Agenda packet, second session — Malibu City Council, February 12, 2024 (part 1 of 3)

PLEASE DOWNLOAD THE AGENDA DOCUMENT FOR

INSTRUCTIONS ON HOW TO PARTICIPATE IN THE MEETING
Amended Agenda
CC240212_AGENDA_AMENDED_.PDF
Item 3B2
Approve Warrants
CC240212_ITEM 3B2.PDF
Item 3B3
Approval of Minutes
CC240212_ITEM 3B3.PDF
Item 3B4
Fiscal Year 2022-23 Fourth Quarter Financial Report
CC240212_ITEM 3B4.PDF
Item 3B5
Fiscal Year 2023-24 First Quarter Financial Report
CC240212_ITEM 3B5.PDF
Item 3B6
Annual Comprehensive Financial Report and Management Letter for Fiscal Year 2022-23 CC240212_ITEM 3B6.PDF
Item 3B7
Disposal of Surplus Property

1. Documents:

2. Documents:

3. Documents:

4. Documents:

5. Documents:

6. Documents:

7. Documents:

Item 3B7
Disposal of Surplus Property
CC240212_ITEM 3B7.PDF
Item 3B8
Amendment to Professional Services Agreement with Kimley Horn and Associates, Inc.

CC240212_ITEM 3B8.PDF
Item 3B9
Amendment to Professional Services Agreement with STLR Corporation, dba Ryland School Business Consulting
CC240212_ITEM 3B9.PDF
Item 3B10
Amendment to Professional Services Agreement with California Coastal Works, LLC CC240212_ITEM 3B10.PDF
3B11
Malibu Education Foundation General Fund Grant Memorandum of Understanding CC240212_ITEM 3B11.PDF
3B12
Resolution Ratifying the Director of Emergency Services’ Proclamation of Existence of a Local Emergency
CC240212_ITEM 3B12.PDF
Item 6A
School Safety Assessment (Continued from January 22, 2024) CC240212_ITEM 6A.PDF
Item 4A

7. Documents:

8. Documents:

9. Documents:

10. Documents:

11. Documents:

12. Documents:

13. Documents:

14. CC240212_ITEM 6A.PDF
Item 4A
Exterior Elevated Elements (E3) Ordinance (Continued from January 22, 2024) CC240212_ITEM 4A.PDF
Item 6B
Fiscal Year 2023-24 Second Quarter Financial Report and Mid-Year Budget Amendments CC240212_ITEM 6B.PDF
Item 6C
Malibu Little League Fee Waiver
CC240212_ITEM 6C.PDF
Item 6D
Agreement for Community Outreach and Education Related to City-Owned Vacant Lots CC240212_ITEM 6D.PDF
Item 6E
Malibu Farmer’s Market
CC240212_ITEM 6E.PDF
CC240212_ITEM 6E_SUPPLEMENTAL.PDF
Item 6F
Strategic Plan Project Update
CC240212_ITEM 6F.PDF
Item 7A
Designation of Voting Delegate and Alternate Voting Delegate(s) for the 2024 Southern California Association of Governments (SCAG) Annual Regional Conference and General Assembly
Documents:

14. Documents:

15. Documents:

16. Documents:

17. Documents:

18. Documents:

19. Documents:

20. Documents:

Item 7A
Designation of Voting Delegate and Alternate Voting Delegate(s) for the 2024 Southern California Association of Governments (SCAG) Annual Regional Conference and General Assembly
CC240212_ITEM 7A.PDF
Item 7B
Proposed Advocacy for Changes to the California State Vehicle Code to Deter Excessive Speeding on PCH (Mayor Pro Tem Stewart and Councilmember Grisanti) CC240212_ITEM 7B.PDF

20. Documents:

21. Documents:

HOW TO VIEW THE MEETING: The meeting will be live streamed at www.malibucity.org/video and via Zoom Webinar.

HOW TO PARTICIPATE BEFORE THE MEETING: Members of the public are encouraged to submit email correspondence to [email protected] before the meeting begins.

HOW TO PARTICIPATE IN-PERSON DURING THE MEETING: Members of the public may speak during the meeting in-person or through the Zoom application. In order to participate in-person, each speaker must complete and submit to the Recording Secretary a Request to Speak form. In-person participants may also surrender their opportunity to speak on a particular item to defer one minute to another in-person speaker.

HOW TO PARTICIPATE REMOTELY DURING THE MEETING: Members of the public may speak during the meeting in-person or through the Zoom application. In order to participate remotely, you must be present in the Zoom Webinar during the item that you would like to speak on and use the Raise Hand feature to request to speak when the Mayor calls the item. When you join the Zoom Webinar you may see a pop-up asking you to enter an email address, but a valid email address is not required. Be advised that those participating via Zoom do so at their own risk; remote participants should not expect the meeting to be cancelled or continued due the inability of some members of the public to access the remote meeting.

Amended1 Malibu City Council
Regular Meeting Agenda
Monday, February 12, 2024
6:30 P.M. – CITY COUNCIL REGULAR MEETING
City Hall – Council Chambers
23825 Stuart Ranch Road
Zoom Webinar Link:
https://us02web.zoom.us/j/81325976556
Six-thirty p.m. Regular Session
Call to Order - Mayor
Roll Call - Recording Secretary
Pledge of Allegiance
Report on Posting of Agenda – February 2, 2024; Amended Agenda posted February 9, 2024 Approval of Agenda
1 See the removal of Closed Session (rescheduled for a special meeting) and the addition of Consent Calendar Item Nos. 3.B.11. and

3.B.12.

AMENDED City Council Regular Meeting Agenda Page - 2 - February 12, 2024

1. Ceremonial/Presentations
None.

2. Written and Oral Communications from the Public
A. Communications from the Public concerning matters which are not on the agenda but for which the City Council has subject matter jurisdiction. City Council may not act on these matters except to refer the matters to staff or schedule the matters for a future agenda.

B. Commission / Committee / City Manager Updates
C. City Council Subcommittee reports / Mayor and Councilmember meeting attendance, reports and inquiries

3. Consent Calendar
A. Previously Discussed Items
None.

B. New Items

1. Waive Further Reading
Recommended Action: After the City Attorney has read the title, waive full reading of ordinances considered on this agenda for introduction on first reading and/or second reading and adoption.

Staff Contact: Interim City Attorney Rusin, 456-2489, ext. 228

2. Approve Warrants
Recommended Action: Allow and approve warrant demand numbers 71300-71511 on the register from the General Fund and direct the City Manager to pay out the funds to each of the claimants listed in Warrant Register No. 740 in the amount of the warrant appearing opposite their names, for the purposes stated on the respective demands in a total amount of $2,268,192.75.City of Malibu payroll check number 5399-5406 and ACH deposits were issued in the amount of $869,531.11.

Staff Contact: Assistant City Manager Toney, 456-2489, ext. 224

3. Approval of Minutes
Recommended Action: Approve the minutes for the July 10, 2023 Malibu City Council Regular meeting, August 7, 2023 Malibu City Council Special meeting, and August 14, 2023 Malibu City Council Regular meeting.

Staff Contact: City Clerk Pettijohn, 456-2489, ext. 228 AMENDED City Council Regular Meeting Agenda Page - 3 - February 12, 2024

4. Fiscal Year 2022-23 Fourth Quarter Financial Report
Recommended Action: Receive and file Fiscal Year (FY) 2022-23 Fourth Quarter financial information.

Staff Contact: Assistant City Manager Toney, 456-2489, ext. 224

5. Fiscal Year 2023-24 First Quarter Financial Report
Recommended Action: Receive and file Fiscal Year (FY) 2023-24 First Quarter financial information.

Staff Contact: Assistant City Manager Toney, 456-2489, ext. 224

6. Annual Comprehensive Financial Report and Management Letter for Fiscal Year 2022-23 Recommended Action: Receive and file the Annual Comprehensive Financial Report (ACFR) for Fiscal Year 2022-23.

Staff Contact: Assistant City Manager Toney, 456-2489, ext. 224

7. Disposal of Surplus Property
Recommended Action: Approve the disposal of surplus City equipment.

Staff Contact: Deputy City Manager Brown, 456-2489, ext. 300

8. Amendment to Professional Services Agreement with Kimley Horn and Associates, Inc.

Recommended Action: Authorize the Mayor to execute Amendment No. 4 to the Professional Services Agreement with Kimley Horn and Associates, Inc. in the amount of $297,850 for a total not to exceed $3,240,860 for additional engineering design during construction and extending the term of the agreement for the Pacific Coast Highway Signal Synchronization Project.

Staff Contact: Public Works Director DuBoux, 456-2489, ext. 339

9. Amendment to Professional Services Agreement with STLR Corporation, dba Ryland School Business Consulting
Recommended Action: Authorize the Mayor to execute Amendment No. 8 to the Professional Services Agreement with STLR Corporation, dba Ryland School Business Consulting for a total contract amount of $477,710.

Staff Contact: Deputy City Manager Brown, 456-2489, ext. 300 AMENDED City Council Regular Meeting Agenda Page - 4 - February 12, 2024

10. Amendment to Professional Services Agreement with California Coastal Works, LLC Recommended Action: Authorize the Mayor to execute Amendment No. 3 to Agreement with California Coastal Works, LLC for planning contract services to extend the term of the agreement and increase the total compensation.

Staff Contact: Planning Director Mollica, 456-2489, ext. 346

11. Malibu Education Foundation General Fund Grant Memorandum of Understanding Recommended Action: 1) Authorize the Mayor to execute the Memorandum of Understanding (MOU) between the City and the Malibu Education Foundation (MEF) for a General Fund Grant establishing a centralized fundraising entity upon approval of the MEF’s articles of incorporation by the Secretary of State; and 2) Appropriate one-time funding of $353,100 from the General Fund Undesignated Reserve to Account 100-7007- 5930-02 (City Council-Community Grants).

Staff Contact: Assistant City Manager Toney, 456-2489, ext. 224

12. Resolution Ratifying the Director of Emergency Services’ Proclamation of Existence of a Local Emergency
Recommended Action: Adopt Resolution No. 24-05 ratifying the proclamation of existence of a local emergency by the Director of Emergency Services.

Staff Contact: City Clerk Pettijohn, 456-2489, ext. 228

6. New Business
A. School Safety Assessment (Continued from January 22, 2024) Recommended Action: 1) Receive a report on the School Safety Assessment; and 2) Provide direction to staff as appropriate.

Staff Contact: Public Safety Director Dueñas, 456-2489, ext. 313

4. Ordinances and Public Hearings
A. Exterior Elevated Elements (E3) Ordinance (Continued from January 22, 2024) Recommended Action: 1) After the City Attorney reads the title of the ordinance, introduce on first reading Ordinance No. 515 determining the project is categorically exempt from the California Environmental Quality Act and adding Chapter 15.30 to Title 15 of the Malibu Municipal Code to create a process to regulate exterior elevated elements within the City; and 2) Direct staff to schedule second reading and adoption of Ordinance No. 515 for the February 12, 2024 City Council meeting.

Staff Contact: Environmental Sustainability Director Bundy, 456-2489, ext. 229

5. Old Business
None.

AMENDED City Council Regular Meeting Agenda Page - 5 - February 12, 2024

6. New Business (Continued)
B. Fiscal Year 2023-24 Second Quarter Financial Report and Mid-Year Budget Amendments Recommended Action: 1) Receive and file Fiscal Year (FY) 2023-24 Second Quarter Financial Report; 2) Adopt Resolution No. 24-03 amending the annual budget for Fiscal Year 2023-24; and 3) Adopt Resolution No. 24-04 approving Recreation Assistant II job specifications.

Staff Contact: Assistant City Manager Toney, 456-2489, ext. 224 C. Malibu Little League Fee Waiver
Recommended Action: Consider whether to approve the request from Malibu Little League to waive the field use and snack shack equipment rental fees for the 2024 baseball and softball season.

Staff Contact: Community Services Director Riesgo, 456-2489, ext. 350 D. Agreement for Community Outreach and Education Related to City-Owned Vacant Lots Recommended Action: 1) Authorize Mayor to execute Professional Services Agreement with Tripepi Smith to provide Community Outreach and Engagement Services related to City-owned Vacant Lots in the amount of $130,000; and 2) Appropriate $55,000 from the General Fund Undesignated Reserve to Public Works Engineering, Professional Services, Account 100-3008- 5100.

Staff Contact: Deputy City Manager Brown, 456-2489, ext. 300 E. Malibu Farmer’s Market
Recommended Action: Review the proposed options for the return/relocation of the Malibu Farmer’s Market and provide staff direction on next steps.

Staff Contact: Deputy City Manager Brown, 456-2489, ext. 300 F. Strategic Plan Project Update
Recommended Action: Receive and file a progress report on the Strategic Plan Projects.

Staff Contact: Deputy City Manager Brown, 456-2489, ext. 300

7. Council Items
A. Designation of Voting Delegate and Alternate Voting Delegate(s) for the 2024 Southern California Association of Governments (SCAG) Annual Regional Conference and General Assembly Recommended Action: Designate the City’s voting delegate and alternate voting delegate for the Southern California Association of Governments 2024 Annual Regional Conference and General Assembly scheduled for May 2-3, 2024 in Palm Desert.

Staff Contact: City Manager McClary, 456-2489, ext. 226 AMENDED City Council Regular Meeting Agenda Page - 6 - February 12, 2024 B. Proposed Advocacy for Changes to the California State Vehicle Code to Deter Excessive Speeding on PCH (Mayor Pro Tem Stewart and Councilmember Grisanti) Recommended Action: At the request of Mayor Pro Tem Stewart and Councilmember Grisanti:
1) Consider advocating for proposed changes to the California State Vehicle Code to deter excessive speeding on PCH; and 2) Provide direction to staff, as needed, to come back at a future date with a resolution advocating for changes or a letter to California state officials.

Staff Contact: City Manager McClary, 456-2489, ext. 226 Adjournment
Future Meetings
Monday, February 26, 2024 6:30 p.m. Regular City Council Meeting City Hall Council Chambers Monday, March 11, 2024 6:30 p.m. Regular City Council Meeting City Hall Council Chambers Monday, March 25, 2024 6:30 p.m. Regular City Council Meeting City Hall Council Chambers Guide to the City Council Proceedings
The Oral Communication portion of the agenda is for members of the public to present items, which are not listed on the agenda but are under the subject matter jurisdiction of the City Council. No action may be taken under, except to direct staff, unless the Council, by a two-thirds vote, determines that there is a need to take immediate action and that need came to the attention of the City after the posting of the agenda. Although no action may be taken, the Council and staff will follow up, at an appropriate time, on those items needing response. Each speaker is limited to three (3) minutes.

Members of the public may speak during the meeting in-person or through the Zoom application. In order to participate remotely, you must be present in the Zoom Webinar during the item that you would like to speak on and use the Raise Hand feature to request to speak when the Mayor calls the item. In order to participate in-person, each speaker must complete and submit to the Recording Secretary a Request to Speak form prior to the beginning of the item being announced by the Mayor. In person participants may surrender their time by deferring one (1) minute to another speaker, not to exceed a total of eight (8) minutes. The speaker wishing to defer time must be present when the item is heard and their form must be submitted with the speaker form for the individual they are deferring time to. Speakers are taken in the order slips are submitted or hands are raised.

Itemsin Consent Calendar Section Ahave already been considered by theCouncil at a previousmeeting where the public wasinvited to comment, after which a decision was made. These items are notsubject to public discussion at this meeting because the vote taken at the previous meeting was final. Resolutions concerning decisions made at previous meetings are for the purpose of memorializing the decision to assure the accuracy of the findings, the prior vote, and any conditions imposed.

Items in Consent Calendar Section B have not been discussed previously by the Council. If discussion is desired, an item may be removed from the Consent Calendar for individual consideration. Councilmembers may indicate a negative or abstaining vote on any individual item by so declaring prior to the vote on the motion to adopt the entire Consent Calendar. Items excluded from the Consent Calendar will be taken up by the Council following the action on the Consent Calendar. The Council first will take up the items for which public speaker requests have been submitted.

Public speakers shall follow the rules as set forth under Oral Communication For Public Hearings involving zoning matters the appellant and applicant will be given 15 minutes each to present their position to the City Council, including rebuttal time. All other testimony shall follow the rules as set forth under Oral Communication.

Old Business items have appeared on previous agendas but have either been continued or tabled to this meeting with no final action having been taken. Public comment shall follow the rules as set forth under Oral Communication.

AMENDED City Council Regular Meeting Agenda Page - 7 - February 12, 2024 Items in New Business are items, which are appearing for the first time for formal action. Public comment shall follow the rules as set forth under Oral Communication.

City Council Items are items, which individual members of the City Council may bring up for action, to propose future agenda items or to suggest future staff assignments.

No new items will be taken-up after 10:30 p.m. without a two-thirds vote of the City Council.

City Council meetings are aired live and replayed on City of Malibu Government Access Channel 3 and are available on demand on the City’s website at www.malibucity.org/video. Copies of the staff reports or other written documentation relating to each item of business described above are on file in the office of the City Clerk, Malibu City Hall, 23825 Stuart Ranch Road, Malibu, California, and are available for public inspection during regular office hours, which are 7:30 a.m. to 5:30 p.m. Monday through Thursday and 7:30 a.m. to 4:30 p.m. Friday. Written materials distributed to the City Council within 72 hours of the City Council meeting are available for public inspection immediately upon distribution in the City Clerk's office at 23825 Stuart Ranch Road, Malibu, California (Government Code Section 54957.5.b.2). Copies of staff reports and written materials may be purchased for $0.10 per page.

TheCity Hall phone numberis(310) 456-2489. To contact City Hall using a telecommunication device forthe deaf (TDD), please call (800) 735-2929 and a California Relay Service operator will assist you. In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact Environmental Sustainability Director Yolanda Bundy, (310) 456-2489, ext. 229. Notification 48 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 ADD Title II].

Requests to show an audio or video presentation during a Council meeting should be directed to the Media Team at [email protected]. Material must be submitted by 12:00 p.m. on the meeting day.

I hereby certify under penalty of perjury, under the laws of the State of California that the foregoing agenda was posted in accordance with the applicable legal requirements. Regular and Adjourned Regular meeting agendas may be amended up to 72 hours in advance of the meeting. Dated this 9
th day of February 2024 at 4:30 p.m.

Kelsey Pettijohn, City Clerk
WARRANT REGISTER NO. 740
On February 12, 2024, the Malibu City Council allowed and approved warrant demand numbers 71300-71511 from the General Fund. The City Manager is hereby directed to pay out the funds named hereon to each of the claimants listed, the amount appearing opposite their name for the purpose stated on the respective demands, making a total of $2,268,192.75. City of Malibu payroll check numbers 5399-5406 and ACH deposits were issued in the amount of $869,531.11.

PASSED, APPROVED and ADOPTED this 12th day of February 2024. ____________________________________________
Steve Uhring
Mayor
ATTEST:
____________________________________________
Kelsey Pettijohn
City Clerk

CERTIFICATE
In accordance with Government Code Sections 37202 and Malibu Municipal Code 3.08.050, I hereby certify that: (1) the claims or demands set forth in the warrant register(s) listed below and attached hereto and incorporated herein by this reference in the aggregate amount of $3,137,723.86 have been audited as to their accuracy; and (2) sufficient funds have been appropriated by the City Council and are available for the payment thereof.

EXECUTED this 1st day of February 2024, AT MALIBU, CALIFORNIA ______________________________________________
Steve McClary
City Manager
City Council Meeting
2-12-24
Item

3.B.2.

DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Accounts Payable
User:

Printed:
sflores
1/31/2024 10:48 AM
Checks by Date - Summary by Check Number
Check No Vendor No Vendor Name Check Date Void Checks Check Amount 71300 13STARS 13 Stars Media 01/10/2024 0.00 3,054.59
71301 4LEAF 4LEAF, Inc 01/10/2024 0.00 19,530.37
71302 AAAPROP AAA Propane Services, Inc. 01/10/2024 0.00 498.75 71303 ACCOUNTE OfficeTeam A Robert Half Company 01/10/2024 0.00 4,752.00 71304 ACCURATE F.L.C., Inc 01/10/2024 0.00 230.00
71305 ACOUTEC Acoustic Technology, Inc. 01/10/2024 0.00 4,200.00 71306 ACSINT ACS International LLC 01/10/2024 0.00 882.21 71307 AMERGLOB American Global Security Inc 01/10/2024 0.00 3,150.00 71308 AMTECH Pacific Coast Elevator Corp. 01/10/2024 0.00 808.86 71309 APPLE AppleOne 01/10/2024 0.00 2,895.20
71310 ARCIR ARC Imaging Resources 01/10/2024 0.00 19.43 71311 AZURCAP Azur CART & Captioning 01/10/2024 0.00 1,856.25 71312 BBK Best Best & Krieger LLP 01/10/2024 0.00 92,006.01 71313 BROALE Alexis Brown 01/10/2024 0.00 152.89
71314 CHAVEZL Larry Chavez 01/10/2024 0.00 170.00
71315 CHEVRON2 Wright Express FSC Wex Bank 01/10/2024 0.00 1,618.39 71316 CIVICSO Civic Solutions, Inc 01/10/2024 0.00 5,501.25 71317 CJBIOMON Courtney Jean McCammon 01/10/2024 0.00 12,404.00 71318 COASTALW Joseph D Smith 01/10/2024 0.00 51,423.00 71319 CONEJOA Conejo Awards 01/10/2024 0.00 35.92
71320 COOKALI Allison Cook 01/10/2024 0.00 8,400.00
71321 COOLGIRL Cool Girl Productions 01/10/2024 0.00 874.00 71322 CORMAR Mary Corse 01/10/2024 0.00 15,895.50
71323 CRPRINT CR PRINT 01/10/2024 0.00 1,321.90
71324 CSGCON CSG Consultants, Inc. 01/10/2024 0.00 6,270.00 71325 DEPTCON Dept. of Conservation 01/10/2024 0.00 7,049.29 71326 DESSVCS Design Services, Inc. 01/10/2024 0.00 3,525.00 71327 FASTDEER Fast Deer Bus Charter Inc. 01/10/2024 0.00 1,759.50 71328 GIINDUS G.I. Industries 01/10/2024 0.00 54.23
71329 HASSNAT Nathan Hassall 01/10/2024 0.00 150.00
71330 HDL Hinderliter, de Llamas, & Assoc 01/10/2024 0.00 1,501.03 71331 HOMEPRO HD Supply Facilties Maintenance, Ltd 01/10/2024 0.00 1,391.94 71332 JOSSCO Scott Joslin 01/10/2024 0.00 20.00
71333 KENNEYP Patrick Kenney 01/10/2024 0.00 150.00
71334 KLASOP Sophia Klahr 01/10/2024 0.00 150.00
71335 KOFF Gallagher Benefit Services, Inc. 01/10/2024 0.00 16,800.00 71336 LABCORP Laboratory Corp. of America 01/10/2024 0.00 59.00 71337 LACOANI LA Co Animal Care & Control 01/10/2024 0.00 18,663.38 71338 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/10/2024 0.00 75.00 71339 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/10/2024 0.00 75.00 71340 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/10/2024 0.00 75.00 71341 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/10/2024 0.00 75.00 71342 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/10/2024 0.00 75.00 71343 LACOFIR Los Angeles County Fire Department 01/10/2024 0.00 26,775.00 71344 LACOSHE LA Co Sheriff's Department 01/10/2024 0.00 857,243.31 71345 LACOWAT LA Co MalibuTreasurer-Waterworks 01/10/2024 0.00 977.00 71346 Lance Lance, Soll & Lunghard, LLP 01/10/2024 0.00 2,827.00 AP Checks by Date - Summary by Check Number (1/31/2024 10:48 AM) Page 1 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Check No Vendor No Vendor Name Check Date Void Checks Check Amount 71347 LASERTE Laser Technology Inc. 01/10/2024 0.00 41,941.01 71348 LEECH Leech Tishman Fuscaldo & Lampl, Inc 01/10/2024 0.00 4,025.66 71349 LEMMOR Richard Lemmo 01/10/2024 0.00 100.00
71350 LOPBRY Bryan Lopez 01/10/2024 0.00 300.56
71351 MAINSTRE Athaco Inc. 01/10/2024 0.00 795.71
71352 MALICOM Malibu Comm Labor Exchange 01/10/2024 0.00 825.00 71353 MASTERCO Master Cooling Corporation 01/10/2024 0.00 5,887.23 71354 MEANSRIC Ricardo P Means 01/10/2024 0.00 800.00
71355 MORRICK Ricky Morris 01/10/2024 0.00 220.00
71356 MOSSER Mosser Plumbing & Heating Inc 01/10/2024 0.00 304.22 71357 NAICKERV Vasudevan Naicker 01/10/2024 0.00 245.00 71358 OLTDAY Dayna Olton 01/10/2024 0.00 1,048.00
71359 PARSARS Public Agency Retirement Srvcs 01/10/2024 0.00 300.00 71360 PEGASUS Robert Michael Schwieger 01/10/2024 0.00 6,000.00 71361 PEOPCON Ocean Park Community Center 01/10/2024 0.00 29,988.00 71362 RCSYSTEM R.C. Systems, Inc 01/10/2024 0.00 6,225.00 71363 REGAJ Jolynn Regan 01/10/2024 0.00 800.00
71364 REGENCYL Regency Enterprises Inc 01/10/2024 0.00 417.38 71365 RINCONC Rincon Consultants, Inc 01/10/2024 0.00 32,992.25 71366 RPBARRI R P Barricade, Inc. 01/10/2024 0.00 541.31 71367 SBMMR14 SBMMR14 LLC 01/10/2024 0.00 567.00
71368 SCEDISO Southern California Edison Company 01/10/2024 0.00 30,512.10 71369 SMASH Smash Athletics Inc 01/10/2024 0.00 146.28
71370 SOLIDWA Solid Waste Solutions, Inc. 01/10/2024 0.00 6,025.25 71371 STAPLES Staples Contract & Commercial LLC 01/10/2024 0.00 1,525.70 71372 TETRATE Tetra Tech Inc 01/10/2024 0.00 22,161.01
71373 TMOBILE T-Mobile USA Inc 01/10/2024 0.00 261.25
71374 TOTALGRA Brian Shore 01/10/2024 0.00 183.96
71375 ULTMAINT Ultimate Maintenance Services Inc 01/10/2024 0.00 4,625.00 71376 VERIZON Verizon Business 01/10/2024 0.00 0.25
71377 VERIZONW Verizon Wireless Services LLC 01/10/2024 0.00 3,989.83 71378 WATREC Water Resources Economics 01/10/2024 0.00 3,450.00 71379 WEBBRA Bracken Webb 01/10/2024 0.00 340.00
71380 WILLSCOT Williams Scotsman Inc 01/10/2024 0.00 5,801.92 71381 XEROXFIN Xerox Corporation 01/10/2024 0.00 1,656.63 71382 USBANK U.S. Bank 01/18/2024 0.00 43,230.01
71383 13STARS 13 Stars Media 01/18/2024 0.00 134.64
71384 ACCOUNTE OfficeTeam A Robert Half Company 01/18/2024 0.00 3,745.78 71385 ANAWALT Anawalt Lumber Co., Inc 01/18/2024 0.00 6.59 71386 APPLCON Applied Concepts, Inc 01/18/2024 0.00 1,608.34 71387 APPLE AppleOne 01/18/2024 0.00 2,304.10
71388 ARTTREK ART Trek, Inc 01/18/2024 0.00 175.00
71389 AYALABR Brandie Ayala 01/18/2024 0.00 436.66
71390 BEIZEK Beitchman & Zekian, PC 01/18/2024 0.00 77.10 71391 BROALE Alexis Brown 01/18/2024 0.00 182.09
71392 CHAVEZL Larry Chavez 01/18/2024 0.00 270.00
71393 CLIMATED Climatec LLC 01/18/2024 0.00 215.00
71394 COMMRE Communications Relay, LLC 01/18/2024 0.00 450.00 71395 CONEJOA Conejo Awards 01/18/2024 0.00 50.93
71396 COOPERM Marsha Cooper 01/18/2024 0.00 600.00
71397 CRPRINT CR PRINT 01/18/2024 0.00 489.18
71398 DANESHJ Jackline Yafai Daneshrad 01/18/2024 0.00 50.00 71399 DIMALJIN Jingo G. Dimalanta 01/18/2024 0.00 120.00 71400 DUTHIEEL Duthie Electrical Services 01/18/2024 0.00 989.97 71401 ENHANCED Landscape Development, Inc. 01/18/2024 0.00 28,794.00 71402 EXCELOFF Excel Office Services 01/18/2024 0.00 2,803.26 71403 FETTINGE Richard Fettinger 01/18/2024 0.00 1,560.00 AP Checks by Date - Summary by Check Number (1/31/2024 10:48 AM) Page 2 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Check No Vendor No Vendor Name Check Date Void Checks Check Amount 71404 FRONTIER Frontier California Inc 01/18/2024 0.00 3,449.52 71405 GIINDUS G.I. Industries 01/18/2024 0.00 4,950.55
71406 GOVERNF Governmental Financial Service 01/18/2024 0.00 1,540.00 71407 GOVJOBS Governmentjobs.com, Inc. 01/18/2024 0.00 9,851.99 71408 HOSANG Angela Hosny 01/18/2024 0.00 390.00
71409 HOUSERUS House R Us 01/18/2024 0.00 10,600.00
71410 HUBLEY Rogue Services and Solutions 01/18/2024 0.00 19,884.00 71411 KAMMAR Marni Kamins 01/18/2024 0.00 15.00
71412 KENNEYK Kevin R Kenney 01/18/2024 0.00 150.00
71413 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/18/2024 0.00 75.00 71414 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/18/2024 0.00 75.00 71415 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/18/2024 0.00 75.00 71416 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/18/2024 0.00 75.00 71417 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/18/2024 0.00 75.00 71418 LACOSHE LA Co Sheriff's Department 01/18/2024 0.00 53,957.12 71419 LACOWAT LA Co MalibuTreasurer-Waterworks 01/18/2024 0.00 1,248.90 71420 LASERTE Laser Technology Inc. 01/18/2024 0.00 609.64 71421 LITTHEL Helena Little 01/18/2024 0.00 180.00
71422 MANMIC Michael Anthony Manfredo 01/18/2024 0.00 80.00 71423 MATTMICH Dr. Michael D Matthews 01/18/2024 0.00 1,845.00 71424 MAUCK Kevin Mauch 01/18/2024 0.00 105.00
71425 McCRORYC Charles McCrory 01/18/2024 0.00 900.00
71426 MCGLIS Lisa McGuire 01/18/2024 0.00 658.50
71427 MERRICKJ Judy M. Merrick 01/18/2024 0.00 120.00
71428 MONAHAN Ann Monahan 01/18/2024 0.00 360.00
71429 MOSSER Mosser Plumbing & Heating Inc 01/18/2024 0.00 395.00 71430 NEXTIVA Nextiva, Inc. 01/18/2024 0.00 4,164.96
71431 PROGENTC Progent Corporation 01/18/2024 0.00 193.50 71432 QLESSINC Qless Inc 01/18/2024 0.00 900.00
71433 REGENCYL Regency Enterprises Inc 01/18/2024 0.00 746.01 71434 REMOTESA Remote Satellite Systems Int'l 01/18/2024 0.00 255.80 71435 RIGAMAN Amanda Rigali 01/18/2024 0.00 11.66
71436 ROSENSHE Sheila Jean Rudich Rosenthal 01/18/2024 0.00 320.00 71437 SILREA Reagan W Silber 01/18/2024 0.00 1,933.00
71438 SOLIDWA Solid Waste Solutions, Inc. 01/18/2024 0.00 24,979.25 71439 SPECTRUM Charter Communications Holdings, LLC 01/18/2024 0.00 209.98 71440 SPORTEVE Sports Events International Inc 01/18/2024 0.00 701.36 71441 STAPLES Staples Contract & Commercial LLC 01/18/2024 0.00 100.63 71442 STORIV Stoel Rives LLP 01/18/2024 0.00 2,295.00
71443 VENTTRA Ventura Transit System, Inc. 01/18/2024 0.00 5,389.00 71444 VIAWEST Flexential Colorado Corp 01/18/2024 0.00 1,158.81 71445 AETNA Health and Human Resource Center Inc 01/24/2024 0.00 118.15 71446 BlueShie Blue Shield of California 01/24/2024 0.00 1,487.27 71447 CASTDIS California State Disbursement Unit 01/24/2024 0.00 339.69 71448 DELTADE Delta Dental of California 01/24/2024 0.00 7,944.29 71449 ICMA457 ICMA-MissionSquare Retirement - 303615 01/24/2024 0.00 16,980.63 71450 ICMACM ICMA-MissionSquare Retirement - 108658 01/24/2024 0.00 600.00 71451 ICMADH ICMA-MissionSquare Retirement - 108650 01/24/2024 0.00 1,000.00 71452 STANDARD Standard Insurance Company N2 01/24/2024 0.00 8,275.09 71453 STANDARD Standard Insurance Company N2 01/24/2024 0.00 355.28 71454 USBANK2 U.S. Bank 01/24/2024 0.00 1,409.53
71455 13STARS 13 Stars Media 01/29/2024 0.00 1,369.58
71456 4LEAF 4LEAF, Inc 01/29/2024 0.00 19,390.01
71457 ACCOUNTE OfficeTeam A Robert Half Company 01/29/2024 0.00 2,417.60 71458 ADVANTAN MAP Communications, Inc. 01/29/2024 0.00 291.69 71459 ALLIANT Alliant Insurance Services Inc 01/29/2024 0.00 331.00 71460 ANAWALT Anawalt Lumber Co., Inc 01/29/2024 0.00 4.39 AP Checks by Date - Summary by Check Number (1/31/2024 10:48 AM) Page 3 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Check No Vendor No Vendor Name Check Date Void Checks Check Amount 71461 APPLE AppleOne 01/29/2024 0.00 1,158.08
71462 BBK Best Best & Krieger LLP 01/29/2024 0.00 63,044.17 71463 BLAGOLD Black Gold Industries 01/29/2024 0.00 858.00 71464 BURNS Burns Pacific Construction Inc 01/29/2024 0.00 18,062.69 71465 CARLILA Lila Carlsen 01/29/2024 0.00 200.00
71466 CASGAY Gaylene Cascione 01/29/2024 0.00 250.00
71467 CONWIN Conejo Window Tinting 01/29/2024 0.00 250.00 71468 COTTON Cotton,Shires & Associates,Inc 01/29/2024 0.00 80,192.88 71469 CRPRINT CR PRINT 01/29/2024 0.00 1,278.58
71470 CSGCON CSG Consultants, Inc. 01/29/2024 0.00 408.75 71471 DAPEERR Dapeer Rosenblit & Litvak LLP 01/29/2024 0.00 822.80 71472 DIAAND Andres Diana 01/29/2024 0.00 400.00
71473 ENHANCED Landscape Development, Inc. 01/29/2024 0.00 32,411.50 71474 FERCANOL Laura DeMieri Fercano 01/29/2024 0.00 340.00 71475 FERNANYA Anya Fernald 01/29/2024 0.00 200.00
71476 GENESISF Genesis Floor Covering Inc 01/29/2024 0.00 2,723.23 71477 GIINDUS G.I. Industries 01/29/2024 0.00 728.20
71478 iRIS Lorrie Feinberg 01/29/2024 0.00 11,711.25
71479 JLEEENG JLee Engineering, Inc. 01/29/2024 0.00 10,880.00 71480 KIMLEY Kimley-Horn and Associates Inc 01/29/2024 0.00 25,000.00 71481 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/29/2024 0.00 75.00 71482 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/29/2024 0.00 75.00 71483 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/29/2024 0.00 75.00 71484 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/29/2024 0.00 75.00 71485 LACOCLE LA County Registrar-Recorder LA Co Clerk 01/29/2024 0.00 75.00 71486 LARRYWAL Larry Walker Associates, Inc 01/29/2024 0.00 7,688.50 71487 LEAGOFCA League of California Cities 01/29/2024 0.00 6,742.00 71488 LIBERTY Liberty Printing & Embroidery 01/29/2024 0.00 250.76 71489 LONGJO John Long 01/29/2024 0.00 150.80
71490 MAINSTRE Athaco Inc. 01/29/2024 0.00 491.42
71491 MALAQUA Malibu Aquatics Foundation 01/29/2024 0.00 5,358.50 71492 NABREZ Reza Nabavi 01/29/2024 0.00 351.00
71493 NAICKERV Vasudevan Naicker 01/29/2024 0.00 280.00 71494 PEGASUS Robert Michael Schwieger 01/29/2024 0.00 6,664.00 71495 PETESVEN Sven Peterson 01/29/2024 0.00 200.00
71496 REGENCYL Regency Enterprises Inc 01/29/2024 0.00 378.88 71497 RINCONC Rincon Consultants, Inc 01/29/2024 0.00 21,681.25 71498 ROMCART Romy Ricart 01/29/2024 0.00 25.00
71499 RPBARRI R P Barricade, Inc. 01/29/2024 0.00 1,440.00 71500 RUSSGEAR Russell Geary 01/29/2024 0.00 350.00
71501 SDIPRES SDI Presence, LLC 01/29/2024 0.00 33,047.42 71502 SESACLLC SESAC Rights Management Inc 01/29/2024 0.00 572.70 71503 STAPLES Staples Contract & Commercial LLC 01/29/2024 0.00 1,139.72 71504 TOTALGRA Brian Shore 01/29/2024 0.00 191.29
71505 TOWNSPUB Townsend Public Affairs Inc 01/29/2024 0.00 6,500.00 71506 TRUNORTH True North Compliance Services, Inc. 01/29/2024 0.00 61,146.92 71507 USBANK4 US Bank N.A. 01/29/2024 0.00 157,996.27
71508 USLABS Bureau Veritas North America, Inc. 01/29/2024 0.00 4,620.00 71509 VANSMATT Matthew Van Scoyk 01/29/2024 0.00 21.45
71510 WILJES Wilson Jessica 01/29/2024 0.00 180.00
71511 XEROXFIN Xerox Corporation 01/29/2024 0.00 1,375.00 Report Total (212 checks): 0.00 2,268,192.75
AP Checks by Date - Summary by Check Number (1/31/2024 10:48 AM) Page 4 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 User:

Printed: 01/31/2024 - 10:48AM
sflores
Transactions by Account
Batch: 00000.00.0000
Accounts Payable
Checks from: 00071300 To: 00071511
Account Number Description Vendor Description Check No Amount Section 1: 100
Section 2:0000
100-0000-2021-00 COBRA Payable Blue Shield of California PR 18.01.2024 Vision Care-Cobra-Linden-Feb'24 71446 9.45 100-0000-2021-00 COBRA Payable Blue Shield of California PR 18.01.2024 Vision Care-Cobra-Rosas-Feb'24 71446 17.28 100-0000-2021-00 COBRA Payable Blue Shield of California PR 18.01.2024 Vision Care-Cobra-Woodrow-Feb'24 71446 16.88 100-0000-2021-00 COBRA Payable Blue Shield of California PR 18.01.2024 Vision Care-Cobra-Gribben-Jan'24 71446 -9.45 100-0000-2021-00 COBRA Payable Blue Shield of California PR 18.01.2024 Vision Care-Cobra-Fiori-Feb'24 71446 27.83 100-0000-2021-00 COBRA Payable Blue Shield of California PR 18.01.2024 Vision Care-Cobra-Gallagher-Feb'24 71446 9.45 Vendor Subtotal for Section 2:0000 71.44
Section 2:0000
100-0000-2021-00 COBRA Payable Delta Dental of California PR 18.01.2024 Dental Insur-Cobra-Woodrow-Feb'24 71448 50.06 100-0000-2021-00 COBRA Payable Delta Dental of California PR 18.01.2024 Dental Insur-Cobra-Fiori-Nov'23-Jan'24 71448 -473.25 100-0000-2021-00 COBRA Payable Delta Dental of California PR 18.01.2024 Dental Insur-Cobra-Rosas-Feb'24 71448 107.11 100-0000-2021-00 COBRA Payable Delta Dental of California PR 18.01.2024 Dental Insur-Cobra-Linden-Feb'24 71448 50.06 100-0000-2021-00 COBRA Payable Delta Dental of California PR 18.01.2024 Dental Insur-Cobra-Feldman-Feb'24 71448 50.06 100-0000-2021-00 COBRA Payable Delta Dental of California PR 18.01.2024 Dental Insur-Cobra-Gallagher-Feb'24 71448 50.06 100-0000-2021-00 COBRA Payable Delta Dental of California PR 18.01.2024 Dental Insur-Cobra-Gribben-Jan'24 71448 -50.06 Vendor Subtotal for Section 2:0000 -215.96
Section 2:0000
100-0000-3202-00 Film Permit Fees Cool Girl Productions Ref- Film Permit Fee #23-229 71321 874.00 Vendor Subtotal for Section 2:0000 874.00
Section 2:0000
100-0000-3202-00 Film Permit Fees Los Angeles County Fire Department Fire Disctrict Film Permit Fees Jul-Sep '23 71343 11,752.00 100-0000-3202-00 Film Permit Fees Los Angeles County Fire Department Fire Disctrict Film Permit Fees Oct-Dec'23 71343 15,023.00 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 1 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:0000 26,775.00
Section 2:0000
100-0000-3448-00 Subpoena Fees Beitchman & Zekian, PC Ref- Subpoena Fees, Meehan v Gratitude Recovery 71390 77.10 Vendor Subtotal for Section 2:0000 77.10
Section 2:0000
100-0000-3466-00 Swim Use & Program Fee Bracken Webb Ref- Winter Youth Water Polo 71379 340.00 Vendor Subtotal for Section 2:0000 340.00
Section 2:0000
100-0000-3467-00 Day Camp Fees Angela Hosny Ref- Art/Yoga & Soccer Camps Cancelled 71408 390.00 Vendor Subtotal for Section 2:0000 390.00
Section 2:0000
100-0000-3467-00 Day Camp Fees Helena Little Ref- Winter Soccer Day Camp Cancelled 71421 180.00 Vendor Subtotal for Section 2:0000 180.00
Section 2:0000
100-0000-3470-00 Community Classes Lila Carlsen Ref- Lego Mega Machines Cancelled 71465 200.00 Vendor Subtotal for Section 2:0000 200.00
Section 2:0000
100-0000-3470-00 Community Classes Andres Diana Ref- Lego Mega Machines Cancelled 71472 400.00 Vendor Subtotal for Section 2:0000 400.00
Section 2:0000
100-0000-3470-00 Community Classes Anya Fernald Ref- Lego Mega Machines Cancelled 71475 200.00 Vendor Subtotal for Section 2:0000 200.00
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 2 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:0000
100-0000-3470-00 Community Classes Marni Kamins Ref- Winter 2024 Hip Hop Location Transferred 71411 15.00 Vendor Subtotal for Section 2:0000 15.00
Section 2:0000
100-0000-3470-00 Community Classes Sven Peterson Ref- Lego Mega Machines Cancelled 71495 200.00 Vendor Subtotal for Section 2:0000 200.00
Section 2:0000
100-0000-3470-00 Community Classes Romy Ricart Ref- Parent and Me Soccer 1/10/24 71498 25.00 Vendor Subtotal for Section 2:0000 25.00
Section 2:0000
100-0000-3470-00 Community Classes Wilson Jessica Ref- Musical Theater Transfer to Improv Theater 71510 180.00 Vendor Subtotal for Section 2:0000 180.00
Section 2:0000
100-0000-3472-00 Special Events Fees Scott Joslin Ref- Breakfast w/ Santa (3) 71332 20.00 Vendor Subtotal for Section 2:0000 20.00
Section 2:3001
100-3001-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 26.94 Vendor Subtotal for Section 2:3001 26.94
Section 2:3001
100-3001-5722-00 Electricity Southern California Edison Company St Lighting - Nov '23 71368 3,176.27 100-3001-5722-00 Electricity Southern California Edison Company Webb Way Signal - Nov '23 71368 188.69 100-3001-5722-00 Electricity Southern California Edison Company Winter Cyn - Nov '23 71368 94.65 100-3001-5722-00 Electricity Southern California Edison Company Broad Beach - Nov '23 71368 18.62 100-3001-5722-00 Electricity Southern California Edison Company Cross Creek Rd Ped - Nov '23 71368 14.51 100-3001-5722-00 Electricity Southern California Edison Company Traffic Control - Nov '23 71368 107.38 100-3001-5722-00 Electricity Southern California Edison Company Rambla Light - Nov '23 71368 25.66 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 3 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:3001 3,625.78
Section 2:3001
100-3001-5725-00 Trash Pickup/Recycling G.I. Industries Garbage - Bus Stop/Cross Creek - Jan '24 71405 2,521.31 Vendor Subtotal for Section 2:3001 2,521.31
Section 2:3007
100-3007-5721-00 Telephone Frontier California Inc Phone - Civic Center STF - Jan '24 71404 158.97 Vendor Subtotal for Section 2:3007 158.97
Section 2:3007
100-3007-5722-00 Electricity Southern California Edison Company CCSTF - Nov '23 71368 525.30 Vendor Subtotal for Section 2:3007 525.30
Section 2:3008
100-3008-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 54.31 Vendor Subtotal for Section 2:3008 54.31
Section 2:3008
100-3008-5100-00 Professional Services Lorrie Feinberg Database Updates - Public Works - Dec '23 71478 33.75 Vendor Subtotal for Section 2:3008 33.75
Section 2:3008
100-3008-5300-00 Travel and Training Brandie Ayala FY 23/24 Tuition Reimbursement - Fall 2023 71389 436.66 Vendor Subtotal for Section 2:3008 436.66
Section 2:3008
100-3008-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Public Works 71371 50.78 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 4 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:3008 50.78
Section 2:4001
100-4001-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 63.50 Vendor Subtotal for Section 2:4001 63.50
Section 2:4001
100-4001-5330-00 Dues & Memberships U.S. Bank CS-7084 Amazon - Prime Membership 71382 16.49 Vendor Subtotal for Section 2:4001 16.49
Section 2:4001
100-4001-5340-00 Transportation & Mileage Amanda Rigali Reimb- Roundtrip to Malibu Middle School 71435 11.66 Vendor Subtotal for Section 2:4001 11.66
Section 2:4001
100-4001-5721-00 Telephone Frontier California Inc Phone - Charmlee - Jan '24 71404 63.96 Vendor Subtotal for Section 2:4001 63.96
Section 2:4001
100-4001-6120-00 Computer Software R.C. Systems, Inc RecPro Annual Software Subscription 71362 6,225.00 Vendor Subtotal for Section 2:4001 6,225.00
Section 2:4001
100-4001-6160-00 Operating Supplies Alliant Insurance Services Inc Q4 Insurance Coverage Pymt for Fee Waiver Fac Rental 71459 122.00 Vendor Subtotal for Section 2:4001 122.00
Section 2:4001
100-4001-6160-00 Operating Supplies Conejo Awards Name Badges - General Rec Staff 71319 35.92 100-4001-6160-00 Operating Supplies Conejo Awards General Rec Name Badges 71395 50.93 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 5 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:4001 86.85
Section 2:4001
100-4001-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Community Svcs 71371 408.62 Vendor Subtotal for Section 2:4001 408.62
Section 2:4001
100-4001-6160-00 Operating Supplies U.S. Bank CS-2169 Todoist - Monthly 71382 42.00 100-4001-6160-00 Operating Supplies U.S. Bank CS-7118 Amazon - General Rec Supplies 71382 219.75 100-4001-6160-00 Operating Supplies U.S. Bank CS-4743 General Rec - Supplies 71382 130.51 Vendor Subtotal for Section 2:4001 392.26
Section 2:4002
100-4002-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 18.11 Vendor Subtotal for Section 2:4002 18.11
Section 2:4002
100-4002-5107-00 Contract Personnel Malibu Aquatics Foundation Swim Team & Masters Swim Program 11/27/23 - 1/3/2471491 5,358.50 Vendor Subtotal for Section 2:4002 5,358.50
Section 2:4002
100-4002-5330-00 Dues & Memberships U.S. Bank CS-7118 Kahoot - Monthly 71382 29.00 Vendor Subtotal for Section 2:4002 29.00
Section 2:4002
100-4002-6160-00 Operating Supplies R P Barricade, Inc. Bike Barricades for Pool Office - Oct '23 71499 360.00 100-4002-6160-00 Operating Supplies R P Barricade, Inc. Bike Barricades for Pool Office - Dec '23 71499 360.00 100-4002-6160-00 Operating Supplies R P Barricade, Inc. Bike Barricades for Pool Office Nov '23 71499 360.00 100-4002-6160-00 Operating Supplies R P Barricade, Inc. Bike Barricades for Pool Office Sep '23 71499 360.00 Vendor Subtotal for Section 2:4002 1,440.00
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 6 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:4003
100-4003-6160-00 Operating Supplies U.S. Bank CS-1673 Satellite Phone Store - Charmlee Svc 71382 72.79 Vendor Subtotal for Section 2:4003 72.79
Section 2:4004
100-4004-5401-00 Advertising & Noticing U.S. Bank CS-7118 PeachJar - Winter Camp Flyers 71382 50.00 Vendor Subtotal for Section 2:4004 50.00
Section 2:4006
100-4006-5107-00 Contract Personnel Larry Chavez Referee- Middle School Basketball 12/15/23 71314 50.00 100-4006-5107-00 Contract Personnel Larry Chavez Referee- Youth Basketball (3) 12/16/23 71314 120.00 100-4006-5107-00 Contract Personnel Larry Chavez Referee- Youth Basketball 1/6/24 (3) 71392 120.00 100-4006-5107-00 Contract Personnel Larry Chavez Referee- Middle School Basketball 1/5/24 (3) 71392 150.00 Vendor Subtotal for Section 2:4006 440.00
Section 2:4006
100-4006-5107-00 Contract Personnel Jingo G. Dimalanta Referee- Youth Basketball 1/6/24 (3) 71399 120.00 Vendor Subtotal for Section 2:4006 120.00
Section 2:4006
100-4006-5107-00 Contract Personnel Kevin R Kenney Referee- Middle School Basketball 1/5/24 (3) 71412 150.00 Vendor Subtotal for Section 2:4006 150.00
Section 2:4006
100-4006-5107-00 Contract Personnel Patrick Kenney Referee- Middle School Basketball (3) 12/15/23 71333 150.00 Vendor Subtotal for Section 2:4006 150.00
Section 2:4006
100-4006-5107-00 Contract Personnel Richard Lemmo Referee- K-1 Youth Basketball (2) 12/9 & 12/16/23 71349 100.00 Vendor Subtotal for Section 2:4006 100.00
Section 2:4006
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 7 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount 100-4006-5107-00 Contract Personnel Ricky Morris Referee- Youth Basket Ball (3) 12/16/23 71355 120.00 100-4006-5107-00 Contract Personnel Ricky Morris Referee- Middle School Basket Ball (2) 12/15/23 71355 100.00 Vendor Subtotal for Section 2:4006 220.00
Section 2:4006
100-4006-5107-01 Contract Personnel-Girls Sport Gaylene Cascione Instructor - Girls Cheerleading Clinic 1/12/24 71466 250.00 Vendor Subtotal for Section 2:4006 250.00
Section 2:4006
100-4006-5401-00 Advertising & Noticing U.S. Bank CS-4743 Canva - Monthly 71382 24.95 Vendor Subtotal for Section 2:4006 24.95
Section 2:4006
100-4006-6160-00 Operating Supplies Dayna Olton Middle School - Youth Basketball League Photos 71358 1,048.00 Vendor Subtotal for Section 2:4006 1,048.00
Section 2:4006
100-4006-6160-00 Operating Supplies Smash Athletics Inc Fall 2023 Adult Softball Championship Shirts 71369 146.28 Vendor Subtotal for Section 2:4006 146.28
Section 2:4006
100-4006-6160-00 Operating Supplies U.S. Bank CS-7118 Hasty Awards - Basketball Awards 71382 580.68 100-4006-6160-00 Operating Supplies U.S. Bank CS-7118 Dick's/USPS - Sports Supplies 71382 141.42 100-4006-6160-00 Operating Supplies U.S. Bank CS-4743 NCS - Background Checks 71382 222.00 Vendor Subtotal for Section 2:4006 944.10
Section 2:4007
100-4007-5330-00 Dues & Memberships SESAC Rights Management Inc Music License 2024 Acct#79998 71502 572.70 Vendor Subtotal for Section 2:4007 572.70
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 8 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:4007
100-4007-5401-00 Advertising & Noticing 13 Stars Media Ad- Winter Wellness Workshops 12/21/23 71300 268.00 100-4007-5401-00 Advertising & Noticing 13 Stars Media Ad- Winter Wellness Workshop 1/4/24 71455 268.00 Vendor Subtotal for Section 2:4007 536.00
Section 2:4007
100-4007-5401-00 Advertising & Noticing Brian Shore Banners - Winter Park Tales 71504 95.65 Vendor Subtotal for Section 2:4007 95.65
Section 2:4008
100-4008-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 5.44 Vendor Subtotal for Section 2:4008 5.44
Section 2:4008
100-4008-5107-00 Contract Personnel ART Trek, Inc Instructor - Art Trek Workshop - Dec '23 71388 175.00 Vendor Subtotal for Section 2:4008 175.00
Section 2:4008
100-4008-5107-00 Contract Personnel Marsha Cooper Instructor - Stretch & Strength - Dec '23 71396 600.00 Vendor Subtotal for Section 2:4008 600.00
Section 2:4008
100-4008-5107-00 Contract Personnel Jackline Yafai Daneshrad Instructor - Cardio Salsa & Stretch - Dec '23 71398 50.00 Vendor Subtotal for Section 2:4008 50.00
Section 2:4008
100-4008-5107-00 Contract Personnel Laura DeMieri Fercano Choir - Dec '23 71474 340.00 Vendor Subtotal for Section 2:4008 340.00
Section 2:4008
100-4008-5107-00 Contract Personnel Michael Anthony Manfredo Instructor - Yoga - Dec '23 71422 80.00 Vendor Subtotal for Section 2:4008 80.00
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 9 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:4008
100-4008-5107-00 Contract Personnel Judy M. Merrick Instructor - Relax Through Coloring - Dec '23 71427 120.00 Vendor Subtotal for Section 2:4008 120.00
Section 2:4008
100-4008-5107-00 Contract Personnel Ann Monahan Instructor - Pilates, Ballet, Jazz - Dec '23 71428 360.00 Vendor Subtotal for Section 2:4008 360.00
Section 2:4008
100-4008-5107-00 Contract Personnel Sheila Jean Rudich Rosenthal Instructor - Knitting - Dec '23 71436 320.00 Vendor Subtotal for Section 2:4008 320.00
Section 2:4008
100-4008-5107-00 Contract Personnel Russell Geary Sr Luncheon Entertainment 1/25/24 71500 350.00 Vendor Subtotal for Section 2:4008 350.00
Section 2:4008
100-4008-5300-00 Travel and Training U.S. Bank CS-7084 ServSafe - Food Handler Certification 71382 45.00 Vendor Subtotal for Section 2:4008 45.00
Section 2:4008
100-4008-6160-00 Operating Supplies U.S. Bank CS-7084 Sr Center Supplies 71382 2,235.94 Vendor Subtotal for Section 2:4008 2,235.94
Section 2:4008
100-4008-6160-00 Operating Supplies Matthew Van Scoyk Reimb- Lunch for Sr Center Excursion 12/12/23 71509 21.45 Vendor Subtotal for Section 2:4008 21.45
Section 2:4008
100-4008-6175-00 Recreation Transportation Fast Deer Bus Charter Inc. Sr Excursion - Regan Library 12/12/23 71327 1,759.50 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 10 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:4008 1,759.50
Section 2:4008
100-4008-6176-00 Recreation Trip Admissions U.S. Bank CS-7084 Sr Excursion Tickets 12/12/23 & 2/22/24 71382 989.63 Vendor Subtotal for Section 2:4008 989.63
Section 2:4010
100-4010-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 12.69 Vendor Subtotal for Section 2:4010 12.69
Section 2:4010
100-4010-5100-00 Professional Services American Global Security Inc Equestrian - Security Svcs - Dec '23 71307 1,050.00 100-4010-5100-00 Professional Services American Global Security Inc Las Flores - Security Svcs - Dec '23 71307 1,050.00 100-4010-5100-00 Professional Services American Global Security Inc Trancas - Security Svcs - Dec '23 71307 1,050.00 Vendor Subtotal for Section 2:4010 3,150.00
Section 2:4010
100-4010-5130-00 Parks Maintenance F.L.C., Inc Parks - Backflow Svcs 71304 230.00 Vendor Subtotal for Section 2:4010 230.00
Section 2:4010
100-4010-5130-00 Parks Maintenance Burns Pacific Construction Inc Charmlee Park Picnic Bench - Dec '23 71464 4,197.96 100-4010-5130-00 Parks Maintenance Burns Pacific Construction Inc Charmlee Park Road Damage Repair - Sep '23 71464 13,864.73 Vendor Subtotal for Section 2:4010 18,062.69
Section 2:4010
100-4010-5130-00 Parks Maintenance Landscape Development, Inc. Bluffs Park - Turf/Field Renovations 71401 25,600.00 100-4010-5130-00 Parks Maintenance Landscape Development, Inc. Median - Tree Installation 71401 234.00 100-4010-5130-00 Parks Maintenance Landscape Development, Inc. Equestrian Park - Arena Grading 71401 2,000.00 100-4010-5130-00 Parks Maintenance Landscape Development, Inc. Christmas Porter Hours 71401 960.00 100-4010-5130-00 Parks Maintenance Landscape Development, Inc. Bluffs Park - Irrigation Repairs 12/18/23 71473 178.00 100-4010-5130-00 Parks Maintenance Landscape Development, Inc. Cross Creek - Irrigation Repairs 12/27/23 71473 887.00 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 11 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount 100-4010-5130-00 Parks Maintenance Landscape Development, Inc. Triangle Planter - Irrigation Repairs 12/1/23 & 12/13/23 71473 744.00 100-4010-5130-00 Parks Maintenance Landscape Development, Inc. Cross Creek - Irrigation Repairs 12/7/23 & 12/8/23 71473 1,780.00 100-4010-5130-00 Parks Maintenance Landscape Development, Inc. Las Flores - Mulch Installation 71473 17,250.00 100-4010-5130-00 Parks Maintenance Landscape Development, Inc. New Years Day Holiday Hours 71473 960.00 100-4010-5130-00 Parks Maintenance Landscape Development, Inc. Civic Center Pkwy - Mulch Installation 71473 10,350.00 100-4010-5130-00 Parks Maintenance Landscape Development, Inc. Las Flores Park - Irrigation Repairs 12/27/23 71473 75.00 Vendor Subtotal for Section 2:4010 61,018.00
Section 2:4010
100-4010-5130-00 Parks Maintenance House R Us Bluffs Park - MLC Roof Tarping 71409 1,000.00 Vendor Subtotal for Section 2:4010 1,000.00
Section 2:4010
100-4010-5130-00 Parks Maintenance Athaco Inc. Bluffs Park - Updated Dog Signs 71490 491.42 Vendor Subtotal for Section 2:4010 491.42
Section 2:4010
100-4010-5130-00 Parks Maintenance U.S. Bank CS-2481 Home Depot - Sign Materials 71382 208.02 Vendor Subtotal for Section 2:4010 208.02
Section 2:4010
100-4010-5610-00 Facility Maintenance Anawalt Lumber Co., Inc CS- MLC Kitchen Faucet 71460 4.39 Vendor Subtotal for Section 2:4010 4.39
Section 2:4010
100-4010-5610-00 Facility Maintenance Mosser Plumbing & Heating Inc Charmlee - Restroom Repairs 12/12/23 71356 304.22 100-4010-5610-00 Facility Maintenance Mosser Plumbing & Heating Inc Trancas - Monthly Septic Maint - Dec '23 71429 275.00 100-4010-5610-00 Facility Maintenance Mosser Plumbing & Heating Inc Las Flores - Monthly Septic Maint - Dec '23 71429 120.00 Vendor Subtotal for Section 2:4010 699.22
Section 2:4010
100-4010-5610-00 Facility Maintenance U.S. Bank CS-2481 Agoura Wholesale - Motion Sensor 71382 46.48 100-4010-5610-00 Facility Maintenance U.S. Bank CS-2481 Supply House - Plumbing Repair Kit 71382 118.26 Vendor Subtotal for Section 2:4010 164.74
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 12 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:4010
100-4010-5721-00 Telephone Frontier California Inc Phone - Las Flores, Bluffs, Trancas - Jan '24 71404 537.63 100-4010-5721-00 Telephone Frontier California Inc Phone - 23641 PCH (median) - Jan '24 71404 60.99 Vendor Subtotal for Section 2:4010 598.62
Section 2:4010
100-4010-5722-00 Electricity Southern California Edison Company Bluffs Park Lift Station - Nov '23 71368 97.94 100-4010-5722-00 Electricity Southern California Edison Company Community Svcs - Nov '23 71368 653.11 100-4010-5722-00 Electricity Southern California Edison Company Rambla Pacifico - Nov '23 71368 17.33 100-4010-5722-00 Electricity Southern California Edison Company PCH Median - Nov '23 71368 16.12 Vendor Subtotal for Section 2:4010 784.50
Section 2:4010
100-4010-5723-00 Water LA Co MalibuTreasurer-Waterworks Water - Las Flores Rambla 10/16 - 12/13/23 Acct#29143394 71345 183.34 100-4010-5723-00 Water LA Co MalibuTreasurer-Waterworks Water - Las Flores 10/16 - 12/13/23 Acct#29142869 71345 91.67 100-4010-5723-00 Water LA Co MalibuTreasurer-Waterworks Water - Bluffs Park 9/25 - 11/27/23 Acct#29162657 71345 701.99 Vendor Subtotal for Section 2:4010 977.00
Section 2:4010
100-4010-5725-00 Trash Pickup/Recycling G.I. Industries Garbage - Bluffs/Equestrian - Jan '24 71405 687.56 100-4010-5725-00 Trash Pickup/Recycling G.I. Industries Garbage - Charmlee Park - Jan '24 71405 249.70 Vendor Subtotal for Section 2:4010 937.26
Section 2:4010
100-4010-6160-00 Operating Supplies Anawalt Lumber Co., Inc CS - Lights for Las Flores 71385 6.59 Vendor Subtotal for Section 2:4010 6.59
Section 2:4010
100-4010-6160-00 Operating Supplies HD Supply Facilties Maintenance, Ltd Bluffs Park - Janitorial Supplies 71331 159.76 Vendor Subtotal for Section 2:4010 159.76
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 13 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:4010
100-4010-6300-00 Repair & Maint. Supplies U.S. Bank CS-2481 Home Depot - Tools for Truck 71382 133.12 Vendor Subtotal for Section 2:4010 133.12
Section 2:4011
100-4011-5107-00 Contract Personnel Ultimate Maintenance Services Inc Extra Cleaning - Breakfast w/ Santa 12/16/23 71375 275.00 Vendor Subtotal for Section 2:4011 275.00
Section 2:4011
100-4011-5401-00 Advertising & Noticing Brian Shore Banners - Student Art Exhibit 71504 95.64 Vendor Subtotal for Section 2:4011 95.64
Section 2:4011
100-4011-5401-00 Advertising & Noticing U.S. Bank CS-7118 PeachJar - Student Art Exhibit Flyers 71382 160.00 Vendor Subtotal for Section 2:4011 160.00
Section 2:4011
100-4011-6160-00 Operating Supplies U.S. Bank CS-7118 Ralph's - Breakfast w/ Santa Supplies 71382 125.15 100-4011-6160-00 Operating Supplies U.S. Bank CS-7084 Starbucks - Breakfast w/ Santa 12/16/23 71382 60.00 100-4011-6160-00 Operating Supplies U.S. Bank CS-2169 ULINE - Safety Barriers 71382 655.59 100-4011-6160-00 Operating Supplies U.S. Bank CS-4743 Breakfast w/ Santa Supplies 12/16/23 71382 325.61 Vendor Subtotal for Section 2:4011 1,166.35
Section 2:4012
100-4012-5107-00 Contract Personnel Nathan Hassall The Ripple Effect Poetry Workshop 12/9/23 71329 150.00 Vendor Subtotal for Section 2:4012 150.00
Section 2:4012
100-4012-5107-00 Contract Personnel Sophia Klahr Caffeinated Verse Poetry Workshop 12/16/23 71334 150.00 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 14 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:4012 150.00
Section 2:4012
100-4012-5107-00 Contract Personnel Ricardo P Means Arts in Education Poetry Workshops - Dec '23 71354 800.00 Vendor Subtotal for Section 2:4012 800.00
Section 2:4012
100-4012-5107-00 Contract Personnel Jolynn Regan Arts in Education Poetry Workshops - Dec '23 71363 800.00 Vendor Subtotal for Section 2:4012 800.00
Section 2:4012
100-4012-5401-00 Advertising & Noticing 13 Stars Media Ad- Dick Van Dyke Opening Reception 11/16/23 71300 268.00 100-4012-5401-00 Advertising & Noticing 13 Stars Media Ad- "21 Miles" Film Screening 1/4/24 71455 268.00 Vendor Subtotal for Section 2:4012 536.00
Section 2:4012
100-4012-6160-00 Operating Supplies Brian Shore Posters - Dick Van Dyke Art Exhibition 71374 183.96 Vendor Subtotal for Section 2:4012 183.96
Section 2:4012
100-4012-6160-00 Operating Supplies U.S. Bank CS-7084 Ralph's - Snacks for Poetry Summit 12/19/23 71382 52.95 Vendor Subtotal for Section 2:4012 52.95
Section 2:7001
100-7001-5330-00 Dues & Memberships League of California Cities Annual City Membership Dues 2024 71487 6,742.00 Vendor Subtotal for Section 2:7001 6,742.00
Section 2:7002
100-7002-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 16.37 Vendor Subtotal for Section 2:7002 16.37
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 15 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:7002
100-7002-5100-00 Professional Services MAP Communications, Inc. Live Telephone Answering Svc - Jan '24 71458 291.69 Vendor Subtotal for Section 2:7002 291.69
Section 2:7002
100-7002-5100-00 Professional Services Azur CART & Captioning Remote Closed Captioning Svcs - Dec '23 71311 1,856.25 Vendor Subtotal for Section 2:7002 1,856.25
Section 2:7002
100-7002-5100-00 Professional Services Robert Michael Schwieger Broadcast Svcs - Dec '23 71360 6,000.00 100-7002-5100-00 Professional Services Robert Michael Schwieger Broadcast Svcs - Oct '23 71494 6,664.00 Vendor Subtotal for Section 2:7002 12,664.00
Section 2:7002
100-7002-5401-00 Advertising & Noticing U.S. Bank CM-2962 Facebook - Ads for City Msgs 71382 182.40 Vendor Subtotal for Section 2:7002 182.40
Section 2:7002
100-7002-6160-00 Operating Supplies U.S. Bank CM-2962 B&H/Apple - Supplies 71382 70.68 Vendor Subtotal for Section 2:7002 70.68
Section 2:7003
100-7003-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 34.18 Vendor Subtotal for Section 2:7003 34.18
Section 2:7003
100-7003-5100-00 Professional Services Dr. Michael D Matthews SMMUSD Separation - Dec '23 71423 1,845.00 Vendor Subtotal for Section 2:7003 1,845.00
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 16 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:7003
100-7003-5105-00 Grant Consultant Townsend Public Affairs Inc Grant Writing Svcs - Jan '24 71505 6,500.00 Vendor Subtotal for Section 2:7003 6,500.00
Section 2:7003
100-7003-5300-00 Travel and Training Alexis Brown Reimb- ICMA 2023 Meals 71313 45.73 100-7003-5300-00 Travel and Training Alexis Brown Reimb- MMASC 2023 Meals 71313 107.16 100-7003-5300-00 Travel and Training Alexis Brown Reimb- Roundtrip to MMASC Annual Conference 2023 71391 182.09 Vendor Subtotal for Section 2:7003 334.98
Section 2:7003
100-7003-6160-00 Operating Supplies U.S. Bank CM-5601 Starbucks - PCH Safety 12/18/23 71382 89.90 Vendor Subtotal for Section 2:7003 89.90
Section 2:7005
100-7005-5100-00 Professional Services Stoel Rives LLP Legal Svcs - Malibu SYTF - Oct '23 71442 1,445.00 100-7005-5100-00 Professional Services Stoel Rives LLP Legal Svcs - Malibu SYTF - Dec '23 71442 850.00 Vendor Subtotal for Section 2:7005 2,295.00
Section 2:7005
100-7005-5101-00 General Legal Counsel Best Best & Krieger LLP General Legal Svcs - Nov '23 71312 28,645.00 100-7005-5101-00 General Legal Counsel Best Best & Krieger LLP General Legal Svcs - Dec '23 71462 28,645.00 Vendor Subtotal for Section 2:7005 57,290.00
Section 2:7005
100-7005-5101-01 School District Separation Best Best & Krieger LLP School District Separation - Nov '23 71312 11,688.30 100-7005-5101-01 School District Separation Best Best & Krieger LLP School District Separation - Dec '23 71462 13,409.60 Vendor Subtotal for Section 2:7005 25,097.90
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 17 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:7005
100-7005-5102-00 Litigation Best Best & Krieger LLP Litigation Svcs - Nov '23 71312 51,672.71 100-7005-5102-00 Litigation Best Best & Krieger LLP Litigation Svcs - Dec '23 71462 20,989.57 Vendor Subtotal for Section 2:7005 72,662.28
Section 2:7005
100-7005-5102-00 Litigation Leech Tishman Fuscaldo & Lampl, Inc Special Legal Svcs - Rulemaking Petition - Nov '23 71348 178.16 100-7005-5102-00 Litigation Leech Tishman Fuscaldo & Lampl, Inc Special Legal Svcs - Draft EA - Nov '23 71348 3,847.50 Vendor Subtotal for Section 2:7005 4,025.66
Section 2:7005
100-7005-5103-00 Criminal Prosecution Dapeer Rosenblit & Litvak LLP City Prosecutor Svc - Dec '23 71471 822.80 Vendor Subtotal for Section 2:7005 822.80
Section 2:7007
100-7007-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 19.64 Vendor Subtotal for Section 2:7007 19.64
Section 2:7007
100-7007-5100-00 Professional Services U.S. Bank CC-2343 Dropbox/Veribook - Monthly 71382 150.90 Vendor Subtotal for Section 2:7007 150.90
Section 2:7007
100-7007-5300-00 Travel and Training U.S. Bank CC-2343 City Clerk New Law/Election Seminar - Dec '23 71382 585.27 Vendor Subtotal for Section 2:7007 585.27
Section 2:7007
100-7007-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - City Clerk 71503 343.37 Vendor Subtotal for Section 2:7007 343.37
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 18 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:7021
100-7021-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 21.76 Vendor Subtotal for Section 2:7021 21.76
Section 2:7021
100-7021-5100-00 Professional Services Kevin Mauch Parking Citation Hearing Officer - Jan '24 71424 105.00 Vendor Subtotal for Section 2:7021 105.00
Section 2:7021
100-7021-5100-00 Professional Services U.S. Bank CC-2343 Veribook Fire Inspection 71382 96.93 Vendor Subtotal for Section 2:7021 96.93
Section 2:7021
100-7021-5106-00 Animal Control LA Co Animal Care & Control Animal Control - Nov '23 71337 18,663.38 Vendor Subtotal for Section 2:7021 18,663.38
Section 2:7021
100-7021-5115-00 Law Enforcement Services LA Co Sheriff's Department Sheriff's Svcs - Lost Hills Station - Nov '23 71344 834,575.65 100-7021-5115-00 Law Enforcement Services LA Co Sheriff's Department Sheriff's Svcs - Traffic Enforcement 11/2 - 11/30/23 71418 18,551.22 100-7021-5115-00 Law Enforcement Services LA Co Sheriff's Department Sheriff's Svcs - Liaison 11/4 - 11/26/23 71418 18,112.32 Vendor Subtotal for Section 2:7021 871,239.19
Section 2:7021
100-7021-5116-00 Law Enforcement Services LA Co Sheriff's Department Sheriff's Svcs - Beach Team, ATV Maint 11/10 - 11/14/23 71418 2,909.71 Vendor Subtotal for Section 2:7021 2,909.71
Section 2:7021
100-7021-5119-00 Homeless Outreach and Support Ocean Park Community Center Homeless Svcs - Nov '23 71361 29,988.00 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 19 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:7021 29,988.00
Section 2:7021
100-7021-5330-00 Dues & Memberships U.S. Bank PS-4095 Cali Emergency Svcs - Membership Renewal 71382 65.00 Vendor Subtotal for Section 2:7021 65.00
Section 2:7021
100-7021-5640-00 Equipment Maintenance Applied Concepts, Inc Sheriff Equipment - Radar Repair 71386 1,608.34 Vendor Subtotal for Section 2:7021 1,608.34
Section 2:7021
100-7021-5640-00 Equipment Maintenance Laser Technology Inc. Sheriff Equipment - Radar Repair 71420 609.64 Vendor Subtotal for Section 2:7021 609.64
Section 2:7021
100-7021-5640-00 Equipment Maintenance Southern California Edison Company Tier - Nov '23 71368 127.35 Vendor Subtotal for Section 2:7021 127.35
Section 2:7021
100-7021-5721-00 Telephone Frontier California Inc Phone - Disaster, Tier, E911 - Jan '24 71404 324.02 Vendor Subtotal for Section 2:7021 324.02
Section 2:7021
100-7021-5721-00 Telephone Remote Satellite Systems Int'l Satellite Phones - Feb '24 71434 255.80 Vendor Subtotal for Section 2:7021 255.80
Section 2:7021
100-7021-5721-00 Telephone U.S. Bank IS-4175 Public Safety - Starlink Internet 71382 500.00 Vendor Subtotal for Section 2:7021 500.00
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 20 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:7021
100-7021-6160-00 Operating Supplies Communications Relay, LLC Quarterly Space Rental - Castro - Container D 71394 450.00 Vendor Subtotal for Section 2:7021 450.00
Section 2:7021
100-7021-6160-00 Operating Supplies Laser Technology Inc. PCH Safety - TruVision Lidar Speed Guns (6) 71347 41,941.01 Vendor Subtotal for Section 2:7021 41,941.01
Section 2:7021
100-7021-6160-00 Operating Supplies U.S. Bank PS-9005 Operating Supplies 71382 1,269.05 100-7021-6160-00 Operating Supplies U.S. Bank PS-4095 Operating Supplies 71382 878.39 100-7021-6160-00 Operating Supplies U.S. Bank PS-9005 Wall Display 71382 186.99 100-7021-6160-00 Operating Supplies U.S. Bank AS-2163 DirectTV - EOC TV 71382 187.07 Vendor Subtotal for Section 2:7021 2,521.50
Section 2:7021
100-7021-6160-01 VOP Operating Supplies Liberty Printing & Embroidery VOP Uniforms 71488 250.76 Vendor Subtotal for Section 2:7021 250.76
Section 2:7021
100-7021-6160-01 VOP Operating Supplies U.S. Bank PS-4213 Peak Tech - VOP Ticket Holders 71382 285.56 100-7021-6160-01 VOP Operating Supplies U.S. Bank PS-4213 TigerTough - VOP Vehicle Seat Covers 71382 249.00 Vendor Subtotal for Section 2:7021 534.56
Section 2:7054
100-7054-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 39.45 Vendor Subtotal for Section 2:7054 39.45
Section 2:7054
100-7054-5100-00 Professional Services Governmental Financial Service CPA Svcs - ACFR Prep - Dec '23 71406 1,540.00 Vendor Subtotal for Section 2:7054 1,540.00
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 21 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:7054
100-7054-5100-00 Professional Services Hinderliter, de Llamas, & Assoc Sales Tax Mgmt/Audit Svcs Q2, Oct - Dec '23 71330 1,501.03 Vendor Subtotal for Section 2:7054 1,501.03
Section 2:7054
100-7054-5100-00 Professional Services Lance, Soll & Lunghard, LLP FY 22/23 Adut Svcs - Final Bill 71346 2,827.00 Vendor Subtotal for Section 2:7054 2,827.00
Section 2:7054
100-7054-5117-00 Film Permit Consultant Frontier California Inc Phone - Film Fax - Jan '24 71404 34.41 Vendor Subtotal for Section 2:7054 34.41
Section 2:7054
100-7054-5117-00 Film Permit Consultant Solid Waste Solutions, Inc. Film Permits - Dec '23 71438 24,979.25 Vendor Subtotal for Section 2:7054 24,979.25
Section 2:7054
100-7054-5117-00 Film Permit Consultant Verizon Business Film Fax - Verizon Long Distance 7DK86530 - Dec '23 71376 0.25 Vendor Subtotal for Section 2:7054 0.25
Section 2:7054
100-7054-5300-00 Travel and Training U.S. Bank AS-2163 CSMFO - ABCs of Municipal Finance 71382 100.00 100-7054-5300-00 Travel and Training U.S. Bank AS-5448 CCMF - Conference Dinner Feb '24 71382 75.00 Vendor Subtotal for Section 2:7054 175.00
Section 2:7054
100-7054-5330-00 Dues & Memberships U.S. Bank AS-5448 ICMA - 2024 Annual Membership 71382 1,200.00 Vendor Subtotal for Section 2:7054 1,200.00
Section 2:7054
100-7054-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Finance 71441 40.10 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 22 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:7054 40.10
Section 2:7054
100-7054-6160-00 Operating Supplies U.S. Bank AS-2163 Amazon - Supplies 71382 102.89 Vendor Subtotal for Section 2:7054 102.89
Section 2:7058
100-7058-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 6.45 Vendor Subtotal for Section 2:7058 6.45
Section 2:7058
100-7058-5100-00 Professional Services Gallagher Benefit Services, Inc. Class and Comp Study - Nov '23 71335 16,800.00 Vendor Subtotal for Section 2:7058 16,800.00
Section 2:7058
100-7058-5320-00 Recruitment Expense Governmentjobs.com, Inc. Recruitment Subscriptions/Software Svcs 12/15/23-12/14/24 71407 9,851.99 Vendor Subtotal for Section 2:7058 9,851.99
Section 2:7058
100-7058-5320-00 Recruitment Expense Laboratory Corp. of America New Employee Lab Work (2) 71336 59.00 Vendor Subtotal for Section 2:7058 59.00
Section 2:7058
100-7058-5320-00 Recruitment Expense Charles McCrory Background Check - Executive Assistant 71425 450.00 100-7058-5320-00 Recruitment Expense Charles McCrory Background Check - Sr Permit Svcs Technician 71425 450.00 Vendor Subtotal for Section 2:7058 900.00
Section 2:7058
100-7058-5320-00 Recruitment Expense U.S. Bank CM-2962 LinkedIn - Recruitment Ads 71382 107.15 100-7058-5320-00 Recruitment Expense U.S. Bank HR-5582 Cafe Habana - Retirement Training Lunch 12/6/23 71382 59.80 Vendor Subtotal for Section 2:7058 166.95
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 23 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:7058
100-7058-6170-00 Events U.S. Bank CS-4743 Maria's Italian - Employee Luncheon 12/13/23 71382 2,408.47 100-7058-6170-00 Events U.S. Bank CS-7084 Marina Cleaners - Tablecloth Dry Cleaning 71382 355.35 100-7058-6170-00 Events U.S. Bank CS-2169 Costco/Starbucks - Employee Luncheon Dec '23 71382 213.30 Vendor Subtotal for Section 2:7058 2,977.12
Section 2:7059
100-7059-4205-00 Life Insurance Standard Insurance Company N2 PR 18.01.2024 Life Insurance-Rounding 71452 -0.07 Vendor Subtotal for Section 2:7059 -0.07
Section 2:7059
100-7059-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 6.19 100-7059-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD-Rounding 71452 0.02 Vendor Subtotal for Section 2:7059 6.21
Section 2:7059
100-7059-5205-00 Postage U.S. Bank AS-2163 USPS - Postage 71382 33.80 Vendor Subtotal for Section 2:7059 33.80
Section 2:7059
100-7059-5210-00 Service Fees & Charges Public Agency Retirement Srvcs PARS Admin Fee - Oct '23 71359 300.00 Vendor Subtotal for Section 2:7059 300.00
Section 2:7059
100-7059-5640-00 Equipment Maintenance ARC Imaging Resources HP Pagewide XL4100MFP Meter Read 11/26 - 12/26/23 71310 19.43 Vendor Subtotal for Section 2:7059 19.43
Section 2:7059
100-7059-5640-00 Equipment Maintenance Excel Office Services Copier Maint 11/17 - 12/16/23 71402 2,803.26 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 24 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:7059 2,803.26
Section 2:7059
100-7059-5721-00 Telephone Frontier California Inc Phone - Annex Fax Ln - Jan '24 71404 60.99 100-7059-5721-00 Telephone Frontier California Inc Phone - City Hall Fac, Cable, Teleconference - Jan '24 71404 499.07 Vendor Subtotal for Section 2:7059 560.06
Section 2:7059
100-7059-5721-00 Telephone Nextiva, Inc. City Hall Phone Svcs 12/18/23 - 1/17/24 71430 4,164.96 Vendor Subtotal for Section 2:7059 4,164.96
Section 2:7059
100-7059-5721-00 Telephone T-Mobile USA Inc Phones/iPads 11/21 - 12/20/23 71373 261.25 Vendor Subtotal for Section 2:7059 261.25
Section 2:7059
100-7059-5721-00 Telephone Verizon Wireless Services LLC Cell Phone Svcs 11/24 - 12/23/23 71377 3,989.83 Vendor Subtotal for Section 2:7059 3,989.83
Section 2:7059
100-7059-5800-00 Equipment Leases Xerox Corporation Xerox Lease - C8155 - 11/22 - 12/21/23 71381 519.20 100-7059-5800-00 Equipment Leases Xerox Corporation Xerox Lease - C8155 - 12/22/23 - 1/21/24 71381 354.03 100-7059-5800-00 Equipment Leases Xerox Corporation Xerox Lease - C70 - 12/20/23 - 1/19/24 71381 783.40 100-7059-5800-00 Equipment Leases Xerox Corporation Xerox Lease - B8170 - 11/22/23 - 1/21/24 71511 1,375.00 Vendor Subtotal for Section 2:7059 3,031.63
Section 2:7059
100-7059-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Non Departmental 71371 67.08 100-7059-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Non Departmental 71371 695.31 100-7059-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Non Departmental 71503 158.30 Vendor Subtotal for Section 2:7059 920.69
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 25 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:7059
100-7059-6160-00 Operating Supplies U.S. Bank AS-0702 Safeguard - Forms/Envelopes 71382 266.12 100-7059-6160-00 Operating Supplies U.S. Bank AS-2163 Amazon - Malibu Church Thank You Card 71382 10.98 100-7059-6160-00 Operating Supplies U.S. Bank IS-4175 Printer Toner 71382 62.10 Vendor Subtotal for Section 2:7059 339.20
Subtotal for Section 1: 100 1,402,545.04
Section 1: 101
Section 2:0000
101-0000-3208-00 Electrical Permit Fees Bryan Lopez Ref- Plan Check Fee, 6655 Portshead Rd 71350 215.00 Vendor Subtotal for Section 2:0000 215.00
Section 2:0000
101-0000-3408-00 Biology Review Fees Mary Corse Ref- Bio Fee CDP 23-055, 5906 Philip Ave 71322 430.00 Vendor Subtotal for Section 2:0000 430.00
Section 2:0000
101-0000-3409-00 Document Retention Fee Bryan Lopez Ref- Doc Retention Fee, 6655 Portshead Rd 71350 8.00 Vendor Subtotal for Section 2:0000 8.00
Section 2:0000
101-0000-3412-00 Geo Soils Engineering Fees Mary Corse Ref- Geo Fee CDP 23-055, 5906 Philip Ave 71322 2,694.50 Vendor Subtotal for Section 2:0000 2,694.50
Section 2:0000
101-0000-3419-00 Credit Card Fees Bryan Lopez Ref- Credit Card Fee, 6655 Portshead Rd 71350 8.76 Vendor Subtotal for Section 2:0000 8.76
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 26 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:0000
101-0000-3421-00 Planning Review Fees Mary Corse Ref- Level 3 Fee CDP 23-055, 5906 Philip Ave 71322 9,546.00 Vendor Subtotal for Section 2:0000 9,546.00
Section 2:0000
101-0000-3421-00 Planning Review Fees Reza Nabavi Ref- PVD 21-018 Withdrawn, 20238 Piedra Chica Rd 71492 351.00 Vendor Subtotal for Section 2:0000 351.00
Section 2:0000
101-0000-3421-00 Planning Review Fees SBMMR14 LLC Ref- Time Extension Fee APR 18-050, 21236 PCH 71367 567.00 Vendor Subtotal for Section 2:0000 567.00
Section 2:0000
101-0000-3421-00 Planning Review Fees Reagan W Silber Ref- Planning Fee APR 21-079, 28022 Sea Lane Dr 71437 1,933.00 Vendor Subtotal for Section 2:0000 1,933.00
Section 2:0000
101-0000-3427-00 Technology Enhancement Fee Bryan Lopez Ref- Tech Fee, 6655 Portshead Rd 71350 15.05 Vendor Subtotal for Section 2:0000 15.05
Section 2:0000
101-0000-3435-00 Admin Permit Processing Fee Bryan Lopez Ref- Admin Fee, 6655 Portshead Rd 71350 53.75 Vendor Subtotal for Section 2:0000 53.75
Section 2:2001
101-2001-4203-00 Vision Insurance Blue Shield of California PR 18.01.2024 Vision Care-Peralta-Feb'24 71446 -9.45 Vendor Subtotal for Section 2:2001 -9.45
Section 2:2001
101-2001-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 145.76 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 27 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:2001 145.76
Section 2:2001
101-2001-5100-00 Professional Services Civic Solutions, Inc Contract Planning Svcs - Dec '23 71316 5,501.25 Vendor Subtotal for Section 2:2001 5,501.25
Section 2:2001
101-2001-5100-00 Professional Services Courtney Jean McCammon City Project Contract Biologist - Dec '23 71317 150.00 Vendor Subtotal for Section 2:2001 150.00
Section 2:2001
101-2001-5100-00 Professional Services Joseph D Smith Planning Svcs - Nov '23 71318 25,706.00 101-2001-5100-00 Professional Services Joseph D Smith Planning Svcs - Dec '23 71318 25,717.00 Vendor Subtotal for Section 2:2001 51,423.00
Section 2:2001
101-2001-5100-00 Professional Services Allison Cook City Planning Svcs - Dec '23 71320 8,400.00 Vendor Subtotal for Section 2:2001 8,400.00
Section 2:2001
101-2001-5100-00 Professional Services Cotton,Shires & Associates,Inc Planning Svcs - Dec '23 71468 925.00 Vendor Subtotal for Section 2:2001 925.00
Section 2:2001
101-2001-5100-00 Professional Services CSG Consultants, Inc. Planning Consultant Svcs - 10/28 - 11/24/23 71324 6,270.00 101-2001-5100-00 Professional Services CSG Consultants, Inc. Planning Consultant Svcs - 11/25 - 12/29/23 71470 408.75 Vendor Subtotal for Section 2:2001 6,678.75
Section 2:2001
101-2001-5100-00 Professional Services Lorrie Feinberg Database Updates - Planning - Dec '23 71478 5,838.75 Vendor Subtotal for Section 2:2001 5,838.75
Section 2:2001
101-2001-5100-00 Professional Services JLee Engineering, Inc. Contract Planner - Dec '23 71479 10,880.00 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 28 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:2001 10,880.00
Section 2:2001
101-2001-5100-00 Professional Services Rincon Consultants, Inc Malibu Housing Element Update - Dec '23 71497 12,564.50 101-2001-5100-00 Professional Services Rincon Consultants, Inc Planning Consultant Svcs - Dec '23 71497 9,116.75 Vendor Subtotal for Section 2:2001 21,681.25
Section 2:2001
101-2001-5100-00 Professional Services U.S. Bank CC-2343 Veribook Planning Inspection 71382 96.93 Vendor Subtotal for Section 2:2001 96.93
Section 2:2001
101-2001-5100-01 Coastal Dev. Permit Services Courtney Jean McCammon Contract Biologist - Dec '23 71317 10,000.00 Vendor Subtotal for Section 2:2001 10,000.00
Section 2:2001
101-2001-5107-00 Contract Personnel OfficeTeam A Robert Half Company Temporary Staff - Planning Admin 12/15/23 71303 2,376.00 101-2001-5107-00 Contract Personnel OfficeTeam A Robert Half Company Temporary Staff - Planning Admin 12/8/23 71303 2,376.00 101-2001-5107-00 Contract Personnel OfficeTeam A Robert Half Company Temporary Staff - Planning Admin 1/5/24 71384 1,934.08 101-2001-5107-00 Contract Personnel OfficeTeam A Robert Half Company Temporary Staff - Planning Admin 12/22/23 71384 1,811.70 101-2001-5107-00 Contract Personnel OfficeTeam A Robert Half Company Temporary Staff - Planning Admin 1/12/24 71457 2,417.60 Vendor Subtotal for Section 2:2001 10,915.38
Section 2:2001
101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 24700 Malibu Rd - APR 22-068 71338 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 28804 Bison Ct - APR 22-066 71339 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 28936 Grayfox St - APR 22-004 71340 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 29905 Cuthbert Rd - APR 23-022 71341 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 7010 Birdview Ave - APRWF 21-057 71342 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 19118 Pacific Coast Hwy - APR 23-044 7113 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 20638 Pacific Coast Hwy,4-15 - APR 22-048 71414 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 30002 Zenith Point Rd - DMW 23-005 71415 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 30018 Zenith Point Rd - DMW 23-009 71416 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 6210 Ocean Breeze Dr - DMW 23-011 71417 75.00 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 29 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 3217 Sumac Ridge Rd - APR 23-002 71481 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 5942 Cavalleri Rd - APRWF 23-025 71482 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 5944 Cavalleri Rd - APRWF 21-029 71483 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 6345 Tantalus Dr - ACDP 16-020 71484 75.00 101-2001-5210-00 Service Fees & Charges LA County Registrar-Recorder LA Co Clerk CEQA Filing - 6655 Dume Dr - ACDP 22-008 71485 75.00 Vendor Subtotal for Section 2:2001 1,125.00
Section 2:2001
101-2001-5330-00 Dues & Memberships U.S. Bank PL-5265 Zoom/Planetizen - Memberhsips 71382 215.71 Vendor Subtotal for Section 2:2001 215.71
Section 2:2001
101-2001-5401-00 Advertising & Noticing 13 Stars Media Ad- Notice of Public Hearing 21 Day 12/21/23 71300 122.40 101-2001-5401-00 Advertising & Noticing 13 Stars Media Display Ad- Nobu Ryokan Motel 10/19/23 71300 283.05 101-2001-5401-00 Advertising & Noticing 13 Stars Media Ad- Notice of Public Hearing 21-Day 10/12/23 71300 149.94 101-2001-5401-00 Advertising & Noticing 13 Stars Media Display Ad- Notice of Public Hearing 10/19/23 71300 141.52 101-2001-5401-00 Advertising & Noticing 13 Stars Media Ad- Notice of Public Hearing 21-Day 10/26/23 71300 183.60 101-2001-5401-00 Advertising & Noticing 13 Stars Media Display Ad- WF Rebuild Deadlines 11/23 & 12/21/23 7100 283.04 101-2001-5401-00 Advertising & Noticing 13 Stars Media Display Ad- TUP 23-033 Notice 10/12/23 71300 141.52 101-2001-5401-00 Advertising & Noticing 13 Stars Media Ad- City Council Study Session 12/21/23 71300 141.52 101-2001-5401-00 Advertising & Noticing 13 Stars Media Ad- Notice of Public Hearing 1/4/24 71383 134.64 101-2001-5401-00 Advertising & Noticing 13 Stars Media Legal Notice - Public Hearing 21-Day 1/11/24 71455 156.06 101-2001-5401-00 Advertising & Noticing 13 Stars Media Legal Notice - Housing Element 1/11/24 71455 141.52 Vendor Subtotal for Section 2:2001 1,878.81
Section 2:2001
101-2001-5401-00 Advertising & Noticing CR PRINT Public Notice Postcard Mailings - 6621 Wandermere Rd 71323 240.97 101-2001-5401-00 Advertising & Noticing CR PRINT Public Notice Postcard Mailings - Citywide 71323 236.11 101-2001-5401-00 Advertising & Noticing CR PRINT Public Notice Postcard Mailings 71323 223.88 101-2001-5401-00 Advertising & Noticing CR PRINT Public Notice Postcard Mailings - Housing Element 71323 620.94 101-2001-5401-00 Advertising & Noticing CR PRINT Public Notice Postcard Mailings 71397 489.18 101-2001-5401-00 Advertising & Noticing CR PRINT Public Notice Postcard Mailings 71469 276.65 Vendor Subtotal for Section 2:2001 2,087.73
Section 2:2001
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 30 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount 101-2001-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Planning 71371 77.86 101-2001-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Planning 71371 16.49 101-2001-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Planning 71503 381.71 Vendor Subtotal for Section 2:2001 476.06
Section 2:2001
101-2001-6200-00 Publications CR PRINT City of Malibu 2021-2029 Housing Element Copies 71469 1,001.93 Vendor Subtotal for Section 2:2001 1,001.93
Section 2:2004
101-2004-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 70.61 Vendor Subtotal for Section 2:2004 70.61
Section 2:2004
101-2004-5100-00 Professional Services Cotton,Shires & Associates,Inc Coastal Reviews - Dec '23 71468 2,459.00 101-2004-5100-00 Professional Services Cotton,Shires & Associates,Inc Geology/Coastal Counter Hours - Dec '23 71468 13,690.00 101-2004-5100-00 Professional Services Cotton,Shires & Associates,Inc B&S Tasks - Dec '23 71468 2,590.00 101-2004-5100-00 Professional Services Cotton,Shires & Associates,Inc EH Counter Hours - Dec '23 71468 1,909.00 101-2004-5100-00 Professional Services Cotton,Shires & Associates,Inc Geotech Reviews - Dec '23 71468 24,625.63 Vendor Subtotal for Section 2:2004 45,273.63
Section 2:2004
101-2004-5100-00 Professional Services Lorrie Feinberg Database Updates - Building Safety - Dec '23 71478 5,771.25 Vendor Subtotal for Section 2:2004 5,771.25
Section 2:2004
101-2004-5100-00 Professional Services Kimley-Horn and Associates Inc Task 10 & 10.1: Dark Sky Analysis - Nov '23 71480 25,000.00 Vendor Subtotal for Section 2:2004 25,000.00
Section 2:2004
101-2004-5100-00 Professional Services True North Compliance Services, Inc. Plan Review - Dec '23 71506 40,352.30 101-2004-5100-00 Professional Services True North Compliance Services, Inc. Plan Review - In House - Dec '23 71506 1,995.00 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 31 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:2004 42,347.30
Section 2:2004
101-2004-5100-00 Professional Services Bureau Veritas North America, Inc. Plan Check - Dec '23 71508 4,620.00 Vendor Subtotal for Section 2:2004 4,620.00
Section 2:2004
101-2004-5107-00 Contract Personnel AppleOne Temporary Staff - Office Assistant 12/2/23 71309 1,447.60 101-2004-5107-00 Contract Personnel AppleOne Temporary Staff - Office Assistant 12/9/23 71309 1,447.60 101-2004-5107-00 Contract Personnel AppleOne Temporary Staff - Office Assistant 12/23/23 71387 1,146.02 101-2004-5107-00 Contract Personnel AppleOne Temporary Staff - Office Assistant 12/16/23 71387 1,158.08 101-2004-5107-00 Contract Personnel AppleOne Temporary Staff - Office Assistant 1/6/24 71461 1,158.08 Vendor Subtotal for Section 2:2004 6,357.38
Section 2:2004
101-2004-5210-00 Service Fees & Charges Dept. of Conservation Oct-Dec'23 Strong Motion/Seismic Hazard Mapping 71325 7,049.29 Vendor Subtotal for Section 2:2004 7,049.29
Section 2:2004
101-2004-5300-00 Travel and Training U.S. Bank ESD-9405 Northridge Earthquake Symposium (2) 71382 300.00 Vendor Subtotal for Section 2:2004 300.00
Section 2:2004
101-2004-5401-00 Advertising & Noticing Design Services, Inc. Final Pymt - Inv#s 21101, 221202, 230101 71326 3,525.00 Vendor Subtotal for Section 2:2004 3,525.00
Section 2:2004
101-2004-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Bldg Safety 71371 209.56 101-2004-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Bldg Safety 71441 46.64 101-2004-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Bldg Safety 71503 10.25 101-2004-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Bldg Safety 71503 81.14 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 32 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:2004 347.59
Section 2:2004
101-2004-6160-00 Operating Supplies U.S. Bank ESD-7736 Amazon - Desktop Supplies 71382 37.38 101-2004-6160-00 Operating Supplies U.S. Bank ESD-9405 Amazon - Supplies 71382 40.63 Vendor Subtotal for Section 2:2004 78.01
Section 2:2004
101-2004-6400-00 Clothing & Emergency Gear John Long Reimb- Work Shoes for Building Inspector 71489 150.80 Vendor Subtotal for Section 2:2004 150.80
Section 2:2010
101-2010-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 23.14 Vendor Subtotal for Section 2:2010 23.14
Section 2:2010
101-2010-5100-00 Professional Services Cotton,Shires & Associates,Inc EH Reviews - Dec '23 71468 14,130.00 Vendor Subtotal for Section 2:2010 14,130.00
Section 2:2010
101-2010-5100-00 Professional Services Lorrie Feinberg Database Updates - Wastewater (EH) - Dec '23 71478 67.50 Vendor Subtotal for Section 2:2010 67.50
Section 2:2012
101-2012-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 24.97 Vendor Subtotal for Section 2:2012 24.97
Section 2:3003
101-3003-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 37.82 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 33 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:3003 37.82
Section 2:3003
101-3003-5100-00 Professional Services Larry Walker Associates, Inc EWMP Update - Nov '23 71486 7,688.50 Vendor Subtotal for Section 2:3003 7,688.50
Section 2:3003
101-3003-5100-00 Professional Services Rincon Consultants, Inc On-Call Environmental Svcs - Nov '23 71365 14,523.75 Vendor Subtotal for Section 2:3003 14,523.75
Section 2:3003
101-3003-5100-02 CIMP Tetra Tech Inc CIMP Monitoring 10/28 - 11/24/23 71372 22,161.01 Vendor Subtotal for Section 2:3003 22,161.01
Section 2:3003
101-3003-5300-00 Travel and Training U.S. Bank ESD-9405 Malibu Prof Network - Nobu Luncheon 71382 390.00 Vendor Subtotal for Section 2:3003 390.00
Subtotal for Section 1: 101 355,171.47
Section 1: 102
Section 2:3002
102-3002-5100-01 Coastal Dev Permit Services Courtney Jean McCammon Woolsey Fire Contract Biologist - Dec '23 71317 2,254.00 Vendor Subtotal for Section 2:3002 2,254.00
Section 2:3002
102-3002-5100-02 Fire Rebuilds - Planning 4LEAF, Inc Woolsey Fire Contract Planner - Nov '23 71301 19,530.37 102-3002-5100-02 Fire Rebuilds - Planning 4LEAF, Inc Woolsey Fire Contract Planner - Dec '23 71456 19,390.01 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 34 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:3002 38,920.38
Section 2:3002
102-3002-5100-03 Fire Rebuilds - ESD Cotton,Shires & Associates,Inc EH Reviews - Woolsey Fire - Dec '23 71468 3,398.00 102-3002-5100-03 Fire Rebuilds - ESD Cotton,Shires & Associates,Inc Woolsey Fire - Counter Hours - Dec '23 71468 7,906.75 102-3002-5100-03 Fire Rebuilds - ESD Cotton,Shires & Associates,Inc Geotech Reviews - Woolsey Fire - Dec '23 71468 8,559.50 Vendor Subtotal for Section 2:3002 19,864.25
Section 2:3002
102-3002-5100-03 Fire Rebuilds - ESD True North Compliance Services, Inc. Woolsey Fire Rebuild Plan Reviews - Dec '23 71506 18,799.62 Vendor Subtotal for Section 2:3002 18,799.62
Section 2:9219
102-9219-5100-00 Outdoor Warning Sirens Acoustic Technology, Inc. Outdoor Warning Siren 71305 4,200.00 Vendor Subtotal for Section 2:9219 4,200.00
Subtotal for Section 1: 102 84,038.25
Section 1: 103
Section 2:9050
103-9050-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 5.92 Vendor Subtotal for Section 2:9050 5.92
Section 2:9050
103-9050-5100-00 Professional Services Pacific Coast Elevator Corp. City Hall Elevator/Lift Maint Q3 1/1 - 3/31/24 71308 808.86 Vendor Subtotal for Section 2:9050 808.86
Section 2:9050
103-9050-5100-00 Professional Services Master Cooling Corporation City Hall HVAC Monthly - Jan '24 71353 2,032.90 Vendor Subtotal for Section 2:9050 2,032.90
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 35 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:9050
103-9050-5100-00 Professional Services Ultimate Maintenance Services Inc City Hall Janitorial Svcs - Jan '24 71375 4,350.00 Vendor Subtotal for Section 2:9050 4,350.00
Section 2:9050
103-9050-5610-00 Facilities Maintenance AAA Propane Services, Inc. City Hall - Propane 71302 498.75 Vendor Subtotal for Section 2:9050 498.75
Section 2:9050
103-9050-5610-00 Facilities Maintenance Climatec LLC HVAC Tech Support 71393 215.00 Vendor Subtotal for Section 2:9050 215.00
Section 2:9050
103-9050-5610-00 Facilities Maintenance Duthie Electrical Services City Hall Generator Svc 71400 989.97 Vendor Subtotal for Section 2:9050 989.97
Section 2:9050
103-9050-5610-00 Facilities Maintenance Richard Fettinger City Hall - General Labor 12/15/23 71403 1,560.00 Vendor Subtotal for Section 2:9050 1,560.00
Section 2:9050
103-9050-5610-00 Facilities Maintenance G.I. Industries Garbage - City Hall Green Waste - Jan '24 71328 54.23 Vendor Subtotal for Section 2:9050 54.23
Section 2:9050
103-9050-5610-00 Facilities Maintenance HD Supply Facilties Maintenance, Ltd City Hall - Janitorial Supplies 71331 1,232.18 Vendor Subtotal for Section 2:9050 1,232.18
Section 2:9050
103-9050-5610-00 Facilities Maintenance Master Cooling Corporation Replace VFD in Tower 71353 1,397.40 103-9050-5610-00 Facilities Maintenance Master Cooling Corporation City Hall - Water Motor 71353 2,456.93 Vendor Subtotal for Section 2:9050 3,854.33
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 36 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:9050
103-9050-5610-00 Facilities Maintenance Regency Enterprises Inc City Hall - Lamps 71364 417.38 103-9050-5610-00 Facilities Maintenance Regency Enterprises Inc City Hall - Building Lamps 71433 746.01 103-9050-5610-00 Facilities Maintenance Regency Enterprises Inc City Hall - Lamps 71496 378.88 Vendor Subtotal for Section 2:9050 1,542.27
Section 2:9050
103-9050-5610-00 Facilities Maintenance U.S. Bank AS-7465 OMCHAIRS - Office Chairs (3) 71382 1,710.00 103-9050-5610-00 Facilities Maintenance U.S. Bank AS-7465 City Hall Fac Maint 71382 1,108.19 Vendor Subtotal for Section 2:9050 2,818.19
Section 2:9050
103-9050-5721-00 Telephone Frontier California Inc Phone - City Hall Septic, Irrigation, Fire, Elevator - Jan '24 71404 407.16 Vendor Subtotal for Section 2:9050 407.16
Section 2:9050
103-9050-5722-00 Electricity Southern California Edison Company City Hall - Nov '23 71368 8,809.02 Vendor Subtotal for Section 2:9050 8,809.02
Section 2:9050
103-9050-5723-00 Water LA Co MalibuTreasurer-Waterworks Water - City Hall Fire Line 11/7/23 - 1/4/24 Acct#29153012 71419 450.17 103-9050-5723-00 Water LA Co MalibuTreasurer-Waterworks Water - City Hall 11/7/23 - 1/4/24 Acct#29153093 71419 798.73 Vendor Subtotal for Section 2:9050 1,248.90
Section 2:9050
103-9050-7300-00 Leasehold Improvements Conejo Window Tinting Office Rebuilds - Frost Tint 71467 250.00 Vendor Subtotal for Section 2:9050 250.00
Section 2:9050
103-9050-7300-00 Leasehold Improvements Genesis Floor Covering Inc Office Rebuild - New Carpet 71476 2,723.23 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 37 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:9050 2,723.23
Subtotal for Section 1: 103 33,400.91
Section 1: 203
Section 2:3009
203-3009-5145-00 Dial A Ride Services 13 Stars Media Ad- Dial-A-Ride 12/21/23 71300 268.00 203-3009-5145-00 Dial A Ride Services 13 Stars Media Ad- Dial-A-Ride 11/16/23 71300 268.00 Vendor Subtotal for Section 2:3009 536.00
Section 2:3009
203-3009-5145-00 Dial A Ride Services Ventura Transit System, Inc. City of Malibu Dial-A-Ride - Dec '23 71443 5,389.00 Vendor Subtotal for Section 2:3009 5,389.00
Subtotal for Section 1: 203 5,925.00
Section 1: 207
Section 2:3004
207-3004-5100-00 Professional Services Black Gold Industries Hazardous Waste Dec '23 71463 858.00 Vendor Subtotal for Section 2:3004 858.00
Section 2:3004
207-3004-5100-00 Professional Services Solid Waste Solutions, Inc. Solid Waste Consultant - AB 939 - Dec '23 71370 215.75 Vendor Subtotal for Section 2:3004 215.75
Section 2:3004
207-3004-5100-01 Dumpster Lid Enforcement Solid Waste Solutions, Inc. Dumpster Lid Enforcement - Dec '23 71370 5,710.00 Vendor Subtotal for Section 2:3004 5,710.00
Section 2:3004
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 38 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount 207-3004-5401-00 Advertising & Noticing 13 Stars Media Ad- Christmas Tree Recycling 12/28/23 71300 268.00 207-3004-5401-00 Advertising & Noticing 13 Stars Media Ad- Christmas Tree Recycling 1/4/24 71455 268.00 Vendor Subtotal for Section 2:3004 536.00
Section 2:3004
207-3004-5850-00 Recycling supplies Solid Waste Solutions, Inc. SB 1383 Grant - Dec '23 71370 99.50 Vendor Subtotal for Section 2:3004 99.50
Subtotal for Section 1: 207 7,419.25
Section 1: 211
Section 2:7021
211-7021-5115-00 Law Enforcement Services LA Co Sheriff's Department Sheriff's Svcs - Brulte - Nov '23 71344 22,667.66 Vendor Subtotal for Section 2:7021 22,667.66
Subtotal for Section 1: 211 22,667.66
Section 1: 215
Section 2:7070
215-7070-5931-01 Labor Exchange Malibu Comm Labor Exchange CDBG Day Labor Exchange - Nov '23 71352 825.00 Vendor Subtotal for Section 2:7070 825.00
Section 2:7070
215-7070-7800-00 Other Equipment Williams Scotsman Inc MCLE Restroom Trailer - Toilet Unit - 12/27/23 - 1/23/24 71380 4,331.10 215-7070-7800-00 Other Equipment Williams Scotsman Inc Temporary Office Trailer - 12/28/23 - 1/27/24 71380 1,470.82 Vendor Subtotal for Section 2:7070 5,801.92
Subtotal for Section 1: 215 6,626.92
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 39 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 1: 290
Section 2:6002
290-6002-5722-00 Electricity Southern California Edison Company Asmt Dist Big Rock - Nov '23 71368 2,227.49 290-6002-5722-00 Electricity Southern California Edison Company Big Rock Inland Pump - Nov '23 71368 80.07 Vendor Subtotal for Section 2:6002 2,307.56
Subtotal for Section 1: 290 2,307.56
Section 1: 291
Section 2:6003
291-6003-5722-00 Electricity Southern California Edison Company Asmt dst Malibu Rd - Nov '23 71368 78.18 Vendor Subtotal for Section 2:6003 78.18
Subtotal for Section 1: 291 78.18
Section 1: 292
Section 2:6004
292-6004-5722-00 Electricity Southern California Edison Company Calle Del Barco - Nov '23 71368 14.51 292-6004-5722-00 Electricity Southern California Edison Company Asmt Dist Rambla-Calle - Nov '23 71368 17.66 292-6004-5722-00 Electricity Southern California Edison Company Asmt Dist Calle Del - Nov '23 71368 22.28 Vendor Subtotal for Section 2:6004 54.45
Subtotal for Section 1: 292 54.45
Section 1: 310
Section 2:9090
310-9090-5100-00 Permanent Skate Park Rincon Consultants, Inc Permanent Skatepark - Noise Analysis - Nov '23 71365 1,425.00 Vendor Subtotal for Section 2:9090 1,425.00
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 40 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Subtotal for Section 1: 310 1,425.00
Section 1: 500
Section 2:7008
500-7008-5130-00 Park Maintenance Landscape Development, Inc. Legacy Park - Irrigation Repairs 12/13/23 71473 187.50 Vendor Subtotal for Section 2:7008 187.50
Section 2:7008
500-7008-5130-00 Park Maintenance G.I. Industries Garbage - Ioki Lot - Jan '24 71405 543.86 500-7008-5130-00 Park Maintenance G.I. Industries Garbage - Ioki Lot Dumpster MCS 11/16 - 11/30/23 71405 68.00 500-7008-5130-00 Park Maintenance G.I. Industries Garbage - Ioki Lot Dumpster MCS 12/1 - 12/15/23 71477 694.72 500-7008-5130-00 Park Maintenance G.I. Industries Garbage - Ioki Lot Dumpster MCS 12/16 - 12/31/23 71477 33.48 Vendor Subtotal for Section 2:7008 1,340.06
Section 2:7008
500-7008-5130-00 Park Maintenance House R Us Legacy Park - Tile Repairs 71409 9,600.00 Vendor Subtotal for Section 2:7008 9,600.00
Section 2:7008
500-7008-5130-00 Park Maintenance Athaco Inc. Legacy Park - Signs 71351 795.71 Vendor Subtotal for Section 2:7008 795.71
Section 2:7008
500-7008-5130-00 Park Maintenance R P Barricade, Inc. Legacy Park Barricades 71366 541.31 Vendor Subtotal for Section 2:7008 541.31
Section 2:7008
500-7008-5130-00 Park Maintenance U.S. Bank CS-1673 Malibu Hardware - Legacy Park Tarps 71382 43.98 Vendor Subtotal for Section 2:7008 43.98
Section 2:7008
500-7008-5610-00 Facility Maintenance G.I. Industries Garbage - Supercare Pharmacy - Jan '24 71405 880.12 Vendor Subtotal for Section 2:7008 880.12
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 41 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:7008
500-7008-5722-00 Electricity Southern California Edison Company Legacy Park Lift Station - Nov '23 71368 1,135.12 500-7008-5722-00 Electricity Southern California Edison Company 23661 PCH - Nov '23 71368 841.71 Vendor Subtotal for Section 2:7008 1,976.83
Subtotal for Section 1: 500 15,365.51
Section 1: 515
Section 2:3010
515-3010-5100-00 Professional Services Water Resources Economics CCWTF Water Rate Update - Phase 1 - Nov '23 71378 3,450.00 Vendor Subtotal for Section 2:3010 3,450.00
Section 2:3010
515-3010-5656-00 Water Quality Test/Monitoring Rincon Consultants, Inc Malibu Civic Center Water Quality Monitoring - Oct '23 71365 6,156.25 Vendor Subtotal for Section 2:3010 6,156.25
Section 2:3010
515-3010-5722-00 Electricity Southern California Edison Company CCWWTF - Nov '23 71368 11,620.05 515-3010-5722-00 Electricity Southern California Edison Company Injection Wells/CCWWTF - Nov '23 71368 287.03 Vendor Subtotal for Section 2:3010 11,907.08
Subtotal for Section 1: 515 21,513.33
Section 1: 601
Section 2:3005
601-3005-5722-00 Electricity Southern California Edison Company Electric Car Charger - Nov '23 71368 316.05 Vendor Subtotal for Section 2:3005 316.05
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 42 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:3005
601-3005-6330-00 Vehicle Repair & Maintenance Vasudevan Naicker Car Wash City Vehicles 1/4/23 71357 245.00 601-3005-6330-00 Vehicle Repair & Maintenance Vasudevan Naicker Car Wash City Vehicles 1/18/24 71493 280.00 Vendor Subtotal for Section 2:3005 525.00
Section 2:3005
601-3005-6330-00 Vehicle Repair & Maintenance U.S. Bank PW-8679 Malibu Auto Care - Vehicle Maint 71382 1,746.16 Vendor Subtotal for Section 2:3005 1,746.16
Section 2:3005
601-3005-6500-00 Motor Fuels Wright Express FSC Wex Bank Gas Receipts 11/24 - 12/23/23 71315 1,618.39 Vendor Subtotal for Section 2:3005 1,618.39
Section 2:3005
601-3005-6500-00 Motor Fuels U.S. Bank CS-7433 Chevron/Shell - Fleet Fuel 71382 176.10 601-3005-6500-00 Motor Fuels U.S. Bank CS-2481 Exxon - Fleet Fuel 71382 294.77 601-3005-6500-00 Motor Fuels U.S. Bank PW-1571 Shell - Fleet Fuel 71382 60.22 601-3005-6500-00 Motor Fuels U.S. Bank PW-9093 Chevron - Fleet Fuel 71382 192.87 601-3005-6500-00 Motor Fuels U.S. Bank PW-8679 Shell - Fleet Fuel 71382 83.00 Vendor Subtotal for Section 2:3005 806.96
Subtotal for Section 1: 601 5,012.56
Section 1: 602
Section 2:7060
602-7060-4209-00 Disability Insurance Standard Insurance Company N2 PR 18.01.2024 STD/LTD 71452 19.57 Vendor Subtotal for Section 2:7060 19.57
Section 2:7060
602-7060-5100-00 Professional Services Progent Corporation Tech Support 12/4 & 12/5/23 71431 193.50 Vendor Subtotal for Section 2:7060 193.50
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 43 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Section 2:7060
602-7060-5100-00 Professional Services SDI Presence, LLC IT Strategic Plan - Dec '23 71501 33,047.42 Vendor Subtotal for Section 2:7060 33,047.42
Section 2:7060
602-7060-5721-00 Telephone Frontier California Inc Phone - City Hall Fac Internet - Jan '24 71404 861.34 602-7060-5721-00 Telephone Frontier California Inc City Hall Internet 12/28/23 - 1/27/24 71404 440.98 Vendor Subtotal for Section 2:7060 1,302.32
Section 2:7060
602-7060-5721-00 Telephone Charter Communications Holdings, LLC City Hall Internet - Jan '24 71439 209.98 Vendor Subtotal for Section 2:7060 209.98
Section 2:7060
602-7060-5721-00 Telephone U.S. Bank IS-5921 Amazon - Phone Supplies 71382 29.63 Vendor Subtotal for Section 2:7060 29.63
Section 2:7060
602-7060-6120-00 Computer Software Rogue Services and Solutions Annual Intranet Svcs 12/26/23 - 12/26/24 71410 19,884.00 Vendor Subtotal for Section 2:7060 19,884.00
Section 2:7060
602-7060-6120-00 Computer Software U.S. Bank IS-4175 Computer Software 71382 8,963.04 602-7060-6120-00 Computer Software U.S. Bank IS-5921 Computer Software 71382 535.11 Vendor Subtotal for Section 2:7060 9,498.15
Section 2:7060
602-7060-6160-00 Operating Supplies Staples Contract & Commercial LLC Office Supplies - Information Systems 71441 13.89 Vendor Subtotal for Section 2:7060 13.89
Section 2:7060
602-7060-6160-00 Operating Supplies U.S. Bank IS-5921 Amazon - Operating Supplies 71382 313.13 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 44 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:7060 313.13
Section 2:7060
602-7060-7400-00 Computer Equipment Qless Inc Equipment for Counter Check-In Proj 71432 900.00 Vendor Subtotal for Section 2:7060 900.00
Section 2:7060
602-7060-7400-00 Computer Equipment Staples Contract & Commercial LLC Office Supplies - Computer Mice & Keyboards 71503 164.95 Vendor Subtotal for Section 2:7060 164.95
Section 2:7060
602-7060-7400-00 Computer Equipment U.S. Bank IS-4175 Computer Equipment 71382 9,998.77 602-7060-7400-00 Computer Equipment U.S. Bank IS-5921 Amazon - Computer Equipment 71382 416.95 Vendor Subtotal for Section 2:7060 10,415.72
Section 2:7060
602-7060-7400-00 Computer Equipment Flexential Colorado Corp Server Colocation - Jan '24 71444 1,158.81 Vendor Subtotal for Section 2:7060 1,158.81
Subtotal for Section 1: 602 77,151.07
Section 1: 710
Section 2:0000
710-0000-2270-06 Special Event Deposits LA Co Sheriff's Department Sheriff's Svcs - Special Event - A Walk On Water 11/11/23 71418 1,275.90 710-0000-2270-06 Special Event Deposits LA Co Sheriff's Department Sheriff's Svcs - Special Event - Malibu Half Marathon Nov '23 71418 13,107.97 Vendor Subtotal for Section 2:0000 14,383.87
Section 2:0000
710-0000-2270-06 Special Event Deposits Lisa McGuire Ref- Sheriff's Fee - A Walk on Water Permit No. 23-006 71426 658.50 Vendor Subtotal for Section 2:0000 658.50
Section 2:0000
710-0000-2270-06 Special Event Deposits Sports Events International Inc Ref- Sheriff's Fee for Malibu Half Marathon 2023 71440 701.36 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 45 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:0000 701.36
Section 2:0000
710-0000-2270-12 Parks - Security Deposits Alliant Insurance Services Inc Q4 Insurance Coverage Pymt for Fac Rentals 71459 209.00 Vendor Subtotal for Section 2:0000 209.00
Section 2:0000
710-0000-2270-44 Library Event 13 Stars Media Ad- MLSS Mitch Albom 11/16/23 71300 268.00 710-0000-2270-44 Library Event 13 Stars Media Ad- MLSS Thomas Levenson 1/4/24 71455 268.00 Vendor Subtotal for Section 2:0000 536.00
Section 2:0000
710-0000-2270-51 Land Development Survey Review ACS International LLC Ref- Remaining Fees COC 23-007, 29329 Heathercli 71306 ff Rd 882.21 Vendor Subtotal for Section 2:0000 882.21
Section 2:0000
710-0000-2270-51 Land Development Survey Review Mary Corse Ref- PW Review CDP 23-055, 5906 Philip Ave 71322 3,225.00 Vendor Subtotal for Section 2:0000 3,225.00
Section 2:0000
710-0000-2271-06 LaPaz Ranch EIR Deposit Rincon Consultants, Inc La Paz - Nov '23 71365 10,887.25 Vendor Subtotal for Section 2:0000 10,887.25
Subtotal for Section 1: 710 31,483.19
Section 1: 712
Section 2:0000
712-0000-1015-00 Cash w/Fiscal Agent - Debt Svc US Bank N.A. CFD 2006-1 Carbon Beach Undergrounding Interest Pymt 71507 37,743.76 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 46 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:0000 37,743.76
Subtotal for Section 1: 712 37,743.76
Section 1: 713
Section 2:0000
713-0000-1015-00 Cash w/Fiscal Agent - DS US Bank N.A. AD 2010-1 Broad Beach Undergrounding Interest Pymt 71507 38,930.63 Vendor Subtotal for Section 2:0000 38,930.63
Subtotal for Section 1: 713 38,930.63
Section 1: 715
Section 2:0000
715-0000-1015-00 Cash w/Fiscal Agent - Debt Svc US Bank N.A. AD 2015-1 CCWTF Phase 1 Interest Pymt 71507 81,321.88 Vendor Subtotal for Section 2:0000 81,321.88
Subtotal for Section 1: 715 81,321.88
Section 1: 900
Section 2:0000
900-0000-2023-00 Vision Insurance Blue Shield of California PR Batch 70018.01.2024 Vision Care 71446 1,425.28 Vendor Subtotal for Section 2:0000 1,425.28
Section 2:0000
900-0000-2024-00 Dental Insurance Delta Dental of California PR Batch 70018.01.2024 Dental Insurance 71448 8,160.25 Vendor Subtotal for Section 2:0000 8,160.25
Section 2:0000
900-0000-2025-00 Life Insurance Standard Insurance Company N2 PR Batch 70018.01.2024 Life Insurance 71452 1,140.50 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 47 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:0000 1,140.50
Section 2:0000
900-0000-2025-01 Additional Life Insurance Standard Insurance Company N2 PR Batch 70018.01.2024 Additional Life Insurance 71453 355.28 Vendor Subtotal for Section 2:0000 355.28
Section 2:0000
900-0000-2026-00 STD/LTD Standard Insurance Company N2 PR Batch 70018.01.2024 STD/LTD 71452 3,271.10 900-0000-2026-00 STD/LTD Standard Insurance Company N2 PR Batch 70004.01.2024 STD/LTD 71452 3,210.72 Vendor Subtotal for Section 2:0000 6,481.82
Section 2:0000
900-0000-2027-00 Employee Assistance Health and Human Resource Center Inc PR Batch 70018.01.2024 Employee Assistance 71445 118.15 Vendor Subtotal for Section 2:0000 118.15
Section 2:0000
900-0000-2041-00 PARS U.S. Bank PR Batch 70018.01.2024 PARS - EE Share 71454 1,165.24 900-0000-2041-00 PARS U.S. Bank PR Batch 70018.01.2024 PARS - ER Share 71454 244.29 Vendor Subtotal for Section 2:0000 1,409.53
Section 2:0000
900-0000-2042-00 Deferred Compensation 457 ICMA-MissionSquare Retirement - 303615 PR Batch 70018.01.2024 ICMA Def Comp - Flat Amount 71449 12,005.39 900-0000-2042-00 Deferred Compensation 457 ICMA-MissionSquare Retirement - 303615 PR Batch 70018.01.2024 ICMA Def Comp - % of Salary 71449 1,179.41 900-0000-2042-00 Deferred Compensation 457 ICMA-MissionSquare Retirement - 303615 PR Batch 70018.01.2024 ER Contribution to ICMA 71449 3,050.00 Vendor Subtotal for Section 2:0000 16,234.80
Section 2:0000
900-0000-2042-01 ICMA Loan Program ICMA-MissionSquare Retirement - 303615 PR Batch 70018.01.2024 ICMA Loan Program 71449 745.83 AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 48 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183 Account Number Description Vendor Description Check No Amount Vendor Subtotal for Section 2:0000 745.83
Section 2:0000
900-0000-2043-00 Deferred Compensation 401 ICMA-MissionSquare Retirement - 108658 PR Batch 70018.01.2024 ICMA - City Manager 71450 600.00 Vendor Subtotal for Section 2:0000 600.00
Section 2:0000
900-0000-2043-00 Deferred Compensation 401 ICMA-MissionSquare Retirement - 108650 PR Batch 70018.01.2024 ICMA - Dept Heads 71451 1,000.00 Vendor Subtotal for Section 2:0000 1,000.00
Section 2:0000
900-0000-2065-00 Miscellaneous Withholdings California State Disbursement Unit PR Batch 70018.01.2024 Income Withholding Order-Calif 71447 339.69 Vendor Subtotal for Section 2:0000 339.69
Subtotal for Section 1: 900 38,011.13
Report Total: 2,268,192.75
AP-Transactions by Account (01/31/2024 - 10:48 AM) Page 49 DocuSign Envelope ID: 29426CD1-0560-411A-9FDC-278A240AB183

Page 1 of 1 ends

Agenda Item # 3.B.3.

Council Agenda Report
To: Mayor Uhring and the Honorable Members of the City Council Prepared by: Kelsey Pettijohn, City Clerk
Approved by: Steve McClary, City Manager
Date prepared: January 31, 2024 Meeting date: February 12, 2024 Subject: Approval of Minutes
RECOMMENDED ACTION: Approve the minutes for the July 10, 2023 Malibu City Council Regular meeting, August 7, 2023 Malibu City Council Special meeting, and August 14, 2023 Malibu City Council Regular meeting.

FISCAL IMPACT: There is no fiscal impact associated with the recommended action.

STRATEGIC PRIORITY: This item is part of the day-to-day operations identified in the Adopted FY 2023-24 Strategic Priority Project List.

DISCUSSION: Staff has prepared draft minutes for the Council meetings of July 10, 2023, August 7, 2023, and August 14, 2023.

ATTACHMENTS:

July 10, 2023 Regular meeting
August 7, 2023 Special meeting
August 14, 2023 Regular meeting
City Council Meeting
02-12-24
Item

3.B.3.
1 MINUTES

MALIBU CITY COUNCIL

REGULAR MEETING
JULY 10, 2023

COUNCIL CHAMBERS
5:30 P.M.

The following meeting was held pursuant to AB 361 and teleconferenced from various locations during the coronavirus disease (COVID-19) pandemic.

MEETING CALL TO ORDER
Mayor Silverstein called the meeting to order at 5:30 p.m.

ROLL CALL
The following persons were recorded in attendance by the Recording Secretary:

PRESENT: Mayor Bruce Silverstein; Mayor Pro Tem Steve Uhring; and Councilmembers Paul Grisanti, Marianne Riggins, and Doug Stewart

PUBLIC COMMENT ON CLOSED SESSION
Mayor Silverstein opened the floor to public comment.

Speakers: None.

RECESS TO CLOSED SESSION
At 5:31 p.m., the Council recessed to Closed Session to discuss the following items listed on the Closed Session agenda:

Conference with Legal Counsel – Existing litigation pursuant to Government Code Section 54956.9(d)(1):

1. Case Name: City’s Petition to Form Malibu USD from Territory in the Santa Monica-Malibu USD
Conference with Legal Counsel – Anticipated Litigation

1. Significant exposure to litigation pursuant to Government Code section 54956.9(d)(2)
Development Agreement between the City of Malibu and La Paz Ranch, LLC, regarding the property located at 23465 Civic Center Way Number of potential cases: (1)

REGULAR SESSION CALL TO ORDER
Mayor Silverstein called the meeting to order at 6:37 p.m. 2 Malibu City Council
Minutes of July 10, 2023

Page 2 of 13 ends

_________________________

ROLL CALL
The following persons were recorded in attendance by the Recording Secretary:

PRESENT: Mayor Bruce Silverstein; Mayor Pro Tem Steve Uhring; and Councilmembers Paul Grisanti, Marianne Riggins, and Doug Stewart
ALSO PRESENT: Trevor Rusin, Interim City Attorney; Steve McClary, City Manager; Joseph Toney, Assistant City Manager; Kelsey Pettijohn, City Clerk; Kristin Riesgo, Community Services Director; Richard Mollica, Planning Director; Susan Dueñas, Public Safety Director; Rob DuBoux, Public Works Director; Christina Muñoz, Deputy City Clerk; Rob Houston, Interim Deputy City Manager; Loren Davis, Recreation Coordinator; Adrianna Fiori, Recreation Coordinator; Chris Orosz, Recreation Supervisor; Kate Manisco, Recreation Manager; Amanda Rigali, Recreation Coordinator; and Brittany Saleaumua, Administrative Assistant

PLEDGE OF ALLEGIANCE
Councilmember Riggins led the Pledge of Allegiance.

CLOSED SESSION REPORT
Interim City Attorney Rusin reported that the meeting convened at 5:30 p.m., after which time the City Council recessed to a Closed Session pursuant to Government Code Section 54956.9(d)(2), with all Councilmembers present. He stated there was no reportable action.

REPORT ON POSTING OF AGENDA
City Clerk Pettijohn reported that the agenda for the meeting was properly posted on June 30, 2023.

APPROVAL OF AGENDA
MOTION Mayor Pro Tem Uhring moved, and Councilmember Riggins seconded a motion to approve the agenda. The question was called, and the motion carried unanimously.

ITEM 1 CEREMONIAL/PRESENTATIONS
A. Community Services Department Update
Community Services Director Riesgo, Recreation Manager Manisco, and Recreation Supervisor Orosz presented Community Services Department updates.

The Council expressed its appreciation for the work done by the Community Services Department.
3 Malibu City Council
Minutes of July 10, 2023

Page 3 of 13 ends

_________________________
ITEM 2.A. PUBLIC COMMENTS
Kraig Hill stated there were not enough registrations for the adult softball league and suggested more outreach by staff. He discussed Senate Bill 423 which allowed for easier development of multi-family housing and requested the City work with opponents of the bill. He requested Council approve an expense stipend for Planning Commissioners and referenced Malibu Municipal Code Section 2.36.110.

He stated that he was told by Council in 2019 that there was not enough money and that the matter would be revisited.

Ryan Embree discussed the antenna pole in front of Santa Monica College (SMC) and stated it violated the City’s conditions of approval. He requested staff provide an update at each meeting on the status of the tower. He stated many agreements were brought to the Council in June and July and suggested adjustment to the terms of the contracts,so they were not all due at the same time. He stated that the Consent Calendar was not the proper place for contract approval.

Mario Sandoval, Mountains Recreation and Conservation Authority (MRCA), stated presented a video from MRCA on coastal access.

Jo Drummond thanked the Community Services Department and expressed appreciation on behalf of the Seawolves Swim Team and the community. She stated that she was glad MRCA provided information on public coastal access, but wished they maintained their properties better. She indicated support for the Planning Commissioner stipend and stated that it might not be needed by some who received other perks. She agreed with Mr. Embree about the antenna pole at SMC which violated City height and color conditions and needed to be removed. She stated variances should not be required for small projects in a landslide area, and did not know why they were being required.

ITEM 2.B. COMMISSION / COMMITTEE / CITY MANAGER UPDATES City Manager McClary thanked Community Services Department staff for the presentation. He announced the July 19, 2023 organic waste recycling virtual training and stated that International Plastic Bag Free Day July 3, 2023 kicked off the City’s celebration of Plastic Free July. He reported on fire rebuilds and stated that 261 permits for single-family dwellings were issued, 131 single-family dwellings were complete, 18 multi-family dwelling units were permitted, and 12 multi-family units were complete. He discussed the July 2, 2023 3.8 magnitude offshore earthquake and stated that no damage occurred in Malibu. He stated that City staff met with the Bay Foundation and discussed the dune restoration project.

He provided an update on Assembly Bill 1500 which extended the property tax exemption for homes damaged or destroyed by the Woolsey Fire and stated that it was moving through the legislature and had not encountered opposition. He stated that the State Recycling Association recognized the City as a leader in composting and the California Resource Recovery Association honored Malibu with the Dave Hardy Leadership Award for organics recycling. He reported staff met with State 4 Malibu City Council
Minutes of July 10, 2023

Page 4 of 13 ends

_________________________
Parks on the Rindge Dam removal proposal which was in early development stages.

He stated that an update on the Baker Tilly development services review was forthcoming. He announced the appointment of Alexis Brown as Deputy City Manager. He announced cancellation of the July 27, 2023 City Council meeting.

He read the City’s statement in response to the video posted by the MRCA regarding the removal of unpermitted beach access signs installed on Broad Beach Road.

In response to Councilmember Riggins, City Manager McClary stated the City was not contacted by the MRCA before the signs on Broad Beach Road were installed.

He stated that the signs were not removed as agreed by the MRCA after the City informed them that they were not in compliance with safety standards, and the City ultimately removed the unpermitted signs.

In response to Councilmember Stewart, City Manager McClary stated he was not aware of any other unpermitted signs installed by the MRCA and that there were permitted signs placed by the MRCA in other locations that functioned well.

Sergeant Chris Soderlund, Los Angeles County Sheriff Department, provided crime statistics for 2023 and stated that part one crimes decreased 12.4 percent from the year prior. He provided a summary of noteworthy arrests which included two for domestic violence, one residential burglary, eight burglarized vehicles, and multiple stolen vehicles. He reported activities by special assignment deputies, which included foot patrols of Legacy Park and Library parking lot, assisting patrols with calls and traffic stops, and outstanding warrant, parole violation, suspended license, and failure to register a vehicle instate arrests. He reported an animal cruelty arrest was made when a dog was discovered without food or water inside an illegally parked vehicle that was towed to the temporary tow yard.

In response to Councilmember Riggins, Sergeant Soderlund stated that the criminal case needed to be resolved before it was determined what would happen to the dog, but in cases of animal cruelty, pets rarely were returned to their owner.

In response to Mayor Silverstein, Sergeant Soderlund confirmed that all the type one crimes he reported were not committed by Malibu residents.

In response to Councilmember Stewart, Sergeant Soderlund stated there were few major incidents over the Independence Day weekend, and most occurred in the late evening and overnight hours. He reported there was one hit and run that involved a motorcyclist that was hit by a truck and the truck’s driver was arrested, and their vehicle impounded. He commented on a party with 700 attendees that occurred at Nobu restaurant and stated that the Sheriff Department scheduled a meeting with Nobu to discuss communication.

Mayor Silverstein commented on the incident with the dog and stated that persons with mental illness needed better interventions than arrest. 5 Malibu City Council
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Councilmember Grisanti thanked the Sheriff Department for their work over the holiday weekend and commented that the individual arrested in connection with the dog was on a controlled substance.

Councilmember Riggins discussed an incident where the Volunteers on Patrol (VOP) identified an illegal fire on Point Dume and recognized their efforts.

In response to Councilmember Riggins, Sergeant Soderlund stated that they received numerous illegal fireworks calls and identification of involved parties was difficult due to other calls they attended. He reported that they were exploring the formation of a fireworks suppression unit to target illegal fireworks next year.

Mayor Pro Tem Uhring commended the Sheriff Department for their efforts.

In response to Mayor Silverstein, City Manager McClary stated that the party at Nobu was unauthorized and unpermitted and enforcement action was pending.

Councilmember Stewart stated that a party with 700 attendees could not have been allowed even with a temporary use permit, considering parking requirements.

Mayor Pro Tem Uhring stated that unpermitted activities had occurred at Nobu for many years and solutions proposed were never implemented. He suggested measures to restrict unpermitted activity be discussed by the Public Safety Commission due to traffic safety concerns.

Councilmember Riggins indicated agreement with Mayor Pro Tem Uhring and added that the fine schedule should be examined and be made more punitive to deter the continuation of repeat offenses. She stated that there were complexities that might need to involve the Administration and Finance Subcommittee or Planning Commission, and that she looked to the City Manager for a suggested course of action.

In response to Mayor Silverstein, Sergeant Soderlund stated that the majority of the 700 attendees used private transportation, but there were party buses, limousines, and private coaches parked in the center median of the highway. He stated that the response of one deputy was limited in such a situation.

In response to Mayor Pro Tem Uhring, Interim City Attorney Rusin stated that a Code Enforcement action or a specific project could not be addressed by the Public Safety Commission but issues that pertained to the public road could. He stated that it was a major violation of Nobu’s CUP and that it could be examined.

ITEM 2.C. SUBCOMMITTEE REPORTS / COUNCIL COMMENTS
Councilmember Grisanti stated he spent the 4th of July weekend on Arson Watch patrol. He stated that everything was quiet until approximately 9:00 p.m. on July 4th when Broad Beach and Zuma Beach erupted in fireworks and that the response 6 Malibu City Council
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time was long. He stated that they were fortunate that the weather was damp enough that nothing caught fire.

Councilmember Riggins stated she watched the Point Dume 4th of July parade and thanked Pamela Conley Ulich and Paul Major for organizing the parade and thanked the VOPs, Sheriff Department, Fire Department, City staff, and all who participated. She thanked VOPs, Arson Watch, CERT, and community volunteers for their service. She welcomed newly appointed Deputy City Manager Brown.

In response to Councilmember Riggins, Planning Director Mollica stated as required by the coastal development permit (CDP) for the SMC campus, the County applied with the City for required conditional use permit (CUP) for the antennae tower. He stated that the application addressed the color and the lighting issues, but not the City’s height concerns, so a follow up meeting would be scheduled. He stated that the applicant for the County informed the City that it was the County counsel’s opinion that they had approval for that height, because that height was shown on the project plans that went before the Planning Commission. He confirmed that the CUP application would be brought before the Planning Commission at a public hearing.

Councilmember Stewart discussed the importance of the Point Dume 4th of July parade and thanked parade participants and volunteers. He stated that Arson Watch, VOPs, CERT, other volunteers, and the Sheriff Department were on duty during the holiday weekend and thanked them.

Mayor Pro Tem Uhring stated he did not hear many fireworks near him, but he had heard there were unpermitted fireworks on Point Dume into the night and questioned why the Fire Department did not respond. He discussed a neighborhood in the valley where the Sheriff’s Department issued individual warnings for fireworks in advance of the holiday. He thanked the VOPs for their service and discussed their response to recent incidents. He stated that he missed the California Strategies meeting that morning and that there was much interest in the community about California Senate Bill (SB) 423.

Mayor Silverstein stated that he attended virtual meetings about public school fundraising efforts. He stated that he attended an informational session with Los Angeles County Supervisor Lindsay Horvath’s staff. He stated that he attended the California Strategies meeting that morning and discussed SB 423. He stated that the bill did not have a coastal city exemption and the California Coastal Commission was opposed to the bill. He stated that the Council could not act on the matter formally, as it was not on the agenda, but they were working with their lobbyists to help with the CCC’s objections. He discussed drone shows, which were an environmentally safe alternative to fireworks displays.

ITEM 3 CONSENT CALENDAR
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Item Nos. 3.A.1., 3.B.8., and 3.B.12. were pulled by the public. Item No. 3.B.13. were pulled by the Council.

MOTION Councilmember Riggins moved, and Councilmember Stewart seconded a motion to approve the Consent Calendar, pulling Item Nos. 3.A.1., 3.B.8. 3.B.12., and

3.B.13. The question was called, and the motion carried unanimously, Councilmembers Riggins and Stewart abstaining from Item No. 3.B.3.

The Consent Calendar consisted of the following items:

B. New Items

2. Approve Warrants
Recommended Action: Allow and approve warrant demand numbers 69552-69691 on the register from the General Fund and direct the City Manager to pay out the funds to each of the claimants listed in Warrant Register No. 728 in the amount of the warrant appearing opposite their names, for the purposes stated on the respective demands in a total amount of $2,111,024.20. City of Malibu payroll check number 5353-5355 and ACH deposits were issued in the amount of $280,123.88.

3. Approval of Minutes
Recommended Action: Approve the minutes for the May 9, 2022 Malibu City Council Regular meeting, May 23, 2022 Malibu City Council Regular meeting, and May 27, 2022 Malibu City Council Special meeting.

4. Findings to Hold Virtual City Council, Commission, Committee, Board and Other City Bodies, Meetings Under AB 361
Recommended Action: Consider a motion to reaffirm Resolution No. 23- 14, re-authorizing remote teleconferencing/virtual meetings pursuant to AB 361.

5. Grant Writing Services Agreement with Townsend Public Affairs Inc.

Recommended Action: Authorize the Mayor to execute a Professional Services Agreement with Townsend Public Affairs Inc. for grant writing services.

6. Los Angeles County Measure R Transportation Funding Agreement Amendment
Recommended Action: Authorize the Mayor to execute the Los Angeles County Measure R Funding Agreement Amendment for the Pacific Coast Highway Median Improvements Project.

7. Amendment to Professional Services Agreement for On-Call Land Surveying Services
Recommended Action: Authorize the Mayor to execute Amendment No. 1 to Professional Services Agreement with MNS Engineers, Inc. for On-Call Land Surveying Services to extend the term of the existing agreement for one year and update the rates.
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9. Amendment to Professional Services Agreements for On-Call Civil Engineering Services
Recommended Action: Authorize the Mayor to execute Amendment No. 1 to Professional Services Agreement with Kimley Horn & Associates, Inc. and Amendment No. 1 to Professional Services Agreement with Kasraie Consulting for On-Call Civil Engineering Services to extend the term of the existing agreements for one-year and update the rates.

10. Amendment to Professional Services Agreement with Woodard and Curran Recommended Action: Authorize the Mayor to execute Amendment No. 4 to the Professional Services Agreement with Woodard and Curran to allow for a two-year extension of the existing agreement through August 12, 2025, for engineering design services of the Civic Center Water Treatment Facility Phase Two.

11. Professional Services Agreements for On-Call Publishing, Printing, and Mailing Services
Recommended Action: 1) Authorize the Mayor to execute an agreement with CR Print, Inc. for publishing, printing and mailing services; and 2) Authorize the Mayor to execute an agreement with Totalgraphics for oncall sign and banner printing services.

14. Annual Progress Report Regarding the Implementation of the City’s Housing Element
Recommended Action: Approve the 2022 Annual Housing Element Progress Report.

The following items were pulled from the consent calendar for individual consideration:

A. Previously Discussed Items

1. Second Reading and Adoption of Ordinance No. 508
Recommended Action: Conduct second reading, unless waived, and adopt Ordinance No. 508, an ordinance of the City of Malibu amending Local Coastal Program Amendment (LCPA) No. 16-006 as adopted by Ordinance No. 491 pursuant to the conditional certification action taken by the California Coastal Commission on February 8, 2023 in order to obtain final certification of the submitted LCPA application to amend the Local Coastal Program Land Use Map to revise the zoning designation from Commercial General to Commercial Visitor Serving-2, amend the Local Implementation Plan and to create a new Sea View Hotel Overlay District with associated development standards, including the proposed floor area ratio of 0.52 for the public benefits provided by the project for 22741 and 22729 Pacific Coast Highway, and finding the action to require no further environmental review and/or to be exempt from such review under the California environmental quality act
Mayor Silverstein opened the floor to public comment.

Speaker: Jo Drummond
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As there were no other speakers present, Mayor Silverstein returned the matter to the table for discussion.

The Council discussed the item and directed questions to Fred Gaines, and Norm Haynie.

MOTION Councilmember Grisanti moved, and Mayor Pro Tem Uhring seconded a motion to adopt Ordinance No. 508, an ordinance of the City of Malibu amending Local Coastal Program Amendment (LCPA) No. 16-006 as adopted by Ordinance No. 491 pursuant to the conditional certification action taken by the California Coastal Commission on February 8, 2023 in order to obtain final certification of the submitted LCPA application to amend the Local Coastal Program Land Use Map to revise the zoning designation from Commercial General to Commercial Visitor Serving-2, amend the Local Implementation Plan and to create a new Sea View Hotel Overlay District with associated development standards, including the proposed floor area ratio of 0.52 for the public benefits provided by the project for 22741 and 22729 Pacific Coast Highway, and finding the action to require no further environmental review and/or to be exempt from such review under the California environmental quality act. The question was called, and the motion carried 4-1, Mayor Silverstein opposed.

B. New Items

8. Amendment to Professional Services Agreement for On-Call Traffic Engineering Services
Recommended Action: Authorize the Mayor to execute Amendment No. 1 to Professional Services Agreement with Kimley Horn & Associates, Inc. for On-Call Traffic Engineering Services to extend the term of the existing agreement for one-year and update the rates.

Mayor Silverstein opened the floor to public comment.

Speaker: Ryan Embree
As there were no other speakers present, Mayor Silverstein returned the matter to the table for discussion.

MOTION Councilmember Grisanti moved, and Councilmember Riggins seconded a motion to authorize the Mayor to execute Amendment No. 1 to Professional Services Agreement with Kimley Horn & Associates, Inc. for On-Call Traffic Engineering Services to extend the term of the existing agreement for one-year and update the rates.

The Council discussed the motion and directed questions to staff. 10 Malibu City Council
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The question was called, and the motion carried unanimously.

12. Professional Services Agreement with American Global Security, Inc.

Recommended Action: Authorize the Mayor to execute a Professional Services Agreement with American Global Security, Inc. for professional park security services at City parks, special events, and facility rentals.

Mayor Silverstein opened the floor to public comment.

Speaker: Ryan Embree
As there were no other speakers present, Mayor Silverstein returned the matter to the table for discussion.

MOTION Mayor Silverstein moved, and Councilmember Riggins seconded, a motion to authorize the Mayor to execute a Professional Services Agreement with American Global Security, Inc. for professional park security services at City parks, special events, and facility rentals.

The Council discussed the item and directed questions to staff.

The question was called, and the motion carried unanimously.

13. Resolution Extending the Declaration of the COVID-19 Local Emergency Recommended Action: Adopt Resolution No. 23-36 extending the declaration of the existence of a local emergency.

Mayor Silverstein opened the floor to public comment. As there were no speakers present, Mayor Silverstein returned the matter to the table for discussion.

The Council discussed the item and directed questions to staff.

MOTION Councilmember Riggins moved, and Councilmember Grisanti seconded a motion to adopt Resolution No. 23-36 extending the declaration of the existence of a local emergency.

The Council discussed the motion and directed questions to staff.

The question was called, and the motion carried 4-1, Mayor Silverstein opposed.

ITEM 4 ORDINANCES AND PUBLIC HEARINGS
None.

ITEM 5 OLD BUSINESS
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A. Consider Adoption of a Policy Interpreting the Use of Pesticides as Development Recommended Action: Consider the adoption of the attached draft Council Interpretation regarding the Council’s interpretation of the use of pesticides pursuant to Local Coastal Program (LCP) Land Use Policy Policy 3.18 as “development” in the LCP Local Implementation Plan.

Planning Director Mollica presented the staff report.

The Council directed questions to staff.

Mayor Silverstein opened the floor to public comment.

Speakers: Kian Schulman, Joel Schulman, Patt Healy, Doug Carstens, Jo Drummond, and Ryan Embree
As there were no other speakers present, Mayor Silverstein returned the matter to the table for discussion.

The Council discussed the item and directed questions to staff and Ms. Schulman.

MOTION Mayor Silverstein moved, and Mayor Pro Tem Uhring seconded a motion to adopt a Local Coastal Program Interpretation regarding the Council’s interpretation of the use of pesticides pursuant to Local Coastal Program (LCP) Land Use Policy Policy

3.18 as “development” in the LCP Local Implementation Plan.

The Council discussed the motion and directed questions to staff.

FRIENDLY AMENDMENT
Mayor Silverstein moved to: 1) delete the Issue section; and 2) amend the Interpretation section to read: “The outdoor use of pesticides, including insecticides, herbicides, rodenticides or any other similar toxic chemical substance is “development” as used in LIP Section 13.3 where the application of such substances would have the potential to significantly degrade Environmentally Sensitive Habitat Areas (ESHA) or coastal water quality or harm wildlife. Such development is also not considered to be “maintenance” under LIP Section 13.4.2 and therefore, a Coastal Development Permit is required prior to such use.” The amendment was accepted by the seconder of the motion.

The Council discussed the amended motion and directed questions to staff.

FRIENDLY AMENDMENT
Mayor Silverstein moved to add a note that the interpretation was adopted by the City Council on July 10, 2023.

The amendment was accepted by the seconder of the motion. 12 Malibu City Council
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The Council discussed the amended motion and directed questions to staff.

The question was called, and the amended motion carried unanimously.

RECESS At 8:55 p.m., Mayor Silverstein recessed the meeting. The meeting resumed at 9:07 p.m. with all Councilmembers present.

ITEM 6 NEW BUSINESS
A. Update Regarding Local Coastal Program Amendment No. 21-002 (Malibu Middle and High School Campus Specific Plan)
Recommended Action: 1) Receive an update on the Malibu Middle and High School (MMHS) Campus Specific Plan; 2) Review the California Coastal Commission’s (CCC’s) staff request for a one-year time extension to act on the MMHS Campus Specific Plan Local Coastal Program Amendment (LCPA) (LCPA No. LCP-4-MAL-22-043-1); and 3) Direct City staff to submit a letter to the CCC opposing the one-year extension and for the CCC to direct its staff to prioritize the MMHS Campus Specific Plan for consideration during the September 2023 CCC hearing.

Planning Director Mollica presented the staff report.

Mayor Silverstein opened the floor to public comment. As there were no speakers present, Mayor Silverstein returned the matter to the table for discussion.

MOTION Mayor Silverstein moved, and Councilmember Stewart seconded a motion to authorize the Mayor to submit a letter to the California Coastal Commission (CCC) opposing the one-year extension and for the CCC to direct its staff to prioritize the MMHS Campus Specific Plan for consideration during the September 2023 CCC hearing.

The Council discussed the motion and directed questions to staff.

The question was called, and the motion carried unanimously.

B. Amendment No. 1 to the Employment Agreement for City Manager Services between the City of Malibu and Steven L. McClary
Recommended Action: Approve the Amendment to the June 13, 2022, City Manager Employment Agreement.

Interim City Attorney Rusin presented the staff report.

Mayor Silverstein opened the floor to public comment.

Speaker: Ryan Embree
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As there were no other speakers present, Mayor Silverstein returned the matter to the table for discussion.

MOTION Councilmember Riggins moved, and Councilmember Grisanti seconded a motion to approve the Amendment to the June 13, 2022, City Manager Employment Agreement.

The Council discussed the item.

The question was called, and the motion carried unanimously.

ITEM 7 COUNCIL ITEMS
None.

ADJOURNMENT
Mayor Silverstein adjourned the meeting at 9:19 p.m.

Approved and adopted by the City Council of the
City of Malibu on __________.
_________________________________
STEVE UHRING, Mayor
ATTEST:
_________________________________
KELSEY PETTIJOHN, City Clerk
(seal)
14 MINUTES

MALIBU CITY COUNCIL

SPECIAL MEETING
AUGUST 7, 2023

COUNCIL CHAMBERS
2:30 P.M.

The following meeting was held pursuant to AB 361 and teleconferenced from various locations during the coronavirus disease (COVID-19) pandemic.

MEETING CALL TO ORDER
Mayor Silverstein called the meeting to order at 2:30 p.m.

ROLL CALL
The following persons were recorded in attendance by the Recording Secretary:

PLEDGE OF ALLEGIANCE
Norm Haynie led the Pledge of Allegiance.

REPORT ON POSTING OF AGENDA
City Clerk Pettijohn reported that the agenda for the meeting was properly posted on August 4, 2023.

APPROVAL OF AGENDA
MOTION Mayor Pro Tem Uhring moved, and Councilmember Grisanti seconded a motion to approve the agenda. The question was called, and the motion carried unanimously.

ITEM 1 NEW BUSINESS
A. Findings to Hold Virtual City Council, Commission, Committee, Board and Other City Bodies, Meetings Under AB 361
Recommended Action: Consider a motion to reaffirm Resolution No. 23-14, reauthorizing remote teleconferencing/virtual meetings pursuant to AB 361.

City Clerk Pettijohn presented the staff report.

Mayor Silverstein opened the floor to public comment. As there were no speakers present, Mayor Silverstein returned the matter to the table for discussion. 15 Malibu City Council
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MOTION Mayor Silverstein moved, and Mayor Pro Tem Uhring seconded a motion to reaffirm Resolution No. 23-14, re-authorizing remote teleconferencing/virtual meetings pursuant to AB 361. The question was called, and the motion carried unanimously.

PUBLIC COMMENT ON CLOSED SESSION
Mayor Silverstein opened the floor to public comment.

Speakers: None.

RECESS TO CLOSED SESSION
At 2:37 p.m., the Council recessed to Closed Session to discuss the following items listed on the Closed Session agenda:

Conference with Legal Counsel – Anticipated Litigation

2. Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Government Code section 54956.9
Number of potential cases: (1)
Conference with Real Property Negotiators

1. Properties: APN 4453-005-013
APN 4453-005-018
APN 4453-005-111
APN 4453-005-114
APN 4453-005-117
APN 4453-005-118
APN 4459-004-001
APN 4459-004-004
APN 4459-005-003
APN 4459-005-013
APN 4459-005-001
Agency Negotiator: Councilmembers Marianne Riggins and Doug Stewart Negotiating Parties: EQ Property Holdings LLLP
Under Negotiation: Price and terms of payment
At 3:49 p.m. Mayor Silverstein reconvened the meeting with all Councilmembers present. 16 Malibu City Council
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CLOSED SESSION REPORT
Interim City Attorney Rusin reported that the meeting convened at 2:30 p.m., after which time the City Council recessed to a Closed Session pursuant to Government Code Sections 54956.9 and 54956.9(d)(2), with all Councilmembers present. He stated the Council took no reportable action on the Conference with Real Property Negotiators item or Conference with Legal Counsel – Anticipated Litigation Item 2. He stated that there was no reportable action on Conference with Legal Counsel – Anticipated Litigation, Item 1, but the Council directed staff to report to the public that an item would be added to the August 14, 2023 City Council Regular meeting agenda for potential dispute resolution between the City and the La Paz property developer. He stated that under the governing development agreement, provisions called for tolling in certain circumstances, and the developer claimed their development agreement should be extended due to approximately seven years of delay. He stated that the City disputed that amount, and worked with the developer on a potential resolution that would provide significant benefits to the City and some relief to the developer. He stated that the agreement details would be made public, and an item be posted as soon as possible for public review and the Council’s consideration.

ADJOURNMENT
Mayor Silverstein adjourned the meeting at 3:52 p.m.

MALIBU CITY COUNCIL

REGULAR MEETING
AUGUST 14, 2023

COUNCIL CHAMBERS
6:30 P.M.

The following meeting was held pursuant to AB 361 and teleconferenced from various locations during the coronavirus disease (COVID-19) pandemic.

MEETING CALL TO ORDER
Mayor Silverstein called the meeting to order at 5:45 p.m.

ROLL CALL
The following persons were recorded in attendance by the Recording Secretary:

PRESENT: Mayor Bruce Silverstein; Mayor Pro Tem Steve Uhring; and Councilmembers Paul Grisanti, Marianne Riggins, and Doug Stewart

PUBLIC COMMENT ON CLOSED SESSION
Mayor Silverstein opened the floor to public comment.

Speakers: None.

RECESS TO CLOSED SESSION
At 5:46 p.m., the Council recessed to Closed Session to discuss the following items listed on the Closed Session agenda:

Conference with Legal Counsel – Anticipated litigation

1. Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Section 54956.9
Number of cases: (1)

REGULAR SESSION CALL TO ORDER
Mayor Silverstein called the meeting to order at 6:30 p.m.

ROLL CALL
The following persons were recorded in attendance by the Recording Secretary:

PRESENT: Mayor Bruce Silverstein; Mayor Pro Tem Steve Uhring; and Councilmembers Paul Grisanti, Marianne Riggins, and Doug Stewart
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ALSO PRESENT: Trevor Rusin, Interim City Attorney; Steve McClary, City Manager; Joseph Toney, Assistant City Manager; Alexis Brown, Deputy City Manager; Kelsey Pettijohn, City Clerk; Kristin Riesgo, Community Services Director; Yolanda Bundy, Environmental Sustainability Director; Richard Mollica, Planning Director; Rob DuBoux, Public Works Director; and Christina Muñoz, Deputy City Clerk

PLEDGE OF ALLEGIANCE
John Mazza led the Pledge of Allegiance.

CLOSED SESSION REPORT
Interim City Attorney Rusin reported that the meeting convened at 5:45 p.m., after which time the City Council recessed to a Closed Session pursuant to Government Code Section 54956.9(d)(4), with all Councilmembers present. He stated the Council discussed the items on the Closed Session agenda and took no reportable action.

REPORT ON POSTING OF AGENDA
City Clerk Pettijohn reported that the agenda for the meeting was properly posted on August 3, 2023, with the amended agenda posted on August 11, 2023.

APPROVAL OF AGENDA
MOTION Mayor Pro Tem Uhring moved to approve the agenda.

FRIENDLY AMENDMENT
Councilmember Grisanti seconded the motion and moved to adjourn the meeting in memory of long-time Malibu resident Annette O’Malley.

FRIENDLY AMENDMENT
Councilmember Riggins moved to also adjourn the meeting in support of the residents of Maui and the islands of Hawaii.

FRIENDLY AMENDMENT
Mayor Silverstein moved to remove Item No. 4.A. and to reorder the agenda to hear Item Nos. 7.A. and 7.B. after Item No. 6.C.

The amendments were accepted by the maker and the seconder of the motion.

The question was called, and the amended motion carried unanimously.

ITEM 1 CEREMONIAL/PRESENTATIONS
A. Presentation of 2023 Jake Kuredjian Citizenship Award Parks and Recreation Commission Chair Dane Skophammer presented the 2023 19 Malibu City Council
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Jake Kuredjian Citizenship Award to Larry Wan on behalf of Sara Wan.

Mr. Wan thanked the Council for recognizing Ms. Wan for her contributions.

B. Presentation on Coyote Response Plans
Rebecca Dmytryk, Humane Wildlife Control, provided a presentation on Coyote Response Plans.

ITEM 2.A. PUBLIC COMMENTS
Ted Nordblum introduced himself and discussed his campaign for State Assembly in District 42 and requested the community’s support.

Mario Sandoval, Mountains Recreation and Conservation Authority (MRCA), presented Malibu Barbie camping playsets to the Councilmembers on behalf of Joe Edminston. He discussed the lack of public campgrounds in Malibu.

Hans Laetz discussed the wildfires on Maui and emergency alerts that were not heard due to power outages. He stated KBUU was looking into the software system Alert FM that would transmit emergency alerts originating from the City using KBUU’s FM radio frequency to emergency radio devices during an emergency which also worked with California’s earthquake alert system. He stated that the system was dependent on KBUU having a strong radio signal and discussed the need for a radio booster in eastern Malibu for emergency communications.

Norm Haynie discussed the special event permit for a wedding at 31100 Broad Beach Road. He stated that the set up and teardown for the event was now expected to be completed during the eight-hour event timeframe, whereas previously, it was planned to be completed in the days before and after the event. He stated that event arrangements were made with the previous policy in mind which conflicted with the new interpretation and would be highly impactful to the event hosts and guests.

Dane Skophammer thanked staff and the Council for their work on the temporary snack shack at Bluff’s Park and requested continued support for the permanent snack shack project.

Kraig Hill discussed emergency preparedness and awareness in advance of fire season. He stated that firefighting helicopters were available in southern California year-round, with pilots standing by around the clock. He discussed the fire on Maui and the importance of backup generators for water pumps located where they were effective and not shifted around. He requested an update on underground placement of power lines, covered conductors, and insulated power lines.

Terry Davis discussed correspondence related to fire preparedness. She stated that radio reception was not available in Big Rock even with additional enhanced antennas, and additional measures were needed including an evacuation plan. She 20 Malibu City Council
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discussed improved fire prevention regulations and better enforcement of codes.

She stated that she observed an unpermitted party on July 4, 2023 in Big Rock while on arson watch and another party was held on the property the past weekend.

Tim Pera, MRCA, presented the ranger report for the past two months and stated that ten citations were issued at La Chuza Beach for dogs on the beach and possession of alcohol, and 12 citations at Escondido Canyon for illegal off-trail use.

He stated they patrolled for illegal parking and cited as needed, and that no homeless encampments were observed. He stated that one service call was generated which involved signage concerns.

Stuart Halperin discussed overgrown brush between Bluffs Park and Malibu Road which blocked a hiking path. He stated that he contacted the City, who referred him to the MRCA, who indicated they would try to help, but after many months, it was not addressed.

ITEM 2.B. COMMISSION / COMMITTEE / CITY MANAGER UPDATES City Manager McClary stated staff that was working with the grant writing firm Townsend Public Affairs. He provided an update on underpass access to Zuma Beach and stated that it was still closed due to flooding and signage was placed that alerted visitors to use the left turn lane. He provided an update on the Malibu High School project and stated that the City was working with the Santa Monica-Malibu Unified School District and the California Coastal Commission (CCC). He reported that Bluffs Park playground was closed that week for maintenance. He announced the summer movie series would conclude on August 19, 2023 at Bluffs Park with a screening of The Karate Kid. He announced the Shifting Tides art exhibit would conclude on August 25, 2023. He announced that the Baker Tilly development services review would be presented at the August 28, 2023 City Council meeting.

He stated that the School Safety Report was complete and being reviewed by school district officials and a summary would be presented at the September 11, 2023 Council meeting. He thanked the public speakers for their comments on the fires on Maui and stated that thoughts and prayers were with those impacted. He commented on emergency preparedness in advance of the National Preparedness Month of September. He encouraged community preparation for wildfire season and stated that information was available on the City’s website. He announced a free structure availability assessment training would be held on August 30 and 31, 2023. He stated that home wildfire hardening assessments were available through the City’s Public Safety Department. He announced a Firewise workshop would be held on August 17, 2023 in Camarillo. He stated that there were new evacuation zone maps for Malibu, and that informational cards would be mailed to all households. He encouraged residents to take the disaster preparedness survey available on the City’s website through August 31, 2023. He announced weekly tests of the Everbridge disaster notification system during the month of September.

He welcomed Deputy City Manager Alexis Brown to the City.

Deputy City Manager Brown stated that she was excited to work for the City and 21 Malibu City Council
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looked forward to working with the Council and staff to move initiatives forward.

City Manager McClary discussed the incident that occurred outside of Nobu restaurant on July 4, 2023. He reported that Code Enforcement staff met with the owners and managers, it was determined that a violation occurred, a citation was issued, and staff made it clear to them that further incidents would not be tolerated and apprised them of event permitting requirements.

Captain Jennifer Seetoo, Los Angeles County Sheriff’s Department, discussed the unpermitted event at Nobu on July 4, 2023 and follow-up actions taken by the Sheriff Department, which included Nobu entering into a contract with the Sheriff’s Department for traffic and parking enforcement. She discussed the screening of a documentary on the 2018 fire that destroyed the town of Paradise, California. She discussed the importance of evacuation and communication, and the need for utilizing everything they could for preparation. She discussed new fire preparedness supplies for Sheriff’s Deputies. She discussed preparations for red flag days which might include closures of parks and trails and local resident only access to certain areas. She discussed the Malibu substation which was awaiting a use permit and stated that she was working with the City Manager on innovative solutions to staffing issues.

In response to Mayor Pro Tem Uhring, Captain Seetoo stated that once the contract was signed, patrols at Nobu would begin with eight-hour shifts on Fridays and Saturdays for two weeks and then be reassessed. She stated that Nobu would contact her when they planned events to help determine if a permit was required.

In response to Mayor Pro Tem Stewart, she stated that she would research if the City’s handheld units or Sheriff’s Department tablets would be used for citations.

Mayor Pro Tem Stewart stated that using the City’s handheld units would allow for performance review and providing a record of multiple offenders.

In response to Mayor Silverstein, Captain Seetoo stated that the Sheriff’s Department was not involved in the conversation about the communications tower and that the City Manager’s office was scheduled to meet on Thursday with the Los Angeles County Board of Supervisors and did not know if the station was precluded from opening until the matter was resolved. She stated that she did not have additional information on the body that was found in the lagoon.

Councilmember Riggins thanked her and expressed her appreciation for her professionalism and leadership.

Sergeant Chris Soderlund, Los Angeles County Sheriff Department, provided the July 2023 part one crime statistics, which were 266 year-to-date, as compared to 292 at the same time the year prior. He related notable incidents with the common theme that suspects were not Malibu residents. He reported an arrest for robbery, aggravated assault, and theft of a catalytic converter on PCH, with one suspect still at large. He reported an arrest of a suspect for assault of a juvenile relative. He 22 Malibu City Council
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reported an arrest for theft, trespassing, and possession of drug paraphernalia on Broad Beach Road. He reported that there were five incidents of petty theft at a Malibu Road business, which included shoplifting of beauty products, a hat, and food items, and no arrests were made. He reported an incident that occurred on Fernhill Drive on July 24, 2023, where a suspect broke into a rental home was taken into custody after multiple deputies, a K-9 unit, and a Sheriff Department helicopter were deployed. He reported that the beach team would work seven days a week through the Labor Day weekend and would work the Chili Cookoff event along with their special enforcement deputies. In response to Mayor Pro Tem Uhring, he stated that there was an active investigation into the burglary on Portshead Road.

In response to Mayor Silverstein, he stated that there were two incidents that involved helicopters. He stated that an incapacitated person was rescued from the ocean off Point Dume with the assistance of a Fire Department helicopter, and the Fernhill Drive incident that occurred on July 24, 2023 involved a Sheriff Department helicopter.

ITEM 2.C. SUBCOMMITTEE REPORTS / COUNCIL COMMENTS
Councilmember Riggins stated that she attended an installation dinner for the Los Angeles County representative for the League of California Cities. She reported that she attended a school district separation mediation. She inquired if the City should look into providing fire preparedness supplies to Volunteers on Patrol (VOP) and Sheriff Department deputies who patrolled Malibu, similar to what the City of Calabasas did as reported by Captain Seetoo. She inquired if the City had the ability to push text and email alerts to residents and visitors with evacuation information. She stated that she supported camping and discussed campgrounds that surrounded the City.

Councilmember Grisanti stated he attended the League of California Cities with Councilmember Riggins, and more information would be included in the upcoming ad hoc committee report. He stated that he attended a school separation mediation.

He stated he spoke to residents concerned about summer traffic. He stated that he attended meetings featuring David Revell on lagoon remediation and the Topanga Ranch project.

In response to Mayor Silverstein, Interim City Attorney Rusin confirmed that a brief update that an ad hoc meeting was held could be provided during Council Comments.

Councilmember Stewart discussed the City’s valet ordinance, which required safety vests and requested additional enforcement. He discussed incidents at Nobu and Big Rock and requested capacity limits be enforced. He stated Malibu was open to visitors and had 1.7 million visitors to the beaches in July. He commended the City on the temporary snack shack project. He discussed the importance of reflective blue fire hydrant markers and acknowledged the City for installation and encouraged residents of private streets to have them installed. He discussed the importance of backup generators for water pumps and traffic signals. He 23 Malibu City Council
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commented on Alert FM and stated that emergency alerts needed to be followed up with information on what action the public should take during the emergency, and suggested the City apply for a grant. He commented on the tragedy of the fires on Maui and stated that the City should do what it could to help.

Mayor Pro Tem Uhring discussed the fires on Maui and how easy it was to be unprepared for emergencies. He stated that the City had a full schedule of community preparedness events during September for National Preparedness Month and information was available on the website. He commented on the importance of emergency notifications. He commented on unpermitted events at Nobu and Big Rock and stated that violation fines were too low and were not an effective deterrent. He discussed the farmers’ market which currently operated at Legacy Park and stated residents wanted it continued there. He stated useful information on development services would be provided by the Baker Tilly report.

He congratulated Poison Free Malibu on their non-native plant removal event at the headlands and commented on restrictions placed upon the volunteers by State Parks and requested with them for a discussion on options.

Mayor Silverstein discussed the unpermitted event held at Nobu. He read an email about code violation penalties that he sent to the City Manager shortly after the Nobu event and the party at Big Rock occurred. He proposed the formation of an ad hoc committee for fine and violation penalty review.

CONSENSUS
By consensus, the Council directed staff to bring back an item to consider forming an Ad Hoc Committee to review Code Enforcement fines and penalties.

Mayor Silverstein discussed the Item No. 4.A. appeal item that was withdrawn and how it was the second time an appeal of the project was withdrawn after considerable preparations were made by the Council to hear the item. He stated that he participated in meetings with California Strategies. He stated that he met with residents who believed their construction issues with neighbors were not adequately addressed by the City, but after speaking with staff he learned the issues were being addressed, but information was not conveyed to the parties involved and encouraged better communication. He stated that he received a call from Supervisor Lindsey Horvath’s office about a grant opportunity which resulted in Item No. 7.B. being on the evening’s meeting agenda.

In response to Mayor Silverstein, Interim City Attorney Rusin stated that people were not prevented from making a pitch for public office during public comment if they were within the City’s jurisdiction.

Mayor Silverstein thanked Mr. Sandoval for the offer of the Malibu Barbie playset, but requested that it be donated to charity, as he did not accept gifts. He stated that there was abundant camping in the Malibu area. He stated that the Alert FM system sounded like it would be valuable in an emergency and he hoped the City would get moving on it.
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In response to Mayor Silverstein, City Manager McClary stated that would research the wedding permitting matter and follow up with public speaker Mr. Haynie.

Mayor Silverstein stated he was interested if there was a recent policy change in permitting events.

Mayor Pro Tem Uhring stated that individuals who had not completed their brush clearance could be anonymously reported to the Fire Safety Liaisons.

ITEM 3 CONSENT CALENDAR
Item No. 3.B.5. was pulled by the Council.

MOTION Mayor Silverstein moved, and Mayor Pro Tem Uhring seconded a motion to approve the Consent Calendar, pulling Item No. 3.B.5. The question was called, and the motion carried unanimously, Councilmembers Riggins and Stewart abstaining from Item No. 3.B.3.

The Consent Calendar consisted of the following items:

B. New Items

2. Approve Warrants
Recommended Action: Allow and approve warrant demand numbers 69692-69934 on the register from the General Fund and direct the City Manager to pay out the funds to each of the claimants listed in Warrant Register No. 729 in the amount of the warrant appearing opposite their names, for the purposes stated on the respective demands in a total amount of $ 2,544,705.63. City of Malibu payroll check number 5356-5365and ACH deposits were issued in the amount of $ 1,711,453.47.

3. Approval of Minutes
Recommended Action: Approve the minutes for the June 13, 2022 Malibu City Council Regular meeting, June 27, 2022 Malibu City Council Regular meeting, July 11, 2022 Malibu City Council Regular meeting, and July 28, 2022 Malibu City Council Special meeting.

6. Amendment to Art Loan Agreement with Artist Anna Kelly Recommended Action: Approve the recommendation from the Malibu Arts Commission to accept Amendment No. 1 to the Art Loan Agreement with 25 Malibu City Council
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Artist Anna Kelly to display her artwork Saving Malibu through August 25, 2023.

7. Amendment to Professional Services Agreement with Civic Solutions Recommended Action: Authorize the City Manager to execute Amendment No. 1 to the Professional Services Agreement with Civic Solutions, Inc. for contract planning services.

The following item was pulled from the consent calendar for individual consideration:

5. Investment Report for the Month Ending June 30, 2023 Recommended Action: Receive the Investment Report for the month ending June 30, 2023.

Assistant City Manager Toney presented the staff report.

The Council discussed the item.

The Council received the Investment Report for the month ending June 30, 2023.

ITEM 4 ORDINANCES AND PUBLIC HEARINGS
A. Appeal No. 23-001 - Appeal of Planning Commission Resolution No. 23-02 (3620 Noranda Lane; Owner: 3620 Noranda Lane, LLC)
Recommended Action: Adopt Resolution No. 23-37, determining the project is categorically exempt from the California Environmental Quality Act (CEQA), denying Appeal No. 23-001 and approving Coastal Development Permit (CDP) No. 17-104 for the construction of a new single-family residence, a basement including a subterranean garage, a new onsite wastewater treatment system (OWTS), exterior site improvements including a new swimming pool, spa, deck, landscape, hardscape, and grading; including Variance (VAR) No. 19-035 to allow for development within the required Environmentally Sensitive Habitat Area (ESHA) buffer, Site Plan Review (SPR) No. 23-003 for development on slopes steeper than 3 to 1, but flatter than 2.5 to 1, Minor Modification (MM) No. 20-012 for the reduction of the required front yard setback by up to 50 percent, and Offer-toDedicate (OTD) No. 23-001 for a trail easement, for the property located in the Rural Residential-Five Acre (RR-5) zoning district at 3620 Noranda Lane (3620 Noranda Lane, LLC).

This item was removed from the agenda upon approval of the agenda.

ITEM 5 OLD BUSINESS
None.
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ITEM 6 NEW BUSINESS
A. Woolsey Fire Fee Waiver Program Update
Recommended Action: Receive and file an update on the Woolsey Fire Fee Waiver Program.

Environmental Sustainability Director Bundy presented the staff report.

The Council directed questions to staff.

Mayor Silverstein opened the floor to public comment.

Speaker: Ryan Embree
As there were no other speakers present, Mayor Silverstein returned the matter to the table for discussion.

The Council discussed the item and directed questions to staff.

MOTION Councilmember Riggins moved, and Councilmember Stewart seconded a motion to bring back an item to consider extending the Woolsey Fire Fee Waiver Program.

The motion was withdrawn.

CONSENSUS
By consensus, the Council: 1) received and filed an update on the Woolsey Fire Fee Waiver Program, and 2) directed staff to bring back an item to consider extending the Woolsey Fire Fee Waiver Program.

B. Boys & Girls Club of Malibu Event Fee Waiver
Recommended Action: Consider whether to approve the request from the Malibu Foundation for Youth and Families, DBA Boys & Girls Club of Malibu to waive facility use fees and staffing costs for the Chili Cook-Off event at the Ioki Property.

Community Services Director Riesgo presented the staff report.

Mayor Silverstein opened the floor to public comment.

Speakers: Kasey Earnest and Ryan Embree
As there were no other speakers present, Mayor Silverstein returned the matter to the table for discussion.

MOTION Mayor Silverstein moved, and Councilmember Riggins seconded a motion to approve the request from the Malibu Foundation for Youth and Families, DBA Boys & Girls Club of Malibu to waive facility use fees and staffing costs for the Chili Cook-Off event at the Ioki Property.
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The Council discussed the motion and directed questions to staff.

The question was called, and the motion carried unanimously.

RECESS At 8:45 p.m., Mayor Silverstein recessed the meeting. The meeting resumed at 8:57 p.m. with all Councilmembers present.

C. Malibu Farmers Market Fee Waiver
Recommended Action: Consider whether to approve the request from the Cornucopia Foundation to waive the facility use and permit fees for the Malibu Farmers Market at Legacy Park.

Community Services Director Riesgo presented the staff report.

Mayor Silverstein opened the floor to public comment. As there were no speakers present, Mayor Silverstein returned the matter to the table for discussion.

The Council discussed the item and directed questions to staff.

MOTION Councilmember Stewart moved, and Mayor Pro Tem Uhring seconded a motion to approve the request from the Cornucopia Foundation to waive the facility use and permit fees for the Malibu Farmers Market at Legacy Park.

The Council discussed the motion and directed questions to staff.

The question was called, and the motion carried 4-0, Councilmember Grisanti abstaining.

ITEM 7 COUNCIL ITEMS
A. Designation of Voting Delegate and Alternate Voting Delegate(s) for the 2023 League of California Cities Annual Conference
Recommended Action: Designate the City’s voting delegate and alternate voting delegate(s) for the League of California Cities 2023 Annual Conference scheduled for September 20-22, 2023 in Sacramento.

City Manager McClary presented the staff report.

Mayor Silverstein opened the floor to public comment. As there were no speakers present, Mayor Silverstein returned the matter to the table for discussion.

The Council discussed the item.

MOTION Councilmember Grisanti moved, and Councilmember Riggins seconded a motion to designate Councilmember Riggins as the voting delegate, and Councilmember Grisanti as the alternate voting delegate for the League of California Cities 2023 Annual Conference. The question was called, and the motion carried unanimously. 28 Malibu City Council
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B. Los Angeles County National Oceanic and Atmospheric Administration (NOAA) Climate Resilience Regional Challenge – SUPPORT (Mayor Silverstein) Recommended Action: At the request of Mayor Silverstein, authorize the City to partner with Los Angeles County in pursuing the NOAA Climate Resilience Regional Challenge competitive funding opportunity as a co-applicant.

Mayor Silverstein opened the floor to public comment.

Speaker: Zachary Gaidzik
As there were no other speakers present, Mayor Silverstein returned the matter to the table for discussion.

The Council discussed the item.

MOTION Councilmember Grisanti moved, and Councilmember Stewart seconded a motion to authorize the City to partner with Los Angeles County in pursuing the NOAA Climate Resilience Regional Challenge competitive funding opportunity as a coapplicant.

The Council discussed the motion and directed questions to Mr. Gaidzik.

The question was called, and the motion carried unanimously.

ITEM 6 NEW BUSINESS (CONTINUED)
D. Proposed Settlement Agreement with Cross Creek Ranch Malibu, LLC (CCRM) Regarding the Ranch at Cross Creek Property
Recommended Action: 1) Approve draft settlement agreement with Cross Creek Ranch Malibu, LLC (CCRM), and 2) find the action exempt from the California Environmental Quality Act (CEQA).

Interim City Attorney Rusin presented the staff report.

Mayor Silverstein opened the floor to public comment.

Speakers: John Mazza, Ryan Embree, and Jo Drummond
Rosemarie Ihde was not available at the time of hearing.

As there were no other speakers present, Mayor Silverstein returned the matter to the table for discussion.

The Council discussed the item.
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MOTION Mayor Silverstein moved to: 1) reject the proposal; and 2) appoint an ad hoc committee that would act expeditiously with the developer to draft a final proposal to be brought back to Council with adequate public notice for potential approval.

The motion died on the floor due to lack of a second.

The Council discussed the matter and directed questions to staff and Jim Arnone.

MOTION Councilmember Grisanti moved to: 1) approve draft settlement agreement, as amended, with the changes presented and listed below, with Cross Creek Ranch Malibu, LLC (CCRM), and 2) find the action exempt from the California Environmental Quality Act (CEQA).

4. Expanded City Rights Regarding Parcel C. CCRM waives all rights with respect to Parcel C. including, but not limited to, all rights for Parcel C to be reconveyed to it pursuant to Section 6.4 of the Development Agreement as well as those provided in Section 6.3 of the Development Agreement, subject to the following: With respect to Parcel C, CCRM waives all rights, including those provided under Section 6.4.1 of the Development Agreement, for Parcel C to be reconveyed to it, thereby giving the City an infinite time to build an approved use on Parcel C instead of the approximately six and one half years the City currently has remaining.

However:
b. The City shall use Parcel C shall be used only for an approved use under Section

6.3.2 of the Development Agreement or any of the following additional uses to which CCRM hereby consents.

8. Release of CCRM’s Tolling Claim. CCRM, on behalf of itself and its directors, managers, agents, representatives, successors, and assigns, whether current or former, as applicable and to the extent any exist (Releasors), hereby releases, waives, acquits and forever discharges the City and its boards, commissions, departments, bureaus, representatives, agents, employees, attorneys and assigns, from any and all claims, demands, causes of action, obligations, damages, rights of subrogation or indemnity, attorneys’ fees, costs and liabilities of any nature whatsoever, whether known or unknown, which CCRM ever had, now has or may claim to have against the City or its boards, commissions, departments, bureaus, representatives, agents, employees, attorneys and assigns for any reason that relates or pertains to and/or arises out of CCRM’s Tolling Claim or the Development Agreement (Released Claims). CCRM covenants that none of the Releasors will sue or otherwise institute or in any way actively participate in or voluntarily assist in the prosecution of any legal or administrative proceedings regarding the Released Claims. Releasors understand and acknowledge that the foregoing release extends to any claims or damages, without limitation, arising out of the Released Claims that may exist on the date of the execution of this Agreement, but which Releasors do not know to exist, which, if known, would have materially affected their decision to execute this Agreement, regardless of whether their lack of knowledge is a result of ignorance, oversight, error, negligence or any other cause. 30 Malibu City Council
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The Council discussed the motion and directed questions to staff.

Councilmember Riggins seconded the motion.

The Council discussed the motion.

The question was called, and the motion carried 4-1, Mayor Silverstein opposed.

ADJOURNMENT
Mayor Silverstein adjourned the meeting at 10:19 p.m. in memory of Annette O’Malley and residents of Maui and the islands of Hawaii.

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Agenda Item # 3.B.4.

Council Agenda Report
To: Mayor Uhring and the Honorable Members of the City Council Prepared by: Joseph D. Toney, Assistant City Manager
Reviewed by: Renée Neermann, Finance Manager
Approved by: Steve McClary, City Manager
Date prepared: January 24, 2023 Meeting date: February 12, 2024 Subject: Fiscal Year 2022-23 Fourth Quarter Financial Report RECOMMENDED ACTION: Receive and file Fiscal Year (FY) 2022-23 Fourth Quarter financial information.

FISCAL IMPACT: There is no fiscal impact associated with the recommended action. As of June 30, 2023, the budget General Fund Undesignated Reserve at June 30, 2023 is $70.3 million.

STRATEGIC PRIORITY: This item is part of the day-to-day operations identified in the Adopted FY 2023-24 Strategic Priority Project List.

DISCUSSION: The attached report provides revenue, expenditure, and fund balance totals for the fourth quarter of FY 2022-23.

The Adopted Budget is approved by City Council, typically in June, via resolution, and the Amended Budget includes the ongoing appropriation revisions that occur throughout the fiscal year, including the Mid-Year Budget Adjustments.

Revenues
As the Revenues by Fund Report (pages A 1-5) shows, the General Fund revenues have exceeded budget estimates. Specifically, the report reflects General Fund revenues received of $55.02 million or 101.0% of the amended budget amount and 118.0% of the adopted budget for the fiscal year. The General Fund revenue sources were conservatively budgeted, as is the best practice, and were based on review of information available from the State and County. Total revenue of all funds received City Council Meeting
02-12-24
Item

3.B.4.
1

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Agenda Item # 3.B.4.
during the fiscal year is $67.43 million or 72.0% of the amended budgeted amount for the fiscal year.

Many of the City’s tax revenues outperformed the projected budget. Property Tax revenues overall came in at $17.86 million, which is $352,000 more than the amended budget amount. The City received $3.06 million in Utility User’s Tax which is $858,000 more than the amended budget. Most of the revenues came in at budget, or close to it, of what was projected and amended as part of the FY 2022-23 Mid-Year Budget.

Transient Occupancy Tax (TOT) – Hotels and Motels and Private Rentals, collectively, came in at the Amended Budget amount of $9.50 million. This is less than the $10.34 million the City received in the prior fiscal year, likely due to a regression from the spike of demand in FY 2021-22 coming out of the pandemic. The $9 million to $10 million range is likely the basis of TOT revenue going forward.

Licenses and Permits - Building and renovations in the community continue to be active as Planning, Environmental Sustainability, and Public Works are still experiencing a greater-than-average number of applications, reviewing projects, and processing permits. Revenue from Licenses and Permits ($4.13 million) exceeded the adopted budget ($3.52 million) by nearly $611,000, and $223,000 over the amended budget ($3.91 million).

Service Charges - Revenue from Service Charges of $4.96 million resulted in more than the adopted budget ($4.7 million) by $260,000, but shortfall from the amended budget ($5.76 million) of -$806,000. The amended budget shortfall is due primarily to permits/fees being generated less than projected at Mid-Year for Dark Sky, Building Plan Check, and Geo Soils Engineering.

Overall, the total General Fund Revenues of $55.02 million resulted in $528,000 more than the amended budget ($54.49 million) and $8.83 million more than was anticipated at adoption ($46.19 million).

Expenditures
The Expenditure by Fund Report (pages A 6-9) reflects any budget carryovers from FY 2021-22, as well as the appropriations approved by the City Council for the current fiscal year in the Amended Budget column. Budget Adjustments, Carryovers and Council Appropriations total $3.68 million as of June 30, 2023. General Fund expenditures for the fiscal year total $40.41 million or 84.5% of the amended budgeted amount.

Expenditures for all funds total $52.4 million or 56.1% of the amended budgeted amount.

The low expenditure amount of all funds in relation to the budget is primarily due to pauses in progress on capital projects, the most significant of which is the $16.5 million for the Civic Center Water Treatment Facility (CCWTF) Phase Two. In addition, staffing vacancies are the main reason for savings across the departments. 2

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Agenda Item # 3.B.4.

Fund Balances
Projected Fund Balances for the fiscal year end are reflected on page A-10. The Undesignated Fund Balance at June 30, 2023, reflects all expenses appropriated by the Council as of June 30, 2023. The City ended FY 2021-22 with $56.45 million in the Undesignated General Fund Reserve. As of June 30, 2023, the budget General Fund Undesignated Reserve is $70.30 million, this will be approximately 120.9% of the $58.17 million FY 2023-24 operating budget and will exceed the 65% targeted reserve amount.

Of note, about $11.7 million of these funds have been identified for capital projects, as is seen in the FY 2023-24 budget. The Council also maintains a $6.5 million General Fund Designated Reserve for Contingencies.

The FY 2022-23 Fourth Quarter Financial Report was reviewed by the Administration and Finance Subcommittee on January 17, 2024.

ATTACHMENTS: FY 2022-23 Q4 Financial Report
3 Object Description
2022-23
Adopted
Amended
Budget
Received
06/30/2023
Percentage
Received
100, 101, 102 & 103 General Fund
3111 Current Year Secured Property Tax $ 13,300,000 $ 14,660,000 $ 14,379,623 98.1% 3112 Current Year Unsecured Property Tax 425,000 425,000 854,537 201.1% 3113 Homeowner's Exemption 60,000 60,000 60,830 101.4%
3114 Prior Year Secured Property Tax 1,000 1,000 0.0% - 3115 Prior Year Unsecured Property Tax 10,000 10,000 27,434 274.3% 3118 Property Tax In-Lieu 2,350,000 2,350,000 2,535,839 107.9% Revenue from Property Taxes 16,146,000 17,506,000 17,858,263 102.0% 3131 Documentary Transfer Tax 1,200,000 1,200,000 1,015,484 84.6% 3132 Utility User's Tax 2,200,000 2,200,000 3,058,345 139.0% 3133 Transient Occupancy Tax - Hotels and Motels 3,000,000 3,540,000 3,744,980 105.8% 3133-01 Transient Occupancy Tax - Private Rentals 5,000,000 6,000,000 5,785,537 96.4% 3134 Franchise Fees 650,000 650,000 817,392 125.8%
3137 Sales and Use Tax 4,500,000 6,450,000 6,405,551 99.3% 3138 Parking Occupancy Tax 400,000 600,000 483,813 80.6% Revenue From Other Taxes 16,950,000 20,640,000 21,311,104 103.3% 3201 Alarm Permits 35,000 35,000 34,897 99.7%
3202 Film Permits 450,000 450,000 519,661 115.5%
3203 Building Permits 930,000 1,197,000 1,083,010 90.5% 3203-01 Code Enforcement - Special Investigations 20,000 20,000 22,899 114.5% 3204 Wastewater Treatment System Permits 35,000 35,000 39,257 112.2% 3205 Plumbing Permits 115,000 115,000 183,976 160.0%
3207 Mechanical Permits 90,000 90,000 137,761 153.1%
3208 Electrical Permit Fees 225,000 225,000 320,643 142.5% 3209 Grading/Drainage Permit Fees 80,000 80,000 78,514 98.1% 3210 Misc. Permits 20,000 20,000 5,023 25.1%
3418 OWTS Operating Permit Fees 320,000 441,000 424,999 96.4% 3420 Parking Permits 1,500 1,500 1,016 67.7%
3421 Planning Review Fees 1,200,000 1,200,000 1,280,496 106.7% Revenue From Licenses and Permits 3,521,500 3,909,500 4,132,152 105.7% 3250 Parking Citation Fines 1,150,000 1,617,000 1,468,688 90.8% Revenue From Fines and Forfeitures 1,150,000 1,617,000 1,468,688 90.8% 3316 Motor Vehicle In-Lieu Fees 15,000 15,000 11,008 73.4% 3318 Street Sweeping Reimbursements 51,678 51,678 57,005 110.3% 3322 American Rescue Plan 1,413,797 2,338,459 2,338,459 100.0% 3313/3341 FEMA/OES Reimbursements 1,500,000 1,500,000 591,851 39.5% 3373 Proposition A Recreation - - 0.0% -
3383 Measure A Recreation - - 0.0% -
3381 LA County EWMP Reimbursement - 53,218 26,844 50.4% Revenue From Other Governments 2,980,475 3,958,355 3,025,166 76.4% 3408 Biology Review Fees 175,000 235,000 252,470 107.4% 3409 Document Retention Fees 14,000 14,000 23,978 171.3% 3410 Building Plan Check Fees 850,000 1,311,000 1,030,156 78.6% 3410-01 Administrative Plan Check Processing Fee 50,000 50,000 60,536 121.1% 3410-03 Building Plan Check Fees - Dark Sky 650,000 650,000 0.0% - 3411 Inspector Plan Check Fees 180,000 180,000 186,002 103.3% 3412 Geo Soils Engineering Fees 900,000 1,111,000 987,774 88.9% 3413 Other Plan Check Fees 40,000 40,000 30,415 76.0%
3414 Environmental Health Review Fees 400,000 601,000 568,303 94.6% 3415 Grading/Drainage Plan Review Fees 10,000 10,000 1,435 14.4% 3416 Code Enforcement Investigation Fees 60,000 60,000 83,768 139.6% 3419 Credit Card Fees 105,000 105,000 130,829 124.6%
3422 OWTS Practitioners Fees 4,000 4,000 6,550 163.8%
3425 CA Building Standards Surcharge 3,000 3,000 2,728 90.9% 3426 EIR Review Fees - - 0.0% -
3427 Technology Enhancement Fee 100,000 100,000 125,009 125.0% 3431 Public Works/Engineering Fees 350,000 483,000 462,894 95.8% 3432 WQMP Fees 25,000 25,000 42,846 171.4%

REVENUES BY FUND
June 30, 2023
A-1
4 Object Description
2022-23
Adopted
Amended
Budget
Received
06/30/2023
Percentage
Received

REVENUES BY FUND
June 30, 2023
General Fund (Continued)
3433 Banner Hanging Fees - - - 0.0%
3434 TOT Registration Fees - - - 0.0%
3434-01 Short-Term Rental Permit Fee 100,000 100,000 147,900 147.9% 3434-02 Short-Term Rental Violation Fines 2,000 2,000 - 0.0% 3435 Admin Permit Processing Fees 80,000 80,000 96,181 120.2% 3436 Electric Vehicle Charger Fees 2,000 2,000 4,399 219.9% 3441 Sale of Publications and Materials 500 500 - 0.0%
3444 Returned Check Service Fees 500 500 175 35.0%
3446 Vehicle Release Impound Fees 75,000 75,000 90,935 121.2% 3447 Election Fees 1,500 1,500 1,501 100.1%
3448 Subpoena Fees 1,000 1,000 4,953 495.3%
3449 False Alarm Service Charge 12,000 12,000 10,022 83.5% 3450 Residential Decals 2,000 2,000 595 29.8%
3461 Municipal Facility Use Fees 80,000 80,000 73,112 91.4% 3464 Youth Sports Program 45,000 45,000 48,681 108.2%
3464-01 Girls Youth Sports 7,000 7,000 3,000 42.9%
3466 Aquatics Program 200,000 200,000 174,557 87.3%
3467 Day Camp 50,000 50,000 111,098 222.2%
3468 Senior Adult Program 5,000 5,000 26,470 529.4%
3469 Skate Park 45,000 45,000 38,031 84.5%
3470 Recreation/Community Class Registration 70,000 70,000 122,281 174.7% 3471/3472 Special Events 2,500 2,500 7,510 300.4%
Revenue From Service Charges 4,697,000 5,763,000 4,957,091 86.0% 3501 Interest Earnings 300,000 300,000 1,654,792 551.6% 3505 City Hall Use Fees 10,000 10,000 33,697 337.0%
Use of Money and Property 310,000 310,000 1,688,489 544.7% 3600 Proceeds from Grants 370,000 720,000 546,495 75.9% 3602 Proposition A Transportation Funds Exchange - - - 0.0% 3901 Settlements 5,000 5,000 (13,994) -279.9%
3902 Legal Fees - - - 0.0%
3904 TOT Private Rental Penalties 25,000 25,000 12,739 51.0% 3905 Miscellaneous Reimbursements 25,000 25,000 17,746 71.0% 3920 Donations 5,000 5,000 - 0.0%
3940 Sale of Surplus Property 1,000 1,000 - 0.0%
3930/3943 Miscellaneous Revenue 5,000 5,000 14,210 284.2% Miscellaneous Revenue 436,000 786,000 577,196 73.4%
Total General Fund 54,489,855 46,190,975 55,018,148 101.0% Special Revenue Funds
201 Gas Tax Fund
3315 Highway User's Fees 370,785 370,785 274,858 74.1%
3318 Traffic Congestion Relief - - - 0.0%
3501 Interest Earnings 1,000 1,000 5,313 531.3%
Total Gas Tax Fund 371,785 371,785 280,171 75.4%
202 Traffic Safety Fund
3312 Fines & Forfeitures 200,000 200,000 237,861 118.9% 3501 Interest Earnings 900 900 8,009 889.9%
Total Traffic Safety Fund 200,900 200,900 245,870 122.4% 203 Proposition A Fund
3371 Prop A Funds 281,466 281,466 303,247 107.7%
3501 Interest Earnings 2,000 2,000 24,523 1226.2%
Total Proposition A Fund 283,466 283,466 327,770 115.6% A-2
5 Object Description
2022-23
Adopted
Amended
Budget
Received
06/30/2023
Percentage
Received

REVENUES BY FUND
June 30, 2023
204 Proposition C Fund
3372 Prop C Funds 233,468 233,468 251,534 107.7%
3501 Interest Earnings 2,000 2,000 7,469 373.5%
Total Proposition C Fund 235,468 235,468 259,003 110.0% 205 Measure R Fund
3374 Measure R Funds 175,101 175,101 188,596 107.7%
3501 Interest Earnings 2,000 2,000 7,088 354.4%
Total Measure R fund 177,101 177,101 195,684 110.5%
206 Air Quality Management Fund
3377 AQMD Funds 16,000 16,000 14,106 88.2%
3501 Interest Earnings 800 800 3,991 498.9%
3943 Other Revenue - - - 0.0%
Total Air Quality Management Fund 16,800 16,800 18,097 107.7% 207 Solid Waste Management Fund
3311 Solid Waste Management Surcharge 120,000 120,000 137,033 114.2% 3434 Recycling Fees 17,500 17,500 16,733 95.6%
3501 Interest Earnings 125 125 2,666 2132.8%
3600 Grant Proceeds 5,000 26,134 15,686 60.0%
Total Solid Waste Management Fund 142,625 163,759 172,118 105.1% 208 Parkland Development Fund
3135 Parkland Development Fees 20,000 20,000 32,437 162.2% 3501 Interest Earnings 500 500 4,139 827.8%
3905 Miscellaneous Reimbursements - - - 0.0%
Total Park Development Fund 20,500 20,500 36,576 178.4% 209 Quimby Fund
3501 Interest Earnings 30 30 112 373.3%
Total Quimby Fund 30 30 112 373.3%
211 COPS (Brulte) Grant Fund
3600 Proceeds From Grants (Brulte) 155,000 165,271 165,271 100.0% Total COPS (Brulte) Fund 155,000 165,271 165,271 100.0% 212 Measure M Funds
3375 Measure M Funds 198,448 198,448 213,343 107.5%
3501 Interest Earnings 2,000 2,000 13,518 675.9%
Total Measure M Fund 200,448 200,448 226,861 113.2%
213 Road Maintenance and Rehabilitation Act (RMRA) Fund 3319 SB1 Annual Allocation 288,238 288,238 239,668 83.1% 3501 Interest Earnings 1,500 1,500 12,458 830.5%
Total RMRA Fund 289,738 289,738 252,126 87.0%
214 Art in Public Places Fund
3135 Art in Public Places Fees 5,000 5,000 0.0% -
3501 Interest Earnings 200 200 1,039 519.5%
Total Art in Public Places Fund 5,200 5,200 1,039 20.0% 215 Community Development Block Grant Fund
3320/3320-01 Proceeds From Grants 15,000 15,000 46,428 309.5% 3600-01 Proceeds From Grants - Disaster Recovery 45,000 45,000 0.0% - Total Comm. Dev. Block Grant Fund 60,000 60,000 46,428 77.4% Special Revenue Funds (Continued)
A-3
6 Object Description
2022-23
Adopted
Amended
Budget
Received
06/30/2023
Percentage
Received

REVENUES BY FUND
June 30, 2023
218 Measure W - LA County Stormwater Fund
3379 Measure W Annual Allocation 380,000 380,000 390,327 102.7% 3501 Interest Earnings 100 100 21,713 21713.0%
Total Measure W - LA County Stormwater 380,100 380,100 412,040 108.4% 225 Grants Fund
3376 TDA 25,000 10,869 25,000 100.0%
3600 Proceeds From Grants 16,500,000 11,778,219 523,148 4.4% Total Grants Fund 16,510,869 11,803,219 548,148 4.6%
290 Big Rock LMD Fund
3116 Big Rock Mesa Assessment 327,539 327,539 356,347 108.8% 3501 Interest Earnings 800 800 2,937 367.1%
Total Big Rock LMD Fund 328,339 328,339 359,284 109.4%
291 Malibu Road LMD Fund
3116 Malibu Road Assessment 59,388 59,388 58,993 99.3%
3501 Interest Earnings 800 800 2,227 278.4%
Total Malibu Road LMD Fund 60,188 60,188 61,220 101.7%
292 Calle Del Barco LMD Fund
3116 Calle Del Barco Assessment 81,618 81,618 80,267 98.3% 3501 Interest Earnings 700 700 2,666 380.9%
Total Calle Del Barco LMD Fund 82,318 82,318 82,933 100.7% 715 Civic Center Water Treatment Facility AD
3501 Interest Earnings 10,000 10,000 196,076 1960.8%
3915 Civic Center Water Treatment Facility AD 2,587,519 2,587,519 2,333,488 90.2% Total Civic Ctr Water Treatment Facility AD 2,597,519 2,597,519 2,529,565 97.4% 517 Civic Center Water Treatment Facility - Phase Two
3501 Interest Earnings - - 48,742 0.0%
3950 CCWTF - Phase Two Construction - Bond Proceeds 16,500,000 16,500,000 - 0.0% 2080 CCWTF - Phase Two Contributions - - 750,000 0.0%
Total Civic Ctr Water Treatment Facility AD 16,500,000 16,500,000 798,742 4.8% 712 Carbon Beach Undergrounding CFD Fund
3915 Carbon Beach Undergrounding Assessment 236,032 236,032 233,399 98.9% 3501 Interest Earnings 20 20 5,499 27494.5%
Total Carbon Beach Undergrounding CFD 236,052 236,052 238,898 101.2% 713 Broad Beach Assessment District
3915 Broad Beach Undergrounding Assessment 141,710 141,710 139,579 98.5% 3501 Interest Earnings 10 10 66079.5% 6,608
Total Broad Beach Undergrounding AD 141,720 141,720 146,187 103.2% 38,996,166 34,319,921 7,404,144 21.6%
500 Legacy Park Project Fund
3501 Interest Earnings 6,000 6,000 31,378 523.0%
3505 Proceeds from Rent 1,565,941 1,565,941 1,574,438 100.5% 3373 Prop A Recreation - - 0.0% -
3383 Measure A Recreation 100,000 - 0.0% -
3905 Miscellaneous Revenue 145,000 145,000 162,162 111.8% Total Legacy Park Project Fund 1,716,941 1,816,941 1,767,979 97.3% Total Legacy Park Project Fund 1,716,941 1,816,941 1,767,979 97.3% Total Special Revenue Funds
Special Revenue Funds (Continued)
A-4
7 Object Description
2022-23
Adopted
Amended
Budget
Received
06/30/2023
Percentage
Received

REVENUES BY FUND
June 30, 2023
515 Civic Center Wastewater Treatment Facility O&M
3501 Interest Earning - - 15,803 0.0%
3510 Sewer Service Fees 2,200,000 2,200,000 2,260,360 102.7% 3915 Contributions-Property Owners - - - 0.0%
Total CCWTF O&M 2,200,000 2,200,000 2,276,163 103.5%
Total CCWTF O&M Funds 2,200,000 2,200,000 2,276,163 103.5% 601 Vehicle Fund
3501 Interest Earnings - - 3,092 0.0%
3951 Vehicle Charges 114,000 120,000 247,180 206.0%
Total Vehicle Fund 114,000 120,000 250,272 0.0%
602 Information Technology Fund
3501 Interest Earnings - - 646 0.0%
3952 Information Technology Charges 695,000 710,000 710,000 100.0% Total Information Technology Fund 695,000 710,000 710,646 100.1% Total Internal Service Funds 809,000 830,000 960,918 118.8% Total Revenue - All Funds 89,913,082 $ 93,656,717 $ 67,427,352 $ 72.0% Total 2022-2023 Adopted budget: $ 89,913,082
Account Description Amount
100-0000-3381-00 LA County EWMP Deferred Revenue 53,218 Budget Carryover 102-0000-3322-00 American Rescue Plan Deferred Revenue 924,662 Budget Carryover 500-0000-3383-00 Measure A Recreation - LA County Measure A Allocation 100,000 Budget Correction 225-0000-3600-00 Proceeds from Grants Grants Fund (4,721,781) Budget Correction 602-0000-3951-00 Vehicle Allocation Internal Service Fees 6,000 Budget Correction 602-0000-3952-00 IT Allocation - Fund 207 Solid Waste Management Internal Service Fees 15,000 Budget Correction 100-0000-3600-00 Public Safety - SMMC Hazard Tree Grant Proceeds from Grants 350,000 09/27/22 Council Action 100-0000-3111-00 Revised Property Tax projection Property Tax 1,360,000 $ Mid-year Amendment 100-0000-3133-00 Increased to reflect higher than anticipated rentals TOT - Hotels/Motels 540,000 Mid-year Amendment 100-0000-3133-01 Increased to reflect short-term rental activity TOT - Private Rentals 1,000,000 Mid-year Amendment 100-0000-3137-00 Increased per HDL forecast for sales tax & anticipated TUT Sales and Use Tax 1,950,000 Mid-year Amendment 100-0000-3138-00 Increased use of beach lots Parking Tax 200,000 Mid-year Amendment 100-0000-3250-00 Increased parking citations Parking Citations 467,000 Mid-year Amendment 100-0000-3431-00 Increased number of projects in review Public Works Review 133,000 Mid-year Amendment 101-0000-3203-00 Increase in permits Building Permits 267,000 Mid-year Amendment 101-0000-3408-00 Increased number of projects in review Planning/Biology Review 60,000 Mid-year Amendment 101-0000-3410-00 Increased number of projects in review Bdg Plan Check Fees 461,000 Mid-year Amendment 101-0000-3412-00 Increased number of projects in review Geo Soils Eng Fees 211,000 Mid-year Amendment 101-0000-3414-00 Increased number of projects in review Env Health Review Fees 201,000 Mid-year Amendment 101-0000-3418-00 Increase in permits OWTS Operating Permit F Mid-year Amendment 121,000 207-0000-3600-00 SB 1383 Local Assistance Grant Proceeds from Grants 21,134 Mid-year Amendment 211-0000-3600-00 Supplemental Law Enforcement Services (SLESA) Brulte 10,271 Budget Correction 225-0000-3376-00 Transportation Development Act - TDA3 Proceeds from Grants 14,131 Budget Correction Total Amendments 3,743,635
Total Amendment Budget 93,656,717 $
Internal Service Funds
Reconciliation of adopted to amended budget
A-5
8 Adopted Budget Amended
Budget (1) YTD Actual % Spent
General Fund
Management and Administration
7001 City Council 773,095 $ 773,095 $ 594,437 $ 76.9%
7002 Media Operations 733,109 733,109 593,434 80.9%
7003 City Manager 754,872 926,622 857,281 92.5%
7005 Legal Counsel 1,050,000 1,050,000 813,292 77.5%
7007 City Clerk 574,966 574,966 341,762 59.4%
7021 Public Safety Services 11,680,987 12,662,065 11,850,256 93.6% 7054 Finance 1,666,807 1,666,807 1,598,306 95.9%
7058 Human Resources 696,286 696,286 487,568 70.0%
7059 Non Departmental Services 3,943,333 3,937,333 2,251,312 57.2% 103-9050 City Hall 954,928 954,928 821,279 86.0%
9088 Vacant Land 292,675 292,675 251,090 85.8%
9050/9074/9088 Debt Service (City Hall / Trancas / Vacant Land) 3,187,926 3,187,926 3,187,925 100.0% Total Administrative Services 26,308,984 27,455,812 23,647,943 86.1% Community Services
4001 General Recreation 863,037 863,037 708,998 82.2%
4002 Aquatics 400,454 400,454 354,242 88.5%
4003 Outdoor Recreation 64,894 64,894 46,170 71.1%
4004 Day Camps 102,969 102,969 116,180 112.8%
4005 Skate Park 71,535 71,535 60,210 84.2%
4006 Sports 128,021 128,021 96,814 75.6%
4007 Community Programs 125,917 125,917 135,563 107.7%
4008 Senior Adult Programs 200,241 200,241 189,426 94.6% 4010 Park Maintenance 1,364,489 1,465,489 1,255,009 85.6% 4011 Special Events 233,030 233,030 188,503 80.9%
4012 Cultural Arts 246,395 246,395 179,521 72.9%
Total Community Services 3,800,982 3,901,982 3,330,635 85.4% Environmental & Sustainability Development
2004 Environmental & Building Safety 3,448,434 3,538,684 3,003,769 84.9% 2010 Wastewater Management 541,427 541,427 528,595 97.6% 3003 Clean Water Program 1,352,431 1,502,431 1,042,931 69.4% 3004 Solid Waste Management - - 0.0% -
Total Env. & Community Development 5,342,292 5,582,542 4,575,295 82.0% Planning Deparment
2001 Planning 3,376,366 4,396,366 3,511,457 79.9%
2012 Code Enforcement 649,141 661,141 613,087 92.7%
Total Planning Department 4,025,507 5,057,507 4,124,544 81.6% Public Works/Engineering
3001 Street Maintenance 1,193,403 1,564,403 1,336,122 85.4% 3005 Fleet Operations 160,000 - 87,992 55.0%
3007 City Facilities 126,100 256,100 179,116 69.9%
3008 Public Works 1,727,864 1,804,418 1,284,999 71.2%
Total Public Works 3,047,367 3,784,921 2,888,228 76.3%
Disaster Response
3002 Fire Rebuilds and Storm Response 1,564,000 1,944,000 1,767,137 90.9% 3002-19 COVID-19 Response 97,000 97,000 79,002 81.4%
Total Disaster Response 1,661,000 2,041,000 1,846,138 90.5% Total General Fund 44,186,132 47,823,764 40,412,782 84.5% (1) The amended budget column includes the original budget amount plus encumbrance carryovers and any additional appropriations.

EXPENDITURES BY FUND
June 30, 2023
A-6
9 EXPENDITURES BY FUND
June 30, 2023
Adopted Budget Amended
Budget (1) YTD Actual % Spent
Special Revenue Funds
3001 Street Maintenance 785,000 785,000 785,000 100.0%
3003 Clean Water Program - - - 0.0%
3004 Solid Waste Management 458,406 479,540 324,050 67.6% 3005 Fleet Operations 118,633 - - 0.0%
3007 Stormwater Treatment Facilities 100,000 100,000 100,000 100.0% 3008 Public Works 345,000 345,000 328,848 95.3%
3009 Transportation Services 165,000 165,000 104,322 63.2% 4010 Park Maintenance - - - 0.0%
6002 Big Rock Mesa LMD 384,647 384,647 315,025 81.9%
6003 Malibu Road LMD 75,016 75,016 71,381 95.2%
6004 Calle del Barco LMD 81,016 81,016 65,023 80.3%
9048 Carbon Beach Undergrounding CFD 231,310 231,310 228,819 98.9% 9052 Broad Beach Undergrounding AD 139,930 139,930 139,512 99.7% 9049 Civic Center Wastewater Treatment Plant AD 2,319,460 2,319,460 2,482,659 107.0% 7021 Public Safety 155,000 165,271 165,271 100.0%
7070 Community Development Block Grant 15,000 15,000 62,760 418.4% CCWTF Phase Two - - - 0.0%
Total Special Revenue Funds 5,373,418 5,286,190 5,172,670 97.9% Capital Project Funds
310 Capital Improvement Fund
9002 Annual Street Overlay 900,000 $ 900,000 $ 57,472 $ 6.4% 9059 PCH Median Improvements 4,490,000 4,490,000 24,561 0.5% 9061 Civic Center Way Improvements - - 11,783 0.0%
9066 PCH Signal Synchronization Imp. 6,555,000 6,555,000 350,706 5.4% 9070 Civic Center Stormdrain System - - 154 0.0%
9072 Marie Canyon Green Streets 385,000 385,000 254,001 66.0% 9075 CCWTF Phase Two 16,500,000 16,500,000 88,676 0.5%
9082 Westward Beach Road 350,000 350,000 0.0% -
9090 Permanent Skate Park 1,066,000 1,066,000 20,775 1.9% 9093 Bluffs Park Shade Structure 100,000 100,000 57,095 57.1% 9094 Vehicle Protection Devices City Properties 100,000 100,000 0.0% - 9097 Malibu Bluffs Park South Walkway 150,000 150,000 25,000 16.7% 9098 Trancas Cyn Park Play Resurfacing 75,000 75,000 0.0% - 9100 PCH/Trancas Right Turn Lane 683,219 683,219 103,303 15.1% 9101 PCH Crosswalk Improvements 200,000 200,000 0.0% -
9102 PCH Median Imp at Paradise Cove/Zuma 100,000 100,000 0.0% - 9103 Kanan Dume Biofilter 100,000 100,000 0.0% -
9104 Stormdrain Trash Screens - Phase Two 35,000 35,000 0.0% - 9105 City Traffic Signals Backup Power 30,000 30,000 0.0% - 9106 Malibu Canyon Road Traffic Study 50,000 50,000 0.0% - 9200 Woolsey Fire & Storm Response CIP 3,211,491 3,267,491 1,233,956 37.8% Total Capital Project Funds 35,080,710 35,136,710 2,227,481 6.3% Disaster Capital Improvement Projects
A-7
10 EXPENDITURES BY FUND
June 30, 2023
Adopted Budget Amended
Budget (1) YTD Actual % Spent
Legacy Park Project Fund
500 7004 Legacy Park Debt Service 1,091,451 1,091,451 1,088,276 99.7% 7008 Legacy Park Operations 975,783 975,783 681,271 69.8% Total Legacy Park Project Fund 2,067,234 2,067,234 1,769,547 85.6% Civic Center Wastewater Treatment Facility Fund
515 3010 CCWTF Sewer Services 2,019,699 2,039,699 1,908,411 93.6% Total CCWTF Fund 2,019,699 2,039,699 1,908,411 93.6%
Internal Service Funds
3005 Vehicle 35,367 $ 84,000 $ 65,481 $ 78.0%
7060 Information Technology 1,006,320 1,006,320 843,421 83.8% Total Internal Service Funds 1,041,687 1,090,320 908,901 83.4% Total All Funds 89,768,880 $ 93,443,917 $ 52,399,793 $ 56.1% (1) The amended budget column includes the original budget amount plus encumbrance carryovers and any additional appropriations.

A-8
11 EXPENDITURES BY FUND
June 30, 2023
Total 2022-23 Adopted Budget: $ 89,768,880
Account Description Project Amount Comment
100-3001-5123-01 Public Works - Storm Drain System Maint Equip Maint/Repairs 76,000 Budget Carryover 100-3007-7800-00 Public Works - Equipment Equipment Replacement 130,000 Budget Carryover 100-3008-5100-00 Public Works - Professional Services Engineering Services 76,554 Budget Carryover 100-3005-7700-00 Public Works - Fleet Operations Equipment/Vehicles 90,000 Budget Carryover 100-7003-5100-00 City Manager - Professional Services TUT Info Materials 24,900 Council Appropriation 100-7021-5100-00 Public Safety - Proceeds from Grants Hazard Tree Removal 350,000 Council Action 100-7003-5100-00 City Manager - Professional Services School Safety Assessmnt 66,000 Council Appropriation 102-9215-5100-00 Disaster CIP - Professional Services Malibu Rd Drainage Repair 56,000 Council Appropriation 100-7003-5100-00 City Manager - Professional Services Development Svcs Review 80,850 Council Appropriation 101-2001-5100-00 Planning Dept - Professional Services Consultant Services 900,000 Council Appropriation 102-3002-5100-00 Disaster Response - Fire Rebuilds-Planning Consultant Services 50,000 Council Appropriation 100-3001-8100-00 Public Works - Vehicle Allocation Internal Service Fees 18,000 Budget Correction 100-4010-8100-00 Parks Maintenance - Vehicle Allocation Internal Service Fees 6,000 Budget Correction 100-7059-8100-00 Non-departmental - Vehicle Allocation Internal Service Fees (6,000) Budget Correction 101-2004-8100-00 Building Safety - Vehicle Allocation Internal Service Fees 30,000 Budget Correction 101-2012-8100-00 Code Enforcement - Vehicle Allocation Internal Service Fees 12,000 Budget Correction 206-3005-xxxx-00 Air Quality - Fleet Operations AQMD Funding (118,633) Budget Correction 601-3005-xxxx-00 Vehicle - Fleet Operations Fleet Operations 48,633 Budget Correction 100-3005-xxxx-00 Vehicle - Fleet Operations Fleet Operations 70,000 Budget Correction 100-3001-5120-00 Public Works - Street Maintenance Maintenance Yard rent 71,000 Mid-year Amendment 100-3001-5120-00 Public Works - Street Maintenance Restripe Las Flores Canyon R Mid-year Amendment 33,000 100-3001-5120-00 Public Works - Street Maintenance Pt Dume sidewalk repairs 21,000 Mid-year Amendment 100-3001-5120-00 Public Works - Street Maintenance Repair electrical conduit 10,000 Mid-year Amendment 100-3001-5121-01 Public Works - Street Maintenance Street Sweeping 10,000 Mid-year Amendment 100-3001-5124-00 Public Works - Street Maintenance Repairs to signal controller 20,000 Mid-year Amendment 100-3001-7800-00 Public Works - Street Maintenance New City trash receptacles 112,000 Mid-year Amendment 100-4010-5130-00 Park Maintenance Program - Parks Maint Repairs to park amenities 25,000 Mid-year Amendment 100-4010-5610-00 Park Maintenance Program - Facilities Maint Charmlee Park residence Mid-year Amendment 25,000 100-4010-7300-00 Park Maintenance Program - Leasehold Imp Bluffs Park staff offices Mid-year Amendment 15,000 100-4010-7800-00 Park Maintenance Program - Equipment Security-Michael Landon Ctr Mid-year Amendment 30,000 100-7021-5100-00 Public Safety - Professional Services Everbridge contract Mid-year Amendment 17,681 100-7021-5100-00 Public Safety - Professional Services Oracle Virtual EOC Lic Mid-year Amendment 21,000 100-7021-5100-00 Public Safety - Professional Services SMMC Hazard Tree Grant Mid-year Amendment 350,000 100-7021-5115-00 Public Safety - LA County Sheriff Services Sheriff's contract Mid-year Amendment 172,442 100-7021-7800-00 Public Safety - Other Equipment Fire Safety Beacon Boxes (ad Mid-year Amendment 69,955 101-2001-4101-00 Planning - Salaries/Overtime Increase overtime budget 25,000 Mid-year Amendment 101-2001-5100-01 Planning - Coastal Development Permit Services Biological peer reviews 95,000 Mid-year Amendment 101-2004-4101-00 Building Safety/Sustainability - Salaries Administrative EE positions 60,250 Mid-year Amendment 101-3003-5100-00 Clean Water Program - Professional Services Rincon Consultants, Inc. 150,000 Mid-year Amendment 102-3002-5100-01 Woolsey Fire/Storm Response - Coastal Dev. PermWoolsey Fire rebuilds Mid-year Amendment 30,000 102-3002-5123-00 Woolsey Fire/Storm Response - Storm Response 2023 winter storm response 300,000 Mid-year Amendment 207-3004-5850-00 Solid Waste Management - Recycling Supplies SB 1383 Local Assist Grant Mid-year Amendment 21,134 515-3010-5640-00 CCWTF - Equipment Maintenance Generator rental Mid-year Amendment 20,000 100-7021-5115-00 Supplemental Law Enforcement Svcs (SLESA) Brulte Budget Correction 10,271 3,675,037
Total 2022-23 Current Amended Budget: $ 93,443,917
Reconciliation of adopted to amended budget
A-9
12 PROJECTED FUND BALANCES
June 30, 2023
Other Per ACFR CY
Budget 2022-23 FY 2022-23 Audited Non-Current/ Budget
Fund Balance Revenues Expenditures Budgeted Activity & Fund Balance Unavailable Fund Balance FUND July 1, 2022 6/30/2023 6/30/2023 Transfers PY Non-current June 30, 2023 Revenue June 30, 2023 General Fund - Undesignated $ 56,454,080 $ 53,012,499 $ 38,423,284 $ 1,659,076 $ (3,420,726) $ 69,281,644 $ 1,022,472 $ 70,304,116 General Fund - Designated for Contingencies 6,500,000 - - - 6,500,000 - 6,500,000 - General Fund - Designated for CIPs 325,000 - 993,528 - 1,318,528 - 1,318,528 - General Fund - SCE Settlement Woolsey Fire 7,041,464 - (330,476) - 6,710,988 - 6,710,988 - Designated for Deferred Maintenance 1,127,898 49,388 - - 1,078,510 - 1,078,510 - Designated for Case (Crummer) Parcel 368,254 20,775 - - - 347,479 - 347,479 Designated for Water Quality Settlement 57,276 6,134 - - - 51,142 - 51,142 Designated for Housing Element Program 194,140 - - - - 194,140 - 194,140 Designated for City Facilities - La Paz 500,000 - - - - 500,000 - 500,000 Designated for FEMA Disaster Projects 920,138 591,851 1,846,138 (1,233,956) 391,798 (1,176,307) 1,681,631 505,324 Designated for American Rescue Plan 924,661 1,413,798 (2,338,459) - - - - - Total General Fund 74,412,911 55,018,148 40,345,719 (1,250,287) (3,028,928) 84,806,124 2,704,103 87,510,227 201 Gas Tax Fund 31,061 280,171 308,848 - - 2,384 - 2,384 202 Traffic Safety Fund 161,535 245,870 200,000 - - 207,405 - 207,405 203 Proposition A Fund 707,409 327,770 104,322 - - 930,857 - 930,857 204 Proposition C Fund 101,847 259,003 65,000 - - 295,850 - 295,850 205 Measure R Fund 128,999 195,684 100,000 - - 224,683 - 224,683 206 Air Quality Management Fund 133,941 18,097 - - - 152,038 - 152,038 207 Solid Waste Management Fund 158,466 172,118 324,050 - - 6,534 - 6,534 208 Parkland Development In-Lieu Fund 125,086 36,576 - - - 161,662 - 161,662 209 Quimby Fund 3,848 112 - - - 3,960 - 3,960
211 COPS Brulte Grant Fund - 165,271 165,271 - - - - -
212 Measure M Fund 339,228 226,861 140,000 (57,472) - 368,617 - 368,617 213 RMRA (SB1) Fund 324,830 252,126 - - - 576,956 - 576,956 214 Art in Public Places In-Lieu Fund 35,849 1,039 - - - 36,888 - 36,888 215 Community Development Block Grant Fund - 46,428 62,760 16,332 - - - - 218 Measure W LA County Stormwater 479,253 412,040 100,000 (254,001) - 537,292 - 537,292 225 Grants Fund - 548,148 300,000 (572,448) (182,530) (506,830) 506,830 - 290 Big Rock LMD 67,241 359,284 315,025 - - 111,500 - 111,500 291 Malibu Road LMD 65,078 61,220 71,381 - - 54,917 - 54,917 292 Calle Del Barco LMD 72,809 82,933 65,023 - - 90,719 - 90,719 712 Carbon Beach Undergrounding CFD 491,562 238,898 228,819 - - 501,641 - 501,641 713 Broad Beach Assessment District 269,148 146,187 139,512 - - 275,824 - 275,824 715 CCWTF AD Phase One 7,483,562 2,529,565 2,482,659 - 7,530,468 - 7,530,468 - 517 CCWTF Phase Two (351,328) 798,742 - (88,676) 1,685,550 2,044,288 (1,685,550) 358,738 Total Special Revenue Funds 10,829,424 7,404,144 5,172,670 (956,265) 1,503,020 13,607,653 (1,178,720) 12,428,933 Capital Improvements Fund - 972,596 - 972,596 - - -
Capital Improvements Fund - Disaster Projects - 1,233,956 - 1,233,956 - - - Total Capital Improvement Funds - 2,206,552 - 2,206,552 - - - - Legacy Park Project Fund 843,068 1,767,979 1,769,547 18,268,763 - 19,110,262 (18,263,548) 846,714 Total Legacy Fund 843,068 1,767,979 1,769,547 18,268,763 - 19,110,262 (18,263,548) 846,714 Civic Center Wastewater Treatment Facility 165,210 2,276,163 1,908,411 53,579,459 - 54,112,421 (53,765,572) 346,849 Total Civic Center Wastewater Treatment Fac. 165,210 2,276,163 1,908,411 53,579,459 - 54,112,421 (53,765,572) 346,849 Vehicle 170,305 250,272 153,473 - - 267,104 - 267,104
Information Technology 215,315 710,646 843,421 - - 82,540 - 82,540 Total Internal Service Funds 385,620 960,918 996,893 - - 349,644 - 349,644 Total All Funds $ 86,636,233 $ 67,427,352 $ 52,399,793 $ 70,322,314 0 $ $ 171,986,106 $ (70,503,737) $ 101,482,367 A-10
13

Page 1 of 2 ends

Agenda Item # 3.B.5.

Council Agenda Report
To: Mayor Uhring and the Honorable Members of the City Council Prepared by: Joseph D. Toney, Assistant City Manager
Reviewed by: Renée Neermann, Finance Manager
Approved by: Steve McClary, City Manager
Date prepared: January 24, 2023 Meeting date: February 12, 2024 Subject: Fiscal Year 2023-24 First Quarter Financial Report RECOMMENDED ACTION: Receive and file Fiscal Year (FY) 2023-24 First Quarter financial information.

FISCAL IMPACT: There is no fiscal impact associated with the recommended action. As of September 30, 2023, the projected budget General Fund Undesignated Reserve at June 30, 2024, is $58.6 million (unaudited).

STRATEGIC PRIORITY: This item is part of the day-to-day operations identified in the Adopted FY 2023-24 Strategic Priority Project List.

DISCUSSION: The attached report provides revenue, expenditure, and fund balance totals for the first quarter of FY 2023-24.

The Adopted Budget for FY 2023-24 maintained conservative budgeting principles. The first quarter of the fiscal year does not provide significant trends for projections.

Therefore, staff kept the projections at the budgeted amounts. The second quarter/midyear report will provide more insight into how the fiscal year is tracking.

Revenues
The Revenues by Fund Report (pages A 1-5) reflects General Fund revenues Received of $4.8 million or 8.4% of the annual budgeted amount for the fiscal year. Total revenue of all funds received during the first quarter is $5.7 million or 6.9% of the annual budgeted amount for the fiscal year. Many revenue sources are received on a quarterly or annual basis and, as such, will be reflected when the year-end report is presented.

City Council Meeting
02-12-24
Item

3.B.5.
1

Page 2 of 2 ends

Agenda Item # 3.B.5.

Expenditures
The Expenditure by Fund Report (pages A 6-9) does not yet reflect any budget carryovers from FY 2022-23 as these will be included at mid-year. General Fund expenditures for the first quarter total $7.8 million or 11.3% of the annual budgeted amount. Several large General Fund expenditures occur in the beginning of the fiscal year, including insurance and CalPERS liability payments. Expenditures for all funds total $9.1 million or 9.8% of the annual budgeted amount.

Fund Balances
Projected Fund Balances for the fiscal year end are reflected on page A-10. The projected Undesignated Fund Balance at June 30, 2024, includes all expenses appropriated as of September 30, 2023, by the Council. The City ended FY 2022-23 with $70.3 million in the budget Undesignated General Fund Reserve. As of September 30, 2023, the projected General Fund Undesignated Reserve at June 30, 2024, is $58.57 million. The City’s Projected General Fund Undesignated Reserve will be approximately 100.7% of the $58.17 million FY 2023-24 General Fund Program budget and will exceed the 65% targeted reserve amount.

The FY 2023-24 First Quarter Financial Report was reviewed by the Administration and Finance Subcommittee on January 17, 2024.

ATTACHMENTS: FY 2023-24 Q1 Financial Report
2 REVENUES BY FUND
September 30, 2023
Object Description
2023-24
Adopted
Amended
Budget
Received
09/30/2023
Percentage
Received
2023-24
Projected
100, 101, 102 & 103 General Fund
3111 Current Year Secured Property Tax $ 15,100,000 $ 15,100,000 $ 0.0% 15,100,000 - $ 3112 Current Year Unsecured Property Tax 425,000 425,000 0.0% 425,000 - 3113 Homeowner's Exemption 60,000 60,000 0.0% 60,000 -
3114 Prior Year Secured Property Tax 1,000 1,000 0.0% 1,000 - 3115 Prior Year Unsecured Property Tax 10,000 10,000 0.0% 10,000 - 3118 Property Tax In-Lieu 2,350,000 2,350,000 0.0% 2,350,000 - Revenue from Property Taxes 17,946,000 17,946,000 0.0% 17,946,000 - 3131 Documentary Transfer Tax 1,358,000 1,358,000 156,100 11.5% 1,358,000 3132 Utility User's Tax 2,500,000 2,500,000 410,489 16.4% 2,500,000 3133 Transient Occupancy Tax - Hotels and Motels 3,500,000 3,500,000 666,514 19.0% 3,500,000 3133-01 Transient Occupancy Tax - Private Rentals 6,000,000 6,000,000 11,173 0.2% 6,000,000 3134 Franchise Fees 750,000 750,000 76,554 10.2% 750,000 3137 Sales and Use Tax 8,400,000 8,400,000 668,802 8.0% 8,400,000 3138 Parking Occupancy Tax 600,000 600,000 84,538 14.1% 600,000 Revenue From Other Taxes 23,108,000 23,108,000 2,074,170 9.0% 23,108,000 3201 Alarm Permits 30,000 30,000 5,561 18.5% 30,000
3202 Film Permits 450,000 450,000 61,613 13.7% 450,000
3203 Building Permits 1,200,000 1,200,000 218,946 18.2% 1,200,000 3203-01 Code Enforcement - Special Investigations 21,000 21,000 9,763 46.5% 21,000 3204 Wastewater Treatment System Permits 40,000 40,000 12,040 30.1% 40,000 3205 Plumbing Permits 170,000 170,000 33,475 19.7% 170,000 3207 Mechanical Permits 120,000 120,000 22,219 18.5% 120,000 3208 Electrical Permit Fees 280,000 280,000 67,893 24.2% 280,000 3209 Grading/Drainage Permit Fees 90,000 90,000 23,175 25.8% 90,000 3210 Misc. Permits 10,000 10,000 1,828 18.3% 10,000
3418 OWTS Operating Permit Fees 450,000 450,000 91,476 20.3% 450,000 3420 Parking Permits 1,500 1,500 422 28.1% 1,500
3421 Planning Review Fees 1,200,000 1,200,000 394,232 32.9% 1,200,000 Revenue From Licenses and Permits 4,062,500 4,062,500 942,643 23.2% 4,062,500 3250 Parking Citation Fines 1,500,000 1,500,000 328,844 21.9% 1,500,000 Revenue From Fines and Forfeitures 1,500,000 1,500,000 328,844 21.9% 1,500,000 3316 Motor Vehicle In-Lieu Fees 15,000 15,000 - 0.0% 15,000 3318 Street Sweeping Reimbursements 51,678 51,678 0.0% 51,678 - 3313/3341 FEMA/OES Reimbursements 2,164,090 2,164,090 0.0% 2,164,090 - 3373 Proposition A Recreation - - 0.0% - -
3383 Measure A Recreation - - 0.0% - -
3381 LA County EWMP Reimbursement - - 0.0% - -
Revenue From Other Governments 2,230,768 2,230,768 0.0% - 2,230,768 3408 Biology Review Fees 235,000 235,000 70,627 30.1% 235,000 3409 Document Retention Fees 20,000 20,000 6,255 31.3% 20,000 3410 Building Plan Check Fees 1,200,000 1,200,000 280,550 23.4% 1,200,000 3410-01 Administrative Plan Check Processing Fee 45,000 45,000 16,638 37.0% 45,000 3410-03 Building Plan Check Fees - Dark Sky 650,000 650,000 0.0% 650,000 - 3411 Inspector Plan Check Fees 200,000 200,000 43,417 21.7% 200,000 3412 Geo Soils Engineering Fees 1,000,000 1,000,000 265,373 26.5% 1,000,000 3413 Other Plan Check Fees 35,000 35,000 10,355 29.6% 35,000 3414 Environmental Health Review Fees 550,000 550,000 164,734 30.0% 550,000 3415 Grading/Drainage Plan Review Fees 5,000 5,000 0.0% 5,000 - 3416 Code Enforcement Investigation Fees 80,000 80,000 35,555 44.4% 80,000 3419 Credit Card Fees 95,000 95,000 37,403 39.4% 95,000 3422 OWTS Practitioners Fees 8,000 8,000 275 3.4% 8,000 3425 CA Building Standards Surcharge 1,600 1,600 1,187 74.2% 1,600 3426 EIR Review Fees - - 0.0% - -
3427 Technology Enhancement Fee 95,000 95,000 26,173 27.6% 95,000 3431 Public Works/Engineering Fees 375,000 375,000 168,879 45.0% 375,000 3432 WQMP Fees 35,000 35,000 9,048 25.9% 35,000
3433 Banner Hanging Fees - - 0.0% - -
3434-01 Short-Term Rental Permit Fee 150,000 150,000 18,633 12.4% 150,000 3434-02 Short-Term Rental Violation Fines 2,000 2,000 0.0% 2,000 - 3435 Admin Permit Processing Fees 75,000 75,000 24,908 33.2% 75,000 3436 Electric Vehicle Charger Fees 4,000 4,000 1,582 39.6% 4,000 A-13

REVENUES BY FUND
September 30, 2023
Object Description
2023-24
Adopted
Amended
Budget
Received
09/30/2023
Percentage
Received
2023-24
Projected
General Fund (Continued)
3441 Sale of Publications and Materials 100 100 - 0.0% 100 3444 Returned Check Service Fees 500 500 160 32.0% 500
3446 Vehicle Release Impound Fees 75,000 75,000 39,216 52.3% 75,000 3447 Election Fees 1,000 1,000 - 0.0% 1,000
3448 Subpoena Fees 1,000 1,000 870 87.0% 1,000
3449 False Alarm Service Charge 12,000 12,000 1,098 9.2% 12,000 3450 Residential Decals 1,000 1,000 95 9.5% 1,000
3461 Municipal Facility Use Fees 80,000 80,000 12,364 15.5% 80,000 3464 Youth Sports Program 67,000 67,000 15,425 23.0% 67,000 3464-01 Girls Youth Sports 7,000 7,000 - 0.0% 7,000
3466 Aquatics Program 220,000 220,000 49,518 22.5% 220,000 3467 Day Camp 75,000 75,000 11,564 15.4% 75,000
3468 Senior Adult Program 30,000 30,000 7,802 26.0% 30,000 3469 Skate Park 50,000 50,000 10,815 21.6% 50,000
3470 Recreation/Community Class Registration 95,000 95,000 25,034 26.4% 95,000 3471/3472 Special Events 7,500 7,500 582 7.8% 7,500
Revenue From Service Charges 5,582,700 5,582,700 1,356,135 24.3% 5,582,700 3501 Interest Earnings 2,529,000 2,529,000 100,473 4.0% 2,529,000 3505 City Hall Use Fees 20,000 20,000 6,463 32.3% 20,000 Use of Money and Property 2,549,000 2,549,000 106,936 4.2% 2,549,000 3600 Proceeds from Grants - - 0.0% - -
3602 Proposition A Transportation Funds Exchange - - 0.0% - - 3901 Settlements 2,000 2,000 0.0% 2,000 -
3902 Legal Fees - - 0.0% - -
3904 TOT Private Rental Penalties 25,000 25,000 (8,009) -32.0% 25,000 3905 Miscellaneous Reimbursements 25,000 25,000 0.0% 25,000 - 3920 Donations 5,000 5,000 0.0% 5,000 -
3940 Sale of Surplus Property 1,000 1,000 362 36.2% 1,000 3930/3943 Miscellaneous Revenue 7,500 7,500 310 4.1% 7,500 Miscellaneous Revenue 65,500 65,500 (7,337) -11.2% 65,500 Total General Fund 57,044,468 57,044,468 4,801,391 8.4% 57,044,468 Special Revenue Funds
201 Gas Tax Fund
3315 Highway User's Fees 309,286 309,286 55,247 17.9% 309,286 3318 Traffic Congestion Relief - - 0.0% - -
3501 Interest Earnings 7,000 7,000 0.0% 7,000 -
Total Gas Tax Fund 316,286 316,286 55,247 17.5% 316,286 202 Traffic Safety Fund
3312 Fines & Forfeitures 200,000 200,000 17,720 8.9% 200,000 3501 Interest Earnings 10,000 10,000 0.0% 10,000 -
Total Traffic Safety Fund 210,000 210,000 17,720 8.4% 210,000 203 Proposition A Fund
3371 Prop A Funds 308,837 308,837 73,087 23.7% 308,837
3501 Interest Earnings 29,000 29,000 0.0% 29,000 -
Total Proposition A Fund 337,837 337,837 73,087 21.6% 337,837 204 Proposition C Fund
3372 Prop C Funds 256,172 256,172 60,680 23.7% 256,172
3501 Interest Earnings 9,000 9,000 0.0% 9,000 -
Total Proposition C Fund 265,172 265,172 60,680 22.9% 265,172 205 Measure R Fund
3374 Measure R Funds 192,129 192,129 45,434 23.6% 192,129 3501 Interest Earnings 9,000 9,000 0.0% 9,000 -
Total Measure R fund 201,129 201,129 45,434 22.6% 201,129 A-24

REVENUES BY FUND
September 30, 2023
Object Description
2023-24
Adopted
Amended
Budget
Received
09/30/2023
Percentage
Received
2023-24
Projected
206 Air Quality Management Fund
3377 AQMD Funds 15,000 15,000 - 0.0% 15,000
3501 Interest Earnings 5,000 5,000 - 0.0% 5,000
3943 Other Revenue - - - 0.0% -
Total Air Quality Management Fund 20,000 20,000 - 0.0% 20,000 207 Solid Waste Management Fund
3311 Solid Waste Management Surcharge 120,000 120,000 16,905 14.1% 120,000 3434 Recycling Fees 17,500 17,500 - 0.0% 17,500
3501 Interest Earnings 3,000 3,000 - 0.0% 3,000
3600 Grant Proceeds 5,000 5,000 - 0.0% 5,000
Total Solid Waste Management Fund 145,500 145,500 16,905 11.6% 145,500 208 Parkland Development Fund
3135 Parkland Development Fees 20,000 20,000 - 0.0% 20,000 3501 Interest Earnings 5,000 5,000 - 0.0% 5,000
3905 Miscellaneous Reimbursements - - - 0.0% -
Total Park Development Fund 25,000 25,000 - 0.0% 25,000 209 Quimby Fund
3501 Interest Earnings 100 100 - 0.0% 100
Total Quimby Fund 100 100 - 0.0% 100
211 COPS (Brulte) Grant Fund
3600 Proceeds From Grants (Brulte) 165,000 165,000 - 0.0% 165,000 Total COPS (Brulte) Fund 165,000 165,000 0.0% 165,000 - 212 Measure M Funds
3375 Measure M Funds 217,746 217,746 34,476 15.8% 217,746 3501 Interest Earnings 16,000 16,000 0.0% 16,000 -
Total Measure M Fund 233,746 233,746 34,476 14.7% 233,746 213 Road Maintenance and Rehabilitation Act (RMRA) Fund 3319 SB1 Annual Allocation 265,471 265,471 22,581 8.5% 265,471 3501 Interest Earnings 15,000 15,000 0.0% 15,000 -
Total RMRA Fund 280,471 280,471 22,581 8.1% 280,471
214 Art in Public Places Fund
3135 Art in Public Places Fees - - 0.0% - -
3501 Interest Earnings 1,000 1,000 0.0% 1,000 -
Total Art in Public Places Fund 1,000 1,000 0.0% 1,000 - 215 Community Development Block Grant Fund
3320/3320-01 Proceeds From Grants 66,000 66,000 0.0% 66,000 - 3600-01 Proceeds From Grants - Disaster Recovery - - 0.0% - - Total Comm. Dev. Block Grant Fund 66,000 66,000 0.0% 66,000 - 218 Measure W - LA County Stormwater Fund
3379 Measure W Annual Allocation 390,000 390,000 0.0% 390,000 - 3501 Interest Earnings 30,000 30,000 0.0% 30,000 -
Total Measure W - LA County Stormwater 420,000 420,000 0.0% 420,000 - 225 Grants Fund
3376 TDA 12,509 12,509 0.0% 12,509 -
3600 Proceeds From Grants 12,989,000 12,989,000 0.0% 12,989,000 - Total Grants Fund 13,001,509 13,001,509 0.0% 13,001,509 - 290 Big Rock LMD Fund
3116 Big Rock Mesa Assessment 356,470 356,470 0.0% 356,470 - 3501 Interest Earnings 3,000 3,000 0.0% 3,000 -
Total Big Rock LMD Fund 359,470 359,470 0.0% 359,470 -
Special Revenue Funds (Continued)
A-35

REVENUES BY FUND
September 30, 2023
Object Description
2023-24
Adopted
Amended
Budget
Received
09/30/2023
Percentage
Received
2023-24
Projected
291 Malibu Road LMD Fund
3116 Malibu Road Assessment 62,356 62,356 - 0.0% 62,356 3501 Interest Earnings 3,000 3,000 - 0.0% 3,000
Total Malibu Road LMD Fund 65,356 65,356 - 0.0% 65,356
292 Calle Del Barco LMD Fund
3116 Calle Del Barco Assessment 87,050 87,050 - 0.0% 87,050 3501 Interest Earnings 3,000 3,000 - 0.0% 3,000
Total Calle Del Barco LMD Fund 90,050 90,050 - 0.0% 90,050 715 Civic Center Water Treatment Facility AD
3501 Interest Earnings 97,000 97,000 45,543 47.0% 97,000 3915 Civic Center Water Treatment Facility AD 2, 2,587,519 587,519 - 0.0% 2,587,519 Total Civic Ctr Water Treatment Facility AD 2,684,519 2,684,519 45,543 1.7% 2,684,519 517 Civic Center Water Treatment Facility - Phase Two
3501 Interest Earnings 49,000 49,000 - 0.0% 49,000
3950 CCWTF - Phase Two Construction - Bond Proceeds - - - 0.0% - 2080 CCWTF - Phase Two Contributions - - - 0.0% -
Total Civic Ctr Water Treatment Facility AD 49,000 49,000 - 0.0% 49,000 712 Carbon Beach Undergrounding CFD Fund
3915 Carbon Beach Undergrounding Assessment 236,032 236,032 - 0.0% 236,032 3501 Interest Earnings 7,000 7,000 3 0.0% 7,000
Total Carbon Beach Undergrounding CFD 243,032 243,032 3 0.0% 243,032 713 Broad Beach Assessment District
3915 Broad Beach Undergrounding Assessment 141,710 141,710 - 0.0% 141,710 3501 Interest Earnings 3,000 3,000 1,814 60.5% 3,000
Total Broad Beach Undergrounding AD 144,710 144,710 1,814 1.3% 144,710 19,324,887 19,324,887 373,490 1.9% 19,324,887
500 Legacy Park Project Fund
3501 Interest Earnings 31,000 31,000 11 0.0% 31,000
3505 Proceeds from Rent 1,611,534 1,611,534 477,227 29.6% 1,611,534 3373 Prop A Recreation - - 0.0% - -
3383 Measure A Recreation - - 0.0% - -
3905 Miscellaneous Revenue 150,000 150,000 0.0% 150,000 - Total Legacy Park Project Fund 1,792,534 1,792,534 477,238 26.6% 1,792,534 Total Legacy Park Project Fund 1,792,534 1,792,534 477,238 26.6% 1,792,534 515 Civic Center Wastewater Treatment Facility O&M
3501 Interest Earning 32,000 32,000 0.0% 32,000 -
3510 Sewer Service Fees 2,300,000 2,300,000 25,277 1.1% 2,300,000 3915 Contributions-Property Owners - - 0.0% - -
Total CCWTF O&M 2,332,000 2,332,000 25,277 1.1% 2,332,000 Total CCWTF O&M Funds 2,332,000 2,332,000 25,277 1.1% 2,332,000 Special Revenue Funds (Continued)
Total Special Revenue Funds
A-46

REVENUES BY FUND
September 30, 2023
Object Description
2023-24
Adopted
Amended
Budget
Received
09/30/2023
Percentage
Received
2023-24
Projected
601 Vehicle Fund
3501 Interest Earnings 4,000 4,000 - 0.0% 4,000
3951 Vehicle Charges 120,000 120,000 - 0.0% 120,000
Total Vehicle Fund 124,000 124,000 - 0.0% 124,000
602 Information Technology Fund
3501 Interest Earnings 1,000 1,000 - 0.0% 1,000
3952 Information Technology Charges 1,159,596 1,159,596 - 0.0% 1,159,596 Total Information Technology Fund 1,160,596 1,160,596 0.0% 1,160,596 - Total Internal Service Funds 1,284,596 1,284,596 0.0% 1,284,596 - Total Revenue - All Funds $ 81,778,485 $ 81,778,485 $ 5,677,396 6.9% 81,778,485 $ Total 2023-24 Adopted budget: $ 81,778,485
Account Description Amount
Total Amendments -
Total Amendment Budget $ 81,778,485
Internal Service Funds
Reconciliation of adopted to amended budget
A-57
Adopted Budget Amended
Budget (1) YTD Actual % Spent 2023-24
Projected
General Fund
Management and Administration
7001 City Council $ 781,012 $ 781,012 $ 91,495 11.7% 781,012 $ 7002 Media Operations 785,244 785,244 124,569 15.9% 785,244 7003 City Manager 1,097,382 1,097,382 268,660 24.5% 1,097,382 7005 Legal Counsel 1,078,000 1,078,000 68,019 6.3% 1,078,000 7054 Finance 1,886,629 1,886,629 347,175 18.4% 1,886,629 7058 Human Resources 916,637 916,637 143,379 15.6% 916,637 7059 Non Departmental Services 4,187,976 4,187,976 1,569,148 37.5% 4,187,976 103-9050 City Hall 1,290,150 1,290,150 122,528 9.5% 1,290,150 9088 Vacant Land 302,675 302,675 0.0% 302,675 -
9050/9074/9088 Debt Service (City Hall / Trancas / Vacant Land) 3,184,151 3,184,151 0.0% 3,184,151 - Total Administrative Services 15,509,856 15,509,856 2,734,973 17.6% 15,509,856 City Clerk
7007 City Clerk 605,946 605,946 116,814 19.3% 605,946
Total City Clerk 605,946 605,946 116,814 19.3% 605,946
Public Safety
7021 Public Safety Services 16,388,082 16,388,082 1,473,031 9.0% 16,388,082 Total Public Safety 16,388,082 16,388,082 1,473,031 9.0% 16,388,082 Community Services
4001 General Recreation 914,757 914,757 155,036 16.9% 914,757 4002 Aquatics 476,168 476,168 68,917 14.5% 476,168
4003 Outdoor Recreation 50,445 50,445 7,817 15.5% 50,445 4004 Day Camps 136,614 136,614 66,578 48.7% 136,614
4005 Skate Park 192,362 192,362 17,236 9.0% 192,362
4006 Sports 139,460 139,460 15,351 11.0% 139,460
4007 Community Programs 155,807 155,807 25,806 16.6% 155,807 4008 Senior Adult Programs 222,323 222,323 42,079 18.9% 222,323 4010 Park Maintenance 1,740,604 1,740,604 190,271 10.9% 1,740,604 4011 Special Events 220,150 220,150 35,737 16.2% 220,150 4012 Cultural Arts 264,482 264,482 30,573 11.6% 264,482 Total Community Services 4,513,172 4,513,172 655,401 14.5% 4,513,172 Environmental & Sustainability Development
2004 Environmental & Building Safety 5,658,908 5,658,908 610,461 10.8% 5,658,908 2010 Wastewater Management 596,103 596,103 136,179 22.8% 596,103 3003 Clean Water Program 1,474,830 1,474,830 149,941 10.2% 1,474,830 3004 Solid Waste Management 334,552 334,552 86,325 0.0% 334,552 Total Env. & Community Development 8,064,393 8,064,393 982,906 12.2% 8,064,393 Planning Deparment
2001 Planning 4,850,158 4,850,158 796,614 16.4% 4,850,158 2012 Code Enforcement 838,804 838,804 151,477 18.1% 838,804 Total Planning Department 5,688,962 5,688,962 948,091 16.7% 5,688,962 Public Works/Engineering
3001 Street Maintenance 1,653,808 1,653,808 307,420 18.6% 1,653,808 3005 Fleet Operations 335,000 335,000 47,844 0.0% 335,000 3007 City Facilities 126,300 126,300 8,949 7.1% 126,300 3008 Public Works 2,068,830 2,068,830 296,894 14.4% 2,068,830 Total Public Works 4,183,938 4,183,938 661,107 15.8% 4,183,938 Disaster Response
3002 Fire Rebuilds and Storm Response 1,915,800 1,915,800 192,443 10.0% 1,915,800 9200 Woolsey Fire & Storm Response CIP Projects 2,774,266 2,774,266 2,957 0.1% 2,774,266 Total Disaster Response 4,690,066 4,690,066 195,400 4.2% 4,690,066 General Fund CIP
9000 General Fund Reserved for CIP 8,560,528 8,560,528 0.0% 8,560,528 - 9000 Case Crummer Reserved for CIP 327,472 327,472 0.0% 327,472 - Total Planning Department 8,888,000 8,888,000 0.0% 8,888,000 - Total General Fund 68,532,415 68,532,415 7,767,723 11.3% 68,532,415 (1) The amended budget column includes the original budget amount plus encumbrance carryovers and any additional appropriations

EXPENDITURES BY FUND
September 30, 2023
A-68

EXPENDITURES BY FUND
September 30, 2023
Adopted Budget Amended
Budget (1) YTD Actual % Spent 2023-24
Projected
Special Revenue Funds
3001 Street Maintenance 760,000 760,000 0.0% 760,000 -
3003 Clean Water Program 90,467 90,467 0.0% 90,467 -
3004 Solid Waste Management 150,000 150,000 0.0% 150,000 - 3005 Fleet Operations - - 0.0% - -
3007 Stormwater Treatment Facilities 100,000 100,000 0.0% 100,000 - 3008 Public Works 345,000 345,000 0.0% 345,000 -
3009 Transportation Services 196,500 196,500 8,863 4.5% 196,500 4010 Park Maintenance - - 0.0% - -
6002 Big Rock Mesa LMD 370,519 370,519 6,616 1.8% 370,519 6003 Malibu Road LMD 77,442 77,442 1,873 2.4% 77,442
6004 Calle del Barco LMD 83,632 83,632 1,842 2.2% 83,632 9048 Carbon Beach Undergrounding CFD 235,173 235,173 172,255 73.2% 235,173 9052 Broad Beach Undergrounding AD 143,168 143,168 96,692 67.5% 143,168 9049 Civic Center Wastewater Treatment Plant AD 2,316,716 2,316,716 173,724 7.5% 2,316,716 7021 Public Safety 165,000 165,000 22,668 13.7% 165,000 7070 Community Development Block Grant 101,100 101,100 19,854 19.6% 101,100 CCWTF Phase Two - - 0.0% - -
Total Special Revenue Funds 5,134,717 5,134,717 504,387 9.8% 5,134,717 Capital Project Funds
310 Capital Improvement Fund
9002 Annual Street Overlay 2,184,000 2,184,000 3,093 0.1% 2,184,000 9059 PCH Median Improvements 4,490,000 4,490,000 0.0% 4,490,000 - 9066 PCH Signal Synchronization Imp. 7,100,000 7,100,000 320,625 4.5% 7,100,000 9078 City Hall Solar Power 4,000,000 4,000,000 0.0% 4,000,000 9082 Westward Beach Road 320,000 320,000 0.0% 320,000 - 9090 Permanent Skate Park 1,066,000 1,066,000 0.0% 1,066,000 - 9097 Malibu Bluffs Park South Walkway 130,000 130,000 1,600 1.2% 130,000 9098 Trancas Cyn Park Play Resurfacing 95,000 95,000 0.0% 95,000 - 9100 PCH/Trancas Right Turn Lane 531,000 531,000 0.0% 531,000 - 9101 PCH Crosswalk Improvements 200,000 200,000 0.0% 200,000 - 9102 PCH Median Imp at Paradise Cove/Zuma 100,000 100,000 0.0% 100,000 - 9103 Kanan Dume Biofilter 500,000 500,000 0.0% 500,000 - 9105 City Traffic Signals Backup Power 50,000 50,000 0.0% 50,000 - 9106 Malibu Canyon Road Traffic Study 108,000 108,000 0.0% 108,000 - 9108 Harbor Vista Curb Return Modifications 100,000 100,000 0.0% 100,000 - 9109 PCH at Las Flores & Rambla Pacifico 160,000 160,000 0.0% 160,000 - 9110 Encinal Canyon 60" Storm Drain Repairs 1,000,000 1,000,000 0.0% 1,000,000 - 9111 Citywide Asphalt Concrete Berm Repairs 300,000 300,000 0.0% 300,000 - 9112 Bluffs & Equestrian Park Roof Replacements 400,000 400,000 0.0% 400,000 - 9113 Legacy Park Benches & Arbors 150,000 150,000 0.0% 150,000 - CIP General Fund Expenses (funding offset) (8,560,528) (8,560,528) - 0.0% (8,560,528) CIP Case Crummer Reserve (funding offset) (327,472) (327,472) 0.0% (327,472) - Total Capital Project Funds 14,096,000 14,096,000 325,318 2.3% 14,096,000 A-79

EXPENDITURES BY FUND
September 30, 2023
Adopted Budget Amended
Budget (1) YTD Actual % Spent 2023-24
Projected
Legacy Park Project Fund
500 7004 Legacy Park Debt Service 1,092,001 1,092,001 0.0% 1,092,001 - 7008 Legacy Park Operations 991,837 991,837 90,041 9.1% 991,837 Total Legacy Park Project Fund 2,083,838 2,083,838 90,041 4.3% 2,083,838 Civic Center Wastewater Treatment Facility Fund
515 3010 CCWTF Sewer Services 2,064,976 2,064,976 163,411 7.9% 2,064,976 Total CCWTF Fund 2,064,976 2,064,976 163,411 7.9% 2,064,976 Internal Service Funds
3005 Vehicle 84,000 84,000 14,403 17.1% 84,000
7060 Information Technology 1,204,410 1,204,410 227,531 18.9% 1,204,410 Total Internal Service Funds 1,288,410 1,288,410 241,934 18.8% 1,288,410 $ Total All Funds $ 93,200,356 $ 93,200,356 $ 9,092,814 9.8% 93,200,356 $ (1) The amended budget column includes the original budget amount plus encumbrance carryovers and any additional appropriations.

A-8 10

EXPENDITURES BY FUND
September 30, 2023
Total 2023-24 Adopted budget: $ 93,200,356
Account Description Project Amount Comment Date
-
Total 2023-24 Current Amended Budget: $ 93,200,356
Reconciliation of adopted to amended budget
A-9 11

PROJECTED FUND BALANCES
September 30, 2023
Budget Revenues Expenditures Transfers In/Out Fund Balance Non-Current/ Budget Fund Balance Projected Projected Budgeted Projected Unavailable Fund Balance FUND July 1, 2023 6/30/2024 6/30/2024 2023-24 June 30, 2024 Revenue June 30,2024 General Fund - Undesignated 70,304,116 $ 54,880,378 $ 54,954,349 $ (11,662,266) $ 58,567,879 $ - $ 58,567,879 $ General Fund - Designated for Contingencies 6,500,000 - - - 6,500,000 - 6,500,000 General Fund - Designated for CIPs 1,318,528 - 8,560,528 8,560,528 1,318,528 - 1,318,528 General Fund - SCE Settlement Woolsey Fire 6,710,988 - - - 6,710,988 - 6,710,988 Designated for Deferred Maintenance 1,078,510 - - - 1,078,510 - 1,078,510 Designated for Case (Crummer) Parcel 347,479 - 327,472 327,472 347,479 - 347,479 Designated for Water Quality Settlement 51,142 - - - 51,142 - 51,142 Designated for Housing Element Program 194,140 - - - 194,140 - 194,140 Designated for City Facilities - La Paz 500,000 - - - 500,000 - 500,000 Designated for FEMA Disaster Projects & CIP 505,324 2,164,090 4,690,066 2,774,266 753,614 - 753,614 Designated for American Rescue Plan - - - - - - -
Total General Fund 87,510,227 57,044,468 68,532,415 - 76,022,280 - 76,022,280 201 Gas Tax Fund 2,384 316,286 300,000 - 18,670 - 18,670 202 Traffic Safety Fund 207,405 210,000 200,000 - 217,405 - 217,405 203 Proposition A Fund 930,857 337,837 196,500 1,072,194 - 1,072,194 - 204 Proposition C Fund 295,850 265,172 65,000 (225,000) 271,022 - 271,022 205 Measure R Fund 224,683 201,129 100,000 (120,000) 205,812 - 205,812 206 Air Quality Management Fund 152,038 20,000 - - 172,038 - 172,038 207 Solid Waste Management Fund 6,534 145,500 150,000 - 2,034 - 2,034 208 Parkland Development In-Lieu Fund 161,662 25,000 - - 186,662 - 186,662 209 Quimby Fund 3,960 100 - - 4,060 - 4,060
211 COPS Brulte Grant Fund - 165,000 165,000 - - - -
212 Measure M Fund 368,617 233,746 140,000 (12,000) 450,363 - 450,363 213 RMRA (SB1) Fund 576,956 280,471 - (550,000) 307,427 - 307,427 214 Art in Public Places In-Lieu Fund 36,888 1,000 - - 37,888 - 37,888 215 Community Development Block Grant Fund - 66,000 101,100 - (35,100) - (35,100) 218 Measure W LA County Stormwater 537,292 420,000 190,467 (500,000) 266,825 - 266,825 225 Grants Fund 13,001,509 - 300,000 (12,689,000) 12,509 (12,509) - 290 Big Rock LMD 111,500 359,470 370,519 - 100,451 - 100,451 291 Malibu Road LMD 54,917 65,356 77,442 - 42,831 - 42,831 292 Calle Del Barco LMD 90,719 90,050 83,632 - 97,137 - 97,137 712 Carbon Beach Undergrounding CFD 501,641 243,032 235,173 - 509,500 - 509,500 713 Broad Beach Assessment District 275,824 144,710 143,168 - 277,366 - 277,366 715 CCWTF AD Phase One 7,530,468 2,684,519 2,316,716 7,898,271 - 7,898,271 - 517 CCWTF Phase Two 358,738 49,000 - - 407,738 - 407,738 Total Special Revenue Funds 12,428,933 19,324,887 5,134,717 (14,096,000) 12,523,103 (12,509) 12,510,594 310 Capital Improvements Fund - 14,096,000 - 14,096,000 - - - Total Capital Improvement Funds - 14,096,000 - 14,096,000 - - - Legacy Park Project Fund 846,714 1,792,534 2,083,838 - 555,410 - 555,410 Total Legacy Fund 846,714 1,792,534 2,083,838 - 555,410 - 555,410 Civic Center Wastewater Treatment Facility 346,849 2,332,000 2,064,976 - 613,873 - 613,873 Total Civic Center Wastewater Treatment Fac. 346,849 2,332,000 2,064,976 - 613,873 - 613,873 Vehicle 267,104 124,000 84,000 - 307,104 - 307,104
Information Technology 82,540 1,160,596 1,204,410 - 38,726 - 38,726 Total Internal Service Funds 349,644 1,284,596 1,288,410 - 345,830 - 345,830 Total All Funds $ 101,482,367 $ 81,778,485 $ 93,200,356 $ 90,060,496 - $ $ (12,509) $ 90,047,987 A-10 12

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Agenda Item # 3.B.6.

Council Agenda Report
To: Mayor Uhring and the Honorable Members of the City Council Prepared by: Renée Neermann, Finance Manager
Reviewed by: Joseph D. Toney, Assistant City Manager
Approved by: Steve McClary, City Manager
Date prepared: January 17, 2023 Meeting date: February 12, 2024 Subject: Annual Comprehensive Financial Report and Management Letter for Fiscal Year 2022-23
RECOMMENDED ACTION: Receive and file the Annual Comprehensive Financial Report (ACFR) for Fiscal Year 2022-23.

FISCAL IMPACT: There is no fiscal impact associated with the recommended action.

WORK PLAN: This item is part of the day-to-day operations identified in the Adopted FY 2023-24 Strategic Priority Project list.

DISCUSSION: The City’s independent auditors from the firm of Lance, Soll and Lunghard, LLP, have concluded their annual financial audit of the City for the fiscal year ending June 30, 2023, and have approved the issuance of the ACFR.

The ACFR reflects total governmental, combined fund balances of $88.4 million at June 30, 2023, which is an increase of $13.8 million from the prior year’s ending balance of $74.6 million. In comparison, FY 2021-22 had a net increase to fund balance of $15.0 million. Following are the key elements of the net $1.2 million year-to-year decrease in activity:

Revenues increased by a net of $3.1 million from the prior year (see Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balance, page 23):
• A net increase of $1.5 million in taxes: property taxes increased by $1.8 million from higher assessed values, and transient occupancy tax decreased by $0.8 City Council Meeting
02-12-24
Item

3.B.6.

Page 2 of 3 ends

Agenda Item # 3.B.6.
million resulting from fewer delinquency collections. Sales tax increased by $0.6 million. Utility user tax, franchise fees, and parking taxes all had smaller decreases and combine to account for the remaining $0.5 million net increase. • Intergovernmental revenues increased by $3.0 million. The most significant changes in intergovernmental revenues are grant-related. The City was allocated $2.8 million in ARPA monies and most of the allocation was recognized as revenue in the current year. In addition, the City recorded more disaster-related revenue in the current year.
• Interest income increased by $2.3 million due to rising interest rates throughout the fiscal year which causes an increase in the fair value of investments as of June 30; this resulted in unrealized gains, which are being recognized as investment income for the year.
• Other revenues decreased by $4.3 million mainly because of $3.7 million less in the current fiscal year for settlement agreements related to the Woolsey Fire. In addition, due to fewer properties being sold within the City, $0.6 million less was received in property transfer tax receipts.

Expenditures increased by $4.3 million in the fiscal year from the prior year (see Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balance, page 23):
• Small changes in legislative and advisory, general government, community services, public works, and principal and interest totaling a combined net increase of $1.0 million.
• Public safety costs increased by $0.6 million due to paying higher contracted fees for Los Angeles County Sheriff services and for performing increased homeless support services. In addition, the City had a wildfire resiliency program totaling $219,000 to remove hazardous trees that posed a fire danger within the City. This program was funded through grant revenue.
• Community development costs increased by $1.9 million over the prior year.

Notably, the City’s commitment to rebuilding from the Woolsey Fire as well as staff shortages resulted in higher costs for consultants.
• Capital outlay increased by $0.7 million from the prior year as more work was completed on disaster-related recovery projects.

Page 3 of 3 ends

Agenda Item # 3.B.6.

The General Fund is the chief operating fund of the City of Malibu and comprises approximately 96% of the governmental expenditures of the City in FY 2022-23. The General Fund Reserve totaled $85.2 million. Of that amount (see Governmental Funds Balance Sheet, page 21), $222,000 was prepaid items/advances to other funds; $58,000 was restricted for debt service; $194,000 was restricted for the Housing Element; $348,000 was restricted for Bluffs Park Improvements; $500,000 was restricted for City facilities; $1.3 million was committed for Capital Improvement Projects; $1.1 million was committed for deferred maintenance; $51,000 was committed for water quality settlement; $350,000 was assigned for Internal Services; $6.7 million was assigned for fire rebuild requirements; $6.5 million was assigned for contingencies; and $67.8 million was available as undesignated.

The City’s assets exceeded its liabilities at the close of the fiscal year by $236.4 million.

The 2022-23 Fiscal Year audit was conducted in accordance with generally accepted auditing standards. The auditors issued a management letter that had no major findings, indicating that the standards applicable to financial audits contained in the Government Auditing Standards have been adhered to by the City of Malibu.

ATTACHMENTS:

1. Audit Management Letter

2. Annual Comprehensive Financial Report (ACFR)
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Brea, CA 92821
(714) 672-0022
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www.lslcpas.com
INDEPENDENT AUDITOR’S REPORT
To the Honorable Mayor and Members of the City Council
City of Malibu, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of Malibu, California (the “City”), as of and for the year ended June 30, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

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

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

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

Attachment #1
To the Honorable Mayor and Members of the City Council
City of Malibu, California
Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

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

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

To the Honorable Mayor and Members of the City Council
City of Malibu, California
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying combining and individual fund financial statements and schedules (supplementary information) are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements.

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

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

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

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 20, 2023, 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 City’s internal control over financial reporting and compliance.

Brea, California
December 20, 2023

ANNUAL COMPREHENSIVE

FINANCIAL REPORT

CITY OF MALIBU
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
Attachment #2

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CITY OF MALIBU, CALIFORNIA

ANNUAL COMPREHENSIVE

FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
Prepared by:

City of Malibu
Management and Administrative Services Department
Joseph Toney, Assistant City Manager

CITY OF MALIBU, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT
For the Fiscal Year Ended June 30, 2023

TABLE OF CONTENTS

INTRODUCTORY SECTION
Letter of Transmittal ............................................................................................................ i City Officials...................................................................................................................... iv Certificate of Achievement for Excellence in Financial Reporting.....................................v Organization Chart............................................................................................................. vi

FINANCIAL SECTION
Independent Auditors’ Report..............................................................................................1 Management’s Discussion and Analysis .............................................................................5 BASIC FINANCIAL STATEMENTS:

Statement of Net Position ......................................................................................19 Statement of Activities...........................................................................................20 Balance Sheet – Governmental Funds...................................................................21 Reconciliation of the Balance Sheet of Governmental Funds...............................22 Statement of Revenues, Expenditures and Changes in
Fund Balances – Governmental Funds.......................................................23 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities – Governmental Funds...................................................................................24 Statement of Fund Net Position – Proprietary Funds............................................25 Statement of Revenues, Expenses and Changes in
Fund Net Position – Proprietary Funds .....................................................26 Statement of Cash Flows – Proprietary Funds.......................................................27 Statement of Fiduciary Net Position......................................................................28 Statement of Changes in Fiduciary Net Position ...................................................29 Notes to the Financial Statements..........................................................................30

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Proportionate Share of the Net Pension Liability ..........................................65 Schedule of Contributions - Defined Benefit Pension Plan...............................................66 Schedule of Changes in the Net OPEB (Asset)/Liability and Related Ratios...................67 Schedule of Contributions – OPEB Plan ...........................................................................68 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual & Next Year’s Budget - General Fund ...................................69 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual – Grants Special Revenue Fund..............................................70 Note to Required Supplementary Information...................................................................71

CITY OF MALIBU, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT
For the Fiscal Year Ended June 30, 2023

TABLE OF CONTENTS

SUPPLEMENTARY INFORMATION
Individual Fund Financial Statements and Schedules:

Governmental Funds:

Combining Balance Sheet – Non-major Governmental Funds .............................73 Combining Statement of Revenues, Expenditures and
Changes in Fund Balances – Non-major Governmental Funds.......................76 Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual – Individual Non-major Governmental Funds .................79 Enterprise Fund:

Schedule of Revenues, Expenses and Changes in Fund Net Position - Budget Actual (Budgetary Basis) – Commercial Real Estate Rental..........................97 Schedule of Revenues, Expenses and Changes in Fund Net Position - Budget Actual (Budgetary Basis) – Wastewater Treatment........................................98 Fiduciary Funds:

Combining Statement of Fiduciary Net Position...................................................99 Combining Statement of Changes in Fiduciary Net Position ..............................100

STATISTICAL SECTION (UNAUDITED)
Statistical Section Index
Net Position by Component.............................................................................................102 Changes in Net Position...................................................................................................104 Fund Balances of Governmental Funds...........................................................................106 Changes in Fund Balances of Governmental Funds........................................................108 Assessed Value of Taxable Property ...............................................................................110 Direct and Overlapping Property Tax Rates....................................................................111 Principal Property Tax Payers .........................................................................................112 Property Tax Levies and Collections...............................................................................113 Ratio of Outstanding Debt by Type .................................................................................114 Direct and Overlapping Governmental Bonded Debt......................................................115 Legal Debt Margin Information.......................................................................................116 Demographic and Economic Statistics............................................................................117 Full-Time Equivalent Government Employees by Function/Program............................118 Indicators of Demand or Level of Services .....................................................................119 Capital Asset Statistics by Function/Program..................................................................120

INTRODUCTORY SECTION
The Introductory Section of the Annual Comprehensive Financial Report provides general information on the City of Malibu, California’s structure and its personnel, as well as information useful in assessing the City’s financial condition. This section includes the following:
• Letter of Transmittal
• List of City Officials
• Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting
• City’s Organizational Chart

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City of Malibu
23825 Stuart Ranch Road, Malibu, California 90265-4861
(310) 456-2489 fax (310) 456-3356 www.malibucity.org
December 20, 2022
Honorable Mayor and City Council
City of Malibu, California
The Annual Comprehensive Financial Report (ACFR) of the City of Malibu for the fiscal year ending June 30, 2023, is hereby submitted. Responsibility for the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the City. To the best of our knowledge and belief, the information presented is accurate in all material aspects and is reported in a manner designed to present fairly the financial position and results of operations of the various funds of the City of Malibu. All disclosures necessary to enable the reader to gain an understanding of the City’s financial activities have been included.

The financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP) as promulgated by the Governmental Accounting Standards Board (GASB).

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

The City’s financial statements have been audited by Lance, Soll & Lunghard LLP, a public accounting firm fully licensed and qualified to perform audits of state and local governments within the State of California. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditors concluded, based upon the audit, that there was reasonable basis for rendering an unmodified opinion that the City of Malibu, California’s financial statements for the fiscal year ended June 30, 2023, are fairly presented in conformity with GAAP.

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. Malibu’s MD&A can be found immediately following the report of the independent auditors in the financial section of the ACFR. i
Profile of the City of Malibu
The City of Malibu was incorporated as a general law city on March 28, 1991, and operates under the council/manager form of government. Located in northwest Los Angeles County, the City encompasses over 20 square miles along the Pacific Ocean. Malibu has a population of approximately 13,000 residents, but with its miles of public beaches, more than 15 million people visit the City each year. The City provides a full range of services, some of which are contracted through outside agencies and/or firms. These services include law enforcement, highways and roads, recreation areas, planning and zoning, building and environmental safety, emergency preparedness, and general administrative services.

The City of Malibu has a rich and diverse history. Originally settled by the Chumash Indians, they named the stretch of beach at the mouth of the Malibu Creek “Humaliwo” or “the surf sounds loudly”. In 1802, Jose Tapia established a ranch in the area. Passed on through generations, it was eventually sold in 1891 to Fredrick Rindge. Seeking an ideal country home for his family, the private domain was guarded fiercely. Rindge’s widow, May, fought off an effort to route the Southern Pacific Railroad through Malibu by establishing her own private railroad. Later, the State of California succeeded in obtaining a right-of-way to build Pacific Coast Highway through the property. A final court battle in the late 1920s forced Rindge to begin leasing and then selling the property at the mouth of Malibu Creek. As most of the purchasers were movie stars, the area became known as the Malibu Movie Colony.

Today, Malibu is a predominantly rural residential community that has become a haven for those seeking to escape the urban life of Los Angeles. Its small commercial sectors consist of many quaint shops and restaurants that welcome locals and visitors alike. Programs and exhibits offered by the Los Angeles County Public Library, Pepperdine University, and the Weisman Museum of Art provide culturally enriching experiences.

Factors Affecting Financial Condition
Malibu's economy is heavily influenced by its climate. Visitors flock to the city's beaches in the summer, while the winter months bring rain and pounding surf that can cause landslides and make travel difficult. Since incorporating in 1991, Malibu has faced numerous disasters, including floods, fires, and an earthquake, which have put a significant strain on the city's finances. As a result, Malibu maintains a significant reserve in its General Fund. In November 2018, the Woolsey Fire, the largest fire in Los Angeles County's history, destroyed nearly 480 structures in Malibu, and the city is still working to recover from the disaster.

Despite the challenges, Malibu's economy rebounded quickly during the pandemic, thanks in part to multiple rounds of Federal stimulus. The real estate market saw an incredible acceleration due to low interest rates and cash-heavy buyers, resulting in higher-than-expected property tax growth for the city. Property tax is Malibu's largest revenue source. The economy has displayed incredible resilience post the COVID-19 pandemic. While there were positive indicators like job growth and increased consumer spending, challenges such as inflationary pressures, supply chain disruptions, and varying global recovery rates have posed ongoing concerns. Government policies and Federal Reserve strategies have been significant factors influencing the economic trajectory, with efforts focused on balancing growth while managing inflationary risks. The fabled “soft landing” is seemingly possible as the market is growing bullish during the fourth quarter of 2023. Nevertheless, the outlook remains uncertain due to the evolving nature of geopolitical tensions, and the complex interplay of global economic factors. Regardless, due to the inelasticity of property tax, the city should be on solid financial footing going forward. Malibu also relies heavily on grant funding to ii
undertake many of its capital projects and has successfully secured millions of dollars over the years from various agencies.

Other Information
Budgetary Controls. The City of Malibu maintains a budget control system to ensure compliance with the spending limits incorporated in the annual operating budget adopted by the City Council.

Activities of the general fund and special revenue funds are included in the annual appropriated budget. Project-length financial plans are adopted for the capital project funds. Budgetary control is maintained at the fund level for administrative and operating expenditures and the project level for capital improvements. Only the City Council has the authority to increase total appropriations within any fund, subject to the appropriations limitations established by State law. The City also maintains an encumbrance accounting system as one technique of accomplishing budgetary control.

Long-Term Financial Planning. The City prepares and adopts its budget on an annual basis.

Each budget, however, considers future years’ spending needs and revenue availability. Capital projects are budgeted using a multi-year planning approach and other major expenditures are evaluated and budgeted based on expectations of revenues and expenditures in future fiscal years.

The City maintains a strong General Fund reserve. As of June 30, 2023, the City had approximately $85.2 million in total General Fund reserves, which allows for flexibility in budget projections, and provides the City with funding in the event of an unexpected fiscal emergency in future years. The unassigned General Fund reserve is $67.8 million or 116.5% of Fiscal Year 2023- 24 General Fund operating expenditures ($58.2 million) and exceeds the City’s goal of maintaining a minimum of 50% of the fund’s operating expenses.

Awards and Acknowledgements
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Malibu for its ACFR for the fiscal year ended June 30, 2022. To be awarded a Certificate of Achievement, the City must publish an easily readable and efficiently organized ACFR. This report must satisfy both generally accepted accounting principles and applicable legal requirements.

The Certificate of Achievement from the GFOA is valid for a period of one year. City staff believes that this current Annual Comprehensive Financial Report continues to meet the Certificate of Achievement Program’s requirements and will submit it to the GFOA to determine its eligibility for another certificate.

The preparation of this report could not have been accomplished without the efficient and dedicated services of the Management and Administrative Services Department staff. Special acknowledgment is given to Renée Neermann, Julie Matsumoto, and the staff of Lance, Soll, & Lunghard LLP, the City’s independent auditors. I would also like to thank the City Manager, Mayor, and members of the City Council for their support in planning and conducting the operations of the City in a responsible and progressive manner.

Respectfully submitted,
Joseph D. Toney
Assistant City Manager
iii

CITY OF MALIBU, CALIFORNIA

LIST OF CITY OFFICIALS
JUNE 30, 2023
_________________________________________________________________________

CITY COUNCIL

MAYOR PAUL GRISANTI

MAYOR PRO TEM BRUCE LEE SILVERSTEIN

COUNCIL MEMBER KAREN FARRER

COUNCIL MEMBER MIKKE PIERSON

COUNCIL MEMBER STEVE UHRING

DEPARTMENT OFFICIALS
CITY MANAGER STEVE McCLARY

ASSISTANT CITY MANAGER JOSEPH TONEY

CITY CLERK KELSEY PETTIJOHN

ENVIRONMENTAL SUSTAINABILITY DIRECTOR YOLANDA BUNDY

PLANNING DIRECTOR RICHARD MOLLICA

COMMUNITY SERVICES DIRECTOR KRISTIN RIESGO

PUBLIC WORKS DIRECTOR ROB DUBOUX

INTERIM CITY ATTORNEY TREVOR RUSIN
iv
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Malibu
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2022
Executive Director/CEO
v
Fiscal Year 2023-24 Adopted Organizational Chart

CITY COUNCIL
City Treasurer
City Attorney City Commissions
City Committees
City Manager
Capital Projects
Engineering
Public Works
Street
Maintenance
Water Treatment
Facilities
Community Support
Cultural Arts
Parks Management
Recreation
Senior Services
Building Safety
Water Quality
Wastewater
Management
Environmental
Services
Code
Enforcement
Current Planning
Long Range
Planning
Administration
Human Resources
Media Operations
Finance/Accounting
Information Systems

ADMINISTRATION PUBLIC WORKS COMMUNITY SERVICES ENVIRONMENTAL

SUSTAINABILITY PLANNING PUBLIC SAFETY
City Clerk
Elections
Records
Management

CITY CLERK
Emergency
Services
LA County Fire
LA County Sheriff’s
Department
LA County Animal
Control
Volunteer Services
Homelessness
Services
Assistant City Manager
Deputy City Manager
Malibu Residents
vi

FINANCIAL SECTION
The Financial Section of the Annual Comprehensive Financial Report contains the following:
• Independent Auditor’s Report
• Required Supplementary Information – Management Discussion and Analysis (MD&A)

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

In 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.
1 To the Honorable Mayor and Members of the City Council City of Malibu, California
Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison schedules for the General Fund and major special revenue funds, and the required pension and other postemployment benefits schedules, as listed on the table of contents, presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. 2 To the Honorable Mayor and Members of the City Council City of Malibu, California
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying combining and individual fund financial statements and schedules (supplementary information) 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.

Brea, California
December 20, 2023
3 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS
JUNE 30, 2023
As management of the City of Malibu, we offer readers of the City of Malibu’s financial statements this narrative overview and analysis of the financial activities for the fiscal year ended June 30, 2023. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal, which can be found in the introductory section of this report.

Financial Highlights
Government-wide Statements:
 Assets and deferred outflows of resources exceed liabilities and deferred inflows of resources at the close of the year ended June 30, 2023, by $236.4 million (net position). Of this amount, $83.3 million (unrestricted net position) may be used to meet the government’s ongoing obligations to citizens and creditors.  The City’s total net position increased by $11.7 million as a result of revenues exceeding expenses.

Fund Level Statements:
 As of June 30, 2023, the City’s governmental funds reported a combined ending fund balance of $88.4 million, an increase of $13.8 million over the prior year. Of this amount, $66.1 million is available for spending at the government’s discretion (unassigned fund balance).
 As of June 30, 2023, the General Fund reported an ending fund balance of $85.2 million, an increase of $13.0 million over the prior year. Of this amount, $67.8 million is available for spending at the government’s discretion (unassigned fund balance).
 As of June 30, 2023, the City’s proprietary funds reported a combined ending net position of $75.3 million, a decrease of $1.3 million from the prior year. Of this amount, $4.6 million is available for spending at the government’s discretion (unrestricted net position).

Overview of the Financial Statements
This discussion and analysis is required supplementary information and serves as an introduction to the City’s basic financial statements which are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. Other required supplementary information (RSI) follows the notes to the financial statements. This report contains other supplementary information in addition to the basic financial statements and RSI.

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.
5 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS (Continued)
June 30, 2023
The statement of net position presents information on all of the City’s assets and deferred outflows of resources as well as on liabilities and deferred inflows of resources. The amount by which assets and deferred outflows of resources exceed liabilities and deferred inflows of resources is 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 of Malibu is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the fiscal year. All changes in net position are reported as soon as the underlying event 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 (for example, uncollected grants and earned but unused vacation leave).

Both of the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include legislative and advisory, general government, public safety, community development, community services, and public works. Business-type activities are comprised of commercial real estate rental properties and wastewater services.

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

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 state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into three categories: governmental funds, enterprise funds, and fiduciary funds.

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

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 inflows and outflows of spendable resources and 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 governmentwide 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 governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.
6 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS (Continued)
June 30, 2023
The City of Malibu maintains several individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the General Fund, the Grants Fund, and the Capital Improvements Fund, all of which are considered to be major funds. Data from all other governmental funds is combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided as supplementary information elsewhere in this report.

The City of Malibu adopts an annual appropriated budget for the governmental funds, excluding Capital Projects Funds. A budgetary comparison schedule is provided for each governmental fund which has an annual budget to demonstrate compliance with that budget. These budgetary comparison schedules are included as required supplementary information for major funds and as supplementary information for nonmajor funds.

Proprietary funds. Like the government-wide financial statements, the proprietary fund type provides both long-term and short-term financial information using the economic resources measurement focus. The City of Malibu reports two proprietary funds: the Commercial Real Estate Rental Fund and the Wastewater Treatment Fund. Both are major enterprise funds and, as such, information is presented separately for each fund in the proprietary fund statements. The fund statements provide detailed information about the net position, operating statements, and cash flows of each business-type activity. In addition, the City adopts an annual budget for these enterprise funds, and budgetary comparison schedules have been provided in the supplementary information section.

Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of these funds are not available to support the City’s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The City reports three custodial funds to account for monies held by the City as an agent for property owners with special assessments.

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. The notes to the financial statements can be found in the financial section of this report following the fund financial statements.

Supplementary information. In addition to the basic financial statements and accompanying notes, this report presents certain required supplementary information.

Required supplementary information is found immediately following the notes to the financial statements. Optional supplementary information is presented as combining and individual statements for other funds. This optional supplementary information can be found immediately following the required supplementary information. 7 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS (Continued)
June 30, 2023
Government-wide Financial Analysis
City of Malibu Net Position
As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. In the case of the City of Malibu, net position was $236.4 million at June 30, 2023, an increase of $11.7 million over the prior year’s ending net position. The excess of revenues over expenses will be analyzed in conjunction with the Statement of Activities.

The largest portion of the City’s net position ($146.5 million or 62%) reflects its net investment in capital assets (for example, land, infrastructure, buildings, and equipment).

The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending.

An additional portion of the City’s net position ($6.6 million or 3%) represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position ($83.3 million or 35%) may be used to meet the city’s ongoing obligations to citizens and creditors.

City of Malibu Changes in Net Position
Following is a summary of the government-wide Statement of Activities. This table illustrates the $11.7 million increase in the City’s net position resulting from revenues of $62.6 million exceeding expenses of $50.9 million. Discussion regarding significant changes in revenues and expenses follows the table.
30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 Current assets $ 102,511,696 $ 89,123,407 4,016,747 $ 2,904,680 $ 106,528,443 $ 92,028,087 Other long-term assets - 976,265 30,974,888 31,536,566 30,974,888 32,512,831 Capital assets 129,067,940 129,631,012 85,247,039 87,532,234 214,314,979 217,163,246 Total assets 231,579,636 219,730,684 120,238,674 121,973,480 351,818,310 341,704,164 Deferred charge on refunding 1,329,392 1,436,007 408,174 450,448 1,737,566 1,886,455 Deferred outflows from OPEB 1,107,315 1,245,797 - - 1,107,315 1,245,797 Deferred outflows from pension 4,783,070 2,045,516 - - 4,783,070 2,045,516 Total deferred outflows 7,219,777 4,727,320 408,174 450,448 7,627,951 5,177,768 Long-term liabilities 64,278,999 59,329,420 11,187,680 11,840,755 75,466,679 71,170,175 Other liabilities 12,248,737 12,472,493 4,631,026 3,850,424 16,879,763 16,322,917 Total liabilities 76,527,736 71,801,913 15,818,706 15,691,179 92,346,442 87,493,092 Deferred inflows from leases - - 29,561,171 30,117,634 29,561,171 30,117,634 Deferred inflows from OPEB 622,546 1,821,551 - - 622,546 1,821,551 Deferred inflows from pension 493,698 2,773,424 - - 493,698 2,773,424 Total deferred inflows 1,116,244 4,594,975 29,561,171 30,117,634 30,677,415 34,712,609 Net investment in capital assets 75,848,115 75,315,420 70,687,533 73,111,927 146,535,648 148,427,347 Restricted 6,546,228 5,993,600 927 11 6,547,155 5,993,611 Unrestricted 78,761,090 66,752,096 4,578,511 3,503,177 83,339,601 70,255,273 Total net position $ 161,155,433 $ 148,061,116 $ 75,266,971 $ 76,615,115 $ 236,422,404 $ 224,676,231 Governmental Activities Business-type Activities Total
8 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS (Continued)
June 30, 2023
Governmental activities. Governmental activities increased the City’s net position by $13.1 million during the fiscal year in contrast to the prior year’s increase of $16.3 million, resulting in a net decrease of $3.2 million from the prior year. The following are key elements of this change over the prior year:
 During the current year, revenues increased by $3.3 million. The most significant changes were as follows:
• Operating grants increased by $2.8 million. During FY 2022-23, the City recognized as revenue the majority of the $2.8 million in ARPA monies that were received in the prior and current years.
• Property taxes increased by $1.8 million due to higher assessed values. • Other revenues decreased by $2.6 million. The most significant items in this category include 1) $4.2 million less revenue was recorded in the current year for settlement agreements related to the Woolsey Fire, 2) $0.6 million less was received in property transfer tax receipts due to fewer properties being sold, and 3) $2.2 million more was received in interest income due to changes in interest rates.
 Expenses increased by $6.5 million over the prior year. The most significant changes were as follows:
• General government costs increased by $3.6 million with the majority of that increase due to annual pension and OPEB adjustments resulting from updated actuarial valuations.
30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 Program revenues:

Charges for services $ 11,548,406 $ 10,907,133 $ 3,834,799 $ 3,748,153 $ 15,383,205 $ 14,655,286 Operating contributions and grants 5,212,991 2,366,064 - 160,226 5,212,991 2,526,290 Capital contributions and grants 701,556 312,535 - - 701,556 312,535 General revenues:

Property taxes 17,858,262 16,054,850 - - 17,858,262 16,054,850 Other taxes 20,295,617 20,028,925 - - 20,295,617 20,028,925 Other revenues 2,898,363 5,528,268 258,085 89,537 3,156,448 5,617,805 Total revenues 58,515,195 55,197,775 4,092,884 3,997,916 62,608,079 59,195,691 Expenses:

Legislative and advisory 1,712,824 1,861,401 - - 1,712,824 1,861,401 General government 9,131,480 5,562,399 - - 9,131,480 5,562,399 Public safety 11,962,075 11,174,023 - - 11,962,075 11,174,023 Community development 8,762,655 6,845,619 - - 8,762,655 6,845,619 Community services 3,593,994 3,146,891 - - 3,593,994 3,146,891 Public works 8,198,618 8,188,281 - - 8,198,618 8,188,281 Interest on long-term debt 2,059,232 2,100,970 - - 2,059,232 2,100,970 Commercial real estate rental - - 2,490,154 2,455,195 2,490,154 2,455,195 Wastewater treatment - - 2,950,874 2,941,637 2,950,874 2,941,637 Total expenses 45,420,878 38,879,584 5,441,028 5,396,832 50,861,906 44,276,416 Excess/(deficiency) before transfers 13,094,317 16,318,191 (1,348,144) (1,398,916) 11,746,173 14,919,275 Transfers - 3,560 - (3,560) - -
Increase/(decrease) in net position 13,094,317 16,321,751 (1,348,144) (1,402,476) 11,746,173 14,919,275 Net position - July 1 148,061,116 131,739,365 76,615,115 78,017,591 224,676,231 209,756,956 Net position - June 30 $ 161,155,433 $ 148,061,116 $ 75,266,971 $ 76,615,115 $ 236,422,404 $ 224,676,231 Governmental Activities Business-type Activities Total
9 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS (Continued)
June 30, 2023
• Public safety costs increased by $0.8 million due to paying higher contracted fees for Los Angeles County Sheriff services and for performing increased homeless support services.
• Community development costs increased by $1.9 million due to an increased level of permits being submitted for review for building activities and events in the community, a reorganization of staff from performing disaster-related permit and review work back to departmental work, and higher costs for professional services for implementing the City’s new ordinance for preventing night-time light pollution.

Business-type activities. Business-type activities are financed primarily by fees charged to external parties for goods and services. The City reports two proprietary funds: the commercial real estate rental enterprise fund and the wastewater treatment enterprise fund. Business-type activities decreased the City’s net position by $1.3 million during the current year in contrast to the prior year’s decrease of $1.4 million.

Both of the proprietary funds had similar expenses as in the prior year. The reason for the overall change is due to higher charges for services revenues resulting from higher rental fees and sewer service fees in the current year.

Revenues by Source (Government-wide)
Operating Grants
& Contributions
8%
Charges for
Services
25%
Capital Grants
& Contributions
Sales Tax 1%
10% Utility Users
Tax 5%
Transient
Occupancy Tax
15%
Property Taxes
29%
Other
Taxes 2%
Other
5%
10 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS (Continued)
June 30, 2023
Expenses and Program Revenues (Government-wide)
The previous two charts illustrate the City’s overall expenses and revenues by source (including both governmental and business-type activities). General revenues such as property, utility users, and sales taxes are not shown by program, but are effectively used to support program activities citywide. In the current year, tax revenue was the largest single source of funds for the City (61%) followed by charges for services (25%); the remaining sources of funds were from grants and contributions (9%) and miscellaneous other revenues (5%).

Public safety is the largest expense function, accounting for 24% of the total. General government is second at 18%, followed by community development at 17% and public works at 16%. Community services accounted for 7%, wastewater services accounted for 6%, and commercial real estate rentals accounted for 5%. The remaining expense functions of legislative and advisory and interest on long-term debt together accounted for the remaining 7% of costs.

Financial Analysis of the City’s Funds
At the end of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $88.4 million, an increase of $13.8 million over the prior year’s ending balance of $74.6 million. In comparison, Fiscal Year 2021-22 had a net increase to fund balance of $15.0 million. Following are the key elements of the net $1.2 million year-to-year decrease in activity:
 Revenues increased by $3.6 million over the prior year with the most significant changes occurring in the following categories:
• Taxes increased by $1.5 million. Property taxes increased by $1.8 million from higher assessed values; transient occupancy taxes decreased by $0.8 million due to fewer delinquency collections; and sales taxes increased by $0.6 million. Utility users tax, franchise fees, and parking taxes all had smaller changes.
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
Legislative and
Advisory
General
Government
Public Safety Community
Development
Community
Services
Public Works Interest on
long-term debt
Commercial
real estate
rental
Wastewater
treatment
Expenses
Program Revenues
11 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS (Continued)
June 30, 2023
• Intergovernmental revenues increased by $3.0 million. The City receives many types of grants and similar types of intergovernmental funding. This revenue varies from year to year based on the projects and activities that are being funded by grants. The City was allocated $2.8 million in ARPA monies and the majority of the allocation was recognized as revenue in the current year. In addition, the City recorded more disaster-related revenue in the current year. • Interest income increased by $2.3 million due to changing interest rates throughout the fiscal year causing an increase in the fair value of investments as of June 30, which then resulted in unrealized gains being recognized as investment income for the year.
• Other revenues decreased by $4.3 million mainly as a result of receiving $3.7 million less in the current year for settlement agreements related to the Woolsey Fire. In addition, due to fewer properties being sold within the City, $0.6 million less was received in property transfer tax receipts in the current year.
 Expenditures increased by $4.3 million in the following categories:
• Small changes in legislative and advisory, general government, community services, public works, and principal and interest totaling a combined net increase of $1.0 million.
• Public safety costs increased by $0.6 million due to paying higher contracted fees for Los Angeles County Sheriff services and for performing increased homeless support services.
• Community development costs increased by $1.9 million due to an increased level of permits being submitted for review for building activities and events in the community, a reorganization of staff from performing disaster-related permit and review work back to departmental work, and higher costs for professional services for implementing the City’s new ordinance for preventing night-time light pollution.
• Capital outlay increased by $0.7 million over the prior year as more work was done on disaster-related recovery projects in the current year.

The governmental funds’ combined ending fund balance totals $88.4 million.

Approximately 75% ($66.1 million) of this amount constitutes unassigned fund balance which is available for spending at the City’s discretion. The remainder of the combined ending fund balances is non-spendable, restricted, committed, or assigned to indicate that it is not available for new spending because it has already been designated as 1) Nonspendable for prepaid items and long-term receivables ($0.2 million), 2) Restricted for special revenue funds, debt service, and other specific purposes ($4.9 million), 3) Committed for capital improvement projects, city facilities, and water quality improvements ($3.6 million), 4) Assigned for vehicle and technology replacement, working capital, next year’s operations, and fire rebuilding efforts ($13.6 million).

General Fund. The General Fund is the chief operating fund of the City of Malibu and comprises approximately 96% of the governmental expenditures of the City in the current year. At the end of the current fiscal year, the unassigned fund balance of the General 12 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS (Continued)
June 30, 2023
Fund was $67.8 million while the total fund balance was $85.2 million. As a measure of the General Fund’s liquidity, it can be useful to compare unassigned fund balance to total fund expenditures. The General Fund’s unassigned fund balance represents 158% of the General Fund’s Fiscal Year 2022-23 expenditures.

The General Fund’s fund balance increased in Fiscal Year 2022-23 by $13.0 million, while the prior year’s fund balance increased by $14.1 million. Because the General Fund comprises such a large part of the overall governmental revenues and expenditures of the City, many of the reasons for this $1.1 million year-to-year change in the General Fund are similar to the reasons previously explained as changes in the overall governmental funds.
 Revenues increased by $3.2 million with the most significant changes occurring in the following categories:
• Taxes increased by $1.5 million. Property taxes increased by $1.8 million from higher assessed values; transient occupancy taxes decreased by $0.8 million due to fewer delinquency collections; and sales taxes increased by $0.6 million. Utility users tax, franchise fees, and parking taxes all had smaller changes.
• Intergovernmental revenues increased by $3.2 million. The City receives many types of grants and similar types of intergovernmental funding. This revenue varies from year to year based on the projects and activities that are being funded by grants. The City was allocated $2.8 million in ARPA monies and the majority of the allocation was recognized as revenue in the current year. In addition, the City recorded more disaster-related revenue in the current year. • Interest income increased by $2.2 million due to changing interest rates throughout the fiscal year causing an increase in the fair value of investments as of June 30, which then resulted in unrealized gains being recognized as investment income for the year.
• Other revenues decreased by $4.3 million mainly as a result of receiving $3.7 million less in the current year for settlement agreements related to the Woolsey Fire. In addition, due to fewer properties being sold within the City, $0.6 million less was received in property transfer tax receipts in the current year.
 Expenditures increased by $4.4 million in the following categories:
• Small changes in legislative and advisory, general government, community services, public works, and principal and interest totaling a combined net increase of $1.0 million.
• Public safety costs increased by $0.6 million due to paying higher contracted fees for Los Angeles County Sheriff services and for performing increased homeless support services.
• Community development costs increased by $1.7 million due to an increased level of permits being submitted for review for building activities and events in 13 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS (Continued)
June 30, 2023
the community, a reorganization of staff from performing disaster-related permit and review work back to departmental work, and higher costs for professional services for implementing the City’s new ordinance for preventing night-time light pollution.
• Capital outlay increased by $1.0 million over the prior year as more work was done on disaster-related recovery projects in the current year.  Other financing sources and uses increased by $0.1 million due to smaller transfers from other funds in the prior year.

Grants Special Revenue Fund. This fund is used to account for grants received from other governmental agencies. The majority of funds received are transferred to the Capital Improvements Fund for capital project funding. The deficit fund balance at fiscal year-end is expected to be eliminated with grant revenue.

Capital Improvements Capital Projects Fund. This fund is used to account for the acquisition, construction, and repair of major facilities and is fully funded by monies transferred from other funds.

Commercial Real Estate Rental Enterprise Fund. This fund is used to account for the commercial real estate rental activity. All revenues and expenses are for the commercial real estate rental program. Activity does not vary much from year to year as the properties have long-term rental leases. Additional information on the rental leases can be found in the Lease Receivable Note (Note 6) of the notes to the financial statements.

Wastewater Treatment Enterprise Fund. This fund is used to account for the construction and operation of a wastewater treatment facility. Phase One of the construction was completed in early Fiscal Year 2018-19, and customers in the civic center area are connected to the new facility. The City is currently designing Phase Two of the facility.

Budgetary Highlights
In preparing its budgets, the City attempts to estimate its revenues using realistic but conservative methods to budget its expenditure appropriations and activities prudently. As a result, the City Council adopts budget adjustments throughout the fiscal year to reflect both changed priorities and the availability of additional revenues to allow for expansion of existing programs. During the year, the City Council amended the originally adopted budget to re-appropriate prior year approved projects and expenditures in addition to increasing appropriations for various items as identified in the Notes to Required Supplementary Information. Supplemental appropriations were required and approved by the City Council for the General Fund which increased the originally adopted budget of $49.0 million to $52.6 million. The majority of the budget amendments were for carryover appropriations from the prior year, increased costs related to storm response and cleanup after heavy rains, higher public safety contracted costs, and higher costs related to permitting and review of building projects in the community.

General Fund. The General Fund had a $10.1 million positive net budget variance for revenues and expenditures when comparing actual amounts to the final budget for the current fiscal year. This amount reflects a positive variance of $0.5 million in revenues and 14 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS (Continued)
June 30, 2023
$9.6 million in expenditures. The largest variances are attributed to higher tax revenues, lower grant revenue, and a larger amount of investment income revenue. The positive expenditure variance resulted from expenditures coming in under the final budget in all categories.

Capital Asset and Debt Administration
Capital assets. The City’s capital assets for governmental and business-type activities as of June 30, 2023, totaled $214.3 million (net of accumulated depreciation), a net decrease of $2.9 million. The capital assets include land, intangible assets, roadways, buildings, leasehold improvements, storm drains, vehicles, computers and other equipment, furniture, and construction in progress. Capital asset additions totaled $1.3 million, net deletions were $0.1 million, and depreciation expense totaled $4.1 million.

City of Malibu Capital Assets (net of depreciation)
Additional information on the City’s capital assets can be found in the Capital Assets Note (Note 3) of the notes to the financial statements.

Long-term debt. At the end of the current fiscal year, the City of Malibu had total debt outstanding of $71.2 million. There were additions to debt during the year for agreements for new right-to-use assets.

City of Malibu Outstanding Debt
In conjunction with the Malibu Public Financing Corporation, in prior years the City issued certificates of participation (COP) for the Legacy Park acquisition and construction as well as for the acquisition and improvement of a civic center building and property acquisitions of Trancas Field, Sycamore Village Parcel, Island Parcel, and Point Dume Parcel. The debt service on the Legacy Park debt is expected to be funded within the enterprise fund through the collection of rent from commercial tenants. The debt service on the certificates of participation for the Civic Center and land acquisitions are budgeted for and paid from the General Fund.
30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 Land $ 69,556,508 $ 69,556,508 $ 17,325,848 $ 17,325,848 $ 86,882,356 $ 86,882,356 Right of Way 24,045,543 24,045,543 - - 24,045,543 24,045,543 Construction in Progress 1,616,394 1,436,154 3,685,017 3,577,341 5,301,411 5,013,495 Buildings 13,678,852 14,418,001 63,921,658 66,302,758 77,600,510 80,720,759 Right-to-use Assets 92,157 67,564 - - 92,157 67,564
Equipment and Furniture 691,327 593,244 - - 691,327 593,244 Vehicles 285,934 297,034 - - 285,934 297,034
Infrastructure 19,101,225 19,216,964 314,516 326,287 19,415,741 19,543,251 Total $ 129,067,940 $ 129,631,012 $ 85,247,039 $ 87,532,234 $ 214,314,979 $ 217,163,246 Governmental Activities Business-type Activities Total
30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 Employee compensated absences $ 688,595 $ 605,578 $ - $ - $ 688,595 $ 605,578 Liabilities for right-to-use assets 77,231 53,063 - - 77,231 53,063 Certificates of participation, net 54,467,181 55,698,536 11,187,680 11,840,755 65,654,861 67,539,291 Net OPEB liability 538,399 - - - 538,399 -
Net pension liability 8,507,593 2,972,243 - - 8,507,593 2,972,243 Total $ 64,278,999 $ 59,329,420 $ 11,187,680 $ 11,840,755 $ 75,466,679 $ 71,170,175 Governmental Activities Business-type Activities Total
15 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS (Continued)
June 30, 2023
The amount of general obligation debt a governmental entity may issue is limited by state statutes to a maximum of 15% of the entity’s total assessed valuation. The City of Malibu currently has no general obligation debt, and therefore, has no debt that is applicable to the limit. Additional information on the City’s long-term debt can be found in the LongTerm Debt Note (Note 4) of the notes to the financial statements.

Economic Factors and Next Year’s Budget
In Fiscal Year 2023-24, the City remains committed to a fiscally conservative approach with a balanced budget and bolstering the General Fund reserve. While the past fiscal years were shaped by recovery efforts from the Woolsey Fire and the aftermath of the COVID-19 pandemic, the Fiscal Year 2022-23 budget stabilized, and the Fiscal Year 2023-24 budget was constructed on that foundation with growing revenues, primarily in property taxes.

The City Council adopted an additional resolution extending the waiver of permit fees through December 30, 2024, specifically aiding Woolsey Fire-affected properties that were primary residences at the time of the fire. Efforts to expedite the permitting process for these homes remain a priority, employing additional consultant resources for this purpose.

The Fiscal Year 2023-24 budget reflects a prudent financial blueprint, aligning $54.88 million in ongoing general fund revenue with $54.86 million in appropriations. The overall budget is $81.8 million in revenue and $93.2 million in expenses, of which $11.7 million is one-time capital project expenditures. Staff will monitor the budget and provide any necessary adjustments to the City Council during the fiscal year.

General Fund Revenues. The City’s Adopted Budget for Fiscal Year 2023-24 included conservative General Fund revenues growth. Property Tax is budgeted to have a steady growth of 3% and provides 31% of the General Fund Revenue. Other taxes including transient occupancy tax and sales tax are budgeted to increase by a combined amount of $2.5 million over the prior year’s budget. The increase is driven by a ½ cent Transient Use Tax increase that was adopted by voters in November of 2022, projected to net the City about $3.0 million but offset by other projected reductions in sales tax as the economy may slow down. Overall General Fund revenues are budgeted at $57.0 million.

General Fund Expenditures. The City’s General Fund expenditures for Fiscal Year 2023- 24 are budgeted to be $69.8 million. This includes a total of $11.7 million in capital projects ($2.8 million is disaster capital). Funding was also maintained for critical budget items including debt service, property insurance, law enforcement services, and professional services for mandated activities.

Capital Improvements. The City has adopted a multi-year capital improvement program with the next fiscal year’s costs totaling $23.0 million. Major projects budgeted for Fiscal Year 2023-24 include:
 $7.1 million for PCH Signal Synchronization System
 $4.5 million for PCH Median Improvements
 $4.0 million for City Hall Solar Power Project
 $2.2 million for Annual Street Overlay
The City also plans to continue capital improvement projects related to restoration of City infrastructure damaged in the Woolsey Fire and the subsequent severe winter storms. 16 CITY OF MALIBU, CALIFORNIA
MANAGEMENT’S DISCUSSION AND ANALYSIS (Continued)
June 30, 2023
FEMA and CalOES will reimburse the City for much of the cost of these projects, but costs will be drawn against the General Fund until reimbursement is received. The City’s required match for these projects will come from the SCE Woolsey Fire settlement funds.

Additional funding comes from California JPIA, the City’s insurance policy, for repairs when eligible. The major projects planned for Fiscal Year 2023-24 include:
 $896,000 for Outdoor Warning Sirens
 $857,000 for Park Restoration at Trancas Park
 $780,000 for Latigo Canyon Road and Retaining Wall
 $134,000 for Clover Heights Storm Drain Improvements
General Fund Reserve. The City Council remains committed to maintaining a strong unassigned General Fund reserve to provide a buffer against unforeseen expenditures.

The City is currently in a very healthy financial position. The City has a Budgeted projected Fiscal Year 2023-24 General Fund Undesignated Reserve at year-end (June 30, 2024) of $64.23 million with an additional $6.5 million designated for contingencies.

Requests for Information
This financial report is designed to provide a general overview of the financial position of the City of Malibu for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Management and Administration Department, 23825 Stuart Ranch Road, Malibu, California 90265.
17 BASIC FINANCIAL STATEMENTS
The City’s basic financial statements, including the accompanying notes, constitute the core of the ACFR’s financial section. The Basic Financial Statements include the following:
• Government-wide Financial Statements
• Fund Financial Statements
• Notes to Basic Financial Statements
Major funds reported in the Basic Financial Statements are defined in note 1 of the notes to the Basic Financial Statements.

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CITY OF MALIBU

STATEMENT OF NET POSITION
JUNE 30, 2023
Governmental Business-type
Activities Activities Total
ASSETS
Cash and cash equivalents $ 91,926,992 $ 3,825,847 $ 95,752,839 Accounts receivable, net of allowance for doubtful accounts 3,355,121 376,086 3,731,207 Interest receivable 522,497 - 522,497
Due from other governments 6,427,760 - 6,427,760
Prepaid expenses 35,616 - 35,616
Internal balances 186,113 (186,113) -
Restricted assets-cash and equivalents with fiscal agents 57,597 927 58,524 Due from tenants - 1,413,717 1,413,717
Lease receivable - 29,561,171 29,561,171
Capital assets, non-depreciable 95,218,445 21,010,865 116,229,310 Capital assets, net of accumulated depreciation 33,849,495 64,236,174 98,085,669 Total assets 231,579,636 120,238,674 351,818,310

DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding 1,329,392 408,174 1,737,566 Deferred amount from OPEB 1,107,315 - 1,107,315
Deferred amount from pension 4,783,070 - 4,783,070
Total deferred outflows of resources 7,219,777 408,174 7,627,951

LIABILITIES
Accounts payable 3,101,330 244,215 3,345,545
Retention payable 4,805 - 4,805
Salaries and wages payable 427,413 - 427,413
Deposits 5,241,151 4,223,503 9,464,654
Other accrued liabilities 1,187,067 - 1,187,067
Interest payable 355,802 74,074 429,876
Unearned revenue 1,931,169 89,234 2,020,403
Noncurrent liabilities due within one year 1,794,403 673,075 2,467,478 Noncurrent liabilities due in more than one year 53,438,604 10,514,605 63,953,209 Net OPEB liability 538,399 - 538,399
Net pension liability 8,507,593 - 8,507,593
Total liabilities 76,527,736 15,818,706 92,346,442

DEFERRED INFLOWS OF RESOURCES
Deferred amount from leases - 29,561,171 29,561,171
Deferred amount from OPEB 622,546 - 622,546
Deferred amount from pension 493,698 - 493,698
Total deferred inflows of resources 1,116,244 29,561,171 30,677,415

NET POSITION
Net investment in capital assets 75,848,115 70,687,533 146,535,648 Restricted for:

Debt service 57,597 927 58,524
Public works 4,303,993 - 4,303,993
Environmental sustainability 6,534 - 6,534
Community services 1,133,367 - 1,133,367
Housing 194,140 - 194,140
Bluffs Park 347,480 - 347,480
City facilities and operations 503,117 - 503,117
Unrestricted 78,761,090 4,578,511 83,339,601
Total net position $ 161,155,433 $ 75,266,971 $ 236,422,404 The notes to the financial statements are an integral part of this statement. 19 CITY OF MALIBU

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2023
Operating Capital
Charges for Grants and Grants and Governmental Business-type Expenses Services Contributions Contributions Activities Activities Total Governmental activities:

Legislative and advisory $ 1,712,824 $ 1,501 $ - $ (1,711,323) - $ $ (1,711,323) - $ General government 9,131,480 856,383 3,099,260 (5,175,837) - (5,175,837) - Public safety 11,962,075 1,720,348 165,271 (10,076,456) - (10,076,456) - Community development 8,762,655 7,683,625 - (1,079,030) - (1,079,030) - Community services 3,593,994 637,176 57,094 (2,899,724) - (2,899,724) - Public works 8,198,618 649,373 1,891,366 701,556 (4,956,323) (4,956,323) - Interest on long-term debt 2,059,232 - - (2,059,232) - (2,059,232) - Total governmental activities 45,420,878 11,548,406 5,212,991 701,556 (27,957,925) (27,957,925) - Business-type activities:

Commercial real estate rental 2,490,154 1,736,601 - - (753,553) - (753,553) Wastewater treatment 2,950,874 2,260,360 - - (690,514) - (690,514) Total business-type activities 5,441,028 3,996,961 - - (1,444,067) - (1,444,067) Total $ 50,861,906 $ 15,545,367 $ 5,212,991 $ 701,556 (27,957,925) (1,444,067) (29,401,992) General revenues:

Taxes:

Property tax 17,858,262 17,858,262 -
Utility users tax 3,058,345 3,058,345 -
Transient occupancy tax 9,530,517 9,530,517 -
Franchise tax 817,392 817,392 -
Sales tax 6,405,550 6,405,550 -
Parking occupancy tax 483,813 483,813 -
Intergovernmental motor vehicle in lieu, unrestricted 11,008 - 11,008 Investment earnings, unrestricted 1,812,096 95,923 1,908,019 Other revenues 1,075,259 1,075,259 -
Total general revenues and transfers 41,052,242 95,923 41,148,165 Change in net position 13,094,317 (1,348,144) 11,746,173 Net position - beginning of year 148,061,116 76,615,115 224,676,231 Net position - end of year $ 161,155,433 $ 75,266,971 $ 236,422,404 The notes to the financial statements are an integral part of this statement.

Program Revenues
Net (Expense) Revenue and
Changes in Net Position
20 CITY OF MALIBU

GOVERNMENTAL FUNDS

BALANCE SHEET
JUNE 30, 2023
Special Capital
Revenue Projects Fund Other
Fund Capital Governmental
General Grants Improvements Funds Totals
ASSETS
Cash and investments 88,036,871 $ -$ 71,341 $ 3,818,780 $ 91,926,992 $ Accounts receivable, net of allowance - 3,318,135 36,986 - 3,355,121 Interest receivable 522,497 - - 522,497 -
Due from other governments 1,062,532 5,214,989 150,239 - 6,427,760 Prepaid items 35,616 - - 35,616 -
Due from other funds 1,104,823 - - 1,104,823 -
Advances to other funds 186,113 - - 186,113 -
Restricted assets - cash with fiscal agent 57,597 - - 57,597 - Total assets 98,476,641 $ 1,062,532 $ 71,341 $ 4,006,005 $ 103,616,519 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES

LIABILITIES
Accounts payable 2,843,986 $ -$ 71,341 $ $ 186,003 $ 3,101,330 Retentions payable 4,805 - - - 4,805
Salaries and wages payable 427,413 - - 427,413 -
Deposits payable 5,241,151 - - 5,241,151 -
Other accrued liabilities 1,187,067 - - 1,187,067 -
Unearned revenue 1,915,721 - 15,448 - 1,931,169
Due to other funds 1,062,532 - 42,291 - 1,104,823
Total liabilities 11,620,143 1,062,532 71,341 243,742 12,997,758

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 1,700,727 506,829 - 2,207,556 -

FUND BALANCES
Nonspendable
Prepaid items 35,616 - - - 35,616
Advances to other funds 186,113 - - - 186,113
Restricted
Public works - - 1,844,693 - 1,844,693
Capital projects - - 723,044 - 723,044
Community services - - 930,857 - 930,857
Environmental sustainability - - 6,534 - 6,534
Special districts - - 257,135 - 257,135
Debt service and debt service reserve 57,597 - - 57,597 - Housing 194,140 - - 194,140 -
Bluffs Park 347,480 - - 347,480 -
City facilities 500,000 - - 500,000 -
Committed
Capital improvement projects - 1,185,698 1,318,528 - 2,504,226 City facilities 1,078,510 - - 1,078,510 -
Water quality - 51,143 - - 51,143
Assigned
Vehicle maintenance & replacement 267,105 - - 267,105 - Information technology replacement - 82,541 - - 82,541
Fire rebuild requirements 6,710,986 - - 6,710,986 -
Next fiscal year operations 6,500,000 - - - 6,500,000
Unassigned 67,826,012 (506,829) (1,185,698) - 66,133,485 Total fund balances 85,155,771 (506,829) - 3,762,263 88,411,205 Total liabilities, deferred inflows of
resources, and fund balances $ 98,476,641 $ 71,341 1,062,532 $ $ 4,006,005 $ 103,616,519 The notes to the financial statements are an integral part of this statement. 21 CITY OF MALIBU

GOVERNMENTAL FUNDS

RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF NET POSITION
JUNE 30, 2023
Fund Balances of Governmental Funds $ 88,411,205
Amounts reported for governmental activities in the statement of net position are different because:
129,067,940
2,207,556
Pension related debt and other post-employment benefit debt applicable to the City governmental activities are not due and payable in the current period and, accordingly, are not reported as fund liabilities. Deferred outflows and inflows of resources related to pensions and OPEB are only reported in the Statement of Net Position as the changes in these amounts affect only the government-wide statements for governmental activities.

Deferred outflows of resources for OPEB 1,107,315
Deferred outflows of resources for pensions 4,783,070
Deferred inflows of resources for OPEB (622,546)
Deferred inflows of resources for pensions (493,698)
Net OPEB liability (538,399)
Net pension liability (8,507,593)
Deferred charge on refunding 1,329,392
Interest payable (355,802)
Long-term liabilities (55,233,007)
Net Position of Governmental Activities $ 161,155,433
The notes to the financial statements are an integral part of this statement.

Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.

Other long-term assets are not available to pay for current-period expenditures and, therefore, are deferred in the funds.

Liabilities and deferred charges related to long-term debt are not due and payable in the current period and, therefore, are not reported in the funds, as follows:
22 CITY OF MALIBU

GOVERNMENTAL FUNDS

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED JUNE 30, 2023
Capital
Special Projects Fund Other
Revenue Fund Capital Governmental
General Grants Improvements Funds Total

REVENUES
Taxes $ 39,169,363 $ - $ 528,044 - $ $ 39,697,407
Fines and forfeitures 1,482,486 - 237,862 - 1,720,348
Intergovernmental 3,571,663 548,148 2,103,065 - 6,222,876 Use of money and property 1,692,228 - 119,868 - 1,812,096 Charges for services 9,089,243 - 153,766 - 9,243,009
Other 65,102 - - 65,102 -
Total revenues 55,070,085 548,148 3,142,605 - 58,760,838

EXPENDITURES
Current:

Legislative and advisory 1,709,491 - - - 1,709,491
General government 7,055,118 - - 8,000 7,063,118
Public safety 11,599,872 - - 165,271 11,765,143
Community development 8,442,838 - - 309,050 8,751,888
Community services 3,170,898 - - 104,322 3,275,220
Public works 5,535,260 - - 397,383 5,932,643
Capital outlay 2,232,188 - 904,849 108,806 3,245,843
Debt service:

Principal 1,050,832 - - - 1,050,832
Interest 2,171,788 - - - 2,171,788
Total expenditures 42,968,285 - 904,849 1,092,832 44,965,966 Revenues over (under) expenditures 12,101,800 548,148 (904,849) 2,049,773 13,794,872

OTHER FINANCING SOURCES (USES)
Transfers in 928,848 904,849 - 16,332 1,850,029
Transfers out (37,261) (572,447) (1,240,321) - (1,850,029) Issuance of debt 55,000 - - 55,000 -
Total other financing sources (uses) 946,587 (572,447) 904,849 (1,223,989) 55,000 Net change in fund balance 13,048,387 (24,299) 825,784 - 13,849,872 FUND BALANCE - BEGINNING (482,530) 72,107,384 - 2,936,479 74,561,333 FUND BALANCE - ENDING $ (506,829) 85,155,771 $ - $ 3,762,263 $ 88,411,205 $ The notes to the financial statements are an integral part of this statement. 23 CITY OF MALIBU

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2023
Net Change in Fund Balances - Total Governmental Funds $ 13,849,872 Cost of assets capitalized 1,215,849
Depreciation expense (1,681,890)
Governmental funds report as revenues those monies that become available in the current period but which were earned and reported as revenue in a prior period within the Statement of Activities. (2,453,199) Governmental funds exclude revenues for monies that are not available in the current year but which are earned and reported as revenue in the Statement of Activities. 2,207,556 Governmental funds report issuance of debt as a financing source. However, this type of transaction has no effect within the Statement of Activities. (55,000)
Governmental funds do not record interest expense until the payment is due. However, the statement of activities reports interest expense as the liability is incurred. The net change in interest payable is a reconciling item to the change in net position. 7,816
Governmental funds report the effect of premiums and discounts when debt is first issued and the loss on debt refunding when the refunding occurs. However, these amounts are deferred and amortized in the statement of activities. 104,740
Principal payment on long-term debt is reported as an expenditure in the governmental funds. However, this type of transaction has no effect within the Statement of Activities. 1,050,832 Some expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.

Change in net OPEB liability (454,141)
Change in net pension liability (518,070)
Change in compensated absences (83,017)
Loss on asset disposal (97,031)
Change in Net Position of Governmental Activities $ 13,094,317 The notes to the financial statements are an integral part of this statement.

Amounts reported for governmental activities in the Statement of Activities differ from the amounts reported in the Statement of Revenues, Expenditures, and Changes in Fund Balances because:

Governmental funds report capital outlays as expenditures. However, in the statement of activities, the costs of those assets is allocated over their estimated useful lives as depreciation expense. This activity is reconciled as follows:
24 CITY OF MALIBU

PROPRIETARY FUNDS

STATEMENT OF FUND NET POSITION
JUNE 30, 2023
Business-Type Activities
Enterprise Funds
Commercial Real Wastewater
Estate Rental Treatment Totals
ASSETS
Current assets:

Cash and cash equivalents 1,275,902 $ 2,549,945 $ 3,825,847 $ Accounts receivable 235,668 140,418 376,086
Lease receivable 612,367 - 612,367
Total current assets 2,123,937 2,690,363 4,814,300
Noncurrent assets:

Retricted:

Cash and cash equivalents with fiscal agent 927 - 927
Due from tenants 1,413,717 - 1,413,717
Lease receivable 28,948,804 28,948,804
Capital assets, non-depreciable 15,404,922 5,605,943 21,010,865 Capital assets, net of accumulated depreciation 12,224,415 52,011,759 64,236,174 Total noncurrent assets 57,992,785 57,617,702 115,610,487 Total assets 60,116,722 60,308,065 120,424,787

DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding 408,174 - 408,174

LIABILITIES
Current liabilities:

Accounts payable 58,973 185,242 244,215
Deposits 443,503 3,780,000 4,223,503
Interest payable 74,074 - 74,074
Unearned revenue 89,234 - 89,234
Noncurrent liabilities due within one year:

Certificates of participation, net 633,075 - 633,075
Total current liabilities 1,298,859 3,965,242 5,264,101 Noncurrent liabilities:

Noncurrent liabilities due in more than one year:

Advances from other funds - 186,113 186,113
Certificates of participation, net 10,554,605 - 10,554,605 Total noncurrent liabilities 10,554,605 186,113 10,740,718 Total liabilities 11,853,464 4,151,355 16,004,819

DEFERRED INFLOWS OF RESOURCES
Deferred amount from leases 29,561,171 - 29,561,171

NET POSITION
Net investment in capital assets 16,849,831 53,837,702 70,687,533 Restricted for debt service 927 - 927
Unrestricted 2,259,503 2,319,008 4,578,511
Total net position $ 56,156,710 19,110,261 $ 75,266,971 $ The notes to the financial statements are an integral part of this statement. 25 CITY OF MALIBU

PROPRIETARY FUNDS

STATEMENT OF REVENUES, EXPENSES, AND

CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30, 2023
Business-Type Activities
Enterprise Funds
Commercial
Real Estate Wastewater
Rental Treatment Totals

OPERATING REVENUES
Charges for sales and services:

Property-related income 1,574,439 $ - $ 1,574,439 $
Sewer service fees - 2,260,360 2,260,360
Other charges 162,162 - 162,162
Total operating revenues 1,736,601 2,260,360 3,996,961

OPERATING EXPENSES
Personnel services 98,440 89,275 187,715
Professional and contractual services 345,248 188,937 534,185 Repairs and maintenance 62,803 1,375,532 1,438,335
Utilities 171,491 203,316 374,807
Supplies 3,290 26,427 29,717
Total operating expenses 681,272 1,883,487 2,564,759
Operating income before depreciation 1,055,329 376,873 1,432,202 Depreciation and amortization expense 1,331,407 1,061,464 2,392,871 Operating loss (276,078) (684,591) (960,669)

NONOPERATING REVENUES (EXPENSES)
Investment and interest income 31,378 64,545 95,923
Interest expense (477,475) (5,923) (483,398)
Total nonoperating revenues (expenses) (446,097) 58,622 (387,475) Change in net position (722,175) (625,969) (1,348,144)
NET POSITION, BEGINNING 19,832,436 56,782,679 76,615,115 NET POSITION, ENDING $ 19,110,261 $ 56,156,710 $ 75,266,971 The notes to the financial statements are an integral part of this statement. 26 CITY OF MALIBU

PROPRIETARY FUNDS

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2023
Business-Type Activities
Enterprise Funds
Commercial
Real Estate Wastewater
CASH FLOWS FROM OPERATING ACTIVITIES Rental Treatment Totals Receipts from customers $ 1,677,425 2,251,207$ 3,928,632$ Payments to suppliers (555,579) (1,889,671) (2,445,250) Payments to personnel (98,440) (89,275) (187,715)
Net cash provided by operating activities 1,023,406 272,261 1,295,667

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Repayment on noncapital advances from other funds - (186,113) (186,113)

CASH FLOWS FROM CAPITAL FINANCING ACTIVITIES
Interest paid (456,450) (5,923) (462,373)
Principal payment (635,000) - (635,000)
Payments made for capital assets acquired - (107,676) (107,676) Payments received in advance of assessments - 750,000 750,000 Net cash provided by/(used for) capital financing activities (1,091,450) 636,401 (455,049)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 31,378 64,545 95,923
Net increase/(decrease) in cash and cash equivalents (36,666) 787,094 750,428 CASH AND CASH EQUIVALENTS, BEGINNING 1,313,495 1,762,851 3,076,346 CASH AND CASH EQUIVALENTS, ENDNG $ 1,276,829 2,549,945$ 3,826,774$ Reconciliation of operating income to net cash provided by operating activities:

Operating loss $ (276,078) $ (684,591) $ (960,669)
Adjustments to reconcile operating loss to net
cash provided by/(used for) operating activities:

Depreciation and amortization expense 1,331,407 1,061,464 2,392,871 (Increase)/decrease in accounts receivable (166,373) (9,153) (175,526) (Increase)/decrease in due from tenants 5,215 - 5,215
Increase/(decrease) in accounts payable 27,253 (95,459) (68,206) Increase/(decrease) in unearned income 89,234 - 89,234
Increase/(decrease) in deposits liability 12,748 - 12,748 Total adjustments 1,299,484 956,852 2,256,336
Net cash provided by operating activities $ 1,023,406 $ 272,261 $ 1,295,667 Noncash activities:

Amortization of debt-related deferred items 24,199$ -$ 24,199$ The notes to the financial statements are an integral part of this statement. 27 CITY OF MALIBU

FIDUCIARY FUNDS

STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2023
Custodial
Funds
ASSETS
Cash and cash equivalents 4,038,209 $
Cash and cash equivalents with fiscal agents 4,247,317
Due from other governments 29,457
Total assets 8,314,983

LIABILITIES
Accounts payable 7,051

NET POSITION
Restricted for individuals, other
organizations, and governments 8,307,932 $
The notes to the financial statements are an integral part of this statement. 28 CITY OF MALIBU

FIDUCIARY FUNDS

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FOR THE YEAR ENDED JUNE 30, 2023
Custodial
Funds

ADDITIONS
Collections from special assessments 2,706,467 $
Investment earnings 208,183
Total additions 2,914,650

DEDUCTIONS
Payments for administrative charges 79,871
Interest payments 931,723
Payments for special assessment debt 1,839,396
Total deductions 2,850,990
Net increase in net position 63,660
NET POSITION - BEGINNING 8,244,272
NET POSITION - ENDING $ 8,307,932
The notes to the financial statements are an integral part of this statement. 29 CITY OF MALIBU, CALIFORNIA

NOTES TO THE FINANCIAL STATEMENTS
JUNE 30, 2023

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounting policies of the City of Malibu (the City) conform to accounting principles generally accepted in the United States of America as applicable to governments. The Governmental Accounting Standards Board (GASB) is the standard-setting body for governmental accounting and financial reporting principles. The following is a summary of the significant policies.

A. REPORTING ENTITY
The City of Malibu was incorporated in 1991 under the general laws of the State of California. The City has a councilmanager form of government and is governed by an elected five-member council. The Mayor position is rotated among the five council members.

As required by generally accepted accounting principles, the accompanying financial statements include the financial activity of the City and its blended component unit, the Malibu Public Financing Corporation. The Corporation is a legally separate entity although in substance it is considered to be part of the City’s operations. The City is considered to be financially accountable for the Corporation which is governed by a board comprised entirely of the City’s council members. There is no requirement for separate financial statements of the Corporation. and separate financial statements for the Corporation are not prepared. The Corporation’s financial activity during the year consisted of paying debt service on the outstanding certificates of participation (see Note 4).

B. MEASUREMENT FOCUS, BASIS OF PRESENTATION, AND FINANCIAL STATEMENT PRESENTATION The accounts of the City are organized and operated on the basis of funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures or expenses. Fund accounting segregates funds according to their intended purpose and is used to aid management in demonstrating compliance with finance-related legal and contractual provisions. The minimum number of funds is maintained consistent with legal and managerial requirements. Separate financial statements are provided for governmental, proprietary, and fiduciary funds. Major individual governmental and enterprise funds are reported as separate columns in the fund financial statements.

Government-wide Financial Statements
The Government-wide Financial Statements include a Statement of Net Position and a Statement of Activities. These statements present summaries of the non-fiduciary activities of the City. Governmental activities, which are normally supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. For the most part, the effect of interfund activity has been removed from these statements except for transactions between the City’s governmental funds and the proprietary or fiduciary funds. Interfund services provided and used are not eliminated in the process of consolidation.

These statements are presented on an economic resources measurement focus and the accrual basis of accounting.

Accordingly, the accompanying Statement of Net Position includes all of the City’s assets and liabilities, including capital assets, infrastructure, and long-term liabilities.

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. The Statement of Activities demonstrates the degree to which the direct expenses of a given function are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function. The types of transactions reported as program revenues for the City are classified into three categories: 1) charges for services, 2) operating grants and contributions, and 3) capital grants and contributions. Charges for services include revenues from customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function. Grants and contributions include revenues restricted to meeting a particular function's operational 30 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
or capital requirements. Taxes and other items not properly included among program revenues are reported instead as general revenues.

Governmental Fund Financial Statements
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 aggregated non-major funds. An accompanying schedule is presented to reconcile and explain the difference in fund balance as presented in these statements to the net position as presented in the Government-wide 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 assets.

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. Accordingly, revenues are recorded when received in cash, except that revenues subject to accrual are recognized when due. The primary sources susceptible to accrual are property tax, sales tax, transient occupancy tax, investment income, and grant revenues. Generally, revenues are subject to accrual if anticipated to be received within 180 days after year-end. The exception to this general rule is that property taxes are subject to accrual if received within 60 days after year-end.

Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred. An exception to this general rule is principal and interest on general long-term liabilities which is recognized when due.

Proprietary Fund Financial Statements
Proprietary Fund Financial Statements include a Statement of Net Position, a Statement of Revenues, Expenses, and Changes in Fund Net Position, and a Statement of Cash Flows. The City has two Proprietary Funds which are accounted for using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Fiduciary Fund Financial Statements
Fiduciary Fund Financial Statements include a Statement of Fiduciary Net Position and a Statement of Changes in Fiduciary Net Position. The City’s Fiduciary Funds consist of three Custodial Funds which account for monies held by the City as an agent for property owners with special assessments.

Fund Classifications
The City reports the following major governmental funds:

The General Fund is the City’s primary operating fund. It accounts for all financial resources of the City, except those required to be accounted for in another fund.

The Grants Special Revenue Fund is used to account for projects funded by various grants received from other government agencies. The majority of funds received are transferred to the Capital Improvement Capital Projects Fund to finance the related capital project expenditures. The amount of activity in this fund varies from year to year, and this fund is consistently reported as a major governmental fund. The deficit fund balance is expected to be relieved by the receipt of grant monies.
31 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
The Capital Improvements Capital Projects Fund is used to account for financial resources to be used for the acquisition, construction, or repair of major facilities. The amount of activity in this fund varies from year to year, and this fund is consistently reported as a major governmental fund.

The City reports two proprietary funds, both of which are reported as major proprietary funds.

The Commercial Real Estate Rental Fund accounts for the capital assets being leased to commercial customers (see Note 6). The lease revenue is used to pay the debt service requirements of the long-term liabilities of the fund (see Note 4).

The Wastewater Treatment Fund accounts for the capital assets and the related activity for processing wastewater. This fund also accounts for the construction of an expansion to the Civic Center Wastewater Treatment Facility.

C. STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
The legal level of budgetary control is at the fund level for governmental funds. The City does not present annual budget information on the Capital Projects Fund since the City approves project-length budgets. These project-length budgets authorize total expenditures over the duration of a project rather than year-by-year budgeting. For the year ended June 30, 2023, there were no major governmental funds with expenditures that exceeded appropriations. The following nonmajor funds had expenditures that exceeded appropriations. The Brulte Bill Grant and the Community Development Block Grant funds had current-year grant revenues and transfers from other funds that equaled the funds’ total expenditures.

D. PROPERTY TAX REVENUES
Property taxes are levied, based on the assessed values determined by the Los Angeles County Assessor, as of March 1st and become a lien on the real property on July 1st. Secured taxes are due annually in two installments on November 1st and February 1st, and become delinquent on December 10th and April 10th, respectively. Unsecured taxes are due annually on July 1st and become delinquent on August 31st. The lien date for secured and unsecured property taxes is March 1st of the preceding Fiscal Year. The total property tax levy is recognized as revenue to the extent that it results in current available resources. Current available resources are those property tax amounts received within 60 days past year-end.

California law limits ad valorem taxes on real property to 1% of value plus taxes necessary to pay indebtedness approved by the voters. Annual increases are limited to the cost of living, not to exceed 2% each year. Property may also be reassessed to full market value after a sale, transfer of ownership, or completion of new construction. The State is prohibited from imposing new ad valorem, sales, or transaction taxes on real property. Local government may impose special taxes (except on real property) with the approval of two-thirds of the qualified electors voting in a general or special election.

E. INVESTMENTS AND INTEREST INCOME ON INVESTMENTS
Investments are reported at fair value, which represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Changes in fair value that occur during a fiscal year are recognized as a component of investment earnings reported for the year, which may result in negative investment earnings in the accompanying financial statements.

Expenditures
in Excess of
Non-Major Funds: Budget
Special Revenue Funds:

Brulte Bill Grant $ 10,271
Community Development Block Grant 47,760
32 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
Cash and investments of the City are managed on a pooled basis, and each fund’s share in this pool is displayed in the accompanying financial statements as cash and investments. Investment income from the pool is allocated quarterly to certain funds based on the average cash balances in relation to the pool’s total balance. The primary components of investment earnings are interest earnings and distributions, unrealized gains or losses from changes in fair value, and realized gains or losses from the liquidation or sale of investments. All investment income is recognized as revenue in the operating statement; however, only realized investment income is allocated to participating funds. All pooled investments are controlled by an investment policy that is adopted by the City Council and further controlled by State legislation.

F. CAPITAL ASSETS
Capital assets, which include land, intangible assets (including right-to-use assets resulting from lease or subscription agreements), buildings, equipment and furniture, vehicles, and infrastructure, are reported in the applicable governmental or business-type activities columns of the Government-wide Financial Statements. Non-infrastructure capital assets are defined by the City as individual assets with an initial, individual cost of more than $3,000 and an expected useful life of three years or more. Infrastructure capital assets are defined by the City as long-lived capital assets with an initial cost of more than $50,000 that are stationary and can be preserved for at least 35 years (such as streets, storm drains, bridges, etc.). The City has capitalized all infrastructure assets.

All purchased capital assets are valued at cost where historical cost records are available and at an estimated historical cost where no historical records exist. Donated capital assets, donated works of art and similar items, and capital assets received in a service concession arrangement are reported at acquisition value at the date of acquisition. Rightto-use assets are valued at the present value of payments expected to be made over the term of the agreement.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as construction in progress as projects are constructed.

Capital assets are depreciated or amortized over their estimated useful lives using a straight-line method.

Depreciation and amortization are charged as an expense against operations and accumulated amounts are reported on the respective statement of net position. Depreciation and amortization are recorded over the useful life of the assets as follows:

Intangible right-to-use assets varies by agreement
Buildings & Improvements 5-45 years
Furniture, Machinery, & Office Equipment 3-15 years
Vehicles 5-10 years
Walkways and ramps 45 years
Street network 35 years
Storm drain network 60 years
Bridges 65 years
G. COMPENSATED ABSENCES PAYABLE
Compensated absences include accrued vacation and sick leave that are available to employees in future years either in time off or in cash (upon leaving the employ of the City). The City accounts for compensated absences in accordance with GASB Code Section C60 whereby a liability for compensated absences is reported in governmental funds only if the liability has matured, such as would occur as a result of employee resignations and retirements. The general fund has been used in prior years to liquidate the compensated absences liability; the City expects to continue using the general fund to liquidate the compensated absences liability.

H. RESTRICTED ASSETS
Certain assets are classified as restricted because their use is limited by applicable debt covenants. Specifically, the assets are restricted for principal and interest payments due on long-term debt, are maintained by a trustee as a reserve requirement for debt, or are restricted for payments on projects for which the debt was issued. Other assets may be classified as restricted when monies are held by a fiscal agent to pay contract retentions on certain projects. 33 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
I. FLOW ASSUMPTIONS OF RESTRICTED AND UNRESTRICTED RESOURCES When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted resources first, then to use unrestricted resources as they are needed. See Note 1 sections (O) and (P) for additional flow assumption information.

J. PREPAID ITEMS
Prepaid items are payments to vendors that reflect costs applicable to future periods, and they are reported in the government-wide and fund financial statements using the consumption method. In governmental funds, prepaid amounts are offset within fund balance to indicate that they are not spendable for appropriation and are not expendable financial resources.

K. DEFERRED OUTFLOWS/INFLOWS OF RESOURCES
The Statement of Net Position and the Governmental Funds’ Balance Sheet will sometimes report separate sections for deferred outflows of resources and deferred inflows of resources.

The separate financial statement element of deferred outflows of resources represents a consumption of net assets that applies to a future period(s) which will not be recognized as an outflow of resources (expense/expenditure) until that time. The City has items that qualify for reporting in this category: the deferred charge on refunding of longterm liabilities and components of the calculations for the net pension and OPEB liabilities.

The separate financial statement element of deferred inflows of resources represents an acquisition of net assets that applies to a future period(s) which will not be recognized as an inflow of resources (revenue) until that time. The City has items that qualify for reporting in this category: unavailable revenue, lease-related amounts for agreements where the City is the lessor, and components of the calculations for the net pension and OPEB liabilities. Unavailable revenue exists only under the modified accrual basis of accounting and, accordingly, is reported only in the governmental funds’ balance sheet. Governmental funds typically report unavailable revenues for grant receipts that have been earned but which are not received within the City’s defined availability period; these amounts are deferred and recognized as an inflow of resources in the period that the amounts become available.

L. CASH EQUIVALENTS
For purposes of the statement of cash flows, cash equivalents are defined as short-term, highly liquid investments that are both 1) readily convertible to known amounts of cash or so near their maturity that they present an insignificant risk of a change in value and 2) have an original maturity date of three months or less. Cash equivalents represent the proprietary and fiduciary funds’ share in the City’s cash and investment pool.

M. OPERATING AND NON-OPERATING REVENUES AND EXPENSES – PROPRIETARY FUNDS Operating revenues and expenses result from activities related to renting commercial real estate to customers in the Commercial Real Estate Rental Enterprise fund and from activities relating to the collection, treatment, and disposal of wastewater in the Wastewater Treatment Enterprise fund. All revenues and expenses which do not relate to these activities and which are not capital in nature are reported as non-operating revenues and expenses.

N. CONTRACTUAL COMMITMENTS
Encumbrances represent commitments related to unperformed contracts for goods or services, such as purchase orders. While all operating appropriations and encumbrances lapse at year-end, valid outstanding encumbrances are re-appropriated and become part of the subsequent year’s budget. The City approves project-length budgets for capital projects, and unexpended capital improvement appropriations are carried forward until the project is complete.
34 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
At June 30, 2023, the significant commitments, including continuing capital projects within enterprise funds, are as follows:

O. FUND BALANCE
In the governmental fund financial statements, fund balance is made up of the following categories:
• Nonspendable fund balance typically includes inventories, prepaid items, and other similar items that must be maintained intact pursuant to legal or contractual requirements. • Restricted fund balance includes amounts that can be spent only for specific purposes imposed by creditors, grantors, contributors, or laws or regulations of other governments or through enabling legislation. • Committed fund balance includes amounts that can be used only for the specific purposes determined by a resolution (formal action) of the City Council. The City Council has the authority to establish, modify, or rescind a fund balance commitment.
• Assigned fund balance is comprised of amounts designated by the City Council for specific purposes that do not meet the criteria to be classified as restricted or committed. In accordance with the City’s fund balance policy, the City Council may assign a designee, the City Manager, to make assignments of fund balance. • Unassigned fund balance is the residual classification that includes all spendable amounts not contained in other categories. The General Fund is the only fund that may report a positive unassigned fund balance. In all other governmental funds, when expenditures exceed the amounts available, it may be necessary to report a negative unassigned fund balance in that fund.

When expenditures are incurred for purposes for which both restricted and unrestricted (committed, assigned, or unassigned) fund balances are available, the City’s policy is to consider restricted fund balance to have been depleted before using any components of unrestricted fund balance. Further, when expenditures are incurred for purposes for which committed, assigned, or unassigned fund balances are available, the City’s policy is to first deplete committed fund balance, then assigned fund balance, and finally unassigned fund balance.

P. NET POSITION
In the government-wide, proprietary, and fiduciary fund financial statements, net position is classified into the following categories:
• Net Investment in Capital Assets: This category represents all capital assets, unspent debt proceeds, and required reserves, less accumulated depreciation and the outstanding principal of capital-related debt. The City’s capital assets do not represent a financial resource and, consequently, are not readily available for funding current obligations.
• Restricted Net Position: This category represents external restrictions imposed by creditors, grantors, contributors, or laws or regulations of other governments and restrictions imposed by law through constitutional provisions or enabling legislation.
• Unrestricted Net Position: This category represents the net position that is not restricted for any purpose.

When an expense is incurred for purposes for which both restricted and unrestricted resources are available, the City’s policy is to consider restricted net position to have been depleted before applying unrestricted net position.

Major Enterprise Fund:

Commercial Real Estate Rental $ 40,650
Wastewater Treatment 169,764
Major Governmental Funds:

General Fund 7,667,759
Capital Improvements Capital Projects Fund 1,185,698
Nonmajor Governmental Funds 654,971
35 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
Q. PENSIONS
For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions and pension expense, information about the fiduciary net position of the City’s California Public Employees’ Retirement System (CalPERS) Plans (Plans) and additions to/deductions from the Plans’ fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms.

Investments are reported at fair value. The net pension liability is recorded solely within Governmental Activities, and the liability is being liquidated by the General Fund.

R. OTHER POST-EMPLOYMENT BENEFITS (OEPB)
For purposes of measuring the net OPEB (asset)/liability and deferred outflows/inflows of resources related to OPEB and OPEB expense, information about the fiduciary net position of the City’s OPEB Plan (the assets of which are held by CalPERS as part of the California Employer’s Retiree Benefit Trust Program (CERBT)), and additions to/deductions from the OPEB Plans’ fiduciary net position have been determined on the same basis as they are reported by the Plan. For this purpose, benefit payments are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value. The OPEB (asset)/liability is recorded solely within Governmental Activities, and any liability will be liquidated by the General Fund.

S. LEASE RECEIVABLE
A lease receivable is initially measured at the present value of payments expected to be received during the lease term and is subsequently reduced by the principal portion of lease payments received. The related deferred inflow of resources is measured as the initial value of the lease receivable, adjusted for lease payments received at or before the lease commencement date, and is systematically recognized as revenue over the term of the lease.

T. ACCOUNTING PRONOUNCEMENTS
The City implemented all GASB statements that were effective for reporting periods beginning in Fiscal Year 2022-

23. These included Statement Number 91 Conduit Debt Obligations, Statement Number 94 Public-Private and Public-Public Partnerships and Availability Payment Arrangements, and Statement Number 96 Subscription-Based Information Technology Arrangements. None of the newly effective GASB statements had a significant impact on the City.

2. CASH AND INVESTMENTS
Cash and investments are reported in the basic financial statements as follows:

The City maintains a cash and investment pool which is available for use by all funds, and all funds participate in the pool. Interest income realized on pooled cash and investments is allocated quarterly to the various funds based on monthend cash balances.

Statement of Net Position:

Governmental Funds:

Unrestricted $ 91,926,992
Restricted 57,597
Proprietary Funds:

Unrestricted 3,825,847
Restricted 927
Fiduciary Funds:

Cash and cash equivalents 4,038,209
Cash and cash equivalents with fiscal agents 4,247,317
Total Cash and Investments $ 104,096,889
36 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
Cash and investments consisted of the following at year-end:

At June 30, 2023, the pooled demand deposit bank balance was $9,189,500. The amount shown for pooled demand deposits is the amount after outstanding checks are subtracted and deposits in transit are added.

INVESTMENTS AUTHORIZED BY THE CALIFORNIA GOVERNMENT CODE & MALIBU’S INVESTMENT POLICY The following table identifies the investment types that are authorized by the California Government Code and the City’s investment policy for pooled investments. The table also identifies certain provisions of either the California Government Code or the City’s investment policy (whichever is more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. A separate table addresses investments of debt proceeds that are held by fiscal agents.

INVESTMENTS AUTHORIZED BY DEBT AGREEMENTS
The investment of debt proceeds held by fiscal agents is governed by provisions of the debt agreements rather than the general provisions of the California Government Code or the City’s investment policy. The following table identifies the investment types that are authorized for investments held by the City’s fiscal agent. Unless indicated otherwise, the trust agreement does not specify a maximum maturity, a maximum percentage of the portfolio, or a maximum investment in a single issuer. The table also identifies certain provisions of these debt agreements that address interest rate risk, credit risk, and concentration of credit risk.

Pooled Deposits & Investments:

Demand Deposits $ 7,323,979
Investments 92,465,979
Cash and Investments with Fiscal Agents:

Investments 4,305,841
Petty Cash 1,090
Total Cash and Investments $ 104,096,889
Authorized Maximum
by Malibu's Maximum Investment
Investment Type - Authorized by the Investment Maximum Percentage in a Single California Government Code Policy Maturity (1) of Portfolio (1) Issuer (1) Local Agency Bonds Yes 5 years None None
U.S. Treasury Obligations Yes 5 years None None
California State Treasury Obligations No 5 years None None U.S. Agency Securities Yes 5 years None None
Banker's Acceptances Yes 180 days 20% (2) 10% (2)
Commercial Paper Yes 270 days 15% (2) 5% (2)
Negotiable Certificates of Deposit Yes 5 years 30% None Repurchase Agreements Yes 1 year None None
Reverse Repurchase Agreements No 92 days 20% of base value None Supranationals No 5 years 30% None
Corporate Medium-Term Notes No 5 years 30% None
Mutual Funds No N/A 20% 10%
Money Market Mutual Funds Yes N/A 20% None
Mortgage Pass-Through Securities/CMO No 5 years 20% None County Investment Pools Yes N/A None None
Local Agency Investment Fund (LAIF) Yes N/A None None
Notes:
(1) Restrictions are in accordance with the California Government Code unless indicated otherwise. (2) The restriction is in accordance with the City's Investment Policy which is more restrictive than the California Government Code. 37 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023

INVESTMENT IN STATE INVESTMENT POOL
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) which is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State of California. LAIF is overseen by the Local Agency Investment Advisory Board, which consists of five members, in accordance with State statute. The State Treasurer’s Office audits the fund annually. 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 withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis.

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 an investment has before maturity, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways the City manages its exposure to interest rate risk is by purchasing a combination of shortterm and long-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 cash flow and liquidity for operations. Information about the sensitivity of the fair values of the City’s investments to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity:

Certificates of 2016 AD 2010 AD
Participation Limited 2008 CFD Limited
Series 2015, Obligation Special Obligation
Investment Type - Authorized by Trust Agreements 2016 & 2018 Bonds Tax Bonds Bonds Local Agency Bonds Allowed (4) Allowed Allowed
U.S. Treasury Obligations Allowed Allowed Allowed Allowed California State Treasury Obligations Allowed Not Allowed Allowed Not Allowed U.S. Agency Securities Allowed Allowed Allowed Allowed
Banker's Acceptances (1) Allowed (4) Allowed Allowed
Commercial Paper (2) Allowed Allowed Allowed Allowed
Repurchase Agreements Allowed Allowed Not Allowed Allowed Money Market Mutual Funds Allowed Allowed Allowed Allowed Local Agency Investment Fund (LAIF) Allowed Allowed Allowed Allowed Investment agreements Allowed Allowed Allowed Allowed
Certificates of deposit (3) Allowed Allowed Not Allowed Allowed County of Los Angeles Pooled Investment Fund Not Allowed Allowed Not Allowed Allowed (1) Maximum maturity allowed is 360 days.
(3) Maximum maturity allowed is 1 year.
(2) Maximum maturity allowed is 270 days except the 2010 & 2016 AD Limited Obligation Bonds which is 180 (4) Not specifically stated as being allowed, but this investment is allowed as it is in accordance with the City's investment policy.

Fair Value Less than 1 1 to 3 3 to 5
City's Pooled Investments:

Local Agency Investment Fund (LAIF) 24,930,360$ 24,930,360$ $ - $ - Money Market Mutual Funds 4,573,437 4,573,437 - -
U.S. Treasury Bills 15,086,417 15,086,417 - -
U.S Treasury Notes 37,518,231 13,181,285 15,209,560 9,127,386 Negotiable Certificates of Deposit 10,357,534 6,653,322 2,855,206 849,006 Investments held by fiscal agents:

Money market mutual funds 4,305,841 4,305,841 - -
Total Investments 96,771,820$ 68,730,662$ 18,064,766$ $ 9,976,392 Investment Maturities in Years
38 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023

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. The minimum rating required by (where applicable) the California Government Code, the City’s investment policy, or debt agreements, and the actual rating as of year-end for each investment type are as follows:

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 California Government Code and the City’s investment policy contain legal requirements that limit the exposure to custodial credit risk for deposits as follows: a financial institution must 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 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 financial institutions also have insurance through the Federal Depository Insurance Corporation.

Custodial credit risk for investments is the risk that in the event of the failure of the counterparty (e.g., broker-dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for investments. At year-end, the City had the following investments that were held by the counterparty’s trust department:

CONCENTRATION OF CREDIT RISK
The City diversifies its investments by security type and institution. The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code. Investments guaranteed by the U.S. government, investments in mutual funds, and investments in external Minimum
Fair Legal
Investment Type Value Rating AAA Not Rated
City's Pooled Investments:

Local Agency Investment Fund (LAIF) $ 24,930,360 N/A $ - $ 24,930,360 Money Market Mutual Funds 4,573,437 N/A - 4,573,437
U.S. Treasury Bills 15,086,417 None - 15,086,417
U.S Treasury Notes 37,518,231 None 37,518,231 -
Negotiable Certificates of Deposit 10,357,534 N/A - 10,357,534 Investments held by fiscal agents:

Money market mutual funds 4,305,841 N/A - 4,305,841
Total Investments $ 96,771,820 $ 37,518,231 $ 59,253,589 Fair Value
City's Pooled Investments:

Money Market Mutual Funds $ 4,573,437
U.S. Treasury Bills 15,086,417
U.S Treasury Notes 37,518,231
Negotiable Certificates of Deposit 10,357,534
Investments held by fiscal agents:

Money market mutual funds 4,305,841
39 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
investment pools are excluded from the requirement to disclose all investments with more than a 5% concentration in a single security type or a single financial institution. At year-end, the City had no investments in any one issuer that represented 5% or more of the City’s pooled investments which required disclosure.

FAIR VALUE MEASUREMENTS
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. When available in an active market, quoted prices are used to determine fair value; these investments are classified within Level 1 of the fair value hierarchy. When quoted prices in active markets are not available, fair values are based on evaluated prices received by the City’s asset manager from a third-party service provider; these investments are classified within Level 2 of the fair value hierarchy. When neither quoted prices in an active market nor other evaluated prices are available, unobservable inputs are used. Unobservable inputs are classified within Level 3 of the fair value hierarchy; they are developed based on the best information available in the circumstances and may include the City’s own data.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The inputs used may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. The use of different methodologies or assumptions could result in a different fair value measurement at the reporting date. At June 30, 2023, the City’s investments are categorized in the following input levels:

3. CAPITAL ASSETS
Changes in capital assets during the year ended June 30, 2023, were as follows:

Fair Value
Investment Fair Value Level Input
City's Pooled Investments:

Local Agency Investment Fund (LAIF) $ 24,930,360 **
Money Market Mutual Funds 4,573,437 **
U.S. Treasury Bills 15,086,417 Level 2 input
U.S Treasury Notes 37,518,231 Level 2 input
Negotiable Certificates of Deposit 10,357,534 Level 2 input Investments held by fiscal agents:

Money market mutual funds 4,305,841
Total Investments $ 96,771,820 **
** Investment is not subject to the fair value hierarchy.

Balances Balances
Business-type Activities July 1, 2022 Additions Deletions Reclassifications June 30, 2023 Cost:

Nondepreciable capital assets:

Land $ 17,325,848 $ - $ - $ - $ 17,325,848
Construction in progress 3,577,341 107,676 - - 3,685,017 Total nondepreciable assets 20,903,189 107,676 - - 21,010,865 Depreciable capital assets:

Buildings and other improvements 86,009,734 - - - 86,009,734 Infrastructure 444,000 - - - 444,000
Subtotal 86,453,734 - - - 86,453,734
Accumulated depreciation for:

Buildings and other improvements (19,706,976) (2,381,100) - - (22,088,076) Infrastructure (117,713) (11,771) - - (129,484)
Subtotal (19,824,689) (2,392,871) - - (22,217,560)
Net depreciable assets 66,629,045 (2,392,871) - - 64,236,174 Total net capital assets $ 87,532,234 $ (2,285,195) $ - $ - $ 85,247,039 40 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
Depreciation expense was charged to programs of the City as follows:

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

Nondepreciable capital assets:

Land $ 69,556,508 $ - $ - $ - $ 69,556,508
Right of way 24,045,543 - - - 24,045,543
Construction in progress 1,436,154 812,862 - (632,622) 1,616,394 Total nondepreciable assets 95,038,205 812,862 - (632,622) 95,218,445 Depreciable capital assets:

Right-to-use lease assets 103,074 55,000 - - 158,074
Buildings and other improvements 23,276,552 74,560 - - 23,351,112 Equipment and furniture 1,768,114 185,436 - 30,012 1,983,562 Vehicles 618,432 87,991 (51,930) - 654,493
Infrastructure 40,469,752 - (73,193) 602,610 40,999,169 Subtotal 66,235,924 402,987 (125,123) 632,622 67,146,410 Accumulated depreciation for:

Right-to-use lease assets (35,510) (30,407) - - (65,917) Buildings and other improvements (8,858,551) (813,709) - - (9,672,260) Equipment and furniture (1,174,870) (117,365) - - (1,292,235) Vehicles (321,398) (67,933) 20,772 - (368,559)
Infrastructure (21,252,788) (652,476) 7,320 - (21,897,944) Subtotal (31,643,117) (1,681,890) 28,092 - (33,296,915) Net depreciable assets 34,592,807 (1,278,903) (97,031) 632,622 33,849,495 Total net capital assets $ 129,631,012 $ (466,041) $ (97,031) $ - $ 129,067,940 Business-type Activities:

Commercial real estate rental $ 1,331,407
Wastewater treatment 1,061,464
Total depreciation expense $ 2,392,871
Governmental Activities:

Legislative and advisory $ 3,333
General government 559,538
Public safety 88,323
Community development 10,767
Community services 262,278
Public works 757,651
Total depreciation expense $ 1,681,890
41 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023

4. LONG-TERM LIABILITIES
Changes in long-term liabilities during the year ended June 30, 2023, were as follows:

A. DIRECT BORROWINGS:

Governmental Activities: The City has entered into agreements for copy machines and other equipment. In accordance with GASB Statement No. 87, the assets have been recorded at the present value of the future minimum payments. The interest rates for the agreements vary from 3.00% to 4.29% and all have fixed payment schedules. The assets are depreciated and are reported separately in the Capital Assets Note (Note 3).

The required annual principal and interest payments are as follows:

Balance Balance Due Within Long-Term
June 30, 2022 Additions Deletions June 30, 2023 One Year Amount Governmental Activities:

Direct borrowings $ 53,063 55,000$ $ (30,832) $ 77,231 $ (23,048) $ 54,183 Certificates of participation:
2015 Refunding Series B 4,460,000 - (125,000) 4,335,000 (135,000) 4,200,000 2016 Refunding 23,660,000 - (810,000) 22,850,000 (835,000) 22,015,000 2018 COP 23,580,000 - (85,000) 23,495,000 (90,000) 23,405,000 Unamortized premiums:
2015 Refunding Series B 360,447 - (20,795) 339,652 (20,795) 318,857 2016 Refunding 2,674,289 - (153,960) 2,520,329 (153,960) 2,366,369 2018 COP 963,800 - (36,600) 927,200 (36,600) 890,600
Compensated absences 605,578 700,919 (617,902) 688,595 (500,000) 188,595 Total $ 56,357,177 755,919$ $ (1,880,089) $ 55,233,007 $ (1,794,403) $ 53,438,604 Balance Balance Due Within Long-Term
July 1, 2022 Additions Deletions June 30, 2023 One Year Amount Business-Type Activities:

Certificates of participation:
2015 Refunding Series A $ 7,835,000 -$ (630,000) $ $ 7,205,000 $ (650,000) $ 6,555,000 2015 Refunding Series B 3,650,000 - (5,000) 3,645,000 (5,000) 3,640,000 Unamortized premium/discount:
2015 Refunding Series A (62,672) - 6,065 (56,607) 6,065 (50,542) 2015 Refunding Series B 418,427 - (24,140) 394,287 (24,140) 370,147 Total $ 11,840,755 -$ (653,075) $ $ 11,187,680 $ (673,075) $ 10,514,605 Year Ending Governmental Activities
June 30, Principal Interest Total
2024 23,048 $ $ 2,596 $ 25,644
2025 11,674 2,045 13,719
2026 4,810 1,730 6,540
2027 5,221 1,515 6,736
2028 5,656 1,283 6,939
2029-2033 26,822 2,408 29,230
Totals $ 77,231 $ 11,577 $ 88,808
42 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
B. CERTIFICATES OF PARTICIPATION
2015 Refunding Series B (Governmental Activities and Business-Type Activities) In May 2015, the City issued $8,895,000 of tax-exempt refunding certificates of participation to refund 1) the 2006B outstanding certificates of participation (business-type activities used to finance a portion of the Legacy Park acquisition for the Commercial Real Estate Rental Enterprise Fund) in the amount of $4,130,000 and 2) the 2010C outstanding certificates of participation (governmental activities used to finance a portion of the City Hall renovations) in the amount of $5,890,000. The 2015 certificates were issued at a premium of $1,099,028 which is being amortized on a straight-line basis to interest expense through the year 2039. Both refunded series were paid in full by June 30, 2016, and there are no certificates outstanding.

The refunding of the 2006B Series resulted in a difference between the reacquisition price of the 2006B Series and the net carrying amount of the applicable portion of the 2015B Series of $107,412. This difference is reported as a deferred outflow of resources (business-type activities) and is being amortized on a straight-line basis to interest expense through July 1, 2036. At year-end, the unamortized amount was $68,121.

The refunding of the 2010C Series resulted in a difference between the reacquisition price of the 2010C Series and the net carrying amount of the applicable portion of the 2015B Series of $93,572. This difference is reported as a deferred outflow of resources (governmental activities) and is being amortized on a straight-line basis to interest expense through July 1, 2039. At year-end, the unamortized amount was $62,162.

Semi-annual interest payments are due on November 1 and May 1 beginning on November 1, 2015. Annual principal payments are due on November 1 in years 2015 through 2039. 2015 Refunding Series A (Business-Type Activities)
In May 2015, the City issued $11,940,000 of taxable refunding certificates of participation to refund the 2006A outstanding certificates of participation in the amount of $10,795,000. The 2006A certificates were issued to finance a portion of the acquisition of Legacy Park for the Commercial Real Estate Rental Enterprise Fund. The certificates were issued at a discount of $105,881 which is being amortized on a straight-line basis to interest expense through the year 2033.

The refunding resulted in a difference between the reacquisition price of the 2006A Series and the net carrying amount of the 2015A Series of $644,222. This difference is reported as a deferred outflow of resources and is being amortized on a straight-line basis to interest expense through July 1, 2032. At year-end, the unamortized amount was $340,053. The refunded series has been paid in full and there are no certificates outstanding.

Each certificate of participation represents a direct and proportionate interest in the semi-annual interest payments and annual principal payments due on the certificates. Installment payments for the issues are payable from any source of lawfully available funds of the City. There are no assets pledged as collateral for the debt, no required reserve, and no unused lines of credit. There are no finance-related consequences related to significant events of default or termination, and there are no acceleration clauses. The interest rate on the certificates is fixed and ranges from 0.55% to 4.00%. Semiannual interest payments are due on November 1 and May 1 beginning on November 1, 2015. Annual principal payments are due on November 1 in years 2015 through 2032.
2016 Refunding Series A (Governmental Activities)
In October 2016, the City issued $27,295,000 of tax-exempt refunding certificates of participation to 1) refund the 2009 Series A, 2009 Series B, and 2010 Series D outstanding certificates of participation in the amounts of $17,270,000, $595,000, and $440,000, respectively, and 2) to acquire real property known as Trancas Field in the amount of $11,300,000. The purpose of the 2009 Series A and B and the 2010 Series D certificates was to acquire and renovate the 43 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
building which is being used as the current city hall. The 2016 certificates were issued at a premium of $3,553,165 which is being amortized on a straight-line basis to interest expense.

The refunding of the 2009 Series A, 2009 Series B, and 2010 Series D resulted in differences between the reacquisition price of the refunded certificates and the net carrying amount of the 2016 Series A certificates. These differences are reported as a deferred outflow of resources and are being amortized to interest expense using the straight-line method.

Semi-annual interest payments are due on May 1 and November 1 beginning on May 1, 2017. 2018 Series A (Governmental Activities)
In September 2018, the City issued $23,665,000 of tax-exempt certificates of participation to provide funds for the acquisition of three land parcels known as the Sycamore Village Parcel, the Island Parcel, and the Christmas Tree Lot.

The cost of the parcels totaled $42,500,000. In addition to the proceeds of the certificates, the City used general fund monies and grant monies to fund the acquisition. The certificates were issued at a premium of $1,104,105 which is being amortized on a straight-line basis to interest expense through the year 2049.

Semi-annual interest payments are due on May 1 and November 1 beginning on November 1, 2018. Annual principal payments are due on November 1 in years 2021 through 2048.

ANNUAL AMORTIZATION REQUIREMENTS – CERTIFICATES OF PARTICIPATION The annual requirements to amortize the certificates of participation as of June 30, 2023, are as follows:

COP 2009 COP 2009 COP 2010
Series A Series B Series D
Deferred loss at date of refunding $ 1,762,892 $ 129,899 $ 63,719 Amortized through date 7/1/2039 7/1/2024 7/1/2024
Unamortized amount at 6/30/23 $ 1,242,112 $ 16,852 $ 8,266 Outstanding refunded certificates at 6/30/23 $ - $ 175,000 $ - 2016 COP Refunding of:

Year Ending
June 30, Principal Interest Total
Business-type Activities
2024 $ 655,000 $ 433,726 $ 1,088,276
2025 675,000 413,511 1,088,726
2026 690,000 391,687 1,088,511
2027 705,000 368,908 1,081,687
2028 730,000 341,810 1,071,810
2029-2033 4,055,000 1,234,116 5,289,116
2034-2037 3,340,000 315,818 3,655,818
Totals $ 10,850,000 $ 3,499,576 $ 14,363,944
44 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023

5. LIMITED OBLIGATION LIABILITIES
Community Facilities District No. 2006-1 (Carbon Beach) The Community Facilities District No. 2006-1 of the City of Malibu (CFD) has issued special tax bonds pursuant to the Mello-Roos Community Facilities Act of 1982 to finance the undergrounding of utilities along Pacific Coast Highway at Carbon Beach. Although the City collects and disburses funds for the CFD, the City has no obligation or duty to pay any delinquency out of any available funds of the City. These bonds are not included in the accompanying financial statements as neither the faith and credit nor the taxing powers of the City have been pledged to the payment of the obligations. The construction is complete, and debt service payments are the only activity on the bonds. The bond’s required reserve funds are recorded in the Carbon Beach CFD Custodial Fiduciary Fund. The original CFD Bonds were issued for $4,365,000 and were refunded in July 2011; in Fiscal Year 2015-16, the July 2011 refunding bonds were also refunded, and in February 2016, refunding bonds were issued for $3,520,000. The bonds outstanding at June 30, 2023 total $2,710,000.

Assessment District No. 2010-1 (Broad Beach)
The City of Malibu Broad Beach Road Underground Utilities Assessment District 2010-1 (AD) has issued limited obligation improvement bonds pursuant to the Improvement Bond Act of 1915 to finance the undergrounding of utilities in a portion of Broad Beach Road. Although the City collects and disburses funds for the AD, the City has no obligation or duty to pay any delinquency out of any available funds of the City. These bonds are not included in the accompanying financial statements as neither the faith and credit nor the taxing powers of the City have been pledged to the payment of the obligations. The construction is complete, and debt service payments are the only activity on the bonds. The bond’s required reserve funds are recorded in the Broad Beach AD Custodial Fiduciary Fund. The AD Bonds were originally issued for $2,238,285; bonds outstanding at June 30, 2022 total $1,475,000.

Assessment District No. 2015-1 (Civic Center Wastewater Treatment Facility) A. Bonds: The Assessment District No. 2015-1 of the City of Malibu (AD) has issued limited obligation improvement bonds pursuant to the Improvement Bond Act of 1915 to finance a portion of the costs of constructing a wastewater treatment plant serving the City’s civic center. Although the City collects and disburses funds for the AD, the City has no obligation or duty to pay any delinquency out of any available funds of the City. These bonds are not included in the accompanying financial statements as neither the faith and credit nor the taxing powers of the City have been pledged to the payment of the obligations. The construction is complete, and debt service payments are the only activity on the bonds. The bond’s required reserve funds are recorded in the Civic Center Wastewater Treatment Facility AD Custodial Fiduciary Fund. The AD bonds were issued for $6,295,000 in May 2016; bonds outstanding at June 30, 2022 total $3,555,800.

B. State Revolving Fund Loan: The Assessment District No. 2015-1 has obtained long-term financing through the State of California’s Revolving Fund Loan program. The loan proceeds were used to finance a portion of the costs to construct a wastewater treatment plant serving the City’s civic center. Although the City collects and Year Ending
June 30, Principal Interest Total
Governmental Activities
2024 1,060,000 $ $ 2,124,150 $ 3,184,150
2025 1,100,000 2,074,325 3,174,325
2026 1,285,000 2,014,700 3,299,700
2027 1,345,000 1,948,950 3,293,950
2028 1,410,000 1,880,075 3,290,075
2029-2033 8,075,000 8,391,938 16,466,938
2034-2038 9,845,000 6,573,956 16,418,956
2039-2043 10,965,000 4,306,806 15,271,806
2044-2048 12,750,000 1,756,925 14,506,925
2049 2,845,000 52,075 2,897,075
Totals $ 50,680,000 $ 31,123,900 $ 81,803,900
45 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
disburses funds for the Assessment District, the City has no obligation or duty to pay any delinquency out of any available funds of the City. These loans are not included in the accompanying financial statements as neither the faith and credit nor the taxing powers of the City have been pledged to the payment of the obligations. The construction is complete, and debt service payments are the only activity on the loan. The loan’s required reserve funds are recorded in the Civic Center Wastewater Treatment Facility AD Custodial Fiduciary Fund. The loan amount outstanding at June 30, 2022 totals $42,999,410.

6. LEASE RECEIVABLE
The City’s Commercial Real Estate Rental Enterprise Fund owns three commercial properties at the Legacy Park site; one of the properties is divided into two leasable spaces. As of June 30, 2023, the City has four non-cancelable tenant leases on the properties. A discount rate of 3.38% is used to calculate the net present value of the lease receivable for all agreements, and the discount is amortized as property-related revenue. The deferred inflow of resources is amortized over the term of the agreement using a systematic method to annually recognize revenue equal to the lease revenue recognized.

The following chart shows the lease receivable at year-end, the balance of the deferred inflow of resources at year-end, and the property-related revenues recognized during the fiscal year:

Office/Retail Building: This property is comprised of two spaces available to be leased. The property is valued at $1,141,105 for the land and $2,924,082 for the building. Due to accumulated depreciation, the building had a net book value of $438,613 as of June 30, 2023.
1) An original lease was signed on January 6, 2010, with an amended and extended lease commencing on September 1, 2019, for a five-year term, with options to extend the lease for two additional terms of five years each. The rent increases annually on September 1 by 2% during the first five-year term and by 3% during any option periods exercised. The monthly lease payment was $15,987 at the beginning of the year, increased according to the terms of the agreement, and was $16,307 per month at year-end. There are no contingent rental payments on this lease.
2) A lease was signed on May 14, 2012, for 1,145 square feet of the total 4,501 square feet of this building. The lease was effective on January 14, 2013, for a ten-year period with an option to extend for one, ten-year period.

The monthly rate increases by 3% on January 1 of each year of the lease term. The monthly lease payment was $4,282 at the beginning of the year, increased according to the terms of the agreement, and was $4,411 per month at year-end. There are no contingent rental payments on this lease.

Animal Hospital: The City assumed the existing lease upon purchase of the Legacy Park site in 2006; an extension to the lease was executed on April 10, 2013, which extends the lease through January 1, 2025. The lease includes a $25,000 annual rent reduction which is applied evenly to each month. The monthly lease payment increases by 2% annually on January 1, and there are no contingent rental payments on this lease. After the application of the rent reduction, the monthly lease payment was $23,283 at the beginning of the year, increased according to the terms of the agreement, and was $23,791 per month at year-end. This leased property is valued at $855,829 for the land and $2,303,900 for the building and its improvements. Due to accumulated depreciation, the building had a net book value of $924,812 as of June 30, 2023.

Office Building Animal Lumber
Lease #1 Lease #2 Hospital Yard Total
Balances at fiscal year-end:

Lease receivable $ 2,105,688 $ 447,879 $ 415,761 $ 26,591,843 $ 29,561,171 Deferred inflow of resources 2,105,688 447,879 415,761 26,591,843 29,561,171 Property-related revenue recognized
during the fiscal year:

Lease revenue 119,820 35,313 259,616 141,714 556,463
Amortization of present value discount 75,222 16,332 22,828 903,594 1,017,976 46 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
Lumber Yard: The City executed a master lease agreement for the property in 2008 with the lease commencing on March 1, 2008, and continuing through 2044 with an option to extend to Fiscal Year 2062-63. The lease has fixed increases effective every five years. The minimum monthly lease payments from March 1, 2018, through December 31, 2022, were $84,984 and then increased to $89,234 per month through December 31, 2027. Additionally, the City receives a percentage rental income based on a formula by which the City receives 30% of the tenant’s income collected annually past $2.2 million. In Fiscal Year 2022-23, the tenant’s income collected did not reach the minimum milestone, and the City received no payments from the tenant’s percentage income formula. This leased property is valued at $3,138,040 for the land and $14,588,211 for the building. Due to accumulated depreciation, the building had a net book value of $4,376,463 as of June 30, 2023.

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

7. RETIREMENT BENEFITS
A. DEFINED BENEFIT PLAN

PLAN DESCRIPTION AND ELIGIBILITY
The City of Malibu’s defined benefit pension plan is part of the Miscellaneous Risk Pool of the Public Agency portion of the California Public Employees Retirement System (CalPERS), a cost-sharing multiple-employer defined benefit plan, which acts as a common investment and administrative agent for participating public employers within the State of California. All qualified permanent and probationary employees are eligible to participate in one of the City’s Plans. The City has a two-tiered plan depending on an employee’s entry date into the plan.

• Tier A is for employees who enter the plan prior to January 1, 2013, and provides 2% of the final average compensation per year of service at age 55. The final average compensation is based on the final twelve months of compensation.
• Tier B is for employees who enter the plan on or after January 1, 2013, and provides 2% of the final average compensation per year of service at age 62. The final average compensation is based on the final three years of compensation. This plan is in accordance with the Public Employees’ Pension Reform Act (PEPRA).

Benefit provisions under the Plans are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions, and membership information that can be found on the CalPERS website at www.calpers.ca.gov.

Year Ending Total
June 30, Principal Interest Payments
2024 $ 612,367 $ 999,167 $ 1,611,534
2025 497,701 978,325 1,476,026
2026 376,312 961,647 1,337,959
2027 397,046 948,927 1,345,973
2028 445,491 935,508 1,380,999
2029-2033 2,692,659 4,426,137 7,118,796
2034-2038 2,262,742 3,981,216 6,243,958
2039-2043 2,634,280 3,594,650 6,228,930
2044-2048 3,443,721 3,096,658 6,540,379
2049-2053 4,416,175 2,451,222 6,867,397
2054-2058 5,581,947 1,628,812 7,210,759
2059-2063 6,200,730 579,456 6,780,186
Totals $ 29,561,171 $ 24,581,725 $ 54,142,896
47 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
For the information included in this report, the following timeframes are used:

BENEFITS PROVIDED
CalPERS provides service retirement and disability benefits, annual cost of living adjustments, and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full-time employment. Members with five years of total service are eligible to retire at age 50 to 62 with statutorily reduced benefits. All members are eligible for non-industrial disability benefits after five years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost-of-living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

The Plans’ provisions and benefits in effect for the plan year ended June 30, 2023, are summarized as follows:

CONTRIBUTIONS
Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS’ annual actuarial valuation process.

The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability.

The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. The City’s contribution rates may change if plan contracts are amended. Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contributions requirements are classified as plan member contributions. During the year, the employer contributions recognized as a reduction to the net pension liability totaled $1,218,844.

PENSION LIABILITIES, PENSION EXPENSES, & DEFERRED OUTFLOWS/INFLOWS OF PENSION-RELATED RESOURCES As of June 30, 2023, the City reported net pension liabilities totaling $8,507,593. The City’s net pension liability is measured as the proportionate share of the net pension liability measured as of June 30, 2022. The total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2021, rolled forward to June 30, 2022, using standard update procedures. The City’s proportionate share of the net pension liability was based on a projection of the City’s long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined.

Actuarial Valuation Date for Pension Liability: June 30, 2021 Measurement Date: June 30, 2022
Measurement Period: July 1, 2021 through June 30, 2022
Miscellaneous Risk Pool
Tier I Tier II - PEPRA
Prior to On or After
Hire date January 1, 2013* January 1, 2013
Benefit formula 2% at 55 2% at 62
Benefit vesting schedule 5 years of service 5 years of service Benefit payments monthly for life monthly for life
Retirement age 50 - 63 52-67
Monthly benefits, as a %
of eligible compensation 1.426% to 2.418% 1.0% to 2.5%
Required employee contribution rates 7% 7.25%
Required employer contribution rates:

Normal cost rate 11.610% 7.760%
Payment of unfunded liability $592,130 $13,787
* Closed to new entrants
48 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
The City’s proportionate share of the net pension liability as of June 30, 2022 and 2021 was as follows:

For the year ended June 30, 2023, the City recognized pension expense of $1,891,016. At June 30, 2023, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

The $1,372,946 deferred outflow of resources related to the contributions made subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending June 30, 2024. Other amounts reported as deferred inflows and outflows of resources related to pensions will be recognized as a component of pension expense as follows:

ACTUARIAL METHODS AND ASSUMPTIONS
The collective total pension liability for the June 30, 2022 measurement period was determined by an actuarial calculation as of June 30, 2021, with update procedures used to roll forward the total pension liability to June 30, 2022. The June 30, 2022, total pension liability was based on the following actuarial methods and assumptions:

Miscellaneous
Risk Pool
Proportion - June 30, 2021 0.05496%
Proportion - June 30, 2022 0.07365%
Change - Increase (Decrease) 0.01869%
Deferred Deferred
Outflows of Inflows of
Resources Resources
Pension contributions subsequent to measurement date $ 1,372,946 $ - Differences between actual and expected experience 170,849 (114,427) Change in assumptions 871,781 -
Net differences between projected and actual
earnings on plan investments 1,558,365 -
Change in employer's proportion 809,129 -
Differences between the employer's contributions and
the employer's proportionate share of contributions - (379,271) Total $ 4,783,070 $ (493,698)
Fiscal Year Amount
2023-24 860,288 $
2024-25 713,488
2025-26 389,500
2026-27 953,150
Totals $ 2,916,426
49 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
All other actuarial assumptions used in the June 30, 2021 valuation were based on the results of an actuarial experience study; the Experience Study report can be obtained at the CalPERS website under Forms and Publications.

DISCOUNT RATE
The discount rate used to measure the total pension liability was 6.9% for each plan. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at statutorily required rates, actuarially determined. Based on those assumptions, the plans’ 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.

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.

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

Miscellaneous Risk Pool
Valuation date June 30, 2021
Measurement date June 30, 2022
Actuarial cost method Entry-Age Normal Cost Method
Actuarial assumptions:

Discount rate 6.90%
Inflation 2.30%
Salary increases (1)
Mortality rate table (2)
Post retirement benefit increases (3)
Notes
(1) Varies by entry age and service
(2)
(3)
The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study. The rates incorporate Generational Mortality to capture ongoing mortality improvement using 80% of Scale MP 2020 published by the Society of Actuaries. For more details on this table, refer to the 2021 CalPERS Experience Study report that is available on the CalPERS website.

The lesser of contract COLA or 2.3% until purchasing power protection allowance floor on purchasing power applies, 2.3% thereafter.
50 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
The expected real rates of return by asset class are as follows:

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, calculated using the current discount rate as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate:

PENSION PLAN FIDUCIARY NET POSITION
Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

PAYABLE TO THE PENSION PLAN
At June 30, 2023, the City had no outstanding contributions due to the pension plan required for the year then ended.

B. DEFINED CONTRIBUTION PLANS
The City has established four defined contribution plans with each plan being for a specific group of employees. None of the plans meet the requirements of GASB Statement No. 84 for inclusion as a fiduciary activity in the City’s financial statements. Plan assets are held for the exclusive benefit of the plan participants and their beneficiaries and are not available to the creditors of the City. In a defined contribution pension plan, benefits depend solely on amounts contributed to the plan plus investment earnings. For each of the City’s plans:
• The plan was established by City Resolution and may be amended by the City Council. • Contributions by the City are funded by the General Fund. • All City and employee contributions are immediately deposited into an employee’s individual account. • Contributions and any interest earned immediately vest in full to the employee. • No separate financial statements are available.
• Plan investments are reported at fair value and are based on quoted market prices.

New Real Return
Strategic Years
Asset Class Allocation 1-10 *
Global equity, cap-weighted 30.00% 4.45%
Global equity, non-cap-weighted 12.00% 3.84%
Private equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed Securities 5.00% 0.50%
Investment Grade Corporates 10.00% 1.56%
High Yield 5.00% 2.27%
Emerging Market Debt 5.00% 2.48%
Private Debt 5.00% 3.57%
Real Assets 15.00% 3.21%
Leverage -5.00% -0.59%
Total 100.00%
* Using an expected inflation of 2.3%
Current
1% Decrease Discount Rate 1% Increase

5.90% 6.90% 7.90%
Net Pension Liability $ 13,890,984 8,507,593$ 4,078,398$ 51 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023

1. City Manager Plan: In March 2004, the City entered into a defined contribution pension plan with ICMA Retirement Corporation (ICMA) for benefits at retirement for the City Manager. This plan is a deferred compensation plan created in accordance with Internal Revenue Code Section 401(a). The plan requires the City to contribute six percent of the City Manager’s salary; the City Manager is not allowed to make contributions.

Terminated employees are not allowed to participate in the plan; all vested assets of terminated employees are removed and are under the control of the terminated employee. During Fiscal Year 2022-23, the City contributed $14,100 on behalf of the City Manager, based on a salary of $235,000 for the covered period. There was one covered employee during the year.

2. Department Head Plan: In March 2004, the City entered into a defined contribution pension plan with ICMA for benefits at retirement for the City’s Department Heads. This plan is a deferred compensation plan created in accordance with Internal Revenue Code Section 401(a). The plan requires the City to contribute $3,000 annually (or a proportional amount based on the covered time period) on behalf of each member; members are not allowed to make contributions. Terminated employees are not allowed to participate in the plan; all vested assets of terminated employees are removed and are under the control of the terminated employee. During Fiscal Year 2022-23, the City contributed a total of $21,000 on behalf of the covered employees. There were seven covered employees during the year.

3. Full-Time Employee Plan: In July 2006, the City entered into a defined contribution pension plan with ICMA for all of its full-time employees. This plan is a deferred compensation plan created in accordance with Internal Revenue Code Section 457. All full-time employees are eligible to participate from the date of employment. In this defined contribution plan, the City is required to match an employee’s contributions up to $50 per pay period. While the City Manager and Department Heads may contribute to this plan, the City does not match their contributions. During the year ended June 30, 2023, there were 69 employees participating in the plan. The City made employer contributions of $78,950, and employees contributed $314,084.

4. Part-Time Employee Plan: In January 2007, the City entered into a defined contribution pension plan with Public Agency Retirement System (PARS) for benefits at retirement for all of its part-time employees. This is an alternative retirement system for those not covered by a CalPERS retirement plan. All part-time employees are eligible to participate from the date of employment. Federal legislation requires contributions of at least 7.5% to a retirement plan. Plan members are required to contribute 6.2% of their salaries, and the City is required to contribute 1.3% of the members’ salaries. For the year ended June 30, 2023, the City’s covered payroll was $380,987 for the 33 employees participating in the plan. The City made employer contributions of $4,953, and employees contributed $23,621.

8. OTHER POST-EMPLOYMENT BENEFITS

PLAN DESCRIPTION
The City provides post-employment benefits to retired employees in the form of a contribution toward their medical premiums under the CalPERS health plan, which provides medical insurance benefits to eligible retirees in accordance with various labor agreements. Employees are eligible for retiree health benefits if they retire directly from the City under CalPERS (see Note 7A) and are enrolled in a CalPERS retiree health plan. The City participates in the California Employer’s Retiree Benefit Trust Program (CERBT). CERBT is administered by CalPERS and is an agent multipleemployer plan. The minimum required retiree contributions are established by CalPERS. Copies of the CalPERS’ annual financial report may be obtained from the CalPERS Executive Office, 400 P Street, Sacramento, CA 95814.

For this report, the following timeframes are used related to the OPEB Plan:

Actuarial Valuation Date for OPEB Liability: June 30, 2021 Measurement Date: June 30, 2022
Measurement Period: July 1, 2021 through June 30, 2022
52 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023

ELIGIBILITY
As of the measurement date of June 30, 2022, the following current and former employees were covered by the benefit terms under the plan:

CONTRIBUTIONS
The benefit provisions and contribution requirements of plan members and the City are established and may be amended through agreements and memorandums of understanding between the City, its employees, and unions representing the City’s employees. Administrative costs of the OPEB plan are financed through investment earnings. The contribution required to be made under City Council and labor agreements is based on a pay-as-you-go basis (i.e., as medical insurance premiums become due). For the measurement period ending June 30, 2022, the City recognized contributions of $848,722 as a reduction to the net OPEB liability. The contributions consisted of $26,339 in benefit payments, $719 in administrative costs, and $821,664 for the estimated implied subsidy. The City’s contributions are funded by the General Fund.

NET OPEB LIABILITY
The total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation dated June 30, 2021, with a measurement date of June 30, 2022. Following is a summary of the principal assumptions and methods used to determine the total OPEB liability.

ACTUARIAL ASSUMPTIONS
The total OPEB liability in the June 30 2021 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:

Inactive employees currently receiving
benefit payments 29
Inactive employees entitled to but not
yet receiving benefit payments 12
Active employees 86
Total 127
OPEB Plan
Valuation date June 30, 2021
Measurement date June 30, 2022
Actuarial cost method Entry age normal, level percentage of payroll Actuarial assumptions:

Discount rate 6.25%
Long-term Expected Rate
of Return on Investments
Inflation 2.50%
Healthcare trend rates Non-Medicare: 6.50% for 2023, decreasing to an ultimate rate of 3.75% in 2076
Medicare (non-Kaiser): 5.65% for 2023, decreasing to an ultimate rate of 3.75% in 2076
Medicare (Kaiser): 4.6% for 2022, decreasing to an
ultimate rate of 3.75% in 2076
Mortality, Retirement, Disability
and Termination CalPERS 2000-2019 experience study
Mortality improvement Mortality projected fully generational with Scale MP-2021 Salary increases Aggregate: 2.75%
Merit: CalPERS 2000-2019 experience study

6.25%
53 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
The long-term expected rate of return is an estimate and is presented as geometric means developed over a 20-year period.

The long-term expected real rates of return for each major asset class included in the OPEB plan’s target asset allocation, as of the June 30, 2022, measurement date, are summarized below:

DISCOUNT RATE
The discount rate used to measure the total OPEB liability was 6.25 percent. The projection of cash flows used to determine the discount rate, expected City contributions to keep sufficient plan assets to pay all benefits from the trust.

Based on those assumptions, the OPEB plan’s fiduciary net position was projected to be available to make all projected OPEB payments for current active and inactive employees and beneficiaries. Therefore, the long-term expected rate of return on the CERBT Trust investments was applied to all periods of the projected benefit payments to determine the total OPEB liability.

CHANGES IN THE NET OPEB (ASSET)/LIABILITY
The changes in the net OPEB (asset)/liability are as follows:

SENSITIVITY OF THE NET OPEB LIABILITY TO CHANGES IN THE DISCOUNT RATE The following presents the net OPEB liability of the City, as well as what the City’s net OPEB (asset)/liability would be if it were calculated using a discount rate that is one percentage point lower and one percentage point higher than the current discount rate. A one-percentage point higher discount rate results in a net OPEB asset while a onepercentage point lower discount rate results in a larger net OPEB liability.

Target Long-Term
Allocation Expected
CERBT Real Rate
Asset Class Strategy 1 of Return
Global equity 49.00% 4.56%
Fixed income 23.00% 1.56%
TIPS 5.00% -0.08%
Commodities 3.00% 1.22%
REITS 20.00% 4.06%
Total 100.00%
Total Plan Net OPEB
OPEB Fiduciary Liability/
Liability Net Position (Asset)
Balance at Measurement Date: 6/30/21 $ 7,969,671 $ 8,945,936 $ (976,265) Changes in the Year:

Service cost 521,040 - 521,040
Interest on the total OPEB liability 521,619 - 521,619
Actual vs expected experience - - -
Assumption change - - -
Contributions - employer - 848,722 (848,722)
Net investment income - (1,317,558) 1,317,558
Benefit payments (289,603) (289,603) -
Administrative expenses - (3,169) 3,169
Net Changes 753,056 (761,608) 1,514,664
Balance at Measurement Date: 6/30/22 $ 8,722,727 $ 8,184,328 $ 538,399 Change of Assumptions: There were no changes of assumptions.

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

Increase (Decrease)
54 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023

SENSITIVITY OF THE NET OPEB LIABILITY TO CHANGES IN MEDICAL TREND RATES The following presents the net OPEB liability of the City, as well as what the City’s net OPEB (asset)/liability would be if it were calculated using medical trend rates that are one percentage point lower and one percentage point higher than the current medical trend rate. A one-percentage point higher medical trend rate results in a larger net OPEB liability while a one-percentage point lower medical trend rate results in a net OPEB asset.

OPEB EXPENSE AND DEFERRED OUTFLOWS/INFLOWS OF RESOURCES RELATED TO OPEB For the year ended June 30, 2023, the City recognized OPEB expense of $492,432. At June 30, 2023, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

The $38,291 deferred outflow of resources for contributions made subsequent to the measurement date will be recognized as a reduction of the OPEB liability for the year ended June 30, 2024. All other amounts reported as deferred outflows and inflows of resources will be recognized as a component of OPEB expense as follows:

PAYABLE TO THE OPEB PLAN
At June 30, 2023, the City had no outstanding contributions due to the OPEB plan required for the year then ended.

Current
1% Decrease Discount Rate 1% Increase

5.25% 6.25% 7.25%
Net OPEB Liability/(Asset) $1,799,038 $538,399 ($493,236) Current Healthcare
1% Decrease Cost Trend Rate 1% Increase
(5.5% Non-Medicare/ (6.5% Non-Medicare/ (7.5% Non-Medicare/

4.65%-3.60% Medicare 5.65%-4.60% Medicare 6.65%-5.60% Medicare Decreasing to 2.75%) Decreasing to 3.75%) Decreasing to 4.75%) Net OPEB Liability/(Asset) ($729,500) $538,399 $2,141,812 Deferred Deferred
Outflows of Inflows of
Resources Resources
OPEB contributions subsequent
to measurement date $ 38,291 $ -
Differences between expected
and actual experience 37,358 (510,394)
Changes in assumptions 311,294 (112,152)
Differences between projected
and actual earnings 720,372 -
Total 1,107,315$ $ (622,546)
Fiscal Year Amount
2023-24 $ 60,878
2024-25 55,387
2025-26 26,663
2026-27 320,272
2027-28 (64,293)
Thereafter 47,571
Totals $ 446,478
55 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023

9. DEVELOPER FEES

PARKLAND DEVELOPMENT
The City of Malibu charges Parkland Development fees when new residential units are constructed. In Fiscal Year 2022- 23, the fees were $4,968 for each detached single-family dwelling; $4,240 for each unit of an attached multi-family dwelling with fewer than five units; $3,159 for each unit of an attached multi-family dwelling with five or more units; $3,938 for each unit of a duplex, triplex, or quadplex; and $2,857 for each mobile home space. The fees are deposited in the Parkland Development In-Lieu special revenue fund, and they are used to acquire and upgrade parks. The State of California requires fees to be spent within five years of collection. During the current year, the City collected Parkland Development fees of $32,437 and earned interest of $4,139; there were no expenditures during the year. At June 30, 2023, the balance of fees on hand was $161,662.

ART IN PUBLIC PLACES
Property owners are subject to the City’s Art in Public Places ordinance when the total construction cost of certain commercial, institutional, and multi-family residential development projects exceeds two hundred and fifty thousand dollars ($250,000) or certain Capital Improvement Projects (CIP) exceed one million dollars ($1,000,000). When applicable, the property owner is required to acquire and install approved public art on the project site, or an alternative site within and acceptable to the City. In lieu of acquiring and installing public art, property owners may pay a public art contribution into the Public Art Fund, equal to at least one percent of the project’s total construction cost, or the total CIP cost, as applicable. The fees are deposited in the Art in Public Places In-Lieu special revenue fund, and they are used to incorporate public art throughout the City. During the current year, the City collected no Art in Public Places fees and earned interest of $1,039; there were no expenditures during the year. At June 30, 2023, the balance of fees on hand was $36,888.

10. INTERFUND TRANSACTIONS
During the normal course of operations, the City had a variety of transactions between funds.

LONG-TERM LOANS – ADVANCES TO/FROM OTHER FUNDS
During Fiscal Years 2018-19 through 2020-21, the General Fund provided temporary funding to the Wastewater Treatment Facility Enterprise Fund for the cumulative excess of the facility’s operating costs over the rates. The City Council adopted Resolution No. 20-61 which approved an interfund loan agreement effective as of July 1, 2019. Interest on the loan accrues at the published quarterly apportionment rate of the State of California’s Local Agency Investment Fund, compounded annually. Funds to repay the loan have been included in the wastewater and recycled water rates beginning in Fiscal Year 2021-22. The loan agreement calls for a repayment term of three years commencing in Fiscal Year 2021-22. At June 30, 2023, the outstanding balance of the loan was $186,113.

SHORT-TERM LOANS – DUE TO/FROM OTHER FUNDS
Due to and from other funds are transactions that represent routine and temporary cash flow assistance from the General Fund to other funds in advance of receiving grant funds or other types of revenue. The composition of these short-term balances at June 30, 2023, is as follows:

Due from Due to
Other Funds Other Funds
Major Funds:

General Fund 1,104,823$ $ -
Grants Special Revenue Fund - 1,062,532
Nonmajor Governmental Funds - 42,291
Total 1,104,823$ 1,104,823$
56 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023

TRANSFERS
Transactions that move resources from a fund receiving revenue to the fund through which the resources are expended are recorded as transfers. Transfers for the year ended June 30, 2023, are as follows:

The City uses the Capital Improvements Fund to account for all of its governmental capital projects. The funding sources for those projects are reported as transfers from various funds to the Capital Improvements Fund. All other interfund transfers were to move resources from one fund to the fund in which the expenditures being funded were recorded.

11. LIABILITY, WORKERS’ COMPENSATION, AND PURCHASED INSURANCE

DESCRIPTION OF SELF-INSURANCE POOL PURSUANT TO JOINT POWERS AGREEMENT The City is a member of the California Joint Powers Insurance Authority (Authority). The Authority is comprised of 124 California public entities and is organized under a joint powers agreement pursuant to California Government Code §6500 et seq. The purpose of the Authority is to arrange and administer programs for the pooling of self-insured losses, to purchase excess insurance or reinsurance, and to arrange for group-purchased insurance for property and other lines of coverage. The Authority began covering the claims of its members in 1978. Each member government has an elected official as its representative on the Board of Directors. The Board operates through a nine-member Executive Committee.

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

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

The overall coverage limit for each member, including all layers of coverage, is $50 million per occurrence. Subsidence losses have a sub-limit of $50 million per occurrence limit. The coverage structure is composed of a combination of Transfers Out
Governmental Fund Type
Grants
General Special Nonmajor
Fund Revenue Funds Total
Governmental Fund Type:

Major Funds:

General Fund $ - $ - $ 928,848 $ 928,848
Capital Improvements
Capital Projects Fund 20,929 572,447 311,473 904,849
Nonmajor Funds 16,332 - - 16,332
Total $ 37,261 $ 572,447 $ 1,240,321 $ 1,850,029
Major Funds
Transfers In
57 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
pooled self-insurance, reinsurance, and excess insurance. Additional information concerning the coverage structure is available on the Authority’s website: https://cjpia.org/coverage/risk-sharing pools/.

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

For 2022-23, the Authority’s pooled retention is $1 million per occurrence, with reinsurance to statutory limits under California Workers’ Compensation Law. Employer’s liability losses are pooled among members to $1 million. Coverage from $1 million to $5 million is purchased through reinsurance policies, and employer’s liability losses from $5 million to $10 million are pooled among members.

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

Property Insurance. The City of Malibu participates in the all-risk property protection program of the Authority. This insurance protection is underwritten by several insurance companies. The City’s property is currently insured according to a schedule of covered property submitted by the City to the Authority. The City’s property currently has all-risk property insurance protection in the amount of $107,249,398. There is a $10,000 deductible per occurrence except for non-emergency vehicle insurance which has a $2,500 deductible.

Earthquake and Flood Insurance. The City of Malibu purchases earthquake and flood insurance on a portion of its property. Earthquake insurance is part of the property protection insurance program of the Authority. The City’s property currently has earthquake protection in the amount of $66,006,470. There is a deductible of 5% per unit of value with a minimum deductible of $100,000.

Crime Insurance. The City purchases crime insurance coverage in the amount of $1 million with a $2,500 deductible.

The fidelity coverage is provided through the Authority.

Special Event Tenant User Liability Insurance. The City further protects against liability damages by requiring tenant users of certain property to purchase low-cost tenant user liability insurance for certain activities on City property. The insurance premium is paid by the tenant user and is paid to the City according to a schedule. The City then pays for the insurance. The insurance is facilitated by the Authority.

ADEQUACY OF PROTECTION
During the past three fiscal years, none of the above programs of protection experienced settlements or judgments that exceeded pooled or insured coverage. There were no significant reductions in pooled or insured liability coverage in Fiscal Year 2022-23.

12. COMMITMENTS AND CONTINGENCIES
A. The City has received State and Federal funds for specific purposes that are subject to review by the grantor agencies.

While unexpected, such audits could generate expenditure disallowances under the terms of the grants; the City is unable to determine the effect this may have on the financial condition of the City at this time.

B. The City is prone to natural disasters. The City is aware of the potential for disaster and attempts to maintain an adequate fund balance in the General Fund to cover the cost of these disasters. Council Policy No. 3 requires a 58 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
minimum of 50% of the General Fund operating budget to be maintained in the General Fund Undesignated Reserve.

Based on the City’s history, there remains a potential for a call on future revenues and existing fund balances.

C. On November 9, 2018, the Woolsey Fire burned the western portion of the City of Malibu. Approximately 480 private structures were damaged or destroyed. The City remains committed to helping the residents rebuild and recover and has retained additional consultant services to aid that effort. The City anticipates that this higher level of service will continue to be necessary for the next several years. The City adopted Resolution No. 19-30 on June 24, 2019, which waived permit fees for all like-for-like and like-for-like plus 10% of Woolsey Fire rebuilds for Fiscal Year 2019-20. Council established that fee waivers will only apply to properties that were primary residences at the time of the Woolsey Fire. On June 22, 2020, Council adopted Resolution No. 20-32 extending the refund deadline for the Woolsey Fire fee waivers. On March 22, 2021, Council adopted Resolution No. 21-10 further extending the fee waiver deadlines; again, on November 8, 2021, with Resolution No. 21-62, and again on September 11, 2023, with Resolution 23-40, the fee waiver deadline was extended through December 30, 2024. At fiscal year-end, some eligible permittees had yet to request a refund of fees paid; a liability has been recorded for the estimated fees eligible to be refunded.

D. On March 19, 2020, Governor Newsom issued Executive Order N-33-20 ordering all residents of California to stay home except as needed to maintain the operations of critical infrastructure sectors. The County of Los Angeles issued a Health Officer Order and a series of revisions that mirrored and expanded the Governor’s Executive Order. Original estimates anticipated that the pandemic would dampen the City’s revenues for several years. By the end of Fiscal Year 2020-21, most revenue sources had recovered, and Fiscal Year 2021-22 experienced an increase in revenue.

In March 2021, President Biden signed the American Rescue Plan Act (ARPA) to provide funding to cities, towns, and villages to respond and recover from the COVID-19 pandemic. The City was awarded $2.8 million in ARPA funds. The Treasury issued a Final Rule that allowed cities to elect a Revenue Loss Standard Allowance to claim up to $10 million in revenue loss. Thus, the City was able to claim this allowance towards government services for the $2.8 million.

E. The Santa Monica College (SMC) Malibu Satellite Campus Project is currently in construction and is anticipated to be substantially complete in November 2022. As part of the project, SMC is building a 5,700 square foot Sheriff’s substation. The City has been in discussion with Los Angeles County and the Los Angeles County Sheriff’s Department regarding the potential staffing for the proposed substation. A variety of staffing scenarios have currently been requested. According to one preliminary estimate, it could cost up to approximately $4.0 million annually to staff the facility without jail operations. This cost would be in addition to the amount the City is currently paying for the Sheriff’s services it receives out of the Lost Hills Sheriff’s Station. While a portion of these proposed costs may be borne by the County, the majority may be the responsibility of the City depending on the negotiated agreement.

Ongoing discussions are underway with the County and Sheriff’s Department to evaluate staffing levels and costs so that more detailed information can be provided to the Council and presented to the community for input.

13. CAPITAL PROJECTS IN PROGRESS

ANNUAL STREET OVERLAY
The project includes asphalt ready hot mix overlay and slurry seal at various locations that have been identified for this year’s annual street maintenance. The areas included for maintenance are Harvester Road and Busch Drive which will be completed in Fiscal Year 2023-24 and Morning View Drive which will be completed in Summer of Fiscal Year 2024-

25. The streets for Fiscal Year 2024-25 will be selected in the Spring of Fiscal Year 2023-24.

PACIFIC COAST HIGHWAY (PCH) MEDIAN IMPROVEMENT PROJECT
This project will promote traffic safety along PCH by channelizing the highway, regulating turn movements, widening shoulders, and improving traffic operations. The project includes the rehabilitation of the existing raised medians and asphalt and concrete shoulder joints along PCH from the intersection of John Tyler Drive to the intersection of Puerco Canyon Road. The PCH Median Improvement Project is funded by Los Angeles County Measure R, which is administered by the Los Angeles County Metropolitan Transportation Authority. In Fiscal Year 2017-18, the City began the project study report/project development support (PSR/PDS) and in Fiscal Year 2018-19, began the preliminary 59 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
approval and environmental design phase. During Fiscal Year 2022-23, the project design was completed, and the project was advertised for construction bidding. The bids received exceeded the available budget; thus, the project limits were reduced and will be rebid in Fiscal Year 2023-24. The City anticipates construction to be completed in Spring 2024.

PACIFIC COAST HIGHWAY (PCH) SIGNAL SYNCHRONIZATION SYSTEM This project was identified by the PCH Safety Study to improve safety along the Malibu highway corridor. The project will install communication between the existing traffic signals on PCH from Topanga Canyon Road to John Tyler Drive and will connect the signals back to Caltrans’ Traffic Management Center. The project will interconnect the signals and allow Caltrans to control and operate the signals and the signal system remotely. The City awarded a contract for design in Fiscal Year 2016-17. The design was completed, and the construction contract was awarded in Fiscal Year 2022-23.

It is anticipated that construction will be completed in Fiscal Year 2024-25.

MARIE CANYON GREEN STREETS
This project included the installation of various filtration devices to remove or kill bacteria in stormwater. The project reduces the City’s Total Maximum Daily Loads (TMDLs) from stormwater in compliance with the City’s Municipal Separate Storm Sewer System Discharge Permit with the Regional Water Quality Control Board. The project was completed in Fiscal Year 2022-23.

CIVIC CENTER WASTEWATER TREATMENT FACILITY PHASE TWO
The Civic Center Wastewater Treatment Facility Phase One was completed in Fiscal Year 2018-19. The project consisted of constructing a new wastewater and recycled water treatment facility. The new wastewater treatment facility has the capacity to treat up to 190,000 gallons of wastewater per day and has flexibility to expand the treatment capacity for Phases Two and Three. The recycled water system was constructed to supply recycled water to customers within the Civic Center area. Design of Phase Two of the project is underway, and an assessment district engineer has been retained.

The work includes preparing a coastal development permit, construction plans, project specifications, and cost estimates for the design to expand the existing Civic Center Wastewater Treatment Facility. The work also includes the design of a new wastewater collection system for Phase Two property owners, an additional injection well, and the expansion of the recycled water system. The project is currently developing a detailed cultural resource monitoring plan. It is expected that this project will be ready for construction by Spring 2025.

CITY HALL SOLAR POWER PROJECT
This project will include the installation of a solar power system at City Hall. It will include facilities that could be used to charge electric vehicles as well as reduce the City’s overall electricity consumption. The design for this project was completed in 2018; however, construction of the project was delayed due to other priorities. A Request For Qualifications will be released in Fiscal Year 2023-24 seeking a qualified consulting firm to update the design. It is anticipated that construction will begin in Fiscal Year 2023-24.

WESTWARD BEACH ROAD IMPROVEMENTS
This project includes modifications to Westward Beach Road starting at Birdview Avenue and running approximately 1,100 feet west. The project includes a 12’ wide combination sidewalk and bicycle path, and a bicycle connection from PCH to Westward Beach. A new concrete sand barrier will be placed between the beach and the proposed parking area to prevent sand from depositing on the new sidewalk and parking area. Design of this project was completed in Fiscal Year 2020-21. On March 29, 2022, the City Council directed staff to cancel this project and develop a new project that only consists of making roadway repairs along the existing shoulder areas. The revised design was completed in Fiscal Year 2022-23, and construction is anticipated to be complete in Fiscal Year 2023-24.

HEATHERCLIFF ROAD SAFETY IMPROVEMENTS
This project was to address safety issues along Heathercliff Road. The first phase of the project included engineering and design. The project was in the conceptual design phase; however, it was cancelled due to other City priorities. 60 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023

PERMANENT SKATE PARK
This project consists of designing and constructing a permanent 12,500 square-foot, in-ground concrete skate park on the Crummer/Case property adjacent to Malibu Bluffs Park. The project includes parking and adds site amenities such as trash cans, benches, tables, and restrooms. Design began in Fiscal Year 2020-21 and is an ongoing project.

BLUFFS PARK SHADE STRUCTURE
This project installed four single-post shade structures at Malibu Bluffs Park. Two of the shade structures were installed at the Michael Landon Center Playground, and two were installed at the baseball field picnic area. The project was funded through the City’s Proposition A Park Funds. The project was completed in Fiscal Year 2022-23.

LEGACY PARK PAVER REPAIR
This project consisted of removal and repair of a large section of pavers on the north side of the Loop Walkway at Legacy Park. The pavers had become uneven and damaged in several areas, causing a potential safety hazard for park patrons.

The repairs were completed through regular maintenance services, and it has been determined this project is no longer needed.

MALIBU BLUFFS PARK SOUTH WALKWAY
This project will replace the existing walkway on the south side of Malibu Bluffs Park. Staff have repaired or replaced several different sections of the sidewalk over the past several years, but a more in-depth repair and re-leveling of the sub-surface is required. The design for this project began in Fiscal Year 2022-23 and the project is anticipated to be completed in Fiscal Year 2023-24.

TRANCAS CANYON PARK PLAYGROUND RESURFACING
This project will remove and replace the upper layer of the current playground pour-in-place safety surfacing at Trancas Canyon Park. The surfacing was installed in 2011 during the construction of the park, and staff have coordinated regular maintenance and several minor repairs since installation. The surfacing is at the end of its 10-year life and needs replacement. The design for this project will begin in Fiscal Year 2023-24.

PACIFIC COAST HIGHWAY (PCH) OVERHEAD WARNING SIGNS
This project was identified in the PCH Safety Study and included the installation of overhead warning signs on PCH near Moonshadows Malibu Restaurant and Big Rock Drive. It was consolidated with the PCH Crosswalk Improvements at Big Rock Drive and 20326 PCH project.

PACIFIC COAST HIGHWAY (PCH) AT TRANCAS CANYON ROAD RIGHT TURN LANE This project consists of installing a new westbound right turn lane at PCH and Trancas Canyon Road. Funding for this project will be provided by funds administered through Los Angeles County Metropolitan Transit Authority. The design phase of the project began in Fiscal Year 2021-22 and was completed in Fiscal Year 2022-23. It is expected that construction will begin in Fiscal Year 2023-24.

PACIFIC COAST HIGHWAY (PCH) CROSSWALK IMPROVEMENTS AT BIG ROCK DRIVE AND 20326 PCH This project was identified as part of the 2015 PCH Safety Study and includes the installation of overhead warning signs and raised medians on PCH. Flashing warning beacons will be installed approximately 200 feet east and west of 20326 PCH (by Moonshadows Malibu Restaurant). New raised medians and a pedestrian refuge area are planned. Funding for this project was approved in Fiscal Year 2022-23 and design will begin in Fiscal Year 2023-24.

PACIFIC COAST HIGHWAY (PCH) MEDIAN IMPROVEMENTS – PARADISE COVE AND ZUMA BEACH This project was identified as part of the 2015 PCH Safety Study and includes installing new raised medians and improvements. New raised medians are proposed east and west of the Paradise Cove Road intersection. The proposed improvements also include relocation of the existing bus stop and new signage, as well as the installation of new raised 61 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023
medians on PCH in the areas where the double yellow line exist in the vicinity of Zuma Beach, specifically where the yellow paddles are installed. Funding for this project was approved in Fiscal Year 2022-23 and design will begin in Fiscal Year 2023-24.

KANAN DUME BIOFILTER
This project was named in the City’s Enhanced Watershed Management Plan (EWMP) and includes the installation of a biofilter on Kanan Dume Drive to capture and treat stormwater. This project is intended to aid with Municipal Separate Storm Sewer System (MS4) Discharge Permit requirements. Design for this project was delayed and is now scheduled to begin in Fiscal Year 2023-24.

STORMDRAIN TRASH SCREENS PHASE TWO
This project was identified in the City’s Enhanced Watershed Management Plan (EWMP) and includes the installation of trash screens at the City’s storm drain inlets to prevent debris from entering the storm drain system. The proposed trash screens comply with the Trash Total Maximum Daily Load (TMDL) requirements. Trash screens will be installed on City-owned storm drain inlets on John Tyler Drive, Roca Chica Drive, and Piedra Chica Drive. This project will be completed in Fiscal Year 2023-24.

CITY TRAFFIC SIGNALS BACKUP POWER
This project will include upgrading the backup power system to the City’s traffic signals at Civic Center Way/Webb Way, Civic Center Way/Winter Canyon Road, and Civic Center Way/Malibu Canyon Road. Design began in Fiscal Year 2022- 23 and is scheduled to be completed in Fiscal Year 2023-24.

MALIBU CANYON ROAD TRAFFIC STUDY
This project will consist of a traffic study on Malibu Canyon Road near Harbor Vista Drive and Potter Lane to decide if any feasible traffic safety improvements can be constructed at this location. The study began in Fiscal Year 2022-23 and will be completed in Fiscal Year 2023-24.

14. DISASTER RECOVERY CAPITAL PROJECTS IN PROGRESS
Multiple rehabilitation and repair projects became necessary as a result of the Woolsey Fire and the subsequent severe storms that followed in 2019. These projects are funded by a variety of sources including the Federal Emergency Management Agency (FEMA), California Office of Emergency Services (CalOES), and settlements received from Southern California Edison and CJPIA.

CLOVER HEIGHTS STORM DRAIN IMPROVEMENTS
This project consists of the design and construction to improve permanent drainage from Harvester Road to Clover Heights Avenue. The City will manage the permitting, bidding, and construction phase of the project. The City has contracted with a consultant to design the proposed storm drain improvements. The design of the project was completed in Fiscal Year 2022-23.

CORRAL CANYON ROADWAY/RETAINING WALL
The project consisted of removing a damaged metal pipe, replacing it with a reinforced concrete pipe, and installing a rock slope protection system outlet on Corral Canyon Road. The project was canceled.

LATIGO CANYON ROADWAY/RETAINING WALL IMPROVEMENTS
This project consists of repairing the roadway and existing timber retaining walls on Latigo Canyon Road that were damaged by the Woolsey Fire. The City will manage the design, permitting, bidding, and construction phase of the project. The project design was completed in Fiscal Year 2020-21. The City has submitted a project scope change to FEMA and is awaiting review and approval. It is anticipated that the scope modification and construction will occur in Fiscal Year 2023-24.
62 CITY OF MALIBU, CALIFORNIA
NOTES TO THE FINANCIAL STATEMENTS (Continued)
June 30, 2023

TRANCAS CANYON PARK IMPROVEMENTS
This project consists of repairing the damaged planting and irrigation system that was destroyed by the Woolsey Fire.

The project also includes the repair of the septic system equipment in Trancas Canyon Park. The City will manage the design, permitting, bidding, and construction phase of the project. Design commenced in Fiscal Year 2020-21. It is anticipated that the construction will occur in Fiscal Year 2023-24.

TRANCAS CANYON PARK SLOPE IMPROVEMENTS
The project consists of repairing the existing slope east of Trancas Canyon Park. The Woolsey Fire damaged the slope causing stability issues from soil and rock erosion and damaged concrete benching. The City will manage the design, permitting, bidding, and construction phase of the project. Design commenced in Fiscal Year 2020-21. It is anticipated that the construction will occur in Fiscal Year 2023-24.

BROAD BEACH ROAD WATER QUALITY IMPROVEMENTS
The City owns several hundred feet (+800') of permeable pavers, landscaping and underground biofiltration devices located on Broad Beach Road. During the 2019 storm events, these items were damaged by silt, mud, and debris. These devices were installed in Fiscal Year 2015-16 as part of a Clean Water Grant received from the State of California. This project consists of repairing the permeable pavers, replacement of media material in the biofilters and replacing damaged landscaping. Construction for this project will be completed in Fiscal Year 2023-24.

ENCINAL CANYON ROAD DRAINAGE IMPROVEMENTS
This project is located on Encinal Canyon Road where minor erosion areas were discovered after the severe storm events.

This project will consist of repairing the minor erosion areas and improving the drainage. The project was completed in Fiscal Year 2022-23.

MALIBU ROAD SLOPE REPAIRS
The existing slope adjacent to the beach access stairs at 24712 Malibu Road had eroded resulting in damage to Malibu Road. This project repaired the existing slope and pavement on Malibu Road. This project was completed in Fiscal year 2022-23.

WESTWARD BEACH ROAD SHOULDER REPAIRS
This project consists of repairing the shoulder on Westward Beach Road that was damaged during the 2019 rain following the Woolsey Fire. The project is currently in the design phase and is awaiting environmental permit review. Construction for this project will be completed in Fiscal Year 2023-24.

OUTDOOR WARNING SIRENS
Phase One of the outdoor warning sirens project includes a sound study to determine the optimal number and location of individual sirens, power and infrastructure requirements, and siren sound range. The City has been awarded a FEMA Hazard Mitigation grant to fund design, engineering, and environmental compliance. Phase Two of the Emergency Warning Sirens project consists of implementation of the design plan, including purchasing, installing, and testing the sirens. The City will apply for future grant funding for this phase of the project. Design for this project began in Fiscal Year 2021-22 and will continue in Fiscal Year 2023-24.

STORM DRAIN MASTER PLAN
After the Woolsey Fire, the City experienced storm damage throughout the areas affected by the fire. The City received grant funding through the FEMA Hazard Mitigation Grant Program for the development of a Storm Drain Master Plan.

The master plan will be submitted to FEMA for their review in Fiscal Year 2023-24.

POINT DUME WALKWAYS REPAIR
This project consists of repairing damaged walkways in the Point Dume neighborhood damaged by the Woolsey Fire.

The design was completed in Fiscal Year 2021-22 and construction was completed in Fiscal Year 2022-23. 63 SUPPLEMENTARY INFORMATION
Required Supplementary Information (RSI) is information that, although not part of the basic financial statements, is required by Governmental Accounting Standards Board and is considered to be an essential part of financial reporting. This information consists of additional data associated with the City’s defined benefit pension plan and OPEB plan, the related net pension and OPEB liabilities, and budget to actual schedules for the General and major special revenue funds.

Supplementary Information provides information on each individual fund that is not already provided in the basic financial statements. This section includes information on non-major governmental funds, budget to actual schedules for the Commercial Real Estate Rental and Wastewater Treatment enterprise funds, and combining schedules for fiduciary funds. Following are descriptions of the non-major special revenue funds that are included in this section.
• STATE GAS TAX - To account for monies received from the state gas tax allocations, which are required to be spent on construction, improvement, and maintenance of public streets and infrastructure.
• TRAFFIC SAFETY - To account for revenues collected from traffic violations that the City has identified for use on traffic safety-related expenditures including traffic control and street maintenance not included in the Gas Tax Fund. • PROPOSITION A - To account for revenues and expenditures associated with the ½ cent sales tax approved by taxpayers as Proposition A in 1980. These funds may only be expended for transportation-related services as approved by the Los Angeles County Metropolitan Transportation Authority (MTA). • PROPOSITION C - To account for revenues and expenditures associated with the ½ cent sales tax approved by taxpayers as Proposition C in 1990. These funds may only be expended for transportation-related services as approved by the MTA. • MEASURE R - To account for revenues and expenditures associated with the ½ cent sales tax approved by taxpayers as Measure R in 2008. These funds may only be expended for transportation-related services as approved by the MTA. • AIR QUALITY MANAGEMENT - To account for monies received from the South Coast Air Quality Management District which are used for generating alternative transportation programs to reduce the problem of poor air quality in Southern California.
• SOLID WASTE MANAGEMENT SURCHARGE - This fund accounts for monies received from fees generated by solid waste collections in the City. Funds are to be used for implementing the solid waste management process as defined in the Source Reduction and Recycling Element.
• PARKLAND DEVELOPMENT IN-LIEU - The City collects fees from developers, as a condition of approval, to be used for parkland and recreation facilities and programs.
• QUIMBY ACT PARKLAND DEDICATION - Similar to the Parkland Development funds, the City collects fees from the development of subdivisions.

Funds are restricted to the acquisition of parkland and/or construction of facilities for recreation purposes.
• BRULTE BILL GRANT - The City receives funding from the State of California as a supplemental grant for law enforcement. Malibu uses these funds for a variety of programs provided by the Sheriff’s Department.
• MEASURE M – To account for revenues and expenditures associated with the ½ percent sales tax approved by taxpayers as Los Angeles County Measure M in 2016. These funds may only be expended for transportation-related projects as approved by MTA.
• ROAD MAINTENANCE AND REHABILITATION (RMRA) – To account for revenues and expenditures associated with the increased fuel taxes and vehicle registration fees established by Senate Bill 1 Road Repair and Accountability Act of 2017 signed by the Governor. These funds may only be expended for transportation-related projects as approved by the California Transportation Commission.
• ART IN PUBLIC PLACES IN-LIEU – The City collects fees from developers as a condition of approval, to incorporate public art throughout the City. • COMMUNITY DEVELOPMENT BLOCK GRANT - To account for monies received and expended by the City as a participant in the Federal Community Development Block Grant Program.
• MEASURE W – To account for revenues and expenditures associated with the parcel tax of 2.5¢ per square foot of impermeable area approved by taxpayers as Los Angeles County Measure W in 2018. These funds may only be expended for projects that promote the safe, clean water program by increasing local water supply, improving water quality, and protecting public health. • BIG ROCK MESA/MALIBU ROAD/CALLE DEL BARCO LMDs - To
account for special assessments on property within district boundaries for the restricted purpose of providing landslide maintenance services.

CITY OF MALIBU

REQUIRED SUPPLEMENTARY INFORMATION

SCHEDULE OF THE PROPORTIONATE SHARE OF THE NET PENSION LIABILITY

CALPERS MISCELLANEOUS PENSION PLAN
LAST TEN YEARS*
Fiscal year ending June 30, 2023 2022 2021 2020 2019
Measurement date 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 Plan's proportion of the net pension liability 0.07365% 0.05496% 0.06265% 0.05960% 0.05644% Plan's proportionate share of the net pension liability 8,507,593 $ $ 2,972,243 $ 6,816,695 $ 6,106,999 $ 5,438,378 Plan's covered payroll, measurement date $ 7,353,661 $ 6,987,903 $ 7,337,369 $ 6,903,933 $ 6,243,134 Plan's proportionate share of the net pension liability as a percentage of its covered payroll 115.69% 42.53% 92.90% 88.46% 87.11% Plan's proportionate share of the fiduciary net position as a percentage of the Plan's total pension liability 76.68% 88.29% 75.10% 75.26% 75.26% Plan's proportionate share of aggregate
employer contributions $ 1,607,155 $ 1,281,843 $ 1,146,744 $ 965,341 $ 812,252 Fiscal year ending June 30, 2018 2017 2016 2015
Measurement date 6/30/2017 6/30/2016 6/30/2015 6/30/2014 Plan's proportion of the net pension liability 0.055919% 0.053280% 0.04904% 0.05209% Plan's proportionate share of the net pension liability $ 5,545,643 $ 4,610,344 $ 3,366,039 $ 3,241,379 Plan's covered payroll, measurement date $ 5,593,683 $ 5,624,392 $ 5,398,632 $ 5,398,632 Plan's proportionate share of the net pension liability as a percentage of its covered payroll 99.14% 81.97% 62.35% 60.04% Plan's proportionate share of the fiduciary net position as a percentage of the Plan's total pension liability 73.31% 74.06% 78.40% 83.03% Plan's proportionate share of aggregate
employer contributions $ 740,151 $ 640,844 $ 428,499 $ 628,322 Notes to Schedule:

Benefit Changes: There were no changes in benefits.

Changes in Assumptions:

From Fiscal Year June 30, 2016 to June 30, 2017: There were no changes in assumptions.

From Fiscal Year June 30, 2017 to June 30, 2018: The discount rate was reduced from 7.65% to 7.15%.

From Fiscal Year June 30, 2019 through June 30, 2022: There were no changes in assumptions. * Fiscal Year 2014-15 was the first year of implementation; therefore, only nine years are shown.

From Fiscal Year 6/30/15 to 6/30/16: GASB 69 paragraph 68 states that the long-term expected rate of return should be determined net of pension plan investment expense but without reduction for pension plan administrative expense. The discount rate of 7.50% used for the June 30, 2014 measurement date was net of administrative expenses. The discount rate of 7.65% used for the June 30, 2015 measurement date is without reduction of pension plan administative expense.

From Fiscal Year June 30, 2018 to June 30, 2019: Demographic assumptions were changed in accordance with the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate. Inflation was reduced from 2.75% to 2.50%.

From Fiscal Year June 30, 2022 through June 30, 2023: The discount rate was reduced from 7.15% to 6.90%. Inflation was reduced from 2.50% to 2.30%. Mortality assumptions were changed in accordance with the 2021 CalPERS Experience Study. 65 CITY OF MALIBU

REQUIRED SUPPLEMENTARY INFORMATION

SCHEDULE OF CONTRIBUTIONS-DEFINED BENEFIT PENSION PLAN

CALPERS MISCELLANEOUS PENSION PLAN
LAST TEN YEARS*
Fiscal year ending June 30, 2023 2022 2021 2020 2019
Valuation date 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 Contractually required contribution, actuarially determined 1,372,946 $ 1,218,844$ 1,120,551$ 1,043,190 $ 908,055 $ Contributions in relation to the
actuarially determined contribution (1,372,946) (1,218,844) (1,120,551) (1,043,190) (908,055) Contribution deficiency (excess) -$ -$ -$ -$ -$
Covered payroll $ 7,353,661$ 6,987,903$ 7,337,369$ 6,903,933 8,117,262 $ Contributions as a percentage of covered payroll 16.91% 16.57% 16.04% 14.22% 13.15% Fiscal year ending June 30, 2018 2017 2016 2015
Valuation date 6/30/2015 6/30/2014 6/30/2013 6/30/2012
Contractually required contribution, actuarially determined 753,756$ 656,352$ 514,781$ 626,811$ Contributions in relation to the
actuarially determined contribution (753,756) (656,352) (514,781) (626,811) Contribution deficiency (excess) -$ -$ -$ -$
Covered payroll $ 5,593,683$ 5,624,392$ 5,398,632 6,243,134 $ Contributions as a percentage of covered payroll 12.07% 11.73% 9.15% 11.61% Methods and Assumptions Used to Determine Contribution Rates:

Actuarial cost method: Entry Age (applies to all valuation dates) Amortization method: Level percentage of payroll, closed (applies to all valuation dates) Asset valuation method:

June 30, 2012 valuation date: 15-year smoothed market method All other valuation dates: Market value
Inflation:

June 30, 2012 through June 30, 2016 valuation dates: 2.75% June 30, 2017 valuation date: 2.625%
June 30, 2018 through June 30, 2020 valuation dates: 2.500% Salary increases: Depending on age, service, and type of employment Investment rate of return, net of pension plan investment expense, including inflation:

June 30, 2012 through June 30, 2015 valuation date: 7.50% June 30, 2016 valuation date: 7.375%
June 30, 2017 valuation date: 7.25%
June 30, 2018 through June 30, 2020 valuation dates: 7.00% Retirement age: 50 years for all plans with the exception of 52 for Miscellaneous PEPRA which is 2% at 62 years Mortality: Based on mortality rates resulting from the most recent CalPERS Experience Study adopted by the CalPERS Board. * Fiscal Year 2014-15 was the first year of implementation; therefore, only nine years are shown. 66 CITY OF MALIBU

REQUIRED SUPPLEMENTARY INFORMATION

SCHEDULE OF CHANGES IN THE NET OPEB (ASSET)/LIABILITY AND RELATED RATIOS LAST TEN FISCAL YEARS*
Fiscal year ending June 30, 2023 2022 2021 2020 2019 2018 Measurement date 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 6/30/2017 Total OPEB Liability:

Service cost 521,040$ 452,928$ 447,606$ 463,092$ 446,600$ 434,000$ Interest on total OPEB liability 521,619 484,049 449,255 465,728 419,700 377,000 Differences between expected
and actual experience - 47,734 - (888,466) - -
Changes in assumptions - 397,764 (130,481) (40,582) - - Benefit payments** (289,603) (261,935) (250,569) (206,069) (195,683) (192,000) Net change in total OPEB liability 753,056 1,120,540 515,811 (206,297) 670,617 619,000 Total OPEB liability - beginning of year 7,969,671 6,849,131 6,333,320 6,539,617 5,869,000 5,250,000 Total OPEB liability - end of year [a] 8,722,727 7,969,671 6,849,131 6,333,320 6,539,617 5,869,000 Plan Fiduciary Net Position:

Contributions - employer 848,722 262,524 773,180 760,595 761,538 720,000 Net investment income (1,317,558) 1,940,965 281,616 342,290 352,724 389,000 Administrative expenses (3,169) (3,251) (3,622) (1,576) (8,791) (3,000) Benefit payments** (289,603) (261,935) (250,569) (206,069) (195,683) (192,000) Net change in plan fiduciary net position (761,608) 1,938,303 800,605 895,240 909,788 914,000 Plan fiduciary net position - beginning of year 8,945,936 7,007,633 6,207,028 5,311,788 4,402,000 3,488,000 Plan fiduciary net position - end of year [b] 8,184,328 8,945,936 7,007,633 6,207,028 5,311,788 4,402,000 Net OPEB (asset)/liability - end of year ([a] - [b]) 538,399$ (976,265)$ (158,502)$ 126,292$ $ 1,467,000 1,227,829 $ Plan fiduciary net position as a percentage
of the total OPEB liability 93.83% 112.25% 102.31% 98.01% 81.22% 75.00% Covered-employee payroll, measurement date 7,351,866 $ 6,936,621$ 7,203,853$ 6,769,722$ 6,133,000$ 5,486,000 $ Net OPEB (asset)/liability as a percentage
of covered-employee payroll 7.32% -14.07% -2.20% 1.87% 20.02% 26.74% Notes to schedule:

Benefit Changes: There were no changes in benefits.

Changes in Assumptions:

From Measurement Date June 30, 2017 to June 30, 2018: There were no changes in assumptions.

From Measurement Date June 30, 2019 to June 30, 2020: PPACA high cost plan excise tax removed.

From Measurement Date June 30, 2021 to June 30, 2022: There were no changes in assumptions. * Fiscal Year 2017-18 was the first year of implementation; therefore, only six years are shown. ** Benefit payments include refunds and the implied subsidy benefit payments From Measurement Date June 30, 2018 to June 30, 2019: Demographic assumptions were updated, PEMHCA waived retiree re-election change, and mortality improvement scale updated.

From Measurement Date June 30, 2020 to June 30, 2021: Discount rate, inflation assumptions, medical trends, payroll increase assumptions, and family coverage assumptions were updated; new rates were applied from the CalPERS Experience Study;and the mortality improvement scale was updated.
67 CITY OF MALIBU

REQUIRED SUPPLEMENTARY INFORMATION

SCHEDULE OF CONTRIBUTIONS - OPEB PLAN
LAST TEN FISCAL YEARS*
Fiscal year ending June 30, 2023 2022 2021 2020 2019 2018 Valuation date 6/30/2021 6/30/2019 6/30/2019 6/30/2017 6/30/2017 6/30/2015 Actuarially determined contribution 545,330$ 491,000$ 483,000$ 625,000$ 604,000$ 614,000$ Contribution in relation to the actuarially
determined contributions** (38,291) (848,722) (262,524) (773,180) (760,595) (767,000) Contribution deficiency/ (excess) 507,039$ $ (357,722) 220,476$ $ (148,180) $ (156,595) $ (153,000) Covered-employee payroll $ 8,104,391 7,351,866$ 6,936,621$ 7,203,853$ 6,769,722$ 6,133,000$ Contributions as a percentage
of covered-employee payroll 0.5% 11.5% 3.8% 10.7% 11.2% 12.5% ** Includes the implied subsidy of: 37,206$ 26,339$ 26,599$ 47,640$ 36,193$ 37,000$ Methods and Assumptions Used to Determine Contribution Rates Actuarial cost method Entry Age Entry Age Entry Age Entry Age Entry Age Entry Age Amortization method (1) (1) (1) (1) (1) (1)
Amortization period 16 years 17 years 18 years 19 years 20 years 21 years Asset valuation method (2) (2) (2) (2) (2) (2)
Discount rate 6.25% 6.75% 6.75% 6.75% 6.75% 7.25%
Inflation 2.50% 2.75% 2.75% 2.75% 2.75% 3.00%
Medical trend (3)
Non-Medicare 6.5% - 3.75% 7.25% - 4.0% 7.25% - 4.0% 7.5% - 4.0% 7.5% - 4.0% 7.0% - 5.0% Medicare 4.6% - 3.75% 6.3% - 4.0% 6.3% - 4.0% 6.5% - 4.0% 6.5% - 4.0% 7.2% - 5.0% Mortality (7) (6) (6) (5) (5) (4)
Notes to Schedule:
(1) Level percentage of pay
(2) Market value method; investment gains and losses spread over a 5-year rolling period (3) Rate decreasing to an ultimate rate in 2076 and later years (4) CalPERS 1997-2011 experience study. Mortality projected fully generational with Scale MP-2014, Modified (5) CalPERS 1997-2015 experience study. Mortality projected fully generational with Scale MP-2017 (6) CalPERS 1997-2015 experience study. Mortality projected fully generational with Scale MP-2019 (7) CalPERS 2000-2019 experience study. Mortality projected fully generational with Scale MP-2021 * Fiscal Year 2017-18 was the first year of implementation; therefore, only six years are shown. 68 CITY OF MALIBU

GENERAL FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL

AND NEXT YEAR'S BUDGET
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget FY 2023-24
Budgeted Amounts Positive/ Original
Original Final Actual (Negative) Budget

REVENUES
Taxes 33,096,000 $ 38,146,000 $ 39,169,363 $ 1,023,363 $ 41,054,000 $ Fines and forfeitures 1,150,000 1,617,000 1,482,486 (134,514) 1,500,000 Intergovernmental 3,350,475 4,778,355 3,571,663 (1,206,692) 2,230,768 Use of money and property 310,000 310,000 1,692,228 1,382,228 2,549,000 Charges for services 8,218,500 9,687,500 9,089,243 (598,257) 9,645,200 Other 66,000 66,000 65,102 (898) 65,500
Total revenues 46,190,975 54,604,855 55,070,085 465,230 57,044,468

EXPENDITURES
Current:

Legislative and advisory 2,358,062 2,358,062 1,709,491 648,571 2,464,958 General government 9,326,919 9,492,669 7,055,118 2,437,551 10,466,693 Public safety 11,475,706 12,386,829 11,599,872 786,957 16,388,082 Community development 9,110,801 10,383,051 8,442,838 1,940,213 13,843,822 Community services 3,610,877 3,666,877 3,170,898 495,979 4,513,170 Public works 5,794,867 6,510,421 5,535,260 975,161 7,304,739 Capital outlay 4,073,091 4,576,046 2,232,188 2,343,858 - Debt service:

Principal 1,050,832 1,050,832 1,050,832 - 1,020,000
Interest 2,171,788 2,171,788 2,171,788 2,164,151 -
Total expenditures 48,972,943 52,596,575 42,968,285 9,628,290 58,165,615 Revenues over (under)
expenditures $ (2,781,968) $ 2,008,280 12,101,800 $ 10,093,520 $ (1,121,147)

OTHER FINANCING

SOURCES/(USES)
Transfers in 928,848
Transfers out (37,261)
Issuance of debt 55,000
Total other financing
sources/(uses) 946,587
Net change in fund balance 13,048,387
FUND BALANCE - BEGINNING 72,107,384
FUND BALANCE - ENDING $ 85,155,771
69 CITY OF MALIBU

GRANTS SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Final Budget
Budgeted Amounts Positive/
Original Final Actual (Negative)

REVENUES
Intergovernmental $ 11,789,088 16,510,869 $ 548,148 $ (11,240,940) $

OTHER FINANCING USES
Transfers out (572,447)
Net change in fund balance (24,299)
FUND BALANCE - BEGINNING (482,530)
FUND BALANCE - ENDING $ (506,829)
70 CITY OF MALIBU, CALIFORNIA

NOTE TO REQUIRED SUPPLEMENTARY INFORMATION
JUNE 30, 2023

1. BUDGETS AND BUDGETARY PRINCIPLES
General Budget Policies
The City Manager submits a proposed budget to the City Council by May 15th of each year. The City Council holds public hearings, modifies the City Manager’s recommendations, and adopts a final budget by resolution prior to June 30th of each year. The City Manager is authorized to transfer budgeted amounts between line items within a fund.

Any revisions or transfers that alter the total appropriations of any fund must be approved by the City Council.

Supplemental appropriations may be adopted by the City Council during the year.

Budgets are adopted on a basis consistent with generally accepted accounting principles and are used as a management control device. Annual appropriated budgets are adopted for the General Fund and generally for all Special Revenue funds.

The City maintains budgetary controls to ensure compliance with legal provisions embodied in the appropriated budget approved by the City Council. The annual budget indicates appropriations by fund, and the legal level of budgetary control (the level at which expenditures cannot legally exceed the appropriated amount) for the operating budget is within a fund.

Continuing Appropriations
Unexpended annual appropriations lapse at the end of the fiscal year; encumbered appropriations are re-budgeted in the next fiscal year. Unexpended capital improvement appropriations are carried forward until the improvements or programs are complete.

Budgetary Basis of Accounting
Budgets are adopted on a basis consistent with generally accepted accounting principles. Budgeted amounts presented are as originally adopted and as further amended by the City Council. Revenues with significant adjustments were to increase estimates for 1) property taxes, transient occupancy taxes from hotels and private rentals, sales taxes, and parking occupancy taxes, 2) parking fines, 3) grant revenues, and 4) charges for services related to higher permitting and review of building projects in the community.

Supplemental appropriations were required and approved by the City Council for the General Fund which increased the originally adopted budget of $49.0 million to $52.6 million. The majority of the budget amendments were for carryover appropriations from the prior year, increased costs related to storm response and cleanup after heavy rains, higher public safety contracted costs, and higher costs related to permitting and review of building projects in the community.
71 CITY OF MALIBU

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEET
JUNE 30, 2023
Special Revenue Funds
Air
State Traffic Proposition Proposition Measure Quality
Gas Tax Safety A C R Management
ASSETS
Cash and investments -$ 189,904$ 937,780$ 295,851$ 224,683$ 148,474$ Receivables:

Accounts - - - - - -
Other governments 23,891 17,502 - - - 3,564
Total assets 23,891$ 207,406$ 937,780$ 295,851$ 224,683$ 152,038$

LIABILITIES

AND FUND BALANCES

LIABILITIES
Accounts payable -$ -$ 6,923$ -$ -$ -$
Unearned revenue - - - - - -
Due to other funds 21,507 - - - - -
Total liabilities 21,507 - 6,923 - - -

FUND BALANCES
Restricted
Public works 2,384 207,406 - - - 152,038
Capital projects:

Public works - - - 295,851 224,683 -
Community services - - - - - -
Community services - - 930,857 - - -
Environmental
sustainability - - - - - -
Special districts - - - - - -
Total fund balances 2,384 207,406 930,857 295,851 224,683 152,038 Total liabilities and
fund balances 23,891$ 207,406$ 937,780$ 295,851$ 224,683$ 152,038$ (Continued)
73 CITY OF MALIBU

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING BALANCE SHEET
JUNE 30, 2022
(Continued)
Special Revenue Funds
Solid Waste Parkland Quimby Act Brulte Road Art in
Management Development Parkland Bill Measure Maintenance Public Places Surcharge In-Lieu Dedication Grant M RMRA/SB1 In-Lieu
ASSETS
Cash and investments -$ 161,662$ 3,960$ -$ 368,616$ 534,959$ 36,888$ Receivables:

Accounts 36,986 - - - - - -
Other governments 533 - - - - 41,997 -
Total assets 37,519$ 161,662$ 3,960$ -$ 368,616$ 576,956$ 36,888$

LIABILITIES

AND FUND BALANCES

LIABILITIES
Accounts payable 14,521$ -$ -$ -$ -$ -$ -$
Unearned revenue 15,448 - - - - - -
Due to other funds 1,016 - - - - - -
Total liabilities 30,985 - - - - - -

FUND BALANCES
Restricted
Public works - - - - 368,616 576,956 -
Capital projects:

Public works - - - - - - -
Community services - 161,662 3,960 - - - 36,888
Community services - - - - - - -
Environmental
sustainability 6,534 - - - - - -
Special districts - - - - - - -
Total fund balances 6,534 161,662 3,960 - 368,616 576,956 36,888 Total liabilities and
fund balances 37,519$ 161,662$ 3,960$ -$ 368,616$ 576,956$ 36,888$ 74 Special Revenue Funds Total
Community Big Rock Malibu Calle Non-major
Development Measure Mesa Road del Barco Governmental
Block Grant W LMD LMD LMD Funds
$ 537,293$ - 168,328$ 93,207$ 117,175$ $ 3,818,780
- - - - - 36,986
33,419 - 26,160 624 2,549 150,239
$ 33,419 537,293$ 194,488$ 93,831$ 119,724$ $ 4,006,005 $ 13,651 -$ 82,989$ 38,914$ 29,005$ $ 186,003
- - - - - 15,448
19,768 - - - - 42,291
33,419 - 82,989 38,914 29,005 243,742
537,293 - - - - 1,844,693
- - - - - 520,534
- - - - - 202,510
- - - - - 930,857
- - - - - 6,534
- - 111,499 54,917 90,719 257,135
537,293 - 111,499 54,917 90,719 3,762,263
$ 33,419 537,293$ 194,488$ 93,831$ 119,724$ $ 4,006,005 75 CITY OF MALIBU

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2023
Special Revenue Funds
Air
State Gas Traffic Proposition Proposition Measure Quality Tax Safety A C R Management

REVENUES
Taxes -$ -$ -$ -$ -$ -$
Fines and forfeitures - 237,862 - - - -
Intergovernmental 274,858 - 303,247 251,535 188,596 14,106 Use of money and property 5,313 8,009 24,523 7,469 7,088 3,991 Charges for services - - - - - -
Total revenues 280,171 245,871 327,770 259,004 195,684 18,097

EXPENDITURES
Current:

General government - - - - - -
Public safety - - - - - -
Community development - - - - - -
Community services - - 104,322 - - -
Public works - - - - - -
Capital outlay - - - - - -
Total expenditures - - 104,322 - - -
Revenues over
(under) expenditures 280,171 245,871 223,448 259,004 195,684 18,097

OTHER FINANCING

SOURCES/(USES)
Transfers in - - - - - -
Transfers out (308,848) (200,000) - (65,000) (100,000) - Total other financing
sources/(uses) (308,848) (200,000) - (65,000) (100,000) - Net change in fund balance (28,677) 45,871 223,448 194,004 95,684 18,097 FUND BALANCE - BEGINNING 31,061 161,535 707,409 101,847 128,999 133,941 FUND BALANCE - ENDING 2,384$ 207,406$ 930,857$ 295,851$ 224,683$ 152,038$ 76 Special Revenue Funds
Solid Waste Parkland Quimby Act Brulte Road Art in
Management Development Parkland Bill Measure Maintenance Public Places Surcharge In-Lieu Dedication Grant M RMRA/SB1 In-Lieu
$ 32,437 - $ -$ -$ -$ $ - $ -
- - - - - - -
15,686 - - 165,271 213,342 239,668 -
2,666 4,139 112 - 13,518 12,458 1,039
153,766 - - - - - -
172,118 36,576 112 165,271 226,860 252,126 1,039
- - - - - - -
- - - 165,271 - - -
309,050 - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
309,050 - - 165,271 - - -
(136,932) 36,576 112 - 226,860 252,126 1,039
- - - - - - -
(15,000) - - - (197,472) - -
(15,000) - - - (197,472) - -
(151,932) 36,576 112 - 29,388 252,126 1,039
158,466 125,086 3,848 - 339,228 324,830 35,849
$ 6,534 $ 161,662 3,960$ -$ 368,616$ $ 576,956 $ 36,888 (Continued)
77 CITY OF MALIBU

NON-MAJOR GOVERNMENTAL FUNDS

COMBINING STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2023
(Continued)
Special Revenue Funds Total
Community Big Rock Malibu Calle Non-major
Development Measure Mesa Road del Barco Governmental
Block Grant W LMD LMD LMD Funds

REVENUES
Taxes - $ -$ 356,347$ 58,993$ 80,267$ $ 528,044
Fines and forfeitures - - - - - 237,862
Intergovernmental 46,428 390,328 - - - 2,103,065
Use of money and property 21,713 - 2,937 2,227 2,666 119,868 Charges for services - - - - - 153,766
Total revenues 46,428 412,041 359,284 61,220 82,933 3,142,605

EXPENDITURES
Current:

General government 8,000 - - - - 8,000
Public safety - - - - - 165,271
Community development - - - - - 309,050
Community services - - - - - 104,322
Public works - - 280,197 56,484 60,702 397,383
Capital outlay 54,760 - 34,828 14,897 4,321 108,806
Total expenditures 62,760 - 315,025 71,381 65,023 1,092,832 Revenues over
(under) expenditures (16,332) 412,041 44,259 (10,161) 17,910 2,049,773

OTHER FINANCING

SOURCES/(USES)
Transfers in 16,332 - - - - 16,332
Transfers out (354,001) - - - - (1,240,321)
Total other financing
sources/(uses) 16,332 (354,001) - - - (1,223,989)
Net change in fund balance 58,040 - 44,259 (10,161) 17,910 825,784 FUND BALANCE - BEGINNING 479,253 - 67,240 65,078 72,809 2,936,479 FUND BALANCE - ENDING $ 537,293$ - 111,499$ 54,917$ 90,719$ $ 3,762,263 78 CITY OF MALIBU

STATE GAS TAX SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Intergovernmental 370,785$ 370,785$ 274,858$ $ (95,927) Use of money and property 1,000 1,000 5,313 4,313
Total revenues 371,785$ 371,785$ 280,171 $ (91,614)

OTHER FINANCING USES
Transfers out (308,848)
Net change in fund balance (28,677)
FUND BALANCE - BEGINNING 31,061
FUND BALANCE - ENDING 2,384$
Final Budget
Positive/
(Negative)
Variance with
79 CITY OF MALIBU

TRAFFIC SAFETY SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Fines and forfeitures 200,000$ 200,000$ 237,862$ 37,862$ Use of money and property 900 900 8,009 7,109
Total revenues 200,900$ 200,900$ 245,871 44,971$

OTHER FINANCING USES
Transfers out (200,000)
Net change in fund balance 45,871
FUND BALANCE - BEGINNING 161,535
FUND BALANCE - ENDING 207,406$
Final Budget
Positive/
(Negative)
Variance with
80 CITY OF MALIBU

PROPOSITION A SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Intergovernmental 281,466$ 281,466$ 303,247$ 21,781$
Use of money and property 2,000 2,000 24,523 22,523
Total revenues 283,466 283,466 327,770 44,304

EXPENDITURES
Current:

Community services 165,000 165,000 104,322 60,678
Revenues over (under) expenditures 118,466$ 118,466$ 223,448 104,982$ FUND BALANCE - BEGINNING 707,409
FUND BALANCE - ENDING 930,857$
Final Budget
Positive/
(Negative)
Variance with
81 CITY OF MALIBU

PROPOSITION C SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Intergovernmental 233,468$ 233,468$ $ 251,535 18,067$
Use of money and property 2,000 2,000 7,469 5,469
Total revenues 235,468$ 235,468$ 259,004 23,536$

OTHER FINANCING USES
Transfers out (65,000)
Net change in fund balance 194,004
FUND BALANCE - BEGINNING 101,847
FUND BALANCE - ENDING $ 295,851
Final Budget
Positive/
(Negative)
Variance with
82 CITY OF MALIBU

MEASURE R SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Intergovernmental 175,101$ 175,101$ 188,596$ $ 13,495
Use of money and property 2,000 2,000 7,088 5,088
Total revenues 177,101$ 177,101$ 195,684 $ 18,583

OTHER FINANCING USES
Transfers out (100,000)
Net change in fund balance 95,684
FUND BALANCE - BEGINNING 128,999
FUND BALANCE - ENDING 224,683$
Final Budget
Positive/
(Negative)
Variance with
83 CITY OF MALIBU

AIR QUALITY MANAGEMENT SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Intergovernmental 16,000$ 16,000$ 14,106$ (1,894)$
Use of money and property 800 800 3,991 3,191
Total revenues 16,800$ 16,800$ 18,097 1,297$
FUND BALANCE - BEGINNING 133,941
FUND BALANCE - ENDING 152,038$
Final Budget
Positive/
(Negative)
Variance with
84 CITY OF MALIBU

SOLID WASTE MANAGEMENT SURCHARGE SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Intergovernmental 5,000 $ 26,134 $ 15,686$ $ (10,448)
Use of money and property 125 125 2,666 2,541
Charges for services 137,500 137,500 153,766 16,266
Total revenues 142,625 163,759 172,118 8,359

EXPENDITURES
Current:

Community development 458,405 479,539 309,050 170,489
Revenues over (under) expenditures $ (315,780) $ (315,780) (136,932) $ (162,130)

OTHER FINANCING USES
Transfers out (15,000)
Net change in fund balance (151,932)
FUND BALANCE - BEGINNING 158,466
FUND BALANCE - ENDING 6,534$
Final Budget
Positive/
(Negative)
Variance with
85 CITY OF MALIBU

PARKLAND DEVELOPMENT IN-LIEU SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Taxes 20,000$ 20,000$ 32,437$ 12,437$
Use of money and property 500 500 4,139 3,639
Total revenues 20,500$ 20,500$ 36,576 16,076$
FUND BALANCE - BEGINNING 125,086
FUND BALANCE - ENDING 161,662$
Final Budget
Positive/
(Negative)
Variance with
86 CITY OF MALIBU

QUIMBY ACT PARKLAND DEDICATION SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Use of money and property 30$ 30$ 112$ 82$
FUND BALANCE - BEGINNING 3,848
FUND BALANCE - ENDING 3,960$
Final Budget
Positive/
(Negative)
Variance with
87 CITY OF MALIBU

BRULTE BILL GRANT SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Intergovernmental 155,000$ 155,000$ 165,271$ 10,271$

EXPENDITURES
Current:

Public safety 155,000 155,000 165,271 (10,271)
Revenues over (under) expenditures -$ -$ - -$

FUND BALANCE - BEGINNING -
FUND BALANCE - ENDING -$
Final Budget
Positive/
(Negative)
Variance with
88 CITY OF MALIBU

MEASURE M SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Intergovernmental 198,448$ 198,448$ 213,342$ $ 14,894
Use of money and property 2,000 2,000 13,518 11,518
Total revenues 200,448$ 200,448$ 226,860 $ 26,412

OTHER FINANCING USES
Transfers out (197,472)
Net change in fund balance 29,388
FUND BALANCE - BEGINNING 339,228
FUND BALANCE - ENDING 368,616$
Variance with
Final Budget
Positive/
(Negative)
89 CITY OF MALIBU
ROAD MAINTENANCE RMRA/SB1 SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Intergovernmental 288,238$ 288,238$ 239,668$ $ (48,570) Use of money and property 1,500 1,500 12,458 10,958
Total revenues 289,738$ 289,738$ 252,126 $ (37,612)
FUND BALANCE - BEGINNING 324,830
FUND BALANCE - ENDING 576,956$
Variance with
Final Budget
Positive/
(Negative)
90 CITY OF MALIBU

ART IN PUBLIC PLACES IN-LIEU SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Taxes 5,000$ 5,000$ -$ $ (5,000)
Use of money and property 200 200 1,039 839
Total revenues 5,200$ 5,200$ 1,039 $ (4,161)
FUND BALANCE - BEGINNING 35,849
FUND BALANCE - ENDING 36,888$
Variance with
Final Budget
Positive/
(Negative)
91 CITY OF MALIBU

COMMUNITY DEVELOPMENT BLOCK GRANT SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Intergovernmental 60,000$ 60,000$ 46,428$ $ (13,572)

EXPENDITURES
Current:

General government 8,000 8,000 8,000 -
Capital outlay 7,000 7,000 54,760 (47,760)
Total expenditures 15,000 15,000 62,760 (47,760)
Revenues over (under) expenditures 45,000$ 45,000$ (16,332) $ (61,332)

OTHER FINANCING SOURCES
Transfers in 16,332
Net change in fund balance -

FUND BALANCE - BEGINNING -
FUND BALANCE - ENDING -$
Final Budget
Positive/
(Negative)
Variance with
92 CITY OF MALIBU

MEASURE W SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Intergovernmental 380,000$ 380,000$ 390,328$ $ 10,328
Use of money and property 100 100 21,713 21,613
Total revenues 380,100$ 380,100$ 412,041 $ 31,941

OTHER FINANCING USES
Transfers out (354,001)
Net change in fund balance 58,040
FUND BALANCE - BEGINNING 479,253
FUND BALANCE - ENDING 537,293$
Variance with
Final Budget
Positive/
(Negative)
93 CITY OF MALIBU

BIG ROCK MESA LMD SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Taxes 327,539$ 327,539$ 356,347$ 28,808$
Use of money and property 800 800 2,937 2,137
Total revenues 328,339 328,339 359,284 30,945

EXPENDITURES
Current:

Public works 284,648 284,648 280,197 4,451
Capital outlay 100,000 100,000 34,828 65,172
Total expenditures 384,648 384,648 315,025 69,623
Revenues over (under) expenditures (56,309)$ (56,309)$ 44,259 100,568$ FUND BALANCE - BEGINNING 67,240
FUND BALANCE - ENDING 111,499$
Final Budget
Positive/
(Negative)
Variance with
94 CITY OF MALIBU

MALIBU ROAD LMD SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Taxes 59,388$ 59,388$ 58,993$ (395)$
Use of money and property 800 800 2,227 1,427
Total revenues 60,188 60,188 61,220 1,032

EXPENDITURES
Current:

Public works 55,016 55,016 56,484 (1,468)
Capital outlay 20,000 20,000 14,897 5,103
Total expenditures 75,016 75,016 71,381 3,635
Revenues over (under) expenditures (14,828)$ (14,828)$ (10,161) 4,667$ FUND BALANCE - BEGINNING 65,078
FUND BALANCE - ENDING 54,917$
Final Budget
Positive/
(Negative)
Variance with
95 CITY OF MALIBU

CALLE DEL BARCO LMD SPECIAL REVENUE FUND

SCHEDULE OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2023
Budgeted Amounts
Original Final Actual

REVENUES
Taxes 81,618$ 81,618$ 80,267$ (1,351)$
Use of money and property 700 700 2,666 1,966
Total revenues 82,318 82,318 82,933 615

EXPENDITURES
Current:

Public works 61,016 61,016 60,702 314
Capital outlay 20,000 20,000 4,321 15,679
Total expenditures 81,016 81,016 65,023 15,993
Revenues over (under) expenditures 1,302$ 1,302$ 17,910 16,608$ FUND BALANCE - BEGINNING 72,809
FUND BALANCE - ENDING 90,719$
Final Budget
Positive/
(Negative)
Variance with
96 CITY OF MALIBU

COMMERCIAL REAL ESTATE RENTAL ENTERPRISE FUND

SCHEDULE OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION

BUDGET AND ACTUAL (BUDGETARY BASIS)
FOR THE YEAR ENDED JUNE 30, 2023
Variance with
Actual Final Budget
Budgeted Amounts Budgetary (Budgetary Positive/
Original Final Actual Adjustments Basis) (Negative)

OPERATING REVENUES
Charges for sales and services:

Property-related income 1,565,941 $ 1,565,941 $ 1,574,439 $ -$ 1,574,439 $ 8,498 $ Other operating income 145,000 145,000 162,162 - 162,162 17,162 Total operating revenues 1,710,941 1,710,941 1,736,601 - 1,736,601 25,660

OPERATING EXPENSES
Personnel services 124,136 124,136 98,440 - 98,440 25,696 Professional and
contractual services 484,447 484,447 345,248 - 345,248 139,199 Repairs and maintenance 142,400 142,400 62,803 - 62,803 79,597 Utilities 218,800 218,800 171,491 - 171,491 47,309
Supplies 6,000 6,000 3,290 - 3,290 2,710
Total operating expenses 975,783 975,783 681,272 - 681,272 294,511 Operating income
before depreciation 735,158 735,158 1,055,329 - 1,055,329 320,171 Depreciation expense - 1,331,407 - (1,331,407) - -
Operating income/(loss) 735,158 735,158 (276,078) 1,331,407 1,055,329 320,171

NONOPERATING

REVENUES (EXPENSES)
Investment and interest income 6,000 6,000 31,378 - 31,378 25,378 Interest expense (456,451) (456,451) (477,475) - (477,475) (21,024) Principal payments on debt (635,000) (635,000) (635,000) - (635,000) - Total nonoperating
revenues (expenses) (1,085,451) (1,085,451) (446,097) (635,000) (1,081,097) 4,354 Change in net position $ (350,293) (350,293) $ (722,175) 696,407$ $ (25,768) $ 324,525 NET POSITION - BEGINNING 19,832,436
NET POSITION - ENDING $ 19,110,261
97 CITY OF MALIBU

WASTEWATER TREATMENT ENTERPRISE FUND

SCHEDULE OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION

OPERATING REVENUES
Charges for sales and services:

Sewer service fees 2,200,000 $ 2,200,000 $ 2,260,360 $ - $ 2,260,360 $ 60,360 $

OPERATING EXPENSES
Personnel services 87,200 87,200 89,275 - 89,275 (2,075) Professional and
contractual services 287,000 287,000 188,937 - 188,937 98,063 Repairs and maintenance 1,373,500 1,393,500 1,375,532 - 1,375,532 17,968 Utilities 222,000 222,000 203,316 - 203,316 18,684
Supplies 42,000 42,000 26,427 - 26,427 15,573
Total operating expenses 2,011,700 2,031,700 1,883,487 - 1,883,487 148,213 Operating income
before depreciation 188,300 168,300 376,873 - 376,873 208,573 Depreciation expense - - 1,061,464 (1,061,464) - -
Operating income/(loss) 188,300 168,300 (684,591) 1,061,464 376,873 208,573

NONOPERATING

REVENUES (EXPENSES)
Investment and interest income - - 64,545 - 64,545 64,545 Interest expense (8,000) (8,000) (5,923) - (5,923) 2,077 Total nonoperating
revenues (expenses) (8,000) (8,000) 58,622 58,622 - 66,622 Income/(loss) before
capital activities 180,300 160,300 (625,969) 1,061,464 435,495 275,195 Bond proceeds 16,500,000 16,500,000 - - (16,500,000) -
Capital outlay (16,500,000) (16,500,000) - - 16,500,000 - Change in net position $ 160,300 180,300 $ (625,969) $ 1,061,464 $ 435,495 $ 275,195 $ NET POSITION - BEGINNING 56,782,679
NET POSITION - ENDING $ 56,156,710
98 CITY OF MALIBU

FIDUCIARY FUNDS

COMBINING STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2023
Custodial Funds
Civic Center
Carbon Wastewater Total
Beach Broad Treatment Custodial
CFD Beach AD Facility AD Funds
ASSETS
Cash and cash equivalents 277,212$ 124,093$ $ 3,636,904 $ 4,038,209 Cash and cash equivalents with fiscal agents 219,307 150,490 3,877,520 4,247,317 Due from other governments 7,023 3,341 19,093 29,457
Total assets 503,542 277,924 7,533,517 8,314,983

LIABILITIES
Accounts payable 1,901 2,101 3,049 7,051

NET POSITION
Restricted for individuals, other
organizations, and governments 501,641$ 275,823$ $ 7,530,468 $ 8,307,932 99 CITY OF MALIBU

FIDUCIARY FUNDS

COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FOR THE YEAR ENDED JUNE 30, 2023
Custodial Funds
Civic Center
Carbon Wastewater Total
Beach Broad Treatment Custodial
CFD Beach AD Facility AD Funds

ADDITIONS
Collections from special assessments 233,399$ 139,579$ $ 2,333,489 $ 2,706,467 Investment earnings 5,499 6,608 196,076 208,183
Total additions 238,898 146,187 2,529,565 2,914,650

DEDUCTIONS
Payments for administrative charges 23,856 7,882 48,133 79,871 Interest payments 79,963 81,630 770,130 931,723
Payments for special assessment debt 125,000 50,000 1,664,396 1,839,396 Total deductions 228,819 139,512 2,482,659 2,850,990
Net increase in net position 10,079 6,675 46,906 63,660 NET POSITION - BEGINNING 491,562 269,148 7,483,562 8,244,272 NET POSITION - ENDING 501,641$ 275,823$ $ 7,530,468 $ 8,307,932 100

STATISTICAL SECTION
(UNAUDITED)
This part of the City of Malibu’s Annual Comprehensive Financial Report presents detailed information as a context for understanding what the information says about the government’s overall financial health.

Contents
Financial Trends
These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time.

Revenue Capacity
These schedules contain information to help the reader assess the City’s most significant local revenue source - property tax.

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

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

Data on the largest employers in the City is not currently available.

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.

Sources: Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Reports for the relevant year.

THIS PAGE INTENTIONALLY LEFT BLANK

CITY OF MALIBU
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
(amounts expressed in thousands)
Fiscal
2014 2015 2016 2017 2018 2019
Governmental activities
Net investment in capital assets 52,846 $ 56,421$ 47,850$ 48,132$ 48,033$ $ 66,651 Restricted 4,398 3,128 3,109 1,339 1,447 4,206
Unrestricted 21,556 21,174 23,870 30,394 35,743 24,395
Total net position $ 78,800 80,723$ 74,829$ 79,865$ 85,223$ $ 95,252 Business-type activities
Net investment in capital assets 23,426 $ 22,931$ 34,153$ 62,921$ 77,438$ $ 78,127 Restricted 1,801 11 3,323 3,985 4,350 3,403
Unrestricted 1,024 2,220 6,802 6,264 6,336 9,234
Total net position $ 26,251 25,162$ 44,278$ 73,170$ 88,124$ $ 90,764 Primary government
Net investment in capital assets 76,272 $ 79,352$ 82,003$ $ 125,471$ 144,778 111,053 $ Restricted 6,199 3,139 6,432 5,324 5,797 7,609
Unrestricted 22,580 23,394 30,672 36,658 42,079 33,629
Total net position $ 105,885$ 119,107$ 153,035$ 173,347$ 186,016 105,051 $ Source: City of Malibu, Finance Department
102
Year
2020 2021 2022 2023
$ 75,398$ 70,790 75,315$ $ 75,848
5,181 5,613 5,994 6,546
42,408 50,728 66,752 78,761
$ 131,739$ 148,061$ 161,155 118,379 $
$ 77,083 74,340$ 73,112$ $ 70,688
3,440 - - 1
8,113 3,678 3,503 4,578
$ 88,636 78,018$ 76,615$ $ 75,267
$ 149,738$ 148,427$ 146,536 147,873 $
8,621 5,613 5,994 6,547
50,521 54,406 70,255 83,339
$ 209,757$ 224,676$ 236,422 207,015 $
103

CITY OF MALIBU
Changes in Net Position- Last Ten Fiscal Years
(accrual basis of accounting) (amounts expressed in thousands) Fiscal
2014 2015 2016 2017 2018 2019
Expenses
Governmental activities:

Legislative and advisory 1,647$ 1,769$ 1,757$ 1,538$ 1,529$ 1,825$ General government 4,387 4,917 5,395 5,506 6,268 6,664
Public safety 6,596 6,667 6,860 7,437 7,985 8,372
Community development 4,692 4,882 5,240 5,622 5,878 6,373 Community services 2,384 2,509 2,667 2,497 2,952 3,173
Public works 4,619 5,827 4,746 4,405 5,392 8,798
Interest on long-term debt 1,220 1,182 1,110 1,197 1,229 2,008 Total governmental activites expenses 25,545 27,753 27,775 28,202 31,233 37,213 Business type activities:

Commercial real estate rental 2,364 2,624 2,293 2,243 2,180 2,423 Wastewater treatment - - - 1,368 1,252 1,173
Total business type activites expenses 2,364 2,624 2,293 3,611 3,432 3,596 Total primary government expenses $ 27,909 $ 30,377 30,068$ 31,813$ 34,665$ $ 40,809 Program Revenues
Governmental activities:

Charges for services
Legislative and advisory 2$ 20$ 63$ 1$ 1$ 1$
General government 646 747 757 704 775 633
Public safety 720 801 768 761 933 956
Community development 4,138 3,876 4,920 4,759 5,310 5,109 Community services 506 631 556 566 532 694
Public works 526 504 491 544 517 571
Operating grants 1,731 1,359 1,120 1,270 1,887 1,822
Capital grants and contributions 1,444 4,262 55 373 1,217 9,311 Total governmental activites program revenues 9,713 12,200 8,730 8,978 11,172 19,097 Business-type activities
Charges for services:

Commercial real estate rental 1,963 2,030 2,183 1,786 1,920 1,583 Wastewater treatment - - - 269 210 1,088
Operating grants 1,000 - - - 185 293
Capital grants and contributions 1,448 - 9,309 30,694 16,370 1,318 Total business-type activities program revenues 4,411 2,030 11,492 32,749 18,685 4,282 Total primary government program revenues $ 14,124 $ 14,230 20,222$ 41,727$ 29,857$ $ 23,379 Net (Expense)/Revenue
Governmental activities $ (15,832) $ (15,553) (19,045)$ (19,224)$ (20,061)$ (18,116)$ Business-type activities 2,047 (594) 9,199 29,138 15,253 686 Total primary government net expenses $ (13,785) $ (16,147) $ (9,846) $ 9,914 $ (4,808) $ (17,430) General Revenues and Other Changes in Net Position
Governmental activities:

Taxes
Property 9,894$ $ 10,349 11,134$ 11,911$ 12,749$ $ 13,659 Utility users 2,487 2,577 2,389 2,376 2,316 2,094
Transient occupancy 1,535 1,984 2,620 3,287 4,677 4,550 Franchise 755 795 778 708 722 666
Sales 3,308 3,489 3,071 3,737 3,542 3,710
Parking occupancy 313 366 391 427 420 385
Motor vehicle in lieu 6 6 5 6 7 6
Investment earnings 95 108 188 171 391 999
Other 809 1,506 2,481 1,147 1,108 1,936
Transfers 350 505 (9,907) 490 529 140
Extraordinary item - - - - - -
Total governmental activities 19,552 21,685 13,150 24,260 26,461 28,145 Business-type activities
Investment earnings 8 10 11 55 148 300
Other - - - 189 82 1,794
Transfers (350) (505) 9,907 (490) (529) (140)
Total business-type activites (342) (495) 9,918 (246) (299) 1,954 Total primary government $ 21,190 19,210 $ 23,068$ 24,014$ 26,162$ $ 30,099 Changes in Net Position
Governmental activities 3,720$ 6,132$ $ (5,895) $ 5,036 6,400$ $ 10,029 Business activities 1,705 (1,089) 19,117 28,892 14,954 2,640 Total primary government 5,425$ 5,043$ $ 13,222 33,928$ 21,354$ $ 12,669 Source: City of Malibu, Finance Department
104
Year
2020 2021 2022 2023
1,638$ 2,036$ 1,862$ 1,713$
6,810 7,459 5,562 9,131
9,072 9,909 11,174 11,962
6,478 5,988 6,846 8,763
2,773 2,592 3,147 3,594
10,041 10,385 8,188 8,199
2,162 2,135 2,101 2,059
38,974 40,504 38,880 45,421
2,576 2,512 2,455 2,490
2,957 11,551 2,942 2,951
5,533 14,063 5,397 5,441
$ 44,507 54,567$ 44,277$ $ 50,862
-$ 2$ -$ 2$
431 725 869 856
1,381 1,581 1,733 1,720
6,389 6,489 7,092 7,684
388 285 618 637
558 576 595 649
2,166 4,811 2,366 5,213
7,415 6,521 313 702
18,728 20,990 13,586 17,463
1,513 1,515 1,538 1,575
1,607 1,611 2,211 2,260
101 123 160 -
- - - -
3,221 3,249 3,909 3,835
$ 21,949 24,239$ 17,495$ $ 21,298
$ (20,246) (19,514)$ (25,294)$ (27,958)$
(2,312) (10,814) (1,488) (1,606)
$ (22,558) (30,328)$ (26,782)$ (29,564)$
$ 14,280 15,106$ 16,055$ $ 17,858
2,164 2,362 2,655 3,058
4,951 7,904 10,338 9,531
663 698 751 817
3,788 4,337 5,789 6,406
392 545 496 484
10 9 15 11
1,182 42 (454) 1,812
1,248 1,854 5,967 1,075
233 18 4 -
14,461 - - -
43,372 32,875 41,616 41,052
232 51 21 96
186 162 68 162
(233) (18) (4) -
185 195 85 258
$ 43,557 33,070$ 41,701$ $ 41,310
$ 23,126 13,361$ 16,322$ $ 13,094
(2,127) (10,619) (1,403) (1,348)
$ 20,999 $ 2,742 $ 14,919 $ 11,746
105

CITY OF MALIBU
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
(amounts expressed in thousands)
Fiscal
2014 2015 2016 2017
General Fund
Nonspendable 580$ 540$ 284$ 591$
Restricted 3,037 2,365 2,310 20
Committed 3,934 3,335 2,545 2,624
Assigned 1,046 1,291 2,238 2,311
Unassigned 16,512 20,284 23,468 28,852
Total General Fund 25,109 27,815 30,845 34,398
All Other Governmental Funds
Nonspendable - - - -
Restricted 1,361 764 798 1,319
Committed 1,958 503 16 1,987
Assigned - - - -
Unassigned (2,585) (1,329) (93) (2,034)
Total All Other Governmental Funds 734 (62) 721 1,272
Total All Governmental Funds 25,843$ 27,753$ 31,566$ 35,670$ Source: City of Malibu, Finance Department
106
Year
2018 2019 2020 2021 2022 2023
520$ 862$ 350$ 606$ 400$ 222$
262 2,824 1,742 1,145 1,108 1,099
3,171 1,826 1,651 971 1,510 2,448
1,977 4,927 15,234 10,005 13,926 13,561
34,970 21,890 30,687 45,267 55,163 67,826
40,900 32,329 49,664 57,994 72,107 85,156
- - 1 - - -
1,426 1,395 2,623 2,272 2,936 3,762
1,973 1,384 964 1,197 1,656 1,186
- - - - - -
(2,065) (1,540) (1,158) (1,869) (2,138) (1,693)
1,334 1,239 2,430 1,600 2,454 3,255
42,234$ 33,568$ 52,094$ 59,594$ 74,561$ 88,411$
107

CITY OF MALIBU
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
(amounts expressed in thousands)
Fiscal
2014 2015 2016 2017
Revenues
Taxes 19,174 $ 20,735$ 22,119$ $ 23,747
Fines and forfeitures 720 801 768 761
Intergovernmental 3,446 5,758 2,060 1,664
Investment income 95 108 188 171
Charges for services 5,411 5,382 6,358 6,064
Contributions from property owners - - - -
Other 202 363 1,696 305
Total Revenues 29,048 33,147 33,189 32,712
Expenditures
Legislative and advisory 1,645 1,778 1,754 1,535
General government 3,672 4,225 4,698 4,971
Public safety 6,585 6,666 6,841 7,420
Community development 4,626 5,023 5,239 5,610
Community services 2,107 2,298 2,595 2,381
Public works 2,768 2,757 3,082 3,225
Capital outlay 5,207 6,902 1,567 12,176
Debt Service
Debt issuance/refunding costs - 418 - 1,613
Principal 805 556 587 607
Interest 1,226 1,201 1,130 1,258
Total Expenditures 28,641 31,824 27,493 40,796
Excess of revenues over/(under) expenditures 407 1,323 5,696 (8,084) Other Financing Sources/(Uses)
Transfers in 6,016 7,665 4,340 1,448
Transfers out (5,666) (7,160) (6,322) (958)
Long term debt issued/refunding payments - 82 99 11,698 Other - - - -
Total other financing sources 350 587 (1,883) 12,188
Extraordinary items - - - -
Net change in fund balances 757$ $ 1,910 3,813$ $ 4,104 Debt service as a percentage of noncapital expenditures 8.3% 6.4% 6.4% 6.5% Source: City of Malibu, Finance Department
108
Year
2018 2019 2020 2021 2022 2023
$ 26,095$ 25,748 27,298$ 33,020$ 38,194$ $ 39,697
933 956 1,381 1,582 1,733 1,721
3,114 10,461 3,641 9,533 3,181 6,223
391 999 1,182 42 (454) 1,812
6,684 6,484 7,250 7,542 8,623 9,243
- - - - 4,339 65
185 1,058 652 265 - -
37,055 46,053 41,404 51,984 55,616 58,761
1,526 1,822 1,634 2,033 1,858 1,709
5,383 5,701 5,637 6,160 6,666 7,063
7,973 8,250 9,046 9,811 11,116 11,765
5,862 6,357 6,471 5,982 6,839 8,752
2,653 2,879 2,516 2,337 2,879 3,275
2,949 6,423 7,148 6,466 5,555 5,933
2,601 45,099 3,454 8,611 2,576 3,246
- 331 - - - -
807 848 860 881 1,003 1,051
1,300 1,943 2,271 2,244 2,212 2,172
31,054 79,653 39,037 44,525 40,704 44,966
6,001 (33,600) 2,367 7,459 14,912 13,795
3,175 2,870 2,210 8,054 2,214 1,850
(2,646) (2,730) (1,977) (8,037) (2,211) (1,850)
34 24,794 - 24 52 55
- - - - - -
563 24,934 233 41 55 55
- - 15,926 - - -
$ 6,564 $ (8,666) $ 18,526 $ 7,500 $ 14,967 $ 13,850

7.0% 7.7% 8.3% 8.0% 8.0% 7.4%
109
City
Fiscal Year Taxable Total
Ended SBE Assessed Direct Rate
June 30 Residential Commercial Industrial Vacant Others Unsecured Nonunitary Value (Note 1) (Note 2) 2014 10,692,188 $ 626,686 $ 62,126 $ 862,106 $ 66,249 $ 79,812 $ -$ $ 12,389,167 0.06726 2015 11,160,366 628,123 62,408 827,167 103,250 94,771 - 12,876,085 0.06737 2016 12,002,314 708,495 63,655 886,735 116,709 96,722 - 13,874,630 0.06759 2017 12,878,350 741,654 64,625 923,983 121,756 91,240 - 14,821,609 0.06777 2018 13,751,499 806,138 65,918 916,682 128,755 108,163 - 15,777,156 0.06793 2019 14,657,850 849,808 67,236 1,120,869 125,915 104,025 - 16,925,704 0.06810 2020 15,332,215 875,520 68,581 1,197,529 134,577 111,122 - 17,719,544 0.06821 2021 16,120,507 911,318 69,953 1,158,981 145,240 120,926 - 18,526,924 0.06830 2022 17,019,898 944,224 70,677 1,264,984 141,540 125,331 - 19,566,655 0.06842 2023 18,743,104 1,010,692 72,091 1,335,449 144,321 140,355 - 21,466,012 0.06859 Notes:

Source: Los Angeles County Assessor 2013/14 - 2022/23 Combined Tax Rolls Note 1: In 1978, the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only re-assessed as a result of new construction activity or at the time it is sold to a new owner. At that point, the property is re-assessed based upon the added value of the construction or at the purchase price (market value) or economic value of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above.

Note 2: Total Direct Rate is the weighted average of all individual direct rates applied by the City.

Secured

CITY OF MALIBU
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years
(amounts expressed in thousands)
110
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Basic Levy (Note 1) 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 Overlapping Rates (Note 2):

Metropolitan Water District 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 Santa Monica Community College Dist 0.05941 0.05873 0.06010 0.05886 0.06845 0.06270 0.07883 0.07854 0.06487 0.07093 Santa Monica-Malibu Unified 0.07381 0.07636 0.07066 0.07006 0.07397 0.06171 0.08100 0.07443 0.08264 0.08050 Total Direct & Overlapping Tax Rates 1.13672 1.13859 1.13426 1.13242 1.14592 1.12791 1.16333 1.15647 1.15101 1.15493 City's Share of 1% Levy Per Prop 13 (Note 3) 0.07044 0.07044 0.07044 0.07044 0.07044 0.07044 0.07044 0.07044 0.07044 0.07044 Total Direct Rate (Note 4) 0.06726 0.06737 0.06759 0.06777 0.06793 0.06810 0.06821 0.06830 0.06842 0.06859 Notes:

Note 1: In 1978, California voters passed Proposition 13 which set the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all taxin agencies for which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage o assessed property values for the payment of any voter approved bonds Note 2: Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to a city property owners.

Note 3: City's Share of 1% Levy is based on the City's share of the general fund tax rate area with the largest net taxable value within the city ERAF (Education Revenue Augmentation Fund) general fund tax shifts may not be included in tax ratio figures Note 4: Total Direct Rate is the weighted average of all individual direct rates applied by the City and excludes revenues derived from aircraft.

Beginning in 2013/14 the Total Direct Rate no longer includes revenue generated from the former redevelopment tax rate areas. Challenges to recognized enforceable obligations are assumed to have been resolved during 2012/13. For the purposes of this report, residual revenue is assumed to be distributed to the City in the same proportions as general fund revenue.

Source: HdL Coren & Cone / Los Angeles County Assessor 2013/14 - 2022/23 Tax Rate Table

CITY OF MALIBU
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
111
Taxpayer
Taxable
Assessed
Value
Percent of
Total City
Taxable
Assessed
Value
Taxable
Assessed
Value
Percent of
Total City
Taxable
Assessed
Value
27600 PCH LLC 1 191,797 $ 0.89%
Blue Heaven Paradise LLC 2 177,000 0.83%
HRL Laboratories LLC 3 153,377 0.72% 1 102,092$ 0.82%
Carbonview Limited LLC 4 130,773 0.61% 2 87,989 0.71%
Malibu Realty LLC 5 120,797 0.56% 3 87,557 0.71%
22310 PCH LLC 6 117,942 0.55%
22108 PCH LLC 7 92,960 0.43%
Goldman Sachs Trust 8 86,450 0.40%
Malibu 2018 PCH LP 9 83,632 0.39%
Mani MBI DE LLC 10 78,587 0.37%
Jamestown Premier Malibu Villa 4 78,540 0.63%
KW Malibu Colony Plaza LLC 5 67,695 0.55%
2XMD Partners LLC 6 59,307 0.48%
Carlyle CP Malibu Limited Partnership 7 58,761 0.47%
Wavebreak LLC 8 47,782 0.39%
Lester J. Knispel Trust 9 45,657 0.37%
T4E Associates LLC 10 38,463 0.31%
$ 1,233,315 5.75% 673,843 $ 5.44%
Source: HdL Coren & Cone / Los Angeles County Assessor 2022/23 Combined Tax Rolls and the SBE Non Unitary Tax Roll

CITY OF MALIBU
2023 2014
Principal Property Tax Payers
Current Year and Nine Years Ago
(amounts expressed in thousands)
112
Fiscal Collected within the Collections
Year Taxes Levied Fiscal Year of Levy in
Ended for the Percent Subsequent Percent
June 30 Fiscal Year Amount of Levy Years Amount of Levy 2014 8,223,383 $ 8,036,592 $ 97.73% 176,988 $ 8,213,580 $ 99.88% 2015 8,699,487 8,512,581 97.85% 185,697 8,698,278 99.99% 2016 9,425,908 9,208,295 97.69% 188,989 9,397,284 99.70% 2017 10,081,189 9,737,073 96.59% 336,303 10,073,376 99.92% 2018 10,816,065 10,401,173 96.16% 407,388 10,808,561 99.93% 2019 11,640,316 11,289,896 96.99% 278,968 11,568,864 99.39% 2020 12,236,702 11,821,468 96.61% 286,286 12,107,753 98.95% 2021 12,850,881 12,367,279 96.24% 364,736 12,732,015 99.08% 2022 13,560,723 12,504,053 92.21% 740,632 13,244,685 97.67% 2023 14,849,370 14,405,574 97.01% 801,152 15,206,726 102.41% Source: County of Los Angeles Assessor
City of Malibu, Finance Department
Total Collections to Date

CITY OF MALIBU
Property Tax Levies and Collections
Last Ten Fiscal Years
113

CITY OF MALIBU
Ratio of Outstanding Debt by Type
Last Ten Fiscal Years
(amounts expressed in thousands, except per capita)
Certificates Unamortized Certificates Unamortized Total Percent of Percent of Fiscal of Direct (Discounts) of Loans (Discounts) Primary Personal Assessed Per Year Participation Borrowings Premiums Participation Payable Premiums Government Income Valuation Capita 2014 25,660 $ $ 11 $ 16,290 (38) $ $ (101)$ - $ 41,822 6.179% 0.338% 3,270 $ 2015 24,445 527 - 15,615 482 - 41,069 5.680% 0.319% 3,208 2016 23,885 72 506 15,025 57 464 40,009 5.346% 0.288% 3,121 2017 32,305 3,908 46 14,455 48 446 51,208 6.602% 0.345% 4,004 2018 31,540 3,734 38 13,880 39 428 49,659 6.158% 0.315% 3,908 2019 54,385 4,633 36 13,300 410 - 72,764 8.554% 0.430% 6,219 2020 53,545 17 4,421 12,710 - 392 71,085 7.777% 0.401% 6,619 2021 52,680 24 4,210 12,105 - 374 69,393 7.096% 0.375% 6,528 2022 51,700 53 3,999 11,485 - 356 67,593 6.869% 0.345% 6,417 2023 50,680 77 3,787 10,850 - 337 65,731 N/A 0.306% 6,253 Notes:

N/A - Information is not available or not required for these years.

Source: City of Malibu, Finance Department
Personal Income for Malibu is not available, but it is estimated by prorating the personal income of the Los Angeles-Long BeachSanta Ana Area based on the Malibu population.

Business-type
Activities
Governmental
Activities
114

CITY OF MALIBU
Direct Governmental and Overlapping Bonded Debt
As of June 30, 2023
Percent
Total Debt Applicable City's Share of
Overlapping Tax and Assessment Debt: 6/30/2023 To City (1) Debt 6/30/2023 Metropolitan Water District $ 19,215,000 0.590% $ 113,369 Santa Monica Community College District 711,042,430 30.523% 217,031,481 Santa Monica-Malibu Unified School District 534,277,688 30.466% 162,773,040 Santa Monica-Malibu Unified School District
School Facilities Improvement District No. 2 93,100,000 89.789% 83,593,559 City of Malibu Community Facilities District No. 2006-1 2,710,000 100.000% 2,710,000 City of Malibu Broad Beach Assessment District 1,475,000 97.377% 1,436,311 City of Malibu Assessment District No. 2015-1 3,560,000 100.000% 3,560,000 TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT $ 471,217,760 Direct and Overlapping Governmental Debt:
2,601,551,282 1.132% 29,449,561
3,403,487 1.132% 38,527
25,573,669 30.466% 7,791,274
50,680,000 100.000% 50,680,000
3,787,181 100.000% 3,787,181
77,231 100.000% 77,231
$ 91,823,774
$ 54,544,412
$ 508,497,122
$ 508,497,122
$ 563,041,534
$ 563,041,534
$ 21,446,012,134
Los Angeles County General Fund Obligations
Los Angeles Superintendent of Schools COP
Santa Monica-Malibu Unified School District COP
City of Malibu Certificates of Participation
City of Malibu COPs Deferred/Discounts/Premiums
City of Malibu Direct Borrowings

TOTAL DIRECT AND OVERLAPPING GOVERNMENTAL DEBT
SUBTOTAL DIRECT DEBT (2)

SUBTOTAL GROSS OVERLAPPING DEBT

SUBTOTAL NET OVERLAPPING DEBT
GROSS COMBINED TOTAL DEBT (3)

NET COMBINED TOTAL DEBT
2022-23 Assessed Valuation
Ratios to 2022-23 Assessed Valuation:

Overlapping Tax and Assessment Debt 2.20%
Total Direct Debt ($54,544,412) 0.25%
Net Combined Total Debt 2.63%
Note 1: The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value.

Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value.

Note 2: Excludes Refunding Certificate of Participation 2015A and a portion of Refunding Certificate of Participation 2015B which are supported by enterprise revenue.

Note 3: Excludes tax and revenue anticipation notes, enterprise revenue, and mortgage revenue obligations.

Source: California Municipal Statistics
115

CITY OF MALIBU
Legal Debt Margin Information
Last Ten Fiscal Years
(amounts in thousands)
Legal Debt Margin Calculation for the Current Year:

Assessed value 21,446,012 $
Debt limit (15% of assessed value) 3,216,902
Debt applicable to limit (see Note) -
Legal debt margin - Current Year $ 3,216,902
Debt Legal Debt as
Fiscal Debt Applicable Debt Percentage
Year Limit to Limit Margin of Limit
2014 1,858,375 $ - $ 1,858,375 $ 0%
2015 1,931,413 - 1,931,413 0%
2016 2,081,195 - 2,081,195 0%
2017 2,223,241 - 2,223,241 0%
2018 2,366,573 - 2,366,573 0%
2019 2,538,856 - 2,538,856 0%
2020 2,657,932 - 2,657,932 0%
2021 2,779,039 - 2,779,039 0%
2022 2,934,998 - 2,934,998 0%
2023 3,216,902 - 3,216,902 0%
Source: City of Malibu, Finance Department
Note: The City's Certificates of Participation are not general obligation debt and, consequently, are excluded from the calculation.
116

CITY OF MALIBU
Demographic and Economic Statistics
Last Ten Fiscal Years
Personal Per Capita
City Income Personal Unemployment
Year Population Population (in thousands) Income Rate
2014 12,791 13,184,705 676,869,349 $ 51,337$ 7.60%
2015 12,804 13,256,931 723,002,680 54,538 6.40%
2016 12,818 13,295,906 748,381,829 56,287 5.20%
2017 12,788 13,309,287 775,685,639 58,282 4.60%
2018 12,707 13,285,814 806,414,541 60,697 4.50%
2019 11,700 13,236,539 850,624,522 64,262 4.20%
2020 10,739 13,177,752 914,040,421 69,362 16.70%
2021 10,630 12,972,847 977,881,120 75,379 9.20%
2022 10,534 12,872,322 984,030,663 76,445 4.50%
2023 10,512 N/A N/A N/A 4.90%
Note (1)
Note (2) N/A - Information is not available for those years Sources: Unemployment Rates from the Bureau of Labor Statistics Personal Income from the Bureau of Economic Analysis
City Population from the State Department of Finance
Los Angeles-Long Beach-Anaheim
CA Metropolitan Statistical Area (Note 1)
The personal income and unemployment rates are not available for the City of Malibu exclusively. Therefore, the City is disclosing information for the Metropolitan Service Area that includes Malibu.
117

CITY OF MALIBU
Full-Time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years
Function/Program 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 General Government
Management and Administrative Services 15.62 17.43 17.93 21.93 23.43 22.43 20.25 19.00 20.00 22.00 Public Safety
Emergency Preparedness 1.00 1.00 1.00 1.00 2.00 3.00 3.50 3.00 4.50 4.50 City Clerk
City Clerk and Records Management 2.00 2.00 2.00 2.00 2.00 2.00 2.00 3.00 3.00 3.00 Public Works
Public Works and Engineering 7.00 7.00 7.00 9.00 9.00 9.00 10.00 10.00 11.00 12.00 Community Services
Recreation and Park Maintenance 17.79 19.39 19.44 19.37 20.81 21.37 21.27 17.67 22.77 22.69 Environmental Sustainability
Building Safety and Permit Services 14.50 15.50 15.50 15.50 17.50 18.50 18.00 17.00 20.00 21.00 Planning
Planning and Code Enforcement 17.50 20.50 19.50 19.50 21.00 21.25 22.50 20.00 23.00 26.00 Source: City of Malibu, Finance Department
118

CITY OF MALIBU
Indicators of Demand or Level of Service
Last Ten Fiscal Years
Function/Program 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Recreation
Use of Facilities (hours) 16,060 15,378 15,220 15,665 16,829 16,484 14,930 17,945 16,635 20,423 Visitors Served 111,569 165,477 150,160 139,822 172,358 100,175 126,603 146,096 128,564 181,140 Police
Physical arrests 105 1,037 975 812 1,047 779 924 1,080 772 550 Parking violations 10,109 8,535 11,302 12,936 15,225 17,305 28,354 29,929 24,985 15,382 Traffic violations 12,722 22,140 19,214 7,294 8,365 7,711 10,173 7,974 7,628 6,028 Community Development
Permits Issued 1,874 1,793 1,972 1,798 1,719 2,338 2,523 2,444 2,276 2,166 In-house Plan Checks 660 608 636 620 457 442 946 681 829 649 Off-site Plan Checks 246 191 335 274 433 660 387 646 521 679 Public Works
In-house Plan Checks 508 492 592 493 851 995 1,155 1,148 886 972 Encroachment Permits Issued 162 187 396 150 153 217 208 291 278 261 Source: City of Malibu, Various Departments
119

CITY OF MALIBU
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
Function/Program 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Fire Protection
Fire Stations 4 4 4 4 4 4 4 4 4 4
Fire Engines 6 6 6 6 6 6 6 6 6 6
Other Fire Vehicles 9 9 9 9 9 9 9 9 9 9
Fire Personnel* 54 54 54 54 54 54 54 54 54 54
Paramedic Squads* 2 2 2 2 222222
Police
Police Vehicles 15 15 15 15 15 15 15 15 15 17
Sworn Personnel** 24 24 24 24 24 24 24 24 24 28
Non-Sworn Personnel** 1 1 1 1 111111
Community Service
Parks and Park Trails 5 5 5 5 555555
Park Acreage 18 18 18 18 18 18 20 20 20 20
Open Space Acreage 588 588 588 588 588 588 588 588 588 588 Vacant Land 0 0 0 35 35 66 67 67 67 67
Community Centers 1 1 1 1 1 1 1 1 1 1
Swimming Pools*** 1 1 1 1 1 1 1 1 1 1
Public Works
Miles of Streets 74 74 74 74 74 74 74 74 74 74
Miles of Sidewalks 12 12 12 12 12 12 12 12 12 12
Number of Intersections 270 270 270 270 270 270 270 270 270 270 Total Traffic Signals 5 5 5 5 566666
Miles of Storm Drains 5 5 5 5 5 5 5 5 5 5
* Fire services provided by contract with Los Angeles County Fire Department ** Police services provided by contract with Los Angeles County Sheriff's Department ***Swimming Pool owned by other entities but operated by City of Malibu Source: City of Malibu, Finance Department
120

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Malibu City CouncilFebruary 12, 2024

Malibu City Council
February 12, 2024