Kingsburg City Council
March 4, 2026

AGENDA

KINGSBURG CITY COUNCIL REGULAR MEETING
WEDNESDAY, March 4, 2026 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.

Staci Smith, Mayor
Brandon Pursell, Mayor Pro Tem Vince Palomar, Council Member Laura North, Council Member David M. Silva, Council Member Kingsburg City Council Agenda
March 4, 2026
Invocation to be given by Pastor John Dostal, of Concordia Lutheran Church, followed by the Pledge of Allegiance led by Mayor Staci Smith.

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
Police Department Swearing in and Badge Pinning:

Anthony Bustillos - Police Officer
Eddgar Maldonado - Police Officer
Marsha Alves - Police Services Technician
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 February 18, 2026 Regular Council Meeting as prepared by City Clerk Abigail Palsgaard.

Sponsor: City Clerk’s Office

2. Ratify/approve payment of bills listed on the check register for the period February 10, 2026, through February 23, 2026, as prepared by Accounts Payable Clerk Rachelle Resendez.

Sponsor: Finance Department

REGULAR CALENDAR

3. Financial Statements for the Year Ended June 30, 2025 – Consider Statements as prepared by Price Paige & Company - Staff Report prepared by Finance Director Alma Colado
Sponsor: Finance Department
Action As Deemed Necessary

4. Status of the City of Kingsburg’s Vacancies and Recruitment and Retention Efforts in Calendar Year 2025- Staff Report by Assistant City Manager Christina Windover Sponsor: Assistant City Manager’s Office
Action As Deemed Necessary
Kingsburg City Council Agenda
March 4, 2026

5. 2025/2026 Capital Improvement Update and FY27 Introduction- Staff Report by City Manager Alexander Henderson.

Sponsor: City Manager & Finance Department
Informational- No Action Necessary

6. City Engineers Update- Report by City Engineer Dave Peters.

Sponsor: City Engineer’s Office
Informational- No Action Necessary

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

CITY MANAGER’S REPORT

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 27th day of February 2026.
____________________________________
Abigail Palsgaard, City Clerk
Kingsburg City Council
Regular Meeting Minutes
February 18, 2026
Invocation was be given by Pastor Mark Thompson, First Baptist Church, followed by the Pledge of Allegiance led by Mayor Staci Smith.

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

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

COUNCIL MEMBERS ABSENT: None.

APPROVE AGENDA
A motion was made by Council Member Pursell, seconded by Council Member Palomar, 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 #3 from the consent calendar.

1. Approval of City Council Minutes: Approve the minutes from the February 4, 2026 Regular Council Meeting as prepared by City Clerk Abigail Palsgaard.

Sponsor: City Clerk’s Office

2. Ratify/approve payment of bills listed on the check register for the period January 27, 2026, through February 9, 2026, as prepared by Accounts Payable Clerk Rachelle Resendez.

Sponsor: Finance Department
A motion was made by Council Member North, seconded by Council Member Palomar, to approve the items #1 & #2 as appearing on the Consent Calendar. The motion carried by a unanimous voice vote.

PULLED ITEM:

3. Authorize the purchase and install a CJIS-compliant door access control system for the Police Department facility; utilize General Fund expenditure account 001-3400-539-5701 for the purchase; process a budget amendment to reflect the expenditure and offset using HSGP reimbursement revenue funds; approve KBMF as a sole-source vendor for system installation, integration, and ongoing support. – Staff Report by Police Chief Shaun Stephens Sponsor: Police Department
Council Member Silva asked whether the proposed door access control system would make the Police Department safer and why the project was not put out to bid.

Kingsburg City Council Minutes
February 18, 2026
Chief Stephens explained that the current system dates back to 2002, when the building was originally constructed. As a result, there are still areas of the Police Department that can be accessed by individuals walking through the building. He noted that this creates a concern with Criminal Justice Information Services Division (CJIS) requirements, as sensitive information must remain secure. Chief Stephens stated that he has been in communication with the Kingsburg Media Foundation, which has the ability to assist with the system. He added that seeking bids from other businesses would require additional time to obtain proposals, confirm system compatibility, and ensure workers are properly cleared to work inside the Police Department, which could ultimately increase costs in the future.

A motion was made by Council Member Silva, seconded by Council Member Pursell, to approve the item #3 as appearing on the Consent Calendar. The motion carried by a unanimous voice vote.

REGULAR CALENDAR
Kingsburg TNR Program - Staff Report by Community Services Director Adam Castenada Sponsor: Community Services Department
In 2024, the Kingsburg Trap Neuter Release (TNR) volunteer program was revitalized by April Johnson, Kim Eskew and Dovey Plain, three Kingsburg residents passionate about animal welfare and community service. Under their leadership, the newly formed Kingsburg TNR volunteer group has reestablished a structured, proactive approach to addressing feral and community cat colonies throughout the city. Current efforts focus on colonies located in public and high-visibility areas, including business parking lots, vacant lots, apartment complexes, and, in some severe cases, residential neighborhoods experiencing severe overpopulation. Within the past year alone, Kingsburg TNR volunteers have successfully trapped more than 185 cats, significantly reducing uncontrolled breeding and improving overall community conditions.

Since 2024- the Kingsburg TNR volunteer group has spayed and neutered over 200 feral cats in over populated areas. They were able to have 40 cats rescued, as they do not usually do not rehome. They stretch the funds of 20,000 that council has gave them as far as possible.

Population control is not a one-time fix, it is an ongoing process.

Council Member Palomar asked about high impact areas. The volunteers said commercial and senior living areas.

Council thanked the volunteers.

Micro-Grant Application Consideration – Kingsburg Athletic Foundation - Staff Report by City Manager Alexander Henderson
Sponsor: City Manager’s Office
Assistant City Manager Windover reported that staff has received an application for matching funds that would be used to help purchase and replace the scoreboard at the Crandell Swim Complex. The applicant is seeking $25,000 in matching funds; however, grant guidelines limit the funding to $15,000. The project, as described by the applicant, is to purchase and install a LED video scoreboard, and to move the location of the scoreboard from the west side of the pool to the north side of the pool. While the Athletic Foundation is requesting the change on behalf of Kingsburg City Council Minutes
February 18, 2026
High School aquatics, the new scoring system will benefit all aquatics programs including Seawolves, Tule Nation Tritons (TNT), and the Kingsburg Water Polo Club.

Adam Hughes presented for Kingsburg Aquatic club.

Council Member Silva inquired about potential amperage, voltage, or Pacific Gas and Electric Company service issues, referencing prior problems with the City’s solar system. Mr. Hughes reported that Silverfox Electric confirmed adequate power is available. Council Member Silva expressed concern that City funds should primarily support general municipal operations and stated caution regarding funding requests that may not broadly benefit the community.

Council Member Pursell voiced support for the item as a micro-grant. He noted the matter relates to the joint powers agreement with the high school and that funding responsibility is unclear. He stated the project could bring visitors to Kingsburg through meets and tournaments but expressed frustration with the condition of the pool facility and indicated a desire to revisit the joint powers agreement in the future.

Council Member North supported the micro-grant, citing youth use of the pool, but expressed concern regarding prior City funding of a high school marquee that required replacement after six years. She emphasized the importance of fiscal stewardship.

Council Member Palomar stated his support for the grant, noting changes in technology since the previous marquee installation.

Mayor Smith supported the program and asked about budget impacts. Assistant City Manager Windover stated that funding is available through reallocation and that additional micro-grant funding should remain available if needed.

Chris Peterson, resident, stated the high school marquee is now used internally for student notifications and expressed support for the grant.

Council Member Pursell motioned, seconded by Council Member Palomar, to approve the micro-grant up to $15,000 to support the purchase and installation of a new LED scoreboard, inclusive of miscellaneous costs, and any engineering and plan check fees required to complete the project and to approve a corresponding budget amendment authorizing the expenditure. The motion carried by a unanimous voice vote.

Q3 & Q4 Calendar Year 2025 Code Enforcement Update - Presentation by Building Official AJ O’Connell
Sponsor: Community Development Department
Council received the Q3 and Q4 Calendar Year 2025 Code Enforcement Update from Building Official O’Connell. He reported that a total of 375 cases were opened during the reporting period. The Council discussed the case closure rate, the types of violations being addressed, and the collection of related fees.

Mayor Smith asked about building conditions in the community and whether the increase in cases reflects targeted enforcement of specific code issues or a general rise in activity. Building Kingsburg City Council Minutes
February 18, 2026
Official O’Connell responded that the City has an aging building stock and noted that rising labor and material costs can make property maintenance and improvements more challenging.

FUTURE AGENDA ITEMS: None.

CITY MANAGER’S REPORT
Assistant City Manager Windover said there is no report.

COUNCIL REPORTS/COUNCIL COMMITTEE REPORTS
Council Member North reported that at the Kingsburg Healthcare District, the Fire Department presented a report on the AED program. Churches may request AEDs to be installed and receive training on their use. She also reported that Linda Simmons of Kingsburg Elementary School District reallocated funds for the 5K race. The District will now host the Dala Horse Trot and received $5,000, with an additional $2,500 to help offset registration fees for students. Council Member North also reported that SKF met and recognized Council Member Palomar for his three years of service on board.

Council Member Silva reported that the South Kings Groundwater Sustainability Agency has not met. He stated that the Kingsburg Chamber of Commerce has three open board seats with six candidates, and ballots will be sent to Chamber members. He noted that the Car Show Committee will be meeting soon. The Kingsburg Business Improvement District offered to assist with upcoming Chamber events. Council Member Silva also mentioned a workshop for corner planters, plans to move forward with a decorative Swedish phone booth, and noted increased Chamber membership and social media followers. The Chamber’s annual dinner will be held at Ramos Torres Winery on March 24. Additionally, the Kiwanis Club will host a dinner welcoming Chief Stephens, with tickets available for $25.

Council Member Palomar reported that the Public Safety Committee met. The Police Department presented a proposal for an indoor drone, and the committee approved funding of up to $4,000. The committee also approved $2,500 for youth bicycle helmets. He further reported that the Planning Commission met, selecting Sherman Dix as Chair and Bryan Arceo as Vice Chair.

Council Member Pursell provided a Fresno Council of Governments update, noting that Measure E now has two competing citizen initiatives. He emphasized the importance of voters understanding how the measure may benefit Kingsburg and is working to bring representatives from both sides to Kingsburg to provide information, rather than to hold a debate.

Mayor Smith reported that the Finance Committee and the Kingsburg Business Improvement District will meet in March. She also noted that the Kingsburg Chamber of Commerce hosted a ribbon cutting at Marcy’s Hart Insurance Group, followed by the Chamber mixer, and praised Chamber Executive Director Lauren Nikkel for her excellent work.

Mayor Smith adjourned the Regular Kingsburg City Council Meeting at 7:15pm.

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

Printed:
[email protected]
2/25/2026 11:50 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 02/13/2026
Burrola1-30-26 GWA CA, LLC- evidence disposal 984.60
Burrola1-30-26 CVS- alcohol prep pads- first aid 3.48
Burrola1-30-26 Smart & Final- drinks for Chief meeting/interviews 81.35 Burrola1-30-26 CLEARS membership (Alves) 50.00
Burrola1-30-26 Sam;s Club- water for Chief's meeting/Interviews 34.69 Burrola1-30-26 Reconyx- 12/22-12/26 21.80
Burrola1-30-26 CLEARS membership (Padilla) 75.00
Clark 1-30-26 CA Training A Bavery 3/16-3/19 Elevator Rescue 125.00 Colado 1-30-26 Staples- Post it tabs and colored pens 12.32 Colado 1-30-26 Government Finance Officers Association Inv 00028019 585.00 Colado 1-30-26 Staples- wireless mice, paper, pens,tape, staples 110.62 Colado 1-30-26 Staples- wireless mice, paper, pens,tape, staples 110.63 Colado 1-30-26 Government Finance Officers Association Inv 00028019 585.00 Colado 1-30-26 Staples- Post it tabs and colored pens 12.32 Cstnda 1-30-26 Savemart- Lifeguard Interview Panel snacks 47.11 Cstnda 1-30-26 Sam's Club- Senior Meal program- food 53.88 Cstnda 1-30-26 Sam's Club Senior Center Meal Program- food 191.98 Cstnda 1-30-26 Comm Services Vehicle gas 40.47
Cstnda 1-30-26 Sam's Club Senior hot meal program- food 199.32 Cstnda 1-30-26 Sam's Club- Senior Meal Program- food 127.69 Cstnda 1-30-26 Amazon- Senior Center Paper 53.60
Cstnda 1-30-26 Walmart- Senior Center meal program- cookware 62.66 Cstnda 1-30-26 Amazon- Senior Center Lunch Program- plates 386.60 Cstnda 1-30-26 Sam's Club- Senior Center Meal Program- containers & condiments 98.17 Cstnda 1-30-26 Amazon- Vacuum for Wade- RETURN -316.92
Galvez 1/30/26 PW Google TV 1/21 82.99
Galvez 1/30/26 Car Wash PW #652 39.99
Hrnandez1-30-26 Bookeo- subscription for CPR registration on line 39.95 Owen 1-30-26 Amazon (Comm. Dev)- printer maintenance cartridge replacement 42.05 Owen 1-30-26 Amazon (Comm. Dev)- envelope moistener 14.16 Owens1-30-26 Office Max: laminate project- Dariuss 15.18 Owens1-30-26 Jones & Bartlett- workbooks Paramedic Course- Anthony & Andrew 393.96 Plsgrd 1-30-26 Adobe- Ronald Flynn 117.52
Plsgrd 1-30-26 Adobe- Ronald Flynn 117.52
Plsgrd 1-30-26 Council Business Cards 82.79
Plsgrd 1-30-26 Council Name Badges 50.88
Robrts 1-30-26 1/22 Business Apple- subscription for tablets 49.95 Robrts 1-30-26 1/22 USPS- postage- state fire training 12.45 Robrts 1-30-26 1/21 Aspiring fire Officers- Capt testing 539.10 Robrts 1-30-26 1/15 Chick Fil A - per deim/Cal Cheif's EMS seminar 14.25 Robrts 1-30-26 1/15 Court Yard Marriott- D. Young- Cal Chief's EMS 161.51 Robrts 1-30-26 1/15 Court Yard Marriott- Chief- Cal Chief's EMS 161.51 Robrts 1-30-26 1/22 USPS- postage shipment to Torrance Fire 67.00 Robrts 1-30-26 1/23 Zazzle- plaque for Capt Owens 77.80 Robrts 1-30-26 1/22 Diciccos- lunch for Capy Owens 194.75 Robrts 1-30-26 1/21 Amazon- books/capt testing 163.08
Stephen 1-30-26 Double Tree- ELI Training (Chief) 1,013.70 Wndvr 1-30-26 Cal Chamber Labor Laws Poster 272.58
AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 1 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for this ACH Check for Vendor 4789: 7,461.04
89056 3565 AMAZON CAPITAL SERVICES 02/13/2026
17QQ-F6D9-GKNL USB port Ro 21.11
1LJX-77NQ-GWGR 20AMP, electrical outlet drop 43.87
1VFD-JH1X-NF1F Grill Brush 23.92
Total for Check Number 89056: 88.90
89057 3891 AMERICAN BUSINESS MACHINES 02/13/2026
846651 Black Toner 15.00
849579 Black Toner 7.50
849579 Black Toner 7.50
Total for Check Number 89057: 30.00
89058 3029 AT&T CALNET 3 02/13/2026
0024760217 MN Phone Svc charges 1/02/26 Acct. 559-897-6561 40.29 0024760217 MN Phone Svc charges 1/02/26-2/01/26 Acct. 559-897-8942 30.93 0024760217 MN Phone Svc charges 1/02/26-2/01/26 Acct. 559-897-2265 42.36 Total for Check Number 89058: 113.58
89059 4875 BOUND TREE MEDICAL LLC 02/13/2026
86078041 Medical supplies 383.96
86079619 Medical supplies 63.77
86087327 Medical supplies 138.54
Total for Check Number 89059: 586.27
89060 3056 CAL STATE TERMITE AND PEST 02/13/2026
0478205 Pool Pest Control 12/2 15.00
0479069 Pool Pest Control 1/6 30.00
0479080 Pool Pest Control 56.50
0479080 Amb Pest Control 35.00
0479080 Senior Center Pest Control 35.00
0479080 Memorial/Downtown Park Pest Control 95.00
0479080 Police Pest Control 35.00
0479080 Fire Pest Control 35.00
0479080 City Buildings Pest Control 168.50
Total for Check Number 89060: 505.00
89061 4429 CANON FINANCIAL SERVICES, INC 02/13/2026
42324532 Maintenance & Service (12/01/25-12/31/25) 38.14 42324532 Contract charge (12/01/25-12/31/25) 225.05
42324532 BW Maintenance Overage (11/01/25-11/30/25) 73.34 Total for Check Number 89061: 336.53
89062 3991 JOSH CAREY 02/13/2026
31026 Per Diem- East Indian Gang Training (2/24/26) 23.00 31026 Per Diem- Suicide by Cop (Post V) 3/10/26 22.00
Total for Check Number 89062: 45.00
89063 3831 ADAM CASTANEDA 02/13/2026
Feb 2026 Reimb. for monthly cell phone usage- Feb 2026 75.00 Total for Check Number 89063: 75.00
AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 2 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
89064 5021 CENTRAL CALIFORNIA S.P.C.A 02/13/2026
66542 January TNR Services 690.00
Total for Check Number 89064: 690.00
89065 5077 STEPHANIE CHAVEZ 02/13/2026
02252026 Per Diem - Drug Eval & Classification/POST Plan IV 2/25-2/26 46.00 Total for Check Number 89065: 46.00
89066 3918 CINTAS 02/13/2026
Jan 2026 Uniforms- MN- Public Works 1/1/26-1/26/26 608.48 Jan 2026 Uniforms- MN- Public Works 1/1/26-1/26/26 159.64 Jan 2026 Uniforms- MN- Public Works 1/1/26-1/26/26 121.78 Jan 2026 Uniforms- MN- Public Works 1/1/26-1/26/26 915.00 Jan 2026 Uniforms- MN- Public Works 1/1/26-1/26/26 170.72 Jan 2026 Uniforms- MN- Public Works 1/1/26-1/26/26 0.98 Total for Check Number 89066: 1,976.60
89067 3108 CMRTA 02/13/2026
4443 Annual Membership 2026 200.00
Total for Check Number 89067: 200.00
89068 3822 ALMA COLADO 02/13/2026
CSMFO 2/24-2/27 CSMFO confrence Feb 24- Feb 27,2026- Palm Springs- Per Diem 408.50 Feb 2026 Reimb. for monthly cell phone usage- Feb 2026 75.00 Total for Check Number 89068: 483.50
89069 5013 COST PER MILE, INC 02/13/2026
19131 x2 tires plus mount/dismount fees 2,395.95
Total for Check Number 89069: 2,395.95
89070 4110 KENNETH CRABB 02/13/2026
reimbursement -County Paramedic license renewal 78.00
Total for Check Number 89070: 78.00
89071 5002 DATA TICKET, INC 02/13/2026
189303 Code Enforcement Processing- December 220.00
Total for Check Number 89071: 220.00
89072 3143 DELTA VECTOR CONTROL DIST. 02/13/2026
FY 25/26 Mosquito & Vector testing 028430001000 14.06
FY 25/26 Mosquito & Vector testing 028140018000 2.81
FY 25/26 Mosquito & Vector testing 028220035000 0.41
Total for Check Number 89072: 17.28
89073 3148 DON BERRY CONSTRUCTION INC 02/13/2026
Payment 2 Retention Mehlert/Warkentin Alley Improvements -4,861.55 Payment 2 Retention 20th Ave Alley Improvements 336.05
Payment 2 Mehlert/Warkentin Alley Improvements 97,230.95 Payment 2 20th Ave Alley Improvements -6,721.00
Total for Check Number 89073: 85,984.45
89074 4615 EMERALD TEXTILES SERVICES 02/13/2026
AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 3 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
EFRE-00327733 linens, mats 354.76
EFRE-00330631 linens, mats 434.76
Total for Check Number 89074: 789.52
89075 3179 LEE FORLINES 02/13/2026
31026 Per Deim- Suicide by Cop POST (Plan V) 3/10/26 22.00 Total for Check Number 89075: 22.00
89076 3184 FRESNO CITY COLLEGE-Business Office 02/13/2026 19829064 Registration- rangemaster firearms Inst. course (Arevalo) 84.00 Total for Check Number 89076: 84.00
89077 3187 FRESNO COUNTY DEPT OF COMM. HE 02/13/2026
6085 Dispatching services- OCT,NOV, DEC 2025 personnel service & main 3,633.75 Total for Check Number 89077: 3,633.75
89078 3188 FRESNO COUNTY SHERIFF 02/13/2026
SO23355 Dispatch Services (February 2026) 19,827.86
SO23355 RMS/JMS Access fess (Feb 2026) 154.99
Total for Check Number 89078: 19,982.85
89079 4932 FRESNO OXYGEN/BARNES WELDING 02/13/2026
91736768 Bulk CO2 Pool 12-31-25 240.78
Total for Check Number 89079: 240.78
89080 3201 ALFREDO FUENTES 02/13/2026
030226 Per Diem- AJ-233H (PSP) Update 3/2-3/6/26 115.00 Total for Check Number 89080: 115.00
89081 5001 G&H DIESEL SERVICE, INC. 02/13/2026
51548 Unit# 11802- Chassis, check engine light 3,110.73 51561 Unit# 504 Chassis, R&R batter 2,133.59
51637 Unit# 11501 Chassis, replaced oil filter 2,379.61 51708 Unit#501Chassis, BIT inspection 1,861.16
Total for Check Number 89081: 9,485.09
89082 3721 DEREK GAGNON 02/13/2026
31126 Per Deim: Suicide by CopPOST (plan V) 3/11/26 22.00 Total for Check Number 89082: 22.00
89083 3595 GLEIM-CROWN PUMP 02/13/2026
43086 Pool Motor Repair- Leaking seal housing 3,319.68
Total for Check Number 89083: 3,319.68
89084 4569 JORDAN GONG 02/13/2026
22426 Per Diem- East Indian Gang Training (2/24/26) 23.00 Total for Check Number 89084: 23.00
89085 4492 MONIQUE GONZALES 02/13/2026
31026 Per Diem- Suicide by Cop Post Plan (V) 3/10/26 22.00 AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 4 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for Check Number 89085: 22.00
89086 4766 GOVPILOT 02/13/2026
2025-1313 GovPilot Annual Subscription 10,300.00
2025-1313 GovPilot Annual Subscription 10,300.00
Total for Check Number 89086: 20,600.00
89087 4644 HAVEN'S SECURITY INC. 02/13/2026
1029237230 Estimate charge 170.00
1029237492 Keypad removal/replacement/labor/parts 1,814.58 Total for Check Number 89087: 1,984.58
89088 3219 HEALTHWISE SERVICES 02/13/2026
218265 Kiosk Lease- Pharm, Site Chrgs 4930002, Manifst#1705561 1/23/26 184.88 Total for Check Number 89088: 184.88
89089 3221 ALEX HENDERSON 02/13/2026
2/4/26 Cal League of Cities conf. Per Diem Feb11-13,2026 230.00 Total for Check Number 89089: 230.00
89090 3222 HENRY SCHEIN, INC. 02/13/2026
52625741 Ambulance Medical Supplies 61.46
52660308 Ambulance Medical Supplies 19.55
Total for Check Number 89090: 81.01
89091 3225 HOME DEPOT CREDIT SERVICES 02/13/2026
2573453 Downtown lights 650.20
2900534 Water Equippment (hose, handpump) 243.94
4622348 Rugs for PD 117.12
Total for Check Number 89091: 1,011.26
89092 5170 INTEGRATED DESIGNS BY SOMAN INC02/13/2026
23783 Invoice Number 23783 - Conceptual Design 15,000.00 23820 City Hall Design; Payment #4 15,000.00
Total for Check Number 89092: 30,000.00
89093 3242 JOE SAUBERT INC. 02/13/2026
54705 Senior Center Water Heater Maint. 1/21 236.27
Total for Check Number 89093: 236.27
89094 3329 JOLENE POLYACK MARKETING 02/13/2026
3285 Econ. Dev. Jan 2026 3,300.00
Total for Check Number 89094: 3,300.00
89095 3253 KINGSBURG CHAMBER OF COMMERCE02/13/2026
Feb 2026 Monthly Budget Allowance- Feb 2026 2,500.00
Total for Check Number 89095: 2,500.00
89096 3254 KINGSBURG CHEVRON 02/13/2026
Jan-2026 KES Carwashes x2 (Jimenez) 10.00
Jan-2026 ME Carwashes x12 60.00
Jan-2026 GF Carwashes x17 85.00
AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 5 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Jan-2026 ACT Carwashes x1 5.00
Jan-2026 KHS Carwashes x1 (Arevalo) 5.00
Total for Check Number 89096: 165.00
89097 3625 KINGSBURG MEDIA FOUNDATION 02/13/2026
106-20260116-1 Cameras for the Council Chamber 1,446.84 106-20260201-1 Internet Feb 2026 10.05
106-20260201-1 Email License Fee- Feb 2026 20.00
106-20260201-1 Phones- Feb 2026 60.00
106-20260201-1 Email License Fee- Feb 2026 46.54
106-20260201-1 Email License Fee- Feb 2026 8.80
106-20260201-1 Phones- Feb 2026 48.50
106-20260201-1 Email Feb 2026 0.42
106-20260201-1 Email Feb 2026 44.40
106-20260201-1 Email License Fee- Feb 2026 8.80
106-20260201-1 Email License Fee- Feb 2026 27.79
106-20260201-1 Service Agreement Feb 2026 337.60
106-20260201-1 Email License Fee- Feb 2026 13.33
106-20260201-1 Service Agreement Feb 2026 1,483.07
106-20260201-1 Email License Fee- Feb 2026 10.04
106-20260201-1 Email Feb 2026 93.95
106-20260201-1 Phones- Feb 2026 324.53
106-20260201-1 Phones- Feb 2026 3.40
106-20260201-1 Phones- Feb 2026 48.50
106-20260201-1 Service Agreement Feb 2026 650.41
106-20260201-1 Email License Fee- Feb 2026 7.42
106-20260201-1 Phones- Feb 2026 19.38
106-20260201-1 Service Agreement Feb 2026 828.95
106-20260201-1 Internet Feb 2026 20.00
106-20260201-1 Phones- Feb 2026 17.00
106-20260201-1 Email Feb 2026 193.96
106-20260201-1 Service Agreement Feb 2026 184.00
106-20260201-1 Email License Fee- Feb 2026 11.26
106-20260201-1 Phones- Feb 2026 89.38
106-20260201-1 Email Feb 2026 24.88
106-20260201-1 Email Feb 2026 9.81
106-20260201-1 Internet Feb 2026 189.47
106-20260201-1 Phones- Feb 2026 62.08
106-20260201-1 Service Agreement Feb 2026 34.26
106-20260201-1 Email- Prorated charge for new Hire (Flynn) 1/13-2/1/26 7.05 106-20260201-1 Email Feb 2026 44.40
106-20260201-1 Email License Fee- Feb 2026 2.79
106-20260201-1 Email Feb 2026 32.35
106-20260201-1 Phones- Feb 2026 23.00
106-20260201-1 Service Agreement Feb 2026 304.69
106-20260201-1 Internet Feb 2026 50.75
106-20260201-1 Email Feb 2026 44.40
106-20260201-1 Service Agreement Feb 2026 117.61
106-20260201-1 Internet Feb 2026 25.60
106-20260201-1 Email-Feb 2026 additional Charge for New Hire (Flynn) 11.50 106-20260201-1 Service Agreement Feb 2026 70.31
106-20260201-1 Email License Fee- Feb 2026 2.92
106-20260201-1 Phones- Feb 2026 240.00
106-20260201-1 Internet Feb 2026 47.37
106-20260201-1 Service Agreement Feb 2026 88.54
106-20260201-1 Phones- Feb 2026 114.80
106-20260201-1 Phones- Feb 2026 45.00
106-20260201-1 Service Agreement Feb 2026 143.75
106-20260201-1 Service Agreement Feb 2026 500.00
AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 6 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
106-20260201-1 Email Feb 2026 74.75
106-20260201-1 Email Feb 2026 155.00
106-20260201-1 Internet Feb 2026 117.56
106-20260201-1 Phones- Feb 2026 48.50
106-20260201-1 Phones- Feb 2026 6.70
106-20260201-1 Internet Feb 2026 76.55
106-20260201-1 Email Feb 2026 6.98
106-20260201-1 Service Agreement Feb 2026 125.00
106-20260201-1 Email Feb 2026 56.83
106-20260201-1 Email-Feb 2026 additional Charge for New Hire (Flynn) 11.50 106-20260201-1 Email License Fee- Feb 2026 16.42
106-20260201-1 Email License Fee- Feb 2026 65.68
106-20260201-1 Internet Feb 2026 81.25
106-20260201-1 Email Feb 2026 17.25
106-20260201-1 Phones- Feb 2026 120.83
106-20260201-1 Phones- Feb 2026 181.69
106-20260201-1 Email Feb 2026 375.79
106-20260201-1 Email Feb 2026 33.66
106-20260201-1 Service Agreement Feb 2026 143.75
106-20260201-1 Internet Feb 2026 67.95
106-20260201-1 Email License Fee- Feb 2026 6.94
106-20260201-1 Email- Prorated charge for new Hire (Flynn) 1/13-2/1/26 7.04 106-20260201-1 Email License Fee- Feb 2026 20.81
106-20260201-1 Internet Feb 2026 18.75
106-20260201-1 Internet Feb 2026 16.67
106-20260201-1 Email Feb 2026 89.00
106-20260201-1 Service Agreement Feb 2026 17.39
106-20260201-1 Service Agreement Feb 2026 207.24
106-20260201-1 Internet Feb 2026 100.00
106-20260201-1 Email License Fee- Feb 2026 8.80
106-20260201-1 Service Agreement Feb 2026 86.93
106-20260201-1 Phones- Feb 2026 112.50
106-20260201-1 Phones- Feb 2026 20.63
106-20260201-1 Email License Fee- Feb 2026 1.48
106-20260201-1 Internet Feb 2026 20.00
106-20260201-1 Email License Fee- Feb 2026 3.00
106-20260201-1 Service Agreement Feb 2026 143.75
106-20260201-1 Email Feb 2026 103.52
106-20260201-1 Email Feb 2026 4.98
106-20260201-1 Service Agreement Feb 2026 372.63
106-20260201-1 Service Agreement Feb 2026 260.42
106-20260201-1 Internet Feb 2026 19.80
106-20260201-1 Service Agreement Feb 2026 649.70
106-20260201-1 Phones- Feb 2026 153.59
106-20260201-1 Email Feb 2026 76.67
106-20260201-1 Internet Feb 2026 279.17
106-20260201-1 Internet Feb 2026 50.23
106-20260201-1 Email License Fee- Feb 2026 0.17
106-20260201-1 Email License Fee- Feb 2026 13.00
106-20260201-1 Internet Feb 2026 213.83
106-20260201-1 Internet Feb 2026 20.00
Total for Check Number 89097: 13,177.93
89098 3258 KINGSBURG SENIORS, INC. 02/13/2026
2/2/26 Reimb:Meal Prog- Senoir Inc crd used to purch. lunch suppl 2,518.41 Total for Check Number 89098: 2,518.41
89099 4662 KOEFRAN INDUSTRIES, INC. 02/13/2026
AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 7 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
0000701451 Animal Control Disposal 1/28/26 250.00
Total for Check Number 89099: 250.00
89100 3266 BRENT KROEGER 02/13/2026
22726 Per Deim- EVOC training 2/27/26 23.00
31126 Per Deim- Suicide by Cop Post Plan (V) 3/11/26 22.00 Total for Check Number 89100: 45.00
89101 3271 LEAGUE OF CALIFORNIA CITIES 02/13/2026
8254 South San Joaquin Valley Division Membership Dues 2026 178.83 Total for Check Number 89101: 178.83
89102 3276 LIFE ASSIST INC 02/13/2026
2057281 Alcohol prep pads, catheters 180.83
2058462 Dextrose syringes, catheters 941.72
Total for Check Number 89102: 1,122.55
89103 3733 LOS PEPE'S MEXICAN FOOD 02/13/2026
2/4/26 Los Pepes Facade Grant 6,850.00
Total for Check Number 89103: 6,850.00
89104 4121 JEFFERY J. LOYD 02/13/2026
reimbursement Reimbursement for DOT Physical 75.00
Total for Check Number 89104: 75.00
89105 3288 MCCLASKEY, INC. 02/13/2026
0493 HASH Park- Concrete work and landscape 3,400.00
Total for Check Number 89105: 3,400.00
89106 3518 METRO UNIFORM 02/13/2026
305867 Four 1" star bar gold- Chief 23.95
305867 Quad Star Gold- Chief 21.95
305867 Sales Tax 5.89
305867 Bars Lieutenant- Silver 14.95
305867 Bars Lieutenant- Gold 12.95
Total for Check Number 89106: 79.69
89107 5059 RONALDO MEZA 02/13/2026
22426 Per Deim- Drug Evaluation Training 2/25-2/26 46.00 22426 Per Deim East Indian Gang Training 2/24/26 23.00
22426 Per Deim- ICI Gang Foundation Course 3/2-3/6 115.00 22426 Per Deim- Surveillance Techniques Course 3/9-3/11 69.00 Total for Check Number 89107: 253.00
89108 3466 NAPA AUTO PARTS 02/13/2026
728405 Mobil Delvaci ATG Gal 114.26
Total for Check Number 89108: 114.26
89109 3307 NELSON'S ACE HARDWARE-SELMA 02/13/2026
170349 Hardware: sjew bulk 16.20
170358 Velcro/broom 52.94
AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 8 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for Check Number 89109: 69.14
89110 3312 O'REILLY AUTO PARTS 02/13/2026
4445-117252 wiper blade/ Battery for C140 Vehicle 470.48 4445-128044 Blue Def 309.49
Total for Check Number 89110: 779.97
89111 3611 HOLLY OWEN 02/13/2026
Feb 2026 Cell Phone Monthly Allowance- Feb 2026 75.00
Total for Check Number 89111: 75.00
89112 3315 P G & E 02/13/2026
1/14/26 Electricity- 12/16/25-1/14/26 Acct# 7502184272-1 4,594.13 1/14/26 Electricity- 12/16/25-1/14/26 Acct# 7502184272-1 4,594.13 1/28/26 Electricity- 12/27/25-1/27/26 Acct# 9285082237-7 111.86 1/30/26 Electricity- 12/30/25-1/29/26 Acct# 1628344672-8 765.59 Total for Check Number 89112: 10,065.71
89113 4885 PACIFIC SHREDDING 02/13/2026
5286089 Shredding services (Oct) 112.00
5294514 Shredding services (Dec) 112.00
5298663 City Hall paper shredding services 1/23/26 30.80 5298663 City Hall paper shredding services 1/23/26 30.80 5298675 Shredding services (Jan) 56.00
Total for Check Number 89113: 341.60
89114 3450 ABIGAIL PALSGAARD 02/13/2026
2/10/26 Mayor Photo 2/4/26 35.00
2/10/26 Admin Car- Wash 2/6/26 14.00
2/10/26 Admin Car- Gas 2/6/26 51.37
Feb 2026 MN Cell Ph Allow- Feb 2026 75.00
Total for Check Number 89114: 175.37
89115 4537 PEGBOARD 02/13/2026
522948 1 Part Laser AP Checks 1,000 checks 446.70
522948 1 Part Laser AP Checks 1,000 checks 446.71
Total for Check Number 89115: 893.41
89116 5142 DOVEY PLAIN 02/13/2026
013126DP January TNR Reimb. for services FVRCP 247.00
Total for Check Number 89116: 247.00
89117 3334 PROFESSIONAL PRINT & MAIL, INC 02/13/2026
128454 Statments- Delinquent Notices- Jan 2026; Qty 485 137.58 128454 Statments- Delinquent Notices- Jan 2026; Qty 485 137.59 Total for Check Number 89117: 275.17
89118 5154 REAPER CLEAN LLC 02/13/2026
SQKINGS2601 Squad cars #2029 & #2133 disinfected,cleaned,deodorized 150.00 Total for Check Number 89118: 150.00
89119 4828 YVONNE RUIZ 02/13/2026
AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 9 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
EVOC-2026 Per Diem- EVOC training POST Plan (IV) 23.00
Total for Check Number 89119: 23.00
89120 3361 SAN JOAQUIN VALLEY AIR 02/13/2026
C380772 C-7145 Permit: Billing period 4/1/26-3/31/27 26/27 annual permit 155.00 Total for Check Number 89120: 155.00
89121 3570 SEQUOIA COUNCIL 02/13/2026
1547 Explorer- Scouting America new explorer (Roman) 95.00 Total for Check Number 89121: 95.00
89122 3369 SILVAS OIL COMPANY, INC. 02/13/2026
202985CT PW & CH Gas Card chrgs 1/16/26 - 1/31/26 76.68 202985CT PW & CH Gas Card chrgs 1/16/26 - 1/31/26 166.30 202985CT PW & CH Gas Card chrgs 1/16/26 - 1/31/26 342.66 202985CT PW & CH Gas Card chrgs 1/16/26 - 1/31/26 76.68 202985CT PW & CH Gas Card chrgs 1/16/26 - 1/31/26 129.86 202985CT PW & CH Gas Card chrgs 1/16/26 - 1/31/26 177.00 202985CT PW & CH Gas Card chrgs 1/16/26 - 1/31/26 211.74 202985CT PW & CH Gas Card chrgs 1/16/26 - 1/31/26 48.44 202986CT KES Fuels (Jimenez) 161.78
202986CT ME Fuels 722.70
202986CT ACT Fuels (Guzman) 448.01
202986CT GF Fuels 1,643.38
202986CT KHS Fuels (Arevalo) 119.36
202987CT Fuel- Fire 649.46
202987CT Fuel- Ambulance 649.45
202987CT Fuel- Measure E 649.46
Total for Check Number 89122: 6,272.96
89123 4274 SPRINGBROOK FINANCE HOLDING COM02/13/2026 PANY, INC.

INV-022906 Civic Pay Transaction Fee 352.35
INV-022906 Civic Pay Transaction Fee 352.35
Total for Check Number 89123: 704.70
89124 3378 STAPLES ADVANTAGE 02/13/2026
6051628531 City Hall batteries and plates 56.27
6051628531 City Hall batteries and plates 56.27
6051628532 Batteries 12/31/25 16.81
6051628533 copy paper, tissue,sharpie, calculator 12/31/25 436.76 6054382740 PW/Water- Double Wall Boxes 85.21
6054382741 PW/Water- Bookends and Planner 41.00
6054382743 PW/Streets- Earplugs, pens, binders 141.01
6054382744 PW/Streets- Key Lockbox 169.06
6054382745 Office supplies, sharpies,dusters, clorox wipes 500.84 6054382746 PW/Water- REFUND Double Wall Boxes -85.21
Total for Check Number 89124: 1,418.02
89125 4500 STATE FIRE TRAINIING 02/13/2026
1232026 Firefighter II Cert- Hayes 75.00
1232026 Instructor II Cert- Rodriguez 100.00
1232026 Instructor 1 Cert- Young 100.00
1232026 Company Officer Cert- Rodriguez 100.00
1232026 Company Officer Cert- Crabb 100.00
AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 10 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for Check Number 89125: 475.00
89126 3380 STATE OF CALIFORNIA-D O J 02/13/2026
015835 Fingerprint Apps (Flynn) 32.00
015835 Fingerprint Apps (Flynn) 32.00
Total for Check Number 89126: 64.00
89127 5119 SYSCO CENTRAL CALIFORNIA INC 02/13/2026
484834863 Senior Center Meal Prog. Food Order 2,775.02
Total for Check Number 89127: 2,775.02
89128 4334 TELSTAR 02/13/2026
130458 SCADA- troubleshooting reports 330.00
Total for Check Number 89128: 330.00
89129 4788 TOWNSEND PUBLIC AFFAIRS INC. 02/13/2026
24812 Consulting Services for the month of Feb 2026 6,000.00 Total for Check Number 89129: 6,000.00
89130 3419 VIKING CLEANING SERVICE 02/13/2026
1/31/26 Coffee Pot Park- Playground pressure wash 1/31/26 350.00 Jan 2026 Janitorial Services- Jan 2026 3,788.52
Total for Check Number 89130: 4,138.52
89131 3469 WECO SUPPLY CO., INC. 02/13/2026
980520 PW Cyl Rental 1/31/26 33.48
Total for Check Number 89131: 33.48
89132 3448 CHRISTINA WINDOVER 02/13/2026
1/6/26 Per Diem- LCW Employment & Labor Relations Conf. GSA- 2026 rate 230.00 1/8/26 CalPERLA Conference- Hotel 679.08
Feb 2026 Cell Phone Reimb.- Monthly- Feb 2026 75.00
Total for Check Number 89132: 984.08
89133 3430 BETTY WONG, 02/13/2026
Feb 2026 Wong Bldg. Leasees- Feb 2026 3,000.00
Total for Check Number 89133: 3,000.00
Total for 2/13/2026: 266,971.59
ACH 3231 ICMA RETIREMENT CORP - WIRE 457 02/20/2026
PR Batch 00002.02.2026 457 Percent - Mission Square PR Batch 00002.02.2026 457 Percent - Mission Square 498.40 PR Batch 00002.02.2026 Roth % PR Batch 00002.02.2026 Roth % 183.46 PR Batch 00002.02.2026 457 Mission Square PR Batch 00002.02.2026 457 Mission Square 7,633.66 Total for this ACH Check for Vendor 3231: 8,315.52
ACH 3470 Internal Revenue Service - ACH 02/20/2026
PR Batch 00002.02.2026 FICA Employee Portion PR Batch 00002.02.2026 FICA Employee Portion 19,082.28 PR Batch 00002.02.2026 Federal Income Tax PR Batch 00002.02.2026 Federal Income Tax 26,875.26 PR Batch 00002.02.2026 FICA Employer Portion PR Batch 00002.02.2026 FICA Employer Portion 19,082.28 PR Batch 00002.02.2026 Medicare Employee Portion PR Batch 00002.02.2026 Medicare Employee Portion 4,462.78 AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 11 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
PR Batch 00002.02.2026 Medicare Employer Portion PR Batch 00002.02.2026 Medicare Employer Portion 4,462.78 Total for this ACH Check for Vendor 3470: 73,965.38
ACH 3471 Employment Development Department - ACH02/20/2026 PR Batch 00002.02.2026 CA SDI PR Batch 00002.02.2026 CA SDI 3,529.60 PR Batch 00002.02.2026 State Income Tax PR Batch 00002.02.2026 State Income Tax 10,355.47 Total for this ACH Check for Vendor 3471: 13,885.07
ACH 3472 CalPERS - ACH 02/20/2026
PR Batch 00002.02.2026 PERS Misc. PEPRA ER PR Batch 00002.02.2026 PERS Misc. PEPRA ER 5,522.74 PR Batch 00002.02.2026 PERS Safety Fire -ClassicPR Batch 00002.02.2026 PERS Safety Fire -Classic 1,654.71 PR Batch 00002.02.2026 PERS Safety Police PEPRPR Batch 00002.02.2026 PERS Safety Police PEPR A 4850 A 4850 666.74 PR Batch 00002.02.2026 PERS Misc. Classic ER PR Batch 00002.02.2026 PERS Misc. Classic ER 4,617.27 PR Batch 00002.02.2026 PERS Safety Police ER PR Batch 00002.02.2026 PERS Safety Police ER 4,171.57 PR Batch 00002.02.2026 PERS Safety Police PEPRAPR Batch 00002.02.2026 PERS Safety Police PEPRA 9,615.93 PR Batch 00002.02.2026 PERS Safety Fire PEPRAPR Batch 00002.02.2026 PERS Safety Fire PEPRA 6,243.19 PR Batch 00002.02.2026 PERS Safety Fire ER PR Batch 00002.02.2026 PERS Safety Fire ER 4,296.52 PR Batch 00002.02.2026 PERS Misc. PEPRA PR Batch 00002.02.2026 PERS Misc. PEPRA 5,377.05 PR Batch 00002.02.2026 PERS Safety Fire PEPRA ER PR Batch 00002.02.2026 PERS Safety Fire PEPRA ER 6,352.14 PR Batch 00002.02.2026 PERS Safety Police PR Batch 00002.02.2026 PERS Safety Police 1,605.95 PR Batch 00002.02.2026 PERS Misc. Classic PR Batch 00002.02.2026 PERS Misc. Classic 2,663.89 PR Batch 00002.02.2026 PERS Safety Police PEPRPR Batch 00002.02.2026 PERS Safety Police PEPR A ER A ER 10,462.19 Total for this ACH Check for Vendor 3472: 63,249.89
ACH 3476 CHILD SUPPORT STATE DISBURSEMENT UNIT - ACH 02/20/2026 PR Batch 00002.02.2026 Child Support PR Batch 00002.02.2026 Child Support 294.56 Total for this ACH Check for Vendor 3476: 294.56
ACH 4707 ICMA-WIRE 401(A) 02/20/2026
PR Batch 00002.02.2026 Def Comp 401(a) ICMAPR Batch 00002.02.2026 Def Comp 401(a) ICMA 250.00 Total for this ACH Check for Vendor 4707: 250.00
89134 3994 GUARDIAN 02/20/2026
2/1-2/28/26 Monthly Insurance Premium 2/2026- Life- Employee 218.07 2/1-2/28/26 Monthly Insurance Premium 2/2026- Guardian- Dental 6,684.09 2/1-2/28/26 Monthly Insurance Premium 2/2026- Vol Ins Plans 2,006.49 2/1-2/28/26 Monthly Insurance Premium 2/2026- VSP- Vision 1,169.61 2/1-2/28/26 Monthly Insurance Premium 2/2026- Vol Life Ins. 1,972.79 3/1-3/31/26 Monthly Insurance Premium 3/2026- Life- Employee 214.46 3/1-3/31/26 Monthly Insurance Premium 3/2026- Vol Ins Plans 1,752.71 3/1-3/31/26 Monthly Insurance Premium 3/2026- Vol Life Plans 1,961.04 3/1-3/31/26 Monthly Insurance Premium 3/2026- VSP- Vision 1,146.50 3/1-3/31/26 Monthly Insurance Premium 3/2026- Guardian- Dental 7,869.97 Total for Check Number 89134: 24,995.73
89135 3660 KPFA 02/20/2026
PR Batch 00002.02.2026 KPFA - Union Dues PR Batch 00002.02.2026 KPFA - Union Dues 640.00 Total for Check Number 89135: 640.00
89136 3525 Kingsburg Police KPOA 02/20/2026
PR Batch 00002.02.2026 KPOA Union Dues PR Batch 00002.02.2026 KPOA Union Dues 1,160.00 Total for Check Number 89136: 1,160.00
AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 12 Check No Vendor No Vendor Name Check Date Check Amount
Invoice No Description Reference
Total for 2/20/2026: 186,756.15
Report Total (88 checks): 453,727.74
AP Checks by Date - Detail by Check Date (2/25/2026 11:50 AM) Page 13

CITY COUNCIL MEETING STAFF REPORT
REPORT TO: Mayor Smith & City Council
REPORT FROM: Alma Colado, Finance Director REVIEWED BY: AJH AGENDA ITEM: 2024-2025 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, 2025, 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, 2025.

Key Highlights:
• General Fund: Expenditures exceeded revenues by $614,305 (excluding interfund transfers), primarily due to increases on salaries, benefits and capital outlay. • Measure E Fund: Expenditures exceeded revenues by $97,203 which is attributable to a decrease in revenues from taxes.
• Ambulance/Fire Fund: Experienced an operating deficit of $2,755,916, 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.
• Water Fund: Reported an operating deficit of $1,020,332, which is mostly attributable to a decrease in revenue for charges for services. To address this, the city implemented a water rate increase in the proposed FY25-26 budget, with planned annual adjustments over the next five years.
• Disposal Fund: Revenues exceeded expenditures by $7,458. 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, 2025.

POLICY ALTERNATIVE(S)

1. NA

REASON FOR RECOMMENDATION/KEY METRIC

1. Financial Stability
Meeting Date: 03/04/2026
Agenda Item: 3

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
2024‐2025
Annual Comprehensive
Financial Report
For the Fiscal Year July 1, 2024 to June 30, 2025
CITY OF KINGSBURG | FOR THE FISCAL YEAR ENDED JUNE 30, 2025 Annual Comprehensive Financial Report

TABLE OF CONTENTS
PAGE

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

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, 2025
Annual Comprehensive Financial Report
TABLE OF CONTENTS (Continued)
PAGE
Required Supplementary Information:

Budgetary Comparison Schedules:

General Fund ............................................................................................................................................................... 66 Measure E Fund .......................................................................................................................................................... 67 Pension Plans:

Cost-Sharing Multiple-Employer Defined Benefit Plan:

Schedule of Proportionate Share of Net Pension Liability ................................................................................... 69 Schedule of Contributions .................................................................................................................................... 70 Notes to the Required Supplementary Information .......................................................................................................... 71 Combining and Individual Nonmajor Fund Financial Statements and Schedules:

Nonmajor Governmental Funds:

Combining Balance Sheet ............................................................................................................................................ 75 Combining Statement of Revenues, Expenditures and Changes in Fund Balances .................................................... 76 Nonmajor Special Revenue Funds:

Combining Balance Sheet ............................................................................................................................................ 77 Combining Statement of Revenues, Expenditures and Changes in Fund Balances .................................................... 79 Budgetary Comparison Schedules:

Measure C Fund ................................................................................................................................................... 81 Local Transportation Fund ................................................................................................................................... 82 Gas Tax Fund ........................................................................................................................................................ 83 Senior Center Fund .............................................................................................................................................. 84 COPS Grant Fund .................................................................................................................................................. 85 San Joaquin Valley Air Grant 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, 2025
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 Schedules:

Kingsburg Joint Powers Authority Fund ............................................................................................................... 94 Assessment District Fund ..................................................................................................................................... 95 Nonmajor Capital Projects Funds:

Combining Balance Sheet ............................................................................................................................................ 96 Combining Statement of Revenues, Expenditures and Changes in Fund Balances .................................................... 97 Budgetary Comparison Schedules:

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 CITY OF KINGSBURG | JUNE 30, 2025
Annual Comprehensive Financial Report
Property Tax Levies and Collections – Last Ten Fiscal Years ............................................................................................ 117 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
x
CITY OF KINGSBURG | JUNE 30, 2025
List of Elected and Appointed Officials
xi
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
Finance Director/City Treasurer Alma Colado
Community Development Director Holly Owen
Public Works Director David Galvez
Community Services Director Adam Castaneda

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 (the City), as of and for the year ended June 30, 2025, 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, as of June 30, 2025, 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 January 19, 2026, 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
January 19, 2026
4 MANAGEMENT’S DISCUSSION AND ANALYSIS
CITY OF KINGSBURG | JUNE 30, 2025
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, 2025. 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, 2025
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 66-67 and 103-104.

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 25-28 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, 2025
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 32-63 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 66-71 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 75-104 of this report.

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

I. Statement of Net Position
Condensed Statement of Net Position
2025 2024
Assets 71,565,758 $ 68,921,265 $ Government-wide total assets at fiscal year ending June 30, 2025 increased by $2,644,493 which is 3.8% higher than fiscal year ending June 30, 2024 Liabilities 17,659,346 $ 17,580,166 $ Government-wide total liabilities at fiscal year ending June 30, 2025 increased by $79,180 which is .5% higher than fiscal year ending June 30, 2024 Deferred
Outflows/Inflows of
Resources
$ 3,734,177 3,212,024 $ 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 57,118,436 $ 55,075,276 $ The Net Position (assets less liabilities plus deferred inflows/outflows) at fiscal year ending June 30, 2025 increased by $2,043,160 which is 3.7% more than fiscal year ending June 30, 2024. The net position includes a net amount of $3,212,024 of deferred outflows/inflows of resources.

CITY OF KINGSBURG | JUNE 30, 2025
Management’s Discussion and Analysis
8 Statement of Net Position (Detail)
2025 2024 2025 2024 2025 2024
Assets:

Current and other assets 26,460,973 $ 27,716,599 $ (1,560,067) $ (336,553) $ 24,900,906 $ 27,380,046 $ Capital assets 36,218,593 30,615,824 10,446,259 10,925,395 46,664,852 41,541,219 Total assets 62,679,566 58,332,423 8,886,192 10,588,842 71,565,758 68,921,265 Deferred Outflows of Resources:

Total deferred outflows of resources 2,310,665 2,959,024 1,079,961 1,183,658 3,390,626 4,142,682 Liabilities:

Current and other liabilities 7,128,544 6,689,617 2,463,724 2,581,066 9,592,268 9,270,683 Long-term liabilities 5,391,651 5,860,734 2,675,427 2,448,749 8,067,078 8,309,483 Total liabilities 12,520,195 12,550,351 5,139,151 5,029,815 17,659,346 17,580,166 Deferred Inflows of Resources:

Total deferred inflows of resources 104,902 269,400 73,700 139,105 178,602 408,505 Net Position:

Net investment in capital assets 31,854,391 27,818,069 9,088,755 9,447,552 40,943,146 37,265,621 Restricted 12,977,152 15,039,704 - - 12,977,152 15,039,704 Unrestricted 7,533,591 5,613,923 (4,335,453) (2,843,972) 3,198,138 2,769,951 Total net position 52,365,134 $ 48,471,696 $ 4,753,302 $ 6,603,580 $ 57,118,436 $ 55,075,276 $ Governmental Activities Business-Type Activities Total
Of the total net position, $40,943,146 or 70% 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 $3,212,024 a separate section for deferred outflows of resources and a deferred inflow of resources 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 $8,067,078 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 $12,977,152 or 23% of the total. Restricted net position represents resources that are subject to external restriction imposed by the State on how they may be used.

Unrestricted net position represents resources which may be used to meet the City’s ongoing commitments to citizens and creditors. Government activities unrestricted net position is $7,533,591 while the business-type activities account for a deficit of $4,335,453. 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 $52,365,134 or 92% of the total government-wide net position. This is an increase of $3,893,438 or 8% over the governmental net position ending balance due to an increase in investment in capital assets.

CITY OF KINGSBURG | JUNE 30, 2025
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.
2025 2024
Operating revenues $ 26,430,378 28,698,034 $
Operating expenses 24,701,487 26,289,118
Increase in net position 1,728,891 2,408,916
Error correction (see footnote 14) 328,074 (365,756)
Net position, beginning of year 53,018,311 55,075,276
Net position, end of year $ 55,075,276 57,118,436 $
Changes in Net Position (Detail)
2025 2024 2025 2024 2025 2024

REVENUES
Program revenues:

Charges for services 2,244,237 $ 1,765,976 $ 8,569,285 $ 8,009,940 $ 10,813,522 $ 9,775,916 $ Operating grants 2,463,986 2,428,127 2,317,523 2,295,127 4,781,509 4,723,254 Capital grants 2,484,807 1,481,502 - - 2,484,807 1,481,502 General revenues:

Property taxes 2,542,408 2,491,557 - - 2,542,408 2,491,557 Sales and use taxes 4,337,433 4,274,956 - - 4,337,433 4,274,956 Other taxes 2,613,501 2,533,596 - - 2,613,501 2,533,596 Gain on sale of assets 1,750 36,903 - - 1,750 36,903
Rent, interest and other 1,094,979 1,047,546 28,125 65,148 1,123,104 1,112,694 Total revenues 16,060,163 17,783,101 10,914,933 10,370,215 28,698,034 26,430,378

EXPENSES
General government 3,080,288 2,699,908 - - 3,080,288 2,699,908 Parks and community services 822,916 901,887 - - 822,916 901,887 Public safety 6,804,983 6,565,174 - - 6,804,983 6,565,174 Public works 647,963 756,263 - - 647,963 756,263
Highway and streets 1,704,039 1,239,528 - - 1,704,039 1,239,528 Planning and community 796,243 860,918 - - 796,243 860,918 Water - - 3,622,311 3,713,756 3,622,311 3,713,756
Disposal - - 3,423,581 3,190,123 3,423,581 3,190,123
Ambulance/fire - - 5,386,794 4,773,930 5,386,794 4,773,930 Total expenses 13,023,678 13,856,432 12,432,686 11,677,809 26,289,118 24,701,487 Increase (decrease) in net position
before transfers 3,926,669 3,036,485 (1,517,753) (1,307,594) 2,408,916 1,728,891 Capital contributions out 855,253 - (855,253) - - -
Transfers in(out) (1,054,609) (466,636) 1,054,609 466,636 - - Increase (decrease) in net position 3,727,313 2,569,849 (1,318,397) (840,958) 2,408,916 1,728,891 Net Position - beginning, as previously reported 48,471,696 45,553,537 6,603,580 7,464,774 55,075,276 53,018,311 Error correction (see footnote 14) 166,125 348,310 (531,881) (20,236) (365,756) 328,074 Net Position - beginning, as restated 48,637,821 45,901,847 6,071,699 7,444,538 54,709,520 53,346,385 Net Position - end of year 52,365,134 $ 48,471,696 $ 4,753,302 $ 6,603,580 $ 57,118,436 $ 55,075,276 $ Governmental Activities Business-Type Activities Total
Total governmental revenues for the year were $17,783,101 with charges for services comprising 12% of the total revenue. Taxes, which include property, sales and other taxes, account for $9,493,342 or 54% of the City’s governmental activities revenue. The increase in revenues is due to increases in property taxes, service fees, permits, capital grants, interest and use of property.

CITY OF KINGSBURG | JUNE 30, 2025
Management’s Discussion and Analysis
10 Total governmental expenses for the year were $13,856,432. Public Safety accounts for $6,804,983 or 50% of the total governmental activity expenses, followed by General Government, Highways and Streets, Parks and Community Services, Planning and Community, and Public Works with $3,080,288, $1,704,039, $822,916, $796,243, $647,963 or 22%, 12%, 6%, 5%, 5% respectively. The increases in expenses are due to an increase in salaries and benefits and recording the Solar equipment lease-purchase agreement.

Revenues by Source - Governmental Activities
Charges for Services
13% Operating Grants
14%
Capital Grants
14%
Property Taxes
14%
Sales Taxes and Uses
Taxes
24%
Other Taxes
15%
Rents, Interest &
Other
6%
Program revenues which include charges for services, grant revenues and developer capital contributions account for $7,193,030 or approximately 41% 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 $4,753,302 or 8% of the total government-wide net position. This is a decrease of $1,850,278 or 29% compared to June 30, 2024. Charges for current services account for $8,569,285 or 79% of the total business-type activity revenue (excluding transfers).

CITY OF KINGSBURG | JUNE 30, 2025
Management’s Discussion and Analysis
11 Revenues by Source - Business-Type Activities
Charges for Services

78.51%
Operating Grants &
Contributions

21.23%
Investment Earnings

0.26%
Operating Expenses and Operating Revenues-Business Type Activities $2,556,006 $3,431,039 $2,250,392
$3,576,338
$3,423,581
$5,006,308
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
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 $1,020,332. Disposal operating revenues exceeded expenses by $7,458 due to an increase in disposal rates and Ambulance/Fire expenses exceeded operating revenues by approximately $2,755,916 for fiscal year ending June 30, 2025.

CITY OF KINGSBURG | JUNE 30, 2025
Management’s Discussion and Analysis
12 Financial Analysis
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Governmental Funds – Most of the City’s basic services are reported in government funds. These funds focus on reporting the flow of money into and out of those funds and the balances left at year-end that are available for spending. The ending fund balance for all governmental funds is $24,888,238 which is a decrease of $1,633,571 or % 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, $7,574,471 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 $8,710,584
 Circulation improvements 2,783,620
 Debt Service 1,338,646
 Public safety programs 465,064
Committed
 Pension reserve 1,319,019
 Equipment reserve 434,140
The General Fund is the chief operating fund of the City. As of June 30, 2025, the total fund balance of the General Fund was $12,368,505 with unassigned fund balance of $8,264,796. The General Fund total fund balance decreased $1,666,741 or 14% 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 decrease in the General Fund balance indicates that the General Fund had more expenditures than revenues which is most attributed to an increase in salaries, benefits and capital outlay.

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 decreased by $1,666,741, which is mostly due to an increase in expenditure on salaries, benefits and capital outlay.
 The Measure E fund balance decreased by approximately $95,378 which is attributable to a decrease in revenues from taxes.
 The Capital Facilities fund noted an decrease in fund balance of $501,022 which is mostly attributable to an increase of capital outlay expenditures for new dog park improvement.  The Street Projects fund balance increased by $14,910 which is mostly attributable to significant capital project activity related to the Mariposa Street reconstruction and sidewalks repair projects.  The City’s nonmajor governmental fund balance increased by $614,660 which is due to various activity but included significant capital outlays and revenues related to highways and street projects throughout the City.

CITY OF KINGSBURG | JUNE 30, 2025
Management’s Discussion and Analysis
13  The City’s Water fund net position decreased by $1,021,672 which is mostly attributable to a decrease in revenue for charges for services.
 The Disposal fund net position increased by $39,420 which is mostly attributable to charges for services in excess of related operating expenses.
 The Ambulance/Fire fund net position decreased by $336,145 which is mostly attributable to operating expenses in excess of related charges for services.

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 $7.8 million excluding transfers in and out. In comparison, actual expenditure excluding transfers totaled $9.4 million. The variance in expenditure was $1.6 million, which was largely due to an increase in capital outlay and debt service. Total revenues were budgeted at $8.6 million; actual revenues in the General Fund were $8.8 with a variance of $0.2 million, which is due to the increase in use of money and property, and other charges for services.

Other Major Funds
Revenue in the Measure E Fund came to $2,844,361. 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 $1,128,337. 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, 2025, amounts to $46,664,852 (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 and vehicles 1,715,522 $
Infrastructure 4,894,865
Construction in progress (CIP) 1,657,660
 Building and improvements – Senior kitchen remodel $162,107, pool improvements $95,694  Vechicles - new fire truck $855,253 and 4 new vehicles $296,749  Infrastructure – city wide park improvements $2,500,389  Construction in progress (CIP) -solar project $1,657,660 Capital Assets
(Net of Accumulated Depreciation and Amortization)
2025 2024 2025 2024 2025 2024
Land 583,614 $ 583,614 $ 83,216 $ 83,216 $ 666,830 $ 666,830 $ Buildings and improvements 2,367,437 2,396,853 9,182,765 9,420,420 11,550,202 11,817,273 Machinery and equipment 2,820,785 2,180,644 1,164,253 1,158,533 3,985,038 3,339,177 SBITA - Right to use asset 22,074 47,091 16,025 22,893 38,099 69,984 Construction in progress 2,801,145 1,907,228 - 240,333 2,801,145 2,147,561 Infrastructure 27,623,538 23,500,394 - - 27,623,538 23,500,394 Total 36,218,593 $ 30,615,824 $ 10,446,259 $ 10,925,395 $ 46,664,852 $ 41,541,219 $ 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, 2025
Management’s Discussion and Analysis
14 Long-term Debt. The City’s long-term debt as of June 30, 2025 was $6,057,390 with governmental activities accounting for $4,714,000 or 78% and business-type activities accounting for $1,343,390 or 22%. 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.
2025 2024 2025 2024 2025 2024
2023 Equipment Lease Purchase Agreement Loan 3,274,000 $ 3,274,000 $ - $ - $ 3,274,000 $ 3,274,000 $ PFA 2015 Lease Revenue Refunding Bonds 1,440,000 1,580,000 - - 1,440,000 1,580,000 CIEDB Water Loan - - 1,343,390 1,457,289 1,343,390 1,457,289 Total 4,714,000 $ 4,854,000 $ 1,343,390 $ 1,457,289 $ 6,057,390 $ 6,311,289 $ Governmental Activities Business-Type Activities Total
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 20 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, 2025
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, 2025
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 17,495,007 $ 470,406 $ 17,965,413 $ Restricted cash with fiscal agent 320,762 - 320,762
Receivables (net of allowance for uncollectibles) 5,281,703 1,333,028 6,614,731 Internal balances 3,363,501 (3,363,501) -
Capital assets, not being depreciated 3,384,759 83,216 3,467,975 Capital assets, net of accumulated depreciation 10,363,043 32,833,834 43,196,877 Total assets 8,886,192 62,679,566 71,565,758

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt 33,180 - 33,180
Deferred outflows related to pensions 1,079,961 2,277,485 3,357,446 Total deferred outflows of resources 1,079,961 2,310,665 3,390,626

LIABILITIES
Accounts payable and accrued expenses 1,418,035 711,077 2,129,112 Accrued interest payable 45,564 16,680 62,244
Deposits 74,199 - 74,199
Retention 57,736 - 57,736
Unearned revenue - 64,324 64,324
Long-term liabilities:

Due within one year:

Compensated absences 382,597 157,419 540,016
SBITA - Liability 7,271 7,271 14,542
Long-term debt 196,000 117,293 313,293
Due in more than one year:

Compensated absences 432,269 156,720 588,989
SBITA - Liability 6,843 6,843 13,686
Long-term debt 4,508,030 1,226,097 5,734,127
Net pension liability 2,675,427 5,391,651 8,067,078
Total liabilities 5,139,151 12,520,195 17,659,346

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to pensions 73,700 104,902 178,602 Total deferred inflows of resources 73,700 104,902 178,602

NET POSITION
Net investment in capital assets 31,854,391 9,088,755 40,943,146 Restricted for:

Capital improvement projects 8,389,822 - 8,389,822
Streets and roads 2,783,620 - 2,783,620
Debt service 1,338,646 - 1,338,646
Public safety 465,064 - 465,064
Park improvements - -
Unrestricted (4,335,453) 7,533,591 3,198,138
Total net position $ 4,753,302 52,365,134 $ 57,118,436 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
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 3,080,288 $ 393,113 $ - $ - $ (2,687,175) $ - $ (2,687,175) $ Parks and community services 822,916 180,944 70,244 1,326,753 755,025 - 755,025 Public safety 6,804,983 88,580 402,092 - (6,314,311) - (6,314,311) Public works 647,963 4,073 - - (643,890) - (643,890)
Highway and streets 1,704,039 - 1,971,650 780,889 1,048,500 - 1,048,500 Planning and community development 1,577,527 796,243 20,000 377,165 1,178,449 - 1,178,449 Total governmental activities 2,244,237 13,856,432 2,463,986 2,484,807 (6,663,402) - (6,663,402) Business-type activities:

Water 3,622,311 2,556,006 - - - (1,066,305) (1,066,305) Disposal 3,423,581 3,431,039 31,962 - - 39,420 39,420
Ambulance/Fire 2,582,240 5,386,794 2,285,561 - - (518,993) (518,993) Total business-type activities 8,569,285 12,432,686 2,317,523 - - (1,545,878) (1,545,878) Total primary government $ 10,813,522 26,289,118 $ 4,781,509 $ 2,484,807 $ (6,663,402) (1,545,878) (8,209,280) General revenues and transfers:

Property taxes 2,542,408 - 2,542,408
Sales and use taxes 4,337,433 - 4,337,433
Franchise taxes 640,181 - 640,181
Transient occupancy taxes 385,571 - 385,571
Motor vehicle in-lieu 1,587,749 - 1,587,749
Investment earnings 787,760 28,125 815,885
Miscellaneous 307,219 - 307,219
Gain on sale of assets 1,750 - 1,750
Capital Contributions 855,253 (855,253) -
Transfers 1,054,609 (1,054,609) -
Total general revenues and transfers 227,481 10,390,715 10,618,196 Change in net position (1,318,397) 3,727,313 2,408,916
Net position - beginning, as previously reported 48,471,696 6,603,580 55,075,276 Error correction (see footnote 14) (531,881) 166,125 (365,756) Net position - beginning, restated 6,071,699 48,637,821 54,709,520 Net position - ending $ 4,753,302 52,365,134 $ 57,118,436 $ 20 FUND FINANCIAL STATEMENTS
CITY OF KINGSBURG | JUNE 30, 2025
Governmental Funds
Balance Sheet
The Notes to the Basic Financial Statements are an integral part of this statement. 21 Special Revenue
Fund
Capital
Projects Funds
General Measure E Capital Facilities Street Projects
Nonmajor
Governmental
Funds
Total
Governmental
Funds
ASSETS
Cash and investments 6,230,209 $ - $ 6,133,901 $ - $ 5,130,897 $ 17,495,007 $ Restricted cash with fiscal agent 320,762 - - - - 320,762 Receivables 3,037,570 543,314 14,934 12,276 1,673,609 5,281,703 Due from other funds 3,300,156 - - - - 3,300,156
Advances to other funds - - - - 1,440,000 1,440,000
Total assets $ 543,314 12,888,697 $ 6,148,835 $ 12,276 $ 8,244,506 $ 27,837,628 $

LIABILITIES
Accounts payable and accrued expenses 423,837 $ 184,289 $ 685,087 $ 7,800 $ 117,022 $ 1,418,035 $ Due to other funds - 33,603 - 246,864 1,096,188 1,376,655 Retention payable - - - - 57,736 57,736
Deposits - 73,590 - - 609 74,199
Total liabilities 217,892 497,427 685,087 254,664 1,271,555 2,926,625

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - 22,765 - - - 22,765
Total deferred inflows of resources - 22,765 - - - 22,765

FUND BALANCES
Nonspendable:

Long term receivable 2,029,788 - - - - 2,029,788
Restricted for:

Capital improvements 320,762 - 5,463,748 - 2,926,074 8,710,584 Streets and roads - - - - 2,783,620 2,783,620
Debt service - - - - 1,338,646 1,338,646
Public safety - 325,422 - 139,642 465,064
Committed to:

Pension reserve 1,319,019 - - - - 1,319,019
Economic development - - - - 232,906 232,906
Equipment reserve 434,140 - - - - 434,140
Unassigned - 8,264,796 - (242,388) (447,937) 7,574,471
Total fund balances (deficits) 325,422 12,368,505 5,463,748 (242,388) 6,972,951 24,888,238 Total liabilities and fund balances (deficits) $ 543,314 12,888,697 $ 6,148,835 $ 12,276 $ 8,244,506 $ 27,837,628 $ CITY OF KINGSBURG | JUNE 30, 2025
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 24,888,238 $
Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the governmental funds. 36,218,593 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. 33,180
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 (1,430,030)
Loans (3,274,000)
Subscription based information technology arrangements (SBITA) (14,114) Compensated absences (814,866)
Net pension liability (5,391,651) (10,924,661)
Pension related deferrals are reported as deferred outflows and inflows of resources on the statement of net position. 2,172,583
Other long-term assets are not available to pay for current period expenditures and, therefore, are reported as unavailable revenue in the funds. 22,765
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. (45,564) Net position of governmental activities $ 52,365,134
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
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
Fund
Capital
Projects Funds
General Measure E Capital Facilities Street Projects
Nonmajor
Governmental
Funds
Total
Governmental
Funds

REVENUES
Taxes 5,014,248 $ 2,677,079 $ - $ - $ 146,913 $ 7,838,240 $ Licenses and permits 782,558 - - - - 782,558
Intergovernmental 1,613,920 - - 369,414 4,944,256 6,927,590 Charges for services 463,004 - - - - 463,004
Fines and forfeitures 18,693 - - - - 18,693
Development fees 342,656 - 521,811 - 120,743 985,210
Use of money and property 458,414 5,609 236,553 559 249,142 950,277 Other revenues 161,673 129,677 - - 15,869 307,219
Total revenues 2,844,361 8,823,170 758,364 369,973 5,476,923 18,272,791

EXPENDITURES
Current:

General government 2,327,939 - - - - 2,327,939
Parks and community services 488,473 - - - 359,797 848,270 Public safety 3,264,860 2,760,265 - - 520,283 6,545,408 Public works 602,899 - - - - 602,899
Highway and streets - - - - 885,909 885,909
Planning and community
development - 648,112 - - 446,015 1,094,127
Capital outlay 1,921,297 181,299 1,259,386 355,063 2,455,311 6,172,356 Debt service:

Principal 25,264 - - - 140,000 165,264
Interest and fiscal charges - 158,631 - - 50,948 209,579 Total expenditures 2,941,564 9,437,475 1,259,386 355,063 4,858,263 18,851,751 Excess (deficiency) of revenues over
(under) expenditures (97,203) (614,305) (501,022) 14,910 618,660 (578,960)

OTHER FINANCING SOURCES/(USES)
Transfers in 84,700 252,825 - - 151,000 488,525
Transfers out (251,000) (1,137,136) - - (155,000) (1,543,136) Total other financing sources (uses) 1,825 (1,052,436) - - (4,000) (1,054,611) Net change in fund balances (95,378) (1,666,741) (501,022) 14,910 614,660 (1,633,571) Fund balances - beginning, as previously reported 14,035,246 420,800 5,964,770 (257,298) 6,192,166 26,355,684 Error correction (see footnote 14) - - - - 166,125 166,125 Fund balances - beginning, restated 420,800 14,035,246 5,964,770 (257,298) 6,358,291 26,521,809 Fund balances - ending $ 325,422 12,368,505 $ 5,463,748 $ (242,388) $ 6,972,951 $ 24,888,238 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
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 (1,633,571) $ 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 7,198,057
Depreciation and amortization expense (1,508,731)
The net effect of various miscellaneous transactions involving capital assets (i.e., sales and donations) is to increase net position. (86,558)
Changes in unavailable revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in governmental funds. (311,715) 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. (81,104)
In the Statement of Activities, interest is accrued on long-term debt; whereas, in governmental funds, interest expenditure is recorded when paid. 1,459 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. (8,063) 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 165,267
Amortization of bond discounts (7,728)
Change in net position of governmental activities $ 3,727,313 CITY OF KINGSBURG | JUNE 30, 2025
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 470,406 $ - $ - $ 470,406 $
Receivables (net of allowance for uncollectibles) 299,373 215,762 817,893 1,333,028 Total current assets 299,373 686,168 817,893 1,803,434
Noncurrent assets:

Capital assets, net of accumulated depreciation 15,801 7,174,148 3,256,310 10,446,259 Total noncurrent assets 15,801 7,174,148 3,256,310 10,446,259 Total assets 315,174 7,860,316 4,074,203 12,249,693

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to pensions 338,268 615,422 126,271 1,079,961 Total deferred outflows of resources 126,271 338,268 615,422 1,079,961

LIABILITIES
Current liabilities:

Accounts payable and accrued expenses 82,748 223,190 405,139 711,077 Accrued interest payable 16,680 - - 16,680
Due to other funds - 120,680 1,802,821 1,923,501
Unearned revenues - 64,324 - 64,324
Compensated absences - current 45,587 23,880 87,952 157,419 SBITA - liability - current 7,271 - - 7,271
Long-term debt - current - 117,293 - 117,293
Total current liabilities 432,074 269,579 2,295,912 2,997,565 Noncurrent liabilities:

Advances from other funds - - 1,440,000 1,440,000
Compensated absences 25,465 7,978 123,277 156,720
SBITA - liability 6,843 - - 6,843
Long-term debt 1,226,097 - - 1,226,097
Net pension liability 359,015 961,292 1,355,120 2,675,427 Total noncurrent liabilities 366,993 2,219,697 2,918,397 5,505,087 Total liabilities 799,067 2,489,276 5,214,309 8,502,652

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to pensions 13,166 35,526 25,008 73,700 Total deferred inflows of resources 13,166 35,526 25,008 73,700

NET POSITION
Net investment in capital assets 5,816,644 15,801 3,256,310 9,088,755 Unrestricted (386,589) (142,862) (3,806,002) (4,335,453) Total net position (deficit) $ (370,788) 5,673,782 $ (549,692) $ 4,753,302 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Proprietary Funds
Statement of Revenues, Expenses and Changes in 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 $ 3,431,039 2,556,006 $ 2,250,392 $ 8,237,437 $ Total operating revenue 3,431,039 2,556,006 2,250,392 8,237,437 OPERATING EXPENSES:

Contractual services and utilities 1,799,949 3,016,219 1,614,845 6,431,013 Personnel services 1,035,805 364,177 3,034,335 4,434,317 Supplies and materials 64,076 40,924 160,179 265,179
Depreciation and amortization 2,261 676,508 196,949 875,718 Total operating expenses 3,423,581 3,576,338 5,006,308 12,006,227 Operating income (loss) 7,458 (1,020,332) (2,755,916) (3,768,790) NONOPERATING REVENUES (EXPENSES):

Interest income 28,125 - - 28,125
Grants - 31,962 2,285,561 2,317,523
Gain (loss) on disposal of assets - - - -
Interest and fiscal charges - (45,973) (48,638) (94,611) Total nonoperating revenues (expenses) 31,962 (17,848) 2,236,923 2,251,037 Net income (loss) before transfers 39,420 (1,038,180) (518,993) (1,517,753) Capital contributions out - - (855,253) (855,253)
Transfers in 16,508 - 1,130,101 1,146,609
Transfers out - - (92,000) (92,000)
Change in net position 39,420 (1,021,672) (336,145) (1,318,397) Net position (deficits), beginning (410,208) 6,695,454 318,334 6,603,580 Error correction (see footnote 14) - - (531,881) (531,881) Net position (deficit) - beginning restated (410,208) 6,695,454 (213,547) 6,071,699 Net position (deficit) - ending $ (370,788) 5,673,782 $ (549,692) $ 4,753,302 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
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 2,516,137 $ 3,395,771 $ 2,609,277 $ 8,521,185 $ Payments to suppliers for goods and services (2,166,899) (3,041,828) (1,488,759) (6,697,486) Payments to or on behalf of employees for services (333,978) (948,509) (2,849,192) (4,131,679) Net cash provided by (used for) operating activities 19,965 (599,271) (1,728,674) (2,307,980) Cash flows from noncapital financing activities:

Transfers to other funds - - (92,000) (92,000)
Transfers from other funds 16,508 - 1,130,101 1,146,609 Interfund loan activity - (1,903) (274,509) (276,412)
Noncapital grant revenue - - 2,285,561 2,285,561
Net cash provided by (used for) noncapital
financing activities (1,903) 16,508 3,049,153 3,063,758 Cash flows from capital and related financing activities:

Capital Contributions - - (855,253) (855,253)
Acquisition of capital assets (101,933) (18,062) (276,587) (396,582) Principal paid on long-term debt (120,339) - - (120,339) Interfund loan repayment - - (140,000) (140,000)
Interest and fiscal charges - (47,388) (48,639) (96,027) Net cash provided by (used for) capital and related
financing activities (18,062) (269,660) (1,320,479) (1,608,201) Cash flows from investing activities:

Interest on investments - 28,125 - 28,125
Net cash provided by investing activities - 28,125 - 28,125 Net increase (decrease) in cash and cash equivalents (824,298) - - (824,298) Cash and cash equivalents - beginning - 1,294,704 - 1,294,704 Cash and cash equivalents - ending $ - 470,406 $ - $ 470,406 $ Business-Type Activities — Enterprise Funds
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
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) (1,020,332) $ 7,458 $ (2,755,916) $ (3,768,790) $ Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:

Depreciation and amortization 676,508 2,261 196,949 875,718 (Increase) decrease in:

Accounts receivable, net (39,870) (35,268) 358,885 283,747 Deferred outflows of resources from pensions 62,919 24,212 16,566 103,697 Increase (decrease) in:

Accounts payable and accrued expenses (302,873) 15,315 286,265 (1,293) Compensated absences 4,921 564 32,183 37,668
Net pension liability 50,958 17,157 158,563 226,678
Deferred inflows of resources from pension (11,734) (31,502) (22,169) (65,405) Net cash provided by (used for) operating activities $ (599,271) 19,965 $ (1,728,674) $ (2,307,980) $ Business-Type Activities
CITY OF KINGSBURG | JUNE 30, 2025
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, 2025
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 -
Total deductions -
Net increase (decrease) in fiduciary net position -
Net position - beginning, as previously reported 55,378 Net position - ending $ 55,378
31 NOTES TO THE BASIC FINANCIAL STATEMENTS
CITY OF KINGSBURG | JUNE 30, 2025
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, 2025
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, 2025
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, 2025
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, 2025
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, 2025
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 $10,000 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, 2025
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, 2025
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 governmentwide 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.

There were no such items during the fiscal year.

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.

There were no such items during the fiscal year.

CITY OF KINGSBURG | JUNE 30, 2025
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% of up to 400 hours for at least 10 years of service and 75% of up to 400 hours 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, 2025
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, 2025 is $451,990 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, 2025
Notes to the Basic Financial Statements
42 NOTE 2 – STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
A. Deficit Fund Balance
The following is a summary of deficit fund balances and net position as of June 30, 2025:

Governmental Funds
Major Funds:

Street Projects $ 242,388
Nonmajor Special Revenue Funds:

Senior Center 313,007
Park Improvements 14,405
School Resource Officer 120,525
Enterprise Funds
Major Funds:

Disposal Fund 370,788
Ambulance/Fire Fund 549,692
The deficit fund balance in the Street Projects, Senior Center, Park Improvements, School Resource Officer, Disposal and Ambulance/Fire 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, 2025 are classified in the accompanying financial statements as follows:

Statement of net position:

Cash and investments - unrestricted 17,965,413 $
Cash with fiscal agents - restricted 320,762
Fiduciary funds:

Cash and investments 67,128
Total cash and investments $ 18,353,303
CITY OF KINGSBURG | JUNE 30, 2025
Notes to the Basic Financial Statements
43 NOTE 3 – CASH AND INVESTMENTS (Continued)
Cash and investments as of June 30, 2025 consist of the following:

Cash on hand $ 1,050
Deposits with financial institutions 589,075
Investments:

Local Agency Investment Fund 4,494,892
CalClass 13,268,286
Total investments: 17,763,178
Total cash and investments $ 18,353,303
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, 2025
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 4,494,892 $ 4,494,892 $ - $ - $ - $ CalClass 13,268,286 13,268,286 - - -
Total $ 17,763,178 17,763,178 $ $ - - $ - $
Remaining Maturity (in Months)
CITY OF KINGSBURG | JUNE 30, 2025
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.

Investment Type Total AAAm Not Rated
Local Agency Investment Fund 4,494,892 $ - $ 4,494,892 $ CalClass 13,268,286 13,268,286 -
Total $ 13,268,286 17,763,178 $ 4,494,892 $
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, 2025, 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, 2025, the carrying amount of the City’s deposits was $589,074. Bank balances before reconciling items were $224,512 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, 2025
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, 2025
Notes to the Basic Financial Statements
47 NOTE 4 – RECEIVABLES
Receivables as of June 30, 2025 consisted of the following for the governmental funds:

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

Taxes - $ - $ - $ - $ 45 $ 45 $
Intergovernmental 652,454 543,314 14,934 12,276 1,673,564 2,896,542 Notes 2,029,788 - - - - 2,029,788
Interest - 355,328 - - - 355,328
Receivables $ 3,037,570 543,314 $ 14,934 $ 12,276 $ 1,673,609 $ 5,281,703 $ 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, 2025 consisted of the following for the proprietary funds:

Water Disposal Ambulance/Fire
Total
Proprietary
Funds
Receivables:

Accounts $ 356,108 263,837 $ 1,190,559.00 1,810,504 $
Less: Allowance for doubtful accounts (48,075) (56,735) (372,666) (477,476) Receivables, net $ 299,373 215,762 $ 817,893 $ 1,333,028 $ CITY OF KINGSBURG | JUNE 30, 2025
Notes to the Basic Financial Statements
48 NOTE 5 – INTERFUND ACTIVITIES
A. Due From/To Other Funds
Due from/to other funds balances as of June 30, 2025 are as follows:

Due From Due To
Governmental Funds
Major Funds:

General Fund 3,300,156 $ - $
Street Projects Capital Projects Fund - 246,864
Nonmajor Funds:

Kingsburg Public Finance Authority Debt Service Fund - 101,354 ACT Task Force Special Revenue Fund - 26,002
Senior Center Special Revenue Fund - 444,293
Park Improvements - 293,762
School Resource Officer Special Revenue Fund 196,053 -
Measure C - 34,724
Measure E - 33,603
Enterprise Funds
Major Funds:

Disposal Fund - 120,680
Ambulance/Fire Fund 1,802,821 -
Total $ 3,300,156 3,300,156 $
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, 2025
Notes to the Basic Financial Statements
49 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, 2025 are as follows:

Advances From Advances To
Governmental Funds
Nonmajor Fund:

Kingsburg Joint Powers Authority Debt Service Fund $ - 1,440,000 $ Enterprise Funds
Major Funds:

Ambulance/Fire Enterprise Fund 1,440,000 -
Total $ 1,440,000 1,440,000 $
C. Interfund Transfers
Interfund transfers are generally used to (1) move revenues from the fund that statute, budget, or grant guidelines require to collect them to the fund that is authorized to expend them, (2) provide operating or capital subsidies to other funds, and (3) reimburse funds for costs incurred on behalf of other funds. Transfers are reported as other financing sources (uses) in governmental funds and as transfers in (out) in proprietary funds. All significant interfund transfers for the year ended June 30, 2025 are summarized below:

The composition of interfund transfers for the year ended June 30, 2025 is as follows:

Transfer In Transfer Out
Governmental Funds
Major Funds:

General Fund 84,702 $ 1,137,136 $
Measure E Special Revenue Fund 252,825 251,000
Nonmajor Fund:

School Resource Officer Special Revenue Fund 51,000 -
Senior Center Special Revenue Fund 100,000 -
COPS Grant Special Revenue Fund 155,000 -
Enterprise Funds
Major Funds:

Water Enterprise Fund - 16,508
Ambulance/Fire Enterprise Fund 1,130,101 92,000
Total $ 1,635,136 1,635,136 $
CITY OF KINGSBURG | JUNE 30, 2025
Notes to the Basic Financial Statements
50 NOTE 6 – CAPITAL ASSETS
Capital assets activity of the governmental activities for the year ended June 30, 2025 is as follows:

Balances Balances
July 1, 2024 Additions Deletions June 30, 2025
Governmental Activities:

Capital assets not being depreciated:

Land 583,614 $ - $ - $ 583,614 $
Construction in progress 1,657,660 1,907,228 (763,743) 2,801,145 Total capital assets, not being depreciated 1,657,660 2,490,842 (763,743) 3,384,759 Capital assets, being depreciated:

Buildings and improvements 5,958,712 162,630 - 6,121,342 Infrastructure 29,682,623 4,894,865 - 34,577,488
Machinery and equipment 5,556,479 1,246,645 (332,377) 6,470,747 SBITA - Right to use asset - 87,274 - 87,274
Total capital assets, being depreciated 41,285,088 6,304,140 (332,377) 47,256,851 Less accumulated depreciation for:

Buildings and improvements (3,561,859) (192,046) - (3,753,905) Infrastructure (6,182,229) (771,721) - (6,953,950)
Machinery and equipment (3,375,835) (522,733) 248,606 (3,649,962) SBITA - Right to use asset (40,183) (25,017) - (65,200) Total accumulated depreciation (1,511,517) (13,160,106) 248,606 (14,423,017) Total capital assets being depreciated, net 28,124,982 4,792,623 (83,771) 32,833,834 Governmental activities capital assets, net $ 6,450,283 30,615,824 $ (847,514) $ 36,218,593 $ Depreciation expense is charged to governmental functions as follows:

Governmental activities:

General government 58,024 $
Parks and community services 124,746
Highways and streets 801,822
Public safety 526,925
Total $ 1,511,517
CITY OF KINGSBURG | JUNE 30, 2025
Notes to the Basic Financial Statements
51 NOTE 6 – CAPITAL ASSETS (Continued)
Capital assets activity of the business-type activities for the year ended June 30, 2025 is as follows:

Balances Balances
July 1, 2024 Additions Deletions June 30, 2025
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 - 323,549 (240,333) 83,216 Capital assets, being depreciated:

Buildings, improvements and plants 15,749,969 306,247 16,056,216 Machinery and equipment 3,910,006 335,106 - 4,245,112
SBITA - Right to use asset - 34,340 - 34,340
Total capital assets, being depreciated 19,694,315 641,353 - 20,335,668 Less accumulated depreciation for:

Buildings, improvements and plants (6,329,549) (543,902) - (6,873,451) Machinery and equipment (2,751,473) (329,386) - (3,080,859) SBITA - Right to use asset (11,447) (6,868) - (18,315)
Total accumulated depreciation (880,156) (9,092,469) - (9,972,625) Total capital assets being depreciated, net 10,601,846 (238,803) - 10,363,043 Business-type activities capital assets, net $ (238,803) 10,925,395 $ (240,333) $ 10,446,259 $ Depreciation expense is charged to business-type functions as follows:

Business-type activities:

Water $ 676,509
Disposal 2,261
Ambulance/Fire 201,386
Total $ 880,156
CITY OF KINGSBURG | JUNE 30, 2025
Notes to the Basic Financial Statements
52 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. 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 $46,884. 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 liability was fully paid during the reporting period.

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, 2025, the value of the SBITA liability was $28,228. 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 $36,630. 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, 2025, are as follows:

Governmental Activities Business-Type Activities
Fiscal Years Ending
June 30, Principal Interest Total Principal Interest Total 2026 7,271 $ 1,764 $ 9,035 $ 7,271 $ 2,026 $ 9,297 $
2027 6,843 908 7,751 6,843 2,027 8,870
Total 14,114 $ 2,672 $ 16,786 $ 14,114 $ 4,053 $ 18,167 $ SBITA
CITY OF KINGSBURG | JUNE 30, 2025
Notes to the Basic Financial Statements
53 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, 2024 Additions Deletions June 30, 2025 One Year Governmental Activities Long-Term Debt:

Direct Placement:
2023 Equipment Lease Purchase Agreement Loan $ 3,274,000 - $ - $ 3,274,000 $ 56,000 $ Total Direct Placements: 3,274,000 - - 3,274,000 56,000 Direct Borrowings:

Bonds Payable:

PFA 2015 Lease Revenue Refunding Bonds 1,580,000 $ - $ (140,000) $ 1,440,000 $ 140,000 $ Unamortized bond discounts (10,980) - 1,010 (9,970) -
Total Direct Borrowings: 1,569,020 - (138,990) 1,430,030 140,000 Other Long-term obligations:

Compensated absences* 733,762 81,104 814,866 382,597
SBITA payable - 39,377 (25,265) 14,112 7,271
Total other long-term obligations: 81,104 773,139 (25,265) 828,978 389,868 Total governmental activities debt 5,616,159 81,104 (164,255) 5,533,008 585,868 Business-Type Activities Long-Term Debt:

Direct Borrowings:

CIEDB water loan 1,457,289 - (113,899) 1,343,390 117,293 Other Long-term obligations:

Compensated absences* 276,471 37,668 - 314,139 157,419
SBITA payable - 20,554 (6,440) 14,114 7,271
Total other long-term obligations: 37,668 297,025 (6,440) 328,253 164,690 Total business-type activities debt 1,754,314 37,668 (120,339) 1,671,643 281,983 Total long-term debt $ 7,370,473 118,772 $ (284,594) $ 7,204,651 $ 867,851 $ *The compensated absence activity shown in the table above is presented on a net change basis, as permitted by GASB Statement No. 101
CITY OF KINGSBURG | JUNE 30, 2025
Notes to the Basic Financial Statements
54 NOTE 8 – LONG-TERM DEBT (Continued)
Long-term debt at June 30, 2025 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 June 30, Principal Interest Total
2026 140,000 $ 43,038 $ 183,038 $
2027 150,000 38,538 188,538
2028 150,000 34,038 184,038
2029 150,000 29,350 179,350
2030 160,000 24,150 184,150
2031-2035 37,100 690,000 727,100
Subtotal 206,214 1,440,000 1,646,214
Unamortized Bonds Discount - (9,970) (9,970)
Total $ 206,214 1,430,030 $ 1,636,244 $
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, 2025
Notes to the Basic Financial Statements
55 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 June 30, Principal Interest Total
2026 56,000 $ 154,834 $ 210,834 $
2027 149,373 116,000 265,373
2028 122,000 143,625 265,625
2029 128,000 137,591 265,591
2030 134,000 131,270 265,270
2031-2035 773,000 550,530 1,323,530
2036-2040 979,000 340,053 1,319,053
2041-2044 83,499 966,000 1,049,499
Total $ 1,690,775 3,274,000 $ 4,964,775 $
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 June 30, Principal Interest Total
2026 117,293 $ 38,285 $ 155,578 $
2027 120,788 34,738 155,526
2028 124,387 31,085 155,472
2029 128,094 27,323 155,417
2030 131,911 23,449 155,360
2031-2035 54,970 720,917 775,887
Total 1,343,390 $ 209,850 $ 1,553,240 $
CITY OF KINGSBURG | JUNE 30, 2025
Notes to the Basic Financial Statements
56 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, 2025
Notes to the Basic Financial Statements
57 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, 2025 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 11.880% 7.870%
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 23.000% 13.760%
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 23.000% 13.760%
CITY OF KINGSBURG | JUNE 30, 2025
Notes to the Basic Financial Statements
58 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 $742,412 for the fiscal year ended June 30, 2025.

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, 2025 were $1,376,425.

B. Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions As of June 30, 2025, the City reported a net pension liability for its proportionate share of the net pension liability of the Plan of $8,067,078.

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, 2025, 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, 2023, rolled forward to June 30, 2025, 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, 2024 and 2025 was as follows:

Proportion - June 30, 2023 0.0666%
Proportion - June 30, 2024 0.0665%
Change - Increase (Decrease) -0.0001%
For the year ended June 30, 2025, the City recognized pension expense of $1,873,423. At June 30, 2025, 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 1,600,391 $ - $ Changes in assumptions 201,883 -
Differences between actual and expected experience 672,595 23,521 Net differences between project and actual earnings on
plan investments - 417,053
Change in employer's proportion 138,113 20,163
Differences between the employer's actual contributions and the employer's proportionate share of contributions 16,968 445,360 Total 3,357,445 $ 178,602 $
CITY OF KINGSBURG | JUNE 30, 2025
Notes to the Basic Financial Statements
59 NOTE 10 – PENSION PLAN (Continued)
B. Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions (Continued) $1,600,391 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, 2026. 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,
2026 588,293 $
2027 1,074,686
2028 58,254
2029 (142,781)
2030 -
Thereafter -
C. Actuarial Assumptions
The total pension liabilities in the June 30, 2023 actuarial valuations were determined using the following actuarial assumptions:

Valuation Date June 30, 2023
Measurement Date June 30, 2024
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%
Mortality
Derived using CalPERS'
Membership Data for all Funds(1)
Depending on age, service and type of employment
(1) 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, 2025
Notes to the Basic Financial Statements
60 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, 2025
Notes to the Basic Financial Statements
61 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%
$13,182,268 $8,067,078 $3,873,333
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, 2025.

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, 2025
Notes to the Basic Financial Statements
62 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 (most recent information available), 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, 2025
Notes to the Basic Financial Statements
63 NOTE 14 – RESTATEMENT
During the year ended June 30, 2025, the City identified and corrected prior period misstatements in the opening fund balance and net position of the governmental activities, various non-major 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 Governmental Government Enterprise
Wide Funds Wide Funds
Nonmajor
Governmental Governmental Business-Type
Activities Funds Activities Ambulance/Fire
Fund balance/net position, June 30, 2024, as previously reported $ 6,192,166 48,471,696 $ 6,603,580 $ 318,334 $ Error correction:

Understatement of accounts receivable 166,125 166,125 - - Overstatement of accounts receivable - - (1,211,907) (1,211,907) Overstatement of allowance for doubtful accounts - - 680,026 680,026 Total error correction 166,125 166,125 (531,881) (531,881) Fund balance/net position, July 1, 2024, as restated $ 6,358,291 48,637,821 $ 6,071,699 $ (213,547) $ 64 REQUIRED SUPPLEMENTARY INFORMATION
65 BUDGETARY COMPARISON SCHEDULES
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
General Fund
The Notes to the Supplementary Information is an integral part of this statement. 66 Variance with
Original Final Actual Final Budget

REVENUES
Taxes $ 4,980,770 4,651,208 $ 5,014,248 $ 33,478 $
Licenses and permits 813,523 537,148 782,558 (30,965)
Intergovernmental 1,641,688 1,542,971 1,613,920 (27,768) Charges for services 423,476 234,230 463,004 39,528
Fines and penalties 5,000 5,000 18,693 13,693
Development fees 339,894 94,750 342,656 2,762
Use of money and property 96,338 334,431 458,414 123,983 Other revenue 80,006 56,880 129,677 49,671
Total revenues 8,618,788 7,218,525 8,823,170 204,382

EXPENDITURES
Current:

General government:

City council 33,657 44,457 44,833 (376)
City attorney 95,000 95,000 98,011 (3,011)
Non-departmental 959,669 1,150,371 1,069,454 80,917
City manager 310,265 332,064 334,365 (2,301)
City clerk 193,378 193,378 200,492 (7,114)
Finance 296,434 312,268 341,909 (29,641)
Human resources/management assistant 239,832 239,832 238,875 957 Total general government 2,367,370 2,128,235 2,327,939 39,431 Parks and community services:

Community services 195,778 195,778 213,781 (18,003)
Pool 261,321 238,024 274,692 (13,371)
Total parks and community services 457,099 433,802 488,473 (31,374) Public safety 3,366,358 3,301,535 3,264,860 101,498
Total public safety 3,366,358 3,301,535 3,264,860 101,498 Public works:

Public works - administration 86,714 86,714 89,411 (2,697) Landscape maintenance 291,110 291,110 258,688 32,422
Facility maintenance 85,138 85,138 91,169 (6,031)
Vehicle maintenance 157,963 157,963 163,631 (5,668)
Total public works 620,925 620,925 602,899 18,026
Planning and community development 632,583 632,583 648,112 (15,529) Capital outlay 320,023 246,000 1,921,297 (1,601,274)
Debt service:

Principal - - 25,264 (25,264)
Interest and fiscal charges - - 158,631 (158,631)
Total debt service - - 183,895 (183,895)
Total expenditures 7,363,080 7,764,358 9,437,475 (1,673,117) Excess (deficiency) of revenues over
(under) expenditures 854,430 (144,555) (614,305) (1,468,735)

OTHER FINANCING SOURCES (USES)
Transfers in 680,418 521,072 84,700 (436,372)
Transfers out (1,301,825) (1,172,576) (1,137,136) 164,689 Total other financing sources (uses) (780,753) (492,158) (1,052,436) (271,683) Change in fund balance $ 73,677 (636,713) $ (1,666,741) $ (1,740,418) Fund balances - beginning 14,035,246
Fund balance - ending $ 12,368,505
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
Measure E Fund
The Notes to the Supplementary Information is an integral part of this statement. 67 Budgeted Amounts
Variance with
Original Final Actual Final Budget

REVENUES
Taxes 2,697,000 $ 2,697,000 $ 2,677,079 $ (19,921) $
Use of money and property 30,000 5,589 5,609 20
Other revenues 253,672 - 161,673 (91,999)
Total revenues 2,956,261 2,727,000 2,844,361 (111,900)

EXPENDITURES
Current:

Public safety 2,768,199 2,998,496 2,760,265 238,231
Capital outlay 378,530 268,000 181,299 197,231
Total expenditures 3,377,026 3,036,199 2,941,564 435,462 Excess (deficiency) of revenues over
(under) expenditures (420,765) (309,199) (97,203) 323,562

OTHER FINANCING SOURCES/(USES)
Transfers in 160,824 160,824 252,825 92,001
Transfers out (51,000) (51,000) (251,000) (200,000)
Total other financing sources (uses) 109,824 109,824 1,825 (107,999) Net change in fund balances $ (310,941) (199,375) $ (95,378) $ 215,563 Fund balance - beginning 420,800
Fund balance - ending $ 325,422
68 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 69 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Proportion of the net pension liability 0.0811% 0.0756% 0.0743% 0.0753% 0.0752% 0.0677% 0.0761% 0.0664% 0.0666% 0.0665%Proportionate share of the net pension liability $5,568,697 $6,544,355 $7,365,797 $7,256,087 $7,706,149 $7,363,577 $4,113,815 $7,672,923 $8,309,483 $8,067,078Covered 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 $5,872,109Proportionate share of the net pension liability as percentage of covered payroll 202.73% 231.82% 245.77% 228.54% 229.46% 194.55% 102.67% 161.05% 148.54% 137.38%Plan fiduciary net position as a percentage of the total pension liability 80.20% 75.41% 73.93% 75.45% 74.98% 77.03% 88.75% 78.17% 77.90% 79.52%NOTES TO THE SCHEDULEChanges in Benefit Terms - None Changes of Assumptions - None
CITY OF KINGSBURG | LAST TEN YEARS
Pension Plans – Cost-Sharing Multiple-Employer Defined Benefit Plan Schedule of Contributions
70 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Actuarially required contribution (actuarially determined) $658,448 $732,726 $795,513 $886,480 $1,902,272 $1,124,362 $1,283,178 $1,337,741 $1,376,425 $1,600,391Contributions in relation to the actuarially determined contributions 732,726 658,448 795,513 886,480 1,902,272 1,124,362 2,033,178 1,337,741 1,376,425 1,600,391 Contribution deficiency (excess) $ - - $ - $ - $ - $ - $ (750,000) $ - $ - $ - $ Covered payroll $2,823,084 $2,997,055 $3,175,012 $3,358,370 $3,784,976 $4,006,934 $4,764,307 $5,594,168 $5,872,109 $6,427,585Contributions as a percentage of covered-employee payroll 23.32% 24.45% 25.06% 26.40% 50.26% 28.06% 26.93% 23.91% 23.44% 24.90% CITY OF KINGSBURG | JUNE 30, 2025
Notes to the Required Supplementary Information
71 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 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.

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, 2025:

General Fund:

General government:

City council 376 $
City attorney 3,011
City manager 2,301
City clerk 7,114
Finance 29,641
Parks and community services:

Community services 18,003
Pool 13,371
Total parks and community services 31,374
Public works:

Public works - administration 2,697
Facility maintenance 6,031
Vehicle maintenance 5,668
Capital outlay 1,601,274
Debt service:

Principal 25,264
Interest and fiscal charges 158,631
72 COMBINING AND INDIVIDUAL NONMAJOR FUND

FINANCIAL STATEMENTS AND SCHEDULES
73 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.

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.
74 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, 2025
Nonmajor Governmental Funds
Combining Balance Sheet
75 Special Revenue
Funds
Debt Service
Funds
Capital Projects
Funds
Total Nonmajor
Governmental
Funds
ASSETS
Cash and investments 2,199,587 $ 12,161 $ 2,919,149 $ 5,130,897 $ Receivables 1,666,684 - 6,925 1,673,609
Advances to other funds - 1,440,000 - 1,440,000
Total assets $ 1,452,161 3,866,271 $ 2,926,074 $ 8,244,506 $

LIABILITIES
Accounts payable and accrued expenses 117,022 $ - $ - $ 117,022 $ Due to other funds 994,834 101,354 - 1,096,188
Deposits 609 - - 609
Retention Payable - 57,736 - 57,736
Total liabilities 101,354 1,170,201 - 1,271,555

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

FUND BALANCES
Restricted:

Capital improvements - - 2,926,074 2,926,074
Streets and roads 2,771,459 12,161 - 2,783,620
Debt service - 1,338,646 - 1,338,646
Public safety 139,642 - - 139,642
Committed to:

Economic development 232,906 - - 232,906
Unassigned - (447,937) - (447,937)
Total fund balances 1,350,807 2,696,070 2,926,074 6,972,951 Total liabilities, deferred inflows of resources, and fund balances $ 1,452,161 3,866,271 $ 2,926,074 $ 8,244,506 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 76 Special Revenue
Funds
Debt Service
Funds
Capital Projects
Funds
Total Nonmajor
Governmental
Funds

REVENUES
Taxes 146,913 $ - $ - $ 146,913 $
Intergovernmental 4,775,281 - 168,975 4,944,256
Development fees - - 120,743 120,743
Use of money and property 90,770 48,638 109,734 249,142 Other revenues - 15,869 - 15,869
Total revenues 48,638 5,028,833 399,452 5,476,923

EXPENDITURES
Current:

Parks and community services 359,797 - - 359,797
Public safety 520,283 - - 520,283
Highway and streets 885,909 - - 885,909
Planning and community
development - 446,015 - 446,015
Capital outlay 2,213,611 - 241,700 2,455,311
Debt service:

Principal - 140,000 - 140,000
Interest and fiscal charges 50,948 - - 50,948
Total expenditures 190,948 4,425,615 241,700 4,858,263
Excess (deficiency) of revenues over
(under) expenditures (142,310) 603,218 157,752 618,660

OTHER FINANCING SOURCES (USES)
Transfers in 151,000 - - 151,000
Transfers out - (155,000) - (155,000)
Total other financing sources (uses) - (4,000) - (4,000) Net change in fund balances (142,310) 599,218 157,752 614,660 Fund balances - beginning, as previously reported 1,930,727 1,493,117 2,768,322 6,192,166 Error correction (see footnote 14) - 166,125 - 166,125
Fund balances - beginning, restated 1,493,117 2,096,852 2,768,322 6,358,291 Fund balances - ending $ 1,350,807 2,696,070 $ 2,926,074 $ 6,972,951 $ CITY OF KINGSBURG | JUNE 30, 2025
Nonmajor Special Revenue Funds
Combining Balance Sheet
77 Measure C
Local
Transportation Gas Tax
Senior
Center
COPS
Grant
San Joaquin
Valley Air
Grant
ASSETS
Cash and investments - $ 1,059,407 $ 771,795 $ - $ 116,122 $ 21 $ Receivables 476,705 507,658 62,488 153,342 - 307
Total assets $ 1,567,065 476,705 $ 834,283 $ 153,342 $ 116,429 $ 21 $

LIABILITIES
Accounts payable and accrued expenses 48,722 $ 11,610 $ 11,538 $ 10,724 $ - $ - $ Due to other funds 34,724 - - 444,293 - -
Retention payable - - - 10,723 - -
Deposits - - - 609 - -
Total liabilities 11,610 83,446 11,538 466,349 - -

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

FUND BALANCES
Restricted:

Streets and roads 393,259 1,555,455 822,745 - - -
Public safety - - - - 116,429 21
Committed:

Economic development - - - - - -
Unassigned - - - (313,007) - -
Total fund balances 1,555,455 393,259 822,745 (313,007) 116,429 21 Total liabilities, deferred inflows of resources, and fund balances $ 1,567,065 476,705 $ 834,283 $ 153,342 $ 116,429 $ 21 $ CITY OF KINGSBURG | JUNE 30, 2025
Nonmajor Special Revenue Funds
Combining Balance Sheet
(Continued)
78 Vehicle
Abandonment
ACT Task Force
Grant
Park
Improvements
School Resource
Officer
Forgivable Loan
Program (RTTPF) Total
ASSETS
Cash and investments 18,723 $ 613 $ - $ - $ 232,906 $ 2,199,587 $ Receivables 45 38,696 339,290 - 88,153 1,666,684
Total assets $ 39,309 18,768 $ 339,290 $ 88,153 $ 232,906 $ 3,866,271 $

LIABILITIES
Accounts payable and accrued expenses - $ 8,883 $ 12,920 $ 12,625 $ - $ 117,022 $ Due to other funds - 26,002 293,762 196,053 - 994,834
Retention payable - - 47,013 - - 57,736
Deposits - - - - - 609
Total liabilities 34,885 - 353,695 208,678 - 1,170,201

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

FUND BALANCES
Restricted:

Circulation improvements - - - - - 2,771,459
Public safety 18,768 4,424 - - - 139,642
Committed:

Economic development - - - - 232,906 232,906
Unassigned - - (14,405) (120,525) - (447,937)
Total fund balances 4,424 18,768 (14,405) (120,525) 232,906 2,696,070 Total liabilities, deferred inflows of resources, and fund balances $ 39,309 18,768 $ 339,290 $ 88,153 $ 232,906 $ 3,866,271 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 79 Measure C
Local
Transportation Gas Tax
Senior
Center
COPS
Grant
San Joaquin
Valley Air
Grant

REVENUES
Taxes - $ - $ - $ - $ - $ - $
Licenses and permits - - - - - -
Intergovernmental 975,695 897,673 717,947 216,226 194,663 - Use of money and property 16,404 42,777 24,745 - 5,938 - Other revenues - - - 15,869 - -
Total revenues 1,018,472 914,077 742,692 232,095 200,601 -

EXPENDITURES
Current:

Parks and community services - - - 359,797 - -
Public safety - - - - - -
Highway and streets 319,404 252,940 313,565 - - -
Planning and community
development - 446,015 - - - -
Capital outlay 453,183 167,867 178,906 - - -
Total expenditures 706,123 933,286 492,471 359,797 - -
Excess (deficiency) of revenues over
(under) expenditures 312,349 (19,209) 250,221 (127,702) 200,601 -

OTHER FINANCING SOURCES/(USES)
Transfers in - - - 100,000 - -
Transfers out - - - - (155,000) -
Total other financing sources (uses) - - - 100,000 (155,000) - Net change in fund balances 312,349 (19,209) 250,221 (27,702) 45,601 - Fund balances - beginning, as previously reported 412,468 1,243,106 572,524 (353,780) 70,828 21 Error correction (see footnote 14) - - - 68,475 - -
Fund balances - beginning, restated 1,243,106 412,468 572,524 (285,305) 70,828 21 Fund balances - ending $ 1,555,455 393,259 $ 822,745 $ (313,007) $ 116,429 $ 21 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Continued)
80 Vehicle
Abandonment
ACT Task Force
Grant
Park
Improvements
School Resource
Officer
Forgivable Loan
Program (RTTPF) Total

REVENUES
Taxes - $ - $ - $ - $ 146,913 $ 146,913 $
Licenses and permits - - - - - -
Intergovernmental 177,975 - 1,299,181 295,921 - 4,775,281 Use of money and property 719 187 - - - 90,770
Other revenues - - - - - 15,869
Total revenues 178,162 719 1,299,181 295,921 146,913 5,028,833

EXPENDITURES
Current:

Parks and community services - - - - - 359,797
Public safety - 204,693 - 315,590 - 520,283
Highway and streets - - - - - 885,909
Planning and community
development - - - - - 446,015
Capital outlay - - 1,113,655 - 300,000 2,213,611
Total expenditures 204,693 - 1,113,655 315,590 300,000 4,425,615 Excess (deficiency) of revenues over
(under) expenditures (26,531) 719 185,526 (19,669) (153,087) 603,218

OTHER FINANCING SOURCES/(USES)
Transfers in - - - 51,000 - 151,000
Transfers out - - - - - (155,000)
Total other financing sources (uses) - - - 51,000 - (4,000) Net change in fund balances (26,531) 719 185,526 31,331 (153,087) 599,218 Fund balances - beginning, as previously reported 18,049 30,955 (297,581) (151,856) 385,993 1,930,727 Error correction (see footnote 14) - - 97,650 - - 166,125 Fund balances - beginning, restated 30,955 18,049 (199,931) (151,856) 385,993 2,096,852 Fund balances - ending $ 4,424 18,768 $ (14,405) $ (120,525) $ 232,906 $ 2,696,070 $ CITY OF KINGSBURG | JUNE 30, 2025
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Measure C Fund
81 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental 959,000 $ 959,000 $ 897,673 $ (61,327) $ Use of money and property 8,466 8,466 16,404 7,938
Total revenues 967,466 967,466 914,077 (53,389)

EXPENDITURES
Current:

Highway and streets 358,950 358,950 319,404 39,546
Planning and community
development 436,033 436,033 446,015 (9,982)
Capital outlay 167,867 226,194 167,867 -
Total expenditures 1,021,177 962,850 933,286 29,564
Excess (deficiency) of revenues over
(under) expenditures (53,711) 4,616 (19,209) (23,825)

OTHER FINANCING SOURCES/(USES)
Transfers in - 20,000 - -
Total other financing sources (uses) - 20,000 - -
Net change in fund balances $ 4,616 (33,711) $ (19,209) $ (23,825) Fund balances - beginning 412,468
Fund balances - ending $ 393,259
Budgeted Amounts
CITY OF KINGSBURG | JUNE 30, 2025
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Local Transportation Fund 82 Budgeted Amounts
Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental 584,723 $ 975,695 $ 975,695 $ - $
Use of money and property 35,445 35,445 42,777 7,332
Total revenues 1,011,140 620,168 1,018,472 7,332

EXPENDITURES
Current:

Highway and streets 227,918 284,958 252,940 32,018
Capital outlay 462,387 587,387 453,183 9,204
Total expenditures 747,345 815,305 706,123 41,222
Excess (deficiency) of revenues over
(under) expenditures $ 263,795 (195,137) $ 312,349 $ 48,554 Fund balance - beginning 1,243,106
Fund balance - ending $ 1,555,455
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Gas Tax Fund
83 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental 695,362 $ 716,258 $ 717,947 $ 1,689 $ Use of money and property - 11,353 24,745 13,392
Other revenues - 11,353 - -
Total revenues 727,611 706,715 742,692 15,081

EXPENDITURES
Current:

Highway and streets 346,049 346,049 313,565 32,484
Capital outlay 225,000 225,000 178,906 46,094
Total expenditures 571,049 571,049 492,471 78,578
Excess (deficiency) of revenues over
(under) expenditures $ 156,562 135,666 $ 250,221 $ 93,659 Fund balances - beginning 572,524
Fund balances - ending $ 822,745
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Senior Center Fund
84 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental 55,000 $ 146,773 $ 216,226 $ 69,453 $ Other revenues 5,000 5,000 15,869 10,869
Total revenues 151,773 60,000 232,095 80,322

EXPENDITURES
Current:

Parks and community services 357,779 159,736 359,797 (2,018) Total expenditures 357,779 159,736 359,797 (2,018)
Excess (deficiency) of revenues over
(under) expenditures (99,736) (206,006) (127,702) 78,304

OTHER FINANCING SOURCES/(USES)
Transfers in 100,000 100,000 100,000 -
Net change in fund balances $ 264 (106,006) $ (27,702) $ 78,304 Fund balances (deficits) - beginning (353,780)
Error correction (see footnote 14) 68,475
Fund balances - beginning, restated (285,305)
Fund balances (deficits) - ending $ (313,007)
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – COPS Grant Fund
85 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental 155,000 $ 155,000 $ 194,663 $ 39,663 $ Use of money and property 1,921 1,921 5,938 4,017
Total revenues 156,921 156,921 200,601 43,680

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures 156,921 156,921 200,601 43,680

OTHER FINANCING SOURCES/(USES)
Transfers out (155,000) (155,000) (155,000) -
Net change in fund balances $ 1,921 1,921 $ 45,601 $ 43,680 Fund balances - beginning 70,828
Fund balances - ending $ 116,429
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – San Joaquin Valley Air Grant 86 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, 2025
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Vehicle Abandonment Fund 87 Variance with
Original Final Actual Final Budget

REVENUES
Use of money and property $ - - $ 719 $ 719 $
Total revenues - - 719 719

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures $ - - $ 719 719 $
Fund balances - beginning 18,049
Fund balances - ending $ 18,768
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – ACT Task Force Grant Fund 88 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental 187,072 $ 187,072 $ 177,975 $ (9,097) $ Use of money and property 304 304 187 (117)
Total revenues 187,376 187,376 178,162 (9,214)

EXPENDITURES
Current:

Public safety 187,072 187,072 204,693 (17,621)
Capital outlay - - - -
Total expenditures 187,072 187,072 204,693 (17,621)
Excess (deficiency) of revenues over
(under) expenditures $ 304 304 $ (26,531) $ (26,835)
Fund balances - beginning 30,955
Fund balances - ending $ 4,424
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – Park Improvements Fund
89 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental $ 1,057,541 1,200,600 $ 1,299,181 $ 241,640 $ Total revenues 1,057,541 1,200,600 1,299,181 241,640

EXPENDITURES
Capital outlay 1,113,655 1,200,600 1,113,655 -
Total expenditures 1,113,655 1,200,600 1,113,655 -
Excess (deficiency) of revenues over
(under) expenditures $ - (56,114) $ 185,526 $ 241,640
Fund balances (deficits) - beginning (297,581)
Error correction (see footnote 14) 97,650
Fund balances - beginning, restated (199,931)
Fund balances (deficits) - ending $ (14,405)
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
Nonmajor Special Revenue Fund – School Resource Officer Fund 90 Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental 280,360 $ 303,959 $ 295,921 $ (8,038) $ Transfer In 51,000 51,000 51,000 -
Total revenues 354,959 331,360 346,921 (8,038)

EXPENDITURES
Public safety 331,360 331,360 315,590 15,770
Total expenditures 331,360 331,360 315,590 15,770
Excess (deficiency) of revenues over
(under) expenditures $ - 23,599 $ 31,331 $ 7,732
Fund balances (deficits) - beginning (151,856)
Fund balances (deficits) - ending $ (120,525)
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
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 $ 146,913 $ 16,913 $
Total revenues 130,000 130,000 146,913 16,913

EXPENDITURES
Capital outlay 300,000 300,000 300,000 -
Total expenditures 300,000 300,000 300,000 -
Excess (deficiency) of revenues over
(under) expenditures $ (170,000) (170,000) $ (153,087) $ 16,913 Net change in fund balances (153,087)
Fund balances - beginning 385,993
Fund balances - ending $ 232,906
Budgeted Amounts
CITY OF KINGSBURG | JUNE 30, 2025
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 1,440,000 - 1,440,000
Total assets $ 1,440,000 12,161 $ 1,452,161 $

LIABILITIES
Due to other funds $ 101,354 - $ 101,354 $
Total liabilities - 101,354 101,354

FUND BALANCES
Restricted:

Streets and roads - 12,161 12,161
Debt service 1,338,646 - 1,338,646
Total fund balances 1,338,646 12,161 1,350,807
Total liabilities and fund balances $ 1,440,000 12,161 $ 1,452,161 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
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 $ - 48,638 $ 48,638 $
Total revenues - 48,638 48,638

EXPENDITURES
Debt service:

Principal 140,000 - 140,000
Interest and fiscal charges - 50,948 50,948
Total expenditures - 190,948 190,948
Excess (deficiency) of revenues over
(under) expenditures (142,310) - (142,310)
Fund balances - beginning 12,161 1,480,956 1,493,117
Fund balances - ending $ 12,161 1,338,646 $ 1,350,807 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
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 $ - - $ 48,638 $ 48,638 $
Total revenues - - 48,638 48,638

EXPENDITURES
Debt service:

Principal - - 140,000 (140,000)
Interest and fiscal charges - - 50,948 (50,948)
Total expenditures - - 190,948 (190,948)
Excess (deficiency) of revenues over
(under) expenditures $ - - $ (142,310) $ (142,310)
Fund balances - beginning 1,480,956
Fund balances - ending $ 1,338,646
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule – Assessment District Fund Nonmajor Debt Service Funds
95 Variance With
Final Budget
Positive
Original Final Actual (Negative)

REVENUES
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, 2025
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 1,836,535 $ 221,125 $ 734,349 $ 27,596 $ 99,544 $ 2,919,149 $ Receivables 4,399 530 1,930 66 - 6,925
Total assets $ 221,655 1,840,934 $ 736,279 $ 27,662 $ 99,544 $ 2,926,074 $

LIABILITIES
Total liabilities $ - - $ - $ - $ - $ - $

FUND BALANCES
Restricted:

Capital improvements 221,655 1,840,934 736,279 27,662 99,544 2,926,074 Total fund balances 221,655 1,840,934 736,279 27,662 99,544 2,926,074 Total liabilities and fund balances $ 221,655 1,840,934 $ 736,279 $ 27,662 $ 99,544 $ 2,926,074 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
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 - $ - $ 168,975 $ - $ - $ 168,975 $
Development fees 53,627 - 67,116 - - 120,743
Use of money and property 8,426 70,567 29,680 1,061 - 109,734 Total revenues 8,426 124,194 265,771 1,061 - 399,452

EXPENDITURES
Current:

Capital outlay - - 241,700 - - 241,700
Total expenditures - - 241,700 - - 241,700
Excess (deficiency) of revenues over
(under) expenditures 124,194 8,426 24,071 1,061 - 157,752 Fund balances - beginning 213,229 1,716,740 712,208 26,601 99,544 2,768,322 Fund balances - ending $ 1,840,934 221,655 $ 736,279 $ 27,662 $ 99,544 $ 2,926,074 $ CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Sewer Connection Fund 98 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Development fees 48,000 $ 48,000 $ 53,627 $ 5,627 $
Use of money and property 38,600 38,600 70,567 31,967
Total revenues 86,600 86,600 124,194 37,594

EXPENDITURES
Planning and community
development 7,500 7,500 - 7,500
Capital outlay - 54,207 - -
Total expenditures 7,500 61,707 - 7,500
Excess (deficiency) of revenues over
(under) expenditures $ 79,100 24,893 $ 124,194 $ 30,094 Fund balances - beginning 1,716,740
Fund balances - ending $ 1,840,934
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Storm Drain Fund
99 Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Development fees 10,000 $ 10,000 $ - $ (10,000) $
Use of money and property 4,976 4,976 8,426 3,450
Total revenues 14,976 14,976 8,426 (6,550)

EXPENDITURES
Capital outlay - 75,987 - -
Total expenditures - 75,987 - -
Excess (deficiency) of revenues over
(under) expenditures $ 14,976 (61,011) $ 8,426 $ (6,550) Fund balances - beginning 213,229
Fund balances - ending $ 221,655
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
Nonmajor Capital Projects Funds – Parks and Recreation Fund 100
Variance with
Final Budget
Original Final Actual Positive (Negative)

REVENUES
Intergovernmental - $ 168,975 $ 168,975 $ - $
Development fees 40,000 67,116 67,116 -
Use of money and property 15,454 15,454 29,680 14,226
Total revenues 251,545 55,454 265,771 14,226

EXPENDITURES
Current:

Capital outlay 241,700 200,000 241,700 -
Total expenditures 241,700 200,000 241,700 -
Excess (deficiency) of revenues over
(under) expenditures $ 9,845 (144,546) $ 24,071 $ 14,226 Fund balances - beginning 712,208
Fund balances - ending $ 736,279
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
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 $ 469 469 $ 1,061 $ 592 $
Total revenues 469 469 1,061 592

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues over
(under) expenditures $ 469 469 $ 1,061 $ 592
Fund balances - beginning 26,601
Fund balances - ending $ 27,662
Budgeted Amounts
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
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, 2025
Budgetary Comparison Schedule
Major Capital Projects Funds – Capital Facilities Fund
103
Budgeted Amounts
Variance with
Original Final Actual Final Budget

REVENUES
Development fees 169,500 $ 519,162 $ 521,811 $ 2,649 $
Use of money and property 172,917 133,656 236,553 63,636 Total revenues 692,079 303,156 758,364 66,285

EXPENDITURES
Current:

Planning and community
development 7,500 7,500 - 7,500
Capital outlay 781,587 898,094 1,259,386 (477,799)
Total expenditures 789,087 905,594 1,259,386 (470,299)
Excess (deficiency) of revenues over
(under) expenditures $ (97,008) (602,438) $ (501,022) $ (404,014) Fund balances - beginning 5,964,770
Fund balances - ending $ 5,463,748
CITY OF KINGSBURG | FOR THE YEAR ENDED JUNE 30, 2025
Budgetary Comparison Schedule
Major Capital Projects Funds – Streets Project Fund
104
Variance with
Original Final Actual Final Budget

REVENUES
Intergovernmental 295,000 $ 599,629 $ 369,414 $ (230,215) $ Use of money and property 248 248 559 311
Total revenues 599,877 295,248 369,973 (229,904)

EXPENDITURES
Capital outlay 331,000 295,000 355,063 (24,063)
Total expenditures 331,000 295,000 355,063 (24,063)
Excess (deficiency) of revenues over
(under) expenditures $ 248 268,877 $ 14,910 $ (253,967) Fund balances (deficit) - beginning (257,298)
Fund balances (deficit) - ending $ (242,388)
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
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 Governmental Activities Net investment in capital assets 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 $ 31,854,391 $ Restricted 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 12,977,152 Unrestricted (314,962) (1,786,896) 356,161 5,732,794 254,445 907,166 4,914,001 7,018,962 5,613,923 7,533,591 Total Net Position $ 21,951,882 19,048,764 $ 23,105,621 $ 24,681,816 $ 28,382,856 $ 32,627,738 $ 41,156,225 $ 45,553,537 $ 48,471,696 $ 52,365,134 $ Business-type Activities Net investment in capital assets $ 6,330,963 6,432,895 $ 3,774,918 $ 4,300,883 $ 6,482,788 $ 11,355,099 $ 10,993,329 $ 10,488,898 $ 9,447,552 $ 9,088,755 $ Unrestricted (2,841,875) (3,228,171) 4,604,156 4,554,673 3,499,631 (1,114,807) (656,482) (656,482) (2,843,972) (4,335,453) Total Net Position $ 3,204,724 3,489,088 $ 8,379,074 $ 8,855,556 $ 9,982,419 $ 10,240,292 $ 10,336,847 $ 9,832,416 $ 6,603,580 $ 4,753,302 $ Total Primary Government Net investment in capital assets 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 $ 40,943,146 $ Restricted 8,540,239 8,917,767 9,169,130 4,314,137 11,157,339 12,661,892 14,632,157 14,632,157 15,039,704 12,977,152 Unrestricted (3,156,837) (5,015,067) 4,960,317 10,287,467 3,754,076 (207,641) 4,257,519 4,257,519 2,769,951 3,198,138 Total Net Position $ 25,440,970 22,253,488 $ 31,484,695 $ 33,537,372 $ 38,365,275 $ 42,868,030 $ 51,493,072 $ 51,493,072 $ 55,075,276 $ 57,118,436 $

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: 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 Governmental activities:

General government 810,747 $ 1,005,379 $ 965,020 $ 1,008,560 $ 2,054,881 $ 715,354 $ 1,456,027 $ 2,524,957 $ 2,699,908 $ 3,080,288 $ Parks and recreation 408,729 481,177 530,429 555,326 494,862 767,773 550,782 930,517 901,887 822,916 Public safety 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 6,804,983 Highway and streets 766,093 893,071 878,158 1,166,319 950,088 723,805 580,540 683,806 756,263 647,963 Public works 557,321 599,999 717,507 673,068 535,748 1,254,211 1,006,648 1,363,268 1,239,528 1,704,039 Planning and community development 286,768 356,258 367,442 477,762 426,503 650,586 1,434,479 1,191,530 860,918 796,243 Interest 199,851 187,158 173,912 158,427 141,335 124,188 99,255 69,661 - - Total governmental activities 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 13,856,432 Business-type activities:

Water 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 3,622,311 Disposal 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 3,423,581 Ambulance/Fire 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 5,386,794 Building fee - - - - - - - - - -
Total business-type activities 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 12,432,686 Total primary government expenses 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 $ 26,289,118 $ PROGRAM REVENUES:

Governmental activities:

Charges for services 703,733 $ 1,742,760 $ 1,223,069 $ 1,059,138 $ 3,493,622 $ 2,612,979 $ 3,272,677 $ 1,667,353 $ 1,765,976 $ 2,244,237 $ Operating grants 1,104,208 1,271,688 1,391,409 1,473,950 1,763,066 2,592,719 2,561,100 2,473,952 2,428,127 2,463,986 Capital grants 1,086,239 876,625 92,955 364,811 439,572 307,350 1,541,304 1,490,462 1,481,502 2,484,807 Total governmental activities 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 7,193,030 Business-type activities:

Charges for services 4,783,627 4,664,727 6,589,431 6,644,726 7,114,028 7,450,737 8,982,299 10,570,131 8,009,940 8,569,285 Operating grants 899,983 1,391,447 1,712,967 1,231,609 1,324,235 2,362,855 1,114,407 2,130,047 2,295,127 2,317,523 Capital grants - - - 591,320 102,078 - - - - -
Total business-type activities 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 10,886,808 Total primary government program revenues $ 10,156,861 8,368,176 $ 11,009,831 $ 11,365,554 $ 14,236,601 $ 15,326,640 $ 17,471,787 $ 18,331,945 $ 15,980,672 $ 18,079,838 $

FISCAL YEARS
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Changes in Net Position (Accrual Basis of Accounting) (Continued) 109
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 Net (expense)/revenue:

Governmental activities (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) $ (6,663,402) $ Business-type activities (105,386) (143,896) (313,514) 46,779 519,818 1,259 (497,746) (1,018,095) (1,372,742) (1,545,878) Total primary government (expenses) revenue, net $ (1,325,142) (2,031,191) $ (4,025,765) $ (4,755,080) $ (3,052,471) $ (3,194,328) $ (3,092,338) $ (7,828,197) $ (8,720,815) $ (8,209,280) $ GENERAL REVENUES:

Governmental activities:

Taxes:

Property taxes 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 $ 2,542,408 $ Sales and use taxes 953,113 1,051,840 982,698 2,460,290 3,092,695 3,590,893 4,331,303 4,281,190 4,274,956 4,337,433 Franchise taxes 371,609 375,520 483,749 433,177 476,016 519,474 539,719 610,913 623,693 640,181 Special assessments 243,108 249,630 243,785 239,557 - - - - - - Transient occupancy taxes 471,331 515,696 539,949 538,169 320,034 295,857 435,977 419,730 400,932 385,571 Motor vehicle in-lieu 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 1,587,749 Investment earnings 190,689 205,053 227,180 211,383 210,807 124,720 117,787 485,955 853,055 787,760 Miscellaneous 133,675 90,403 63,707 267,498 843,455 242,866 193,372 39,655 194,491 307,219 American Rescue Plan Act (ARPA) - - - - - - 2,896,491 - - - Gain/Loss on sale of capital assets - - - - - - 7,231 - 36,903 1,750 Capital Contributions - - - - - - - - - 855,253
Transfers (383,000) (783,000) (179,000) (350,000) (500,000) (300,000) (575,000) 1,896,915 (466,636) (1,054,609) Total governmental activities 4,229,625 3,668,030 4,865,990 6,378,054 7,273,329 7,440,469 11,123,079 11,207,414 9,917,922 10,390,715 Business-type activities:

Investment earnings 6,750 3,291 24,500 79,703 107,045 20,983 11,186 38,488 65,148 28,125 Capital Contributions - - - - - - - - - (855,253)
Transfers 383,000 783,000 179,000 350,000 500,000 300,000 575,000 (1,896,915) 466,636 1,054,609 Gain on sale of assets - - - - - - - 4,449 - -
Extraordinary item-settlement revenue - - 5,000,000 - - - - - - - Total business-type activities 389,750 786,291 5,203,500 429,703 607,045 320,983 586,186 (1,853,978) 531,784 227,481 Changes in net position:

Governmental activities 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 3,727,313 Business-type activities 284,364 642,395 4,889,986 476,482 1,126,863 322,242 88,440 (2,872,073) (840,958) (1,318,397) Total primary government changes in net position $ 3,294,233 2,423,130 $ 6,043,725 $ 2,052,677 $ 4,827,903 $ 4,567,124 $ 8,616,927 $ 1,525,239 $ 1,728,891 $ 2,408,916 $

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
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 General Fund: Nonspendable 130,397 $ 96,706 $ 61,652 $ 25,180 $ - $ - $ - $ 1,833,036 $ 2,082,196 $ 2,029,788 $ Restricted - - - - - - - - 2,044,744 320,762
Committed - - - 3,360,441 2,507,499 3,213,399 3,842,744 2,585,613 1,983,771 1,753,159 Assigned - - - - - - - 5,469 - -
Unassigned 3,531,436 2,629,738 4,491,553 1,968,125 2,644,962 2,878,456 5,089,253 6,623,871 7,924,535 8,264,796 Total General Fund 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 $ 12,368,505 $ All Other Governmental Funds:

Restricted 4,621,378 $ 8,540,239 $ 9,169,130 $ 4,314,137 $ 11,157,339 $ 11,157,339 $ 14,702,157 $ 14,157,183 $ 12,994,960 $ 12,977,152 $ Committed - - - - - - - 138,305 385,993 232,906
Unassigned (465,268) (1,150,379) (374,335) 4,428,564 (172,877) (172,877) (471,118) (549,504) (1,060,515) (690,325) Total all other governmental funds $ 8,074,971 7,427,999 $ 8,794,795 $ 8,742,701 $ 10,984,462 $ 10,984,462 $ 14,231,039 $ 13,745,984 $ 12,320,438 $ 12,519,733 $ CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Changes in Fund Balances of Governmental Funds (Modified Basis of Accounting) 111
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 REVENUESTaxes 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 $ 7,838,240 $ Licenses and permits 334,854 636,645 372,683 308,666 619,929 564,818 843,068 638,982 642,364 782,558 Intergovernmental revenue 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 6,927,590 Charges for services 326,563 384,310 451,115 391,458 375,013 321,432 404,743 420,569 252,708 463,004 Fines and penalties 18,693 12,677 15,464 20,424 11,679 5,023 17,327 6,696 12,920 18,693 Development fees 229,372 1,005,356 689,517 541,125 2,557,760 1,778,943 2,142,817 656,603 875,987 985,210 Interest 190,689 205,053 227,180 211,383 210,808 124,720 125,017 485,955 889,340 950,277 Other revenue 133,675 90,403 63,707 267,498 843,455 242,866 193,372 39,655 194,491 307,219 Total revenues 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 18,272,791 EXPENDITURES Current: General Government 726,070 972,276 893,467 923,719 1,172,306 1,147,009 1,544,628 2,537,928 1,802,023 2,327,939 Parks and community services 351,214 380,758 448,594 490,816 442,329 587,292 735,923 743,015 707,615 848,270 Public Safety 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 6,545,408 Public Works 438,132 397,214 408,377 708,016 571,131 564,783 631,783 541,756 618,190 602,899 Tax pass-through - - - - - - - - -
Highway and streets 574,122 613,152 542,592 561,280 564,402 548,923 609,796 833,371 710,793 885,909 Planning and community development 315,118 311,654 355,537 395,608 547,095 641,648 836,341 646,197 690,734 1,094,127 Capital outlay 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 6,172,356 Debt service: Principal 317,349 292,914 314,516 314,697 304,370 290,633 289,100 388,225 155,172 165,264 Interest and fiscal charges 163,665 179,620 166,549 151,061 133,879 116,723 91,945 65,292 146,266 209,579 Bond issuance costs - - - - - - - - 58,269 -
Total expenditures 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 18,851,751 Excess of revenues Over (under) Expenditures 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) (578,960) OTHER FINANCING SOURCES (USES)Proceeds from debt - - - - - - - 67,275 3,274,000 - Transfers in 499,805 294,677 585,473 153,715 155,000 205,000 205,000 2,895,162 678,579 488,525 Transfers out (1,282,805) (677,677) (764,473) (503,715) (655,000) (505,000) (780,000) (998,247) (1,145,216) (1,543,136) Finance purchase - 80,000 - - - - - - - -
Total other financing sources (uses) (703,000) (383,000) (179,000) (350,000) (500,000) (300,000) (575,000) 1,964,190 2,807,363 (1,054,611) Net changes in fund balances $ 1,047,341 372,061 $ 1,644,887 $ 748,447 $ 2,040,476 $ 2,012,312 $ 5,013,801 $ 1,630,937 $ 1,839,481 $ (1,633,571) $ Debt service as a percentage of noncapital expenditures 10.01% 9.08% 8.85% 7.44% 5.70% 5.12% 3.48% 3.79% 2.69% 3.22%

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 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 2025 1,460,467,291 1,460,467,291 81,304,866 81,304,866 10,149,800 1,531,622,357 1,541,772,157 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)
2020-21 794,587,439 136,342,357 146,092,510 67,359,507 44,404,487 47,075,116 1,141,711,184 1.151188 1,316,087,978 1.15273 2021-22 847,333,980 144,503,345 139,542,777 67,155,388 66,585,469 47,316,255 1,217,804,704 1.139680 1,521,945,005 1.24974 2022-23 918,315,373 151,782,785 136,309,584 87,696,321 76,786,985 57,343,474 1,313,547,574 1.143926 1,638,464,624 1.24735 2023-24 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 2024-25 1,103,516,780 165,508,621 160,044,817 89,522,452 83,403,866 70,374,179 1,531,622,357 1.096486 2,061,036,324 1.34566 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 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 2024-2025 2,542,408 4,337,433 640,181 1,587,749 385,571 9,493,342 Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST SEVEN FISCAL YEARS
Direct and Overlapping Property Tax Rates
115
2020-21 2021-22 2022-23 2023-24 2024-2025
Basic City and County Levy
FRESNO CO LIBRARY 0.017500 0.017500 0.017500 0.017500 0.017500 KINSBURG CEMETARY 0.013880 0.013880 0.013880 0.013880 0.013880 KINGSBURG HOSPITAL 0.043010 0.043010 0.043010 0.043010 0.043010 CONSOLIDATED MOSQ 0.008160 0.008160 0.008160 0.008160 0.008160 KINGSBURG ELEM 0.168810 0.168810 0.168810 0.168810 0.168810 KINGSBURG HIGH 0.166870 0.166870 0.166870 0.166870 0.166870 STATE CENTER COMM 0.051700 0.051700 0.051700 0.051700 0.051700 SCH EQUALIZATION 0.029850 0.029850 0.029850 0.029850 0.029850 CITY OF KINGSBURG 0.167150 0.167150 0.167150 0.167150 0.167150 FRESNO COUNTY 0.333070 0.333070 0.333070 0.333070 0.333070 TOTAL 1.000000 1.000000 1.000000 1.000000 1.000000
Override Assessments
KINGSBURG HI 98 0.028058 0.027076 0.023484 0.000000 0.000000 KINGSBURG HI 16REF 0.027164 0.026310 0.023764 0.023384 0.020992 KINGSBURG HI 14B 0.015026 0.014492 0.000000 0.000000 0.000000 KINGSBURG HI 22ARE 0.000000 0.000000 0.009088 0.003242 0.006816 KINGSBURG HI 22BRE 0.000000 0.000000 0.016492 0.008364 0.012320 STATE CCC 16 A 0.000000 0.000096 0.001250 0.001342 0.001296 STATE CCC 16 B 0.016702 0.008596 0.018762 0.001874 0.004176 STATE CCC 16 C 0.000000 0.000000 0.000000 0.009956 0.008070 KINGSBURG HI 14A 0.007272 0.007252 0.000000 0.000000 0.000000 STATE CCC 15 REFI 0.004272 0.004288 0.003716 0.003696 0.003252 STATE CCC 02 S 18A 0.002750 0.003564 0.002454 0.002324 0.002058 STATE CCC 12 REFI 0.001944 0.001086 0.000000 0.000000 0.000000 STATE CCC 17 REFI 0.000002 0.000002 0.000200 0.000266 0.000234 STATE CCC 20 REFI 0.000000 0.000456 0.002088 0.001462 0.001320 KINGS JUES 2016 B 0.011338 0.000000 0.000000 0.000000 0.000000 KINGSBURG 2006 0.000000 0.000000 0.000000 0.000000 0.000000 KINGSBURG JUES 16 REF 0.030188 0.000000 0.000000 0.000000 0.000000 ST COLL 2016 GO A 0.000002 0.000000 0.000000 0.000000 0.000000 KINGS JUES 2016 A 0.006470 0.000000 0.000000 0.000000 0.000000 KINGSBURG 2004 BD 0.000000 0.000000 0.000000 0.000000 0.000000 KINGSBURG 2006 REF 0.000000 0.000000 0.000000 0.000000 0.000000 KINGSBURG 2013 REF 0.000000 0.000000 0.000000 0.000000 0.000000 KINGSBURG EL 16REF 0.000000 0.026064 0.024306 0.023062 0.020552 KINGSBURG EL 16 A 0.000000 0.007162 0.006644 0.006124 0.005172 KINGSBURG EL 16 B 0.000000 0.013236 0.011678 0.011674 0.010228 KNGSBG HS 06 S08 0.000000 0.000000 0.000000 0.000000 0.000000 ST COL 2002 2007A 0.000000 0.000000 0.000000 0.000000 0.000000 ST COLL 02 S 09A 0.000000 0.000000 0.000000 0.000000 0.000000 ST COLL 02 S 09B 0.000000 0.000000 0.000000 0.000000 0.000000 TOTAL 0.151188 0.139680 0.143926 0.096770 0.096486
TOTAL TAX RATE 1.151188 1.139680 1.143926 1.096770 1.096486 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 80,076,927 5.23% 70,284,448 7.68% Guardian Industries Corporation 70,604,647 4.61% 53,471,122 5.84% PCA Central California Corrugated LLC 37,499,000 2.45%
Kingsburg Villas LLC 23,745,060 1.55%
Alves George J & Louise N L Trustees 12,114,204 0.79% 4,873,510 0.53% JBBBS LLC 10,477,859 0.68% 7,895,524 0.86%
Superb Hospitality LLC 7,748,900 0.51% 7,551,733 0.82%
Save Mart Portfolio Owner NLP CA LLC 7,216,213 0.47%
Cencal Cnc Inc 6,455,200 0.42%
K-Prop LLC 6,327,832 0.41%
Calico-Kingsburg LLC 6,284,657 0.41%
Wiebe Abe 6,160,197 0.40% 2,642,930 0.29%
DFA Of California 5,878,771 0.38%
Vie-Del Company 5,591,226 0.37% 5,012,513 0.55%
Darren Hiyama Kings Court LLC 5,156,700 0.34%
Public Properties Inc 5,084,448 0.33% 2,824,544 0.31%
Bosley Investments Ltd 4,629,780 0.30%
Alkably LLC 4,603,516 0.30%
K A T Prop LLC 4,400,111 0.29% 2,774,522 0.30%
Valley Health Team Inc 4,330,663 0.28%
KES Kingsburg L P 4,185,263 0.27%
Foster Poultry Farms 3,963,772 0.26% 2,248,715 0.25%
Shahbazian John & Linda Trustees 3,933,843 0.26% 3,162,644 0.35% Msys LLC 3,796,839 0.25%
Gong Billy Kwock Trustee 3,374,366 0.22% 3,181,917 0.35% Sacramento Container 2.10% 19,182,300
Central California Sheets 17,523,500 1.91%
Emster XII LLC 0.63% 5,750,000
Kings View LP 0.63% 5,736,800
PLT Kingsburg LLC 0.56% 5,156,700
RMP Properties LLC 0.40% 3,623,012
Kingsburg Investments LLC 3,459,583 0.38%
Park Kingsburg 0.28% 2,555,700
Satterberg Estates LLC 0.27% 2,482,075
Kingsburg Court LLC 0.26% 2,362,867
Canzoneri Richard M Norma G Tr 2,312,982 0.25%
O'reilly Auto Enterprise LLC 2,152,260 0.24%
Henderson EZ Storage LP 0.23% 2,113,818
Total Top 25 Taxpayers 333,639,994 21.78% 26.27% 240,335,719 Total Taxable Value 1,531,622,357 100.00% 100.00% 915,584,270 2024-25 2015-16
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
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
2024-2025 3,231,843 3,231,843 100% - 3,231,843
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
Percentage
Tax Lease CIEDB Lease Total of Estimate Actual
Fiscal Allocation Purchase Police Bldg Finance Revenue Water Meter CIEDB Primary Value of Taxable Year Bonds Agreement Loan Purchases Bonds SBITAs (2) Finance Purchase Water Loan SBITAs (2) Government Property (1) 2015 1,439,100 - - - 2,679,930 - 987,674 2,344,942 - 7,451,646 1.08% 2016 1,262,900 - - 68,853 2,570,000 - 878,011 2,257,496 - 7,037,260 0.98% 2017 1,095,300 - - 53,539 2,441,950 - 764,664 2,167,443 - 6,522,896 0.71% 2018 911,600 - - 37,693 2,327,960 - 647,510 2,074,708 - 5,999,471 0.60% 2019 733,300 - - 20,697 2,208,970 - 526,420 1,979,208 - 5,468,595 0.53% 2020 570,900 - - 3,732 2,084,980 - 401,264 1,880,863 - 4,941,739 0.47% 2021 409,600 - - - 1,960,990 - 271,903 1,779,587 - 4,422,080 0.39% 2022 250,500 - - - 1,832,000 - 138,197 1,675,293 - 3,895,990 0.34% 2023 - - - - 1,703,010 59,550 - 1,567,891 26,616 3,357,067 0.28% 2024 - 3,274,000 - - 1,569,020 39,377 - 1,457,289 20,554 6,360,240 0.52% 2025 - 3,274,000 - - 1,430,030 14,112 - 1,343,390 14,114 6,075,646 0.50% 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 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 2025 - 4,704,030 4,704,030 1,313,217,204 12,506 0.36% 376 Source: City of Kingsburg Finance Department
General Debt Outstanding

CITY OF KINGSBURG | AS OF JUNE 30, 2025
Direct and Overlapping Governmental Activities Debt
120
City’s Share
Total Debt of Debt
OVERLAPPING TAX AND ASSESSMENT DEBT: 6/30/2025 % Applicable 6/30/2025 State Center Community College District 348,985,000 $ 1.257% 4,386,741 $ Selma Unified School District 51,983,981 3.967% 2,062,205 Kingsburg Joint Union High School District 16,102,567 49.897% 8,034,698 Kingsburg Elementary Charter School District 63.610% 10,516,206 16,832,316 TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 24,999,850 (1) DIRECT AND OVERLAPPING GENERAL FUND DEBT:

Fresno County General Fund Obligations 15,675,000 $ 1.386% 217,256 Fresno County Pension Obligation Bonds 167,237,627 1.386% 2,317,914 Selma Unified School District Certificates of Participation 4,631,725 3.967% 183,741 Kingsburg Elementary Charter School District Certificates of Participation 8,220,530 63.610% 5,229,079 City of Kingsburg General Fund Obligations 100.000% 4,714,000 4,714,000 (3) TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT 12,661,990 TOTAL DIRECT DEBT 4,714,000
TOTAL OVERLAPPING DEBT 32,951,998
COMBINED TOTAL DEBT $ 37,665,998 (2)
(1)
(2)
Ratios to 2024-25 Assessed Valuation:

Total Overlapping Tax and Assessment Debt 1.62%
Total Direct Debt ($4,854,000) 31.00%
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 | AS OF JUNE 30, 2025
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 4,704,030
Less Tax Allocation Bonds
not subject to limit -
Amount Subject to limit 4,704,030
LEGAL BONDED DEBT MARGIN 193,809,841 $
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%
2025 198,513,871 4,704,030 193,809,841 2.43%
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 2024-2025 13,285 731,297,934 55,047 41.2 3,299 7.9% 6.4% 1,037,053

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

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

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.

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 584 9.90% - 0.00% Kingsburg Elementary Charter School District 316 5.36% - 0.00% Guardian Industries Corporation 244 4.14% 298 5.14%
Kingsburg Care Center 113 1.92% - 0.00%
Kingsburg Joint Union High School District 105 1.78% - 0.00% Cencal CNC Inc. 86 1.46% - 0.00%
City of Kingsburg 85 1.44% 46 0.79%
Save Mart 75 1.27% 70 1.21%
Kings River Union School District 53 0.90% 51 0.88%
McDonald's 47 0.80% - 0.00%
HMC Fresh - 0.00% 100 1.72%
Kmart - 0.00% 70 1.21%
Nutrius - 0.00% 45 0.78%
Waste Connection - 0.00% 36 0.62%
Denny's - 0.00% 32 0.55%
Fairfield Inn & Suites - 0.00% 19 0.33%
Total Top 10 Employers 1,708 28.97% 767 13.22%
Total City Labor Force (1) 5,900 5,800
Source: MuniServices, LLC / Neumo
Source: FY2016, City of Kingsburg -- ACFR Report Publication (1) Total City Labor Force provided by EDD Labor Force Data.

Notes:

Results based on direct correspondence with city’s local businesses.

The following Employers are non-responsive to Muni's
headcount inquires:
*Nutrius
*Central California Corrugated LLC (Packing Corp of America) 2025 2016
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Full-Time Equivalent Employees by Function
124
Function/Programs 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 1.44 1.42 1.50 1.35 1.34 1.30 1.33 1.33 1.52 City Clerk 1.00 1.00 1.00 1.00 1.20 1.00 1.00 1.00 1.00 1.00 Finance 1.00 1.00 0.95 1.00 5.00 0.95 0.95 1.28 1.28 5.25 Community Services 3.85 7.27 8.41 6.00 6.00 5.54 6.10 8.37 8.37 5.39 Human Resource 1.00 1.00 1.00 1.00 1.00 1.00 1.40 1.66 1.66 1.57 Police Department 18.00 18.07 20.36 21.50 19.72 20.50 29.00 23.79 28.00 28.65 Planning & Development 1.35 2.00 2.00 2.00 2.00 2.00 3.20 3.79 3.00 3.48 Public Works 3.03 3.00 5.34 7.00 7.00 2.34 2.71 2.71 5.31 7.73 Total Governmental Activities 35.23 39.78 45.48 46.00 48.27 39.67 50.66 48.93 54.95 59.59 Business-Type-Activities
Water 5.83 4.00 4.08 4.00 3.00 2.58 8.34 8.34 8.34 3.00 Solid Waste 2.05 2.00 2.13 - - 2.58 2.63 2.63 2.63 -
Ambulance/Fire 12.50 11.70 11.27 14.50 15.00 14.50 24.00 24.00 20.67 25.80 Building Permit - - - - - - - - - -
Total Business Type Activities 20.38 17.70 17.48 18.50 18.00 19.66 34.97 34.97 31.64 28.80 Full Time Employees 55.61 57.48 62.96 64.50 66.27 59.33 85.63 83.90 86.59 88.42 Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Operating Indicators by Function
125
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Police
# of calls for service 8,125 9,840 9,635 9,003 8,599 9,153 10,773 13,099 13,764 10,877 # of arrests 276 383 388 309 165 286 310 414 353 302
# of traffic citations 302 657 815 715 229 586 312 676 590 703 Fire
# of fire calls 441 622 495 560 536 653 592 480 576 491 # of EMS calls 1,285 1,768 1,657 1,894 2,084 2,157 2,369 2,490 2,432 2,423 # of inspections 6 10 6 24 150 225 414 300 76 50
Parks and Recreation
# of recreation classes 5 5 6 6 2 6 8 8 9 9
# of facility rentals 303 251 292 309 103 230 302 400 412 395 Public Works
# of street miles maintained 47.50 50.00 72.00 72.00 72.00 72.00 75.32 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 3,614 3,666 3,701 3,732 3,818 3,894 3,992 4,094 4,141 4,200 Water Production volume (in millions) 980.18 805.24 878.10 844.01 930.01 1,072.97 1,062.49 840.00 936.46 1,006.39 Planning and Building
# of building permits 310 416 379 426 684 889 869 590 529 347 # of planning applications 14 40 25 32 27 20 19 26 40 42 # of code complaints 50 14 61 321 162 231 260 679 1,006 808 Source: City of Kingsburg Finance Department
CITY OF KINGSBURG | LAST TEN FISCAL YEARS
Capital Assets Statistics by Function
126
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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 50.00 72.00 72.00 72.00 72.00 75.21 75.32 75.32 75.32 Community Services:

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

Water Wells 8 8 8 8 8 8 8 8 8 7
Source: City of Kingsburg Finance Department
GENERAL FUND 2021 2022 2023 2024 2025
BEGINNING OF YEAR FUND BALANCE 5,152,461 6,091,855 8,931,997 11,047,989 14,035,246 REVENUES: 6,787,980 10,340,115 7,368,449 8,118,062 8,823,170 EXPENDITURES: 5,643,586 7,019,973 7,481,809 7,856,209 9,437,475 Total Transfers in/Transfers out (205,000) (480,000) 2,229,352 (548,596) (1,052,436) Issuance of Debt - - - 3,274,000 -
FUND BALANCE END OF YEAR 6,091,855 8,931,997 11,047,989 14,035,246 12,368,505 MEASURE E FUND 2021 2022 2023 2024 2025
BEGINNING OF YEAR FUND BALANCE 605,538 1,364,943 1,857,174 1,088,855 420,800 Operating Revenues 2,316,794 2,766,934 2,711,189 2,727,688 2,844,361 Operating Expenses 1,557,389 2,274,703 3,479,508 3,395,743 2,941,564 Total Transfers in/Transfers out - - - - 1,825
FUND BALANCE END OF YEAR 1,364,943 1,857,174 1,088,855 420,800 325,422 WATER FUND 2021 2022 2023 2024 2025
BEGINNING OF YEAR FUND BALANCE 10,777,105 10,837,213 10,950,048 7,853,844 6,695,454 Operating Revenues 2,380,274 2,478,915 2,499,543 2,494,303 2,556,006 Operating Expenses 2,263,207 2,319,832 3,106,372 3,662,023 3,576,338 Total Transfers in/Transfers out (56,959) (46,248) (2,489,375) 9,330 (1,340) FUND BALANCE END OF YEAR 10,837,213 10,950,048 7,853,844 6,695,454 5,673,782 DISPOSAL FUND 2021 2022 2023 2024 2025
BEGINNING OF YEAR FUND BALANCE (506,101) (741,699) (770,916) (446,091) (410,208) Operating Revenues 1,925,875 2,023,034 2,968,575 3,226,006 3,431,039 Operating Expenses 2,161,473 2,052,251 2,643,750 3,190,123 3,423,581 Changes in accounting principles - - - - 31,962
FUND BALANCE END OF YEAR (741,699) (770,916) (446,091) (410,208) (370,788) AMBULANCE/FIRE FUND 2021 2022 2023 2024 2025
BEGINNING OF YEAR FUND BALANCE (352,954) 152,893 157,715 57,021 305,446 Operating Revenues 3,755,812 1,848,858 1,435,712 2,289,629 2,250,392 Operating Expenses 3,249,965 3,454,227 4,196,757 4,080,740 5,006,308 Total Transfers in/Transfers out 575,000 586,692 450,485 (336,145) Nonoperating revenues (Grants) - 1,035,191 2,073,659 1,601,939 2,236,923 FUND BALANCE END OF YEAR 152,893 157,715 57,021 305,446 (549,692)

CITY OF
KINGSBURGPRESENTATION OF THE JUNE 30, 2025, FINANCIAL STATEMENT AUDIT TO THE CITY COUNCIL March 4, 2026Anthony Gonzales II, CPA
01 02 03
05 06

ABOUT THE FIRM AUDIT SCOPE &

PROCESS

AUDIT AREAS OF EMPHASIS

REQUIRED

COMMUNICATIONS

DISCUSSION/

QUESTIONS
04 AUDITOR’S

REPORTS
AGENDA
• Founded in 1976 – celebrating 50 years serving clients in the central valley • Top 10 firm in California’s Central Valley
• Deep specialization in serving governments• Over 120 audits of municipalities, special districts, counties and nonprofit organizations
• PPC consists of approximately 70 dedicated employees, including 25 CPAs

ABOUT THE FIRM
• Fausto Hinojosa, CPA - Engagement Partner
• Anthony Gonzales, CPA - Engagement Manager• Three additional professional staff members & Administrative support • This team of professionals has over 50 years of combined experience providing audit and attest services

ENGAGEMENTMANAGEMENT TEAM
• Audit of the City’s annual financial statements in accordance with applicable audit standards (AICPA & Governmental Audit Standards)
• 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
• Evaluate evidence obtained, issue report based on that evidence.

AUDIT PROCESS
• Cash & Investments
• Revenues and Receivables, including utility related billings and collections
• Expenses (including salaries) and accounts payable• Capital Assets• Fund Balance classifications including reserve policy review• Net Pension Liability• Compensated absences – implementation of GASB 101

AUDIT AREAS OF EMPHASIS
AUDITOR’S

REPORTS
• 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 ONFINANCIAL STATEMENTS
• If deficiencies are identified; reported here:
• Internal Control
• Identified deficiencies:
• Misclassification of Transfers (2025-001)• Reserve Policy Surplus (2025-002)• Allowance for Doubtful Accounts (2025-003)• Reimbursement Obligations & Contributed Capital (2025-004)

GOVERNMENT AUDITING STANDARDS REPORT
• Compliance
• Nothing identified

GOVERNMENT AUDITING STANDARDS REPORT

REQUIRED

COMMUNICATION
• Significant Accounting Policies – GASB 101 Compensated Absences, implemented during FY2025.
• Significant Estimates - Net Pension Liability, Allowance for Doubtful Accounts. • Sensitive Disclosures – Deficit Fund Balance/Net Position (Note 2.A)

REQUIRED COMMUNICATIONS
• Difficulties Encountered in Performing Audit - none
• Significant Audit Adjustments – See corrected material audit adjustment report • Disagreements with Management – none.• Fraud and Illegal Acts – Nothing identified

REQUIRED COMMUNICATIONS

THANK YOU FOR YOUR
TIME.ANY QUESTIONS?

CITY COUNCIL MEETING STAFF REPORT
REPORT TO: Mayor Smith & City Council
REPORT FROM: Christina Windover, Assistant City Manager/Admin. Services Director REVIEWED BY: AJH
AGENDA ITEM: Status of the City of Kingsburg’s Vacancies and Recruitment and Retention Efforts in Calendar Year 2025
ACTION REQUESTED: ___Ordinance ___Resolution _____Motion ___Receive/File

EXECUTIVE SUMMARY
AB 2561 requires public agencies to hold at least one (1) public hearing per fiscal year to discuss vacancies and recruitment and retention efforts. This report reviews the vacancies, recruitment, and retention throughout 2025.

In Calendar Year 2025, the City of Kingsburg maintained 57 authorized full-time positions in the following bargaining units: Kingsburg Public Service Association, Kingsburg Police Officers Association, and Kingsburg Professional Firefighters Association, and experienced consistently low vacancy rates throughout the year. A total of eleven vacancies were created during the year, ten of those were filled before 2025 ended, and the remaining vacancy was filled early January 2026. The City’s annual staffing turnover was 19 percent.

The average time to fill vacancies was 33 calendar days, with internal recruitments completed more quickly than external recruitments. While the City faces challenges in attracting qualified candidates and navigating preemployment requirements, staff have taken steps to clarify job descriptions, update testing standards, and streamline hiring processes. No bargaining unit exceeded the 20% vacancy rate, and overall staffing levels remained stable throughout the year.

In compliance with legal obligations, the City of Kingsburg is required to do the following:

1. Public Hearing: At least once each fiscal year, at a public hearing before the City Council, the City of Kingsburg shall present information regarding the status of vacancies and recruitment and retention efforts (Gov. Code § 3502.3(a)(1)) and identify any necessary changes to policies, procedures, and recruitment activities that may lead to obstacles in the hiring process (Gov. Code § 3502.3(a)(3)).

This presentation must occur prior to the City Council’s adoption of the final budget for the City of Kingsburg. (Gov. Code § 3502.3(a)(2).)

2. Employee Organization Participation: Allow the recognized employee organizations for each bargaining unit in the City of Kingsburg to make presentations during the public hearing concerning vacancies and recruitment and retention efforts. There are three (3) bargaining units in the City of Kingsburg. (Gov. Code § 3502.3(b). Kingsburg Police Officers Association, Kingsburg Professional Firefighters Association, and Kingsburg Public Service Employees Association.

3. Additional Reporting for High Vacancy Rates: If vacancies within a single bargaining unit meet or exceed 20% of authorized full-time positions in that bargaining unit, upon request of the recognized employee organization for that bargaining unit, the City of Kingsburg must provide additional information during the public hearing, including the following: (1) the total number of vacancies; (2) the number of applicants; (3) Meeting Date: 03/04/2026
Agenda Item: 4

the average time to fill positions; and (4) opportunities to improve compensation and working conditions for employees in the bargaining unit. (Gov. Code § 3502.3(c).)

RECOMMENDED ACTION BY CITY COUNCIL

1. Staff recommends the Mayor and City Council receive and file the 2025 vacancies and recruitment and retention efforts.

FINANCIAL INFORMATION

PRIOR ACTION/REVIEW
Vacancy Compliance Policy adopted in 2025.

BACKGROUND INFORMATION
AB 2561 was introduced to address the issue of job vacancies in local government, which adversely affects the delivery of public services and employee workload. Among other requirements, the bill mandates that public agencies present the status of vacancies and recruitment and retention efforts during a public hearing before the agency’s governing body at least once per fiscal year. The bill was enacted into law and is codified at Government Code section 3502.3. The new law became effective on January 1, 2025.

ATTACHED INFORMATION

1. AB 2561 Vacancy Presentation
FISCAL IMPACT:

1. Is There A Fiscal Impact? No

2. Is it Currently Budgeted? No

3. If Budgeted, Which Line? N/A
AB 2561 Presentation:

Status of the City of Kingsburg’s
Vacancies and
Kingsburg’s Recruitment and
Retention Efforts in Calendar Year:
2025

PRESENTED BY

CHRISTINA

WINDOVER
Agenda
Kingsburg Wide Information
• Workforce Information
• Vacancy Information
• Recruitment Information
• Hiring Issues
• Retention Information
Bargaining Unit Specific Information
• Vacancy Information
• Recruitment Information
• Hiring Issues
• Compensation & Market Competiveness
Workforce
Information
– General
Total Budgeted/Authorized FullTime Positions: 57
Services Rendered to Public by
Budgeted/Authorized Workforce:
• Kingsburg Police Officers Association
• Kingsburg Professional Firefighters
Association
• Kingsburg Public Service Employee
Association
Vacancy Information – General
 Average % of Vacancies at
the End of Each Month: 3.4%
 Highest % of Vacancies at the
End of a Month: 5%
 Lowest % of Vacancies at the
End of a Month: Zero
Calendar
Year 2025 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec # of
Vacancies
Created
0 1 0 0 2 1 0 1 0 2 1 3
# of
Vacancies
Filled
0 0 1 0 0 0 2 0 1 2 1 3
# of
Budgeted
FTEs
57 57 57 57 57 57 57 57 57 57 57 57
% of
Vacancies 0% 2% 2% 0% 3.5% 2% 0% 2% 0% 3.5% 2% 5%
Recruitment
Information
– General
Recruitment/Hiring Process Step Description
Vacancy Created Voluntary Separation, Retirement, Involuntary Separation, Internal Movement, Newly Budgeted Position
Recruitment Requisition Manager submits recruitment requisition to fill vacancy, Executive approves recruitment requisition for HR to process
Determine Recruitment Activity
Type
Utilize existing eligibility list/ongoing recruitment, recruit external & internal, or recruit internal only
Job Posting Advertise job opening and recruitment on websites and agency social media
Application Screening Pass applicants that meet minimum qualifications Candidate Written/Practical
Exam Pass candidate that score 75% on written/practical exam Candidate External Panel Oral
Exam
Pass candidates that score in the top 70% on the external panel oral exam
Candidate Internal Panel Oral
Exam
Approve candidates to eligibility list that score 70% on internal panel oral exam
Select Candidate from Eligibility
List
HR recommends hire of top candidate on eligibility list to Manager, Manager approves recommendation
Conditional Job Offer Executive authorizes HR to make conditional job offer to selected candidate
Pre-Employment Process Selected candidate accepts conditional job offer, HR processes background check and physical
Final Job Offer Selected candidate passes background check and physical, selected candidate is given an employment start date
Recruitment Information – General
Total # of Vacancies Filled During 2025: 11 Vacancies
 # of Vacancies Filled by Existing Eligibility List/Ongoing Recruitment: Zero [0]
 Average # of Calendar Days to Fill Vacancies: 33 Days # of Vacancies Filled by New External: 5 Vacancies
• Average # of Calendar Days to Fill Vacancies: 51 Days # of Vacancies Filled by New Internal Recruitment: 6
Vacancies
 Average # of Calendar Days to Fill Vacancies: 19
Recruitment Statistics:

Hiring Issues –
General
 The City of Kingsburg reviewed applicable policies,
procedures, and recruitment activities to identify any potential obstacles in the City of Kingsburg ’s hiring process.
 Kingsburg identified the following potential obstacles:
 Finding qualified candidates.
 Failing pre-employment exams or taking too long on
preemployment process
 Keeping candidates interested in the position offered.  Kingsburg will make the following changes to address these obstacles:
 Clarify any job descriptions that may cause confusion.  Make sure tests are up to dates with current schooling.  Clearer preemployment process.
 Kingsburg is unable to address these issue for the following reasons:
 Cannot change who applies for position.
 Pre employment is dependent on candidate’s
schedules.
 Unable to change salary and benefits to fit each
candidate – salary benefits are defined by MOUs.

Retention Information – General
Total # of Vacancies Created During 2025: Eleven (11)
 # of Vacancies Created by Newly Budgeted
Positions: Zero (0)
 % of Vacancies Resulting From Staffing Growth: [0.0%] # of Vacancies Created by Internal Promotion/Transfer:

Six [6]
 % of Vacancies Resulting From Internal Opportunity:
[55%]
Retention Statistics:

Retention
Information –
General (cont.)
Retention Statistics:
 Total # of Vacancies Created During 2025: Eleven (11)  # of Vacancies Created by Retirement: One (1)
 # of Vacancies Created by Involuntary Separation:

Two [2]
 # of Vacancies Created by Voluntary Separation: Five
[5]
 % of Vacancies Resulting From Turnover (including
internal openings from promotions, transfers, new
hires, and eligibility lists): 19%
 Annual Staffing Turnover Rate resulting from retirement, voluntary and involuntary separations (excluding
promotions, transfers, etc): [12%]
Vacancy Information
– Bargaining Units
 Bargaining Units at or
exceeding 20%
vacancy rate:
 None
12/31/2025 # of
Vacancies
# of
Budgeted
FTEs
% of
Vacancies
Kingsburg Police
Officers Association 0 25 0%
Kingsburg
Professional
Firefighters
Association
0 18 0%
Kingsburg Public
Service Employee
Association
1 14 7.1%
Thank you

CITY COUNCIL MEETING STAFF REPORT
REPORT TO: Mayor Smith & Council Members
REPORT FROM: Alexander J. Henderson, City Manager; ICMA-CM REVIEWED BY: AP AGENDA ITEM: 2025-2026 Capital Improvement Project Update and FY27 Introduction ACTION REQUESTED: ___Ordinance ___Resolution ___Motion _____Receive/File

EXECUTIVE SUMMARY
This item is intended to provide an update regarding current year Capital Improvement Project (CIP) updates, as well as a refresher for project development and recommendations. Each year, as part of our regular budget development, staff and Council consider larger expenditures, those over $5,000, which get programmed into the city’s capital improvement budget.

Included in your packet this evening is:

1. Spreadsheet showing FY26 CIP status update; and

2. The council adopted policy that outlines the processes for determining CIP projects, how to prioritize the necessary work, and ultimately include the CIP program as part of the city’s annual budget adoption.

The current policy lists six steps to help guide project development, cost estimates, and prioritization for consideration. As the policy outlines, choosing projects is not always objective. For example, decisions regarding road work considers more than just an objective rating of road conditions. Other factors, like vehicle miles traveled, street classification (arterial, collector, minor) also are considered when determining which projects to recommend for budgeting.

Council members may wish to direct staff to research projects for FY27 and can also provide input throughout the budgeting process. Members of the public may also provide input on preferred projects for consideration.

RECOMMENDED ACTION BY CITY COUNCIL

1. Informational only. Council may choose to provide direction on projects or ask staff to conduct additional research.

POLICY ALTERNATIVE(S)

1. N/A

STRATEGIC INITIATIVE

1. Financial Stability
Meeting Date: 03/04/2026
Agenda Item: 5