La Palma City Council
January 14, 2025

January 14, 2025 | 1
AGENDA

REGULAR MEETING

LA PALMA CITY COUNCIL
TUESDAY, JANUARY 14, 2025
Mark I. Waldman
Mayor
Nitesh P. Patel
Mayor Pro Tem
Debbie S. Baker
Council Member
Janet Keo Conklin
Council Member
Vikesh P. Patel
Council Member
5:30 PM Closed Session
6:30 PM Open Session
La Palma City Hall
Council Chambers
7822 Walker Street, La Palma

CALL TO ORDER

CLOSED SESSION

CS-1. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION (Pursuant to paragraph (1) of subdivision (d) of Section 54956.9) Claim No. 3052765, regarding physical and emotional injury.

Claimants: Aini, Alamour, Alrefai, Anabtawi, Assfour, Aweinat, Chang, Gradoni, Habbas, Haley, Hammad, Hernandez, Hijazi, Huskey, Kapogianis, Kharal, Mendoza, Monreal, Nasordeen, Nguyen, Plaskon, Valez, Yu, Zadran, and Zegar.

CS-2. CONFERENCE WITH LABOR NEGOTIATORS
Pursuant to Government Code section 54957.6.

Agency Designated Representatives: Conal McNamara, City Manager Ryan Hallett, Assistant City Manager

January 14, 2025 | 2
Steve Filarsky, Labor Attorney
Mike Matsumoto, Financial Consultant
Employee Organizations: La Palma General Employees
Association
La Palma Police Association
La Palma Professional Employees
Association
Unrepresented Employees: Executive Management
CS-3. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION (Pursuant to Government Code section 54956.9(d)(2), (e)(2)) 1 case – Proposed AT&T Tower at 8415 Meadowlark
CS-4. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION (Pursuant to Government Code section 54956.9(d)(1))
Name of Case: Sarkis Tatarian v. City of La Palma, et al.

Case No. OCSC 30-2024-01375931-CU-WM-CJC
OPEN SESSION TO BEGIN AT 6:30 P.M.

PLEDGE OF ALLEGIANCE
Council Member Baker

INVOCATION
Pastor Matthew Agosto, City Church
Council Member Keo Conklin

ROLL CALL

PRESENTATIONS
● Proclamation in Recognition of Korean-American Day
● Presentation to Employee of the Year to Dani Hernandez ● Presentation to Supervisor/Professional Employee of the Year to Jason Hong

January 14, 2025 | 3
ORAL COMMUNICATIONS (Time Limit: 5 Minutes Each)
Time has been reserved at this point in the Agenda for persons wishing to speak on any item that is not listed on the Agenda. By law, the City Council is prohibited from taking action on such oral comments. The matter will be automatically referred to staff for appropriate response or action or will be placed on the Agenda of a future meeting.

Matters listed on the Agenda may be addressed either at this time or at the time they are before the City Council for discussion.

CONSENT CALENDAR
All matters listed under Consent Calendar will be acted upon by one motion affirming the action recommended on the Agenda. There will be no separate discussion on these items prior to voting unless members of the City Council, Staff, or the public request that specific items be removed from the Consent Calendar for separate action. Any member of the public who wishes to discuss a Consent Calendar item should come forward to the microphone and, upon recognition by the Mayor, state their name, address, and the item number.

1. Waive the Reading of All Ordinances
It is recommended that the City Council waive the reading of all Ordinances in their entirety and read by title only.

2. Approval of Council Minutes
It is recommended that the City Council approve the Minutes of the December 10, 2024, Regular Meeting of the City Council.

3. Approval of Register of Demands
It is recommended that the City Council adopt a Resolution approving the Registers of Demands for December 17, 2024, and January 7, 2025.

4. Annual Comprehensive Financial Report (ACFR) for the Fiscal Year Ending June 30, 2024
It is recommended that the City Council receive and file the Annual Comprehensive Financial Report (ACFR) of the City of La Palma for the Fiscal Year ending June 30, 2024.

5. First Quarter Operating Report, Fiscal Year 2024-25
It is recommended that the City Council receive and file the First Quarter

January 14, 2025 | 4
Operating Report, Fiscal Year 2024-25.

6. Resolution Amending the Salary for Part-Time Employees It is recommended that the City Council adopt the attached Resolution amending salaries for certain part-time positions.

7. Award Professional Services Agreement to Willdan Financial Services to Conduct a Water & Sewer Rate Study
It is recommended that the City Council:

1. Award a professional services agreement in an amount not to exceed $43,000 to Willdan Financial Services to prepare a Water and Sewer Rate Study;

2. Authorize a 15% contingency for unforeseen needs; and

3. Authorize the City Manager or his designee to execute all required documents.

8. 2025 Legislative Platform
It is recommended that the City Council adopt the City of La Palma’s 2025 State and Federal Legislative Platform.

9. Appointments to Citizen Committees
It is recommended that the City Council take the following actions:

1. Reappoint Irene Hesse and appoint Janelle Frese to the Community Activities and Beautification (CAB) Committee, both with a four-year term expiring December 31, 2028.

2. Reappoint Rodi Alemendralo, Sergio Alvarez, Henry Lee, and Greg Sambrano and appoint Dee Vincenti to the Development and Circulation Committee (DCC), all with four-year terms expiring December 31, 2028.

PUBLIC HEARINGS

REGULAR ITEMS

10. Council Member Request - Revisit Live Video Streaming of La Palma

January 14, 2025 | 5
Council Meetings
It is recommended that the City Council consider Council Member Keo Conklin's request and discuss the matter.

11. City Council Code of Conduct Policy Discussion
Staff recommends that the City Council adopt the attached resolution approving Policy 1: City Council Code of Conduct.

COUNCIL MEMBER AB1234 REPORTS, REPORTS FROM CITY-AFFILIATED

COMMITTEES, AND COUNCIL REMARKS

CITY MANAGER REMARKS

CITY ATTORNEY REMARKS

ADJOURNMENT
NOTE: As a general rule, staff reports or other written documentation have been prepared or organized with respect to each item of business listed on the agenda. Copies of these materials and other disclosable public records distributed to all or a majority of the members of the City Council in connection with an open session item on the agenda are on file and available for inspection with the Office of the City Clerk, City Hall, 7822 Walker Street, during regular business hours 7:30 A.M. to 6:30 P.M., Monday through Thursday. If such writings are distributed to members of the Council on the day of a City Council meeting, the writings will be available at the entrance to the City Council Chambers. If you have any questions regarding any item of business on the agenda for this meeting, any of the staff reports, or other documentation relating to any agenda item, please contact the City Clerk at (714) 690-3334.

In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, you should contact the City Clerk at (714) 690-3334. Notification 48 hours prior to the meeting will enable the City to make reasonable accommodations to ensure accessibility to this meeting.

Agenda Item No. 1 January 14, 2025 | 1
City of La Palma
Agenda Item No. 1
MEETING DATE: January 14, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Kimberly Kenney, City Clerk
AGENDA TITLE: Waive the reading of all Ordinances
RECOMMENDED ACTION:

It is recommended that the City Council waive the reading of all Ordinances in their entirety and read by title only.

ATTACHMENTS:

None

Agenda Item No. 2 January 14, 2025 | 1
City of La Palma
Agenda Item No. 2
MEETING DATE: January 14, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Kimberly Kenney, City Clerk
AGENDA TITLE: Approval of Council Minutes
RECOMMENDED ACTION:

It is recommended that the City Council approve the Minutes of the December 10, 2024, Regular Meeting of the City Council.

FISCAL IMPACT:

None.

ATTACHMENTS:

1. City Council Minutes 2024-12-10

MINUTES OF THE REGULAR MEETING

OF THE LA PALMA CITY COUNCIL
December 10, 2024
CALL TO ORDER: Mayor Goodman called the Regular Meeting of the La Palma City Council to order at 5:32 p.m. in the Council Chambers of La Palma City Hall, 7822 Walker Street, La Palma, California.

CLOSED SESSION
CS-1. CONFERENCE WITH LABOR NEGOTIATORS
(Pursuant to Government Code section 54957.6)
Agency Designated Representatives: Conal McNamara, City Manager Ryan Hallett, Assistant City Manager
Employee Organizations: La Palma General Employees
Association
La Palma Police Association
La Palma Professional Employees
Association
Unrepresented Employees: Executive Management
CS-2. CONFERENCE WITH LEGAL COUNSEL- EXISTING LITIGATION (Pursuant to paragraph (1) of subdivision (d) of Section 54956.9) Name of Case: Sarkis Tatarian v. City of La Palma, et al.

Case No. OCSC 30-2024-01375931-CU-WM-CJC
CS-3. CONFERENCE WITH REAL PROPERTY NEGOTIATIONS
(Pursuant to Government Code Section 54956.8)
Property: 5022 Crescent Avenue, La Palma, California
Agency negotiator: Conal McNamara, City Manager
Ryan Hallett, Assistant City Manager
Negotiating parties: George Adamian
Under negotiations: Price and/or terms of a purchase

City Council Meeting
December 10, 2024

CS-4. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Government Code Section 54956.9(d)(2), (e)(2), (e)(3): (1 case – Unispec Notice of Potential Claim #1 – attached without enclosures)
CS-5. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION Significant exposure to litigation pursuant to Government Code Section 54956.9(d)(2), (e)(2), (e)(3): (1 case – Unispec Notice of Potential Claim #1 – attached without enclosures)
City Clerk Kenney noted that Item CS-5 will not be heard in Closed Session due to scrivener's error.

Mayor Goodman recessed to Closed Session at 5:33 p.m.

Mayor Goodman adjourned Closed Session at 6:13 p.m.

OPEN SESSION TO BEGIN AT 6:30PM
Mayor Goodman reconvened the City Council in Open Session at 6:30p.m. and asked for a report out of Closed Session.

City Attorney Thind noted that there were no reportable actions out of Closed Session and repeated that Item CS-5 was not heard in Closed Session.

PLEDGE OF ALLEGIANCE: Mayor Pro Tem Waldman
INVOCATION: Pastor Steve Bland, La Palma Christian Center ROLL CALL: Council Members
Council Members present: Council Member Baker, Council Member Conklin, Mayor Goodman, Council Member Patel, and Mayor
Pro Tem Waldman
Council Members absent: None

City Council Meeting
December 10, 2024

City Officials present: Conal McNamara, City Manager
Ajit Thind, City Attorney
Belinda Deines, Community Development Manager
Ryan Hallett, Assistant City Manager
Andy Ramirez, Public Works & Community Services
Director
Joe Guerrero, Police Chief
Kimberly Kenney, City Clerk
PROCEDURAL ITEMS (2 ITEMS)
PI-1 Resolution Declaring Results of the November 5, 2024, General Municipal Election

1. Adopt Resolution No. 2024-47 reciting the facts of the General Municipal Election held on November 5, 2024, and declaring the results; adopt Initiative Ordinance 2024-03, affirming voter approved Measure W regarding limiting term limits of council members to three terms with a four-year cooling-off period and a sunset provision in the event that the City returns to at-large elections.

Council Member Patel made a motion to adopt Resolution No. 2024-47 reciting the facts of the General Municipal Election held on November 5, 2024, and declaring the results; adopted Initiative Ordinance 2024-03, affirming voter approved Measure W regarding limiting term limits of Council Members to three terms with a four-year cooling-off period and sunset provision in the event that the City returns to at-large elections.

The motion was seconded by Mayor Pro Tem Waldman and carried on the following vote:

AYES: Council Member Baker, Council Member
Conklin, Mayor Goodman, Council Member
Patel, and Mayor Pro Tem Waldman
NOES: None

2. Conduct presentations to outgoing Mayor Marshall Goodman Council Member Patel presented a plaque to outgoing Mayor Goodman in recognition for his 8 years of dedicated service and his role as Mayor for the City of La Palma.

City Council Meeting
December 10, 2024

Cerritos Mayor Pro Tem Vo presented a proclamation to outgoing Mayor Goodman in recognition of his 8 years of dedicated service.

Cal Cities Public Affairs Manager Connor Median presented a joint resolution from the California Senate and Assembly to outgoing Mayor Goodman in recognition of his 8 years of dedicated service.

Outgoing Mayor Goodman thanked his family, City Council colleagues, City Staff for their support. He recognized and thanked the staff leadership and Boards from the California Joint Powers Insurance Authority (CJPIA), the Orange County Sanitation District (OC San); the Southern California Association of Governments (SCAG), and the League of California Cities (Cal Cities) for their support during his tenure.

3. City Clerk Kenney administered the official Oath of Office and Induction to newly elected Debbie S. Baker for District 1, Vikesh P. Patel for District 3, and Mark I. Waldman for District 5.

PI-2 City Council Reorganization
The City Council conducted its annual reorganization by selecting the positions of Mayor and Mayor Pro Tem.

City Clerk Kenney opened the floor to nominations for Mayor.

Council Member Nitesh Patel nominated Mayor Pro Tem Waldman for Mayor.

The motion nominating Mayor Pro Tem Waldman for Mayor carried on the vote:

AYES: Council Member Baker, Council Member
Conklin, Council Member Nitesh Patel, Council
Member Vikesh Patel, and Mayor Pro Tem
Waldman
NOES: None
City Clerk Kenney passed the nominations for Mayor Pro Tem over to newly appointed Mayor Waldman.

Mayor Waldman opened the floor to nominations for Mayor Pro Tem.

Mayor Waldman nominated Council Member Nitesh Patel for Mayor Pro Tem.

The motion was seconded by Council Member Baker.

City Council Meeting
December 10, 2024

Council Member Conklin nominated herself for Mayor Pro Tem. The motion failed for lack of a second.

The motion for Council Member Nitesh Patel as for Mayor carried on the following vote:

AYES: Council Member Baker, Council Member Nitesh
Patel, Council Member Vikesh Patel, and Mayor
Waldman
NOES: Council Member Conklin
PRESENTATIONS:

None Scheduled.

ORAL COMMUNICATIONS
Jack Amsell, a La Palma resident, noted his appreciation for the veteran's event hosted Council Member Conklin; congratulated Mayor Waldman on his appointment; thanked the entire City Council for their service; asked the City Council for more support of the City's senior community.

CONSENT CALENDAR

1. Waive the Reading of All Ordinances
Waive the reading of all Ordinances in their entirety and read by title only.

2. Approval of Council Minutes
Minutes of the November 5, 2024, Regular Meeting of the City Council.

3. Approval of Register of Demands
Adopt Resolution No. 2024-48 approving the Register of Demands for November 19, 2024, and December 3, 2024.

City Council Meeting
December 10, 2024

4. Contract Amendment for Grant Writing and Funding Advocacy Consulting Services
Authorize the City Manager to execute a contract amendment with Townsend Public Affairs for grant writing and funding advocacy consulting services, extending the contract term through December 31, 2026.

5. Notice of Completion and Acceptance of Work for Notice of Completion for Zone 7 Slurry Seal Improvements
Accept the work and authorize the Public Works and Community Services Director to file the Notice of Completion and Acceptance of Work with the Orange County Recorder for the Zone 7 Slurry Seal Project, City Project No.

ST-373.

6. Second Reading and Adoption of an Ordinance Amending Portions of the City Zoning Code (Chapter 44 of the La Palma Municipal Code) for Parking, Signage, and Housing Definitions in Compliance with State Housing Laws and the City's Housing Element
Conduct the second reading and adopt Ordinance 2024-04 amending portions of the City Zoning Code (Chapter 44 of the La Palma Municipal Code) for parking, signage, and housing definitions in compliance with State Housing Laws and the City’s Housing Element.

CEQA exempt pursuant to Section 15060(c)(2) and 15061(b)(3)

7. Water Staffing Augmentation Update
Authorize the City Manager to allocate up to an additional $50,000 for water staff augmentation services with Water Workforce.

8. Additional Budget Appropriation for the Various Median Islands Project

1. Appropriate additional construction funding in the amount $291,000; and

2. Authorize the City Manager or his designee to execute all necessary change order expenditures within the requested amount.

9. Request for City Clerk/Executive Assistant Position Overhire and Compensation and Classification Plan Adjustment

City Council Meeting
December 10, 2024

1. Approve an overhire for the City Clerk/Executive Assistant position; and

2. Adopt a Resolution amending the Memorandum of Understanding and Salary Schedule for the La Palma Professional Employees Association and the Management Employees Personnel Resolution; and

3. Adopt a Resolution amending the Fiscal Year 2024-25 Adopted Budget to include a salary adjustment for the City Clerk/Executive Assistant position and funding for the temporary addition of a full-time equivalent.

City Manager McNamara announced that Item 9 is being tabled and will come back to the City Council at a future meeting.

Mayor Pro Tem Patel made a motion to approve Consent Calendar Items 1 through 8.

The motion was seconded by Council Member Baker and carried on the following vote:

AYES: Council Member Baker, Council Member Conklin,
Mayor Pro Tem Nitesh Patel, Council Member Vikesh
Patel, and Mayor Waldman
NOES: None

PUBLIC HEARINGS
None Scheduled.

REGULAR ITEMS (1 ITEM)

10. Appointments to External Committees and Internal Subcommittees Mayor Waldman discussed the External Committee and Internal Committee appointments pursuant to revised Council Policy 1 – City Council Norms and appoint Representatives and Alternates, and drafted a list of appointments to the external committees as follows:

The representative to the CJPIA will be Mayor Pro Tem Nitesh Patel and Mayor Waldman as the Alternate;
The representative to the Orange County Fire Authority (OCFA) Board of Directors will be Mayor Pro Tem Nitesh Patel with no Alternate;

City Council Meeting
December 10, 2024

The representative to the Orange County Sanitation District (OC San) will be Council Member Baker and Council Member Vikesh Patel as the Alternate; The representative to the Orange County Mosquito and Vector Control District (OCMVCD) – a two year appointment – will be Council Member Baker; The representative to the Municipal Water District of Orange County (MWDOC) will be Council Member Conklin and Mayor Waldman as the Alternate; The representative to the Orange County Library Advisory Board (OCLAB) will be Council Member Vikesh Patel with no Alternate; and
The representative to the Southern California Association of Governments (SCAG) General Assembly will be Council Member Baker.

As to the Internal SubCommittees, Mayor Waldman drafted a list of appointments as follows:

The Mayor and Mayor Pro Tem will serve on the Business Task Force; The Mayor and Mayor Pro Tem will serve on the Public School Liaison Committee;
The Mayor and Mayor Pro Tem will serve on the Council Policy Subcommittee;
Mayor Pro Tem Nitesh Patel and Council Baker will serve on the Business Engagement Ad Hoc Committee;
Council Member Conklin will server on the Homeless SubCommittee (Bridges at Kraemer Place); and
Mayor Pro Tem Nitesh Patel and Council Member Baker will serve on the Economic Development/Land Use Advisory Ad Hoc Committee.

Council Member Vikesh Patel made a motion to approve the External Committee and Internal Committee appointments as drafted, excluding the appointment to the OCFA Board of Directors. The motion was seconded by Council Member Baker and carried on the following vote:

AYES: Council Member Baker, Council Member
Conklin, Mayor Pro Tem Nitesh Patel, Council
Member Vikesh Patel, and Mayor Waldman

City Council Meeting
December 10, 2024

NOES: None
Council Member Baker made a motion to approve Resolution No. 2024-49 appointing Mayor Pro Tem Nitesh Patel as the Representative to the OCFA Board of Directors and Mayor Waldman as the Alternate. The motion was seconded by Mayor Pro Tem Nitesh Patel and carried on the following vote:

AYES: Council Member Baker, Council Member
Conklin, Mayor Pro Tem Nitesh Patel, Council
Member Vikesh Patel, and Mayor Waldman
NOES: None
COUNCIL MEMBER AB1234 REPORTS, REPORTS FROM CITY-AFFILIATED

COMMITTEES, AND COUNCIL REMARKS
Council Member Keo Conklin apologized to staff, that it was not her intention to offend Staff from the dais at the last meeting; that she nominated herself for Mayor Pro Tem because Measure W was passed and that traditionally all Council Members rotate; that the Mayor Pro Tem position is a learning position; that she's hosted an Asian-American Heritage month ceremony and Veteran's event; that with Measure W and now two brothers on the City Council, that transparency is key and since their names are so similar, it would be best to video this meeting while also being in compliance; that for our seniors, she proposed greater transparency with the addition of Video and Audio, and asked to get this matter on the next agenda; congratulated Mayor Pro Tem Nitesh Patel on his appointment and Mayor Waldman on his appointment; congratulated Council Member Baker, Council Member Vikesh Patel, and Mayor Waldman on their successful election; and congratulated Congressman Derek Tran on his election.

Council Member Baker attended the OC San Operations Committee Meeting; Orange County Older Adults Advisory Commission (OC OAAC) Meeting; the OCMVCD Joint Committee Meeting (Budget & Finance Committee and Building, Property, and Equipment Committee); The Area Agency on Aging (AAA) Council of California (TACC); the Cal Cities Orange County Division Board of Directors Meeting; the Cal Cities Department Orientation; OC San Board of Directors Meeting; Cal Cities League Leaders Workshop Briefing; the OCMVCD Board of Trustees Meeting; the Cal Cities League Leaders Workshop; the annual Employee Recognition Luncheon; congratulated Assistant City Manager Hallett and Deputy City Manager Cisneros for their awards they received at the Municipal Management Association of Southern California (MMASC) Conference; thanked outgoing OCFA Chief Dohman for his years of service; and thanked outgoing Mayor Goodman for his dedicated 8 years of service.

City Council Meeting
December 10, 2024

Council Member Vikesh Patel attended the Holiday Tree lighting ceremony; the annual Employee Recognition Luncheon; and thanked his family for their support during his election.

Mayor Pro Tem Nitesh Patel attended the Holiday Tree lighting ceremony; the annual Employee Recognition Luncheon; thanked the City Council for putting their trust in him for being nominated and appointed as Mayor Pro Tem; congratulated Mayor Waldman on his appointment; congratulated Assistant City Manager Hallett and Deputy City Manager Cisneros for their awards they received at the Municipal Management Association of Southern California (MMASC) Conference; thanked OCFA Chief Dohman for his outstanding service and congratulated him on his retirement; and congratulated outgoing Mayor Goodman for his 8 years of dedicated service.

Mayor Waldman attended the Holiday Tree lighting; the annual Employee recognition luncheon; and thanked his family and friends for their support during the election.

CITY MANAGER REMARKS
City Manager McNamara thanked outgoing Mayor Goodman for his dedicated 8 years of service; that he appreciates the friendship and leadership shown to him and the City; and wished everyone a happy holidays and new year.

CITY ATTORNEY REMARKS
City Attorney Thind wished everyone a happy holiday season

ADJOURNMENT
Mayor Waldman adjourned the Regular Meeting of the City Council at 7:28 p.m. _________________________
Mark Waldman
Mayor
ATTEST:
_________________________
Kimberly Kenney, CMC
City Clerk

Agenda Item No. 3 January 14, 2025 | 1
City of La Palma
Agenda Item No. 3
MEETING DATE: January 14, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Ryan Hallett, Assistant City Manager
AGENDA TITLE: Register of Demands
RECOMMENDED ACTION:

It is recommended that the City Council adopt a Resolution approving the Registers of Demands for December 17, 2024, and January 7, 2025.

Summary:

The laws of the State of California governing General Law Cities and the La Palma Municipal Code provide that the City Council shall approve all payments made by the City.

A Register of Demands is provided at each City Council Meeting describing each payment made or to be made by the City during the specified period.

Fiscal Impact:

Sufficient funds are available to process all payments.

ATTACHMENTS:

1. Resolution Adopting Warrant Registers

Resolution No. 2025-__

RESOLUTION NO. 2025-__

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

LA PALMA APPROVING THE REGISTERS OF DEMANDS
FOR DECEMBER 17, 2024, AND JANUARY 7, 2027.

WHEREAS, certain financial obligations are due and payable by the City of La Palma, a General Law City, as of December 17, 2024, and January 7, 2025; and WHEREAS, the laws of the State of California governing General Law Cities and the Municipal Code of La Palma provide that the City Council of a General Law City shall approve all payments by said City from the various established funds of said City; and WHEREAS, the City Manager and the City Council of the City of La Palma have ascertained that the following lists of obligations as submitted by the City of La Palma are paid or legally due and payable by the City.

NOW, THEREFORE, BE IT RESOLVED that the City Council of La Palma hereby approves the attached Registers of Demands dated December 17, 2024, and January 7, 2025, and incorporated herein by reference.

APPROVED AND ADOPTED by the City Council of the City of La Palma at a regular meeting held on the 14th day of January, 2025.
________________________________
Mark I. Waldman
Mayor
ATTEST:
______________________________
Kimberly Kenney, CMC
City Clerk

Resolution No. 2025-__

STATE OF CALIFORNIA )

COUNTY OF ORANGE ) SS

CITY OF LA PALMA )
I, KIMBERLY KENNEY, City Clerk of the City of La Palma, California, DO HEREBY CERTIFY that the foregoing resolution was adopted by the City Council of said City at a regular meeting of said City Council held on the 14th day of January, 2025, and that it was so adopted by called vote as follows:

AYES:

NOES:
________________________________
Kimberly Kenney, CMC
City Clerk

12/12/2024 5:50:19 PM Page 1 of 13
Warrant Register
City of La Palma By Vendor Name
Post Dates 12/4/2024 - 12/17/2024
Approval
Reviewed by
Ryan Hallett - Assistant City Manager
Conal McNamara - City Manager

Warrant Register Post Dates: 12/4/2024 - 12/17/2024
12/12/2024 5:50:19 PM Page 2 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 01024 - ABLE BUILDING MAINTENANCE CO
OCT'24 JANITORIAL 172.23

SERVICES/CY
12/17/2024 APA001987 ABLE BUILDING MAINTENANC…
12/17/2024 APA001987 ABLE BUILDING MAINTENANC…OCT'24 JANITORIAL SERVICES/ 1,138.83 OCT'24 JANITORIAL 1,827.73

SERVICES/PD
12/17/2024 APA001987 ABLE BUILDING MAINTENANC…
OCT'24 JANITORIAL 3,861.05

SERVICES/REC
12/17/2024 APA001987 ABLE BUILDING MAINTENANC…
Vendor 01024 - ABLE BUILDING MAINTENANCE CO Total: 6,999.84 Vendor: 01037 - ADMIRAL PEST CONTROL INC
12/17/2024 APA001988 ADMIRAL PEST CONTROL INC 10/23 PEST CONTROL/EROW 195.00 12/17/2024 APA001988 ADMIRAL PEST CONTROL INC 11/22 PEST CONTROL/CY 175.00 11/22 PEST CONTROL/5410 LA 53.00
PALMA
12/17/2024 APA001988 ADMIRAL PEST CONTROL INC
12/17/2024 APA001988 ADMIRAL PEST CONTROL INC 11/22 PEST CONTROL/CH 164.00 12/17/2024 APA001988 ADMIRAL PEST CONTROL INC 11/22 PEST CONTROL/WW 105.00 12/17/2024 APA001988 ADMIRAL PEST CONTROL INC 11/22 PEST CONTROL/EROW 195.00 12/17/2024 APA001988 ADMIRAL PEST CONTROL INC 11/22 PEST CONTROL/CP 152.00 Vendor 01037 - ADMIRAL PEST CONTROL INC Total: 1,039.00 Vendor: 05750 - ADRIANA MCDONOUGH
11/23 COMM CTR DEPOSIT 300.00
RFD
12/17/2024 APA002018 ADRIANA MCDONOUGH
Vendor 05750 - ADRIANA MCDONOUGH Total: 300.00
Vendor: 01047 - AFLAC
12/17/2024 APA001989 AFLAC NOV'24 AFLAC/PD 384.88
12/17/2024 APA001989 AFLAC DEC'24 AFLAC INS PREM W/H 261.00 Vendor 01047 - AFLAC Total: 645.88
Vendor: 01009 - AKAL CONSULTANTS
12/4 PROF ENG SVCS/DEL AMO 1,280.00
BRIDGE/ST-360
12/17/2024 APA001990 AKAL CONSULTANTS
12/4 PROF ENG SVCS/DEL AMO 3,840.00
BRIDGE/ST-360
12/17/2024 APA001990 AKAL CONSULTANTS
12/17/2024 APA001990 AKAL CONSULTANTS NOV'24 PROF ENG SVCS/PW 7,360.00 Vendor 01009 - AKAL CONSULTANTS Total: 12,480.00
Vendor: 01067 - ALLIANT INSURANCE SVCS INC
12/17/2024 39744 ALLIANT INSURANCE SVCS INC JUL-SEP'24 LIABILITY INS/REC 244.00 Vendor 01067 - ALLIANT INSURANCE SVCS INC Total: 244.00 Vendor: 01015 - AT&T
11/13#523-2193 T1/CH - 369.44
BAN:9391033969
12/17/2024 39745 AT&T
11/15#690-3922 RV PERMIT 36.64
LINE - BAN:9391033973
12/17/2024 39745 AT&T
11/25#826-6272 59.77

TELEMETRY/WTR -
BAN:9391033974
12/17/2024 39745 AT&T
12/4#523-4309 EOC LINES/PD- 245.76
BAN 9391033970
12/17/2024 39745 AT&T
12/4#523-7351 FAX/PD -BAN 32.52
9391033971
12/17/2024 39745 AT&T
12/1#995-1569 WALKER ST 30.65
SYNCH- BAN 9391033976
12/17/2024 39745 AT&T
11/13#339/342-4813 T1/PD - 155.55
BAN:9391033966
12/17/2024 39745 AT&T
10/20-11/19 800MHZ 1,216.40
OCSD/PD - BAN:9391064973
12/17/2024 39745 AT&T
Vendor 01015 - AT&T Total: 2,146.73
Vendor: 01171 - B L WALLACE DISTRIBUTOR INC
12/17/2024 APA001992 B L WALLACE DISTRIBUTOR INC 12/3 MTR BOX LIDS/WTR 17.61 Vendor 01171 - B L WALLACE DISTRIBUTOR INC Total: 17.61

Warrant Register Post Dates: 12/4/2024 - 12/17/2024
12/12/2024 5:50:19 PM Page 3 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 04030 - BRAD STENE
11/19-21 CHEM AGENT 151.28

TRNG/PD
12/17/2024 2227 BRAD STENE
Vendor 04030 - BRAD STENE Total: 151.28
Vendor: 01241 - BUENA PARK POSTMASTER
12/17/2024 39746 BUENA PARK POSTMASTER BULK MAIL PERMIT #49/REC 350.00 Vendor 01241 - BUENA PARK POSTMASTER Total: 350.00
Vendor: 01251 - C D W GOVERNMENT INC
12/17/2024 APA001993 C D W GOVERNMENT INC (3)SurfacePro Laptops 5,607.22 (1)OFFICE 462.97

PRINTER&SCANNER/CLERK
12/17/2024 APA001993 C D W GOVERNMENT INC
Vendor 01251 - C D W GOVERNMENT INC Total: 6,070.19
Vendor: 01272 - CA PARK & RECREATION SOCIETY
2025 CPRS DUES/REC 720.00

COORD&CS SUPV
12/17/2024 APA001994 CA PARK & RECREATION SOCI…
Vendor 01272 - CA PARK & RECREATION SOCIETY Total: 720.00 Vendor: 05610 - CAMILLE VALLEY
12/17/2024 APA002037 CAMILLE VALLEY 11/11-11/25 BALLET & TAP 182.00 Vendor 05610 - CAMILLE VALLEY Total: 182.00
Vendor: 02669 - CHARTER COMMUNICATIONS
11/11-12/10 Internet SVC/CH- 425.10
Account No. 188679701
12/17/2024 39749 CHARTER COMMUNICATIONS
Vendor 02669 - CHARTER COMMUNICATIONS Total: 425.10
Vendor: 05455 - CHARTER COMMUNICATIONS
11/11-12/10 Internet SVC/CY - 1,132.47
Account No.188679101
12/17/2024 39747 CHARTER COMMUNICATIONS
11/11-12/10 Internet SVC/CY - 485.34
Account No.188679101
12/17/2024 39747 CHARTER COMMUNICATIONS
Vendor 05455 - CHARTER COMMUNICATIONS Total: 1,617.81
Vendor: 05456 - CHARTER COMMUNICATIONS
11/11-12/10 INTERNET 719.00
SVC/WW -ACCT#188678801
12/17/2024 39748 CHARTER COMMUNICATIONS
Vendor 05456 - CHARTER COMMUNICATIONS Total: 719.00
Vendor: 03604 - CINTAS CORPORATION
12/17/2024 APA001995 CINTAS CORPORATION 11/21 UNIFORM SHIRTS/PW 117.59 12/17/2024 APA001995 CINTAS CORPORATION 11/21 UNIFORM SHIRTS/PW 117.59 12/17/2024 APA001995 CINTAS CORPORATION 11/21 UNIFORM SHIRTS/PW 176.43 12/17/2024 APA001995 CINTAS CORPORATION 11/27 UNIFORM SVC/PW 34.77 12/17/2024 APA001995 CINTAS CORPORATION 11/27 UNIFORM SVC/PW 34.77 12/17/2024 APA001995 CINTAS CORPORATION 11/27 UNIFORM SVC/PW 38.43 Vendor 03604 - CINTAS CORPORATION Total: 519.58
Vendor: 01356 - CITY OF LA PALMA FLEXIBLE
Flexible Spending 98.07
Contributions - Medical
12/12/2024 39741 CITY OF LA PALMA FLEXIBLE
Vendor 01356 - CITY OF LA PALMA FLEXIBLE Total: 98.07
Vendor: 05747 - CITYGREEN CONSULTING LLC
OWR1 CONSULTING SVCS 150.00
#1/PW
12/17/2024 APA001996 CITYGREEN CONSULTING LLC
Vendor 05747 - CITYGREEN CONSULTING LLC Total: 150.00
Vendor: 01368 - CIVICPLUS
NOV'24 CC MTG CLOSED 490.37

CAPTIONING/ADM
12/17/2024 APA001997 CIVICPLUS
Vendor 01368 - CIVICPLUS Total: 490.37
Vendor: 05706 - COLANTUONO HIGHSMITH & WHATLEY PC
12/17/2024 APA001998 COLANTUONO HIGHSMITH &… NOV'24 RETAINER 9,020.00 11/6-19 ATTY SVCS/PTCHESS- 3,761.95

POLICE MATTERS
12/17/2024 APA001998 COLANTUONO HIGHSMITH &…

Warrant Register Post Dates: 12/4/2024 - 12/17/2024
12/12/2024 5:50:19 PM Page 4 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount 11/6-25 ATTY SVCS/PRA 2,574.80

REQUESTS
12/17/2024 APA001998 COLANTUONO HIGHSMITH &…
10/29-11/25 ATTY 393.90

SVCS/TELECOM MATTERS
12/17/2024 APA001998 COLANTUONO HIGHSMITH &…
11/19-20 ATTY 136.00

SVCS/LITIGATION MATTERS
12/17/2024 APA001998 COLANTUONO HIGHSMITH &…
11/1-27 ATTY SVCS/PW & 5,657.60

UTILITIES
12/17/2024 APA001998 COLANTUONO HIGHSMITH &…
12/17/2024 APA001998 COLANTUONO HIGHSMITH &… 11/20 ATTY SVCS/TERM LIMITS 54.40 11/5-21 ATTY SVCS/TATARIAN 455.00

V CITY OF LA PALMA
12/17/2024 APA001998 COLANTUONO HIGHSMITH &…
Vendor 05706 - COLANTUONO HIGHSMITH & WHATLEY PC Total: 22,053.65 Vendor: 04769 - CONAL MCNAMARA
JUL'24-NOV'24 WELLNESS 174.25

REIMB/CM
12/17/2024 2225 CONAL MCNAMARA
Vendor 04769 - CONAL MCNAMARA Total: 174.25
Vendor: 04325 - CONVERGINT TECHNOLOGIES LLC
11/5 SECURITY SYSTEM 1,455.50

MAINT/CY
12/17/2024 APA001999 CONVERGINT TECHNOLOGIES …
Vendor 04325 - CONVERGINT TECHNOLOGIES LLC Total: 1,455.50 Vendor: 04388 - CROSSTOWN ELECTRICAL & DATA INC
12/17/2024 APA002000 CROSSTOWN ELECTRICAL & D… JUN'24 SIGNAL RPR/PW 12,515.60 12/17/2024 APA002000 CROSSTOWN ELECTRICAL & D… SEP'24 SIGNAL RPR/PW 708.00 12/17/2024 APA002000 CROSSTOWN ELECTRICAL & D… NOV'24 SIGNAL MAINT/PW 1,260.00 Vendor 04388 - CROSSTOWN ELECTRICAL & DATA INC Total: 14,483.60 Vendor: 04387 - DOG WASTE DEPOT
11/22 (4)CASES DOG WASTE 85.87

BAGS/PW
12/17/2024 APA002001 DOG WASTE DEPOT
Vendor 04387 - DOG WASTE DEPOT Total: 85.87
Vendor: 05624 - E&R CONSTRUCTION INC
10/21 EMERG WTR RPR/7152 6,177.28

RAMPART
12/17/2024 APA002002 E&R CONSTRUCTION INC
Vendor 05624 - E&R CONSTRUCTION INC Total: 6,177.28
Vendor: 05071 - FLEETCOR TECHNOLOGIES INC - ARCO
12/04/2024 DFT0009428 FLEETCOR TECHNOLOGIES INC…12/3 GASOLINE/PD 214.97 12/04/2024 DFT0009428 FLEETCOR TECHNOLOGIES INC…12/3 GASOLINE/PW 407.46 12/04/2024 DFT0009428 FLEETCOR TECHNOLOGIES INC…12/3 GASOLINE/REC 116.10 12/04/2024 DFT0009428 FLEETCOR TECHNOLOGIES INC…12/3 GASOLINE/CD 122.32 Vendor 05071 - FLEETCOR TECHNOLOGIES INC - ARCO Total: 860.85 Vendor: 01631 - FRANCHISE TAX BOARD
12/12/2024 DFT0009418 FRANCHISE TAX BOARD State Tax Withholding 12.32 12/12/2024 DFT0009424 FRANCHISE TAX BOARD State Tax Withholding 79.86 12/12/2024 DFT0009442 FRANCHISE TAX BOARD State Tax Withholding 55.86 12/12/2024 DFT0009458 FRANCHISE TAX BOARD State Tax Withholding 9,708.86 Vendor 01631 - FRANCHISE TAX BOARD Total: 9,856.90
Vendor: 01639 - G D C COMMUNICATIONS
12/17/2024 APA002003 G D C COMMUNICATIONS 12/4 SOUND/TREE LIGHTING 375.00 Vendor 01639 - G D C COMMUNICATIONS Total: 375.00
Vendor: 04276 - G M T
10/17 REROUTE SCADA HDMI 315.00

CABLE/CY
12/17/2024 APA002004 G M T
12/17/2024 APA002004 G M T 8/4 ETHERNET CABLE RUNS/PD 705.00 Vendor 04276 - G M T Total: 1,020.00
Vendor: 01649 - GALLS - QUARTERMASTER
12/17/2024 APA002005 GALLS - QUARTERMASTER 11/26 (7)VEST POUCH/PD 127.24 Vendor 01649 - GALLS - QUARTERMASTER Total: 127.24

Warrant Register Post Dates: 12/4/2024 - 12/17/2024
12/12/2024 5:50:19 PM Page 5 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 01679 - GOVERNMENTAL FINANCIAL SVCS
NOV'24 ACCOUNTING 4,991.25

SVCS/FIN
12/17/2024 2223 GOVERNMENTAL FINANCIAL …
NOV'24 ACCOUNTING 3,176.25

SVCS/FIN
12/17/2024 2223 GOVERNMENTAL FINANCIAL …
NOV'24 ACCOUNTING 2,145.00

SVCS/FIN
12/17/2024 2223 GOVERNMENTAL FINANCIAL …
NOV'24 ACCOUNTING 907.50

SVCS/FIN
12/17/2024 2223 GOVERNMENTAL FINANCIAL …
Vendor 01679 - GOVERNMENTAL FINANCIAL SVCS Total: 11,220.00 Vendor: 05303 - HEALTH AND HUMAN RESOURCES CENTER INC
12/17/2024 APA002007 HEALTH AND HUMAN RESOU… JAN'25 EAP 129.60 Vendor 05303 - HEALTH AND HUMAN RESOURCES CENTER INC Total: 129.60 Vendor: 01727 - HINDERLITER DE LLAMAS & ASSOC
12/17/2024 APA002008 HINDERLITER DE LLAMAS & A… OCT-DEC'24 SALES TAX SVCS 1,367.76 Vendor 01727 - HINDERLITER DE LLAMAS & ASSOC Total: 1,367.76 Vendor: 02642 - HOME DEPOT
12/17/2024 APA002009 HOME DEPOT 11/21 SUPPLIES/WTR 47.35 11/21 JANITORIAL 64.56

SUPPLIES/PW
12/17/2024 APA002009 HOME DEPOT
12/17/2024 APA002009 HOME DEPOT 11/20 BATTERY/LP-22 156.00 12/17/2024 APA002009 HOME DEPOT 11/20 SUPPLIES/PW 86.18 11/20 BATTERY DEPOSIT -15.00
RFD/LP-22
12/17/2024 APA002009 HOME DEPOT
12/17/2024 APA002009 HOME DEPOT 11/19 OFFICE SUPPLIES/PD 10.84 12/17/2024 APA002009 HOME DEPOT 11/19 OFFICE SUPPLIES/PD 68.83 12/17/2024 APA002009 HOME DEPOT 11/19 OFFICE SUPPLIES/PD 53.75 11/27 SUPPLIES/TREE 232.93

LIGHTING
12/17/2024 APA002009 HOME DEPOT
12/17/2024 APA002009 HOME DEPOT 11/27 SUPPLIES/PW 45.52 11/27 SUPPLIES/TREE 37.68

LIGHTING
12/17/2024 APA002009 HOME DEPOT
11/27 SUPPLIES/TREE 132.18

LIGHTING
12/17/2024 APA002009 HOME DEPOT
12/17/2024 APA002009 HOME DEPOT 11/6 SUPPLIES/REC 26.87 11/25 SUPPLIES/TREE 41.96

LIGHTING
12/17/2024 APA002009 HOME DEPOT
Vendor 02642 - HOME DEPOT Total: 989.65
Vendor: 05649 - INFINITY TECHNOLOGIES
12/17/2024 APA002011 INFINITY TECHNOLOGIES NOV'24 IT SVCS 13,083.00 12/17/2024 APA002011 INFINITY TECHNOLOGIES NOV'24 SENTINEL ONE 658.00 12/17/2024 APA002011 INFINITY TECHNOLOGIES NOV'24 DUO 99.00 Vendor 05649 - INFINITY TECHNOLOGIES Total: 13,840.00
Vendor: 01764 - INTERNAL REVENUE SERVICE
12/12/2024 DFT0009417 INTERNAL REVENUE SERVICE Federal Tax Withholding 22.40 12/12/2024 DFT0009419 INTERNAL REVENUE SERVICE Medicare 5.88 12/12/2024 DFT0009423 INTERNAL REVENUE SERVICE Federal Tax Withholding 175.74 12/12/2024 DFT0009425 INTERNAL REVENUE SERVICE Medicare 25.84 12/12/2024 DFT0009441 INTERNAL REVENUE SERVICE Federal Tax Withholding 120.11 12/12/2024 DFT0009443 INTERNAL REVENUE SERVICE Medicare 17.48 12/12/2024 DFT0009457 INTERNAL REVENUE SERVICE Federal Tax Withholding 25,892.43 12/12/2024 DFT0009459 INTERNAL REVENUE SERVICE Medicare 6,405.93 Vendor 01764 - INTERNAL REVENUE SERVICE Total: 32,665.81 Vendor: 01775 - IRON MOUNTAIN
12/17/2024 APA002012 IRON MOUNTAIN DEC'24 RECORDS STORAGE 317.00 Vendor 01775 - IRON MOUNTAIN Total: 317.00

Warrant Register Post Dates: 12/4/2024 - 12/17/2024
12/12/2024 5:50:19 PM Page 6 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 05140 - JACOB GREEN & ASSOCIATES INC
11/19 & 11/21 EXECUTIVE 500.00

COACHING SVCS/CS
12/17/2024 APA002006 JACOB GREEN & ASSOCIATES …
Vendor 05140 - JACOB GREEN & ASSOCIATES INC Total: 500.00 Vendor: 01832 - JANIS TAMAYO
12/17/2024 APA002033 JANIS TAMAYO 11/23 PAVILION DEPOSIT RFD 200.00 Vendor 01832 - JANIS TAMAYO Total: 200.00
Vendor: 05675 - JOHNNY ALLEN TENNIS ACADEMY
11/7-11/21 INTRO TO 345.15

PICKLEBALL
12/17/2024 APA002013 JOHNNY ALLEN TENNIS ACAD…
11/7-11/21 BIG BALLERS 57.85

PICKLEBALL
12/17/2024 APA002013 JOHNNY ALLEN TENNIS ACAD…
Vendor 05675 - JOHNNY ALLEN TENNIS ACADEMY Total: 403.00 Vendor: 04039 - JOSEPH CISNEROS
1/16-11/15/24 WELLNESS 455.20

REIMB/ATCM
12/17/2024 2222 JOSEPH CISNEROS
NOV'24 WELLNESS 44.80

REIMB/ATCM
12/17/2024 2222 JOSEPH CISNEROS
Vendor 04039 - JOSEPH CISNEROS Total: 500.00
Vendor: 05505 - JOSEPH L INDRAWAN
12/17/2024 APA002010 JOSEPH L INDRAWAN SEP'24 PROF ENG SVCS/PW 1,625.00 12/17/2024 APA002010 JOSEPH L INDRAWAN OCT'24 PROF ENG SVCS/PW 1,437.50 Vendor 05505 - JOSEPH L INDRAWAN Total: 3,062.50
Vendor: 05749 - JOYCE WANG
12/17/2024 APA002038 JOYCE WANG 12942 LESS CANCELLATION FEE -11.00 12/17/2024 APA002038 JOYCE WANG 12942 ZUMBA RFD 55.00
Vendor 05749 - JOYCE WANG Total: 44.00
Vendor: 03684 - JUSTIN BRAASCH
11/19-21 CHEM AGENT 184.38

TRNG/PD
12/17/2024 2221 JUSTIN BRAASCH
Vendor 03684 - JUSTIN BRAASCH Total: 184.38
Vendor: 05331 - KIDZ TALENT ACADEMY
11/12-11/26 GYMNASTICS & 70.20

TUMBLING
12/17/2024 APA002014 KIDZ TALENT ACADEMY
11/12-11/26 BASKETBALL 383.50

SKILLS & DRILLS
12/17/2024 APA002014 KIDZ TALENT ACADEMY
Vendor 05331 - KIDZ TALENT ACADEMY Total: 453.70
Vendor: 01957 - KONICA MINOLTA BUSINESS
SEP-NOV'24 FLEET 1,185.78

AGGREGATE BASE
12/17/2024 APA002015 KONICA MINOLTA BUSINESS
Vendor 01957 - KONICA MINOLTA BUSINESS Total: 1,185.78
Vendor: 01959 - KONICA MINOLTA PREMIER
11/15-12/14 COPIER 598.50

RENTAL/CH,PD,REC
12/17/2024 APA002016 KONICA MINOLTA PREMIER
Vendor 01959 - KONICA MINOLTA PREMIER Total: 598.50
Vendor: 01975 - L P G E A
12/12/2024 39740 L P G E A LPGEA Dues Withheld 198.00
Vendor 01975 - L P G E A Total: 198.00
Vendor: 01988 - LA PALMA POLICE ASSN
12/12/2024 39742 LA PALMA POLICE ASSN LPPA Dues Withheld 1,256.11 Vendor 01988 - LA PALMA POLICE ASSN Total: 1,256.11
Vendor: 04657 - LISA AMSELL
12/17/2024 APA001991 LISA AMSELL 11/2-11/30 MARTIAL ARTS 32.50 Vendor 04657 - LISA AMSELL Total: 32.50
Vendor: 01976 - LPPEA
12/12/2024 39743 LPPEA LPPEA Dues Withheld 75.00
Vendor 01976 - LPPEA Total: 75.00

Warrant Register Post Dates: 12/4/2024 - 12/17/2024
12/12/2024 5:50:19 PM Page 7 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 05072 - MASTERLUBE CYPRESS
12/17/2024 APA002017 MASTERLUBE CYPRESS 12/3 OIL CHANGE/#740 60.32 Vendor 05072 - MASTERLUBE CYPRESS Total: 60.32
Vendor: 03125 - MAY SPENCE
7/17-11/7 BANK MLGE 20.90

REIMB/AT
12/17/2024 2226 MAY SPENCE
Vendor 03125 - MAY SPENCE Total: 20.90
Vendor: 02183 - MINUTEMAN PRESS
12/17/2024 APA002020 MINUTEMAN PRESS (855)WTR BILL INSERTS/WTR 297.67 Vendor 02183 - MINUTEMAN PRESS Total: 297.67
Vendor: 01752 - MISSION SQUARE - PLAN 302549
12/12/2024 APA001985 MISSION SQUARE - PLAN 302… Deferred Comp 1,173.07 12/12/2024 APA001985 MISSION SQUARE - PLAN 302… Deferred Comp 2,294.23 12/12/2024 APA001985 MISSION SQUARE - PLAN 302… Deferred Comp 2,659.11 Vendor 01752 - MISSION SQUARE - PLAN 302549 Total: 6,126.41 Vendor: 02227 - NEWS ENTERPRISE
12/17/2024 APA002021 NEWS ENTERPRISE 11/20 LEGAL AD/MADDY ACT 250.00 Vendor 02227 - NEWS ENTERPRISE Total: 250.00
Vendor: 02248 - OCCUPATIONAL HEALTH CENTERS OF CA
12/17/2024 APA002022 OCCUPATIONAL HEALTH CEN… 9/6 EMPL PHYS (1) PD-FT 665.00 12/17/2024 APA002022 OCCUPATIONAL HEALTH CEN… 10/28 EMPL PHYS/(1)PW-FT 658.00 Vendor 02248 - OCCUPATIONAL HEALTH CENTERS OF CA Total: 1,323.00 Vendor: 02290 - PACIFIC TELEMANAGEMENT SVCS
12/17/2024 APA002023 PACIFIC TELEMANAGEMENT S… 12/1#739-9846 PAYPHONE/PD 78.00 Vendor 02290 - PACIFIC TELEMANAGEMENT SVCS Total: 78.00 Vendor: 02277 - PARS
12/17/2024 APA002024 PARS OCT'24 PARS ADM SVCS 406.32
Vendor 02277 - PARS Total: 406.32
Vendor: 02279 - PERS RETIREMENT
CalPERS Employee 15.68
Contribution
12/12/2024 DFT0009414 PERS RETIREMENT
12/12/2024 DFT0009415 PERS RETIREMENT CalPERS Employer Contribution 15.93 CalPERS Employee 92.16
Contribution
12/12/2024 DFT0009420 PERS RETIREMENT
12/12/2024 DFT0009421 PERS RETIREMENT CalPERS Employer Contribution 91.91 CalPERS Employee 57.45
Contribution
12/12/2024 DFT0009438 PERS RETIREMENT
12/12/2024 DFT0009439 PERS RETIREMENT CalPERS Employer Contribution 57.31 CalPERS Employee 1,938.17
Contribution
12/12/2024 DFT0009444 PERS RETIREMENT
12/12/2024 DFT0009445 PERS RETIREMENT CalPERS Employer Contribution 3,881.18 CalPERS Employee 1,690.69
Contribution
12/12/2024 DFT0009446 PERS RETIREMENT
12/12/2024 DFT0009447 PERS RETIREMENT CalPERS Employer Contribution 2,451.50 CalPERS Employee 3,530.69
Contribution
12/12/2024 DFT0009448 PERS RETIREMENT
12/12/2024 DFT0009449 PERS RETIREMENT CalPERS Employer Contribution 3,585.35 CalPERS Employee 1,811.53
Contribution
12/12/2024 DFT0009450 PERS RETIREMENT
12/12/2024 DFT0009451 PERS RETIREMENT CalPERS Employer Contribution 5,897.55 CalPERS Employee 416.83
Contribution
12/12/2024 DFT0009452 PERS RETIREMENT
12/12/2024 DFT0009453 PERS RETIREMENT CalPERS Employer Contribution 1,077.20 CalPERS Employee 7,483.13
Contribution
12/12/2024 DFT0009454 PERS RETIREMENT
12/12/2024 DFT0009455 PERS RETIREMENT CalPERS Employer Contribution 7,464.03 Employee Survivor 45.57
Contribution Amount
12/12/2024 DFT0009456 PERS RETIREMENT
Vendor 02279 - PERS RETIREMENT Total: 41,603.86

Warrant Register Post Dates: 12/4/2024 - 12/17/2024
12/12/2024 5:50:19 PM Page 8 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 02320 - PHOTO INK
12/17/2024 APA002025 PHOTO INK LOBBY PHOTO/CCMBR 696.00 Vendor 02320 - PHOTO INK Total: 696.00
Vendor: 02354 - R C S INVESTIGATIONS AND CONSULTING LLC 11/15 BACKGROUND INVEST/ 5,700.00
(3)PD
12/17/2024 APA002026 R C S INVESTIGATIONS AND C…
Vendor 02354 - R C S INVESTIGATIONS AND CONSULTING LLC Total: 5,700.00 Vendor: 05671 - RICHARD MIEIR
12/17/2024 APA002019 RICHARD MIEIR 11/7-11/21 TAI CHI 64.35 Vendor 05671 - RICHARD MIEIR Total: 64.35
Vendor: 03931 - RYAN HALLETT
FY24/25 WELLNESS 299.99

REIMB/ACM
12/17/2024 2224 RYAN HALLETT
12/17/2024 2224 RYAN HALLETT 11/13-15 MMASC Conf/ACM 1,455.80 12/5 Team Vision Lunch/Empl 276.39
Recog
12/17/2024 2224 RYAN HALLETT
Vendor 03931 - RYAN HALLETT Total: 2,032.18
Vendor: 02535 - SMART & FINAL
12/17/2024 APA002027 SMART & FINAL 12/3 SUPPLIES/INSPOTEEN 51.53 12/17/2024 APA002027 SMART & FINAL 11/25 SUPPLIES/REC 26.90 Vendor 02535 - SMART & FINAL Total: 78.43
Vendor: 02640 - SO CAL GAS COMPANY
12/4 8415 16.27

MEADOWLARK/BOOSTER
12/04/2024 DFT0009429 SO CAL GAS COMPANY
12/04/2024 DFT0009430 SO CAL GAS COMPANY 12/4 8441 MOODY/CY 46.59 12/04/2024 DFT0009431 SO CAL GAS COMPANY 12/4 7821 WALKER/CC&CP 342.69 12/04/2024 DFT0009432 SO CAL GAS COMPANY 12/4 7821 WALKER/REAR GEN 29.47 12/04/2024 DFT0009433 SO CAL GAS COMPANY 12/4 7792 WALKER/PD 1,371.11 12/12/2024 DFT0009469 SO CAL GAS COMPANY 12/6 6800 WALKER/WW 50.82 Vendor 02640 - SO CAL GAS COMPANY Total: 1,856.95
Vendor: 02556 - SOUTHERN CALIFORNIA EDISON
12/04/2024 DFT0009434 SOUTHERN CALIFORNIA EDIS… 12/2 7792 WALKER/PD 5,232.69 12/2 LAURELWOOD/SCE 30.56
LAMPS
12/04/2024 DFT0009434 SOUTHERN CALIFORNIA EDIS…
12/04/2024 DFT0009434 SOUTHERN CALIFORNIA EDIS… 12/2 7821 WALKER/CC&CP 2,712.27 12/2 7711 MDY/ORGTHRPE 38.76

SPRNKLR
12/04/2024 DFT0009434 SOUTHERN CALIFORNIA EDIS…
12/04/2024 DFT0009434 SOUTHERN CALIFORNIA EDIS… 12/2 LP/COMSTOCK SPRINKLER 14.63 12/2 7872-1/2 DENNI 13.98

SPRINKLER
12/04/2024 DFT0009434 SOUTHERN CALIFORNIA EDIS…
12/04/2024 DFT0009434 SOUTHERN CALIFORNIA EDIS… 12/2 6750 WALKER SPRINKLER 13.79 12/04/2024 DFT0009434 SOUTHERN CALIFORNIA EDIS… 12/2 7711 FURMAN RD POLE 99.48 12/04/2024 DFT0009434 SOUTHERN CALIFORNIA EDIS… 12/2 BYRNE/WALKER LAMPS 112.25 12/04/2024 DFT0009434 SOUTHERN CALIFORNIA EDIS… 12/2 6800 WALKER/PUMP 7,927.20 11/26 8415 10,292.80

MEADOWLARK/BSTR
12/04/2024 DFT0009435 SOUTHERN CALIFORNIA EDIS…
12/04/2024 DFT0009436 SOUTHERN CALIFORNIA EDIS… 12/2 LS-2 8231-1/2 WALKER 17.95 12/04/2024 DFT0009436 SOUTHERN CALIFORNIA EDIS… 12/2 LS-1/ALL NIGHT 13,909.56 12/04/2024 DFT0009436 SOUTHERN CALIFORNIA EDIS… 12/2 LS-2/8172 MOODY 35.92 12/2 LS-1/ALL NIGHT ADD'L 49.43
LAMPS
12/04/2024 DFT0009436 SOUTHERN CALIFORNIA EDIS…
12/04/2024 DFT0009436 SOUTHERN CALIFORNIA EDIS… 12/2 LS-2/METERED 440.06 12/04/2024 DFT0009436 SOUTHERN CALIFORNIA EDIS… 12/2 WALKER/91 FWY LAMPS 125.87 12/12/2024 DFT0009467 SOUTHERN CALIFORNIA EDIS… 12/9 5872 LA PALMA/MEDIAN 25.42 12/9 7502 WALKER/HOUSTON 79.48
TC1
12/12/2024 DFT0009467 SOUTHERN CALIFORNIA EDIS…
12/9 8172 144.18
MOODY/WINDSONG TC1
12/12/2024 DFT0009467 SOUTHERN CALIFORNIA EDIS…
12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS… 12/6 LP/MOODY SIGNAL 99.41 12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS… 12/6 LP/DENNI SIGNAL 105.00

Warrant Register Post Dates: 12/4/2024 - 12/17/2024
12/12/2024 5:50:19 PM Page 9 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount 12/6 7701 WALKER/HOSPITAL 106.88
SIGNAL
12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS…
12/6 E/S VV/ORANGETHORPE 106.88
SGNL
12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS…
12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS… 12/6 5001 CRESCENT SIGNAL 107.58 12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS… 12/6 MOODY/SHARON SIGNAL 85.86 12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS… 12/6 LP/REDFORD SIGNAL 84.47 12/6 8171 WALKER/LA LUNA 80.48
SIGNAL
12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS…
12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS… 12/6 8231-1/2 WALKER 69.52 12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS… 12/6 WALKER/183RD SIGNAL 75.82 12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS… 12/6 5498 LA PALMA TC1 113.88 12/6 7903 WALKER/REC 68.58
SIGNAL
12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS…
12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS… 12/6 LP/WALKER SIGNAL 55.03 12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS… 12/6 5002 HOUSTON 98.70 12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS… 12/6 MOODY/LA LUNA SIGNAL 32.84 12/6 S/S ORANGETHORPE/VV 90.29
SIGNAL
12/12/2024 DFT0009468 SOUTHERN CALIFORNIA EDIS…
12/12/2024 DFT0009470 SOUTHERN CALIFORNIA EDIS… 12/11 6998 WALKER TC1 90.50 Vendor 02556 - SOUTHERN CALIFORNIA EDISON Total: 42,788.00 Vendor: 02568 - STAPLES BUSINESS ADVANTAGE
12/17/2024 APA002029 STAPLES BUSINESS ADVANTA… 11/26 OFFICE SUPPLIES/REC 160.50 12/17/2024 APA002029 STAPLES BUSINESS ADVANTA… 11/27 KITCHEN SUPPLIES/PD 72.65 12/17/2024 APA002029 STAPLES BUSINESS ADVANTA… 11/30 OFFICE SUPPLIES/PD 13.89 Vendor 02568 - STAPLES BUSINESS ADVANTAGE Total: 247.04 Vendor: 02576 - STEP SAVER INC
11/25 WTR TREATMENT 123.19

SUPPLIES/CY
12/17/2024 APA002030 STEP SAVER INC
11/25 WTR TREATMENT 157.18

SUPPLIES/WW
12/17/2024 APA002030 STEP SAVER INC
Vendor 02576 - STEP SAVER INC Total: 280.37
Vendor: 01620 - STEVE A. FILARSKY ATTORNEY AT LAW
12/17/2024 APA002031 STEVE A. FILARSKY ATTORNEY… 11/4-11/13 LABOR ATTY SVCS 540.00 Vendor 01620 - STEVE A. FILARSKY ATTORNEY AT LAW Total: 540.00 Vendor: 02590 - SUN BADGE COMPANY
12/17/2024 APA002032 SUN BADGE COMPANY RPR BADGE/PD 91.48 Vendor 02590 - SUN BADGE COMPANY Total: 91.48
Vendor: 02459 - SWRCB FEES
7'24-6'25 STORM WATER 10,920.00

FEES/PW
12/17/2024 39755 SWRCB FEES
Vendor 02459 - SWRCB FEES Total: 10,920.00
Vendor: 02654 - THE STANDARD
SEP'24 LIFE INS PREM/ALL 777.53
EMPL
12/17/2024 APA002028 THE STANDARD
SEP'24 LTD INS PREM/ALL 890.01
EMPL
12/17/2024 APA002028 THE STANDARD
Vendor 02654 - THE STANDARD Total: 1,667.54
Vendor: 05525 - TOWNSEND PUBLIC AFFAIRS INC
DEC'24 GRANT 1,900.00

WRITING&FUNDING

ADVOCACY SVC
12/17/2024 APA002034 TOWNSEND PUBLIC AFFAIRS I…
DEC'24 GRANT 1,662.50

WRITING&FUNDING

ADVOCACY SVC
12/17/2024 APA002034 TOWNSEND PUBLIC AFFAIRS I…
DEC'24 GRANT 1,187.50

WRITING&FUNDING

ADVOCACY SVC
12/17/2024 APA002034 TOWNSEND PUBLIC AFFAIRS I…
Vendor 05525 - TOWNSEND PUBLIC AFFAIRS INC Total: 4,750.00

Warrant Register Post Dates: 12/4/2024 - 12/17/2024
12/12/2024 5:50:19 PM Page 10 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 02700 - TYLER TECHNOLOGIES INC
10/24-25 ActRec GoLive 543.75
Training
12/17/2024 APA002035 TYLER TECHNOLOGIES INC
Vendor 02700 - TYLER TECHNOLOGIES INC Total: 543.75
Vendor: 02706 - U S BANK INSTITUTIONAL TRUST-WESTERN REGION PARS Part Time Retirement 644.98
Contributions
12/12/2024 APA001986 U S BANK INSTITUTIONAL TRU…
Vendor 02706 - U S BANK INSTITUTIONAL TRUST-WESTERN REGION Total: 644.98 Vendor: 02712 - UNDERGROUND SERVICE ALERT
12/17/2024 APA002036 UNDERGROUND SERVICE ALE… (24)DIG-ALERT NOTICES/PW 27.20 12/17/2024 APA002036 UNDERGROUND SERVICE ALE… (24)DIG-ALERT NOTICES/PW 27.20 Vendor 02712 - UNDERGROUND SERVICE ALERT Total: 54.40
Vendor: 05555 - UNISPEC CONSTRUCTION INC.
12/17/2024 2228 UNISPEC CONSTRUCTION INC. LESS 5% RETENTION/ST-371 -12,622.45 12/17/2024 2228 UNISPEC CONSTRUCTION INC. MEDIAN ISLANDS PROJ/ST-371 252,449.09 Vendor 05555 - UNISPEC CONSTRUCTION INC. Total: 239,826.64 Vendor: 02742 - VERIZON WIRELESS
12/17/2024 39756 VERIZON WIRELESS 11/16 CELL PHONES/REC 29.96 12/17/2024 39756 VERIZON WIRELESS 11/16 MACHINE TO MACHINE 150.18 11/17-12/16 SEDARU DATA 46.20

PLAN/WTR
12/17/2024 39756 VERIZON WIRELESS
11/17-12/16 DATA 140.14

ACCESS/WTR
12/17/2024 39756 VERIZON WIRELESS
Vendor 02742 - VERIZON WIRELESS Total: 366.48
Vendor: 02763 - WEST COAST ARBORISTS INC
12/17/2024 APA002039 WEST COAST ARBORISTS INC 11/1 TREE PRUNING/WALKER 1,940.00 Vendor 02763 - WEST COAST ARBORISTS INC Total: 1,940.00 Vendor: 03987 - WEX HEALTH INC
12/17/2024 APA002040 WEX HEALTH INC NOV'24 FLEX ADM SVC 50.00 Vendor 03987 - WEX HEALTH INC Total: 50.00
Vendor: 02788 - WRIGHT EXPRESS
12/04/2024 DFT0009426 WRIGHT EXPRESS 10/31 GASOLINE/PD 4,684.41 12/04/2024 DFT0009426 WRIGHT EXPRESS 10/31 GASOLINE REBATE -30.15 12/04/2024 DFT0009426 WRIGHT EXPRESS 10/31 GASOLINE/PW 327.94 12/04/2024 DFT0009426 WRIGHT EXPRESS 10/31 GASOLINE/WTR 1,385.72 12/04/2024 DFT0009427 WRIGHT EXPRESS 11/30 GASOLINE/PD 5,140.20 12/04/2024 DFT0009427 WRIGHT EXPRESS 11/30 GASOLINE/PW 165.08 12/04/2024 DFT0009427 WRIGHT EXPRESS 11/30 GASOLINE REBATE -27.33 12/04/2024 DFT0009427 WRIGHT EXPRESS 11/30 GASOLINE/WTR 1,308.15 Vendor 02788 - WRIGHT EXPRESS Total: 12,954.02
Vendor: 05733 - ZONES IT SOLUTIONS INC
11/26 Office 365 Subscription 14,038.38
& Services
12/17/2024 APA002041 ZONES IT SOLUTIONS INC
Vendor 05733 - ZONES IT SOLUTIONS INC Total: 14,038.38
Grand Total: 553,557.36

1/2/2025 11:17:23 AM Page 1 of 13
Warrant Register
City of La Palma By Vendor Name
Post Dates 12/18/2024 - 1/7/2025
Approval
Reviewed by
Ryan Hallett - Assistant City Manager
Conal McNamara - City Manager

Warrant Register Post Dates: 12/18/2024 - 1/7/2025
1/2/2025 11:17:23 AM Page 2 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 01037 - ADMIRAL PEST CONTROL INC
12/13 PEST CONTROL/5410 LA 53.00
PALMA
01/07/2025 APA002044 ADMIRAL PEST CONTROL INC
01/07/2025 APA002044 ADMIRAL PEST CONTROL INC 12/13 PEST CONTROL/WW 105.00 01/07/2025 APA002044 ADMIRAL PEST CONTROL INC 12/13 PEST CONTROL/CY 175.00 01/07/2025 APA002044 ADMIRAL PEST CONTROL INC 12/13 PEST CONTROL.CH 164.00 01/07/2025 APA002044 ADMIRAL PEST CONTROL INC 12/13 PEST CONTROL/CP 152.00 01/07/2025 APA002044 ADMIRAL PEST CONTROL INC 12/13 PEST CONTROL/EROW 195.00 Vendor 01037 - ADMIRAL PEST CONTROL INC Total: 844.00
Vendor: 01042 - AETNA US HEALTHCARE
01/07/2025 APA002045 AETNA US HEALTHCARE JAN'25 DENTAL PREMIUM 5,296.40 Vendor 01042 - AETNA US HEALTHCARE Total: 5,296.40
Vendor: 01046 - AFFORDABLE GENERATOR SVCS INC
01/07/2025 APA002046 AFFORDABLE GENERATOR SV… 12/3 GENERATOR SVC/WW 1,518.39 01/07/2025 APA002046 AFFORDABLE GENERATOR SV… 12/3 GENERATOR SVC/CY 1,309.93 Vendor 01046 - AFFORDABLE GENERATOR SVCS INC Total: 2,828.32 Vendor: 01047 - AFLAC
01/07/2025 APA002047 AFLAC Dec '24 AFLAC/PD 384.88
Vendor 01047 - AFLAC Total: 384.88
Vendor: 01064 - ALL CITY MANAGEMENT SVC INC
11/10-23 CROSSING GUARD 6,732.97
SVC/PD
01/07/2025 APA002048 ALL CITY MANAGEMENT SVC I…
11/24-12/7 CROSSING GUARD 3,741.17
SVC/PD
01/07/2025 APA002048 ALL CITY MANAGEMENT SVC I…
Vendor 01064 - ALL CITY MANAGEMENT SVC INC Total: 10,474.14 Vendor: 05731 - ALL TRAFFIC SOLUTIONS INC
11/26 ELECTRONIC MESSAGE 60,180.31

BOARDS, TRAILER & SVCS/PD
01/07/2025 APA002049 ALL TRAFFIC SOLUTIONS INC
Vendor 05731 - ALL TRAFFIC SOLUTIONS INC Total: 60,180.31 Vendor: 01016 - AT&T MOBILITY
12/18/2024 DFT0009496 AT&T MOBILITY 12/8 Cell Phone BillS/PD&PW 49.27 12/18/2024 DFT0009496 AT&T MOBILITY 12/8 Cell Phone BillS/PD&PW 36.08 12/18/2024 DFT0009496 AT&T MOBILITY 12/8 Cell Phone BillS/PD&PW 679.10 12/18/2024 DFT0009496 AT&T MOBILITY 12/8 Cell Phone BillS/PD&PW 124.76 12/18/2024 DFT0009496 AT&T MOBILITY 12/8 Cell Phone BillS/PD&PW 583.42 12/18/2024 DFT0009496 AT&T MOBILITY 12/8 Cell Phone BillS/PD&PW 36.24 12/18/2024 DFT0009496 AT&T MOBILITY 12/8 Cell Phone BillS/PD&PW 44.34 12/18/2024 DFT0009496 AT&T MOBILITY 12/8 Cell Phone BillS/PD&PW 36.06 Vendor 01016 - AT&T MOBILITY Total: 1,589.27
Vendor: 01183 - BEACON DAY SCHOOL
01/07/2025 APA002051 BEACON DAY SCHOOL 12/12 PAVILION DEPOSIT RFD 200.00 Vendor 01183 - BEACON DAY SCHOOL Total: 200.00
Vendor: 05474 - BG TAXFORMS
2024 1095C TAX 106.01

FORMS&ENVELOPES/FIN
01/07/2025 APA002052 BG TAXFORMS
Vendor 05474 - BG TAXFORMS Total: 106.01
Vendor: 01208 - BLUE RIBBON TROPHY CO
01/07/2025 APA002053 BLUE RIBBON TROPHY CO OUTGOING MYR GAVEL/CC 198.04 CHAMBER PLATES & 46.00

BADGE/CCMBR
01/07/2025 APA002053 BLUE RIBBON TROPHY CO
(2)ENGRAVING EMPL 249.29

RECOG/CS
01/07/2025 APA002053 BLUE RIBBON TROPHY CO
LOBBY NAMEPLATE 34.18

PHOTO/CCMBR
01/07/2025 APA002053 BLUE RIBBON TROPHY CO
Vendor 01208 - BLUE RIBBON TROPHY CO Total: 527.51
Vendor: 01252 - C F P INC
01/07/2025 APA002054 C F P INC (1)NOV'24 BLOOD TEST/PD 147.50 Vendor 01252 - C F P INC Total: 147.50

Warrant Register Post Dates: 12/18/2024 - 1/7/2025
1/2/2025 11:17:23 AM Page 3 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 04615 - CA AUTO AND BRAKE INC
01/07/2025 APA002055 CA AUTO AND BRAKE INC 12/5 VEH RPRS/LP-32 258.21 Vendor 04615 - CA AUTO AND BRAKE INC Total: 258.21
Vendor: 05610 - CAMILLE VALLEY
01/07/2025 APA002096 CAMILLE VALLEY 12/2-12/16 BALLET & TAP 117.00 Vendor 05610 - CAMILLE VALLEY Total: 117.00
Vendor: 02669 - CHARTER COMMUNICATIONS
12/11-1/10 Internet SVC/CH- 425.10
ACCT NO.188679701
12/18/2024 DFT0009485 CHARTER COMMUNICATIONS
Vendor 02669 - CHARTER COMMUNICATIONS Total: 425.10
Vendor: 05455 - CHARTER COMMUNICATIONS
12/11-1/10 INTERNET 1,132.47

SVC/CY&CH-ACCT
NO.188679101
12/18/2024 DFT0009486 CHARTER COMMUNICATIONS
12/11-1/10 INTERNET 485.34

SVC/CY&CH-ACCT
NO.188679101
12/18/2024 DFT0009486 CHARTER COMMUNICATIONS
Vendor 05455 - CHARTER COMMUNICATIONS Total: 1,617.81
Vendor: 05456 - CHARTER COMMUNICATIONS
12/11-1/10 INTERNET 719.00
SVC/WW-ACCT NO. 188678801
12/18/2024 DFT0009487 CHARTER COMMUNICATIONS
Vendor 05456 - CHARTER COMMUNICATIONS Total: 719.00
Vendor: 03283 - CITY NATIONAL BANK
12/18/2024 DFT0009460 CITY NATIONAL BANK 12/3 CATERING/EMPL RECOG 543.58 12/18/2024 DFT0009460 CITY NATIONAL BANK 11/15 SUPPLIES/EMPL RECOG 160.37 12/18/2024 DFT0009460 CITY NATIONAL BANK 11/14 SUPPLIES/EMPL RECOG 43.48 12/18/2024 DFT0009460 CITY NATIONAL BANK 11/4 POSTERS/HR 117.65 12/18/2024 DFT0009460 CITY NATIONAL BANK 2025 DROPBOX SUBSCRP/IT 199.00 12/18/2024 DFT0009460 CITY NATIONAL BANK 1 YR SSL CERTIFICATE/IT 99.99 12/18/2024 DFT0009483 CITY NATIONAL BANK 12/3 SUPPLIES/EMPL RECOG 69.62 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/14 MTG SUPPLIES/PD 141.28 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/14 OFFICE SUPPLIES/PD 35.21 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/28 OFFICE SUPPLIES/PD 29.34 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/27 OFFICE SUPPLIES/PD 28.26 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/4 OFFICE SUPPLIES/PD 72.84 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/13 KITCHEN SUPPLIES/PD 108.37 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/4 OFFICE SUPPLIES/PD 49.99 11/20 PARTIAL RFND -271.10

SUPPLIES/PD
12/18/2024 DFT0009483 CITY NATIONAL BANK
12/18/2024 DFT0009483 CITY NATIONAL BANK 11/27 OFFICE SUPPLIES/PD 184.77 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/26 OFFICE SUPPLIES/PD 35.85 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/6 OFFICE SUPPLIES/PD 39.13 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/5 OFFICE SUPPLIES/PD 32.44 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/25 OFFICE SUPPLIES/PD 42.39 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/26 RPL BATTERY/#746 353.63 11/14 VEH MAINT 20.46

SUPPLIES/PD
12/18/2024 DFT0009483 CITY NATIONAL BANK
12/18/2024 DFT0009483 CITY NATIONAL BANK 11/13 SUPPLIES/PD 157.38 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/13 SUPPLIES/PD 78.70 1/14-1/15 LEAC AR15/M4/M16 450.00
ARMORER COURSE/PD (2)
12/18/2024 DFT0009483 CITY NATIONAL BANK
1/17 LEAC GLOCK ARMORER 195.00
COURSE/(2)PD
12/18/2024 DFT0009483 CITY NATIONAL BANK
1/16 LEAC REMINGTON 870 195.00
ARMORER COURSE/PD (2)
12/18/2024 DFT0009483 CITY NATIONAL BANK
12/18/2024 DFT0009483 CITY NATIONAL BANK 3/3-3/5 FTO UPDATE TRNG/PD 198.79 12/18/2024 DFT0009483 CITY NATIONAL BANK 6/15 (13)GAS MASKS/PD 2,544.04 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/26 PATROL SUPPLIES/PD 430.59 12/18/2024 DFT0009483 CITY NATIONAL BANK 11/5 PATROL SUPPLIES/PD 25.71

Warrant Register Post Dates: 12/18/2024 - 1/7/2025
1/2/2025 11:17:23 AM Page 4 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount 11/19 NIGHT-SIGHT 875.00

INSTALL/PD
12/18/2024 DFT0009483 CITY NATIONAL BANK
1/17 LEAC GLOCK ARMORER 195.00
COURSE/(2)PD
12/18/2024 DFT0009483 CITY NATIONAL BANK
1/16 LEAC REMINGTON 870 195.00
ARMORER COURSE/PD (2)
12/18/2024 DFT0009483 CITY NATIONAL BANK
1/14-1/15 LEAC AR15/M4/M16 450.00
ARMORER COURSE/PD (2)
12/18/2024 DFT0009483 CITY NATIONAL BANK
12/18/2024 DFT0009488 CITY NATIONAL BANK 12/6 AAPI CONF/CCMBR 268.61 12/18/2024 DFT0009489 CITY NATIONAL BANK 11/5 MTG SUPPLIES/GG 155.67 12/18/2024 DFT0009490 CITY NATIONAL BANK 11/12 LOCC LA DIV CONF/MYR 75.00 12/18/2024 DFT0009491 CITY NATIONAL BANK 12/3 KITCHEN SUPPLIES/CH 35.00 11/13-15 MMASC CONF 739.24

HOTEL/PM
12/18/2024 DFT0009492 CITY NATIONAL BANK
11/6 INVITATIONS/EMPL 57.50
RECOG
12/18/2024 DFT0009495 CITY NATIONAL BANK
12/18/2024 DFT0009495 CITY NATIONAL BANK 11/20 OFFICE SUPPLIES/CS 32.61 12/18/2024 DFT0009495 CITY NATIONAL BANK 11/20 OFFICE SUPPLIES/CS 25.00 12/18/2024 DFT0009495 CITY NATIONAL BANK 11/20 OFFICE SUPPLIES/CS 8.67 11/14 HOME SPOTLIGHT 38.79

AWARD/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/12 TREE LIGHTING 16.16

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/20 TREE LIGHTING 19.56

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/19 TREE LIGHTING 28.26

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/19 TREE LIGHTING 30.44

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/12 TREE LIGHTING 73.91

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/19 TREE LIGHTING 50.56

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/25 TREE LIGHTING 15.30

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/25 TREE LIGHTING 13.62

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/27 TREE LIGHTING 49.55

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/4 TREE LIGHTING 16.14

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/20 TREE LIGHTING 30.44

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/20 TREE LIGHTING 101.80

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/20 TREE LIGHTING 43.04

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/19 TREE LIGHTING 105.27

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/19 TREE LIGHTING 41.30

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/12 TREE LIGHTING 128.04

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
11/20 TREE LIGHTING 195.69

SUPPLIES/CAB
12/18/2024 DFT0009495 CITY NATIONAL BANK
12/18/2024 DFT0009495 CITY NATIONAL BANK 11/19 SUPPLIES/INSPOTEEN 19.56 12/18/2024 DFT0009495 CITY NATIONAL BANK 11/12 SUPPLIES/INSPOTEEN 18.32 12/18/2024 DFT0009495 CITY NATIONAL BANK 11/4 SUPPLIES/INSPOTEEN 33.42 11/13 SPX 2,598.41

TECHNOLOGIES/WTR
12/18/2024 DFT0009495 CITY NATIONAL BANK
DEC'24 KORE TELEMATICS 514.25
SVC/WW
12/18/2024 DFT0009495 CITY NATIONAL BANK
CREATOR LITE GRAPHIC 29.00

DESIGN SFTWR/GG
12/18/2024 DFT0009499 CITY NATIONAL BANK

Warrant Register Post Dates: 12/18/2024 - 1/7/2025
1/2/2025 11:17:23 AM Page 5 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount DELL SERVER SUPPORT 1,192.95

RNWL/IT
12/18/2024 DFT0009499 CITY NATIONAL BANK
APPLE MOBILE DEVICE MGMT 62.79

PLAN/PD
12/18/2024 DFT0009499 CITY NATIONAL BANK
12/11 IPAD EXCEL WTR MTR 4.99

READS APP/WTR
12/18/2024 DFT0009499 CITY NATIONAL BANK
12/11 IPAD EXCEL WTR MTR 4.99

READS APP/WTR
12/18/2024 DFT0009499 CITY NATIONAL BANK
Vendor 03283 - CITY NATIONAL BANK Total: 15,000.61
Vendor: 01356 - CITY OF LA PALMA FLEXIBLE
Flexible Spending -46.15
Contributions - Medical
01/07/2025 39764 CITY OF LA PALMA FLEXIBLE
Flexible Spending 144.22
Contributions - Medical
01/07/2025 39764 CITY OF LA PALMA FLEXIBLE
Vendor 01356 - CITY OF LA PALMA FLEXIBLE Total: 98.07
Vendor: 01357 - CITY OF LA PALMA PETTY CASH
12/9 EMPL RECOG 400.00

CONTRIBUTIONS
01/07/2025 39765 CITY OF LA PALMA PETTY CASH
Vendor 01357 - CITY OF LA PALMA PETTY CASH Total: 400.00 Vendor: 04769 - CONAL MCNAMARA
01/07/2025 2232 CONAL MCNAMARA DEC'24 WELLNESS REIMB/CM 25.05 Vendor 04769 - CONAL MCNAMARA Total: 25.05
Vendor: 01395 - COUNTY OF ORANGE
01/07/2025 39768 COUNTY OF ORANGE SEP'24 PARKING CITATIONS/PD 1,152.50 NOV'24 OCATS/CLETS PHONE 1,104.51
SVC/PD
01/07/2025 39768 COUNTY OF ORANGE
01/07/2025 39768 COUNTY OF ORANGE NOV'24 AFIS FEE/PD 458.00 Vendor 01395 - COUNTY OF ORANGE Total: 2,715.01
Vendor: 04388 - CROSSTOWN ELECTRICAL & DATA INC
01/07/2025 APA002056 CROSSTOWN ELECTRICAL & D… NOV'24 SIGNAL RPR/PW 1,217.63 Vendor 04388 - CROSSTOWN ELECTRICAL & DATA INC Total: 1,217.63 Vendor: 02815 - DANITA HERNANDEZ
01/07/2025 2230 DANITA HERNANDEZ 2024 EMPLOYEE OF THE YEAR 500.00 Vendor 02815 - DANITA HERNANDEZ Total: 500.00
Vendor: 04768 - DEBORAH BAKER
12/4-6 CALCITIES LEAGUE LDRS 795.17

WRKSHP/CCMBR
01/07/2025 2229 DEBORAH BAKER
Vendor 04768 - DEBORAH BAKER Total: 795.17
Vendor: 01472 - DEPT OF JUSTICE
01/07/2025 APA002074 DEPT OF JUSTICE Nov '24 FINGERPRINT/PD PT 32.00 01/07/2025 APA002074 DEPT OF JUSTICE Nov '24 FINGERPRINT/PD VOL 32.00 01/07/2025 APA002074 DEPT OF JUSTICE Nov '24 FINGERPRINT/PW FT 32.00 01/07/2025 APA002074 DEPT OF JUSTICE Nov '24 FINGERPRINT/PD FT 32.00 01/07/2025 APA002074 DEPT OF JUSTICE Nov '24 FINGERPRINT/REC INST 32.00 Vendor 01472 - DEPT OF JUSTICE Total: 160.00
Vendor: 01499 - DISCOUNT TIRE AND SERVICE CENTERS
01/07/2025 APA002058 DISCOUNT TIRE AND SERVICE … 12/3 (1)TIRE/LP-61 263.73 Vendor 01499 - DISCOUNT TIRE AND SERVICE CENTERS Total: 263.73 Vendor: 04193 - DOUG MARTIN CONTRACTING CO INC
01/07/2025 APA002059 DOUG MARTIN CONTRACTING…LESS 5% RETENTION/ST-373 -7,690.30 ZONE 7 SLURRY SEAL 153,805.90
IMPRV/ST-373
01/07/2025 APA002059 DOUG MARTIN CONTRACTING…
Vendor 04193 - DOUG MARTIN CONTRACTING CO INC Total: 146,115.60 Vendor: 05624 - E&R CONSTRUCTION INC
10/18 EMERG WTR RPR/7362 2,642.58

DOUGLAS
01/07/2025 APA002060 E&R CONSTRUCTION INC
Vendor 05624 - E&R CONSTRUCTION INC Total: 2,642.58

Warrant Register Post Dates: 12/18/2024 - 1/7/2025
1/2/2025 11:17:23 AM Page 6 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 04787 - ENTERPRISE FM TRUST
01/07/2025 APA002061 ENTERPRISE FM TRUST DEC'24 LEASE PMT/LP-57 8,145.20 Vendor 04787 - ENTERPRISE FM TRUST Total: 8,145.20
Vendor: 01611 - FEDERAL EXPRESS CORPORATION
01/07/2025 APA002062 FEDERAL EXPRESS CORPORAT… 12/5 PRIORITY MAIL/PD 13.81 Vendor 01611 - FEDERAL EXPRESS CORPORATION Total: 13.81 Vendor: 05272 - FLEETCOR TECHNOLOGIES INC - VP RACING
12/18/2024 DFT0009493 FLEETCOR TECHNOLOGIES INC…12/15 GASOLINE/PD 577.90 12/18/2024 DFT0009493 FLEETCOR TECHNOLOGIES INC…12/15 VOLUME DISCOUNT -7.61 12/18/2024 DFT0009493 FLEETCOR TECHNOLOGIES INC…12/15 GASOLINE/PW 482.32 Vendor 05272 - FLEETCOR TECHNOLOGIES INC - VP RACING Total: 1,052.61 Vendor: 01631 - FRANCHISE TAX BOARD
12/26/2024 DFT0009465 FRANCHISE TAX BOARD State Tax Withholding 4.38 12/26/2024 DFT0009475 FRANCHISE TAX BOARD State Tax Withholding 50.04 12/26/2024 DFT0009481 FRANCHISE TAX BOARD State Tax Withholding 8.65 12/26/2024 DFT0009506 FRANCHISE TAX BOARD State Tax Withholding 65.12 12/26/2024 DFT0009522 FRANCHISE TAX BOARD State Tax Withholding 11,337.11 Vendor 01631 - FRANCHISE TAX BOARD Total: 11,465.30
Vendor: 01632 - FRANCISCA MONROY
01/07/2025 APA002080 FRANCISCA MONROY 12/14 GAZEBO DEPOSIT RFD 100.00 Vendor 01632 - FRANCISCA MONROY Total: 100.00
Vendor: 01641 - G M SAGER CONSTRUCTION CO
12/5 WTR LEAK ASPHALT 28,727.00

RPR/WTR
01/07/2025 APA002063 G M SAGER CONSTRUCTION …
Vendor 01641 - G M SAGER CONSTRUCTION CO Total: 28,727.00 Vendor: 01657 - GENE DE LEON
12/8(12/7)PAVILION DEPOSIT 200.00
RFD
01/07/2025 APA002057 GENE DE LEON
Vendor 01657 - GENE DE LEON Total: 200.00
Vendor: 01669 - GLOBALSTAR USA
01/07/2025 APA002064 GLOBALSTAR USA 12/16 #254-241-0048&49/PD 176.33 Vendor 01669 - GLOBALSTAR USA Total: 176.33
Vendor: 01684 - GRAINGER
01/07/2025 APA002065 GRAINGER 12/12 PATROL SUPPLIES/PD 99.25 Vendor 01684 - GRAINGER Total: 99.25
Vendor: 04597 - GREENTECH LANDSCAPE INC
MAR'24 MOWING, VINE TRIM, 5,016.66

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
MAR'24 MOWING, VINE TRIM, 1,639.58

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
MAR'24 MOWING, VINE TRIM, 3,260.42

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
APR'24 MOWING, VINE TRIM, 5,016.66

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
APR'24 MOWING, VINE TRIM, 1,639.58

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
APR'24 MOWING, VINE TRIM, 3,260.42

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
MAY'24 MOWING, VINE TRIM, 5,016.66

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
MAY'24 MOWING, VINE TRIM, 1,639.58

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
MAY'24 MOWING, VINE TRIM, 3,260.42

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
JUN'24 MOWING, VINE TRIM, 5,016.66

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
JUN'24 MOWING, VINE TRIM, 1,639.58

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC

Warrant Register Post Dates: 12/18/2024 - 1/7/2025
1/2/2025 11:17:23 AM Page 7 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount JUN'24 MOWING, VINE TRIM, 3,260.42

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
JUL'24 MOWING, VINE TRIM, 5,016.66

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
JUL'24 MOWING, VINE TRIM, 1,639.58

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
JUL'24 MOWING, VINE TRIM, 3,260.42

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
AUG'24 MOWING, VINE TRIM, 5,016.66

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
AUG'24 MOWING, VINE TRIM, 1,639.58

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
AUG'24 MOWING, VINE TRIM, 3,260.42

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
SEP'24 MOWING, VINE TRIM, 5,016.66

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
SEP'24 MOWING, VINE TRIM, 1,639.58

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
SEP'24 MOWING, VINE TRIM, 3,260.42

MEDIAN MAINT,SIDEWLK CLN
01/07/2025 APA002066 GREENTECH LANDSCAPE INC
Vendor 04597 - GREENTECH LANDSCAPE INC Total: 69,416.62 Vendor: 05303 - HEALTH AND HUMAN RESOURCES CENTER INC
01/07/2025 APA002069 HEALTH AND HUMAN RESOU… NOV'24 EAP 129.60 Vendor 05303 - HEALTH AND HUMAN RESOURCES CENTER INC Total: 129.60 Vendor: 05754 - HERNAN FIGUERO
01/07/2025 APA002070 HERNAN FIGUERO 12/7 COMM CTR DEPOSIT RFD 300.00 Vendor 05754 - HERNAN FIGUERO Total: 300.00
Vendor: 02829 - HIMAL THEBE
01/07/2025 APA002094 HIMAL THEBE 12/15 PAVILION DEPOSIT RFD 200.00 Vendor 02829 - HIMAL THEBE Total: 200.00
Vendor: 02642 - HOME DEPOT
01/07/2025 APA002072 HOME DEPOT 12/10 SUPPLIES/PD 9.63
01/07/2025 APA002072 HOME DEPOT 11/24 SUPPLIES/PW 27.28 12/4 TREE LIGHTING 59.64

SUPPLIES/CAB
01/07/2025 APA002072 HOME DEPOT
01/07/2025 APA002072 HOME DEPOT 12/4 SUPPLIES/REC 91.79 Vendor 02642 - HOME DEPOT Total: 188.34
Vendor: 01764 - INTERNAL REVENUE SERVICE
12/26/2024 DFT0009464 INTERNAL REVENUE SERVICE Federal Tax Withholding 9.41 12/26/2024 DFT0009466 INTERNAL REVENUE SERVICE Medicare -12.71 12/26/2024 DFT0009474 INTERNAL REVENUE SERVICE Federal Tax Withholding 116.33 12/26/2024 DFT0009476 INTERNAL REVENUE SERVICE Medicare 15.52 12/26/2024 DFT0009480 INTERNAL REVENUE SERVICE Federal Tax Withholding 13.96 12/26/2024 DFT0009482 INTERNAL REVENUE SERVICE Medicare 4.38 12/26/2024 DFT0009505 INTERNAL REVENUE SERVICE Federal Tax Withholding 152.75 12/26/2024 DFT0009507 INTERNAL REVENUE SERVICE Medicare 20.30 12/26/2024 DFT0009521 INTERNAL REVENUE SERVICE Federal Tax Withholding 28,808.47 12/26/2024 DFT0009523 INTERNAL REVENUE SERVICE Medicare 7,329.39 12/31/2024 DFT0009529 INTERNAL REVENUE SERVICE Medicare 2.10 Vendor 01764 - INTERNAL REVENUE SERVICE Total: 36,459.90 Vendor: 04983 - IVON GUITRON
01/07/2025 APA002068 IVON GUITRON 12/8 PAVILION DEPOSIT RFD 200.00 Vendor 04983 - IVON GUITRON Total: 200.00
Vendor: 05481 - JASON HONG
2024 SUPERVISOR OF THE 500.00
YEAR
01/07/2025 2231 JASON HONG
Vendor 05481 - JASON HONG Total: 500.00

Warrant Register Post Dates: 12/18/2024 - 1/7/2025
1/2/2025 11:17:23 AM Page 8 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 01801 - JHM SUPPLY INC
01/07/2025 APA002073 JHM SUPPLY INC 12/2 SUPPLIES/WTR 502.70 Vendor 01801 - JHM SUPPLY INC Total: 502.70
Vendor: 05753 - KATHERINE TESSLER
12/14 COMM CTR DEPOSIT 500.00
RFD
01/07/2025 APA002075 KATHERINE TESSLER
Vendor 05753 - KATHERINE TESSLER Total: 500.00
Vendor: 01932 - KATHY PHELPS
9/16-12/14 AEROBICS FULL 499.20

QUARTER
01/07/2025 APA002086 KATHY PHELPS
01/07/2025 APA002086 KATHY PHELPS 9/16-12/11 AEROBICS 390.00 01/07/2025 APA002086 KATHY PHELPS 9/21-12/14 AEROBICS 46.80 Vendor 01932 - KATHY PHELPS Total: 936.00
Vendor: 05331 - KIDZ TALENT ACADEMY
12/3-12/17 GYMNASTICS & 70.20

TUMBLING
01/07/2025 APA002076 KIDZ TALENT ACADEMY
12/3-12/17 BASKETBALL SKILLS 230.10
& DRILLS
01/07/2025 APA002076 KIDZ TALENT ACADEMY
Vendor 05331 - KIDZ TALENT ACADEMY Total: 300.30
Vendor: 01975 - L P G E A
01/07/2025 39763 L P G E A LPGEA Dues Withheld -18.00
01/07/2025 39763 L P G E A LPGEA Dues Withheld 216.00
Vendor 01975 - L P G E A Total: 198.00
Vendor: 01980 - LA PALMA CAR WASH
01/07/2025 APA002077 LA PALMA CAR WASH 11/4-11/27 CAR WASH/PD 694.00 01/07/2025 APA002077 LA PALMA CAR WASH 11/13 CAR WASH/REC 32.00 01/07/2025 APA002077 LA PALMA CAR WASH 11/5 CAR WASH/CEO 16.00 Vendor 01980 - LA PALMA CAR WASH Total: 742.00
Vendor: 01984 - LA PALMA INTERCOMMUNITY HOSPITAL
01/07/2025 APA002078 LA PALMA INTERCOMMUNITY…NOV '24 MEALS ON WHEELS 492.00 Vendor 01984 - LA PALMA INTERCOMMUNITY HOSPITAL Total: 492.00 Vendor: 01988 - LA PALMA POLICE ASSN
12/26/2024 39759 LA PALMA POLICE ASSN LPPA Dues Withheld 1,252.20 Vendor 01988 - LA PALMA POLICE ASSN Total: 1,252.20
Vendor: 04657 - LISA AMSELL
01/07/2025 APA002050 LISA AMSELL 11/2-11/30 MARTIAL ARTS 32.50 Vendor 04657 - LISA AMSELL Total: 32.50
Vendor: 01976 - LPPEA
12/26/2024 39760 LPPEA LPPEA Dues Withheld 75.00
Vendor 01976 - LPPEA Total: 75.00
Vendor: 01752 - MISSION SQUARE - PLAN 302549
01/07/2025 39766 MISSION SQUARE - PLAN 302… Deferred Comp -300.00 01/07/2025 39766 MISSION SQUARE - PLAN 302… Deferred Comp 1,173.07 01/07/2025 39766 MISSION SQUARE - PLAN 302… Deferred Comp 2,294.23 01/07/2025 39766 MISSION SQUARE - PLAN 302… Deferred Comp 2,934.11 Vendor 01752 - MISSION SQUARE - PLAN 302549 Total: 6,101.41 Vendor: 04985 - MOSS LEVY & HARTZHEIM
01/07/2025 APA002081 MOSS LEVY & HARTZHEIM FY24 CITY AUDIT/FIN 9,715.00 Vendor 04985 - MOSS LEVY & HARTZHEIM Total: 9,715.00
Vendor: 02201 - MUNICIPAL WATER DISTRICT OF
01/07/2025 39767 MUNICIPAL WATER DISTRICT … NOV'24 WATER RTS CHARGE 264.50 NOV'24 CAPACITY 500.72

CHARGE/WTR
01/07/2025 39767 MUNICIPAL WATER DISTRICT …
Vendor 02201 - MUNICIPAL WATER DISTRICT OF Total: 765.22

Warrant Register Post Dates: 12/18/2024 - 1/7/2025
1/2/2025 11:17:23 AM Page 9 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 02203 - MYERS STEVENS & TOOHEY &CO INC
01/07/2025 APA002082 MYERS STEVENS & TOOHEY &… DEC'24 LTD/PD 650.30 Vendor 02203 - MYERS STEVENS & TOOHEY &CO INC Total: 650.30 Vendor: 03084 - NOE ROSALES
01/07/2025 APA002088 NOE ROSALES 12/7 GAZEBO DEPOSIT RFD 100.00 Vendor 03084 - NOE ROSALES Total: 100.00
Vendor: 02248 - OCCUPATIONAL HEALTH CENTERS OF CA
01/07/2025 APA002085 OCCUPATIONAL HEALTH CEN… 11/1 EMPL PHYS/(2)PD VIP 308.00 01/07/2025 APA002085 OCCUPATIONAL HEALTH CEN… 12/04 EMP PHYS/(1)PD-PT 658.00 Vendor 02248 - OCCUPATIONAL HEALTH CENTERS OF CA Total: 966.00 Vendor: 02255 - ONOFRE LU
01/07/2025 APA002079 ONOFRE LU 12/15 GAZEBO DEPOSIT RFD 100.00 Vendor 02255 - ONOFRE LU Total: 100.00
Vendor: 02280 - PERS - MEDICAL
Jan '25 Health Plan Premium 112.30
Adm Fee/FT
01/02/2025 DFT0009498 PERS - MEDICAL
Jan '25 Health Plan 11,629.92
Premium/RET
01/02/2025 DFT0009498 PERS - MEDICAL
Jan '25 Health Plan Premium 66.15
Adm Fee/RET
01/02/2025 DFT0009498 PERS - MEDICAL
Jan '25 Health Plan 46,791.23
Premium/FT
01/02/2025 DFT0009498 PERS - MEDICAL
Vendor 02280 - PERS - MEDICAL Total: 58,599.60
Vendor: 02279 - PERS RETIREMENT
CalPERS Employee -42.78
Contribution
12/26/2024 DFT0009461 PERS RETIREMENT
12/26/2024 DFT0009462 PERS RETIREMENT CalPERS Employer Contribution -43.44 CalPERS Employee 45.77
Contribution
12/26/2024 DFT0009471 PERS RETIREMENT
12/26/2024 DFT0009472 PERS RETIREMENT CalPERS Employer Contribution 45.67 CalPERS Employee 11.74
Contribution
12/26/2024 DFT0009477 PERS RETIREMENT
12/26/2024 DFT0009478 PERS RETIREMENT CalPERS Employer Contribution 11.93 CalPERS Employee 64.14
Contribution
12/26/2024 DFT0009502 PERS RETIREMENT
12/26/2024 DFT0009503 PERS RETIREMENT CalPERS Employer Contribution 63.97 CalPERS Employee 1,938.17
Contribution
12/26/2024 DFT0009508 PERS RETIREMENT
12/26/2024 DFT0009509 PERS RETIREMENT CalPERS Employer Contribution 3,881.18 CalPERS Employee 1,557.32
Contribution
12/26/2024 DFT0009510 PERS RETIREMENT
12/26/2024 DFT0009511 PERS RETIREMENT CalPERS Employer Contribution 2,258.13 CalPERS Employee 3,045.74
Contribution
12/26/2024 DFT0009512 PERS RETIREMENT
12/26/2024 DFT0009513 PERS RETIREMENT CalPERS Employer Contribution 3,092.90 CalPERS Employee 1,737.32
Contribution
12/26/2024 DFT0009514 PERS RETIREMENT
12/26/2024 DFT0009515 PERS RETIREMENT CalPERS Employer Contribution 5,655.97 CalPERS Employee 416.83
Contribution
12/26/2024 DFT0009516 PERS RETIREMENT
12/26/2024 DFT0009517 PERS RETIREMENT CalPERS Employer Contribution 1,077.20 CalPERS Employee 7,139.30
Contribution
12/26/2024 DFT0009518 PERS RETIREMENT
12/26/2024 DFT0009519 PERS RETIREMENT CalPERS Employer Contribution 7,121.07 Employee Survivor 46.50
Contribution Amount
12/26/2024 DFT0009520 PERS RETIREMENT
Employee Survivor -0.93
Contribution Amount
12/31/2024 DFT0009528 PERS RETIREMENT
Vendor 02279 - PERS RETIREMENT Total: 39,123.70

Warrant Register Post Dates: 12/18/2024 - 1/7/2025
1/2/2025 11:17:23 AM Page 10 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount Vendor: 02281 - PERS
2025 REPL BENEFIT 3,902.16

CHARGE/RETIREE
01/02/2025 DFT0009497 PERS
Vendor 02281 - PERS Total: 3,902.16
Vendor: 02343 - PRO FORCE LAW ENFORCEMENT
01/07/2025 APA002087 PRO FORCE LAW ENFORCEME… 12/13 TASER SUPPLIES/PD 996.42 01/07/2025 APA002087 PRO FORCE LAW ENFORCEME… 12/13 TASER SUPPLIES/PD 1,883.55 Vendor 02343 - PRO FORCE LAW ENFORCEMENT Total: 2,879.97 Vendor: 04831 - RAY HIDALGO
10/6-12/15 COMM CTR 800.00

DEPOSIT RFD
01/07/2025 APA002071 RAY HIDALGO
Vendor 04831 - RAY HIDALGO Total: 800.00
Vendor: 04886 - SETH GUARDADO
01/07/2025 APA002067 SETH GUARDADO 12/14 PAVILION DEPOSIT RFD 100.00 Vendor 04886 - SETH GUARDADO Total: 100.00
Vendor: 02876 - SHRED-IT
11/5&11/6 SHREDDING 34.77

SVC/CH&PD
01/07/2025 APA002089 SHRED-IT
11/5&11/6 SHREDDING 216.05

SVC/CH&PD
01/07/2025 APA002089 SHRED-IT
Vendor 02876 - SHRED-IT Total: 250.82
Vendor: 05204 - SKYHAWKS SPORTS ACADEMY LLC
01/07/2025 APA002090 SKYHAWKS SPORTS ACADEMY…11/8-12/13 SOCCER 442.00 01/07/2025 APA002090 SKYHAWKS SPORTS ACADEMY…11/8-12/13 SOCCER TOTS 607.75 Vendor 05204 - SKYHAWKS SPORTS ACADEMY LLC Total: 1,049.75 Vendor: 02535 - SMART & FINAL
01/07/2025 APA002091 SMART & FINAL 12/9 KITCHEN SUPPLIES/PD 5.91 01/07/2025 APA002091 SMART & FINAL 12/4 SUPPLIES/EMPL RECOG 70.18 01/07/2025 APA002091 SMART & FINAL 12/13 KITCHEN SUPPLIES/PD 67.31 01/07/2025 APA002091 SMART & FINAL 12/10 KITCHEN SUPPLIES/PD 99.69 Vendor 02535 - SMART & FINAL Total: 243.09
Vendor: 02556 - SOUTHERN CALIFORNIA EDISON
12/19/2024 DFT0009500 SOUTHERN CALIFORNIA EDIS… 12/13 7701 BARBI/PED 22.73 12/19/2024 DFT0009501 SOUTHERN CALIFORNIA EDIS… 12/17 7831 WALKER/CP 264.98 12/27 8415 10,177.98

MEADOWLARK/BSTR
12/29/2024 DFT0009530 SOUTHERN CALIFORNIA EDIS…
12/29/2024 DFT0009531 SOUTHERN CALIFORNIA EDIS… 12/24 5712 LA PALMA TC1 74.99 Vendor 02556 - SOUTHERN CALIFORNIA EDISON Total: 10,540.68 Vendor: 02568 - STAPLES BUSINESS ADVANTAGE
01/07/2025 APA002092 STAPLES BUSINESS ADVANTA… 12/5 KITCHEN SUPPLIES/CH 8.22 01/07/2025 APA002092 STAPLES BUSINESS ADVANTA… 12/10 OFFICE SUPPLIES/REC 53.32 01/07/2025 APA002092 STAPLES BUSINESS ADVANTA… 12/12 PATROL SUPPLIES/PD 72.14 01/07/2025 APA002092 STAPLES BUSINESS ADVANTA… 12/12 PATROL SUPPLIES/PD 83.17 01/07/2025 APA002092 STAPLES BUSINESS ADVANTA… 12/12 KITCHEN SUPPLIES/CH 235.04 Vendor 02568 - STAPLES BUSINESS ADVANTAGE Total: 451.89 Vendor: 02576 - STEP SAVER INC
12/10 WTR TREATMENT 137.00

SUPPLIES/CY
01/07/2025 APA002093 STEP SAVER INC
12/10 WTR TREATMENT 141.25

SUPPLIES/WW
01/07/2025 APA002093 STEP SAVER INC
Vendor 02576 - STEP SAVER INC Total: 278.25
Vendor: 02459 - SWRCB FEES
7'24-6'25 WASTE DISCHARGE 823.00
FEE/PW
01/07/2025 39769 SWRCB FEES
Vendor 02459 - SWRCB FEES Total: 823.00
Vendor: 04122 - TAN NGUYEN OR WEST GROVE VOLLEYBALL LLC 01/07/2025 APA002083 TAN NGUYEN OR WEST GROVE…10/6-10/27 INT VOLLEYBALL 63.70 01/07/2025 APA002083 TAN NGUYEN OR WEST GROVE…11/24-12/15 INT VOLLEYBALL 48.10

Warrant Register Post Dates: 12/18/2024 - 1/7/2025
1/2/2025 11:17:23 AM Page 11 of 13
Payment Date Payment Number Vendor Name Description (Item) Amount 01/07/2025 APA002083 TAN NGUYEN OR WEST GROVE…11/24-12/15 ADV VOLLEYBALL 48.10 Vendor 04122 - TAN NGUYEN OR WEST GROVE VOLLEYBALL LLC Total: 159.90 Vendor: 02700 - TYLER TECHNOLOGIES INC
1/25-4/25 Incode AR Access 500.00
Saas Fees/FIN
01/07/2025 APA002095 TYLER TECHNOLOGIES INC
Vendor 02700 - TYLER TECHNOLOGIES INC Total: 500.00
Vendor: 02706 - U S BANK INSTITUTIONAL TRUST-WESTERN REGION PARS Part Time Retirement 860.64
Contributions
12/26/2024 APA002043 U S BANK INSTITUTIONAL TRU…
Vendor 02706 - U S BANK INSTITUTIONAL TRUST-WESTERN REGION Total: 860.64 Vendor: 02709 - U S POSTMASTER
01/07/2025 39770 U S POSTMASTER POSTAGE MACHINE REIMB 5,000.00 Vendor 02709 - U S POSTMASTER Total: 5,000.00
Vendor: 05144 - WILLIAM NOVAK
12/11 COMM CTR DEPOSIT 300.00
RFD
01/07/2025 APA002084 WILLIAM NOVAK
Vendor 05144 - WILLIAM NOVAK Total: 300.00
Grand Total: 562,314.95

Agenda Item No. 4 January 14, 2025 | 1
City of La Palma
Agenda Item No. 4
MEETING DATE: January 14, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Ryan Hallett, Assistant City Manager
AGENDA TITLE: Annual Comprehensive Financial Report (ACFR) for the Fiscal Year Ending June 30, 2024
RECOMMENDED ACTION:

It is recommended that the City Council receive and file the Annual Comprehensive Financial Report (ACFR) of the City of La Palma for the Fiscal Year ending June 30, 2024.

SUMMARY:

The attached ACFR describes in detail the financial position and financial activity of the City of La Palma for the fiscal year ended June 30, 2024. The City’s financial statements were audited and found to be in conformance with Generally Accepted Accounting Principles (GAAP). As a result, city staff has every reason to expect that this year’s ACFR will receive the Government Finance Officers Association of the United States and Canada’s Certificate of Achievement for Excellence in Financial Reporting. The City Manager’s letter of Transmittal and the Management Discussion and Analysis contained in the ACFR highlight the report’s contents.

FISCAL IMPACT:

None.

ATTACHMENTS:

1. FY 2023-24 Annual Comprehensive Financial Report

City of La Palma, California
Annual Comprehensive
Financial Report
Year Ended June 30, 2024

CITY OF LA PALMA, CALIFORNIA
Annual Comprehensive Financial Report
For the Fiscal Year Ended June 30, 2024
Prepared by: Administrative Services Department

CITY OF LA PALMA
Annual Comprehensive Financial Report
June 30, 2024
Table of Contents
Page
Introductory Section
Letter of Transmittal .................................................................................................................................. i City Officials ............................................................................................................................................ v Organizational Chart ............................................................................................................................... vi Certificate of Achievement for Excellence in Financial Reporting ........................................................ vii Financial Section
Independent Auditor’s Report .................................................................................................................. 1 Management’s Discussion and Analysis (Unaudited) .............................................................................. 4 Basic Financial Statements:

Government-Wide Financial Statements
Statement of Net Position ................................................................................................................ 19 Statement of Activities ..................................................................................................................... 20 Fund Financial Statements:

Balance Sheet – Governmental Funds ............................................................................................. 26 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position ................................................................................................................................. 29 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds ................................................................................................................... 30 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ....................................... 32 Proprietary Funds:

Statement of Net Position ................................................................................................................ 34 Statement of Revenues, Expenses, and Changes in Fund Net Position ........................................... 35 Statement of Cash Flows ................................................................................................................. 36 Fiduciary Funds:

Statement of Fiduciary Net Position ................................................................................................ 40 Statement of Changes in Fiduciary Net Position ............................................................................. 41 Notes to Basic Financial Statements ...................................................................................................... 45 Required Supplementary Information
Schedule of the Proportionate Share of Net Pension Liability- CalPERS Miscellaneous Pension Plan ........................................................................................................ 88 Schedule of Pension Contributions- Miscellaneous Cost Sharing Plan ........................................... 90 Schedule of the Proportionate Share of Net Pension Liability- CalPERS Safety Pension Plan ................................................................................................................................ 92 Schedule of Pension Contributions- Safety Cost Sharing Plan ........................................................ 94

CITY OF LA PALMA
Annual Comprehensive Financial Report
June 30, 2024
Table of Contents
Page
Financial Section (Continued)
Required Supplementary Information (Continued)
Schedule of Changes in the Net OPEB Liability and Related Ratios .............................................. 96 Schedule of Plan Contributions – OPEB ....................................................................................... 100 Schedule of Revenues, Expenditures, and Changes in Fund Balance, Budgetary Comparison Schedule - General Fund ..................................................................... 102 Schedule of Revenues, Expenditures, and Changes in Fund Balance, Budgetary comparison Schedule - Housing Special Revenue Fund ......................................... 103 Notes to Required Supplementary Information ............................................................................. 104 Combining and Individual Fund Financial Statements and Schedules Non-major Special Revenue Funds:

Combining Balance Sheet ......................................................................................................... 110 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances ................. 112 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Streets Fund .................................................................................................................................... 114 Measure M Fund ............................................................................................................................ 115 Park Development Fund ................................................................................................................. 116 Air Quality Improvement Fund ...................................................................................................... 117 Supplemental Law Enforcement Service Fund .............................................................................. 118 Public Safety Augmentation Fund ................................................................................................. 119 Abandoned Vehicles Fund ............................................................................................................. 120 Asset Seizure Fund ......................................................................................................................... 121 PEG Fund ....................................................................................................................................... 122 BSCC Local Law Enforcement Grant Fund .................................................................................. 123 Road Maintenance and Rehabilitation Account Fund .................................................................... 124 North OC Public Safety Task Force Grant Fund ........................................................................... 125 Internal Service Funds
Combining Statement of Net Position ............................................................................................ 128 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position ...................... 130 Combining Statement of Cash Flows ............................................................................................. 132

CITY OF LA PALMA
Annual Comprehensive Financial Report
June 30, 2024
Table of Contents
Page
Statistical Section (Unaudited)
Overview of the Statistical Section ....................................................................................................... 137 Financial Trends
Net Position by Component – Last Ten Fiscal Years ........................................................................ 138 Changes in Net Position – Last Ten Fiscal Years .............................................................................. 140 Fund Balances of Governmental Funds – Last Ten Fiscal Years ...................................................... 144 Changes in Fund Balances of Governmental Funds – Last Ten Fiscal Years ................................... 146 Revenue Capacity
Net Taxable Assessed Value of Taxable Property – Last Ten Fiscal Years ..................................... 148 Direct and Overlapping Property Tax Rates – Last Ten Fiscal Years .............................................. 149 Top Ten Property Tax Payers – Current and Ten Years Ago ........................................................... 150 Property Tax Levies and Collections – Last Ten Fiscal Years ......................................................... 151 Debt Capacity
Ratios of Outstanding Debt by Type – Last Ten Fiscal Years ......................................................... 152 Direct and Overlapping Bonded Debt – Last Ten Fiscal Years ...................................................... 153 Legal Debt Margin Information – Last Ten Fiscal Years ................................................................. 154 Demographic and Economic Information
Demographic and Economic Statistics – Last Ten Calendar Years ................................................. 155 Operating Information
Operating Indicators by Function – Last Ten Fiscal Years .............................................................. 156 Capital Asset Statistics by Function – Last Ten Fiscal Years .......................................................... 157 Principal Employers – Last Ten Fiscal Years................................................................................... 158 Full-Time Budgeted Positions by Function – Last Ten Fiscal Years ............................................... 159

www.cityoflapalma.org PHONE
714 690 3300
7822 Walker Street FAX
La Palma, CA 90623-1771 714 523 2141
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December 10, 2024
To the Members of the City Council and Residents of the City of La Palma:

We are pleased to present the Annual Comprehensive Financial Report of the City of La Palma for the fiscal year ended June 30, 2024. The purpose of this report is to provide the City Council, residents, general public, and other interested parties a broad financial outlook of the City as well as to comply with state law.

The Annual Comprehensive Financial Report is prepared in accordance with Generally Accepted Accounting Principles (GAAP) using the guidelines set forth by the Government Accounting Standards Board, and it has been audited by Moss, Levy & Hartzheim, LLP, a certified public accounting firm. For the year ended June 30, 2024, these financial statements received an unmodified opinion by Moss, Levy & Hartzheim, LLP. The independent auditor's report is presented at the beginning of the financial section of this report.

GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management's Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The City's MD&A can be found immediately following the report from the independent auditors.

This report consists of management's representations concerning the finances of the City.

Consequently, management assumes full responsibility for the completeness and reliability of all the information presented in this report. To provide a reasonable basis for making these representations, the management of the City has established a comprehensive internal control framework that is designed both to protect the City's assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the City's financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the City's comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement.

As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects.

As a recipient of Federal, State, and County financial assistance, the City is also responsible for ensuring that an adequate internal control structure is in place to ensure compliance with applicable laws and regulations related to those programs. This internal control structure is subject to periodic evaluation by management. Under the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly called "Uniform Guidance"), the City is not required to have a single audit for the fiscal year ended June 30, 2024.

Members of the City Council and Residents of the City of La Palma December 10, 2024
ii
Profile of the Government
The City, incorporated in 1955, is located in the northwest corner of Orange County. The City currently occupies a land area of approximately two square miles and serves a population of 15,071. The City is empowered to levy a property tax on both real and personal properties located within its boundaries.

The City has operated under the council-manager form of government since 1955. Policy making and legislative authority are vested in a City Council consisting of the Mayor and four other Council Members. The City Council is responsible for, among other things, passing ordinances, adopting the budget, appointing committees, and hiring the City Manager. The City Manager is responsible for carrying out the policies and ordinances of the City Council, for overseeing the day-to-day operations of the City, and for appointing the department directors. The City Council is elected on a non-partisan basis. Councilmembers serve four-year staggered terms. The Mayor serves a one-year term and is selected for the position annually by the City Council as a whole.

The City provides a full range of services, including police protection; the construction and maintenance of highways, streets, and other infrastructure; recreational and cultural activities; water and sewer services; building and safety, land use planning, and zoning control services. In addition, there are the standard internal support services such as payroll, accounts payable, human resources, risk management, budget and financial reporting, and general accounting which are essential to the success of the City's overall operations.

Budgeting and Financial Planning
As a general law city within the State of California, the City of La Palma is required to adopt a budget. The annual budget serves as the foundation for the City's financial planning and control.

The budget development process generally begins in January, guided by annual goals established by the City Council as well as the current and long-term fiscal prognosis of the City. Budget development proceeds through the spring with budget adoption typically in June.

The City Manager utilizes the City Council goals and the strategic planning process as the starting point for developing a proposed budget for the subsequent fiscal year. All departments of the City are required to submit requests for appropriations to the City Manager each year. After a series of study sessions and public meetings with the community and the City Council, the City Manager formally presents the proposed budget to the City Council. The City Council holds a public hearing on the proposed budget and adopts a final budget prior to July 1, the beginning of the City's fiscal year.

The appropriated budget is prepared by fund (e.g., General Fund, Gas Tax Fund) and department (e.g., Police, Community Services), with further demarcation of appropriations by program (e.g., Code Enforcement, City Clerk). Department directors may make transfers of appropriations within a department, within the same fund. Transfers of appropriations between departments, however, require the approval of the City Manager. At no time can any budget adjustments increase total appropriations without prior City Council approval.

Members of the City Council and Residents of the City of La Palma December 10, 2024
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Budget-to-actual comparisons are provided in this report for each individual governmental fund for which an appropriated annual budget has been adopted. For the General Fund and the Housing Special Revenue Fund this comparison is presented as part of the required supplementary information section in the accompanying financial statements. For all other governmental funds that have appropriated annual budgets, this comparison is presented in the supplementary section of the accompanying financial statements.

Factors Affecting the City's Financial Condition
As a vibrant City, La Palma's economic outlook is influenced by various factors, including local businesses, employment opportunities, industry trends, and government initiatives. La Palma's economy thrives on diverse industries, including technology, healthcare, retail, and professional services. This diversity helps to mitigate the risks associated with reliance on a single sector and promotes resilience in the face of economic fluctuations. The City maintains a prudent philosophy regarding its spending, which has led to healthy reserves. Lessons from prior years indicate that the economy can fluctuate from growth to recession and back again.

Awards and Acknowledgements
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City for its annual comprehensive financial report for the year ended June 30, 2023. This was the twenty-fifth year that the City has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both GAAP and applicable legal requirements. A Certificate of Achievement is valid for a period of only one year. We believe that our current annual comprehensive financial report (for the year ended June 30, 2024) continues to meet the Certificate of Achievement Program's requirements.

The preparation of this report would not have been possible without the dedicated services of the staff of the Administrative Services Department. Their dedicated efforts in the preparation of the final financial documents are reflected in the quality of this report. We would also like to thank our independent auditing firm, Moss, Levy & Hartzheim, LLP, for their expertise and advice in the preparation of this year's financial report.

In closing, a thank you is also due to our City Council for their interest and support in planning and conducting the financial operations of the City in a responsible and progressive manner.

Respectfully submitted,
Conal McNamara
City Manager

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CITY OF LA PALMA
City Officials
v
City Council
Marshall Goodman Mayor
Mark Waldman Mayor Pro Tem
Janet Keo Conklin Council Member
Nitesh Patel Council Member
Debbie Baker Council Member
Administrative Officials
Conal McNamara City Manager
Ryan Hallett Assistant City Manager
Joe Guerrero Police Chief
Andy Ramirez Public Works/Community
Services Director

 



  

vi

CITY OF LA PALMA
Certificate of Achievement for Excellence in Financial Reporting vii
Government Finance Officers Association
Certificate of
Achievement for
Excellence in
Financial Reporting
Presented to
City of La Palma
California
For its Annual Comprehensive Financial Report
For the Fiscal Year Ended June 30, 2023
Executive Director/CEO

FINANCIAL SECTION

PARTNERS COMMERCIAL ACCOUNTING & TAX SERVICES GOVERNMENTAL AUDIT SERVICES CRAIG A HARTZHEIM, CPA 8383 WILSHIRE BLVD., SUITE 800 5800 HANNUM AVE., SUITE E HADLEY Y HUI, CPA BEVERLY HILLS, CA 90211 CULVER CITY, CA 90230 ALEXANDER C HOM, CPA TEL: 310.670.2745 TEL: 310.670.2745 ADAM V GUISE, CPA FAX: 310.670.1689 FAX: 310.670.1689
TRAVIS J HOLE, CPA www.mlhcpas.com www.mlhcpas.com

WILSON LAM, CPA
1 OFFICES: BEVERLY HILLS ∙ CULVER CITY ∙ SANTA MARIA
MEMBER AMERICAN INSTITUTE OF C.P.A.’S ∙ CALIFORNIA SOCIETY OF MUNICIPAL FINANCE OFFICERS ∙ CALIFORNIA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS Independent Auditor’s Report
To the Honorable Mayor and Members of the City Council
of the City of La Palma
La Palma, 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 La Palma, California (City) as of and for the fiscal year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2024, and the respective changes in financial position and, where applicable, cash flows thereof for the fiscal 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 these 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 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 on pages 4 through 14, the Schedule of the Proportionate Share of the Net Pension Liability – CalPERS Miscellaneous Pension Plan, Schedule of Pension Contributions – Miscellaneous Cost Sharing Plan, Schedule of the Proportionate Share of the Net Pension Liability – CalPERS Safety Pension Plan, Schedule of Pension Contributions – Safety Cost Sharing Plan, the Schedule of Changes in the Net OPEB Liability and Related Ratios, Schedule of Plan Contributions – Other Postemployment Benefit Plan, Budgetary Comparison Schedule for the General Fund, and the Budgetary Comparison Schedule for the Housing Special Revenue Fund on pages 88 through 103 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 an opinion on the financial statements that collectively comprise the City’s basic financial statements. The Combining Balance Sheet, Combining Statement of Revenues, Expenditures, and Changes in Fund Balance, and the individual Schedules of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual of the Major Capital Project Fund, Nonmajor Governmental Funds, the Combining Statement of Net Position, the Combining Statement of Revenues, Expenses, and Changes in Fund Net Position, and Combining Statement of Cash Flows – Internal Service Funds listed in the table of contents are presented for purposes of additional analysis and are not required parts of the basic financial statements. Such information is the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or 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 Balance Sheet, Combining Statement of Revenues, Expenditures, and Changes in Fund Balance, and the individual Schedules of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual of the Major Capital Project Fund, Non-major Governmental Funds; the Combining Statement of Net Position, the Combining Statement of Revenues, Expenses, and Changes in Fund Net Position, and Combining Statement of Cash Flows – Internal Service Funds are fairly stated, in all material respects in relation to the basic financial statements taken 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 information, and we do not express an opinion or provide 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 December 10, 2024, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters.

The purpose of that report is 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 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.

Moss, Levy & Hartzheim, LLP
Culver City, California
December 10, 2024

CITY OF LA PALMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2024
4 As management of the City of La Palma (City), we offer readers of the City’s financial statements this narrative overview and analysis of the financial activities for the fiscal year ended June 30, 2024. We encourage readers to consider the information presented here in conjunction with additional information furnished in our letter of transmittal and the City’s basic financial statements.

This Annual Comprehensive Financial Report consists of the following sections:
 Introductory Section – contains the City’s transmittal letter and organizational information about the City.  Financial Section – contains the independent auditors’ report, Management’s Discussion & Analysis, Basic Financial Statements, Notes to the Basic Financial Statements, Required Supplementary Information, and Other Supplementary Schedules.
 Statistical Section – contains information on the financial health of the City including schedules pertaining to financial trends, revenue capacity, debt capacity, demographic, economic, and operating information.

The discussion and analysis presented herein is intended to serve as an introduction to the City’s basic financial statements. The comparisons in the discussion and analysis are between FY 2022-23 and FY 2023-24. All increases and decreases are expressed relative to FY 2022-23 amounts.

FINANCIAL HIGHLIGHTS
Government-wide Statements:
• Assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources at the close of the fiscal year ended June 30, 2024, by $61.7 million (net position). Of this amount, $27.0 million is unrestricted and may be used to meet the government’s ongoing obligations to citizens and creditors. The City’s total net position increased by $1.8 million over the prior fiscal year.

Fund Statements:

Governmental Funds
 As of June 30, 2024, the City’s governmental funds reported a combined ending fund balance of $34.9 million. Of this amount, $8.9 million is unassigned and is available for spending at the City’s discretion.

Fund balance increased by $2.7 million over the prior fiscal year.  As of June 30, 2024, the General fund reported an ending fund balance of $18.4 million. Of this amount, $8.9 million is unassigned and is available for spending at the City’s discretion. Fund balance increased by $2.9 million over the prior fiscal year.

Proprietary Funds
 As of June 30, 2024, the Water and Sewer Enterprise funds reported ending net position of $13.4 million.

Of this amount, $8.3 million is unrestricted and is available for spending at the City’s discretion on enterprise activities. Net position decreased by $0.4 million from the prior fiscal year.  As of June 30, 2024, the Internal Service funds reported ending net position of $5.0 million. Of this amount, $4.7 million is unrestricted and is available for spending at the City’s discretion. Net position increased by $0.6 million over the prior fiscal year.

CITY OF LA PALMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS, CONTINUED
JUNE 30, 2024
5 OVERVIEW OF THE FINANCIAL STATEMENTS
Basic Financial Statements: The City’s Basic Financial Statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. The report also includes required supplementary information and other supplementary information. The following table summarizes the major features of the City's basic financial statements, including the portion of the City government they cover and the types of information they contain.

Major Features of the City's Government-wide and Fund Financial Statements Government-wide
Statements Governmental Funds
Fund Statements
Proprietary Funds Fiduciary Funds
Scope Entire City
government (except
fiduciary funds)
and the component
units
The activities of the
City that are not
proprietary or
fiduciary
Activities the City
operates similar to
private businesses
Where the City is the
trustee or agent for the
private purpose trust
Required financial
statements
 Statement of
net position
 Statement of
activities
 Balance sheet
 Statement of
revenues,
expenditures,
and changes in
fund balances
 Statement of fund
net position
 Statement of
revenues,
expenses, and
changes in net
position
 Statement of cash
flows
 Statement of
fiduciary net
position
 Statement of
changes in
fiduciary net
position
Accounting basis
and measurement
focus
Accrual accounting
and economic
resources focus
Modified accrual
accounting and
current financial
resources focus
Accrual accounting
and economic
resources focus
Accrual accounting and
economic resources
focus
Type of asset/
liability
information
All assets, deferred
outflows of
resources,
liabilities, and
deferred inflows of
resources: both
financial and
capital and shortterm and long-term
Only assets that are
available to be used
and liabilities that
come due during
the year or soon
thereafter; includes
deferred inflows of
resources which
reflect unavailable
revenues; no capital
assets or long-term
debt included
All assets, deferred
outflows of resources,
liabilities, and deferred
inflows of resources:
both financial and
capital and short-term
and long-term
All assets and liabilities,
both short-term and
long-term; although
allowed, the City's
fiduciary funds do not
currently contain capital
assets
Type of inflow/
outflow
information
All revenues and
expenses during the
year, regardless of
when cash is
received or paid
Revenues for which
cash is received
during or soon after
the end of the year;
expenditures when
goods or services
have been received
and payment is due
during the year or
soon thereafter
All revenues and
expenses during the
year, regardless of
when cash is received
or paid
All revenues and
expenses during year,
regardless of when cash
is received or paid

CITY OF LA PALMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS, CONTINUED
JUNE 30, 2024
6 Government-wide Financial Statements - Reporting the City as a Whole The accompanying government-wide financial statements include two statements that present financial data for the City as a whole. One of the most important questions about the City's finances is, “How is the City as a whole doing financially when compared with the prior fiscal year?” The Statement of Net Position and the Statement of Activities report information about the City as a whole and about its activities in a way that help answer this question. These statements include all assets and liabilities using the accrual basis of accounting whereby all of the current fiscal year's revenues and expenses are taken into account regardless of when cash is received or paid. Since the January 2012 dissolution of redevelopment agencies, the financial activities and position of the Successor Agency are reported within the fiduciary fund statements and not within the government-wide statements.

These two statements report the City's net position and the changes in them. The City's net position – assets and deferred outflows of resources less liabilities and deferred inflows of resources – is one way to measure the City's financial health, or financial position. Over time, increases and decreases in the City's net position can be an indicator of whether its financial health is improving or deteriorating. However, other nonfinancial factors such as legislation passed by the State affecting the treatment of revenue and the City’s ability to retain assets, changes in the City's property tax base, or the condition of the City's infrastructure, should be considered in order to truly assess the overall health of the City.

The government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include general government, public safety, public works, recreation, and community development. The City’s business-type activities are comprised of water and sewer functions.

The government-wide financial statements are in this report’s financial section immediately following the Management’s Discussion and Analysis.

Fund Financial Statements
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. The City of La Palma, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into three categories: governmental funds, proprietary funds, and fiduciary 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 near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at year-end. Governmental fund information helps determine whether there are more or fewer financial resources that can be spent in the near future to finance the City’s programs. Fund balance is categorized into a hierarchy of five classifications: non-spendable, restricted, committed, assigned, and unassigned. These categories facilitate analysis of the City’s commitment of financial resources.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for 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 a reconciliation to facilitate this comparison between governmental funds and governmental activities. These reconciliations are part of the basic financial statements and immediately follow the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances.

CITY OF LA PALMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS, CONTINUED
JUNE 30, 2024
7 The City maintains several individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the General Fund, the Successor Housing Fund, and the Capital Outlay Reserve Fund, all of which are considered to be major funds. Data from all other governmental funds are combined into a single, aggregated column that is titled, “Nonmajor Governmental Funds.” Individual fund data for each of these non-major governmental funds is provided in the optional supplementary information section of this report.

The City adopts an annual appropriated budget for the General Fund and generally for each of the Special Revenue Funds. No annual budget is adopted for the Capital Outlay Reserve Fund. A budgetary comparison statement has been provided for the General Fund and each major Special Revenue fund to demonstrate compliance with the budget. These budgetary comparison statements are found within the Required Supplementary Information Section.

The basic governmental fund financial statements can be found in the financial section of this report immediately following the government-wide financial statements.

Proprietary Funds consist of both enterprise and internal service funds. When the City charges customers for the services it provides – whether to outside customers or to other units of the City – these services are reported in proprietary funds. Proprietary funds are reported in the same way that all activities are reported in the Statement of Net Position and the Statement of Activities. In fact, the City's enterprise funds (a component of proprietary funds) are the same as the business-type activities reported in the government-wide statements but provide more detail and additional information, such as cash flows, for the proprietary funds. Internal service funds (the other component of proprietary funds) are used to report activities that primarily provide supplies and services for the City's other programs and activities.

The City has two enterprise funds – the Water Fund and the Sewer Fund. The internal service funds are for Risk Management, Employee Benefits, Facility Maintenance, Vehicle Replacement, and Technology Replacement. The basic proprietary fund financial statements are found immediately following the governmental fund financial statements.

Fiduciary Funds are used to account for resources held for, and under the control of, other organizations and individuals. The City's fiduciary activities are reported in a separate Statement of Fiduciary Net Position. These activities are excluded from the City's other financial statements because the City cannot use these assets to finance its operations. The City is responsible for ensuring that the assets reported in these funds are used for their intended purposes. The fiduciary fund financial statements are found immediately following the proprietary fund financial statements.

Notes to the Basic Financial Statements
The notes to the basic financial statements provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes are found immediately following the fiduciary fund financial statements.

Other Information
This report presents certain required supplementary information such as the comparison of budget to actual results for the general and major special revenue funds. Required supplementary information is found immediately following the notes to the basic financial statements.

Optional supplementary information is also presented in this report. This supplementary information consists of combining and individual fund statements for non-major governmental funds and for the internal service funds.

This information is found immediately following the required supplementary information.

CITY OF LA PALMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS, CONTINUED
JUNE 30, 2024
8 GOVERNMENT-WIDE FINANCIAL ANALYSIS
A summary of the government-wide Statement of Net Position as of June 30, 2024, and June 30, 2023, is as follows:

Condensed Statement of Net Position
(In Millions)
Over time, net position may serve as a useful indicator of a City’s financial position. At June 30, 2024, the City’s assets and deferred outflows exceeded liabilities and deferred inflows by $61.7 million.

A large portion of the City’s net position ($24.9 million or 40.7%) is its investment in capital assets (e.g. land, infrastructure, buildings, and equipment). The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. An additional portion of the City’s net position ($9.9 million or 16.0%) represents resources that are subject to external restrictions on how they may be used. The remaining balance is unrestricted net position ($26.9 million or 43.3%) which may be used to meet the City’s ongoing obligations to citizens and creditors.

Business- BusinessGovernmental Type Governmental Type
Activities Activities Total Activities Activities Total June 30, 2024 June 30, 2023
Current and other assets $ 52.0 10.1$ 62.1$ $ 48.0 10.8$ $ 58.8 Capital assets 20.4 5.0 25.4 20.0 4.6 24.6
Total Assets 72.4 15.1 87.5 68.0 15.4 83.4
Deferred Outflows 9.3 0.7 10.0 10.5 0.9 11.4
Long-term debt outstanding 23.0 1.7 24.7 21.2 1.6 22.8
Other liabilities 7.6 0.5 8.1 7.7 0.7 8.4
Total Liabilities 30.6 2.2 32.8 28.9 2.3 31.2
Deferred Inflows 2.8 0.2 3.0 3.5 0.2 3.7
Net Position:

Net investment in capital assets 19.9 5.0 24.9 19.8 4.7 24.5 Restricted 9.8 0.1 9.9 9.1 - 9.1
Unrestricted 18.6 8.3 26.9 17.2 9.1 26.3
Total Net Position $ 48.3 13.4$ 61.7$ $ 46.1 13.8$ $ 59.9

CITY OF LA PALMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS, CONTINUED
JUNE 30, 2024
9 A summary of the government-wide Statement of Activities for the fiscal years ending June 30, 2024, and June 30, 2023, is as follows:

Condensed Statement of Activities
(In Millions)
Governmental Activities
Governmental Activities increased the City’s net position by $2.2 million in contrast to the prior fiscal year’s increase of $2.3 million. Key elements of this net decrease of $0.1 million include the following:
 Overall revenues were $1.8 million higher when compared with the previous fiscal year. Sales Tax increased by $0.6 million primarily due to some 22/23 taxes in the amount of $230 thousand that were received in 23/24.

In 23/24, there were no similarly delayed payments. Interest income increased by $1.2 million when compared to fiscal year 22/23.
 Expenses increased by $1.7 million when compared to the previous fiscal year. The main reason for the difference was in the pension adjustments due to GASB Stmt No. 68. For fiscal year 22/23, the pension adjustments increased expenses by $333 thousand primarily because CalPERS earned a negative 6.1% during the measurement period ending June 30, 2022 (reflected in the City’s 22/23 ACFR), but larger adjustments Business- BusinessGovernmental Type Governmental Type
Activities Activities Total Activities Activities Total June 30, 2024 June 30, 2023
Revenues:

Program revenues:

Charges for services $ 1.1 4.0$ 5.1$ $ 1.4 3.8$ $ 5.2
Operating contributions
and grants 1.6 - 1.6 1.3 - 1.3
Capital contributions
and grants 0.4 - 0.4 0.6 - 0.6
General revenues:

Property taxes 5.1 - 5.1 4.9 - 4.9
Sales taxes 4.7 - 4.7 4.1 - 4.1
Utility users taxes 1.2 - 1.2 1.3 - 1.3
Other taxes 1.1 - 1.1 1.0 - 1.0
Other general revenues 2.9 0.3 3.2 1.7 0.1 1.8
Total Revenues 18.1 4.3 22.4 16.3 3.9 20.2
Expenses:

Program expenses:

General government 4.8 - 4.8 4.6 - 4.6
Public safety 6.6 - 6.6 5.6 - 5.6
Public works 2.6 - 2.6 2.5 - 2.5
Recreation 1.6 - 1.6 1.4 - 1.4
Community development 1.1 - 1.1 0.9 - 0.9
Water - 3.3 3.3 - 3.1 3.1
Sewer - 0.6 0.6 - 0.3 0.3
Total Expenses 16.7 3.9 20.6 15.0 3.4 18.4
Excess before transfers 1.4 0.4 1.8 1.3 0.5 1.8
Transfers 0.8 (0.8) - 1.0 (1.0) -
Change in net position 2.2 (0.4) 1.8 2.3 (0.5) 1.8
Beginning net position 46.1 13.8 59.9 43.8 14.3 58.1
Ending net position $ 48.3 13.4$ 61.7$ $ 46.1 13.8$ $ 59.9

CITY OF LA PALMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS, CONTINUED
JUNE 30, 2024
10 (also resulting from the poor CalPERS investment performance in 21/22) caused expenses in 23/24 to increase by $1.7 million including $1.0 million in public safety expenses.

The following two charts illustrate the revenues by source and expenses by function of the City’s Governmental Activities.

General revenues such as property tax, utility users tax, and sales and transaction use taxes are not shown by program since they are effectively used to support program activities citywide. Program revenues mainly consist of charges for services and program-related grants and contributions. Without regard for program, taxes are the largest

CITY OF LA PALMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS, CONTINUED
JUNE 30, 2024
11 single source of governmental revenue for the City (67.0% of total revenue), followed by grants and contributions (10.9% of total revenue), other general revenue (16.2% of total revenue), and charges for services (5.9% of total revenue).

Business-type Activities
Business-type activities are financed primarily by fees charged to external parties for goods and services. Businesstype activities decreased the City’s net position by $368,000 in FY 2023-24; in comparison, the prior fiscal year’s activities decreased net position by $515,000. In the prior fiscal year, program expenses for water and sewer activities totaled $3.4 million and were able to be fully funded by program revenue of $3.8 million and general revenues of $0.1 million. Also, $1.0 million was transferred to governmental activities. In the current fiscal year, program expenses for water and sewer activities totaled $3.9 million and were able to be fully funded by program revenue of $4.0 million and general revenues of $0.4 million. Current fiscal year transfers to governmental activities totaled $0.8 million.

CITY OF LA PALMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS, CONTINUED
JUNE 30, 2024
12 FINANCIAL ANALYSIS OF THE CITY'S FUNDS
The City uses fund accounting to provide proper financial management of the City's resources and to demonstrate compliance with finance-related legal requirements (i.e., accounting for the receipt and expenditure of restricted funds). At the end of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $34.9 million, an increase of $2.7 million over the fiscal prior year’s ending fund balance of $32.2 million.

Revenues of $17.6 million exceeded expenditures of $16.0 million. Net transfers in from proprietary funds for administration costs totaled $0.8 million.

Major Governmental Funds – The General Fund is the chief operating fund of the City and comprises approximately 80% of the current fiscal year’s total governmental expenditures. At the end of the current fiscal year, the “spendable” portion of the General Fund’s fund balance (i.e., Committed, Assigned, and Unassigned fund balance) was $18.4 million. As a measure of the General Fund's liquidity, it may be useful to compare this “spendable” portion of fund balance to total General Fund expenditures. Using this metric, total General Fund “spendable” fund balance represents 141.9% of the fiscal year’s total General Fund expenditures. The General Fund’s Unassigned fund balance was $8.9 million at June 30, 2024, and represents 68.9% of total General Fund expenditures.

The City’s General Fund had a net increase to fund balance of $2.8 million in FY 2023-24 in comparison to a net increase of $1.6 million in FY 2022-23. The primary reasons for the net $1.2 million year-to-year change is as follows:
 Tax revenues were $1.0 million higher than in the prior fiscal year. Sales tax was up $670 thousand primarily because $230 thousand of sales tax from late 2022 was misallocated to other cities. The sales tax revenues were received by the City in October 2023, so they were recorded in 23/24. There was no similar misallocation missing from 23/24, so the misallocation resulted in a $460 thousand increase from the prior fiscal year. Property taxes were up $200 thousand, and transient occupancy tax was up $100 thousand.  Investment income increased by $780,000 due to stabilizing interest rates. The fair market value of investments were lower at the end of the prior fiscal year because the Federal Government was raising interest rates. This reduction in fair value was significantly higher in the prior fiscal year.  Prior year miscellaneous revenue included $268,000 received for a PCB settlement in June 2023.  Overall expenditures increased by $0.5 million. The main increases were the $480 thousand increase in capital outlay and principal payments for SBITAs (Subscription Based Information Technology Arrangements).

The Housing Fund was created as part of the dissolution of redevelopment during the 2011-12 fiscal year. This fund is used to record the non-cash assets formerly held by the former Community Development Commission’s Low and Moderate Income Housing Fund as well as the proceeds from the operation of a senior apartment complex per a 1998 agreement. This fund ended the fiscal year with a fund balance of $4.7 million, which is $120 thousand lower than the prior fiscal year’s ending balance. All of this fund’s fund balance is restricted for housing activities.

The Capital Outlay Reserve Fund is used to account for the financial resources segregated for City capital improvement projects. This fund ended the fiscal year with a fund balance of $8.1 million, which is all assigned for capital projects.

Major Enterprise Funds. At the end of the fiscal year, unrestricted fund net position of the Water Fund totaled $3.4 million and the Sewer Fund totaled $5.0 million. The combined decrease in fund net position from operations and transfers was $370,000 in FY 2023-24, as explained previously in the Business Activities of the Governmentwide section of this analysis.

CITY OF LA PALMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS, CONTINUED
JUNE 30, 2024
13 GENERAL FUND BUDGETARY HIGHLIGHTS
In preparing its budgets, the City attempts to estimate its revenues using realistic, but conservative, methods so as to budget its expenditure appropriations and activities in a prudent manner. As a result, the City Council adopted General Fund budget adjustments during the course of the fiscal year to reflect both changed priorities and availability of additional revenues. Revenue budget adjustments totaled a net decrease of $119 thousand as revenue trends were re-evaluated. Expenditure budget adjustments were minor and totaled a net increase of $202,000.

CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets (Net of Accumulated Depreciation)
(In Millions)
The City's investment in capital assets for its Governmental and Business-type Activities as of June 30, 2024, totaled $24.9 million (net of accumulated depreciation and net of capital related debt (direct borrowings)). This investment in capital assets includes land, buildings and improvements, equipment, vehicles, furniture and fixtures, and infrastructure. Additional information on the City's capital assets can be found in Note 6 of the Notes to the Basic Financial Statements.

Long-term Liabilities
(In Millions)
The amount of general obligation debt a City may issue is limited by state statutes to a maximum of 15% of the City’s total assessed value. The City currently has no general obligation debt, and, therefore, has no debt that is applicable to the limit. Additional information on the City's long-term liabilities can be found in Notes 7, 8, and 10 of the Notes to the Basic Financial Statements.

Business- BusinessGovernmental Type Governmental Type
Activities Activities Total Activities Activities Total June 30, 2024 June 30, 2023
Land $ 8.0 0.8$ 8.8$ $ 8.0 0.8$ $ 8.8
Construction in process 0.7 - 0.7 0.7 - 0.7
Buildings and improvements 5.8 0.8 6.6 5.4 0.8 6.2
Equipment 1.7 1.5 3.2 1.9 1.0 2.9
Vehicles 0.6 - 0.6 0.3 - 0.3
Intangible right-to-use 0.2 - 0.2 - - -
Infrastructure 3.4 1.9 5.3 3.7 2.0 5.7
Total Capital Assets $ 20.4 5.0$ 25.4$ $ 20.0 4.6$ $ 24.6 Business- BusinessGovernmental Type Governmental Type
Activities Activities Total Activities Activities Total June 30, 2024 June 30, 2023
Direct Borrowings $ 0.3 -$ 0.3$ $ 0.1 -$ 0.1$
SBITAs 0.2 - 0.2 - - -
Net pension liability 21.9 1.7 23.6 20.5 1.6 22.1
Compensated absences 0.6 - 0.6 0.6 - 0.6
Total Long-term
Liabilities $ 23.0 1.7$ 24.7$ $ 21.2 1.6$ 22.8$

CITY OF LA PALMA, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS, CONTINUED
JUNE 30, 2024
14 ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS
The City of La Palma has achieved consistent economic growth while fostering a conducive environment for its residents. This has been accomplished through actively promoting business development, strategic infrastructure investments, and staying abreast of industry trends. As these measures persist, they will further augment prosperity and elevate the overall quality of life within the community.

Since the pandemic, the economy has recovered rather quickly, but with the unprecedented Federal spending, inflation has reached levels unseen in the past 40 years. Strong job numbers and low unemployment rates allowed consumption spending to stay solid. However, bank closures have tested the stock market, and as a result, investors and consumers are nervous about the security and accessibility of their funds. One of the most vulnerable segments includes discretionary spending as consumers closely monitor their finances. We continue to closely monitor fluctuating key indicators that have led many experts to draw mixed conclusions regarding the fluid economic outlook. The City was able to handle the economic volatility we because the City had strong reserves. For the FY 2024-25 budget, the City Council directed that core services remain without adding unnecessary ongoing costs.

As a vibrant City, La Palma's economic outlook is influenced by various factors, including local businesses, employment opportunities, industry trends, and government initiatives. La Palma's economy thrives on diverse industries, including technology, healthcare, retail, and professional services. This diversity helps to mitigate the risks associated with reliance on a single sector and promotes resilience in the face of economic fluctuations. The City maintains a prudent philosophy regarding its spending, which has led to healthy reserves. Lessons from prior fiscal years indicate that the economy can fluctuate from growth to recession and back again.

REQUESTS FOR INFORMATION
This financial report is designed to provide the City’s citizens, taxpayers, customers, 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 Administrative Services Department, City of La Palma, 7822 Walker Street, La Palma, California 90623, 714-690-3300. This report can also be found on the City’s website at http://www.cityoflapalma.org/.

15 BASIC FINANCIAL STATEMENTS

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17 GOVERNMENT-WIDE FINANCIAL STATEMENTS

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CITY OF LA PALMA
Statement of Net Position
June 30, 2024
Governmental Business-Type
Assets Activities Activities Total
Cash and investments 40,117,663 $ 7,868,157 $ 47,985,820 $ Receivables
Accounts 369,949 702,557 1,072,506
Interest 461,422 - 461,422
Loans 2,641,019 - 2,641,019
Due from other governmental units 1,175,852 - 1,175,852 Prepaid items 45,922 - 45,922
Net OPEB asset 604,627 75,493 680,120
Due from redevelopment successor agency 5,730,589 1,419,774 7,150,363 Leases receivable 853,219 - 853,219
Capital assets:

Not being depreciated 8,704,571 754,000 9,458,571
Being depreciated, Net 11,718,446 4,236,438 15,954,884
Total assets 72,423,279 15,056,419 87,479,698
Deferred outflows of resources
OPEB related 410,070 51,201 461,271
Pension related 8,899,936 712,826 9,612,762
Total deferred outflows of resources 9,310,006 764,027 10,074,033 Liabilities
Accounts payable 828,918 501,388 1,330,306
Unearned revenue 5,662,623 - 5,662,623
Other accrued liabilities 1,060,985 - 1,060,985
Noncurrent liabilities:

Due within one year 608,703 - 608,703
Due in more than one year 454,361 - 454,361
Net pension liability 21,941,063 1,704,914 23,645,977
Total liabilities 30,556,653 2,206,302 32,762,955
Deferred inflows of resources
OPEB related 453,464 56,619 510,083
Pension related 1,543,900 135,950 1,679,850
Leases 853,219 - 853,219
Total deferred inflows of resources 2,850,583 192,569 3,043,152 Net position
Net investment in capital assets 19,906,510 4,990,438 24,896,948 Restricted for:

Public information 386,645 - 386,645
Capital projects 2,462,481 - 2,462,481
Public safety 828,125 - 828,125
Affordable housing 5,514,551 - 5,514,551
OPEB 604,627 75,493 680,120
Unrestricted 18,623,110 8,355,644 26,978,754
Total net position $ 48,326,049 $ 13,421,575 $ 61,747,624 The notes to the financial statements are an integral part of this statement. 19

CITY OF LA PALMA
Statement of Activities
Fiscal Year Ended June 30, 2024
Charges Operating Capital
for grants and grants and
Functions/Programs Expenses services contributions contributions Governmental activities:

General government 4,830,621 $ 24,631 $ 77,718 $ - $
Public safety 6,622,915 264,549 676,183 -
Public works 2,655,690 91,071 814,822 402,162
Recreation 1,544,570 293,653 - -
Community development 1,054,337 402,157 - -
Interest on long term debt 6,201 - - -
Total governmental activities 16,714,334 1,076,061 1,568,723 402,162 Business-type activities
Water 3,266,366 3,387,972 - -
Sewer 632,357 562,916 - -
Total Business-type activities 3,898,723 3,950,888 - -
Total $ 20,613,057 $ 5,026,949 $ 1,568,723 $ 402,162
(Continued)
`
Program revenues
The notes to the financial statements are an integral part of this statement. 20

Governmental Business-Type
Functions/Programs Activities Activities Total
Governmental activities:

General government $ (4,728,272) $ (4,728,272) - $
Public safety (5,682,183) - (5,682,183)
Public works (1,347,635) - (1,347,635)
Recreation (1,250,917) - (1,250,917)
Community development (652,180) - (652,180)
Interest (6,201) - (6,201)
Total governmental activities (13,667,388) - (13,667,388) Business-type activities
Water - 121,606 121,606
Sewer - (69,441) (69,441)
Total Business-type activities - 52,165 52,165
Total (13,667,388) 52,165 (13,615,223)
General revenues-unrestricted:

Taxes:

Property taxes 5,070,169 - 5,070,169
Sales taxes 4,736,950 - 4,736,950
Utility users tax 1,183,337 - 1,183,337
Franchise tax 524,795 - 524,795
Transient occupancy tax 646,108 - 646,108
Investment earnings 1,998,836 366,964 2,365,800
Other revenue 942,928 - 942,928
Transfers 787,347 (787,347) -
Total general revenues and
transfers 15,890,470 (420,383) 15,470,087
Change in net position 2,223,082 (368,218) 1,854,864
Net position - beginning of fiscal year 46,102,967 13,789,793 59,892,760 Net position - end of fiscal year $ 13,421,575 48,326,049 $ $ 61,747,624 Net (expense) revenue and
changes in net position
The notes to the financial statements are an integral part of this statement. 21

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23 FUND FINANCIAL STATEMENTS

24 THIS PAGE INTENTIONALLY LEFT BLANK

CITY OF LA PALMA
Governmental Funds
Fiscal Year Ended June 30, 2024
25 General Fund
The general fund has been classified as a major fund and is used to account for all of the general revenues of the City not specifically levied or collected for other City funds and for expenditures related to the rendering of general services by the City. The general fund is used to account for all resources not required to be accounted for in another fund.

Special Revenue Funds
Special revenue funds are used to account for and report the proceeds of specific revenues that are restricted or committed to expenditures for specified purposes. The following has been classified as a major special revenue fund:

Housing Fund – Used to account for the restricted housing assets of the former Community Development Commission (CDC), which were transferred to the Successor Agency Private Purpose Trust Fund and then transferred to the Housing Fund upon acceptance of the Housing Successor role by the City.

Capital Project Funds
Capital projects funds are used to account for the acquisition and construction of major capital facilities other than those financed by proprietary funds and trust funds.

Capital Outlay Reserve Fund – Used to account for the financial resources of the City, segregated for City capital improvement projects.

Nonmajor Governmental Funds
Nonmajor governmental funds include all special revenue funds except for the housing fund, and the capital outlay reserve fund- capital projects fund. Assets and deferred outflows of resources, liabilities and deferred inflows of resources, revenues, or expenditures of these funds do not exceed 10% of total governmental funds and 5% of total governmental and enterprise funds and thus, do not meet the criteria to be classified as major funds.

Special Capital
Revenue Project
Capital
Outlay
General Housing Reserve
Assets Fund Fund Fund
Cash and investments 23,508,815 $ 1,523,868 $ 6,494,389 $ Receivables:

Accounts 337,889 31,526 -
Interest 461,422 - -
Loans 2,639,376 1,643 -
Due from other governments 735,913 - 247,627
Prepaid items 45,922 - -
Lease receivable 853,219 - -
Due from other funds 9,015 - -
Due from Redevelopment Successor Agency - 1,430,073 4,300,516 Total assets $ 25,953,838 $ 5,624,843 $ 11,042,532
Liabilities, Deferred Inflow of Resources,
and Fund Balances
Liabilities:

Accounts payable $ 319,358 98,923$ $ 375,355
Other accrued liabilities 1,060,985 - -
Due to other funds - - -
Unearned revenue 5,287,089 11,369 -
Total liabilities 6,667,432 110,292 375,355
Deferred inflow of resources:

Lease revenue 853,219 - -
Unavailable revenue - 774,088 2,575,465
Total deferred inflow of resources 853,219 774,088 2,575,465 Fund balances:

Nonspendable 47,565 - -
Restricted - 4,740,463 -
Committed 7,953,982 - -
Assigned 1,500,000 - 8,091,712
Unassigned 8,931,640 - -
Total fund balances 18,433,187 4,740,463 8,091,712
Total liabilities, deferred inflow of resources, and
fund balances $ 25,953,838 $ 5,624,843 $ 11,042,532
June 30, 2024

CITY OF LA PALMA
Balance Sheet
Governmental Funds
The notes to the financial statements are an integral part of this statement. 26

Nonmajor Total
Governmental Governmental
Funds Funds
$ 35,408,578 3,881,506 $
534 369,949
- 461,422
- 2,641,019
192,312 1,175,852
- 45,922
- 853,219
- 9,015
- 5,730,589
$ 4,074,352 $ 46,695,565
$ 23,921 $ 817,557
- 1,060,985
9,015 9,015
364,165 5,662,623
397,101 7,550,180
- 853,219
- 3,349,553
- 4,202,772
- 47,565
3,677,251 8,417,714
- 7,953,982
- 9,591,712
- 8,931,640
3,677,251 34,942,613
$ 4,074,352 $ 46,695,565
The notes to the financial statements are an integral part of this statement. 27

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CITY OF LA PALMA
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Position
June 30, 2024
Fund balances for governmental funds $ 34,942,613
Amounts reported for governmental activities in the statement of net position are different because:

Capital assets, net of accumulated depreciation, used in governmental activities are not current financial resources and therefore are not reported in the fund financial statements. This amount does not include $611,864 of internal service funds net capital assets included below.

Capital assets 35,611,351
Accumulated depreciation (15,800,198)
Long-term liabilities applicable to the City's governmental activities are not due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities, both current and long-term, are reported in the statement of net position. Balances at the end of the fiscal year are:

Subscriptions payable (218,268)
Compensated absences (569,345)
Pension related debt and other postemployment benefit debt applicable to the City governmental activities are not due and payable in the current period and accordingly are not reported as fund liabilities. Deferred outflows of resources and deferred inflows of resources related to pensions and OPEB are only reported in the statement of net position as the changes in these amounts effects only the government-wide statements for governmental activities.

Deferred outflows of resources for pensions 8,899,936
Deferred outflows of resources for OPEB 410,070
Deferred inflows of resources for pensions (1,543,900)
Deferred inflows of resources for OPEB (453,464)
Pension liability (21,941,063)
Net OPEB asset 604,627
Unavailable revenue - resource inflows that do not qualify for recognition as revenue in governmental funds because they are not yet considered available. 3,349,553 Internal service funds are used by management to charge the costs of certain activities to individual funds. The assets and liabilities of the internal service funds must be added to the statement of net position:

Net position of internal service funds 5,034,137
Net position of governmental activities $ 48,326,049
The notes to the financial statements are an integral part of this statement. 29

Special Capital
Revenue Project
Capital
Outlay
General Housing Reserve
Fund Fund Fund
Revenues:

Taxes 12,142,109 $ - $ - $
Intergovernmental 45,113 - -
Licenses and permits 518,965 - -
Fines and forfeitures 142,148 - -
Investment income 1,010,624 244,806 289,921
Charges for services 571,328 - -
Rental income 570,000 - -
Miscellaneous 125,081 - 24,915
Total revenues 15,125,368 244,806 314,836
Expenditures:

Current:

General government 4,295,286 - -
Public safety 5,258,011 - -
Public works 1,040,572 - -
Recreation 1,251,784 - -
Community development 612,803 366,549 -
Capital outlay 362,199 - 1,342,660
Debt service
Principal 131,033 - -
Interest and fiscal charges 6,201 - -
Total expenditures 12,957,889 366,549 1,342,660
Excess (deficiency) of revenues
over (under) expenditures (121,743) 2,167,479 (1,027,824) Other financing sources (uses):

Proceeds from debt issuance 349,301 - -
Transfers in 782,900 - 404,447
Transfers out (429,372) - -
Total other financing sources (uses) 702,829 - 404,447
Net change in fund balances (121,743) 2,870,308 (623,377) Fund balance - beginning of fiscal year 15,562,879 4,862,206 8,715,089 Fund balance - end of fiscal year $ 4,740,463 18,433,187 $ 8,091,712 $

CITY OF LA PALMA
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
Fiscal Year Ended June 30, 2024
The notes to the financial statements are an integral part of this statement. 30

Nonmajor Total
Governmental Governmental
Funds Funds
$ - $ 12,142,109
1,747,786 1,792,899
- 518,965
- 142,148
159,252 1,704,603
- 571,328
- 570,000
16,161 166,157
1,923,199 17,608,209
- 4,295,286
501,412 5,759,423
420,618 1,461,190
- 1,251,784
- 979,352
458,588 2,163,447
- 131,033
- 6,201
1,380,618 16,047,716
542,581 1,560,493
- 349,301
29,372 1,216,719
- (429,372)
29,372 1,136,648
571,953 2,697,141
3,105,298 32,245,472
$ 3,677,251 $ 34,942,613
The notes to the financial statements are an integral part of this statement. 31

CITY OF LA PALMA
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balance to the Statement of Activities Fiscal Year Ended June 30, 2024
Net changes in fund balances for governmental funds $ 2,697,141 Amounts reported for governmental activities in the statement of activities are different because:

Governmental funds report capital outlays as expenditures, However, in the statement of activities, the costs of those assets are allocated over their estimated useful lives as a depreciation expense. As a result, fund balances decrease by the amount of financial resources expended, whereas net position decreases by the amount of depreciation expense charged for the fiscal year.

Capital outlay 2,163,447
Capital outlays deemed repairs and maintenance (1,043,860) Depreciation expense (not including ISF depreciation of $117,989) (787,449) Loss on asset disposal (7,167)
Some expenses reported in the statement of activities do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds.

Change in net pension liability (1,717,505)
Change in compensated absences 46,352
Change in OPEB obligation 183,426
Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds. 352,773 The amounts below, included in the Statement of Activities do not provide current financial resources and, therefore, are not report as revenue.

Debt proceeds (349,301)
Repayment of principal 131,033
Internal service funds are used by management to charge the costs to certain activities to individual funds. The changes in net position of the internal service funds are reported with the governmental activities 554,192 Change in net position of governmental activities $ 2,223,082 The notes to the financial statements are an integral part of this statement. 32

CITY OF LA PALMA
Proprietary Funds
Fiscal Year Ended June 30, 2024
33 Enterprise Funds
Enterprise funds are used for operations that are financed and operated in a manner similar to private business enterprise – where the intent of the governing body is that the costs of providing goods or services to the general public be financed or recovered primarily through user charges.

The following have been classified as major enterprise funds:

Water Fund – To account for revenues and expenses for the operations for the City’s water utility. All activities necessary to provide this service are accounted for in this fund, including administration, operations, maintenance, billing collection, and depreciation.

Sewer Fund – To account for the revenues and expenses for the maintenance, repair, and depreciation of the sewers within the City.

Internal Service Funds
Internal service funds are used to account for the financing of goods or services provided by one department or agency of the City to other departments or agencies on a cost reimbursement basis.

CITY OF LA PALMA
Statement of Fund Net Position
Proprietary Funds
June 30, 2024
Governmental
Activities
Internal
Water Sewer Service
Fund Fund Total Funds
Assets
Current assets:

Cash and investments 3,559,334 $ 4,308,823$ $ 7,868,157 $ 4,709,085 Accounts receivables 585,081 117,476 702,557 -
Total current assets 4,144,415 4,426,299 8,570,714 4,709,085 Noncurrent assets:

Capital assets
Capital assets not being depreciated 754,000 - 754,000 - Capital assets being depreciated,
net of depreciation 3,291,540 944,898 4,236,438 611,864 Due from Redevelopment Successor
Agency 709,887 709,887 1,419,774 -
Net OPEB asset 64,951 10,542 75,493 -
Total noncurrent assets 4,820,378 1,665,327 6,485,705 611,864 Total assets 8,964,793 6,091,626 15,056,419 5,320,949
Deferred outflows of resources
Related to OPEB 44,051 7,150 51,201 -
Related to pensions 637,791 75,035 712,826 -
Total deferred outflows of resources 681,842 82,185 764,027 - Current liabilities:

Accounts payable 486,376 15,012 501,388 11,361
Enterprise leases payable - - - 45,858
Total current liabilities 486,376 15,012 501,388 57,219 Noncurrent liabilities:

Enterprise leases payable - - - 229,593
Net pension liability 1,525,449 179,465 1,704,914 -
Total noncurrent liabilities 1,525,449 179,465 1,704,914 229,593 Total liabilities 2,011,825 194,477 2,206,302 286,812
Deferred inflows of resources
Related to OPEB 48,713 7,906 56,619 -
Related to pensions 121,639 14,311 135,950 -
Total deferred inflows of resources 170,352 22,217 192,569 - Net position
Net investment in capital assets 4,045,540 944,898 4,990,438 336,413 Restricted for OPEB 64,951 10,542 75,493 -
Unrestricted 3,353,967 5,001,677 8,355,644 4,697,724
Total net position $ 5,957,117$ 7,464,458 $ 13,421,575 $ 5,034,137 Business-Type Activities
Enterprise Funds
Liabilities
The notes to the financial statements are an integral part of this statement. 34

Governmental
Activities
Internal
Water Sewer Service
Fund Fund Total Funds
Operating revenues
Charges for services 3,387,972$ 562,916$ $ 1,456,635 3,950,888 $ Miscellaneous - - - 9,719
Total operating revenue 3,387,972 562,916 1,466,354 3,950,888 Operating expenses
Personnel services 701,804 91,478 - 793,282
Maintenance and operations 2,052,943 410,422 2,463,365 111,259 Contractual services 208,340 73,428 281,768 -
Depreciation 193,161 44,596 117,989 237,757
Settlement claims and insurance 40,600 5,200 872,001 45,800 Administration 69,518 7,233 - 76,751
Total operating expenses 3,266,366 632,357 3,898,723 1,101,249 Operating income (loss) 121,606 (69,441) 52,165 365,105 Nonoperating revenues (expenses)
Investment income 169,821 197,143 366,964 189,087
Total nonoperating revenues (expenses) 169,821 197,143 366,964 189,087 Income before transfers 291,427 127,702 419,129 554,192 Transfers
Transfers out (100,659) (686,688) (787,347) -
Change in net position (395,261) 27,043 (368,218) 554,192 Net position - beginning of fiscal year 7,859,719 5,930,074 4,479,945 13,789,793 Net position - end of fiscal year 7,464,458$ 5,957,117$ $ 5,034,137 13,421,575 $ Enterprise Funds

CITY OF LA PALMA
Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds
Fiscal Year Ended June 30, 2024
Business-Type Activities
The notes to the financial statements are an integral part of this statement. 35

CITY OF LA PALMA
Statement of Cash Flows
Proprietary Funds
Fiscal Year Ended June 30, 2024
Governmental
Activities
Internal
Water Sewer Service
Fund Fund Total Funds
Cash flows from operating activities
Receipts from customers and user
departments 3,454,897 $ 565,177 $ 4,020,074 $ - $
Receipts from internal users - - - 1,456,635
Payments to suppliers for goods and
services (2,556,473) (555,052) (3,111,525) (984,743)
Payments to employees for salaries and
benefits (575,126) (77,456) (652,582) -
Miscellaneous receipts - - - 9,719
Net cash provided (used) by operating activities 323,298 (67,331) 255,967 481,611 Cash flows from noncapital financing
activities
Cash paid to other funds (686,688) (100,659) (787,347) - Cash flows from capital and related
financing activities
Proceeds of lease payable - - - 185,976
Payments of principal - - - (31,651)
Acquisition of capital assets (573,877) - (573,877) (254,370) Net cash used by capital and related
financing activities (573,877) - (573,877) (100,045)
Cash flows from investing activities
Interest received 211,956 239,277 451,233 189,087
Net cash provided by investing activities 211,956 239,277 451,233 189,087 Net increase (decrease) in cash and
cash equivalents (725,311) 71,287 (654,024) 570,653
Cash and cash equivalents - beginning of
fiscal year 4,284,645 4,237,536 8,522,181 4,138,432
Cash and cash equivalents - end of
fiscal year $ 4,308,823$ 3,559,334 7,868,157$ $ 4,709,085 Reconciliation of cash and cash
equivalents to the proprietary
fund statement of net position
Cash and investments 3,559,334 $ 4,308,823$ 7,868,157$ $ 4,709,085 Business-Type Activities
Enterprise Funds
The notes to the financial statements are an integral part of this statement. 36

CITY OF LA PALMA
Statement of Cash Flows
Proprietary Funds
Fiscal Year Ended June 30, 2024
Governmental
Activities
Internal
Water Sewer Service
Fund Fund Total Funds
Reconciliation of operating income
(loss) to net cash provided (used)
by operating activities
Operating income (loss) 121,606 $ (69,441) $ 52,165 $ 365,105 $ Adjustments to reconcile operating
income (loss) to net cash provided
(used) by operating activities:

Depreciation and amortization 193,161 44,596 237,757 117,989 (Increase) decrease in operating assets
and deferred outflows of resources:

Accounts receivable 66,925 2,261 69,186 -
Deferred outflows of resourcesOPEB 14,777 2,398 17,175 - Deferred outflows of resourcespension related 65,552 7,711 73,263 - Increase (decrease) in operating liabilities
and deferred inflows of resources:

Accounts payable and accrued
liabilities (185,072) (58,769) (243,841) (1,483)
Net OPEB liability (65,527) (10,636) (76,163) -
Net pension liability 111,418 13,108 124,526 -
Deferred inflows of resourcesOPEB 31,047 5,039 36,086 - Deferred inflows of resourcespension related (30,589) (3,598) (34,187) - Total adjustments 201,692 2,110 203,802 116,506
Net cash provided (used) by
operating activities $ (67,331) 323,298 $ 255,967 $ 481,611 $ Business-Type Activities
Enterprise Funds
The notes to the financial statements are an integral part of this statement. 37

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CITY OF LA PALMA
Fiduciary Funds
Fiscal Year Ended June 30, 2024
39 Redevelopment Successor Agency Private-Purpose Trust Fund This fund accounts for the assets, liabilities, and activities of the former Community Development Commission (CDC) of the City in a trustee capacity to pay enforceable obligations of the former Commission. On February 1, 2012, in accordance with Assembly Bill (AB 1X 26 and 1484), all redevelopment agencies in the state of California were dissolved. All assets and liabilities were transferred to the Successor Agency Private-Purpose Trust Fund which is used to account for assets held by the City of La Palma’s former CDC.

CITY OF LA PALMA
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2024
Redevelopment
Successor Agency
Private-Purpose
Trust Fund
Assets
Cash and investments $ 1,547,355
Total assets 1,547,355
Liabilities
Advances from City of La Palma 7,150,363
Total liabilities 7,150,363
Net position
Held in trust for other governments $ (5,603,008)
The notes to the financial statements are an integral part of this statement. 40

CITY OF LA PALMA
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
Fiscal Year Ended June 30, 2024
Redevelopment
Successor Agency
Private-Purpose
Trust Fund
Additions
Taxes $ 713,614
Interest income 48,996
Total additions 762,610
Deductions
Program expenses 10,000
Interest and fiscal expenses 131,196
Total deductions 141,196
Change in net position 621,414
Net position - beginning of fiscal year (6,224,422)
Net position - end of fiscal year $ (5,603,008)
The notes to the financial statements are an integral part of this statement. 41

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43 NOTES TO BASIC FINANCIAL STATEMENTS

44 THIS PAGE INTENTIONALLY LEFT BLANK

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
45 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accompanying basic financial statements of the City of La Palma, California (the City) have been prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP) as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles.

The significant City accounting policies are described below.

A. Description of Reporting Entity
The City was incorporated on October 26, 1955, under the general laws of the State of California. The City operates under an elected Council/City Manager form of government. The City has no component units for which it is financially accountable.

B. Measurement Focus, Basis of Accounting, and Financial Statement Presentation The City’s basic financial statements are composed of the following:
 Government-Wide Financial Statements
 Fund Financial Statements
 Notes to the Basic Financial Statements
Government-Wide Financial Statements
While separate government-wide and fund financial statements are presented, they are interrelated. In the government-wide financial statements, the governmental activities column incorporates data from governmental funds and internal service funds, while business-type activities incorporate data from the government’s enterprise funds.

The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Under the economic resources’ measurement focus, all (both current and long-term) economic resources and obligations of the reporting government are reported in the government-wide financial statements. Accrual basis of accounting refers to when revenues and expenses are recognized in the accounts and reported in the financial statements. Under the accrual basis of accounting, revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Revenues from property taxes are recognized as revenues in the fiscal year that the tax is levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements have been met. Special assessments are recorded as revenues when earned. Unbilled receivables are recorded as revenue when services are provided.

The statements of activities demonstrate the degree to which the direct expenses of a given function are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function.

The types of transactions reported as program revenues for the City are reported in three categories:
 Charges for Services
 Operating Grants and Contributions
 Capital Grants and Contributions

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
46 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) B. Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued) Government-Wide Financial Statements (Continued)
Charges for services include revenues from customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function. Grants and contributions include revenues restricted to meeting the operational or capital requirements of a particular function. Taxes and other items not properly included among program revenues are reported as general revenues.

Amounts paid to acquire capital assets are capitalized as assets in the government-wide financial statements, rather than reported as expenses. Proceeds of long-term debt are recorded as a liability in the governmentwide financial statement, rather than as another financing source. Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as an expenditure.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. However, interfund services provided and used are not eliminated in the process of consolidation.

Fund Financial Statements
The underlying accounting system of the City is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, deferred outflows of resources, liabilities, deferred inflows of resources, fund equity, revenues, and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based on the purposes for which they are to be spent and the means by which spending activities are controlled.

Fund financial statements for the primary government’s governmental, proprietary, and fiduciary funds are presented after the government-wide financial statements. These statements display information about major funds individually and the nonmajor funds in the aggregate for governmental and enterprise funds. Fiduciary fund statements include financial information for fiduciary funds. Fiduciary funds for the City represent assets held by the private-purpose trust fund for the successor agency of the former Community Development Commission (CDC).

During the course of operations, the City has activity between funds for various purposes. Any residual balances outstanding at fiscal year-end are reported as due to/from other funds and advances to/from other funds.

Further, certain activity occurs during the fiscal year involving transfers of resources between funds. In fund financial statements, these are reported at gross amounts as transfers in/out.

Governmental Funds
In the fund financial statements, governmental funds are presented using the modified-accrual basis of accounting. Under the modified-accrual basis of accounting, revenues are recognized when they become both measurable and available. Revenues are considered to be available when they are collected within 60

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
47 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) B. Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued) days of the end of the current fiscal year. 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 and claims and judgments, 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 leases are reported as other financing sources.

Sales taxes, property taxes, and utility user taxes are all considered to be susceptible to accrual and have been recognized as revenues in the current fiscal period to the extent normally collected within the availability period (within 60 days of fiscal 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 or within the availability period for this revenue source (within six months of fiscal year-end). Other revenue items are considered to be measurable and available when cash is received by the government.

In the fund financial statements, governmental funds are presented using the current financial resources measurement focus. This means that only current assets, deferred outflows of resources, liabilities, and deferred inflows of resources are generally included on their balance sheets. The reported fund balance is considered to be a measure of “available spendable resources.” Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in fund balance. Accordingly, they are said to present a summary of sources and uses of “available spendable resources” during a period.

Noncurrent portions of long-term receivables between governmental funds are reported on their balance sheets in spite of their spending measurement focus. Special reporting treatments are used to indicate, however, that they should not be considered “available spendable resources,” since they do not represent available resources. Noncurrent portions of long-term receivables in the general fund are offset by nonspendable fund balance.

Proprietary Funds
Proprietary fund types are accounted for using the economic resources measurement focus and accrual basis of accounting. This means that all assets, deferred outflows or resources, liabilities, and deferred inflows of resources (whether current or noncurrent) associated with the activity are included on the statement of net position. Their reported fund equity presents total net position. The operating statement of the proprietary fund presents increases (revenues) and decreases (expenses) in total net position. Revenues are recognized when they are earned and expenses are recognized when the liability is incurred.

Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the City’s water and sewer funds are charges to customers for sales and services. Operating expenses for proprietary funds include all costs of sales and services, administrative expenses, and depreciation on capital

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
48 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) B. Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued) Proprietary Funds (Continued)
assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.

Amounts paid to acquire capital assets are capitalized as assets in the proprietary funds’ financial statements, rather than reported as expenses. Proceeds of long-term debt are recorded as a liability in the proprietary funds’ financial statements, rather than as another financing source. Amounts paid to reduce long-term indebtedness of the proprietary funds are reported as a reduction of the related liability, rather than as an expense.

Fiduciary Funds
Fiduciary fund financial statements include a statement of fiduciary net position and a statement of changes in fiduciary net position. The City’s fiduciary private-purpose trust fund is accounted for using the economic resources measurement focus and accrual basis of accounting. The private-purpose trust fund accounts for the assets held by the City for the Successor Agency to the La Palma Community Development Commission.

Because this fund is not available for use by the City, it is not included in the government-wide statements.

C. Fund Classifications
The City reports the following major governmental funds:
 General Fund – This fund is used to account for all of the general revenues of the City not specifically levied or collected for other City funds and for expenditures related to the rendering of general services by the City, except those required to be accounted for in another fund  Housing Special Revenue Fund – This fund is used to account for the restricted housing assets of the City. Revenues are from housing activities and are restricted for housing purposes.  Capital Outlay Reserve Capital Projects Fund – This fund accounts for the financial resources of the City segregated for city capital improvement projects other than those financed by proprietary funds.

The City reports the following major enterprise funds:
 Water Fund – This fund is used to account for revenues and expenses of the operations for the City’s water utility. All activities necessary to provide this service are accounted for in this fund, including administration, operations, maintenance, billing, collection, and depreciation.  Sewer Fund – This fund is used to account for the revenues and expenses for the maintenance, repair, and depreciation of the sewers within the City.

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
49 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Fund Classifications (Continued)
Additionally, the City reports the following fund types:
 Special Revenue Funds are used to account for the proceeds of specific revenue sources that are restricted or committed to expenditures for specific purposes.  Internal Service Funds are used to account for the financing of goods or services provided by one department of the City to other departments on a cost-reimbursement basis. The City’s internal service funds account for risk management activity, costs of the City’s employee benefit plans, and workers’ compensation insurance, as well as maintenance and replacement costs of City facilities, vehicles, and technology items.
 Private-Purpose Trust Fund accounts for the activities of the Successor Agency of the former La Palma Community Development Commission in a trustee capacity to pay enforceable obligations.

D. Implementation of New Accounting Pronouncements
No GASB statements which were newly effective for the fiscal year had any significant impact for the City.

E. Future Accounting Pronouncements
GASB Statements listed below will be implemented in future financial statements.

The provisions of Statement Number 101 “Compensated Absences” are effective for fiscal years beginning after December 15, 2023.

The provisions of Statement Number 102 “Certain Risk Disclosures” are effective for fiscal years beginning after June 15, 2024.

The provisions of Statement Number 103 “Financial Reporting Model Improvements” are effective for fiscal years beginning after June 15, 2025.

F. Cash and Investments
Investments are reported in the accompanying basic financial statements at fair value, which is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Investments in external pools are valued based on the stated fair value represented by the external pool.

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
50 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) F. Cash and Investments (Continued)
Changes in fair value that occur during a fiscal year are recognized as investment income reported for that fiscal year, which may result in negative investment earnings in the accompanying financial statements.

Investment income includes interest earning, changes in fair value, and any gains or losses realized upon the liquidation or sale of investments. The City pools cash and investments of all funds, except for assets held by fiscal agents. Each fund’s share in this pool is displayed in the accompanying financial statements as cash and investments.

Investment income earned by the pooled investments is allocated to the various funds based on each fund’s average cash and investment balance.

G. Cash Equivalents
For purposes of the statement of cash flows, cash equivalents are defined as short-term, highly liquid investments that are both readily convertible to known amounts of cash or so near their maturity that they present insignificant risk of changes in value because of changes in interest rates and have an original maturity date of three months or less. Cash equivalents represent the proprietary funds’ share in the cash and investment pool of the City.

H. Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both the government-wide and fund financial statements. The consumption method is used by the City to report prepaids.

I. Leases Receivable
The City’s lease receivables are measured at the present value of payments expected to be received during the lease term. Under the lease agreements, the City receives variable lease payments as each lease has an annual increase in payment of 3% or $500 per month.

J. Right to Use Lease Assets
Right to use assets are initially measured at an amount equal to the initial measurement of the related lease liability plus any lease payments made prior to the lease term, less lease incentives, and plus ancillary charges necessary to place the lease into service. The right to use lease assets are amortized on a straightline basis over the life of the related lease. The City has no right to use lease assets as of June 30, 2024.

K. Intangible Right to Use Subscription Asset
Intangible right to use assets are initially measured as an amount equal to the initial measurement of the related software subscription liability plus any software subscription payments made prior to the software subscription term, less software subscription incentives, and plus ancillary charges necessary to place the software subscription into service. The intangible right to use software subscription assets are amortized over the life of the related software subscription liability. See notes 6 and 7 for more details regarding the City’s intangible right to use subscription assets and associated debt.

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
51 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) L. Capital Assets
Acquisitions of capital assets (including infrastructure) are recorded at historical cost at the time of purchase.

Donated capital assets are recorded at acquisition value at the time received. Generally, capital asset acquisitions in excess of $5,000 (general capital assets) and $25,000 (infrastructure) are capitalized if they have an expected useful life of one year or more. Capital assets include intangible right-to-use lease and subscription assets and public domain (infrastructure), capital assets consisting of certain improvements, including streets (pavement, medians, curbs/gutters, sidewalks, traffic signals, monument signs, and bridges), storm drains, and water/sewer systems and improvements.

Capital assets used in operations are depreciated in the government-wide financial statements and in the fund financial statements of the proprietary funds. Depreciation of such assets is computed using the straight-line method over the estimated useful lives noted below and charged to operations:

M. Deferred Outflows and Inflows of Resources
In addition to assets, the statement of net 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 will not be recognized as an outflow of resources (expense/expenditures) until that time. This City has the following items that qualify for reporting in this category:
 Deferred outflows related to pension and OPEB plans equal to employer contributions made after the measurement date of the net pension and OPEB liabilities.

Nonpolice vehicles 12 years
Police patrol vehicles 4 years
Police unmarked vehicles 8 years
Trucks and utility vehicles 12 years
Specialty vehicles 12 years
Furniture and fixtures 10 to 15 years
IT machinery and equipment 5 years
NonIT machinery and equipment 10 years
Building and building improvements 50 years
Sewer system and other improvements 75 years
Water system and other improvements 75 years
Infrastructure - street network 30 to 80 years
Infrastructure - storm drains 75 years

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
52 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) M. Deferred Outflows and Inflows of Resources (Continued)  Deferred outflows related to pension and OPEB plans for differences between actual and expected experiences, and changes in employer’s proportion and differences between employer’s contributions and the employer’s proportionate share of contributions. These amounts are amortized over a closed period equal to the average of the expected remaining service lives of all employees that are provided with pensions and OPEB benefits through the plans.
 Deferred outflows related to pension and OPEB plans resulting from the net differences between projected and actual earnings on the plan investments. These amounts are amortized over five years.

In addition to liabilities, the statement of net position and the governmental funds balance sheet will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to future periods and will not be recognized as an inflow of resources (revenue) until that time. The City has the following items that qualify for reporting in this category:
 Deferred inflows from unavailable revenues, which are reported only in the governmental funds balance sheet. The governmental funds report unavailable revenues from two sources: grants and accrued, unpaid interest on long-term loans and advances. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available.  Deferred inflows related to pension and OPEB plans for differences between actual and expected experiences, changes of assumptions, and changes in employer’s proportion and differences between employer’s contributions and the employer’s proportionate share of contributions. These amounts are amortized over a closed period equal to the average of the expected remaining service lives of all employees that are provided with pensions and OPEB benefits through the plan.  Deferred inflows related to leases. These amounts are deferred and recognized as an inflow in the period that the amount becomes available.

N. Compensated Absences
A liability is recorded for compensated absences (unpaid vacation, sick leave, and compensatory time) since the employees’ entitlement to these balances is attributable to services already rendered and it is probable that virtually all of these balances will be liquidated by either paid time off or payments upon termination or retirement. Compensated absences are primarily liquidated in the City’s general fund.

O. Property Taxes
Under California law, property taxes are assessed and collected by the counties up to 1% of assessed value, plus other increases approved by the voters. The property taxes go into a pool and are then allocated to the cities based on complex formulas.

Accordingly, the City accrues only those taxes that are received from the County of Orange (County) within 60 days after fiscal year-end:

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
53 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) O. Property Taxes (Continued)
The City participates in a program called the “Teeter Plan,” whereby the County distributes 100% of the City’s portion of the secured tax levy during each fiscal year. In exchange, the City waives the right to collect interest and penalties on any delinquent tax collections received by the County on the secured rolls in future years.

P. Claims and Judgments
The City records a liability for litigation, judgments, and claims when it is probable that an asset has been impaired or a liability (including incurred but not reported) has been incurred prior to fiscal year-end and the probable amount of loss (net of any insurance coverage) can be reasonably estimated. In the fund financial statements, these liabilities are recorded in the Internal Service Funds that account for the City’s insurance activities.

Q. Proprietary Funds Operating and Nonoperating Revenues and Expenses Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the water fund and internal service fund are charges to customers for sales and services. Operating expenses for proprietary funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.

R. Net Position
The government-wide financial statements, proprietary fund statements, and fiduciary fund statements utilize a net position presentation. Net position is classified in the following categories:
 Net Investment in Capital Asset – This amount consists of capital assets net of accumulated depreciation and reduced by outstanding debt that is attributed to the acquisition, construction, or improvement of the assets.
 Restricted Net Position – This amount is restricted by enabling legislation (such as external creditors, grantors, contributors, or laws or regulations of other governments).  Unrestricted Net Position – This amount is all net position that does not meet the definition of “net investment in capital assets” or “restricted net position”.

Lien Date: January 1
Levy Date: July 1
Due Dates: November 1 - 1st Installment
February 1 - 2nd Installment
Collection Dates: December 10 - 1st Installment
April 10 - 2nd Installment

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
54 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) R. Net Position (Continued)
The government-wide statement of net position reports $8,361,062 of business-type unrestricted net position, of which $5,365,205 has been designated, in accordance with City Code. The designation is for emergency replacement of utility fixed assets within the Water fund in the amount of $2,275,532 (5% of the replacement value of certain capital assets) and within the Sewer fund in the amount of $3,089,673 (10% of the replacement value of certain capital assets).

S. Net Position Flow Assumptions
Sometimes the City will fund outlays for a particular purpose for both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted net position and unrestricted net position, a flow assumption must be made about the order in which the resources are considered to be applied. It is the City’s practice to consider restricted net position to have been depleted before unrestricted net position is applied, unless otherwise directed by the City Council.

T. Fund Balances
Fund balances are reported in the fund statements in the following classifications:
 Nonspendable Fund Balance – This includes amounts that cannot be spent because they are either not spendable in form (such as inventory) or legally or contractually required to be maintained intact (such as endowments). Noncurrent portions of long-term receivables in the General Fund are offset by nonspendable fund balance.
 Restricted Fund Balance – This includes amounts that can be spent only for specific purposes stipulated by legal requirements imposed by other governments, external resource providers, or creditors as imposed by law through constitutional provisions or enabling legislation. City Council imposed restrictions do not create a restricted fund balance, unless the legal document that initially authorized the revenue (associated with that portion of fund balance) also included language that specified the limited use for which the authorized revenues were to be expended.  Committed Fund Balance – This includes amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the City Council. Those committed 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 (for example, resolution, ordinance, minutes action, etc.) that it employed to previously commit those amounts. If the City Council action that limits the use of funds was separate from the action that initially created the revenues that form the basis for the fund balance then the resultant fund balance is considered to be committed, not restricted. The City considers both an ordinance or resolution to constitute the highest formal action of the City Council for the purpose of establishing committed fund balance.

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
55 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) T. Fund Balances (Continued)
 The City has established two commitments within the General Fund. The Economic Development commitment was initially set at $250,000 to be used for economic development projects, including assistance with attracting, growing, and retaining businesses, which promote the City’s economic vitality and strengthen or diversify its tax base. Appropriations for the Economic Development commitment can only be made by formal action of the City Council. At June 30, 2024, the commitment totaled $187,134. The Emergency Reserve policy establishes a commitment for a minimum of 50% of General Fund expenditures as of the beginning of each fiscal year. This commitment may be used in emergency situations and appropriations can only be made by formal City Council action, with the exception of interest earnings, which will be transferred to the General Fund. At June 30, 2024, the commitment totaled $7,767,700.  Assigned Fund Balance – This includes amounts that are intended to be used for specific purposes as indicated by the City Council or by persons to whom City Council has delegated the authority to assign amounts for specific purposes. The City Council has by resolution authorized the Administrative Services Director the authority to assign unassigned fund balance amounts where the City’s intent is for those amounts to be used for specific purposes. This delegation of authority is for the sole purpose of reporting these amounts in the annual financial statements. The City’s fund balance policy established an assigned fund balance in the General Fund of $1,500,000 for cash flow.

This amount is not intended to vary from year to year.

The City’s fund balance policy establishes an assignment for unprogrammed/unfunded capital and infrastructure projects. It is the City’s intent that the fund balances for the Capital Outlay Reserve and the Civic Center Rehabilitation Reserve (components of the Capital Outlay Reserve Fund) be considered to be assigned for the purpose of the fund.

Unassigned Fund Balance – This includes the remaining spendable amounts that are not included in one of the other classifications. Only the General Fund shows a positive unassigned fund balance. In other funds, the unassigned classification is used only to report a deficit balance resulting from overspending for specific purposes for which amounts had been restricted, committed, or assigned.

It is the City’s policy that restricted resources will be applied first, followed by (in order of application) committed, assigned and unassigned resources, in absence of a formal policy adopted by the Council.

U. 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’s California Public Employees’ Retirement System (CalPERS) Plans (Plans) 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. The General Fund has typically been used in prior fiscal years to liquidate pension liabilities.

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
56 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) V. Other Postemployment Benefits
For purposes of measuring the net OPEB liability and deferred outflows/inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the City’s OPEB Plan and additions to/deductions from the OPEB Plans’ fiduciary net position have been determined on the same basis as they are reported by the Plan. For this purpose, the City’s OPEB Plan recognizes benefit payments when due and payable in accordance with the benefit terms. Investments are reported at fair value. The General Fund has typically been used in prior fiscal years to liquidate OPEB liabilities.

W. Use of Estimates
The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, deferred outflows or resources, liabilities, deferred inflows of resources, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates.

NOTE 2: CASH AND INVESTMENTS
Cash and investments as of June 30, 2024 are classified in the accompanying financial statements as follows:

Investments Authorized by the California Government Code and the City’s Investment Policy The following table identifies the investment types that are authorized for the City by the California Government Code and the City’s investment policy. The table also identifies certain provisions of the California Government Code (or the City’s investment policy, if more restrictive) that addresses interest rate risk and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustee that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City’s investment policy. The City has no investments held by bond trustees at June 30, 2024.

Statement of Net Position:

Cash and investments 47,985,820 $
Statement of Fiduciary Net Position:

Cash and investments 1,547,355
Total Cash and Investments 49,533,175 $
Cash on hand 7,425 $
Deposits with financial institutions 4,691,242
Investments 44,834,508
Total Cash and Investments 49,533,175 $

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
57 NOTE 2: CASH AND INVESTMENTS (Continued)
Investments Authorized by the California Government Code and the City’s Investment Policy (Continued)
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.

Information about the sensitivity of the fair values of the City’s investments (including investments held by the bond trustee) to market rate fluctuations is provided by the following table that shows the distribution of the City’s investment by maturity:

Authorized by Maximum Maximum
Investment Types Investment Maximum Percentage Investment in Authorized by State Law Policy Maturity Allowed One Issuer Local Agency Bonds Yes 5 Years None None
U.S. Treasury Obligations Yes 5 Years None None
State of California Obligations Yes 5 Years None None
Other 49 State Obligations Yes 5 Years None None
CA Local Agency Obligations Yes 5 Years None None
U.S. Government Agency Securities Yes 5 Years None None Banker's Acceptance Yes 180 Days 40% 30%
Commercial Papers Yes 270 Days 25% 10%
Negotiable Certificates of Deposit Yes 5 Years 30% 5%
Repurchase Agreements Yes 1 Year None None
Reverse Repurchase Agreements Yes 92 Days 20% Base Value None Supranationals Yes 5 Years 30% None
Medium-Term Corporate Notes Yes 5 Years 30% 5%
Mutual Funds Yes N/A 20% 10%
Money Market Mutual Funds Yes N/A 20% None
Asset-Backed Securities Yes 5 Years 20% None
County Pooled Investment Funds No N/A None None
Local Agency Investment Fund (LAIF) Yes N/A None $75 million Joint Powers Authority (JPA) Pools Yes N/A None None

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
58 NOTE 2: CASH AND INVESTMENTS (Continued)
Interest Rate Risk (Continued)
Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by (where applicable) the California Government Code, the City’s investment policy, or debt agreements, and the actual rating from S&P or Moody’s Rating where applicable as of fiscal year-end for each investment type. 12 Months 13-24 25-60 More than
Investment Types or Less Months Months 60 Months Total
Investments held by the City:

U.S. Treasury Notes $ 655,416 - $ $ 14,689,048 $ - 15,344,464 $ Municipal Notes 48,845 62,385 - 111,230 -
Corporate Notes - 725,439 9,041,821 - 9,767,260
Foreign Notes - 960,463 - 960,463 -
LAIF 18,643,102 - - 18,643,102 -
Money Market Mutual Funds 7,989 - - 7,989 -
Total $ 18,699,936 $ 2,403,703 $ 23,730,869 $ 44,834,508 - $ Remaining Maturity (in Months)
Minimum
Legal Total as of More than Not
Investment Types Rating June 30, 2024 AAA AA+ Other* Rated Exempt Investments held by the City:

U.S. Treasury Notes None 15,344,464 $ - $ $ - $ - $ 15,344,464 - $ Municipal Notes A 111,230 111,230 - -
Corporate Notes A 9,767,260 3,913,802 - 5,421,937 431,521 - Foreign Notes A 960,463 - 960,463 - - -
LAIF None 18,643,102 - - 18,643,102 - -
Money Market Mutual Funds A 7,989 - - 7,989 - -
Total $ 44,834,508 $ 3,913,802 $ 960,463 5,533,167$ $ 19,082,612 $ 15,344,464 Ratings as of Fiscal-Year End
*Other Ratings AA AA- A+ A A- Total
Corporate Notes - $ 925,663 $ 1,464,778 $ 1,158,769 $ 1,872,727 $ 5,421,937 $ Municipal Notes 62,385 48,845 - - 111,230 -
Total 62,385 $ 974,508 $ 1,464,778 $ 1,158,769 $ 1,872,727 $ 5,533,167 $

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
59 NOTE 2: CASH AND INVESTMENTS (Continued)
Concentration of Credit Risk
The investment policy of the City contains limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code. There were no investments in any one issuer (other than U.S. treasury securities, mutual funds, and external investment pools) that represent 5% or more of total City investments.

Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker-dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party.

The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provision for deposits: The California Government Code requires that a financial institution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit). The fair value of the pledged securities in the collateral pool must equal at least 110% of the total amount deposited by the public agencies. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits. As of June 30, 2024, the City’s deposits (bank balances) were insured by the Federal Deposit Insurance Corporation or collateralized as required under California Law.

Investment in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by the California Government Code under the oversight of the Treasurer of the State of California. The fair value of the City’s investment in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro-rata share of the fair value provided by LAIF for the entire LAIF. The balance available for withdrawal is based on the accounting records maintained by LAIF. LAIF is not rated.

Fair Value Measurement
The City categorizes its fair value measurements within the fair value hierarchy established by accounting principles generally accepted in the United States of America. The hierarchy is based on the valuation inputs used to measure the fair value of the assets. These principles recognize a three-tiered fair value hierarchy.

Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 are significant unobservable inputs.

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
60 NOTE 2: CASH AND INVESTMENTS (Continued)
Fair Value Measurement (Continued)
NOTE 3: DUE FROM SUCCESSOR AGENCY
At June 30, 2024, long-term amounts due from the Successor Agency are as follows:

A. On October 20, 1999, the City authorized a $4,933,000 loan to the former CDC for the purpose of assisting the CDC in the construction of a senior citizens affordable rental housing project. As more fully explained in Note 17, all redevelopment agencies in the state of California were dissolved in fiscal year 2011-12, and all assets and liabilities of the former CDC were transferred to the Successor Agency PrivatePurpose Trust Fund, including this loan. The City expects to receive payments from the Successor Agency’s residual property tax revenue, with full payment expected by fiscal year 2032-33. The outstanding balance as of June 30, 2024, is $7,150,363.

Since 20% of all loan repayments are required to go toward affordable housing, 20% of the loan balance including accrued interest is reported in the Housing Special Revenue Fund. The remainder of the loan balance including accrued interest is reported in the Capital Outlay Reserve Capital Projects Fund (as assigned by City Council for the civic center rehabilitation reserve (see Note 15), and the Water and Sewer Funds.

NOTE 4: LEASES RECEIVABLE
The City has 2 cell tower leases and 1 building lease in place as of June 30, 2024. Revenue recognition is in accordance with GASB Statement No. 87. The City recognized $99,429 in lease revenue during the fiscal year ended June 30, 2024. Leases receivable at June 30, 2024 was $853,219. Summarized information for each lease is as follows:

Quoted Observable Unobservable
Prices Inputs Inputs
Level 1 Level 2 Level 3 Total
Investments held by the City:

U.S. Treasury Notes - $ 15,344,464 $ - $ 15,344,464 $
Municipal Notes - 111,230 - 111,230
Corporate Notes - 9,767,260 - 9,767,260
Foreign Notes - 960,463 - 960,463
Total Leveled Investments - $ 26,183,417 $ - $ 26,183,417 LAIF* 18,643,102
Money Market Mutual Funds* 7,989
Total Investment Portfolio 44,834,508 $
*Not subject to fair value measurement hierarchy

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
61 NOTE 4: LEASES RECEIVABLE (Continued)
American Cell Tower Lease
In May 1996, the City entered into a lease with American Tower to allow a portion of the City’s property to be utilized for a cellular tower. The original lease term was for 5 years and includes five additional optional 5-year terms. If all options to extend were utilized the original lease would end in 2026. The City and American Tower signed a lease amendment in May 2018 for five additional 5-year terms. If all extensions are utilized the lease would end in May 2051. Monthly rent increases annually by 3%. Options to renew are automatically exercised unless the lessee notifies the City in writing prior to any commencement period of an option. Rent for the fiscal year ended June 30, 2024, totaled $30,252.

Crown Castle Cell Tower Lease
In May 1998, the City entered into a lease with Crown Castle to allow a portion of the City’s property to be utilized for a cellular tower. The original lease term was for 5 years and includes five additional optional 5-year terms. The lease automatically renews on each renewal date unless the lessee notifies the City in writing not to extend at least 90 days prior to the expiration of the current lease term. If all options to extend are utilized the lease would end in May 2028. Monthly rent increases annually by 3%. Rent for the fiscal year ended June 30, 2024, totaled $37,783.

Elite Taekwondo Building Lease
In February 2015, the City entered into a lease with Elite Taekwondo Center Inc. to rent real property. The City and the lessee have entered into 4 lease amendments to the original lease. The 4th amendment set the monthly rent starting December 2021 at $5,000 a month with an annual increase every December of $500 per month. The lease ends in May 2025. Rent for the fiscal year ended June 30, 2024, totaled $69,500.

At fiscal year-end, the future minimum lease payments due to the City are as follows:

Fiscal Present
Year Ending Value Total
June 30, Lease Amortization Payments
2025 66,790 $ 33,287 $ 100,077 $
2026 40,721 31,457 72,178
2027 44,516 29,828 74,344
2028 27,346 28,048 55,394
2029 8,117 26,954 35,071
2030-2034 63,038 128,744 191,782
2035-2039 109,708 112,620 222,328
2040-2044 171,748 85,992 257,740
2045-2049 253,324 45,467 298,791
2050-2052 67,911 2,932 70,843
Totals 853,219 $ 525,329 $ 1,378,548 $

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
62 NOTE 5: LOANS RECEIVABLE
Loans receivable consists of the following at June 30, 2024:

Rental Housing Project Loan
During the fiscal year ended June 30, 2001, the former CDC loaned $4,933,000 to a developer for the construction of a senior citizens affordable rental housing project. Interest on the loan accrues at a rate equal to the rate of return on City investments in LAIF plus 2.375%. The senior housing operator makes monthly payments to the City based on its operating income. During the fiscal year, the Housing Special Revenue Fund accrued $166,393 in interest and received $228,675 from the operator. The balance of this loan at June 30, 2024 was $2,628,007.

Housing Loans
The former CDC provided second mortgages of $5,000 for the Denni Street Affordable Housing project.

These mortgages had no payment for a period of 10 years from the date of the original buyer’s purchase.

The loans accrue a 3% simple interest until it is repaid in full. There were a total of 62 initial loans for the Denni Street Affordable Housing project. The former CDC accepted full payment of some loans on or after the 10-year anniversary date. These loans were transferred from the Successor Agency to the Housing fund during the 2011-12 fiscal year as a result of the dissolution of the former CDC. As of June 30, 2024, there were five remaining loans outstanding with a total balance of $11,369.

Computer Loan Program
Employee computer loan programs have been used by employers in all fields to increase computer literacy amongst employees and, thereby, improve the productivity of the workforce. They generally offer no- or low-interest loans that are provided by the employer to purchase qualifying computers and accessories. The loans are repaid over time through payroll deductions. If employees separate prior to repayment of the loan, the balance is deducted from the final paycheck. The balance of these loans at June 30, 2024 was $1,643.

Balances at Balances at
June 30, 2023 Additions Deletions June 30, 2024
Loan receivable - Rental Housing Project 2,690,289 $ $ 166,393 $ (228,675) $ 2,628,007 Loan receivable - Housing Loans 11,369 - - 11,369
Computer Loan Program 1,740 1,033 (1,130) 1,643
Total governmental activities –
long–term liabilities $ 2,703,398 $ 167,426 $ (229,805) $ 2,641,019

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
63 NOTE 6: CAPITAL ASSETS
A summary of capital asset activity for the fiscal year ended June 30, 2024, is as follows:

Balances at Balances at
June 30, 2023 Additions Deletions Transfers June 30, 2024 Capital assets, not being depreciated:

Land 2,940,392 $ - $ - $ - $ 2,940,392 $
Land rights related to streets 5,104,472 - - - 5,104,472 Construction in progress 699,130 625,478 - (664,901) 659,707 Total capital assets, not being depreciated 8,743,994 625,478 - (664,901) 8,704,571 Capital assets, being depreciated:

Buildings and improvements 9,847,784 88,700 (22,890) 498,561 10,412,155 Equipment 3,594,941 69,152 (37,052) 11,119 3,638,160
Vehicles 2,077,279 241,326 (171,844) 155,221 2,301,982
Furniture and fixtures 128,458 - - - 128,458
Infrastructure - Street network 11,133,099 - - - 11,133,099 Infrastructure - Storm Drains 676,184 - - - 676,184
Total capital assets, being depreciated 27,457,745 399,178 (231,786) 664,901 28,290,038 Less accumulated depreciation for:

Buildings and improvements (4,414,591) (220,300) 15,723 - (4,619,168) Equipment (1,690,719) (262,624) 37,052 - (1,916,291)
Vehicles (1,781,890) (104,172) 171,844 - (1,714,218)
Furniture and fixtures (108,287) (6,347) - - (114,634)
Infrastructure - Street network (7,783,861) (171,946) - - (7,955,807) Infrastructure - Storm Drains (460,726) (9,016) - - (469,742) Total accumulated depreciation (16,240,074) (774,405) 224,619 - (16,789,860) Total capital assets, being depreciated, net 11,217,671 (375,227) (7,167) 664,901 11,500,178 Capital assets, being amortized:

Intangible right-to-use - 349,301 - - 349,301
Total capital assets, being amortized - 349,301 - - 349,301 Less accumulated amortization for:

Intangible right-to-use - (131,033) - - (131,033)
Total accumulated amortization - (131,033) - - (131,033) Total capital assets, being amortized, net - 218,268 - - 218,268 Governmental activities capital assets, net 19,961,665 $ 468,519 $ (7,167) $ - $ 20,423,017 $ Governmental Activities

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
64 NOTE 6: CAPITAL ASSETS (Continued)
Depreciation expense was charged to functions for the fiscal year ended June 30, 2024, as follows:

A summary of capital asset activity for the fiscal year ended June 30, 2024, is as follows:

Governmental Activities:

General government 310,124 $
Public safety 179,221
Public works 215,149
Recreation 192,230
Community Development 8,714
Total depreciation expense- governmental activities 905,438 $ Balances at Balances at
June 30, 2023 Additions Deletions Transfers June 30, 2024 Capital assets, not being depreciated:

Land 754,000 $ - $ - $ - $ 754,000 $
Construction in progress 24,500 573,877 - (598,377) -
Total capital assets, not being depreciated 778,500 573,877 - (598,377) 754,000 Capital assets, being depreciated:

Buildings and improvements 7,839,662 - - - 7,839,662
Vehicles 15,118 - - - 15,118
Machinery and equipment 4,198,098 - (238,939) 598,377 4,557,536 Water system and other improvements 3,008,913 - - - 3,008,913 Sewer system and other improvements 3,211,542 - - - 3,211,542 Total capital assets, being depreciated 18,273,333 - (238,939) 598,377 18,632,771 Less accumulated depreciation for:

Buildings and improvements (6,911,792) (39,811) - - (6,951,603) Vehicles (15,118) - - - (15,118)
Machinery and equipment (3,256,680) (115,020) 238,939 - (3,132,761) Water system and other improvements (1,990,083) (40,124) - - (2,030,207) Sewer system and other improvements (2,223,842) (42,802) - - (2,266,644) Total accumulated depreciation (14,397,515) (237,757) 238,939 - (14,396,333) Total capital assets, being depreciated, net 3,875,818 (237,757) - 598,377 4,236,438 Business-type activities capital assets, net 4,654,318 $ 336,120 $ - $ - $ 4,990,438 $ Business-Type Activities

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
65 NOTE 6: CAPITAL ASSETS (Continued)
Depreciation expense was charged to functions for the fiscal year ended June 30, 2024, as follows:

NOTE 7: LONG-TERM LIABILITIES
A summary of changes in long-term liabilities for the fiscal year ended June 30, 2024, is as follows:

Compensated absences are generally liquidated by the General Fund.

Debt service requirements on long-term debt at June 30, 2024, are as follows:

Business-Type Activities:

Water 193,161 $
Sewer 44,596
Total depreciation expense- business-type activities $ 237,757 Balance Balance Due Within
Governmental activities June 30, 2023 Additions Deletions June 30, 2024 One Year Direct Borrowings:

Enterprise Finance Purchase F150 $ 33,075 $ - $ (6,630) $ 26,445 $ 7,315 Enterprise Financed Purchase 2 F150s 58,003 - (9,614) 48,389 10,961 Enterprise Financed Purchase 3 F350s - 185,976 (11,789) 174,187 23,214 Enterprise Financed Purchase Nissan 30,048 - (3,618) 26,430 4,368 Total Financed Purchase Obligations 121,126 185,976 (31,651) 275,451 45,858 Other Long Term Liabilities
SBITAs - 349,301 (131,033) 218,268 117,004
Compensated Absences 615,697 415,178 (461,530) 569,345 445,841 $ 736,823 $ 950,455 $ (624,214) $ 1,063,064 $ 608,703
Fiscal Year
Ending June 30, Principal Interest Total
2025 45,858 $ $ 33,918 $ 79,776
2026 53,253 26,523 79,776
2027 74,561 15,464 90,025
2028 48,132 8,819 56,951
2029 53,647 - 53,647
$ 275,451 $ 84,724 $ 360,175
Fiscal Year
Ending June 30, Principal Interest Total
2025 117,004 $ $ 10,660 $ 127,664
2026 101,264 5,063 106,327
$ 218,268 $ 15,723 $ 233,991
Enterprise Finance Purchases
SBITAs

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
66 NOTE 7: LONG-TERM LIABILITIES (Continued)
Enterprise Finance Purchase F150
In October 2021, the City entered into a finance purchase agreement for 60 months with Enterprise to acquire one Ford F150 truck for a total cost of $57,871. The City paid $15,136 at the start of the lease.

Monthly payments are $815 through the maturity of the agreement in October 2026. The outstanding balance at June 30, 2024, was $26,445.

Enterprise Finance Purchase 2 F150s
In May 2022, the City entered into two finance purchase agreements for 60 months with Enterprise to acquire two Ford F-150 trucks for a total cost of $67,765. Monthly payments are $1,352 through the maturity of the agreements in May 2027. The outstanding balance at June 30, 2024 was $48,389.

Enterprise Finance Purchase Nissan
In June 2023, the City entered into a finance purchase agreement for 58 months with Enterprise to acquire a Nissan Rogue for a total cost of $30,835. Monthly payments are $658 through the maturity of the agreement at the end of March 2028. The outstanding balance at June 30, 2024 was $26,430.

Enterprise Finance Purchase 3 F350s
During the fiscal year ended June 30, 2024, the City entered into three finance purchase agreements for 60 months with Enterprise to acquire three Ford F-350 trucks for a total cost of $185,976. Monthly payments range from $1,220 to $ 1,376 through the maturity of the agreements during the fiscal year ended June 30, 2029. The total outstanding balance at June 30, 2024 was $174,187.

Subscription Based Information Technology Arrangements
During fiscal year ended June 30, 2023, the City implemented the provisions of GASB Statement No.96, Subscription-Based information Technology Arrangements (SBITAs), which required the City to record an intangible right-to-use subscription asset. As of June 30, 2024, the City has an intangible right-to-use asset amounting to $349,301 with accumulated amortization of $131,033. The subscription asset is offset with a subscription liability as discussed in Note 1. A summary of subscription-based technology arranges for the fiscal year ended June 30, 2024, are as follows:

Balance Balance Due Within
Subscription Liabilities June 30, 2023 Additions Deletions June 30, 2024 One Year ClearGov $ 49,793 - $ $ (24,408) $ 25,385 $ 25,385
CivicPlus 54,451 - (22,253) 32,198 15,294
OpenGov Cartegraph 112,907 - (61,060) 51,847 24,627
OpenGov Permit 132,150 - (23,312) 108,838 51,698
$ 349,301 - $ $ (131,033) $ 218,268 $ 117,004

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
67 NOTE 8: DEFINED BENEFIT PENSION PLANS (PERS)
A. General Information about the Pension Plans
Plan Descriptions
All qualified permanent and probationary employees are eligible to participate in the City’s separate Safety (police and fire) and Miscellaneous (all other) Employee Pension Plans, which are cost-sharing multiple employer defined benefit pension plan administered by the California Public Employees Retirement System (CalPERS). 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 plans regarding benefit provisions, assumptions and membership information that can be found on the CalPERS’ website.

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 to 62 with statutorily reduced benefits. For employees hired into a plan with the

2.7% at 55 formula, eligibility for service retirement is age 55 with at least five years of services. PEPRA miscellaneous members become eligible for service retirement upon attainment of age 52 with at least five years of service. All members are eligible for non-duty disability benefits after five 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. Safety members can receive a special death benefit if the member dies while actively employed and the death is job-related. The cost-of-living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

Benefits Provided
The Plan’s provisions and benefits in effect for the fiscal year ended June 30, 2024, are summarized as follows:

Tier I Tier II Tier III- PEPRA
Hire date
June 30, 2011
and Prior
On or after
July 1, 2011
On or After
January 1,
2013
Benefit formula 3% @ 50 2% @ 55 2% @ 57
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments Monthly for life Monthly for life Monthly for life Retirement age 55 55 57
Monthly benefits, as a % of eligible compensation 3.00% 2.00% 2.00% Required employee contribution rates 8.99% 6.98% 11.75% Required employer normal cost contribution rates 29.09% 17.99% 11.52% Unfunded actuarial liability payment 1,006,958 $ 460 $ $ 9,061 City Safety Plan

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
68 NOTE 8: DEFINED BENEFIT PENSION PLANS (PERS) (Continued) A. General Information about the Pension Plans (Continued) Contributions
Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employees be determined on an annual basis by the actuary and shall be effective on 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 fiscal 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. City 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 contributions requirements are classified as plan member contributions. For the fiscal year ended June 30, 2024, the City made contributions totaling $2,215,905 ($856,780 Miscellaneous plan and $1,359,125 Safety plan).

B. Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions
The City’s net pension liability for each Plan is measured as the proportionate share of the net pension liability. The net pension liability of each of the Plans is measured as of June 30, 2023, and the total pension liability for each Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2022, with update procedures used to roll forward the total pension liability to June 30, 2023.

The City’s proportionate share of the net pension liability was based on a projection of the City’s long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined.

Tier I Tier II Tier III- PEPRA
Hire date
June 30, 2011
and Prior
On or after
July 1, 2011
On or After
January 1,
2013
Benefit formula 2.7% @ 55 2% @ 60 2% @ 62
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments Monthly for life Monthly for life Monthly for life Retirement age 55 60 62
Monthly benefits, as a % of eligible compensation 2.70% 2.00% 2.00% Required employee contribution rates 7.96% 6.93% 7.75%
Required employer normal cost contribution rates 15.95% 10.10% 7.68% Unfunded actuarial liability payment 620,773 $ - $ $ -
City Miscellaneous Plan

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
69 NOTE 8: DEFINED BENEFIT PENSION PLANS (PERS) (Continued) B. Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions (Continued)
As of June 30, 2024, the City reported net pension liabilities for its proportionate shares of the net pension liability of each Plan as follows:

The City’s proportionate share of the net pension liability for each Plan as of the measurement date ended June 30, 2022 and 2023, was as follows:

For the fiscal year ended June 30, 2024, the City recognized pension expense of $2,246,861 ($879,705 for the Miscellaneous Plan and $1,367,156 for the Safety Plan). At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Proportionate Share
of Net Pension
Liability
Miscellaneous 8,973,230 $
Safety 14,672,747
Total Net Pension Liability 23,645,977 $
Miscellaneous Safety
Proportion - June 30, 2022 0.17776% 0.19958%
Proportion - June 30, 2023 0.17945% 0.19629%
Changes - Increase (Decrease) 0.00169% -0.00329%
Deferred Outflows Deferred Inflows
of Resources of Resources
Differences between expected and actual experience 387,292 $ - $ Changes in assumptions 541,754 -
Net differences between projected and actual earnings on plan investments 1,452,847 -
Ddifferences between employer's contributions and the
employer's proprtionate share of contributions - 715,524 Change in employer's proportion 513,039 -
Pension contributions subsequent to measurement date 856,780 - Total 3,751,712 $ 715,524 $
Miscellaneous

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
70 NOTE 8: DEFINED BENEFIT PENSION PLANS (PERS) (Continued) B. Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions (Continued)
Amounts reported as deferred outflows of resources related to pension contributions subsequent to the measurement date for the Miscellaneous and Safety Plans, respectively, will be recognized as a reduction of the net pension liability in the fiscal year ended June 30, 2025.

Other amounts reported as deferred outflows/inflows of resources related to pensions will be recognized as pension expense as follows:

Deferred Outflows Deferred Inflows
of Resources of Resources
Differences between expected and actual experience 985,026 $ - $ Changes in assumptions 856,321 -
Net differences between projected and actual earnings on plan investments 2,007,962 -
Differences between employer's contributions and the
employer's proportionate share of contributions - 964,326 Change in employer's proportion 652,616 -
Pension contributions subsequent to measurement date 1,359,125 - Total 5,861,050 $ 964,326 $
Safety
Fiscal Year Ended
June 30 Miscellaneous Safety
2025 658,717 $ 1,127,915 $
2026 447,339 794,155
2027 1,031,662 1,559,484
2028 41,690 56,045
Total 2,179,408 $ 3,537,599 $

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
71 NOTE 8: DEFINED BENEFIT PENSION PLANS (PERS) (Continued) B. Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions (Continued)
Actuarial Methods and Assumptions
The collective total pension liability for the June 30, 2023 measurement period was determined by an actuarial calculation as of June 30, 2022, with update procedures used to roll forward the total pension liability to June 30, 2023. The June 30, 2023 (measurement date) total pension liability was based on the following actuarial methods and assumptions:

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.

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

Discount Rate 6.90% 6.90%
Inflation Rate 2.30% 2.30%
Salary Increases (1) (1)
Mortality Rate Table (2) (2)
Post Retirement Benefit Increase (3) (3)
(1) Varies by entry age and service.
(2) The mortality table used was developed based on CalPERS'-specific data. The rates incorporate Generational Mortality to capture ongoing mortality improvement using 80% of Scale MP 2020 published by the Society of Actuaries. For more details, please refer to the 2021 experience study report that can be found on the CalPERS' website. (3) The less of contract COLA or 2.30% until Purchasing Power Protection Allowance Plan on purchasing power applies, 2.30% thereafter.

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
72 NOTE 8: DEFINED BENEFIT PENSION PLANS (PERS) (Continued) B. Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions (Continued)
Long-Term Expected Rate of Return
In determining the long-term expected rate of return, CalPERS took into account both long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated and, combined with risk estimates, are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return.

The expected real rates of return by asset class are as followed:
1 – An expected inflation of 2.30% used for this period. 2 – Figures are based on the 2021-22 asset liability management study.

Assumed Asset Real Return
Asset class Allocation Years 1 - 10 1 2
Global equity - cap weighted 30.00% 4.54%
Global equity non-cap-weighted 12.00% 3.84%
Private equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed securities 5.00% 0.50%
Investment grade corporates 10.00% 1.56%
High yield 5.00% 2.27%
Emerging market debt 5.00% 2.48%
Private debt 5.00% 3.57%
Real assets 15.00% 3.21%
Leverage -5.00% -0.59%
Total 100.00%

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
73 NOTE 8: DEFINED BENEFIT PENSION PLANS (PERS) (Continued) B. Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions (Continued)
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability/(asset) of the Plan as of the measurement date, calculated using the discount rate of 6.90 percent, as well as what the net pension liability/(asset) would be if it were calculated using a discount rate that is 1 percentage-point lower (5.90 percent) or 1 percentage-point higher (7.90 percent) than the current rate:

Pension Plans Fiduciary Net Position
Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS’ financial reports.

C. Payable to the Pension Plan
At June 30, 2024, the City had no outstanding amount of contributions to the pension plans required for the fiscal year ended June 30, 2024.

NOTE 9: PUBLIC AGENCY RETIREMENT SYSTEM (PARS)
PARS is a defined contribution pension plan. On April 18, 2000, the City Council authorized the City to become a member of the Public Agency Retirement System (PARS) trust, effective July 1, 2000, for its eligible part-time, seasonal, and temporary employees. The City Manager is the Plan Administrator and has the authority for establishing or amending the plan’s provision. This is an alternative retirement system for those not covered by a CalPERS retirement plan. Under PARS, the City and the employee each contribute

3.75% of compensation for a total annual contribution of 7.5%. For the fiscal year ended June 30, 2024, the amount contributed by the City was $5,683. Employees are fully vested at all times. The City has entered into an agreement with Phase II Systems to provide trust administrator services.

Miscellaneous Safety Total
1% Decrease 5.90% 5.90% 5.90%
Net Pension Liability $ 14,254,971 $ 21,917,318 $ 36,172,289 Current Discount Rate 6.90% 6.90% 6.90%
Net Pension Liability $ 8,973,230 $ 14,672,747 $ 23,645,977 1% Increase 7.90% 7.90% 7.90%
Net Pension Liability (Asset) 4,625,903 $ $ 8,749,795 $ 13,375,698

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
74 NOTE 10: OTHER POSTEMPLOYMENT RETIREMENT BENEFITS
Plan Description
The City provides postemployment benefits to retired employees in the form of a contribution toward their medical premiums under the CalPERS’ health plan, which provides medical insurance benefits to eligible retirees in accordance with various labor agreements. The City participates in the California Employer’s Retiree Benefit Trust Program (CERBT). CERBT is administered by CalPERS and is an agent multipleemployer plan. The minimum required retiree contributions are established by CalPERS. Survivor benefits are not provided. Copies of the CalPERS’ annual financial report may be obtained from the CalPERS’ Executive Office – 400 P Street, Sacramento, CA 95814.

Employees are eligible for retiree health benefits if they retire from the City on or after age 50 (unless disabled), with five years of service and are eligible for a defined benefit pension plan (PERS) pension and are enrolled in a CalPERS retiree health plan. The benefits are available only to employees who retire from the City.

Eligibility
As of measurement date June 30, 2023, the following current and former employees were covered by the benefit terms under the Plan:

Contributions
The benefit provisions and contribution requirements of plan members and the City are established and may be amended through agreements and memorandums of understanding between the City, its employees, and unions representing the City’s employees. Administrative costs of OPEB plan are financed through investment earnings. The contribution required to be made under City Council and labor agreements is based on a pay-as-you-go basis (i.e., as medical insurance premiums become due). For the fiscal year ended June 30, 2024, the City contributed $236,902 ($68,202 to the CERBT Trust, $133,802 for current premiums, $898 for administrative costs, and the estimated implied subsidy was $34,000) to the OPEB plan. The contributions to the OPEB plan are generally made from the General Fund.

The CERBT is a GASB Statement Number 75 compliant trust in that the contributions are irrevocable, the plan assets are dedicated to providing OPEB to plan members in accordance with the benefit terms, and the OPEB plan assets are legally protected from the creditors of the City, OPEB plan administrator, and plan members. The CERBT costs are shared with other members of the CERBT.

Inactive employees or beneficiaries currently receiving benefits 32 Inactive employees entitled to, but not yet receiving benefits 27 Active employees 45
Total 104

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
75 NOTE 10: OTHER POSTEMPLOYMENT RETIREMENT BENEFITS (Continued) Net OPEB Liability
The City’s net OPEB liability was measured as of June 30, 2023 and was determined by an actuarial valuation as of June 30, 2022. A summary of the principal assumptions and methods used to determine the total OPEB liability are shown below.

Actuarial Assumptions
The total OPEB liability actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:

The long-term expected rate of return is an estimate and is presented as geometric means developed over a 20-year period. The long-term expected real rates of return for each major asset class included in the OPEB plan’s target asset allocation as of the June 30, 2023, measurement date, are summarized below:

Actuarial Valuation Date June 30, 2022
Measurement Date June 30, 2023
Actuarial Cost Method Entry Age Normal, Level Percentage of Payroll
Actuarial Assumptions
Discount Rate 6.25%
Long-Term Expected Rate of 6.25% (same as discount rate- City Return on Investments projected to pass GASB 75 asset test) Inflation 2.50% annually
Mortality, Retirement, Disability,
Termination
CalPERS' 2000-2019 Experience Study
Mortality Improvement Mortality projected fully generational Scale MP-2021
Salary Increases Aggregate - 2.75% annually
Merit - CalPERS' 2000-2019
Experience Study
Medical Trend Non-Medicare - 8.50% for 2025,
decreasing to an ultimate rate of 3.45%
in 2076
Medicare - 7.50% for 2025, decreasing
to an ultimate rate of 3.45% in 2076
PEMHCA Minimum Increases 3.50% annually

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
76 NOTE 10: OTHER POSTEMPLOYMENT RETIREMENT BENEFITS (Continued) Actuarial Assumptions (Continued)
Discount Rate
The discount rate used to measure the total OPEB liability was 6.25 percent. The projection of cash flows used to determine the discount rate assumed that the City contributions will be made at rates equal to the actuarially determined contribution rates. Based on those assumptions, the OPEB plan’s fiduciary net position was projected to be available to make all projected OPEB payments for current active and inactive employees and beneficiaries. Therefore, the long-term expected rate of return on OPEB plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability.

Changes in the Net OPEB Liability (Asset)
The changes in net OPEB liability are as follows:

Expected
Target Real Rate
Assets Class Allocation of Return
Global Equity 49% 4.56%
Fixed Income 23% 1.56%
Treasury Inflation-Protected Securities 5% -0.08%
Commodities 3% 1.22%
Real Estate Investment Trusts 20% 4.06%
Total OPEB Plan Fiduciary Net OPEB
Liability Net Position Liability (Asset)
Balance at June 30, 2023
(6/30/22 measurement date) 2,831,221 $ 2,825,187 $ 6,034 $ Changes for the fiscal year
Service Cost 78,560 - 78,560
Interest 176,149 - 176,149
Actual vs. expected experience (417,048) - (417,048)
Assumption changes (7,553) - (7,553)
Contributions - employer - 333,679 (333,679)
Net investment income - 184,296 (184,296)
Benefit Payments (182,795) (182,795) -
Administrative Expense - (1,713) 1,713
Net Change (352,687) 333,467 (686,154)
Balance at June 30, 2024
(6/30/23 measurement date) 2,478,534 $ 3,158,654 $ (680,120) $ Changes in Net OPEB Liability as of June 30, 2024

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
77 NOTE 10: OTHER POSTEMPLOYMENT RETIREMENT BENEFITS (Continued) A. Change of Assumptions
The discount rate was updated based on newer capital market assumptions. There were decreases in inflation, discount rate, medical trend, and salary increases.

B. Change of Benefit Terms
There were no changes of benefit terms.

C. Subsequent Events
There were no subsequent events that would materially affect the results presented in the disclosure.

D. Sensitivity of the Net OPEB Liability (Asset) to Changes in the Discount Rate The following presents the net OPEB liability (asset) of the City if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate, for measurement period ending June 30, 2023:

E. Sensitivity of the Net OPEB Liability (Asset) to Changes in Medical Trend Rates The following presents the net OPEB liability (asset) of the City if it were calculated using health care cost trend rates that are one percentage point lower or one percentage point higher than the current rate, for the measurement period ending June 30, 2023:

F. OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB For the fiscal year ended June 30, 2024, the City recognized OPEB expense of $71,502. At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Current
1% Decrease Discount Rate 1% Increase

5.25% 6.25% 7.25%
Net OPEB Liability (Asset) (426,201) $ (680,120) $ (896,733) $ Valuation
1% Decrease Current Trend 1% Increase
Net OPEB Liability (Asset) (806,299) $ (680,120) $ (525,053) $

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
78 NOTE 10: OTHER POSTEMPLOYMENT RETIREMENT BENEFITS (Continued) F. OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB (Continued) The differences between projected and actual earnings on plan investments is amortized over five years. $236,902 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability in the fiscal year ended June 30, 2025. Other amounts reported as deferred inflows and outflows of resources will be recognized in the OPEB expense as follows:

G. Payable to the OPEB Plan
At June 30, 2024, the City had no outstanding amount of contributions to the OPEB plan required for the fiscal year ended June 30, 2024.

Deferred Outflows Deferred Inflows
of Resources of Resources
Differences between expected
and actual experience 9,529 $ 500,463 $
Change in assumptions 34,712 9,620
Net difference between projected
and actual earnings on investments 180,128 -
Employer contributions made
subsequent to the measurement date 236,902 -
Total $ 510,083 461,271 $
For the Recognized Net
Fiscal Year Deferred Outflows
Ending June 30, (Inflows) of Resources
2025 (49,506) $
2026 (62,639)
2027 30,411
2028 (90,963)
2029 (68,654)
Thereafter (44,363)
Total $ (285,714)

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
79 NOTE 11: LIABILITY, PROPERTY, AND WORKERS’ COMPENSATION PROTECTION A. Description of Self-Insurance Pool Pursuant to Joint Powers Agreement The City of La Palma is a member of the California Joint Powers Insurance Authority (JPIA or Authority).

The Authority is composed of 124 California public entities and is organized under a joint powers agreement pursuant to California Government Code §6500 et seq. The purpose of the Authority is to arrange and administer programs for the pooling of self-insured losses, to purchases excess insurance or reinsurance, and to arrange for group purchased insurance for property and other lines of coverage. The California JPIA began covering claims of its members in 1978. Each member government has an elected official as its representative on the Board of Directors (Board). The Board operates through a nine-member Executive Committee.

B. Primary Self-Insurance Programs of the Authority
Each member pays an annual contribution at the beginning of the coverage period. A retrospective adjustment is then conducted annually thereafter for coverage years 2012-13 and prior. Coverage years 2013-14 and forward are not subject to routine annual retrospective adjustment. The total funding requirement for primary self-insurance programs is based on an actuarial analysis. Costs are allocated to individual agencies based on payroll and claims history relative to other members of the risk-sharing pool.

Primary Liability Program:

Claims are pooled separately between police and general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $100,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes incurred costs from $100,000 to $500,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs from $500,000 to $50 million, are distributed based on the outcome of cost allocation within the first and second layers.

The overall coverage limit for each member including, all layers of coverage, is $50 million per occurrence.

Subsidence losses have $50 million per occurrence limit. Subsidence losses also have a $50 million per occurrence. The coverage structure includes retained risk that is pooled among members, reinsurance, and excess insurance. More detailed information about the various layers of coverage is available on the following website: https://cjpia.org/coverage/risk-sharing-pools/.

Primary Worker’s Compensation Program:

Claims are pooled separately between public safety (police and fire) and general government exposures. (1) The payroll of each member is evaluated relative to the payroll of other members. A variable credibility factor is determined for each member, which establishes the weight applied to payroll and the weight applied to losses within the formula. (2) The first layer of losses includes incurred costs up to $75,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the first layer. (3) The second layer of losses includes incurred costs from $75,000 to $200,000 for each occurrence and is evaluated as a percentage of the pool’s total incurred costs within the second layer. (4) Incurred costs in excess from

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
80 NOTE 11: LIABILITY, PROPERTY, AND WORKERS’ COMPENSATION PROTECTION (Continued)
B. Primary Self-Insurance Programs of the Authority (Continued) $200,000 to statutory limits are distributed based on the outcome of cost allocation within the first and second loss layers.

For 2023-24 the Authority’s pooled retention is $1 million per occurrence, with reinsurance to statutory limits under California Workers’ Compensation Law. Employer’s Liability losses are pooled among members to $1 million. Coverage from $1 million to $5 million is purchased through reinsurance policies, and Employer’s Liability losses from $5 million to $10 million are pooled among members.

C. Purchased Insurance
Pollution Legal Liability Insurance
The City participates in the pollution legal liability insurance program which is available through the Authority. The policy covers sudden and gradual pollution of scheduled property, streets, and storm drains owned by the City. Coverage is on a claims-made basis. There is a $250,000 deductible. The Authority has an aggregate limit of $20 million.

Property Insurance
The City participates in the all-risk property protection program of the Authority. This insurance protection is underwritten by several insurance companies. The City’s property is currently insured according to a schedule of covered property submitted by the City to the Authority. The City’s property currently has all-risk property insurance protection in the amount of $28,840,928. There is a $10,000 deductible per occurrence except for non-emergency vehicle insurance which has a $2,500 deductible.

Earthquake and Flood Insurance
The City purchases earthquake and flood insurance on a portion of its property. The earthquake insurance is part of the property protection insurance program of the Authority. The City’s property currently has earthquake protection in the amount of $23,229,786. There is a deductible of 5% per unit of value with a minimum deductible of $100,000.

Crime Insurance
The City purchases crime insurance coverage in the amount of $1,000,000 with a $2,500 deductible. The fidelity coverage is provided through the Authority.

D. Adequacy of Protection
During the past three fiscal years, none of the above programs of protection experienced settlements or judgments that exceed pooled or insured coverage. There were also no significant reductions in pooled or insured liability coverage in FY 2023-24.

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
81 NOTE 12: LITIGATION
The City is presently involved in other matters of litigation that have arisen in the normal course of the City’s businesses. City management believes, based upon consultation with the City Attorney, that these cases, in the aggregate, are not expected to have a material adverse financial impact on the City.

Additionally, City management believes that sufficient reserves are available to the City to cover any potential losses, should an unfavorable outcome materialize.

NOTE 13: JOINTLY GOVERNED ENTITIES- ORANGE COUNTY FIRE AUTHORITY The City entered into a joint powers agreement with 17 other cities and the County of Orange in January 1995, and subsequently amended on September 23, 1999, to create the Orange County Fire Authority (the Fire Authority). Since 1995, other cities within the County have also joined the Fire Authority to bring the total members in the Fire Authority to 22. The purpose of the Fire Authority is to provide for mutual fire protection, prevention, and suppression services, and related and incidental services including, but not limited to, emergency medical and transport services and hazardous materials regulation, as well as providing facilities and personnel for such services. The effective date of formation was March 1, 1995.

The Fire Authority’s governing board consists of one representative from each city and two from the County.

The operations of the Fire Authority are funded with structural fire fees collected by the County through either the property tax roll or with cash contributions based on the Fire Authority’s annual budget. The County pays all structural fire fees it collects to the Fire Authority.

No determination has been made as to each participant’s proportionate share of fund equity as of June 30, 2024. Upon dissolution of the Fire Authority, all surplus money and property of the Fire Authority will be conveyed or distributed to each member in proportion to all funds provided to the Fire Authority by that member or by the County on behalf of that member during its membership. Separate audited financial statements may be obtained from the Fire Authority at 1 Fire Authority Road, Irvine, CA 92602.

NOTE 14: INTERFUND TRANSFERS
Interfund transfers for the fiscal year ended June 30, 2023, are as follows:

Purpose of Interfund Transfers
a. The Water and Sewer funds transferred $682,900 and $100,000, respectively, to the General Fund to fund various administrative costs.

Transfers In Transfers Out Amount
General Fund Water (a) $ 682,900
General Fund Sewer (a) 100,000
Capital Outlay Reserve Water (d) 3,788
Capital Outlay Reserve Sewer (d) 659
Nonmajor Funds General Fund (c) 29,372
Capital Outlay Reserve General Fund (b) 400,000
Total Interfund Transfers 1,216,719 $

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
82 NOTE 14: INTERFUND TRANSFERS (Continued)
Purpose of Interfund Transfers (Continued)
b. The General Fund transferred $400,000 to the Capital Outlay Reserve Fund to fund various capital projects.
c. The General Fund transferred $29,372 to the Nonmajor Funds to fund the community foundation public safety program.
d. The Water and Sewer funds transferred $659 and $3,788, respectively, to the Capital Outlay Reserve Fund to fund various capital projects.

NOTE 15: FUND BALANCES
Fund balances are presented in the following categories: nonspendable, restricted, committed, assigned, and unassigned. A detailed schedule of fund balances at June 30, 2024 is as follows:

Capital Nonmajor Total
General Housing Outlay Reserve Governmental Governmental Fund Fund Fund Funds Funds
Nonspendable
Loans receivable $ 1,643 $ - $ - $ 1,643 - $
Prepaid items 45,922 - - 45,922 -
Total nonspendable fund balances 47,565 - - 47,565 -
Restricted for:

Public information - - 386,645 - 386,645
Capital projects - - 2,462,481 - 2,462,481
Public safety - - 828,125 - 828,125
Affordable housing 4,740,463 - - 4,740,463 -
Total restricted fund balances 4,740,463 - - 3,677,251 8,417,714 Committed for:

Economic uncertainty 7,767,700 - - 7,767,700 -
Economic development 186,282 - - 186,282 -
Total committed fund balances 7,953,982 - - 7,953,982 - Assigned for:

Cash flow 1,500,000 - - 1,500,000 -
Capital projects - 4,163,910 - 4,163,910 -
Civic center - 3,927,802 - 3,927,802 -
Total assigned fund balances 1,500,000 - 8,091,712 9,591,712 - Unassigned 8,931,640 - - 8,931,640 -
Total fund balances $ 18,433,187 $ 4,740,463 $ 8,091,712 $ 3,677,251 $ 34,942,613 Major Governmental Funds

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
83 NOTE 16: STEWARDSHIP, COMPLIANCE, AND ACCOUNTABLITY
The budget of the City’s capital projects are primarily “long-term” budgets, which emphasize major programs and capital outlay plans extending over a number of fiscal periods. Therefore, no budget-to-actual schedules are presented for the Capital Projects Funds.

NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS AND LIABILITIES FOR FORMER

REDEVELOPMENT AGENCY
A. General Discussion
On December 29, 2011, the California Supreme Court upheld Assembly Bill 1X 26 (the Bill) that provides for the dissolution of all redevelopment agencies in the state of California. This action impacted the reporting entity of the City that previously had reported a redevelopment agency, the Community Development Commission, within the reporting entity of the City as a blended component unit. On January 17, 2012, the City Council elected to become the Successor Agency for the former redevelopment agency in accordance with the Bill as part of City Resolution 2012-09. Subject to the control of an Oversight Board, remaining assets can only be used to pay enforceable obligations in existence at the date of dissolution (including the completion of any unfinished projects that were subject to legally enforceable contractual commitments).

On April 18, 2013 the City received a Finding of Completion from the State of California Department of Finance (DOF). The Finding of Completion allows the Successor Agency Oversight Board to approve the advances from the City to the former CDC (see Note 3) on the Recognized Obligation Payment Schedule (ROPS) beginning on July 1, 2014. The Finding of Completion also allows the Successor Agency to utilize proceeds derived from bonds issued prior to January 1, 2011, in a manner consistent with the original bond covenants, per HSC Section 34191.4(c). The Oversight Board has approved the advances on all ROPS submitted to the Department of Finance.

B. Successor Agency Long-Term Debt
A summary of changes in long-term debt held on by the Successor Agency of the City for the fiscal year ended June 30, 2024, is as follows:

Advances from the City of La Palma
The former redevelopment agency (CDC) borrowed funds from the City (See Note 3) for the purpose of assisting a third-party business operation to rehabilitate its property, per the scope and guidelines of redevelopment law in force at the time of the loan (1999) and to make a loan to a developer for the construction of a senior citizens affordable rental housing project (2001). The annual payments to the City Balance Balance Due Within
Governmental activities June 30, 2023 Additions Deletions June 30, 2024 One Year Other Long-Term Liabilities:

Advances from the City of
La Palma $ 7,574,764 131,196$ $ (555,597) $ 7,150,363 $ - $ 7,574,764 131,196$ $ (555,597) $ 7,150,363 $ -

CITY OF LA PALMA
Notes to Basic Financial Statements
June 30, 2024
84 NOTE 17: SUCCESSOR AGENCY TRUST FOR ASSETS AND LIABILITIES FOR FORMER REDEVELOPMENT AGENCY (Continued)
B. Successor Agency Long-Term Debt (Continued)
on the advances is limited to 50% of the residual earnings of the Successor Agency after all other enforceable obligations and payments to affected taxing agencies have been paid. The amount of interest that can be charged is 3% per annum in accordance with the requirements of California Health & Safety Code Section 34191.4(b)(3). The balance of the advance reported in the Redevelopment Successor Agency PrivatePurpose Trust Fund at June 30, 2024 was $7,150,363.

NOTE 18: COMMITMENTS
A. Operating Covenant Agreement
The City entered into an Operating Covenant Agreement in February 2013 with a business enterprise whereby the City shall rebate to the business enterprise a portion of the sales tax received by the City from the sale of the business enterprise’s products within the City’s limits. The term of the Operating Covenant shall be for 20 years and shall automatically renew for an additional 10 years thereafter unless the business enterprises provide written notice not less than 90 days before the expiration date. The business enterprise may terminate the agreement at any time upon 180 days with prior written notice to the City. Rebate payments to the business enterprise shall be made in quarterly installments by the City after receipt of sales tax revenue. Disclosure of the rebate amount is statutorily prohibited.

B. North Service Planning Area
The North Service Planning Area (North SPA) is a regional subsection of the County of Orange’s Continuum of Care system to address homelessness and is comprised of the cities of Brea, Buena Park, Cypress, Fullerton, La Habra, La Palma, Los Alamitos, Orange, Placentia, Stanton, Villa Park, and Yorba Linda. The concept of the SPA allows for greater regional coordination while reducing the span of control regarding working with the County of Orange and other stakeholders. The North SPA completed both low barrier homeless shelters during fiscal year 2019-20. The shelters are located in Buena Park and Placentia.

The Memorandum of Understanding assigned funding responsibilities to the City of La Palma for 1.98% of the construction cost and 2.28% of the operating costs borne by the North SPA. The construction costs were primarily funded through State Homeless Emergency Aid Program grants, and the City paid $23,652 in FY 19-20 for the City’s share of the construction costs. Most of the operating costs (96.3% of the operating costs) will be paid by State SB2 funds and the County of Orange, and the North SPA members pay the remaining 3.7% of the operating costs. The City of La Palma pays 2.28% of the 3.7% of operating costs.

The City’s FY 2023-24 share of operating costs was $151,142.

85 REQUIRED SUPPLEMENTARY INFORMATION

86 THIS PAGE INTENTIONALLY LEFT BLANK

CITY OF LA PALMA
Required Supplementary Information
Fiscal Year Ended June 30, 2024
87 General Fund
The general fund has been classified as a major fund and is used to account for all of the general revenues of the City not specifically levied or collected for other City funds and for expenditures related to the rendering of general services by the City. The general fund is used to account for all resources not required to be account for in another fund. The budget to actual comparison for this fund has been presented in the accompanying financial statements as required supplementary information.

Special Revenue Funds
Housing Fund – This fund is used to account for the restricted housing assets of the City. Revenues are from housing activities and are restricted for housing purposes. The budget to actual comparison for this fund has been presented in the accompanying financial statements as required supplementary information.

City of La Palma
Schedule of The Proportionate Share of The Net Pension Liability CalPERS Miscellaneous Pension Plan
Last Ten Years
Fiscal Year Ended June 30, 2024
Fiscal Year Ended 06/30/24 06/30/23 06/30/22
Measurement Period 06/30/23 06/30/22 06/30/21
Plan's Proportion of the Net Pension Liability 0.17945% 0.17776% 0.15361% Plan's Proportion Share of the Net Pension Liability $ 8,317,827 8,973,230 $ 2,916,733 $ Plan's Covered Payroll $ 2,216,206 2,382,233 $ 2,345,721 $ Plan's Proportionate Share of the Net Pension Liability as a Percentage of its Covered Payroll 376.67% 375.32% 124.34% Plan's Proportionate Share of the Fiduciary Net Position as a Percentage of the Plan's Total Pension Liability 77.02% 78.19% 90.49% Plan's Proportionate Share of Aggregate Employer Contributions $ 1,508,072 1,250,465 $ 1,279,001 $ Notes to Schedule:

Benefit Changes:

There were no changes in benefits.

Changes in Assumptions:

From fiscal year June 30, 2015 to June 30, 2016
GASB 68, paragraph 68 states that the long-term expected rate of return should be determined net of pension plan investment expense but without reduction for pension plan administrative expense. The discount rate of 7.50% used for the June 30, 2014 measurement date was net of administrative expenses. The discount rate of 7.65% used for the June 30, 2015 measurement date is without reduction of pension plan administrative expenses.

From fiscal year June 30, 2016 to June 30, 2017:

There were no changes in assumptions.

From fiscal year June 30, 2017 to June 30, 2018:

The discount rate was reduced from 7.65% to 7.15%
From fiscal year June 30, 2018 to June 30 2019:

Demographic assumptions and inflation rate were changed in accordance with the CalPERS Experience Study and review Actuarial Assumptions December 2017. There were no changes in discount rate.

From fiscal year June 30, 2019 to June 30, 2022:

There were no changes in assumptions.

From fiscal year July 1, 2022 to June 30, 2023:

The discount rate was reduced to 6.90%.
88

06/30/21 06/30/20 06/30/19 06/30/18 06/30/17 06/30/16 06/30/15 06/30/20 06/30/19 06/30/18 06/30/17 06/30/16 06/30/15 06/30/14

0.16347% 0.15803% 0.15225% 0.18307% 0.21449% 0.21293% 0.20821% $ 6,328,260 6,895,468 $ 5,737,906 $ 7,216,572 $ 7,451,054 $ 5,841,534 $ 4,425,663 $ $ 2,221,382 2,281,540 $ 2,148,249 $ 2,162,365 $ 2,183,555 $ 2,292,759 $ 2,304,751 $ 302.23% 284.88% 267.10% 333.74% 341.24% 254.78% 192.02%

79.91% 75.26% 75.26% 73.31% 74.06% 78.40% 79.82%
$ 1,099,324 1,225,309 $ 979,451 $ 893,335 $ 757,183 $ 720,130 $ 585,498 $ 89

City of La Palma
Schedule of Pension Contributions - Miscellaneous Cost Sharing Plan CalPERS Miscellaneous Pension Plan
Last Ten Years
Fiscal Year Ended June 30, 2024
Fiscal Year Ended 06/30/24 06/30/23 06/30/22
Contractually Required Contribution (Actuarially Determined) 856,780 $ 879,705 $ 795,766 $ Contributions in Relation to the Actuarially Required Contributions (856,780) (879,705) (795,766) Contribution Deficiency (Excess) - $ - $ - $
Covered Payroll 2,770,224 $ 2,382,233 $ 2,216,206 $
Contributions as a Percentage of Covered Payroll 30.93% 36.93% 35.91% Notes to Schedule:

Methods and Assumptions Used to Determine Contribution Rates Actuarial Cost Method Entry age for all periods.

Amortization Cost Method Level percentage of payroll, closed for all periods.

Asset Valuation Method Market Value for all periods except 6/30/15. 15 year Smooth Market Method for 6/30/15.

Inflation 2.75% for 6/30/15, 6/30/16, 6/30/17, 6/30/18, and 6/30/19.

2.625% for 6/30/20.

2.50% for 6/30/21 and 6/30/22. 2.30% for 6/30/23.

Salary Increases Depending on age, service, and type of employment.

Investment Rate of Return Net of pension plan expense, including inflation.

7.50% for 6/30/15, 6/30/16, 6/30/17, 6/30/18.

7.375% for 6/30/19.

7.25% for 6/30/20.

7.00% for 6/30/21 and 6/30/22. 6.90% for 6/30/23.

Retirement Age 50 for all plans with the exception of 52 for the Miscellaneous PEPRA 2%@62.

Mortality Mortality assumptions are based on mortality rates from the most recent CalPERS Experience Study adopted by
the CalPERS Board.
90

06/30/21 06/30/20 06/30/19 06/30/18 06/30/17 06/30/16 06/30/15 $ 759,329 701,327$ 641,146$ $ 574,297 $ 550,045 507,201$ 366,951$ (759,329) (701,327) (641,146) (1,824,297) (1,800,045) (507,201) (366,951) $ - $ - $ (1,250,000) - $ $ (1,250,000) $ - $ -
$ 2,345,721 $ 2,281,540 2,221,382$ $ 2,148,249 $ 2,162,365 $ 2,183,555 2,292,759$

32.37% 30.74% 28.86% 26.73% 25.44% 23.23% 16.00%
91

City of La Palma
Schedule of The Proportionate Share of The Net Pension Liability CalPERS Safety Pension Plan
Last Ten Years
Fiscal Year Ended June 30, 2024
Fiscal Year Ended 06/30/24 06/30/23 06/30/22
Measurement Period 06/30/23 06/30/22 06/30/21
Plan's Proportion of the Net Pension Liability 0.19629% 0.19958% 0.18400% Plan's Proportion Share of the Net Pension Liability 14,672,747 $ 13,714,413 $ 6,453,300 $ Plan's Covered Payroll 2,249,142 $ 2,067,409 $ 1,963,800 $ Plan's Proportionate Share of the Net Pension Liability as a Percentage of its Covered Payroll 652.37% 663.36% 328.61% Plan's Proportionate Share of the Fiduciary Net Position as a Percentage of the Plan's Total Pension Liability 72.22% 75.53% 86.61% Plan's Proportionate Share of Aggregate Employer Contributions 1,519,759 $ 2,532,686 $ 2,249,142 $ Notes to Schedule:

Benefit Changes:

There were no changes in benefits
Changes in Assumptions:

From fiscal year June 30, 2015 to June 30, 2016:

GASB 68, paragraph 68 states that the long-term expected rate of return should be determined net of pension plan investment expense but without reduction for pension plan administrative expense. The discount rate of 7.50% used for the June 30, 2014 measurement date was net of administrative expenses. The discount rate of 7.65% used for the June 30, 2015 measurement is without reduction of pension plan administrative expenses.

From fiscal year June 30, 2016 to June 30, 2017:

There were no changes in assumptions.

From fiscal year June 30, 2017 to June 30, 2018:

The discount rate was reduced from 7.65% to 7.15%
From fiscal year June 30, 2018 to June 30 2019:

Demographic assumptions and inflation rate were changed in accordance with the CalPERS Experience Study and Review Actuarial Assumptions December 2017. There were no changes in discount rate.

From fiscal years from June 30, 2019 to June 30, 2022:

There were no changes in assumptions
From fiscal year July 1, 2022 to June 30, 2023:

The discount rate was reduced to 6.90%.
92

06/30/21 06/30/20 06/30/19 06/30/18 06/30/17 06/30/16 06/30/15 06/30/20 06/30/19 06/30/18 06/30/17 06/30/16 06/30/15 06/30/14

0.17578% 0.17022% 0.16634% 0.18284% 0.20779% 0.20261% 0.19678% $ 10,625,925 11,711,246 $ 9,760,274 $ 10,924,835 $ 10,761,879 $ 8,348,587 $ 7,058,038 $ $ 1,948,016 1,981,915 $ 1,654,829 $ 1,619,369 $ 1,781,319 $ 1,950,732 $ 2,134,713 $ 590.91% 545.47% 589.81% 674.64% 604.15% 427.97% 330.63%

79.91% 75.26% 75.26% 73.31% 74.06% 78.40% 79.82%
$ 1,551,061 1,841,971 $ 1,462,571 $ 1,102,394 $ 1,009,040 $ 820,164 $ 875,565 $ 93

City of La Palma
Schedule of Pension Contributions - CalPERS Safety Cost Sharing Plan Last Ten Years
Fiscal Year Ended June 30, 2024
Fiscal Year Ended 06/30/24 06/30/23 06/30/22
Contractually Required Contribution (Actuarially Determined) $ 1,367,156 1,359,125 $ 1,258,279 $ Contributions in Relation to the Actuarially Determined Contributions (1,359,125) (1,367,156) (1,258,279) Contribution Deficiency (Excess) $ - $ - $ -
Covered Payroll $ 2,249,142 2,412,455 $ 2,067,409 $
Contributions as a Percentage of Covered Payroll 56.34% 60.79% 60.86% Notes to Schedule:

Methods and Assumptions Used to Determine Contribution Rates Actuarial Cost Method Entry age for all periods.

Amortization Cost Method Level percentage of payroll, closed for all periods.

Asset Valuation Method Market Value for all periods except 6/30/15. 15 year Smooth Market Method for 6/30/15.

Inflation 2.75% for 6/30/15, 6/30/16, 6/30/17, 6/30/18, and 6/30/19.

2.625% 6/30/20.

2.50% for 6/30/21 and 6/30/22.

Salary Increases Depending on age, service, and type of employment.

Investment Rate of Return Net of pension plan expense, including inflation.

7.50% for 6/30/15, 6/30/16, 6/30/17, 6/30/18.

7.375% for 6/30/19.

7.25% for 6/30/20.

7.00% for 6/30/21 and 6/30/22. 6.90% for 6/30/23.

Retirement Age 50 for all plans with the exception of 52 for the Miscellaneous PEPRA 2%@62.

Mortality Mortality assumptions are based on mortality rates from the most recent CalPERS Experience Study adopted by the
CalPERS Board.
94

06/30/21 06/30/20 06/30/19 06/30/18 06/30/17 06/30/16 06/30/15 $ 1,048,306 1,136,669 $ $ 765,691 910,074 $ $ 689,310 $ 685,402 $ 589,871 (1,136,669) (1,048,306) (910,074) (2,015,691) (1,939,310) (685,402) (589,871) $ - $ - $ - $ (1,250,000) $ (1,250,000) $ - $ -
$ 1,963,800 $ 1,981,915 $ 1,948,016 $ 1,654,829 $ 1,619,369 $ 1,781,319 $ 1,950,732

57.88% 52.89% 46.72% 46.27% 42.57% 38.48% 30.24%
95

City of La Palma
Schedule of Changes in The Net OPEB Liability and Related Ratios Last Ten Years*
Fiscal Year Ended June 30, 2024
Fiscal Year Ended 06/30/24 06/30/23 06/30/22 06/30/21
Measurement Period 06/30/23 06/30/22 06/30/21 06/30/20
Total OPEB Liability:

Service Cost 78,560$ 76,457$ 84,095$ 81,646$
Interest on Total OPEB Liability 176,149 172,385 194,165 189,360 Changes in Assumptions (7,553) - 59,504 -
Differences Between Expected and Actual Experience (417,048) - (249,704) - Benefit Payments, including refunds and the Implied
Subsidy Benefit Payments (182,795) (198,624) (198,974) (205,562) Net Change in Total OPEB Liability (352,687) 50,218 (110,914) 65,444 Total OPEB Liability - Beginning of Fiscal Year 2,831,221 2,781,003 2,891,917 2,826,473 Total OPEB Liability - End of Fiscal Year (a) 2,478,534 2,831,221 2,781,003 2,891,917 Plan Fiduciary Net Position:

Contributions - Employer 333,679 507,627 199,781 353,815 Net Investment Income 184,296 (411,687) 631,885 74,889
Administrative Expenses (1,713) (1,530) (1,677) (1,859) Benefit Payments,
Including Refunds and the Implied Subsidy Benefit
Payments (182,795) (198,624) (198,974) (205,562)
Net Change in Plan Fiduciary Net Position 333,467 (104,214) 631,015 221,283 Plan Fiduciary Net Position - Beginning of Fiscal Year 2,825,187 2,929,401 2,298,386 2,077,103 Plan Fiduciary Net Position - End of Fiscal Year (b) 3,158,654 2,825,187 2,929,401 2,298,386 Net OPEB Liability (Asset) - Ending (a) - (b) $ (680,120) $ (148,398) 6,034 $ $ 593,531 * Fiscal year 2018 was the first year of implementation; therefore, only seven years are shown. 96

City of La Palma
Schedule of Changes in The Net OPEB Liability and Related Ratios Last Ten Years*
Fiscal Year Ended June 30, 2024
Fiscal Year Ended 06/30/20 06/30/19 06/30/18
Measurement Period 06/30/19 06/30/18 06/30/17
Total OPEB Liability:

Service Cost 78,046$ 75,773$ 74,000$
Interest on Total OPEB Liability 183,773 180,149 177,000 Changes in Assumptions (10,449) - -
Differences Between Expected and Actual Experience 31,179 - - Benefit Payments, including refunds and the Implied
Subsidy Benefit Payments (201,169) (207,829) (198,000)
Net Change in Total OPEB Liability 81,380 48,093 53,000 Total OPEB Liability - Beginning of Fiscal Year 2,745,093 2,697,000 2,644,000 Total OPEB Liability - End of Fiscal Year (a) 2,826,473 2,745,093 2,697,000 Plan Fiduciary Net Position:

Contributions - Employer 374,824 376,687 150,000
Net Investment Income 110,954 120,339 149,000
Administrative Expenses (2,040) (4,663) (2,000)
Benefit Payments,
Including Refunds and the Implied Subsidy Benefit
Payments (201,169) (207,829) (198,000)
Net Change in Plan Fiduciary Net Position 282,569 284,534 99,000 Plan Fiduciary Net Position - Beginning of Fiscal Year 1,794,534 1,510,000 1,411,000 Plan Fiduciary Net Position - End of Fiscal Year (b) 2,077,103 1,794,534 1,510,000 Net OPEB Liability (Asset) - Ending (a) - (b) 749,370$ 950,559$ $ 1,187,000 97

City of La Palma
Schedule of Changes in The Net OPEB Liability and Related Ratios Last Ten Years*
Fiscal Year Ended June 30, 2024
Fiscal Year Ended 06/30/24 06/30/23 06/30/22 06/30/21
Measurement Period 06/30/23 06/30/22 06/30/21 06/30/20
Plan Fiduciary Net Position as a Percentage of the
Total OPEB Liability 127.44% 99.79% 105.34% 79.48%
Covered - Employee Payroll $ 4,559,070 4,283,615$ 5,215,770$ 4,823,377$ Net OPEB Liability as a Percentage of CoveredEmployee Payroll -14.92% 0.14% -2.85% 12.31% Notes to Schedule:

Benefit Changes:

There were no changes in benefits.

Changes in Assumptions:

There were no changes in assumptions for measurement periods ended June 30, 2017, 2018, and 2020. For measurement period ended June 30, 2019: Demographic assumptions updated, PEMCHA waived retiree re-election change, and mortality improvement scale updated. * Fiscal year 2018 was the first year of implementation; therefore, only seven years are shown. 98