Agenda — Kingsburg City Council, April 16, 2025

AGENDA

KINGSBURG CITY COUNCIL REGULAR MEETING
WEDNESDAY, APRIL 16, 2025 at 6:00pm
Meeting held in the Council Chamber, 1401 Draper Street, Kingsburg, CA 93631 (559)897-5821
www.cityofkingsburg-ca.gov
The Council Chamber is accessible to the physically disabled. Requests for additional accommodations for the disabled should be made 48 hours prior to the meeting by contacting the City Clerk at 559-897-6520.

Any document that is a public record and provided to a majority of the City Council regarding an open session item on the agenda will be made available for public inspection at City Hall, in the City Clerk's office, during normal business hours. In addition, such documents may be posted on the City's website.

Unless otherwise required by law to be accepted by the City at or prior to a Council meeting or hearing, no documents shall be accepted for Council review unless they are first submitted to the City Clerk by the close of business one day prior to said Council meeting/hearing at which the Council will consider the item to which the documents relate.

The meeting will be held in person. Public comment may be made in person or submitted in writing.

Members of the public who wish to provide written comments are encouraged to submit their comments to the City Clerk at [email protected] by the close of business one day prior to the start of the meeting to ensure that the comments will be available to the City Council. Please indicate the agenda item number to which the comment pertains. Written comments that do not specify a particular agenda item will be marked for the general public comment portion of the meeting. A copy of any written comment will be provided to the City Council at the meeting. Please note that written comments received will not be read aloud during the meeting but will be included with the meeting minutes.

Brandon Pursell, Mayor
Vince Palomar, Mayor Pro Tem Staci Smith, Council Member Laura North, Council Member David M. Silva, Council Member Invocation will be given, followed by the Pledge of Allegiance led by Mayor Brandon Pursell.

Kingsburg City Council Agenda
April 16, 2025

CALL TO ORDER AND ROLL CALL
APPROVE AGENDA - To better accommodate members of the public or inconvenience in the order of presentation, items on the agenda may not be presented or acted upon in the order listed.

Additions to Agenda may be added only pursuant to California Government Code Section 54954.2 (b).

PRESENTATIONS AND INFORMATIONAL REPORTS:

Swearing in of Police Officer Christian Jimenez
Sponsor: Police Department
PUBLIC COMMENT - Provides an opportunity for members of the public to address the City Council on items of interest to the public within the Council's jurisdiction and which are not already on the agenda this evening. It is the policy of the Council not to answer questions impromptu. Speakers should limit their comments to not more than THREE (3) minutes. For items which are on the agenda this evening, members of the public will be provided an opportunity to address the Council as each item is brought up for discussion.

CONSENT CALENDAR - Items on the Consent Calendar are considered routine and include a recommended action from Staff and shall be acted on by one motion of the Council. If a Council member requests additional information or would like to pull an item for discussion, that item shall be pulled from the Consent Calendar and acted upon separately. A motion to approve the Consent Calendar is deemed to include a motion to waive the full reading of any ordinance or resolution on the Consent Calendar.

1. Approval of City Council Minutes: Approve the minutes from the April 2, 2025 Regular Council Meeting as prepared by City Clerk Abigail Palsgaard.

Sponsor: City Clerk’s Office

2. Check Register: Ratify/approve payment of bills listed on the check register for the period March 25, 2025 through April 7, 2025 as prepared by Accounts Payable Clerk Marsha Alves.

Sponsor: Finance Department

3. Receive and file the annual report on military equipment use pursuant to Policy 706 and confirm continued compliance with California Government Code sections 7070 to 7072- Staff Report by Police Chief Neil Dadian
Sponsor: Police Department

4. Adopt Resolution 2025-024 approving the surplus of the fire department vehicles 2001 Chevy Tahoe and 2001 Freightliner Ambulance; and approve the sale of the 2001 Chevy Tahoe to Huntington Lake Volunteer Fire Department and 2001 Freightliner Ambulance to Hume Lake Fire & Rescue.- Staff Report by Fire Chief Rodnie Roberts Sponsor: Fire Department

5. Adopt Resolution 2025-025 a resolution of the City Council of the City of Kingsburg submitting a claim for transportation development act (TDA) funds continuing from the 2024-2025 fiscal year, thereby coinciding with the Fresno Council of Governments policy Kingsburg City Council Agenda
April 16, 2025
board approval of TDA funds apportionment and TDA claims process.- Staff Report by Finance Director Alma Colado.

Sponsor: Finance Department

REGULAR CALENDAR

6. Financial Statements for the Year Ended June 30, 2024 – Consider Statements as prepared by Price Paige & Company - Staff Report prepared by Finance Director Alma Colado
Sponsor: Finance Department
Action As Deemed Necessary

7. Crime Statistics Report for January – March 2025 and General Police Department Update- Report prepared by Kingsburg Police Department Records Supervisor Corina Padilla.

Informational- No Action Necessary

FUTURE AGENDA ITEMS
Council requests for future agenda items. Items require a consensus.

CITY MANAGER’S REPORT
- Reminder of the May 8, 2025 General Plan Workshop at 6pm.

COUNCIL REPORTS/COUNCIL COMMITTEE REPORTS
Brief report by Council members on City related functions as authorized by the Brown Act.

ADJOURN REGULAR KINGSBURG CITY COUNCIL MEETING
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 10th day of April 2025.
____________________________________
Abigail Palsgaard, City Clerk
Kingsburg City Council
Regular Meeting Minutes
April 2, 2025
Invocation was given by Council Member Laura North, followed by the Pledge of Allegiance led by Mayor Brandon Pursell.

CALL TO ORDER AND ROLL CALL: Mayor Pursell called the regular meeting of the Kingsburg City Council to order at 6:01pm.

COUNCIL MEMBERS PRESENT: David Silva, Laura North, Staci Smith, Vince Palomar and Mayor Pursell.

COUNCIL MEMBERS ABSENT: None.

APPROVE AGENDA: A motion was made by Council Member Palomar, seconded by Council Member Smith, to approve the agenda, as published. The motion carried by a unanimous voice vote.

PRESENTATIONS AND INFORMATIONAL REPORTS: None.

PUBLIC COMMENT: None.

CONSENT CALENDAR
Council Member Silva pulled Item 1.

A motion was made by Council Member North, seconded by Council Member Smith, to approve the items 2-4 appearing on the Consent Calendar. The motion carried by an unanimous voice vote.

2. Check Register: Ratify/approve payment of bills listed on the check register for the period March 11, 2025, through March 24, 2025, as prepared by Accounts Payable Clerk Marsha Alves.

Sponsor: Finance Department

3. Waiving the second reading and adopt Ordinance 2025-02 An Ordinance of the City of Kingsburg Adding Chapter 15.10 To Title 15 Of the Kingsburg Municipal Code Adopting the Model Water Efficient Landscaping Ordinance with the following recital constituting reading the title of the Ordinance:
“An Ordinance of the City of Kingsburg Adding Chapter 15.10 to Title 15 Of the Kingsburg Municipal Code Adopting the Model Water Efficient Landscaping Ordinance.” - Staff Report by City Engineer Dave Peters
Sponsor: City Engineer’s Office

4. Approve the Gold Standard Mortgage’s request for a partial street closure of Smith Street between Lewis Street and Draper Street for their “Grand Opening Community Event” on May 2, 2025, from 5pm. to 8pm. (Closure will only affect the northernmost portion allowing for the parking lot and fire department alley to remain open)- Staff Report by Community Services Director Adam Castaneda
Sponsor: Community Service Department
Kingsburg City Council Minutes
April 2, 2025
PULLED ITEMS:

Council Member Silva pulled item 1 to correct the council member reports, stating what is described under his report, should be under Council Member Palomar’s report.

1. Approval of City Council Minutes: Approve the minutes from the March 19, 2025, Regular Council Meeting as prepared by City Clerk Abigail Palsgaard.

Sponsor: City Clerk’s Office
A motion was made by Council Member Silva, seconded by Council Member Palomar, to approve item 1 on the Consent Calendar with the corrections. The motion carried by an unanimous voice vote.

REGULAR CALENDAR
All Way Stop Warrant Analysis – Draper Street / Smith Street - Staff Report by City Engineer Dave Peters
Sponsor: City Engineer’s Office
City Engineer Dave Peters gave a background regarding the stop sign installation. On May 3, 2023 Council approved a policy for installation of stop signs. They received a request for this stop in 1/2025. A warrant study was completed in 3/2025. It was found that the sight distance is partially obstructed on Smith Street as approaches Draper Street, which meets the minimum requirements.

Craig Carpenter, resident, has an issue seeing, is for the stop sign.

Council Member North stated she is the one who requested this warrant. She has had a lot of business owners ask for this stop sign, and feels it is unsafe to cross.

Council Member Smith agrees that something needs to be done there, you do have to infringe on the crosswalk to be able to see to cross Draper Street. It would also be good for the pedestrians.

Council Member Silva has also been approached about why there is a not a stop sign. He is in favor of slowing cars down and keeping pedestrians safe.

Council Member Palomar is in favor on the stop sign; however, his only concern is that the warrants are not met. He is concerned about the intersections that do have accidents, but we have not put stop signs at those locations. Mr. Peters clarified that one warrant was met, the obstructed view.

Council Member North asked about the accident regarding Gold Standard, she wanted to know what constitutes recording and reporting accidents. Engineer Peters was not sure; it wasn’t entered into the site that they use.

Mayor Pursell asked about the cost of the warranty, and if there are any landscape issues besides maintenance. Mr. Peters said it was about $1,000, half of that was the traffic counts. Director Daniel Galvez also answered that all improvements will be taken care of with pre-programmed budget funds because we do have existing supplies.

Kingsburg City Council Minutes
April 2, 2025
Mayor Pursell is concerned about an increased number of requests for stop signs around town if thy approve this location that barely meets the minimum requirements. He is only favor of this stop sign with the minimum criteria, because it is located on Draper. It is a highly walked area downtown.

Council Member North mentioned the process for requesting a sign is a longer process, noting the first time she talked to staff and requested a stop sign was at least seven years ago.

Council Member Silva asked Chief Roberts and Lieutenant Stephens if a stop sign would slow down response times. Chief Roberts and Lieutenant Stephens both agreed that it would not slow down their response.

A motion was made by Council Member North, seconded by Council Member Silva, to adopt Resolution No. 2025-023 approving installation of an all-way Stop at the Draper Street/Smith Street Intersection. The motion carried by a unanimous voice vote.

Kingsburg Dog Park Renovation Project Update - Staff Report by Community Services Director Adam Castenada
Sponsor: Community Services Department
Director Adam Castenada provided an update on the Kingsburg Dog Park renovation project.

Director Castenada reviewed the history of the project, stating in 2019 the city applied for four grants to renovate Kingsburg parks. The dog park was awarded prop 68 grant in the amount of $1.244 million, all state funded. The project is almost completed, as we are working on adding a small dog park. This small dog park area was not included in the dog park funding, but staff has been able to make it work. It will be funded with additional funds for this next fiscal year. The Community Services Commission completed a walk-through of the dog park and determined it was ready for a grand opening.

On April 12th there will be ribbon cutting ceremony starting at 10:00 AM. Save Mart Supermarket is providing refreshments, and the Kingsburg Vet Clinic is also partnering with Kingsburg for vaccines and microchipping at the grand opening.

Council Member Palomar asked for clarifications about vaccinations. Director Castaneda answered the Kingsburg Veterinary Clinic has partnered with the city to do a free rabies vaccine and microchipping, and our City Clerk will be there to do licensing.

Council Member Silva thanked staff for the work and effort that was put into this project.

Mayor Pursell asked how much parking is available. Director Castaneda stated originally there were none, but now there are a total of three. Two of those are dedicated ADA stalls, and one regular. There is also street parking down Laurel. Mayor Pursell asked if there will be signs to let people know what the park rules are. Mr. Castaneda said yes.

Mayor Pursell has had people reaching out regarding the cost, he explained how grant funding works for better understanding. If Kingsburg did not use the Prop 68 grant money, another city would.

Kingsburg City Council Minutes
April 2, 2025
Kingsburg Health Care District Grant Cycle Project Proposal 2025 - Staff Report by Community Services Director Adam Castenada
Sponsor: Community Services Department
Director Adam Castenada the community service department would like to ask the healthcare district for a grant of $55,000 for the hot meal program at the Senior Center, as was awarded last year. It has been very successful.

Council Member North asked if the grant includes breakfast and asked about expanding meals to dinner as it may be the only meal some seniors receive. Director Castenada responded the breakfasts are through Senior Inc. and the Health Care District. He would like to discuss offering dinner.

A motion was made by Council Member North, seconded by Council Member Smith, to approve applying for the proposed project. The motion carried by a unanimous voice vote.

Measure E Legal Contract - Staff Report by Assistant City Manager Christina Windover Sponsor: Assistant City Manager’s Office
City Manager Alexander Henderson presented that the City received four proposals for the public safety sales tax (Measure E) extension legal services. Staff and the Finance Committee recommend Best, Best and Krieger (BBK). Council Member Silva asked if the City has worked with this firm in the past. City Manager Henderson said no, but they are highly recommended.

Mayor Pursell is for BBK, he would like to use Measure E funds for this for as long as we can.

A motion was made by Council Member Silva, seconded by Council Member Smith, to authorize the City Manager to execute an agreement for election law services with BBK Law Firm including the Engagement Letter and Advance Water Waiver. The motion carried by a unanimous voice vote.

FUTURE AGENDA ITEMS: None.

CITY MANAGER’S REPORT
City Manager Henderson discussed the ribbon cutting for the Mennonite Disaster Services Friday morning. Also mentioned the Senior Center raised $16,000 at their Cajun Shrimp Boil fundraiser, good job to Adam Castaneda and those who helped. Held the first Space Need Assessment meeting the previous day, April 1, 2025, with Integrated Designs. Discussed initial information, council and the public will have opportunities to review and discuss during the process.

COUNCIL REPORTS/COUNCIL COMMITTEE REPORTS
Council Member North reported BID met yesterday, main thing Ladies Night Out will be 5/1.

Chamber of Commerce meets next week. Center Point will not meet until late April.

Council Member Smith reported that Finance met last week, where they discussed Measure E contracts, will meet again April 28, 2025. The Community Services Commission will meet April 23, 2025.

Kingsburg City Council Minutes
April 2, 2025
Council Member Silva reported that the Car Show Committee will be meeting tomorrow, April 3, 2025, at the Chamber starting at 6:00pm.

Council Member Palomar reported the Public Safety Committee’s next meeting is May 13, 2025.

The Planning Commission will meet April 10, 2025, and SKF April 16, 2025.

Mayor Pursell reported that COG and FCRT met last week. Still searching for any member of the public that would like to sit on Measure C oversite committee. He wanted to thank Community Services Director Castaneda and Public Works Director Galvez for their work on all of these projects. Please pass it on to staff.

Mayor Pursell adjourned the Regular Kingsburg City Council Meeting at 6:48 PM.

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

Printed:
marshaa
4/9/2025 11:23 AM
Checks by Date - Detail by Check Date
Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
ACH 4789 US BANKCORP SERVICE CENTER 03/28/2025
Colado 3-14-25 Amazon-Finance Supplies 30.38
Colado 3-14-25 Staples-Finance Supplies 16.99
Colado 3-14-25 Amazon-Finance Supplies 42.92
Colado 3-14-25 SCCCD-Excel Essentials, M. Lozano 88.75
Colado 3-14-25 SCCCD-Excel Essentials, M. Lozano 88.75
Colado 3-14-25 Staples-Finance Supplies 19.23
Colado 3-14-25 Staples-Finance Supplies 75.58
Colado 3-14-25 Amazon-Finance Supplies 42.92
Colado 3-14-25 Staples-Finance Supplies 75.57
Colado 3-14-25 Staples-Finance Supplies 61.15
Colado 3-14-25 Staples-Finance Supplies 19.23
Colado 3-14-25 Staples-Finance Supplies 17.00
Colado 3-14-25 Staples-Finance Supplies 61.14
Colado 3-14-25 Amazon-Finance Supplies 30.37
Colado 3-14-25 SCCCD-Excel Essentials, M. Lozano 88.75
Colado 3-14-25 SCCCD-Excel Essentials, M. Lozano 88.75
Cstnda 3-28-25 Sam's Club-Senior Meal supplies 249.94
Cstnda 3-28-25 Amazon Senior Inc Supplies Shrimp bowl Supplies 46.56 Cstnda 3-28-25 3 J's Comm Services Vehilce Fuel 30.25
Cstnda 3-28-25 Amazon Senior Inc Supplies 179.69
Cstnda 3-28-25 Sam's Club-Senior Meals Program 90.99
Cstnda 3-28-25 Amazon Senior Inc Supplies 230.98
Cstnda 3-28-25 Comm Services/Adopt a planter purchase 106.15 Cstnda 3-28-25 Amazon-Senior Inc. Boil Shrimp Supplies 28.32 Cstnda 3-28-25 Smart and Final Senior Meal Program 127.63 Cstnda 3-28-25 Amazon- Senior Inc. Shrimp Boil Supplies 117.64 Cstnda 3-28-25 Sams Club Senior Meal Program 260.24
Cstnda 3-28-25 Save Mart- Meals/Breakfast 160.46
Cstnda 3-28-25 Costco-Senior Center Meals Program 325.14 Cstnda 3-28-25 Amazon- Senior Inc. Shrimp Boil Supplies 81.69 Cstnda 3-28-25 Amazon Senior Inc Supplies Shrimp bowl Supplies 102.02 Cstnda 3-28-25 Amazon Senior Inc Supplies Shrimp bowl Supplies 39.96 Cstnda 3-28-25 Amazon Senior Kitchen Supplies Soap 45.48 Cstnda 3-28-25 Smart and Final- Senior Meal Program 109.48 Dadian 3-14-25 Park Mobile 2/25/25 2.49
Galvez 3-14-25 Chlorine Tabs-Mem Park Fountain 166.35
Hernand 3-14-25 Training Sym-refund Bavery comp class -392.00 Hernand 3-14-25 Port of Subs-sandwich 3 day cert training class 118.80 Hernand 3-14-25 Save Mart-snacks/supplies-CERT 3 day training class 184.07 Hernand 3-14-25 Training Sym refund-Loyd classes -245.00 Hernand 3-14-25 Training Sym-Bavery bal on Passenger vehicle rescue 396.00 Hernand 3-14-25 Training Sym-Woodley bal on Passenger vehicle rescue 396.00 Hernand 3-14-25 Grocery Outlet-snacks CERT 3 day training class 14.99 Hernand 3-14-25 Training Sym-Heredia bal on Passenger vehicle rescue 396.00 Hernand 3-14-25 Training Sym-Loyd- 3 classes/command & lead/counsel 396.00 Hernand 3-14-25 COS- Hanford-Company officer 2D-Devin 3/3-3/7/25 266.00 Hernand 3-14-25 Costco-Supplies/coffee 140.72
Hernand 3-14-25 Training Sym refund-Loyd classes -396.00 AP Checks by Date - Detail by Check Date (4/9/2025 11:23 AM) Page 1 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Hernand 3-14-25 Sams donuts-CERT 3 day training 39.00
Hernand 3-14-25 Training Sym-Lum bal on Passenger vehicle rescue 396.00 Hernand 3-14-25 Paypal-monthly service for CPR Classes 25.00 Hernand 3-14-25 Training Sym-refund Bavery comp class -107.00 Hernand 3-14-25 Tollhouse leather-helmet shields A504 x 4 100.18 Hernand 3-14-25 Port of Subs-sandwich 3 day cert training class 118.80 Owen 3-14-25 Jurisdictional ICC Membership 2025, A.J. 75.00 Owen 3-14-25 Amazon-shipping refund -7.62
Owen 3-14-25 Amazon-Lanyards 27.22
Owen 3-14-25 CALBO Membership 2025 AJ's 260.00
Owens 3-14-25 Home Depot-Training Supplies- hardware/lumber 89.79 Ploszaj 3-14-25 Lake Natoma Inn- SLI- (Forlines) 401.70 Ploszaj 3-14-25 Hampton Inn- SLI 1 (Carey) 434.22
Ploszaj 3-14-25 Class A Belt (Bustillos) 157.83
Ploszaj 3-14-25 Sirchie Boot Covers (Detectives) 535.03 Ploszaj 3-14-25 Central Valley Explorer Competition 1,136.28 Ploszaj 3-14-25 Zachari Dunes Hotel-CAPE 2025 (Zimmerman) 1,091.65 Plsgrd 3-14-25 CCAC EducationalTraining 5/23/25 75.00
Plsgrd 3-14-25 CCAC Atheian Dialogue Training 5/22/25 100.00 Plsgrd 3-14-25 Annual Chamber Dinner Tickets 730.00
Salinas 3-14-25 O'Reilly Power Inverter 35.95
Salinas 3-14-25 The Mission Hotel-CPCA Annual Training 608.44 Stephen 3-14-25 The Mission Inn Hotel-CPCA Annual Training (Dadian) 676.36 Stephen 3-14-25 The Mission Inn Hotel-CPCA Annual Training (Stephens) 642.96 Stephen 3-14-25 FOP Legal Defense Plan -324.00
Stephen 3-14-25 Amazon CLP Cleaner & gun cleaning patches 47.33 Wndover 3-14-25 Starbucks-Task Force Meeting 44.00
Wndover 3-14-25 Save Mart-Task Force Meeting 16.73
Wndover 3-14-25 Logitech Headphones 38.13
Wndover 3-14-25 Logitech-Webcam WFH Supply 76.27
Wndover 3-14-25 Tom's Doughnuts-Task Force Meeting 36.75 Total for this ACH Check for Vendor 4789: 12,201.52
87330 5094 AIMS 03/28/2025
299-KI-1;1 Ambulance Overpayment Service Date: 5/28/24 Jimenez, C. 200.00 Total for Check Number 87330: 200.00
87331 3565 AMAZON CAPITAL SERVICES 03/28/2025
1CXK-MP49-DQV6 storage bins-CERT grant 131.96
1HDW-CFTX-N9DP ext cords-CERT grant 191.74
1NNX-9CDR-9H64 Zep Degreaser 49.17
1TCL-DYMN-V17T Phone/ipad charger 21.78
1XRX-434N-CW44 3 tier shelf-storage room for med 27.72
Total for Check Number 87331: 422.37
87332 4545 AMAZON.COM SALES, INC. 03/28/2025
1KM1-GLQY-74HF Staple gun kit 30.50
Total for Check Number 87332: 30.50
87333 4801 BLUE CROSS OF CA-OVERPAYMENT RECOVERY 03/28/2025 202407160671-KI Ambulance Overpayment Service Date: 7/16/24 Ramirez, Carranza, P 466.30 Total for Check Number 87333: 466.30
87334 4875 BOUND TREE MEDICAL LLC 03/28/2025
85695719 Medical Supplies 73.56
AP Checks by Date - Detail by Check Date (4/9/2025 11:23 AM) Page 2 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for Check Number 87334: 73.56
87335 3054 BSK ASSOCIATES 03/28/2025
AI07937 Well treatment BACT 119.12
AI07938 Well treatment BACT 208.46
AI08003 Storm Water 199.36
Total for Check Number 87335: 526.94
87336 3056 CAL STATE TERMITE AND PEST 03/28/2025
0468923 Memorial/Downtown Park Pest Control 95.00
0468923 Amb Pest Control 35.00
0468923 Police Pest Control 35.00
0468923 Pool Pest Control 56.50
0468923 City Buildings Pest Control 168.50
0468923 Fire Pest Control 35.00
0468923 Senior Center Pest Control 35.00
Total for Check Number 87336: 460.00
87337 3440 CALIFORNIA COMPUFORMS, INC. 03/28/2025
117511 Forms 5150 PG 1 & 2 135.56
Total for Check Number 87337: 135.56
87338 4429 CANON FINANCIAL SERVICES, INC 03/28/2025
39084911 City Hall Copier Contract Feb 2025 238.85
39084911 City Hall Copier Contract Feb 2025 238.85
39089219 Feb. Black & Color meter usage 56.45
39089219 March Contract charge 252.08
39241652 Contract Charge March 2025 601.90
39241652 Maintanence and Service March 2025 114.62
39242669 PW Copier 1/1/25 to 3/31/25 427.30
39242670 Building Dept Meter 2/1/25-2/28/25 185.92
39242670 Building Dept Contract Charge 2/1/25-2/28/25 65.73 Total for Check Number 87338: 2,181.70
87339 3991 JOSH CAREY 03/28/2025
CareySL12 Per Diem- Supervisory Leadership Institute 4/13-4/16/25 (POST) 301.00 Total for Check Number 87339: 301.00
87340 4696 JEREMY CAZARES 03/28/2025
Reimbursement Paramedic license renewal State 300.00
Reimbursement Paramedic license renewal County 48.00
Total for Check Number 87340: 348.00
87341 4531 CENTRAL VALLEY GUNS 03/28/2025
16205 Sig P365 9mm (Ofc Ramirez) 540.00
Total for Check Number 87341: 540.00
87342 5092 CENTRAL VALLEY SPAY/NEUTER 03/28/2025
22025 TNR Services 155.00
Total for Check Number 87342: 155.00
87343 3551 CENTRAL VALLEY TOXICOLOGY 03/28/2025
339758 Single Drug Screen 26.00
AP Checks by Date - Detail by Check Date (4/9/2025 11:23 AM) Page 3 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
339758 Ethyl Alcohol 44.00
339758 Complete Drug Screen 130.00
339759 Complete Drug Screen 130.00
339759 Ethyl Alcohol 44.00
339759 Single Drug Screen 26.00
Total for Check Number 87343: 400.00
87344 3101 CITY OF SANGER FIRE 03/28/2025
IGT71-Kingsburg Health Mgmt Consulting fees for IGT for the month of Nov. 2024 273.70 IGT71-Kingsburg Health Mgmt Consulting fees for IGT for the month of Oct. 2024 305.90 IGT71-Kingsburg Health Mgmt Consulting fees for IGT for the month of Jan. 2025 1,738.80 IGT71-Kingsburg Health Mgmt Consulting fees for IGT for the month of Dec. 2024 241.50 IGT71-Kingsburg Health Mgmt Consulting fees for IGT for the month of Feb. 2025 692.30 Total for Check Number 87344: 3,252.20
87345 3102 CITY OF SELMA 03/28/2025
3483 Animal Control Services Jan 2025 5,000.00
3484 Animal Control Services Feb 2025 5,000.00
Total for Check Number 87345: 10,000.00
87346 4448 CORE & MAIN 03/28/2025
W341904 Curb Stop Wrench 210.31
Total for Check Number 87346: 210.31
87347 3134 CSJVRMA 03/28/2025
INV0233 Liability Program 4th Quarter 100,620.00
INV0233 Workers Comp Program 4th Quarter 139,902.00
Total for Check Number 87347: 240,522.00
87348 3137 NEIL DADIAN 03/28/2025
Fuel Reimbursement (Travel to CPCA Symposium) 61.44
Total for Check Number 87348: 61.44
87349 5002 DATA TICKET, INC 03/28/2025
177103 Citation Processing Services Feb 2025 205.58
Total for Check Number 87349: 205.58
87350 4615 EMERALD TEXTILES SERVICES 03/28/2025
EFRE-00234573 Linens, mats 3/9/25-3/15/25 252.58
Total for Check Number 87350: 252.58
87351 3765 EWING IRRIGATION 03/28/2025
019257672 Root Barrier for Trees Downtown 216.25
Total for Check Number 87351: 216.25
87352 4072 FAHRNEY FORD SALES 03/28/2025
250969 PW. #652 Oil Change 123.35
Total for Check Number 87352: 123.35
87353 3693 FERGUSON ENTERPRISES, INC. 03/28/2025
0025010 METER R9 replacements 4,854.84
AP Checks by Date - Detail by Check Date (4/9/2025 11:23 AM) Page 4 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for Check Number 87353: 4,854.84
87354 4609 FIVE CREATIVE GROUP 03/28/2025
35086 Kingsburg Downtown Business Dist Website Update 2,295.00 Total for Check Number 87354: 2,295.00
87355 3199 FMAAA 03/28/2025
02884 Non Qualified Meals 12/24/24 395.01
2874 Non Qualified Meals 11/24/24 307.23
Total for Check Number 87355: 702.24
87356 3747 C/O JOE GARZA FRESNO MADERA CO. POLICE CHIEF'S ASSOC. 03/28/2025 1121 Annual Membership Fee 2025 ( Chief Dadian) 400.00
Total for Check Number 87356: 400.00
87357 3721 DEREK GAGNON 03/28/2025
FTO4-06 Per Diem-POST Supervisor Course 4/14-4/15/25 POST PLAN IV 230.00 FTO4-06 Per Diem-FTO Supervisor 4/6-4/9/25 322.50
Total for Check Number 87357: 552.50
87358 5035 GLAM MA'S BOWTIQUE 03/28/2025
3/19/2025 Sales tax incentive; 3 Quarters 109.76
Total for Check Number 87358: 109.76
87359 3211 GRAINGER 03/28/2025
9448074865 Vinyl Glazing-PW 22.11
Total for Check Number 87359: 22.11
87360 3994 GUARDIAN 03/28/2025
4/1/25-4/30/25 Monthly Ins Premium 4/2025 Vol. Life Ins. 1,665.81 4/1/25-4/30/25 Monthly Ins Premium 4/2025 Guardian Dental 7,447.48 4/1/25-4/30/25 Monthly Ins Premium 4/2025 Life Employee 216.69 4/1/25-4/30/25 Monthly Ins Premium 4/2025 VSP Vision 1,099.42 4/1/25-4/30/25 Monthly Ins Premium 4/2025 Vol. Ins. Plans 1,658.47 Total for Check Number 87360: 12,087.87
87361 5095 HEALTH NET MEDI-CAL CLAIMS 03/28/2025
202410090592-KI Ambulance Overpayment Service Date: 10/9/2024 Lowthe, R 1,086.42 Total for Check Number 87361: 1,086.42
87362 3222 HENRY SCHEIN, INC. 03/28/2025
30390153 Medical Supplies 255.83
30712993 Medical Supplies 102.70
30919234 Medical Supplies 126.32
30982282 Medical Supplies 116.99
30999709 Medical Supplies 33.11
31005357 Medical Supplies 86.12
31232971 Medical Supplies 362.15
31455145 Medical Supplies 993.68
31875607 Medical Supplies 344.93
32324418 Medical Supplies 127.12
32498697 Medical Supplies 44.04
34272810 Medical Supplies 467.13
AP Checks by Date - Detail by Check Date (4/9/2025 11:23 AM) Page 5 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
37157069 Medical Supplies 147.51
37158393 Medical Supplies 147.51
37280708 Medical Supplies 316.21
37871516 Medical Supplies 195.60
38162744 Medical Supplies 43.87
38186557 Medical Supplies 243.58
38451563 Medical Supplies 292.96
Total for Check Number 87362: 4,447.36
87363 4497 ROLINDA HERNANDEZ 03/28/2025
per diem AFSS South-2025 AFSS educational Forum 4/1-4/4/25 Costa Mesa 322.50 Total for Check Number 87363: 322.50
87364 3225 HOME DEPOT CREDIT SERVICES 03/28/2025
85290005266820 Dala Horse Lighting/Install Draper 165.72 85291363720 New Tree Planting 86.45
Total for Check Number 87364: 252.17
87365 5073 JD FOOD 03/28/2025
3014672 Senoir Center Senior Meal Food Order 3,077.07
3014675 Senoir Center Senior Meal Food Order 830.01
3014754 Senoir Center Senior Meal Food Order 261.00
3016833 Senoir Center Senior Meal Food Order 2,624.14
Total for Check Number 87365: 6,792.22
87366 3242 JOE SAUBERT INC. 03/28/2025
53605 Fire Station #2 toliet paper 206.73
Total for Check Number 87366: 206.73
87367 3249 KAISER FOUNDATION HEALTH PLAN INC03/28/2025
April 2025 Med Ins. Premium - April 2025 4,637.09
Total for Check Number 87367: 4,637.09
87368 3887 KINGS INDUSTRIAL OCC. MED CTR., INC. 03/28/2025 277307 Lifeguard-Pre Employment exam-N Brett 185.73
277307 Police- Pre Employment- I. George 100.00
277307 Lifeguard-Pre Employment exam-A Bustillos 185.73 277313 Lifeguard-Pre Employment exams 1,911.30
277313 Police-Pre Employment- A Bustillos 562.73
Total for Check Number 87368: 2,945.49
87369 3253 KINGSBURG CHAMBER OF COMMERCE03/28/2025
1543 Sponsorship of Cultural Village 5,000.00
Total for Check Number 87369: 5,000.00
87370 3254 KINGSBURG CHEVRON 03/28/2025
Feb 2025 SRO Car Washes(Jimenez) 2x5 10.00
Feb 2025 Measure E Car Washes 11x5 55.00
Feb 2025 ACT Car Washes (Gomez) 2x5 10.00
Feb 2025 GF Car Washes 16x5 80.00
Total for Check Number 87370: 155.00
87371 4648 KINGSBURG EXPRESS LUBE INC. 03/28/2025
AP Checks by Date - Detail by Check Date (4/9/2025 11:23 AM) Page 6 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
60910 Service PD #1619 85.04
61001 Service PD #1628 85.04
61017 Service PW #740 85.04
61071 Service PD #2032 85.04
61196 Service PD #2035 85.04
61255 Service PD #2216 85.04
61449 Service PD #2201 107.54
61466 Service PD #2219 101.39
61491 Service PD #2138 85.04
Total for Check Number 87371: 804.21
87372 3259 KINGSBURG SUPERMARKET, INC. 03/28/2025
517741 Prisoner Meals 2/20/25 21.45
524873 FMCPCA Meeting Supplies 16.42
Total for Check Number 87372: 37.87
87373 4567 KOALA TREE SERVICE 03/28/2025
770 Tree removal Bicentennial park - alley 3,000.00
Total for Check Number 87373: 3,000.00
87374 4517 LECHOWICZ & TSENG MUNICIPAL CONSULTANTS 03/28/2025 INV #4 Water Rate Study Consultant 2/1/25 to 3/18/25 4,760.00 Total for Check Number 87374: 4,760.00
87375 3276 LIFE ASSIST INC 03/28/2025
1577455 Medical Supplies 320.90
Total for Check Number 87375: 320.90
87376 3277 LINCOLN AQUATICS 03/28/2025
Q2030350 Chlorine Well #13 506.57
Q203051 Chlorine Well #16 803.31
Total for Check Number 87376: 1,309.88
87377 5097 ANTONIA LOPEZ 03/28/2025
202409270541-K1 Ambulance Overpayment Service Date: 9/27/25 Lopez, A 41.40 Total for Check Number 87377: 41.40
87378 3293 MID VALLEY DISPOSAL 03/28/2025
Feb 2025 Feb 2025 Residential 103,420.57
Feb 2025 Franchise Fees Feb 2025 12,891.75
Feb 2025 Franchise Fees Feb 2025 -12,891.75
Feb 2025 Feb 2025 Multi 2-4 & Multi 5 less (3553.22) 20,134.91 Feb 2025 Feb 2025 Comm-less FF;s (9,338.53) 52,918.37
Total for Check Number 87378: 176,473.85
87379 4230 MUNICIPAL EMERGENCY SERVICES INC. 03/28/2025 2217583 Responder Parka Jacket- A Acevedo PT non safety 235.41 Total for Check Number 87379: 235.41
87380 3466 NAPA AUTO PARTS 03/28/2025
699626 PW Hose 2.16
700118 Ambient Air Temp Switch For PW #740 37.37
AP Checks by Date - Detail by Check Date (4/9/2025 11:23 AM) Page 7 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for Check Number 87380: 39.53
87381 4194 NELSON'S ACE HARDWARE-KINGSBURG03/28/2025
159359 PW Supplies 9.67
159398 PW Supplies 9.75
159506 PW Supplies 68.11
Total for Check Number 87381: 87.53
87382 4876 OAT & OAK LLC 03/28/2025
72286 BID Social Media Manager Feb 2025 2,500.00
Total for Check Number 87382: 2,500.00
87383 4583 CIERA ORTIZ 03/28/2025
01/09/2025 Columbia University- Tuition Reimbursement 543.00 03/22/2025 Petition to Graduate 100.00
Total for Check Number 87383: 643.00
87384 3315 P G & E 03/28/2025
03/14/2025 Electricity 2/13/25-3/14/25 Account-2493668675-7 30.67 03/14/2025 Electricity 2/13/25-3/14/25 Account-2493668675-7 30.67 03/14/2025 #2 Electricity 2/12/25-3/13/25 Account-5421414331-2 163.66 03/14/2025 #3 Electricity 2/13/25-3/14/25 Account-7502184272-1 4,711.30 03/14/2025 #3 Electricity 2/13/25-3/14/25 Account-7502184272-1 4,711.31 Total for Check Number 87384: 9,647.61
87385 3333 PRICE PAIGE&COMPANY, CERTIFIED PUBLIC ACCOUNTANT 03/28/2025 35294 Work in progress year end June 30,2024 3,906.00
35294 Work in progress year end June 30,2024 6,975.00
35294 Work in progress year end June 30,2024 3,069.00
Total for Check Number 87385: 13,950.00
87386 3337 PROVOST & PRITCHARD 03/28/2025
117773 On Call Services 2/1/25-2/28/25 164.15
117982 GIS Support 2/1/25-2/28/25 734.80
117989 G.P. Update 1,679.00
Total for Check Number 87386: 2,577.95
87387 4629 CHEYANNE RECORD 03/28/2025
03/19/2025 Sales Tax Incentive; 5 Quarters 12,513.93
Total for Check Number 87387: 12,513.93
87388 5017 RT NELSON COMPANY INC 03/28/2025
Pymt #3 Retention: Water Main Project: 5/19/23-8/1/24 13,272.62 Total for Check Number 87388: 13,272.62
87389 3369 SILVAS OIL COMPANY, INC. 03/28/2025
197406CT PW & CH Gas Card Chrgs 3/1/25-3/15/25 46.40
197406CT PW & CH Gas Card Chrgs 3/1/25-3/15/25 132.12
197406CT PW & CH Gas Card Chrgs 3/1/25-3/15/25 41.69
197406CT PW & CH Gas Card Chrgs 3/1/25-3/15/25 88.62
197406CT PW & CH Gas Card Chrgs 3/1/25-3/15/25 101.76
197406CT PW & CH Gas Card Chrgs 3/1/25-3/15/25 88.62
197406CT PW & CH Gas Card Chrgs 3/1/25-3/15/25 615.43
AP Checks by Date - Detail by Check Date (4/9/2025 11:23 AM) Page 8 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
197406CT PW & CH Gas Card Chrgs 3/1/25-3/15/25 177.44
197407CT ACT Fuel (Gomez) 401.12
197407CT KES Fuel (Jimenez) 98.99
197407CT ME Fuels 865.37
197407CT GF Fuels 1,910.92
197408CT Fuel Measure E 3/1/25-3/15/25 791.68
197408CT Fuel Fire 3/1/25-3/15/25 791.68
197408CT Fuel Ambulance 3/1/25-3/15/25 791.68
Total for Check Number 87389: 6,943.52
87390 4262 SILVERFOX ELECTRIC, INC. 03/28/2025
3597 PD Wall Packs 208.49
3614 Lights PD 415.79
Total for Check Number 87390: 624.28
87391 3380 STATE OF CALIFORNIA-D O J 03/28/2025
801070 Record Review-Billed Qty. 1 25.00
801070 Fingerprint Apps Feb 2025 Qty. 8 256.00
801070 Fingerprint FBI Qty. 6 102.00
806211 Blood Alcohol Analysis Feb 2025 Qty. 1 35.00
Total for Check Number 87391: 418.00
87392 3397 THE GAS COMPANY 03/28/2025
03/12/2025 Gas Services for city dates: 2/6/25-3/10/25 389.18 03/12/2025 Gas Services for city dates: 2/6/25-3/10/25 199.36 03/12/2025 Gas Services for city dates: 2/6/25-3/10/25 133.16 03/12/2025 Gas Services for city dates: 2/6/25-3/10/25 264.31 03/12/2025 Gas Services for city dates: 2/6/25-3/10/25 4,744.31 03/12/2025 Gas Services for city dates: 2/6/25-3/10/25 276.26 03/12/2025 Gas Services for city dates: 2/6/25-3/10/25 79.34 03/12/2025 Gas Services for city dates: 2/6/25-3/10/25 795.56 03/12/2025 Gas Services for city dates: 2/6/25-3/10/25 179.77 Total for Check Number 87392: 7,061.25
87393 3419 VIKING CLEANING SERVICE 03/28/2025
03/25/25 Pool Restroom Cleaning 3/25/25 550.00
Total for Check Number 87393: 550.00
87394 3493 VILLAGE TIRE SALES INC 03/28/2025
27911 Fix Flat Tire PW Trailer 25.00
Total for Check Number 87394: 25.00
87395 4468 FER YANG 03/28/2025
03/20/2025 University of Phoenix-Tuition Reimbursement 1,364.00 Total for Check Number 87395: 1,364.00
Total for 3/28/2025: 579,357.20
ACH 3231 ICMA RETIREMENT CORP - WIRE 457 04/04/2025
PR Batch 00003.03.2025 457 Mission Square PR Batch 00003.03.2025 457 Mission Square 7,944.80 PR Batch 00003.03.2025 457 Percent - Mission Square PR Batch 00003.03.2025 457 Percent - Mission Square 666.78 Total for this ACH Check for Vendor 3231: 8,611.58
AP Checks by Date - Detail by Check Date (4/9/2025 11:23 AM) Page 9 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
ACH 3470 Internal Revenue Service - ACH 04/04/2025
PR Batch 00003.03.2025 FICA Employee Portion PR Batch 00003.03.2025 FICA Employee Portion 18,703.14 PR Batch 00003.03.2025 FICA Employer Portion PR Batch 00003.03.2025 FICA Employer Portion 18,703.14 PR Batch 00003.03.2025 Medicare Employer Portion PR Batch 00003.03.2025 Medicare Employer Portion 4,374.16 PR Batch 00003.03.2025 Federal Income Tax PR Batch 00003.03.2025 Federal Income Tax 28,106.43 PR Batch 00003.03.2025 Medicare Employee Portion PR Batch 00003.03.2025 Medicare Employee Portion 4,374.16 Total for this ACH Check for Vendor 3470: 74,261.03
ACH 3471 Employment Development Department - ACH04/04/2025 PR Batch 00003.03.2025 State Income Tax PR Batch 00003.03.2025 State Income Tax 10,890.46 PR Batch 00003.03.2025 CA SDI PR Batch 00003.03.2025 CA SDI 3,170.24 Total for this ACH Check for Vendor 3471: 14,060.70
ACH 3472 CalPERS - ACH 04/04/2025
PR Batch 00003.03.2025 PERS Misc. Classic PR Batch 00003.03.2025 PERS Misc. Classic 2,755.19 PR Batch 00003.03.2025 PERS Safety Police ER PR Batch 00003.03.2025 PERS Safety Police ER 3,877.43 PR Batch 00003.03.2025 PERS Safety Fire ER PR Batch 00003.03.2025 PERS Safety Fire ER 5,227.88 PR Batch 00003.03.2025 PERS Safety Police PEPRPR Batch 00003.03.2025 PERS Safety Police PEPR A ER A ER 9,790.04 PR Batch 00003.03.2025 PERS Safety Fire PEPRA ER PR Batch 00003.03.2025 PERS Safety Fire PEPRA ER 6,429.86 PR Batch 00003.03.2025 PERS Safety Fire PEPRAPR Batch 00003.03.2025 PERS Safety Fire PEPRA 5,966.10 PR Batch 00003.03.2025 PERS Misc. PEPRA ER PR Batch 00003.03.2025 PERS Misc. PEPRA ER 5,304.77 PR Batch 00003.03.2025 PERS Safety Fire -ClassicPR Batch 00003.03.2025 PERS Safety Fire -Classic 2,018.00 PR Batch 00003.03.2025 PERS Safety Police PR Batch 00003.03.2025 PERS Safety Police 1,495.10 PR Batch 00003.03.2025 PERS Reported FLSA PR Batch 00003.03.2025 PERS Reported FLSA 1,781.61 PR Batch 00003.03.2025 PERS Misc. Classic ER PR Batch 00003.03.2025 PERS Misc. Classic ER 4,756.38 PR Batch 00003.03.2025 PERS Safety Police PEPRAPR Batch 00003.03.2025 PERS Safety Police PEPRA 10,241.99 PR Batch 00003.03.2025 PERS Misc. PEPRA PR Batch 00003.03.2025 PERS Misc. PEPRA 5,223.88 Total for this ACH Check for Vendor 3472: 64,868.23
ACH 4707 ICMA-WIRE 401(A) 04/04/2025
PR Batch 00003.03.2025 Def Comp 401(a) ICMAPR Batch 00003.03.2025 Def Comp 401(a) ICMA 250.00 Total for this ACH Check for Vendor 4707: 250.00
87396 5098 VEHICLE REGISTRATION COLLECTIONS FTB 04/04/2025 PR Batch 00003.03.2025 CA Veh Reg Coll PR Batch 00003.03.2025 CA Veh Reg Coll 206.00 Total for Check Number 87396: 206.00
87397 3525 Kingsburg Police KPOA 04/04/2025
PR Batch 00003.03.2025 KPOA Union Dues PR Batch 00003.03.2025 KPOA Union Dues 1,160.00 Total for Check Number 87397: 1,160.00
87398 3660 KPFA 04/04/2025
PR Batch 00003.03.2025 Professional Firefighters Asc. PR Batch 00003.03.2025 Professional Firefighters Asc. 720.00 Total for Check Number 87398: 720.00
Total for 4/4/2025: 164,137.54
Report Total (75 checks): 743,494.74
AP Checks by Date - Detail by Check Date (4/9/2025 11:23 AM) Page 10

CITY COUNCIL MEETING STAFF REPORT
REPORT TO:

REPORT FROM:

Mayor Pursell & City Council
Chief Neil Dadian REVIEWED BY: AP
AGENDA ITEM: Annual Report on Military Equipment Use per Policy 706 ACTION REQUESTED: ___Ordinance ___Resolution ____Motion __√__Receive/File EXECUTIVE SUMMARY:

This report provides an overview of the Kingsburg Police Department's compliance with Policy 706 regarding military equipment. It confirms that no military equipment was acquired, used, or maintained during the reporting period. The report also highlights compliance activities and the absence of fiscal impact.

SUMMARY OF MILITARY EQUIPMENT
As of the reporting period from January 1, 2024, to December 31, 2024, the Kingsburg Police Department has not acquired or maintained any equipment classified as military equipment under Policy 706 and California Government Code sections 7070-7072.

The inventory of military equipment remains as follows:

Military Equipment Inventory
• Firearms and Ammunition: None
• Armored Vehicles: None
• Explosives and Pyrotechnics: None
• Other Specialized Equipment: None

ACTIVITIES AND OVERSIGHT
During the reporting period, the following activities were conducted:

1. Compliance Audit: A compliance review was completed to ensure no unauthorized acquisitions or use of military equipment.

2. Training: Relevant department personnel were briefed on Policy 706 requirements to ensure ongoing compliance with state and departmental policies.

3. Community Engagement: No public complaints or concerns related to military equipment use were received during the reporting period.

RECOMMENDED ACTION BY CITY COUNCIL:

1. Receive and file the annual report on military equipment use pursuant to Policy 706.

2. Confirm continued compliance with California Government Code sections 7070 to 7072.

POLICY ALTERNATIVE(S):

1. Request additional information or clarification regarding the report.

2. Propose changes to Policy 706 for future implementation.

STRATEGIC GOAL(S) MET:

1. Community Safety
FINANCIAL INFORMATION:

Meeting Date: 04/16/2025
Agenda Item: 3

Page 2 of 2 ends

PRIOR ACTION/REVIEW:

No prior actions or reviews regarding military equipment use were required during this reporting period.

BACKGROUND INFORMATION:

Policy 706 of the Kingsburg Police Department outlines the requirements for the approval, acquisition, and reporting of military equipment to ensure compliance with state laws and promote transparency and accountability. The policy mandates the Military Equipment Coordinator to prepare an annual report for submission to the governing body.

ATTACHED INFORMATION

1. Policy 706 – Military Equipment Use (for reference)
FISCAL IMPACT:

1. Is There A Fiscal Impact? No

2. Is it Currently Budgeted? No

3. If Budgeted, Which Line? N/A

CITY COUNCIL MEETING STAFF REPORT
REPORT TO:

REPORT FROM:

AGENDA ITEM:

Mayor Pursell & City Council
Rodnie Roberts, Fire Chief REVIEWED BY: AP
Surplus of 2001 Chevy Tahoe and 2001 Freightliner Ambulance ACTION REQUESTED: ___Ordinance ____Resolution √ Motion ______Receive/File

EXECUTIVE SUMMARY
The Fire Department requests to surplus and sell two vehicles that have served the community for the past 24 years. One of these, a 2001 Chevy Tahoe, was utilized as a staff vehicle by the fire chief and line personnel for out-of-county responses. With 247,628 miles, the vehicle is no longer cost-effective to maintain.

However, the Huntington Lake Volunteer Fire Department has expressed interest in acquiring the Tahoe, indicating that it could still be used within their community.

The 2001 Freightliner Ambulance has over 400,000 miles and has been sitting for several years. It needs mechanical repair and is not cost-effective for the department to maintain. Hume Lake Fire & Rescue indicated that they need an ambulance to transport patients to rendezvous with the ambulance responding up the mountain.

Both mountain communities respond to emergency incidents with limited budgets. We propose that each pay $1 for each vehicle. The City of Kingsburg has benefited from the generosity of various fire departments in the past through the donation of vehicles and equipment, and views this as an opportunity to pay that generosity forward to smaller departments."

RECOMMENDED ACTION BY CITY COUNCIL

1. Adopt Resolution 2025-024 approving the surplus of the fire department vehicles 2001 Chevy Tahoe and 2001 Freightliner Ambulance; and approve the sale of the 2001 Chevy Tahoe to Huntington Lake Volunteer Fire Department and 2001 Freightliner Ambulance to Hume Lake Fire & Rescue.

POLICY ALTERNATIVE(S)

1. The City Council may choose not to approve the surplus and sale of the Chevy Tahoe and Freightliner Ambulance, which would result in the department continuing to incur maintenance and insurance costs for these obsolete vehicles.

REASON FOR RECOMMENDATION/KEY METRIC

1. Financial Stability

2. Community Safety

FINANCIAL INFORMATION
Meeting Date: 04/16/2025
Agenda Item: 4
FISCAL IMPACT:

1. Is There A Fiscal Impact? Yes

2. Is it Currently Budgeted? No

3. If Budgeted, Which Line? N/A

BACKGROUND INFORMATION
These actions are usual and customary with surplus equipment.

ATTACHMENTS

1. Resolution 2025-024

2. Description of the vehicles.

RESOLUTION NO. 2025-024

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF KINGSBURG DECLARING A CERTAIN FIRE VEHICLE AS SURPLUS WHEREAS, from time to time the City has vehicles that are no longer in use; and WHEREAS, the Fire Department has declared this vehicle surplus and ready for appropriate disposal; and
WHEREAS, the surplus vehicle is identified as follows:

Item VIN#:
2001 Chevy Tahoe 1GNEK13T91J2162
2021 Freightliner Ambulance 1FVACWCT34HM58924
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Kingsburg does hereby approve the request to declare afore mentioned vehicle surplus and approves disposal as appropriate.
*******
I, Abigail Palsgaard, City Clerk of the City of Kingsburg, do hereby certify that the foregoing resolution was duly passed and adopted at a regular meeting of the Kingsburg City Council held on the 16h day of April, 2025, by the following vote:

Ayes: Councilmembers:

Noes: Councilmembers:

Absent: Councilmembers:

Abstain: Councilmembers:

Abigail Palsgaard, City Clerk
City of Kingsburg
Attachment #1
Inventory Number: 40103
Unit- U140
Vin Number: 1GNEK13T91J2162
License Plate: 1306276
Make: General Motors (Chevy)
Model: Tahoe (Chiefs Vehicle)
Year: 2001
Inventory Number: 40101
Unit- Support 142
Vin Number: 1FVACWCT34HM58924
License Plate:1153191
Make: Freightliner
Model: Business Class
Ambulance
Year01/2001

CITY COUNCIL MEETING STAFF REPORT
REPORT TO:

REPORT FROM: REVIEWED BY: AJH
AGENDA ITEM:

Mayor Pursell & City Council
Alma Colado, Finance Director
2024-2025 Transportation Development Act (TDA) claim
ACTION REQUESTED: ____ Ordinance __Resolution ___Motion ____Receive/File

EXECUTIVE SUMMARY
The City of Kingsburg receives payments from the Council of Fresno County Governments for the following allocations related to local transportation funding:

1. Article 8: $554,573 for development, construction, and maintenance of streets.

2. Article 3: $15,075 for bicycle and pedestrian facilities.

These funds are identified as “Special Revenue” for our budgeting purposes and are held separate from the City’s General Fund. The funds are used for several permitted activities, including:

1. Streets Reconstruction.

2. Regular maintenance (potholes, striping, slurry seal, sidewalk improvements, etc.)

3. Street landscaping maintenance, including contract work

4. Street lighting improvements and utility bills

RECOMMENDED ACTION BY THE CITY COUNCIL

1. Staff recommends City Council accept the Funding Claim for Local Transportation Funds (TDA) and State Transit Assistance Funds (STAF) apportionment and authorize the Finance Director to sign and submit the Fiscal Year 2024-2025 Transportation Funding Claim.

POLICY ALTERNATIVE(S)

1. NA

REASON FOR RECOMMENDATION/KEY METRIC

1. Financial Stability

2. Community Safety

FINANCIAL INFORMATION
Meeting Date: 04/16/2025
Agenda Item: 5
FISCAL IMPACT:

1. Is There A Fiscal Impact? Yes

2. Is it Currently Budgeted? Yes

3. If Budgeted, Which Line? 104-0000-403-0702

PRIOR ACTION/REVIEW
None

BACKGROUND INFORMATION
The Local Transportation Fund collects and distributes ¼ of 1¢ of the State Sales Tax collected pursuant to the Transportation Development Act of 1971. The City of Kingsburg’s allocation amounts to $554,573 for Article VIII and $15,075 for Article III. Other agencies receive $338,885 of Kingsburg’s total allocation of $908,533 (the majority of which goes to Fresno County Rural Transit Agency (FCTRA). Back in the 1970s, FCOG used to allocate transit money directly to the cities, but they weren’t using it appropriately and FCRTA was formed as a result of a lawsuit filed by transit advocates and Caltrans.

The total transportation funds allocated to the City of Kingsburg are distributed as follows:

1. Bicycle & Pedestrian (Art. 3) $ 15,075

2. Regional Transportation Planning 21,053*

3. Community Transit Services Agency (Art. 4.5) 36,647*

4. Streets & Roads (Art. 8) 554,573

5. Fresno County Rural Transit Agency (LTF) 126,136

6. Fresno County Rural Transit Agency (STA) 155,049*
Total Claim $908,533
*Total amount to other Agencies $338,885
Total amount to City $569,648
ATTACHED INFORMATION:

1. Resolution 2025-025

2. Transportation Funding Claim for Fiscal Year 2024/25

RESOLUTION NO. 2025-025

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF KINGSBURG

SUBMITTING A CLAIM FOR TRANSPORTATION DEVELOPMENT ACT (TDA) FUNDS CONTINUING FROM THE 2024-2025 FISCAL YEAR, THEREBY COINCIDING

WITH THE FRESNO COUNCIL OF GOVERNMENTS

POLICY BOARD APPROVAL OF TDA FUNDS

APPORTIONMENT AND TDA CLAIMS PROCESS
WHEREAS, the City of Kingsburg hereby submits a TDA Funding Claim for the Local Transportation Fund, and State Transit Assistance Fund of Fresno County continuing from fiscal year 2024-2025; and thereafter; and
WHEREAS, the Fresno COG has the authority to review claims and allocate such funds in accordance with the Transportation Development Act of 1971 and Chapter 3 of Title 21 of the California Administrative Code; and
WHEREAS, the Fresno COG encourages inter-jurisdictional coordination of transportation needs and increased coordination of transportation implementation plans.

NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Kingsburg hereby requests that the Fresno COG allocate the amounts approved by resolution by the Fresno COG Policy Board, from the Local Transportation Fund, and State Transit Assistance Fund to the named applicant for fiscal year 2024-2025; and thereafter for the purposes allowed under Articles 3, 4.5 and 8 of the Transportation Development Act of 1971, as identified in the attached claim and which is in accordance with the adopted Regional Transportation Plan.

BE IT FURTHER RESOLVED, that the City Council of the City of Kingsburg hereby requests that of the City's total Transportation Fund Apportionment for fiscal year 2024-2025; and thereafter, in the amount approved by resolution by the Fresno COG Policy Board, be allocated from the Local Transportation Fund to the Fresno COG for the purpose of conducting Regional Transportation Planning.

BE IT FURTHER RESOLVED, that the City Council of the City of Kingsburg hereby requests that of the City's total Transportation Fund Apportionment for fiscal year 2024-2025; and thereafter, in the amount approved by resolution by the Fresno COG Policy Board, be allocated to the Fresno County Rural Transit Agency for the purpose of conducting a transportation program consistent with the adopted Regional Transportation Plan.

BE IT FURTHER. RESOLVED, that the named applicant further agrees to provide the Fresno COG with such information as may be necessary to support its annual transportation claim.

PASSED AND ADOPTED at a regular meeting of the City Council of the City of Kingsburg duly called and held on the 16th day of April, 2025, by the following vote:

AYES: Council Member(s):

NOES: Council Member(s):

ABSTAIN: Council Member(s):

ABSENT: Council Member(s):
_____________________________
Abigail Palsgaard, City Clerk

STATE OF CALIFORNIA )
COUNTY OF FRESNO ) ss

CITY OF KINGSBURG )
I, Abigail Palsgaard, City Clerk of the City of Kingsburg, do hereby certify the foregoing Resolution was duly passed and adopted by the City Council of the City of Kingsburg at a regular meeting thereof held on the 16th day of April, 2025.

Dated: April 16, 2025 _______________________________
Abigail Palsgaard, City Clerk

CITY COUNCIL MEETING STAFF REPORT
REPORT TO: Mayor Pursell & City Council
REPORT FROM: Alma Colado, Finance Director REVIEWED BY: AJH AGENDA ITEM: 2023-2024 Annual Comprehensive Financial Report ACTION REQUESTED: ___Ordinance ___Resolution _√_ Motion ____Receive/File

EXECUTIVE SUMMARY
The City of Kingsburg’s Financial Statements for the Fiscal Year ending June 30, 2024, have been audited by an independent accounting firm. An Unqualified Opinion (clean opinion) has been issued, indicating that the financial statements present a fair and accurate view of the City’s financial position.

Anthony Gonzales from Price Paige & Company will present the audited financial statements for the fiscal year ending June 30, 2024.

Key Highlights:
• General Fund: Revenues exceeded expenditures by $261,853 (excluding interfund transfers), primarily due to increases in property tax collections, service fees, permit revenues, and other tax sources.
• Measure E Fund: Expenditures exceeded revenues by $668,055. This included a planned spending of reserves for capital items.
• Ambulance Fund: Experienced an operating deficit of $1,791,111, which was offset through interfund transfers and grant funding, mainly the Federal Intergovernmental Transfer (IGT), which provides gap funding for ambulance transports where we are unable to collect total costs via insurance. Overall, the Ambulance fund is operating in a positive position. • Water Fund: Reported an operating deficit of $1,167,720, which included an inter-fund transfer of non-encumbered funds (via a lawsuit settlement) and costs associated with Sustainable Groundwater Management Act activities.
• Disposal Fund: Revenues exceeded expenditures by $35,883. Attributed to a revised rate structure that is bringing the fund back into balance.

Included in your packet is a five-year major fund comparison of revenues and expenditures. This provides a longterm financial summary and fund performance trends.

RECOMMENDED ACTION BY CITY COUNCIL

1. Accept the financial statements for the year ending June 30, 2024.

POLICY ALTERNATIVE(S)

1. NA

REASON FOR RECOMMENDATION/KEY METRIC

1. Financial Stability
Meeting Date: 04/16/2025
Agenda Item: 6

Page 2 of 2 ends

FINANCIAL INFORMATION

ATTACHED INFORMATION

1. Financial Statements

2. 5-year major fund revenue/expenditure summary

3. Presentation
FISCAL IMPACT:

1. Is There A Fiscal Impact? Yes

2. Is it Currently Budgeted? N/A

3. If Budgeted, Which Line? N/A

City of Kingsburg
California

CITY OF KINGSBURG

CALIFORNIA
2023‐2024
Annual Comprehensive
Financial Report
For the Fiscal Year July 1, 2023 to June 30, 2024
CITY OF KINGSBURG | FOR THE FISCAL YEAR ENDED JUNE 30, 2024 Annual Comprehensive Financial Report

TABLE OF CONTENTS
PAGE

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

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

Government-Wide Financial Statements:

Statement of Net Position ........................................................................................................................................... 18 Statement of Activities ................................................................................................................................................ 19 Fund Financial Statements:

Governmental Funds:

Balance Sheet ....................................................................................................................................................... 21 Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net Position ................................................................................................... 22 Statement of Revenues, Expenditures and Changes in Fund Balances ............................................................... 23 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government-Wide Statement of Activities ............................................ 24 Proprietary Funds:

Statement of Proprietary Net Position ................................................................................................................ 25 Statement of Revenues, Expenses and Changes in Proprietary Net Position ...................................................... 26 Statement of Cash Flows ...................................................................................................................................... 27 Fiduciary Funds:

Statement of Fiduciary Net Position .................................................................................................................... 29 Statement of Changes in Fiduciary Net Position .................................................................................................. 30 Notes to the Basic Financial Statements ............................................................................................................................ 32 CITY OF KINGSBURG | JUNE 30, 2024
Annual Comprehensive Financial Report
TABLE OF CONTENTS (Continued)
PAGE
Required Supplementary Information:

Budgetary Comparison Schedules:

General Fund ............................................................................................................................................................... 65 Measure E Fund .......................................................................................................................................................... 66 Pension Plans:

Cost-Sharing Multiple-Employer Defined Benefit Plan:

Schedule of Proportionate Share of Net Pension Liability ................................................................................... 68 Schedule of Contributions .................................................................................................................................... 69 Notes to the Required Supplementary Information .......................................................................................................... 70 Combining and Individual Nonmajor Fund Financial Statements and Schedules:

Nonmajor Governmental Funds:

Measure C Fund ................................................................................................................................................... 80 Local Transportation Fund ................................................................................................................................... 81 Gas Tax Fund ........................................................................................................................................................ 82 Senior Center Fund .............................................................................................................................................. 83 COPS Grant Fund .................................................................................................................................................. 84 San Joaquin Valley Air Grant Fund ....................................................................................................................... 85 Low and Moderate Housing Asset Fund .............................................................................................................. 86 Vehicle Abandonment Fund................................................................................................................................. 87 ACT Task Force Grant Fund .................................................................................................................................. 88 Park Improvements Fund ..................................................................................................................................... 89 School Resource Officer Fund .............................................................................................................................. 90 Forgivable Loan Program Fund (RTTPF) ............................................................................................................... 91 CITY OF KINGSBURG | JUNE 30, 2024
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 ............................................................................................................................................ 92 Combining Statement of Revenues, Expenditures and Changes in Fund Balances .................................................... 93 Budgetary Comparison Schedule – Kingsburg Joint Powers Authority Fund .............................................................. 94 Budgetary Comparison Schedule – Assessment District Fund .................................................................................... 95 Nonmajor Capital Projects Funds:

Sewer Connection Fund ....................................................................................................................................... 98 Storm Drain Fund ................................................................................................................................................. 99 Parks and Recreation Fund ................................................................................................................................ 100 Equipment Replacement Fund ........................................................................................................................... 101 Linnea Villa Public Project Fund ......................................................................................................................... 102 Capital Facilities Fund ........................................................................................................................................ 103 Streets Project Fund ........................................................................................................................................... 104

STATISTICAL SECTION
Financial Trends:

Net Position by Component – Last Ten Fiscal Years ......................................................................................................... 107 Changes in Net Position – Last Ten Fiscal Years ............................................................................................................... 108 Fund Balances of Governmental Funds – Last Ten Fiscal Years ....................................................................................... 110 Changes in Fund Balances of Governmental Funds – Last Ten Fiscal Years ..................................................................... 111 Revenue Capacity:

Assessed Value and Estimated Actual Value of Taxable Property – Last Ten Fiscal Years ............................................... 112 Assessed Value of Taxable Property – Last Five Fiscal Years ............................................................................................ 113 Tax Revenues by Source – Governmental Activities – Last Ten Fiscal Years .................................................................... 114 Direct and Overlapping Property Tax Rates – Last Seven Fiscal Years ............................................................................. 115 Principal Property Taxpayers – Current Year and Nine Years Ago ................................................................................... 116 Property Tax Levies and Collections – Last Ten Fiscal Years ............................................................................................ 117 CITY OF KINGSBURG | JUNE 30, 2024
Annual Comprehensive Financial Report
TABLE OF CONTENTS (Continued)
STATISTICAL SECTION (Continued)
Debt Capacity:

Ratios of Outstanding Debt by Type – Last Ten Fiscal Years ............................................................................................ 118 Ratios of General Bonded Debt Outstanding – Last Ten Fiscal Years ............................................................................... 119 Direct and Overlapping Governmental Activities Debt .................................................................................................... 120 Legal Bonded Debt Margin Information ........................................................................................................................... 121 Demographic and Economic Information:

Demographic and Economic Statistics – Last Seven Fiscal Years ..................................................................................... 122 Principal Employers – Current Year and Seven Years Ago ............................................................................................... 123 Operating Information:

Full-Time Equivalent Employees by Function – Last Ten Fiscal Years .............................................................................. 124 Operating Indicators by Function – Last Ten Fiscal Years ................................................................................................ 125 Capital Assets Statistics by Function – Last Ten Fiscal Years ............................................................................................ 126

INTRODUCTORY SECTION
i
ii
iii
iv
v
vi
vii
viii
ix
CITY OF KINGSBURG | JUNE 30, 2024
List of Elected and Appointed Officials
x
Elected Officials
Mayor Brandon Pursell Jr.

Mayor Pro Tem Vince Palomar
Council Member Laura North
Council Member Staci Smith
Council Member David M. Silva
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 Rodnie Roberts
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, 2024, 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, 2024, 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 as listed in the table of contents 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. 3 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 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 March 18, 2025, 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
March 18, 2025
4 MANAGEMENT’S DISCUSSION AND ANALYSIS
CITY OF KINGSBURG | JUNE 30, 2024
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, 2024. 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 Annual Comprehensive 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 primary government.

The government-wide financial statements can be found on pages 18-19 of this report.

CITY OF KINGSBURG | JUNE 30, 2024
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 government’s 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 nineteen 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 Fund, Measure E Fund, Capital Facilities Fund and Streets Projects Fund. 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, Measure E Fund, Capital Facilities Fund and Streets Projects Fund to demonstrate compliance with this budget and can be found on pages 64-68.

The governmental fund financial statements can be found on pages 21-24 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 25-27 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 29-30 of this report.

CITY OF KINGSBURG | JUNE 30, 2024
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 32-62 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 65-66 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 68-91 of this report.

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

I. Statement of Net Position
Condensed Statement of Net Position
2024 2023
Assets 68,921,265 $ 63,204,355 $ Government-wide total assets at fiscal year ending June 30, 2024 increased by $5,716,910 which is 9.% higher than fiscal year ending June 30, 2023 Liabilities 17,580,166 $ 13,706,922 $ Government-wide total liabilities at fiscal year ending June 30, 2024 increased by $3,873,244 which is 28.3% higher than fiscal year ending June 30, 2023 Deferred
Outflows/Inflows of
Resources
$ 3,520,878 3,734,177 $ 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 55,075,276 $ 53,018,311 $ The Net Position (assets less liabilities) at fiscal year ending June 30, 2024 increased by $2,056,965 which is 3.9% more than fiscal year ending June 30, 2023. The net position includes a net amount of $3,734,177 of deferred outflows/inflows of resources.

CITY OF KINGSBURG | JUNE 30, 2024
Management’s Discussion and Analysis
8 Statement of Net Position (Detail)
2024 2023 2024 2023 2024 2023
Assets:

Current and other assets 27,716,599 $ 25,948,000 $ (336,553) $ (927,103) $ 27,380,046 $ 25,020,897 $ Capital assets 30,615,824 26,100,054 10,925,395 12,083,404 41,541,219 38,183,458 Total assets 58,332,423 52,048,054 10,588,842 11,156,301 68,921,265 63,204,355 Deferred Outflows of Resources:

Total deferred outflows of resources 2,959,024 3,064,594 1,183,658 1,246,758 4,142,682 4,311,352 Liabilities:

Current and other liabilities 6,689,617 3,621,541 2,581,066 2,412,458 9,270,683 6,033,999 Long-term liabilities 5,860,734 5,386,421 2,448,749 2,286,502 8,309,483 7,672,923 Total liabilities 12,550,351 9,007,962 5,029,815 4,698,960 17,580,166 13,706,922 Deferred Inflows of Resources:

Total deferred inflows of resources 269,400 551,149 139,105 239,325 408,505 790,474 Net Position:

Net investment in capital assets 27,818,069 24,377,392 9,447,552 10,488,898 37,265,621 34,866,290 Restricted 15,039,704 14,157,183 - - 15,039,704 14,157,183 Unrestricted 5,613,923 7,018,962 (2,843,972) (3,024,124) 2,769,951 3,994,838 Total net position 48,471,696 $ 45,553,537 $ 6,603,580 $ 7,464,774 $ 55,075,276 $ 53,018,311 $ Governmental Activities Business-Type Activities Total
Of the total net position, $37,265,621 or 64% 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 are still outstanding.

The Statement of Net Position reflects a net effect of $3,734,177 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 $8,309,483 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 $15,039,704 or 28% 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 $5,613,923 while the business-type activities account for a deficit of $2,843,972. 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 $48,471,696 or 88% of the total government-wide net position. This is an increase of $2,918,159 or 6% over the governmental net position ending balance due to an increase in investment in capital assets.

CITY OF KINGSBURG | JUNE 30, 2024
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 19.
2024 2023
Operating revenues $ 27,685,381 26,430,378 $
Operating expenses 26,160,142 24,701,487
Increase in net position 1,525,239 1,728,891
Error correction (see footnote 14) - 328,074
Net position, beginning of year 51,493,072 53,018,311
Net position, end of year $ 53,018,311 55,075,276 $
Changes in Net Position (Detail)
2024 2023 2024 2023 2024 2023

REVENUES
Program revenues:

Charges for services 1,765,976 $ 1,667,353 $ 8,009,940 $ 10,570,131 $ 9,775,916 $ 12,237,484 $ Operating grants 2,428,127 2,473,952 2,295,127 2,130,047 4,723,254 4,603,999 Capital grants 1,481,502 1,490,462 - - 1,481,502 1,490,462 General revenues:

Property taxes 2,491,557 2,113,382 - - 2,491,557 2,113,382 Sales and use taxes 4,274,956 4,281,190 - - 4,274,956 4,281,190 Other taxes 2,533,596 2,390,317 - - 2,533,596 2,390,317 American Rescue Plan Act (ARPA) - - - - - -
Gain on sale of assets 36,903 - - 4,449 36,903 4,449
Rent, interest and other 1,047,546 525,610 65,148 38,488 1,112,694 564,098 Total revenues 14,942,266 16,060,163 10,370,215 12,743,115 26,430,378 27,685,381

EXPENSES
General government 2,699,908 2,524,957 - - 2,699,908 2,524,957 Parks and community services 901,887 930,517 - - 901,887 930,517 Public safety 6,565,174 5,678,130 - - 6,565,174 5,678,130 Public works 756,263 683,806 - - 756,263 683,806
Highway and streets 1,239,528 1,363,268 - - 1,239,528 1,363,268 Planning and community 860,918 1,191,530 - - 860,918 1,191,530 Interest - 69,661 - - - 69,661
Water - - 3,713,756 3,150,628 3,713,756 3,150,628
Disposal - - 3,190,123 2,643,750 3,190,123 2,643,750
Ambulance/fire - - 4,773,930 7,923,895 4,773,930 7,923,895 Total expenses 12,441,869 13,023,678 11,677,809 13,718,273 24,701,487 26,160,142 Increase (decrease) in net position
before transfers 3,036,485 2,500,397 (1,307,594) (975,158) 1,728,891 1,525,239 Transfers in(out) (466,636) 1,896,915 466,636 (1,896,915) - - Increase (decrease) in net position 2,569,849 4,397,312 (840,958) (2,872,073) 1,728,891 1,525,239 Net Position - beginning, as previously reported 45,553,537 41,156,225 7,464,774 10,336,847 53,018,311 51,493,072 Error correction (see footnote 14) 348,310 - (20,236) - 328,074 - Net Position - beginning, as restated 45,901,847 41,156,225 7,444,538 10,336,847 53,346,385 51,493,072 Net Position - end of year 48,471,696 $ 45,553,537 $ 6,603,580 $ 7,464,774 $ 55,075,276 $ 53,018,311 $ Governmental Activities Business-Type Activities Total
Total governmental revenues for the year were $16,060,163 with charges for services comprising of 11% of the total revenue. Taxes, which include property, sales and other taxes, account for $9,300,109 or 58% of the City’s governmental activities revenue. The increase in revenues is due to increases to property taxes, service fees, permits and use of property.

CITY OF KINGSBURG | JUNE 30, 2024
Management’s Discussion and Analysis
10 Total governmental expenses for the year were $13,023,678. Public Safety accounts for $6,565,174 or 50% of the total governmental activity expenses, followed by Highways and Streets, Parks and Community Services, Public Works, General Government, and Planning and Community with $1,239,527, $901,887, $756,263, $2,699,908, $860,918 or 10%, 7%, 6%, 21%, 7% respectively. The increases in expenses are due to recording the Solar equipment lease-purchase agreement and 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
Charges for Services
11% Operating Grants
15%
Capital Grants
9%
Property Taxes
16%
Sales Taxes and Uses
Taxes
27%
Other Taxes
16%
Rents, Interest &
Other
6%
Program revenues which include charges for services, grant revenues and developer capital contributions account for $5,675,605 or approximately 35% 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 $6,603,580 or 12% of the total government-wide net position. This is a decrease of $861,194 or 13% compared to June 30, 2023. Charges for current services account for $8,009,940 or 77% of the total business-type activity revenue (excluding transfers).

CITY OF KINGSBURG | JUNE 30, 2024
Management’s Discussion and Analysis
11 Revenues by Source - Business-Type Activities
Charges for Services

77.24%
Operating Grants &
Contributions

22.13%
Investment Earnings

0.63%
Operating Expenses and Operating Revenues-Business Type Activities $2,494,303 $3,226,006 $2,289,629
$3,662,023
$3,190,123
$4,080,740
$-
$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 $1,219,453. Disposal operating revenues exceeded expenses by $35,883 due to an increase in disposal rates and Ambulance/Fire expenses exceeded operating revenues by approximately -$189,172 for fiscal year ending June 30, 2024.

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

CITY OF KINGSBURG | JUNE 30, 2024
Management’s Discussion and Analysis
12 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 $26,355,684 which is an increase of $1,561,711 or 6% when compared to the prior year balance (page 23). The increase in revenues is primarily due to an increase in revenue from property taxes, service fees, permits, and other taxes. Of the total fund balance, $6,864,020 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 $10,777,092
 Circulation improvements 2,240,259
 Debt Service 1,480,956
 Public safety programs 540,653
Committed
 Pension reserve 1,449,631
 Economic development 385,993
 Equipment reserve 534,140
The General Fund is the chief operating fund of the City. As of June 30, 2024, the total fund balance of the General Fund was $14,035,246 with unassigned fund balance of $7,924,535. The General Fund total fund balance increased $2,987,257 or 27% 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 expenditures and transfers-out which is most attributed to an increase in revenue from property taxes, service fees, permits and other taxes.

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 $2,987,257 which is mostly due to an increase in revenue from property taxes, service fees, permits, & other taxes.
 The Measure E fund balance decreased by approximately $668,055 which is attributable to increased expenditure related to salaries for the Police and Fire department.  The Capital Facilities fund noted an increase in fund balance of $737,356 which is mostly attributable to collection of development fees in excess of related capital outlays.  The Street Projects fund balance decreased by $170,917 which is mostly attributable to significant capital project activity related to the Madsen Avenue reconstruction and sidewalks repair projects.  The City’s nonmajor governmental fund balance increased by $422,849 which is due to various activity, but included significant capital outlays and revenues related to highways and street projects throughout the City.  The City’s Water fund net position decreased by $1,158,390 which is mostly attributable to a decrease of capital assets and an increased on related operating expenditures.  The Disposal fund net position increased by $35,883 which is mostly attributable to charges for services in excess of related operating expenses.
 The Ambulance/Fire fund net position increased by $261,313 which is mostly attributable to chargers for services in excess of related operating expenses.

CITY OF KINGSBURG | JUNE 30, 2024
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 $7.2 million excluding transfers out. In comparison, actual expenditure excluding transfers totaled $7.8 million. The variance in expenditure was $.7 million, which was largely due to an increase in capital outlay. Total revenues were budgeted at $7.8 million; actual revenues in the General Fund were $8.1 with a variance of $.3 million, which is due to the increased in property taxes and other chargers for services.

Other Major Funds
Revenue in the Measure E Fund came to $2,727,688. 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 capital facilities and street projects revenue came to $2,034,435. 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, 2024, amounts to $41,541,219 (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:

Buildings and improvements, & vehicles 752,396 $
Infrastructure 2,828,056
Construction in progress (CIP) 2,135,462
Capital Assets
(Net of Depreciation)
2024 2023 2024 2023 2024 2023
Land 583,614 $ 587,014 $ 83,216 $ 83,216 $ 666,830 $ 670,230 $ Buildings and improvements 2,396,853 2,343,883 9,420,420 9,959,673 11,817,273 12,303,556 Machinery and equipment 2,180,644 2,287,119 1,158,533 2,010,754 3,339,177 4,297,873 SBITA - Right to use asset 47,091 72,108 22,893 29,761 69,984 101,869 Construction in progress 1,907,228 58,788 240,333 - 2,147,561 58,788 Infrastructure 23,500,394 21,375,970 - - 23,500,394 21,375,970 Total 30,615,824 $ 26,724,882 $ 10,925,395 $ 12,083,404 $ 41,541,219 $ 38,808,286 $ Governmental Activities Business-Type Activities Total
Additional information on the City’s capital assets can be found in Note 6.

CITY OF KINGSBURG | JUNE 30, 2024
Management’s Discussion and Analysis
14 Long-term Debt. The City’s long-term debt as of June 30, 2024 was $6,311,289 with governmental activities accounting for $4,854,000 or 77% and business-type activities accounting for $1,457,289 or 23%. The City 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 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.

Additionally, the City also financed several energy conservation projects, primarily focused on solar improvements, through the 2023 Equipment Lease-Purchase Agreement. The lease has a principal amount of $3,274,000 with an interest rate of 4.77% and an average annual debt service of $268,358. The final maturity date is May 1, 2038. Based on projected energy savings, the solar projects are expected to generate over $9 million in net utility cost savings over the next 30 years.
2024 2023 2024 2023 2024 2023
2023 Equipment Lease Purchase Agreement Loan 3,274,000 $ - $ - $ - $ 3,274,000 $ - $ PFA 2015 Lease Revenue Refunding Bonds 1,580,000 1,715,000 - - 1,580,000 1,715,000 CIEDB Water Loan - - 1,457,289 1,567,891 1,457,289 1,567,891 Total 4,854,000 $ 1,715,000 $ 1,457,289 $ 1,567,891 $ 6,311,289 $ 3,282,891 $ Governmental Activities Business-Type Activities Total
Additional information on the City’s long-term debt can be found in Note 8 on pages 52-54.

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 2025 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 21 police positions (sworn and non-sworn), while Measure E accounts for another 9 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 onetime 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.

CITY OF KINGSBURG | JUNE 30, 2024
Management’s Discussion and Analysis
15 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. 16 BASIC FINANCIAL STATEMENTS
17 GOVERNMENT-WIDE FINANCIAL STATEMENTS
CITY OF KINGSBURG | JUNE 30, 2024
Statement of Net Position
The Notes to the Basic Financial Statements are an integral part of this statement. 18 Governmental Business-Type
Activities Activities Total
ASSETS
Cash and investments $ 1,294,704 16,962,224 $ 18,256,928 $ Restricted cash with fiscal agent 2,044,744 - 2,044,744 Receivables (net of allowance for uncollectibles) 4,929,718 2,148,656 7,078,374 Internal balances 3,779,913 (3,779,913) -
Capital assets, not being depreciated 2,490,842 323,549 2,814,391 Capital assets, net of accumulated depreciation 10,601,846 28,124,982 38,726,828 Total assets 10,588,842 58,332,423 68,921,265

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt 39,898 - 39,898
Deferred outflows related to pensions 1,183,658 2,919,126 4,102,784 Total deferred outflows of resources 1,183,658 2,959,024 4,142,682

LIABILITIES
Accounts payable and accrued expenses 922,439 701,756 1,624,195 Accrued interest payable 47,023 18,095 65,118
Deposits - 75,532 75,532
Retention 10,615 28,464 39,079
Unearned revenue 96,286 - 96,286
Long-term liabilities:

Due within one year:

Compensated absences 346,434 141,785 488,219
SBITA - Liability 25,881 7,057 32,938
Long-term debt 140,000 113,898 253,898
Due in more than one year:

Compensated absences 387,328 134,686 522,014
SBITA - Liability 13,496 13,497 26,993
Long-term debt 4,703,020 1,343,391 6,046,411
Net pension liability 2,448,749 5,860,734 8,309,483
Total liabilities 5,029,815 12,550,351 17,580,166

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to pensions 139,105 269,400 408,505 Total deferred inflows of resources 139,105 269,400 408,505

NET POSITION
Net investment in capital assets 9,447,552 27,818,069 37,265,621 Restricted for:

Capital improvement projects 10,777,836 - 10,777,836
Circulation improvements 2,240,259 - 2,240,259
Debt service 1,480,956 - 1,480,956
Public safety 540,653 - 540,653
Unrestricted (2,843,972) 5,613,923 2,769,951
Total net position $ 48,471,696 6,603,580 $ 55,075,276 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Statement of Activities
The Notes to the Basic Financial Statements are an integral part of this statement. 19 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 2,699,908 $ 222,617 $ - $ - $ (2,477,291) $ - $ (2,477,291) $ Parks and community services 137,868 901,887 24,737 285,041 (454,241) - (454,241) Public safety 88,931 6,565,174 576,990 - - (5,899,253) (5,899,253) Public works 5,430 756,263 9,479 - - (741,354) (741,354) Highway and streets 1,239,528 - 1,184,590 1,816,921 1,761,983 - 1,761,983 Planning and community development 1,311,130 860,918 - 11,871 462,083 - 462,083 Total governmental activities 1,765,976 13,023,678 2,428,127 1,481,502 (7,348,073) - (7,348,073) Business-type activities:

Water 3,713,756 2,494,303 - - - (1,219,453) (1,219,453) Disposal 3,190,123 3,226,006 - - - 35,883 35,883
Ambulance/fire 2,289,631 4,773,930 2,295,127 - - (189,172) (189,172) Total business-type activities 8,009,940 11,677,809 2,295,127 - - (1,372,742) (1,372,742) Total primary government $ 24,701,487 9,775,916 $ 4,723,254 $ 1,481,502 $ (7,348,073) (1,372,742) (8,720,815) General revenues and transfers:

Property taxes 2,491,557 - 2,491,557
Sales and use taxes 4,274,956 - 4,274,956
Franchise taxes 623,693 - 623,693
Transient occupancy taxes 400,932 - 400,932
Motor vehicle in-lieu 1,508,971 - 1,508,971
Investment earnings 853,055 65,148 918,203
Miscellaneous 194,491 - 194,491
Gain on sale of assets 36,903 - 36,903
Transfers 466,636 (466,636) -
Total general revenues and transfers 531,784 9,917,922 10,449,706 Change in net position (840,958) 2,569,849 1,728,891
Net position - beginning, as previously reported 45,553,537 7,464,774 53,018,311 Error correction (see footnote 14) (20,236) 348,310 328,074 Net position - beginning, restated 7,444,538 45,901,847 53,346,385 Net position - ending $ 48,471,696 6,603,580 $ 55,075,276 $ 20 FUND FINANCIAL STATEMENTS
CITY OF KINGSBURG | JUNE 30, 2024
Governmental Funds
Balance Sheet
The Notes to the Basic Financial Statements are an integral part of this statement. 21 Special Revenue Funds
Capital
Projects Funds
General
(Formerly major
fund) Local
Transportation Measure E Capital Facilities Street Projects Nonmajor
Governmental
Funds
Total
Governmental
Funds
ASSETS
Cash and investments $ - 5,286,955 $ 7,263 $ 5,975,034 $ - $ 5,692,972 $ 16,962,224 $ Restricted cash with fiscal agent 2,044,744 - - - - - 2,044,744 Receivables 3,097,990 - 472,066 15,647 807,663 536,352 4,929,718 Due from other funds - 4,091,178 - - - - 4,091,178
Advances to other funds - - - - - 1,580,000 1,580,000
Total assets $ 14,520,867 - $ 479,329 $ 5,990,681 $ 807,663 $ 7,809,324 $ 29,607,864 $

LIABILITIES
Accounts payable and accrued expenses 356,407 $ - $ 58,529 $ 25,911 $ 47,721 $ 433,871 $ 922,439 $ Due to other funds - - - - 1,015,424 875,841 1,891,265
Deposits 74,923 - - - - 609 75,532
Retention payable - - - - 1,816 26,648 28,464
Total liabilities - 431,330 58,529 25,911 1,064,961 1,336,969 2,917,700

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - 54,291 - - - 280,189 334,480
Total deferred inflows of resources - 54,291 - - - 280,189 334,480

FUND BALANCES
Nonspendable:

Notes receivable - 2,082,196 - - - - 2,082,196
Restricted for:

Capital improvements - 2,044,744 - 5,964,770 - 2,768,322 10,777,836 Circulation improvements - - - - - 2,240,259 2,240,259
Debt service - - - - - 1,480,956 1,480,956
Public safety - - 420,800 - 119,853 540,653
Committed to:

Pension reserve - 1,449,631 - - - - 1,449,631
Economic development - - - - - 385,993 385,993
Equipment reserve - 534,140 - - - - 534,140
Unassigned - 7,924,535 - - (257,298) (803,217) 6,864,020 Total fund balances (deficits) - 14,035,246 420,800 5,964,770 (257,298) 6,192,166 26,355,684 Total liabilities and fund balances (deficits) $ 14,520,867 - $ 479,329 $ 5,990,681 $ 807,663 $ 7,809,324 $ 29,607,864 $ CITY OF KINGSBURG | JUNE 30, 2024
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. 22 Amounts reported for governmental activities in the statement of net position are different because:

Total fund balances - governmental funds 26,355,684 $
Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the governmental funds. 30,615,824 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. Longterm liabilities at year-end consist of:

Revenue bonds (1,569,020)
Loans (3,274,000)
Subscription based information technology arrangements (SBITA) (39,377) Compensated absences (733,762)
Net pension liability (5,860,734) (11,476,893)
Pension related deferrals are reported as deferred outflows and inflows of resources on the statement of net position. 2,649,726
Other long-term assets are not available to pay for current period expenditures and, therefore, are reported as unavailable revenue in the funds. 334,480
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. (47,023) Net position of governmental activities $ 48,471,696
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
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. 23 Special Revenue Funds
Capital
Projects Funds
General
(Formerly major
fund) Local
Transportation Measure E Capital Facilities Street Projects Nonmajor
Governmental
Funds
Total
Governmental
Funds

REVENUES
Taxes $ - 4,986,871 $ 2,637,704 $ - $ - $ 144,109 $ 7,768,684 $ Licenses and permits - 642,364 - - - - 642,364
Intergovernmental - 1,577,955 - - 1,184,590 2,495,599 5,258,144 Charges for services - 252,708 - - - - 252,708
Fines and forfeitures - 12,920 - - - - 12,920
Development fees 190,634 - - 591,720 618 93,015 875,987 Use of money and property 337,679 - 21,285 257,507 272,869 889,340 Other revenues - 116,931 68,699 - - 8,861 194,491
Total revenues - 8,118,062 2,727,688 849,227 1,185,208 3,014,453 15,894,638

EXPENDITURES
Current:

General government 1,802,023 - - - - - 1,802,023
Parks and community services 422,866 - - - - 284,749 707,615 Public safety 2,621,956 - 2,805,130 - - 440,879 5,867,965 Public works 618,190 - - - - - 618,190
Highway and streets - - - - - 710,793 710,793
Planning and community
development - 676,475 - - - 14,259 690,734
Capital outlay - 1,544,715 590,613 111,871 1,356,125 2,502,170 6,105,494 Debt service:

Principal - 20,172 - - - 135,000 155,172
Interest and fiscal charges 91,543 - - - - 54,723 146,266 Issuance costs - 58,269 - - - - 58,269
Total expenditures - 7,856,209 3,395,743 111,871 1,356,125 4,142,573 16,862,521 Excess (deficiency) of revenues over
(under) expenditures - 261,853 (668,055) 737,356 (170,917) (1,128,120) (967,883)

OTHER FINANCING SOURCES/(USES)
Issuance of debt 3,274,000 - - - - - 3,274,000
Transfers in 150,000 - - - - 528,579 678,579
Transfers out - (995,216) - - - (150,000) (1,145,216)
Total other financing sources (uses) - 2,428,784 - - - 378,579 2,807,363 Net change in fund balances - 2,690,637 (668,055) 737,356 (170,917) (749,541) 1,839,480 Fund balances - beginning, as previously reported 11,047,989 1,746,779 1,088,855 5,227,414 (86,381) 5,769,317 24,793,973 Error correction (see footnote 14) 296,620 - - - - (574,389) (277,769) Change within financial reporting entity (major to
nonmajor) (1,746,779) - - - - 1,746,779 -
Fund balances - beginning, restated - 11,344,609 1,088,855 5,227,414 (86,381) 6,941,707 24,516,204 Fund balances - ending $ 14,035,246 - $ 420,800 $ 5,964,770 $ (257,298) $ 6,192,166 $ 26,355,684 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
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. 24 Amounts reported for governmental activities in the statement of activities are different because:

Net change in fund balances - total governmental funds 1,839,480 $ 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 5,428,883
Depreciation and amortization expense (1,406,451)
The net effect of various miscellaneous transactions involving capital assets (i.e., sales and donations) is to increase net position. (132,742)
Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the governmental funds. 334,480 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. (56,520)
In the Statement of Activities, interest is accrued on long-term debt; whereas, in governmental funds, interest expenditure is recorded when paid. (19,311) 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. (298,133) 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 155,173
Issuance of long-term debt (3,274,000)
Amortization of bond discounts (1,010)
Change in net position of governmental activities $ 2,569,849 CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Proprietary Funds
Statement of 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
ASSETS
Current assets:

Cash and investments $ - 1,294,704 $ - $ 1,294,704 $
Receivables (net of allowance for uncollectibles) 264,105 175,892 1,708,659 2,148,656 Total current assets 264,105 1,470,596 1,708,659 3,443,360 Noncurrent assets:

Capital assets, net of accumulated depreciation - 7,748,724 3,176,671 10,925,395 Total noncurrent assets - 7,748,724 3,176,671 10,925,395 Total assets 264,105 9,219,320 4,885,330 14,368,755

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to pensions 401,187 631,988 150,483 1,183,658 Total deferred outflows of resources 150,483 401,187 631,988 1,183,658

LIABILITIES
Current liabilities:

Accounts payable and accrued expenses 375,007 207,875 118,874 701,756 Accrued interest payable 18,095 - - 18,095
Due to other funds - 122,583 2,077,330 2,199,913
Unearned revenues - 96,286 - 96,286
Retention 10,615 - - 10,615
Compensated absences - current 47,327 24,300 70,158 141,785 SBITA - liability - current 7,057 - - 7,057
Long-term debt - current - 113,898 - 113,898
Total current liabilities 451,044 571,999 2,266,362 3,289,405 Noncurrent liabilities:

Advances from other funds - 1,580,000 - 1,580,000
Compensated absences 18,804 108,888 6,994 134,686
SBITA - liability 13,497 - - 13,497
Long-term debt 1,343,391 - - 1,343,391
Net pension liability 341,858 910,334 1,196,557 2,448,749 Total noncurrent liabilities 348,852 2,286,026 2,885,445 5,520,323 Total liabilities 799,896 2,858,025 5,151,807 8,809,728

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to pensions 24,900 67,028 47,177 139,105 Total deferred inflows of resources 24,900 67,028 47,177 139,105

NET POSITION
Net investment in capital assets 6,270,881 - 3,176,671 9,447,552 Unrestricted (410,208) 424,573 (2,858,337) (2,843,972)
Total net position (deficit) $ 6,695,454 (410,208) $ 318,334 $ 6,603,580 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
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. 26 Business-Type Activities — Enterprise Funds
Water Disposal Ambulance/Fire Total
OPERATING REVENUES:

Charges for services $ 3,226,006 2,494,303 $ 2,289,629 $ 8,009,938 $ Total operating revenue 3,226,006 2,494,303 2,289,629 8,009,938 OPERATING EXPENSES:

Contractual services and utilities 2,028,025 2,810,480 1,346,503 6,185,008 Personnel services 900,682 334,769 2,386,720 3,622,171
Supplies and materials 59,802 44,874 164,740 269,416
Depreciation and amortization - 673,514 182,777 856,291 Total operating expenses 3,190,123 3,662,023 4,080,740 10,932,886 Operating income (loss) (1,167,720) 35,883 (1,791,111) (2,922,948) NONOPERATING REVENUES (EXPENSES):

Interest income 65,148 - - 65,148
Grants - - 2,295,127 2,295,127
Gain (loss) on disposal of assets - - (640,816) (640,816) Interest and fiscal charges - (51,733) (52,372) (104,105) Total nonoperating revenues (expenses) - 13,415 1,601,939 1,615,354 Net income (loss) before transfers 35,883 (1,154,305) (189,172) (1,307,594) Transfers in - 16,151 450,485 466,636
Change in net position (1,138,154) 35,883 261,313 (840,958) Net position (deficits), beginning (446,091) 7,853,844 57,021 7,464,774 Error correction (see footnote 14) - (20,236) - (20,236) Net position (deficit) - beginning restated (446,091) 7,833,608 57,021 7,444,538 Net position (deficit) - ending $ (410,208) 6,695,454 $ 318,334 $ 6,603,580 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Proprietary Funds
Statement of Cash Flows
The Notes to the Basic Financial Statements are an integral part of this statement. 27 Water Disposal Ambulance/Fire Total
Cash flows from operating activities:

Receipts from customers and users 2,488,252 $ 3,204,538 $ 2,121,562 $ 7,814,352 $ Payments to suppliers for goods and services (1,843,525) (2,849,827) (1,565,920) (6,259,272) Payments to or on behalf of employees for services (299,284) (818,310) (2,383,194) (3,500,788) Net cash provided by (used for) operating activities 55,427 (173,583) (1,827,552) (1,945,708) Cash flows from noncapital financing activities:

Transfers from other funds 16,151 - 450,485 466,636
Interfund loan activity - (130,427) (560,856) (691,283) Noncapital grant revenue 75,000 - 2,295,127 2,370,127
Net cash provided by noncapital
financing activities (55,427) 16,151 2,184,756 2,145,480 Cash flows from capital and related financing activities:

Acquisition of capital assets (252,156) - (169,832) (421,988) Principal paid on long-term debt (116,663) - - (116,663) Interfund loan repayment - - (135,000) (135,000)
Proceeds from the sale of assets - 82,890 - 82,890
Interest and fiscal charges - (53,106) (52,372) (105,478) Net cash provided by (used for) capital and related
financing activities - (339,035) (357,204) (696,239)
Cash flows from investing activities:

Interest on investments - 65,148 - 65,148
Net cash provided by investing activities - 65,148 - 65,148 Net increase (decrease) in cash and cash equivalents (431,319) - - (431,319) Cash and cash equivalents - beginning - 1,726,023 - 1,726,023 Cash and cash equivalents - ending $ 1,294,704 - $ - $ 1,294,704 $ Business-Type Activities — Enterprise Funds
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Proprietary Funds
Statement of Cash Flows
(Continued)
The Notes to the Basic Financial Statements are an integral part of this statement. 28 Total
Enterprise
Water Disposal Ambulance/Fire Funds
Reconciliation of operating income (loss) to net
cash provided by (used for) operating activities:

Operating income (loss) (1,167,720) $ 35,883 $ (1,791,111) $ (2,922,948) $ Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:

Depreciation and amortization 673,514 - 182,777 856,291 (Increase) decrease in:

Accounts receivable, net (6,051) (21,468) (168,067) (195,586) Deferred outflows of resources from pensions 19,460 5,249 38,390 63,099 Increase (decrease) in:

Accounts payable and accrued expenses 244,302 5,527 (54,677) 195,152 Compensated absences 8,082 3,272 (15,097) (3,743)
Net pension liability 90,592 40,433 31,222 162,247
Deferred inflows of resources from pension (13,469) (35,762) (50,989) (100,220) Net cash provided by (used for) operating activities $ (173,583) 55,427 $ (1,827,552) $ (1,945,708) $ Business-Type Activities
CITY OF KINGSBURG | JUNE 30, 2024
Fiduciary Funds
Statement of Fiduciary Net Position
The Notes to the Basic Financial Statements are an integral part of this statement. 29 Successor
Agency of the
Redevelopment
Agency PrivatePurpose Trust
Fund
ASSETS
Cash and investments $ 67,128
Total assets 67,128

LIABILITIES
Deposits 11,750
Total liabilities 11,750

NET POSITION
Restricted for:

Redevelopment agency dissolution $ 55,378
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Fiduciary Funds
Statement of Changes in Fiduciary Net Position
The Notes to the Basic Financial Statements are an integral part of this statement. 30 Successor
Agency of the
Redevelopment
Agency PrivatePurpose Trust
Fund

ADDITIONS
Taxes $ -
Total additions -

DEDUCTIONS
Interest and fiscal charges (922)
Total deductions (922)
Net increase (decrease) in fiduciary net position 922
Net position - beginning, as previously reported 71,722 Error correction (see footnote 14) (17,266)
Fund balances - beginning, restated 54,456
Net position - ending $ 55,378
31 NOTES TO THE BASIC FINANCIAL STATEMENTS
CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
32 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 yearend. 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 doublecounting 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, 2024
Notes to the Basic Financial Statements
33 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 selfbalancing 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 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, 2024
Notes to the Basic Financial Statements
34 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) B. Basis of Presentation – Fund Accounting (Continued)
The City reports on 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 governmentwide 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, 2024
Notes to the Basic Financial Statements
35 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 days 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, 2024
Notes to the Basic Financial Statements
36 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 Investments – Cash and investments 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 1st 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 yearend. 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, 2024
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) 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, 2024
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) 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, 2024
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) 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, 2024
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) 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, 2024
Notes to the Basic Financial Statements
41 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, 2024 is $697,140 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, 2024
Notes to the Basic Financial Statements
42 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, 2024:

Governmental Funds
Major Funds:

Street Projects $ 257,298
Nonmajor Special Revenue Funds:

Senior Center 353,780
Park Improvements 297,581
School Resource Officer 151,856
Enterprise Funds
Major Funds:

Disposal Fund 410,208
The deficit fund balance in the Street Projects, Senior Center, Park Improvements, School Resource Officer and Disposal 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.

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, 2024 are classified in the accompanying financial statements as follows:

Statement of net position:

Cash and investments - unrestricted 18,256,928 $
Cash with fiscal agents - restricted 2,044,744
Fiduciary funds:

Cash and investments 67,128
Total cash and investments $ 20,368,800
CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
43 NOTE 3 – CASH AND INVESTMENTS (Continued)
Cash and investments as of June 30, 2024 consist of the following:

Cash on hand 1,050 $
Deposits with financial institutions 2,223,491
Investments:

Local Agency Investment Fund 5,289,186
CalClass 12,855,073
Total investments: 18,144,259
Total cash and investments $ 20,368,800
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, 2024
Notes to the Basic Financial Statements
44 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 5,289,186 $ 5,289,186 $ - $ - $ - $ CalClass 12,855,073 12,855,073 - - -
Total $ 18,144,259 18,144,259 $ $ - - $ - $
Remaining Maturity (in Months)
CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
45 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 $ - 5,289,186 $ - $ - $ 5,289,186 $ CalClass 12,855,073 - - 12,855,073 -
Total $ 18,144,259 - $ - $ 12,855,073 $ 5,289,186 $
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, 2024, 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, 2024, the carrying amount of the City’s deposits was $178,746. Bank balances before reconciling items were $573,815 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, 2024
Notes to the Basic Financial Statements
46 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, 2024
Notes to the Basic Financial Statements
47 NOTE 4 – RECEIVABLES
Receivables as of June 30, 2024 consisted of the following for the governmental funds:

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

Taxes - $ - $ - $ - $ 47 $ 47 $
Intergovernmental 658,542 472,066 15,647 807,663 536,305 2,490,223 Notes 2,082,196 - - - - 2,082,196
Interest 357,252 - - - - 357,252
Receivables $ 472,066 3,097,990 $ 15,647 $ 807,663 $ 536,352 $ 4,929,718 $ 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, 2024 consisted of the following for the proprietary funds:

Water Disposal Ambulance/Fire
Total
Proprietary
Funds
Receivables:

Accounts $ 320,840 223,967 $ 2,920,566 $ 3,465,373 $
Less: Allowance for doubtful accounts (56,735) (48,075) (1,211,907) (1,316,717) Receivables, net $ 264,105 175,892 $ 1,708,659 $ 2,148,656 $ NOTE 5 – INTERFUND ACTIVITIES
A. Due From/To Other Funds
Due from/to other funds balances as of June 30, 2024 are as follows:

Due From Due To
Governmental Funds
Major Funds:

General Fund 4,091,178 $ - $
Street Projects Capital Projects Fund 1,015,424 -
Nonmajor Funds:

Kingsburg Public Finance Authority Debt Service Fund 99,044 - ACT Task Force Special Revenue Fund 12,665 -
Senior Center Special Revenue Fund 265,577 -
Park Improvements 270,456 -
School Resource Officer Special Revenue Fund 228,099 -
Enterprise Funds
Major Funds:

Disposal Fund 122,583 -
Ambulance/Fire Fund 2,077,330 -
Total $ 4,091,178 4,091,178 $
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, 2024
Notes to the Basic Financial Statements
48 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, 2024 are as follows:

Advances From Advances To
Governmental Funds
Nonmajor Fund:

Kingsburg Joint Powers Authority Debt Service Fund $ - 1,580,000 $ Enterprise Funds
Major Funds:

Ambulance/Fire Enterprise Fund - 1,580,000
Total $ 1,580,000 1,580,000 $
C. Interfund Transfers
The composition of interfund transfers for the year ended June 30, 2024 is as follows:

Transfer In Transfer Out
Governmental Funds
Major Funds:

General Fund 150,000 $ 995,215 $
Nonmajor Fund:

Forgiveable Loan Program Fund 428,579 -
Senior Center Special Revenue Fund - 100,000
COPS Grant Special Revenue Fund 150,000 -
Enterprise Funds
Major Funds:

Water Enterprise Fund - 16,151
Ambulance/Fire Enterprise Fund - 450,485
Total $ 1,145,215 1,145,215 $
A description of the City’s significant transfers is noted below:
(1) The General Fund transferred approximately $429,000 to the Forgivable Loan Program Fund to support partnerships with eligible business and property owners on projects that provide long-term community benefits. Additionally, the General Fund transferred approximately $450,000 to the Ambulance/Fire Enterprise Fund and $100,000 to the Senior Center Special Revenue Fund to cover operating deficits. (2) The COPS Grant Special Revenue Fund transferred approximately $150,000 to the General Fund to cover the costs of officers reported in General Fund expenses.

CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
49 NOTE 6 – CAPITAL ASSETS
Capital assets activity of the governmental activities for the year ended June 30, 2024 is as follows:
(Restated)
Balances Transfers/ Balances
July 1, 2023 Additions Deletions Adjustments June 30, 2024 Governmental Activities:

Capital assets not being depreciated:

Land 587,014 $ - $ (3,400) $ - $ 583,614 $
Construction in progress 1,895,129 58,788 (46,689) - 1,907,228 Total capital assets, not being depreciated 1,895,129 645,802 (50,089) - 2,490,842 Capital assets, being depreciated:

Buildings and improvements 5,767,415 283,804 (92,507) - 5,958,712 Infrastructure 26,854,567 2,828,056 - - 29,682,623
Machinery and equipment 5,621,215 468,592 (533,328) - 5,556,479 SBITA - Right to use asset - 87,274 - - 87,274
Total capital assets, being depreciated 3,580,452 38,330,471 (625,835) - 41,285,088 Less accumulated depreciation for:

Buildings and improvements (3,423,532) (177,745) 39,418 - (3,561,859) Infrastructure (5,478,597) (703,632) - - (6,182,229)
Machinery and equipment (3,334,096) (500,057) 458,318 - (3,375,835) SBITA - Right to use asset (25,017) (15,166) - - (40,183) Total accumulated depreciation (12,251,391) (1,406,451) 497,736 - (13,160,106) Total capital assets being depreciated, net 2,174,001 26,079,080 (128,099) - 28,124,982 Governmental activities capital assets, net $ 4,069,130 26,724,882 $ (178,188) $ - $ 30,615,824 $ Depreciation expense is charged to governmental functions as follows:

Governmental activities:

General government 49,253 $
Parks and community services 102,575
Highways and streets 739,612
Public safety 515,011
Total $ 1,406,451
CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
50 NOTE 6 – CAPITAL ASSETS (Continued)
Capital assets activity of the business-type activities for the year ended June 30, 2024 is as follows:
(Restated)
Balances Transfers/ Balances
July 1, 2023 Additions Deletions Adjustments June 30, 2024 Business-Type Activities:

Capital assets, not being depreciated:

Land 83,216 $ - $ - $ - $ 83,216 $
Construction in progress - 240,333 - - 240,333
Total capital assets, not being depreciated 240,333 83,216 - - 323,549 Capital assets, being depreciated:

Buildings, improvements and plants 15,889,255 - (139,286) - 15,749,969 Machinery and equipment 4,770,603 181,655 (1,042,252) - 3,910,006 SBITA - Right to use asset - 34,340 - - 34,340
Total capital assets, being depreciated 181,655 20,694,198 (1,181,538) - 19,694,315 Less accumulated depreciation for:

Buildings, improvements and plants (5,929,582) (532,812) 56,396 76,449 (6,329,549) Machinery and equipment (2,759,849) (316,611) 401,436 (76,449) (2,751,473) SBITA - Right to use asset (4,579) (6,868) - - (11,447) Total accumulated depreciation (856,291) (8,694,010) 457,832 - (9,092,469) Total capital assets being depreciated, net (674,636) 12,000,188 (723,706) - 10,601,846 Business-type activities capital assets, net $ (434,303) 12,083,404 $ (723,706) $ - $ 10,925,395 $ Depreciation expense is charged to business-type functions as follows:

Business-type activities:

Water $ 673,514
Ambulance/Fire 182,777
Total $ 856,291
CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
51 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, 2024, the value of the SBITA liability was $18,824. 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 historical value of the right-to-use software as of the end of the current fiscal year was $87,274 and had accumulated amortization of $28,736. 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, 2024, the value of the SBITA liability was $41,108. 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 historical value of the right-to-use software as of the end of the current fiscal year was $34,340 and had accumulated amortization of $22,894. 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, 2024, are as follows:

Governmental Activities
SBITA
Fiscal Years Ending
June 30, Principal Interest Total
2025 25,881 $ 3,745 $ 29,626 $
2026 6,843 1,764 8,607
2027 6,653 908 7,561
Total 39,377 $ 6,417 $ 45,794 $
Business-Type Activities
SBITA
Fiscal Years Ending
June 30, Principal Interest Total
2025 7,057 $ - $ 7,057 $
2026 6,843 2,569 9,412
2027 6,654 1,764 8,418
Total 20,554 $ 4,333 $ 24,887 $
CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
52 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 bondsoutstanding 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, 2023 Additions Deletions June 30, 2024 One Year Governmental Activities Long-Term Debt:

Direct Placement:
2023 Equipment Lease Purchase Agreement Loan $ 3,274,000 - $ - $ 3,274,000 $ - $ Total Direct Placements: - 3,274,000 - 3,274,000 -
Direct Borrowings:

Bonds Payable:

PFA 2015 Lease Revenue Refunding Bonds 1,715,000 $ - $ (135,000) $ 1,580,000 $ 140,000 $ Unamortized bond discounts - (11,990) 1,010 (10,980) -
Total Direct Borrowings: - 1,703,010 (133,990) 1,569,020 140,000 Other Long-term obligations:

Compensated absences 677,242 485,265 (428,745) 733,762 346,434 SBITA payable - 59,549 (20,172) 39,377 25,881
Total other long-term obligations: 485,265 736,791 (448,917) 773,139 372,315 Total governmental activities debt 3,759,265 2,439,801 (582,907) 5,616,159 512,315 Business-Type Activities Long-Term Debt:

Direct Borrowings:

CIEDB water loan - 1,567,891 (110,602) 1,457,289 113,898 Other Long-term obligations:

Compensated absences 280,214 169,035 (172,778) 276,471 141,785 SBITA payable - 26,615 (6,061) 20,554 7,057
Total other long-term obligations: 169,035 306,829 (178,839) 297,025 148,842 Total business-type activities debt 169,035 1,874,720 (289,441) 1,754,314 262,740 Total long-term debt $ 3,928,300 4,314,521 $ (872,348) $ 7,370,473 $ 775,055 $ 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, 2024
Notes to the Basic Financial Statements
53 NOTE 8 – LONG-TERM DEBT (Continued)
Long-term debt at June 30, 2024 was comprised of the following individual issues:

A. Governmental Activities
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.

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
2025 140,000 $ 52,413 $ 192,413 $
2026 48,638 140,000 188,638
2027 44,963 150,000 194,963
2028 40,788 150,000 190,788
2029 36,288 150,000 186,288
2030-2034 104,469 850,000 954,469
Subtotal 327,559 1,580,000 1,907,559
Unamortized Bonds Discount - (10,980) (10,980)
Total $ 327,559 1,569,020 $ 1,896,579 $
2023 Equipment Lease Purchase Agreement Loan
On October 12, 2023, the City entered into a lease-purchase financing agreement through a direct placement with Flagstar Bank to fund various solar improvements. The total amount of the financing is $3,274,000 with an interest rate of

4.77% and a 20-year amortization period. The debt is secured by the related property—solar improvements to be constructed with the proceeds of the financing. Per the terms of the agreement, the City is required to pay off the outstanding balance in full or refinance the remaining balance at year 15. The agreement includes provisions that certain events of default, including nonpayment, may result in the outstanding principal becoming immediately due and payable.

CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
54 NOTE 8 – LONG-TERM DEBT (Continued)
A. Governmental Activities (Continued)
Annual debt service requirements to maturity for 2023 Equipment Lease Purchase Agreement Loan are as follows:

Fiscal Year Ending, Principal Interest Total
2025 - $ 156,170 $ 156,170 $
2026 154,834 56,000 210,834
2027 149,373 116,000 265,373
2028 143,625 122,000 265,625
2029 137,591 128,000 265,591
2030-2034 586,972 737,000 1,323,972
2035-2039 386,203 934,000 1,320,203
2040-2044 132,177 1,181,000 1,313,177
Total $ 1,846,945 3,274,000 $ 5,120,945 $
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
2025 $ 41,730 113,898 $ 155,628 $
2026 38,286 117,293 155,579
2027 34,738 120,788 155,526
2028 31,085 124,387 155,472
2029 27,323 128,094 155,417
2030-2034 76,142 700,055 776,197
2035 2,276 152,774 155,050
Total $ 251,580 1,457,289 $ 1,708,869 $
CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
55 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 $39,897.

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.

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.

CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
56 NOTE 10 – PENSION PLAN (Continued)
A. General Information about the Pension Plans (Continued) Benefits Provided – CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full-time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. 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, 2024 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% 7.750%
Required employer contribution rates 11.840% 7.680%
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% 13.750%
Required employer contribution rates 22.830% 13.540%
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% 13.750%
Required employer contribution rates 22.830% 13.540%
CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
57 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 $608,823 for the fiscal year ended June 30, 2024.

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, 2024 were $1,337,741.

B. Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions As of June 30, 2024, the City reported a net pension liability for its proportionate share of the net pension liability of the Plan of $8,309,483.

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, 2023, 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, 2022, rolled forward to June 30, 2023, 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, 2022 and 2023 was as follows:

Proportion - June 30, 2022 0.0664%
Proportion - June 30, 2023 0.0666%
Change - Increase (Decrease) 0.0002%
For the year ended June 30, 2024, the City recognized pension expense of $1,799,684. At June 30, 2024, 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 1,376,425 $ - $ Changes in assumptions 490,932 -
Differences between actual and expected experience 543,738 57,097 Net differences between project and actual earnings on
plan investments - 1,211,577
Change in employer's proportion 320,729 21,571
Differences between the employer's actual contributions and the employer's proportionate share of contributions 30,679 458,541 Total 4,102,784 $ 408,505 $
CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
58 NOTE 10 – PENSION PLAN (Continued)
B. Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions (Continued) $1,376,425 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, 2025. 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,
2025 750,532 $
2026 523,559
2027 1,009,572
2028 34,191
2029 -
Thereafter -
C. Actuarial Assumptions
The total pension liabilities in the June 30, 2022 actuarial valuations were determined using the following actuarial assumptions:

Valuation Date June 30, 2022
Measurement Date June 30, 2023
Actuarial Cost Method Entry- Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 6.90%
Inflation 2.30%
Payroll Growth 2.80%
Projected Salary Increase Varies by Entry Age and Service Investment Rate of Return 6.90%(1)
Mortality
Derived using CalPERS'
Membership Data for all Funds(2)
(1) Net of pension plan investment expenses, including inflation Depending on age, service and type of employment
(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
CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Basic Financial Statements
59 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% 4.54%
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, 2024
Notes to the Basic Financial Statements
60 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%
$13,045,771 $8,309,483 $4,427,209
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, 2024.

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, 2024
Notes to the Basic Financial Statements
61 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 $34,500,000 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, 2024, is presented as follows:

Total assets 179,635,612 $
Total liabilities 144,400,470
Total net position $ 35,235,142
Revenues 89,306,501 $
Expenses 94,324,180
Change in net position $ (5,017,679)
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, 2024
Notes to the Basic Financial Statements
62 NOTE 14 – PRIOR PERIOD ADJUSTMENT
During the year ended June 30, 2024, the City identified and corrected prior period misstatements in the opening fund balance and net position of the governmental activities, various governmental funds, business-type activities and enterprise funds. These adjustments include corrections to previously reported activity to ensure compliance with generally accepted accounting principles (GAAP). A detailed summary of these changes to the opening balances is provided in the tables below:

Government
Wide
Nonmajor
Governmental Governmental
Activities General Funds Fiduciary
Fund balance/net position, June 30, 2023, as previously reported $ 11,047,989 45,553,537 $ 5,769,317 $ 71,722 $ Error correction:

Overstatement of cash and investments 296,620 296,620 - - Overstatement of land held for resale (574,389) - (574,389) - Understatement of capital assets 626,079 - - -
Overstatement of prepaid asset - - - (17,266)
Total error correction 348,310 296,620 (574,389) (17,266) Change within financial reporting entity (major to nonmajor) - - 1,746,779 - Fund balance/net position, July 1, 2023, as restated $ 11,344,609 45,901,847 $ 6,941,707 $ 54,456 $ Governmental Funds
Government- Enterprise
Wide Funds
Business-Type
Activities Water
Net position, June 30, 2023, as previously reported $ 7,853,844 7,464,774 $ Error correction:

Overstatement of cash and investments (20,236) (20,236) Total error correction (20,236) (20,236)
Net position, July 1, 2023, as restated $ 7,833,608 7,444,538 $ 63 REQUIRED SUPPLEMENTARY INFORMATION
64 BUDGETARY COMPARISON SCHEDULES
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
General Fund
65 Variance with
Original Final Actual Final Budget

REVENUES
Taxes $ 4,894,222 4,514,230 $ 4,986,871 $ 92,649 $
Licenses and permits 614,941 535,078 642,364 27,423
Intergovernmental 1,566,896 1,319,625 1,577,955 11,059
Charges for services 211,661 239,730 252,708 41,047
Fines and penalties 5,000 5,000 12,920 7,920
Development fees 159,300 159,300 190,634 31,334
Use of money and property - 222,065 337,679 115,614
Other revenue 76,218 121,500 116,931 40,713
Total revenues 7,750,303 6,894,463 8,118,062 367,759

EXPENDITURES
Current:

General government:

City council 52,774 49,682 39,577 10,105
City attorney 91,000 114,396 114,396 -
Non-departmental 851,279 730,917 637,038 93,879
City manager 297,271 321,823 316,165 5,658
City clerk 193,383 195,916 158,005 37,911
Finance 289,973 301,733 309,511 (7,778)
Human resources/management assistant 225,617 223,109 227,331 (1,714) Total general government 1,940,084 1,998,789 1,802,023 138,061 Parks and community services:

Community services 226,440 197,373 172,242 25,131
Pool 256,205 225,045 250,624 5,581
Total parks and community services 453,578 451,485 422,866 30,712 Public safety 3,005,962 3,260,862 2,621,956 384,006
Public works:

Public works - administration 84,725 78,881 80,975 (2,094) Landscape maintenance 390,649 273,795 257,796 15,999
Facility maintenance 85,824 98,771 102,670 (3,899)
Vehicle maintenance 169,547 144,874 176,749 (7,202)
Total public works 620,994 706,072 618,190 2,804
Planning and community development 705,280 638,455 676,475 28,805 Capital outlay 458,583 476,200 1,544,715 (1,086,132)
Debt service:

Principal - - 20,172 (20,172)
Interest and fiscal charges - - 91,543 (91,543)
Issuance costs - - 58,269 (58,269)
Total debt service - - 111,715 (169,984)
Total expenditures 7,531,863 7,184,481 7,856,209 (671,728) Excess (deficiency) of revenues over
(under) expenditures 565,822 (637,400) 261,853 (303,969)

OTHER FINANCING SOURCES (USES)
Issuance of debt - - 3,274,000 3,274,000
Transfers in (866,652) (1,296,868) 150,000 1,446,868
Transfers out (1,236,855) (1,340,743) (995,216) 345,527 Total other financing sources (uses) (2,103,507) (2,637,611) 2,428,784 5,066,395 Change in fund balance $ (2,071,789) (2,740,907) $ 2,690,637 $ 4,762,426 Fund balances - beginning, restated 11,344,609
Fund balance - ending $ 14,035,246
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Measure E Fund
66 Budgeted Amounts
Variance with
Original Final Actual Final Budget

REVENUES
Taxes $ 2,796,000 2,796,000 $ 2,637,704 $ (158,296) $
Use of money and property 12,000 12,000 21,285 9,285
Other revenues - - 68,699 68,699
Total revenues 2,808,000 2,808,000 2,727,688 (80,312)

EXPENDITURES
Current:

Public safety 2,702,438 2,967,920 2,805,130 162,790
Capital outlay 590,500 735,500 590,613 144,887
Total expenditures 3,703,420 3,292,938 3,395,743 307,677 Excess (deficiency) of revenues over
(under) expenditures (895,420) (484,938) (668,055) 227,365

OTHER FINANCING SOURCES/(USES)
Transfers out (100,000) (100,000) - (100,000)
Total other financing sources (uses) (100,000) (100,000) - (100,000) Net change in fund balances $ (995,420) (584,938) $ (668,055) $ 327,365 Fund balance - beginning 1,088,855
Fund balance - ending $ 420,800
67 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 68 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Proportion of the net pension liability 0.0890% 0.0811% 0.0756% 0.0743% 0.0753% 0.0752% 0.0677% 0.0761% 0.0664% 0.0666%Proportionate share of the net pension liability $5,591,747 $5,568,697 $6,544,355 $7,365,797 $7,256,087 $7,706,149 $7,363,577 $4,113,815 $7,672,923 $8,309,483Covered 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 $5,594,168Proportionate 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% 148.54%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% 77.90%NOTES TO THE SCHEDULEChanges of Assumptions - None Changes in Benefit Terms - In 2022, SB 1168 increased the standard retiree lump sum death benefit from $500 to $2,000 for any death occurring on or after July 1, 2023. For pooled plans this is a Class 3 benefit and there is no normal cost surcharge.

The impact on the unfunded liability is included in the pool’s differences between expected and actual experience.

CITY OF KINGSBURG | LAST TEN YEARS
Pension Plans – Cost-Sharing Multiple-Employer Defined Benefit Plan Schedule of Contributions
69 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Actuarially required contribution (actuarially determined) $574,035 $658,448 $732,726 $795,513 $886,480 $1,902,272 $1,124,362 $1,283,178 $1,337,741 $1,376,425Contributions in relation to the actuarially determined contributions 658,448 574,035 732,726 795,513 886,480 1,902,272 1,124,362 2,033,178 1,337,741 1,376,425 Contribution deficiency (excess) $ - - $ - $ - $ - $ - $ - $ (750,000) $ - $ - $ Covered payroll $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 $5,872,109Contributions as a percentage of covered-employee payroll 20.90% 23.32% 24.45% 25.06% 26.40% 50.26% 28.06% 26.93% 23.91% 23.44% CITY OF KINGSBURG | JUNE 30, 2024
Notes to the Required Supplementary Information
70 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, 2024:

General Fund:

General government:

Finance $ 7,778
Human resources/management assistant 1,714
Public works:

Public works - administration 2,094
Facility maintenance 3,899
Vehicle maintenance 7,202
Capital outlay 1,086,132
Debt service:

Principal 20,172
Interest and fiscal charges 91,543
Issuance costs 58,269
71 COMBINING AND INDIVIDUAL NONMAJOR FUND

FINANCIAL STATEMENTS AND SCHEDULES
72 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.

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

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.
73 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, 2024
Nonmajor Governmental Funds
Combining Balance Sheet
74 Special Revenue
Funds
Debt Service
Funds
Capital Projects
Funds
Total Nonmajor
Governmental
Funds
ASSETS
Cash and investments 2,919,422 $ 12,161 $ 2,761,389 $ 5,692,972 $ Receivables 529,419 - 6,933 536,352
Advances to other funds - 1,580,000 - 1,580,000
Total assets $ 1,592,161 3,448,841 $ 2,768,322 $ 7,809,324 $

LIABILITIES
Accounts payable and accrued expenses $ - 433,871 $ - $ 433,871 $ Due to other funds 99,044 776,797 - 875,841
Deposits - 609 - 609
Retention Payable - 26,648 - 26,648
Total liabilities 99,044 1,237,925 - 1,336,969

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - 280,189 - 280,189
Total deferred inflows of resources - 280,189 - 280,189

FUND BALANCES
Restricted:

Capital improvements - - 2,768,322 2,768,322
Circulation improvements 12,161 2,228,098 - 2,240,259
Debt service 1,480,956 - - 1,480,956
Public safety - 119,853 - 119,853
Committed to:

Economic development - 385,993 - 385,993
Unassigned - (803,217) - (803,217)
Total fund balances 1,493,117 1,930,727 2,768,322 6,192,166 Total liabilities, deferred inflows of resources, and fund balances $ 1,592,161 3,448,841 $ 2,768,322 $ 7,809,324 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 75 Special Revenue
Funds
Debt Service
Funds
Capital Projects
Funds
Total Nonmajor
Governmental
Funds

REVENUES
Taxes $ - 144,109 $ - $ 144,109 $
Intergovernmental - 2,495,599 - 2,495,599
Development fees - - 93,015 93,015
Use of money and property 103,992 52,413 116,464 272,869 Other revenues - 8,861 - 8,861
Total revenues 52,413 2,752,561 209,479 3,014,453

EXPENDITURES
Current:

Parks and community services 284,749 - - 284,749
Public safety 440,879 - - 440,879
Highway and streets 710,793 - - 710,793
Planning and community
development - 14,259 - 14,259
Capital outlay 2,502,170 - - 2,502,170
Debt service:

Principal - 135,000 - 135,000
Interest and fiscal charges 54,723 - - 54,723
Total expenditures 189,723 3,952,850 - 4,142,573
Excess (deficiency) of revenues over
(under) expenditures (1,200,289) (137,310) 209,479 (1,128,120)

OTHER FINANCING SOURCES (USES)
Transfers in 528,579 - - 528,579
Transfers out - (150,000) - (150,000)
Total other financing sources (uses) - 378,579 - 378,579 Net change in fund balances (137,310) (821,710) 209,479 (749,541) Fund balances - beginning, as previously reported 1,580,047 1,630,427 2,558,843 5,769,317 Error correction (see footnote 14) (574,389) - - (574,389) Change within financial reporting entity (major to
nonmajor fund) - 1,746,779 - 1,746,779
Fund balances - beginning, restated 1,630,427 2,752,437 2,558,843 6,941,707 Fund balances - ending $ 1,493,117 1,930,727 $ 2,768,322 $ 6,192,166 $ CITY OF KINGSBURG | JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Balance Sheet
76 Measure C
(Formerly major
fund) Local
Transportation Gas Tax
Senior
Center
COPS
Grant
San Joaquin
Valley Air
Grant
Low and
Moderate
Income
Housing
Asset
ASSETS
Cash and investments $ 1,515,643 410,342 $ 518,819 $ - $ 70,602 $ 21 $ - $ Receivables 54,190 4,124 58,120 4,591 - 94,889 -
Total assets $ 1,519,767 464,532 $ 576,939 $ 4,591 $ 165,491 $ 21 $ - $

LIABILITIES
Accounts payable and accrued expenses 52,064 $ 253,437 $ 4,415 $ 88,761 $ - $ - $ - $ Due to other funds - - - 265,577 - - -
Deposits - - - 609 - - -
Retention payable 23,224 - - 3,424 - - -
Total liabilities 276,661 52,064 4,415 358,371 - - -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - - - - 94,663 - -
Total deferred inflows of resources - - - - 94,663 - -

FUND BALANCES
Restricted:

Circulation improvements 1,243,106 412,468 572,524 - - - - Public safety - - - - 70,828 21 -
Committed:

Economic development - - - - - - -
Unassigned - - - (353,780) - - -
Total fund balances 1,243,106 412,468 572,524 (353,780) 70,828 21 - Total liabilities, deferred inflows of resources, and fund balances $ 1,519,767 464,532 $ 576,939 $ 4,591 $ 165,491 $ 21 $ - $ CITY OF KINGSBURG | JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Balance Sheet
(Continued)
77 Vehicle
Abandonment
ACT Task Force
Grant
Park
Improvements
School Resource
Officer
Forgivable Loan
Program (RTTPF) Total
ASSETS
Cash and investments $ - 18,002 $ - $ - $ 385,993 $ 2,919,422 $ Receivables 47 46,233 185,526 - 81,699 529,419
Total assets $ 46,233 18,049 $ 185,526 $ 81,699 $ 385,993 $ 3,448,841 $

LIABILITIES
Accounts payable and accrued expenses - $ 2,613 $ 27,125 $ 5,456 $ - $ 433,871 $ Due to other funds - 12,665 270,456 228,099 - 776,797
Deposits - - - - - 609
Retention payable - - - - - 26,648
Total liabilities 15,278 - 297,581 233,555 - 1,237,925

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - - 185,526 - - 280,189
Total deferred inflows of resources - - 185,526 - - 280,189

FUND BALANCES
Restricted:

Circulation improvements - - - - - 2,228,098
Public safety 30,955 18,049 - - - 119,853
Committed:

Economic development - - - - 385,993 385,993
Unassigned - - (297,581) (151,856) - (803,217)
Total fund balances 30,955 18,049 (297,581) (151,856) 385,993 1,930,727 Total liabilities, deferred inflows of resources, and fund balances $ 46,233 18,049 $ 185,526 $ 81,699 $ 385,993 $ 3,448,841 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 78 Measure C
(Formerly major
fund) Local
Transportation Gas Tax
Senior
Center
COPS
Grant
San Joaquin
Valley Air
Grant
Low and
Moderate
Income
Housing
Asset

REVENUES
Taxes $ - - $ - $ - $ - $ - $ - $
Intergovernmental 622,107 532,503 674,182 24,737 100,000 - - Use of money and property 14,764 64,317 19,507 - 4,179 - - Other revenues - - - 8,861 - - -
Total revenues 686,424 547,267 693,689 33,598 104,179 - -

EXPENDITURES
Current:

Parks and community services - - - 284,749 - - -
Public safety - - - - - - -
Highway and streets 220,958 175,052 314,783 - - - -
Planning and community
development - 14,259 - - - - -
Capital outlay 1,015,045 393,579 460,724 - - - -
Total expenditures 1,190,097 628,796 775,507 284,749 - - - Excess (deficiency) of revenues over
(under) expenditures (503,673) (81,529) (81,818) (251,151) 104,179 - -

OTHER FINANCING SOURCES/(USES)
Transfers in - - - 100,000 - - -
Transfers out - - - - (150,000) - -
Total other financing sources (uses) - - - 100,000 (150,000) - - Net change in fund balances (503,673) (81,529) (81,818) (151,151) (45,821) - - Fund balances - beginning, as previously reported - 493,997 654,342 (202,629) 116,649 21 574,389 Error correction (see footnote 14) - - - - - - (574,389) Change within financial reporting entity (major to nonmajor fund) 1,746,779 - - - - - -
Fund balances - beginning, restated 1,746,779 493,997 654,342 (202,629) 116,649 21 - Fund balances - ending $ 1,243,106 412,468 $ 572,524 $ (353,780) $ 70,828 $ 21 $ - $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Continued)
79 Vehicle
Abandonment
ACT Task Force
Grant
Park
Improvements
School Resource
Officer
Forgivable Loan
Program (RTTPF) Total

REVENUES
Taxes $ - - $ - $ - $ 144,109 $ 144,109 $
Intergovernmental 168,948 - 50,300 322,822 - 2,495,599
Use of money and property 804 421 - - - 103,992
Other revenues - - - - - 8,861
Total revenues 169,369 804 50,300 322,822 144,109 2,752,561

EXPENDITURES
Current:

Parks and community services - - - - - 284,749
Public safety - 169,156 - 271,723 - 440,879
Highway and streets - - - - - 710,793
Planning and community
development - - - - - 14,259
Capital outlay 17,480 - 290,342 - 325,000 2,502,170
Total expenditures 186,636 - 290,342 271,723 325,000 3,952,850 Excess (deficiency) of revenues over
(under) expenditures (17,267) 804 (240,042) 51,099 (180,891) (1,200,289)

OTHER FINANCING SOURCES/(USES)
Transfers in - - - - 428,579 528,579
Transfers out - - - - - (150,000)
Total other financing sources (uses) - - - - 428,579 378,579 Net change in fund balances (17,267) 804 (240,042) 51,099 247,688 (821,710) Fund balances - beginning, as previously reported 48,222 17,245 (57,539) (202,955) 138,305 1,580,047 Error correction (see footnote 14) - - - - - (574,389) Change within financial reporting entity (major to nonmajor fund) - - - - - 1,746,779
Fund balances - beginning, restated 48,222 17,245 (57,539) (202,955) 138,305 2,752,437 Fund balances - ending $ 30,955 18,049 $ (297,581) $ (151,856) $ 385,993 $ 1,930,727 $ CITY OF KINGSBURG | JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Measure C Fund
80 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental $ 527,485 972,485 $ 532,503 $ 5,018 $ Use of money and property 5,000 5,000 14,764 9,764
Total revenues 532,485 977,485 547,267 14,782

EXPENDITURES
Current:

Highway and streets 207,916 245,804 220,958 24,846
Planning and community
development 14,259 445,000 14,259 -
Capital outlay 310,000 383,445 393,579 (10,134)
Total expenditures 643,508 962,916 628,796 14,712
Excess (deficiency) of revenues over
(under) expenditures $ (111,023) 14,569 $ (81,529) $ 29,494 Fund balances - beginning 493,997
Fund balances - ending $ 412,468
Budgeted Amounts
CITY OF KINGSBURG | JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Local Transportation Fund 81 Budgeted Amounts
Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental $ 622,107 667,649 $ 622,107 $ - $
Use of money and property 59,544 10,500 64,317 4,773
Total revenues 681,651 678,149 686,424 4,773

EXPENDITURES
Current:

Highway and streets 198,514 218,245 175,052 43,193
Capital outlay 1,037,673 915,838 1,015,045 22,628
Total expenditures 1,255,918 1,114,352 1,190,097 65,821 Excess (deficiency) of revenues over
(under) expenditures $ (574,267) (436,203) $ (503,673) $ 70,594 Fund balance - beginning 1,746,779
Fund balance - ending $ 1,243,106
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Gas Tax Fund
82 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental $ 662,513 662,513 $ 674,182 $ 11,669 $ Use of money and property 19,506 2,000 19,507 1
Total revenues 664,513 682,019 693,689 11,670

EXPENDITURES
Current:

Highway and streets 334,865 322,747 314,783 7,964
Capital outlay 460,724 460,724 460,724 -
Total expenditures 795,589 783,471 775,507 7,964
Excess (deficiency) of revenues over
(under) expenditures $ (101,452) (131,076) $ (81,818) $ 19,634 Fund balances - beginning 654,342
Fund balances - ending $ 572,524
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Senior Center Fund
83 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental $ 24,000 267,000 $ 24,737 $ 737 $
Other revenues 4,000 4,000 8,861 4,861
Total revenues 28,000 271,000 33,598 5,598

EXPENDITURES
Current:

Parks and community services 281,304 370,497 284,749 (3,445) Total expenditures 281,304 370,497 284,749 (3,445)
Excess (deficiency) of revenues over
(under) expenditures (99,497) (253,304) (251,151) 2,153

OTHER FINANCING SOURCES/(USES)
Transfers in 100,000 100,000 100,000 -
Net change in fund balances $ (153,304) 503 $ (151,151) $ 2,153 Fund balances (deficits) - beginning (202,629)
Fund balances (deficits) - ending $ (353,780)
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – COPS Grant Fund
84 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental $ 150,000 150,000 $ 100,000 $ (50,000) $ Use of money and property - - 4,179 4,179
Total revenues 150,000 150,000 104,179 (45,821)

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures 150,000 150,000 104,179 (45,821)

OTHER FINANCING SOURCES/(USES)
Transfers out (150,000) (150,000) (150,000) -
Net change in fund balances $ - - $ (45,821) $ (45,821) Fund balances - beginning 116,649
Fund balances - ending $ 70,828
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – San Joaquin Valley Air Grant 85 Variance with
Original Final Actual Final Budget
REVENUES $ - - $ - $ - $
Total revenues - - - -

EXPENDITURES - - - -
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, 2024
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Low and Moderate Housing Asset Fund 86 Variance with
Original Final Actual Final Budget

REVENUES
Total revenues - - - -

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures $ - - $ - $ -
Fund balances - beginning 574,389
Prior period adjustments (574,389)
Fund balances - ending $ -
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Vehicle Abandonment Fund 87 Variance with
Original Final Actual Final Budget

REVENUES
Use of money and property $ - - $ 804 $ 804 $
Total revenues - - 804 804

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures $ - - $ 804 $ 804
Fund balances - beginning 17,245
Fund balances - ending $ 18,049
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – ACT Task Force Grant Fund 88 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental $ 168,947 192,248 $ 168,948 $ 1 $
Use of money and property - - 421 421
Total revenues 192,248 168,947 169,369 422

EXPENDITURES
Current:

Public safety 172,248 185,748 169,156 16,592
Capital outlay 20,000 20,000 17,480 2,520
Total expenditures 192,248 205,748 186,636 19,112
Excess (deficiency) of revenues over
(under) expenditures $ (36,801) - $ (17,267) $ 19,534
Fund balances - beginning 48,222
Fund balances - ending $ 30,955
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Park Improvements Fund
89 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental $ 235,826 1,244,000 $ 50,300 $ (185,526) $ Total revenues 235,826 1,244,000 50,300 (185,526)

EXPENDITURES
Capital outlay 290,341 1,244,000 290,342 (1)
Total expenditures 290,341 1,244,000 290,342 (1)
Excess (deficiency) of revenues over
(under) expenditures $ (54,515) - $ (240,042) $ (185,527) Fund balances (deficits) - beginning (57,539)
Fund balances (deficits) - ending $ (297,581)
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – School Resource Officer Fund 90 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental $ 265,330 265,330 $ 322,822 $ 57,492 $ Total revenues 265,330 265,330 322,822 57,492

EXPENDITURES
Current:

Public safety 265,330 265,330 271,723 (6,393)
Total expenditures 265,330 265,330 271,723 (6,393)
Excess (deficiency) of revenues over
(under) expenditures $ - - $ 51,099 $ 51,099
Fund balances (deficits) - beginning (202,955)
Fund balances (deficits) - ending $ (151,856)
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Forgivable Loan Program Fund (RTTPF) 91 Variance with
Original Final Actual Final Budget

REVENUES
Taxes $ 130,000 130,000 $ 144,109 $ 14,109 $
Total revenues 130,000 130,000 144,109 14,109

EXPENDITURES
Capital outlay 375,000 375,000 325,000 50,000
Total expenditures 375,000 375,000 325,000 50,000
Excess (deficiency) of revenues over
(under) expenditures $ (245,000) (245,000) $ (180,891) $ 64,109

OTHER FINANCING SOURCES/(USES)
Transfers in 428,579
Net change in fund balances 247,688
Fund balances - beginning 138,305
Fund balances - ending $ 385,993
Budgeted Amounts
CITY OF KINGSBURG | JUNE 30, 2024
Combining Balance Sheet
Nonmajor Debt Service Funds
92 Kingsburg
Joint Powers
Authority
Assessment
District Total
ASSETS
Cash and investments $ 12,161 - $ 12,161 $
Advances to other funds - 1,580,000 1,580,000
Total assets $ 12,161 1,580,000 $ 1,592,161 $

LIABILITIES
Due to other funds $ 99,044 - $ 99,044 $
Total liabilities - 99,044 99,044

FUND BALANCES
Restricted:

Circulation improvements 12,161 - 12,161
Debt service - 1,480,956 1,480,956
Total fund balances 12,161 1,480,956 1,493,117
Total liabilities and fund balances $ 12,161 1,580,000 $ 1,592,161 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Debt Service Funds
93 Kingsburg
Joint Powers
Authority
Assessment
District Total

REVENUES
Use of money and property $ - 52,413 $ 52,413 $
Total revenues - 52,413 52,413

EXPENDITURES
Debt service:

Principal 135,000 - 135,000
Interest and fiscal charges - 54,723 54,723
Total expenditures - 189,723 189,723
Excess (deficiency) of revenues over
(under) expenditures (137,310) - (137,310)
Fund balances - beginning 12,161 1,618,266 1,630,427
Fund balances - ending $ 12,161 1,480,956 $ 1,493,117 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule – Kingsburg Joint Powers Authority Fund Nonmajor Debt Service Funds
94 Variance With
Final Budget
Positive
Original Final Actual (Negative)

REVENUES
Use of money and property $ 52,413 - $ 52,413 $ - $
Total revenues 52,413 - 52,413 -

EXPENDITURES
Debt service:

Principal 135,000 - 135,000 -
Interest and fiscal charges 52,412 - 54,723 (2,311)
Total expenditures 187,412 - 189,723 (2,311)
Excess (deficiency) of revenues over
(under) expenditures $ (134,999) - $ (137,310) $ (2,311) Fund balances - beginning 1,618,266
Fund balances - ending $ 1,480,956
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule – Assessment District Fund Nonmajor Debt Service Funds
95 Variance With
Final Budget
Positive
Original Final Actual (Negative)

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

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures $ - - $ - $ -
Fund balances - beginning 12,161
Fund balances - ending $ 12,161
Budgeted Amounts
CITY OF KINGSBURG | JUNE 30, 2024
Combining Balance Sheet
Nonmajor Capital Projects Funds
96 Sewer
Connection Storm Drain
Parks and
Recreation
Equipment
Replacement
Linnea Villas
Public Project Total
ASSETS
Cash and investments $ 212,673 1,712,276 $ 710,364 $ 26,532 $ 99,544 $ 2,761,389 $ Receivables 4,464 556 1,844 69 - 6,933
Total assets $ 213,229 1,716,740 $ 712,208 $ 26,601 $ 99,544 $ 2,768,322 $

LIABILITIES
Total liabilities - - - - - -

FUND BALANCES
Restricted:

Capital improvements 213,229 1,716,740 712,208 26,601 99,544 2,768,322 Total fund balances 213,229 1,716,740 712,208 26,601 99,544 2,768,322 Total liabilities and fund balances $ 213,229 1,716,740 $ 712,208 $ 26,601 $ 99,544 $ 2,768,322 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Capital Projects Funds
97 Sewer
Connection Storm Drain
Parks and
Recreation
Equipment
Replacement
Linnea Villas
Public Project Total

REVENUES
Intergovernmental $ - - $ - $ - $ - $ - $
Development fees 39,935 3,865 49,215 - - 93,015
Use of money and property 9,389 75,371 30,533 1,171 - 116,464 Total revenues 13,254 115,306 79,748 1,171 - 209,479

EXPENDITURES
Current:

Capital outlay - - - - - -
Total expenditures - - - - - -
Excess (deficiency) of revenues over
(under) expenditures 115,306 13,254 79,748 1,171 - 209,479 Fund balances - beginning 199,975 1,601,434 632,460 25,430 99,544 2,558,843 Fund balances - ending $ 213,229 1,716,740 $ 712,208 $ 26,601 $ 99,544 $ 2,768,322 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Sewer Connection Fund 98 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Development fees 50,000 $ 50,000 $ 39,935 $ (10,065) $
Use of money and property 75,371 - 75,371 -
Total revenues 125,371 50,000 115,306 (10,065)

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures $ 125,371 50,000 $ 115,306 $ (10,065) Fund balances - beginning 1,601,434
Fund balances - ending $ 1,716,740
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Storm Drain Fund
99 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Development fees 18,000 $ 3,865 $ 3,865 $ - $
Use of money and property 9,389 - 9,389 -
Total revenues 13,254 18,000 13,254 -

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures $ 13,254 18,000 $ 13,254 $ -
Fund balances - beginning 199,975
Fund balances - ending $ 213,229
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Parks and Recreation Fund 100
Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Development fees 60,000 $ 60,000 $ 49,215 $ (10,785) $
Use of money and property 30,532 - 30,533 1
Total revenues 90,532 60,000 79,748 (10,784)

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures $ 90,532 60,000 $ 79,748 $ (10,784) Fund balances - beginning 632,460
Fund balances - ending $ 712,208
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Equipment Replacement Fund 101
Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Use of money and property $ - - $ 1,171 $ 1,171 $
Total revenues - - 1,171 1,171

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures $ - - $ 1,171 $ 1,171
Fund balances - beginning 25,430
Fund balances - ending $ 26,601
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Linnea Villas Public Project Fund 102
Budgeted Amounts Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Total revenues - - - -

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures $ - - $ - $ -
Fund balances - beginning 99,544
Fund balances - ending $ 99,544
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Major Capital Projects Funds – Capital Facilities Fund
103
Budgeted Amounts
Variance with
Original Final Actual Final Budget

REVENUES
Development fees 290,500 $ 567,420 $ 591,720 $ 24,300 $ Use of money and property 257,506 24,000 257,507 1
Total revenues 824,926 314,500 849,227 24,301

EXPENDITURES
Current:

Planning and community
development - 10,000 - -
Capital outlay 134,222 285,000 111,871 22,351
Total expenditures 134,222 295,000 111,871 22,351
Excess (deficiency) of revenues over
(under) expenditures $ 690,704 19,500 $ 737,356 $ 46,652 Fund balances - beginning 5,227,414
Fund balances - ending $ 5,964,770
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2024
Budgetary Comparison Schedule
Major Capital Projects Funds – Streets Project Fund
104
Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental $ 413,897 348,700 $ 1,184,590 $ 770,693 $ Development fees - - 618 618
Total revenues 413,897 348,700 1,185,208 771,311

EXPENDITURES
Capital outlay 1,273,628 - 1,356,125 (82,497)
Total expenditures 1,273,628 - 1,356,125 (82,497)
Excess (deficiency) of revenues over
(under) expenditures $ (859,731) 348,700 $ (170,917) $ 688,814 Fund balances (deficit) - beginning (86,381)
Fund balances (deficit) - ending $ (257,298)
Budgeted Amounts
105

STATISTICAL SECTION
106
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) 107
2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 Governmental Activities
Net investment in capital assets 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 $ 27,818,069 $ Restricted 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 15,039,704 Unrestricted (1,786,896) (2,336,196) (314,962) 356,161 5,732,794 254,445 907,166 4,914,001 7,018,962 5,613,923 Total Net Position $ 19,048,764 17,268,029 $ 21,951,882 $ 23,105,621 $ 24,681,816 $ 28,382,856 $ 32,627,738 $ 41,156,225 $ 45,553,537 $ 48,471,696 $ Business-type Activities
Net investment in capital assets $ 6,432,895 6,998,393 $ 6,330,963 $ 3,774,918 $ 4,300,883 $ 6,482,788 $ 11,355,099 $ 10,993,329 $ 10,488,898 $ 9,447,552 $ Unrestricted (3,228,171) (4,436,064) (2,841,875) 4,604,156 4,554,673 3,499,631 (1,114,807) (656,482) (656,482) (2,843,972) Total Net Position $ 3,204,724 2,562,329 $ 3,489,088 $ 8,379,074 $ 8,855,556 $ 9,982,419 $ 10,240,292 $ 10,336,847 $ 9,832,416 $ 6,603,580 $ Total Primary Government
Net investment in capital assets 18,009,132 $ 18,350,788 $ 20,057,568 $ 17,355,248 $ 18,935,768 $ 23,453,860 $ 30,413,779 $ 32,603,396 $ 32,603,396 $ 37,265,621 $ Restricted 8,917,767 8,593,486 8,540,239 9,169,130 4,314,137 11,157,339 12,661,892 14,632,157 14,632,157 15,039,704 Unrestricted (5,015,067) (6,772,260) (3,156,837) 4,960,317 10,287,467 3,754,076 (207,641) 4,257,519 4,257,519 2,769,951 Total Net Position $ 22,253,488 19,830,358 $ 25,440,970 $ 31,484,695 $ 33,537,372 $ 38,365,275 $ 42,868,030 $ 51,493,072 $ 51,493,072 $ 55,075,276 $

FISCAL YEARS
Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Changes in Net Position (Accrual Basis of Accounting)
108
EXPENSES: 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 Governmental activities:

General government 933,367 $ 810,747 $ 1,005,379 $ 965,020 $ 1,008,560 $ 2,054,881 $ 715,354 $ 1,456,027 $ 2,524,957 $ 2,699,908 $ Parks and recreation 430,240 408,729 481,177 530,429 555,326 494,862 767,773 550,782 930,517 901,887 Public safety 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 6,565,174 Highway and streets 380,773 766,093 893,071 878,158 1,166,319 950,088 723,805 580,540 683,806 756,263 Public works 814,979 557,321 599,999 717,507 673,068 535,748 1,254,211 1,006,648 1,363,268 1,239,528 Planning and community development 189,723 286,768 356,258 367,442 477,762 426,503 650,586 1,434,479 1,191,530 860,918 Interest 300,066 199,851 187,158 173,912 158,427 141,335 124,188 99,255 69,661 - Total governmental activities 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 13,023,678 Business-type activities:

Water 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 3,713,756 Disposal 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 3,190,123 Ambulance/Fire 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 4,773,930 Building fee 113,451 - - - - - - - - -
Total business-type activities 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 11,677,809 Total primary government expenses 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 $ 24,701,487 $ PROGRAM REVENUES:

Governmental activities:

Charges for services $ 703,733 562,899 $ 1,742,760 $ 1,223,069 $ 1,059,138 $ 3,493,622 $ 2,612,979 $ 3,272,677 $ 1,667,353 $ 1,765,976 $ Operating grants 1,104,208 1,191,204 1,271,688 1,391,409 1,473,950 1,763,066 2,592,719 2,561,100 2,473,952 2,428,127 Capital grants 876,625 1,189,281 1,086,239 92,955 364,811 439,572 307,350 1,541,304 1,490,462 1,481,502 Total governmental activities 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 5,675,605 Business-type activities:

Charges for services 4,783,627 6,663,662 4,664,727 6,589,431 6,644,726 7,114,028 7,450,737 8,982,299 10,570,131 8,009,940 Operating grants 899,983 199,462 1,391,447 1,712,967 1,231,609 1,324,235 2,362,855 1,114,407 2,130,047 2,295,127 Capital grants - 199,462 - - 591,320 102,078 - - - -
Total business-type activities 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 10,305,067 Total primary government program revenues $ 8,368,176 10,005,970 $ 10,156,861 $ 11,009,831 $ 11,365,554 $ 14,236,601 $ 15,326,640 $ 17,471,787 $ 18,331,945 $ 15,980,672 $

FISCAL YEARS
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Changes in Net Position (Accrual Basis of Accounting) (Continued) 109
2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 Net (expense)/revenue:

Governmental activities (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) $ (7,348,073) $ Business-type activities (143,896) 1,716,139 (105,386) (313,514) 46,779 519,818 1,259 (497,746) (1,018,095) (1,372,742) Total primary government (expenses) revenue, net $ (2,031,191) (175,087) $ (1,325,142) $ (4,025,765) $ (4,755,080) $ (3,052,471) $ (3,194,328) $ (3,092,338) $ (7,828,197) $ (8,720,815) $ GENERAL REVENUES:

Governmental activities:

Taxes:

Property taxes 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 $ 2,491,557 $ Sales and use taxes 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 4,274,956Franchise taxes 227,745 371,609 375,520 483,749 433,177 476,016 519,474 539,719 610,913 623,693 Special assessments 227,861 243,108 249,630 243,785 239,557 - - - - - Transient occupancy taxes 421,535 471,331 515,696 539,949 538,169 320,034 295,857 435,977 419,730 400,932 Motor vehicle in-lieu 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 1,508,971 Investment earnings 281,981 190,689 205,053 227,180 211,383 210,807 124,720 117,787 485,955 853,055 Miscellaneous 160,211 133,675 90,403 63,707 267,498 843,455 242,866 193,372 39,655 194,491 American Rescue Plan Act (ARPA) - - - - - - - 2,896,491 - - Gain/Loss on sale of capital assets 1,113,000 - - - - - - 7,231 - 36,903 Transfers (783,000) (1,126,357) (383,000) (179,000) (350,000) (500,000) (300,000) (575,000) 1,896,915 (466,636) Total governmental activities 3,668,030 4,283,237 4,229,625 4,865,990 6,378,054 7,273,329 7,440,469 11,123,079 11,207,414 9,917,922 Business-type activities:

Investment earnings 3,291 1,321 6,750 24,500 79,703 107,045 20,983 11,186 38,488 65,148 Transfers 783,000 1,126,357 383,000 179,000 350,000 500,000 300,000 575,000 (1,896,915) 466,636 Gain on sale of assets - - - - - - - - 4,449 -
Extraordinary item-settlement revenue - - - 5,000,000 - - - - - - Total business-type activities 786,291 1,127,678 389,750 5,203,500 429,703 607,045 320,983 586,186 (1,853,978) 531,784 Changes in net position:

Governmental activities 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 2,569,849 Business-type activities 642,395 2,843,817 284,364 4,889,986 476,482 1,126,863 322,242 88,440 (2,872,073) (840,958) Total primary government changes in net position $ 2,423,130 5,235,828 $ 3,294,233 $ 6,043,725 $ 2,052,677 $ 4,827,903 $ 4,567,124 $ 8,616,927 $ 1,525,239 $ 1,728,891 $

FISCAL YEARS
Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Fund Balances of Governmental Funds (Modified Basis of Accounting) 110
2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 General Fund: Nonspendable $ 130,397 162,769 $ 96,706 $ 61,652 $ 25,180 $ - $ - $ - $ 1,833,036 $ 2,082,196 $ Committed - - - - 3,360,441 2,507,499 3,213,399 3,842,744 2,585,613 1,983,771 Assigned - - - - - - - - 5,469 -
Unassigned 2,629,738 2,443,302 3,531,436 4,491,553 1,968,125 2,644,962 2,878,456 5,089,253 6,623,871 7,924,535 Total General Fund 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 $ 14,035,246 $ All Other Governmental Funds:

Restricted 4,621,378 8,593,486 8,540,239 9,169,130 4,314,137 11,157,339 11,157,339 14,702,157 14,157,183 12,994,960Committed - - - - - - - - 138,305 385,993 Unassigned (1,150,379) (809,095) (465,268) (374,335) 4,428,564 (172,877) (172,877) (471,118) (549,504) (1,060,515) Total all other governmental funds $ 7,427,999 7,784,391 $ 8,074,971 $ 8,794,795 $ 8,742,701 $ 10,984,462 $ 10,984,462 $ 14,231,039 $ 13,745,984 $ 12,320,438 $ CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Changes in Fund Balances of Governmental Funds (Modified Basis of Accounting) 111
2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 REVENUESTaxes 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 $ 7,768,684 $ Licenses and permits 1,050,552 334,854 636,645 372,683 308,666 619,929 564,818 843,068 638,982 642,364 Intergovernmental revenue 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 5,258,144 Charges for services 358,346 326,563 384,310 451,115 391,458 375,013 321,432 404,743 420,569 252,708 Fines and penalties 14,854 18,693 12,677 15,464 20,424 11,679 5,023 17,327 6,696 12,920 Development fees 206,034 229,372 1,005,356 689,517 541,125 2,557,760 1,778,943 2,142,817 656,603 875,987 Interest 281,982 190,689 205,053 227,180 211,383 210,808 124,720 125,017 485,955 889,340 Other revenue 170,895 133,675 90,403 63,707 267,498 843,455 242,866 193,372 39,655 194,491 Total revenues 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 15,894,638 EXPENDITURES Current: General Government 630,146 726,070 972,276 893,467 923,719 1,172,306 1,147,009 1,544,628 2,537,928 1,802,023 Parks and community services 374,605 351,214 380,758 448,594 490,816 442,329 587,292 735,923 743,015 707,615 Public Safety 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 5,867,965 Public Works 461,645 438,132 397,214 408,377 708,016 571,131 564,783 631,783 541,756 618,190 Tax pass-through - - - - - - - - - -
Highway and streets 372,677 574,122 613,152 542,592 561,280 564,402 548,923 609,796 833,371 710,793 Planning and community development 189,215 315,118 311,654 355,537 395,608 547,095 641,648 836,341 646,197 690,734 Capital outlay 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 6,105,494 Debt service: Principal 5,190,000 317,349 292,914 314,516 314,697 304,370 290,633 289,100 388,225 155,172 Interest and fiscal charges 478,100 163,665 179,620 166,549 151,061 133,879 116,723 91,945 65,292 146,266 Bond issuance costs 268,580 - - - - - - - - 58,269
Total expenditures 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 16,862,521 Excess of revenues Over (under) Expenditures (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) (967,883) OTHER FINANCING SOURCES (USES)Proceeds from debt - - - - - - - - 67,275 3,274,000 Transfers in 230,168 499,805 294,677 585,473 153,715 155,000 205,000 205,000 2,895,162 678,579 Transfers out (1,356,525) (1,282,805) (677,677) (764,473) (503,715) (655,000) (505,000) (780,000) (998,247) (1,145,216) Finance purchase 80,000 - - - - - - - - -
Total other financing sources (uses) (1,126,357) (703,000) (383,000) (179,000) (350,000) (500,000) (300,000) (575,000) 1,964,190 2,807,363 Net changes in fund balances $ 372,061 (4,955,881) $ 1,047,341 $ 1,644,887 $ 748,447 $ 2,040,476 $ 2,012,312 $ 5,013,801 $ 1,630,937 $ 1,839,480 $ Debt service as a percentage of noncapital expenditures 58.01% 10.01% 9.08% 8.85% 7.44% 5.70% 5.12% 3.48% 3.79% 3.15%Source: City of Kingsburg Finance Department

FISCAL YEARS
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Assessed Value and Estimated Actual Value of Taxable Property 112
Exemption
Fiscal Assessed Estimated Assessed Estimated Real Assessed Estimated Year Value Actual Value Value Actual Value Property Value Actual Value 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 2024 1,384,117,980 1,384,117,980 83,181,891 83,181,891 10,149,800 1,457,150,071 1,467,299,871 Source: Fresno County Auditor/Controller
Real Property Personal Property Net
CITY OF KINGSBURG | LAST FIVE FISCAL YEARS
Assessed Value of Taxable Property
113
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)
2019-20 770,982,279 132,721,111 145,289,353 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 1.151188 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 1.247352023-24 1,044,464,607 159,143,908 157,294,248 78,785,300 84,920,391 67,416,803 1,457,191,651 1.096770 1,848,441,393 1.26850 Source: Avenu Insights & Analytics Notes:FY2015-16 is the City's first ACFR publication, therefore, prior year data availability is limited. Other property includes state unitary in the amount of $41,580.(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 Activities Tax Revenues by Source
114
Fiscal Year Property Sales Franchise Motor Vehicle Other Taxes Total 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 2023-2024 2,491,557 4,274,956 623,693 1,508,971 400,932 9,300,109 Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST SEVEN FISCAL YEARS
Direct and Overlapping Property Tax Rates
115
2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 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 0.029258 0.027426 0.025948 0.028058 0.027076 0.023484 0.000000 KINGSBURG HI 16REF 0.028416 0.028298 0.026658 0.027164 0.026310 0.023764 0.023384 KINGSBURG HI 14B 0.017210 0.014906 0.013522 0.015026 0.014492 0.000000 0.000000 KINGSBURG HI 22ARE 0.000000 0.000000 0.000000 0.000000 0.000000 0.009088 0.003242 KINGSBURG HI 22BRE 0.000000 0.000000 0.000000 0.000000 0.000000 0.016492 0.008364 STATE CCC 16 A 0.000000 0.000000 0.000000 0.000000 0.000096 0.001250 0.001342 STATE CCC 16 B 0.000000 0.000000 0.000000 0.016702 0.008596 0.018762 0.001874 STATE CCC 16 C 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.009956 KINGSBURG HI 14A 0.007664 0.007552 0.007180 0.007272 0.007252 0.000000 0.000000 STATE CCC 15 REFI 0.004056 0.004286 0.004614 0.004272 0.004288 0.003716 0.003696 STATE CCC 02 S 18A 0.000000 0.000000 0.003958 0.002750 0.003564 0.002454 0.002324 STATE CCC 12 REFI 0.002580 0.002284 0.002044 0.001944 0.001086 0.000000 0.000000 STATE CCC 17 REFI 0.000000 0.000000 0.000440 0.000002 0.000002 0.000200 0.000266 STATE CCC 20 REFI 0.000000 0.000000 0.000000 0.000000 0.000456 0.002088 0.001462 KINGS JUES 2016 B 0.000000 0.000000 0.000000 0.011338 0.000000 0.000000 0.000000 KINGSBURG 2006 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 KINGSBURG JUES 16 REF 0.002584 0.006122 0.005328 0.030188 0.000000 0.000000 0.000000 ST COLL 2016 GO A 0.018332 0.015440 0.014730 0.000002 0.000000 0.000000 0.000000 KINGS JUES 2016 A 0.025260 0.018664 0.018432 0.006470 0.000000 0.000000 0.000000 KINGSBURG 2004 BD 0.001456 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 KINGSBURG 2006 REF 0.017282 0.019682 0.018148 0.000000 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 0.026064 0.024306 0.023062 KINGSBURG EL 16 A 0.000000 0.000000 0.000000 0.000000 0.007162 0.006644 0.006124 KINGSBURG EL 16 B 0.000000 0.000000 0.000000 0.000000 0.013236 0.011678 0.011674 KNGSBG HS 06 S08 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 ST COL 2002 2007A 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 ST COLL 02 S 09A 0.000452 0.000452 0.000000 0.000000 0.000000 0.000000 0.000000 ST COLL 02 S 09B 0.000514 0.000504 0.000000 0.000000 0.000000 0.000000 0.000000 TOTAL 0.155064 0.145616 0.141002 0.151188 0.139680 0.143926 0.096770 TOTAL TAX RATE 1.155064 1.145616 1.141002 1.151188 1.139680 1.143926 1.096770 Source: Fresno County Auditor/Controller data, Avenu Insights & Analytics Notes:

FY2015-16 is the City's first ACFR publication, therefore, prior year data availability is limited.

TRA 6-000 is represented for this report .

CITY OF KINGSBURG | CURRENT YEAR AND NINE YEARS AGO
Principal Property Taxpayers
116
Taxpayer Taxable Value ($)
Percent of Total
City Taxable Value
(%) Taxable Value ($)
Percent of Total
City Taxable Value
(%)
Sun-Maid Raisin Growers of California 80,390,400 5.52%
Guardian Industries Corporation 67,653,723 4.64%
PCA Central California Corrugated LLC 37,937,900 2.60%
Kingsburg Villas LLC 23,272,600 1.60%
Alves George J & Louise N L Trustees 11,876,673 0.82%
JBBBS LLC 10,272,412 0.70%
Superb Hospitality LLC 7,254,300 0.50% 7,599,564 1.06%
Save Mart Portfolio Owner NLP CA LLC 7,074,720 0.49%
Cencal CNC Inc. 6,751,200 0.46%
Crestwood Behavioral Health 6,619,000 0.45%
Calico-Kingsburg LLC 6,160,373 0.42%
Wiebe Abe 6,039,410 0.41% 2,591,160 0.36%
K Prop LLC 5,683,012 0.39%
DFA of California 5,158,132 0.35%
Darren Hiyama Kings Court LLC 5,156,700 0.35%
Vie-Del Company 5,127,103 0.35%
Public Properties Inc. 5,006,785 0.34% 2,466,235 0.34%
Bosley Investments Ltd 4,539,000 0.31%
Alkably LLC 4,513,255 0.31%
K A T Prop LLC 3,954,810 0.27%
Foster Poultry Farms 3,851,951 0.26% 1,837,208 0.26%
Shahbazian John & Linda Trustees 3,846,930 0.26% 2,299,379 0.32% Msys LLC 3,722,393 0.26%
Gong Billy Kwock Trustee 3,308,079 0.23% 3,115,006 0.43% Sai Hospitality LLC 2,881,248 0.20%
Sacramento Container Corp 14,387,600 2.00%
Del Monte Corp 1.02% 7,315,863
Emster XII LLC 0.76% 5,500,000
Kings View LP 0.73% 5,240,900
PLT Kingsburg LLC 0.72% 5,156,700
RMP Properties LLC 0.49% 3,552,043
Satterberg Estates LLC 0.47% 3,394,560
Kingsburg Investments LLC 3,314,641 0.46%
Park Kingsburg 0.36% 2,578,200
Kingsburg Court LLC 0.32% 2,316,582
Canzoneri Richard M Norma G Trust 2,269,073 0.32%
Comast of Fresno Inc. 0.29% 2,122,400
Henderson EZ Storage L P 0.29% 2,072,412
VBW Investments 0.27% 1,957,300
Gianulias Vasio 0.25% 1,809,800
Model Drug Inc. 0.25% 1,788,500
Schuil Richard E Necia L 0.25% 1,765,857
Swedish Inn LLC 0.24% 1,730,202
Moro of California LLC 0.21% 1,530,938
Total Top 25 Taxpayers 328,052,109 22.51% 89,712,123 12.46% Total Taxable Value 1,457,191,651 100.00% 720,022,083 100.00% Source: Avenu Insights & Analytics
2023-24 2014-15
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Property Tax Levies and Collections
117
Fiscal Year
Current Tax
Levies
Current Tax
Collections
Percent of
Current Taxes
Collected
Delinquent Tax
Collections
Total Tax
Collections
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 1,153,055 100% - 2,198,316
2017-2018 2,270,184 1,509,786 100% - 2,270,184
2018-2019 2,342,997 1,557,869 100% - 2,342,997
2019-2020 2,377,674 1,496,597 100% - 2,377,674
2020-2021 2,420,200 1,626,481 100% - 2,420,200
2021-2022 2,555,981 1,815,126 100% - 2,555,981
2022-2023 2,755,493 1,964,729 100% - 2,755,493
2023-2024 3,068,943 3,068,943 100% - 3,068,943
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
118
Tax Lease CIEDB Lease Total
Fiscal Allocation Purchase Police Bldg Finance Revenue Water Meter CIEDB Primary Year Bonds Agreement Loan Purchases Bonds SBITAs (2) Finance Purchase Water Loan SBITAs (2) Government 2015 1,439,100 - - - 2,679,930 - 987,674 2,344,942 - 7,451,646 2016 1,262,900 - - 68,853 2,570,000 - 878,011 2,257,496 - 7,037,260 2017 1,095,300 - - 53,539 2,441,950 - 764,664 2,167,443 - 6,522,896 2018 911,600 - - 37,693 2,327,960 - 647,510 2,074,708 - 5,999,471 2019 733,300 - - 20,697 2,208,970 - 526,420 1,979,208 - 5,468,595 2020 570,900 - - 3,732 2,084,980 - 401,264 1,880,863 - 4,941,739 2021 409,600 - - - 1,960,990 - 271,903 1,779,587 - 4,422,080 2022 250,500 - - - 1,832,000 - 138,197 1,675,293 - 3,895,990 2023 - - - - 1,703,010 59,550 - 1,567,891 26,616 3,357,067 2024 - 3,274,000 - - 1,569,020 39,377 - 1,457,289 20,554 6,360,240 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. (2) GASB Statement No. 96 was implemented for SBITAs in FY2022-23. As a result, data for previous fiscal years is not available.

Governmental Activities Business Type Activities
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Ratios of General Bonded Debt Outstanding
119
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 2012 306,200 4,119,030 3,812,830 719,152,674 12,101 0.53% 315 2013 277,600 3,901,753 3,624,153 915,652,410 12,101 0.40% 299 2014 144,006 3,590,789 3,446,783 1,004,927,028 12,338 0.34% 279 2018 174,572 3,277,253 3,177,461 1,035,561,670 12,253 0.31% 259 2019 192,881 2,962,967 2,770,086 1,060,045,339 12,392 0.26% 224 2020 211,273 2,659,612 2,448,339 1,121,096,374 12,883 0.22% 190 2021 277,418 2,370,590 2,093,172 1,141,867,934 12,883 0.18% 162 2022 333,508 2,082,500 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 2024 - 4,843,020 4,843,020 1,313,217,204 12,506 0.37% 387 Source: City of Kingsburg Finance Department
General Debt Outstanding
CITY OF KINGSBURG | AS OF JUNE 30, 2024
Direct and Overlapping Governmental Activities Debt
120
City’s Share
Total Debt of Debt
OVERLAPPING TAX AND ASSESSMENT DEBT: 6/30/2024 % Applicable 6/30/2024 State Center Community College District 370,425,000 $ 1.264% 4,682,172 $ Selma Unified School District 4.005% 2,153,448 53,769,000 Kingsburg Joint Union High School District 50.165% 8,457,126 16,858,619 Kingsburg Elementary Charter School District 64.233% 10,921,098 17,002,316 TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 26,213,844 (1) DIRECT AND OVERLAPPING GENERAL FUND DEBT:

Fresno County General Fund Obligations $ 1.389% 18,740,000 260,299 Fresno County Pension Obligation Bonds 1.389% 179,254,274 2,489,842 Selma Unified School District Certificates of Participation 4.005% 5,962,475 238,797 Kingsburg Elementary Charter School District Certificates of Participation 64.233% 2,664,177 1,711,281 City of Kingsburg General Fund Obligations 100.000% 1,569,020 1,569,020 (3) TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT 6,269,239 TOTAL DIRECT DEBT 4,854,000
TOTAL OVERLAPPING DEBT 30,914,063
COMBINED TOTAL DEBT $ 35,768,063 (2)
(1)
(2)
(3)
Ratios to 2023-24 Assessed Valuation:

Total Overlapping Tax and Assessment Debt 1.79%
Total Direct Debt ($4,854,000) 0.33%
Combined Total Debt 2.44%
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 includes all long-term debt instruments of the government activities including Tax Allocation Bonds, CIEDB Police Building Loan, Finance Purchases, Lease Revenue Bonds, and SBITAs.

CITY OF KINGSBURG | AS OF JUNE 30, 2024
Legal Bonded Debt Margin Information
121

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 4,843,020
Less Tax Allocation Bonds
not subject to limit -
Amount Subject to limit 4,843,020
LEGAL BONDED DEBT MARGIN 193,670,851 $
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
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%
2024 198,513,871 4,843,020 193,670,851 2.50%
Source: Fresno County Auditor/Controller
CITY OF KINGSBURG | LAST SEVEN FISCAL YEARS
Demographic and Economic Statistics
122
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)
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 2023-2024 13,042 665,860,353 51,055 37.6 3,378 7.2% 4.5% 1,017,431

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.

Source: Avenu Insights & Analytics
FY2015-16 is the City's first ACFR publication, therefore, prior year data availability is limited.

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

2.) Income Data is provided by the U.S. Census Bureau.

CITY OF KINGSBURG | CURRENT YEAR AND SEVEN YEARS AGO
Principal Employers
123
Business Name
Number of
Employees
Percent of Total
Employment (%)
Number of
Employees
Percent of Total
Employment (%)
Sun-Maid Raisin Growers of California 550 9.82%
Kingsburg Elementary Charter School District * 314 5.61% Guardian Industries Corporation 240 4.29% 298 5.14%
Kingsburg Joint Union High School District 140 2.50%
Kingsburg Care Center 104 1.86%
HMC Fresh 85 1.52% 100 1.72%
City of Kingsburg 83 1.48% 46 0.79%
Save Mart 75 1.34% 70 1.21%
Cencal CNC Inc. 72 1.29%
Cornerstone Cold Storage 55 0.98%
Kmart 70 1.21%
Kings River Union School District 51 0.88%
Nutrius 45 0.78%
Waste Connection 36 0.62%
Denny's 32 0.55%
Fairfield Inn & Suites 19 0.33%
Total Top 10 Employers 1,718 30.67% 767 13.22%
Total City Labor Force (1) 5,600 5,800
Source: Avenu Insights & Analytics
(1) Total City Labor Force provided by EDD Labor Force Data.

Notes:

FY2015-16 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.

HMC Farms resides right outside City limits.
2024 2016
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Full-Time Equivalent Employees by Function
124
Function/Programs 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 1.44 1.42 1.50 1.35 1.34 1.30 1.33 1.33 City Clerk 1.00 1.00 1.00 1.00 1.00 1.20 1.00 1.00 1.00 1.00 Finance 1.00 1.00 1.00 0.95 1.00 5.00 0.95 0.95 1.28 1.28 Community Services 3.85 3.85 7.27 8.41 6.00 6.00 5.54 6.10 8.37 8.37 Human Resource 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.40 1.66 1.66 Police Department 18.00 18.00 18.07 20.36 21.50 19.72 20.50 29.00 23.79 28.00 Planning & Development 0.55 1.35 2.00 2.00 2.00 2.00 2.00 3.20 3.79 3.00 Public Works 3.03 3.03 3.00 5.34 7.00 7.00 2.34 2.71 2.71 5.31 Total Governmental Activities 34.43 35.23 39.78 45.48 46.00 48.27 39.67 50.66 48.93 54.95 Business-Type-Activities
Water 5.83 5.83 4.00 4.08 4.00 3.00 2.58 8.34 8.34 8.34 Solid Waste 2.05 2.05 2.00 2.13 - - 2.58 2.63 2.63 2.63 Ambulance/Fire 12.50 12.50 11.70 11.27 14.50 15.00 14.50 24.00 24.00 20.67 Building Permit 1.35 - - - - - - - - -
Total Business Type Activities 21.73 20.38 17.70 17.48 18.50 18.00 19.66 34.97 34.97 31.64 Full Time Employees 56.16 55.61 57.48 62.96 64.50 66.27 59.33 85.63 83.90 86.59 Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Operating Indicators by Function
125
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Police
# of calls for service 12,736 8,125 9,840 9,635 9,003 8,599 9,153 10,773 13,099 13,764 # of arrests 369 276 383 388 309 165 286 310 414 353
# of traffic citations 293 302 657 815 715 229 586 312 676 590 Fire
# of fire calls 598 441 622 495 560 536 653 592 480 576 # of EMS calls 1,651 1,285 1,768 1,657 1,894 2,084 2,157 2,369 2,490 2,432 # of inspections 8 6 10 6 24 150 225 414 300 76
Parks and Recreation
# of recreation classes 5 5 5 6 6 2 6 8 8 9
# of facility rentals 341 303 251 292 309 103 230 302 400 412 Public Works
# of street miles maintained 47.50 47.50 50.00 72.00 72.00 72.00 72.00 75.32 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 3,607 3,614 3,666 3,701 3,732 3,818 3,894 3,992 4,094 4,141 Water Production volume (in millions) 837.50 805.24 980.18 878.10 844.01 930.01 1,072.97 1,062.49 840.00 936.46 Planning and Building
# of building permits 310 388 416 379 426 684 889 869 590 529 # of planning applications 14 27 40 25 32 27 20 19 26 40 # of code complaints 50 30 14 61 321 162 231 260 679 1,006 Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Capital Assets Statistics by Function
126
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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 50.00 72.00 72.00 72.00 72.00 75.21 75.32 75.32 Community Services:

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

Water Wells 8 8 8 8 8 8 8 8 8 8
Source: City of Kingsburg Finance Department
GENERAL FUND 2020 2021 2022 2023 2024
BEGINNING OF YEAR FUND BALANCE 5,353,746 5,152,461 6,091,855 8,931,997 11,047,989 REVENUES: 6,881,047 6,787,980 10,340,115 7,368,449 8,118,062 EXPENDITURES: 6,627,332 5,643,586 7,019,973 7,481,809 7,856,209 Total Transfers in/Transfers out (455,000) (205,000) (480,000) 2,229,352 (548,596) Issuance of Debt - - - - 3,274,000
FUND BALANCE END OF YEAR 5,152,461 6,091,855 8,931,997 11,047,989 14,035,246 MEASURE E FUND 2020 2021 2022 2023 2024
BEGINNING OF YEAR FUND BALANCE 232,681 605,538 1,364,943 1,857,174 1,088,855 Operating Revenues 1,910,204 2,316,794 2,766,934 2,711,189 2,727,688 Operating Expenses 1,537,347 1,557,389 2,274,703 3,479,508 3,395,743 Changes in accounting principles - - - - -
FUND BALANCE END OF YEAR 605,538 1,364,943 1,857,174 1,088,855 420,800 WATER FUND 2020 2021 2022 2023 2024
BEGINNING OF YEAR FUND BALANCE 10,287,118 10,777,105 10,837,213 10,950,048 7,853,844 Operating Revenues 2,352,267 2,380,274 2,478,915 2,499,543 2,494,303 Operating Expenses 1,862,280 2,263,207 2,319,832 3,106,372 3,662,023 Total Transfers in/Transfers out (56,959) (46,248) (2,489,375) 9,330 FUND BALANCE END OF YEAR 10,777,105 10,837,213 10,950,048 7,853,844 6,695,454 DISPOSAL FUND 2020 2021 2022 2023 2024
BEGINNING OF YEAR FUND BALANCE (460,799) (506,101) (741,699) (770,916) (446,091) Operating Revenues 1,921,866 1,925,875 2,023,034 2,968,575 3,226,006 Operating Expenses 1,967,168 2,161,473 2,052,251 2,643,750 3,190,123 Changes in accounting principles - - - - -
FUND BALANCE END OF YEAR (506,101) (741,699) (770,916) (446,091) (410,208) AMBULANCE/FIRE FUND 2020 2021 2022 2023 2024
BEGINNING OF YEAR FUND BALANCE (970,763) (352,954) 152,893 157,715 57,021 Operating Revenues 2,823,209 3,755,812 1,848,858 1,435,712 2,289,629 Operating Expenses 2,141,031 3,249,965 3,454,227 4,196,757 4,080,740 Total Transfers in/Transfers out 575,000 586,692 450,485 Nonoperating revenues (Grants) (64,369) - 1,035,191 2,073,659 1,601,939 FUND BALANCE END OF YEAR (352,954) 152,893 157,715 57,021 318,334 City of Kingsburg
Presentation of the June 30, 2024, Financial
Statement Audit & Single Audit to the City
Council
April 16, 2025
Anthony 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 60 dedicated
employees, including 19 CPA’s
Price Paige & Company Background
• Fausto Hinojosa, CPA - Engagement Partner
• Anthony Gonzales II, CPA - Engagement Manager
• 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 Capital Asset
Transfer and Reporting Errors (page 9 of single
audit report)
• Financial balances & transactions required
adjustment to ensure proper reporting with
GAAP.
• Compliance
• No deficiencies
Government Auditing Standards Report
• $1,292,624 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 Estimates – Allowance for doubtful
accounts and net pension liability
• Sensitive Disclosures – Deficit Fund Balance (Note 2) • Difficulties Encountered in Performing Audit - none
Required Communications
• Significant Audit Adjustments – See corrected
material audit adjustment report
• Disagreements with Management – none.
• Fraud and Illegal Acts – Nothing identified
Required Communications (continued)
Questions?
To: Mayor & City Council
From: Corina Burrola
Date : April 10, 2025
Subject: Crime Statistics Summary for January, February, and March • Part I Crimes 30.
• Other Offenses 114.
• Traffic collisions 16.
• The number of arrests 65.
• Traffic citations issued 182.
• Truck citations issued on 18th Ave 9.
• Online Reports 16.

We continue to use Facebook, Kingsburg, Twitter, and Instagram as situations warrant to keep our citizens informed.

City of Kingsburg
Police department
1300 California Street, Kingsburg, CA 93631 (559) 897-4418 Neil G. Dadian
Chief of Police
Kingsburg Police Department
2025 Crime and Activity Report
Part 1 Crimes Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total Murder 0 1 0 0 0 0 0 0 0 0 0 0 1
Rape 0 0 0 0 0 0 0 0 0 0 0 0 0
Robbery 0 0 0 0 0 0 0 0 0 0 0 0 0
Aggravated Assaults 2 1 0 0 0 0 0 0 0 0 0 0 3
Burglary 4 1 0 0 0 0 0 0 0 0 0 0 5
Theft 6 1 11 0 0 0 0 0 0 0 0 0 18
Auto Theft 2 1 0 0 0 0 0 0 0 0 0 0 3
Total 14 5 11 0 0 0 0 0 0 0 0 0 30
Arson 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Offenses:

Vandalism 3 7 5 0 0 0 0 0 0 0 0 0 15
Simple Assault 6 2 2 0 0 0 0 0 0 0 0 0 10
Sex Offense 1 0 1 0 0 0 0 0 0 0 0 0 2
Child Abuse 1 0 0 0 0 0 0 0 0 0 0 0 1
Narcotic Violations 3 8 6 0 0 0 0 0 0 0 0 0 17
Other Felonies 4 7 14 0 0 0 0 0 0 0 0 0 25
Other Misdemeanors 6 15 23 0 0 0 0 0 0 0 0 0 44
Totals 24 39 51 0 0 0 0 0 0 0 0 0 114
Other Statistics:

Incident Reports 35 32 58 0 0 0 0 0 0 0 0 0 125
Online Reports 2 7 7 0 0 0 0 0 0 0 0 0 16
Traffic Collision- Fatal 0 0 0 0 0 0 0 0 0 0 0 0 0
Traffic Collision- Injury 0 1 2 0 0 0 0 0 0 0 0 0 3
Traffic Collision- No Injury 4 2 7 0 0 0 0 0 0 0 0 0 13 Total 41 42 74 0 0 0 0 0 0 0 0 0 157
Calls for Service 1120 896 923 0 0 0 0 0 0 0 0 0 2,939
Arrests
Felony Adults 9 3 9 0 0 0 0 0 0 0 0 0 21
Misdemeanor Adults 6 14 23 0 0 0 0 0 0 0 0 0 43
Felony Juveniles 0 1 0 0 0 0 0 0 0 0 0 0 1
Misdemeanor Juveniles 0 0 0 0 0 0 0 0 0 0 0 0 0
Total 15 18 32 0 0 0 0 0 0 0 0 0 65
Traffic Citation Total 70 61 51 0 0 0 0 0 0 0 0 0 182
Truck Citations 18th 3 1 5 0 0 0 0 0 0 0 0 0 9
Motorcycle Hours 118 120 96 0 0 0 0 0 0 0 0 0 334
Volunteer Hours:

Public Safety Volunteer 0 8 9.5 0 0 0 0 0 0 0 0 0 17.5
Police Intern 3 121 78 0 0 0 0 0 0 0 0 0 202
Total 3 129 87.5 0 0 0 0 0 0 0 0 0 219.5
Total Facebook Likes 8,300 8,300 8,400 0 0 0 0 0 0 0 0 0 Total X Followers 236 235 235 0 0 0 0 0 0 0 0 0
Total Instagram Followers 2,295 2,306 2,328 0 0 0 0 0 0 0 0 0 Kingsburg Police Department
2025 Crime and Activity Report
Part I Crimes Jan Feb Mar April May June July Aug Sept Oct Nov Dec Total Monthly % Change Homicide 0 1 0 1 -100%
Rape 0 0 0 0 0%
Robbery 0 0 0 0 0%
Agg. Assaults 2 1 0 3 -100%
Burglary 4 1 0 5 -100%
Larceny 6 1 11 18 1000%
GTA 2 1 0 3 -100%
2025 Total 14 5 11 30 120%
0 2
4 6
8 10
12 JAN FEB MAR APRIL MAY JUNE JULY AUG SEPT OCT NOV DEC Homicide
Rape
Robbery
Agg. Assaults
Burglary
Larceny
GTA
Kingsburg Police Department
2025 Calls for Service
Initiated Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total % of calls Officer 683 514 463 1660 -10%
Citizen 437 382 460 1279 20%
TOTAL 1120 896 923 2939 3%
Average Calls 36 32 30
0 100
200
300
400
500
600
700
800
1 2 3 4 5 6 7 8 9 10 11 12
2025 Calls for Service
Officer Citizen
Kingsburg Police Department
2024/2025 Crime and Activity Report
Year Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Total 2024/2025 2025 Total 14 5 11 30 %Change
2024 Total 22 18 16 56 -31.00%
0 5
10 15
20 25
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2024/2025 Part I Comparison
2025 Total 2024 Total

Kingsburg City CouncilApril 16, 2025

Kingsburg City Council
April 16, 2025