Function
125
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Public Safety:

Police Stations 1 1 1 1 1 1 1 1 1 1
Fire Stations 2 2 2 2 2 2 2 2 2 2
Public Utilities:

Streets (miles) 47.50 47.50 47.50 50.00 72.00 72.00 72.00 72.00 75.21 75.32 Community Services:

Parks 8 9 9 9 9 9 9 9 11 12
Utilities:

Water Wells 8 8 8 8 8 8 8 8 8 8
Source: City of Kingsburg Finance Department
GENERAL FUND 2019 2020 2021 2022 2023
BEGINNING OF YEAR FUND BALANCE 4,553,205 5,353,746 5,152,461 6,091,855 8,931,997 REVENUES: 6,084,383 6,881,047 6,787,980 10,340,115 7,368,449 EXPENDITURES: 5,283,842 6,627,332 5,643,586 7,019,973 7,481,809 Total Transfers in/Transfers out - (455,000) (205,000) (480,000) FUND BALANCE END OF YEAR 5,353,746 5,152,461 6,091,855 8,931,997 8,818,637 MEASURE E FUND 2019 2020 2021 2022 2023
BEGINNING OF YEAR FUND BALANCE - 232,681 605,538 1,364,943 1,857,174 Operating Revenue 1,144,657 1,910,204 2,316,794 2,766,934 2,711,189 Operating Expense 911,976 1,537,347 1,557,389 2,274,703 3,479,508 Changes in accounting principles - - - - -
FUND BALANCE END OF YEAR 232,681 605,538 1,364,943 1,857,174 1,088,855 WATER FUND 2019 2020 2021 2022 2023
BEGINNING OF YEAR FUND BALANCE 10,172,474 10,287,118 10,777,105 10,837,213 10,950,048 Operating Revenue 2,347,938 2,352,267 2,380,274 2,478,915 2,499,543 Operating Expense 2,233,294 1,862,280 2,263,207 2,319,832 3,106,372 Total Transfers in/Transfers out - (56,959) (46,248) (2,489,375) FUND BALANCE END OF YEAR 10,287,118 10,777,105 10,837,213 10,950,048 7,853,844 DISPOSAL FUND 2019 2020 2021 2022 2023
BEGINNING OF YEAR FUND BALANCE (332,496) (460,799) (506,101) (741,699) (770,916) Operating Revenue 1,858,470 1,921,866 1,925,875 2,023,034 2,968,575 Operating Expense 1,986,773 1,967,168 2,161,473 2,052,251 2,643,750 Changes in accounting principles - - - - -
FUND BALANCE END OF YEAR (460,799) (506,101) (741,699) (770,916) (446,091) AMBULANCE/FIRE FUND 2019 2020 2021 2022 2023
BEGINNING OF YEAR FUND BALANCE (1,460,904) (970,763) (352,954) 152,893 157,715 Operating Revenue 4,812,224 2,823,209 3,755,812 1,848,858 1,435,712 Operating Expense 4,322,083 2,141,031 3,249,965 3,454,227 4,196,757 Total Transfers in/Transfers out 575,000 586,692
Nonoperating revenues (Grants) - (64,369) - 1,035,191 2,073,659 FUND BALANCE END OF YEAR (970,763) (352,954) 152,893 157,715 57,021 City of Kingsburg
Presentation of the June 30, 2023, Financial
Statement Audit & Single Audit to the City
Council
May 1, 2024Anthony Gonzales II, CPA
• About the Firm
• Scope of Audit• Audit Process• Audit Areas of Emphasis• Auditors Reports• Required Communications• Questions AGENDA
• Founded in 1976 – over 45 years
• Top 10 firm in California’s central valley
• Deep specialization in serving
governments
• Over 80 audits of municipalities, special
districts, counties and nonprofit organizations
• PPC consists of approximately 50 dedicated
employees, including 15 CPA’s
Price Paige & Company Background
• Fausto Hinojosa, CPA - Engagement Partner
• Anthony Gonzales II, CPA - Engagement
Supervisor
• Two additional professional staff members• Additional administrative support team• This team of professionals has over 50 years of combined experience providing audit and attest services Engagement Management Team
• Audit of the City’s annual financial statements in
accordance with applicable audit standards (AICPA & Governmental Audit Standards) • Audit of the City’s federal award programs in
accordance with the Uniform Guidance (Single Audit)
• Risk based audit, designed to provide reasonable
assurance – free from material misstatement (GAAP)
Scope of Audit
• Obtain understanding of City fiscal operations
• Assess Risks of Error & Fraud• Internal Control
• Effectively designed?• Placed in operation?
• Develop procedures to obtain evidence about financial statement balances/transactions
Audit Process
• Cash & Investments
• Revenues and Receivables • Expenses (including salaries) and accounts payable
• Capital Assets• Net Pension Liability • Subscription Based Information Technology Arrangements (SBITAs)
Audit Areas of Emphasis
• Unmodified opinion (Clean Opinion)
• Audit performed in accordance with AICPA and
Government Auditing Standards
• Financial statements are fairly presented in all
material respects
• Significant accounting policies have been
consistently applied
• Estimates are reasonable• Disclosures are complete and properly reflected in the financial statements
Auditors Report on Financial Statements
• Internal Control
• Identified material weakness over financial close
and reporting (page 9 of single audit report)
• Financial balances & transactions required
adjustment at year-end to ensure proper reporting with GAAP. • Identified material weakness over cash
reconciliation (page 10 of single audit report)
• Compliance
• No deficiencies
Government Auditing Standards Report
• $1,425,514 in federal expenditures
• Unmodified Opinion on Compliance – (Clean
Opinion)
• Internal Control over Compliance
• No deficiencies
• Schedule of Expenditures of Federal Awards
• Fairly stated in relation to financial statements
Federal Uniform Guidance Compliance Report
• Significant Accounting Policies – Implementation of
GASB 96 – Subscription Based Information Technology Arrangements • Significant Estimates – Allowance for doubtful
accounts and net pension liability
• Sensitive Disclosures – Deficit Fund Balance (Note 2)Required Communications • Difficulties Encountered in Performing Audit - none
• Significant Audit Adjustments – See corrected
material audit adjustment report
• Disagreements with Management – none.• Fraud and Illegal Acts – Nothing identifiedRequired Communications (continued) Questions?

CITY COUNCIL MEETING STAFF REPORT
REPORT TO: Mayor Pursell, Jr. & City Council
REPORT FROM: David Peters, City Engineer REVIEWED BY: AJH AGENDA ITEM: Senior Center Kitchen Remodel Award
ACTION REQUESTED: ___Ordinance ___Resolution ____Motion ____Receive/File

EXECUTIVE SUMMARY
The City advertised the Senior Center Kitchen Remodel project and requested bids for the work on February 15, 2024. On March 5, 2024, the City held a bid opening but did not receive any bids. Pursuant to provisions of the Public Contract Code, the City then negotiated a bid for the work from Deft Development from Kingsburg, CA in the amount of $206,785.00.

Total project costs, including architectural design and construction inspection bring the total project costs to ~$242,000. The city received a grant award from the Kingsburg Healthcare District of $220,728. Staff and the contractor are going to examine ways to reduce costs during construction. Any difference in project costs will be borne by the City, which has funding available.

RECOMMENDED ACTION BY CITY COUNCIL

1. Staff recommends the award of the Senior Center Kitchen Remodel to Deft Development in the amount of $206,785.00.

POLICY ALTERNATIVE(S)

1. Council could choose to reject all bids.

REASON FOR RECOMMENDATION/KEY METRIC

1. Financial Stability

2. Preserve the Kingsburg Experience

3. Community Engagement

FINANCIAL INFORMATION

PRIOR ACTION/REVIEW
None
Meeting Date: 05/01/2024
Agenda Item: 6.2
FISCAL IMPACT:

1. Is There A Fiscal Impact? Yes

2. Is it Currently Budgeted? Yes

3. If Budgeted, Which Line? Grant Funds/036 Fund

Page 2 of 2 ends

Kingsburg City CouncilMay 1, 2024

Kingsburg City Council
May 1, 2024