Agenda packet — Los Alamitos City Council, March 24, 2025 (part 1 of 3)

CITY OF LOS ALAMITOS
Council Chamber
3191 Katella Ave., Los Alamitos CA 90720

CITY COUNCIL AGENDA

ADJOURNED REGULAR MEETING
Monday, March 24, 2025 – 5:30 PM
NOTICE TO THE PUBLIC – This Agenda contains a brief general description of each item to be considered. Except as provided by law, action or discussion shall not be taken on any item not appearing on the agenda. Supporting documents, including staff reports, are available for review at City Hall in the City Clerk’s Office or on the City’s website at www.cityoflosalamitos.org once the agenda has been publicly posted.

Each matter on the agenda, no matter how described, shall be deemed to include any appropriate motion, whether to adopt a minute motion, resolution, payment of any bill, approval of any matter or action, or any other action. Items listed as “for information” or “for discussion” may also be the subject of an “action” taken by the City Council at the same meeting.

Agenda-related documents provided to a majority of the City Council after distribution of the City Council agenda packet (GC §54957.5) will be made available for public inspection at the meeting. Such documents will also be available at the City Clerk's office, 3191 Katella Ave., Los Alamitos, CA 90720.

In compliance with the Americans with Disabilities Act, Assistive Listening headphones are available and can be checked out from the City Clerk. If you need special assistance to participate in this meeting, please contact the City Clerk at (562) 431-3538, ext. 220. Notification at least 42 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting. [28 CFR 35.102.35.104 ADA Title II]. Language translation services are available for this meeting by calling the City Clerk’s Office least 42 hours in advance If you are unable to attend this meeting in person, you may submit comments on any agenda item or on any item not on the agenda by email to [email protected] with the subject line “COUNCIL PUBLIC COMMENT”. Comments received by 3:00 p.m. they day of the meeting will be compiled, provided to the City Council, and made available to the public before the start of the meeting. Staff will not read email comments at the meeting. You may also view the meeting live on local cable channel 3.

If, as an attendee, or a participant at this meeting, you will need special assistance beyond what is normally provided, please contact the City Clerk’s Office at (562) 431-3538, extension 220, 48 hours prior to the meeting so that reasonable arrangements may be made.

1. CALL TO ORDER

2. ROLL CALL
Mayor Hasselbrink
Mayor Pro Tem Doby
Council Member Hibard
Council Member Loe
Council Member Nefulda

3. PLEDGE OF ALLEGIANCE
Council Member Hibard will lead the Pledge of Allegiance.

4. INVOCATION
Council Member Loe will give the Invocation.

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5. CLOSED SESSION

A. Conference with Legal Counsel - Anticipated Litigation (Administration) Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Government Code section 54956.9: (One potential case).

6. PRESENTATIONS

A. Presentation of Certificates to the Los Alamitos Football Club – 7th Grade Team

B. Presentation by Jenna Holcomb of Shining Light Social Media Regarding Discover Los Al

7. ORAL COMMUNICATIONS
At this time, any individual in the audience may come forward to speak on any item within the subject matter jurisdiction of the City Council. Remarks are to be limited to not more than five minutes per speaker.

8. UPDATES FROM THE MAYOR
At this time, the Mayor may report on items not specifically described on the Agenda that are of interest to the community, provided no action or discussion is taken.

9. UPDATES FROM THE CITY STAFF
At this time, City Staff may also report on items not specifically described on the Agenda that are of interest to the community, provided no action or discussion is taken except.

10. WARRANTS

A. Warrants (Finance)
The attached Warrant Register contains checks and electronic funds transfers for the period from February 1, 2025, to February 28, 2025.

Recommendation:

Ratify the Warrants from February 1, 2025, to February 28, 2025, for $2,189,700.39.

Roll Call
Mayor Hasselbrink
Mayor Pro Tem Doby
Council Member Hibard
Council Member Loe
Council Member Nefulda

11. CONSENT CALENDAR
All Consent Calendar items may be acted upon by one motion unless a Council Member

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requests separate action on a specific item.

A. Approval of Minutes (Administration)
Approve the City Council Regular Minutes of February 18, 2025.

B. Annual Comprehensive Financial Report for June 30, 2024 (Finance) The fiscal year 2023-24 audit reports are presented for the Council's receipt and consideration.

Recommendation:

Receive and file the fiscal year 2023-24 audit reports.

C. Award Professional Services Agreement with Rogers, Anderson, Malody, & Scott, LLP for Auditing Services (Finance)
This report seeks consideration of a Professional Services Agreement with Rogers, Anderson, Malody & Scott (RAMS) for auditing services in the amount of $61,860.

Recommendation:

Authorize the Mayor to enter into a Professional Services Agreement (PSA) with Rogers, Anderson, Malody & Scott, LLP, (RAMS) in an amount not to exceed $61,860 for auditing services for a three-year contract for FY2024-25, 2025-26, and FY2026-27.

D. Resolution No. 2025-09 - 2025 Legislative Platform (Recreation) The City of Los Alamitos' 2025 Legislative Platform provides program procedures for the City to effectively participate in the legislative process.

Recommendation:

Adopt Resolution No. 2025-09, entitled, “A RESOLUTION OF THE CITY COUNCIL

OF THE CITY OF LOS ALAMITOS, CALIFORNIA, APPROVING THE CITY OF LOS ALAMITOS 2025 LEGISLATIVE PLATFORM."

E. Request for Additional Appropriation of Funds for Labourdette Park Project (CIP 24/25-02) (Development Services)
This item requests authorization to appropriate additional funds in the amount of $650,000 for the Labourdette Park Project (CIP 24/25-02).

Recommendation:

Appropriate an additional $650,000 to the Labourdette Park Project (CIP 24/25-02) from the General Fund, which will result in a project total of $1,350,000.

F. Resolution No. 2025-07 - Caltrans Local Assistance Procedures Manual (Development Services)
This item recommends adopting Caltrans Local Assistance Procedures Manual (LAPM) Chapter 10 Consultant Selection - Section 10.1: Federally Funded Architectural and Engineering (A&E) Contracts.

Recommendation:

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Adopt Resolution No. 2025-07, entitled, "A RESOLUTION OF THE CITY COUNCIL

OF THE CITY OF LOS ALAMITOS, CALIFORNIA, ADOPTING CALTRANS LOCAL ASSISTANCE PROCEDURES MANUAL CHAPTER 10: CONSULTANT
SELECTION."

G. Resolution No. 2025-08 - Standard Specifications and Engineering Standards for Construction (Development Services)
This item recommends adopting the 2024 Standard Specifications for Public Works Construction, commonly known as the "Green Book," as the City's Public Works construction standards.

Recommendation:

Approve Resolution No. 2025-08, entitled, "A RESOLUTION OF THE CITY

COUNCIL OF LOS ALAMITOS, CALIFORNIA APPROVING STANDARD
SPECIFICATIONS AND ENGINEERING STANDARDS FOR CONSTRUCTION."

H. Orange County Transit Authority Project V Extension (Development Services)
The City of Los Alamitos is requesting an extension for the Orange County Transit Authority (OCTA) Project V - Community-Based Transit Circulator Program Project.

Recommendation:

Authorize the City Manager to sign and submit a letter to the Orange County Transit Authority (OCTA) requesting an extension in the Project V - Community-Based Transit Circulator Project.

12. DISCUSSION ITEM

A. Resolution No. 2025-10 - Economic Development Strategic Plan (EDSP) (Development Services)
The City of Los Alamitos Economic Development Strategic Plan is a five-year (2025- 2030) plan with four core goals. Included in the plan are strategic priorities, several sub-priorities, and actions that support these goals, and they were developed through the collaboration of City Council members, city staff, and community stakeholders. A draft Economic Development Strategic Plan report is provided.

Recommendation:

1. Receive the presentation of the Los Alamitos Economic Development Strategic Plan (EDSP); and,

2. Discuss the EDSP; and,

3. Provide comments and directions regarding any needed revisions to the EDSP; or,

4. If no revisions are required, adopt Resolution No. 2025-10, entitled, "A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LOS ALAMITOS,

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CALIFORNIA, ADOPTING THE CITY OF LOS ALAMITOS ECONOMIC
DEVELOPMENT STRATEGIC PLAN DATED MARCH 24, 2025".

13. COUNCIL ANNOUNCEMENTS
At this time, Council Members may also report on items not specifically described on the Agenda that are of interest to the community, provided no action or discussion is taken except to provide Staff direction to report back or to place the item on a future Agenda.

14. ADJOURNMENT
The City Council will adjourn to Monday, April 28, 2025, at 6:00 p.m.

I hereby certify under penalty of perjury under the laws of the State of California, that the foregoing Agenda was posted at the Los Alamitos City Hall, 3191 Katella Ave. and online at www.cityoflosalamitos.org not less than 72 hours prior to the meeting.

Windmera Quintanar, MMC, City Clerk
Dated: March 20, 2025

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City of Los Alamitos

CITY COUNCIL AGENDA REPORT
MEETING DATE: March 24, 2025 ITEM NUMBER: 10A
To: Mayor Shelley Hasselbrink & Members of the City Council Presented By: Craig Koehler, Director of Finance
Subject: Warrants

SUMMARY
The attached Warrant Register contains checks and electronic funds transfers for the period from February 1, 2025, to February 28, 2025.

RECOMMENDATION
Ratify the Warrants from February 1, 2025, to February 28, 2025, for $2,189,700.39.

BACKGROUND
The expenditures noted within this Warrant Register conform to the budget approved by the City Council.

DISCUSSION
The Director of Finance certifies the accuracy of the attached register and availability of monies for payment thereof.

FISCAL IMPACT
The total of $2,189,700.39 represents checks and electronic funds transfers from February 1, 2025, to February 28, 2025.

Attachment: 1. Council Report 03.24.2025

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Pages:
1-14 $ 1,259,963.48 Warrants 02/01-28/2025
15 $ 10,561.89 Medical Retirees 02/01/2025
16 $ 261,449.40 Payroll 02/14/2025
17 $ 245,816.10 Benefits & Withholdings 02/14/2025
18 $ 272,418.73 Payroll 02/28/2025
19 $ 139,490.79 Benefits & Withholdings 02/28/2025
Grand Total $ 2,189,700.39
Statement:

I hereby certify that the claims or demands covered by the forgoing listed warrants have been audited as to accuracy and availability of funds for payment thereof.

Certified by Craig Koehler, Finance Director
this 4th day of March, 2025
The attached Warrant Register containing checks and electronic funds transfers for the period from February 1, 2025 to February 28, 2025, is being presented for ratification by the City Council. The expenditures noted within this Warrant Register conform to the budget approved by the City Council. The Director of Finance certifies to the accuracy of the attached register and to the availability of monies for payment thereof.

To Ratify

CITY OF LOS ALAMITOS
A/P Warrants
March 24, 2025

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VENDOR NAME
WARRANTS 02/2025

DESCRIPTION FUND DEPARTMENT AMOUNT
_
ADAMSON POLICE PRODUCTS PC1 & 2 VEHICLE PARTS & LA GARAGE FUND GARAGE 5,110.81 _
TOTAL: 5,110.81
ADMINSURE WORKERS COMP ADMIN 12/24 SELF INSURANCE TRU INSURANCE 531.94 _
TOTAL: 531.94
AGILE OCCUPATIONAL MEDICINE PC PRE EMPLOYMENT PHYSICAL 10 GENERAL FUND NON-DEPARTMENTAL 1,365.00 PRE-EMPLOYMENT PHYSICAL 12 GENERAL FUND NON-DEPARTMENTAL 1,185.00PRE EMPLOYMENT PHYSICAL 01 GENERAL FUND NON-DEPARTMENTAL 180.00PRE EMPLOYMENT PHYSICAL 01 GENERAL FUND NON-DEPARTMENTAL 180.00 _
TOTAL: 2,910.00
ALL AMERICAN SIGN COMPANY PW PARK MAINT SUPPLIES GENERAL FUND PARK MAINTENANCE 565.37 _
TOTAL: 565.37
ALL CITY MANAGEMENT SERVICES CROSS GUARDS 12/08-12/21 GENERAL FUND TRAFFIC 7,408.80 CROSS GUARDS 01/05-18/25 GENERAL FUND TRAFFIC 7,302.96CROSS GUARDS 01/19-02/01/ GENERAL FUND TRAFFIC 6,667.92 _
TOTAL: 21,379.68
ALLIANT INSURANCE SERVICES, INC. 2025 PROPERTY INSURANCE SELF INSURANCE TRU INSURANCE 1,996.00 _
TOTAL: 1,996.00
ANIMAL PEST MANAGEMENT SERVICES GOPHER CTRL PARKS 12/24 GENERAL FUND PARK MAINTENANCE 490.00 _
TOTAL: 490.00
ARROYO BACKGROUND INVESTIGATIO PRE EMPLOYMENT BACKGROUND GENERAL FUND NON-DEPARTMENTAL 1,500.00 _
TOTAL: 1,500.00
BARBARA BANNERMAN YOGA CLASS 01/07/25 GENERAL FUND SPECIAL CLASSES 9.75 YOGA CLASS 01/14/25 GENERAL FUND SPECIAL CLASSES 9.75
_
TOTAL: 19.50
BASE HILL INC JANITORIAL SVCS 12/24 GENERAL FUND BUILDING MAINTENANCE 5,809.99 _
TOTAL: 5,809.99
BEAR ELECTRICAL SOLUTIONS LLC TRAFFIC SIG MAINT 11/24 GENERAL FUND STREET MAINTENANCE 1,400.00 TRAFFIC SIG SVCS 11/24 GENERAL FUND STREET MAINTENANCE 5,075.00 _
TOTAL: 6,475.00
BORDIN SEMMER, LLP WILLIAM HOWARD VS CITY #7 SELF INSURANCE TRU INSURANCE 1,492.88 THOMAS PERRAULT VS CITY #1 SELF INSURANCE TRU INSURANCE 3,004.38 _
TOTAL: 4,497.26
BUENA PARK PLAQUE & TROPHY STERNS PARK NEW PLAQUE GENERAL FUND PARK MAINTENANCE 2,236.69 _
TOTAL: 2,236.69
CALIFORNIA FORENSIC PHLEBOTOMY, INC. BLOOD DRAWS 12/24 GENERAL FUND PATROL 173.46 _
TOTAL: 173.46
CANON FINANCIAL SERVICES, INC. PRINTER USAGE 12/24 GENERAL FUND RECREATION ADMINISTRAT 760.75 _
TOTAL: 760.75
CARRI FOX LINE DANCE CLASS 12/04/24 GENERAL FUND SPECIAL CLASSES 22.50 LINE DANCE CLASS 01/08/25 GENERAL FUND SPECIAL CLASSES 22.50LINE DANCE CLASS 01/15/25 GENERAL FUND SPECIAL CLASSES 45.00 1

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VENDOR NAME
WARRANTS 02/2025

DESCRIPTION FUND DEPARTMENT AMOUNT
_
_______________
TOTAL: 90.00
CHARLES ABBOTT ASSOCIATES, INC. BLDG & SAFETY CITY SOFTWA GENERAL FUND BUILDING INSPECTION 20,000.00 BLDG & SAFETY SVCS 12/24 GENERAL FUND BUILDING INSPECTION 28,118.38BLDG & SAFETY 01/25 GENERAL FUND BUILDING INSPECTION 35,669.60 _
TOTAL: 83,787.98
CHARTER COMMUNICATIONS CITY INTERNET 12/24-01/25 GENERAL FUND NON-DEPARTMENTAL 3,468.00 CITY PHONE LINES 12/24-01/ GENERAL FUND NON-DEPARTMENTAL 954.94 _
TOTAL: 4,422.94
CINTAS CORPORATION NO. 2 FIRST AID REFILL SVCS 02/2 GENERAL FUND BUILDING MAINTENANCE 2,117.43 _
TOTAL: 2,117.43
CITY CLERKS ASSOCIATION OF CALIFORNIA OUK CCAOC TRAINING GENERAL FUND COMMUNITY DEVEL ADMIN 250.00 _
TOTAL: 250.00
CITY GREEN CONSULTING LLC ED CONSULT SVCS 07-10/24 GENERAL FUND COMMUNITY DEVEL ADMIN 6,562.50 _
TOTAL: 6,562.50
CITY OF CYPRESS MOBILE COMMAND POST 06-12/ GENERAL FUND EMERGENCY PREPAREDNESS 429.42 _
TOTAL: 429.42
CITY OF TUSTIN OCHRC MEMBERSHIP 2025 GENERAL FUND ADMINISTRATION 250.00 _
TOTAL: 250.00
CLINICAL COUNSELING WITH TSELANE SOUND BATH 01/10 GENERAL FUND SPECIAL CLASSES 13.65 SOUND BATH 01/10 GENERAL FUND SPECIAL CLASSES 122.85
_
TOTAL: 136.50
COLE PRO MEDIA CORP MEDIA CONSULT SVCS 02/25 GENERAL FUND ADMINISTRATION 3,000.00 _
TOTAL: 3,000.00
COLORADO FAMILY SUPPORT REGISTRY ID# 12634200 POOL CLEARING FUND NON-DEPARTMENTAL 230.76 ID# 12634200 POOL CLEARING FUND NON-DEPARTMENTAL 230.76 _
TOTAL: 461.52
COUNTY OF ORANGE TREASURER-TAX AFIS SYSTEM 12/24 GENERAL FUND COMMUNICATIONS TECHNOL 363.00 OCATS 11/24 GENERAL FUND COMMUNICATIONS TECHNOL 1,273.33COST ALLOCATION Q3 GENERAL FUND COMMUNICATIONS TECHNOL 7,362.63 _
TOTAL: 8,998.96
DANIELS TIRE SERVICE PD 48-7 TIRE SVCS 10/24 GARAGE FUND GARAGE 493.70 PC-1 TIRE SVCS 01/30/25 GARAGE FUND GARAGE 458.22PC-2 TIRE SVCS 01/30/25 GARAGE FUND GARAGE 589.73 _
TOTAL: 1,541.65
DARSHINI AITHAL WATER COLOR 01/06-02/03/24 GENERAL FUND SPECIAL CLASSES 222.95 WATERCOLOR 01/11-02/01/24 GENERAL FUND SPECIAL CLASSES 449.15 _
TOTAL: 672.10
DATA TICKET, INC. CITATION PROCESSING 12/24 GENERAL FUND TRAFFIC 1,087.77 _
TOTAL: 1,087.77
DELL MARKETING L.P. COMPUTER SUPPLIES TECHNOLOGY REPLACE ADMINISTRATIVE SERVICE 98.65 _
TOTAL: 98.65
2

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WARRANTS 02/2025

VENDOR NAME DESCRIPTION FUND DEPARTMENT AMOUNT
_
DOOLEY ENTERPRISES, INC. AMMO PURCHASE GENERAL FUND PATROL 1,276.84 AMMO PURCHASE GENERAL FUND PATROL 1,276.84
_
TOTAL: 2,553.68
ECOFERT, INC. FERTIGATION SVCS 01/25 GENERAL FUND PARK MAINTENANCE 921.00 _
TOTAL: 921.00
ENTERPRISE FM TRUST VEHICLE LEASES 02/25 GARAGE FUND GARAGE 27,046.87 _
TOTAL: 27,046.87
EVENT NEWS ENTERPRISE ORDINANCE 202-02 02/05/25 GENERAL FUND ADMINISTRATION 270.00 ORDINANCE 2025-03 02/05/25 GENERAL FUND ADMINISTRATION 270.00ORDINANCE 2025-04 02/05/25 GENERAL FUND ADMINISTRATION 140.00ORDINANCE 2025-01 02/05/25 GENERAL FUND ADMINISTRATION 140.00CIP 24/25-07 ADVERTISING GENERAL FUND COMMUNITY DEVEL ADMIN 560.00 _
TOTAL: 1,380.00
EWING PW LANDSCAPE SUPPLIES 12/2 GENERAL FUND PARK MAINTENANCE 3,193.33 IRRIGATION REPAIR MAINT 01 GENERAL FUND PARK MAINTENANCE 313.07 _
TOTAL: 3,506.40
FACILITRON INC ADULT SPORTS FIELD RENTAL GENERAL FUND SPORTS 6,679.98 _
TOTAL: 6,679.98
FRED GUY'S AUTO BODY & PAINT FACILITY DODGE DURANGO PAINT GARAGE FUND GARAGE 5,303.79 _
TOTAL: 5,303.79
GANAHL LUMBER COMPANY WATER HEATER REPAIR SUPPLI GENERAL FUND STREET MAINTENANCE 133.18 TREE MARKING PAINT SUPPLIE GENERAL FUND STREET MAINTENANCE 19.64CHANNEL MAINT SUPPLIES 01/ GENERAL FUND STREET MAINTENANCE 29.44PAINT SUPPLIES GENERAL FUND STREET MAINTENANCE 80.79CHANNEL MAINT SUPPLIES GENERAL FUND STREET MAINTENANCE 332.74STREET SIGNS MAINT SUPPLIE GENERAL FUND STREET MAINTENANCE 40.91PADLOCK MAINT 01/08/25 GENERAL FUND PARK MAINTENANCE 29.46CABLE CLAMP SUPPLIES GENERAL FUND BUILDING MAINTENANCE 13.69CH1 MAINT SUPPLIES 12/21/2 GENERAL FUND BUILDING MAINTENANCE 177.21PACKING SUPPLIES 01/07/25 GENERAL FUND BUILDING MAINTENANCE 93.93 _
TOTAL: 950.99
GEORGE HILLS COMPANY, INC. LIABILITY SVC FEE 01/25 SELF INSURANCE TRU INSURANCE 1,458.33 _
TOTAL: 1,458.33
GM FINANCIAL CM VEHICLE LEASE PYMT 12 GARAGE FUND GARAGE 1,858.68 _
TOTAL: 1,858.68
GOLDEN STATE WATER COMPANY WATER BILL 12/24-01/25 GENERAL FUND STREET MAINTENANCE 8,427.59 WATER BILL 12/24-01/25 GENERAL FUND PARK MAINTENANCE 6,689.16WATER BILL 12/24-01/25 GENERAL FUND BUILDING MAINTENANCE 674.46 _
TOTAL: 15,791.21
GRANITE CONSTRUCTION COMPANY POT HOLE REPAIR SUPPLIES GENERAL FUND STREET MAINTENANCE 1,767.67 _
TOTAL: 1,767.67
GRIFFIN STRUCTURES INC PRGM MGMT SVCS 11/24 GENERAL FUND CAPITAL PROJECTS 5,050.00 PRGM MGMT SVCS 12/24 GENERAL FUND CAPITAL PROJECTS 5,050.00 _
TOTAL: 10,100.00
3

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WARRANTS 02/2025

VENDOR NAME DESCRIPTION FUND DEPARTMENT AMOUNT
_
HARRIS STEEL FENCE CO INC RFP 2024-02 RETENTION GENERAL FUND NON-DEPARTMENTAL 4,659.00 _
TOTAL: 4,659.00
HI-WAY SAFETY, INC. BIKE PATH SIGN MAINT GENERAL FUND STREET MAINTENANCE 85.44 _
TOTAL: 85.44
HINDERLITER, DE LLAMAS & ASSOCIATES TRANS TAX SVCS Q2 GENERAL FUND FINANCE 600.00 _
TOTAL: 600.00
HIRSCH & ASSOCIATES, INC. CC POOL DESIGN STUDY GENERAL FUND COMMUNITY DEVEL ADMIN 6,848.00 CC POOL DESIGN STUDY GENERAL FUND COMMUNITY DEVEL ADMIN 14,652.00LABOURDETTE DESIGN SVCS GENERAL FUND CAPITAL PROJECTS 6,015.00CIP 24/25-08 PB#3 SOROPTI GENERAL FUND CAPITAL PROJECTS 14,053.00CIP 24/25-08 SOROPTIMIST GENERAL FUND CAPITAL PROJECTS 16,682.50 _
TOTAL: 58,250.50
HOMECOURT EDGE BASKETBALL LLC HCE DROP IN 12/03/24 GENERAL FUND SPECIAL CLASSES 96.00 HCE DROP IN 12/08/24 GENERAL FUND SPECIAL CLASSES 176.00HCE DROP IN 12/05/24 GENERAL FUND SPECIAL CLASSES 64.00HCE DROP IN 12/10/24 GENERAL FUND SPECIAL CLASSES 96.00HCE DROP IN 12/15/24 GENERAL FUND SPECIAL CLASSES 64.00HCE DROP IN 12/13/24 GENERAL FUND SPECIAL CLASSES 48.00HCE DROP IN 01/07/25 GENERAL FUND SPECIAL CLASSES 48.00HCE DROP IN 01/14/25 GENERAL FUND SPECIAL CLASSES 80.00HCE TRAVEL 11/05-12/12/24 GENERAL FUND SPECIAL CLASSES 1,144.00HCE SHOOTING STARS 01/09-0 GENERAL FUND SPECIAL CLASSES 244.00HCE BALL HANDLE 01/07-01/2 GENERAL FUND SPECIAL CLASSES 328.00HCE TRIPLE 01/05-01/30/25 GENERAL FUND SPECIAL CLASSES 184.00HCE TRAVEL 01/07-01/30 GENERAL FUND SPECIAL CLASSES 164.00HCE TRAVEL 01/07-01/30/25 GENERAL FUND SPECIAL CLASSES 980.00HCE SHOOT & HANDLE 01/07-0 GENERAL FUND SPECIAL CLASSES 524.00HCE TOTAL ATTACK 01/05-01/ GENERAL FUND SPECIAL CLASSES 136.00 _
TOTAL: 4,376.00
IBE DIGITAL PRINTER PLOTTER SUPPLIES GENERAL FUND COMMUNITY DEVEL ADMIN 1,385.28 _
TOTAL: 1,385.28
IRVING MONTENEGRO JR. FA24 TUITION REIMBURSEMENT GENERAL FUND COMMUNITY DEVEL ADMIN 2,208.00 _
TOTAL: 2,208.00
JHM SUPPLY INC IRRIGATION MAINT 01/14/25 GENERAL FUND PARK MAINTENANCE 796.30 _
TOTAL: 796.30
KIDZ TALENT ACADEMY KIDDIE GYM 01/08-01/29 GENERAL FUND SPECIAL CLASSES 594.10 GYMNASTICS 01/08-01/29/25 GENERAL FUND SPECIAL CLASSES 150.15 _
TOTAL: 744.25
KONICA MINOLTA PD COPIER LEASE 01/25-02/2 GENERAL FUND POLICE ADMINISTRATION 460.62 _
TOTAL: 460.62
KONICA MINOLTA BUSINESS SOLUTIONS U.S. PD COPIER MAINT 01/25 GENERAL FUND POLICE ADMINISTRATION 249.99 _
TOTAL: 249.99
KONICA MINOLTA PREMIER FINANCE COPIER LEASE 02/20-03/19/2 GENERAL FUND NON-DEPARTMENTAL 1,048.46 _
TOTAL: 1,048.46
4

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WARRANTS 02/2025

VENDOR NAME DESCRIPTION FUND DEPARTMENT AMOUNT
_
KYA SERVICES LLC CIP# 23/24-06 ROOF REPAIR GENERAL FUND NON-DEPARTMENTAL 6,985.65- CIP# 23/24-06 ROOF REPAIR FACILITY CAPITAL E CAPITAL PROJECTS 139,713.58 _
TOTAL: 132,727.93
LA HERRADURA MOBIL DETAIL PD CAR WASHES 01/13/25 GARAGE FUND GARAGE 495.00 PW CAR WASHES 01/13/25 GARAGE FUND GARAGE 180.00REC CAR WASHES 01/13/25 GARAGE FUND GARAGE 90.00PD CAR WASHES 01/21/25 GARAGE FUND GARAGE 735.00PD CAR WASHES 01/27/25 GARAGE FUND GARAGE 270.00PW CAR WASHES 01/27/25 GARAGE FUND GARAGE 195.00REC CAR WASHES 01/27/25 GARAGE FUND GARAGE 135.00PD CAR WASHES 01/03/25 GARAGE FUND GARAGE 695.00 _
TOTAL: 2,795.00
LANCE, SOLL & LUNGHARD LLP 2023 NONPROFIT TAX RETURN GENERAL FUND FINANCE 1,600.00 _
TOTAL: 1,600.00
LIEBERT CASSIDY WHITMORE GENERAL SVCS 12/24 GENERAL FUND CITY ATTORNEY 1,276.00 INVESTIGATION SVCS 12/24 GENERAL FUND CITY ATTORNEY 9,870.00 _
TOTAL: 11,146.00
LONG BEACH SOCCER REFEREE ASSOCIATION ADULT SOCCER REFEREE FEES GENERAL FUND SPORTS 734.00 _
TOTAL: 734.00
LOS ALAMITOS AREA CHAMBER OF COMMERCE ACOSTA 01/25 CHAMBER BREAK GENERAL FUND POLICE ADMINISTRATION 30.00 _
TOTAL: 30.00
LOS ALTOS TROPHY LOE NAME PLATE 01/20/25 GENERAL FUND ADMINISTRATION 21.41 HASSELBRINK NAME BADGE 01/ GENERAL FUND ADMINISTRATION 11.80COUNCIL NAMEPLATES 01/22/2 GENERAL FUND POLICE ADMINISTRATION 60.80COUNCIL NAME PLATES 01/20/ GENERAL FUND RECREATION ADMINISTRAT 78.81NAME PLATE HOLDERS 01/20/2 GENERAL FUND RECREATION ADMINISTRAT 63.11 _
TOTAL: 235.93
LOWE'S COUNCIL CHAMBERS SUPPLIES GENERAL FUND COMMUNITY DEVEL ADMIN 104.52 _
TOTAL: 104.52
MAC'S LIFT GATE, INC PORTABLE STAGE LIFT GENERAL FUND ECONOMIC DEVELOPMENT 17,122.99 _
TOTAL: 17,122.99
METROPOLITAN WATER DISTRICT OF SO CAL STANSBURY PARK LEASE 03/25 GENERAL FUND PARK MAINTENANCE 1,136.42 _
TOTAL: 1,136.42
MIKE RAAHAUGES SHOOTING ENTERPRISES PISTOLE RANGE 12/19/24 GENERAL FUND PATROL 50.00 _
TOTAL: 50.00
MISC. VENDOR CAROL HANAKI CAROL HANAKI:REFUND GENERAL FUND NON-DEPARTMENTAL 76.00 SEYMOUR HELLIGAR SEYMOUR HELLIGAR:REFUND GENERAL FUND NON-DEPARTMENTAL 600.00NICOLE MARTINI NICOLE MARTINI:REFUND GENERAL FUND NON-DEPARTMENTAL 54.00WYNDY NICHOLS WYNDY NICHOLS:REFUND GENERAL FUND NON-DEPARTMENTAL 39.00ERIKA CANELA ERIKA CANELA:REFUND GENERAL FUND NON-DEPARTMENTAL 210.00CAROL HANAKI CAROL HANAKI:REFUND GENERAL FUND NON-DEPARTMENTAL 54.00CAROL HANAKI CAROL HANAKI:REFUND GENERAL FUND NON-DEPARTMENTAL 75.00 5

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WARRANTS 02/2025

VENDOR NAME DESCRIPTION FUND DEPARTMENT AMOUNT
_
CAROL HANAKI CAROL HANAKI:REFUND GENERAL FUND NON-DEPARTMENTAL 65.00SUZANNE HELEGLAND SUZANNE HELEGLAND:REFUND GENERAL FUND NON-DEPARTMENTAL 637.00CLAIRE GONZALES CLAIRE GONZALES:REFUND GENERAL FUND NON-DEPARTMENTAL 51.00GRACE COMMUNITY CHURCH GRACE COMMUNITY CHURCH:REF GENERAL FUND NON-DEPARTMENTAL 150.00VERONICA WILSON VERONICA WILSON:TRAVEL REI GENERAL FUND POLICE ADMINISTRATION 16.35JAIMIE GUTIERREZ JAIMIE GUTIERREZ:TUITION R GENERAL FUND COMMUNITY DEVEL ADMIN 300.00 _
TOTAL: 2,327.35
MOLLY H. KNOX BAL & FIT 11/24 GENERAL FUND SPECIAL CLASSES 210.00 BAL & FIT 12/24 GENERAL FUND SPECIAL CLASSES 140.00BAL & FIT 01/07-01/28/25 GENERAL FUND SPECIAL CLASSES 210.00 _
TOTAL: 560.00
MV CHENG ASSOCIATES, INC. CLERK ASST SVCS 01/25 GENERAL FUND FINANCE 2,896.25 OFFICE CLERK SVCS 12/24 GENERAL FUND FINANCE 525.00
_
TOTAL: 3,421.25
NEWPORT EXTERMINATING PEST/RODENT CTRL SVCS GENERAL FUND BUILDING MAINTENANCE 270.00 CC2 BAIT STATIONS 12/31/2 GENERAL FUND BUILDING MAINTENANCE 75.00BEE REMOVAL SVCS 12/06/24 GENERAL FUND BUILDING MAINTENANCE 175.00PEST CTRL SVCS 01/28/25 GENERAL FUND BUILDING MAINTENANCE 270.00PEST CTRL SVCS 01/28/25 GENERAL FUND BUILDING MAINTENANCE 75.00 _
TOTAL: 865.00
NORM'S AUTO COLLISION CENTER, INC. PD 48-2 VEHICLE SVCS 12/24 GARAGE FUND GARAGE 1,562.16 _
TOTAL: 1,562.16
NORM'S AUTOMOTIVE CENTER, INC. PW-2 VEHICLE SVCS GARAGE FUND GARAGE 168.88 PW-4 VEHICLE SVCS GARAGE FUND GARAGE 49.50PW-8 VEHICLE SVCS GARAGE FUND GARAGE 129.95PW-2 SMOG CHECK GARAGE FUND GARAGE 54.95PW-1 VEHICLE SVCS GARAGE FUND GARAGE 54.95PD 48-3 PD VEHICLE SVCS GARAGE FUND GARAGE 54.95PD 48-4 VEHICLE SVCS 02/25 GARAGE FUND GARAGE 653.29 _
TOTAL: 1,166.47
OUTDOOR SHADE CONCEPTS PD VEHICLE CANOPY #3 GENERAL FUND CAPITAL PROJECTS 28,572.00 _
TOTAL: 28,572.00
PAPER RECYCLING SPECIALISTS SHREDDING SVCS 02/05/25 GENERAL FUND NON-DEPARTMENTAL 117.00 _
TOTAL: 117.00
PAUL BUTLER PRESENTATIONS LLC LEADERSHIP TRAINING 01/25 GENERAL FUND POLICE ADMINISTRATION 10,000.00 TRAVEL REIMBURSEMENT GENERAL FUND POLICE ADMINISTRATION 1,214.77 _
TOTAL: 11,214.77
PENINSULA SEPTIC SERVICE, INC. PUMP SEPTIC TANK 01/03/25 GENERAL FUND PARK MAINTENANCE 600.00 PUMP SEPTIC TANK 01/16/25 GENERAL FUND PARK MAINTENANCE 600.00 _
TOTAL: 1,200.00
PERFORMA LABS INC PD VEHICLE PURSUIT COURSE GENERAL FUND PATROL 180.00 _
TOTAL: 180.00
PIRATE'S DINNER ADVENTURE DAY CAMP FIELD TRIP GENERAL FUND DAY CAMP 1,245.30 _
TOTAL: 1,245.30
6

Page 13 of 408 ends

VENDOR NAME
WARRANTS 02/2025

DESCRIPTION FUND DEPARTMENT AMOUNT
_
POWERTRIP RENTALS, LLC LIGHT TOWER PARKLET SUPPLI GENERAL FUND ECONOMIC DEVELOPMENT 740.38 LIGHT TOWER PARKLET SUPPLI GENERAL FUND ECONOMIC DEVELOPMENT 820.38LIGHT TOWER PARKLET SUPPLI GENERAL FUND ECONOMIC DEVELOPMENT 798.88 _
TOTAL: 2,359.64
PROFORMA SURF CITY PROMO COINS 2025 GENERAL FUND ADMINISTRATION 777.78 _
TOTAL: 777.78
PTS COMMUNICATIONS PAYPHONE SVCS 01/25 TECHNOLOGY REPLACE ADMINISTRATIVE SERVICE 43.00 _
TOTAL: 43.00
PUBLIC AGENCY RETIREMENT SERVICES AND PAYMENT 14 PARS TRUST GENERAL FUND NON-DEPARTMENTAL 50,000.00 _
TOTAL: 50,000.00
QUADIENT FINANCE USA, INC CITYWIDE POSTAGE REFILL GENERAL FUND NON-DEPARTMENTAL 1,315.81 _
TOTAL: 1,315.81
RCA INVESTMENTS INC PD MOTORCYCLE SVCS 02/03/2 GARAGE FUND GARAGE 419.58 _
TOTAL: 419.58
REDFLEX TRAFFIC SYSTEMS, INC. CAMERA SYSTEM 12/24 GENERAL FUND TRAFFIC 31,072.83 _
TOTAL: 31,072.83
RICH MURRIETTA FIRE PROTECTION LOS AL BLVD BACKFLOW REPAI GENERAL FUND STREET MAINTENANCE 225.00 _
TOTAL: 225.00
ROTARY CLUB OF LOS ALAMITOS/CYPRESS/SE MADERA MEALS FOR VETERANS GENERAL FUND ADMINISTRATION 100.00 _
TOTAL: 100.00
RPW SERVICES HERBICIDE TREATMENT 12/24 GENERAL FUND STREET MAINTENANCE 3,000.00 _
TOTAL: 3,000.00
SCA OF CA LLC STREET SWEEPING 12/24 GENERAL FUND STREET MAINTENANCE 9,463.99 STREET SWEEPING 01/25 GENERAL FUND STREET MAINTENANCE 9,463.99 _
TOTAL: 18,927.98
SIR SPEEDY PRINTING, SIGNS, MARKETING WEEKEND OF ART SUPPLIES GENERAL FUND NON-DEPARTMENTAL 152.76 WEEKEND OF ART SUPPLIES GENERAL FUND NON-DEPARTMENTAL 140.53GELA SUPPLIES GENERAL FUND ECONOMIC DEVELOPMENT 3,080.13CITY BANNER SUPPLIES GENERAL FUND ECONOMIC DEVELOPMENT 109.25GELA SUPPLIES GENERAL FUND ECONOMIC DEVELOPMENT 26.22 GELA SUPPLIES GENERAL FUND ECONOMIC DEVELOPMENT 27.31GELA SUPPLIES GENERAL FUND ECONOMIC DEVELOPMENT 136.56YOUTH TRACK & FIELD BANNER GENERAL FUND SPORTS 381.14 _
TOTAL: 4,053.90
SITEONE LANDSCAPE SUPPLY LABOURDETTE SOIL MAINT GENERAL FUND PARK MAINTENANCE 57.76 _
TOTAL: 57.76
SOUTHERN CALIFORNIA EDISON TRAFFIC LIGHTS 12/24-01/25 GENERAL FUND STREET MAINTENANCE 18,919.27 PARKS 12/24-01/25 GENERAL FUND PARK MAINTENANCE 168.65MCAULIFFE PARK 12/24-01/25 GENERAL FUND PARK MAINTENANCE 92.67PUMP STATIONS 12/24-01/25 GENERAL FUND BUILDING MAINTENANCE 40.05CITY HALL 12/24-01/25 GENERAL FUND BUILDING MAINTENANCE 2,280.71POLICE STATION 12/24-01/25 GENERAL FUND BUILDING MAINTENANCE 4,362.00 _
TOTAL: 25,863.35
7

Page 14 of 408 ends

VENDOR NAME
WARRANTS 02/2025

DESCRIPTION FUND DEPARTMENT AMOUNT
_
SPARKLETTS DRINKING WATER DRINKING WATER 01/25 GENERAL FUND BUILDING MAINTENANCE 509.96 _
TOTAL: 509.96
SPOT LIGHTING SUPPLIES, INC. SPOTLIGHT REPLACEMENT GENERAL FUND BUILDING MAINTENANCE 239.74 _
TOTAL: 239.74
ST. NICK'S QTRLY BANNER INSTALLATION GENERAL FUND ECONOMIC DEVELOPMENT 2,922.44 QTRLY BANNER INSTALLATION GENERAL FUND ECONOMIC DEVELOPMENT 14,256.00 _
TOTAL: 17,178.44
STANFORD SOUND AND STAGE WEEKEND OF ART STAGE & SOU GENERAL FUND NON-DEPARTMENTAL 1,997.31 _
TOTAL: 1,997.31
STATEWIDE TRAFFIC SAFETY & SIGNS, INC. SIGN REPAIR EQUIPMENT MAIN GENERAL FUND STREET MAINTENANCE 415.15 _
TOTAL: 415.15
STUDIO CREDIT LLC SUPERVISOR UNIFORM GENERAL FUND STREET MAINTENANCE 80.81 _
TOTAL: 80.81
SUNSET SIGNS AND PRINTING INC CC LOGO WALL SIGN FINAL GENERAL FUND NON-DEPARTMENTAL 728.02 _
TOTAL: 728.02
SUZANNE ROADY-ROSS TAI CHI 01/06-02/10/25 GENERAL FUND SPECIAL CLASSES 162.50 _
TOTAL: 162.50
TANYA DOBY DOBY CAL CITIES 2025 REIMB GENERAL FUND CITY COUNCIL 165.00 _
TOTAL: 165.00
THE BREW KITCHEN ALEHOUSE GELA CATERING EVENT GENERAL FUND ECONOMIC DEVELOPMENT 2,101.71 _
TOTAL: 2,101.71
THE FAMILY PLUMBER PD RESTROOM MAINT GENERAL FUND BUILDING MAINTENANCE 2,130.00 _
TOTAL: 2,130.00
THE RINKS - LAKEWOOD ICE LEARN TO SKATE 01/08-01/29 GENERAL FUND SPECIAL CLASSES 211.90 LEARN TO SKATE 01/09-01/30 GENERAL FUND SPECIAL CLASSES 218.40LEARN TO SKATE 01/11-02/01 GENERAL FUND SPECIAL CLASSES 157.30LEARN TO SKATE 01/11-02/01 GENERAL FUND SPECIAL CLASSES 208.65 _
TOTAL: 796.25
THOMSON REUTERS - WEST DETECTIVE SOFTWARE 01/25 TECHNOLOGY REPLACE ADMINISTRATIVE SERVICE 375.42 _
TOTAL: 375.42
TOWNSEND PUBLIC AFFAIRS, INC. GRANT WRITING SVCS 01/25 GENERAL FUND ADMINISTRATION 2,000.00 _
TOTAL: 2,000.00
TRACY MILLER CONSULTING, INC. CONSULT SVCS 01/25 GENERAL FUND ADMINISTRATION 5,500.00 _
TOTAL: 5,500.00
TRIPEPI, SMITH & ASSOCIATES, INC VIDEO PRODUCTION 01/25 GENERAL FUND NON-DEPARTMENTAL 1,306.00 _
TOTAL: 1,306.00
U.S. BANK ADAPTIVE PRGMS GENERAL FUND NON-DEPARTMENTAL 57.48 ADAPTIVE PRGMS GENERAL FUND NON-DEPARTMENTAL 16.30ADAPTIVE PRGM SUPPLIES GENERAL FUND NON-DEPARTMENTAL 17.72ADAPTIVE PRGM SUPPLIES GENERAL FUND NON-DEPARTMENTAL 50.34 8

Page 15 of 408 ends

WARRANTS 02/2025

VENDOR NAME DESCRIPTION FUND DEPARTMENT AMOUNT
_
ADAPTIVE PRGM SUPPLIES GENERAL FUND NON-DEPARTMENTAL 26.20DINE & DOUGH PRGM GENERAL FUND NON-DEPARTMENTAL 132.00DINE & DOUGH PRGM GENERAL FUND NON-DEPARTMENTAL 1.99DINE & DOUGH PRGM GENERAL FUND NON-DEPARTMENTAL 57.00 DINE & DOUGH PRGM GENERAL FUND NON-DEPARTMENTAL 17.96DINE & DOUGH PRGM GENERAL FUND NON-DEPARTMENTAL 91.51DINE & DOUGH PRGM GENERAL FUND NON-DEPARTMENTAL 214.39OFFICE SUPPLIES GENERAL FUND NON-DEPARTMENTAL 264.51DOBY POLICY MTG GENERAL FUND CITY COUNCIL 50.02HASSELBRINK LOCC MTG GENERAL FUND CITY COUNCIL 226.96DOBY POLICY MTG GENERAL FUND CITY COUNCIL 147.36HASSELBRINK LAEF NIGHT OUT GENERAL FUND CITY COUNCIL 125.00DOBY LAEF NIGHT OUT GENERAL FUND CITY COUNCIL 250.00HIBARD LAEF NIGHT OUT GENERAL FUND CITY COUNCIL 125.00HIBARD NEW COUNCIL EVENT GENERAL FUND CITY COUNCIL 150.00DOBY CPRS EVENT GENERAL FUND CITY COUNCIL 65.00LOE CPRS EVENT GENERAL FUND CITY COUNCIL 65.00HASSELBRINK CPRS EVENT GENERAL FUND CITY COUNCIL 65.00LAEF NIGHT OUT GENERAL FUND CITY COUNCIL 125.00LAEF NIGHT OUT GENERAL FUND CITY COUNCIL 125.00LAEF NIGHT OUT GENERAL FUND CITY COUNCIL 125.00LAEF NIGHT OUT GENERAL FUND CITY COUNCIL 125.00HIBARD CPRS EVENT GENERAL FUND CITY COUNCIL 65.00ADOBE SUBSCRIPTION 01/2025 GENERAL FUND ADMINISTRATION 61.98OC REGISTER SUBSCRIPTION GENERAL FUND ADMINISTRATION 34.00COUNCIL OC REGISTER GENERAL FUND ADMINISTRATION 26.00REFUND: OFFICE SUPPLIES GENERAL FUND ADMINISTRATION 95.66-ADMIN OFFICE SUPPLIES GENERAL FUND ADMINISTRATION 217.58EOQ NAME PLATES GENERAL FUND ADMINISTRATION 138.25ROTARY LUNCHEON GENERAL FUND ADMINISTRATION 350.00EOQ WINTER 2024 PLAQUE GENERAL FUND ADMINISTRATION 35.85LUNCH & LEARN SUPPLIES GENERAL FUND ADMINISTRATION 39.32LUNCH & LEARN SUPPLIES GENERAL FUND ADMINISTRATION 372.51EOQ WINTER 2024 PHOTO GENERAL FUND ADMINISTRATION 3.27ADMIN SUPPLIES GENERAL FUND ADMINISTRATION 47.99REFUND: SUPPLIES GENERAL FUND ADMINISTRATION 19.18-SIMMONS OCMA DINNER GENERAL FUND ADMINISTRATION 90.00OFFICE SUPPLIES GENERAL FUND ADMINISTRATION 23.14COUNCIL CHAMBER DRINKS GENERAL FUND ADMINISTRATION 27.83TRAVEL & TRAINING GENERAL FUND ADMINISTRATION 51.43TRAVEL & TRAINING OCCOG GENERAL FUND ADMINISTRATION 424.00ADMIN LAEF NIGHT OUT GENERAL FUND ADMINISTRATION 350.00OFFICE SUPPLIES GENERAL FUND FINANCE 48.27TRAINING PKG 01/09/25 GENERAL FUND FINANCE 20.00TRAINING PKG 01/10/25 GENERAL FUND FINANCE 20.00TAX FORMS GENERAL FUND FINANCE 144.78DUES & SUBSCRIPTION 01/25 GENERAL FUND FINANCE 4.00STORAGE SUBSCRIPTION GENERAL FUND FINANCE 0.99OFFICE SUPPLIES GENERAL FUND FINANCE 33.38AUTHORIZE.NET SUBSCRIPTION GENERAL FUND FINANCE 10.00OFFICE SUPPLIES GENERAL FUND FINANCE 57.36OFFICE SUPPLIES GENERAL FUND FINANCE 54.53OFFICE SUPPLIES GENERAL FUND FINANCE 31.53OFFICE SUPPLIES GENERAL FUND FINANCE 43.00OFFICE SUPPLIES GENERAL FUND FINANCE 31.06OFFICE SUPPLIES GENERAL FUND POLICE ADMINISTRATION 26.63 9

Page 16 of 408 ends

WARRANTS 02/2025

VENDOR NAME DESCRIPTION FUND DEPARTMENT AMOUNT
_
ONSTAR SUBSCRIPTION TAHOE GENERAL FUND POLICE ADMINISTRATION 15.00ONSTAR SUBSCRIPTION TAHOE GENERAL FUND POLICE ADMINISTRATION 9.99TRAINING SUPPLIES GENERAL FUND POLICE ADMINISTRATION 453.39FINGERPRINT CARDS GENERAL FUND POLICE ADMINISTRATION 180.00MONTHLY SUBSCRIPTION GENERAL FUND POLICE ADMINISTRATION 44.00KITCHEN SUPPLIES GENERAL FUND POLICE ADMINISTRATION 518.59POSTAGE SUPPLIES GENERAL FUND POLICE ADMINISTRATION 9.68TRAINING SUPPLIES GENERAL FUND POLICE ADMINISTRATION 453.39AST COURSE GENERAL FUND POLICE ADMINISTRATION 338.96KITCHEN SUPPLIES GENERAL FUND POLICE ADMINISTRATION 7.56KITCHEN SUPPLIES GENERAL FUND POLICE ADMINISTRATION 25.43 OFFICE SUPPLIES GENERAL FUND POLICE ADMINISTRATION 10.16TRAVEL & TRAINING OCCOG GENERAL FUND POLICE ADMINISTRATION 212.00PD LAEF NIGHT OUT GENERAL FUND POLICE ADMINISTRATION 525.00D KIM TRAINING GENERAL FUND PATROL 399.00REFUND SWAT SUPPLIES GENERAL FUND PATROL 116.42-ACADEMY SUPPLIES GENERAL FUND PATROL 94.94ACADEMY SUPPLIES GENERAL FUND PATROL 153.48ACADEMY SUPPLIES GENERAL FUND PATROL 158.77ACADEMY SUPPLIES GENERAL FUND PATROL 94.94-PD CAR WASHES GENERAL FUND PATROL 798.40ACADEMY SUPPLIES GENERAL FUND PATROL 72.16ACADEMY SUPPLIES GENERAL FUND PATROL 43.65ACADEMY SUPPLIES GENERAL FUND PATROL 39.50SOCIAL MEDIA SUPPLIES GENERAL FUND PATROL 41.51ACADEMY SUPPLIES GENERAL FUND PATROL 8.36STEINGHAUSER TRAINING GENERAL FUND INVESTIGATION 339.90B ROMAN TRAINING GENERAL FUND RECORDS 159.00OFFICE SUPPLIES GENERAL FUND RECORDS 35.64EVIDENCE RM SUPPLIES GENERAL FUND RECORDS 42.58CITATION SUPPLIES GENERAL FUND TRAFFIC 91.27EMERGENCY FIRST AID KITS GENERAL FUND EMERGENCY PREPAREDNESS 1,668.31CERT DRILL SUPPLIES GENERAL FUND EMERGENCY PREPAREDNESS 237.98CERT DRILL SUPPLIES GENERAL FUND EMERGENCY PREPAREDNESS 93.15OFFICE SUPPLIES GENERAL FUND EMERGENCY PREPAREDNESS 79.05K-9 FOOD GENERAL FUND K-9 Unit 102.07K-9 FOOD GENERAL FUND K-9 Unit 105.76K-9 SUPPLIES GENERAL FUND K-9 Unit 168.67K-9 SUPPLIES GENERAL FUND K-9 Unit 29.65K-9 SUPPLIES GENERAL FUND K-9 Unit 25.71K-9 FOOD GENERAL FUND K-9 Unit 102.07MEDIA SUPPLIES GENERAL FUND COMMUNITY DEVEL ADMIN 16.30MONTHLY DATA STORAGE GENERAL FUND COMMUNITY DEVEL ADMIN 9.99COMMISSION DINNER SUPPLIES GENERAL FUND COMMUNITY DEVEL ADMIN 35.70COMMISSION DINNER SUPPLIES GENERAL FUND COMMUNITY DEVEL ADMIN 84.63MARKING ROSSMOOR AD GENERAL FUND COMMUNITY DEVEL ADMIN 825.00YOUTUBE TV SUBSCRIPTION GENERAL FUND COMMUNITY DEVEL ADMIN 72.99JANUARY OFFICE SUPPLIES GENERAL FUND COMMUNITY DEVEL ADMIN 804.74RIBBON CUTTING SUPPLIES GENERAL FUND COMMUNITY DEVEL ADMIN 19.64DS CHAMBER BREAKFAST GENERAL FUND COMMUNITY DEVEL ADMIN 60.00CCAC MEMBERSHIP DUES GENERAL FUND COMMUNITY DEVEL ADMIN 250.00NITES ON PINE ADVERTISEMEN GENERAL FUND COMMUNITY DEVEL ADMIN 515.00DS OFFICE SUPPLIES GENERAL FUND COMMUNITY DEVEL ADMIN 43.69SUPPLIES ESPRESSO GENERAL FUND COMMUNITY DEVEL ADMIN 1,092.49NODA OCMA DINNER GENERAL FUND COMMUNITY DEVEL ADMIN 90.00DS OFFICE SUPPLIES GENERAL FUND COMMUNITY DEVEL ADMIN 30.91 10

Page 17 of 408 ends

WARRANTS 02/2025

VENDOR NAME DESCRIPTION FUND DEPARTMENT AMOUNT
_
DS OFFICE SUPPLIES GENERAL FUND COMMUNITY DEVEL ADMIN 67.97 DS OFFICE SUPPLIES GENERAL FUND COMMUNITY DEVEL ADMIN 13.97DS OFFICE SUPPLIES GENERAL FUND COMMUNITY DEVEL ADMIN 25.40TRAVEL & TRAINING OCCOG GENERAL FUND COMMUNITY DEVEL ADMIN 424.00DS LAEF NIGHT OUT GENERAL FUND COMMUNITY DEVEL ADMIN 175.00OCCOG CONFERENCE GENERAL FUND PLANNING 1,060.00TRAILER SUPPLIES GENERAL FUND STREET MAINTENANCE 122.81PW TRUCK CHARGERS GENERAL FUND STREET MAINTENANCE 221.66WATER FOUNTAIN SUPPLIES GENERAL FUND PARK MAINTENANCE 37.51PARK SIGNAGE GENERAL FUND PARK MAINTENANCE 305.80DOG WASTE BAGS GENERAL FUND PARK MAINTENANCE 564.35PW SUPPLIES GENERAL FUND PARK MAINTENANCE 76.37REFUND:SUPPLIES GENERAL FUND BUILDING MAINTENANCE 7.64-WINTER DAY CAMP SUPPLIES GENERAL FUND BUILDING MAINTENANCE 104.94PD POD PICK UP GENERAL FUND BUILDING MAINTENANCE 130.02GELA SUPPLIES GENERAL FUND ECONOMIC DEVELOPMENT 104.87REFUND: GELA SUPPLIES GENERAL FUND ECONOMIC DEVELOPMENT 17.52-GELA SUPPLIES GENERAL FUND ECONOMIC DEVELOPMENT 111.15GELA SUPPLIES GENERAL FUND ECONOMIC DEVELOPMENT 163.67FOOD HANDLER CERT GENERAL FUND RECREATION ADMINISTRAT 9.99FOOD HANDLER CERT GENERAL FUND RECREATION ADMINISTRAT 9.99STAFF ADMIN IN SERVICES GENERAL FUND RECREATION ADMINISTRAT 254.80STAFF ADMIN IN SERVICES GENERAL FUND RECREATION ADMINISTRAT 254.80AQUATIC TRAINING GENERAL FUND RECREATION ADMINISTRAT 515.00CANVA SUBSCRIPTION GENERAL FUND RECREATION ADMINISTRAT 35.75DIRECT TV EOC GENERAL FUND RECREATION ADMINISTRAT 65.99SPOTIFY SUBSCRIPTION GENERAL FUND RECREATION ADMINISTRAT 19.99OFFICE SUPPLIES GENERAL FUND RECREATION ADMINISTRAT 35.89NODA, E CHAMBER BREAKFAST GENERAL FUND RECREATION ADMINISTRAT 30.00OFFICE SUPPLIES GENERAL FUND RECREATION ADMINISTRAT 10.91CPRS AGENCY & NODA, E RENE GENERAL FUND RECREATION ADMINISTRAT 570.00OFFICE SUPPLIES GENERAL FUND RECREATION ADMINISTRAT 1.09OFFICE SUPPLIES GENERAL FUND RECREATION ADMINISTRAT 37.50OFFICE SUPPLIES GENERAL FUND RECREATION ADMINISTRAT 116.75OFFICE SUPPLIES GENERAL FUND RECREATION ADMINISTRAT 28.06CPRS TRAINING GENERAL FUND RECREATION ADMINISTRAT 35.00CPRS TRAINING GENERAL FUND RECREATION ADMINISTRAT 140.00OFFICE SUPPLIES GENERAL FUND RECREATION ADMINISTRAT 6.04OFFICE SUPPLIES GENERAL FUND RECREATION ADMINISTRAT 32.74DATA STORAGE SUBSCRIPTION GENERAL FUND RECREATION ADMINISTRAT 9.99GLOBAL MUSIC LICENSE FEE GENERAL FUND RECREATION ADMINISTRAT 850.00REFUND TRAVEL & TRAINING GENERAL FUND RECREATION ADMINISTRAT 268.97-REFUND TRAVEL & TRAINING GENERAL FUND RECREATION ADMINISTRAT 30.00-TRAVEL & TRAINING CONFEREN GENERAL FUND RECREATION ADMINISTRAT 30.00TRAVEL & TRAINING OCCOG GENERAL FUND RECREATION ADMINISTRAT 268.97TRAVEL & TRAINING OCCOG GENERAL FUND RECREATION ADMINISTRAT 636.00CONSTANT CONTACT SUB GENERAL FUND RECREATION ADMINISTRAT 369.55ADMIN IN SERVICE DEPOSIT GENERAL FUND RECREATION ADMINISTRAT 200.00REC LAEF NIGHT OUT GENERAL FUND RECREATION ADMINISTRAT 350.00AQUATICS SUPPLIES GENERAL FUND AQUATICS 7.63PARTY PACKAGE SUPPLIES GENERAL FUND COMMUNITY SERVICES 15.98PARTY PACKAGE SUPPLIES GENERAL FUND COMMUNITY SERVICES 29.64PARTY PACKAGE SUPPLIES GENERAL FUND COMMUNITY SERVICES 55.68PARTY PACKAGE SUPPLIES GENERAL FUND COMMUNITY SERVICES 300.00PARTY PACKAGE SUPPLIES GENERAL FUND COMMUNITY SERVICES 92.76PARTY PACKAGE SUPPLIES GENERAL FUND COMMUNITY SERVICES 44.29 11

Page 18 of 408 ends

WARRANTS 02/2025

VENDOR NAME DESCRIPTION FUND DEPARTMENT AMOUNT
_
PARTY PACKAGE SUPPLIES GENERAL FUND COMMUNITY SERVICES 255.00PRESCHOOL SUPPLIES GENERAL FUND COMMUNITY SERVICES 20.62 PRESCHOOL SUPPLIES GENERAL FUND COMMUNITY SERVICES 8.88PRESCHOOL SUPPLIES GENERAL FUND COMMUNITY SERVICES 111.36PRESCHOOL SUPPLIES GENERAL FUND DAY CAMP 38.20DAY CAMP SUPPLIES GENERAL FUND DAY CAMP 60.87DAY CAMP SUPPLIES GENERAL FUND DAY CAMP 26.93DAY CAMP SUPPLIES GENERAL FUND DAY CAMP 64.23BASKETBALL SUPPLIES GENERAL FUND SPORTS 49.29TABLE TENNIS SUPPLIES GENERAL FUND SPORTS 41.90SOCCER CHAMP SHIRTS GENERAL FUND SPORTS 452.55YOUTH BASKETBALL SUPPLIES GENERAL FUND SPORTS 35.30STAFF UNIFORMS GENERAL FUND SPORTS 1,422.30ANNUAL FEE LAUREL PARK LIG GENERAL FUND SPORTS 1,631.52CC 1 MAT SVCS 01/04/25 GENERAL FUND SPECIAL CLASSES 111.79CC 1M MAT SVCS 01/18/25 GENERAL FUND SPECIAL CLASSES 111.79PRESCHOOL SUPPLIES GENERAL FUND SPECIAL CLASSES 10.30ROTB ADVERTISEMENT GENERAL FUND SPECIAL EVENTS 250.00PD-20 CABIN SENSOR GARAGE FUND GARAGE 2,417.69POWERBI LICENSE TECHNOLOGY REPLACE ADMINISTRATIVE SERVICE 78.30PRINTER TECHNOLOGY REPLACE ADMINISTRATIVE SERVICE 204.18 _
TOTAL: 33,378.17
UNDERGROUND SERVICE ALERT OF SO CAL PW DATABASE MAINT 02/25 GENERAL FUND STREET MAINTENANCE 59.95 _
TOTAL: 59.95
UNITED HOME REMODELING INC. PW SHED FENCE REMOVAL FIN GENERAL FUND BUILDING MAINTENANCE 4,800.00 PW SHED REPLACEMENT FINAL GENERAL FUND BUILDING MAINTENANCE 4,700.00GYM ELECTRICAL WORK FINAL GENERAL FUND BUILDING MAINTENANCE 4,800.00 _
TOTAL: 14,300.00
V & V MANUFACTURING, INC. BADGE 262 REPAIR GENERAL FUND POLICE ADMINISTRATION 73.13 _
TOTAL: 73.13
VANDINE OUK WINTER 2024 TUITION REIMBU GENERAL FUND COMMUNITY DEVEL ADMIN 888.00 _
TOTAL: 888.00
VERIZON WIRELESS CITY CELLPHONES 12/24-01/2 GENERAL FUND NON-DEPARTMENTAL 3,890.34 _
TOTAL: 3,890.34
VESTIS GROUP INC PW UNIFORMS 01/13/25 GENERAL FUND STREET MAINTENANCE 89.99 PW UNIFORMS 01/27/25 GENERAL FUND STREET MAINTENANCE 92.92PW UNIFORMS 01/27/25 GENERAL FUND STREET MAINTENANCE 89.59PW UNIFORMS 02/03/25 GENERAL FUND STREET MAINTENANCE 89.59 _
TOTAL: 362.09
VOYAGER FLEET SYSTEMS, INC. FUEL 01/25 GARAGE FUND GARAGE 10,047.35 FUEL TAX CREDIT 01/25 GARAGE FUND GARAGE 385.83-
TOTAL: 9,661.52
WAXIE SANITARY SUPPLY JANITORIAL SUPPLIES 01/13/ GENERAL FUND BUILDING MAINTENANCE 2,433.64 JANITORIAL SUPPLIES 01/25 GENERAL FUND BUILDING MAINTENANCE 2,433.64 _
TOTAL: 4,867.28
WESTERN STATE BUILDERS, INC CIP 23/24-04 STERNS PARK GENERAL FUND NON-DEPARTMENTAL 11,144.15- CIP 23/24-04 STERNS #6 GENERAL FUND CAPITAL PROJECTS 222,882.96 12

Page 19 of 408 ends

WARRANTS 02/2025

VENDOR NAME DESCRIPTION FUND DEPARTMENT AMOUNT
_
_______________
TOTAL: 211,738.81
WHITTIER FERTILIZER COMPANY SEED COVER SUPPLIES GENERAL FUND PARK MAINTENANCE 76.07 CITY HALL PLANT SUPPLIES GENERAL FUND PARK MAINTENANCE 101.43GREENBELT PLANT SUPPLIES GENERAL FUND PARK MAINTENANCE 101.43 _
TOTAL: 278.93
WILLDAN ENGINEERING PW MANAGER CONSULT 10/24 GENERAL FUND CITY ENGINEER 18,150.00 PW SUPERVISOR CONSULT 10/2 GENERAL FUND CITY ENGINEER 19,800.00CITY ENGINEER 10/24 GENERAL FUND CITY ENGINEER 5,336.00CE PLAN CHECK 10/24 GENERAL FUND CITY ENGINEER 10,797.25PW MANAGER CONSULT 11/24 GENERAL FUND CITY ENGINEER 15,750.00TREE TRIM COMPLIANCE 11/24 GENERAL FUND CITY ENGINEER 217.50PW SUPERVISOR CONSULT 11/2 GENERAL FUND CITY ENGINEER 6,600.00CITY ENGINEER 11/24 GENERAL FUND CITY ENGINEER 5,448.00CE PLAN CHECK 11/24 GENERAL FUND CITY ENGINEER 5,173.50TRAFFIC ENGINEER 10/24 GENERAL FUND CITY ENGINEER 5,636.42TE PLAN CHECK 10/24 GENERAL FUND CITY ENGINEER 788.00CITYWIDE SIGN INVENTORY 10 GENERAL FUND CITY ENGINEER 92.50CITYWIDE SIGN INVENTORY 11 GENERAL FUND CITY ENGINEER 3,203.75TRAFFIC ENGINEER 11/24 GENERAL FUND CITY ENGINEER 10,772.00TE PLAN CHECK 11/24 GENERAL FUND CITY ENGINEER 492.50CIP 23/24-03 MEAS Y ST 11/ GENERAL FUND CAPITAL PROJECTS 3,281.75CIP 23/24-10 CC ROOF PROJ GENERAL FUND CAPITAL PROJECTS 1,315.00CIP 23/24-03 MEAS Y IMPROV GENERAL FUND CAPITAL PROJECTS 7,404.00CIP 23/24-03/1 MEAS Y ST 1 GENERAL FUND CAPITAL PROJECTS 32,239.12BLOOMFIELD ATP 10/24 GENERAL FUND CAPITAL PROJECTS 1,859.50LOS AL PMP UPGRADE 10/24 GENERAL FUND CAPITAL PROJECTS 8,104.00CIP 22/23-04 LATV DEMO GENERAL FUND CAPITAL PROJECTS 212.00CIP 24/25-03 PINE ST DESIG GENERAL FUND CAPITAL PROJECTS 4,371.50CIP 24/25-04 BLOOMFIELD AT GENERAL FUND CAPITAL PROJECTS 1,594.00CIP 24/25-05 PINE ST DES 1 GENERAL FUND CAPITAL PROJECTS 412.00CIP 24/25-04 MAPLE CDBG ST C.D.B.G CAPITAL PROJECTS 11,167.00 CIP 24/25-04 MAPLE CDBG 11 C.D.B.G CAPITAL PROJECTS 9,592.00SB1 24/25 STREET PROJECT GAS TAX CAPITAL PROJECTS 7,094.50SB1 24/25 STREET PROJECT 1 GAS TAX CAPITAL PROJECTS 6,963.50CIP 23/24-02 MEAS Y ST IMP MEASURE M CAPITAL PROJECTS 3,445.25CIP 23/24-06 LOS AL STRIPI MEASURE M CAPITAL PROJECTS 3,576.00CIP 23/24-06 LOS AL STRIPI MEASURE M CAPITAL PROJECTS 336.00CIP 24/25-02 KATELLA AVE P MEASURE M CAPITAL PROJECTS 5,248.50CIP 24/25-07 KATELLA AVE 1 MEASURE M CAPITAL PROJECTS 5,812.00CIP 23/24-10 CC ROOF PROJ FACILITY CAPITAL E CAPITAL PROJECTS 3,545.50CIP 23/24-01 CC ROOF 11/24 FACILITY CAPITAL E CAPITAL PROJECTS 364.00GENERATOR PROJECT FACILITY CAPITAL E CAPITAL PROJECTS 374.00GENERATOR PROJ 11/24 FACILITY CAPITAL E CAPITAL PROJECTS 1,597.38 _
TOTAL: 228,165.92
WOODRUFF & SMART, APC PROSECUTION SVCS 12/24 GENERAL FUND CITY ATTORNEY 4,347.00 GENERAL SVCS 12/24 GENERAL FUND CITY ATTORNEY 30,909.00LITIGATION SVCS 12/24 GENERAL FUND CITY ATTORNEY 360.00 _
TOTAL: 35,616.00
YING LIU WEEKEND OF ART PORTRAIT LI GENERAL FUND NON-DEPARTMENTAL 120.00 _
TOTAL: 120.00
13

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WARRANTS 02/2025

VENDOR NAME DESCRIPTION FUND DEPARTMENT AMOUNT
_
=============== FUND TOTALS ================10 GENERAL FUND19 C.D.B.G20 GAS TAX26 MEASURE M50 GARAGE FUND52 FACILITY CAPITAL EXPENSES53 TECHNOLOGY REPLACEMENT54 SELF INSURANCE TRUST99 POOL CLEARING FUND 992,505.45
20,759.0014,058.0018,417.7558,884.22
145,594.46
799.55
8,483.53
461.52 -------------------------------------------- GRAND TOTAL: 1,259,963.48 -------------------------------------------- 14

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Retirees Medical Reimbursement
Date: February 1, 2025 Number of Transactions: 15 Total Batch: $10,561.89 15

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Payroll 2/14/25

GROSS REGULAR OVERTIME LEAVE OTHER DEDUCTIONS TAXES NET 923.20 0.00 0.00 0.00 215.45 13.40 694.35 923.20
28,526.01 0.00 4,448.39 5,021.33 4,461.36 6,508.25 27,026.12 37,995.73 18,121.79 0.00 343.02 270.00 2190.90 2448.06 14,095.85 18,734.81 26,882.36 0.00 3,780.04 1,658.56 5,833.85 5,460.00 21,027.11 32,320.96 50,910.81 5,077.34 12,848.40 6,430.98 14,362.55 10,670.73 50,234.25 75,267.53 9,478.02 2,437.00 75.59 5,828.42 2,165.45 3,426.67 12,226.91 17,819.03 8,166.52 0.00 322.88 1,638.65 883.21 1,343.40 7,901.44 10,128.05

0.00 0.00 0.00 2,809.62 105.36 335.39 2,368.87 2,809.62 4,444.00 1113.46 0.00 722.20 1023.16 957.98 4,298.52 6,279.66 4031.20 1316.17 0.00 5,899.24 876.75 1642.73 8,727.13 11,246.61 4,832.85 855.17 0.00 444.40 1,169.89 473.98 4,488.55 6,132.42 28,705.56 0.00 1248.03 7925.19 3934.87 6637.64 27,306.27 37,878.78 3,019.80 0.00 1006.60 373.20 522.76 931.86 2,944.98 4,399.60 2,963.20 250.02 0.00 3,236.74 371.96 843.58 5,234.42 6,449.96 20,318.80 638.64 2644.70 1696.52 3000.33 2809.22 19,489.11 25,298.66 2,404.00 608.51 0.00 0.00 187.24 246.55 2,578.72 3,012.51 35,600.85 276.55 4,276.75 6,656.76 5,607.81 7,122.32 34,080.78 46,810.91 0.00 0.00 191.58 18,174.22 688.73 951.05 16,726.02 18,365.80 TOTALS $361,873.84 $249,328.97 $12,572.86 $31,185.98 $68,786.03 $47,601.63 $52,822.81 $261,449.40 10-551 Recreation Administration10-556 Recreation- Sports REGULAR INPUT: 128 MANUAL INPUT: 0 CHECK STUB COUNT: 0 DIRECT DEPOSIT STUB COUNT: 128 10-545 Economic Development10-522 Police- Patrol10-523 Police- Investigation10-524 Police- Records10-526 Police- Community Outreach10-527 Police-Youth Progams10-528 Police- Traffic 10-531 Development Services- Administration10-532 Development Services- Planning10-533 Development Services- Neighborhood Preservation 10-542 Development Services- Street Maintenance10-544 Development Services- Facility Maintenance10-521 Police Administration -----------------------------------------------------------DEPARTMENT RECAP-- ------------------------------------------------------- DEPT NO#10-510 City Council10-511 City Manager/ City Clerk10-512 Finance 16

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Employee Employer
Fed Taxes Employee/ Employer (MediCare) $44,554.27 $39,423.02 $5,131.25State Taxes Employee $13,399.79ICMA Employee $3,841.10PD Association Employee $1,466.77LosAl Employees Assoc Employee $360.00Nationwide - Full Time Employee $2,355.04Nationwide - PT Employee/ Employer $3,410.42 1,705.21 $ 1,705.21 $ PERS Deferred Comp Employee $2,180.76PERS Employee/ Employer $68,409.70 $27,732.62 $40,677.08AFLAC Employee $96,864.85PERS Medical Employee/ Employer $294.10Delta Dental PPO Employer $4,756.50Delta Dental HMO Employer $424.45VSP Vision Employer $1,124.15Standard Self Admin Employee/ Employer $2,374.20Standard Life Optional EmployeeTOTALS $245,816.10 $68,860.85 $47,513.54

ABBV EMPLOYEE EMPLOYER DESC TAXABLE EMPLOYEE EMPLOYER
REG 5306.67 $249,328.97 125 I-125 $ 1,363.06 FED W/H $ 34,291.77 317,924.84 $ PTRG 1782.52 $44,583.07 129 I-129 $ 192.31 ST WH CA $ 13,399.79 317,924.84 $ PHEO 112.58 $3,660.74 AFP AFLPT $ 81.57 MEDI $ 5,131.25 353,880.01 $ 5,131.25 $ OT 35.75 $1,773.72 CMP CLOAN $ 48.08
OTS 104.32 $9,803.17 CS1 CS-C0 $ 230.76
STBY 10.00 $995.97 DC% DCR% $ 107.83
CAR 0.00 $750.00 DC2 DCPR $ 400.00
CELL 0.00 $1,180.00 DCI DCICM $1,970.00
PPHC 0.00 $3,375.44 DCM DCICM $ 958.00SKIL 0.00 $111.10 DCN DCNW $ 2,355.04MEDR 0.00 $7,775.00 DCP DCPRS $ 1,780.76SPAS 0.00 $1,625.96 DD1 DPPO1 $ 420.75SPSK 0.00 $138.06 DD2 DPPO2 $ 253.80OCWD 0.00 $350.00 DD3 DPPO3 $ 697.95OCWE 0.00 $200.00 DD4 DDMO1 $ 46.26 UNIF 0.00 $225.00 DD5 DDMO2 $ 13.89
UNI2 0.00 $75.00 DD6 DDMO3 $ 102.75
RTRO 0.00 $650.28 DI% DCI% $ 219.23
ADML 13.00 $825.41 DIS DISAF $ 65.48
COMP 39.00 $1,782.32 DLI DCLIC $ 586.04
EAU 12.00 $688.56 LEA LAEAD $ 360.00
EAA 60.00 $0.00 LIF LIFE $ 288.13
COMA 43.63 $0.00 LTD A LTD $ 99.54
FLHO 33.50 $1,961.54 MED MDINS $ 34,967.53 6,549.20 $
SICK 354.17 $15,820.72 PBB PRSBB $ 481.97
VAC 136.66 $8,790.33 PN1 PEPME $ 8,232.30
POST4 0.00 $110.00 PN2 PEPMR $ 8,359.78POST6 0.00 $300.00 PN3 PEPSE $ 9,747.24 POST7 0.00 $3,089.20 PN4 PEPSR $ 9,754.35
POST8 0.00 $282.18 POS POAS $ 1,466.77
POVA 49.89 $1,317.10 PR0 PRM8 $ 2,750.61
BILI 0.00 $250.00 PR2 PRSMR $ 10,444.34
HOT 0.00 $55.00 PR4 PRSSR $ 12,118.61
PR5 PRSB4 $ 618.55PR6 PRSAF $ 2,543.50
PR7 PRMB4 $ 666.00PR8 PRMAF $ 1,799.04
PR9 PRSCC $ 830.17RTP RT-PT $ 1,705.21 1,705.21 $ SUR SURVI $ 63.24VS1 VIS1 $ 122.36VS2 VIS2 $ 68.67 $ 80,034.25 47,601.63 $ $ 52,822.81 5,131.25 $
Payroll 02/14/2025

BENEFITS & WITHHOLDINGS

DEDUCTION GRAND TOTALS
----------EARNINGS----------- -----------DEDUCTIONS----------- -------------------TAXES-------------------- DESC HRS AMOUNT CDTotals 8,093.69 $ 361,873.84 $ 17

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Payroll 2/28/25

GROSS REGULAR OVERTIME LEAVE OTHER DEDUCTIONS TAXES NET 923.20 0.00 0.00 0.00 215.45 13.40 694.35 923.20
24,381.25 0.00 14,243.35 8,771.41 4,458.85 5,453.50 37,483.66 47,396.01 16,156.70 0.00 0.00 2,458.10 2190.90 2420.72 14,003.18 18,614.80 24,904.32 0.00 1,925.28 5,371.36 5,833.85 5,426.68 20,940.43 32,200.96 51,611.40 16,816.72 12,147.80 5,948.98 14,337.23 13,733.28 58,454.39 86,524.90 9,553.60 534.16 0.00 5,193.83 2,144.82 2,599.18 10,537.59 15,281.59 6,029.90 192.35 1222.80 2,351.20 859.80 1,285.73 7,650.72 9,796.25 0.00 0.00 0.00 2,670.30 100.14 292.06 2,278.10 2,670.30 4,444.00 0.00 0.00 572.20 1002.53 555.87 3,457.80 5,016.20 4031.20 2211.63 0.00 5,327.41 855.31 1885.56 8,829.37 11,570.24 4,832.85 351.05 0.00 444.40 1,169.89 348.53 4,109.88 5,628.30 25,419.26 0.00 656.89 10565.22 3895.21 6444.16 26,302.00 36,641.37 3,523.10 255.17 0.00 503.30 495.30 900.96 2,885.31 4,281.57 5,207.04 0.00 0.00 3,702.80 587.41 1,266.72 7,055.71 8,909.84 15,750.16 42.64 1033.96 3964.40 2641.96 2010.25 16,138.95 20,791.16 1,968.28 0.00 135.23 300.50 187.24 126.32 2,090.45 2,404.01 30,068.07 1241.57 4,919.69 10,193.85 5,600.99 7,196.93 33,625.26 46,423.18 0.00 0.00 834.13 16,409.75 646.66 715.64 15,881.58 17,243.88 TOTALS $372,317.76 $228,804.33 $21,645.29 $37,119.13 $84,749.01 $47,223.54 $52,675.49 $272,418.73 10-521 Police Administration
-----------------------------------------------------------DEPARTMENT RECAP-- ------------------------------------------------------- DEPT NO#10-510 City Council10-511 City Manager/ City Clerk10-512 Finance10-545 Economic Development10-522 Police- Patrol10-523 Police- Investigation10-524 Police- Records10-526 Police- Community Outreach10-527 Police-Youth Progams10-528 Police- Traffic10-531 Development Services- Administration10-532 Development Services- Planning10-533 Development Services- Neighborhood Preservation10-542 Development Services- Street Maintenance10-544 Development Services- Facility Maintenance10-551 Recreation Administration10-556 Recreation- Sports REGULAR INPUT: 127 MANUAL INPUT: 0 CHECK STUB COUNT: 0 DIRECT DEPOSIT STUB COUNT: 127 18

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Employee Employer
Fed Taxes Employee/ Employer (MediCare) $43,116.00 $37,830.97 $5,285.03State Taxes Employee $14,844.52ICMA Employee $3,873.01PD Association Employee $1,466.77LosAl Employees Assoc Employee $360.00Nationwide - Full Time Employee $2,355.04Nationwide - PT Employee/ Employer $3,070.36 1,535.18 $ 1,535.18 $ PERS Deferred Comp Employee $2,180.76PERS Employee/ Employer $68,224.33 $27,653.67 $40,570.66AFLAC EmployeePERS Medical Employee/ EmployerDelta Dental PPO EmployerDelta Dental HMO EmployerVSP Vision EmployerStandard Self Admin Employee/ EmployerStandard Life Optional EmployeeTOTALS $139,490.79 $67,019.82 $47,390.87

ABBV EMPLOYEE EMPLOYER DESC TAXABLE EMPLOYEE EMPLOYER
REG 4814.34 $228,804.33 125 I-125 $ 1,236.14 FED W/H $ 34,291.77 317,924.84 $ PTRG 1624.58 $39,848.41 129 I-129 $ 192.31 ST WH CA $ 13,399.79 317,924.84 $ PHEO 101.50 $3,306.28 AFP AFLPT $ 81.57 MEDI $ 5,131.25 353,880.01 $ 5,131.25 $ HOL 482.00 $23,607.38 CMP CLOAN $ 48.08OT 33.38 $1,731.73 CS1 CS-C0 $ 230.76OTS 208.27 $18,751.90 DC% DCR% $ 107.83STBY 12.00 $1,161.66 DC2 DCPR $ 400.00CAR 0.00 $750.00 DCI DCICM $1,970.00PPHC 0.00 $3,375.44 DCM DCICM $ 958.00SKIL 0.00 $111.10 DCN DCNW $ 2,355.04MEDR 0.00 $7,775.00 DCP DCPRS $ 1,780.76SPAS 0.00 $1,625.96 DD1 DPPO1 $420.75SPSK 0.00 $138.06 DD2 DPPO2 $ 253.80OCWD 0.00 $315.00 DD3 DPPO3 $ 697.95OCWE 0.00 $250.00 DD4 DDMO1 $ 46.26UNIF 0.00 $200.00 DD5 DDMO2 $ 13.89UNI2 0.00 $75.00 DD6 DDMO3 $ 102.75ADML 30.00 $1,865.00 DI% DCI% $ 251.14COMP 62.83 $2,719.21 DIS DISAF $ 65.48EAU 66.00 $3,675.42 DLI DCLIC $ 586.04EAA 6.00 $0.00 LEA LAEAD $ 360.00COMA 78.75 $0.00 LIF LIFE $ 288.13FLHO 60.50 $3,282.15 LTD A LTD $ 99.54SICK 267.50 $11,125.09 MED MDINS $ 34,092.53 6,515.10 $ VAC 110.58 $4,680.26 PBB PRSBB $ 481.97POST7 0.00 $3,089.20 PN1 PEPME $ 8,237.19POST8 0.00 $282.18 PN2 PEPMR $ 8,364.76POVA 80.00 $9,772.00 PN3 PEPSE $ 9,690.86 PN4 PEPSR $ 9,697.93
POS POAS $ 1,466.77PR0 PRM8 $ 2,750.61PR2 PRSMR $ 10,389.36PR4 PRSSR $ 12,118.61PR5 PRSB4 $ 618.55PR6 PRSAF $ 2,543.50PR7 PRMB4 $ 666.00PR8 PRMAF $ 1,771.58PR9 PRSCC $ 830.17RTP RT-PT $ 1,535.18 1,535.18 $ SUR SURVI $ 63.24
VS1 VIS1 $ 122.36VS2 VIS2 $ 68.67VS3 VIS3 $ 164.64
$ 47,223.54 $ 79,047.44 $ 52,822.81 5,131.25 $
Payroll 02/28/2025

BENEFITS & WITHHOLDINGS

DEDUCTION GRAND TOTALS
----------EARNINGS----------- -----------DEDUCTIONS----------- -------------------TAXES--------------------

DESC HRS AMOUNT CD
Totals $ 8,038.23 $ 372,317.76
19

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MINUTES OF THE CITY COUNCIL OF THE CITY OF LOS ALAMITOS

REGULAR MEETING
Tuesday, February 18, 2025

1. CALL TO ORDER
The City Council met in Regular Session at 6:10 p.m., Tuesday, February 18, 2025, in the Council Chamber located at 3191 Katella Ave., Los Alamitos, CA 90720, Mayor Hasselbrink presiding.

2. ROLL CALL

Present: Council Members: Hibard, Loe, Nefulda
Mayor Pro Tem Doby, Mayor Hasselbrink

Absent: Council Members: None

Present: Staff: Chet Simmons, City Manager
Barbara Biscocho, Finance Manager
Michael Claborn, Chief of Police
Craig Covey, Orange County Fire Authority Battalion Chief Michael S. Daudt, City Attorney
Kain Gallaugher, Police Captain
Craig Koehler, Finance Director
Matthew Lightener, Management Analyst
Emeline Noda, Recreation and Community Services Director Ron Noda, Development Services Director
Windmera Quintanar, MMC, City Clerk/Dir. of Communications

3. PLEDGE OF ALLEGIANCE
Mayor Pro Tem Doby led the Pledge of Allegiance.

4. INVOCATION
Council Member Hibard gave the Invocation.

5. PRESENTATIONS
Mayor Hasselbrink pulled item 5C forward.

C. Presentation of a Certificate to Kevin Babiera, owner of Donut Boss, in Recognition on Being Featured in the Mayor's Business Spotlight Mayor Hasselbrink presented a certificate to Mr. Babiera. Mr. Babiera spoke briefly.

A. Presentation by Executive Director Howard Kummerman Regarding the Cypress College Americana Awards
Mr. Kummerman gave a PowerPoint presentation and introduced the Los

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Alamitos honoree, Randy Hill.

B. Update on Recent Traffic Improvement Project by Development Services Director Noda
Director Noda gave a PowerPoint presentation and answered questions from the City Council. Council expressed support for revaluating the striping at Los Alamitos Blvd. and Cerritos Ave.

6. ORAL COMMUNICATIONS
At this time, any individual in the audience may come forward to speak on any item within the subject matter jurisdiction of the City Council. Remarks are to be limited to not more than five minutes per speaker.

Dan Gallagher, resident and President of the Los Alamitos Senior Club, spoke regarding Senior Club monthly meetings.

Joe Hastie, resident, stated concern regarding the striping on Lexington and item 12C.

Cathie Salai, resident, stated concern for the turn lane at Los Alamitos Blvd. and Cerritos Ave., opposition to pursuing grant funding, and requested Council be proactive in getting information out to the public.

Beth Piburn, Rossmoor resident, stated concern regarding the striping on Los Alamitos Blvd. and e-bike safety.

Betty Bender, resident, stated concern regarding the striping on Los Alamitos Blvd. and Cerritos Ave., specifically the unsafe bike lane.

Woodcrest Resident stated concern regarding the left turn lane heading north on Los Alamitos Blvd. at Cerritos.

7. CLOSED SESSION
A. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Pursuant to paragraph (1) of subdivision (d) of Section 54956.9 of the California Government Code: Los Alamitos Luxury Apartments v. City of Los Alamitos, Orange County Superior Court Case No. 30-2023-01309111- CU-BC-CJC.

City Attorney Daudt read the item aloud.

RECESS
City Council recessed into Closed Session at 7:26 p.m.

RECONVENE
City Council reconvened in Regular Session at 7:58 p.m.

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City Attorney Daudt stated there was no reportable action.

8. UPDATES FROM THE MAYOR
At this time, the Mayor may report on items not specifically described on the Agenda that are of interest to the community, provided no action or discussion is taken.

Mayor Hasselbrink spoke regarding The Los Al Loop newsletter, the upcoming Race on the Base, and the Weekend of Art. She reported attendance at the League of California Cities (LOCC) Community Services Committee in Sacramento, Good Evening Los Alamitos, Senior Advisory Committee, Los Alamitos Education Foundation fundraiser, Labourdette Park Groundbreaking, Budget Standing Committee, Citizen Academy hosted by the Police Department, Commissioner Appreciation Dinner, and, the LOCC Veterans roundtable. She requested a future discussion item to expand the scope of the Personnel Appeals Commission.

City Manager Simmons thanked staff for the successful distribution of the first edition of The Los Al Loop. Mayor Hasselbrink added it’s a great way to keep up to date with what’s happening in the City.

10. WARRANTS
A. Warrants (Finance)
The attached Warrant Register contains checks and electronic funds transfers for the period from January 1, 2025, to January 31, 2025.

Motion/Second: Doby/Nefulda
Unanimously Carried: The City Council ratified the Warrants from January 1, 2025, to January 31, 2025, for $3,151,330.00.

Roll Call
Mayor Hasselbrink Aye
Mayor Pro Tem Doby Aye
Council Member Hibard Aye
Council Member Loe Aye
Council Member Nefulda Aye

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11. CONSENT CALENDAR
All Consent Calendar items may be acted upon by one motion unless a Council Member requests separate action on a specific item.

Mayor Pro Tem Doby pulled items 11G and 11I.

Motion/Second: Doby/Hasselbrink
Unanimously Carried: The City Council approved the following Consent Calendar Items:

A. Approval of Minutes (Administration)
Approved the City Council Regular Minutes of January 21, 2025.

B. Annual Update of the Records Management Program (Administration) In October 2015, the City Council adopted the City-wide Records Management Program. Part of this Program included a day dedicated to records management and annual updates to the retention schedule. This item recommends changes to the policy to ensure continued success of the program.

The City Council adopted Resolution 2025-03, entitled, “A RESOLUTION

OF THE CITY COUNCIL OF THE CITY OF LOS ALAMITOS, CALIFORNIA,

ADOPTING A RECORDS MANAGEMENT PROGRAM AND REPEALING
RESOLUTION NO. 2024-07 IN ITS ENTIRETY”.

C. Ordinance 2025-01 - E-Conveyances Relating to Vehicles such as EBikes (Police) Like many other cities in Orange County, Los Alamitos has experienced a notable increase in the number of electric bicycles in the community. Both law enforcement and residents have encountered significant safety concerns related to E-bike use. A recent investigation by the Orange County Grand Jury highlighted an urgent need for consistent ordinances to regulate and enforce safe E-bike practices across cities, school districts, parks, and unincorporated areas. City Council Introduced for first reading, read by title only, waived further reading of Ordinance No. 2025-01 at the January 21, 2025 Regular Council Meeting.

The City Council adopted Ordinance No. 2025-01, entitled, "AN

ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LOS ALAMITOS, CALIFORNIA, ADDING CHAPTER 10.45 (E- CONVEYANCES) TO TITLE 10 OF THE LOS ALAMITOS MUNICIPAL CODE RELATING TO
VEHICLES SUCH AS E-BIKES".

D. Ordinance 2025-02 - Informal Bidding - Public Works (Development Services)
This item recommends adoption of an ordinance establishing informal

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bidding policies and procedures for public works projects involving an expenditure at or below the $125,000 formal bidding threshold set forth in Section 1206 of the City Charter. City Council Introduced for first reading, read by title only, waived further reading of Ordinance No. 2025-02 at the January 21, 2025 Regular Council Meeting.

The City Council adopted Ordinance No. 2025-02, entitled, “An

ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LOS ALAMITOS, CALIFORNIA, ADDING CHAPTER 2.62 (INFORMAL BIDDING – PUBLIC WORKS) TO THE LOS ALAMITOS MUNICIPAL CODE.”
E. Ordinance 2025-03 - Lobbyist Registration and Reporting (Administration)
This item recommends adoption of an ordinance establishing lobbyist registration and reporting policies, procedures and regulations to implement Section 505 of the City Charter. City Council Introduced for first reading, read by title only, waived further reading of Ordinance No. 2025-03 at the January 21, 2025 Regular Council Meeting.

The City Council adopted Ordinance No. 2025-03, entitled, “An

ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LOS ALAMITOS, CALIFORNIA, ADDING CHAPTER 2.58 (LOBBYIST REGISTRATION AND REPORTING) TO THE LOS ALAMITOS MUNICIPAL CODE.”
F. Ordinance 2025-04 - Commission Membership (Administration) The City of Los Alamitos has four commissions, which consist of Parks, Recreation, and Cultural Arts, Personnel Appeals, Planning, and Traffic.

Excluding the Personnel Appeals Commission, these commissions consist of seven members. This item proposes reducing the membership to five, consistent with the makeup of the City Council and Personnel Appeals Commission. City Council Introduced for first reading, read by title only, waived further reading of Ordinance No. 2025-04 at the January 21, 2025 Regular Council Meeting.

The City Council adopted Ordinance No. 2025-04, entitled, “AN

ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LOS ALAMITOS,

CALIFORNIA, ESTABLISHING A FIVE- PERSON MEMBERSHIP FOR
CITY COMMISSIONS AND BOARDS".

H. Treasurer’s Quarterly Investment Report – December 2024 (Finance) The item for City Council consideration is receipt of the Treasurer’s Quarterly Investment Report.

The City Council adopted received and filed the Treasurer’s Quarterly Investment Report – December 2024.

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J. Authorization to Approve and Release a Request for Proposals (RFP) for Storm Drain Catch Basin and Lift Station Maintenance (RFP 2025- 09) (Development Services)
This item recommends approving and releasing a Request for Proposals (RFP 2025- 09) for Catch Basin and Lift Station Maintenance.

The City Council approved and release the RFP 2025-09 for Catch Basin and Lift Station Maintenance.

K. Approval of Plans and Specifications for Striping Improvements on Katella Avenue (CIP 24/25-07) (Development Services)
Striping and pavement markings assist in maintaining safe, up-to-date standards that comply with current Federal and State guidelines. This item requests the approval of plans to be noticed and to authorize staff to solicit and receive bids for completion of the project.

The City Council:

1. Approved the plans and specifications for the Striping Improvements on Katella Avenue (CIP 24/25-07) project; and,

2. Authorized Staff to advertise and solicit bid proposals L. Notice of Completion (NOC) for the Los Alamitos Police Department Vehicle Canopy Project (CIP No. 23/24-07) (Development Services) The Los Alamitos Police Department Vehicle Canopy Project (CIP No. 23/24-07) has been completed. It is recommended that City Council accept the work as completed and direct filing of the Notice of Completion (NOC).

The City Council:

1. Accepted the completion of construction by Buckley Building, Inc., DBA Outdoor Shade Concepts for Los Alamitos Police Department Vehicle Canopy Project (CIP No. 23/24-07); and,

2. Authorized the City Clerk to record the Notice of Completion/Final Report with the County Recorder’s Office.

End Consent Calendar
Items Pulled from Consent Calendar
G. City Council Travel and Reimbursement Policy (Administration) This item updates the Travel Policy specific to City Council and Appointed Officials.

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City Council Regular Minutes
February 18, 2025

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City Manager Simmons summarized the Staff report. Council and Staff discussed recent concerns with safety and the most economical mode of travel.

Motion/Second: Doby/Nefulda
Unanimously Carried: The City Council adopted the revised Administrative Regulation 6.2 City Council Travel and Reimbursement Policy.

I. Neighborhood Name Change – Apartment Row to Midtown
(Development Services)
This item proposed renaming the “Apartment Row” neighborhood to “Midtown”.

Director Noda summarized the Staff report. Mayor Pro Tem Doby stated her support.

Motion/Second: Doby/Hasselbrink
Unanimously Carried: The City Council adopted Resolution No. 2025-06, entitled, “A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LOS ALAMITOS, CALIFORNIA, APPROVING RENAMING THE “APARTMENT ROW” NEIGHBORHOOD TO “MIDTOWN,” AS BOUND BY LEXINGTON

DRIVE ON THE EAST, FARQUHAR AVENUE ON THE SOUTH, THE

EDGE OF THE TOWN CENTER MIXED USE ZONE ON THE WEST, AND THE KATELLA AVENUE/GREEN AVENUE ALLEY ON THE NORTH.”

12. DISCUSSION ITEM
Mayor Hasselbrink pulled item 12B forward.

B. Adoption of the Senior Services Master Plan (Recreation) This item for Council consideration is an update on the Senior Services Master Plan project approved at the October 16, 2023 Regular Council meeting. A draft Senior Services Master Plan report is provided.

City Manager Simmons and Recreation and Community Services Director Noda introduced the item. Jennifer Siseov, Recreation Manager, summarized the staff report. She introduced Dr. Melanie Horn Mallers and Dr. Laura Zettel-Watson Watson of Gerofusion.

Council and Staff discussed the following:
• Support for taking care of the senior population
• Concern for balancing providing for our youth and seniors • Support for bringing our youth and seniors together and caution for intergenerational programming
• Numerous non-profit organizations in the City that serve the whole

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City Council Regular Minutes
February 18, 2025

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family
• Potential grant funding for senior populations
• Potential to create a holistic environment of support for all residents well being
• Macro and micro opportunities for long-term benefits to the community
• Los Alamitos is defined by its town feel with support for individualism • Los Alamitos is able to plan for the future due to its smaller population and lack of big City concerns such as homelessness and increased crime
• Dan Gallagher, resident and Senior Club President, shared his positive experience in Los Alamitos
• Encouragement to care for your older adults
• Los Alamitos Community Foundation supports the Senior Services Master Plan
Motion/Second: Doby/Nefulda
Unanimously Carried: The City Council adopted Resolution No. 2025-04, entitled, "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LOS

ALAMITOS, CALIFORNIA, ADOPTING THE CITY OF LOS ALAMITOS SENIOR SERVICES MASTER PLAN DATED FEBRUARY 18, 2025".

A. Mid-Year General Fund Budget Review and Financial Update for Fiscal Year 2024-25 (Finance)
This report provides the Council with a review of the Mid-Year General Fund budget for the Fiscal Year 2024-25 and a projection for the fiscal year ending June 30, 2025.

City Manager Simmons introduced the item. Finance Director Koehler summarized the staff report and gave a PowerPoint presentation.

Council and Staff discussed the following:
• Business License compliance is continually monitored by third-party partner HDL with a goal of 100% compliance
• Cost recover for credit card fees will be included in the upcoming cost recover proposal
• Information Technology (IT) fund includes computer replacement, software, Automated License Plate Readers, cyber security, etc.

Motion/Second: Doby/Hibard
Unanimously Carried: The City Council:

1. Reviewed the Mid-year General Fund budget for the Fiscal Year 2024-25 and the projection for the Fiscal Year ending June 30, 2025; and,

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City Council Regular Minutes
February 18, 2025

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2. Approved the following mid-year appropriation requests:

C. Annual Retention Goals & Performance Achievement Bonus for Executive Management and Middle Management Non-Represented Employees (Administration)
This report recommends the adoption of a resolution adding Section 32 (Annual Retention Goals & Performance Achievement Bonus) to the Salary and Benefits Resolution for Non-Represented Employees.

City Manager Simmons summarized the Staff report.

Motion/Second: Doby/Nefulda
Unanimously Carried: The City Council adopted Resolution No. 2025-05, entitled, "A RESOLUTION OF THE CITY COUNCIL OF CITY OF LOS ALAMITOS, CALIFORNIA, ADDING SECTION 32 (ANNUAL RETENTION

GOALS & PERFORMANCE ACHIEVEMENT BONUS) TO THE SALARY
AND BENEFIT RESOLUTION FOR NON-REPRESENTED EMPLOYEES."

Council Member Hibbard spoke regarding joining the Daughters of the American Revolution, attendance at the Rotary Valentine Lunch, Labourdette Park Ribbon Cutting, Stern’s Park Ribbon Cutting, and the Los Alamitos Education Foundation fundraiser. She stated she had posted her salary on her webpage.

Council Member Nefulda spoke regarding attendance at the Commissioner Appreciation Dinner, Stern’s Park Ribbon Cutting, Orange County Sanitation District Board meeting, and advised of the upcoming wastewater 101 Citizen

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City Council Regular Minutes
February 18, 2025

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program.

Council Member Loe spoke regarding attendance at Good Evening, Los Alamitos!, LOCC Annual Conference, Labourdette Park Ribbon Cutting, Commissioner Appreciation Dinner, and Stern’s Park Ribbon Cutting.

Mayor Pro Tem Doby spoke regarding attendance at the Labourdette Park Ribbon Cutting, Stern’s Park Ribbon Cutting, the Los Alamitos Education Foundation fundraiser, Board meetings for her appointed boards, Good Evening, Los Alamitos!, and LOCC Committee meeting for Community Economic Development and Housing.

14. ADJOURNMENT
The City Council adjourned at 9:33 p.m. to Monday, March 24, 2025, at 6:00 p.m.

Shelley Hasselbrink, Mayor
Attest:

Windmera Quintanar, MMC, City Clerk

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City of Los Alamitos

CITY COUNCIL AGENDA REPORT
MEETING DATE: March 24, 2025 ITEM NUMBER: 11B
To: Mayor Shelley Hasselbrink & Members of the City Council Presented By: Craig Koehler, Director of Finance
Subject: Annual Comprehensive Financial Report for June 30, 2024

SUMMARY
The fiscal year 2023-24 audit reports are presented for the Council's receipt and consideration.

RECOMMENDATION
Receive and file the fiscal year 2023-24 audit reports.

BACKGROUND
Each year an independent audit of the City is conducted in conformity with generally accepted auditing standards (GAAS). Those standards require that an independent Certified Public Accountant plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The auditor also expresses an opinion on the fairness of the presentation of the financial position and the results of operations of the government's basic financial statements in conformity with generally accepted accounting principles (GAAP).

DISCUSSION
The Government Finance Officers Association (GFOA) awarded the City a Certificate of Achievement for Excellence in Financial Reporting for its annual comprehensive financial report (ACFR) for the fiscal year ending June 30, 2023. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. The award is valid for a period of one year only. Staff believes the current fiscal year 2023-24 ACFR continues to meet the award program’s requirements and will be submitted again to the GFOA. In connection with this year's audit, this is the second year that Rogers, Anderson, Malody & Scott (RAMS) has audited the City's financial records. Report review included internal staff and additional reviews by the audit firm's partners. The results of the audit were also communicated to the Budget Standing Committee.

The resulting audit report, Financial Statements - Annual Comprehensive Financial Report (ACFR), is attached, along with the accompanying letters: Auditor’s Management Comment Letter (GAGAS), Report on Internal Controls, and Communication (SAAS 114), which includes the City Management's Representation Letter.

Management Comment Letter (GAGAS)
The audit noted two findings that were related to and carried over from the prior year. Due to

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the vacancy of the Finance Manager for most of the year, interim staffing had to be relied upon, which led to inconsistencies in the application of accounting processes. Following the hiring of a Finance Manager in mid-November, transition and training were limited in the midst of the audit that was already underway. These areas have been prioritized and included in the Finance Manager's responsibilities in managing the audit processes.

Report on Internal Controls (SAAS 114)
Management corrected any misstatements, as noted in Attachment A. In addition, Management's Representations are presented in the attached letter to RAMS dated March 3, 2025.

FISCAL IMPACT
None.

Attachment: 1. Annual Comprehensive Financial Report - FY Ending June 30, 2024

2. Management Comment Letter (GAGAS) - Los Alamitos

3. Report on Internal Controls (SAS 114) - Los Alamitos

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Annual comprehensive nnual comprehensive financial report (ACFR) financial report (ACFR) fiscal year ended june 30, 2024 iscal year ended june 30, 2024 Page 39 of 408

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City of Los Alamitos
Los Alamitos, California
Annual Comprehensive Financial Report
For the Fiscal Year Ended June 30, 2024
Prepared by the
Finance Department of Los Alamitos

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City of Los Alamitos
Annual Comprehensive Financial Report
For the Year Ended June 30, 2024

TABLE OF CONTENTS
INTRODUCTORY SECTION (UNAUDITED):

Letter of Transmittal ................................................................................................................ i Organization Chart ................................................................................................................. v Principal Officials of the City of Los Alamitos ........................................................................ vi Certificate of Achievement for Excellence in Financial Reporting – Government Finance Officers Association ...................................................................... vii FINANCIAL SECTION:

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

Government–Wide Financial Statements:

Statement of Net Position ......................................................................................... 13 Statement of Activities .............................................................................................. 15 Fund Financial Statements:

Governmental Funds Financial Statements:

Balance Sheet .................................................................................................... 17 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position ................................................................................ 18 Statement of Revenues, Expenditures, and Changes in Fund Balances ........... 19 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balance to the Government-wide Statement of Net Activities ............................................................................... 20 Proprietary Fund Financial Statements:

Statement of Net Position ................................................................................... 21 Statement of Revenues, Expenses, and Changes in Net Position ..................... 22 Statement of Cash Flows ................................................................................... 23 Notes to the Basic Financial Statements ........................................................................ 24 Required Supplementary Information:

Budgetary Comparison Schedule - General Fund ............................................................... 68 Notes to the Budgetary Comparison Schedule .................................................................... 69 Schedule of the City’s Proportionate Share of the Total Pension Liability and Related Ratios – Miscellaneous ..................................................................................... 71 Schedule of the City’s Proportionate Share of the Total Pension Liability and Related Ratios – Safety ................................................................................................. 72 Schedule of Contributions – Pension - Miscellaneous ......................................................... 73 Schedule of Contributions – Pension - Safety ...................................................................... 74 Schedule of Changes in the Net OPEB Liability and Related Ratios ................................... 75

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City of Los Alamitos
Annual Comprehensive Financial Report
For the Year Ended June 30, 2024
TABLE OF CONTENTS, (Continued)
FINANCIAL SECTION, (CONTINUED):

Supplementary Information:

Nonmajor Governmental Funds:

Combining Balance Sheet .............................................................................................. 76 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances .... 80 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual:

Nonmajor Special Revenue Funds:

Community Development Block Grant ............................................................ 84 Measure M ...................................................................................................... 85 Los Alamitos Television ................................................................................... 86 Office of Traffic Safety ..................................................................................... 87 Asset Seizure .................................................................................................. 88 Public Safety Augmentation ............................................................................ 89 State Law Enforcement Agency ...................................................................... 90 Air Quality ........................................................................................................ 91 State Gas Tax ................................................................................................. 92 Nonmajor Capital Project Funds:

Park Development ........................................................................................... 93 Building Improvement ...................................................................................... 94 Residential Streets/Alleys ................................................................................ 95 Traffic Improvement ......................................................................................... 96 Nonmajor Debt Service Fund:

Debt Service .................................................................................................... 97 Internal Service Funds:

Combining Statement of Net Position ............................................................................ 98 Combining Statement of Revenues, Expenses, and Changes in Net Position .............. 99 Combining Statement of Cash Flows ........................................................................... 100

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City of Los Alamitos
Annual Comprehensive Financial Report
For the Year Ended June 30, 2024
TABLE OF CONTENTS, (Continued)
STATISTICAL SECTION (Unaudited):

Net Position by Component Last Ten Fiscal Years ............................................................ 101 Changes in Net Position Last Ten Fiscal Years .................................................................. 102 Fund Balances of Governmental Funds Last Ten Fiscal Years .......................................... 104 Changes in Fund Balances of Governmental Funds Last Ten Fiscal Years ...................... 106 2023/24 Use Category Summary – Basic Property Value Table Last Ten Fiscal Years ..... 108 Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years .. 110 Direct and Overlapping Property Tax Rates Last Ten Fiscal Years .....................................111 Principal Property Taxpayers Current Year and Ten Years Ago ......................................... 113 Property Tax Levies and Collections Last Ten Fiscal Years ............................................... 114 Ratio of Outstanding Debt by Type Last Ten Fiscal Years ................................................. 115 Direct and Overlapping Governmental Activity Debt .......................................................... 116 Legal Debt Margin Information ........................................................................................... 117 Demographic and Economic Statistics ............................................................................... 118 Full–Time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years ................................................................................................... 119 Operating Indicators by Function/Program Last Ten Fiscal Years ..................................... 120 Capital Asset Statistics by Function/Program Last Ten Fiscal Years ................................. 122 Top 10 Businesses for Fiscal Year 2023/24 ....................................................................... 123 Principal Employers Current and Ten Years Ago ................................................................ 124

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i
March 3, 2025

HONORABLE MAYOR, MEMBERS OF THE CITY COUNCIL, AND CITIZENS I am pleased to submit the City of Los Alamitos, California's (the City) Annual Comprehensive Financial Report (ACFR) for the fiscal year ending June 30, 2024.

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 of the information presented in this report. To provide a reasonable basis for making these representations, management 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 generally accepted accounting principles (GAAP). Because the costs of internal controls should not outweigh their benefits, internal controls have been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatements.

The City's financial statements have been audited by Rogers, Anderson, Malody & Scott, LLP, a firm of certified public accountants. The independent auditor concluded, based on the audit, that there was a reasonable basis for rendering an unmodified opinion on the City's financial statements for the fiscal year ended June 30, 2024. The independent auditor's report is presented as the first component 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 of Los Alamitos' MD&A can be found immediately following the report of the independent auditors.

City of Los Alamitos Profile
The City of Los Alamitos, which has a population of 11,947, is 4.3 square miles and is in the northwest of Orange County. The City is strategically located in Southern California, 30 miles from downtown Los Angeles and 10 miles from Anaheim. The City is 10 miles northeast of the seaport terminal of Long Beach, and 13 miles northeast of the Port of Los Angeles. Neighboring communities include Long Beach, Seal Beach, Cypress, and Garden Grove.

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ii
The City of Los Alamitos is a Charter City and was incorporated on March 1, 1960. The City has a Council-Manager form of government. The City Council comprises five members elected bi-annually to four-year alternating terms. The City Council annually elects a Mayor from its members. The City Council appoints the City Manager, who is responsible for the day-to-day administration and management of City business within all City departments. The City of Los Alamitos employs a staff of forty-eight budgeted fulltime employees. The City has contracts with Woodruff & Smart for city attorney services and Liebert Cassidy Whitmore for legal services related to labor and employment law.

The City of Los Alamitos provides many services, including police protection, construction and maintenance of streets and other infrastructure, public improvements, planning and zoning, economic development, recreational activities and cultural events, and general administrative and support services.

The annual budget serves as the foundation for the City's financial planning and control.

The City Council holds public hearings and adopts an annual budget resolution for all funds. Adoption of the annual budget must occur prior to the conclusion of the prior fiscal year. The City Council may modify appropriations with majority approval. The budgets are adopted and presented on a basis consistent with generally accepted accounting principles.

Changes in budget appropriations at the fund level during the year must be approved by the City Council. The legal level of expenditures is controlled at the department level and appropriations lapse at the end of each fiscal year unless encumbered for reappropriation by the City Council in the following fiscal year. The City Manager may, without Council approval, amend individual line items within any department and between divisions and programs in the personnel costs, maintenance and operations, capital outlay, and capital projects portions of the budget without increasing total appropriations for any fund.

Budget Overview/Economic Outlook
A conservative approach was used in preparing this year’s biennial budget, which included information gathered from various sources, including HdL, Beacon Economics, and the U.S. Treasury. According to economists at UCLA School of Management, the forecast is for slow growth for the next few years, tempered by inflation and additional interest rate moves by the U.S. Treasury. Other factors remain in play, including the presidential election in November and larger-scale ongoing geopolitical risks.

Although circumstances may threaten the City’s financial position in the future, including high interest rates, uncertainty in financial institutions, and a potential recession, the City’s current financial position remains stable, and we anticipate our revenues to trend favorably for the foreseeable future. While we remain hopeful and optimistic, staff will continue to monitor the revenues and any adverse fluctuations in anticipated trends.

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iii
The Fiscal Year 2024-25 annual operating budget is balanced with operating revenues of $24,056,833 and operating expenditures of $23,126,050, resulting in a surplus. General fund balance reserves are projected to be $21,004,143 on June 30, 2025. The City Council reviews its Fund Balance Policy once the books have been closed for the prior year. The current reserve includes $3,400,000 for CalPERS reserves and $500,000 for other post-employment benefits (OPEB).

Long-Term Financial Planning and Major Initiatives
A report was taken to the Council in November 2022 for a plan to pay down the PERS unfunded liability. Council adopted Resolution 2022-33, adopting the PERS Unfunded Accrued Liability Pay-Down Funding Policy. The policy establishes directives for an Additional Discretionary Payment (ADP) of at least $260,000 to address the City’s current PERS Unfunded Actuarial (UAL) and includes the same $260,000 in subsequent budgets.

Additionally, upon completion of the City’s annual independent financial audit, should a surplus be identified and verified, at least 25% of the identified and verified surplus will be used to make an additional ADP payment. This payment is in addition to and does not support the already directed $260,000 annual payment. Any change to or rescission of this policy would require an action approved by the City Council during a public hearing and a finding of extreme financial danger to the City’s infrastructure or public safety.

In November 2023, the City Council approved funding a Section 115 Trust with monthly installments of $50,000 to reduce the City’s PERS UAL further. Payments to fund the trust will be offset by an equal reduction to the City’s CalPERS Reserve. The approved policies will allow the City to fund 100% of the unfunded portion of the pension liability (UAL) within 12 years or less. This undertaking will be reported annually so the Council can monitor the plan's progress and make adjustments as the plan progresses.

Capital Improvements
There was a significant influx of new projects during FY23-24. Infrastructure repairs were initiated on the City’s Civic Center buildings. This will be largely offset by reimbursement through the Federal Emergency Management Agency (FEMA) funding. The allocated funds will be utilized to address recent storm damage that has affected the Civic Center and other facilities, enabling necessary repairs and upgrades.

In addition, new funding has been earmarked for projects funded by the Road Repair and Accountability Act of 2017 (SB1) and Gas Tax, Orange County Transportation Authority (OCTA) Measure M-2, and other grants secured through Community Development Block Grant (CDBG) and Parks and Water Bond Act of 2018 (Proposition 68). Most of the remaining CIP is pending (carried over) from the FY23-24 budget and will be funded from surplus

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iv
Awards and Acknowledgements
The Government Finance Officers Association (GFOA) awarded the City a Certificate of Achievement for Excellence in Financial Reporting for its annual comprehensive financial report (ACFR) for the fiscal year ended June 30, 2023. The City received this award for publishing an easily readable and efficiently organized ACFR that satisfied both GAAP and applicable legal requirements.

This award is valid for a period of one year only. We believe that our current ACFR continues to meet the Program's requirements, and we are submitting it to the GFOA again this year.

The preparation and publication of this report would not have been possible without the dedication, professionalism, and teamwork of the entire staff of the Finance Department.

The City Council has continued to extend its support to the Finance Department in the planning of responsible and progressive financial operations. We want to thank the Mayor and the City Council for their continued support in maintaining the highest standards of professionalism in managing the City's finances.

Respectfully submitted,
____________________
Craig Koehler
Finance Director, City Treasurer
_________________
C i K hl

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-vPage 51 of 408
-viCity of Los Alamitos
List of Principal Officials
June 30, 2024
City Council
Mayor Jordan Nefulda
Mayor Pro Tem Shelley Hasselbrink
Council Member Tanya Doby
Council Member Emily Hibard
Council Member Trisha Murphy
Appointed Officials
City Manager Chet Simmons
City Attorney Michael S. Daudt
City Clerk Windmera Quintanar
Executive Management
City Engineer Chris Kelly
Administrative Services Manager Chelsi Wilson
Finance Director Craig Koehler
Recreation and Community Services Director Emeline Noda Development Services Director Ron Noda
Chief of Police Michael Claborn

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-viiPage 53 of 408
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735 E. Carnegie Dr. Suite I 00
San Bernardino. CA 92408
909 889 0871 T
909 889 5361 F
ramscpa. net

PARTNERS
Scott W Manno. CPA. CGMA
Leena Shanbhag, CPA. MST. CGMA
Bradferd A. Welebir. CPA. MBA. CGMA
Jenny W. Liu. CPA, MST
Ga,·denya Duran, CPA, CGMA
Brianna Schultz, CPA. CGMA
Brenda L. Odle. CPA. MST (Partne, Emeritus)
Te, ry P Shea, CPA (Panner Emenws)

MANAGERS/ STAFF
Seong-Hyea Lee. CPA. MBA
Evelyn Morenlin-Barcena. CPA
Vernnica Hernandez, CPA
Laura A1v1zu. CPA
John Maldonado, CPA, MSA
Julia Rodriguez Fuentes. CPA, MSA
Dem, Hite. CPA
Jeffrey McKennan. CPA
Mornca Wysock,, CPA
Jacob Weatherb,e. CPA, MSA
Bolim Han. CPA. MAcc
Anny Gonzalez, CPA

MEMBERS
Amencan lnsutuce of
Certified Public Accountants
PCPS The A/CPA Alliance
(01 CPA Fi,ms
Governmental Audit
Q11C1/1ty Cenre,
Califot nia Society of
Certified Public Accountants
•
Proud Member of
AlliottGlobalAlliance~

ROGERS, ANDERSON , MALODY & SCOTT, LLP
CERTIFIED PUBLIC ACCOUNTANTS. SINCE 1948
STABILITY. ACCURACY. TRUST.
-1-
Independent Auditor’s Report
To the Honorable Mayor and Members of the City Council
City of Los Alamitos, California
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of City of Los Alamitos (the City), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

In our opinion, the accompanying 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 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 (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards). 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.

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-2-
Emphasis of Matter
As described in Note 1 to the financial statements during the year ended June 30, 2024, the City adopted new accounting guidance under Governmental Accounting Standards Board (GASB) Statement No. 100, Accounting Changes and Error Corrections. Our opinions are not modified with respect to this matter.

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

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

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 GAAS 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 GAAS 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.

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-3-
 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 required supplementary information, as listed in the table of contents, be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The combining and individual nonmajor fund financial statements and the nonmajor fund budgetary comparison schedules are presented for purposes of additional analysis and are not a required part of the basic financial statements.

Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements.

The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the accompanying supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information Included in the Annual Report
Management is responsible for the other information included in the annual report/annual comprehensive financial report (ACFR). The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor's report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

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-4-
In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 3, 2025 on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

San Bernardino, California
March 3, 2025

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City of Los Alamitos
Management’s Discussion and Analysis
For the Year Ended June 30, 2024
-5-
The management of the City of Los Alamitos ("City") offers readers of the City's financial statements this narrative overview and analysis of the City's financial activities for the fiscal year ended June 30, 2024. We encourage readers to consider the information presented here in conjunction with additional information that is provided in our letter of transmittal, which can be found in the introductory section of this report and with the City’s financial statements. The presentation of the City's financial data in this analysis and statements will differ from the City's budget, in that the analysis and statements are required to follow the Generally Accepted Accounting Principles (GAAP), whereas the City's budget is an operational financial plan for the upcoming fiscal year.

OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis provides an introduction to the City's 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.

Government-wide financial statements. The government-wide financial statements are designed to provide readers with a broad overview of the City's finances, in a manner similar to a private-sector business.

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

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

The government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (government 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, community development, recreation and community services, and public works. The City has no business-type activities.

The Governmental Activities are presented on the accrual basis of accounting, a basis of accounting that differs from the modified accrual basis of accounting used in presenting governmental fund financial statements. Note 1 of the Notes to the Basic Financial Statements fully describe these bases of accounting.

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City of Los Alamitos
Management’s Discussion and Analysis
For the Year Ended June 30, 2024
-6-
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, like other 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 two categories:
governmental funds and proprietary funds.

Governmental funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements.

However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government's near-term financing requirements.

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.

The City maintains fifteen 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. Data from the other fifteen governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds are provided in the form of combining statements elsewhere in this report.

The City adopts an annual appropriated budget for its General Fund. A budgetary comparison schedule has been provided for the General Fund to demonstrate compliance with this budget.

Proprietary funds. Proprietary funds are used to account for activities where the City needs to show the full costs of providing the services, including depreciation. The City maintains seven internal service funds.

The City uses internal service funds to account for its self-insured insurance programs, fleet of vehicles, equipment, technology upgrades and replacements and other capital related activities.

Because these services benefit governmental functions, they have been included within governmental activities in the government-wide financial statements. Internal service funds are presented as proprietary funds because internal service funds follow the accrual basis of accounting.

Notes to the financial statements. The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

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City of Los Alamitos
Management’s Discussion and Analysis
For the Year Ended June 30, 2024
-7-
Combining statements. The combining statements referred to earlier in connection with nonmajor governmental funds are presented immediately following the notes.

Government-wide Financial Analysis
The tables below focus on the net position and changes in net position of the City's governmental activities.

Governmental Activities
2024 2023
Current and other assets 29,402,226 $ 28,476,201 $
Capital assets 26,231,544 22,556,719
Total assets 55,633,770 51,032,920
Deferred outflows of resources 11,371,719 13,079,352
Current liabilities 5,283,678 6,802,935
Noncurrent liabilities:

Long-term debt 4,011,952 4,022,074
Total pension liability 27,303,254 25,577,351
Total OPEB liability 6,032,116 5,307,449
Total liabilities 42,631,000 41,709,809
Deferred inflows of resources 3,283,092 4,912,541
Net position:

Net investment in capital assets 22,099,089 17,439,434
Restricted 2,434,219 1,949,699
Unrestricted (3,441,911) (1,899,211)
Total net position 21,091,397 $ 17,489,922 $
Net Position

CITY OF LOS ALAMITOS
The City’s assets and deferred outflows exceeded liabilities and deferred inflows by $21,091,397 as of June 30, 2024, an increase of $3,601,475 from June 30, 2023.

The largest portion of the City's net position reflects its investment in capital assets (i.e., land, buildings, machinery, equipment and infrastructure), net of any related debt that is still outstanding used to acquire those assets. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Unrestricted net position had a deficit balance of $3,441,911 million as of June 30, 2024, which relates to the City's net pension liability and OPEB liability.

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City of Los Alamitos
Management’s Discussion and Analysis
For the Year Ended June 30, 2024
-8-
The City has set-aside $3.1 million for its unfunded pension liability and $500,000 for its OPEB liability. However, funding commenced in FY 23/24 towards the unfunded pension liability since these funds are held in an irrevocable trust the net pension liability has been reduced to account for these funds that have been set aside. A condensed summary of activities for the period ended June 30, 2024, and the prior fiscal year is illustrated in the table below.

Governmental Activities
2024 2023
Revenues
Program revenues:

Charges for services 2,893,686 $ 2,493,433 $
Operating grants and contributions 1,824,455 1,071,181
Capital grants and contributions 374,517 263,947
General revenues:

Taxes:

Property taxes 5,301,333 5,067,346
Utility users tax 2,830,000 2,307,629
Transit occupancy tax 598,038 634,856
Sales taxes 9,631,764 10,718,253
Franchise fees 881,552 861,364
Business license tax 1,141,082 630,887
Other taxes 803,180 671,064
Investment income 1,243,392 (131,935)
Other 131,318 131,111
Total revenues 27,654,317 24,719,136
Expenses
General government 4,743,816 3,616,887
Public safety 10,882,280 8,823,526
Community development 2,608,160 2,121,209
Recreation and community services 3,266,933 2,808,658
Public works 2,360,372 3,333,005
Interest on long-term debt 191,281 226,933
Total expenditures 24,052,842 20,930,218
Change in net position 3,601,475 3,788,918
Net position, beginning, as restated 17,489,922 13,701,004 Net position, ending 21,091,397 $ 17,489,922 $

CITY OF LOS ALAMITOS
Changes in Net Position

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City of Los Alamitos
Management’s Discussion and Analysis
For the Year Ended June 30, 2024
-9-
Governmental Activities. Governmental activities increased the City's net position by $3,601,475 compared to a net increase of $3,788,918 in the prior year. Key elements of this year's activity in relation to the prior year are as follows:

Revenues
While variances between years exist for the various revenue categories, the total net increase was $2,935,181, which is largely attributable to the $2,407,893 increase in utility users tax, business license tax and investment income.

Expenses:

Although variances between years exist for the various expense functions, the total net increase was $3,122,624. Increased expenditures were recognized in General Government, Public Safety, interest, and Recreation and Community Services. The table below presents the cost of each of the City's six largest programs-general government, public safety, community development, recreation and community services, public works, and interest and fiscal charges as well as their respective program revenues.

The table below represents the cost of each of the City’s six largest programs – general government, public safety, community development, recreation and community services, public works, and interest and fiscal charges, as well as their respective program revenues. ‐
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
General government Public safety Community
development
Recreation and
community services
Public works Interest on long‐term
debt

CITY OF LOS ALAMITOS
Expenses and Program Revenues
2024 Expenses 2023 Expenses 2024 Program Revenues 2023 Program Revenues See the Statement of Activities for further detail on program revenues and general revenues.

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City of Los Alamitos
Management’s Discussion and Analysis
For the Year Ended June 30, 2024
-10-

FINANCIAL ANALYSIS OF THE CITY'S MAJOR FUNDS
The City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Governmental funds. The focus of the City's governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City's financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year.

As of the end of the current fiscal year, the City's governmental funds reported combined ending fund balance of $25,879,266, an increase of $3,497,075 (14%) from the prior fiscal year's balance.

Of this amount, $4,016,422 or 16% of fund balance is constrained by the City's intent to utilize fund balance for specific purposes, which is reported within the fund balance classification assigned. Additionally, $2,434,219 or 9% of fund balance is restricted, which represents the portion of fund balance that is subject to externally enforceable limitations by law, enabling legislation or limitations imposed by creditors or grantors.

The fund balance of the City's General Fund increased by $2,637,389 during the fiscal year compared to a $3,325,340 increase in the prior year. The increase in the current year is primarily attributable to the increase in investment income.

Other governmental funds realized an increase in fund balance of $859,686. While variances between years exist for the various nonmajor governmental funds, the net increase was primarily attributable to a increase in funding for Measure M and State Gas Tax, in other restricted amounts.

General Fund Budgetary Highlights
Actual revenues were $2,478,507 more than the final budgeted amount, which is primarily due to increased taxes, intergovernmental and investment earnings. The expenditures for the General Fund at fiscal year-end were $336,024 less than the final budgeted expenditures, which is primarily due to a decrease in Community Development resulting from vacant positions.

No budget amendments were made during the fiscal year.

CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets. At the end of Fiscal Year 2023-24, the City had $26.2 million invested in capital assets, including land, buildings, infrastructure, equipment, and right-to-use assets. This amount represents a net increase of $3,674,825, which is primarily due to increases in vehicles, infrastructure, and construction in progress.

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City of Los Alamitos
Management’s Discussion and Analysis
For the Year Ended June 30, 2024
-11-
Governmental Activities
2024 2023
Land 5,917,715 $ 5,917,715 $
Buildings and improvements 759,937 711,235
Right-to-use assets - buildings 222,306 176,500
Infrastructure 13,711,675 13,235,463
Equipment 1,213,627 420,056
Right-to-use assets - equipment 143,995 -
Vehicles 280,131 189,777
Right-to-use assets - vehicles 347,656 309,811
Construction in progress 3,634,502 1,596,162
Totals 26,231,544 $ 22,556,719 $

CITY OF LOS ALAMITOS
City of Los Alamitos Capital Assets Net of Depreciation More detail on the City’s capital assets can be found in Note 5 to the financial statements of this report.

Long-term liabilities. At the end of fiscal year 2023-24, the City had $4.7 million in long-term liabilities which includes outstanding bond indebtedness of $3.2 million along with leases payable, claims payable and compensated absences. The net decrease of $1,217,692 over the prior year is primarily due to a net decrease in claims payable.

Governmental Activities
2024 2023
2015 Certificates of participation 3,171,417 $ 3,260,769 $ Leases payable - police vehicles 382,407 329,542
Leases payable - warehouse 229,558 189,632
Leases payable - cameras 127,070 -
Claims payable 167,920 1,623,789
Compensated absences 614,673 507,005
Total liabilities 4,693,045 $ 5,910,737 $

CITY OF LOS ALAMITOS
City of Los Alamitos Long-Term Liabilities
More detail on the City’s long-term debt can be found in Notes, 6, 7 and 11 to the financial statements of this report.

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City of Los Alamitos
Management’s Discussion and Analysis
For the Year Ended June 30, 2024
-12-

ECONOMIC FACTORS AND NEXT YEAR'S BUDGET
A conservative approach was used in preparing this year’s biennial budget, which included information gathered from various sources, including HdL, Beacon Economics, and the U.S.

Treasury. According to economists at UCLA School of Management, the forecast is for slow growth for the next few years, tempered by inflation and additional interest rate moves by the U.S.

Treasury. Other factors remain in play, including the presidential election in November and largerscale ongoing geopolitical risks.

On May 20, 2024, the 2024-25 City Budget was adopted. The annual operating budget is balanced, with operating revenues of $24,056,833 and operating expenditures of $20,367,325, resulting in an estimated surplus of $930,783. The City Council reviews its Fund Balance Policy once the books have been closed for the prior year. The current reserve includes $3,100,000 for CalPERS reserves and $500,000 for other post-employment benefits (OPEB).

CONTACTING THE CITY'S FINANCIAL MANAGEMENT
This financial report is designed to provide the City of Los Alamitos citizens, taxpayers, customers, investors, and creditors with a general overview of the City's finances and to illustrate the City's accountability for the money it receives. If you have questions about this report or need additional financial information, contact the City's Finance Department at the City of Los Alamitos, 3191 Katella Avenue, Los Alamitos, California, 90720, (562) 431-3538.

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BASIC FINANCIAL STATEMENTS

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GOVERNMENT-WIDE

FINANCIAL STATEMENTS

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City of Los Alamitos
Statement of Net Position
June 30, 2024
The accompanying notes are an integral part of these financial statements. -13-
Governmental
Activities
ASSETS
Current assets:

Cash and investments (Note 3) 24,281,518 $
Receivables
Accounts 1,636,073
Due from employees 4,260
Due from other governments 3,422,960
Prepaid costs 57,166
Cash and investments - restricted (Note 3) 249
Total Current Assets 29,402,226
Noncurrent assets:

Capital assets: (Note 5)
Non-depreciable 9,552,217
Depreciable, net 16,679,327
Total Capital Assets 26,231,544
Total Noncurrent Assets 26,231,544
Total Assets 55,633,770

DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding 84,863
Pension related (Note 8) 9,358,378
OPEB related (Note 9) 1,928,478
Total Deferred Outflows of Resources 11,371,719

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City of Los Alamitos
Statement of Net Position, (Continued)
June 30, 2024
The accompanying notes are an integral part of these financial statements. -14-
Governmental
Activities

LIABILITIES
Current liabilities:

Accounts payable $ 1,814,834
Accrued liabilities 713,288
Accrued interest 31,046
Unearned revenue 1,694,943
Deposits payable 75,844
Compensated absences, due within one year (Note 6) 240,283 Bonds payable, due within one year (Note 7) 90,000
Leases payable, due within one year (Note 7) 277,851
Claims payable, due within one year (Note 11) 72,959
Total OPEB liability, due within one year (Note 9) 272,630 Total Current Liabilities 5,283,678
Noncurrent liabilities:

Compensated absences (Note 6) 374,390
Bonds payable (Note 7) 3,081,417
Leases payable (Note 7) 461,184
Claims payable (Note 11) 94,961
Net pension liability (Note 8) 27,303,254
Total OPEB liability (Note 9) 6,032,116
Total Noncurrrent Liabilities 37,347,322
Total Liabilities 42,631,000

DEFERRED INFLOWS OF RESOURCES
Pension related (Note 8) 1,643,252
OPEB related (Note 9) 1, 639,840
Total Deferred Inflows of Resources 3,283,092

NET POSITION
Net investment in capital assets 22,099,089
Restricted for:

Transportation 873,520
Cable television 57,232
Public safety 550,771
Air quality 187,518
Parks 765,178
Total Restricted 2,434,219
Unrestricted (deficit) (3,441,911)
Total Net Position 21,091,397 $

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City of Los Alamitos
Statement of Activities
For the Year Ended June 30, 2024
The accompanying notes are an integral part of these financial statements. -15-
Program Revenues
Operating Capital Total
Charges for Grants and Grants and Program
Functions/Programs Expenses Services Contributions Contributions Revenue Governmental activities:

General government 4,743,816 $ 1,829,079 $ 208,969 $ - $ 2,038,048 $ Public safety 10,882,280 604,453 1,206,567 - 1,811,020
Community development 2,608,160 - - - -
Recreation and community services 3,266,933 460,154 - - 460,154 Public works 2,360,372 - 408,919 374,517 783,436
Interest on long-term debt 191,281 - - - -
Total Governmental Activities 24,052,842 $ 2,893,686 $ 1,824,455 $ 374,517 $ 5,092,658 $

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City of Los Alamitos
Statement of Activities, (Continued)
For the Year Ended June 30, 2024
The accompanying note are an integral part of these financial statements. -16-
Net (Expense)
Revenue and
Changes in
Functions/Programs Net Position
Governmental activities:

General government (2,705,768) $
Public safety (9,071,260)
Community development (2,608,160)
Recreation and community services (2,806,779)
Public works (1,576,936)
Interest on long-term debt (191,281)
Total Governmental Activities (18,960,184)
General revenues:

Taxes:

Property taxes, levied for general purpose 5,301,333
Utility users tax 2,830,000
Transient occupancy tax 598,038
Sales taxes 9,631,764
Franchise fees 881,552
Business license taxes 1,141,082
Other taxes 803,180
Total Taxes 21,186,949
Investment earnings 1,243,392
Other 131,318
Total General Revenues 22,561,659
Change in Net Position 3,601,475
Net Position, Beginning of Year 17,489,922
Net Position, End of Year 21,091,397 $

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FUND FINANCIAL STATEMENTS
Governmental Fund Financial Statements
Proprietary Fund Financial Statements

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GOVERNMENTAL FUND

FINANCIAL STATEMENTS
The Governmental Funds of the City are as follows:

General Fund - The General Fund accounts for all revenues and expenditures used to finance the traditional services associated with a municipal government which are not accounted for in the other funds. These services include general government, safety, community development, recreation and community services, and public works.

Nonmajor Governmental Funds – Nonmajor Governmental Funds is the aggregate of all the Nonmajor Governmental Funds.

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City of Los Alamitos
Balance Sheet
Governmental Funds
June 30, 2024
The accompanying notes are an integral part of these financial statements. -17-
Nonmajor Total
Governmental Governmental
General Funds Funds
ASSETS
Cash and investments (Note 3) 20,941,678 $ 3,282,480 $ 24,224,158 $ Receivables:

Accounts 122,991 - 122,991
Due from employees 4,260 - 4,260
Due from other governments 3,113,699 309,261 3,422,960
Prepaid costs 57,166 - 57,166
Due from other funds 2,250,198 - 2,250,198
Cash and investments - restricted (Note 3) - 249 249
Total Assets 26,489,992 $ 3,591,990 $ 30,081,982 $

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable 1,442,226 $ 66,415 $ 1,508,641 $
Accrued liabilities 713,288 - 713,288
Unearned revenues 1,558,164 136,779 1,694,943
Deposits payable 65,565 10,279 75,844
Due to other funds - 210,000 210,000
Total Liabilities 3,779,243 423,473 4,202,716
Fund Balances: (Note 13)
Nonspendable 61,426 - 61,426
Restricted - 2,434,219 2,434,219
Committed 1,582,719 432,058 2,014,777
Assigned 3,600,000 416,422 4,016,422
Unassigned (deficit) 17,466,604 (114,182) 17,352,422
Total Fund Balances 22,710,749 3,168,517 25,879,266
Total Liabilities and Fund Balances 26,489,992 $ 3,591,990 $ 30,081,982 $

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City of Los Alamitos
Reconciliation of the Governmental Funds Balance Sheet to the Government-wide Statement of Net Position
June 30, 2024
The accompanying notes are an integral part of these financial statements. -18-
Total fund balances - governmental funds 25,879,266 $
Nondepreciable 9,552,217 $
Depreciable, net of Internal Service Fund of $1,441,305 15,238,022 Total Capital Assets 24,790,239
(13,320)
Bonds payable (3,075,000)
Interest payable, net of Internal Service Fund of $1,279 (29,767) Unamortized bond premium (96,417)
Leases payable - warehouse (229,558)
Deferred charge on refunding 84,863
Compensated absences (614,673) (3,960,552)
Pension related deferred outflows of resources 9,358,378 Pension related deferred inflows of resources (1,643,252) 7,715,126 (27,303,254)
OPEB related deferred outflows of resources 1,928,478
OPEB related deferred inflows of resources (1,639,840) 288,638 (6,304,746)
Net Position of Governmental Activities 21,091,397 $
Total pension liability is not due and payable in the current period and therefore is not reported in the governmental funds.

Total OPEB liability is not due and payable in the current period and therefore is not reported in the governmental funds.

Amounts reported for governmental activities in the Statement of Net Position are different because:

Deferred amounts relates to pension not available for current expenditures and are not reported in the governmental fund financial statements:

Deferred amounts relates to other postemployment benefits not available for current expenditures and are not reported in the governmental fund financial statements:

Capital assets used in governmental activities were not current financial resources.

Therefore, they were not reported in the Governmental Funds Balance Sheet.

Internal Service Funds are used by management to charge garage costs; technology replacement costs; police capital expenditures; facilities, street, parks, and pool capital expenditures; and self-insurance costs to individual funds. The assets and liabilities of the Internal Service Funds were included in the governmental activities in the Government-wide Statement of Net Position.

Total Internal Service Funds
Long-term liabilities 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:

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City of Los Alamitos
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2024
The accompanying notes are an integral part of these financial statements. -19-
Nonmajor Total
Governmental Governmental
General Funds Funds

REVENUES
Taxes 20,694,766 $ 824,183 $ 21,518,949 $
Licenses and permits 816,290 - 816,290
Intergovernmental 869,653 559,749 1,429,402
Charges for services 765,092 - 765,092
Investment earnings 1,164,765 78,627 1,243,392
Fines and forfeitures 752,508 23,458 775,966
Program revenues - 357,601 357,601
Miscellaneous 735,099 12,526 747,625
Total Revenues 25,798,173 1,856,144 27,654,317

EXPENDITURES
Current:

General government 4,128,045 27,690 4,155,735
Public safety 8,454,827 - 8,454,827
Community development 2,256,980 - 2,256,980
Recreation and community services 2,706,043 - 2,706,043 Public works 3,800,026 82 3,800,108
Capital outlay 1,019,363 752,668 1,772,031
Debt service:

Principal 129,002 85,000 214,002
Interest and fiscal charges 14,998 122,518 137,516
Total Expenditures 22,509,284 987,958 23,497,242
Revenues Over (Under) Expenditures 3,288,889 868,186 4,157,075

OTHER FINANCING SOURCES (USES)
Transfers in (Note 4) 370,000 361,500 731,500
Transfers out (Note 4) (1,021,500) (370,000) (1,391,500) Total Other Financing Sources (Uses) (651,500) (8,500) (660,000) Net Change in Fund Balances 2,637,389 859,686 3,497,075 Fund Balances, Beginning of Year 20,073,360 2,308,831 22,382,191 Fund Balances, End of Year 22,710,749 $ 3,168,517 $ 25,879,266 $

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City of Los Alamitos
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balance to the Government-wide Statement of Net Activities For the Year Ended June 30, 2024
The accompanying notes are an integral part of these financial statements. -20-
Net Change in Fund Balances - Total Governmental Funds 3,497,075 $ Total capital outlay expenditures reported in governmental funds 1,772,031 $ Plus: repair and maintenance expenditures capitalized 1,885,182 Total Capital Outlay 3,657,213
Total depreciation reported in Government-wide Statement of Activities (876,594) Less: depreciation reported in the Internal Service Fund 257,090 (619,504)
(2,210,939)
(263,555)
(107,668)
214,002
32,660
3,801
1,063
(602,673)
Change in Net Position of Governmental Activities 3,601,475 $ Governmental Funds report capital outlay as expenditures. However, in the Government-wide Statement of Activities, the costs of those assets is allocated over their estimated useful lives as depreciation expense. The amount of capital assets recorded in the current period is listed below.

Capital assets used in governmental activities were not current financial resources. Therefore, they were not reported in the Governmental Funds Balance Sheet.

Depreciation expense of capital assets is reported in the Government-wide Statement of Activities, but they do not require the use of current financial resources. Therefore, depreciation expense is not reported as expenditures in the governmental funds except for the Internal Service fund amount listed below.

Total
Certain other post-employment benefit 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.

Internal Service Funds are used by management to charge garage costs; technology replacement Accrued interest for long term liabilities. This is the net change in accrued interest for the current period
Governmental activities in the Statement of Activities were reported differently because:

Certain pension 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.

Amortization of deferred charge on refunding and bond premium do not use current financial resources and therefore not reported as expenditures in the governmental funds.

Compensated absences were reported in the Government-wide Statement of Activities, but they did not require the use of current financial resources. Therefore, compensated absences were not reported as expenditures in the governmental funds.

The issuance of long-term debt provides current financial resources to governmental funds.

However, the repayment reduces long-term liabilities in the governmental activities Statement of Net Position.

Change in estimate of lease liability and related right-to-use asset

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PROPRIETARY FUND

FINANCIAL STATEMENTS
Internal Service Funds - To account for the costs associated with the City's insurance, for funding equipment replacement, and fleet maintenance.

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City of Los Alamitos
Statement of Net Position
Proprietary Funds
June 30, 2024
The accompanying notes are an integral part of these financial statements. -21-
Governmental
Activities
Internal
Service Funds
ASSETS
Current Assets:

Cash and investments (Note 3) 57,360 $
Accounts receivable 1,513,082
Total Current Assets 1,570,442
Noncurrent Assets:

Capital assets - net of accumulated depreciation (Note 5) 1,441,305 Total Noncurrent Assets 1,441,305
Total Assets 3,011,747

LIABILITIES
Current Liabilities:

Accounts payable 306,193
Accrued interest 1,279
Due to other funds 2,040,198
Claims and judgements 72,959
Leases payable (Note 7) 142,249
Total Current Liabilities 2,562,878
Long-term Liabilities:

Claims and judgements 94,961
Leases payable (Note 7) 367,228
Total Long-term Liabilities 462,189
Total Liabilities 3,025,067

NET POSITION (DEFICIT)
Net investment in capital assets 931,828
Unrestricted (945,148)
Total Net Position (13,320) $

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City of Los Alamitos
Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds
For the Year Ended June 30, 2024
The accompanying notes are an integral part of these financial statements. -22-
Governmental
Activities
Internal
Service Funds

OPERATING REVENUES
Charges for services
Garage 373,510 $
Technology replacement 190,000
Miscellaneous 622,557
Total Operating Revenues 1,186,067

OPERATING EXPENSES
Supplies and materials 433,926
Outside services 1,699,095
Depreciation 257,090
Total Operating Expenses 2,390,111
Operating Income (Loss) (1,204,044)

NON-OPERATING REVENUES (EXPENSES)
Interest expense (58,629)
Total Non-Operating Revenues (Expenses) (58,629)
Income (Loss) Before Transfers (1,262,673)

TRANSFERS
Transfers in (Note 4) 660,000
Total Transfers 660,000
Change in Net Position (602,673)
Net Position, Beginning of Year 589,353
Net Position, End of Year (13,320) $

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City of Los Alamitos
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2024
The accompanying notes are an integral part of these financial statements. -23-
Governmental
Activities
Internal
Service Funds

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from interfund charges for garage services 373,510 $ Receipts from interfund charges for technology replacement services 190,000 Payments to suppliers and service providers (3,412,760) Cash received from (payments to) others (890,525)
Net Cash Used for Operating Activities (3,739,775)

CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES
Transfers in 660,000
Net borrowings (repayments) to other funds 2,040,198
Net Cash Provided by Non-Capital Financing Activities 2,700,198

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition and construction of capital assets (401,572) Principal paid on capital debt (111,111)
Interest paid on capital debt (58,629)
Net Cash Used for Capital and Related Financing Activities (571,312) Net decrease in cash and cash equivalents (1,610,889)
Cash and equivalents, beginning of year 1,668,249
Cash and equivalents, end of year 57,360 $

RECONCILIATION OF OPERATING LOSS TO NET CASH

USED FOR OPERATING ACTIVITIES
Operating loss (1,204,044) $
Adjustments to reconcile operating loss to net cash
provided by (used for) operating activities:

Depreciation 257,090
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable (1,513,082)
Increase (decrease) in accounts payable 176,130
Increase (decrease) in claims and judgements (1,455,869) Total Adjustments (2,535,731)
Net Cash Used for Operating Activities (3,739,775) $

NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES
Lease liability $ 291,046
Lease acquisition (291,046)

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NOTES TO THE BASIC

FINANCIAL STATEMENTS

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-24-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The basic financial statements of the City of Los Alamitos, California, (the “City”) have been prepared in conformity with accounting principles generally accepted in the United States (“U.S.

GAAP”) as applied to governmental agencies. The Governmental Accounting Standards Board (“GASB”) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The following is a summary of the City’s significant policies:

A) Financial Reporting Entity
The City was incorporated on March 1, 1960. The Charter of the City of Los Alamitos was adopted by a vote of the people in September 1966, and the City enjoys all rights and privileges pertaining to such “Charter Law” cities.

The financial statements include the financial activities of the City, the primary government, and its blended component unit, the Los Alamitos Public Financing Corporation (the Corporation). The component unit, discussed below, is included in the City’s reporting entity because of the significance of its operational and financial relationship with the City. This entity is legally separate from the City. However, the City’s elected officials have continuing accountability for fiscal matters of this entity.

An organization is fiscally dependent on the primary government if it is unable to adopt its budget, levy taxes or set rates or charges, or issue bonded debt without approval by the primary government. In a blended presentation, a component unit’s balances and transactions are reported in a manner similar to the balances and transactions of the City. Component units are presented on a blended basis when the component unit’s governing body is substantially the same as the City’s or the component unit provides services almost entirely to the City.

Management determined that the following entities should be reported as blended component units based on the criteria above. Each blended component unit has a June 30 year-end, has a governing board that is substantially the same as the City’s, there is a financial benefit or burden relationship between the City and the blended component unit, and the City is financially accountable for each of the blended component units.

The Los Alamitos Public Facilities Corporation – The Corporation was formed February 6, 2006, pursuant to the Non-Profit Corporation Law of the State of California for the purpose of assisting the City in financing the acquisition, construction, and improvement for public benefit within the City limits. The Corporation is governed by a five-member board that is the City Council of the City of Los Alamitos. Separate financial statements are not prepared.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-25-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) B) Basis of Accounting and Measurement Focus
The City’s basic financial statements consist of government-wide statements, including the Statement of Net Position and the Statement of Activities, and fund financial statements, which provide a more detailed level of financial information.

Government-Wide Financial Statements
The Statement of Net Position and the Statement of Activities display information about the City as a whole. These statements include the financial activities of the City and the Corporation. Certain eliminations have been made as prescribed by GASB Statement No. 34 in regard to interfund activities, payables, and receivables.

The Statement of Net Position presents the financial position of the governmental activities of the City and its component unit and the Statement of Activities reports expenses of each specific governmental function, offset by program revenues attributable to each functional program. A function is an assembly of similar activities and may include portions of a fund or summarize more than one fund to capture the expenses and program revenues associated with a distinct functional activity.

Program revenues that are attributable to functional programs are separated into three categories:
 Charges for services
 Operating grants and contributions
 Capital grants and contributions
Charges for services report fees and other charges to users of the City’s services, operating grants, and contributions finance annual operating activities and can include restricted investment income, and capital grants and contributions fund the acquisition, construction, or rehabilitation of capital assets. These revenues are subject to externally imposed restriction to these program uses. Other revenues sources not included with program revenues are reported as general revenues of the City. These can include taxes or unrestricted investment income.

Fund Financial Statements
The accounts of the City are organized on the basis of funds, each of which is considered 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, liabilities, deferred inflows, fund equity, revenues, and expenditures or expenses as appropriate. The City uses two categories of funds: governmental and proprietary.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-26-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) B) Basis of Accounting and Measurement Focus, (Continued) The City segregates transactions related to certain City functions or activities in separate funds in order to aid financial management and to demonstrate legal compliance. Fund financial statements are designed to present financial information of the City at a more detailed level. Individual governmental fund identified as being Major, as prescribed by governmental accounting standards or by Management of the City, are reported in separate columns on the financial statements.

Governmental Funds
Governmental funds are those through which most governmental functions typically are financed. Governmental fund reporting focuses on the sources, uses, and balance of the current financial resources. Expendable assets are assigned to the various governmental funds according to the purpose for which they may or must be used. Fund liabilities are assigned to the fund from which they will be liquidated. The City reports the difference between its governmental fund assets and its liabilities and deferred inflows of resources as fund balance.

Governmental fund financial statements include a Balance Sheet and a Statement of Revenues, Expenditures, and Changes in Fund Balances for all major governmental funds and other governmental funds aggregated. Accompanying reconciliations are presented to explain the differences in fund balance as presented in these statements to the net position presented in the government-wide financial statements.

The funds designated as major funds are determined by a mathematical calculation consistent with GASB Statement No. 34 or are elected by Management of the City based on Management’s belief that the presentation of the funds are particularly important to financial statement users for reasons including public interest or consistency of reporting. The City reports the following major governmental funds:
 The General Fund is used to account for all of the general operations and other financial transactions of the City, which are not accounted for by another fund.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-27-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) B) Basis of Accounting and Measurement Focus, (Continued) Additionally, the City reports the following fund types:
 The Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than for debt service or capital projects) that are restricted by law or administrative action or committed to expenditures for specified purposes.  The Capital Projects Funds are used to account for and report financial resources that are restricted, committed, or assigned for the acquisition or construction of major capital facilities, other than those financed by Internal Service Funds.  The Debt Service Fund is used to account for and report financial resources that are restricted, committed, or assigned for the payment of, long-term debt principal, interest, and related costs for the 2006 Certificates of Participation (Laurel Park Acquisition).

Proprietary Funds
Proprietary funds are used to account for ongoing organizations and activities, which are operated and financed in a manner similar to those found in the private sector. The reporting focus on the determination of operating income, changes in net position, financial position, and cash flows. The City’s proprietary funds are classified as internal service funds.  The Internal Service Funds are used to account for interdepartmental operations where it is the stated intent that costs of providing services to the departments of the City on a continuing basis be financed or recovered primarily by charges to the user departments. The City’s internal service funds are used to account for its self-insured insurance programs, fleet of vehicles, equipment, technology upgrades, and replacements and other capital related activities.

Government-Wide Financial Statements
The government-wide financial statements are presented on an “economic resources” measurement focus and the accrual basis of accounting. Accordingly, all the City’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources, including capital assets, infrastructure assets, and long-term liabilities, are included in the accompanying Statement of Net Position. The Statement of Activities presents changes in net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred. All internal balances and transactions have been eliminated from their respective statements to avoid over reporting relating assets, liabilities, revenues, and expenses, except for internal service fund charges provided and used.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-28-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) B) Basis of Accounting and Measurement Focus, (Continued) Financial Statements
All governmental funds are accounted for on a spending or “current financial resources” measurement focus and the modified accrual basis of accounting. Accordingly, only current assets and current liabilities are included on the Balance Sheet. The Statement of Revenues, Expenditures, and Changes in Fund Balances present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current position. Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the current period.

Like the government-wide statements, all proprietary funds are accounted for using the “economic resources” measurement focus and the accrual basis of accounting. Accordingly, all assets and liabilities (whether current or noncurrent) are included on the Statement of Net Position. The Statement of Revenues, Expenses, and Changes in Net Position present increases (revenues) and decreases (expenses) in total net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred.

Basis of Accounting
Basis of accounting determines when transactions are recorded in the financial records and reported on the financial statements. Government-wide financial statements are prepared using the accrual basis of accounting. At the fund reporting level, the governmental funds use the modified accrual basis of accounting. Proprietary funds use the accrual basis of accounting at both reporting levels. Differences in the accrual and the modified accrual basis of accounting arise in the recognition of revenue, the recording of deferred inflows of resources, and in the presentation of expenses versus expenditures.

Revenue – Exchange Transactions
Revenue resulting from exchange transactions, in which each party gives and receives essentially equal value, is recorded on the accrual basis when the exchange takes place. On the modified accrual basis, revenue is recorded when the exchange takes place and in the fiscal year in which the resources are measurable and become available. Available means that the resources will be collected within the current fiscal year or are expected to be collected soon enough thereafter to be used to pay liabilities of the current fiscal year. For the City, the availability is defined within 60 days of year-end.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-29-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) B) Basis of Accounting and Measurement Focus, (Continued) Revenue – Non-Exchange Transactions
Non-exchange transactions in which the City receives value without directly giving equal value in return, includes sales taxes, property taxes, grants and donations. On an accrual basis, revenue from sales taxes is recognized in the period in which the taxable sale takes place.

Revenue from property taxes is recognized in the fiscal year for which the taxes are levied.

Revenue from grants and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. Eligibility requirements include timing requirements, which specify the year when the resources are required to be used or the year when use is first permitted, matching requirements, in which the City must provide local resources to be used for a specified purpose, and expenditure requirements, in which the resources are provided to the City on a reimbursement basis. Major revenue sources susceptible to accrual include property tax, sales tax, utility users tax, franchise Tax, and licenses. On a modified accrual basis, revenue from non-exchange transaction also must be available (generally 60 days after year-end) before it can be recognized in the governmental funds. However, the City has adopted a 12-month recognition period for grant revenues.

Unavailable Revenue
Unavailable revenue, presented under deferred inflows of resources, arise when potential revenues do not meet both the measurable and available criteria for recognition in the current period. In subsequent periods when both revenue recognition criteria are met, the deferred inflow is removed from the balance sheet and revenue is recognized.

Unearned Revenue
Unearned revenue arises when assets are recognized before revenue recognition criteria listed above have been satisfied. In subsequent periods when the government has a legal claim to the resources, the unearned revenue is removed from the balance sheet and revenue is recognized.

Expenses/Expenditures
On the accrual basis of accounting, expenses are recognized at the time they are incurred.

On the modified accrual basis, expenditures generally are recognized in the accounting period in which the related fund liability is incurred and due, if measurable.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-30-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) B) Basis of Accounting and Measurement Focus, (Continued) Proprietary Funds Operating and Non-Operating Revenues and Expenses Proprietary funds distinguish operating revenues and expenses from non-operating 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.

Operating expenses for internal service 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 non-operating revenues and expenses.

C) Cash, Cash Equivalents, and Investments
Cash Management
The City pools cash resources of its various funds to facilitate cash management. Cash in excess of current requirements is invested and reported as investments. It is the City’s intent to hold investments until maturity. However, the City may, in response to market conditions, sell investments prior to maturity in order to improve the quality, liquidity or yield of the portfolio. Interest earnings are apportioned among funds based on ending accounting period cash and investment balances.

Investments Valuation
In accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools, highly liquid market investments with maturities of one year or less at time of purchase are stated at amortized cost. All other investments are stated at fair value. Market value is used as fair value for those securities for which market quotations are readily available.

State Investment Pool
The City participates in the Local Agency Investment Fund (LAIF), an investment pool managed by the State of California. LAIF has invested a portion of the pool funds in structured notes and asset-backed securities. LAIF’s investments are subject to credit risk with the full faith and credit of the State of California collateralizing these investments. In addition, these structured notes and asset-backed securities are subject to market risk as a result of changes in interest rates.

Cash Equivalents and Cash Flows
For purposes of the statement of cash flows, the City considered all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. All cash and investments of the proprietary fund types are pooled with the City's pooled cash and investments.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-31-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) D) Internal Receivable and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either “due to/from other funds” (i.e. the current portion of interfund loans) or “interfund advances receivable/payable” (i.e. the non-current portion of interfund loans). All other outstanding balances between funds are reported as “due to/from other funds.” Advances between funds, as reported in the fund financial statements, are presented as nonspendable in fund balances to indicate that they are not in a spendable form.

E) Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items. The cost of prepaid items is recorded as an expenditure/expense when consumed.

F) Capital Assets
Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks and similar items), are reported in the applicable governmental activities column in the government-wide financial statements. Capital assets are defined by the City as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years, except for computer software and hardware and infrastructure assets which have a capitalization threshold of $20,000. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed (except for intangible right-to-use assts), the measurement of which is discussed thereafter. Donated capital assets are recorded at acquisition value at the date of acquisition. As permitted under GASB Statement No. 34 for small governmental entities, the City has elected to report infrastructure assets prospectively beginning July 1, 2003.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized.

Property, plant, and equipment of the primary government, as well as the component unit, are depreciated using the straight-line method over the following estimated useful lives:

Capital Asset Classes Lives
Equipment 5-10 years
Vehicles 4-15 years
Furniture 7 years
Buildings 50 years
Improvements 5-20 years
Infrastructure 50 years

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-32-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) G) Compensated Absences Payable
Under certain circumstances and according to the negotiated labor agreements, employees of the City are allowed to accumulate annual leave. This amount is accrued in the governmentwide and proprietary fund statements. Refer to Note 6 for additional information.

H) Long-Term Obligations
In the government-wide financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities.

In accordance with GASB Statement No. 65, Items Previously Reported as Assets and Liabilities, debt issuance costs except for any portion related to prepaid insurance are recognized as expense in the period incurred.

I) Claims and Judgments
The City records a liability for claims, judgments, and litigation when it is probable that an asset has been impaired, or a liability has been incurred prior to fiscal year-end and the probable amount of loss (net of any insurance coverage) can be reasonably estimated.

The City is exposed to various risks of losses related to torts; theft of, damages to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The City currently reports all of its risk management activities in its General Fund. Claims expenditures and liabilities are reported when it is probable that a loss has occurred, and the amount of the loss can be reasonably estimated. These losses include an estimate of claims that have been incurred, but not reported.

It is the City’s policy to liquidate claims and judgments existing at June 30, with future resources. Accordingly, the liabilities are recorded in the Statement of Net Position. These noncurrent amounts will be recorded as fund expenditures in the fiscal year in which they are paid or become due on demand.

J) Deferred Outflows and Inflows of Resources
In addition to assets, the statements of net position and the governmental funds balance sheet 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 a future period(s) and so will not be recognized as an outflow of resources (expense/ expenditure) until then. The City has two items which qualify for reporting in this category.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-33-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) J) Deferred Outflows and Inflows of Resources, (Continued) Deferred pension related items relate to the net pension obligation reported in the statement of net position. These outflows are the results of contributions made after the measurement date, which are recognized in the following year, and consist of adjustments due to differences in proportions, changes in assumptions, and differences between expected and actual experiences, which are deferred and amortized over the expected average remaining lifetime.

Additionally, the net difference between projected and actual earnings on pension plan investments is reported and amortized over 5 years. Deferred outflows from changes in net pension liability arise only under a full accrual basis of accounting and are reported in the government-wide Statement of Net Position and proprietary funds Statement of Net Position.

The City also reports a deferred charge on refunding which results from the difference in the carrying value of the refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunded or refunding debt.

In addition to liabilities, the statements 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 a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The City has two items which qualifies for reporting in this category.

The first item is in relation to the net pension obligation reported in the statement of net position. These inflows are the results of changes of assumptions, differences between expected and actual experiences, adjustments due to differences in proportions, and differences between proportionate share of contributions and actual contributions. Inflows from changes in net pension liability arise only under a full accrual basis of accounting and are reported in the government-wide Statement of Net Position and proprietary funds Statement of Net Position.

The City also reports one type of item, which arises only under the modified accrual basis of accounting, that qualifies for reporting in this category. Accordingly, the item, unavailable revenue, is reported only in the governmental funds’ balance sheet. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available.

K) Net Position
Net position is the excess of all the City’s assets over all its liabilities, regardless of fund. Net position is divided into three captions under GASB Statement No. 34. These captions apply only to net position, which is determined only at the government-wide level, and are described below:

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-34-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) K) Net Position, (Continued)
 Net Investment in Capital Assets – the portion of net position that is represented by the current net book value of the City’s capital assets, less the outstanding balance of any debt issued to finance these assets.
 Restricted – the portion of net position that is restricted as to use by the terms and conditions of agreements with outside parties, governmental regulations, laws or other restrictions, which the City cannot unilaterally alter. These principally include funds restricted to community development projects purposes and funds for use in building improvements and governmental grants.
 Unrestricted – the portion of net position that is not restricted as to use.

L) Net Position Flow Assumptions
Sometimes the City will fund outlays for a particular purpose from 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 in the government-wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the City’s policy to consider restricted – net position to have been depleted before unrestricted – net position is applied.

M) Fund Balance
In the fund financial statements, governmental funds report fund balance as nonspendable, restricted, committed, assigned, or unassigned based primarily on the extent to which the City is bound to honor constraints on how specific amounts can be spent.  Nonspendable – the portion of a fund balance that includes amounts that cannot be spent because they are either not in a spendable form, such as prepaid items, inventories, or loans receivable.
 Restricted – the portion of a fund balance that reflects constraints placed on the use of resources (other than non-spendable items) that are either (a) externally imposed by creditors (such as through debt covenants, grantors, contributors, or laws or regulations of other governments) or (b) imposed by law through constitutional provisions or enabling legislation. Examples of restricted fund balances include State Gas Tax, Asset Seizure, and Measure M funds.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-35-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) M) Fund Balance, (Continued)
 Committed – the portion of a fund balance that included amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the government’s highest level of decision- making authority and remain binding unless removed in the same manner.
o The City Council, as the City’s highest level of decision-making authority, may commit fund balance for specific purposes pursuant to constraints imposed by formal actions taken, such as a resolution.
o These committed amounts cannot be used for any other purpose unless the City Council removes or changes the specified use through the same type of formal action taken to establish the commitment.
o City Council action to commit fund balance needs to occur within the fiscal reporting periods; however, the amount can be determined subsequently.  Assigned – amounts that are constrained by the City’s intent to be used for specific purposes, but are neither Restricted nor Committed, should be reported as Assigned fund balance. This policy hereby delegated the authority to assign amounts to be used for specific purposes to the City Manager for the purpose of reporting these amounts in the City’s annual financial statements. Examples of assigned fund balance are funds intended for Capital Improvement Projects and Equipment Replacement.  Unassigned – residual net resources in excess of what can properly be classified in one of the other four categories and do not have any specific spending limitations. The General Fund is the only fund that reports a positive unassigned fund balance amount.

In governmental funds, other than the General Fund, if expenditures incurred for specific purposes exceed the amounts that are restricted, committed, or assigned to those purposes, the City reports a negative unassigned fund balance in that fund.

In July 2017, City Council established a Reserve for Emergencies to be maintained at 25% of General Fund appropriations. The reserve is only to be used, with Council approval, in the case of a declared natural disaster or financial emergency. A financial emergency is considered when annual revenues decrease by 5% or more or when annual expenditures increase by 5% or more.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-36-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) N) Fund Balance Flow Assumptions
Sometimes the City will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the City's policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last.

O) Pensions
For purposes of measuring the net pension liability, deferred outflows and inflows of resources related to pensions, and pension expense, information about the pension plans fiduciary net positions and additions to/deductions from the pension plans fiduciary net positions have been determined on the same basis as they are reported by the CalPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value.

GASB 68 requires that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used.

Valuation Date (VD) June 30, 2022
Measurement Date (MD) June 30, 2023
Measurement Period (MP) June 30, 2022 to June 30, 2023
P) Other Post-Employment Benefits (OPEB)
For purposes of measuring the other post-employment benefits (OPEB) liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense have been determined by an independent actuary. For this purpose, benefit payments are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value.

Generally accepted accounting principles require that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used:

Valuation Date (VD) June 30, 2024
Measurement Date (MD) June 30, 2024
Measurement Period (MP) June 30, 2023 to June 30, 2024

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-37-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) Q) New Accounting Pronouncements
The City adopted Statement on Governmental Accounting Standards (GASB Statements) No. 100, Accounting for Changes and Error Corrections. The primary objective of this Statement is to enhance accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability.. The adoption of GASB No. 100 did not significantly impact the City.

R) Leases
Lessee: The City is a lessee for a noncancellable lease of equipment. The City recognizes a lease liability and an intangible right-to-use lease asset (lease asset) in the government-wide financial statements. The City recognizes lease liabilities with an initial, individual value of $5,000 or more.

At the commencement of a lease, the City initially measures the lease liability at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease payments made. The lease asset is initially measured as the initial amount of the lease liability, adjusted for lease payments made at or before the lease commencement date, plus certain initial direct costs. Subsequently, the lease asset is amortized on a straight-line basis over its useful life.

Key estimates and judgments related to leases include how the City determines the discount rate it uses to discount the expected lease payments to present value, lease term, and lease payments. The City uses the interest rate charged by the lessor as the discount rate. When the interest rate charged by the lessor is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for leases. The lease term includes the noncancellable period of the lease. Lease payments included in the measurement of the lease liability are composed of fixed payments and purchase option price that the City is reasonably certain to exercise.

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

Lease assets are reported with other capital assets and lease liabilities are reported with longterm debt on the Statement of Net Position.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-38-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) R) Leases, (Continued)
Lessor: At the commencement of a lease, the City initially measures the lease receivable at the present value of payments expected to be received during the lease term. Subsequently, the lease receivable is reduced by the principal portion of the lease payments received. The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date.

Subsequently, the deferred inflow of resources is recognized as revenue over the life of the lease term.

Key elements and judgement include how the City determines the discount rate it uses to discount the expected lease receipts to present value, lease term, and lease receipts. The City uses it estimated incremental borrowing rate as the discount rate for leases. The lease term includes the noncancellable period of the lease. Lease receipts included In the measurement of the lease receivable is composed of fixed payments from the lessee.

The City monitors changes that would require a remeasurement of its lease and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable. The City currently does not have any leases receivable.

S) Property Taxes
Under California law, property taxes are assessed and collected by the counties at 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.

Property taxes are assessed, collected and allocated by Orange County throughout the fiscal year according to the following property tax calendar.

Lien Date January 1
Levy Date July 1 to June 30
Due Dates November 1, 1st installment, February 1, 2nd installment Delinquent Dates December 11, 1st installment, April 11, 2nd installment Property taxes receivable for the governmental fund types, which have been remitted within 60 days subsequent to year end, are considered measurable and available and recognized as revenues. All other property taxes are offset by deferred property tax inflows of resources and, accordingly, have not been recorded as revenue. Taxes are considered past due on the above delinquent dates, at which time the applicable property is subject to lien, and penalties and interest are assessed.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-39-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (CONTINUED) T) Functional Classifications
Expenditures of the Governmental Funds are classified by function. Functional classifications are defined as follows:
 General government – includes legislative activities, which have a primary objective of providing legal and policy guidelines for the City. Also included in this classification are those activities that provide management or support services across more than one functional area.
 Public safety – includes those activities that involve the protection of people and property.
 Community development – includes those activities such as planning, code enforcement, and building and safety inspections.
 Recreation and community services – includes those activities that involve the community cultural and leisure activities.
 Public works – includes those activities that involve the maintenance and improvement of City streets, roads, and park development and maintenance.  Capital outlay – includes purchases of property, plant, and equipment which are expensed in the governmental funds because governmental funds use the current financial resources measurement focus.
 Principal retirement – includes principal payments for long-term liabilities.  Interest and fiscal charges – includes current payments for interest on the City’s longterm debt.

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

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-40-
2) STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
A) Violations of Legal or Contractual Provisions
Note 2 to Required Supplementary Information, on the Excess of Expenditures over Appropriations, describes budgetary violations that occurred in the General Fund for the year ended June 30, 2024.

B) Deficit Fund Balance
At June 30, 2024, the Community Development Block Grant (CDBG) nonmajor special revenue fund reported a deficit fund balance of $114,182. The deficit is due to the timing of the receipt of CDBG program reimbursements for expenditures incurred. The deficit will be eliminated as the program reimbursements are received from the grantor agency. 3) CASH AND INVESTMENTS
A) Summary of Cash and Investments
Cash and investments are classified in the accompanying financial statements as follows:

Cash and investments 24,281,518 $
Cash and investments - restricted 249
Total Cash and Investments 24,281,767 $
Cash and Investments at June 30, 2024 consisted of the following:

Cash on hand 3,500 $
Demand deposits 529,146
Investments 23,749,121
Total Cash and Investments 24,281,767 $
The City follows the practice of pooling cash and investments of all funds except for funds required to be held by fiscal agents under provisions of bond indentures. Interest income earned on pooled cash and investments is allocated monthly to the various funds based on monthly cash and investment balances. Interest income from cash and investments with fiscal agents is credited directly to the related fund.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-41-
3) CASH AND INVESTMENTS, (CONTINUED)
B) Cash Deposits
All City’s cash and investments as of June 30, 2024, were collateralized or insured with securities held by pledging financial institutions in the City’s name. The California Government Code requires California banks and savings and loan associations to secure the City’s cash deposits by pledging securities as collateral. This Code states that collateral pledged in this manner shall have the effect of perfecting a security interest in such collateral superior to those of a general creditor. Thus, collateral for cash deposits is considered to be held in the City’s name.

C) Investments
The following table identifies the investment types that are authorized for the City by the California Government Code (or the City’s investment policy, where more restrictive). The table also identifies certain provisions of the California Government Code (or the City’s investment policy, where more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustees that are governed by the provisions of bond indentures of the City, rather than the general provisions of the California Government Code or the City’s investment policy.

Maximum Maximum
Maximum Percentage Investment in
Authorized Investment Type Maturity of Portfolio* One Issuer United States (U.S.)Treasury Obligations 5 years None None Federal Agency Securities 5 years None None
Certificates of Deposit 5 years None $250,000
Negotiable Certificates of Deposit 5 years 30% 30%
Local Agency Investment Fund (LAIF) N/A None $75 million Medium Term Notes 5 years 30% None
Local Agency Bonds 5 years None None
Commercial Paper 270 days 25% None
* Excludes amounts held by bond trustees that are not subject to California Government Code restrictions.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-42-
3) CASH AND INVESTMENTS, (CONTINUED)
C) Investments, (Continued)
Investments of debt proceeds held by bond trustees are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy.

Maximum Maximum
Maximum Percentage Investment in
Authorized Investment Type Maturity of Portfolio One Issuer U.S. Treasury Obligations 30 years None None
U.S. Agency Securities None None None
Banker's Acceptances 180 days 40% 30%
Commercial Paper 270 days 25% 10%
Money Market Mutual Funds None None None
Investment Agreements N None None None
Local Agency Bonds None None None
Medium Term Notes 5 years 30% None
Negotiable Certificates for Deposits None 30% None
Local Agency Investment Fund (LAIF) None None None
Investment in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 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 portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawals is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis. LAIF does not impose limits or restrictions on participant withdrawals, and the entire balance of the City’s investment in the portfolio is available for withdrawal at any time. LAIF is not registered with the Securities and Exchange Commission and is not rated. Deposits and withdrawals in LAIF are made on the basis of $1 and not fair value. Accordingly, the City’s investment in this pool is measured on uncategorized inputs not defined as Level 1, 2, or 3.

D) Risk Disclosures
Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer-term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-43-
3) CASH AND INVESTMENTS, (CONTINUED)
D) Risk Disclosures, (Continued)
Information about the sensitivity of the fair values of the City’s investments (including investments held by bond trustees) to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity:

Remaining Investment Maturities
Less Than 1 to 3 4 to 5
Investment Type 1 Year Years Years Total
U.S. Treasury Obligations 974,072 $ 234,863 $ - $ 1,208,935 $ U.S. Agency Securities 2,968,114 6,407,410 747,201 10,122,725 Certificates of Deposit 731,196 2,832,208 996,593 4,559,997 Local Agency Investment Fund (LAIF) 2,227,329 - - 2,227,329 Medium Term Notes 245,401 241,797 - 487,198
Local Agency Bonds 246,363 2,085,846 1,063,189 3,395,398 Commercial Paper 742,624 - - 742,624
CAMP Pool 1,004,666 - - 1,004,666
Investment held by Bond Trustee:

Money Market Mutual Funds 249 - - 249
Total 9,140,014 $ 11,802,124 $ 2,806,983 $ 23,749,121 $ Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by (where applicable) the California Government Code, the City’s investment policy, or debt agreements, and the actual rating, by Standards and Poor, as of fiscal year end for each investment type:

Minimum
Legal Not
Investment Type Total Rating Rated AAA AA+ A+ AAAm
U.S. Treasury Obligations 1,208,935 $ N/A - $ 1,208,935 $ - $ - $ - $ U.S. Agency Securities 10,122,725 N/A - 10,122,725 - - - Certificates of Deposit 4,559,997 N/A 4,559,997 - - - - Local Agency Investment Fund (LAIF) 2,227,329 Not Rated 2,227,329 - - - - Medium Term Notes 487,198 A - - - 487,198 -
Local Agency Bonds 3,395,398 N/A - - 3,395,398 - -
Commercial Paper 742,624 A - - - 742,624 -
CAMP Pool 1,004,666 AAAm 1,004,666
Investment held by Bond Trustee:

Money Market Mutual Funds 249 N/A - - 249 - -
Totals 23,749,121 $ 6,787,326 $ 11,331,660 $ 3,395,647 $ 1,229,822 $ 1,004,666 $

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-44-
3) CASH AND INVESTMENTS, (CONTINUED)
D) Risk Disclosures, (Continued)
Concentration of Credit Risk
The City’s investment policy imposes restrictions on the percentage that the City can invest in certain types of investments. As of June 30, 2024, in accordance with GASB Statement No. 40 requirements, the City is exposed to concentration of credit risk whenever they have invested more than 5% of their total investments in any one issuer.

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 are as follows:

Issuer
Reported
amount
Percent of
portfolio
Federal Home Loan Bank 6,941,601 $ 29%
Federal Home Loan Mortgage Corporation 1,494,272 6%
U.S. Treasury Notes 1,208,936 5%
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 the 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., brokerdealer) 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 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 market 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 deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits. The City’s investment policy does not contain any additional provisions that would limit the exposure to custodial credit risk for deposits. However, the policy does stipulate that mortgage collateral cannot be used to secure deposits, and that the use of a third-party bank trust department is to function as the City’s safekeeping agent for investments. At June 30, 2024, City deposits (bank balances) were insured by the Federal Depository Insurance Corporation or collateralized as required under California Law.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-45-
3) CASH AND INVESTMENTS, (CONTINUED)
D) Risk Disclosures, (Continued)
Fair Value Hierarchy
The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs.

The City has the following recurring fair value measurements as of June 30, 2024:

Level
Investments Totals 1 2 Uncategorized
U.S. Treasury Obligations 1,208,935 $ 1,208,935 $ - $ - $ U.S. Agency Securities 10,122,725 10,122,725 - -
Certificates of Deposit 4,559,997 - 4,559,997 -
Agency Investment Fund (LAIF) 2,227,329 - - 2,227,329
Medium Term Notes 487,198 - 487,198 -
Local Agency Bonds 3,395,398 - 3,395,398 -
Commercial Paper 742,624 - 742,624 -
CAMP Pool 1,004,666 1,004,666 - -
Investment held by Bond Trustee:

Money Market Mutual Funds 249 249 - -
Totals 23,749,121 $ 12,336,575 $ 9,185,217 $ 2,227,329 $ Deposits and securities classified in Level 1 of the fair value hierarchy are valued using prices quoted in active markets for those securities. Federal Agency Securities classified in Level 2 of the fair value hierarchy are valued using institutional bond quotes.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-46-
4) INTERFUND TRANSACTIONS
A) Receivables/Payables
The purpose of the interfund transactions is to make short-term interfund loans from the General Fund to other funds. These interfund loans are to provide for negative cash balances at year-end and/or operating cash flow. Due to/from amounts are short-term financing, which are paid within one year.

Receivable Fund Amount Payable Fund Amount
General Fund 2,250,198 $ Nonmajor Fund:

Community Development
Block Grant 210,000 $
Internal Service Fund:

Technology Replacement 58,833
Facilities, Streets, Parks and
Pool Capital Expenditures 892,576
Self-Insurance Trust 1,088,789
$ 2,250,198 2,250,198 $
B) Transfers In/Out
Transfers Out
Nonmajor
General Governmental
Transfers In Fund Funds Total
General Fund - $ 370,000 $ 370,000 $
Nonmajor Governmental Funds 361,500 - 361,500
Internal Service Funds 660,000 - 660,000
Total 1,021,500 $ 370,000 $ 1,391,500 $
The transfer from nonmajor governmental funds to the General Fund for street-related maintenance, and public and traffic safety expenditures paid out of the General Fund.

The transfers from the General Fund to nonmajor governmental funds were to support building improvements and for annual debt service payments.

The transfers from the General Fund to the internal service funds were to support facilities, streets and park projects, in addition to support for insurance, claims and workers' compensation.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-47-
5) CAPITAL ASSETS
A summary of changes in the Governmental Activities capital assets for the fiscal year ended June 30, 2024 are as follows:

Balance Balance
Description June 30, 2023 Additions Deletions June 30, 2024 Non-depreciable:

Land 5,917,715 $ - $ - $ 5,917,715 $
Construction in process 1,596,162 2,864,784 (826,444) 3,634,502 Total Non-depreciable 7,513,877 2,864,784 (826,444) 9,552,217 Depreciable/amortizable:

Buildings and improvements 2,336,566 96,102 - 2,432,668 Right-to-use assets - buildings 198,562 201,588 - 400,150 Infrastructure - road system 16,668,358 826,444 - 17,494,802 Equipment 1,521,478 906,866 (57,169) 2,371,175
Right-to-use equipment - 157,085 - 157,085
Vehicles 1,288,213 191,033 (35,000) 1,444,246
Right-to-use assets - vehicles 393,591 133,961 - 527,552 Total Depreciable Capital Assets 22,406,768 2,513,079 (92,169) 24,827,678 Less accumulated depreciation/amortization for:

Buildings and improvements (1,625,331) (47,400) - (1,672,731) Right-to-use assets - buildings (22,062) (155,782) - (177,844) Infrastructure - road system (3,432,895) (350,232) - (3,783,127) Equipment (1,101,422) (113,295) 57,169 (1,157,548)
Right-to-use assets - equipment - (13,090) - (13,090)
Vehicles (1,098,436) (100,679) 35,000 (1,164,115)
Right-to-use assets - vehicles (83,780) (96,116) - (179,896) Total Accumulated Depreciation/Amortization (7,363,926) (876,594) 92,169 (8,148,351) Total Depreciable/Amortizable Capital Assets, Net 15,042,842 1,636,485 - 16,679,327 Total Capital Assets, Net 22,556,719 $ 4,501,269 $ (826,444) $ 26,231,544 $ Depreciation/amortization expense was charged to governmental activities as follows:

Internal
General Service Total
General government 143,106 $ - $ 143,106 $
Public safety 219,304 - 219,304
Community development 58,853 - 58,853
Recreation and community services 120,184 - 120,184
Public works 78,057 - 78,057
Internal Service Fund - 257,090 257,090
Totals 619,504 $ 257,090 $ 876,594 $

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-48-
5) CAPITAL ASSETS, (CONTINUED)
Expenditures Remaining
Spent-to-Date Commitment
Construction commitments:

Government activities:

Bradbury/Rossmoor Way Signal Light Relocation 19,877 $ 151,330 $ Citywide Trash Receptacles - 250,000
Civic Ctr Master Plan 27,663 197,338
Community Ctr Kitchens Remodel - 325,000
Community Ctr Sound System/AV Upgrade 57,614 17,386
Concrete/ADA Ramp Project 150 49,850
Council Chamber Remodel (design) 20,038 79,962
Demo Latv/PW Bldg. 135,258 14,742
Electric Svc & Wiring Upgd - PD - 40,000
Generator Project 23,764 626,236
Katella Avenue Street Project 13,869 286,131
Labourdette Park Project 63,911 636,089
Laurel Park Tennis Court Project - 75,000
Median Island Concept & Design Project 9,497 165,503
Outdoor Awning & Lighting Pd - 130,000
Pd Locker Room Remodel (design) 12,000 63,000
Pd Property Room Remodel 15,668 69,332
Pine Street (design) 30,795 144,205
Residential Street Improvement 1,800 658,200
Room Addition Project (PW Breakroom, Lactating Room) - 150,000 Signal Light Replacement Project (led) - 50,000
Sterns Park Project 64,811 885,189
Storage Unit Pd 9,358 5,642
Street Improvement Project 38,837 961,163
Street Markings/striping - 85,000
Youth Ctr Remodel (design) - 250,000
6) COMPENSATED ABSENCES
The following is a summary of changes in compensated absences for the year ended June 30, 2024 is as follows:

Balance Balance Due Within
June 30, 2022 Additions Deletions June 30, 2023 One Year Compensated absences 507,005 $ 349,140 $ (241,472) $ 614,673 $ 240,283 $ There is no repayment schedule for compensated absences. Employee leave benefits are payable to employees upon usage or termination. The City’s policies relating to the payment of these benefits are discussed in Note 1. The liability for compensated absences is typically liquidated through the General Fund.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-49-
7) LONG-TERM DEBT
The following is a summary of changes in Governmental Activities long-term debt for the year ended June 30, 2024:

Balance Balance Due Within
June 30, 2023 Additions Deletions June 30, 2024 One Year 2015 Certificates of Participation 3,160,000 $ - $ (85,000) $ 3,075,000 $ 90,000 $ Unamortized bond premium 100,769 - (4,352) 96,417 -
Total 3,260,769 $ - $ (89,352) $ 3,171,417 $ 90,000 $
Other Long-term Liabilities:

Lease Payable – Police Vehicles 329,542 $ 133,961 $ (81,096) $ 382,407 $ 111,549 $ Lease Payable – Warehouse 189,632 168,928 (129,002) 229,558 135,602 Lease Payable – Camera - 157,085 (30,015) 127,070 30,700 Total 519,174 $ 459,974 $ (240,113) $ 739,035 $ 277,851 $ A) 2015 Certificates of Participation
On September 1, 2015, the City issued the 2015 Certificates of Participation in the amount of $3,685,000, as a public offering, to refund the outstanding balance of the 2006 (Laurel Park Acquisition) Certificates of Participation in an advanced refunding transaction, and to finance the design, acquisition, and construction of certain capital improvement projects. There are no finance-related consequences related to significant events of default or termination, and there are no acceleration clauses. There are no assets pledged as collateral, no required reserve, and no unused lines of credit. Interest on the bonds is payable semiannually on October 1 and April 1, commencing April 1, 2016, at rates which range from 2.00% to 5.00%.

Principal payments begin October 1, 2017 and continue October 1 of each year through October 1, 2045. The outstanding balance as of June 30, 2024 is $3,075,000. The annual debt service requirements on these bonds are as follows:

Year Ending
June 30, Principal Interest Total
2025 90,000 $ 116,819 $ 206,819 $
2026 95,000 112,194 207,194
2027 100,000 107,319 207,319
2028 105,000 103,244 208,244
2029 110,000 100,019 210,019
2030-2034 595,000 444,654 1,039,654
2035-2039 710,000 327,275 1,037,275
2040-2044 870,000 170,000 1,040,000
2045-2046 400,000 16,200 416,200
Total 3,075,000 $ 1,497,724 $ 4,572,724 $

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-50-
7) LONG-TERM DEBT, (CONTINUED)
B) Leases Payable
The City has entered into leases as a Lessee for use of various police vehicles, equipment and a warehouse. The initial lease liabilities were recorded in the range between $16,254 to $400,149. The City is required to make monthly fixed payments in the range between $519 to $12,000. As of June 30, 2024, the value of the lease liability is $739,035. The leases have an interest rate in the range between 5% to 16.2%. The various police vehicles and the warehouse have a five-year estimated useful life. The value of the right-to-use asset as of June 30, 2024 was $1,084,787 with accumulated amortization of $370,830, is included with buildings and vehicles which is detailed in Note 5. In fiscal year ended June 30, 2024, the City made a change in their estimate of interest rate used for the warehouse lease. This increased the liability by $168,928 and the right-to-use asset by $201,558 for a trivial net change of $32,630. Change in estimate was recorded as of July 1, 2023 as additions in the summary of long-term debt above, and capital assets detailed in note 5.

The following future principal and interest payments on the leases payable for June 30, 2024 are as follows:

Year Ending
June 30, Principal Interest Total
2025 277,851 $ 64,726 $ 342,577 $
2026 231,937 39,831 271,768
2027 137,550 19,962 157,512
2028 77,284 6,621 83,905
2029 14,413 995 15,408
Total 739,035 $ 132,135 $ 871,170 $
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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-51-
8) RETIREMENT PLANS
A) General Information about the Pension Plans
Plan Descriptions
All qualified permanent and probationary employees are eligible to participate in the Public Agency Cost-Sharing Multiple-Employer Defined Benefit Pension Plan (Plan or PERF C) administered by the California Public Employees’ Retirement System (CalPERS.) The Plan consists of a miscellaneous pool and a safety pool (also referred to as “risk pools”), which are comprised of individual employer miscellaneous and safety rate plans, respectively. Plan assets may be used to pay benefits for any employer rate plan of the safety and miscellaneous pools. Accordingly, rate plans within the safety or miscellaneous pools are not separate plans under generally accepted accounting principles. Individual employers may sponsor more than one rate plan in the miscellaneous or safety risk pools.

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

Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of fulltime employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 5 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost-of-living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

The Plan operates under the provisions of the California Public Employees’ Retirement Law (PERL), the California Public Employees’ Pension Reform Act of 2013 (PEPRA), and the regulations, procedures and policies adopted by the CalPERS Board of Administration.

The Plan’s authority to establish and amend the benefit terms are set by the PERL and PEPRA, and may be amended by the California state legislature and in some cases require approval by the CalPERS Board.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-52-
8) RETIREMENT PLANS, (CONTINUED)
A) General Information about the Pension Plans, (Continued)

The Plans’ provisions and benefits in effect at June 30, 2024, are summarized as follows:

Hire date
Prior to
January 1, 2013
On or after
January 1, 2013
Benefit formula 2.7% @ 55 2.0% @ 62
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50-67 52-67
Monthly benefits, as a % of eligible compensation 2.0% to 2.7% 1.0% to 2.5% Required employer contribution rates 15.95% 7.68%
Hire date
Prior to
January 1, 2013
On or after
January 1, 2013
Benefit formula 3.0% @ 50 2.7% @57
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50 50-57
Monthly benefits, as a % of eligible compensation 3.0% 2.0% to 2.7% Required employer contribution rates 27.11% 13.54%
Miscellaneous
Safety
Contributions
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers are determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate.

The total plan contributions are determined through CalPERS’ annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees.

Employer contribution rates may change if plan contracts are amended. Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions. Employer Contributions to the Plan for the fiscal year ended June 30, 2024 were $1,403,038. The actual employer payments of $2,604,174 made to CalPERS by the City during the measurement period ended June 30, 2023, differed from the City’s proportionate share of the employer’s contributions of $2,396,409 by $207,765, which is being amortized over the expected average remaining service lifetime in the Public Agency Cost-Sharing Multiple Employer Plan.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-53-
8) RETIREMENT PLANS, (CONTINUED)
B) Net Pension Liability
The City’s net pension liability for the Plan is measured as the total pension liability, less the pension plan’s fiduciary net position. The net pension liability of the Plan is measured as of June 30, 2023, using an annual actuarial valuation as of June 30, 2022 rolled forward to June 30, 2023 using standard update procedures. A summary of principal assumptions and methods used to determine the net pension liability is as follows.

Actuarial Methods and Assumptions Used to Determine Total Pension Liability The collective total pension liability for the June 30, 2023 measurement period 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 collective total pension liability was based on the following assumptions:

Valuation Date June 30, 2022
Measurement Date June 30, 2023
Actuarial Cost Method Entry Age Actuarial Cost Method
Asset Valuation Method Fair Value of Assets
Actuarial Assumptions:

Discount Rate 6.90%
Inflation 2.30%
Salary Increases Varies by Entry Age and Service
Mortality Rate Table (1) Derived using CalPERS' membership data for all funds
Post Retirement Benefit Increase The lesser of contract COLA or 2.30% until Purchasing Power Protection Allowance floor
on purchasing power applies, 2.30%
thereafter.
(1) The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019. Pre-retirement and Post-retirement mortality rates include generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from November 2021 that can be found on the CalPERS website.

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

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-54-
8) RETIREMENT PLANS, (CONTINUED)
B) Net Pension Liability, (Continued)
In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations. Using historical returns of all of the funds’ asset classes, expected compound (geometric) returns were calculated over the next 20 years using a building-block approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 Basis points.

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

Asset Class
Assumed
Asset
Allocation
Real
Return1,2
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%)
2 Figures are based on the 2021 Asset Liability Management study. 1 An expected inflation of 2.30% used for this period.

Change of Assumptions
There were no assumption changes in 2023. Effective with the June 30, 2021 valuation date (June 30, 2022 measurement date), the accounting discount rate was reduced from

7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. In addition, demographic assumptions and the price inflation assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. The accounting discount rate was 7.15% for measurement dates June 30, 2017 through June 30, 2021, 7.65% for measurement dates June 30, 2015 through June 30, 2016, and 7.50% for measurement date June 30, 2014.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-55-
8) RETIREMENT PLANS, (CONTINUED)
B) Net Pension Liability, (Continued)
Discount Rate
The discount rate used to measure the total pension liability for PERF C 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.

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

Pension Plan Fiduciary Net Position
Information about the pension plan’s assets, deferred outflows of resources, liabilities, deferred inflows of resources, and fiduciary net position are presented in CalPERS’ audited financial statements, which are publicly available reports that can be obtained at CalPERS’ website, at www.calpers.ca.gov. The plan’s fiduciary net position and additions to/deductions from the plan’s fiduciary net position have been determined on the same basis used by the pension plan, which is the economic resources measurement focus and the accrual basis of accounting. Benefits and refunds are recognized when due and payable in accordance with the terms of the plan. Investments are reported at fair value.

C) Proportionate Share of Net Pension Liability
The following table shows the City’s proportionate share of the Plan’s net pension liability over the measurement period.

Plan Total Plan Fiduciary Net Pension
Pension Liability Net Position Liability
(a) (b) (c) = (a) - (b)
Balance at: 6/30/2022 (VD) 82,240,705 $ 56,663,354 $ 25,577,351 $ Balance at: 6/30/2023 (MD) 86,341,369 59,038,115 27,303,254 Net Changes during 2022-23 4,100,664 $ 2,374,761 $ 1,725,903 $ Valuation Date (VD), Measurement Date (MD)
Increase (Decrease)

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-56-
8) RETIREMENT PLANS, (CONTINUED)
C) Proportionate Share of Net Pension Liability, (Continued) The City’s proportion of the net pension liability was determined by CalPERS using the output from the Actuarial Valuation System and the fiduciary net position, as provided in the CalPERS Public Agency Cost-Sharing Allocation Methodology Report, which is a publicly available report that can be obtained at CalPERS’ website, at www.calpers.ca.gov.

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

Miscellaneous Safety
Proportion – June 30, 2022 0.2525% 0.2003%
Proportion – June 30, 2023 0.2490% 0.1987%
Change – Increase (Decrease) -0.0035% -0.0016%
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate
The following presents the City’s proportionate share of the net pension liability of the Plan as of the measurement date, calculated using the discount rate of 6.9 percent, as well as what the net pension liability would be if it were calculated using a discount rate that is 1 percentage-point lower (5.9 percent) or 1 percentage-point higher (7.9 percent) than the current rate:

Discount Rate Current Discount Rate
-1% Discount Rate +1%
(5.90%) (6.90%) (7.90%)
Proportion – June 30, 2022 36,870,020 25,577,351 16,321,033 Proportion – June 30, 2023 39,074,445 27,303,254 17,651,232 Change – Increase (Decrease) 2,204,425 $ 1,725,903 $ 1,330,199 $ Amortization of Deferred Outflows and Deferred Inflows of Resources Under GASB 68, gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time.

The first amortized amounts are recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-57-
8) RETIREMENT PLANS, (CONTINUED)
C) Proportionate Share of Net Pension Liability, (Continued) The amortization period differs depending on the source of the gain or loss:

Net difference between
projected and actual earnings
on pension plan investments
5-year straight-line amortization
All other amounts Straight-line amortization over the expected average remaining service lives (EARSL) of all members that
are provided with benefits (active, inactive and
retired) as of the beginning of the measurement
period
The expected average remaining service lifetime (EARSL) is calculated by dividing the total future service years by the total number of plan participants (active, inactive, and retired) in the Public Agency Cost-Sharing Multiple-Employer Plan (PERF C).

The EARSL for PERF C for the measurement period ending June 30, 2023 is 3.8 years, which was obtained by dividing the total service years of 600,538 (the sum of remaining service lifetimes of the active employees) by 160,073 (the total number of participants:
active, inactive, and retired) in PERF C. Inactive employees and retirees have remaining service lifetimes equal to 0. Total future service is based on the members’ probability of decrementing due to an event other than receiving a cash refund.

D) Pension Liabilities, Pension Expenses, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pension
As of the start of the measurement period (July 1, 2022), the City’s net pension liability was $25,577,351. For the measurement period ending June 30, 2022 (the measurement date), the Local Government incurred a pension expense of $3,613,977. The City’s net pension liability is typically liquidated through the General Fund.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-58-
8) RETIREMENT PLANS, (CONTINUED)
D) Pension Liabilities, Pension Expenses, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pension, (Continued)
As of June 30, 2024, the City has deferred outflows and deferred inflows of resources related to pensions as follows:

Deferred Outflows Deferred Inflows
of Resources of Resources
Change of assumptions 1,618,518 $ - $
Differences between expected and actual experience 1,726,516 192,020 Net difference between projected and annual earnings on 4,048,430 retirement plan investments -
Changes in proportion and differences between City
contributions and proportionate share of contributions 153,090.00 711,672 Changes in employer's proportion 408,786 739,560
City contributions subsequent to the measurement date 1,403,038 - Total 9,358,378 $ 1,643,252 $
The amounts above are net of outflows and inflows recognized in the 2022-23 measurement period expense. Contributions subsequent to the measurement date $1,403,038 reported with deferred outflows of resources will be recognized as a reduction of the net pension liability in the upcoming fiscal year. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in future pension expense as follows:

Fiscal Year Deferred Outflows/(Inflows) of Resources
Ending June 30, Miscellaneous Safety Total
2025 506,366 $ 1,225,850 $ 1,732,216 $
2026 396,500 879,202 1,275,702
2027 1,531,544 1,658,042 3,189,586
2028 57,849 56,735 114,584
2029 - - -
Thereafter - - -
Total 2,492,259 $ 3,819,829 $ 6,312,088 $
E) Payable to the Pension Plan
At June 30, 2024, the City reported a payable of $0 for the outstanding amount of contributions to the pension plan required for the year then ended

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-59-
9) OTHER POST-EMPLOYMENT BENEFIT (OPEB) PLAN
A) Plan Description
In addition to providing pension benefits, the City provides certain health care benefits, through a single- employer OPEB Plan (the Plan), for retired employees in accordance with a City Council resolution. Substantially, all the City’s employees become eligible for those benefits if they reach normal retirement age while working for the City. Those and similar benefits for active employees are provided through PERS whose premiums are based on the benefits paid during the year.

Retiree health care coverage is segregated into two tiers as follows:

Tier 1 – Employees Hired Before August 1, 1994(1) receive one of the following:
 Miscellaneous and Safety Employees with 10 years of service with the City, with a regular service retirement, shall be eligible to receive 100% of the monthly benefit applicable towards the employee and one dependent, provided that employee plus one dependent coverage was in effect upon the date of retirement, up to Medicare age, and up to $300 per month thereafter for life.
 Employees age fifty (50) or over received up to $300 per month for life.

Tier 2 – Employees Hired on or After August 1, 1994(1) receive one of the following:
 Miscellaneous Employees with at least 15 years of continuous service with the City, and have reached the age of fifty-five (55) shall be eligible to receive 100% of the monthly benefit applicable towards the employee and one dependent, provided that employee plus one dependent coverage was in effect upon the date of retirement, up to Medicare age, and up to $300 per month thereafter for life.
 Safety Employees with 10 years of service with the City shall be eligible to receive 50% of the monthly benefit applicable towards the employee and one dependent, if employee plus one dependent coverage was in effect upon the date of retirement. The percentage increases by 5% per year to 100% at 20 years of service up to Medicare age, and up to $300 per month thereafter for life.
(1) Applies to police employees hired after January 1, 1995.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-60-
9) OTHER POST-EMPLOYMENT BENEFIT (OPEB) PLAN, (CONTINUED) B) Employees Covered
As of the June 30, 2024 actuarial valuation, the following current and former employees were covered by the benefit terms under the Plan:

Active 69
Inactive employees or beneficiaries currently receiving benefits 45 Total 114
C) Contributions
The contribution requirements of plan members and the City are established and may be amended by the City Council, and/or the employee associations The City is currently funding this OPEB obligation based on a pay-as-you-go basis. For the measurement date ended June 30, 2024, the City made no contributions to the plan, which would be recognized as a reduction of the total OPEB liability. The total OPEB liability is typically liquidated through the General Fund.

D) Actuarial Methods and Assumptions
The City’s total OPEB liability was measured as of June 30, 2024 and was determined by an actuarial valuation dated June 30, 2024, based on the following actuarial methods and assumptions:

Actuarial Cost Method Entry Age Normal
Actuarial Assumptions:

Discount Rate 3.93%
Inflation 2.50%
Salary Increases 2.75% per year
Investment Rate of Return N/A; OPEB plan is unfunded
Mortality Rate 2021 CalPERS Mortality forSafety Employees, Miscellaneous and Schools Employees
Pre-Retirement Turnover According to the CalPERS Turnover rate table Healthcare Trend Rate 4.00% per year
E) Discount Rate
The discount rate used to measure the total OPEB liability was 3.93 percent. The discount rate is based on the Bond Buyer 20 Bond Index. The City does not participate in a trust fiduciary fund.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-61-
9) OTHER POST-EMPLOYMENT BENEFIT (OPEB) PLAN, (CONTINUED) F) Changes in the Total OPEB Liability
The changes in the Total OPEB liability for the Plan are as follows:

Increase
(Decrease)
Total OPEB
Liability/(Assets)
Balance at June 30, 2023 5,633,788 $
Changes recognized over the measurement period:

Service cost 326,480
Interest 232,030
Changes of assumptions (8,106)
Actual and expected experience difference 548,754
Benefit payments (428,200)
Net Changes 670,958
Balance at June 30, 2024 6,304,746 $
G) Sensitivity of the Total OPEB Liability to Changes in the Discount Rate The following presents the Total OPEB liability 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 ended June 30, 2024:

Current
1% Decrease Discount Rate 1% Increase
$ 6,304,746 6,997,026 $ 5,721,785 $
H) Sensitivity of the Total OPEB Liability to Changes in the Health Care Cost Trend Rates The following presents the Total OPEB liability 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 measurement period ended June 30, 2024:
1% Decrease Cost Trend Rates 1% Increase
$ 6,304,746 5,810,911 $ 6,892,704 $

Page 124 of 408 ends

City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-62-
9) OTHER POST-EMPLOYMENT BENEFIT (OPEB) PLAN, (CONTINUED) I) 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 $691,755. At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Change in assumptions 1,081,210 $ 958,719 $
Difference between expected and
actual experience 847,268 681,121
Total 1,928,478 $ 1,639,840 $
Amounts reported as deferred inflows of resources related to OPEB will be recognized as OPEB expense as follows:

Year Ending
June 30, Amount
2025 133,245 $
2026 133,245
2027 104,055
2028 (99,108)
2029 (102,680)
Thereafter 119,881
Total 288,638 $

Page 125 of 408 ends

City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-63-
10) JOINT VENTURES
A) Orange County Fire Authority
In January 1995, the City of Los Alamitos entered into a joint powers agreement with 17 other cities within the County of Orange to create the Orange County Fire Authority (Authority). The purpose of the 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, as well as providing facilities and personnel for such services. The effective date of formation was March 1, 1995. Since the creation of the Authority, five additional cities have joined the Authority as members. The Authority’s governing board consists of one representative from each city and two from the County.

The operations of the Authority are funded with structural fire fees collected by the County through the property tax roll for the unincorporated area and on behalf of all member cities except for eight cities. The County pays all structural fire fees it collects to the Authority. The eight cities for which the County does not collect structural fire fees are considered “cash contract cities” and, accordingly, make cash contributions based on the Authority’s annual budget.

Upon dissolution of the Authority, all surplus money and property of the Authority will be conveyed or distributed to each member in proportion to all funds provided to the Authority by that member or by the County on behalf of that member during its membership. The City has a financial interest in the Authority; however, it does not have an equity interest or an ongoing financial responsibility. Financial statements of the Authority may be obtained from its office at Post Office Box 57115, Irvine, California 92619.

B) West Communications Financing Authority
The West Communications Financing Authority was established December 23, 1996, pursuant to a Joint Exercise of Powers Agreement by the Cities of Los Alamitos, Seal Beach and Cypress for the purpose of operating a public safety communications center.

The Board of Directors is comprised of three elected officials, one designated by each participating City. Each Director has one vote over budgeting and financial matters. The Authority is a public entity separate from the Cities and is not included in the financial statements of those entities.

Each City pays a contractual fee to the Authority which consists of personal costs, capital expenditures and reserves to fund accrued employee leave and equipment purchases. The contractual fee remains stable from year to year. In 2023-2024, the City of Los Alamitos paid $774,699 to the Authority. Financial information for the Authority may be obtained from the City of Cypress.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-64-
10) JOINT VENTURES, (CONTINUED)
C) Integrated Law and Justice Agency for Orange County
In May 2006, the City of Los Alamitos entered into a joint powers agreement with 22 other agencies within the County of Orange to create the Integrated Law and Justice Agency for Orange County. The purpose of the Agency is to facilitate the integration and sharing of criminal justice information for the benefit of the lands and inhabitants within their respective boundaries. The Agency’s governing board consists of six Municipal Police Chiefs, each elected for a three-year term by the Orange County Chiefs & Sheriff’s Association. The operations of the Agency are funded by grant awards and annual budget appropriations from each member agency. Upon dissolution of the Agency, all surplus money and property of the Agency will be conveyed or distributed to each member in proportion to all funds provided to the Agency by that member. The City has a financial interest in the Authority; however, it does not have an equity interest. Also, the City has an ongoing financial responsibility to the Agency for approximately $3,000 per year.

Financial information for this arrangement may be obtained from the City of Los Alamitos. 11) SELF-INSURANCE PROGRAM
Effective July 1, 2016, the City rescinded its participation in the California Joint Power Insurance Authority (CJPIA) and joined the California State Association of Counties Excess Insurance Authority (EIA). Beginning July 1, 2016, excess insurance coverage for General Liability and Workers’ Compensation was provided through the EIA with self-insured retentions of $100,000 and $125,000 per occurrence for each respective program. The EIA provides coverage up to $25 million per occurrence for General Liability and up to the statutory limit for Workers’ Compensation.

The City established a Self-Insurance Fund (an internal service fund) to account for and finance its uninsured risk of loss when it became a member of EIA for liability, master crime, and workers’ compensation coverage. All funds of the City participate in the program and make payments to the Self-Insurance Fund based on estimates of the amounts needed to pay prior and current year claims and to establish a reserve for catastrophe losses. The estimated claims liability of $169,920 reported at June 30, 2024, is based on the requirements of Governmental Accounting Standards Board Statement 10, which requires that a liability for claims be reported if information prior to the issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. The above amount includes an estimate for incurred but not reported claims.

During the last three fiscal years none of the above programs of protection have had settlements or judgments that exceeded the insured coverage amount. There have been no significant reductions in insured liability coverage from the prior year.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-65-
11) SELF-INSURANCE PROGRAM, (CONTINUED)
Changes in the reported liability for the last two fiscal years are as follows:

Due Within Long
One-Year Term
Workers' General
Compensation Liability Total
Liability balance as of June 30, 2022 71,875 $ 151,098 $ 222,973 $ Claims and changes in estimates during
the fiscal year ended June 30, 2023 1,416,202 - 1,416,202 Claims payments during the fiscal year
ended June 30, 2023 (15,386) - (15,386)
Liability balance as of June 30, 2023 1,472,691 151,098 1,623,789 Claims and changes in estimates during
the fiscal year ended June 30, 2024 155,391 - 155,391
Claims payments during the fiscal year
ended June 30, 2024 (1,555,123) (56,137) (1,611,260)
Liability balance as of June 30, 2024 72,959 $ 94,961 $ 167,920 $ 12) COMMITMENTS AND CONTINGENCIES
The City is subject to litigation arising in the normal course of business.

The City has received various state and federal funds for specific purposes that are subject to review and audit by the grantor agencies. Although such audits could generate expenditure disallowances under terms of the grants, it is believed that any required reimbursements will not be material.

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-66-
13) CLASSIFICATION OF FUND BALANCES AND NET POSITION
At June 30, 2024, fund balances are classified in the governmental funds as follows:

Nonmajor
General Governmental
Fund Funds Total
Nonspendable
Prepaid costs 57,166 $ - $ 57,166 $
Due from employees 4,260 - 4,260
Total Nonspendable 61,426 - 61,426
Restricted
Transportation - 873,520 873,520
Cable television - 57,232 57,232
Public safety - 550,771 550,771
Air quality - 187,518 187,518
Parks - 765,178 765,178
Total Restricted - 2,434,219 2,434,219
Committed
Capital projects 1,582,719 432,058 2,014,777
Total Committed 1,582,719 432,058 2,014,777
Assigned
Other post-employment benefits 500,000 - 500,000
PERS reserves 3,100,000 - 3,100,000
Capital projects - 416,422 416,422
Total Assigned 3,600,000 416,422 4,016,422
Unassigned 17,466,604 (114,182) 17,352,422
Totals 22,710,749 $ 3,168,517 $ 25,879,266 $

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City of Los Alamitos
Notes to the Basic Financial Statements
For the Year Ended June 30, 2024
-67-
13) CLASSIFICATION OF FUND BALANCES AND NET POSITION, (CONTINUED) At June 30, 2024, the City reported the following net position classifications for governmental activities:

Net investment in capital assets:

Governmental capital assets, net 26,231,544 $
2015 Certificates of Participation (3,075,000)
Unamortized bond premium (96,417)
Deferred loss on refunding 84,863
Lease liability (739,035)
Capital-related liabilities: accounts
payable and retainage payable (306,866)
Total net investment in capital assets 22,099,089 $
Restricted for:

Transportation 873,520
Cable television 57,232
Public safety 550,771
Air quality 187,518
Parks 765,178
Total restricted 2,434,219
Unrestricted (3,441,911)
Total net position 21,091,397 $

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REQUIRED SUPPLEMENTARY

INFORMATION (UNAUDITED)

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City of Los Alamitos
Required Supplementary Information
Budgetary Comparison Schedule – General Fund
For the Year Ended June 30, 2024
-68-
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget
Fund Balance, Beginning, as Restated $ 20,073,360 20,073,360 $ 20,073,360 $ - $ Revenues (Inflows):

Taxes 19,414,748 19,414,748 20,694,766 1,280,018
Licenses and permits 1,041,900 1,041,900 816,290 (225,610) Intergovernmental 11,000 11,000 869,653 858,653
Charges for services 808,018 808,018 765,092 (42,926)
Investment earnings 300,000 300,000 1,164,765 864,765
Fines and forfeitures 694,000 694,000 752,508 58,508
Miscellaneous 50,000 50,000 735,099 685,099
Lease acquisition - - - -
Transfers in 1,370,000 1,370,000 370,000 (1,000,000)
Amount Available for Appropriations 23,689,666 23,689,666 26,168,173 2,478,507 Charges to Appropriations (Outflows):

General government:

City council 66,895 66,895 51,287 15,608
City manager / City clerk 1,493,294 1,493,294 1,456,121 37,173 Administrative services 1,011,973 1,011,973 1,003,374 8,599 City attorney 196,000 196,000 423,183 (227,183)
Non-departmental 2,077,631 2,029,631 1,194,080 835,551
Public safety 8,343,859 8,343,859 8,454,827 (110,968)
Community development 2,541,767 2,541,767 2,256,980 284,787 Recreation and community services 2,458,756 2,458,756 2,706,043 (247,287) Public works 3,465,133 3,465,133 3,800,026 (334,893)
Capital outlay - - 1,019,363 (1,019,363)
Debt service:

Principal 8,930 8,930 129,002 (120,072)
Interest and fiscal charges 39,070 39,070 14,998 24,072 Transfers out 2,211,500 2,211,500 1,021,500 1,190,000
Total Charges to Appropriations 23,914,808 23,866,808 23,530,784 336,024 Fund Balance, Ending 19,848,218 $ 19,896,218 $ 22,710,749 $ 2,814,531 $

Page 133 of 408 ends

City of Los Alamitos
Required Supplementary Information, (Continued)
Notes to the Budgetary Comparison Schedule
For the Year Ended June 30, 2024
-69-
1) Budgets and Budgetary Accounting Data
The City follows these procedures in establishing the budgetary data reflected in the financial statements:
1) The annual budget is adopted by the City Council and provides for the general operation of the City. The operating budget includes proposed expenditures and the means of financing them.
2) The City Council approves total budgeted appropriations and any amendments to appropriations throughout the year. This “appropriated budget” covers substantially all City expenditures. Actual expenditures may not exceed budgeted appropriations at the department level. The City’s fund structure includes the following departments: City Council, City Manager/City Clerk, Administrative Services, City Attorney, Public Safety, Community Development, Recreation and Community Services, and Public Works. The City Manager is authorized to transfer budgeted amounts between the accounts of any department. Budgets are controlled at the department level. Budget figures used in the financial statements are the final adjusted amounts, including any amendments to the budget during the fiscal year.
3) Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of monies are recorded to reserve that portion of the applicable appropriation, is employed as an extension of formal budgetary integration in the Governmental Fund types during the fiscal year. Unexpended appropriations of the governmental funds automatically lapse at the end of the fiscal year. 4) Budgets for the General Fund, Special Revenue Funds, Debt Service Fund, and Capital Projects Funds, with the exception of the Capital Outlay Capital Projects Fund, are adopted on a basis substantially consistent with accounting principles generally accepted in the United States of America (USGAAP). Accordingly, actual revenues and expenditures can be compared with related budgeted amounts without any significant reconciling items. No budgetary comparisons are presented for the proprietary funds, as the City is not legally required to adopt a budget for this type of fund. 5) Under Article XIIIB of the California Constitution (the GANN Spending Limitation Initiative), the City is restricted as to the amount of annual appropriations from proceeds of taxes, and if proceeds of taxes exceed allowed appropriations, the excess must either be refunded to the State Controller or returned to the taxpayers through revised tax rates or revised fee schedules, or an excess in one year may be offset against a deficit in the following year. For the fiscal year ended June 30, 2024, based on calculations by City management, proceeds of taxes did not exceed appropriations.

Page 134 of 408 ends

City of Los Alamitos
Required Supplementary Information, (Continued)
Notes to the Budgetary Comparison Schedule
For the Year Ended June 30, 2024
-70-
2) Excess of Expenditures over Appropriations
The following departments had expenditures that exceeded the adopted budget:

Budget Actual Variance
City attorney 196,000 $ 423,183 $ (227,183) $
Public safety 8,343,859 8,454,827 (110,968)
Recreation and community services 2,458,756 2,706,043 (247,287) Public works 3,465,133 3,800,026 (334,893)
Capital outlay - 1,019,363 (1,019,363)

Page 135 of 408 ends

City of Los Alamitos
Required Supplementary Information, (Continued)
Schedule of City’s Proportionate Share of the Net Pension Liability and Related Ratios – Miscellaneous Plan
For the Year Ended June 30, 2024
-71-
Measurement Date
Proportion of the net
pension liability1
Proportionate share of
the net pension
liability Covered payroll
Proportionate share of
the net pension
liability as a
percentage of
covered payroll
Proportionate share of the
fiduciary net position as a
percentage of the Plan's
total pension liability
6/30/2014 0.072600% 4,518,604 $ 2,042,142 $ 221.27% 79.80% 6/30/2015 0.090100% 6,181,642 2,067,219 299.03% 78.40%
6/30/2016 0.092200% 7,975,904 2,139,951 372.71% 74.10%
6/30/2017 0.092000% 9,127,183 2,067,777 441.40% 73.30%
6/30/2018 0.095300% 8,999,874 1,882,670 478.04% 75.30%
6/30/2019 0.166200% 9,688,016 1,883,036 514.49% 70.40%
6/30/2020 0.179100% 10,333,777 1,853,222 557.61% 69.30% 6/30/2021 0.174000% 7,053,615 1,802,686 391.28% 79.40%
6/30/2022 0.252528% 11,816,355 2,174,409 543.43% 67.45% 6/30/2023 0.248980% 12,449,986 2,726,295 456.66% 67.11% 1 Proportion of the net pension liability represents the plan's proportion of PERF C, which includes both the Miscellaneous and Safety Risk Pools excluding the 1959 Survivors Risk Pool.

Page 136 of 408 ends

City of Los Alamitos
Required Supplementary Information, (Continued)
Schedule of City’s Proportionate Share of the Net Pension Liability and Related Ratios – Safety Plan
For the Year Ended June 30, 2024
-72-
Measurement Date
Proportion of the net
pension liability1
Proportionate share of
the net pension
liability Covered payroll
Proportionate share of
the net pension
liability as a
percentage of
covered payroll
Proportionate share of the
fiduciary net position as a
percentage of the Plan's
total pension liability
6/30/2014 0.089100% 5,542,493 $ 2,385,017 $ 232.39% 79.80% 6/30/2015 0.092200% 6,328,706 2,402,592 263.41% 78.40%
6/30/2016 0.096500% 8,351,809 2,534,307 329.55% 74.10%
6/30/2017 0.098000% 9,719,511 2,655,464 366.02% 73.30%
6/30/2018 0.104700% 9,853,739 2,498,046 394.46% 75.30%
6/30/2019 0.171000% 10,731,155 2,287,551 469.11% 70.40% 6/30/2020 0.069500% 11,805,982 1,935,386 610.01% 69.30% 6/30/2021 0.164300% 7,488,379 2,184,348 342.82% 79.40%
6/30/2022 0.252528% 13,760,996 2,103,050 654.34% 70.04% 6/30/2023 0.198710% 14,853,268 2,416,863 614.57% 69.36% 1 Proportion of the net pension liability represents the plan's proportion of PERF C, which includes both the Miscellaneous and Safety Risk Pools excluding the 1959 Survivors Risk Pool.

Page 137 of 408 ends

City of Los Alamitos
Required Supplementary Information, (Continued)
Schedule of City’s Contributions – Pensions – Miscellaneous Plan For the Year Ended June 30, 2024
-73-
Fiscal Year
Actuarially
Determined
Contribution
Contributions in Relation to the
Actuarially Determined
Contribution
Contribution
Deficiency
(Excess) Covered payroll
Contributions as a
Percentage of
Covered Payroll
2014-2015 228,140 $ (228,140) $ - $ 2,067,219 $ 11.0%
2015-2016 478,168 (478,168) - 2,139,951 22.3%
2016-2017 575,534 (575,534) - 2,067,777 27.8%
2017-2018 607,715 (607,715) - 1,882,670 32.3%
2018-2019 706,647 (706,647) - 1,883,036 37.5%
2019-2020 878,063 (878,063) - 1,853,222 47.4%
2020-2021 902,971 (902,971) - 1,802,686 50.1%
2021-2022 1,016,424 (1,016,424) - 2,174,409 46.7%
2022-2023 1,169,151 (1,169,151) - 2,726,295 42.9%
2023-2024 653,699 (653,699) - 3,604,377 18.1%
Notes to Schedule:

Change in Benefit Terms:

Change in Assumptions:

There were no changes to benefit terms that applied to all members of the Public Agency Pool. Additionally, the figures above do not include any liability impact that may have resulted from Golden Handshakes that occurred after the June 30, 2021 valuation date, unless the liability impact is deemed to be material to the Public Agency Pool.

Effective with the June 30, 2021 valuation date (2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated, combined with risk estimates, and are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions.There were no assumption changes for 2021. For 2020, the Plan adopted a new amortization policy effective with the 2019 actuarial valuation. The new amortization policy shortens the period over which actuarial gains and losses are amortized from 30 years to 20 years with the payments computed as a level dollar amount. In addition, the new policy does not utilize a five-year ramp-up and ramp-down on UAL bases attributable to assumption changes and non-investment gains/losses. The new policy also does not utilize a five-year ramp-down on investment gains/losses. These changes apply only to new UAL bases established on or after June 30, 2019. There were no changes in assumptions in 2019. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate in 2019. In 2017, the accounting discount rate was reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes in the discount rate. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate.

Page 138 of 408 ends

City of Los Alamitos
Required Supplementary Information, (Continued)
Schedule of City’s Contributions – Pensions – Safety Plan For the Year Ended June 30, 2024
-74-
Fiscal Year
Actuarially
Determined
Contribution
Contributions in Relation to the
Actuarially Determined
Contribution
Contribution
Deficiency
(Excess) Covered payroll
Contributions as a
Percentage of
Covered Payroll
2014-2015 605,370 $ (605,370) $ - $ 2,402,592 $ 25.2%
2015-2016 748,750 (748,750) - 2,534,307 29.5%
2016-2017 797,034 (797,034) - 2,655,464 30.0%
2017-2018 847,090 (847,090) - 2,498,046 33.9%
2018-2019 927,772 (927,772) - 2,287,551 40.6%
2019-2020 1,075,926 (1,075,926) - 1,935,386 55.6%
2020-2021 1,163,513 (1,163,513) - 2,184,348 53.3%
2021-2022 1,250,864 (1,250,864) - 2,103,050 59.5%
2022-2023 1,435,023 (1,435,023) - 2,416,863 59.4%
2023-2024 749,339 (749,339) - 2,705,684 27.7%
Notes to Schedule:

Change in Benefit Terms:

Change in Assumptions:

Page 139 of 408 ends

City of Los Alamitos
Required Supplementary Information, (Continued)
Schedule of Changes in the Net OPEB Liability and Related Ratios For the Year Ended June 30, 2024
-75-
Fiscal Year 2024 2023 2022 2021 2020 2019
Total OPEB Liability
Service cost 326,480 $ 309,238 $ 345,491 $ 333,552 $ 192,736 $ 175,452 $ Interest on the total OPEB liability 232,030 228,224 144,055 143,962 164,133 157,013 Experience (gains)/losses 548,754 (394,896) 542,385 - (1,087,077) - Changes in assumptions (8,106) (423,509) (973,560) 31,397 2,824,825 100,644 Benefit payments (428,200) (442,236) (395,761) (383,006) (238,645) (237,974) Net change in total OPEB liability (723,179) 670,958 (337,390) 125,905 1,855,972 195,135 Total OPEB liability - beginning 6,356,967 5,633,788 6,694,357 6,568,452 4,712,480 4,517,345 Total OPEB liability - ending (a) $ 5,633,788 6,304,746 $ 6,356,967 $ 6,694,357 $ 6,568,452 $ 4,712,480 $ Covered-employee payroll(1) $ 5,131,255 5,574,641 $ 4,277,459 $ 4,700,996 $ 4,502,169 $ 4,380,716 $ Total OPEB liability as a percentage of covered-employee payroll 113.10% 109.79% 148.62% 142.40% 145.90% 107.57% Notes to Schedule:
* Historical information is required only for measurement for which GASB 75 is applicable.

Changes in assumptions: For 2024, the discount rate increased from 3.86% to 3.93% based on the municipal bond index. Assumed rates of retirement, termination, and mor updated to align with those currently being used by the statewide pension systems. For 2023, the discount rate increased from 3.45% to 3.86% based on the municipal bond inde discount rate increased from 2.16% to 3.45% based on the updated municipal bond index. (1) Contributions to the OPEB plan are not based on a measure of pay, therefore covered employee payroll is used.

No assets are accumulated in a trust that meets the criteria of GASB 75 to pay related benefits.

Page 140 of 408 ends

SUPPLEMENTARY INFORMATION

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Page 142 of 408 ends

City of Los Alamitos
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
-76-
Special Revenue Funds
Community
Development Los Office
Block Alamitos of Traffic
Grant Measure M Television Safety
ASSETS
Cash and investments 360 $ 810,480 $ 56,833 $ 125,629 $ Receivables:

Due from other governments 127,868 49,074 3,952 2,212.00 Cash and investments - restricted - - - -
Total Assets 128,228 $ 859,554 $ 60,785 $ 127,841 $

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable 32,410 $ 13,586 $ 3,553 $ - $
Unearned revenues - - - -
Deposits payable - - - -
Due to other funds 210,000 - - -
Total Liabilities 242,410 13,586 3,553 -
Fund Balances:

Restricted - 845,968 57,232 127,841
Committed - - - -
Assigned - - - -
Unassigned (114,182) - - -
Total Fund Balances (Deficit) (114,182) 845,968 57,232 127,841 Total Liabilities, Deferred Inflows
Total Liabilities and Fund Balances 128,228 $ 859,554 $ 60,785 $ 127,841 $

Page 143 of 408 ends

City of Los Alamitos
Combining Balance Sheet, (Continued)
Nonmajor Governmental Funds
June 30, 2024
-77-
Special Revenue Funds
Public State Law
Asset Safety Enforcement Air
Seizure Augmentation Agency Quality
ASSETS
Cash and investments 49,091 $ 26,663 $ 324,122 $ 187,518 $ Receivables:

Due from other governments 8,800 24,533 - -
Cash and investments - restricted - - - -
Total Assets 57,891 $ 51,196 $ 324,122 $ 187,518 $

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable - $ - $ - $ - $
Unearned revenues - - - -
Deposits payable 10,279 - - -
Due to other funds - - - -
Total Liabilities 10,279 - - -
Fund Balances:

Restricted 47,612 51,196 324,122 187,518
Committed - - - -
Assigned - - - -
Unassigned - - - -
Total Fund Balances (Deficit) 47,612 51,196 324,122 187,518 Total Liabilities, Deferred Inflows
Total Liabilities and Fund Balances 57,891 $ 51,196 $ 324,122 $ 187,518 $

Page 144 of 408 ends

City of Los Alamitos
Combining Balance Sheet, (Continued)
Nonmajor Governmental Funds
June 30, 2024
-78-
Special
Revenue
Funds Capital Projects Funds
State Residential
Gas Park Building Streets/
Tax Development Improvement Alleys
ASSETS
Cash and investments 277,959 $ 765,178 $ 396,724 $ 7,131 $ Receivables:

Due from other governments 92,822 - - -
Cash and investments - restricted - - - -
Total Assets 370,781 $ 765,178 $ 396,724 $ 7,131 $

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable 16,866 $ - $ - $ - $
Unearned revenues - - - -
Deposits payable - - - -
Due to other funds - - - -
Total Liabilities 16,866 - - -
Fund Balances:

Restricted - 765,178 - -
Committed 353,915 - - -
Assigned - - 396,724 7,131
Unassigned - - - -
Total Fund Balances (Deficit) 353,915 765,178 396,724 7,131 Total Liabilities, Deferred Inflows
Total Liabilities and Fund Balances 370,781 $ 765,178 $ 396,724 $ 7,131 $

Page 145 of 408 ends

City of Los Alamitos
Combining Balance Sheet, (Concluded)
Nonmajor Governmental Funds
June 30, 2024
-79-
Capital Debt
Projects Service
Funds Fund
Total
Nonmajor
Traffic Debt Governmental
Improvement Service Funds
ASSETS
Cash and investments 242,474 $ 12,318 $ 3,282,480 $
Receivables:

Due from other governments - - 309,261
Cash and investments - restricted - 249 249
Total Assets 242,474 $ 12,567 $ 3,591,990 $

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable - $ - $ 66,415 $
Unearned revenues 136,779 - 136,779
Deposits payable - - 10,279
Due to other funds - - 210,000
Total Liabilities 136,779 - 423,473
Fund Balances:

Restricted 27,552 - 2,434,219
Committed 78,143 - 432,058
Assigned - 12,567 416,422
Unassigned - - (114,182)
Total Fund Balances (Deficit) 105,695 12,567 3,168,517
Total Liabilities, Deferred Inflows
Total Liabilities and Fund Balances 242,474 $ 12,567 $ 3,591,990 $

Page 146 of 408 ends

City of Los Alamitos
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2024
-80-
Special Revenue Funds
Community
Development Los Office
Block Alamitos of Traffic
Grant Measure M Television Safety

REVENUES
Taxes - $ - $ 21,003 $ - $
Intergovernmental 357,396 - - -
Investment earnings 463 10,472 1,484 2,890
Fines and forfeitures - - - 23,458
Program revenues - 357,601 - -
Miscellaneous - - 1,178 -
Total Revenues 357,859 368,073 23,665 26,348

EXPENDITURES
Current:

General government - - 27,690 -
Public works - - - -
Capital outlay 357,859 67,352 - -
Debt service:

Principal - - - -
Interest and fiscal charges - - - -
Total Expenditures 357,859 67,352 27,690 -
Revenues Over (Under) Expenditures - 300,721 (4,025) 26,348

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers out - - - (5,000)
Total Other Financing Sources (Uses) - - - (5,000)
Change in Fund Balances - 300,721 (4,025) 21,348
Fund Balances (Deficits), Beginning of Year (114,182) 545,247 61,257 106,493 Fund Balances (Deficits), End of Year (114,182) $ 845,968 $ 57,232 $ 127,841 $

Page 147 of 408 ends

City of Los Alamitos
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances, (Continued)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024
-81-
Special Revenue Funds
Public State Law
Asset Safety Enforcement Air
Seizure Augmentation Agency Quality

REVENUES
Taxes - $ 152,002 $ - $ - $
Intergovernmental - - 186,159 16,194
Investment earnings 7,766 452 8,700 4,368
Fines and forfeitures - - - -
Program revenues - - - -
Miscellaneous 11,257 - - -
Total Revenues 19,023 152,454 194,859 20,562

EXPENDITURES
Current:

General government - - - -
Public works - - - -
Capital outlay - - - -
Debt service:

Principal - - - -
Interest and fiscal charges - - - -
Total Expenditures - - - -
Revenues Over (Under) Expenditures 19,023 152,454 194,859 20,562

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers out - (105,000) (140,000) -
Total Other Financing Sources (Uses) - (105,000) (140,000) - Change in Fund Balances 19,023 47,454 54,859 20,562
Fund Balances (Deficits), Beginning of Year 28,589 3,742 269,263 166,956 Fund Balances, End of Year 47,612 $ 51,196 $ 324,122 $ 187,518 $

Page 148 of 408 ends

City of Los Alamitos
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances, (Continued)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024
-82-
Special
Revenue
Funds Capital Projects Funds
State Residential
Gas Park Building Streets/
Tax Development Improvement Alleys

REVENUES
Taxes 651,178 $ - $ - $ - $
Intergovernmental - - - -
Investment earnings 6,975 18,636 8,953 189
Fines and forfeitures - - - -
Program revenues - - - -
Miscellaneous - 91 - -
Total Revenues 658,153 18,727 8,953 189

EXPENDITURES
Current:

General government - - - -
Public works - - - -
Capital outlay 240,727 - 86,730 -
Debt service:

Principal - - - -
Interest and fiscal charges - - - -
Total Expenditures 240,727 - 86,730 -
Revenues Over (Under) Expenditures 417,426 18,727 (77,777) 189

OTHER FINANCING SOURCES (USES)
Transfers in - - 150,000 -
Transfers out (120,000) - - -
Total Other Financing Sources (Uses) (120,000) - 150,000 - Change in Fund Balances 297,426 18,727 72,223 189
Fund Balances (Deficits), Beginning of Year 56,489 746,451 324,501 6,942 Fund Balances, End of Year 353,915 $ 765,178 $ 396,724 $ 7,131 $

Page 149 of 408 ends

City of Los Alamitos
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances, (Concluded)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024
-83-
Capital Debt
Projects Service
Funds Fund
Total
Nonmajor
Traffic Debt Governmental
Improvement Service Funds

REVENUES
Taxes - $ - $ 824,183 $
Intergovernmental - - 559,749
Investment earnings 5,933 1,346 78,627
Fines and forfeitures - - 23,458
Program revenues - - 357,601
Miscellaneous - - 12,526
Total Revenues 5,933 1,346 1,856,144

EXPENDITURES
Current:

General government - - 27,690
Public works 82 - 82
Capital outlay - - 752,668
Debt service:

Principal - 85,000 85,000
Interest and fiscal charges - 122,518 122,518
Total Expenditures 82 207,518 987,958
Revenues Over (Under) Expenditures 5,851 (206,172) 868,186

OTHER FINANCING SOURCES (USES)
Transfers in - 211,500 361,500
Transfers out - - (370,000)
Total Other Financing Sources (Uses) - 211,500 (8,500)
Change in Fund Balances 5,851 5,328 859,686
Fund Balances (Deficits), Beginning of Year 99,844 7,239 2,308,831 Fund Balances, End of Year 105,695 $ 12,567 $ 3,168,517 $

Page 150 of 408 ends

City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
Community Development Block Grant Special Revenue Fund
For the Year Ended June 30, 2024
-84-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance (Deficit), Beginning $ (114,182) (114,182) $ - $ Revenues (Inflows):

Intergovernmental 300,000 357,396 57,396
Investment earnings - 463 463
Amount Available for Appropriations 300,000 357,859 57,859 Charges to Appropriations (Outflows):

Capital outlay 650,000 357,859 292,141
Total Charges to Appropriations 650,000 357,859 292,141 Fund Balance (Deficit), Ending (464,182) $ (114,182) $ 350,000 $

Page 151 of 408 ends

City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
Measure M Special Revenue Fund
For the Year Ended June 30, 2024
-85-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning $ 545,247 545,247 $ - $
Revenues (Inflows):

Investment earnings 3,300 10,472 7,172
Program revenues 227,000 357,601 130,601
Amount Available for Appropriations 230,300 368,073 137,773 Charges to Appropriations (Outflows):

Capital outlay 560,000 67,352 492,648
Total Charges to Appropriations 560,000 67,352 492,648
Fund Balance, Ending 215,547 $ 845,968 $ 630,421 $

Page 152 of 408 ends

City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
Los Alamitos Television Special Revenue Fund
For the Year Ended June 30, 2024
-86-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning $ 61,257 61,257 $ - $
Revenues (Inflows):

Taxes 20,000 21,003 1,003
Investment earnings 500 1,484 984
Miscellaneous - 1,178 1,178
Amount Available for Appropriations 20,500 23,665 3,165 Charges to Appropriations (Outflows):

General government 34,320 27,690 6,630
Total Charges to Appropriations 34,320 27,690 6,630
Fund Balance, Ending 47,437 $ 57,232 $ 9,795 $

Page 153 of 408 ends

City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
Office of Traffic Safety Special Revenue Fund
For the Year Ended June 30, 2024
-87-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning $ 106,493 106,493 $ - $
Revenues (Inflows):

Investment earnings 500 2,890 2,390
Fines and forfeitures 15,000 23,458 8,458
Amount Available for Appropriations 15,500 26,348 10,848 Charges to Appropriations (Outflows):

Transfers out 5,000 5,000 -
Total Charges to Appropriations 5,000 5,000 -
Fund Balance, Ending 116,993 $ 127,841 $ 10,848 $

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City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
Asset Seizure Special Revenue Fund
For the Year Ended June 30, 2024
-88-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning $ 28,589 28,589 $ - $
Revenues (Inflows):

Investment earnings 50 7,766 7,716
Miscellaneous - 11,257 11,257
Amount Available for Appropriations 50 19,023 18,973
Fund Balance, Ending 28,639 $ 47,612 $ 18,973 $

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City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
Public Safety Augmentation Special Revenue Fund
For the Year Ended June 30, 2024
-89-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning $ 3,742 3,742 $ - $
Revenues (Inflows):

Taxes 141,672 152,002 10,330
Investment earnings 150 452 302
Amount Available for Appropriations 141,822 152,454 10,632 Charges to Appropriations (Outflows):

Transfers out 105,000 105,000 -
Total Charges to Appropriations 105,000 105,000 -
Fund Balance, Ending 40,564 $ 51,196 $ 10,632 $

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City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
State Law Enforcement Agency Special Revenue Fund
For the Year Ended June 30, 2024
-90-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning $ 269,263 269,263 $ - $
Revenues (Inflows):

Intergovernmental 170,000 186,159 16,159
Investment earnings 1,200 8,700 7,500
Amount Available for Appropriations 171,200 194,859 23,659 Charges to Appropriations (Outflows):

Transfers out 140,000 140,000 -
Total Charges to Appropriations 140,000 140,000 -
Fund Balance, Ending 300,463 $ 324,122 $ 23,659 $

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City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
Air Quality Special Revenue Fund
For the Year Ended June 30, 2024
-91-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning, As Restated $ 166,956 166,956 $ - $ Revenues (Inflows):

Intergovernmental 15,000 16,194 1,194
Investment earnings 700 4,368 3,668
Amount Available for Appropriations 15,700 20,562 4,862 Fund Balance, Ending 182,656 $ 187,518 $ 4,862 $

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City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
State Gas Tax Special Revenue Fund
For the Year Ended June 30, 2024
-92-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning $ 56,489 56,489 $ - $
Revenues (Inflows):

Taxes 639,853 651,178 11,325
Investment earnings 1,300 6,975 5,675
Amount Available for Appropriations 641,153 658,153 17,000 Charges to Appropriations (Outflows):

Capital outlay 960,000 240,727 719,273
Transfers out 120,000 120,000 -
Total Charges to Appropriations 1,080,000 360,727 719,273 Fund Balance, Ending (382,358) $ 353,915 $ 736,273 $

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City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
Park Development Capital Projects Fund
For the Year Ended June 30, 2024
-93-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning $ 746,451 746,451 $ - $
Revenues (Inflows):

Investment earnings 5,000 18,636 13,636
Miscellaneous - 91 91
Amount Available for Appropriations 5,000 18,727 13,727 Fund Balance, Ending 751,451 $ 765,178 $ 13,727 $

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City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
Building Improvement Capital Projects Fund
For the Year Ended June 30, 2024
-94-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning $ 324,501 324,501 $ - $
Revenues (Inflows):

Investment earnings 400 8,953 8,553
Transfers in 150,000 150,000 -
Amount Available for Appropriations 150,400 158,953 8,553 Charges to Appropriations (Outflows):

Capital outlay 72,000 86,730 (14,730)
Total Charges to Appropriations 72,000 86,730 (14,730)
Fund Balance, Ending 402,901 $ 396,724 $ (6,177) $

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City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
Residential Streets/Alleys Capital Projects Fund
For the Year Ended June 30, 2024
-95-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning $ 6,942 6,942 $ - $
Revenues (Inflows):

Investment earnings 50 189 139
Amount Available for Appropriations 50 189 139
Fund Balance, Ending 6,992 $ 7,131 $ 139 $

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City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
Traffic Improvement Capital Projects Fund
For the Year Ended June 30, 2024
-96-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning $ 99,844 99,844 $ - $
Revenues (Inflows):

Charges for services 2,000 - (2,000)
Investment earnings 3,000 5,933 2,933
Amount Available for Appropriations 5,000 5,933 933
Charges to Appropriations (Outflows):

Public works - 82 (82)
Total Charges to Appropriations - 82 (82)
Fund Balance, Ending 104,844 $ 105,695 $ 851 $

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City of Los Alamitos
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
Debt Service Fund
For the Year Ended June 30, 2024
-97-
Budgeted
Amounts Actual Variance with
Final Amounts Final Budget
Fund Balance, Beginning $ 7,239 7,239 $ - $
Revenues (Inflows):

Investment earnings - 1,346 1,346
Transfers in 211,500 211,500 -
Amount Available for Appropriations 211,500 212,846 1,346 Charges to Appropriations (Outflows):

Debt Service:

Principal 85,000 85,000 -
Interest and fiscal charges 126,769 122,518 4,251
Total Charges to Appropriations 211,769 207,518 4,251
Fund Balance, Ending 6,970 $ 12,567 $ 5,597 $

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City of Los Alamitos
Combining Statement of Net Position
All Internal Service Funds
June 30, 2024
-98-
Facilities,
Police Streets, Parks SelfTechnology Capital and Pool Capital Insurance Garage Replacement Expenditures Expenditures Trust Total ASSETS
Current assets:

Cash and investments 8,961 $ - $ 48,399 $ - $ - $ 57,360 $ Accounts receivable - - - - 1,513,082 1,513,082
Total Current Assets 8,961 - 48,399 - 1,513,082 1,570,442 Noncurrent assets:

Capital assets - net of accumulated depreciation 971,993 - 143,995 325,317 - 1,441,305 Total Noncurrent Assets 971,993 - 143,995 325,317 - 1,441,305 Total Assets 980,954 - 192,394 325,317 1,513,082 3,011,747

LIABILITIES
Current liabilities:

Accounts payable 24,975 144,298 - 72,657 64,263 306,193 Accrued interest 1,279 - - - - 1,279
Due to other funds - 58,833 - 892,576 1,088,789 2,040,198 Accrued claims and judgements - - - - 72,959 72,959
Leases payable 111,549 - 30,700 - - 142,249
Total Current Liabilities 137,803 203,131 30,700 965,233 1,226,011 2,562,878 Long-term liabilities:

Claims and judgements - - - - 94,961 94,961
Leases payable 270,858 - 96,370 - - 367,228
Total Long-term Liabilities 270,858 - 96,370 - 94,961 462,189 Total Liabilities 408,661 203,131 127,070 965,233 1,320,972 3,025,067

NET POSITION (DEFICIT)
Net investment in capital assets 589,586 - 16,925 325,317 - 931,828 Unrestricted (17,293) (203,131) 48,399 (965,233) 192,110 (945,148) Total Net Position 572,293 $ (203,131) $ 65,324 $ (639,916) $ 192,110 $ (13,320) $

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City of Los Alamitos
Combining Statement of Revenues, Expenses, and Changes in Net Position All Internal Service Funds
For the Year Ended June 30, 2024
-99-
Facilities,
Police Streets, Parks SelfTechnology Capital and Pool Capital Insurance Garage Replacement Expenditures Expenditures Trust Total

OPERATING REVENUES
Charges for services:

Garage 373,510 $ - $ - $ - $ - $ 373,510 $
Technology replacement - 190,000 - - - 190,000
Miscellaneous - - - - 622,557 622,557
Total Operating Revenues 373,510 190,000 - - 622,557 1,186,067

OPERATING EXPENSES
Supplies and materials 152,925 256,895 24,106 - - 433,926 Outside services 99,861 171,623 - 1,427,611 - 1,699,095 Claims expense - - - - - -
Depreciation 236,660 - 13,090 7,340 - 257,090
Total Operating Expenses 489,446 428,518 37,196 1,434,951 - 2,390,111 Operating Ioss (115,936) (238,518) (37,196) (1,434,951) 622,557 (1,204,044)

NON-OPERATING REVENUES (EXPENSES)
Interest expense (55,044) - (3,585) - - (58,629)
Total Non-operating Revenues (Expenses) (55,044) - (3,585) - - (58,629) INCOME BEFORE TRANSFERS (238,518) (170,980) (40,781) (1,434,951) 622,557 (1,262,673) Transfers in - - - 100,000 560,000 660,000
Total Transfers - - - 100,000 560,000 660,000
Change in Net Position (170,980) (238,518) (40,781) (1,334,951) 1,182,557 (602,673) Net Position, Beginning of Year 743,273 35,387 106,105 695,035 (990,447) 589,353 Net Position, End of Year 572,293 $ (203,131) $ 65,324 $ (639,916) $ 192,110 $ (13,320) $

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City of Los Alamitos
Combining Statement of Cash Flows
All Internal Service Funds
For the Year Ended June 30, 2024
-100-
Facilities,
Police Streets, Parks SelfTechnology Capital and Pool Capital Insurance Garage Replacement Expenditures Expenditures Trust Total

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from interfund charges for garage services 373,510 $ - $ - $ - $ - $ 373,510 $ Receipts from interfund charges for technology
replacement services - 190,000 - - - 190,000
Payments to suppliers and service providers (256,095) (299,452) (54,106) (1,378,391) (1,424,716) (3,412,760) Cash received from (payments to) others - - - - (890,525) (890,525) Net Cash Provided by (Used for) Operating Activities 117,415 (109,452) (54,106) (1,378,391) (2,315,241) (3,739,775)

CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES
Transfers in - - - 100,000 560,000 660,000
Net borrowings (repayments) to other funds - 58,833 - 892,576 1,088,789 2,040,198 Net Cash Provided by Non-Capital
Financing Activities - 58,833 - 992,576 1,648,789 2,700,198

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Acquisition and construction of capital assets (401,572) - - - - (401,572) Principal paid on capital debt (81,096) - (30,015) - - (111,111) Interest paid on capital debt (55,044) - (3,585) - - (58,629) Net Cash Used for Capital and Related
Financing Activities (537,712) - (33,600) - - (571,312) Net increase (decrease) in cash and cash equivalents (420,297) (50,619) (87,706) (385,815) (666,452) (1,610,889) Cash and equivalents, beginning of year 429,258 50,619 136,105 385,815 666,452 1,668,249 Cash and equivalents, end of year 8,961 $ - $ 48,399 $ - $ - $ 57,360 $

RECONCILIATION OF OPERATING LOSS TO NET CASH

PROVIDED BY (USED FOR) OPERATING ACTIVITIES
Operating loss (115,936) $ (238,518) $ (37,196) $ (1,434,951) $ 622,557 $ (1,204,044) $ Adjustments to reconcile operating loss to net cash
provided by (used for) operating activities:

Depreciation 236,660 - 13,090.00 7,340 - 257,090
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable - - - - (1,513,082) (1,513,082) Increase (decrease) in accounts payable (3,309) 129,066 (30,000) 49,220 31,153 176,130 Increase (decrease) in claims and judgements - - - - (1,455,869) (1,455,869) Total Adjustments 233,351 129,066 (16,910) 56,560 (2,937,798) (2,535,731) Net Cash Provided by (Used for) Operating Activities 117,415 $ (109,452) $ (54,106) $ (1,378,391) $ (2,315,241) $ (3,739,775) $

NONCASH INVESTING, CAPITAL AND FINANCING ACTIVITIES
Lease liability 133,961 $ - $ 157,085 $ - $ - $ 291,046 $ Lease acquisition (133,961) - (157,085) - - (291,046)

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STATISTICAL SECTION

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City of Los Alamitos
Statistical Section
For the Year Ended June 30, 2023
This part of the City of Los Alamitos’s Annual Comprehensive Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information say about the government’s overall financial health.

CONTENTS Page
Financial Trends: These schedules contain trend information to help the reader understands how the City’s financial performance and well-being has changed over time .......................................................................................... 101 Revenue Capacity: These schedules contain trend information to help the reader assesses the factors affecting the City’s most significant revenue source, property tax ................................................................................................................ 108 Debt Capacity: These schedules present information to help the reader assesses the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future ........................... 115 Demographic and Economic Information: These schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activities take place ......................................................................... 118 Operating Information: These schedules contain service and infrastructure data to help the reader understand how the information in the City’s financial report relates to the services the City provides and the activities it performs ......................... 120

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City of Los Alamitos
Net Position by Component
Last Ten Fiscal Years
(Accrual basis of accounting)
(Amounts expressed in thousands)
-101-
2015* 2016 2017** 2018 2019
Governmental activities:

Net investment in capital assets 13,519 $ 12,658 $ 14,156 $ 15,281 $ 15,315 $ Restricted 713 1,334 764 761 1,350
Unrestricted (4,126) (3,828) (5,506) (10,679) (10,746)
Total governmental activities net position 10,106 $ 10,164 $ 9,414 $ 5,363 $ 5,919 $ 2020 2021 2022 2023 2024
Governmental activities:

Net investment in capital assets 15,776 $ 15,623 $ 16,545 $ 17,439 $ 22,099 $ Restricted 1,453 2,153 2,353 1,950 2,434
Unrestricted (11,287) (9,608) (5,197) (1,899) (3,442)
Total governmental activities net position 5,942 $ 8,168 $ 13,701 $ 17,490 $ 21,091 $ Source: City of Los Alamitos, Finance Department
* In Fiscal Year 2014-15 the City implemented GASB Statement No. 68, which resulted in a $12.8 million decrease to the City's net position in relation to accounting for the City's net pension liability and related deferrals.
** In Fiscal Year 2017-18 the City implemented GASB Statement No. 75, which resulted in a $3.6 million decrease to the City's net position in relation to accounting for the City's total OPEB liability. (15 )
(10 )
(5)
‐
5 10
15 20
25 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Millions
NetInvestmentin capital assets Restricted Unrestricted

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City of Los Alamitos
Changes in Net Position
Last Ten Fiscal Years
(Accrual basis of accounting)
(Amounts expressed in thousands)
-102-
2015 2016 2017 2018 2019
Expenses
Governmental activities:

General government 2,646 $ 2,976 $ 2,830 $ 3,517 $ 3,135 $ Public safety 5,463 5,732 6,922 6,311 6,556
Community development 714 685 775 1,104 986
Recreation and community services 1,772 1,834 1,783 1,811 1,746 Public works 2,592 2,339 2,306 2,314 2,415
Interest and fiscal charges 138 302 148 141 142
Total governmental activities expenses 13,325 13,868 14,764 15,198 14,980 Program Revenues
Governmental activities:

Charges for services
General government 205 225 272 814 831
Public safety 752 808 825 859 916
Community development 141 80 100 198 3
Recreation and community services 1,301 1,225 1,087 956 937 Public works 2 139 - - 167
Operating grants 293 398 453 151 442
Capital grants and contributions 629 530 369 391 254
Total governmental activities program revenues 3,323 3,405 3,106 3,369 3,550 Net (expense)/revenue
Governmental activities (10,002) (10,463) (11,658) (11,829) (11,430) General Revenues and Other Changes
in Net Position
Governmental activities:

Taxes
Property 2,954 3,118 3,603 3,773 3,946
Utility users tax 2,210 2,092 2,037 2,034 1,968
Transient occupancy 132 156 159 167 160
Sales 3,064 3,357 3,160 3,336 3,597
Franchise 712 709 669 691 688
Business license 563 566 609 647 684
Other 348 251 339 429 557
10,249 9,983 10,576 11,077 11,600
Investment income 30 86 63 102 271
Gain on Sale of property - - - 19 -
Other 146 185 269 182 115
Total governmental activities 10,159 10,520 10,908 11,380 11,986 Changes in Net Position
Governmental activities 157 $ 57 $ (750) $ (449) $ 556 $ Source: City of Los Alamitos Finance Department

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Los Alamitos City CouncilMarch 24, 2025

Los Alamitos City Council
March 24, 2025