Agenda packet — Murrieta City Council, April 2, 2024 (part 3 of 3)

TRP16-23-0020

City of Murrieta

Certification of Funding

Amount Encumbered by
this Agreement
Prior Amount Encumbered for
this Agreement
Total Amount
Encumbered to Date
$145,720.00

$145,720.00

Grant Year/Program Chapter Statute Year
2023-24 Rubberized
Pavement Grant Program 12 2023

Org Code Reference Fund
3970 101 0226

Enactment Year Fiscal Year Fund Title
2023 2023-24 TIRE

Fi$Cal Expenditure Information

Reporting Structure Program (PGM-SUB-TSK) Account/Alt Account 39707830 3700000214 5432000

I hereby certify upon my own personal knowledge that budgeted f unds are available for the period and purpose of the expenditure stated above.

Signature of CalRecycle Budget Office Date

Dalma Gomez
Digitally signed by Dalma Gomez
Date: 2024.01.31 12:44:17 -08'00' Jan 31, 2024
361
From: Xiong, Jeremy@CalRecycle
To: Strang, Garrett
Cc: Hitch, Jeff; Summers, Kim
Subject: Notice To Proceed – Rubberized Pavement Grant Program – FY 2023-24 – City of Murrieta Date: Wednesday, February 7, 2024 4:34:03 PM
Attachments: image001.jpg
City of Murrieta TRP16-23-0020 Grant Agreement - signed.pdf Importance: High
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe.

Hello Garrett.

This email is your Notice to Proceed, which authorizes you as of the date of this correspondence to incur costs for your grant project. Attached is a copy of your executed Grant Agreement Cover Sheet (CalRecycle 110). Please review all Grant Agreement provisions to ensure that grant work performed and costs incurred are in compliance with the Grant Agreement. Remember that you are responsible for managing your contractors, subcontractors, and other agents and ensuring their compliance with the Grant Agreement provisions.

It is your responsibility to maintain a copy of the executed Grant Agreement Cover Sheet (CalRecycle 110) and this email in your grant files as required for audit purposes.

Please keep me informed of changes to your staff contact, address, phone number, etc. If you have any questions regarding your project, please contact me at (916) 341-6099 or [email protected]
.

Sincerely,

Jeremy Xiong
AGPA | 916-341-6099
Financial Resources Management Branch
Tire Incentives for Recycling and the Environment (TIRE) Unit

362

CITY OF MURRIETA
City Council Meeting Agenda
Report
4/2/2024
Agenda Item No. 13.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Robert K. Moehling, Director of Public Works
PREPARED BY: James Ozouf, Senior Civil Engineer, CIP
SUBJECT:

Parcel Charge for National Pollution Discharge Elimination System Program

RECOMMENDATION
Adopt Resolution No. 24-4729 entitled: A Resolution of the City Council of Murrieta, California, Requesting that the County of Riverside Levy the Fiscal Year 2024/25 Community Service Area 152 Parcel Charge and Requesting Continued Participation in Community Service Area 152; Direct the City Clerk to certify approval of the Resolution and submit a certified copy to the County of Riverside; and
Amend the Fiscal Year 2024/25 Operating Budget to match the estimated levy amount.

PRIOR ACTION/VOTE
On April 6, 2021, the City Council adopted Resolution No. 21-4377, requesting that the County of Riverside continue collecting the parcel charge in the amount of $10 per Benefit Assessment Unit (Vote: 5-0).

On March 15, 2022, the City Council adopted Resolution No. 22-4533, requesting that the County of Riverside continue collecting the parcel charge in the amount of $10 per Benefit Assessment Unit (Vote: 5-0).

On April 4, 2023, the City Council adopted Resolution No. 23-4656, requesting that the County of Riverside continue collecting the parcel charge in the amount of $10 per Benefit Assessment Unit (Vote: 5-0).

CITY COUNCIL GOAL
Plan, program and create infrastructure development.

BACKGROUND
The National Pollutant Discharge Elimination System (NPDES) is a permit program regulated by the U.S.

Environmental Protection Agency, addressing water pollution by regulating point sources that discharge pollutants into the waters of the United States. In 1993, the City annexed into Community Service Area (CSA) 152 to fund the City’s participation in the NPDES program. Following the passage of Proposition 218 on November 5, 1996, the County of Riverside has continued to allow CSA 152 to be utilized by the City, provided CITY OF MURRIETA Printed on 3/29/2024Page 1 of 2
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4/2/2024
Agenda Item No. 13.

November 5, 1996, the County of Riverside has continued to allow CSA 152 to be utilized by the City, provided the following requirements are met:
· An annual parcel charge will be levied;
· The parcel charge to be levied meets the requirements of Proposition 218; and · Annually, the City passes a resolution requesting continued participation in CSA 152.

In accordance with Proposition 218, the number of Benefit Assessment Units has been assigned to each parcel based on the land use of the parcel and the anticipated benefits received. The County of Riverside has established a formula that has been used to ensure the parcel charge is compliant with Proposition 218. The parcel charge of $10 per Benefit Assessment Unit is the same charge levied during the previous fiscal year, which is the cap set by Proposition 218. All developed parcels within the City will pay the same levy charge of $10 per Benefit Assessment Unit. For the Fiscal Year (FY) 2023/24, 32,678 assessor parcels were assessed for a total assessment amount of $531,259.11.

For FY 2024/25, it is estimated that 32,825 parcels will be assessed due to additional developed parcels, and it is estimated that the assessed amount will be approximately $545,000.

Each year, per the administrative services agreement with the County of Riverside, 6% of the total assessed amount is paid to the County of Riverside to carry out administrative services. The City is expected to receive the remaining amount of approximately $512,000, which will be utilized for the maintenance of storm drains, catch basins, and street sweeping in the City. The funds are also used to finance the implementation agreement with Riverside County Flood Control and Water Conservation District, which satisfies some of the NPDES permit requirements that the San Diego Regional Water Quality Control Board administers.

FISCAL IMPACT
The parcel charge of $10 per Benefit Assessment Unit is projected to generate approximately $512,000 for the City and will be applied to the FY 2024/25 NPDES portion of the Operating Budget. An increase to the FY 2024/25 Operating Budget is necessary to adjust the budget from $488,000 to $512,000.

ATTACHMENTS

1. Resolution No. 24-4729
CITY OF MURRIETA Printed on 3/29/2024Page 2 of 2
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364
01375.0024/867835.1
RESOLUTION NO. 24-4729

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

MURRIETA, CALIFORNIA, REQUESTING THAT TH E COUNTY OF
RIVERSIDE LEVY THE FISCAL YEAR 2024/25 COMMUNITY SERVICE AREA 152 PARCEL CHARGE AND REQUESTING CONTINUED
PARTICIPATION IN COMMUNITY SERVICE AREA 152
WHEREAS, the County of Riverside (“County”) has established a Community Service Area, CSA 152, for the purpose of collecting parcel charges for services within its boundaries; and

WHEREAS, the City of Murrieta (“City”), in order to fund its participation in the National Pollutant Discharge Elimination System (“NPDES”), annexed into CSA 152 in 1993; and

WHEREAS, the levy of assessments within CSA 152 is subject to the provisions of Proposition 218, which passed in the statewide election held on November 5, 1996; and

WHEREAS, the County has agreed to continue to allow the CSA 152 funding vehicle to be utilized by participating cities so long as the parcel charge to be levied meets the requirements of Proposition 218 and cities adopt an annual resolution requesting continued participation in CSA 152 and requesting the levy of the parcel charge each new fiscal year; and

WHEREAS, the City has determined that the propos ed CSA 152 parcel charge is a benefit assessment under Proposition 218; and

WHEREAS, the City has complied with Article XIIID of the State Constitution regarding the imposition of assessments; and

WHEREAS, the City desires to continue a parcel levy of $10.00 per Benefit Assessment Unit in Fiscal Year 202 4/25 -- the s ame amount levied during the Fiscal Year 2023/24 -- to fund the requirements of the NPDES permit imposed by the Environmental Protection Agency and Regional Water Quality Control Boards.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MURRIETA, CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. That the City of Murrieta requests continued participation in CSA 152.

Section 2. That the City of Murrieta requests that the County of River side levy a Fiscal Year 2024/25 parcel charge in the amount of $10.00 per Benefit Assessment Unit on each developed parcel within the City.

Section 3. That the City Clerk is directed to certify approval of the Resolution and to submit a certified copy to the County of Riverside.

365
Resolution No. 24-4729

Page 2 of 2 ends

01375.0024/867835.1
PASSED AND ADOPTED this 2nd day of April, 2024

______________________________
Lori Stone, Mayor

ATTEST:

____________________________
Cristal McDonald, City Clerk

APPROVED AS TO FORM:

____________________________
Tiffany Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )

I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 24-4729was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 2nd day of April, 2024,and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

______________________________
Cristal McDonald, City Clerk
366

CITY OF MURRIETA
City Council Meeting Agenda
Report
4/2/2024
Agenda Item No. 14.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Kim Summers, City Manager
PREPARED BY: Diego Chavez, Administrative Services Director SUBJECT:

Amending to the Comprehensive Salary Schedule for Fiscal Year 2023/24

RECOMMENDATION
Adopt Resolution No. 24-4730, entitled: A Resolution of the City Council of the City of Murrieta, California, Amending the Comprehensive Salary Schedule for Fiscal Year 2023/24.

PRIOR ACTION/VOTE
On June 20, 2023, the City Council adopted Resolution No. 23-4672, establishing the Comprehensive Salary Schedule for Fiscal Year 2023/24 (Vote: 4-0-1).

On August 1, 2023, the City Council adopted Resolution No. 23-4697, approving an amendment to the Comprehensive Salary Schedule for Fiscal Year 2023/24 (Vote: 5-0).

On December 19, 2023, the City Council adopted Resolution No. 23-4720, amending the Comprehensive Salary Schedule for Fiscal Year 2023/24 (Vote: 5-0).

CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.

BACKGROUND
The City of Murrieta (City) maintains a Comprehensive Salary Schedule (Salary Schedule) that is regularly presented to the City Council for consideration. Employees of the City receive a rate of pay within the established salary range for their job classification. The Salary Schedule is maintained in compliance with State regulations and is intended to ensure transparency and consistency when reporting compensation for City employees to the California Public Employees Retirement System (CalPERS).

The Salary Schedule is also intended to satisfy the requirements of the Public Employees Retirement Law and California Code of Regulations (CCR) at 2 CCR 570.5 that public agencies contracting with CalPERS adopt a "Publicly Available Pay Schedule" for purposes of determining an employee's "compensation earnable," which CITY OF MURRIETA Printed on 3/29/2024Page 1 of 2
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4/2/2024
Agenda Item No. 14.
is the amount used to calculate retirement benefits.

The positions listed in the Salary Schedule may not necessarily be budgeted or funded in any given fiscal year. The City Council typically authorizes and funds specific positions during the adoption of the biennial budget and ongoing budget updates.

According to the City's Personnel Rules (Resolution No. 91-64), the City Manager recommends adjusting the Salary Schedule as salaries are adjusted and negotiated, and job classifications are created or revised. The proposed Resolution No. 24-4730 (Attachment 1) amends the Fiscal Year 2023/24 Salary Schedule to add a salary range for newly created classifications, including Emergency Medical Services Nurse Coordinator, Code Enforcement Manager, Director of Municipal Services, and Library Services Supervisor. The Emergency Medical Services Nurse Coordinator, Code Enforcement Manager, and Director of Municipal Services are proposed to be unrepresented classifications. The Library Services Supervisor is proposed to be represented by the Murrieta Supervisors' Association. Implementation of the addition of the new classifications is subject to any meet and confer as may be required by the Meyers-Milias-Brown Act and subject to City Council budget authorization.

The City Manager recommends the additions to increase operational efficiency and effectiveness. Section

2.08.060 of the Municipal Code provides the City Manager the power to conduct studies and effect such organization and reorganization of offices, positions, or units in the interest of efficient, effective, and economical conduct of the City's business. The City retained the professional services of Municipal Resource Group (MRG) to assist with assessing and evaluating the proposed classifications. MRG's assessment included written questionnaires and interviews with employees and management. The salary range for each proposed position is based on the consultant's salary survey of benchmark agencies and the existing salary range of other classifications.

FISCAL IMPACT
The referenced amendment will be incorporated into the budget during a future budget update when it occurs.

ATTACHMENTS

1. Resolution No. 24-4730
CITY OF MURRIETA Printed on 3/29/2024Page 2 of 2
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368
RESOLUTION NO. 24-4730

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

MURRIETA, CALIFORNIA , AMENDING THE COMPREHENSIVE
SALARY SCHEDULE FOR FISCAL YEAR 2023/24

WHEREAS, each fiscal year the City Council of the City of Murrieta (City) adopts a new Comprehensive Salary Schedule (Salary Schedule), a document that includes a list of employment classifications for the City and their corresponding compensation ranges; and

WHEREAS, the City, through negotiations with various employee bargaining groups, has established corresponding Memorandums of Understanding which are in full force and effect, and has similarly established a Compensation Plan for Management and Confidential employees and an employment agreement with the City Manager; and

WHEREAS, the California Public Employees’ Retirement System (“CalPERS”) limits “compensation earnable” for retirement purposes to amounts listed on a pay schedule meeting requirements set forth in section 570.5 of title 2 of the California Code of Regulations, including that government agency employers provide and make available to the public the salary of all full-time, part-time employees and elected officials in a single salary format specified by CalPERS; and

WHEREAS, the City previously compiled the necessary salary data to create a Salary Schedule for Fiscal Year 2023/24, which was adopted by the City Council on June 20, 2023 , and effective July 2, 2023 ; and

WHEREAS, the Salary Schedule was updated on August 1, 2023 , by City Council Resolution No. 23 - 4697; and

WHEREAS, the Salary Schedule was updated on December 19, 2023, by City Council Resolution No. 23- 4720; and

WHEREAS, the City desires to further amend the salary data in the Salary Schedule for Fiscal Year 2023/24 (“Updated Comprehensive Salary Schedule”), as shown in the document attached hereto as Exhibit A, in compliance with the requirements of CALPERS; and

WHEREAS, the Updated Comprehensive Salary Schedule reflects the salary range for the new classifications of Emergency Medical Services Nurse Coordinator, Code Enforcement Manager, Director of Municipal Services, and Library Services Supervisor.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MURRIETA, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. That the Updated Comprehensive Salary Schedule attached hereto as Exhibit A is adopted and shall be effective April 2, 2024
Section 2. Implementation of the addition of the new classifications of Emergency Medical Services Nurse Coordinator, Code Enforcement Manager, Director of Municipal Services, and Library Services Supervisor and the compensation ranges for these classification as reflected in the Updated Comprehensive Salary Schedule shall be subject to any meet and confer as may be required by the Meyers-Milias-Brown Act (MMBA), Government Code §3500 et seq. 369
Resolution No. 24-4730

Page 2 of 2 ends

PASSED, APPROVED, AND ADOPTED this 2nd day of April 2024, by the City Council of the City of Murrieta, State of California.

Lori Stone, Mayor

ATTEST:

Cristal McDonald, City Clerk

APPROVED AS TO FORM:

Tiffany Israel, City Attorney

STATE OF CALIFORNIA )

COUNTY OF RIVERSIDE )

CITY OF MURRIETA )

I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 24-4730 was duly adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 2nd day of April, 2024, and was signed by the mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Cristal McDonald, City Clerk
370

City of Murrieta
Comprehensive Pay Schedule
April 2, 2024

371
Full\Dept Heads
Report Run Date:
03/13/2024

ACCOUNTANT AT-WILL
A
Start Date
Hourly Annual
Monthly
Step
6,253.0736.07544
07/02/23
A
75,036.91
6,565.7237.87921
07/02/23
B
78,788.75
6,894.0139.77318
07/02/23
C
82,728.21
7,238.7141.76183
07/02/23
D
86,864.60
7,600.6543.84993
07/02/23
E
91,207.85

ACCOUNTANT TRAINEE
A
Start Date
Hourly Annual
Monthly
Step
5,741.4633.12382
07/02/23
A
68,897.54
6,028.5334.78001
07/02/23
B
72,342.42
6,329.9636.51901
07/02/23
C
75,959.54
6,646.4538.34496
07/02/23
D
79,757.51
6,978.7840.26221
07/02/23
E
83,745.39

ACCOUNTING ASSISTANT
A
Start Date
Hourly Annual
Monthly
Step
4,148.0123.93087
07/02/23
A
49,776.20
4,355.4125.12742
07/02/23
B
52,265.03
4,573.1926.38379
07/02/23
C
54,878.28
4,801.8427.70298
07/02/23
D
57,622.19
5,041.9429.08812
07/02/23
E
60,503.28

ACCOUNTING MANAGER
Start Date
Hourly Annual
Monthly
Step
11,236.6964.82706
07/02/23
MX
134,840.28
9,244.4553.33337
07/02/23
MN
110,933.40

ACCOUNTING SPECIALIST
A
Start Date
Hourly Annual
Monthly
Step
4,582.8726.43967
07/02/23
A
54,994.51
4,812.0127.76165
07/02/23
B
57,744.23
5,052.6129.14973
07/02/23
C
60,631.43
5,305.2530.60722
07/02/23
D
63,663.01
5,570.5132.13758
07/02/23
E
66,846.16

ACCOUNTING SUPERVISOR
A
Start Date
Hourly Annual
Monthly
Step
7,467.5043.08178
07/02/23
A
89,610.10
7,840.8845.23587
07/02/23
B
94,090.60
8,232.9247.49766
07/02/23
C
98,795.13
8,644.5749.87254
07/02/23
D
103,734.88
9,076.8052.36617
07/02/23
E
108,921.63

ACCOUNTING TECH AT WILL
A
Start Date
Hourly Annual
Monthly
Step
5,451.6631.45192
07/02/23
A
65,419.99
372
Full\Dept Heads
Report Run Date:
03/13/2024
5,724.2433.02451
07/02/23
B
68,690.98
6,010.4634.67574
07/02/23
C
72,125.53
6,310.9836.40952
07/02/23
D
75,731.80
6,626.5338.23000
07/02/23
E
79,518.40

ADMIN SERVICES DIRECTOR
A
Start Date
Hourly Annual
Monthly
Step
23,496.01135.55391
07/02/23
MX
281,952.13
18,200.00105.00000
07/02/23
MN
218,400.00

ADMINISTRATIVE ASSISTANT
A
Start Date
Hourly Annual
Monthly
Step
5,451.6631.45192
07/02/23
A
65,419.99
5,724.2533.02452
07/02/23
B
68,691.00
6,010.4634.67574
07/02/23
C
72,125.53
6,310.9836.40953
07/02/23
D
75,731.82
6,626.5338.23000
07/02/23
E
79,518.40

ADMINISTRATIVE FIRE ENGINEER
Start Date
Hourly Annual
Monthly
Step
9,144.5352.75691
07/02/23
A
109,734.37
9,601.7555.39475
07/02/23
B
115,221.08
10,081.8458.16449
07/02/23
C
120,982.13
10,585.9361.07271
07/02/23
D
127,031.23
11,115.2364.12635
07/02/23
E
133,382.80

ADMINISTRATIVE MANAGER
A
Start Date
Hourly Annual
Monthly
Step
11,073.5163.88564
07/02/23
MX
132,882.13
9,110.2052.55888
07/02/23
MN
109,322.47

ASSISTANT CITY CLERK
Start Date
Hourly Annual
Monthly
Step
7,467.5043.08178
07/02/23
A
89,610.10
7,840.8845.23587
07/02/23
B
94,090.60
8,232.9247.49766
07/02/23
C
98,795.13
8,644.5749.87254
07/02/23
D
103,734.88
9,076.8052.36617
07/02/23
E
108,921.63

ASSISTANT CITY MANAGER
A
Start Date
Hourly Annual
Monthly
Step
25,904.35149.44819
07/02/23
MX
310,852.23
20,296.98117.09800
07/02/23
MN
243,563.84

ASSISTANT MANAGEMENT ANALYST
A
Start Date
Hourly Annual
Monthly
Step
6,724.6038.79578
07/02/23
A
80,695.22
7,060.8340.73557
07/02/23
B
84,729.98
7,413.8742.77235
07/02/23
C
88,966.48
373
Full\Dept Heads
Report Run Date:
03/13/2024
7,784.5644.91096
07/02/23
D
93,414.79
8,173.7947.15651
07/02/23
E
98,085.54

ASSISTANT PLANNER
A
Start Date
Hourly Annual
Monthly
Step
5,957.5534.37051
07/02/23
A
71,490.66
6,255.4336.08904
07/02/23
B
75,065.20
6,568.2037.89349
07/02/23
C
78,818.45
6,896.6139.78816
07/02/23
D
82,759.37
7,241.4441.77757
07/02/23
E
86,897.34

ASSISTANT TO THE CITY MANAGER
A
Start Date
Hourly Annual
Monthly
Step
9,612.3855.45606
07/02/23
A
115,348.60
10,093.0058.22886
07/02/23
B
121,116.02
10,597.6561.14030
07/02/23
C
127,171.82
11,127.5364.19732
07/02/23
D
133,530.42
11,683.9167.40718
07/02/23
E
140,206.93

ASSOCIATE CIVIL ENGINEER
A
Start Date
Hourly Annual
Monthly
Step
8,063.9446.52274
07/02/23
A
96,767.29
8,467.1348.84888
07/02/23
B
101,605.67
8,890.4951.29132
07/02/23
C
106,685.94
9,335.0153.85588
07/02/23
D
112,020.23
9,801.7756.54868
07/02/23
E
117,621.25

ASSOCIATE PLANNER
A
Start Date
Hourly Annual
Monthly
Step
7,054.1240.69689
07/02/23
A
84,649.53
7,406.8342.73173
07/02/23
B
88,882.00
7,777.1744.86832
07/02/23
C
93,326.10
8,166.0347.11173
07/02/23
D
97,992.39
8,574.3349.46732
07/02/23
E
102,892.02

AUDIO VISUAL TECHNICIAN
A
Start Date
Hourly Annual
Monthly
Step
5,451.6631.45192
07/02/23
A
65,419.99
5,724.2433.02451
07/02/23
B
68,690.98
6,010.4634.67574
07/02/23
C
72,125.53
6,310.9836.40952
07/02/23
D
75,731.80
6,626.5338.23000
07/02/23
E
79,518.40

BUILDING INSPECTION SUPERVISOR
A
Start Date
Hourly Annual
Monthly
Step
7,378.6642.56921
07/02/23
A
88,543.95
7,747.5944.69767
07/02/23
B
92,971.15
8,134.9746.93255
07/02/23
C
97,619.70
8,541.7249.27918
07/02/23
D
102,500.69
374
Full\Dept Heads
Report Run Date:
03/13/2024
8,968.8151.74314
07/02/23
E
107,625.73

BUILDING INSPECTOR I
A
Start Date
Hourly Annual
Monthly
Step
4,357.6925.14053
07/02/23
A
52,292.30
4,575.5726.39756
07/02/23
B
54,906.92
4,804.3527.71744
07/02/23
C
57,652.27
5,044.5729.10331
07/02/23
D
60,534.88
5,296.8030.55848
07/02/23
E
63,561.63

BUILDING INSPECTOR II
A
Start Date
Hourly Annual
Monthly
Step
5,826.4833.61432
07/02/23
A
69,917.78
6,117.8035.29504
07/02/23
B
73,413.68
6,423.6937.05979
07/02/23
C
77,084.36
6,744.8838.91278
07/02/23
D
80,938.58
7,082.1240.85842
07/02/23
E
84,985.51

BUILDING INSPECTOR III
A
Start Date
Hourly Annual
Monthly
Step
6,416.2237.01671
07/02/23
A
76,994.75
6,737.0438.86754
07/02/23
B
80,844.48
7,073.8940.81092
07/02/23
C
84,886.71
7,427.5842.85147
07/02/23
D
89,131.05
7,798.9644.99404
07/02/23
E
93,587.60

BUILDING OFFICIAL
A
Start Date
Hourly Annual
Monthly
Step
13,524.9778.02872
07/02/23
MX
162,299.73
11,127.0364.19444
07/02/23
MN
133,524.43

BUILDING SAFETY MANAGER
Start Date
Hourly Annual
Monthly
Step
11,592.8466.88177
07/02/23
MX
139,114.08
9,537.4555.02379
07/02/23
MN
114,449.48

BUSINESS DEVELOPMT PROGRAM MGR
A
Start Date
Hourly Annual
Monthly
Step
7,587.3043.77293
07/02/23
A
91,047.69
7,966.6745.96157
07/02/23
B
95,600.06
8,365.0048.25965
07/02/23
C
100,380.07
8,783.2550.67263
07/02/23
D
105,399.07
9,222.4153.20626
07/02/23
E
110,669.02

CAD/RMS ADMINISTRATOR
A
Start Date
Hourly Annual
Monthly
Step
7,595.1443.81814
07/02/23
A
91,141.73
7,974.9046.00904
07/02/23
B
95,698.80
8,373.6448.30950
07/02/23
C
100,483.76
375
Full\Dept HeadsReport Run Date: 03/13/2024
8,792.3250.7249707/02/23D 105,507.93
9,231.9453.2612207/02/23E 110,783.33

CIRCULATION SUPERVISOR A
Start Date Hourly AnnualMonthlyStep
6,260.8236.1201307/02/23A 75,129.87
6,573.8637.9261407/02/23B 78,886.37
6,902.5539.8224407/02/23C 82,830.67
7,247.6841.8135707/02/23D 86,972.22
7,610.0643.9042407/02/23E 91,320.81

CITY CLERK A
Start Date Hourly AnnualMonthlyStep
19,962.39115.1676707/02/23MX 239,548.75
15,641.0590.2368807/02/23MN 187,692.71

CITY ENGINEER
Start Date Hourly AnnualMonthlyStep
15,039.9486.7689307/02/23MX 180,479.37
12,373.4071.3850107/02/23MN 148,480.82

CITY MANAGER A
Start Date Hourly AnnualMonthlyStep
28,494.78164.3930108/13/23MX 341,937.46

0.000.0000008/13/23MN 0.00

CITY PLANNER A
Start Date Hourly AnnualMonthlyStep
14,406.0783.1119807/02/23MX 172,872.91
11,851.9168.3764407/02/23MN 142,223.00

CIVIL ENGINEERING ASSISTANT A
Start Date Hourly AnnualMonthlyStep
6,186.4635.6911407/02/23A 74,237.57
6,495.7837.4756907/02/23B 77,949.43
6,820.5739.3494807/02/23C 81,846.91
7,161.6041.3169507/02/23D 85,939.25
7,519.6843.3828007/02/23E 90,236.22

CODE ENFORCEMENT MANAGER A
Start Date Hourly AnnualMonthlyStep
12,475.1271.9718804/02/24MX 149,701.51
9,706.6756.0000404/02/24MN 116,480.08

CODE ENFORCEMENT OFFICER I A
Start Date Hourly AnnualMonthlyStep
5,555.3432.0500507/02/23A 66,664.10
5,833.1033.6525507/02/23B 69,997.30
6,124.7635.3351807/02/23C 73,497.17
6,431.0037.1019407/02/23D 77,172.03
376
Full\Dept HeadsReport Run Date: 03/13/2024
6,752.5538.9570407/02/23E 81,030.64

CODE ENFORCEMENT OFFICER II A
Start Date Hourly AnnualMonthlyStep
6,141.2935.4305207/02/23A 73,695.48
6,448.3537.2020507/02/23B 77,380.26
6,770.7739.0621507/02/23C 81,249.27
7,109.3141.0152607/02/23D 85,311.74
7,464.7743.0660207/02/23E 89,577.32

CODE ENFORCEMENT SUPERVISOR A
Start Date Hourly AnnualMonthlyStep
7,360.2042.4627207/02/23A 88,322.45
7,728.2144.5858607/02/23B 92,738.58
8,114.6246.8151507/02/23C 97,375.51
8,520.3549.1559107/02/23D 102,244.29
8,946.3751.6137107/02/23E 107,356.51
COMM. RISK/DISASTER PREP ADMIN
Start Date Hourly AnnualMonthlyStep
6,416.2237.0167107/02/23A 76,994.75
6,737.0438.8675407/02/23B 80,844.48
7,073.8940.8109207/02/23C 84,886.71
7,427.5842.8514707/02/23D 89,131.05
7,798.9644.9940407/02/23E 93,587.60

COMMUNICATIONS SPECIALIST A
Start Date Hourly AnnualMonthlyStep
5,724.2533.0245207/02/23A 68,691.00
6,010.4634.6757407/02/23B 72,125.53
6,310.9836.4095307/02/23C 75,731.82
6,626.5338.2300007/02/23D 79,518.40
6,957.8640.1415107/02/23E 83,494.34

COMMUNITY SERVICE MANAGER
Start Date Hourly AnnualMonthlyStep
9,697.5255.9472507/02/23MX 116,370.28
7,978.1746.0279507/02/23MN 95,738.13

COMMUNITY SERVICES OFFICER I
Start Date Hourly AnnualMonthlyStep
4,317.2324.9071007/02/23A 51,806.76
4,533.0926.1524507/02/23B 54,397.09
4,759.7427.4600807/02/23C 57,116.96
4,997.7328.8330807/02/23D 59,972.80
5,247.6130.2747307/02/23E 62,971.43

COMMUNITY SERVICES OFFICER II A
Start Date Hourly AnnualMonthlyStep
377
Full\Dept HeadsReport Run Date: 03/13/2024
4,748.9527.3978007/02/23A 56,987.42
4,986.3928.7676907/02/23B 59,836.79
5,235.7130.2060707/02/23C 62,828.62
5,497.5031.7163707/02/23D 65,970.04
5,772.3733.3021907/02/23E 69,268.55

CRIME ANALYST A
Start Date Hourly AnnualMonthlyStep
6,107.0835.2332007/02/23A 73,285.05
6,412.4436.9948707/02/23B 76,949.32
6,733.0638.8446107/02/23C 80,796.78
7,069.7140.7868407/02/23D 84,836.62
7,423.2042.8261807/02/23E 89,078.45

DEPUTY CITY CLERK A
Start Date Hourly AnnualMonthlyStep
6,288.7336.2811707/02/23A 75,464.83
6,603.1738.0952307/02/23B 79,238.07
6,933.3339.9999907/02/23C 83,199.97
7,280.0041.9999907/02/23D 87,359.97
7,644.0044.0999907/02/23E 91,727.97

DEPUTY CITY MANAGER A
Start Date Hourly AnnualMonthlyStep
24,670.81142.3316107/02/23MX 296,049.74
19,330.13111.5200007/02/23MN 231,961.60
DEPUTY DIR DEV SERV ECON DEV. A
Start Date Hourly AnnualMonthlyStep
16,683.3396.2500007/02/23MX 200,200.00
12,822.4173.9754607/02/23MN 153,868.95

DEPUTY DIR DEV SERVICES
Start Date Hourly AnnualMonthlyStep
16,683.3396.2500007/02/23MX 200,200.00
12,822.4173.9754607/02/23MN 153,868.95

DEPUTY DIRECTOR A
Start Date Hourly AnnualMonthlyStep
16,683.3396.2500007/02/23MX 200,200.00
12,822.4173.9754607/02/23MN 153,868.95

DEPUTY FIRE CHIEF A
Start Date Hourly AnnualMonthlyStep
21,360.01123.2308307/02/23MX 256,320.12
16,735.3396.5500007/02/23MN 200,824.00

DEPUTY FIRE MARSHAL A
Start Date Hourly AnnualMonthlyStep
9,287.7253.5830207/02/23A 111,452.68
378
Full\Dept HeadsReport Run Date: 03/13/2024
9,752.1056.2621707/02/23B 117,025.31
10,239.7159.0752807/02/23C 122,876.58
10,751.7062.0290507/02/23D 129,020.42
11,289.2865.1305007/02/23E 135,471.44

DEPUTY LIBRARY DIRECTOR A
Start Date Hourly AnnualMonthlyStep
16,683.3396.2500007/02/23MX 200,200.00
12,822.4173.9754607/02/23MN 153,868.95

DEVELOPMENT SERVICES DIRECTOR A
Start Date Hourly AnnualMonthlyStep
23,496.01135.5539107/02/23MX 281,952.13
18,200.00105.0000007/02/23MN 218,400.00

DEVELOPMENT SERVICES TECH A
Start Date Hourly AnnualMonthlyStep
5,451.6631.4519207/02/23A 65,419.99
5,724.2433.0245107/02/23B 68,690.98
6,010.4634.6757407/02/23C 72,125.53
6,310.9836.4095207/02/23D 75,731.80
6,626.5338.2300007/02/23E 79,518.40

DIRECTOR OF BUILDING/SAFETY
Start Date Hourly AnnualMonthlyStep
23,496.01135.5539107/02/23MX 281,952.13
18,200.00105.0000007/02/23MN 218,400.00

DIRECTOR OF COMMUNITY SERVICES A
Start Date Hourly AnnualMonthlyStep
23,496.01135.5539107/02/23MX 281,952.13
18,200.00105.0000007/02/23MN 218,400.00

DIRECTOR OF FINANCE A
Start Date Hourly AnnualMonthlyStep
23,496.01135.5539107/02/23MX 281,952.13
18,200.00105.0000007/02/23MN 218,400.00

DIRECTOR OF LIBRARY SERVICES
Start Date Hourly AnnualMonthlyStep
23,496.01135.5539107/02/23MX 281,952.13
18,200.00105.0000007/02/23MN 218,400.00

DIRECTOR OF MUNICIPAL SERVICES A
Start Date Hourly AnnualMonthlyStep
23,496.01135.5539104/02/24MX 281,952.13
18,200.00105.0000004/02/24MN 218,400.00

DIRECTOR OF PW/CITY ENGINEER A
Start Date Hourly AnnualMonthlyStep
379
Full\Dept HeadsReport Run Date: 03/13/2024
23,496.01135.5539107/02/23MX 281,952.13
18,200.00105.0000007/02/23MN 218,400.00

DISASTER PREPAREDNESS COORDINA A
Start Date Hourly AnnualMonthlyStep
7,587.3043.7729307/02/23A 91,047.69
7,966.6745.9615707/02/23B 95,600.06
8,365.0048.2596507/02/23C 100,380.07
8,783.2550.6726307/02/23D 105,399.07
9,222.4153.2062607/02/23E 110,669.02

ECONOMIC DEVELOPMENT DIRECTOR A
Start Date Hourly AnnualMonthlyStep
23,496.01135.5539107/02/23MX 281,952.13
18,200.00105.0000007/02/23MN 218,400.00

EMERGENCY MED SRVS NURSE COORD A
Start Date Hourly AnnualMonthlyStep
9,914.4357.1986904/02/24A 118,973.27
10,410.1660.0586304/02/24B 124,921.95
10,930.6763.0615604/02/24C 131,168.04
11,477.2066.2146404/02/24D 137,726.45
12,051.0669.5253704/02/24E 144,612.76

EMERGENCY MEDICAL SRV COORD A
Start Date Hourly AnnualMonthlyStep
8,608.0749.6619907/02/23A 103,296.93
9,038.4852.1450907/02/23B 108,461.78
9,490.4054.7523507/02/23C 113,884.88
9,964.9257.4899607/02/23D 119,579.11
10,463.1760.3644607/02/23E 125,558.07

ENGINEERING MANAGER
Start Date Hourly AnnualMonthlyStep
12,723.9573.4074307/02/23MX 152,687.45
10,468.0260.3924707/02/23MN 125,616.33

EXECUTIVE ASSISTANT A
Start Date Hourly AnnualMonthlyStep
5,926.3334.1904007/02/23A 71,116.03
6,222.6535.8999207/02/23B 74,671.83
6,533.7837.6949107/02/23C 78,405.41
6,860.4739.5796607/02/23D 82,325.69
7,203.4941.5586407/02/23E 86,441.97

EXECUTIVE ASSISTANT AT-WILL A
Start Date Hourly AnnualMonthlyStep
6,074.4935.0451607/02/23A 72,893.93
6,378.2136.7974207/02/23B 76,538.63
380
Full\Dept Heads
Report Run Date:
03/13/2024
6,697.1338.63729
07/02/23
C
80,365.56
7,031.9840.56915
07/02/23
D
84,383.83
7,383.5842.59761
07/02/23
E
88,603.02

FINANCE MANAGER
A
Start Date
Hourly Annual
Monthly
Step
12,767.1073.65635
07/02/23
MX
153,205.20
10,503.5260.59726
07/02/23
MN
126,042.30

FINANCIAL ANALYST
A
Start Date
Hourly Annual
Monthly
Step
7,467.5043.08178
07/02/23
A
89,610.10
7,840.8845.23587
07/02/23
B
94,090.60
8,232.9247.49766
07/02/23
C
98,795.13
8,644.5749.87254
07/02/23
D
103,734.88
9,076.8052.36617
07/02/23
E
108,921.63
FIRE BATTALION CHIEF 40 HOUR
A
Start Date
Hourly Annual
Monthly
Step
13,108.4675.62578
07/02/23
A
157,301.62
13,763.8979.40706
07/02/23
B
165,166.68
14,452.0883.37742
07/02/23
C
173,425.03
15,174.6987.54629
07/02/23
D
182,096.28
15,933.4291.92360
07/02/23
E
191,201.08
FIRE BATTALION CHIEF 56
A
Start Date
Hourly Annual
Monthly
Step
13,108.9357.07810
07/02/23
A
157,307.24
13,764.3859.93200
07/02/23
B
165,172.59
14,452.6062.92860
07/02/23
C
173,431.22
15,175.2366.07503
07/02/23
D
182,102.78
15,933.9969.37878
07/02/23
E
191,207.91
FIRE CAPTAIN (56 HR)
A
Start Date
Hourly Annual
Monthly
Step
10,187.6044.35824
07/02/23
A
122,251.30
10,696.9946.57616
07/02/23
B
128,363.89
11,231.8348.90496
07/02/23
C
134,782.06
11,793.4351.35021
07/02/23
D
141,521.17
12,383.1053.91772
07/02/23
E
148,597.23
FIRE CAPTAIN 40 HOUR
A
Start Date
Hourly Annual
Monthly
Step
10,764.2662.10154
07/02/23
A
129,171.20
11,302.4865.20662
07/02/23
B
135,629.76
11,867.6068.46695
07/02/23
C
142,411.25
12,460.9871.89030
07/02/23
D
149,531.82
13,084.0375.48481
07/02/23
E
157,008.40
381
Full\Dept Heads
Report Run Date:
03/13/2024

FIRE CHIEF
A
Start Date
Hourly Annual
Monthly
Step
24,670.81142.33161
07/02/23
MX
296,049.74
19,330.13111.52000
07/02/23
MN
231,961.60

FIRE DIVISION CHIEF
A
Start Date
Hourly Annual
Monthly
Step
14,422.1283.20454
07/02/23
A
173,065.44
15,143.2287.36477
07/02/23
B
181,718.72
15,900.3891.73301
07/02/23
C
190,804.66
16,695.4096.31966
07/02/23
D
200,344.89
17,530.17101.13564
07/02/23
E
210,362.13
FIRE ENGINEER (56 HR)
A
Start Date
Hourly Annual
Monthly
Step
8,654.6437.68351
07/02/23
A
103,855.75
9,087.3739.56768
07/02/23
B
109,048.52
9,541.7441.54606
07/02/23
C
114,500.94
10,018.8343.62337
07/02/23
D
120,226.00
10,519.7745.80454
07/02/23
E
126,237.31
FIRE ENGINEER 40 HOUR
A
Start Date
Hourly Annual
Monthly
Step
9,144.5352.75691
07/02/23
A
109,734.37
9,601.7555.39475
07/02/23
B
115,221.08
10,081.8458.16449
07/02/23
C
120,982.13
10,585.9361.07271
07/02/23
D
127,031.23
11,115.2364.12635
07/02/23
E
133,382.80

FIRE EQUIPMENT MECHANIC
A
Start Date
Hourly Annual
Monthly
Step
5,555.3432.05005
07/02/23
A
66,664.10
5,833.1033.65255
07/02/23
B
69,997.30
6,124.7635.33518
07/02/23
C
73,497.17
6,431.0037.10194
07/02/23
D
77,172.03
6,752.5538.95704
07/02/23
E
81,030.64

FIRE INSPECTOR
A
Start Date
Hourly Annual
Monthly
Step
6,405.3036.95371
07/02/23
A
76,863.71
6,725.5738.80139
07/02/23
B
80,706.89
7,061.8540.74146
07/02/23
C
84,742.23
7,414.9442.77854
07/02/23
D
88,979.36
7,785.6944.91746
07/02/23
E
93,428.31

FIRE MARSHAL
A
Start Date
Hourly Annual
Monthly
Step
13,792.4679.57192
07/02/23
MX
165,509.59
382
Full\Dept HeadsReport Run Date: 03/13/2024
11,347.0965.4640207/02/23MN 136,165.16

FIRE PREVENTION BATTALIONCHIEF A
Start Date Hourly AnnualMonthlyStep
12,507.1672.1567007/02/23A 150,085.93
13,132.5275.7645407/02/23B 157,590.24
13,789.1479.5527607/02/23C 165,469.74
14,478.6083.5304007/02/23D 173,743.23
15,202.5387.7069207/02/23E 182,430.39

FIRE PROGRAM ASSISTANT
Start Date Hourly AnnualMonthlyStep
4,956.0628.5926607/02/23A 59,472.73
5,203.8630.0222907/02/23B 62,446.36
5,464.0531.5234007/02/23C 65,568.67
5,737.2533.0995707/02/23D 68,847.10
6,024.1234.7545507/02/23E 72,289.46

GEOGRAPHIC INFO SYSTEM ANALYST
Start Date Hourly AnnualMonthlyStep
7,009.7140.4406907/02/23A 84,116.63
7,360.2042.4627207/02/23B 88,322.45
7,728.2144.5858607/02/23C 92,738.58
8,114.6246.8151507/02/23D 97,375.51
8,520.3549.1559107/02/23E 102,244.29

GIS TECHNICIAN
Start Date Hourly AnnualMonthlyStep
5,451.6631.4519207/02/23A 65,419.99
5,724.2533.0245207/02/23B 68,691.00
6,010.4634.6757407/02/23C 72,125.53
6,310.9836.4095307/02/23D 75,731.82
6,626.5338.2300007/02/23E 79,518.40

HISTORIAN/ARCHIVIST
Start Date Hourly AnnualMonthlyStep
6,577.9437.9496707/02/23A 78,935.31
6,906.8439.8471607/02/23B 82,882.09
7,252.1841.8395207/02/23C 87,026.20
7,614.7943.9314907/02/23D 91,377.49
7,995.5346.1280707/02/23E 95,946.38

HR DIRECTOR
Start Date Hourly AnnualMonthlyStep
23,496.01135.5539107/02/23MX 281,952.13
18,200.00105.0000007/02/23MN 218,400.00

HUMAN RESOURCES ANALYST A
Start Date Hourly AnnualMonthlyStep
383
Full\Dept Heads
Report Run Date:
03/13/2024
7,467.5043.08178
07/02/23
A
89,610.10
7,840.8845.23587
07/02/23
B
94,090.60
8,232.9247.49766
07/02/23
C
98,795.13
8,644.5749.87254
07/02/23
D
103,734.88
9,076.8052.36617
07/02/23
E
108,921.63

HUMAN RESOURCES MANAGER
A
Start Date
Hourly Annual
Monthly
Step
13,524.9878.02874
07/02/23
MX
162,299.77
11,127.0364.19444
07/02/23
MN
133,524.43

HUMAN RESOURCES TECHNICIAN
A
Start Date
Hourly Annual
Monthly
Step
5,451.6631.45192
07/02/23
A
65,419.99
5,724.2533.02452
07/02/23
B
68,691.00
6,010.4634.67574
07/02/23
C
72,125.53
6,310.9836.40953
07/02/23
D
75,731.82
6,626.5338.23000
07/02/23
E
79,518.40

IT ANALYST
A
Start Date
Hourly Annual
Monthly
Step
7,009.7140.44069
07/02/23
A
84,116.63
7,360.2042.46272
07/02/23
B
88,322.45
7,728.2144.58586
07/02/23
C
92,738.58
8,114.6246.81515
07/02/23
D
97,375.51
8,520.3549.15591
07/02/23
E
102,244.29

IT COORDINATOR
Start Date
Hourly Annual
Monthly
Step
5,398.3931.14456
07/02/23
A
64,780.68
5,668.3132.70179
07/02/23
B
68,019.72
5,951.7234.33688
07/02/23
C
71,420.71
6,249.3136.05372
07/02/23
D
74,991.73
6,561.7737.85641
07/02/23
E
78,741.33

IT MANAGER
A
Start Date
Hourly Annual
Monthly
Step
12,767.1073.65635
07/02/23
MX
153,205.20
10,503.5260.59726
07/02/23
MN
126,042.30

IT PROGRAM ADMINISTRATOR
A
Start Date
Hourly Annual
Monthly
Step
7,595.1443.81814
07/02/23
A
91,141.73
7,974.9046.00904
07/02/23
B
95,698.80
8,373.6448.30950
07/02/23
C
100,483.76
8,792.3250.72497
07/02/23
D
105,507.93
9,231.9453.26122
07/02/23
E
110,783.33

IT SYSTEMS ADMINISTRATOR
A
384
Full\Dept HeadsReport Run Date: 03/13/2024
Start Date Hourly AnnualMonthlyStep
7,595.1443.8181407/02/23A 91,141.73
7,974.9046.0090407/02/23B 95,698.80
8,373.6448.3095007/02/23C 100,483.76
8,792.3250.7249707/02/23D 105,507.93
9,231.9453.2612207/02/23E 110,783.33

IT TECHNICIAN I A
Start Date Hourly AnnualMonthlyStep
5,451.6631.4519207/02/23A 65,419.99
5,724.2533.0245207/02/23B 68,691.00
6,010.4634.6757407/02/23C 72,125.53
6,310.9836.4095307/02/23D 75,731.82
6,626.5338.2300007/02/23E 79,518.40

IT TECHNICIAN II A
Start Date Hourly AnnualMonthlyStep
6,046.9134.8860707/02/23A 72,563.02
6,349.2636.6303707/02/23B 76,191.16
6,666.7238.4618907/02/23C 80,000.73
7,000.0640.3849807/02/23D 84,000.75
7,350.0642.4042307/02/23E 88,200.79

JR ENGINEER-CIVIL
Start Date Hourly AnnualMonthlyStep
5,624.0532.4464907/02/23A 67,488.69
5,905.2634.0688107/02/23B 70,863.12
6,200.5235.7722607/02/23C 74,406.30
6,510.5537.5608707/02/23D 78,126.60
6,836.0739.4389107/02/23E 82,032.93

JR PLANNER
Start Date Hourly AnnualMonthlyStep
5,398.3931.1445607/02/23A 64,780.68
5,668.3132.7017907/02/23B 68,019.72
5,951.7234.3368807/02/23C 71,420.71
6,249.3136.0537207/02/23D 74,991.73
6,561.7737.8564107/02/23E 78,741.33

LIBRARIAN I A
Start Date Hourly AnnualMonthlyStep
5,671.9132.7225707/02/23A 68,062.94
5,955.5034.3587007/02/23B 71,466.09
6,253.2836.0766307/02/23C 75,039.39
6,565.9437.8804607/02/23D 78,791.35
6,894.2439.7744907/02/23E 82,730.93

LIBRARIAN II A
Start Date Hourly AnnualMonthlyStep
385
Full\Dept HeadsReport Run Date: 03/13/2024
6,260.8236.1201307/02/23A 75,129.87
6,573.8637.9261407/02/23B 78,886.37
6,902.5539.8224407/02/23C 82,830.67
7,247.6841.8135707/02/23D 86,972.22
7,610.0643.9042407/02/23E 91,320.81

LIBRARY ASSISTANT I A
Start Date Hourly AnnualMonthlyStep
3,549.1020.4755807/02/23A 42,589.20
3,726.5521.4993607/02/23B 44,718.66
3,912.8822.5743307/02/23C 46,954.60
4,108.5223.7030507/02/23D 49,302.34
4,313.9524.8882007/02/23E 51,767.45

LIBRARY ASSISTANT II A
Start Date Hourly AnnualMonthlyStep
3,916.9222.5976207/02/23A 47,003.04
4,112.7623.7275107/02/23B 49,353.22
4,318.4024.9138807/02/23C 51,820.87
4,534.3226.1595807/02/23D 54,411.92
4,761.0427.4675507/02/23E 57,132.50

LIBRARY MANAGER A
Start Date Hourly AnnualMonthlyStep
12,475.1271.9718807/02/23MX 149,701.51
9,706.6756.0000407/02/23MN 116,480.08

LIBRARY SERVICES SUPERVISOR A
Start Date Hourly AnnualMonthlyStep
6,873.8739.6569904/02/24A 82,486.53
7,217.5741.6398404/02/24B 86,610.86
7,578.4543.7218404/02/24C 90,941.42
7,957.3745.9079304/02/24D 95,488.49
8,355.2448.2033204/02/24E 100,262.90

LIBRARY SPECIALIST A
Start Date Hourly AnnualMonthlyStep
4,114.1923.7357207/02/23A 49,370.29
4,319.9024.9225107/02/23B 51,838.82
4,535.8926.1686407/02/23C 54,430.77
4,762.6927.4770707/02/23D 57,152.30
5,000.8228.8509207/02/23E 60,009.91

MAINTENANCE MANAGER A
Start Date Hourly AnnualMonthlyStep
9,254.4553.3910807/02/23A 111,053.44
9,717.1756.0606407/02/23B 116,606.13
10,203.0358.8636707/02/23C 122,436.43
10,713.1861.8068507/02/23D 128,558.24
386
Full\Dept HeadsReport Run Date: 03/13/2024
11,248.8464.8972007/02/23E 134,986.17

MAINTENANCE SUPERVISOR A
Start Date Hourly AnnualMonthlyStep
6,980.1040.2698407/02/23A 83,761.26
7,329.1142.2833307/02/23B 87,949.32
7,695.5644.3975007/02/23C 92,346.80
8,080.3446.6173707/02/23D 96,964.12
8,484.3648.9482407/02/23E 101,812.33

MAINTENANCE WORKER I
Start Date Hourly AnnualMonthlyStep
4,014.3023.1594507/02/23A 48,171.65
4,215.0224.3174307/02/23B 50,580.25
4,425.7725.5333007/02/23C 53,109.26
4,647.0526.8099607/02/23D 55,764.71
4,879.4128.1504607/02/23E 58,552.95

MAINTENANCE WORKER II A
Start Date Hourly AnnualMonthlyStep
4,218.2124.3358707/02/23A 50,618.60
4,429.1225.5526707/02/23B 53,149.55
4,650.5826.8303007/02/23C 55,807.02
4,883.1128.1718207/02/23D 58,597.38
5,127.2729.5804107/02/23E 61,527.25

MANAGEMENT ANALYST AT-WILL A
Start Date Hourly AnnualMonthlyStep
7,467.5043.0817807/02/23A 89,610.10
7,840.8845.2358707/02/23B 94,090.60
8,232.9247.4976607/02/23C 98,795.13
8,644.5749.8725407/02/23D 103,734.88
9,076.8052.3661707/02/23E 108,921.63

OFFICE ASSISTANT I A
Start Date Hourly AnnualMonthlyStep
3,924.7522.6428107/02/23A 47,097.04
4,120.9923.7749507/02/23B 49,451.89
4,327.0424.9637007/02/23C 51,924.49
4,543.3926.2118807/02/23D 54,520.71
4,770.5627.5224807/02/23E 57,246.75

OFFICE ASSISTANT II A
Start Date Hourly AnnualMonthlyStep
4,317.2324.9071007/02/23A 51,806.76
4,533.0926.1524507/02/23B 54,397.09
4,759.7427.4600807/02/23C 57,116.96
4,997.7328.8330807/02/23D 59,972.80
5,247.6130.2747307/02/23E 62,971.43
387
Full\Dept Heads
Report Run Date:
03/13/2024
PARAMEDIC/FIREFIGHTER (56 HR)
A
Start Date
Hourly Annual
Monthly
Step
8,032.9634.97662
07/02/23
A
96,395.56
8,434.6136.72545
07/02/23
B
101,215.34
8,856.3438.56172
07/02/23
C
106,276.10
9,299.1540.48980
07/02/23
D
111,589.88
9,764.1142.51429
07/02/23
E
117,169.38
PARAMEDIC/FIREFIGHTER/ADMIN 40
A
Start Date
Hourly Annual
Monthly
Step
8,487.6548.96726
07/02/23
A
101,851.90
8,912.0451.41562
07/02/23
B
106,944.48
9,357.6453.98641
07/02/23
C
112,291.73
9,825.5256.68573
07/02/23
D
117,906.31
10,316.8059.52001
07/02/23
E
123,801.62

PARK RANGER
A
Start Date
Hourly Annual
Monthly
Step
5,013.1328.92193
07/02/23
A
60,157.61
5,263.7930.36803
07/02/23
B
63,165.50
5,526.9831.88643
07/02/23
C
66,323.77
5,803.3333.48075
07/02/23
D
69,639.96
6,093.4935.15479
07/02/23
E
73,121.96

PARKS & COMMUNITY SRVS MANAGER
Start Date
Hourly Annual
Monthly
Step
12,475.1271.97188
07/02/23
MX
149,701.51
9,706.6756.00004
07/02/23
MN
116,480.08

PARKS & LANDSCAPE INSPECTOR I
Start Date
Hourly Annual
Monthly
Step
5,349.3930.86187
07/02/23
A
64,192.68
5,616.8632.40497
07/02/23
B
67,402.33
5,897.7034.02522
07/02/23
C
70,772.45
6,192.5835.72648
07/02/23
D
74,311.07
6,502.2137.51280
07/02/23
E
78,026.62

PARKS & LANDSCAPE INSPECTOR II
Start Date
Hourly Annual
Monthly
Step
5,944.2134.29356
07/02/23
A
71,330.60
6,241.4236.00824
07/02/23
B
74,897.13
6,553.5037.80866
07/02/23
C
78,642.01
6,881.1739.69909
07/02/23
D
82,574.10
7,225.2341.68404
07/02/23
E
86,702.80

PARKS MAINTENANCE SUPERINTEN
A
Start Date
Hourly Annual
Monthly
Step
7,978.1746.02794
07/02/23
A
95,738.11
388
Full\Dept Heads
Report Run Date:
03/13/2024
8,377.0848.32934
07/02/23
B
100,525.02
8,795.9350.74580
07/02/23
C
105,551.26
9,235.7353.28309
07/02/23
D
110,828.82
9,697.5255.94725
07/02/23
E
116,370.28

PLAN REVIEW SUPERVISOR
A
Start Date
Hourly Annual
Monthly
Step
7,947.5145.85106
07/02/23
A
95,370.20
8,344.8948.14361
07/02/23
B
100,138.70
8,762.1350.55079
07/02/23
C
105,145.64
9,200.2453.07833
07/02/23
D
110,402.92
9,660.2555.73225
07/02/23
E
115,923.08

PLANS EXAMINER
A
Start Date
Hourly Annual
Monthly
Step
6,910.8839.87049
07/02/23
A
82,930.61
7,256.4241.86401
07/02/23
B
87,077.14
7,619.2443.95721
07/02/23
C
91,431.00
8,000.2146.15507
07/02/23
D
96,002.54
8,400.2248.46282
07/02/23
E
100,802.66

POLICE AGENT
A
Start Date
Hourly Annual
Monthly
Step
8,925.6551.49414
07/02/23
A
107,107.81
9,371.9354.06885
07/02/23
B
112,463.20
9,840.5356.77229
07/02/23
C
118,086.36
10,332.5559.61090
07/02/23
D
123,990.67
10,849.1862.59145
07/02/23
E
130,190.21

POLICE CAPTAIN
A
Start Date
Hourly Annual
Monthly
Step
17,058.9498.41697
07/02/23
A
204,707.29
17,911.88103.33782
07/02/23
B
214,942.66
18,807.48108.50471
07/02/23
C
225,689.79
19,747.85113.92995
07/02/23
D
236,974.29
20,735.24119.62644
07/02/23
E
248,823.00

POLICE CHIEF
A
Start Date
Hourly Annual
Monthly
Step
24,670.81142.33161
07/02/23
MX
296,049.74
19,330.13111.52000
07/02/23
MN
231,961.60

POLICE CORPORAL
A
Start Date
Hourly Annual
Monthly
Step
8,925.6551.49414
07/02/23
A
107,107.81
9,371.9354.06885
07/02/23
B
112,463.20
9,840.5356.77229
07/02/23
C
118,086.36
10,332.5559.61090
07/02/23
D
123,990.67
10,849.1862.59145
07/02/23
E
130,190.21
389
Full\Dept Heads
Report Run Date:
03/13/2024

POLICE DETECTIVE I
A
Start Date
Hourly Annual
Monthly
Step
8,925.6551.49414
07/02/23
A
107,107.81
9,371.9354.06885
07/02/23
B
112,463.20
9,840.5356.77229
07/02/23
C
118,086.36
10,332.5559.61090
07/02/23
D
123,990.67
10,849.1862.59145
07/02/23
E
130,190.21

POLICE DETECTIVE II
A
Start Date
Hourly Annual
Monthly
Step
9,371.9354.06885
07/02/23
A
112,463.20
9,840.5356.77229
07/02/23
B
118,086.36
10,332.4159.61010
07/02/23
C
123,989.00
10,849.1862.59145
07/02/23
D
130,190.21
11,391.6465.72102
07/02/23
E
136,699.72

POLICE DETECTIVE III
A
Start Date
Hourly Annual
Monthly
Step
9,840.5356.77229
12/20/23
A
118,086.36
10,332.5559.61090
12/20/23
B
123,990.67
10,849.1862.59145
12/20/23
C
130,190.21
11,391.6465.72102
12/20/23
D
136,699.72
11,961.2269.00707
12/20/23
E
143,534.70

POLICE LIEUTENANT
A
Start Date
Hourly Annual
Monthly
Step
13,366.1277.11227
07/02/23
A
160,393.52
14,034.4380.96789
07/02/23
B
168,413.21
14,736.1585.01628
07/02/23
C
176,833.86
15,472.9689.26709
07/02/23
D
185,675.54
16,246.6193.73045
07/02/23
E
194,959.33

POLICE OFFICER
A
Start Date
Hourly Annual
Monthly
Step
8,094.0646.69650
07/02/23
A
97,128.72
8,498.7649.03132
07/02/23
B
101,985.14
8,923.7051.48289
07/02/23
C
107,084.41
9,369.8854.05703
07/02/23
D
112,438.62
9,838.3756.75988
07/02/23
E
118,060.55

POLICE RECORDS SUPERVISOR
A
Start Date
Hourly Annual
Monthly
Step
5,839.4733.68928
07/02/23
A
70,073.70
6,131.4535.37375
07/02/23
B
73,577.40
6,438.0237.14243
07/02/23
C
77,256.25
6,759.9238.99955
07/02/23
D
81,119.06
7,097.9140.94953
07/02/23
E
85,175.02
390
Full\Dept Heads
Report Run Date:
03/13/2024

POLICE RECRUIT
A
Start Date
Hourly Annual
Monthly
Step
6,806.2239.26666
07/02/23
A
81,674.65
7,146.5341.22999
07/02/23
B
85,758.37
7,503.8543.29149
07/02/23
C
90,046.29
7,879.0545.45607
07/02/23
D
94,548.62
8,273.0047.72887
07/02/23
E
99,276.04

POLICE SERGEANT
A
Start Date
Hourly Annual
Monthly
Step
10,472.7060.41948
07/02/23
A
125,672.51
10,996.3463.44046
07/02/23
B
131,956.15
11,546.1666.61248
07/02/23
C
138,553.95
12,123.4769.94310
07/02/23
D
145,481.64
12,729.6473.44026
07/02/23
E
152,755.74

POLICE SERVICES TECHNICIAN I
A
Start Date
Hourly Annual
Monthly
Step
3,924.7522.64281
07/02/23
A
47,097.04
4,120.9923.77495
07/02/23
B
49,451.89
4,327.0424.96370
07/02/23
C
51,924.49
4,543.3926.21188
07/02/23
D
54,520.71
4,770.5627.52248
07/02/23
E
57,246.75

POLICE SERVICES TECHNICIAN II
A
Start Date
Hourly Annual
Monthly
Step
4,317.2324.90710
07/02/23
A
51,806.76
4,533.0926.15245
07/02/23
B
54,397.09
4,759.7427.46008
07/02/23
C
57,116.96
4,997.7328.83308
07/02/23
D
59,972.80
5,247.6130.27473
07/02/23
E
62,971.43

POLICE SUPPORT SVS SUPERVISOR
A
Start Date
Hourly Annual
Monthly
Step
6,310.7836.40839
07/02/23
A
75,729.45
6,626.3238.22881
07/02/23
B
79,515.92
6,957.6440.14025
07/02/23
C
83,491.72
7,305.5242.14726
07/02/23
D
87,666.30
7,670.8044.25462
07/02/23
E
92,049.60

PRINCIPAL CIVIL ENGINEER
A
Start Date
Hourly Annual
Monthly
Step
12,555.9072.43791
07/02/23
MX
150,670.85
10,329.7759.59485
07/02/23
MN
123,957.28

PRINCIPAL LIBRARIAN
Start Date
Hourly Annual
Monthly
Step
7,229.3341.70770
07/02/23
A
86,752.01
391
Full\Dept Heads
Report Run Date:
03/13/2024
7,590.8043.79308
07/02/23
B
91,089.60
7,970.3345.98273
07/02/23
C
95,644.07
8,368.8548.28187
07/02/23
D
100,426.28
8,787.2950.69596
07/02/23
E
105,447.59

PROPERTY/EVIDENCE TECHNICIAN
A
Start Date
Hourly Annual
Monthly
Step
4,130.1823.82798
07/02/23
A
49,562.19
4,336.6925.01937
07/02/23
B
52,040.28
4,553.5226.27034
07/02/23
C
54,642.30
4,781.2027.58386
07/02/23
D
57,374.42
5,020.2628.96305
07/02/23
E
60,243.14

PUBLIC INFORMATION OFFICER
A
Start Date
Hourly Annual
Monthly
Step
9,612.3855.45606
07/02/23
A
115,348.60
10,093.0058.22886
07/02/23
B
121,116.02
10,597.6561.14030
07/02/23
C
127,171.82
11,127.5364.19732
07/02/23
D
133,530.42
11,683.9167.40718
07/02/23
E
140,206.93

PUBLIC SAFETY COMMUNICATIO MGR
A
Start Date
Hourly Annual
Monthly
Step
12,767.1073.65635
07/02/23
MX
153,205.20
10,503.5260.59726
07/02/23
MN
126,042.30

PUBLIC SAFETY DISPATCH SUPVR
A
Start Date
Hourly Annual
Monthly
Step
7,179.7841.42185
07/02/23
A
86,157.44
7,538.7743.49295
07/02/23
B
90,465.33
7,915.7145.66759
07/02/23
C
94,988.58
8,311.5047.95097
07/02/23
D
99,738.01
8,727.0750.34852
07/02/23
E
104,724.92

PUBLIC SAFETY DISPATCHER I
A
Start Date
Hourly Annual
Monthly
Step
5,142.5729.66870
07/02/23
A
61,710.89
5,399.7031.15213
07/02/23
B
64,796.43
5,669.6832.70974
07/02/23
C
68,036.25
5,953.1734.34523
07/02/23
D
71,438.07
6,250.8336.06249
07/02/23
E
75,009.97

PUBLIC SAFETY DISPATCHER II
A
Start Date
Hourly Annual
Monthly
Step
5,656.8332.63559
07/02/23
A
67,882.02
5,939.6734.26737
07/02/23
B
71,276.12
6,236.6635.98074
07/02/23
C
74,839.93
6,548.4937.77977
07/02/23
D
78,581.92
6,875.9139.66876
07/02/23
E
82,511.02
392
Full\Dept Heads
Report Run Date:
03/13/2024

PUBLIC SAFETY RADIO SYST ADMIN
Start Date
Hourly Annual
Monthly
Step
6,310.7836.40839
07/02/23
A
75,729.45
6,626.3238.22881
07/02/23
B
79,515.92
6,957.6440.14025
07/02/23
C
83,491.72
7,305.5242.14726
07/02/23
D
87,666.30
7,670.8044.25462
07/02/23
E
92,049.60

PURCHASING & CONTRACTS COORD
A
Start Date
Hourly Annual
Monthly
Step
5,398.3931.14456
07/02/23
A
64,780.68
5,668.3132.70179
07/02/23
B
68,019.72
5,951.7234.33688
07/02/23
C
71,420.71
6,249.3136.05372
07/02/23
D
74,991.73
6,561.7737.85641
07/02/23
E
78,741.33

PURCHASING MANAGER
Start Date
Hourly Annual
Monthly
Step
10,688.8261.66629
07/02/23
MX
128,265.88
8,793.7250.73301
07/02/23
MN
105,524.66

PW EQUIPMENT OPER/SR MAIN WRKR
Start Date
Hourly Annual
Monthly
Step
4,654.5226.85305
07/02/23
A
55,854.34
4,887.2528.19570
07/02/23
B
58,647.05
5,131.6129.60548
07/02/23
C
61,579.39
5,388.1931.08576
07/02/23
D
64,658.38
5,657.6032.64005
07/02/23
E
67,891.30

PW INSPECTION SUPERINTENDENT
Start Date
Hourly Annual
Monthly
Step
7,978.1746.02794
07/02/23
A
95,738.11
8,377.0848.32934
07/02/23
B
100,525.02
8,795.9350.74580
07/02/23
C
105,551.26
9,235.7353.28309
07/02/23
D
110,828.82
9,697.5255.94725
07/02/23
E
116,370.28

PW INSPECTION SUPERVISOR
Start Date
Hourly Annual
Monthly
Step
6,711.6438.72100
07/02/23
A
80,539.68
7,047.2240.65705
07/02/23
B
84,566.66
7,399.5842.68990
07/02/23
C
88,794.99
7,769.5644.82440
07/02/23
D
93,234.75
8,158.0447.06562
07/02/23
E
97,896.48

PW INSPECTOR
A
Start Date
Hourly Annual
Monthly
Step
5,944.2134.29356
07/02/23
A
71,330.60
393
Full\Dept Heads
Report Run Date:
03/13/2024
6,241.4236.00824
07/02/23
B
74,897.13
6,553.5037.80866
07/02/23
C
78,642.01
6,881.1739.69909
07/02/23
D
82,574.10
7,225.2341.68404
07/02/23
E
86,702.80

RECORDS CLERK
A
Start Date
Hourly Annual
Monthly
Step
3,916.9222.59762
07/02/23
A
47,003.04
4,112.7623.72751
07/02/23
B
49,353.22
4,318.4024.91388
07/02/23
C
51,820.87
4,534.3226.15958
07/02/23
D
54,411.92
4,761.0427.46755
07/02/23
E
57,132.50

RECORDS MANAGER
A
Start Date
Hourly Annual
Monthly
Step
7,032.5140.57221
07/02/23
A
84,390.19
7,384.1442.60082
07/02/23
B
88,609.70
7,753.3444.73086
07/02/23
C
93,040.18
8,141.0146.96740
07/02/23
D
97,692.19
8,548.0649.31577
07/02/23
E
102,576.80

RECREATION COORDINATOR
Start Date
Hourly Annual
Monthly
Step
4,542.2426.20528
07/02/23
A
54,506.98
4,769.3627.51555
07/02/23
B
57,232.34
5,007.8228.89132
07/02/23
C
60,093.94
5,258.2230.33589
07/02/23
D
63,098.65
5,521.1331.85268
07/02/23
E
66,253.57

RECREATION SUPERVISOR
A
Start Date
Hourly Annual
Monthly
Step
6,424.5837.06490
07/02/23
A
77,094.99
6,745.8138.91814
07/02/23
B
80,949.73
7,083.1040.86405
07/02/23
C
84,997.22
7,437.2542.90725
07/02/23
D
89,247.08
7,809.1145.05261
07/02/23
E
93,709.42

RISK MANAGEMENT TECHNICIAN
A
Start Date
Hourly Annual
Monthly
Step
5,451.6631.45192
07/02/23
A
65,419.99
5,724.2533.02452
07/02/23
B
68,691.00
6,010.4634.67574
07/02/23
C
72,125.53
6,310.9836.40953
07/02/23
D
75,731.82
6,626.5338.23000
07/02/23
E
79,518.40

SENIOR CIVIL ENGINEER
A
Start Date
Hourly Annual
Monthly
Step
9,112.2552.57069
07/02/23
A
109,347.03
9,567.8655.19922
07/02/23
B
114,814.37
394
Full\Dept Heads
Report Run Date:
03/13/2024
10,046.2557.95919
07/02/23
C
120,555.11
10,548.5760.85715
07/02/23
D
126,582.87
11,076.0063.90000
07/02/23
E
132,912.00

SENIOR RECORDS COORDINATOR
A
Start Date
Hourly Annual
Monthly
Step
4,791.4127.64280
07/02/23
A
57,497.02
5,030.9829.02494
07/02/23
B
60,371.87
5,282.5330.47619
07/02/23
C
63,390.47
5,546.6632.00000
07/02/23
D
66,560.00
5,824.0033.60000
07/02/23
E
69,888.00

SR CODE ENFORCEMENT OFFICER
Start Date
Hourly Annual
Monthly
Step
5,812.7833.53527
07/02/23
A
69,753.36
6,103.4135.21203
07/02/23
B
73,241.02
6,408.5936.97264
07/02/23
C
76,903.09
6,729.0238.82127
07/02/23
D
80,748.24
7,065.4740.76233
07/02/23
E
84,785.64

SR CRIME ANALYST
A
Start Date
Hourly Annual
Monthly
Step
6,717.7938.75652
07/02/23
A
80,613.56
7,053.6840.69434
07/02/23
B
84,644.22
7,406.3742.72906
07/02/23
C
88,876.44
7,776.6844.86551
07/02/23
D
93,320.26
8,165.5247.10879
07/02/23
E
97,986.28

SR DEVELOPMENT SERVICES TECH
A
Start Date
Hourly Annual
Monthly
Step
6,039.0834.84086
07/02/23
A
72,468.98
6,341.0336.58291
07/02/23
B
76,092.45
6,658.0838.41205
07/02/23
C
79,897.06
6,990.9940.33265
07/02/23
D
83,891.91
7,340.5442.34929
07/02/23
E
88,086.52

SR EXECUTIVE ASSISTANT
A
Start Date
Hourly Annual
Monthly
Step
6,518.9737.60945
07/02/23
A
78,227.65
6,844.9139.48992
07/02/23
B
82,139.03
7,187.1641.46442
07/02/23
C
86,245.99
7,546.5243.53764
07/02/23
D
90,558.29
7,923.8545.71452
07/02/23
E
95,086.20

SR FINANCIAL ANALYST
A
Start Date
Hourly Annual
Monthly
Step
8,365.0048.25965
07/02/23
A
100,380.07
8,783.2550.67263
07/02/23
B
105,399.07
9,222.4153.20626
07/02/23
C
110,669.02
395
Full\Dept Heads
Report Run Date:
03/13/2024
9,683.5455.86658
07/02/23
D
116,202.48
10,167.7158.65991
07/02/23
E
122,012.61

SR HUMAN RESOURCES ANALYST
A
Start Date
Hourly Annual
Monthly
Step
8,365.0048.25965
07/02/23
A
100,380.07
8,783.2550.67263
07/02/23
B
105,399.07
9,222.4153.20626
07/02/23
C
110,669.02
9,683.5455.86658
07/02/23
D
116,202.48
10,167.7158.65991
07/02/23
E
122,012.61

SR MAINTENANCE WORKER
A
Start Date
Hourly Annual
Monthly
Step
4,818.8827.80124
07/02/23
A
57,826.57
5,059.8229.19131
07/02/23
B
60,717.92
5,312.8130.65087
07/02/23
C
63,753.80
5,578.4532.18341
07/02/23
D
66,941.49
5,857.3833.79258
07/02/23
E
70,288.56

SR MANAGEMENT ANALYST
A
Start Date
Hourly Annual
Monthly
Step
8,365.0048.25965
07/02/23
A
100,380.07
8,783.2550.67263
07/02/23
B
105,399.07
9,222.4153.20626
07/02/23
C
110,669.02
9,683.5455.86658
07/02/23
D
116,202.48
10,167.7158.65991
07/02/23
E
122,012.61

SR PLANNER
A
Start Date
Hourly Annual
Monthly
Step
8,063.9446.52274
07/02/23
A
96,767.29
8,467.1348.84888
07/02/23
B
101,605.67
8,890.4951.29132
07/02/23
C
106,685.94
9,335.0153.85588
07/02/23
D
112,020.23
9,801.7756.54868
07/02/23
E
117,621.25

SR PLANS EXAMINER
A
Start Date
Hourly Annual
Monthly
Step
7,601.9743.85754
07/02/23
A
91,223.68
7,982.0746.05041
07/02/23
B
95,784.85
8,381.1748.35293
07/02/23
C
100,574.09
8,800.2350.77058
07/02/23
D
105,602.80
9,240.2453.30911
07/02/23
E
110,882.94

SR PROGRAM MANAGER
A
Start Date
Hourly Annual
Monthly
Step
10,673.8561.57991
07/02/23
A
128,086.21
11,207.5464.65891
07/02/23
B
134,490.53
11,767.9267.89185
07/02/23
C
141,215.04
12,356.3171.28644
07/02/23
D
148,275.79
396
Full\Dept Heads
Report Run Date:
03/13/2024
12,974.1374.85077
07/02/23
E
155,689.60

SR PUBLIC WORKS INSPECTOR
A
Start Date
Hourly Annual
Monthly
Step
6,538.6337.72291
07/02/23
A
78,463.65
6,865.5739.60906
07/02/23
B
82,386.84
7,208.8441.58951
07/02/23
C
86,506.18
7,569.2943.66899
07/02/23
D
90,831.49
7,947.7545.85244
07/02/23
E
95,373.07

SR RECREATION COORDINATOR
A
Start Date
Hourly Annual
Monthly
Step
5,531.5731.91293
07/02/23
A
66,378.89
5,808.1533.50858
07/02/23
B
69,697.84
6,098.5635.18401
07/02/23
C
73,182.74
6,403.4836.94321
07/02/23
D
76,841.87
6,723.6638.79037
07/02/23
E
80,683.96

SUPERVISING LIBRARIAN
A
Start Date
Hourly Annual
Monthly
Step
6,873.8739.65699
07/02/23
A
82,486.53
7,217.5741.63984
07/02/23
B
86,610.86
7,578.4543.72184
07/02/23
C
90,941.42
7,957.3745.90793
07/02/23
D
95,488.49
8,355.2448.20332
07/02/23
E
100,262.90

TRAFFIC ENGINEER
Start Date
Hourly Annual
Monthly
Step
10,808.9762.35945
07/02/23
A
129,707.65
11,349.4165.47742
07/02/23
B
136,193.03
11,916.8968.75129
07/02/23
C
143,002.68
12,512.7372.18886
07/02/23
D
150,152.82
13,138.3775.79830
07/02/23
E
157,660.46

TRAFFIC SIGNAL TECHNICIAN
A
Start Date
Hourly Annual
Monthly
Step
6,910.8839.87049
07/02/23
A
82,930.61
7,256.4241.86401
07/02/23
B
87,077.14
7,619.2443.95721
07/02/23
C
91,431.00
8,000.2146.15507
07/02/23
D
96,002.54
8,400.2248.46282
07/02/23
E
100,802.66
397
Part Time
Report Run Date:
03/13/2024

PT ACCOUNTING SPECIALIST
Start Date
Hourly Annual
Monthly
Step
2,291.4326.43967
07/02/23
A
27,497.25
2,406.0027.76165
07/02/23
B
28,872.11
2,526.3029.14973
07/02/23
C
30,315.71
2,652.6230.60722
07/02/23
D
31,831.50
2,785.2532.13758
07/02/23
E
33,423.08

PT ACCOUNTING TECHNICIAN
Start Date
Hourly Annual
Monthly
Step
5,451.6631.45192
07/02/23
A
65,419.99
5,724.2433.02451
07/02/23
B
68,690.98
6,010.4634.67574
07/02/23
C
72,125.53
6,310.9836.40952
07/02/23
D
75,731.80
6,626.5338.23000
07/02/23
E
79,518.40

PT CASHIER
A
Start Date
Hourly Annual
Monthly
Step
3,245.6618.72499
07/02/23
A
38,947.97
3,407.9419.66124
07/02/23
B
40,895.37
3,578.3420.64430
07/02/23
C
42,940.14
3,757.2621.67651
07/02/23
D
45,087.14
3,945.1222.76034
07/02/23
E
47,341.50

PT CODE ENFORCEMENT OFFICER I
Start Date
Hourly Annual
Monthly
Step
5,555.3432.05005
07/02/23
A
66,664.10
5,833.1033.65255
07/02/23
B
69,997.30
6,124.7635.33518
07/02/23
C
73,497.17
6,431.0037.10194
07/02/23
D
77,172.03
6,752.5538.95704
07/02/23
E
81,030.64

PT FIRE INSPECTOR I (NONE)
A
Start Date
Hourly Annual
Monthly
Step
6,405.3036.95371
07/02/23
A
76,863.71
6,725.5738.80139
07/02/23
B
80,706.89
7,061.8540.74146
07/02/23
C
84,742.23
7,414.9442.77854
07/02/23
D
88,979.36
7,785.6944.91746
07/02/23
E
93,428.31

PT FIRE MECHANIC
A
Start Date
Hourly Annual
Monthly
Step
4,406.2225.42052
07/02/23
A
52,874.68
4,626.5326.69155
07/02/23
B
55,518.42
4,857.8628.02613
07/02/23
C
58,294.35
5,100.7529.42743
07/02/23
D
61,209.05
5,355.7930.89881
07/02/23
E
64,269.52

PT INTERN
A
398
Part Time
Report Run Date:
03/13/2024
Start Date
Hourly Annual
Monthly
Step
3,785.6021.84000
07/02/23
MX
45,427.20
2,839.2016.38000
07/02/23
MN
34,070.40

PT IT TECHNICIAN I
Start Date
Hourly Annual
Monthly
Step
5,451.6631.45192
07/02/23
A
65,419.99
5,724.2433.02451
07/02/23
B
68,690.98
6,010.4634.67574
07/02/23
C
72,125.53
6,310.9836.40952
07/02/23
D
75,731.80
6,626.5338.23000
07/02/23
E
79,518.40

PT LIBRARIAN I
Start Date
Hourly Annual
Monthly
Step
5,671.9132.72257
07/02/23
A
68,062.94
5,955.5034.35870
07/02/23
B
71,466.09
6,253.2836.07663
07/02/23
C
75,039.39
6,565.9437.88046
07/02/23
D
78,791.35
6,894.2439.77449
07/02/23
E
82,730.93

PT LIBRARY ASSISTANT I
A
Start Date
Hourly Annual
Monthly
Step
3,549.1020.47558
07/02/23
A
42,589.20
3,726.5521.49936
07/02/23
B
44,718.66
3,912.8822.57433
07/02/23
C
46,954.60
4,108.5223.70305
07/02/23
D
49,302.34
4,313.9524.88820
07/02/23
E
51,767.45

PT LIBRARY ASSISTANT II
A
Start Date
Hourly Annual
Monthly
Step
3,916.9222.59762
07/02/23
A
47,003.04
4,112.7623.72751
07/02/23
B
49,353.22
4,318.4024.91388
07/02/23
C
51,820.87
4,534.3226.15958
07/02/23
D
54,411.92
4,761.0427.46755
07/02/23
E
57,132.50

PT LIBRARY PAGE
A
Start Date
Hourly Annual
Monthly
Step
2,839.2016.38000
07/02/23
A
34,070.40
2,981.1617.19900
07/02/23
B
35,773.92
3,130.2118.05895
07/02/23
C
37,562.61
3,286.7218.96189
07/02/23
D
39,440.73
3,451.0619.90999
07/02/23
E
41,412.77

PT LIFEGUARD LEAD SEASONAL
Start Date
Hourly Annual
Monthly
Step
3,130.2118.05894
07/02/23
A
37,562.59
3,286.7218.96189
07/02/23
B
39,440.73
3,451.0619.90999
07/02/23
C
41,412.77
399
Part Time
Report Run Date:
03/13/2024
3,623.6120.90549
07/02/23
D
43,483.41
3,804.7921.95076
07/02/23
E
45,657.58

PT LIFEGUARD SEASONAL
A
Start Date
Hourly Annual
Monthly
Step
2,839.2016.38000
07/02/23
A
34,070.40
2,981.1617.19900
07/02/23
B
35,773.92
3,130.2118.05895
07/02/23
C
37,562.61
3,286.7218.96189
07/02/23
D
39,440.73
3,451.0619.90999
07/02/23
E
41,412.77

PT LIFEGUARD SENIOR SEASONAL
Start Date
Hourly Annual
Monthly
Step
3,443.2419.86485
07/02/23
A
41,318.88
3,615.4020.85809
07/02/23
B
43,384.82
3,796.1721.90099
07/02/23
C
45,554.05
3,985.9822.99604
07/02/23
D
47,831.76
4,185.2824.14585
07/02/23
E
50,223.36

PT LIFEGUARD/WSI SEASONAL
A
Start Date
Hourly Annual
Monthly
Step
2,981.1617.19900
07/02/23
A
35,773.92
3,130.2118.05895
07/02/23
B
37,562.61
3,286.7218.96189
07/02/23
C
39,440.73
3,451.0619.90999
07/02/23
D
41,412.77
3,623.6120.90549
07/02/23
E
43,483.41

PT LIVE SCAN TECHNICIAN
A
Start Date
Hourly Annual
Monthly
Step
2,958.8917.07055
07/02/23
A
35,506.74
3,106.8417.92408
07/02/23
B
37,282.08
3,262.1818.82028
07/02/23
C
39,146.18
3,425.2919.76130
07/02/23
D
41,103.50
3,596.5520.74936
07/02/23
E
43,158.66

PT MAINTENANCE WORKER I
A
Start Date
Hourly Annual
Monthly
Step
4,014.3023.15945
07/02/23
A
48,171.65
4,215.0224.31743
07/02/23
B
50,580.25
4,425.7725.53330
07/02/23
C
53,109.26
4,647.0526.80996
07/02/23
D
55,764.71
4,879.4128.15046
07/02/23
E
58,552.95

PT POLICE AIDE
A
Start Date
Hourly Annual
Monthly
Step
2,839.2016.38000
07/02/23
A
34,070.40
2,981.1617.19900
07/02/23
B
35,773.92
3,130.2118.05895
07/02/23
C
37,562.61
3,286.7218.96189
07/02/23
D
39,440.73
400
Part Time
Report Run Date:
03/13/2024
3,451.0619.90999
07/02/23
E
41,412.77

PT POLICE CADET
A
Start Date
Hourly Annual
Monthly
Step
2,839.2016.38000
07/02/23
A
34,070.40
2,981.1617.19900
07/02/23
B
35,773.92
3,130.2118.05895
07/02/23
C
37,562.61
3,286.7218.96189
07/02/23
D
39,440.73
3,451.0619.90999
07/02/23
E
41,412.77

PT POLICE SERVICES TECH II
A
Start Date
Hourly Annual
Monthly
Step
4,317.2324.90710
07/02/23
A
51,806.76
4,533.0926.15245
07/02/23
B
54,397.09
4,759.7427.46008
07/02/23
C
57,116.96
4,997.7328.83308
07/02/23
D
59,972.80
5,247.6130.27473
07/02/23
E
62,971.43

PT POLICE SRVCS TECH I
A
Start Date
Hourly Annual
Monthly
Step
3,924.7522.64281
07/02/23
A
47,097.04
4,120.9923.77495
07/02/23
B
49,451.89
4,327.0424.96370
07/02/23
C
51,924.49
4,543.3926.21188
07/02/23
D
54,520.71
4,770.5627.52248
07/02/23
E
57,246.75

PT PUBLIC SAFETY DISPATCHER II
A
Start Date
Hourly Annual
Monthly
Step
2,828.4132.63559
07/02/23
A
33,941.01
2,969.8334.26737
07/02/23
B
35,638.06
3,118.3335.98074
07/02/23
C
37,419.96
3,274.2437.77977
07/02/23
D
39,290.96
3,437.9539.66876
07/02/23
E
41,255.51

PT RECORDS CLERK
Start Date
Hourly Annual
Monthly
Step
3,916.9222.59762
07/02/23
A
47,003.04
4,112.7623.72751
07/02/23
B
49,353.22
4,318.4024.91388
07/02/23
C
51,820.87
4,534.3226.15958
07/02/23
D
54,411.92
4,761.0427.46755
07/02/23
E
57,132.50

PT RECREATION LEADER
A
Start Date
Hourly Annual
Monthly
Step
2,839.2016.38000
07/02/23
A
34,070.40
2,981.1617.19900
07/02/23
B
35,773.92
3,130.2118.05895
07/02/23
C
37,562.61
3,286.7218.96189
07/02/23
D
39,440.73
3,451.0619.90999
07/02/23
E
41,412.77
401
Part Time
Report Run Date:
03/13/2024

PT RECREATION SPECIALIST
A
Start Date
Hourly Annual
Monthly
Step
2,839.2016.38000
07/02/23
A
34,070.40
2,981.1617.19900
07/02/23
B
35,773.92
3,130.2118.05895
07/02/23
C
37,562.61
3,286.7218.96189
07/02/23
D
39,440.73
3,451.0619.90999
07/02/23
E
41,412.77

PT SENIOR PLANNER
A
Start Date
Hourly Annual
Monthly
Step
8,063.9446.52274
07/02/23
A
96,767.29
8,467.1348.84888
07/02/23
B
101,605.67
8,890.4951.29132
07/02/23
C
106,685.94
9,335.0153.85588
07/02/23
D
112,020.23
9,801.7756.54868
07/02/23
E
117,621.25

PT SENIOR RECREATION LEADER
A
Start Date
Hourly Annual
Monthly
Step
3,287.7918.96804
07/02/23
A
39,453.52
3,452.1819.91644
07/02/23
B
41,426.19
3,624.7920.91226
07/02/23
C
43,497.50
3,806.0321.95787
07/02/23
D
45,672.36
3,996.3323.05577
07/02/23
E
47,956.00

PT TEMPORARY OFFICE SPECIALIST
A
Start Date
Hourly Annual
Monthly
Step
3,785.6021.84000
07/02/23
MX
45,427.20
2,839.2016.38000
07/02/23
MN
34,070.40
402

AMENDING SALARY SCHEDULE
FY 2023/24
Received After Agenda Printed
04/02/2024 - Regular Meeting
Item 14 - Staff Presentation
403
2 Recent Updates
June 20, 2023 - Fiscal Year 2023/24 Salary
Schedule adopted
August 1, 2023 – Salary Schedule amended
December 19, 2023 – Salary Schedule amended

BACKGROUND
Comprehensive Salary Schedule
• Lists pay range for all classifications
• Adopted each Fiscal Year
• City Manager recommends adjustments
• Satisfies State and Public Employees’
Retirement Law Requirements
• Publicly available and transparent
404
3 Reclassifications
Emergency Medical Services Coordinator
Emergency Medical Services Nurse Coordinator
Circulation Supervisor
Library Services Supervisor
Code Enforcement Supervisor
Code Enforcement Manager
New Classification
Director of Municipal Services
(Park, Street, and Facility Maintenance;
Fleet, Landscape, and Solid Waste)

PROPOSED AMENDMENT
Consultant Assessment/Recommendation
• Written position questionnaires
• Interviews with employees, Human
Resources and management
• Survey of benchmark agencies and
internal organization
Implementation
• Subject to meet and confer with
applicable Associations
405

CITY OF MURRIETA
City Council Meeting Agenda
Report
4/2/2024
Agenda Item No. 15.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: David Chantarangsu, Director of Development Services PREPARED BY: Nolan Berentis, Code Enforcement Supervisor SUBJECT:

Conduct a Discussion and Adopt Resolution No. 24-4731 to Confirm the Statements of Costs and Approve Special Assessments to be Levied on the Property Tax Bill for Nuisance Abatements on Three Properties

RECOMMENDATION
Conduct a Discussion;
Adopt Resolution No. 24-4731 entitled: A Resolution of the City Council of the City of Murrieta, California Confirming Statements of Costs and Authorizing a Special Assessment on Properties for Recovery of Nuisance Abatement Costs on the following properties:

A. 25490 Blackthorne Drive
B. 29500 Via Princesa
C. 24189 Saradella Court; and
Establish a revenue budget of $21,305.87 in the Fiscal Year 2024/25 Operating Budget.

PRIOR ACTION/VOTE
None.

CITY COUNCIL GOAL
Coordinate and deliver responsive, effective community services.

BACKGROUND
California Government Code Section 38773.5 provides that a city can adopt an ordinance to authorize that city to recover the costs of a nuisance abatement performed by the city through a special assessment on the subject property. Murrieta Municipal Code Chapter 8.20 establishes the procedures to adopt such special assessments to be levied on the property tax bill. Hence, in each case where code enforcement action has resulted in an abatement performed by the City of Murrieta (City), the City is authorized to recover its costs in CITY OF MURRIETA Printed on 3/29/2024Page 1 of 3
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Agenda Item No. 15.
performing such an abatement after complying with the required notice and procedures.

For each of the properties set forth below, the City provided notice to the property owner of the existence of a nuisance on their property and provided an opportunity to appeal any such determination and correct the nuisance condition(s). When the property owners failed to abate the nuisance conditions within the required time period, the City obtained a warrant to remediate the nuisance conditions on the properties using the City’s own forces or a private contractor. Thereafter, a Statement of Costs was prepared to demonstrate the costs incurred for each abatement and all three Statements of Cost are now being submitted to the City Council at a public meeting to confirm, revise, correct, or modify the costs to be imposed against each party.

The adoption of the attached proposed Resolution No. 24-4731 confirms each Statement of Costs for the three properties set forth below. Upon adoption of this resolution, the costs shall be sent to the County to be recorded as liens on the applicable properties and a levy of special assessment against each property on the Fiscal Year 2024/25 property tax bills. A copy of the Statement of Costs (Exhibit A to Resolution No. 24-4731) and Notice of this public meeting was provided to each of the property owners and is attached hereto (Attachment 2).

The history (Attachments 3 & 4) associated with each abatement is as follows:
25490 Blackthorne Drive: This property has been vacant since 2018. Code Enforcement received numerous complaints from adjacent property owners for the landscape conditions in the front and rear yards. Staff issued numerous notices of violation and administrative citations for the violations. Staff also performed a public nuisance hearing, giving the owner an opportunity to come forward and provide information on how they were going to resolve the conditions. The owner did not appear for the nuisance hearing, and the property was declared a public nuisance. Code Enforcement obtained an abatement warrant from the court and executed the warrant on January 5, 2022. The overgrown vegetation, dead vegetation, and other landscape violations were cut, removed, and discarded. The total amount of recovery set forth on the Statement of Costs for 25490 Blackthorn Drive is $4,000.
29500 Via Princesa: The property owner was not maintaining the landscaping on the property, including the adjacent storm drain channel located on the property. The storm drain created an attractive nuisance condition for homeless encampments and required Police and City staff to inspect the area multiple times each week.

Code Enforcement staff issued two notices of violation and had six or more conversations with the property owner and their attorney to discuss their plans to correct the conditions. Staff was informed the owner did not have the financial resources to correct the conditions. Code Enforcement worked with the City Attorney’soffice to obtain an abatement warrant. Once obtained, staff executed the abatement warrant between the dates of November 20-24, 2023. All weeds, dead vegetation, and overgrown vegetation on the property were cut, removed, and discarded by the contractor. The total amount of recovery set forth on the Statement of Costs for 29500 Via Princesa is $16,411.50.
24189 Saradella Court: The property was reported to Code Enforcement for an unsafe pool enclosure. Code Enforcement issued two violation notices to the owner to correct the violations. Staff also issued four administrative citations. The conditions were not abated by the property owner and the pool remained unsecured and accessible to the public. Staff identified a contractor and requested an emergency abatement to secure the pool. On January 3, 2024, the contractor performed the repairs to secure the fence to make the pool no longer accessible. The total amount of recovery set forth on the Statement of Costs for 24189 Saradella Court is $894.37.

FISCAL IMPACT
The special assessments will be submitted to the County to be levied on the Fiscal Year 2024/25 property tax CITY OF MURRIETA Printed on 3/29/2024Page 2 of 3
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Agenda Item No. 15.

The special assessments will be submitted to the County to be levied on the Fiscal Year 2024/25 property tax bills. The total fiscal impact to the City of Murrieta is the recovery of a total of $21,305.87. Staff requests that the City Council appropriate a revenue budget in this amount within the Fiscal Year 2024/25 Operating Budget in General Ledger Account 1104140-40056.

ATTACHMENTS

1. Resolution No. 24-4731

2. Public Notice to Each Property Owner

3. Photos and Case History for All Three Locations

4. Additional Documentation for All Three Locations
CITY OF MURRIETA Printed on 3/29/2024Page 3 of 3
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01375.0001/807239.1

RESOLUTION 24-4731

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MURRIETA,

CALIFORNIA CONFIRMING STATEMENT S OF COSTS AND AUTHO RIZING A

SPECIAL ASSESSMENT O N PROPERTIES FOR REC OVERY OF NUISANCE

ABATEMENT COSTS

WHEREAS, California Government Code Section 38773.5 provides that a city can adopt an Ordinance to recover the costs of nuisance abatement performed by the city through a special assessment on the subject property; and

WHEREAS, Murrieta Municipal Code Chapter 8.20 establishes the procedures for the City of Murrieta (“City”) to adopt such special assessments; and

WHEREAS, in each case where code enforcement action has resulted in an abatement performed by the City, the City is authorized to recover its costs in performing such an abatement upon compliance with a required process and notice to the property owner(s); and WHEREAS, for each of the properties identified herein, the City has provided notice to the property owner of the existence of a nuisance on their property and provided an opportuni ty to appeal any such determination and correct the nuisance condition; and WHEREAS, for each property identified herein, the owner failed to abate a nuisance within the required time period and the City obtained a warrant to enter and remediate the nuisances on the property using its own forces or a private contractor; and WHEREAS, the City has conducted a public hearing and desires reimbursement of the costs it incurred to abate these nuisances and has provided notice to the property owners.

NOW, T HEREFORE, THE CITY COUNCIL OF THE CITY OF MURRIETA, CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. The recitals above are true and correct and incorporated herein by this reference.

Section 2. The City Council hereby approves the Statement of Costs, which delineate the actual costs incurred by the City to abatement each nuisance, attached hereto as Exhibit “A” for the following properties:

1. 25490 Blackthorne Dr.

2. 29500 Via Princesa

3. 24189 Saradella Ct.

409
Resolution No. 24-4731

Page 2 of 2 ends

Section 3. That the City Clerk shall attest to the adoption of this resolution, which shall, in turn, have immediate effect.

PASSED AND ADOPTED this 2nd day of April, 2024.

Lori Stone, Mayor

ATTEST:

Cristal McDonald, City Clerk

APPROVED AS TO FORM:

Tiffany J. Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 2 4-4731 was duly passed and adopted by the City Council of the City of Murrie ta at the regular meetin g thereof, held on the 2nd day of April, 2024, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Cristal McDonald, City Clerk
410

01375.0001/807239.1

Exhibit A

Date Address Costs Description
1/5/2022
25490 Blackthorn,
Murrieta, $ 4,000.00 Landscape abatement
11/27/2023
29500 Via Princesa,
Murrieta $ 9,705.00 Landscape abatement

29500 Via Princesa,
Murrieta $ 5,361.00 Aleshire and Wynder LLP Attorney fees

29500 Via Princesa,
Murrieta $ 1,345.50 Code Enforcement staff fees
1/3/2024 24189 Saradella, Murrieta $ 894.37 Fence abatement to secure pool

Total $ 21,305.87

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01375.0011/933520.1 -1-

PROPOSED ABATEMENT WARRANT

ALESHIRE & WYNDER, LLP
TIFFANY J. ISRAEL, State Bar No. 185723
[email protected]
ROBERT M. HENSLEY, State Bar No. 309101
[email protected]
1 Park Plaza, Suite 1000
Irvine, CA 92614
Telephone: (949) 223-1170
Facsimile: (949) 223-1180

Attorneys for Petitioner

THE CITY OF MURRIETA

SUPERIOR COURT OF THE STATE OF CALIFORNIA

COUNTY OF RIVERSIDE, SOUTHWEST JUSTICE CENTER

THE CITY OF MURRIETA,

Petitioner,

B NAI CHAIM OF MURRIETA

CONGREGATION,

Respondent.

Case No.

[PROPOSED] ABATEMENT WARRANT

[Filed Concurrently with Application for
Abatement Warrant, Points and Authorities
and Declaration of Nolan Berentis in Support
Thereof]

TO THE PEOPLE OF THE STATE OF CALIFORNIA, ANY POLICE OFFICER, SHERIFF’S DEPUTY, FIRE OFFICIAL, CODE ENFORCEMENT OFFICER, BUILDING

OFFICIAL, PUBLIC WORKS OFFICIAL, CONTRACTOR, CITY AUTHORIZED

INDIVIDUAL, LOCK SMITH, ANIMAL CONTROL OFFICER OR HEALTH OFFICER OF, OR ON BEHALF OF, THE CITY OF MURRIETA, STATE OF CALIFORNIA:

Proof having been made this day before me based upon the declarations and accompanying exhibits, points and authorities, and other materials submitted in connection with this Order, and it appearing therefrom that good cause exists for an Order to abate the Public Nuisance s at 29500 Via Princesa, Murrieta, California identified as Assessor’s Parcel No. 913-150-017 (the “Property”), the Court hereby grants the following order:
/ / /
[Exempt From Filing Fee
Government Code § 6103]
Electronically RECEIVED by Superior Court of California, County of Riverside on 11/14/2023 12:26 PM - Jason B. Galkin, Executive Officer/Clerk of the Court By Joanne Bishop, Clerk

RIVERSIDE HISTORIC COURTHOUSE
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01375.0011/933520.1 -2-

PROPOSED ABATEMENT WARRANT

The City o f Murrieta and its officers, agents, employees, contractors, or authorized representatives, including law enforcement officer, health department officer, and fire department officer having jurisdiction over the Property and working in conjunction with the City, are hereby ordered to enter on the Property between the hours of 8:00 a.m. and 6:00 p.m. and abate the public nuisances on the Property by taking any and all action necessary to:

1. Boarding up/securing the modulars on the Property;

2. Remove the overgrown and dead vegetation from the Property; and

3. Removing the trash and debris from the Property.

Reasonable force may be used to enter the Property, should any request for entry pursuant to this Order be refused, or to accomplish any part of this Order. Reasonable force includes the cutting of any locking devise preventing any exterior gate or door from opening, and the temporary removal or confinement of any domesticated or wild animal that may hinder the execution of this Order. This Order permits entry onto any area of the Property, except inside any structure as a residence.

This Warrant shall be effective fo r a period of not more than fourteen (14) days, unless extended or renewed. The requirement for twenty -four (24) hours’ notice prior to execution of this Warrant is waived.

The abatement activities authorized by this Order may be undertaken in the absence of the owner or occupant of the Property.

A return to this Court shall be made in accordance with the provisions of section 1822.55 of the Code of Civil Procedure.

Dated: October , 2023
_______________________________

JUDGE OF THE SUPERIOR COURT

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CITY OF MURRIETA
City Council Meeting Agenda
Report
4/2/2024
Agenda Item No. 16.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Jennifer Terry, Finance Manager
SUBJECT:

Presentation and Review of the City of Murrieta’s Fiscal Year 2022/23 Annual Comprehensive Financial Report and Single Audit Report

RECOMMENDATION
Receive and file the Fiscal Year 2022/23 Annual Comprehensive Financial and Single Audit Reports.

PRIOR ACTION/VOTE
On April 18, 2023, the City Council awarded an agreement to Rogers, Anderson, Malody, and Scott, LLP for independent audit services (Vote: 4-0-1).

On May 2, 2023, the Fiscal Year 2021/22 Comprehensive Annual Financial Report and Single Audit Report were received and filed with the City Council.

On December 5, 2023, the City Council received year-end pre-audit results as the City Council and Board of Directors, approving appropriations adjustments for carryover of unspent amounts from Fiscal Year 2022/23 to Fiscal Year 2023/24 (Vote: 5-0).

CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.

BACKGROUND
The City of Murrieta (City) has prepared its Comprehensive Annual Financial Report (Financial Statements) for the Fiscal Year ending June 30, 2023. The independent auditing firm of Rogers, Anderson, Malody, and Scott, LLP (RAMS) has issued an unmodified (clean) opinion on the City’sfinancial statements, indicating they are free from material misstatement and present fairly the financial position and results of operations of the various funds and account groups of the City. The Financial Statements were completed on February 29, 2024.

In addition to the annual independent audit of the City’sfinancial statements, the City is required to complete a CITY OF MURRIETA Printed on 3/29/2024Page 1 of 5
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Agenda Item No. 16.

Single Audit as a condition of spending federal assistance in excess of $750,000.

As a result of their annual independent audit of the City’sfinancial records and statements, the audit firm has rendered an unmodified (clean) opinion on the City’sfinancial statements. That is, RAMS believes the financial statements are fairly presented in accordance with generally accepted accounting principles. With this item, staff brings forward the City’saudited financial position for Fiscal Year 2022/23 in the form of the financial statements.

Financial Statements
The government-wide financial statements (Statement of Net Position and Statement of Activities) report information on all activities of the City and its component units. The statement of net position presents information on all of the City’s assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating.

The City’scombined net position as of June 30, 2023 is $559,084,667. The City’snet position increased by $29,334,162 or approximately 5.54% compared to the prior fiscal year. This increase occurs when spending is less than the revenues received. There were several reasons for the increase in net position, including improved property taxes, investment earnings, a slight increase in sales & use tax revenue, operating and capital grant revenues, development impact fees, and increased activity services.

Current assets increased by $32,360,909 or 12.1% compared to prior year balances. The increase is mostly attributable to the following items: an increase in cash and investments of $23,029,355, and an increase in receivables totaling $6,237,654.

The capital assets net of accumulated depreciation has decreased by $6,096,589. The decrease represents the difference between additions, deletions, and depreciation in the current year. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending.

Governmental activities' capital assets are discussed in more detail in the capital asset section of the financial statements and Notes to the Financial Statements (Note 6 - Capital Assets).

Changes in the various components associated with Governmental Accounting Standards Board (GASB) statement 68 Accounting and Financial Reporting for Pension, statement 75 Accounting and Financial Reporting for Postemployment Benefits Other than Pension (OPEB), and statement 87 Leases impacted deferred outflows and inflows, and changes in pension, OPEB and leases liabilities for the year. GASB 68 and GASB 75 pronouncements required the City to record the net pension and OPEB liabilities on the books. The deferred outflow of resources increased by $23,854,080, while the deferred inflows of resources decreased by $17,169,327.

Current liabilities increased by $6,060,429, or 16.8%. The increase is primarily attributable to the liability valuation of claims and judgments (Workers’Compensation) offset by a reduction in unearned revenue. The current liabilities categories include a reclassification of the long-term debt within one year of $8,946,381. In prior years, this obligation was previously reported as long-term debt for more than one year category. The reduction of unearned revenue is associated with revenue recognition for the State and Local Fiscal Recovery Fund of $16,463,101 from the American Rescue Plan Act, which was not spent by the end of last fiscal year.

Long-term liabilities such as outstanding debt, leases, employee benefit accruals, claims and judgments, OPEB, and net pension liability increased by $40,839,517, an increase of approximately 22.3% from the prior year. The most significant addition is attributable to the increase in actuarial valuation for OPEB liability of $5,689,198 and net pension liability of $37,703,167. All other outstanding debt and other liabilities decreased by $2,552,848 combined as a result of debt within one year now being reported separately from long-term CITY OF MURRIETA Printed on 3/29/2024Page 2 of 5
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Agenda Item No. 16.
debt.

Approximately 78.0% of the City's net position is net investment in capital assets (i.e., land, construction in progress, buildings, land & building improvements, parkland improvement, vehicles, equipment, and infrastructure), less any related outstanding debt used to acquire those assets. The City uses these capital assets to provide services to citizens; therefore, these assets are not available for future spending.

The restricted net position represents resources subject to external restrictions and earmarked for a specific purpose. The unrestricted net position represents the resources that may be used to meet the government's ongoing obligations to creditors and services to residents. The negative unrestricted net position is primarily due to the inclusion of the pension and OPEB net liability.

Governmental Funds
For Financial Statement presentation purposes, the City maintains twenty-four (24) individual governmental funds. As of June 30, 2023, the City’s governmental funds reported combined ending fund balances of $249,792,261, a decrease of $37,733,076 or approximately 12.6% when compared to last year's balance of governmental funds. The most significant change in fund balance is in the General Fund column, totaling $21,908,251.

The remaining net changes in fund balances include the governmental funds, which include an increase of $12,424,950 for the Capital Project Development Impact Fee fund, $956,044 for the Federal Grants fund, and $2,653,773 for the Non-Major Governmental Funds. The Fire District fund had a decrease in fund balance of $256,817.

General Fund
For the financial statement presentation, the General Fund column includes the following funds: General Fund, Measure T Fund, General Capital Fund, Traffic Safety Fund, Crime Prevention Fund, and Vehicle Replacement Fund. At the end of the fiscal year, the General Fund had revenues over expenditures, including other financing sources (uses) of $21,908,251, thereby increasing the General Fund balance at the end of June 30, 2023, to $127,167,181.

Compared to the prior year, General Fund revenues increased by $10,444,289 to $100,133,019, including transfers. The increase is primarily attributable to property taxes of approximately $1,307,455, and $803,840 in sales & use tax. Taxes-related revenue generally aligns with the economic condition. The slight increase in Sales & Use Tax and Transaction Sales & Use Tax revenue were moderate, with an increase of 1.4% when compared to FY 2021/22. General consumer and restaurant/hotels spending improved while Autos & Transportation, fuel and service stations, and building & construction declined.

The intergovernmental revenue category increased by $3,432,472 combined for various intergovernmental service agreements as a result of revenue recognition during the current fiscal year. The use of Money and Property revenue category increased by $4,565,634. The increase in Use of Money & Property is primarily due to an increase in investment income associated with the City’sinvestment portfolio and short-term investment through the City’ssweep account. The investment income increase is approximately $1,472,918. The other component is associated with the accounting required by GASB 31 to recognize unrealized gain or loss of securities that weren’tsold or matured at year-end. The recognition of unrealized gain or loss of securities accounts for approximately $3,092,716. During the fiscal year, the value of fixed income securities, like the ones in the City’sportfolio, have an inverse relationship to the movement of interest rates. The value of a bond will increase as interest rates decrease. Conversely, the value of bonds decreases when interest rates rise.

Lastly, the “charges for services” revenue category increased by $1,554,897, while the remaining revenue categories declined by approximately $1,012,239.

General Fund expenditures increased by $10,610,953 to $78,224,768 after transfers out and other financing CITY OF MURRIETA Printed on 3/29/2024Page 3 of 5
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Agenda Item No. 16.

General Fund expenditures increased by $10,610,953 to $78,224,768 after transfers out and other financing uses. The increase in expenditures is mainly attributable to Public Safety operations and services, which increased by $3,827,291. Personnel-related expenditures increased by $2,774,673 due to new authorized positions and salary & benefit increases. The Public Safety operating costs increased by $1,058,618.

The General Government Category increased by $2,733,571. The increase in General Government expenditures is associated with personnel-related expenditures of $1,241,610 and increases in operating costs of $1,491,961 for legal and contract services, landscape maintenance, and animal control services.

Public Works and Community Development increased by $1,522,955 and $1,500,866, respectively. All other expenditure categories increased by $1,026,270.

Capital Assets
At the end of FY 2022/23, the City had capital assets (net of accumulated depreciation) of $447,446,827, including land, construction in progress (CIP), buildings and improvements, improvements to land, parkland improvements, equipment (including vehicles), infrastructure, leased assets, and right-to-use subscriptions.

Current year additions to all asset categories totaled $11,809,568, while deletions totaled $515,134. The accumulated depreciation increased by $17,391,023 net of deletions. Capital assets with the most significant increase was in Construction in Progress with $2,525,454. The capital asset category with the most significant decreases net of depreciation was infrastructure, with $6,941,803, followed by parkland improvements with $1,661,755. The remaining categories had an overall decrease of $484,400. The decreases were primarily due to current-year depreciation.

Long-Term Debt
At the end of the fiscal year, the City had bonded debt and leases outstanding, along with liability for claims and judgments, an obligation for employee post-employment benefits, compensated absences payable, and Net Pension liabilities totaling $193,256,129. The total outstanding debt increased by approximately 27.94% or $42,206,734 during FY 2022/23. The most significant increase is the change in Net Pension Liability, Claims and Judgments, and OPEB.

Pension (CalPERS) liability increased by $37,703,167 due to the reduction in the discount rate from 7% to

6.8%, coupled with lower-than-anticipated earnings for FY 2022/23. The adjusted discount rate was announced in November 2021 and was implemented with the Fiscal Year ending 2020/21 actuarial valuation reports that were available in the summer of 2022. Earnings for Fiscal Year 2022/23 came in lower, at 5.8%, one full percent lower than the newly adjusted discount rate.

The increase in OPEB liability of approximately $5,689,198 is attributed to less than favorable asset performance compared to expected. Claims and Judgments related to the City’sgeneral liability and Workers’ Compensation increased approximately by $3,314,645 primarily due to an increase in the actuarial valuation of future liability. Compensated absences had an increase of $843,210 due to an increase in the number of employees and increases in the salary and compensation schedules. The remaining outstanding debt items had an overall decrease of $5,343,486.

Audit Findings
The Fiscal Year 2022/23 Financial Statement Audit and Single Audit Report have no findings.

Award
For Fiscal Year 2021/22, the City’sFinancial Statements have been awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA). This prestigious national award recognizes the City’s use of the highest standards in preparing our annual financial report. This certificate of achievement is valid for a period of one year only. Staff believes the Financial Statements for fiscal year 2022/23 continue to meet the program’srequirements. Staff CITY OF MURRIETA Printed on 3/29/2024Page 4 of 5
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4/2/2024
Agenda Item No. 16.
has submitted the financial statements to GFOA for award consideration for fiscal year 2022/23 as well.

FISCAL IMPACT
No fiscal impact is associated with accepting and filing this item.

ATTACHMENTS

1. Annual Comprehensive Financial Report for Fiscal Year ending June 30, 2023

2. Single Audit Report for Year Ending June 30, 2023
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CITY OF MURRIETA, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED
JUNE 30, 2023

CITY COUNCIL
Lisa DeForest, Mayor
Lori Stone, Mayor Pro-Tem
Cindy Warren, Councilmember
Jon Levell, Councilmember
Ron Holliday, Councilmember

CITY MANAGER
Kim Summers
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For the Year Ended June 30, 2023
Table of Contents
Introductory Section:

Letter of Transmittal ............................................................................................................... i List of Principal Officers ..................................................................................................... . xv Organizational Chart ........................................................................................................... xvi GFOA Certificate of Achievement for Excellence in Financial Reporting ............................. xi Financial Section:

Independent Auditor's Report ..................................................................................................... 1 Management's Discussion and Analysis ..................................................................................... 5 Financial Statements
Government-Wide Financial Statements
Statement of Net Position ................................................................................................ 22 Statement of Activities .................................................................................................... 23 Fund Financial Statements
Balance Sheet – Governmental Funds ........................................................................... 24 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ........................................................................................... 26 Statement of Revenues, Expenditures, and Changes in
Fund Balances – Governmental Funds ..................................................................... . 27 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ...................... 29 Statement of Fund Net Position – Proprietary Funds ...................................................... 30 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds ........................................................................................................ 31 Statement of Cash Flows – Proprietary Funds ................................................................ 32 Statement of Fiduciary Net Position ................................................................................ 33 Statement of Changes in Fiduciary Net Position ............................................................. 34 Notes to the Financial Statements ............................................................................................ 35 Required Supplementary Information:

Schedule of Proportionate Share of the Net Pension
Liability – Miscellaneous ............................................................................................. 87 Schedule of Contributions – Miscellaneous ....................................................................... 88 Schedule of Proportionate Share of the Net Pension
Liability – Safety ......................................................................................................... 89 Schedule of Contributions – Safety ................................................................................... 90 Schedule of Changes in the Net OPEB Liability and Related Ratios ................................ 91 Schedule of Contributions – OPEB ................................................................................... 92 Budgetary Comparison Schedule – General Fund ............................................................ 93 Budgetary Comparison Schedule – Fire District Special Revenue Fund .......................... 94 Budgetary Comparison Schedule – Federal Grants Special Revenue Fund ..................... 95 462
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For the Year Ended June 30, 2023
TABLE OF CONTENTS, (Continued)
Note to Required Supplementary Information ................................................................... 96 Supplementary Information:

Consolidating Schedule of Balance Sheet By Sub Fund –
General Fund ............................................................................................................. 97 Consolidating Schedule of Revenues, Expenditures, and Changes in Fund Balance by Sub Fund – General Fund .............................................................. 99 Nonmajor Governmental Funds:

Combining Balance Sheet –Nonmajor Governmental Funds .......................................... 101 Combining Statement of Revenues, Expenditures, and Changes in Fund Balance – Nonmajor Governmental Funds ..................................................... 106 Budgetary Comparison Schedule – Special Revenue Fund
State Gas Tax .......................................................................................................... 111 Budgetary Comparison Schedule – Special Revenue Fund
Measure A ................................................................................................................. 112 Budgetary Comparison Schedule – Special Revenue Fund
Air Quality Management District ............................................................................... 113 Budgetary Comparison Schedule – Special Revenue Fund
Block Grants ............................................................................................................. 114 Budgetary Comparison Schedule – Special Revenue Fund
Seized Assets Forfeitures ........................................................................................ 115 Budgetary Comparison Schedule – Special Revenue Fund
Supplemental Law Enforcement Services Fund (SLESF) ........................................ 116 Budgetary Comparison Schedule – Special Revenue Fund
Murrieta Public Library ............................................................................................. 117 Budgetary Comparison Schedule – Special Revenue Fund
National Pollutant Discharge Elimination System (NPDES) ..................................... 118 Budgetary Comparison Schedule – Special Revenue Fund
Reimbursement Agreement Fund ............................................................................ 119 Budgetary Comparison Schedule – Special Revenue Fund
TUMF ....................................................................................................................... 120 Budgetary Comparison Schedule – Special Revenue Fund
Housing Authority ..................................................................................................... 121 Budgetary Comparison Schedule – Special Revenue Fund
Community Services District .................................................................................... 122 Budgetary Comparison Schedule – Special Revenue Fund
Road Maintenance and Rehabilitation Account ....................................................... 123 Budgetary Comparison Schedule – Special Revenue Fund
Other Grants ............................................................................................................ 124 Budgetary Comparison Schedule – Special Revenue Fund
Developer Agreement .............................................................................................. 125 463
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Annual Comprehensive Financial Report
For the Year Ended June 30, 2023
TABLE OF CONTENTS, (Continued)
Budgetary Comparison Schedule – Capital Projects Fund - Community Facilities District .................................................................................... 126 Budgetary Comparison Schedule – Capital Projects Fund - Area Drainage .......................................................................................................... 127 Budgetary Comparison Schedule – Capital Projects Fund - South West Road and Bridge ................................................................................... 128 Budgetary Comparison Schedule – Debt Service Fund -
Citywide .................................................................................................................... 129 Internal Service Funds:

Combining Statement Fund of Net Position – Internal Service Funds ............................. 130 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position – Internal Service Funds ............................................................. 131 Combining Statement of Cash Flows – Internal Service Funds ...................................... 132 Statistical Section:

Statistics ......................................................................................................................... 133 Net Position By Component ............................................................................................ 135 Changes in Net Position .................................................................................................. 136 Fund Balances of Governmental Funds .......................................................................... 138 Changes in Fund Balances of Governmental Funds ....................................................... 139 Assessed Value and Estimated Actual Value of Taxable Property ................................. 140 Direct and Overlapping Property Tax Rates .................................................................... 141 Principal Property Tax Payers ......................................................................................... 142 Principal Tax Levies and Collections ............................................................................... 143 Ratios of Outstanding Debt by Type ................................................................................ 144 Ratios of General Bonded Debt Outstanding .................................................................. 145 Direct and Overlapping Governmental Activities Debt ..................................................... 146 Legal Debt Margin Information ........................................................................................ 147 Demographic and Economic Statistics ............................................................................ 148 Principal Employers ......................................................................................................... 149 Full-Time Equivalent City Government Employees By
Function/Program ..................................................................................................... 150 Operating Indicators by Function/Program ...................................................................... 151 Capital Asset Statistics by Function/Program .................................................................. 152 464

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INTRODUCTORY SECTION
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CITY OF MURRIETA
1 Town Square
Murrieta, CA 92562
February 29, 2024
Honorable Mayor and Members of the City Council:

The City of Murrieta (City) staff are pleased to present the Annual Comprehensive Financial Report (ACFR) for the fiscal year that ended June 30, 2023. The information found in this report is provided by the Murrieta City Manager and Finance Department to the City Council and the public to inform those interested in the City’s fiscal condition.

The City assumes full responsibility for the completeness and reliability of the information contained in this report and has established a framework of internal controls for this purpose.

Because the cost of any internal control should not outweigh its benefit, internal controls have been designed to provide reasonable, rather than an absolute, assurance that the financial statements will be free from material misstatement.

The independent auditing firm of Rogers, Anderson, Malody, and Scott, LLP has issued an unmodified (clean) opinion on the City’s financial statements, indicating they are free from material misstatement and present fairly the financial position and results of operations of the various funds and account groups of the City. All disclosures necessary to enable the reader to gain an understanding of the City’s financial activities have been included.

A section titled Management’s Discussion and Analysis (MD&A) immediately follows the independent auditor’s report and provides a narrative introduction, overview, and analysis of the basic financial statements. MD&A complements this letter of transmittal and should be read in conjunction with it.

PROFILE OF THE CITY OF MURRIETA
The City of Murrieta is located in Southwestern Riverside County and encompasses approximately 34 square miles. The City of Murrieta was incorporated on July 1, 1991, after voters approved cityhood by an overwhelming margin in November 1990. It is organized as a general law California city and operates under a council/manager form of government.

Murrieta has experienced significant growth since the mid- 1980s and has been one of the fastest-growing areas in
California. With a population of approximately 2,500 in 1980, Murrieta is now home to an estimated 109,998 residents. L
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The Murrieta Community Services District (C SD) was established on July 1, 1993, as a subsidiary of the City of Murrieta to assume functions previously provided by Riverside County Service Area 143. The CSD provides parks and recreation services to the city’s residents, as well as street lighting, street sweeping, and landscape maintenance services.

The Murrieta Fire District was formed in 1947 as an independent, self-governed special district that provides fire protection services. On July 1, 1993, the district was reorganized as a subsidiary district of the City. Although technically still named Murrieta Fire District, as of April 2017, the Fire District is now referred to as Murrieta Fire & Rescue.

The Murrieta Redevelopment Agency (RDA) was established in July 1992. An amended redevelopment plan was adopted in June 1999 in conformity with the City’s General Plan. The original RDA plan consisted of approximately 1,127 acres located in seven non-contiguous land areas throughout the City. The Plan was amended again in July 2006 to add another 1,193 acres. On December 29, 2011, the California Supreme Court upheld Assembly Bill X1 26, which directed the dissolution of all redevelopment agencies in the State of California. The RDA was dissolved and ceased to operate as a legal entity on February 1, 2012. This action has impacted the reporting entity of the City, which had previously reported the redevelopment agency as a blended component unit. Now the activity of the former RDA is being reported in a fiduciary fund named the Successor Agency to the former Murrieta Redevelopment Agency (Successor Agency) in the City’s financial statements through the remainder of the dissolution period. The dissolution period will extend until all recognized obligations of the former RDA are defeased (paid in full). The City elected to create the Murrieta Housing Authority to continue the housing activities of the former RDA. The activity of the Housing Authority is being reported as a special revenue fund.

The Murrieta Public Library officially opened in April 1999, moved to its current location in March 2007, and is under the full authority of the City of Murrieta. The Murrieta Public Library is dedicated to providing a vibrant environment with open access to exceptional services, collections, and programs while continuing to promote the joy of reading for an empowered and thriving community. The Library provides informational, recreational, and educational resources and programs for all ages. Currently, the Murrieta Library serves approximately 26,460 registered patrons and maintains 96,371 books, magazines, and other resources.

GOVERNANCE
The City is governed by the Murrieta City Council, consisting of five council members under the council-manager form of government. A mayor and mayor pro-tempore are selected as presiding officers by the City Council from amongst the five council members for one-year terms, following the provisions of Resolution No. 19-4178. The City of Murrieta has transitioned to a system where City Council members are elected by district instead of serving "at large."
The City Council appoints the city manager and city attorney. All other staff positions are appointed by the city manager. The City Council acts as the Board of Directors for the Murrieta Fire District, Community Services District, Library District, Housing Authority, Successor Agency to the former RDA, and Murrieta Financing Authority. 469
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MUNICIPAL SERVICES
The City of Murrieta provides a full range of municipal services to its residents and stakeholders:

Animal Control Services Library and Arts Services
Community Development Services Park Land Services
Economic Development Services Recreation Services
Fire and Emergency Medical Services Street Construction and Maintenance General City Administration Traffic Control Services
Law Enforcement Services

FISCAL AND OPERATING CHALLENGES
While the fiscal year started out with unprecedentedly high inflation rates nationwide at 8.5%, inflation rates dropped to 3% by the end of the fiscal year. Inflation became the No. 1 economic threat in the post-pandemic era. Inflation soared, partly under the false assumption of transitory price increases; the Federal Bank Reserve approved three interest rate hikes through the end of June 2023 to stabilize and bring inflation down to target rates. While higher interest rates allow for opportunities to reinvest at higher-yield investments, they negatively impacted consumer spending since financing costs to purchase a house, car, and other high- ticketed purchases now cost more.

Murrieta’s unemployment rate of 4.2% as of December 2023 was lower than the County and State's 5.2% and 5.1%, respectively. Comparing these rates to the height of the pandemic of

14.8%, the current unemployment rates are now more in line with pre-pandemic rates. The labor market continues to be challenging since many skilled workers left the labor market during the pandemic and haven’t rejoined the market, choosing to retire or find alternative means to create income. Akin to cities in our region, the City of Murrieta experienced vacancies across the organization resulting in operating interruptions to programs and projects. While the City of Murrieta has implemented creative efforts to hire and retain employees, a tight job market will be here for a while.

Bond Rating
In recent years, S&P Global Ratings have upgraded the City’s bond indebtedness for the 2020A Lease Revenue Refunding Bond, the Murrieta Successor Agency 2017 Tax Allocation Refunding Bonds, and the 2023 Local Agency Revenue Refunding Bonds. These credit rating upgrades demonstrate the strength of the underlying local economy and the City’s financial condition.

The table below summarizes the recent credit rating upgrades:

Type of Bonds/Debt Agency
Previous
Credit
Rating
Current
Credit
Rating
Lease Revenue Refunding Bonds City of Murrieta A+ AA-
Tax Allocation Refunding Bonds Murrieta Successor Agency A A+ CFD Special Tax Refunding Bonds Murrieta Public Financing Authority A A+ 470
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Grants
Grant funding is a way to stretch our local dollars to provide more for our residents. Staff actively pursues grant opportunities to offset capital expenses and expand programs provided to residents and employees. Below are just some of the grants the City was awarded during Fiscal Year 2022/23. There are many more previously awarded grants that were utilized this year.

Department/Program Grant Purpose Amount
All Staff State of California Employee Wellness $75,000 Homelessness Housing,
Homelessness
Incentive Program
Homeless Street Outreach $249,112
Fire Homeland Security
Grant
Equipment and training $11,747
Library CA State Library
Building Forward
Library Infrastructure
Grant
expansion project of the
Children’s area and the addition
of a new Storytime room
$1,505,625
Library Various Construct a pollinator
demonstration garden,
establish a seed library, make
state park passes available to
patrons, children's furniture for
the expansion project,
expansion of circulated
materials, STEM learning
opportunities, and
establishment of a Learning for
All activities.
$168,171
Public Works Recycling Grant from
Caltrans
To assist with the Asphalt
Overlay Project on Murrieta Hot
Springs Rd. and Hancock Ave.
$128,000
Police Department Office of Traffic Safety Funding for DUI Checkpoints $115,000 Achievements
As of the date of this report, the City is honored to have received the following awards and recognitions:
2023 Best City in the Region
Murrieta has been voted the best city in the San Gabriel Valley/Inland Empire region in the Los Angeles Times’ Best of the Southland 2023 Survey. Thanks to the dedication and hard work of individuals, businesses, and organizations that consistently contribute to making Murrieta the best place to live, work, and thrive, we are proud to receive this
recognition.
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2023 Top Workplaces
The City is honored to receive the Top Workplaces award by Inland Empire. This is a testament of the City Council and Management to always strive to move forward in the
right direction.
2024 Best City in the Inland Empire
The City is excited to share that Murrieta was voted as the 2024 Best City in the Inland Empire by readers of the Inland Empire Magazine. This is the first time Inland Empire Magazine has ranked the votes. The City of Murrieta continues to provide its residents and businesses with an environment where they can thrive and takes pride in its ability to be a great place for people to live, work, and play.

Fire Accreditation International Recognition
The Murrieta Fire & Rescue recently renewed its accredited agency status from the Commission on Fire Accreditation International (CFAI). This recognition is a result of Murrieta Fire & Rescue’s commitment to excellence demonstrated
through the voluntary self-assessment and accreditation program established by CFAI. Including Murrieta Fire & Rescue, there are only 22 accredited agencies in all of California and only 308 worldwide.

ECONOMIC CONDITION AND OUTLOOK
The City of Murrieta has a stable economic future, underscored by the continued growth in 2023. The City’s diverse and close-knit industry clusters have helped to create a healthy and sustainable economy that generates a reason for optimism for our future.

Located at the confluence of the I-15 and I-215 freeways with close proximity to San Diego, Los Angeles, and Orange Counties. This strategic location of the city within Southern California makes it an attractive destination for businesses and residents alike and well- positioned to capture a competitive share of regional economic growth.

Since incorporation in 1991, Murrieta’s population has grown substantially, and was one of the fastest-growing Cities in the State from 2000-2008. This can be attributed to its excellent climate, affordable homes, outstanding school system, low crime rate, and focus on outdoor living, with 53 City parks and countless recreation programs, all with the focus on creating a community people want to call home. This year, the City saw the return of unparalleled permit applications with a variety of new businesses, new housing, and major new medical developments under review.

The City has seen substantial housing growth in 2023, with 3,322 housing units pending approval, 5,119 units approved, and an additional 1,742 units under construction. This reflects a robust housing market in the city and brings in a new workforce to continue to fill our growing job market.
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The unemployment rate has remained low, with Murrieta consistently ranking below the County of Riverside and State of California rates. To help with workforce development and the creation of small businesses, the City developed the Murrieta Innovation Center (MIC) in 2014. It provides guidance to prospective business owners and start-up companies and is home to the first Genomics Research Lab in the region, along with ten biotech companies. In 2023, the City began the process of redesigning the MIC with the addition of a wet lab and creative office space. A grant from the US Department of Commerce partly funds this $3 million investment, and the County of Riverside contributed another $2.5M to the center. The businesses in the center have performed strongly, with all of them receiving venture capital, grants, or some form of seed funding. This year, the City of Murrieta accompanied the State of California on an international business recruiting event called Select USA; from this event, the City signed an agreement with NeuroReality, a startup from the Netherlands, as the second international company to join the Murrieta Innovation Center.

The City’s Economic Development team works closely with the Chamber of Commerce to host workshops, business events, and annual job fairs to attract new businesses and help Murrieta-based enterprises grow and expand in the City.

The City saw significant development interest last year. There have been many major new commercial openings, including:
x Howards Electronics
x United Nursing
x MilVet
x Tropical Twist
x Vitamin Drip Med Spa
x A second Aldi location
Many other successful companies are planning major future expansions, including Nikkiso Cryoquip, Carmax, Driveline, Walmart, and the next phase of the Makena Medical Center with a new Ambulatory Surgery Center. The Murrieta Auto Mall is seeing a resurgence with Bravo Auto Collection coming in to complement BMW, VW, and West Coast Exotic Automobiles. In addition, the final pads in the Auto Mall have been sold to an Auto Group that will bring in a new car dealership. Additional Retail is coming to the city in the Orchard Shopping Center, with the Home Depot scheduled to open in 2024, along with Ross and a fast-casual restaurant.

Murrieta Town Center is adding two new restaurants, and Trader Joe’s is coming in next to Sam’s Club on Murrieta Hot Springs Road.

A major event will happen in February 2024 when the Murrieta Hot Springs Resort opens its doors to the public. This 46-acre resort is run by Olympus Real Estate, which also operates the Pagosa Springs Resort in Pagosa, Colorado, which was recently named USA Today’s #1 Health and Wellness Resort. This will bring vital tourism and positive economic impacts to the region.

Medical growth continues to fuel the City’s economy, with the following developments in 2023:
x Fresenius opened a Kidney Care Center.
x Makena Medical Phase II.
x United Nursing has opened a new nursing school on the Makena Medical site. x Bravo Auto Collection
x Claire’s
x Trinity Health Academy
x Doughlicious
x Fresenius Dialysis
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Trinity Health Academy opened a nursing and allied health education center. These projects and the labs fostered by the Murrieta Innovation Center exemplify the City’s efforts to be the major healthcare and medical innovation hub for Southwest Riverside County.

There are many reasons why Murrieta is achieving growth at this pace, and public safety and exemplary school districts are at the top of the list. According to FBI statistics, the city has been consistently ranked as one of the top three safest cities in the nation for the last decade among cities with a population of over 100,000 with respect to violent crimes. This exceptional safety rating can be credited to our highly skilled police department and a strong relationship with members of the community who work with the department to prevent and stop crime.

Murrieta Fire & Rescue also has a strong bond with the community and is one of a small number of accredited fire departments in California. The addition of two new medic squads has reduced response times significantly within the city limits.

Overall, the City’s focus on the quality of life for families, public safety, and creating a beautiful environment continues to make Murrieta an attractive location for many families looking for an opportunity to raise their children in a strong, vibrant, highly educated, and safe community.

FINANCIAL INFORMATION
The City’s financial records for general governmental operations are maintained on a modified accrual basis. Revenues are recorded when available and measurable, and expenditures are recorded when the services or goods are received, and the liability is incurred.

City management is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the government are protected from loss, theft, or misuse and to ensure that adequate accounting data are compiled to allow the preparation of financial statements in conformity with generally accepted accounting principles (GAAP). The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that: (1) the cost of the control should not exceed the benefits likely to be derived, and (2) the valuation of costs and benefits requires estimates and judgments by management.

Reporting Entity
This Annual Comprehensive Financial Report (also referred to as ACFR) presents information on the financial position and operations of the City as a single comprehensive reporting entity.

The City, Murrieta Fire District, Murrieta Community Services District, Murrieta Public Library, and the Murrieta Financing Authority have been included in this report per criteria established by the Governmental Accounting Standards Board (GASB). The reporting entity consists of all of the funds and account groups of the primary government (the City of Murrieta) and its component units that are legally separate organizations. Blended component units, which are legally separate from the City, but are so intertwined with the City that they are in substance the same as the City, include the Murrieta Fire District, Murrieta Community Services District, and the Murrieta Public Library.
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Long-term Financial Planning
Multi-year financial planning, including the adoption of a two-year budget and a five-year capital improvement plan (CIP), provides the City Council, departments, and the public with a greater plan regarding ongoing funding and staffing for programs, projects and services. The City manages a long-term financial plan. The long-term financial plan projects revenues and expenditures over a long-term period, using assumptions about economic conditions, future spending scenarios, and other salient variables. The two-year budget, five-year CIP plan, and the long-term financial plan are processes designed to bring continued transparency to the City’s finances, operations, and strategic goals both internally with the City Council, City Manager, employees, departments, and externally with residents and businesses.

For fiscal years 2023/24 and 2024/25, the City Council adopted a balanced biennial operating budget of $172,605,264 and $180,706,542, respectively. As part of the City’s budget framework, the City Manager delivers quarterly reports and recommends budget updates to the City Council based on revised revenue and expenditure forecasts. The adopted budget provides a sound financial plan and supports the City Council’s commitment to foster quality of life for the residents of the City of Murrieta.

Measure T is a one-percent (1%) general-purpose transaction and use tax (or district sales tax), with revenues going directly to the City of Murrieta. Voters approved Measure T on November 6, 2018. The City began receiving Measure T revenues in April 2019. As previously stated, the City has experienced steady growth, but funding for public safety programs and other essential city services has not kept pace to match the increased demand for these vital services. Measure T provides a local revenue source for increased funding of essential services, including but not limited to public safety services such as neighborhood police patrols, crime prevention programs, improved response times for emergency calls, improved fire protection, and paramedic services; improved public infrastructure, and community facilities and services. In addition, Measure T provides future fiscal sustainability through funding reserves and establishing new sustainability funds. As of June 30, 2023, the district sales tax (Measure T) proceeds were approximately $28.5 million.

The City’s five-year CIP provides a financial plan to fund the City’s critical and essential infrastructure projects. Over the course of five years (FY 2023/24 through FY 2027/28), the City anticipates investing a total of $91,828,292 in essential assets. Funding for these projects is provided by a variety of funding sources, including the General Fund, Measure T Fund, Development Impact Fees, transportation, grants, and reimbursement agreements. The following table summarizes the various funding sources:
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The CIP reflects the needs of our residents to ensure the streets, bridges, traffic signals, storm drains, public buildings, and parks are well maintained and operated for optimum health and safety, increased efficiency and functionality, enhanced attractiveness, and beautification.

The following table summarizes the projected capital uses:

The CIP document places equal emphasis on planning for new projects as well as improving and preserving existing capital assets. The City’s CIP document includes a list of Capital Improvement Projects by funding source as well as a list of unfunded Capital Improvement Projects. This is an attempt to identify and quantify the City’s true CIP needs not only in the short term but also in the long term. Although the list is comprehensive and reflects a good assessment of the City’s needs, it is by no means a complete list, as additional assessments need to be done in the coming years to refine this list, create guidelines to prioritize projects, and prepare a strategic approach to fund and complete these unfunded projects.

An electronic copy of the City’s adopted two-year budget and the five-year CIP plan can be found on the City’s website.
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Budget Authority
The City Council approves a two-year operating budget and an annual five-year CIP, with public meetings/hearings conducted prior to the budget and CIP adoption. Supplemental appropriations, when required during the year, are also approved by the City Council.

Expenditures may not exceed appropriations at the fund level. The City Manager is authorized to approve operating transfers between departments within a fund without limit. All other budget adjustments (increase in appropriation or transferring budget between funds) require City Council approval. The City maintains budgetary controls to ensure compliance with legal provisions embodied in the annual appropriated budget.

MAJOR ACCOMPLISHMENTS AND INITIATIVES
The City accomplished various projects and programs that support City Council’s goals and objectives. These accomplishments were completed in addition to performing the day-to-day operating activities required of a city government. Included among the major initiatives this year are:
x The City remained in the top ten safest cities in the nation for violent crime in cities our size;
x Received Government Finance Officers Annual (GFOA) Operating Budget Award for the FY 2021/22 through FY 2022/23 Biennial Budget Report; x Received the California Society of Municipal Finance Officer Award for the FY 2022/23 through FY 2027/28 Capital Improvement Plan (CIP) budget; x Completed FY 2021/22 Annual Comprehensive Financial Report and Single Audit Report. This is the second consecutive year with no findings for both the financial statement audit and Single Audits;
x Completed five Agreed-Upon Procedures and annual three mandated State Controllers’ Reports;
x Renegotiated Deferred Compensation Plan Investment Fees with Public Agency Retirement Services (PARS) for part-time employees;
x Held Measure T Citizen’s Oversight Committee meetings, providing transparency regarding Measure T spending;
x Through the Public Information Office, 25 unique social media accounts expanded content, increased followers and viewers increasing engagement to over 235,000 followers;
x Launched the new Murrieta Magazine, which will be mailed to each household in conjunction with the Parks and Recreation guide to provide engaging editorial content; x Code Enforcement responded to over 1,600 requests for service and closed over 1,400 cases;
x Code Enforcement issued 222 administrative citations and processed 11 graffiti and 240 sign cases;
x Building & Safety Division issued 4,717 building permits and performed 19,836 inspections;
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x Executed full electronic plan check (EPC) submittal processes and digital requirements for new building projects. Plans are now accepted online 24/7; x Human Resources processed 6,550 employment applications; x Completed 72 recruitments, including associated postings, pre-employment screenings, and new hire onboarding processes;
x Collaborated with Finance to consolidate the City’s 457 / Deferred Compensation plans;
x Completed labor negotiations with four labor groups. Worked with the labor teams extensively to reach common understanding and agreement; x Risk Management coordinated 46 new Worker’s Compensation claims and closed 123 Worker’s Compensation claims;
x Risk Management processed 47 general liability claims and closed 23 general liability claims;
x Released the first-ever Murrieta Fire & Rescue Annual Report; x Murrieta Fire District processed 1,261 Fire plans, issued 228 annual permits, inspected 363 construction projects, performed 1,238 Business Inspections, conducted 363 AB-38 escrow defensible space inspections and completed 9,100 State Mandated Defensible Space Inspections through the Fire Prevention office; x Delivered 130 hours of public education and installed 250 smoke detectors; x Conducted two CERT classes with 58 total attendees and conducted a Fire Engineer and Captain’s academy.
x Murrieta Fire District responded to 11,616 calls for service; x Deployed to 10 Mutual Aid incidents throughout the state, including eight responses to major wildland fires and two responses to assist communities impacted by record snowfall events in the San Bernardino Mountains and Mammoth Lakes; x Murrieta Fire District submitted Annual Compliance Report (ACR) to the Center for Public Safety Excellence (CPSE) and awarded continued Accredited Agency status; x Library conducted the summer reading challenge with a total of 2,233 participants, and 5,340 total books read;
x Library conducted Earth Day Celebration and Plant Trade – Expanded annual event with twenty vendors and exhibitors, two educational presentations, plant trading with the Inland Empire Plant Traders, and Seed Library ribbon cutting with over 2,000 attendees;
x Library conducted the Expanded Touch-a-Truck event with 20+ working vehicles from organizations around Riverside County on display for children and their families with over 3,000 attendees;
x Library conducted the Science, Technology, Engineering, Art, and Math (STEAM) workshops – Provided several STEAM workshops, including 3D printing and Art Studio;
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x Homelessness services conducted the Annual Point in Time count, with Murrieta having one of the lowest per capita rates of homelessness in California; x Continued to work with staff on creative options to assist with the renovations for the Murrieta Hot Springs Resort, for a February 2024 grand opening; x Provided orientation for three new City Council Members; x Facilitated the new Mental Health sub-committee and worked to procure CareSolace to provide all citizens and businesses within the city access to mental health services; x Conducted a Council Candidate Orientation presentation by all departments; x Conducted a two-day Council Goal Setting Workshop;
x Secured over $1 million in Congressional appropriations for the Murrieta community and Western Riverside County region;
x Secured appropriations from Congress Member Issa’s and Senator Padilla for the City’s new Emergency Mobile Command Center;
x As the local election official, conducted the City’s General Municipal Election, administered public outreach, partnering with the County of Riverside, Registrar of Voters;
x Worked with the County of Riverside Registrar of Voters to coordinate ballot drop-off locations at City Hall, Fire Station No. 4, and the Murrieta Public Library which also served as in-person Voting Centers;
x Updated the Short-Term Vacation Rental fine structure to be current with state law providing greater deterrence of violations of the City’s STVR rules; x Completed Warm Springs Parkway construction;
x Completed I-215/Clinton Keith Road Interchange Landscape Project; x Received $3M in Measure A Regional Arterial funding allocated by the Western Riverside County Regional Arterials Call for Projects for Murrieta Hot Springs Road construction;
x Received $2.6M Earmark for I-215/Keller Road Interchange from U.S. Congress and started administration through Caltrans Local Assistance. x Completed 1,176 building maintenance requests and 12,552 miles of city street sweeping and replaced approximately 500 street name signs. x Completed 629 NPDES inspections, Issued 293 encroachment permits; 30 grading permits; 129 transportation permits; 74 annual transportation permits; and 12 haul permits.

A complete list of Citywide accomplishments can be found on the City’s website at City’s website.

The CIP plan addresses the City’s critical and essential infrastructure projects. During the fiscal year 2022/23, the City accomplished and completed the following CIP projects:

CIP 8094: Second Avenue/Pioneer Park $351,570
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The project was substantially completed in February 2023 and is currently in the closeout phase. Future plans include a further expansion of the park, and Phase 1 consisted of a tot lot and shade shelter.

CIP 8043 Pavement Resurfacing – Asphalt Overlay $3,571,651 An asphalt overlay is applied to existing high-volume traffic streets when the asphalt pavement surface deteriorates to the point of needing repair. The thickness of an asphalt overlay is about 2” and consists of a rubberized hot asphalt mix. The result of the overlay is a new road surface for drivers. The City maintains an ongoing pavement resurfacing program using Measure A, SB1 RMRA funds, and CalRecycle Grant Funds. The FY 2022/23 project covered the areas of Murrieta Hot Springs Road & Hancock Ave. The estimated total cost of the last project was approximately $3.6 million. The project was substantially completed in Fall 2022.

CIP 13028: Madison Ave Intersection $355,583
The project included lengthening the left turn pockets at the westbound and southbound approach to Murrieta Hot Springs Road and Madison Avenue intersection. The project was substantially completed in January 2023.

CIP 21021: Police Department Detective Bureau and Community Room Improvement $212,306
The project expanded the existing Detective Bureau area to accommodate the Gang Task Force and School Resource Officers. The project also restores the Community Room as originally designed for use by the community to help foster closer relationships with the residents. The project was substantially completed in June 2023.

CIP 10043: City Hall Improvements Project $753,033
This addresses the update and repairs to the aging City Hall and included flooring and cubicle adequate workstation needs. The project is approximately 85-90% complete and nearing final completion.

CIP 10037: Communications Tower $767,534
The City joined the Public Safety Enterprise Communications (PSEC) radio system in 2015 and discovered geographic areas of the community with “dead spots” or very weak signal strength, which created public safety communication issues in those areas. It was determined that a new PSEC simulcast tower on Hollingsworth Hill was the best solution to remedy the communication issues. The project was funded by General Fund Capital using Measure T funds. The project was in-service in Fall 2022 and completed testing in January 2023.

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 Murrieta for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2022. To be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized Comprehensive Annual Financial Report. This report must satisfy both GAAP and applicable legal requirements. 480
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A Certificate of Achievement is valid for a period of one year. The City strives to develop an Annual Comprehensive Financial Report, which will continue to meet the Certificate of Achievement Program’s requirements. We believe our current report conforms to the program requirements, and we are submitting it to the GFOA to determine its eligibility for the Certificate of Achievement for Excellence in Financial Reporting.

The preparation and development of this complex report is the result of the cooperation and dedication of all City staff and the diligent work of the entire Finance Department, particularly Jennifer Terry, Finance Manager, and Ashley Lopez, Accounting Supervisor. I also appreciate the staff of Rogers, Anderson, Malody, and Scott, LLP, for the professional way in which the audit of this financial report was conducted. I would also like to express my appreciation to the City Council for their leadership and support throughout the year and their dedication to the citizens of Murrieta.

Respectfully submitted,
Kim Summers Javier Carcamo
City Manager Director of Finance
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Development
City Manager
City Attorney
Fire
Finance
Public Works &
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Independent Auditor’s Report
City Council Members
City of Murrieta
Murrieta, California
To the Honorable City Council,
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Murrieta (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 accompanying financial statements present fairly, in all material respects, the respective fi nancial position of the governmental 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 (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards (GAS), 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.

Emphasis of Matters
As described in Note 1 to the financial statements, in the year ended June 30, 2023, the City adopted new accounting guidance under Statement of Governmental Accounting Standards Board (GASB Statement) No. 96, Subscription-Based Information Technology Arrangements. And GASB Statement No. 101, Compensated Absences. Our opinions are not modified with respect to this matter.
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As described in Note 19 to the financial statements, the fund balances of certain funds and net position of governmental activities at July 1, 2022 were restated for the correction of an error. Our opinions are not modified with respect to this matter.

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

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

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

In performing an audit in accordance with GAAS and Government Auditing Standards, we:
x Exercise professional judgment and maintain professional skepticism throughout the audit. x 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.
x 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. x 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.
x Conclude whether, in our judgment, there are conditions or events, considered in the aggreg ate, 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.
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Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, the schedules of proportionate share of the net pension liability for the miscellaneous and safety plans, the schedules of plan contributions for the miscellaneous and safety plans, the schedule of changes in the net OPEB liability and related ratios, schedule of contributions for OPEB and the budgetary comparison schedules for the General Fund and major Special Revenue Funds, identified as required supplementary information in the accompanying table of contents, be presented to supplement the basic financial statements.

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

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The combining and individual 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.

The supplementary 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 comprehensive financial report (ACFR). The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor's report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

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.
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Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated February 29, 2024 on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters.

The purpose of that report is 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 internal control over financial reporting or on compliance.

That report is an integral part of an audit
performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

San Bernardino,
February 29, 2024
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City of Murrieta

Management’s Discussion and Analysis
For the Year Ended June 30, 2023

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As management of the City of Murrieta, we offer readers of the City of Murrieta’s financial statements this narrative overview and analysis of the City’s financial activities for the fiscal year ended June 30, 2023. We encourage readers to consider the information presented here in conjunction with the enclosed letter of transmittal and basic financial statements.

FINANCIAL HIGHLIGHTS

Programs and general revenues 169,686,503 $
Cost of governmental activities (140,352,341)
Net revenues over expenditures 29,334,162
Net Position at Beginning of Year 529,750,505
Net Position at End of Year 559,084,667 $

OVERVIEW OF THE FINANCIAL STATEMENTS

This discussion and analysis is intended to serve as an introduction to the City of Murrieta’s basic financial statements. The City of Murrieta’s basic financial statements comprise three components: 1) government- wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements.

COMPONENTS OF THE ANNUAL COMPREHENSIVE FINANCIAL REPORT

Government-wide financial statements

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

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Management’s Discussion and Analysis
For the Year Ended June 30, 2023

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The statement of net position presents information on all of the City of Murrieta’s assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a valuable indicator of whether the financial position of the City of Murrieta is improving or deteriorating.

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

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

The government-wide financial statements include not only the City but also the Murrieta Financing Authority, the Murrieta Fire District, the Murrieta Community Services District, and the Murrieta Public Library. Although these entities are legally separate, they function, for all practical purposes, as a part of the City. Therefore, they have been included as blended component units as an integral part of the primary government.

Fund financial statements

A fund is a grouping of related accounts used to maintain control over resources that have been segregated for specific activities or objectives. The City of Murrieta, like other local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City of Murrieta can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds.

Governmental Funds

Governmental funds account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide statements, governmental fund financial statements focus on near-term and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

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Management’s Discussion and Analysis
For the Year Ended June 30, 2023

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The City of Murrieta maintains 28 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 Fire District Special Revenue Fund, the Federal Grants Fund Special Revenue Fund, the Development Impact Capital Project Fund, and 2016A LARB Debt Service Funds, all of which are considered to be major funds. Data from the other 23 governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements in the supplementary information section of this report.

The City of Murrieta adopted an operating budget for its general fund and three of the six other major funds.

A budgetary comparison statement has been provided for the General Fund and the Fire District Fund to demonstrate compliance with this budget.

Proprietary Funds

The City of Murrieta maintains only the internal service fund type of proprietary funds. The internal service funds are an accounting device used to accumulate and allocate costs internally among the City’s various functions.

The City uses internal service funds to account for its Information Technology and Risk Management activities. Because the City does not maintain Enterprise type proprietary funds, all of the internal service funds’ activities have been included within governmental activities in the government-wide financial statements.

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 statement due to the fact that the resources of those funds are not available to support the City of Murrieta’s own programs.

Notes to the Financial Statements

The notes provide additional information essential to fully understanding the data provided in the government-wide and fund financial statements.

Combining Statements

The combining statements referred to earlier in connection with non-major governmental funds are presented immediately following the notes to the financial statements.

Government-wide Financial Analysis

Our analysis focuses on the net position (Table 1) of the City’s governmental activities reported in the government-wide statements.

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Management’s Discussion and Analysis
For the Year Ended June 30, 2023

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NET POSITION
For the years ended June 30, 2023 and 2022

2023 2022 Change
Current and Other Assets 299,198,009$ 266,837,100 $ 32,360,909 $ Capital Assets, Net 447,446,827 453,543,416 (6,096,589) TOTAL ASSETS 746,644,836 720,380,516 26,264,320 Deferred Outflows of Resources 50,081,038 26,226,958 23,854,080 Current and Other Liabilities 42,113,359 36,052,930 6,060,429 Long-term Liabilities 182,942,531 151,049,395 31,893,136 TOTAL LIABILITIES 225,055,890 187,102,325 37,953,565 Deferred Inflows of Resources 12,585,317 29,754,644 -17,169,327 Net Position:

Net Investment
In Capital Assets 436,191,370 442,591,027 (6,399,657) Restricted 123,733,392 112,099,667 11,633,725 Unrestricted (840,095) (24,940,189) 24,100,094 TOTAL NET POSITION 559,084,667$ 529,750,505 $ 29,334,162 $ Governm ental A ctivities

The City’s combined net position as of June 30, 2023, as shown in table 1, was $559,084,667. The City’s net position increased by $29,334,162 compared to the prior fiscal year. The increase in the City’s net position is primarily attributed to an increase of approximately $50,118,400 in total assets net of deferred outflows of resources and an increase of approximately $20,784,238 in total liabilities net of deferred inflows of resources.

Governmental activities capital assets are discussed in more detail in the capital asset section of this report, and additional detailed information can be found in the Notes to the Basic Financial Statements (Note 4 – Capital Assets).

Management’s Discussion and Analysis
For the Year Ended June 30, 2023

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deferred outflows and inflows, and changes in pension, OPEB and leases liabilities for the year. GASB 68 and GASB 75 pronouncements required the City to record the net pension and OPEB liabilities on the books. The deferred outflows of resources increased by $23,854,080, while the deferred inflows of resources decreased by $17,169,327.

Current liabilities increased by $6,060,429, or 16.8%. The increase is primarily attributable to the liability valuation of claims and judgments (Worker’s Compensation) offset by a reduction in unearned revenue.

The current liabilities categories include a reclassification of the long-term debt within one year of $8,946,381. In prior years, this obligation was previously reported as long-term debt for more than one year category. The reduction of unearned revenue is associated with revenue recognition for the SLFRF Federal grant of $16,463,101 from the American Rescue Plan Act, which was not spent by the end of last fiscal year.

Long-term liabilities such as outstanding debt, leases, employee benefit accruals, claims and judgments, OPEB, and net pension liability increased by $40,839,517, an increase of approximately 22.3% from the prior year. The most significant addition is attributable to the increase in actuarial valuation for OPEB liability of $5,689,198 and net pension liability of $37,703,167. All other outstanding debt and other liabilities decreased by $2,552,848 combined as a result of debt within one year now being reported separately from long-term debt. Debt activities for the governmental funds can be found in the Long-Term Debt section of this report, and additional detailed information can be found in the Notes to the Basic Financial Statements (Note 6 – Long-Term Debt).

Government Activities

The Statement of Activities presents program revenues, expenses, and general revenues in detail.

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Management’s Discussion and Analysis
For the Year Ended June 30, 2023

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CHANGES IN NET POSITION
For the years ended June 30, 2023 and 2022

2023 2022 Change
REVENUES:

Program Revenues:

Charges for Services 26,358,037 $ 18,737,464 $ 7,620,573 $ Operating Grants and Contributions 7,658,257 5,534,571 2,123,686 Capital Grants and Contributions 27,420,836 18,092,765 9,328,071 Total Program Revenues 61,437,130 42,364,800 19,072,330 General Revenues:

Taxes:

Property Taxes 38,545,304 34,633,924 3,911,380 Sales Taxes 55,580,286 54,788,375 791,911 Franchise Taxes 4,915,332 4,644,997 270,335 Business License Tax 928,285 920,357 7,928 Transient Occupancy Taxes 1,907,457 2,111,609 (204,152) Property Transfer Tax 576,080 1,224,304 (648,224) Motor Vehicle License 113,965 133,053 (19,088) Investment Income 4,579,089 2,168,412 2,410,677 Gain on Sale of Capital Assets 21,566 - 21,566 Miscellaneous 1,082,009 1,067,693 14,316 Total General Revenues 108,249,373 101,692,724 6,556,649 TOTAL REVENUES 169,686,503 144,057,524 25,628,979 EXPENSES:

General Government 17,679,910 9,651,406 8,028,504 Public Safety 72,862,928 55,338,998 17,523,930 Community Development 8,202,449 5,385,148 2,817,301 Parks & Recreation 19,336,947 16,246,798 3,090,149 Public Works 19,808,063 21,449,510 (1,641,447) Interest on Long-term Debt 2,462,044 4,278,037 (1,815,993) TOTAL EXPENSES 140,352,341 112,349,897 28,002,444 CHANGE IN NET POSITION 29,334,162 31,707,627 (2,373,465) NET POSITION, BEGINNING OF YEAR, AS RESTATED 529,750,505 498,042,878 31,707,627 NET POSITION, END OF YEAR 559,084,667 $ 529,750,505 $ 29,334,162 $ Governmental A ctivities

The City’s combined net position as of June 30, 2023, as shown above, is $559,084,667. The City’s net position increased by $29,334,162 or approximately 5.54% compared to the prior fiscal year. This increase occurs when spending is less than the revenues received. There were several reasons for the increase in net position, including improved Property taxes, investment earnings, a slight increase in sales & use tax revenue source, operating and capital grant revenues, development impact fees, and increased activity services.

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Management’s Discussion and Analysis
For the Year Ended June 30, 2023

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When combining general and program revenues, sales and property taxes make up approximately 55.4% of total revenues. As of June 30, 2023, program revenues totaled $61,437,130, while general revenues totaled $108,249,373. Total revenue for the year totaled $169,686,503, an increase of $25,628,979 compared to the prior fiscal year. The most noteworthy changes are as follows:

Program revenues increased by a total of $19,072,330 to $61,437,130. This represents an increase of approximately 45% from the previous year.

x Charges for services increased by $7,620,573 or 40.7% during the fiscal year 2022/23 primarily due to the following: charges for services for Public Works, General Government, Community Development, and Public Safety were higher by $2,926,676, $1,080,111, $2,288,831, and $1,241,484, respectively, when compared to the prior year. Parks and Recreation revenue was steady, with an increase of $83,471 when compared to the prior year.

x Operating contributions and grant revenue increased in total by $2,123,686. That represents an increase of approximately 38.3% as compared to last year. The most significant increase occurred in the General Government category by $4,148,782, while Public Safety decreased by $2,151,337.

Community development and Parks and Recreation had a slight increase of $54,306, and $71,935, respectively. This year, capital grants and contributions increased by $9,328,071, or 51.6%. The increase is mainly in the Public Works category due to development impact fees, gas taxes, and Riverside County Measure “A” tax revenues for transportation.

General revenues increased by $6,556,649 to $108,249,373 in the current year.

x The most significant increase in general revenues was property taxes by $3,911,380, investment income by $2,410,677, and sales tax revenues by $791,911. This represents an increase of approximately 11.3% in property tax revenues, 111.2% in investment income, and 1.4% in sales tax revenue. The increase in property tax revenue was attributed to strong demand for real estate and a resilient economy overcoming the increase in mortgage interest rates.

x The increase in investment income is attributable to the higher investment yields in the City’s investment portfolio, Local Agency Investment Fund, and Cash Sweep investment program. The dividend earned through June 30, 2023, in the Cash Sweep investment program total $2,131,532.

x Transient Occupancy Tax (TOT) decreased by $204,152 or 9.6% from the prior year. TOT revenues in the fiscal year 2021/22 is the highest amount received in City history and surpasses pre-pandemic levels. The slight decrease in TOT may indicate this revenue source plateau during the current fiscal year.

x Akin to TOT, the Property transfer tax decreased by $648,224 or 52.9% from the prior year. The documentary transfer tax revenue is based on two factors: the number of transfers of interest in real property and property value at the time of sale. Property transfer tax was expected to be impacted by the increase in the mortgage interest rate during the fiscal year 2022/23.

x The sale of capital assets increased by $21,566 as a result of the standard vehicle and equipment disposal.

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City of Murrieta

Management’s Discussion and Analysis
For the Year Ended June 30, 2023

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Total governmental activities expenses increased by $28,002,444 from $112,349,897 to $140,352,341.

This represents an increase of approximately 24.9% compared to the prior year.

x The increase is primarily due to personnel-related expenses, Operation & Maintenance costs, changes in pension liabilities, Other Post-Employment Benefits (OPEB), and compensated absences.
x General Government, Public Safety, Community Development, and Parks and Recreation & Recreation expense categories experienced an increase in expenditures associated with personnel-related salary & benefits as a result of new labor agreements, increases in operating- related expenses such as legal, contract services, landscape maintenance, and animal control services.

Chart 1 – Expenses & Program Revenues

This chart highlights the cost for each of the City’s five largest programs. General Government, Public Safety, and Community Development are funded with general fund revenues such as taxes, grants and contributions, and other sources. The chart indicates that the overall cost of the government is more than the revenues generated to support it. The City is not fully recovering the cost of these services.

Parks & Recreation is primarily funded by Development Impact Fees (DIF), which are, in turn, allocated towards construction capital projects. The operating expenditures for Parks & Recreation are primarily funded by assessments and charges for services, with General Fund revenues providing additional subsidies as needed. The Public Works program is also mainly funded by DIF, capital grants, and contributions, which are used for large capital projects.

$Ͳ
$10
$20
$30
$40
$50
$60
$70
$80
Millions
CHART1 EXPENSESANDPROGRAMREVENUES
GOVERNMENTALACTIVITIES
JUNE30,2023
Ex penses
Revenues

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City of Murrieta

Management’s Discussion and Analysis
For the Year Ended June 30, 2023

-13-
Chart 2 (General Revenues by Source) identifies the various general (or discretionary) revenues available for government programs and services.

Financial Analysis of the City’s Funds

The City of Murrieta uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The focus of the City of Murrieta’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City of Murrieta’s financing requirements. In particular, unassigned fund balance may serve as a valuable measure of a government’s net resources available for spending at the end of the fiscal year.

As of the end of the current fiscal year, the City of Murrieta’s governmental funds reported combined ending fund balances of $249,792,261, a decrease of $37,733,076 or approximately 12.6% compared to last year's governmental funds balance. The change in fund balance for the General Fund column totaled $21,908,251, broken down by fund as follows.

Fund Title
Change in Fund
Balance
General Fund 11,141,180 $
Transaction Sales Tax (Measure T) 9,412,716
General Capital Fund 1,413,024
Traffic Safety Fund 1,859
Crime Prevention Fund (84,697)
Vehicle Replacement Fund 24,169
Total Net Changes in Fund Balance 21,908,251$

Property
Taxes
36%
SalesTaxes
51%
Franchise
Taxes
5%
Business
LicenseTax
1%
Transient
OccupancyTaxes
2%
Property
TransferTax
0%
Other
Revenues
5%
CHART2
GENERALREVENUESBYSOURCE
JUNE30,2023
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City of Murrieta

Management’s Discussion and Analysis
For the Year Ended June 30, 2023

-14-
Additional information can be found in the consolidating schedule on page 22 of this report.

The other net changes in fund balances in the governmental funds include an increase of $12,424,950 for the Capital Project Development Impact Fee fund, $956,044 for the Federal Grants fund, and $2,653,773 for the Non-Major Governmental Funds. The Fire District fund had a decrease in fund balance of $256,817.

In accordance with GASB Statement No. 54 (thoroughly discussed in the notes to the financial statements Note 8 - Fund Balance), the combined ending fund balance of $249,792,261 is broken down as follows:

Fund Balance Classification 2023 2022 Change
Non-Spendable 4,738,334 $ 5,017,077 $ (278,743) $ Restricted 123,233,392 182,122,784 (58,889,392)
Committed 51,229,664 59,624,816 (8,395,152)
Assigned 57,042 52,482 4,560
Unassigned 70,533,829 39,120,287 31,413,542
Total Fund Balance 249,792,261$ 285,937,446 $ (36,145,185) $ Governmental Funds

The non-spendable category represents that portion of fund balance that cannot be spent because it is either (a) not in a spendable form or (b) legally or contractually required to be maintained intact. The restricted category represents that portion of fund balance that reflects constraints placed on the use of resources that are either (a) externally imposed by creditors, grantors, contributors, or laws/regulations of other governments or (b) imposed by law through constitutional provisions or enabling legislation. The committed category represents that portion of fund balance that can only be used for specific purposes pursuant to constraints imposed by formal action of the City of Murrieta’s highest level of decision-making authority (City Council) and remains binding unless removed in the same manner. The assigned category represents that portion of fund balance that includes amounts constrained by the City of Murrieta’s intent to be used for specific purposes that are neither restricted nor committed. The intent was established at either the highest level of decision-making or by an official designated for that purpose, typically through the adoption of the Budget. The remaining category, unassigned, is that portion of fund balance that does not fall into one of the four other categories and may only be reported as a positive number in the General Fund. In other governmental funds, if expenditures incurred for specific purposes exceed the amounts restricted, committed, or assigned, it may be necessary to report a negative unassigned fund balance.

General Fund

For the financial statement presentation, the General Fund column includes the following funds: General Fund, Measure T Fund, General Capital Fund, Traffic Safety Fund, Crime Prevention Fund, and Vehicle Replacement Fund. At the end of the fiscal year, the General Fund’s revenues exceeded expenditures, including other financing sources (uses) of $21,908,251, thereby increasing the General Fund balance at the end of June 30, 2023, to $127,167,181.

Management’s Discussion and Analysis
For the Year Ended June 30, 2023

-15-
The intergovernmental revenue category increased by $3,432,472 combined for various intergovernmental service agreements as a result of revenue recognition during the current fiscal year. The use of Money and Property revenue category increased by $4,565,634. The increase in Use of Money & Property is primarily due to an increase in investment income associated with the City’s investment portfolio and short-term investment through the City’s sweep account. The investment income increase is approximately $1,472,918. The other component is associated with the accounting required by GASB 31 to recognize unrealized gain or loss of securities that weren’t sold or matured at year-end. The recognition of unrealized gain or loss of securities accounts for approximately $3,092,716. During the fiscal year, the value of fixed- income securities, like the ones in the city’s portfolio, have an inverse relationship to the movement of interest rates. The value of a bond will increase as interest rates decrease. Conversely, the value of bonds decreases when interest rates rise. Lastly, the charges for services revenue category increased by $1,554,897, while the remaining revenue categories declined by approximately $1,012,239.

General Fund expenditures decreased by $10,610,953 to $78,224,768 after transfers out and other financing uses. The increase in expenditures is mainly attributable to Public Safety operations and services by $3,827,291. Personnel-related expenditures increased by $2,774,673 due to new authorized positions and salary & benefit increases. The Public Safety operating costs increased by $1,058,618.

Public Works and Community Development increased by $1,522,955 and $1,500,866, respectively. All other expenditure categories increased by $1,026,270.

The total fund balance includes funds classified as non-spendable in the amount of $4,181,606, primarily made up of long-term note receivables, long-term advances to other funds, inventory, and prepaid costs, which are not in spendable form. A non-spendable classification means the funds are set aside since those resources cannot be accounted as City funds until collected or, in the case of inventory and prepaid, until it is used or goods/services received.

The restricted fund balance of $225,188 represents cash in an escrow account for the streetlight retrofit project, and partial annual debt service obligation by the General Fund. Additional information regarding the capital lease can be found in Note 7 - Capital Lease Liability on page 58 of this report.

Committed funds totaled $51,229,664. These funds are slated for capital projects, continuing appropriations, economic contingency reserves, operating reserves, pension rate stabilization reserves, fleet replacement reserves, and facility replacement reserves. It includes an operating reserve of $16,795,491 from the General Fund and $5,680,142 from the Measure T fund. The combined operating reserve of $22,475,633 is approximately 31% of the annual operating budget. The operating reserve is established by a City Council policy to provide sufficient cash flow and resources to pay the annual debt and obligated long-term debt requirements and to maintain City operations should a catastrophic event such as a natural disaster or an economic or legislative change occur that might have an adverse impact to the City’s financial position. The current operating reserve policy requires a 25% reserve. The committed fund balance includes a $7,054,727 economic contingency reserve, $4,584,352 fleet replacement, $2,240,850 facilities reserve, and $25,000 in continuing operations.

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City of Murrieta

Management’s Discussion and Analysis
For the Year Ended June 30, 2023

-16-
The assigned fund balance totaling $57,042 is set aside for City programs. The second most significant portion of the fund balance is unassigned fund balance in the amount of $71,473,681. The unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. More detailed information about the City’s fund balance is presented in Note 9 to the financial statements.

Murrieta Fire District Fund

The Fire Fund accounts for proceeds of property taxes and other sources that are restricted by law or administrative action. The Fire District's administrative division and fire suppression, including paramedics and fire prevention staff, operate five fire stations strategically located within the City's boundaries.

For the past few years, annual operating expenses have exceeded operating revenues. As of the end of FY 2022/23, revenues totaled $18,670,185, an increase of $1,904,499 or 11.36% from the previous year.

The most significant driver of the increase was property tax revenue of $1,693,874. The Riverside County real estate market remained relatively strong, increasing property values. The District's operating expenses increased by $1,320,724. Total expenditures, including other financing uses, totaled $21,790,922. The Fire District’s operating costs continue to increase primarily due to salary and wages, and pension costs.

The Fire District fund balance at the end of the fiscal year totaled $3,722,345, a net decrease of $258,883 from the previous year. The fund balance is restricted for fire operations and includes an operating reserve of $3,750,812 and $28,467 in non-spendable fund balance.

4%0%
40%
0%
56%
GeneralFund
FundBalanceasofJune30,2023
NonͲSpendable
Restricted
Committed
Assigned
Unassigned
503
City of Murrieta

Management’s Discussion and Analysis
For the Year Ended June 30, 2023

-17-
Federal Grant Fund

The Federal Grant Fund accounts for federally funded programs that support improved responses to public safety services. For FY 2022/23, revenues totaled $7,114,681, an increase of $6,059,221 from the previous year. The operating expenditures totaled $4,982,210, an increase of $3,087,720 from the previous year.

The grant expenditures are associated with ARPA funds, DOJ and Homeland security grants, and FEMA EPMC grant.

Development Impact Fee Fund

This Fund accounts for developer contributions and other revenue sources that are restricted by law or administrative action related to capital expenditures for infrastructure such as roads, sidewalks, medians, storm drains, facilities, parks, and open space. For the fiscal year 2022/23, revenues totaled $13,322,699, an increase of $6,513,062 from the previous year. Approximately 92% of the current year’s revenue is derived from the developer participation revenue category; the remaining comes from interest earnings.

Total expenditures amounted to $892,002, a decrease of $160,640 from the prior year. The most significant decline was from Capital Outlay with a reduction of $254,915. While the Public Works function increased by $94,275. The Capital Outlay reduction is associated the completion of fewer capital improvement projects. The increase in the Public Works function is due to development impact fee reimbursement. The Development Impact Fee Fund balance at the end of the fiscal year totaled $53,004,606, a net increase of $12,424,947 from the previous year. The fund balance contributions are earmarked for capital-related projects, and appropriations are established in the Capital Improvement Plan budget.

Debt Service Fund

The Local Agency Refunding Bonds Series, 2022, 2016A, and 2016B Debt Service Funds account for the accumulation of resources and the payment of principal, interest, and related costs. The restricted fund balance at year-end is $73,513,272. Additional information on the Murrieta Financing Authority debt can be found in Note 7, Long-Term Debt, starting on page 56 of this report.

General Fund Budgetary Highlights

As customary, Finance staff delivers quarterly budget update reports to City Council. As necessary, staff recommends budget adjustments to revenue and expenses to align the budget with actual financial activities, unanticipated revenue or expenses, or revised forecasts.

The revised revenue budget for FY 2022/23 totaled $93,623,252, while actual revenues totaled $99,798,392, outperforming revenue projections by $6,175,140. The most significant budgetary variance is in the sales and property taxes, intergovernmental revenue, licenses and permits, and charges for services categories. While other revenue categories, use of monies, miscellaneous revenues and sale of capital assets, experienced a moderate increase when compared to the amended budget. Fines & forfeitures were slightly under budget when compared to the amended budget. Transfers In were lower than budgeted.

The General Fund Sales & Use tax, Transaction tax, and property taxes outperformed the budget by $4,258,493, primarily due to conservative budget adjustments and more favorable economic conditions than expected when the budget was amended. During the fiscal year, the autos and transportation and fuel and service stations experienced decreases in Sales and Use Tax in comparison to the prior fiscal year; however, consumer goods outperformed the prior year.

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City of Murrieta

Management’s Discussion and Analysis
For the Year Ended June 30, 2023

-18-
Historically, the use of money and property has been budgeted conservatively. The use of money and property came in higher than the budgeted amount by $513,515, primarily due to higher interest earnings on investments through June 30, 2023. The interest earnings were offset by a reduction in the GASB Statement 31 entry. As required by GASB Statement 31 - Accounting and Financial Reporting for Investments, a non-cash accounting adjustment to record gains or losses in investments either not yet sold or matured. The negative change in the valuation of investment at year-end was $4,553,676.05. The value of fixed-income securities may fluctuate with changes in interest rates. As interest rates go up, the market value of the securities may go down, and the reverse is true; when interest rates go down, the market value of the securities may go up. The difference between book value and fair market value is considered an unrealized gain or loss.

Licenses and Permits and Charges for services outperformed its budget by $664,878 and $1,027,163, respectively, due to multifamily housing and commercial developments for permits, plan checks, and inspection services. The Intergovernmental revenue category was $1,709,232 higher than the budget primarily due to the collection of deferred payments from the previous fiscal year associated with the intergovernmental agreement for dispatch services.

General Fund
Budget Actuals Variance
Revenues
Taxes 79,398,447 $ 83,656,940 $ 4,258,493
Licenses and permits 2,731,688 3,396,566 664,878 Intergovernmental 3,531,972 5,241,204 1,709,232 Charges for services 4,604,345 5,631,508 1,027,163 Use of money and property 805,020 1,318,538 513,518 Fines & forfeiture 331,500 329,264 (2,236) Miscellaneous revenues 191,353 418,238 226,885 Transfers in 2,028,927 8,805 (2,020,122) Sales of capital assets - 21,566 21,566 Total Revenues 93,623,252 100,022,629 6,399,377 Expenses
General government 13,244,403 11,886,711 (1,357,692) Public safety 43,236,572 42,744,400 (492,172) Community development 9,025,486 7,530,975 (1,494,511) Parks and recreation 974,686 890,670 (84,016) Public works 5,920,834 6,085,862 165,028 Capital outlay 2,722,326 3,682,485 960,159 Debt service 32,400 32,400 - Transfers out 11,507,207 5,371,264 (6,135,943) Total Expenses 86,663,914 78,224,767 (8,439,147) Net Revenues over Expenses 6,959,338 $ 21,797,862 $ 14,838,524 $

BUDGET TO A CTUA L

GENERA L FUND

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City of Murrieta

Management’s Discussion and Analysis
For the Year Ended June 30, 2023

-19-
The total revised General Fund operating expenditure budget in FY 2022/23 totaled $87,663,914, while actual expenses at year-end totaled $78,224,768. The actual operating expenses were $9,439,146 lower than the budgeted figures. This negative variance (or budgetary savings) comprised of Operations & Maintenance, Allocations (or Internal Service Charges), and Transfer Out across the various expenditure functions. Personnel Costs were slightly over budget by $242,176 between the General Fund and Measure T, which can be attributed to higher costs in retirement costs.

Operations & Maintenance had budgetary savings of approximately $2.6 million savings across multiple departments in contract services for consultants, contracts, and legal services. Capital Outlay was over budget by approximately $331k. This can be attributed to Capital Improvement Project costs being paid out of the general ledger but budgeted in the subsidiary job ledger. The transfer out savings in this category is primarily due to reduced expenditures and increased revenue in both the Fire District and Community Services District (CSD), which resulted in a lower Transfer In from the General Fund and District sales tax fund to make the aforementioned district’s fund whole.

Capital assets

At the end of FY 2022/23, the City had capital assets (net of accumulated depreciation) of $447,446,827, including land, construction in progress (CIP), buildings and improvements, improvements to land, parkland improvements, equipment (including vehicles), infrastructure, leased assets, and right-to-use subscriptions.

Additional information on the City’s capital assets can be found in Note 6, Capital Assets, on page 55 of this report.

CAPITAL ASSETS, NET OF DEPRECIATION

2023 2022
Land 178,561,254 $ 178,561,254 $
Construction in Progress 10,837,340 8,311,886
Buildings & Improvements 31,411,469 32,318,372
Improvements to Land 1,722,707 1,839,455
Parkland Improvements 16,641,360 18,303,115
Equipment 14,622,353 14,192,397
Infrastructure 191,651,768 198,593,571
Lease Assets 1,532,661 1,423,366
Right-to-use Subscriptions 465,915 -
Total Capital Assets 447,446,827 $ 453,543,416 $
*More detailed information about the City’s capital assets is presented in Note 1 and Note 6 to the financial statements.

Governmental A ctivities

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City of Murrieta

Management’s Discussion and Analysis
For the Year Ended June 30, 2023

-20-
Long-Term Debt

At the end of the current fiscal year, the City of Murrieta had bonded debt and leases outstanding, along with liability for claims and judgments, an obligation for employee post-employment benefits (OPEB), compensated absences payable, and Net Pension liabilities totaling $193,256,129. The total outstanding debt increased by approximately 27.94% or $42,206,734 during FY 2022/23. The most significant increase relates to the increase in Net Pension Liability.

The pension (CalPERS) liability increased by $37,703,167 due to the reduction in the discount rate from 7% to 6.8%, coupled with lower-than-anticipated earnings for FY 2022/23. The adjusted discount rate was announced in November 2021 and was implemented with the Fiscal Year Ending 2020/21 actuarial valuation reports that were available in the summer of 2022. Earnings for Fiscal Year 2022/23 came in lower at 5.8%, one full percent lower than the newly adjusted discount rate.

The increase in Other Post Employment Benefits (OPEB) liability of approximately $5,689,198 is attributed to less than favorable asset performance compared to expected. Claims and Judgments related to the City’s general liability and Workers’ Compensation increased approximately by $3,314,645 primarily due to an increase in the actuarial valuation of future liability. Compensated absences had an increase of $843,210 due to an increase in the number of employees and increases in the salary and compensation schedules.

The remaining outstanding debt items had an overall decrease of $5,343,486.

OUTSTANDING DEBT

City Related Debt 2023 2022
Lease Revenue Bond Series 2020A 2,903,446 $ 3,572,388 $ Leases & Notes Payable 7,314,398 7,386,229
Net Pension Liability 62,692,810 24,989,643
Claims and Judgments 13,306,371 9,991,726
OPEB Liability 28,061,581 22,372,383
Compensated Absences 6,792,674 5,949,464
Total City Related Debt 121,071,280 74,261,833
CFD Related Debt
Local Agency Revenue Bond, Series 2022 29,814,849 31,687,562 Local Agency Revenue Bond, Series 2016A 35,900,000 38,210,000 Local Agency Revenue Bond, Series 2016B 6,470,000 6,890,000 Total CFD Related Debt 72,184,849 76,787,562
Total Outstanding Debt 193,256,129$ 151,049,395 $
Note 7 to the financial statements.

Governm ental A ctivities
*More detailed information about the City’s long-term debt is presented in

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City of Murrieta

Management’s Discussion and Analysis
For the Year Ended June 30, 2023

-21-
Contacting the City’s Financial Management

This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors with a general overview of the City’s finances and to show the City’s accountability for the money it receives. If you have questions about this report or need additional financial information, contact Finance Director Javier Carcamo, Finance Department at:

Finance Department
City of Murrieta
1 Town Square
Murrieta, CA 92562
(951) 461-6090
[email protected]

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509

FINANCIAL STATEMENTS
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City of Murrieta

Statement of Net Position
June 30, 2023

The accompanying notes are an integral part of these financial statements. -22-
ASSETS
Governmental
Activ itie s
Cash and Investments 246,420,669$
Receivables, net:

Accounts 1,968,240
Taxes 12,751,422
Loans 12,502,677
Accrued interest 1,795,442
Leases 3,296,929
Prepaid Costs 1,326,930
Inventories 37,817
Deposits Held with Others 4,836,312
Due from Other Governments 5,033,483
Land Held for Resale 3,515,665
Restricted Assets:

Cash and Investments with Fiscal Agents 5,712,423
Capital Assets, Not Depreciable 189,398,594
Capital Assets, Net of Accumulated Depreciation 258,048,233 Total Assets 746,644,836

DEFERRED OUTFLOWS OF RESOURCES
Deferred Loss on Refunding 348,084
Deferred Pension-Related Items 37,577,887
Deferred OPEB-Related Items 12,155,067
Total Deferred Outflows of Resources 50,081,038

LIABILITIES
Accounts Payable 3,513,208
Accrued Liabilities 4,064,897
Accrued Interest 504,566
Due to Other Governments 5,469
Deposits Payable 11,628,445
Unearned Revenues 12,083,176
Long-term Liabilities, Due Within One Year 10,313,598
Long-term Liabilities, Due in More Than One Year 92,188,140 Net Pension Liability 62,692,810
Net OPEB Liability 28,061,581
Total Liabilities 225,055,890

DEFERRED INFLOWS OF RESOURCES
Deferred Pension-Related Items 3,565,813
Deferred OPEB-Related Items 5,883,648
Deferred Amounts Related to Leases 3,135,856
Total Deferred Inflows of Resources 12,585,317

NET POSITION
Net Investment in Capital Assets 436,191,370
Restricted for:

Community Development:

Nonexpendable 500,000
Expendable 21,872,471
Public Safety 4,820,629
Public Works 87,286,216
Capital Projects 3,974,784
Public Education and Government 1,393,603
Debt Service 3,885,689
Unrestricted (840,095)
Total Net Position 559,084,667$

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City of Murrieta

Statement of Activities
For the Year Ended June 30, 2023

The accompanying notes are an integral part of these financial statements. -23-
Functions/Programs Expenses
Charges for
Services
Operating
Grants and
Contributions
Capital Grants
and
Contributions
Net
Governmental
Activities
Governmental Activities:

General Government 17,679,910 $ 1,846,704 $ 4,201,413 $ 100,744 $ (11,531,049)$ Public Safety 72,862,928 3,458,096 3,261,229 - (66,143,603) Community Development 8,202,449 5,025,514 122,061 - (3,054,874) Parks and Recreation 19,336,947 10,222,700 73,554 23,785 (9,016,908) Public Works 19,808,063 5,805,023 - 27,296,307 13,293,267 Interest on Long-Term Debt 2,462,044 - - - (2,462,044) Total Governmental Activities 140,352,341$ 26,358,037 $ 7,658,257 $ 27,420,836 $ (78,915,211) $ General Revenues:
24,419,742
14,125,562
576,080
1,907,457
55,580,286
4,915,332
928,285
113,965
4,579,089
Sale of Assets 21,566
1,082,009
108,249,373
29,334,162
529,750,505
559,084,667$
Transient Occupancy Taxes
Sales and Use Taxes
Franchise Taxes
Business Licenses Taxes
Program Revenues
Taxes:

Property Taxes, Levied for General Purposes
Property Taxes, Levied for Fire Safety
Property Transfer Taxes
Net Position - End of Year
Motor Vehicle License
Investment Income
Miscellaneous
Total General Revenues
Change in Net Position
Net Position - Beginning of Year, As Restated

514
City of Murrieta

Balance Sheet – Governmental Funds
June 30, 2023

The accompanying notes are an integral part of these financial statements. -24-
Capital Projects
General Fire District Federal Grants
Development
Impact
ASSETS
Pooled Cash and Investments 120,939,131 $ 3,526,618 $ 11,088,798 $ 53,302,059 $ Receivables:

Accounts 1,634,198 47,510 6,455 100,000 Taxes 11,570,797 678,935 - - Loans 3,548,760 - - - Accrued Interest 1,306,466 - - - Leases - 2,620,007 - - Prepaid Costs and Other Assets 372,004 40,192 - - Inventories 15,842 4,998 - - Due from Other Governments 452,103 303,113 1,191,363 - Due from Other Funds 1,721,644 - - - Land Held for Resale - - - - Advance to Other Funds 245,000 - - - Restricted Assets:

Cash and Investments with Fiscal Agents 73,267 - - - Total Assets 141,879,212 $ 7,221,373 $ 12,286,616 $ 53,402,059 $

LIABILITIES
Accounts Payable 1,777,330 $ 154,857 $ 165,339 $ 16,255 $ Accrued Liabilities 2,212,535 851,140 31 31,382 Deposits Payable 9,246,107 2,300 - - Unearned Revenue 200,000 - 10,728,959 - Due to Other Governments 653 - - 4,816 Due to Other Funds - - 818,844 - Advances from Other Funds - - - 245,000 Total Liabilities 13,436,625 1,008,297 11,713,173 297,453

DEFERRED INFLOWS OF RESOURCES
Unavailable Revenues:

Accounts 241,278 2,772 - 100,000 Grants - - 806,515 - Accrued Interest 1,034,128 - - - Deferred Inflows Related to Leases - 2,487,959 - - Total Deferred Inflows of Resources 1,275,406 2,490,731 806,515 100,000 FUND BALANCES (DEFICITS):

Nonspendable 4,181,606 45,190 - - Restricted 225,188 3,677,155 - 53,004,606 Committed 51,229,664 - - - Assigned 57,042 - - - Unassigned 71,473,681 - (233,072) - Total Fund Balances (Deficits) 127,167,181 3,722,345 (233,072) 53,004,606 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficits) 141,879,212$ 7,221,373 $ 12,286,616 $ 53,402,059 $ Special Revenue
515
City of Murrieta

Balance Sheet – Governmental Funds (Continued)
June 30, 2023

-25-
Debt Service Fund
2016A LARB
Total Nonmajor
Governmental
Funds
Total
Governmental
Funds
-$ 53,223,225$ 242,079,831 $
- 169,631 1,957,794
- 501,690 12,751,422 - 8,953,917 12,502,677
- 488,976 1,795,442
- 676,922 3,296,929
- 11,538 423,734
- - 20,840
- 3,086,904 5,033,483
- - 1,721,644 - 3,515,665 3,515,665
- - 245,000
1,883,583 3,755,573 5,712,423
1,883,583$ 74,384,041 $ 291,056,884 $
-$ 1,239,584$ 3,353,365 $
- 876,254 3,971,342
- 2,380,038 11,628,445
- 1,154,202 12,083,161
- - 5,469
- 902,800 1,721,644
- - 245,000
- 6,552,878 33,008,426
- 2,555,487 2,899,537
- 380,161 1,186,676
- - 1,034,128 - 647,897 3,135,856
- 3,583,545 8,256,197
- 511,538 4,738,334
1,883,583 64,442,860 123,233,392
- - 51,229,664 - - 57,042
- (706,780) 70,533,829 1,883,583 64,247,618 249,792,261
1,883,583$ 74,384,041 $ 291,056,884 $
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517
City of Murrieta

Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position
June 30, 2023

The accompanying notes are an integral part of these financial statements. -26-
Fund Balances - Total Governmental Funds 249,792,261$
Amounts reported for governmental activities in the statement of net position are different because:

Capital assets, net of depreciation (excluding those in the internal service fund) have not been included as financial resources in governmental fund activity. 445,927,894 Long-term debt and compensated absences that have not been included in the governmental fund activity (excluding those in the internal service fund):

Lease Revenue Bonds (2,620,000)
Local Agency Revenue Bonds (69,790,000)
Premium (2,678,295)
Notes, Leases and Subscription Liabilities (6,881,661)
Loss on Refunding 348,084
Compensated Absences (6,659,513) (88,281,385) Accrued interest payable for the current portion of interest due on bonds are not reported in the governmental funds. (504,566)

Pension-related debt is not due and payable in current period and accordingly is not reported as fund liabilities. Deferred outflows of resources and deferred inflows of resources related to pensions 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 37,577,887
Deferred Inflows of Resources (3,565,813)
Pension Liability (62,692,810) (28,680,736)
OPEB-related debt is not due and payable in current period and accordingly is not reported as fund liabilities. Deferred outflows of resources and deferred inflows of resources related to pensions 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 12,155,067
Deferred Inflows of Resources (5,883,648)
Net OPEB Liability (28,061,581) (21,790,162)
Revenues reported as unavailable revenue in the governmental funds and recognized in the statement of activities. These are included in the intergovernmental revenues in the governmental fund activity. 5,120,341 Internal service funds are used by management to charge the costs of certain activities, such as equipment management and self-insurance, to individual funds. The assets and liabilities of the internal service funds must be added to the statement of net position. (2,498,980)
Net Position of Governmental Activities 559,084,667$

518
City of Murrieta

Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds
For the Year Ended June 30, 2023

The accompanying notes are an integral part of these financial statements. -27-
Capital Projects
General Fire District Federal Grants
Development
Impact

REVENUES
Taxes 83,656,940 $ 15,319,706 $ - $ - $ Assessments - 1,551,897 - - Licenses and Permits 3,396,566 1,313 - - Intergovernmental 5,241,204 766,909 7,114,681 - Charges for Services 5,631,508 452,381 - - Use of Money and Property 1,318,538 269,128 323,576 1,102,864 Fines and Forfeitures 329,264 251,205 - - Developer Participation - - - 12,219,839 Miscellaneous 418,238 57,646 - - Total Revenues 99,992,258 18,670,185 7,438,257 13,322,703

EXPENDITURES
Current:

General Government 11,886,711 - 3,883,686 - Public Safety 42,744,400 21,790,922 1,044,744 - Community Development 7,530,975 - - - Parks and Recreation 890,670 - 14,583 - Public Works 6,085,862 - - 352,418 Capital Outlay 3,682,485 - 39,200 539,584 Debt Service:

Principal Retirement 32,029 - - - Interest and Fiscal Charges 372 - - - Total Expenditures 72,853,504 21,790,922 4,982,213 892,002

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 27,138,754 (3,120,737) 2,456,044 12,430,701

OTHER FINANCING SOURCES (USES)
Transfers In 8,805 2,863,920 - 28,917 Transfers Out (5,371,264) - (1,500,000) (34,668) SBITA Acquisition 110,390 - - - Proceeds from Sale of Capital Assets 21,566 - - - Total Other Financing Sources (Uses) (5,230,503) 2,863,920 (1,500,000) (5,751) NET CHANGE IN FUND BALANCES 21,908,251 (256,817) 956,044 12,424,950 Fund Balances (Deficit), beginning of year, as
restated (Note 19) 105,258,930 3,979,162 (1,189,116) 40,579,656 Fund Balances (Deficit), end of year 127,167,181 $ 3,722,345 $ (233,072) $ 53,004,606 $ Special Revenue Funds

519
City of Murrieta

Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds (Continued)
For the Year Ended June 30, 2023

The accompanying notes are an integral part of these financial statements. -28-
Debt Service Fund
2016A LARB
Total Nonmajor
Governmental
Funds
Total
Governmental
Funds
-$ 2,654,456$ 101,631,102$ 3,612,020 12,850,993 18,014,910
- - 3,397,879 - 9,825,797 22,948,591 - 610,184 6,694,073 46,875 1,517,286 4,578,267 - 20,735 601,204 - 143,420 12,363,259 - 386,110 861,994 3,658,895 28,008,981 171,091,279 - 256,040 16,026,437 - 574,836 66,154,902 - 43,742 7,574,717 - 15,002,048 15,907,301 - 3,298,867 9,737,147 - 5,426,616 9,687,885 2,310,000 3,229,886 5,571,915
1,302,020 1,527,463 2,829,855
3,612,020 29,359,498 133,490,159 46,875 (1,350,517) 37,601,120 - 5,169,541 8,071,183 - (1,165,251) (8,071,183) - - 110,390 - - 21,566 - 4,004,290 131,956
46,875 2,653,773 37,733,076 1,836,708 61,593,845 212,059,185 1,883,583$ 64,247,618 $ 249,792,261 $

520
City of Murrieta

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

The accompanying notes are an integral part of these financial statements. -29-
Net Change in Fund Balances - Total Governmental Funds 37,733,076$ Amounts reported for governmental activities in the statement of activities are different because:

Governmental funds report capital outlays as expenditures. However, in the statement of activities, the cost of those assets is allocated over the estimated useful lives as depreciation expense. This is the amount by which depreciation exceeded capital outlays in the current period.

Capital Outlays 11,164,602 $
Depreciation and amortization (17,264,190) (6,099,588) The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. These amounts are the net effect of these differences in the treatments of long-term debt and related items.

Principal Payments 5,484,568
Amortization of Premium 291,655
Amortization on Loss on Refunding (31,644) 5,744,579 Accrued interest for long-term liabilities. This is the net change in accrued interest for the current period. 108,801
Compensated absences expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds. (946,602)
Pension obligation expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds. (3,063,476)
OPEB obligation expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds. 527,478
Revenues reported as unavailable revenue in the governmental funds and recognized in the statement of activities. These are included in the intergovernmental revenues in the governmental fund activity. (1,554,816) Internal service funds are used by management to charge the costs of certain activities, such as equipment management and self-insurance, to individual funds. The net revenues (expenses) of the internal service fund is reported with governmental activities. (3,115,290)
Change in Net Position of Governmental Activities 29,334,162$

521
City of Murrieta

Statement of Fund Net Position – Proprietary Funds
June 30, 2023

The accompanying notes are an integral part of these financial statements. -30-
Internal Service
Funds
ASSETS
Current Assets:

Cash and Investments 4,340,838 $
Accounts Receivable 10,446
Prepaid Costs 903,196
Inventory 16,977
Deposits Held with Others 4,836,312
Total Current Assets 10,107,769
Noncurrent:

Capital Assets, Net of Accumulated Depreciation 1,518,933 Total Assets 11,626,702

LIABILITIES
Current Liabilities:

Accounts Payable 159,843
Accrued Liabilities 93,555
Unearned Revenue 15
Compensated Absences 26,632
Claims and Judgments 1,285,286
Note Payable 168,818
Total Current Liabilities 1,734,149
Noncurrent:

Compensated Absences 106,529
Claims and Judgments 12,021,085
Note Payable 263,919
Total Noncurrent Liabilities 12,391,533
Total Liabilities 14,125,682

NET POSITION (DEFICIT)
Net Investment in Capital Assets 1,086,196
Restricted for Public, Education, Government 421,778
Unrestricted (4,006,954)
Total Net Position (Deficit) (2,498,980) $

522
City of Murrieta

Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds
For the Year Ended June 30, 2023

The accompanying notes are an integral part of these financial statements. -31-
Internal Service
Funds

OPERA TING REVENUES
Interdepartmental Charges 11,760,740 $
Franchise Taxes 44,679
Miscellaneous 2,191
Total Operating Revenues 11,807,610

OPERATING EXPENSES
Administration and General 8,008,858
Claims Expense 6,515,003
Depreciation Expense 526,512
Total Operating Expenses 15,050,373
OPERATING INCOME (LOSS) (3,242,763)

NONOPERATING REVENUES (EXPENSES)
Interest Revenue 128,474
Interest Expense (1,001)
Total Nonoperating Revenues (Expenses) 127,473
CHANGES IN NET POSITION (3,115,290)
Net Position, beginning of year 616,310
Net Position (Deficit), end of year (2,498,980) $
523
City of Murrieta

Statement of Cash Flows – Proprietary Funds
For the Year Ended June 30, 2023

The accompanying notes are an integral part of these financial statements. -32-
Internal Service
Funds

CA SH FLOWS FROM OPERA TING A CTIVITIES
Cash Received from Interfund Service Provided 11,810,408 $ Cash Paid to Suppliers for Goods and Services (6,450,783) Cash Paid to Employees for Services (1,481,385)
Claims Paid (3,465,691)
Net Cash Provided by Operating Activities 412,549

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Principal payments on subscription-based liability (179,364) Principal payments on note (39,102)
Interest payments on note (1,001)
Net Cash Used by Capital and Related Financing Activities (219,467)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest Received 128,474
Net Cash Provided by Investing Activities 128,474
NET CHANGES IN CA SH A ND CA SH EQUIVA LENTS 321,556
Cash and Cash Equivalents, beginning of year 4,019,282
Cash and Cash Equivalents, end of year 4,340,838 $

RECONCILIATION OF OPERATING (LOSS) TO NET CASH

PROVIDED BY OPERATING ACTIVITIES
Operating (Loss) (3,242,763) $
Adjustments to Reconcile Operating (Loss) to
Net Cash Provided by Operating Activities:

Depreciation Expense 526,512
(Increase) Decrease in Accounts Receivable 2,798
(Increase) Decrease in Prepaid Costs 77,771
(Increase) Decrease in Inventory (16,977)
(Increase) Decrease in Deposits Held with Others (265,333) Increase (Decrease) in Accounts Payable (12,524)
Increase (Decrease) in Accrued Liabilities 10,120
Increase (Decrease) in Claims and Judgments 3,314,645
Increase (Decrease) in Compensated Absences 18,300
Total Adjustments 3,655,312
Net Cash Provided by Operating Activities 412,549 $

524
City of Murrieta

Statement of Fiduciary Net Position
June 30, 2023

The accompanying notes are an integral part of these financial statements. -33-
Custodial Fund
Successor
Agency Private-
Purpose Trust
Fund
ASSETS
Pooled Cash and Investments 26,778 $ 4,328,752$ Receivables, net:

Accounts 25,802 -
Taxes 100,597 -
Prepaid Costs - 409
Restricted Assets:

Cash and Investments with Fiscal Agents 10,627,198 1,843 Total Assets 10,780,375 4,331,004

LIABILITIES
Accounts Payable 2,966 38,783
Accrued Liabilities 3,711 36,665
Deposits Payable 12,965 -
Interest Payable - 484,696
Long-Term Liabilities:

Due in One Year - 1,665,000
Due in More than One Year - 30,681,425 Total Liabilities 19,642 32,906,569

NET POSITION (DEFICIT)
Restricted for Other Organizations 10,760,733 -
Unrestricted for Successor Agency - (28,575,565) Total Net Position (Deficit) 10,760,733 $ (28,575,565) $

525
City of Murrieta

Statement of Changes in Fiduciary Net Position
For the Year Ended June 30, 2023

The accompanying notes are an integral part of these financial statements. -34-
Custodial Fund
Successor
Agency Private-
Purpose Trust
Fund

ADDITIONS
Taxes 2,679,163 $ 3,064,431 $
Interest Income 187,226 83,306
Total Additions 2,866,389 3,147,737

DEDUCTIONS
Administrative Costs 271,032 371,490
Residual Commitments of the Agency 735,183 96,040 Interest on Bonds 892,361 1,120,394
Total Deductions 1,898,576 1,587,924
CHANGES IN NET POSITION 967,813 1,559,813
Net Position (Deficit), beginning of year 9,792,920 (30,135,378) Net Position (Deficit), end of year 10,760,733 $ (28,575,565) $

526

THIS PAGE INTENTIONALLY LEFT BLANK
527
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-35-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A) Reporting Entity

The City of Murrieta (the City) is a reporting entity, which consists of the primary government and component units:

Reporting Entity:

Primary Government
City of Murrieta
Component Units:

Murrieta Financing Authority
Murrieta Fire Protection District
Murrieta Community Services District
Murrieta Public Library Board
Murrieta Housing Authority

As required by accounting principles generally accepted in the United States of America, these financial statements present the City of Murrieta (the primary government) and its component units. Component units are entities for which the government is considered to be financially accountable.

The City was incorporated on July 1, 1991, under the laws of the state of California and enjoys all the rights and privileges applicable to a General Law City. It is governed by an elected five- member board. The City operates under a council-manager form of government and currently provides a wide variety of services to its citizens, including police, fire, public services, community development, general and administrative, and other services. As required by accounting principles generally accepted in the United States of America, these financial statements present the City and its component units. Component units are legally separate entities that meet any one of the following three tests:

1. The City appoints the voting majority of the board of the potential component unit and is able to impose its will on the component unit and/or is in a relationship of financial benefit or burden with the potential component unit.

2. The potential component unit is fiscally dependent upon the City.

3. The financial statements would be misleading if data from the potential component units were not included.

Component units are legally separate entities. However, the City Council serves in separate sessions as the governing body of these related agencies and they are, in substance, part of the City’s operations, so data from these units are combined with data of the City. Based on the above criteria, the accompanying financial statements include the financial activities of the entities listed below.

528
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-36-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (Continued)

A) Reporting Entity, (Continued)

Blended Component Units

The Murrieta Financing Authority (the Authority) was formed on March 1, 1993, by a joint powers agreement between the City and the Redevelopment Agency of the City of Murrieta (the Agency). The City appoints the voting majority of the board and the City has operational responsibility for the Authority. It was created for the purpose of assisting in the financing and refinancing of certain redevelopment activities of the Agency and certain public programs and projects of the City and for the purpose of aiding in the financing and refinancing of public capital improvements. The operations of the Authority are reported as a debt service fund.

The Murrieta Fire Protection District (MFPD) was an independent (self-governed) special district formed pursuant to the State of California Health and Safety Code commencing with Section 13800, for the purpose of providing fire protection services. Effective July 1, 1993, the MFPD was reorganized as a subsidiary district of the City of Murrieta. The MFPD continues to operate as a special district under the same Health and Safety Code provisions. As a subsidiary district, the City Council of the City of Murrieta now serves as MFPD’s governing Board of Directors and the City has operational responsibility for the District. The operations of the MFPD are reported as a special revenue fund.

On June 25, 1992, the Board of Supervisors of the County of Riverside adopted Resolution No. 50 90 to form the Murrieta Community Services District (MCSD) as a subsidiary of the City of Murrieta and detach the area within the City boundaries from the county service area (CSA143). The formation of MCSD and the detachment from CSA143 were effective on July 1, 1993. As a subsidiary district, the City Council of the City of Murrieta now serves as the District’s governing Board of Directors and the City has operational responsibility for the District. The operations of the Community Services District are reported as a special revenue fund.

The Murrieta Public Library’s (the Library) board was established on February 17, 1998, by City Ordinance 185. The City provides for the Murrieta public library system and adopted the provisions of an act of the legislature of the state of California entitled “Municipal Libraries” as set forth in Education Code Section 18900 et seq. regarding the regulation and maintenance of a public library system. The City Council of the City of Murrieta now serves as the Library’s governing Board of Directors and the City has operational responsibility for the Library. The operations of the Murrieta Public Library are reported as a special revenue fund.

On April 5, 2011, the City established the Murrieta Housing Authority (the Housing Authority).

The majority of the Housing Authority’s activities began when it became the successor housing entity to the former Murrieta Redevelopment Agency. The City Council of the City of Murrieta serves as the governing Board of Directors and the City has operational responsibility for the Housing Authority. The operations of the Housing Authority are reported as a special revenue fund.

Separate financial statements are not prepared for the component units. 529
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-37-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (Continued)

B) Government-Wide and Fund Financial Statements

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the primary government and its component units. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities that rely, to a significant extent, on fees and charges for support. Certain eliminations have been made as prescribed by Governmental Accounting Standards Board (GASB) Statement No. 34 in regard to interfund activities, payables, and receivables. All internal balances in the statement of net position have been eliminated. In the statement of activities, all interfund services have been eliminated.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include (1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment, and (2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not included among program revenues are reported instead, as general revenues.

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

Separate financial statements for the City’s governmental, proprietary, and fiduciary funds are presented after the government-wide financial statements. These statements display information about major funds individually and other governmental and proprietary funds in the aggregate for nonmajor funds. Fiduciary fund statements, even though excluded from the government-wide financial statements, include financial information for private-purpose trust funds and custodial funds.

C) Basis of Accounting and Measurement Focus

The accounting and financial reporting treatment is determined by the applicable measurement focus and basis of accounting. Measurement focus indicates the type of resources being measured such as current financial resources or economic resources. The basis of accounting indicates the timing of transactions or events for recognition in the financial statements.

530
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-38-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (Continued)

C) Basis of Accounting and Measurement Focus, (Continued)

The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund and fiduciary funds financial statements. Under the economic resources measurement focus, all assets, deferred outflows of resources, liabilities, and deferred inflows of resources (whether current or noncurrent) associated with their activity are included on their statements of net position. Operating statements present increases (revenues) and decreases (expenses) in total net position. Under the accrual basis of accounting, revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

The City’s fiduciary fund financial statements report custodial fund and private purpose trust fund. Custodial funds are used to account for situations where the government’s role is purely custodial.

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

Noncurrent portions of long-term receivables due to governmental funds are reported on their balance sheets in spite of their spending measurement focus.

Under the modified accrual basis of accounting, revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting.

However, debt service expenditures, as well as expenditures related to compensated absences, claims and judgments, are recorded only when payment is due. Property taxes, franchise taxes, licenses and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the government.

531
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-39-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (Continued)

C) Basis of Accounting and Measurement Focus, (Continued)

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 general government, except those required to be accounted for in another fund.

The Fire District Special Revenue Fund accounts for proceeds of property taxes and other sources that are restricted by law or administrative action to expenditures for the operation of the City’s fire stations.

The Federal Grants Special Revenue Fund accounts for revenues and expenditure made under federal grant programs.

The Development Impact Capital Projects Fund accounts for developer contributions and other revenue sources that are restricted by law or administrative action to expenditures for development purposes.

The 2016A LARB Debt Service Fund accounts for the accumulation of resources for, and the payment of principal, interest and related costs on the 2016 Local Agency Refunding Bonds Series A.

The City also reports the following fund types:

Governmental Fund Types

Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than special assessments, expendable trusts, or major capital projects) that are restricted to expenditures for special purposes.

Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of major facilities other than those financed by Proprietary, Special Assessment and/or Trust Funds.

Debt Service Funds are used to account for the accumulation of resources for, and the payment of, long-term debt principal, interest and related costs other than those being financed by proprietary funds.

Proprietary Fund Types

Internal Service Funds – These funds account for goods and services provided by one City department to other City departments or agencies. These activities include self- insurance and information technology.

532
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-40-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (Continued)

C) Basis of Accounting and Measurement Focus, (Continued)

Fiduciary Fund Types

The Private-Purpose Trust Fund is used to account for the balances and transactions of the Successor Agency to the Murrieta Redevelopment Agency (Successor Agency). The Successor Agency private purpose trust fund accounts for the assets and liabilities of the former redevelopment agency and its allocated revenue to pay estimated installment payments of enforceable obligations until the obligations of the former redevelopment agency are paid in full and assets have been liquidated.

Custodial funds are used to report fiduciary activities that are not required to be reported in private-purpose trust funds. The City uses the custodial fund to account for various assessment districts for which the City acts as an agent for debt service activity.

Proprietary funds distinguish operating revenues and expenses from nonoperating items.

Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with proprietary fund’s principal ongoing operations.

The principal operating revenues of the City’s internal service funds are charges to funds for services. Operating expenses for the internal service funds include the costs of sales and services, maintenance of capital assets, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.

The City’s internal service funds are presented in the proprietary fund financial statements.

Because the principal users of the internal services are the City’s governmental activities, the financial statements of the internal service funds are consolidated in the governmental activities column when presented in the governmentwide financial statements. To the extent possible, the cost of these services is reported in the appropriate functional activity (general government, public safety, community development, etc.).

D) Implementation of New Accounting Pronouncements

For the year ended June 30, 2023, the financial statements include the adoption of GASB Statement No. 96, Subscription-Based Information Technology Arrangements . This Statement provides guidance on the accounting and financial reporting for subscription-based information technology arrangements (SBITAs) for government end users. Under this Statement, a lessee is required to recognize a SBITA liability and an intangible right-to-use lease asset. For additional information, refer to the disclosures for capital assets and long- term liabilities.

For the year ended June 30, 2023, the financial statements include the adoption of GASB Statement No. 101, Compensated Absences. The objective of this Statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences.
533
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-41-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (Continued)

E) Cash and Investments

Investments for the City, as well as for its component units, are reported at fair value. The State Treasurer’s Investment Pool operates in accordance with appropriate state laws and regulations. The reported value of the pool is the same as the fair value of the pool shares.

For purposes of the statement of cash flows, cash equivalents represent demand deposits of proprietary funds held in financial institutions or in cash management pools where funds can be added or withdrawn at any time without prior notice or penalty and cash equivalents are highly liquid investments with a maturity of three months or less from the date of purchase.

F) Receivables and Payables

Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the noncurrent portion of the interfund loans). All other outstanding balances between funds are reported as “due to/from other funds.”

Advances between funds, as reported in the fund financial statements, are offset by a nonspendable fund balance account in the general fund to indicate that they are not available for appropriation and are not expendable available financial resources.

All trade and property tax receivables are shown net of an allowance for uncollectibles.

Property tax revenue is recognized in the fiscal year for which the taxes have been levied providing they become available. Available means when due, or past due and receivable within the current period and collected within the current period or expected to be collected soon enough thereafter (not to exceed 60 days) to be used to pay liabilities of the current period. The County of Riverside collects property taxes for the City. Tax liens attach annually as of 12:01 a.m. on the first day in January preceding the fiscal year for which the taxes are levied. The tax levy covers the fiscal period July 1 to June 30. All secured personal property taxes and one-half of the taxes on real property are due November 1; the second installment is due February 1. All taxes are delinquent, if unpaid, on December 10 and April 10, respectively. Unsecured personal property taxes become due on the first of March each year and are delinquent on August 31.

G) Inventories and Prepaid Items

All inventories are valued at cost using the first-in/first-out (FIFO) method. Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

The cost of prepaid items is recorded as expenditures/expenses when consumed rather than when purchased.

534
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-42-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (Continued)

H) Restricted Assets

Certain proceeds of debt issues, as well as certain resources set-aside for their repayment, are classified as restricted assets in the financial statements because their use is limited by applicable bond covenants.

I) Capital Assets and Right-to-Use Leased Assets

Capital assets, which include property, plant, equipment, right-to-use leased assets and infrastructure assets (e.g., roads, bridges, sidewalks, and similar items), are reported in the Governmental Activities column of the government-wide and proprietary fund financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of one year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets received are recorded at acquisition value as of the date received. Right-to-use lease/subscription assets, which include equipment and vehicles, follow the same capitalization thresholds as capital assets. Right-to-use lease/subscription assets are recorded at the amount of the initial measurement of the lease/subscription liabilities and modified by any lease/subscription payments made to the lessor at or before the commencement of the lease term.

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

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

Buildin
gs and improvements 20 to 50 years
Equipment 5 to 20 years
Furniture and fixtures 10 to 20 years
Infrastructure 20 to 50 years

J) Deferred Outflows/Inflows of Resources

In addition to assets, the statement of net position and the governmental funds balance sheet will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to future periods and will not be recognized as an outflow of resources (expense/expenditure) until that time. The City has the following items that qualify for reporting in this category:

x Deferred loss on refunding, net of accumulated amortization. A deferred loss on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt.

535
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-43-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (Continued)

J) Deferred Outflows/Inflows of Resources, (Continued)

x Deferred outflows related to pensions and other postemployment benefits (OPEB) equal to employer contributions made after the measurement date of the net pension liability and OPEB liability. These amounts will be recognized in the next fiscal year.

x Deferred outflows related to pensions and OPEB for differences between expected and actual experience. These amounts are amortized over a closed period equal to the average of the expected remaining service lives of all employees that are provided with pensions and OPEB through the plans.

x Deferred outflows from OPEB resulting from changes in assumptions. These amounts are amortized over a closed period equal to the average expected remaining service lives of all employees that are provided with OPEB through the plans.

x Deferred outflows related to pensions for the changes in employer’s proportion and differences between the employer’s contributions and the employer’s proportionate share of contributions. These amounts are amortized over a closed period equal to the average of the expected remaining service lives of all employees that are provided with pensions through the plans.

In addition to liabilities, the Statement of Net Position and the Governmental Funds Balance Sheet will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net asset that applies to future periods and will not be recognized as an inflow of resources (revenue) until that time. The City has the following items that qualify for reporting in this category:

x Deferred inflows from unavailable revenues, which arises only under a modified accrual basis of accounting, is reported only in the governmental funds balance sheet.

The governmental funds report unavailable revenues from three sources, which are taxes, interest, and grants. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available.

x Deferred inflows from lease receivable is initially measured at the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflow of resources is recognized as revenue over the life of the lease term.

x Deferred inflows related to OPEB for differences between expected and actual experience. These amounts are amortized over a closed period equal to the average of the expected remaining service lives of all employees that are provided with OPEB through the plans.

x Deferred inflows from pensions and OPEB resulting from changes in assumptions.

These amounts are amortized over a closed period equal to the average expected remaining service lives of all employees that are provided with pensions and OPEB through the plans.
536
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-44-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (Continued)

J) Deferred Outflows/Inflows of Resources, (Continued)

x Deferred inflows related to pensions for the changes in proportion and differences between the employer’s contributions and the employer’s proportionate share of contributions. These amounts are amortized over a closed period equal to the average of the expected remaining services lives of all employees that are provided with pensions through the plans.

x Deferred inflows related to pensions and OPEB resulting from the net differences between projected and actual earnings on plan investments of the pension and OPEB plans’ fiduciary net position. These amounts are amortized over five years.

K) Lease Receivable

The City measures lease receivable at the present value of lease payments expected to be received during the lease term. Interest revenue is recognized ratably over the contract term.

L) Unearned Revenue

Unearned revenues are reported in connection with resources that have been received but not yet earned.

M) Compensated Absences

All vacation and sick leave pay is accrued when incurred in the government-wide and proprietary fund financial statements. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements.

Murrieta has six employee bargaining groups, and each group has its own Memorandum of Understanding (MOU). Management is unrepresented and has a compensation plan. All MOUs or plans provide for annual leave (used for both vacation and sick leave) or vacation leave when taken, with a cash-out of unused/accrued leave upon termination.

Maximum accrual limits for each MOU or plan are:

Murrieta General Employees Association (MGEA) 544 Hours Murrieta Police Officers Association (MPOA) 544 Hours
Murrieta Police Management Association (MPMA) 544 Hours Murrieta Supervisors Association
Management/Confidential (M/C):
594 Hours
Confidential 644 Hours
At-will Employees 1,000 Hours

537
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-45-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (Continued)

M) Compensated Absences, (Continued)

The Murrieta Firefighters Association (MFA) and Murrieta Fire Management Association (MFMA) 24 hour battalion chiefs’ vacation leave maximum accruals are limited to the equivalent of two years’ accrual (annual accruals vary with longevity of employee). MFMA 40- hour battalion chiefs’ maximum annual leave accrual is limited to 644 hours.

Sick leave is payable when an employee is unable to work because of illness. Employees with continuous employment of five years or more may receive a payment of 25% of unused sick leave when they resign or retire at the then rate of compensation. Employees with continuous employment over 10 years may receive a payment of 50% of the unused sick leave when they resign or retire at the then rate of compensation. Police management employees with continuous employment over 15 years may receive a payment of 75% of the unused sick leave when they resign or retire.

The liability for compensated absences will be paid in future years from the Fire, Library, Community Services District, Information Technology, and General Funds.

N) Long-Term Obligations

Long-term debt and other long-term obligations are reported as liabilities in the governmental activities and proprietary fund statements of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount.

In the governmental fund financial statements, governmental fund types recognize bond premiums and discounts during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses.

O) Net Position Flow Assumption

Sometimes the City will fund outlays for a particular purpose from both restricted and unrestricted resources. It is the City’s policy to consider restricted net position to have been depleted before unrestricted net position.

P) Fund Balances

In the fund financial statements, governmental funds report the following fund balance classification:

Nonspendable Fund Balance – Amounts that cannot be spent either because they are in nonspendable form or are required to be maintained intact.

Restricted Fund Balance – Amounts that are constrained to specific purposes by state or federal laws, or externally imposed conditions by grantors or creditors. 538
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-46-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (Continued)

P) Fund Balances (Continued)

Committed Fund Balance – The City Council, as the City’s highest level of decision-making authority, may commit fund balance for specific purposes pursuant to constraints imposed by resolution. These committed amounts cannot be used for any other purpose unless the City Council removes or changes the specified use through the same type of formal action taken to establish the commitment. City Council action to commit fund balance needs to occur within the fiscal reporting period; however, the amount can be determined subsequently.

Assigned Fund Balance – Amounts that are constrained by the City’s intent to be used for specific purposes, but are neither restricted nor committed, should be reported as assigned fund balance. The City’s fund balance policy delegates the authority to assign amounts to be used for specific purposes to the City Manager or designee for the purpose of reporting these amounts in the annual financial statements.

Unassigned Fund Balance – These are either residual positive net resources of fund balance in excess of what can properly be classified in one of the other four categories, or negative balances. The General Fund is the only fund that reports a positive unassigned fund balance.

When an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available, the City considers restricted funds to have been spent first. When an expenditure is incurred for which committed, assigned, or unassigned fund balance are available, the City considers amounts to have been spent first out of committed funds, then assigned funds, and finally unassigned funds, as needed, unless the governing board has provided otherwise in its commitment or assignment actions.

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.

R) Postemployment Benefits Other Than Pensions

For purposes of measuring the net OPEB liability and deferred outflows/inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the City’s OPEB plans and additions to/deductions from the OPEB plans’ fiduciary net position have been determined on the same basis as they are reported by the plans. For this purpose, the City’s OPEB plans recognizes benefit payments when due and payable in accordance with the benefit terms. Investments are reported at fair value.

539
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-47-
1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (Continued)

S) Use of Estimates

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

2) STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY

Deficit Fund Balances

The following funds had deficit fund balances at June 30, 2023:

Deficits
Federal Grants Special Revenue Fund (233,072) $
Block Grants Special Revenue Fund (135,465)
Reimbursement Agreement Special Revenue Fund (19,450)
TUMF Special Revenue Fund (381,263)
Other Grants Special Revenue Fund (170,602)
Risk Management Internal Service Fund (6,727,904)

These deficits will be eliminated by future revenues or transfers from General Fund.

540
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-48-
2) STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY (Continued)

Expenditures in Excess of Appropriations

The following departments/funds reported expenditures in excess of appropriations at June 30, 2023:

Final Budget Actual
Variance with
Final Budget
General Fund:

City Council 221,048 $ 223,132 $ (2,084) Animal Control 433,830 480,309 (46,479) Emergency Services - 25,645 (25,645) Finance 2,622,370 2,697,161 (74,791) Police Communications 4,292,290 4,639,831 (347,541) Fire Operations 2,655,621 2,901,253 (245,632) Engineering 3,503,899 3,604,617 (100,718) Maintenance 952,332 1,099,592 (147,260) Federal Grants
Public Safety - 14,583 (14,583) Capital Outlay - 39,200 (39,200) State Gas Tax
Capital Outlay 118,153 634,094 (515,941) Measure A
Capital Outlay 110,798 877,315 (766,517) AQMD
Public Works 250 257 (7) Capital Outlay - 65,989 (65,989) Seized Assets Forfeitures
Debt Service - Principal 11,174 157,883 (146,709) Murrieta Public Library
Parks and Recreation 2,823,799 2,829,028 (5,229) Community Service District
Capital Outlay 40,000 45,958 (5,958) RMRA
Public Works - 42,956 (42,956) Capital Outlay 6,097 2,835,028 (2,828,931) Other Grants
General Government 700 191,835 (191,135) Capital Outlay 355,960 415,292 (59,332) Community Facilities District
Capital Outlay - 10,548 (10,548) South West Road and Bridge
Public Works 60 94 (34) City Wide DS
General Government - 6 (6) Debt Service - Principal 928,196 997,003 (68,807) 541
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-49-
3) CASH AND INVESTMENTS

As of June 30, 2023, cash and investments were reported in the accompanying financial statements:

Statement of Net Position
Cash and Investments 246,420,669 $
Restricted:

Cash and Investments with Fiscal Agent 5,712,423
Statement of Net Position Fiduciary Funds
Cash and Investments 4,355,530
Restricted:

Cash and Investments with Fiscal Agent 10,629,041
Total 267,117,663 $

Cash and investments as of June 30, 2023, consisted of the following:

Cash on hand 7,800 $
Deposits with Financial Institutions (724,086)
Investments 267,833,949
Total 267,117,663 $

Investments Authorized by the California Government Code and the City’s Investment Policy

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

542
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-50-
3) CASH AND INVESTMENTS, (Continued)

Authorized Investment Type
M aximum
Maturity
Percentage of
Portfolio
Investment in
One Issuer
United States Treasury Obligations 5 Years None None
United States Government Sponsored
Agency Securities 5 Years 30% 20%
Mortgage-Backed Securities 5 Years 20% 5%
Repurchase Agreements 1 Year 20% None
Commercial Paper 270 Days 25% 5%
Banker's Acceptances 180 Days 30% 5%
Medium Term Notes 5 Years 30% 5%
Supranational 5 Years 30% 10%
State of California Local Agency
Investment Fund (LAIF) None None None
California Local Agency Bonds 5 Years 30% 5%
Money Market Funds 5 Years 20% 10%
Mutual Funds 5 Years 20% 10%
Negotiable Certificates of Deposits 5 Years 30% 5%
Federally Insured Time Deposits
(Non-Negotiable Certificates of Deposits) 5 Years 20% None Collateralized Non- Negotiable
Certificates of Deposits 5 Years 20% None
Certificate of Deposit Placement
Service (CDARS) 5 Years 30% None
Collateralized Bank Deposits 5 Years None None

Investments Authorized by Debt Agreements

The above investments do not address investment of debt proceeds held by a bond trustee.

Investments of debt proceeds held by a bond trustee are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy.

Interest Rate Risk

Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flows and liquidity needed for operations. The City has elected to use the segmented time distribution method of disclosure for its interest rate risk. As of June 30, 2023, the City had the following investments and original maturities:

543
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-51-
3) CASH AND INVESTMENTS, (Continued)

6 Months
or Less
6 Months to 1
Year 1 to 3 Years 3 to 5 Years Total
U.S. Treasury Securities 1,954,532 $ 7,855,199 $ 35,230,798 $ 5,271,456 $ 50,311,985 $ Federal Agency Securities 12,735,285 3,911,334 10,770,815 2,291,199 29,708,633 Money Market Mutual Fund 107,312,023 - - - 107,312,023 LAIF 26,010,356 - - - 26,010,356 Commercial Paper 7,286 - 6,423,049 409,943 6,840,278 Medium-Term Notes 3,120,329 8,823,140 15,268,584 2,185,286 29,397,339 Supranational 735,121 - 1,493,308 - 2,228,429 Cash with Fiscal Agent:

Money Market Mutual Fund 16,024,906 - - - 16,024,906 Total 167,899,838 $ 20,589,673 $ 69,186,554 $ 10,157,884 $ 267,833,949 $ Remaining Investment Maturities

Credit Risk

Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization.

Presented below is the minimum rating required by (where applicable) the California Government Code, the City’s investment policy, or debt agreements, and the actual rating, by Standard & Poor’s, as of fiscal year end for each investment type.

Total
Minimum
Legal Rating AAA AA+ Other
Exempt/
Not Related
U.S. Treasury Securities 50,311,985 $ N/A - $ 50,311,985$ - $ - $ Federal Agency Securities 29,708,633 N/A 1,178,988 22,852,026 - 5,677,619 Money Market Mutual Fund 107,312,023 AAA 105,321,635 - 1,925,211 65,177 LAIF 26,010,356 N/A - - - 26,010,356 Medium-Term Notes 6,840,278 A 4,653,077 - - 2,187,201 Commercial paper 29,397,339 A 1,822,024 1,696,187 25,879,128 - Supranational 2,228,429 AA 2,228,429 - - - Cash with Fiscal Agent:

Money Market Mutual Funds 16,024,906 AAA 16,024,906 - - - Total 267,833,949 $ 131,229,059 $ 74,860,198 $ 27,804,339 $ 33,940,353 $ Ratings as of Fiscal Year End

The actual ratings for the “Other” category above are as follows:

A A+ A- AA- AA Total
Medium-Term Notes 11,005,866 $ 6,365,799 $ $3,557,569 $3,756,441 1,193,453 $ 25,879,128 $ AA A BBB Below B Total
Money Market Mutual Fund 272,407 $ 774,369 $ 841,706 $ 36,729 $ 1,925,211$

The City’s investment policy imposes restrictions on percentages that the City can invest in certain types of investments and with any one issuer for certain types of investments. GASB 40 requires a separate disclosure if any single issuer comprises more than 5% of the total investment value. As of June 30, 2023, the City’s did not have investments in any one issuer that exceed 5% of its total investments.

544
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-52-
3) CASH AND INVESTMENTS, (Continued)

Custodial Credit Risk

The 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 deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of investment or collateral securities that are in the possession of an outside party. The California Government Code requires California banks and savings and loan associations to secure the City’s deposits by pledging government securities with a value of 110% of a City’s deposits. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of a City’s total deposits. The City Treasurer may waive the collateral requirement for deposits, which are fully insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC). The collateral for deposits in federal and state-chartered banks is held in safekeeping by an authorized Agent of Depository recognized by the state of California Department of Banking. The collateral for deposits with savings and loan associations is generally held in safekeeping by the Federal Home Loan Bank in San Francisco, California, as an Agent of Depository.

These securities are physically held in an undivided pool for all California public agency depositors. Under Government Code Section 53655, the placement of securities by a bank or savings and loan association with an “Agent of Depository” has the effect of perfecting the security interest in the name of the local governmental agency. Accordingly, all collateral held by California Agents of Depository is considered to be held for, and in the name of, the local governmental agency.

Investments in State Investment Pool

The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the state of California. 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.

545
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-53-
3) CASH AND INVESTMENTS, (Continued)

Fair Value Measurements

The City categorizes its fair value measurement within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the relative inputs used to measure the fair value of the investments. Level 1 inputs are quoted prices in active markets for identical assets, Level 2 inputs are quoted prices of similar assets in active markets and Level 3 inputs are significant unobservable inputs. The City has the following recurring fair value measurements as of June 30, 2023:

Quoted Prices
Level 1
Observable Inputs
Level 2
Unobservable
Inputs
Level 3 Total
U.S. Treasury Securities - $ 50,311,985$ - $ 50,311,985$ Federal Agency Securities - 29,708,633 - 29,708,633 Medium-Term Notes - 6,840,278 - 6,840,278 Commercial Paper - 29,397,339 - 29,397,339 Supranational - 2,228,429 - 2,228,429 Total Leveled Investments - $ 118,486,664$ - $ 118,486,664 LAIF* 26,010,356
Money Market Mutual Funds * 123,336,929
Total Investment Portfolio 267,833,949$
*Not subject to fair value measurements.

4) LOANS RECEIVABLE

In October 2020, the City sold property that resulted in a note receivable of $4,500,000 due to the City. $2,400,000 of the note is payable in monthly interest and principal payment of $17,957 and bears interest at 4.25% per annum. Each monthly payment is due on the first day of each calendar month. The remining $2,100,000 of the note is paid by sales tax generated by and directly attributable to business owned or operated by the borrower, or owned or operated by an affiliate of the borrower, which are located on the property. The balance of this note as of June 30, 2023, is $3,548,760.

In February 2004, the former Murrieta Redevelopment Agency (Agency) entered into a Participation Agreement with a California limited partnership for the development, construction and operation of a 64-unit apartment complex of which units shall be available to qualified low and moderate income tenants. Under the terms of the agreement, the Agency loaned $610,046 of its low and moderate income housing funds toward the actual cost for the development, construction, and operation of the project. The loan is for a term of not more than fifty-five years and bears interest at a rate of one percent (3%).

The agreement is secured by a deed of trust on the property. Due to the dissolution of redevelopment agencies by AB 26x1, the Housing Authority assumed responsibility of the Agency notes receivable. The balance of the loan outstanding at June 30, 2023 was $534,674.

Payments on the note are based on a percentage of residual receipts as defined in the agreement. Any unpaid balance is due and payable at the maturity date. 546
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-54-
4) LOANS RECEIVABLE (Continued)

In April 2010, the former Murrieta Redevelopment Agency (Agency) entered into a Disposition and Development Agreement (DDA) with a developer for the development, construction and operation of 40 units which shall be rented exclusively to extremely low income, very low income and low income households. As part of the DDA, the Developer promised to pay the Agency $2,222,222 and is evidenced by a nonrecourse residual receipts promissory note.

The loan is for a term of not more than fifty-five years and bears interest at a rate of one percent (3%). The agreement is secured by a deed of trust on the property. Due to the dissolution of redevelopment agencies by AB 26x1, the Housing Authority assumed responsibility of the Agency notes receivable. The principal balance of the loan outstanding at June 30, 2023 was $2,222,222. Payments on the loan are based on a percentage of the Partnership’s surplus cash as defined in the agreement. Any unpaid balance is due and payable at the maturity date.

In June of 2023, the Murrieta Housing Authority finalized an agreement with National Community Renaissance of California (National CORE) to a loan using ARPA funds of $1,500,000 and a Housing Authority Loan for $6,142,807. These loans provide financing for the construction of affordable housing on the property known as 24960 Adams Avenue in the City of Murrieta. Both loans are for a term of not more than sixty-five years and bears interest at a rate of one percent (3%). The Housing Authority Note is secured by the Housing Successor Deed of Trust. As of June 1, 2023, only $6,142,807 was loaned to National CORE, the ARPA Loan will be executed when National CORE enters Phase Two of the Project.

Payments on the loan are based on a percentage of the Partnership's surplus cash as defined in the agreement under the Housing Successor's Share of Residual Receipts. Any unpaid balance is due and payable at the maturity date. All payments applied to this Note will be applied first to penalties and late fees, then to interest, then to reduce the principal amount owed. As of June 30, 2023, the principal balance of the loan outstanding is $6,142,807.

Housing loans receivable of $54,214 in the Housing Authority Special Revenue Fund consist of various low-interest home loans made to low-income families.

547
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-55-
5) LEASE RECEIVABLE

The City, acting as lessor, leases land under long-term, noncancelable lease agreements.

The leases expire at various dates through 2055 and provide various renewal options. During the year ended June 30, 2023, the City recognized $118,311 and $77,703 in lease revenue and interest revenue, respectively, pursuant to these contracts.

Certain leases provide for increases in future minimum annual rental payments based on defined increases in the Consumer Price Index, subject to certain minimum increases.

Total future minimum lease payments to be received under lease agreements are as follows:

Year Ending June 30, Principal Interest Total
2024 125,413 $ 75,595 $ 201,008 $ 2025 132,141 73,334 205,475 2026 117,598 70,985 188,583 2027 101,468 68,740 170,208 2028 109,227 66,427 175,654 2029 - 2033 673,523 290,913 964,436 2034 - 2038 706,526 210,035 916,561 2039 - 2043 602,733 129,265 731,998 2044 - 2048 264,519 78,010 342,529 2049 - 2053 338,919 39,261 378,180 2054 - 2055 124,862 2,717 127,579 Totals 3,296,929 $ 1,105,282 $ 4,402,211 $

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548
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-56-
6) CAPITAL ASSETS

Capital asset activity for the year ended June 30, 2023, is as follows:

Governmental Activities
Beginning
Balance Additions Deletions Transfers
Ending
Balance
Capital Assets, not being- depreciated:

Land 178,561,254 $ - $ - $ - $ 178,561,254$ Construction in progress 8,311,886 9,296,596 - (6,771,142) 10,837,340 Total capital assets, not being depreciated 186,873,140 9,296,596 - (6,771,142) 189,398,594 Capital assets being depreciated:

Buildings and improvements 58,416,137 - - 558,254 58,974,391 Improvements to land 3,328,592 - - - 3,328,592 Parkland improvements 36,525,113 50,605 - 497,307 37,073,025 Equipment 37,212,499 1,285,002 (515,134) 1,880,720 39,863,087 Infrastructure 403,356,837 - - 3,834,861 407,191,698 Right-to-use leases 1,662,705 493,409 - - 2,156,114 Right-to-use subscriptions - 683,956 - - 683,956 Total capital assets being depreciated 540,501,883 2,512,972 (515,134) 6,771,142 549,270,863 Less: accumulated depreciation:

Buildings and improvements 26,097,765 1,465,157 - - 27,562,922 Improvements to land 1,489,137 116,748 - - 1,605,885 Parkland improvements 18,221,998 2,209,667 - - 20,431,665 Equipment 23,020,102 2,620,311 (399,679) - 25,240,734 Infrastructure 204,763,266 10,776,664 - - 215,539,930 Less: accumulated amortization:

Right-to-use leases 239,339 384,114 - - 623,453 Right-to-use subscriptions - 218,041 - - 218,041 Total accumulated depreciation and amortization 273,831,607 17,790,702 (399,679) - 291,222,630 Total capital assets being depreciated, net 266,670,276 (15,277,730) (115,455) 6,771,142 258,048,233 Government activities capital assets, net 453,543,416$ (5,981,134) $ (115,455) $ - $ 447,446,827$

Depreciation and amortization expense was charged to functions/programs of the primary government as follows:

Governmental Activities:

General Government 851,672 $
Public Safety 2,530,947
Community Development 54,949
Parks and Recreation 2,674,870
Public Works 11,151,752
Internal Service Fund 526,512
Total Depreciation and Amortization Expense 17,790,702$

549
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-57-
7) LONG-TERM LIABILITIES

The following is a schedule of changes in long-term liabilities of the City for the fiscal year ended June 30, 2023:

Beginning
Balance Additions Deletions
Ending
Balance
Due Within
One Year
Other Debt:

Lease Revenue Refunding
Bonds, Series 2020A 3,215,000 $ - $ (595,000)$ 2,620,000 $ 615,000 $ Premium 357,388 - (73,942) 283,446 - Local Agency Revenue
Bonds, Series 2016B 6,890,000 - (420,000) 6,470,000 430,000 Local Agency Revenue
Bonds, Series 2022 29,075,000 - (1,655,000) 27,420,000 2,190,000 Premium 2,612,562 - (217,713) 2,394,849 - Private Placement:

Local Agency Revenue
Bonds, Series 2016A 38,210,000 - (2,310,000) 35,900,000 2,390,000 Direct Borrowings
Note payable 6,032,183 - (638,594) 5,393,589 657,450 Lease Liability 1,354,046 493,409 (355,152) 1,492,303 395,909 Subscription Liability - 639,900 (211,394) 428,506 199,842 Other Long-Term Liabilities:

Claims and Judgments 9,991,726 3,372,569 (57,924) 13,306,371 2,150,111 Compensated Absences 5,949,464 843,210 - 6,792,674 1,285,286 Total Long-Term Debt 103,687,369 $ 5,349,088 $ (6,534,719) $ 102,501,738 $ 10,313,598 $

Lease Revenue Bonds, Series 2020

On February 27, 2020, the Murrieta Financing Authority issued $3,790,000 of Lease Refunding Bonds, Series 2020A to advance refund the 2007 Certificates of Participation. The bonds consist serial bonds with annual maturity dates from May 1, 2022 through May 1, 2027, with interest rates ranging from .89% to 1.100%. Interest is payable semiannually beginning May 1, 2020. The Bonds have no reserve requirement. The balance outstanding on the Bonds at June 30, 2023 was $2,620,000.

The following is a schedule by years of future minimum debt service requirements as of June 30, 2023:

Year Ending June 30, Principal Interest Total
2024 615,000 $ 104,800 $ 719,800 $ 2025 640,000 80,200 720,200 2026 670,000 54,600 724,600 2027 695,000 27,800 722,800 Totals 2,620,000 $ 267,400 $ 2,887,400 $

550
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-58-
7) LONG-TERM LIABILITIES, (Continued)

2016 Local Agency Refunding Bonds Series B

On June 2, 2016, the Murrieta Financing Authority issued $8,850,000 Local Agency Refunding Bonds 2016 Series B (the “2016B Bonds”). The 2016B Bonds were issued to (i) acquire $3,195,000 City of Murrieta Community Facilities District No. 2004-1 (“CFD 2004-1”) 2016 Special Tax Refunding Bonds; $1,810,000 Community Facilities District 2004-2 (“CFD 2004- 2”) 2016 Special Tax Refunding Bonds; and $3,845,000 Community Facilities District 2004-3 (“CFD 2004-3”) 2016 Special Tax Refunding Bonds, – (collectively, the “Local Obligations” or the “Districts”), (ii) to purchase a municipal bond insurance policy from Build America Mutual Assurance Company guaranteeing the scheduled payment of principal and interest on the Bonds maturing on and between September 1, 2028 and September 1, 2035, inclusive, and (iii) to purchase a debt service reserve insurance policy relating to the Bonds.

The 2016B Bonds are special obligations of the Authority secured and payable solely from pledged Special Tax Revenues derived by Special Taxes (“Special Taxes”) collected by the Districts from real property within their boundaries and other amounts held under the Fiscal Agent Agreement. The 2016B Bonds are not a debt or liability of the City, the State of California, or any of its political subdivisions and neither the City, the State of California, nor any of its political subdivisions is liable. The Bonds do not constitute indebtedness within the meaning of any constitutional or statutory debt limit or restriction.

Principal ranges from $345,000 to $595,000 maturing annually through September 1, 2035.

The bonds bear interest at rates ranging from 2.0% to 5.0%, due semiannually on March 1 and September 1.

The following is a schedule by years of future minimum debt service requirements as of June 30, 2023:

Year Ending June 30, Principal Interest Total
2024 430,000 $ 200,087 $ 630,087 $ 2025 435,000 191,438 626,438 2026 445,000 182,637 627,637 2027 455,000 166,813 621,813 2028 475,000 143,562 618,562 2029 - 2033 2,655,000 481,819 3,136,819 2034 - 2036 1,575,000 64,875 1,639,875 Totals 6,470,000 $ 1,431,231 $ 7,901,231 $

551
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-59-
7) LONG-TERM LIABILITIES, (Continued)

2022 Local Agency Refunding Bonds

On May 12, 2022, the Murrieta Financing Authority issued $29,075,000 Local Agency Refunding Bonds 2022 (the “2022 Bonds”). The 2022 Bonds were issued to (i) acquire $6,710,000 City of Murrieta Community Facilities District No. 2000-1 (“CFD 2000-1”) 2022 Special Tax Refunding Bonds; $4,180,000 Community Facilities District 2001-1 Area A (“CFD 2001-1 A”) 2022 Special Tax Refunding Bonds; $3,170,000 Community Facilities District 2001-1 Area B (“CFD 2001-1 B”) 2022 Special Tax Refunding Bonds, $11,945,000 Community Facilities District No. 2003-1 (“CFD 2003-1”) 2022 Special Tax Refunding Bonds and $3,070,000 Community Facilities District No. 2003-2 (“CFD 2003-2”) 2022 Special Tax Refunding Bonds – (collectively, the “Local Obligations” or the “Districts”), (ii) to purchase a municipal bond insurance policy from Build America Mutual Assurance Company guaranteeing the scheduled payment of principal and interest on the Bonds when due, (iii) to purchase a debt service reserve insurance policy relating to the Bonds to satisfy 50% of the reserve requirement, and (iv) to fund a cash deposit to the reserve fund for the remaining 50% of the reserve requirement. The Local Obligations, together with certain available funds on hand, were issued to refund 2012 Local Agency Bonds.

The 2022 Bonds are special obligations of the Authority secured and payable solely from pledged Special Tax Revenues derived by Special Taxes (“Special Taxes”) collected by the Districts from real property within their boundaries and other amounts held under the Fiscal Agent Agreement. The 2022 Bonds are not a debt or liability of the City, the State of California, or any of its political subdivisions and neither the City, the State of California, nor any of its political subdivisions is liable. The Bonds do not constitute indebtedness within the meaning of any constitutional or statutory debt limit or restriction.

Principal ranges from $1,395,000 to $3,065,000 maturing annually through September 1, 2034. The bonds bear interest at rates ranging from 4.0% to 5.0%, due semiannually on March 1 and September 1.

The following is a schedule by years of future minimum debt service requirements as of June 30, 2023:

Year Ending June 30, Principal Interest Total
2024 2,190,000 $ 1,305,300 $ 3,495,300 $ 2025 2,290,000 1,204,250 3,494,250 2026 2,405,000 1,086,875 3,491,875 2027 2,520,000 963,750 3,483,750 2028 2,645,000 834,625 3,479,625 2029 - 2033 12,390,000 2,122,750 14,512,750 2034 - 2035 2,980,000 150,750 3,130,750 Totals 27,420,000 $ 7,668,300 $ 35,088,300 $

552
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-60-
7) LONG-TERM LIABILITIES, (Continued)

2016 Local Agency Refunding Bonds Series A

On January 20, 2016, the Murrieta Financing Authority issued $49,790,000 Local Agency Refunding Bonds 2016 Series A (the “2016A Bonds”). The 2016A Bonds were issued to (i) acquire $20,100,000 City of Murrieta Community Facilities District No. 2000-2 Area A (“CFD 2000-2 A”) 2016 Special Tax Refunding Bonds; $9,195,000 Community Facilities District 2000-2 Area B (“CFD 2000-2 B”) 2016 Special Tax Refunding Bonds, $14,865,000 Community Facilities District 2003-3 (“CFD 2003-3”) 2016 Special Tax Refunding Bonds, $1,980,000 Community Facilities District No. 2003-4 (“CFD 2003-4”) 2016 Special Tax Refunding Bonds, and $3,650,000 Community Facilities District No. 2005-1 (“CFD 2005-1”) 2016 Special Tax Refunding Bonds – (collectively, the “Local Obligations” or the “Districts”), and (ii) to fund a cash deposit to the reserve fund for the reserve requirement. The 2016A Bonds were issued by a private sale through a placement agent.

The 2016A Bonds are special obligations of the Authority secured and payable solely from pledged Special Tax Revenues derived by Special Taxes (“Special Taxes”) collected by the Districts from real property within their boundaries and other amounts held under the Fiscal Agent Agreement. The 2016A Bonds are not a debt or liability of the City, the State of California, or any of its political subdivisions and neither the City, the State of California, nor any of its political subdivisions is liable. The Bonds do not constitute indebtedness within the meaning of any constitutional or statutory debt limit or restriction.

Principal ranges from $1,065,000 to $3,470,000 maturing annually through September 1, 2035. The bonds bear interest at rates ranging from 3.030% to 3.680%, due semiannually on March 1 and September 1.

The following is a schedule by years of future minimum debt service requirements as of June 30, 2023:

Year Ending June 30, Principal Interest Total
2024 2,390,000 $ 1,225,258 $ 3,615,258 $ 2025 2,465,000 1,145,887 3,610,887 2026 2,555,000 1,064,488 3,619,488 2027 2,630,000 981,174 3,611,174 2028 2,710,000 895,430 3,605,430 2029 - 2033 15,045,000 2,915,388 17,960,388 2034 - 2036 8,105,000 371,404 8,476,404 Totals 35,900,000 $ 8,599,029 $ 44,499,029 $

553
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-61-
7) LONG-TERM LIABILITIES, (Continued)

Notes Payable

On May 16, 2017, the City entered into purchase agreement to purchase CAD software. The agreement is payable in annual principal and interest payments of 208,663 through January 2024. The agreement bears an annual rate of 2.79%. The balance outstanding on the note payable at June 30, 2023, was $202,998. The following is a schedule by years of future minimum debt service requirements as of June 30, 2023:

Year Ending June 30, Principal Interest Total
2024 202,998 $ 5,664 $ 208,662$ Totals 202,998 $ 5,664 $ 208,662$

On December 19, 2017, the City entered into a purchase and sale agreement with Southern California Edison to acquire an estimated 6,424 streetlight poles (property) to allow for conversion of the current high-pressure sodium fixtures to energy efficient light-emitting diodes. On April 10, 2018, the City entered into a finance agreement with Banc of America Leasing and Capital LLC to finance the cost of acquiring the streetlight poles. On October 6, 2020, the City entered into a refinancing agreement with Banc of America to take advantage of lower interest rates. Payments are to be paid by the City on each June 1 and December 1 consist of principal and interest at a rate of 3.25% per annum. The balance outstanding on the lease payable at June 30, 2023, was $5,108,000. The following is a schedule by years of future minimum debt service requirements as of June 30, 2023:

Year Ending June 30, Principal Interest Total
2024 415,000 $ 162,646 $ 577,646 $ 2025 429,000 149,045 578,045 2026 443,000 134,989 577,989 2027 458,000 120,461 578,461 2028 473,000 105,437 578,437 2029 - 2033 2,606,000 284,523 2,890,523 2034 284,000 4,615 288,615 Totals 5,108,000 $ 961,716 $ 6,069,716 $

On May 21, 2020, the City entered into purchase agreement to purchase copiers. The agreement is payable in annual principal and interest payments of 40,029 through 2026. The agreement bears an annual rate of .8927%. The balance outstanding on the note payable at June 30, 2023, was $82,591. The following is a schedule by years of future minimum debt service requirements as of June 30, 2023:

554
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-62-
7) LONG-TERM LIABILITIES, (Continued)

Notes Payable (Continued)

Year Ending June 30, Principal Interest Total
2024 39,452 $ 576 $ 40,028$ 2025 39,806 223 40,029 2026 3,333 3 3,336 Totals 82,591 $ 802 $ 83,393$

Lease Liability

The City leases office equipment and vehicles for various terms under long-term, noncancelable lease agreements. The leases expire at various dates through 2031 and provide for renewal options up to one year. Underlying right-to-use leases and related amortization can be found in Note 6.

Total future minimum lease payments under lease agreements are as follows:

Year Ending June 30, Principal Interest Total
2024 395,909 $ 53,933 $ 449,842 $ 2025 320,025 35,914 355,939 2026 221,311 23,420 244,731 2027 190,543 13,843 204,386 2028 120,107 6,213 126,320 2029 - 2031 244,408 7,894 252,302 Totals 1,492,303 $ 141,217 $ 1,633,520 $

Subscription Liability

The City leases various subscription-based software, for various terms under long-term, noncancelable subscription agreements. The subscriptions expire at various dates through 2027. Total future minimum lease payments under the agreements are as follows:

Year Ending June 30, Principal Interest Total
2024 199,842 $ 9,645 $ 209,487$ 2025 213,797 5,153 218,950 2026 7,234 352 7,586 2027 7,633 181 7,814 Totals 428,506 $ 15,331 $ 443,837 $

Long-term liabilities are generally liquidated by the General Fund.

555
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-63-
7) LONG-TERM LIABILITIES, (Continued)

Fiduciary Fund

As of June 30, 2023, long-term debt is reported in a private-purpose trust fund due to the dissolution of redevelopment agencies by the state of California.

The following is a schedule of changes in long-term debt of the Successor Agency for the fiscal year ended June 30, 2023:

Beginning
Balance Additions Deletions
Ending
Balance
Due Within
One Year
Due Beyond
One Year
Other Debt:
2017 Series A 11,640,000$ - $ (740,000)$ 10,900,000 $ 765,000 $ 10,135,000$ Premium 1,003,534 - (76,218) 927,316 - 927,316 2017 Series B 21,705,000 - (885,000) 20,820,000 900,000 19,920,000 Discount (322,131) - 21,240 (300,891) - (300,891) Total 34,026,403 $ - $ (1,679,978)$ 32,346,425 $ 1,665,000 $ 30,681,425 $

On October 16, 2017, the Successor Agency to the Murrieta Redevelopment Agency issued $14,480,000 Tax Allocation Refunding Bonds, Series 2017 A. The Bonds were issued (i) to currently refund the outstanding principal balances of the Murrieta Redevelopment Project Tax Allocation Bonds of 2002 and Murrieta Redevelopment Project Tax Allocation Bonds of 2005, (ii) to purchase a municipal bond insurance policy and (iii) to pay certain issuance costs.

The Bonds bear interest at rates varying from 2% to 5%. Interest on the bonds is payable semiannually each February 1 and August 1 beginning February 1, 2018. The Bonds are due in annual installments from $545,000 to $1,105,000 through August 2035.

The Successor Agency to the Murrieta Redevelopment Agency is required by the 2017 A Tax Allocation Parity Bonds to maintain reserve funds of the lesser of (1) 125% average annual debt service, (2) maximum annual debt service, and (3) 10% original proceeds. As of the fiscal year ended June 30, 2023, this reserve requirement was met.

The following is a schedule by years of future minimum debt service requirements as of June 30, 2023:

Year Ending June 30, Principal Interest Total
2024 765,000 $ 416,131 $ 1,181,131 $ 2025 785,000 392,881 1,177,881 2026 815,000 360,731 1,175,731 2027 855,000 318,981 1,173,981 2028 895,000 275,231 1,170,231 2029 - 2033 5,100,000 749,646 5,849,646 2034 - 2036 1,685,000 79,739 1,764,739 Totals 10,900,000 $ 2,593,340 $ 13,493,340 $

556
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-64-
7) LONG-TERM LIABILITIES, (Continued)

On October 16, 2017, the Successor Agency to the Murrieta Redevelopment Agency issued $25,230,000 Tax Allocation Refunding Bonds, Series 2017 B. The Bonds were issued (i) to currently refund the outstanding principal balance of the Murrieta Redevelopment Project Tax Allocation Bonds of, (ii) to purchase a municipal bond insurance policy and (iii) to pay certain issuance costs. The bonds consist of $9,175,000 serial bonds with annual maturity dates from August 1, 2018 through August 1, 2027, with interest rates ranging from 1.60% to 3.25%, term bonds of $5,165,000 with an interest rate of 3.625% and annual maturity dates from August 1, 2028 through August 1, 2032 and term bonds of $5,615,000 with an interest rate of 3.75% and term bonds of $10,440,000 with annual maturity dates from August 1, 2033 through August 1, 2037. Interest is payable semiannually beginning February 1, 2018.

The Successor Agency to the Murrieta Redevelopment Agency is required by the 2017 B Tax Allocation Parity Bonds to maintain reserve funds of the lesser of (1) 125% average annual debt service, (2) maximum annual debt service, and (3) 10% original proceeds. As of the fiscal year ended June 30, 2023, this reserve requirement was met.

The following is a schedule by years of future minimum debt service requirements as of June 30, 2023:

Year Ending June 30, Principal Interest Total
2024 900,000 $ 723,662 $ 1,623,662 $ 2025 930,000 699,625 1,629,625 2026 950,000 672,588 1,622,588 2027 975,000 643,103 1,618,103 2028 1,010,000 611,457 1,621,457 2029 - 2033 5,615,000 2,481,039 8,096,039 2034 - 2038 10,440,000 1,061,438 11,501,438 Totals 20,820,000 $ 6,892,912 $ 27,712,912 $

8) INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS

Due To/From Other Funds

The following represents the composition of interfund balances as of June 30, 2023:

Due To Due From Amount
General Fund Federal Grants Special Revenue Fund 818,844 $ Nonmajor Governmental Funds 902,800
Total 1,721,644 $

These were the result of temporary deficit cash balances. The deficits are expected to be repaid when receivables are collected in the following fiscal year. 557
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-65-
8) INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS, (Continued)

Advances To/From Other Funds

The General Fund has advanced $245,000 to the Development Impact Fees Capital Projects Fund for construction of City facilities. The advance is expected to be repaid from future development fees collected over several years.

lnterfund Transfers
Transfers In General Fund Federal Grants
Development
Impact
Nonmajor
Governmental
Funds Total
General Fund - $ - $ - $ 8,805 $ 8,805 $ Fire District 2,863,920 - - - 2,863,920 Development Impact 28,917 - - - 28,917 Nonmajor Governmental Funds 2,478,427 1,500,000 34,668 1,156,446 5,169,541 Total 5,371,264 $ 1,500,000 $ 34,668 $ 1,165,251$ 8,071,183 $ Transfers Out

During the year, interfund transfers were made for purposes of financing administrative costs, capital improvements and repayment of debt. Specifically, the following transfers were made:

Non-Major Governmental Funds -Other Grants Fund transferred $8,805 to the General Fund as reimbursement for grant-eligible expenses.

The General Fund transferred $2,863,920 to the Fire District to augment the Fire District Fund budget to support the district's programs and services.

The General Fund transferred $28,917 to the Development Impact Fee Fund to support ongoing capital projects.

The General Fund transferred $1,696,112 to the Nonmajor Governmental Funds - Community Services District to offset programs and services provided by the CSD.

The General Fund transferred $61,541 to augment the Library District fund to support the district’s programs and services provided by the Library District.

The General Fund transferred $185,113 to the Non-Governmental Funds -CSD Zones and Lighting and Landscape Districts (LLD), to support the operations and maintenance of the LLDs.

The General Fund was transferred to the Non-Major Governmental Fund – Seized Assets Department of Justice, $83,696 for a prior-year reimbursement of capital lease payment.

The General Fund transferred $151,965 to the Nonmajor Governmental Funds – Citywide Debt Service Fund for debt service and $300,000 to the Nonmajor Governmental Funds – NPDES Special Revenue Fund to control pollutant discharges into surface waters.

The Federal American Rescue Plan Act (ARPA) Grant Funds transferred to the Housing Authority Fund $1,500,000 to fulfill a loan agreement associated with the construction of an affordable housing development.
558
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-66-
8) INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS, (Continued)

The Development Impact Fee Fund transferred $34,668 to Non-Major Governmental Funds to support ongoing capital projects.

Nonmajor Governmental Funds – Community Services District and Measure A Special Revenue Fund transferred $425,846 and $730,600 for debt service purposes, respectively.

9) FUND BALANCE

Details of the City’s governmental fund balances at June 30, 2023, are presented below:

General Fund Fire District
Federal
Grants
Development
Impact 2016A LARB
Other
Governmental
Funds
Total
Governmental
Funds
Nonspendable:

Prepaid Costs and Other Assets 372,004$ 40,192 $ - $ - $ - $ 11,538$ 423,734 $ Inventories 15,842 4,998 - - - - 20,840 Long-Term Advances and Loans 3,793,760 - - - - - 3,793,760 Endowments - - - - - 500,000 500,000 Restricted:

Infrastructure Development - - - - - 1,888,543 1,888,543 Fire Protection - 3,677,155 - - - - 3,677,155 Public Safety - - - - - 1,143,474 1,143,474 Public Library Services - - - - - 1,383,873 1,383,873 Regional Transportation
Improvement Projects - - - 53,004,606 - 2,086,241 55,090,847 Housing - - - - - 15,215,051 15,215,051 Street Maintenance 73,267 - - - - 26,571,944 26,645,211 Area Drainage - - - - - 5,847,155 5,847,155 Air Pollution Reduction Measures - - - - - 791,926 791,926 Storm Drain Pollution
Reduction Measures - - - - - 997,318 997,318 Community Service Programs - - - - - 6,657,420 6,657,420 Historic Preservation - - - - - 9,730 9,730 Debt Service 151,921 - - - 1,883,583 1,850,185 3,885,689 Committed to:

Public Safety 178,819 178,819
Capital Improvement Projects 9,969,848 9,969,848
Continuing Appropriations 2,934,188 2,934,188
Land Acquisitions 1,766,247 - - - - - 1,766,247 Economic Contingency Reserve 7,054,727 7,054,727
Operating Reserve 22,475,633 - - - - - 22,475,633 Fire Fleet Replacement Reserve 2,415,443 - - - - - 2,415,443 Fleet Replacement Reserve 2,168,909 - - - - - 2,168,909 Facility Repairs Reserve 1,100,000 - - - - - 1,100,000 CSD Facility Repair Reserve 1,105,850 - - - - - 1,105,850 Fire Facility Repair Reserve 35,000 35,000
Continuing Operations 25,000 - - - - - 25,000 Assigned:

General Plan 21,181 - - - - - 21,181 Repairs and Equipment 22,920 - - - - - 22,920 Dare Program 4,560 4,560
Produce for People 8,381 - - - - - 8,381 Unassigned 71,473,681 - (233,072) - - (706,780) 70,533,829 Total Fund Balance (Deficit) 127,167,181$ 3,722,345 $ (233,072) $ 53,004,606$ 1,883,583 $ 64,247,618 $ 249,792,261 $

The unassigned category above encompasses fund designations that do not satisfy the criteria of the other categories presented. Included in Committed fund balance of the General Fund are continuing appropriations of $2,934,188. The continuing appropriations represent open contract amounts and their related appropriation at year-end that are expected to be honored upon performance by the vendors in the following fiscal year.

559
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-67-
10) SUMMARY DISCLOSURE OF SELF-INSURANCE CONTINGENCIES

The City is exposed to various risks of losses, including tort claims; theft of, damage to, and destruction of property; cyber-crimes; employment practices claims; professional errors and omissions; and natural disasters. The City currently reports all of its risk management activities in its Risk Management Internal Service Fund. The City participates in a risk retention pool and jointly funds coverage programs with other public agencies. The City’s self-insured retention varies by program.

The General Liability program provides a coverage limit of $50 million with a $125,000 self- insured retention. The Liability Program provides defense and indemnity coverage against claims and suits arising from covered occurrences, including auto liability, bodily injury, property damage, personal injury, and public officials’ errors and omissions.

The Workers’ Compensation program provides a coverage limit of $5 million with a $250,000 self-insured retention. The Workers’ Compensation program provides statutory benefits for employee injuries arising out of and in the course of employment and $5,000,000 in employers’ liability coverage.

The all-risk Property program provides group-purchased commercial insurance coverage on a replacement cost basis. The program provides a coverage limit of $100 million with a $100,000 pool deductible (inclusive of a $10,000 City deductible). The auto physical damage program provides coverage to City-owned vehicles. Coverage is available on a replacement cost basis.

The Auto Physical Damage program provides group-purchased commercial insurance for physical damage to vehicles. The program provides a coverage limit of $10 million with a $25,000 pool deductible (inclusive of $5,000 City deductible).

The Employment Practices Liability (EPL) program provides a coverage limit of $50 million with a $100,000 self-insured retention. The EPL program provides coverage for employment- related lawsuits, such as wrongful termination and discrimination.

The Cyber Liability program provides a coverage limit of $12 million with a $5,000 self-insured retention. Cyber liability provides coverage for information security and privacy liability, privacy notification costs, regulatory defense & penalties, website media content liability, cyber extortion, first-party data protection & business interruption losses.

The Crime program provides a coverage limit of $1 million with a $2,500 City deductible. The Crime program provides coverage for public employee dishonesty, forgery or alteration, and computer fraud coverage. The Deadly Weapon Response program provides coverage for third-party injuries while on City property, including defense costs when a weapon has been used or brandished. The program also covers crisis management services and first-party property damage, including business interruption.

560
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-68-
10) SUMMARY DISCLOSURE OF SELF-INSURANCE CONTINGENCIES, (Continued)

Claims expenditures and liabilities are reported when it is probable that a loss has occurred, and the amount of that loss can be reasonably estimated. These losses include an estimate of claims that have been incurred but not reported (IBNR). At June 30, 2023, the amount of these liabilities was $13,306,371. The amount represents an estimate of $8,718,484 for June 30, 2023, and $4,587,887 of IBNR. This liability is the City’s best estimate based on available information.

The following represents the changes in claims liabilities:

Year
Beginning of
Year
Changes in
Estimates Claim Payments End of Year
2023 9,991,726$ 3,372,569 $ 57,924 $ 13,306,371$ 2022 8,740,016 3,092,680 1,840,970 9,991,726

The City of Murrieta is a member of the Public Entity Risk Management Authority (a joint powers authority) for the purpose of pooling losses and claims of general liability and workers’ compensation with those of other member cities and agencies. The City continues to carry commercial insurance, both primary and excess, for all other risks of loss.

11) PENSION PLANS

A) General Information about the Pension Plans

Plan Description

All qualified permanent and probationary employees are eligible to participate in the Public Agency Cost-Sharing Multiple-Employer Defined Benefit Pension Plan (Plan or PERF C) administered by the California Public Employees’ Retirement System (CalPERS.) The Plan consists of a miscellaneous pool and a safety pool (also referred to as “risk pools”), which are comprised of individual employer miscellaneous and safety rate plans, respectively. Plan assets may be used to pay benefits for any employer rate plan of the safety and miscellaneous pools. Accordingly, rate plans within the safety or miscellaneous pools are not separate plans under generally accepted accounting principles. Individual employers may sponsor more than one rate plan in the miscellaneous or safety risk pools. The City participates in four rate plans (two miscellaneous and two safety). Benefit provisions under the Plan are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plan regarding benefit provisions, assumptions and membership information that can be found on the CalPERS’ website, at www.calpers.ca.gov.

561
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-69-
11) PENSION PLANS, (Continued)

A) General Information about the Pension Plans, (Continued)

Benefits Provided

CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries.

Benefits are based on years of credited service, equal to one year of full-time employment.

Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 5 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost-of-living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

The Plan operates under the provisions of the California Public Employees’ Retirement Law (PERL), the California Public Employees’ Pension Reform Act of 2013 (PEPRA), and the regulations, procedures and policies adopted by the CalPERS Board of Administration. The Plan’s authority to establish and amend the benefit terms are set by the PERL and PEPRA, and may be amended by the California state legislature and in some cases require approval by the CalPERS Board.

The Plan’s provisions and benefits in effect at June 30, 2023 are summarized as follows:

Remainder of this page left intentionally blank.
562
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-70-
11) PENSION PLANS, (Continued)

A) General Information about the Pension Plans, (Continued)

Hire Date
Tier I
Prior to
January 1, 2013
Tier II
On or After
January 1, 2013
PEPRA
On or After
January 1, 2013
Benefit Formula 2.7% @ 55 2% @ 60 2% @ 62
Benefit Vesting Schedule 5 Years of Service 5 Years of Service 5 Years of Service Benefit Payments Monthly for Life 50 Monthly for Life
Retirement Age 55 60 62
Monthly Benefits, as a Percent of Eligible
Compensation Highest Single Year 3-Year Average 3-Year Average Required Employee Contribution Rates 8.00% 7.00% 7.00%
Required Employer Contribution Rates:

Normal Cost Rate 14.34% 8.95% 7.56%
Payment of Unfunded Liability 1,764,935 $ 20,121 $ 30,508 $ Hire Date
Tier I
Prior to
October 15, 2011
Tier II
On or After
October 15, 2011

TIER III - PEPRA
On or After
January 1, 2013
Benefit Formula 3% @ 50 3% @ 55 2.7% @ 57
Benefit Vesting Schedule 5 Years of Service 5 Years of Service 5 Years of Service Benefit Payments Monthly for Life Monthly for Life Monthly for Life Retirement Age 50 55 57
Monthly Benefits, as a Percent of Eligible
Compensation Highest Single Year 3-Year Average 3-Year Average Required Employee Contribution Rates 9.00% 9.00% 13.00% Required Employer Contribution Rates:

Normal Cost Rate 23.75% 20.64% 12.78%
Payment of Unfunded Liability 1,886,959 $ 50,400 $ 8,140 $ Hire Date
Tier I
Prior to
January 1, 2013

TIER III - PEPRA
On or After
January 1, 2013
Benefit Formula 3% @ 50 2.7% @ 57
Benefit Vesting Schedule 5 Years of Service 5 Years of Service Benefit Payments Monthly for Life Monthly for Life
Retirement Age 50 57
Monthly Benefits, as a Percent of Eligible
Compensation Highest Single Year 3-Year Average
Required Employee Contribution Rates 9.00% 13.00%
Required Employer Contribution Rates:

Normal Cost Rate 23.75% 12.78%
Payment of Unfunded Liability 1,053,775 $ 11,935 $ Miscellaneous
Safety - Police
Safety - Fire

563
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-71-
11) PENSION PLANS, (Continued)

A) General Information about the Pension Plans, (Continued)

Contributions

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

The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended. Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions. Employer Contributions to the Plan for the fiscal year ended June 30, 2023 were $10,841,912. The actual employer payments of $9,736,240 made to CalPERS by the District during the measurement period ended June 30, 2023 differed from the District’s proportionate share of the employer’s contributions of $13,363,500 by $3,627,260, which is being amortized over the expected average remaining service lifetime in the Public Agency Cost-Sharing Multiple Employer Plan.

B) Net Pension Liability

The City’s net pension liability for the Plan is measured as the total pension liability, less the pension plan’s fiduciary net position. The net pension liability of the Plan is measured as of June 30, 2022, using an annual actuarial valuation as of June 30, 2021 rolled forward to June 30, 2022 using standard update procedures. A summary of principal assumptions and methods used to determine the net pension liability is as follows.

564
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-72-
11) PENSION PLANS, (Continued)

B) Net Pension Liability, (Continued)

Actuarial Methods and Assumptions Used to Determine Total Pension Liability

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

Miscellaneous Safety
Valuation Date June 30, 2021 June 30, 2021
Measurement Date June 30, 2022 June 30, 2022
Actuarial Cost Method Entry-Age Normal Entry-Age Normal Cos t Method Cost Method
Asset Valuation Method Market Value of Assets Market Value of Assets Actuarial Assumptions:

Discount Rate 6.90% 6.90%
Inflation 2.30% 2.30%
Salary Increases (1) (1)
Mortality Rate Table (I)
(2) (2)
Post-Retirement Benefit Increase (3) (3)
1) Varies by entry age and service.
2) Derived using CalPERS' membership data for all funds 3) The lesser of contract COLA or 2.30% until Purchasing Power Protection Allowance floor on purchasing power applies, 2.30% thereafter.
(I) The mortality table used was developed based on CalPERS’ specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019. Pre-retirement and Post- retirement mortality rates include generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from November 2021 that can be found on the CalPERS website.

Long-term Expected Rate of Return

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

In determining the long-term expected rate of return, CalPERS took into account both short- term and long-term market return expectations. Using historical returns of all of the funds’ asset classes, expected compound (geometric) returns were calculated over the next 20 years using a building-block approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 Basis points.

565
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-73-
11) PENSION PLANS, (Continued)

B) Net Pension Liability, (Continued)

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

Asset Class (1)
Assumed Asset
Allocation
Real Return
Years 1 - 102
Global Equity - cap weighted 30.00% 4.54%
Global Equity - non-cap-weighted 12% 4%
Private Equity 13% 7%
Treasury 5% 0%
Mortgage-backed securities 5% 1%
Investment grade corporation 10% 2%
High yield 5% 2%
Emerging market debt 5% 2%
Private debt 5% 3%
Real assets 15% 3%
Leverage -5% -1%
Total 100.00%
(2) Figures are based on the 2021 Assets Liability Management Study. (1) An expected inflation of 2.3% used for this period.

Change of Assumptions

Effective with the June 30, 2021, valuation date (2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated, combined with risk estimates, and are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions.

Discount Rate

The discount rate used to measure the total pension liability for PERF C was 6.90%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

566
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-74-
11) PENSION PLANS, (Continued)

B) Net Pension Liability, (Continued)

Subsequent Events

On July 12, 2021, CalPERS reported a preliminary 21.3% net return on investments for fiscal year 2020-21. Based on the thresholds specified in CalPERS Funding Risk Mitigation policy, the excess return of 14.3% prescribes a reduction in investment volatility that corresponds to a reduction in the discount rate used for funding purposes of 0.20%, from 7.00% to 6.80%.

Since CalPERS was in the final stages of the four-year Asset Liability Management (ALM) cycle, the board elected to defer any changes to the asset allocation until the ALM process concluded, and the board could make its final decision on the asset allocation in November 2021.

On November 17, 2021, the board adopted a new strategic asset allocation. The new asset allocation along with the new capital market assumptions, economic assumptions and administrative expense assumption support a discount rate of 6.90% (net of investment expense but without a reduction for administrative expense) for financial reporting purposes.

This includes a reduction in the price inflation assumption from 2.50% to 2.30% as recommended in the November 2021 CalPERS Experience Study and Review of Actuarial Assumptions. This study also recommended modifications to retirement rates, termination rates, mortality rates and rates of salary increases that were adopted by the board. These new assumptions will be reflected in the GASB 68 accounting valuation reports for the June 30, 2022, measurement date.

Pension Plan Fiduciary Net Position

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

567
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-75-
11) PENSION PLANS, (Continued)

C) Proportionate Share of Net Pension Liability

The following table shows the City’s proportionate share of the Plan’s net pension liability over the measurement period.

Miscellaneous Plan:

Proportionate Share
of Total Pension
Liability
Proportionate Share
of Fiduciary Net
Pension Liability
Proportionate Share
of Net Pension
Liability
Balance at 6/30/2021 (VD) 83,675,607 $ 75,171,758 $ 8,503,849 $ Balance at 6/30/2022 (MD) 93,688,866 72,757,880 20,930,986 Net Changes during 2021-22 (10,013,259) $ 2,413,878 $ (12,427,137)$ Safety Plan:

Proportionate Share
of Total Pension
Liability
Proportionate Share
of Fiduciary Net
Pension Liability
Proportionate Share
of Net Pension
Liability
Balance at 6/30/2021 (VD) 163,914,275 $ 147,428,481 $ 16,485,794 $ Balance at 6/30/2022 (MD) 185,498,639 143,736,815 41,761,824 Net Changes during 2021-22 (21,584,364) $ 3,691,666 $ (25,276,030)$

The City’s proportion of the net pension liability was determined by CalPERS using the output from the Actuarial Valuation System and the fiduciary net position, as provided in the CalPERS Public Agency Cost-Sharing Allocation Methodology Report, which is a publicly available report that can be obtained at CalPERS’ website, at www.calpers.ca.gov. The City’s proportionate share of the net pension liability for the total Plan as of the June 30, 2021 and 2022 measurement dates was as follows:

Miscellaneous Safety
Proportion - June 30, 2021 0.44785% 0.46975%
Proportion - June 30, 2022 0.44732% 0.60775%
Change - Increase (Decrease) -0.00053% 0.13800%

568
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-76-
11) PENSION PLANS, (Continued)

C) Proportionate Share of Net Pension Liability, (Continued)

Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate

The following presents the City’s proportionate share of the net pension liability of the Plan as of the measurement date, calculated using the discount rate of 6.9 percent, as well as what the net pension liability would be if it were calculated using a discount rate that is 1 percentage-point lower (5.9 percent) or 1 percentage-point higher (7.9 percent) than the current rate:

Miscellaneous Safety
One Percent Decrease 5.90% 5.90%
Net Pension Liability 33,702,468 $ 67,378,896 $
Current Discount Rate 6.90% 6.90%
Net Pension Liability 20,930,986 $ 41,761,824 $
One Percent Increase 7.90% 7.90%
Net Pension Liability (Asset) 10,423,225 $ 20,825,654 $

Amortization of Deferred Outflows and Deferred Inflows of Resources

Under GASB 68, gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time.

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

The amortization period differs depending on the source of the gain or loss:

Net difference between
projected and actual earnings
on pension plan investments

5-year straight-line amortization
All other amounts Straight-line amortization over the expected average remaining service lives (EARSL) of all
members that are provided with benefits (active,
inactive and retired) as of the beginning of the
measurement period

The expected average remaining service lifetime (EARSL) is calculated by dividing the total future service years by the total number of plan participants (active, inactive, and retired) in the Public Agency Cost-Sharing Multiple-Employer Plan (PERF C).

569
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-77-
11) PENSION PLANS, (Continued)

C) Proportionate Share of Net Pension Liability, (Continued)

The EARSL for PERF C for the measurement period ending June 30, 2022 is 3.7 years, which was obtained by dividing the total service years of 574,665 (the sum of remaining service lifetimes of the active employees) by 153,587 (the total number of participants: active, inactive, and retired) in PERF C. Inactive employees and retirees have remaining service lifetimes equal to 0. Total future service is based on the members’ probability of decrementing due to an event other than receiving a cash refund.

D) Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions

As of the start of the measurement period (July 1, 2021), the City’s net pension liability was $24,989,643. For the measurement period ending June 30, 2022 (the measurement date), the Local Government incurred a pension expense of $16,377,614. As of June 30, 2023, the City has deferred outflows and deferred inflows of resources related to pensions as follows:

Deferred
Outflows
of Resources
Deferred
Inflows
of Resources
Pension Contributions Subsequent to
Measurement Date 10,841,912 $ - $
Changes in assumptions 6,355,672 -
Differences Between Actual
and Expected Experience 1,413,682 -
Change in Employer's Proportion 8,537,844 52,484
Differences Between the Employer's
Contributions and the Employer's
Proportionate Share of Contributions - 3,513,329 Net Differences Between Projected and
Actual Earnings on Plan Investments 10,428,777 -
Total 37,577,887 $ 3,565,813 $

The amounts above are net of outflows and inflows recognized in the 2021-22 measurement period expense. Contributions subsequent to the measurement date of $10,841,912 reported with deferred outflows of resources will be recognized as a reduction of the net pension liability in the upcoming fiscal year. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in future pension expense as follows:

Year Ending June 30,
Deferred
Outflows/(Inflows) of
Resources
2024 9,277,887 $
2025 4,949,016
2026 2,575,354
2027 6,367,905
2028 -
Thereafter -
Total 23,170,162 $

570
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-78-
11) PENSION PLANS, (Continued)

E) Payable to the Pension Plan

At June 30, 2023, the City reported a payable of $498,377 for the outstanding amount of contributions to the pension plan required for the year then ended.

12) OPEB PLANS

A) General Information about the OPEB Plans

Plan Description

The City provides other postemployment benefits (OPEB) through the California Employers’ Retiree Benefit Fund (CERBT), an agent multiple-employer defined benefit healthcare plan administered by the California Public Employees’ Retirement System (CalPERS) as follows:

Members of all groups who retired prior to July 1, 2007, receive a monthly contribution of $695.

The MGEA and MSA groups and employees covered by the Management and Confidential Compensation Plan hired prior to January 1, 2008, who choose to continue their CalPERS health insurance upon retirement, are eligible to receive a monthly contribution to a Retirement Health Savings Plan (RHS) in the amount of $833. Those hired after January 1, 2008, but before July 14, 2014, and retire with 10 years of City service can receive $360 per month until Medicare age and then will receive the minimum mandated amount for employer contributions to participate in Public Employees Medical and Hospital Care Act (PEMHCA). Those hired after January 1, 2008, but before July 14, 2014, and retire with less than 10 years of City service and those hired after July 15, 2014, and retire from the City, will receive the minimum mandated amount for employer contributions to participate in PEMCHA (PEMCHA minimum).

Employees of the MPOA and MPMA groups hired prior to July 1, 2007, who choose to continue their CalPERS health insurance upon retirement are eligible to receive a monthly contribution to a Retirement Health Savings Plan (RHS) in the amount of $833. Those hired after July 1, 2007 who retire with 10 years of City service can receive $360 per month until Medicare age and then will receive the PEMCHA minimum contribution. Those hired after July 1, 2007, who retire with less than 10 years of City service will receive the PEMCHA minimum contribution.

571
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-79-
12) OPEB PLANS, (Continued)

A) General Information about the OPEB Plans, (Continued)

Plan Description (Continued)

Employees of the MFA and MFMA groups hired prior to January 1, 2010 who choose to continue their CalPERS health insurance upon retirement are eligible to receive a monthly contribution to a Retirement Health Savings Plan (RHS) in the amount of $833. Those hired after January 1, 2010, who retire with 10 years of City service can receive $360 per month until Medicare age and then will receive the PEMCHA minimum contribution. Those hired after January 1, 2010, who retire with less than 10 years of City service will receive the PEMCHA minimum contribution.

Separate financial statements for the CERBT may be obtained by writing to CalPERS at Lincoln Plaza, North 400 Q Street, Sacramento, CA 95814 or by visiting the CalPERS website at www.calpers.ca.gov.

Employees Covered

As of the June 30, 2021 valuation date, the following current and former employees were covered by the benefit terms under the plan:

Inactive Employees or Beneficiaries Currently Receiving Benefits 151
Inactive Employees or Beneficiaries Entitled to but not yet Receiving Benefits 25
Active Employees 359
Total 535

Contributions

The plan and its contribution requirements are established by City policy and may be amended by the City Council. The annual contribution is based on the actuarially determined contribution. For the year ended June 30, 2023, the City’s cash contributions were $1,449,071 in premium payments and the estimated implied subsidy was $410,733 resulting in total contributions of $1,859,804.

B) Net OPEB Liability

The City’s net OPEB liability was measured as of June 30, 2021, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation dated June 30, 2021. A summary of the principal assumptions and methods used to determine the total OPEB liability is shown below.

572
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-80-
12) OPEB PLANS, (Continued)

B) Net OPEB Liability, (Continued)

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:

Valuation Date June 30, 2021
Measurement Date June 30, 2022
Actuarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 5.70%
Inflation 2.30%
Projected Salary Increase 2.80% Per Annum, in Aggregate Expected Long-Term Investment Rate of Return 6.00%
Healthcare Cost Trend Rates 5.50%, decreasing to 3.83%
Pre-Retirement Turnover Derived from CalPERS Pension Plan Mortality Derived from CalPERS Pension Plan Updated
to Reflect Most Recent Experience Study

The actuarial assumptions used in the June 30, 2021, valuation were based on a standard set of assumptions the actuary has used for similar valuations, modified as appropriate for the City.

Long-Term Expected Rate of Return

The long-term expected rate of return was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighing the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the OPEB plans’ target asset allocation as of June 30, 2021, are summarized in the following table:

Asset Class
New Strategic
Allocation
Long-Term
Expected Real
Rate of Return
CEBRT:

Global Equity 49.00% 4.50%
Fixed Income 23.00% 1.40%
REITs 20.00% 3.70%
TIPs 5.00% 0.50%
Commodities 3.00% 1.10%
Total 100.00%

573
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-81-
12) OPEB PLANS, (Continued)

B) Net OPEB Liability, (Continued)

Discount Rate

The discount rate of 5.70% was used in the valuation. It is assumed that the City will contribute in accordance with the Funding Policy. Under this Funding Policy, the OPEB Trust is not expected to be depleted in the future.

Changes in Assumption

The discount rate was changed from 7.00% to 5.70%.

C) Changes in the Net OPEB Liability

The changes in the net OPEB liability are as follows:

Total OPEB
Liability
Plan Fiduciary
Net Position
Net OPEB
Liability (Asset)
Balance - June 30, 2021
(Measurement Date) 28,994,228 $ 6,621,845 $ 22,372,383 $ Changes in the Year:

Service Cost 608,999 - 608,999 Interest on the Total OPEB Liability 2,008,234 - 2,008,234 Differences Between Actual and
Expected Experience (56,650) - (56,650) Changes in Assumptions 4,100,386 - 4,100,386 Changes in Benefit Terms - - - Contribution - Employer - 1,859,804 (1,859,804) Net Investment Income - (886,356) 886,356 Administrative Expenses - (1,677) 1,677 Benefit Payments (1,859,804) (1,859,804) - Net Changes 4,801,165 (888,033) 5,689,198 Balance - June 30, 2022
(Measurement Date) 33,795,393 $ 5,733,812 $ 28,061,581 $ Increase (Decrease)

Change of Benefit Terms

There were no changes of benefit terms.

Subsequent Events

There were no subsequent events that would materially affect the results presented in this disclosure.
574
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-82-
12) OPEB PLANS, (Continued)

C) Changes in the Net OPEB Liability, (Continued)

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 liability would be if it were calculated using a discount rate that is one percentage point lower (5.00%) or one percentage point higher (6.00%) than the current discount rate:

One Percent
Decrease
(4.70%)
Discount Rate
(5.70%)
One Percent
Increase
(6.70%)
Net OPEB Liability 31, 884,700$ 28,061,581 $ 24,832,282 $

Sensitivity of the Net OPEB Liability to Changes in Healthcare Cost Trend Rates

The following presents the net OPEB liability of the City, as well as what the City’s net OPEB liability would be if it were calculated using healthcare cost trend rates that are one percentage point lower or one percentage point higher than the current healthcare cost trend rates:

Current
One Percent Healthcare One Percent
Decrease Cost Trend Rates Increase
Net OPEB Liability 21,599,282 $ 22,372,383 $ 23,295,745 $

D) OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB

For the year ended June 30, 2023, the City recognized OPEB expense of $1,476,030. At June 30, 2023, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Deferred
Outflows of
Resources
Deferred Inflows
of Resources
OPEB Contributions Subsequent to Measurement Date 2,005,185$ - $ Differences Between Actual and Expected Experience 1,293,330 (261,504) Change in Assumptions 8,338,095 (5,622,144)
Differences Between Projected and Actual Earnings 518,457 - Total 12,155,067 $ (5,883,648) $

575
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-83-
12) OPEB PLANS, (Continued)

D) OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB, (Continued)

$2,005,185 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability in the subsequent fiscal year.

Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized as OPEB expense as follows:

Year Ending June 30, Amount
2024 1,081,211 $
2025 1,073,383
2026 1,038,595
2027 731,164
2028 461,196
Thereafter (119,315)
Total 4,266,234 $

At June 30, 2023, the City had no outstanding amount of contributions to the OPEB plans required for the year ended June 30, 2023.

13) JOINT FINANCING ACQUISITION AGREEMENTS

On September 1, 1991, the City entered into a joint financing and acquisition agreement with the Community Facilities District No. 89-5 (Rancon Business Center) of the County of Riverside and Rancon Business Center/Rancho California, a California joint venture. The boundaries of the CFD No. 89-5 are completely within the boundaries of the City of Murrieta; however, the Rancho California Water District now functions as the legislative body of the CFD No. 89-5. On October 24, 1991, the CFD No. 89-5 issued its $18,825,000 Series 1991.

Bonds to provide financing for the construction and acquisition of certain public facilities, which include the acquisition and construction of certain roads and associated landscaping facilities.

Funds for the bond debt service requirements, as they come due, are to be obtained from a special tax levied against properties within the CFD No. 89-5. The road facilities that were previously to be owned, maintained, and operated by the County are to be owned, maintained, and operated by the City.

576
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-84-
13) JOINT FINANCING ACQUISITION AGREEMENTS, (Continued)

On December 1, 1991, the City entered into a joint financing and acquisition agreement with the Community Facilities District No. 89-4 (Walsh Medical Arts Center) of the County of Riverside and Kevin P. Walsh and Regina M. Walsh. The boundaries of the CFD No. 89-4 are completely within the boundaries of the City; however, the board of the County will continue to function as the legislative body of the CFD No. 89-4. On December 20, 1991 the CFD No. 89-4 issued its $4,825,000 Series 1991 Bonds to provide financing for the construction and acquisition of certain public facilities, which include the acquisition and construction of certain roads and associated landscaping facilities and certain flood control and drainage facilities.

Funds for the bonds debt service requirements, as they come due, are to be obtained from a special tax levied against properties within the CFD No. 89-4. The road facilities that were previously to be owned, maintained, and operated by the County are to be owned, maintained, and operated by the City. The flood facilities that were previously to be owned, maintained, and operated by the Riverside County Flood Control and Water Conservation District are to be owned, maintained, and operated by the City.

14) COMMUNITY FACILITIES DISTRICT (CFD) BONDS (NONCITY OBLIGATION)

The City has issued special tax bonds for various CFDs, which are payable from special taxes levied on property within the Community Facilities Districts according to a methodology approved by the voters within the District and by the City Council. Neither the faith and credit nor taxing power of the City is pledged to the payment of the bonds. Reserves have been established from the bond proceeds to meet delinquencies should they occur. If delinquencies occur beyond the amounts held in those reserves, the City has no duty to pay the delinquency out of any available funds of the City. The City acts solely as an agent for those paying taxes levied and the bondholders. As of June 30, 2023, the remaining balance on the bonds was $97,147,850.

15) JOINTLY GOVERNED ORGANIZATION

The City, in conjunction with four other governmental entities, created the Southwest Communities Financing Authority (Financing Authority) on November 30, 2004. The Financing Authority was formed to issue bonds for the construction of an animal shelter to be used by the member agencies. The Financing Authority’s board is composed of one member from each participating entity. The City has the following fiscal obligations: debt repayment of any bonds issued, administrative costs, and operation of the animal shelter. The debt service payments and the animal shelter operating costs will be prorated to each member based on the percentage of the animals housed at the facility, on an annual basis. The administrative costs will be borne equally by all members. For the year ended June 30, 2023, the City’s share of the payments was $104,915 and was paid from the General Fund.

577
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-85-
16) CONTINGENT LIABILITIES AND COMMITMENTS

Claims and Lawsuits

Various claims and lawsuits are pending against the City. Although the outcome of these claims and lawsuits is not presently determinable, in the opinion of the City’s management, on advice of legal counsel, it is unlikely that they will have a material adverse effect on the accompanying financial statements.

The City has received Federal and State funds for specific purposes that are subject to review by the grantor agencies. These programs are subject to audit by the grantor agencies and upon further examination by the grantors, certain costs could be disallowed. The City expects any such amounts to be immaterial.

The decision of Flores v. City of San Gabriel highlighted not only the need for cities to audit their policies and practices related to Fair Labor Standards Act (FLSA) compliance but also to revisit long held and generally accepted assumptions and practices related to such. In June 2017, the City of Murrieta engaged an employment law firm to conduct an audit of its FLSA regular rate of pay and payroll practices. Through the employment law firm, a forensic accounting analysis has been completed for two labor groups including an analysis and settlement of the underpayment for nonexempt employees. The City has engaged the same employment law firm to conduct an audit of its FLSA regular rate of pay and underpayment for the third labor group.

The estimated amount of remaining construction contract commitments at year-end is $6,875,053.

17) TOWN HALL ASSOCIATION ENDOWMENT

In March 2014, the City received a permanent endowment from the Town Hall Association upon dissolution of the Town Hall Association’s Board. The City maintains the $500,000 principal nonexpendable endowment in the Town Hall Association Permanent nonmajor fund.

The investment earnings on the nonexpendable endowment are to be spent 25% to the Murrieta Friends of the Library, 25% to the Murrieta High School’s Scholarship Foundation (aka Dollar for Scholars), and 50% to the Murrieta Library.

578
City of Murrieta

Notes to the Financial Statements
For the Year Ended June 30, 2023

-86-
18) TAX ABATEMENTS

In accordance with California Government Code § 53083, the City provides sales tax rebates to a local sales tax generators based on sales tax generated at a site developed within the City of Murrieta. The City entered into an economic development agreement for sales tax rebates with a local sales tax generator in order to retain one of the City’s significant tax- generating business, jobs, and occupancy of land within City boundaries. The rebates are calculated based on the total taxes generated by the business.

For the fiscal year ended June 30, 2023, the City abated local sales tax totaling $262,750.

19) RESTATEMENT OF NET POSITION AND FUND BALANCES

Fund balances at July 1, 2022 were restated due to corrections of accounting for investments.

Net position and other fund balances at July 1, 2022 were restated due to corrections of errors as follows:

General
(Sub-fund of
General Fund)
Measure T
(Sub-fund of
General Fund) SLESF
Fund Balance, as Previously Reported 53,491,683 $ 43,510,403 $ 222,826 $ Corrections of errors 260,331 34,928 1,480 Fund Balance, as Restated 53,752,014 $ 43,545,331 $ 224,306 $ 2016A LARB 2016B LARB 2022 LARB
Fund Balance, as Previously Reported 40,046,708 $ 7,210,784 $ 30,563,488 $ Corrections of accounting for investments (38,210,000) (6,890,000) (29,075,000) Fund Balance, as Restated 1,836,708 $ 320,784 $ 1,488,488 $ Governmental
Activities
Net Position, as Previously Reported 603,628,766 $
Corrections of prior year balances (73,878,261)
Net Position, as Restated 529,750,505 $

579

REQUIRED SUPPLEMENTARY INFORMATION
580

THIS PAGE INTENTIONALLY LEFT BLANK
581
City of Murrieta

Schedule of Proportionate Share of the Net Pension Liability – Miscellaneous Last Ten Fiscal Years

-87-
Measurement Date
Employer's
Proportion of the
Collectiv e Net
Pension Liability1
Employer's
Proportionate
Share of the
Collectiv e Net
Pension Liability Covered Payroll
Employer's
Proportionate
Share of the
Collective Net
Pension Liability as
a percentage of the
Covered Payroll
Pension Plan's
Fiduciary Net
Position as a
percentage of the
Total Pension
Liability
6/30/2014 0.15475% 9,629,244 $ 9,304,312 $ 103.49% 77.57% 6/30/2015 0.05956% 11,366,253 9,517,674 119.42% 78.40% 6/30/2016 0.51059% 13,728,601 10,158,506 135.14% 74.06% 6/30/2017 0.36862% 15,796,583 9,962,258 158.56% 73.31% 6/30/2018 0.40440% 15,240,675 10,070,150 151.35% 75.26% 6/30/2019 0.41123% 16,467,905 11,695,857 140.80% 75.26% 6/30/2020 0.40933% 17,265,656 13,637,452 126.60% 76.89% 6/30/2021 0.44785% 8,503,848 14,879,086 57.15% 76.89% 6/30/2022 0.44732% 20,930,986 15,803,799 132.44% 77.66% 1 Proportion of the net pension liability represents the plan's proportion of PERF C, which includes both the Miscellaneous and Safety Risk Pools excluding the 1959 Survivors Risk Pool. * Measurement date 6/30/2014 (fiscal year 2015) was the first year of implementation. Additional years will be presented as information becomes available.

582
City of Murrieta

Schedule of Contributions – Miscellaneous
Last Ten Fiscal Years

-88-
Fiscal Year
Actuarially
Determined
Contribution
Contributions in
Relation to the
Actuarially
Determined
Contribution
Contribution
Deficiency
(Excess) Cov ered Payroll
Contributions as a
Percentage of
Covered Payroll
6/30/2015 1,721,566$ (1,721,566) $ - $ 9,517,674$ 18.09% 6/30/2016 1,695,346 (1,695,346) - 10,158,506 16.69% 6/30/2017 2,369,575 (2,369,575) - 9,962,258 23.79% 6/30/2018 1,953,751 (1,953,751) - 10,070,150 19.40% 6/30/2019 2,314,203 (2,314,203) - 11,695,857 19.79% 6/30/2020 2,604,872 (2,604,872) - 13,637,452 19.10% 6/30/2021 3,022,322 (3,022,322) - 14,876,806 20.32% 6/30/2022 4,316,257 (4,316,257) - 15,803,799 27.31% 6/30/2023 3,674,268 (3,674,268) - 18,443,881 19.92% Notes to Schedule:

Changes in Benefit Terms: There were no changes to benefit terms that applied to all members of the Public Agency Pool.

Additionally, the figures above do not include any liability impact that may have resulted from Golden Handshakes that occurred after the June 30, 2021 valuation date, unless the liability impact is deemed to be material to the Public Agency Pool.

Changes in Assumptions: Effective with the June 30, 2021 valuation date (2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated, combined with risk estimates, and are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. There were no assumption changes for 2021. For 2020, the Plan adopted a new amortization policy effective with the 2019 actuarial valuation. The new amortization policy shortens the period over which actuarial gains and losses are amortized from 30 years to 20 years with the payments computed as a level dollar amount. In addition, the new policy does not utilize a five-year ramp-up and ramp-down on UAL bases attributable to assumption changes and non-investment gains/losses. The new policy also does not utilize a five-year ramp-down on investment gains/losses. These changes apply only to new UAL bases established on or after June 30, 2019. There were no changes in assumptions in 2019. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate in 2019. In 2017, the accounting discount rate was reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes in the discount rate. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate.
* Measurement date 6/30/2014 (fiscal year 2015) was the first year of implementation. Additional years will be presented as information becomes available.

583
City of Murrieta

Schedule of Proportionate Share of the Net Pension Liability – Safety Last Ten Fiscal Years

-89-
Measurement Date
Employer's
Proportion of the
Collective Net
Pension Liability1
Employer's
Proportionate
Share of the
Collective Net
Pension Liability Covered Payroll
Employer's
Proportionate
Share of the
Collective Net
Pension Liability as
a percentage of the
Covered Payroll
Pension Plan's
Fiduciary Net
Position as a
percentage of the
Total Pension
Liability
6/30/2014 0.29795% 18,540,083 $ 15,020,869 $ 123.43% 78.56% 6/30/2015 0.01046% 20,107,047 15,256,435 131.79% 78.40% 6/30/2016 0.77879% 25,005,813 16,124,346 155.08% 74.06% 6/30/2017 0.54565% 28,723,325 15,382,210 186.73% 73.31% 6/30/2018 0.48605% 28,518,996 15,967,350 178.61% 75.26% 6/30/2019 0.50053% 31,245,479 15,990,879 195.40% 75.26% 6/30/2020 0.52295% 34,841,083 19,219,826 181.28% 76.17% 6/30/2021 0.46975% 16,485,795 19,879,940 82.93% 76.17% 6/30/2022 0.60775% 41,761,824 21,489,931 194.33% 77.49% 1 Proportion of the net pension liability represents the plan's proportion of PERF C, which incl udes both the Miscellaneous and Safety Risk Pools excluding the 1959 Survivors Risk Pool. * Measurement date 6/30/2014 (fiscal year 2015) was the first year of implementation. Additional years will be presented as information becomes available.

584
City of Murrieta

Schedule of Contributions– Safety
Last Ten Fiscal Years

-90-
Fiscal Year
Actuarially
Determined
Contribution
Contributions in
Relation to the
Actuarially
Determined
Contribution
Contribution
Deficiency
(Excess) Cov ered Payroll
Contributions as a
Percentage of
Covered Payroll
6/30/2015 4,158,891$ (4,158,891) $ - $ 9,517,674$ 43.70% 6/30/2016 3,536,719 (3,536,719) - 10,158,506 34.82% 6/30/2017 3,418,924 (3,418,924) - 9,962,258 34.32% 6/30/2018 4,565,327 (4,565,327) - 10,070,150 45.34% 6/30/2019 4,164,182 (4,164,182) - 11,695,857 35.60% 6/30/2020 6,002,858 (6,002,858) - 13,637,452 44.02% 6/30/2021 6,946,768 (6,946,768) - 14,876,806 46.70% 6/30/2022 5,738,839 (5,738,839) - 15,803,799 36.31% 6/30/2023 7,167,644 (7,167,644) - 19,277,127 37.18% Notes to Schedule:

Changes in Benefit Terms: There were no changes to benefit terms that applied to all members of the Public Agency Pool.

Changes in Assumptions: Effective with the June 30, 2021 valuation date (2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated, combined with risk estimates, and are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions.There were no assumption changes for 2021. For 2020, the Plan adopted a new amortization policy effective with the 2019 actuarial valuation. The new amortization policy shortens the period over which actuarial gains and losses are amortized from 30 years to 20 years with the payments computed as a level dollar amount. In addition, the new policy does not utilize a five-year ramp-up and ramp-down on UAL bases attributable to assumption changes and non-investment gains/losses. The new policy also does not utilize a five-year ramp-down on investment gains/losses. These changes apply only to new UAL bases established on or after June 30, 2019. There were no changes in assumptions in 2019. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate in 2019. In 2017, the accounting discount rate was reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes in the discount rate. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate.
* Measurement date 6/30/2014 (fiscal year 2015) was the first year of implementation. Additional years will be presented as information becomes available.

585
City of Murrieta

Schedule of Changes in the Net OPEB Liability and Related Ratios Last Ten Fiscal Years

-91-
Fiscal Year End 6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 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 608,999 $ 951,994 $ 624,020 $ 665,335 $ 1,134,456 $ 1,096,570 $ Interest on Total OPEB Liability 2, 008,234 1,802,951 1,921,683 1,611,799 1,284,754 1,189,368 Change in Assumptions 4,100,386 (7,228,470) 6,301,882 1,760,802 (8,713,953) (46,095) Differences Between Expected
and Actual Experience (56,650) 625,952 (337,835) 1,881,782 - - Benefit Payments (1,859,804) (1,734,698) (1,498,358) (1,429,954) (1,357,606) (1,052,317) Net Change in Total OPEB Liability 4,801,165 (5,582,271) 7,011,392 4,489,764 (7,652,349) 1,187,526 Total OPEB Liability - Beginning of Year 28,994,228 34,576,499 27,565,107 23,075,343 30,727,692 29,540,166 Total OPEB Liability - End of Year (a) 33,795,393 28,994,228 34,576,499 27,565,107 23,075,343 30,727,692 Plan Fiduciary Net Position:

Contributions - Employer 1,859,804 1,734,698 1,498,358 1,429,954 1,357,606 1,052,317 Net Investment Income (886,356) 1,428,310 177,392 291,907 349,279 419,455 Administrative Expenses (1,677) (1,966) (2,453) (1,013) (8,145) (2,129) Benefit Payments (1,859,804) (1,734,698) (1,498,358) (1,429,954) (1,357,606) (1,052,317) Net Change in Plan Fiduciary Net Position (888,033) 1,426,344 174,939 290,894 341,134 417,326 Plan Fiduciary Net Position - Beginning of Year 6,621,845 5,195,501 5,020,562 4,729,668 4,388,534 3,971,208 Plan Fiduciary Net Position - End of Year (b) 5,733,812 6,621,845 5,195,501 5,020,562 4,729,668 4,388,534 Net OPEB Liability - Ending (a)-(b) 28, 061,581$ 22,372,383 $ 29,380,998 $ 22,544,545 $ 18,345,675 $ 26,339,158 $ Plan Fiduciary Net Position as a Percentage of
the Total OPEB Liability 17.00% 22.84% 15.03% 18.21% 20.50% 14.28% Covered - Employee Payroll 37,293,730 $ 32,857,278 $ 28,448,165 $ 27,686,736 $ 26,037,530 $ 25,344,468 $ Net OPEB Liability as Percentage of Covered -
Employee Payroll 75.20% 68.09% 103.28% 81.43% 70.46% 103.92% Notes to Schedule:

Benefit Changes:

There w ere no changes in benefits.

Changes in Assumptions:

From fiscal year June 30, 2018 to June 30, 2019
The discount rate w as changed from 4.12% to 7.00%.

From fiscal year June 30, 2019 to June 30, 2020
The inflation rate w as changed from 2.75% to 2.50% and projected salary increase w as changed from 3.0% to 2.75%.

From fiscal year June 30, 2020 to June 30, 2021
The discount rate w as changed from 7.00% to 5.20%.

From fiscal year June 30, 2021 to June 30, 2022
The discount rate w as changed from 5.2% to 7.00%.

From fiscal year June 30, 2022 to June 30, 2023
The discount rate w as changed from 7.00% to 5.70%
* Fiscal year 2018 w as the first year of implementation; therefore, only six years are show n. 586
City of Murrieta

Schedule of Contributions - OPEB
Last Ten Fiscal Years

-92-
6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 Actuarially Determined Contribution 3,277,322 $ 3,019,917 $ 3,043,480 $ 2,953,121 $ 2,396,299 $ 2,375,564 $ Contributions in Relation to the Actuarially
Determined Contributions (2,005,185) (1,859,804) (1,620,531) (1,407,397) (1,429,954) (1,357,606) Contribution Deficiency (Excess) 1,272,137 $ 1,160,113 $ 1,422,949 $ 1,545,724 $ 966,345 $ 1,017,958 $ Covered - Employee Payroll $41,390,955 $37,293,730 $32,857,278 $28,448,165 $27,686,736 $26,037,530 Contributions as a Percentage of Covered -
Employee Payroll 4.80% 4.99% 4.93% 4.95% 5.16% 5.21%
Notes to Schedule:

Valuation Date 6/30/2022 6/30/2021 6/30/2019 6/30/2019 6/30/2017 6/30/2017 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 Level Level Level Level Level Level Percentage of
Payroll, Closed
Percentage of
Payroll, Closed
Percentage of
Payroll, Closed
Percentage of
Payroll, Closed
Percentage of
Payroll, Closed
Percentage of
Payroll, Closed
Asset Valuation Method Fair Value Fair Value Fair Value Fair Value Fair Value Fair Value Inflation 2.30% 2.30% 2.50% 2.50% 2.75% 2.75%
Salary Increases 2.80% 2.80% 2.75% 2.75% 3.00% 3.25%
Investment Rate of Return 5.70% 7.00% 7.00% 7.00% 7.00% 4.12% Mortality
* Fiscal year 2018 was the first year of implementation; therefore, only six years are shown.

Derived from CalPERS Pension Updated to Reflect Most Recent Study 587
City of Murrieta

Budgetary Comparison Schedule – General Fund
For the Year Ended June 30, 2023

-93-
Original Final Actual
Variance with
Final Budget

REVENUES
Taxes 64,935,800 $ 79,398,447 $ 83,656,940 $ 4,258,493 $ Licenses and Permits 2,346,187 2,731,688 3,396,566 664,878 Intergovernmental 3,355,680 3,531,972 5,241,204 1,709,232 Charges for Services 2,422,080 4,604,345 5,631,508 1,027,163 Use of Money and Property 404,200 805,020 1,318,538 513,518 Fines and Forfeitures 394,150 331,500 329,264 (2,236) Developer Participation - - - - Miscellaneous 367,030 191,353 418,238 226,885 Total Revenues 74,225,127 91,594,325 99,992,258 8,397,933

EXPENDITURES
Current:

General Government:

City Council 192,358 221,048 223,132 (2,084) City Attorney 600,000 600,000 247,250 352,750 General Administration 1,967,183 2,392,653 2,211,235 181,418 Animal Control 433,830 433,830 480,309 (46,479) Emergency Services - - 25,645 (25,645) Administrative Services 673,276 768,722 738,943 29,779 Human Resources 1,259,474 1,407,980 1,404,923 3,057 City Clerk 1,051,824 1,299,817 1,234,762 65,055 Finance 2,596,776 2,622,370 2,697,161 (74,791) Nondepartmental 1,868,081 3,497,983 2,623,351 874,632 Subtotal General Government 10,642,802 13,244,403 11,886,711 1,357,692 Public Safety:

Police Administration 3,444,851 4,405,000 4,327,841 77,159 Police Operations 17,563,354 17,647,915 17,329,782 318,133 Police Support 17,688,401 13,398,775 12,932,907 465,868 Police Communications - 4,292,290 4,639,831 (347,541) Fire Administration 644,987 836,971 612,786 224,185 Fire Operations 2,126,252 2,655,621 2,901,253 (245,632) Subtotal Public Safety 41,467,845 43,236,572 42,744,400 492,172 Community Development:

Economic Development 2,363,681 2,623,627 2,418,042 205,585 Planning 2,783,018 3,876,620 2,952,095 924,525 Building and Safety 2,315,495 2,525,239 2,160,838 364,401 Subtotal Community Development 7,462,194 9,025,486 7,530,975 1,494,511 Parks and Recreation 1,047,671 974,686 890,670 84,016 Public Works:

Engineering 3,754,391 3,503,899 3,604,617 (100,718) Maintenance 1,108,908 952,332 1,099,592 (147,260) Street Lights 131,000 181,000 150,925 30,075 Facilities Maintenance 1,191,039 1,283,603 1,230,728 52,875 Subtotal Public Works 6,185,338 5,920,834 6,085,862 (165,028) Capital Outlay 1,344,160 2,722,326 3,682,485 (960,159) Debt Service:

Principal - 32,028 32,028 - Interest - 372 372 - Subtotal Debt Service - 32,400 32,400 - Total Expenditures 68,150,010 75,156,707 72,853,503 2,303,204 Excess of Revenues Over Expenditures 6,075,117 16,437,618 27,138,755 10,701,137

OTHER FINANCING SOURCES (USES)
Transfers In 307,010 2,028,927 8,805 (2,020,122) Transfers Out (8,248,351) (11,507,207) (5,371,264) 6,135,943 Capital Lease Proceeds - - 110,390 110,390 Sale of Capital Assets (20,000) - 21,566 21,566 Total Other Financing Sources (Uses) (7,961,341) (9,478,280) (5,230,503) 4,247,777 NET CHA NGE IN FUND BA LA NCES (1,886,224) 6,959,338 21,908,252 14,948,914 Fund Balances, beginning of year 105,258,930 105,258,930 105,258,930 - Fund Balances, end of year 103,372,706$ 112,218,268 $ 127,167,182 $ 14,948,914 $ Budgeted Amounts

588
City of Murrieta

Budgetary Comparison Schedule – Fire District Special Revenue Fund For the Year Ended June 30, 2023

-94-
Original Final Actual
Variance with
Final Budget

REVENUES
Taxes 12,798,588 $ 13,002,082 $ 15,319,706 $ 2,317,624 $ Assessments 1,525,915 1,525,915 1,551,897 25,982 Licenses and permits - - 1,313 1,313 Intergovernmental 600,000 900,000 766,909 (133,091) Charges for Services 469,405 391,655 452,381 60,726 Use of Money and Property 141,190 139,690 269,128 129,438 Fines and Forfeitures 30,000 30,000 251,205 221,205 Miscellaneous 21,000 19,804 57,646 37,842 Total Revenues 15,586,098 16,009,146 18,670,185 2,661,039

EXPENDITURES
Current:

Public Safety 20,943,899 22,420,791 21,790,922 629,869 Total Expenditures 20,943,899 22,420,791 21,790,922 629,869

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (5,357,801) (6,411,645) (3,120,737) 3,290,908

OTHER FINA NCING USES
Transfers In 5,658,251 6,313,333 2,863,920 (3,449,413) Transfers Out (300,450) - - - Total Other Financing Uses 5,357,801 6,313,333 2,863,920 (3,449,413) NET CHANGE IN FUND BA LA NCES - (98,312) (256,817) (158,505) Fund Balances, beginning of year 3,979,162 3,979,162 3,979,162 - Fund Balances, end of year 3,979,162$ 3,880,850 $ 3,722,345 $ (158,505) $ Budgeted Amounts

589
City of Murrieta

Budgetary Comparison Schedule – Federal Grants Special Revenue Fund For the Year Ended June 30, 2023

-95-
Original Final Actual
Variance with
Final Budget

REVENUES
Intergovernmental - $ 11,951,125$ 7,114,681 $ (4,836,444) $ Use of Money and Property - - 323,576 323,576 Total Revenues - 11,951,125 7,438,257 (4,512,868)

EXPENDITURES
Current:

General Government - 10,266,601 3,883,686 6,382,915 Public Safety 670,731 1,547,327 1,044,744 502,583 Parks and Recreation - - 14,583 (14,583) Capital Outlay - - 39,200 (39,200) Total Expenditures 670,731 11,813,928 4,982,213 6,831,715

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (670,731) 137,197 2,456,044 2,318,847

OTHER FINANCING USES
Transfers Out - (1,500,000) (1,500,000) - Total Other Financing Uses - (1,500,000) (1,500,000) - NET CHA NGE IN FUND BA LANCES (670,731) (1,362,803) 956,044 2,318,847 Fund Balances, beginning of year (1,189,116) (1,189,116) (1,189,116) - Fund Balances, end of year (1,859,847)$ (2,551,919) $ (233,072) $ 2,318,847 $ Budgeted Amounts

590
City of Murrieta

Notes to Required Supplementary Information
For the Year Ended June 30, 2023

-96-
NOTE 1 BUDGETARY DATA

General Budget Policies

The City Council approves the bi-annual budget submitted by the City Manager prior to the beginning of the new fiscal year. A workshop and public meetings are held prior to its adoption by Council. Supplemental appropriations, where required during the period, are also approved by the Council. There were several supplemental appropriations required during the year. At fiscal year-end, all operating budget appropriations lapse.

Expenditures are monitored at the departmental level for the general fund and the fund level for all other funds with a legally adopted budget. These levels are considered the legal level of control.

Department heads are authorized to transfer budgeted amounts within their departments, within the same fund, with the approval of the City Manager. Transfers of appropriations between departments may be made only by authority of the City Manager. Transfers of appropriations between funds may be made only by authority of the City Council. Formal budgetary integration is employed as a management control device during the fiscal year for all governmental funds.

Annual budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America for all governmental funds except for certain special revenue and capital projects funds, which adopt project-length budgets.

Budgets were adopted for all funds except the Opioid Settlement special revenue fund, 2016B LARB and 2022A LARB debt service funds.

Encumbrances

Encumbrances are estimations of costs related to unperformed contracts for goods and services. These commitments are recorded for budgetary control purposes in the General, Special Revenue, and similar governmental funds. Encumbrances outstanding at year-end are reported as a committed fund balance. They represent the estimated amount of the expenditure ultimately to result if unperformed contracts in process at year-end are completed.

They do not constitute expenditures or estimated liabilities.

The Developer Agreement, Development Impact Fee, Other Grants, Reimbursement Agreement, TUMF, Federal Grants, Road Maintenance, and Rehabilitation Account Special Revenue funds and the Area Drainage Capital Projects Fund are appropriated on a project length capital improvement budget process.

591

SUPPLEMENTARY INFORMATION
592
City of Murrieta

Consolidating Schedule of Balance Sheet by Sub Fund – General Fund For the Year Ended June 30, 2023

-97-
General Measure T Capital Traffic Safety
ASSETS
Pooled Cash and Investments 54,961,537 $ 48,566,630 $ 8,220,284 $ 118,974 $ Receivables:

Accounts 911,501 - - - Taxes 6,528,622 5,042,175 - - Loans 3,399,683 149,077 - - Accrued Interest 1,306,466 - - - Prepaid Costs and Other Assets 316,689 55,315 - - Inventories 15,842 - - - Due from Other Governments 449,243 2,860 - - Due from Other Funds 1,783,021 - - - Advance to Other Funds 245,000 - - - Restricted Assets:

Cash and Investments with Fiscal Agents 73,267 - - - Total Assets 69,990,871 $ 53,816,057 $ 8,220,284 $ 118,974 $

LIABILITIES
Accounts Payable 1,486,302 $ 207,647 $ 8,971 $ 280 $ Accrued Liabilities 1,531,784 650,363 25,262 - Deposits Payable 649,382 - 70,967 - Unearned Revenue 200,000 - - - Due to Other Governments 653 - - - Due to other Funds - - - - Total Liabilities 3,868,121 858,010 105,200 280

DEFERRED INFLOWS OF RESOURCES
Unavailable Revenues:

Accounts 195,428 - - - Grants - - - - Accrued Interest 1,034,128 - - - Total Deferred Inflows of Resources 1,229,556 - - -

FUND BALANCES (DEFICITS)
Nonspendable 3,977,214 204,392 - - Restricted 225,188 - - - Committed 23,582,973 21,540,828 4,911,135 114,967 Assigned 52,482 - - - Unassigned 37,055,337 31,212,827 3,203,949 3,727 Total Fund Balances (Deficits) 64,893,194 52,958,047 8,115,084 118,694 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficits) 69,990,871$ 53,816,057 $ 8,220,284 $ 118,974 $

593
City of Murrieta

Consolidating Schedule of Balance Sheet by Sub Fund – General Fund (Continued) For the Year Ended June 30, 2023

-98-
Crime
Prevention
Vehicle
Replacement Deposits Elimination Total
-$ 1,086,854$ 7,984,852 $ - $ 120,939,131$ 107,700 - 614,997 - 1,634,198 - - - - 11,570,797 - - - - 3,548,760 - - - - 1,306,466 - - - - 372,004 - - - - 15,842 - - - - 452,103 - - - (61,377) 1,721,644 - - - - 245,000 - - - - 73,267 107,700$ 1,086,854 $ 8,599,849 $ (61,377) $ 141,879,212$ -$ 39 $ 74,091$ - $ 1,777,330$ 5,126 - - - 2,212,535 - - 8,525,758 - 9,246,107 - - - - 200,000 - - - - 653 61,377 - - (61,377) - 66,503 39 8,599,849 (61,377) 13,436,625 45,850 - - - 241,278 - - - - - - - - - 1,034,128 45,850 - - - 1,275,406 - - - - 4,181,606 - - - - 225,188 63,852 1,015,909 - - 51,229,664 4,560 - - - 57,042 (73,065) 70,906 - - 71,473,681 (4,653) 1,086,815 - - 127,167,181 107,700$ 1,086,854 $ 8,599,849 $ (61,377) $ 141,879,212$

594
City of Murrieta

Consolidating Schedule of Revenues, Expenditures, and
Changes in Fund Balance by Sub Fund – General Fund
For the Year Ended June 30, 2023

-99-
General Measure T Capital Traffic Safety

REVENUES
Taxes 55,118,687 $ 28,538,253 $ - $ - $ Licenses and Permits 3,396,566 - - - Intergovernmental 5,241,204 - - - Charges for Services 5,631,508 - - - Use of Money and Property 1,291,098 - - 2,782 Fines and Forfeitures 267,947 - - 10,117 Miscellaneous 418,238 - - - Total Revenues 71,365,248 28,538,253 - 12,899

EXPENDITURES
Current:

General Government 11,131,538 754,684 - - Public Safety 34,401,286 8,196,177 - 11,040 Community Development 7,017,920 513,055 - - Parks and Recreation 328,449 562,221 - - Public Works 5,275,873 809,989 - - Capital Outlay 875,612 2,285,341 521,532 - Debt Service:

Principal Retirement 25,087 6,942 - - Interest and Fiscal Charges 372 - - - Total Expenditures 59,056,137 13,128,409 521,532 11,040

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 12,309,111 15,409,844 (521,532) 1,859

OTHER FINANCING SOURCES (USES)
Transfers In 41,532 - 1,996,200 - Transfers Out (1,306,275) (6,032,272) (61,644) - SBITA Acquisition 75,246 35,144 - - Sale of Capital Assets 21,566 - - - Total Other Financing Sources (Uses) (1,167,931) (5,997,128) 1,934,556 - NET CHA NGE IN FUND BA LANCES 11,141,180 9,412,716 1,413,024 1,859 Fund Balances, beginning of year, as restated (Note 19) 53,752,014 43,545,331 6,702,060 116,835 Fund Balances, end of year 64,893,194 $ 52,958,047 $ 8,115,084 $ 118,694 $

595
City of Murrieta

Consolidating Schedule of Revenues, Expenditures, and
Changes in Balances by Sub Fund – General Fund (Continued) For the Year Ended June 30, 2023

-100-
Crime
Prevention
Vehicle
Replacement Deposits Elimination Total
-$ - $ - $ - $ 83,656,940$ - - - - 3,396,566 - - - - 5,241,204 - - - - 5,631,508 - 24,658 - - 1,318,538 51,200 - - - 329,264 - - - - 418,238 51,200 24,658 - - 99,992,258 - 489 - - 11,886,711 135,897 - - - 42,744,400 - - - - 7,530,975 - - - - 890,670 - - - - 6,085,862 - - - - 3,682,485 - - - - 32,029 - - - - 372 135,897 489 - - 72,853,504 (84,697) 24,169 - - 27,138,754 - - - (2,028,927) 8,805 - - - 2,028,927 (5,371,264) - - - - 110,390 - - - - 21,566 - - - - (5,230,503) (84,697) 24,169 - - 21,908,251 80,044 1,062,646 - - 105,258,930 (4,653)$ 1,086,815$ - $ - $ 127,167,181$

596

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597

NONMAJOR GOVERNMENTAL FUNDS
598
City of Murrieta

Combining Balance Sheet – Nonmajor Governmental Funds
For the Year Ended June 30, 2023

-101-
State Gas Tax Measure A
Air Quality
Management
District Block Grants
ASSETS
Pooled Cash and Investments 10,521,641 $ 11,034,469 $ 850,542 $ - $ Receivables:

Accounts 2,157 - 504 12,146 Taxes 246,971 - - - Loans - - - - Accrued Interest - - - - Leases - - - - Prepaid Costs - - - - Due from Other Governments 2,236 657,214 37,081 244,870 Land Held for Resale - - - - Restricted Assets:

Investment in Local Agency Bonds - - - - Cash and Investments with Fiscal Agents - - - - Total Assets 10,773,005 $ 11,691,683 $ 888,127 $ 257,016 $

LIABILITIES
Accounts Payable 32,203 $ 14,111 $ 59,120 $ 6,933 $ Accrued Liabilities 253,942 121,996 - - Deposits Payable - - - - Unearned Revenue - - - - Due to Other Funds - - - 222,347 Total Liabilities 286,145 136,107 59,120 229,280

DEFERRED INFLOWS OF RESOURCES
Unavailable Revenues:

Accounts 2,236 321,009 37,081 - Grants - - - 163,201 Deferred Inflows Related to Leases - - - - Total Deferred Inflows of Resources 2,236 321,009 37,081 163,201

FUND BALANCES (DEFICITS)
Nonspendable - - - - Restricted 10,484,624 11,234,567 791,926 - Unassigned - - - (135,465) Total Fund Balances (Deficits) 10,484,624 11,234,567 791,926 (135,465) Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficits) 10,773,005$ 11,691,683 $ 888,127 $ 257,016 $ Special Revenue

599
City of Murrieta

Combining Balance Sheet – Nonmajor Governmental Funds (Continued) For the Year Ended June 30, 2023

-102-
Seized Assets
Forfeitures SLESF
Murrieta Public
Library NPDES
Reimbursement
Agreement
Fund TUMF
Housing
Authority
963,196$ 183,250 $ 1,505,331 $ 1,023,852 $ - $ - $ 2,917,457$ - - 721 92,993 - - 48,272 - - 115,909 - - - - - - - - - - 8,953,917 - - - - - - 488,976 - - - - - - - 1,000 430 4,263 - - - 171 8,350 - - 242,463 - 393,378 - - - - - - - 3,515,665 - - - - - - - 280,232 - - - - - - 1,252,778$ 183,680 $ 1,626,224 $ 1,359,308 $ - $ 393,378$ 15,924,458$ 2,729$ 17 $ 137,325$ 11,173 $ - $ 147,803$ 2,514 $ 778 42,841 99,763 15,361 - - - 137 - 1,000 - 19,450 - - - - - - - - - 251,633 - - - - 233,460 - 255,277 42,858 238,088 26,534 19,450 381,263 2,514
- - - 335,456 - 393,378 706,722 - - - - - - - - - - - - - - - - - 335,456 - 393,378 706,722 1,000 430 4,263 - - - 171 996,501 140,392 1,383,873 997,318 - - 15,215,051 - - - - (19,450) (381,263) - 997,501 140,822 1,388,136 997,318 (19,450) (381,263) 15,215,222 1,252,778$ 183,680 $ 1,626,224 $ 1,359,308 $ - $ 393,378$ 15,924,458$ Special Revenue (Continued)
600
City of Murrieta

Combining Balance Sheet – Nonmajor Governmental Funds (Continued) For the Year Ended June 30, 2023

-103-
Special Revenue (Continued)
Community
Services District
Road
Maintenance and
Rehabilitation
Account Other Grants
Developer
Agreement
ASSETS
Pooled Cash and Investments 7,442,440 $ 4,567,520 $ 1,064,519 $ 4,393,972 $ Receivables:

Accounts 12,838 - - - Taxes 138,810 - - - Loans - - - - Accrued Interest - - - - Leases 676,922 - - - Prepaid Costs 5,674 - - - Due from Other Governments - 434,803 309,219 - Land Held for Resale - - - - Restricted Assets:

Investment in Local Agency Bonds - - - - Cash and Investments with Fiscal Agents - - - - Total Assets 8,276,684 $ 5,002,323 $ 1,373,738 $ 4,393,972 $

LIABILITIES
Accounts Payable 724,349 $ 9,630 $ 52,961 $ 141 $ Accrued Liabilities 180,578 139,940 14,465 6,590 Deposits Payable 58,451 - - 2,301,000 Unearned Revenue - - 1,064,594 - Due to Other Funds - - 195,360 - Total Liabilities 963,378 149,570 1,327,380 2,307,731

DEFERRED INFLOWS OF RESOURCES
Unavailable Revenues:

Accounts 2,315 - - - Grants - - 216,960 - Deferred Inflows Related to Leases 647,897 - - - Total Deferred Inflows of Resources 650,212 - 216,960 -

FUND BALANCES (DEFICITS)
Nonspendable 5,674 - - - Restricted 6,657,420 4,852,753 - 2,086,241 Unassigned - - (170,602) - Total Fund Balances (Deficits) 6,663,094 4,852,753 (170,602) 2,086,241 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficits) 8,276,684$ 5,002,323 $ 1,373,738 $ 4,393,972 $

601
City of Murrieta

Combining Balance Sheet – Nonmajor Governmental Funds (Continued) For the Year Ended June 30, 2023

-104-
Special
Revenue
Fund
Opioid
Settlement
Community
Facilities
District Area Drainage
South West
Road
and Bridge Citywide 2016B LARB 2022A LARB
96,189$ - $ 5,875,150$ 267,461 $ 6,487 $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 757,290 - - - - - - - - - - - - - - - - - - 1,631,638 - - 4,014 329,994 1,509,695 96,189$ 1,631,638$ 5,875,150 $ 1,024,751 $ 10,501 $ 329,994 $ 1,509,695 $ -$ 10,548$ 27,995 $ 8 $ 5 $ - $ - $ - - - - - - - - - - - - - - 89,608 - - - - - - - - - - - - - 89,608 10,548 27,995 8 5 - - - - - 757,290 - - - - - - - - - - - - - - - - - - - - 757,290 - - - - - - - - - - 6,581 1,621,090 5,847,155 267,453 10,496 329,994 1,509,695 - - - - - - - 6,581 1,621,090 5,847,155 267,453 10,496 329,994 1,509,695 96,189$ 1,631,638$ 5,875,150 $ 1,024,751 $ 10,501 $ 329,994 $ 1,509,695 $ Capital Projects Debt Service

602

THIS PAGE INTENTIONALLY LEFT BLANK
603
City of Murrieta

Combining Balance Sheet – Nonmajor Governmental Funds (Concluded) For the Year Ended June 30, 2023

-105-
Permanent
Town Hall
Association
Total Other
Governmental
Funds

ASSET S
Pooled Cash and Investments 509,749 $ 53,223,225$ Receivables:

Accounts - 169,631
Taxes - 501,690
Loans - 8,953,917
Accrued Interest - 488,976
Leases - 676,922
Prepaid Costs - 11,538
Due from Other Governments - 3,086,904 Land Held for Resale - 3,515,665
Restricted Assets:

Investment in Local Agency Bonds - - Cash and Investments with Fiscal Agents - 3,755,573 Total Assets 509,749 $ 74,384,041$

LIABILITIES
Accounts Payable 19 $ 1,239,584$
Accrued Liabilities - 876,254
Deposits Payable - 2,380,038
Unearned Revenue - 1,154,202
Due to Other Funds - 902,800
Total Liabilities 19 6,552,878

DEFERRED INFLOWS OF RESOURCES
Unavailable Revenues:

Accounts - 2,555,487
Grants - 380,161
Deferred Inflows Related to Leases - 647,897 Total Deferred Inflows of Resources - 3,583,545

FUND BA LA NCES (DEFICITS)
Nonspendable 500,000 511,538
Restricted 9,730 64,442,860
Unassigned - (706,780)
Total Fund Balances (Deficits) 509,730 64,247,618 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficits) 509,749$ 74,384,041$ 604
City of Murrieta

Combining Statement of Revenues, Expenditures, and Changes in Fund Balance – Nonmajor Governmental Funds
For the Year Ended June 30, 2023

-106-
Special Revenue
State Gas Tax Measure A
Air Quality
Management
District Block Grants

REVENUES
Taxes -$ - $ - $ - $ Assessments - - - - Intergovernmental 2,815,689 3,419,266 147,566 75,713 Charges for Services - - - - Use of Money and Property 248,385 229,471 17,633 - Fines and Forfeitures - - - - Developer Participation - - - - Miscellaneous - 316,088 - - Total Revenues 3,064,074 3,964,825 165,199 75,713

EXPENDITURES
Current:

General Government - - - 64,199 Public Safety - - - - Community Development - - - - Parks and Recreation - - - - Public Works 2,373,838 5,015 257 - Capital Outlay 634,094 877,315 65,989 - Debt Service:

Principal Retirement - - - - Interest and Fiscal Charges - - - - Total Expenditures 3,007,932 882,330 66,246 64,199

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 56,142 3,082,495 98,953 11,514

OTHER FINANCING SOURCES (USES)
Transfers In - - - 34,668 Transfers Out - (730,600) - - Total Other Financing Sources (Uses) - (730,600) - 34,668 NET CHA NGE IN FUND BA LA NCES 56,142 2,351,895 98,953 46,182 Fund Balances (Deficits), beginning of year, as restated (Note 19) 10,428,482 8,882,672 692,973 (181,647) Fund Balances (Deficits), end of year 10,484,624 $ 11,234,567 $ 791,926 $ (135,465) $ 605
City of Murrieta

Combining Statement of Revenues, Expenditures, and Changes in Fund Balance – Nonmajor Governmental Funds (Continued)
For the Year Ended June 30, 2023

-107-
Special Revenue
Seized Assets
Forfeitures SLESF
Murrieta Public
Library NPDES
Reimbursement
Agreement
Fund TUMF
Housing
Authority
-$ - $ 2,654,456$ - $ - $ - $ - $ - - - 147,682 - - - 905 286,885 - - - - - - - 4,693 - - - - 24,822 4,296 45,862 30,990 - - 177,929 - - 20,735 - - - - - - - - - - - 2,500 - 24,664 - - - 6,500 28,227 291,181 2,750,410 178,672 - - 184,429 - - - - - - - 56,895 374,665 - - - - - - - - - - - 43,742 - - 2,829,028 - - - - - - - 872,291 - - - 37,657 - - - - 393,377 - 157,883 - - - - - - 8,933 - - - - - - 261,368 374,665 2,829,028 872,291 - 393,377 43,742 (233,141) (83,484) (78,618) (693,619) - (393,377) 140,687 83,696 - 61,541 300,000 - - 1,500,000 - - - - - - - 83,696 - 61,541 300,000 - - 1,500,000 (149,445) (83,484) (17,077) (393,619) - (393,377) 1,640,687 1,146,946 224,306 1,405,213 1,390,937 (19,450) 12,114 13,574,535 997,501$ 140,822 $ 1,388,136 $ 997,318 $ (19,450) $ (381,263) $ 15,215,222 $ 606
City of Murrieta

Combining Statement of Revenues, Expenditures, and Changes in Fund Balance – Nonmajor Governmental Funds (Continued)
For the Year Ended June 30, 2023

-108-
Special Revenue
Community
Services District
Road
Maintenance and
Rehabilitation
Account Other Grants
Developer
Agreement

REVENUES
Taxes -$ - $ - $ - $ Assessments 9,418,868 - - - Intergovernmental - 2,481,328 528,834 - Charges for Services 605,491 - - - Use of Money and Property 280,680 120,190 6,192 99,892 Fines and Forfeitures - - - - Developer Participation - - - 29,000 Miscellaneous 26,876 - - - Total Revenues 10,331,915 2,601,518 535,026 128,892

EXPENDITURES
Current:

General Government - - 191,835 - Public Safety - - 143,276 - Community Development - - - - Parks and Recreation 12,113,399 - 55,038 - Public Works - 42,956 - 1,746 Capital Outlay 45,958 2,835,028 415,292 91,500 Debt Service:

Principal Retirement - - - - Interest and Fiscal Charges - - - - Total Expenditures 12,159,357 2,877,984 805,441 93,246

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (1,827,442) (276,466) (270,415) 35,646

OTHER FINANCING SOURCES (USES)
Transfers In 1,881,225 - - - Transfers Out (425,846) - (8,805) - Total Other Financing Sources (Uses) 1,455,379 - (8,805) - NET CHA NGE IN FUND BALA NCES (372,063) (276,466) (279,220) 35,646 Fund Balances (Deficits), beginning of year, as restated (Note 19) 7,035,157 5,129,219 108,618 2,050,595 Fund Balances (Deficits), end of year 6,663,094 $ 4,852,753 $ (170,602) $ 2,086,241 $ 607
City of Murrieta

Combining Statement of Revenues, Expenditures, and Changes in Fund Balance – Nonmajor Governmental Funds (Continued)
For the Year Ended June 30, 2023

-109-
Special
Revenue
Fund
Opioid
Settlement
Community
Facilities
District Area Drainage
South West
Road
and Bridge Citywide 2016B LARB 2022A LARB
-$ - $ - $ - $ - $ - $ - $ - - - - - 628,588 2,655,855 - - - 69,611 - - - - - - - - - - 371 47,964 132,338 5,277 6,235 9,210 17,935 - - - - - - - - - 114,420 - - - - 6,210 - - - - - 3,272 6,581 47,964 246,758 74,888 6,235 637,798 2,677,062 - - - - 6 - - - - - - - - - - - - - - - - - - - - - - - - - 2,670 94 - - - - 10,548 19,858 - - - - - - - - 997,003 420,000 1,655,000 - - - - 309,087 208,588 1,000,855 - 10,548 22,528 94 1,306,096 628,588 2,655,855 6,581 37,416 224,230 74,794 (1,299,861) 9,210 21,207 - - - - 1,308,411 - - - - - - - - - - - - - 1,308,411 - - 6,581 37,416 224,230 74,794 8,550 9,210 21,207 - 1,583,674 5,622,925 192,659 1,946 320,784 1,488,488 6,581$ 1,621,090$ 5,847,155 $ 267,453 $ 10,496 $ 329,994 $ 1,509,695 $ Capital Projects Debt Service

608
City of Murrieta

Combining Statement of Revenues, Expenditures, and Changes in Fund Balance – Nonmajor Governmental Funds (Concluded)
For the Year Ended June 30, 2023

-110-
Permanent
Town Hall
Association
Total Other
Governmental
Funds

REVENUES
Taxes - $ 2,654,456$
Assessments - 12,850,993
Intergovernmental - 9,825,797
Charges for Services - 610,184
Use of Money and Property 11,614 1,517,286 Fines and Forfeitures - 20,735
Developer Participation - 143,420
Miscellaneous - 386,110
Total Revenues 11,614 28,008,981

EXPENDITURES
Current:

General Government - 256,040
Public Safety - 574,836
Community Development - 43,742
Parks and Recreation 4,583 15,002,048 Public Works - 3,298,867
Capital Outlay - 5,426,616
Debt Service:

Principal Retirement - 3,229,886
Interest and Fiscal Charges - 1,527,463 Total Expenditures 4,583 29,359,498

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 7,031 (1,350,517)

OTHER FINA NCING SOURCES (USES)
Transfers In - 5,169,541
Transfers Out - (1,165,251)
Total Other Financing Sources (Uses) - 4,004,290 NET CHANGE IN FUND BALANCES 7,031 2,653,773 Fund Balances (Deficits), beginning of year, as restated (Note 19) 502,699 61,593,845 Fund Balances (Deficits), end of year 509,730 $ 64,247,618$ 609
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
State Gas Tax
For the Year Ended June 30, 2023

-111-
Original Final Actual
Variance with
Final Budget

REVENUES
Intergovernmental 2,955,663 $ 2,955,663 $ 2,815,689 $ (139,974) $ Use of Money and Property 70,000 70,000 248,385 178,385 Total Revenues 3,025,663 3,025,663 3,064,074 38,411

EXPENDITURES
Current:

Public Works 2,605,456 2,784,087 2,373,838 410,249 Capital Outlay - 118,153 634,094 (515,941) Total Expenditures 2,605,456 2,902,240 3,007,932 (105,692) NET CHA NGE IN FUND BA LA NCES 420,207 123,423 56,142 (67,281) Fund Balance, beginning of year 10,428,482 10,428,482 10,428,482 - Fund Balance, end of year 10,848,689 $ 10,551,905 $ 10,484,624 $ (67,281) $ Budgeted Amounts

610
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
Measure A
For the Year Ended June 30, 2023

-112-
Original Final Actual
Variance with
Final Budget

REVENUES
Intergovernmental 2,635,000 $ 2,635,000 $ 3,419,266 $ 784,266 $ Use of Money and Property 10,000 80,000 229,471 149,471 Miscellaneous - - 316,088 316,088 Total Revenues 2,645,000 2,715,000 3,964,825 1,249,825

EXPENDITURES
Current:

Public Works 41,300 41,300 5,015 36,285 Capital Outlay - 110,798 877,315 (766,517) Total Expenditures 41,300 152,098 882,330 (730,232)

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 2,603,700 2,562,902 3,082,495 519,593

OTHER FINANCING SOURCES (USES)
Transfers out (730,600) (730,600) (730,600) - NET CHANGE IN FUND BALANCE 1,873,100 1,832,302 2,351,895 519,593 Fund Balance, beginning of year 8,882,672 8,882,672 8,882,672 - Fund Balance, end of year 10,755,772 $ 10,714,974 $ 11,234,567 $ 519,593 $ Budgeted Amounts

611
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
Air Quality Management District
For the Year Ended June 30, 2023

-113-
Original Final Actual
Variance with
Final Budget

REVENUES
Intergovernmental 143,000 $ 143,000 $ 147,566 $ 4,566 $ Use of Money and Property 4,000 4,000 17,633 13,633 Miscellaneous - - - - Total Revenues 147,000 147,000 165,199 18,199

EXPENDITURES
Current:

Public Works 250 250 257 (7) Capital Outlay - - 65,989 (65,989) Total Expenditures 250 250 66,246 (65,996) NET CHA NGE IN FUND BALA NCE 146,750 146,750 98,953 (47,797) Fund Balance, beginning of year 692,973 692,973 692,973 - Fund Balance, end of year 839,723 $ 839,723 $ 791,926 $ (47,797) $ Budgeted Amounts

612
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
Block Grants
For the Year Ended June 30, 2023

-114-
Original Final Actual
Variance with
Final Budget

REVENUES
Intergovernmental 590,000 $ 1,137,170 $ 75,713 $ (1,061,457)$ Total Revenues 590,000 1,137,170 75,713 (1,061,457)

EXPENDITURES
Current:

General Government 69,000 616,170 64,199 551,971 Total Expenditures 69,000 616,170 64,199 551,971

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 521,000 521,000 11,514 (1,613,428)

OTHER FINA NCING SOURCES (USES)
Transfers in - 34,668 34,668 - NET CHA NGE IN FUND BA LA NCE 521,000 555,668 46,182 (509,486) Fund Balance (Deficit), beginning of year (181,647) (181,647) (181,647) - Fund Balance (Deficit), end of year 339,353 $ 374,021 $ (135,465) $ (509,486) $ Budgeted Amounts
613
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
Seized Assets Forfeitures
For the Year Ended June 30, 2023

-115-
Original Final Actual
Variance with
Final Budget

REVENUES
Intergovernmental 8,000 $ 8,000 $ 905 $ (7,095)$ Use of Money and Property 1,070 1,070 24,822 23,752 Miscellaneous - - 2,500 2,500 Total Revenues 9,070 9,070 28,227 19,157

EXPENDITURES
Current:

Public Safety 4,000 146,365 56,895 89,470 Capital Outlay - 42,145 37,657 4,488 Debt Service:

Principal 11,174 11,174 157,883 (146,709) Interest 197,490 197,490 8,933 188,557 Total Expenditures 212,664 397,174 261,368 135,806

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (203,594) (388,104) (233,141) (116,649)

OTHER FINANCING SOURCES (USES)
Transfers in - 83,696 83,696 - NET CHA NGE IN FUND BALA NCE (203,594) (304,408) (149,445) 154,963 Fund Balance, beginning of year 1,146,946 1,146,946 1,146,946 - Fund Balance, end of year 943,352 $ 842,538 $ 997,501 $ 154,963 $ Budgeted Amounts

614
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
Supplemental Law Enforcement Services Fund (SLESF)
For the Year Ended June 30, 2023

-116-
Original Final Actual
Variance with
Final Budget

REVENUES
Intergovernmental 178,000 $ 280,561 $ 286,885 $ 6,324 $ Use of Money and Property - 4,131 4,296 165 Total Revenues 178,000 284,692 291,181 6,489

EXPENDITURES
Current:

Public Safety 260,837 385,277 374,665 10,612 Total Expenditures 260,837 385,277 374,665 10,612 NET CHANGE IN FUND BALANCE (82,837) (100,585) (83,484) 17,101 Fund Balance, beginning of year, as restated 224,306 224,306 224,306 - Fund Balance, end of year 141,469 $ 123,721 $ 140,822 $ 17,101 $ Budgeted Amounts

615
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
Murrieta Public Library
For the Year Ended June 30, 2023

-117-
Original Final Actual
Variance with
Final Budget

REVENUES
Assessments 2,215,614 $ 2,215,614 $ 2,654,456 $ 438,842 $ Charges for services 8,850 8,850 4,693 (4,157) Use of Money and Property 18,600 18,600 45,862 27,262 Fines and Forfeitures 48,000 48,000 20,735 (27,265) Miscellaneous 46,700 51,887 24,664 (27,223) Total Revenues 2,337,764 2,342,951 2,750,410 407,459

EXPENDITURES
Current:

Parks and Recreation 2,800,790 2,823,799 2,829,028 (5,229) Total Expenditures 2,800,790 2,823,799 2,829,028 (5,229)

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (463,026) (480,848) (78,618) 402,230

OTHER FINANCING SOURCES (USES)
Transfers in 463,025 463,025 61,541 (401,484) NET CHANGE IN FUND BALANCE (1) (17,823) (17,077) 746 Fund Balance, beginning of year 1,405,213 1,405,213 1,405,213 - Fund Balance, end of year 1,405,212 $ 1,387,390 $ 1,388,136 $ 746 $ Budgeted Amounts

616
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
National Pollutant Discharge Elimination System (NPDES) For the Year Ended June 30, 2023

-118-
Original Final Actual
Variance with
Final Budget

REVENUES
Assessments 488,000 $ 488,000 $ 147,682 $ (340,318) $ Use of Money and Property 4,700 4,700 30,990 26,290 Total Revenues 492,700 492,700 178,672 (314,028)

EXPENDITURES
Current:

Public Works 1,122,756 1,097,285 872,291 224,994 Total Expenditures 1,122,756 1,097,285 872,291 224,994

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (630,056) (604,585) (693,619) (89,034)

OTHER FINA NCING SOURCES (USES)
Transfers In 300,000 300,000 300,000 - NET CHA NGE IN FUND BA LA NCES (330,056) (304,585) (393,619) (89,034) Fund Balance, beginning of year 1,390,937 1,390,937 1,390,937 - Fund Balance, end of year 1,060,881 $ 1,086,352 $ 997,318 $ (89,034) $ Budgeted Amounts

617
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
Reimbursement Agreement Fund
For the Year Ended June 30, 2023

-119-
Original Final Actual
Variance with
Final Budget

REVENUES
Intergovernmental - $ 154,020$ - $ (154,020)$ Total Revenues - 154,020 - (154,020)

EXPENDITURES
Capital Outlay - 154,020 - 154,020 Total Expenditures - 154,020 - 154,020

NET CHA NGE IN FUND BA LA NCE - - - - Fund Balance (Deficit), beginning of year (19,450) (19,450) (19,450) - Budgeted Amounts
618
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
TUMF
For the Year Ended June 30, 2023

-120-
Original Final Actual
Variance with
Final Budget

REVENUES
Total Revenues - $ - $ - $ - $

EXPENDITURES
Capital Outlay - 2,157,768 393,377 1,764,391 Total Expenditures - 2,157,768 393,377 1,764,391 NET CHA NGE IN FUND BA LA NCE - (2,157,768) (393,377) 1,764,391 Fund Balance, beginning of year 12,114 12,114 12,114 - Budgeted Amounts
619
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
Housing Authority
For the Year Ended June 30, 2023

-121-
Original Final Actual
Variance with
Final Budget

REVENUES
Use of Money and Property 44,000 $ 44,000 $ 177,929 $ 133,929 $ Miscellaneous - - 6,500 6,500 Total Revenues 44,000 44,000 184,429 140,429

EXPENDITURES
Current:

Community Development 108,700 264,262 43,742 220,520

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (64,700) (220,262) 140,687 360,949

OTHER FINANCING SOURCES (USES)
Transfers in - 1,500,000 1,500,000 - NET CHANGE IN FUND BA LA NCE (64,700) 1,279,738 1,640,687 360,949 Fund Balance, beginning of year 12,807,511 12,807,511 13,574,535 - Fund Balance, end of year 12,742,811 $ 14,087,249 $ 15,215,222 $ 360,949 $ Budgeted Amounts

620
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
Community Services District
For the Year Ended June 30, 2023

-122-
Original Final Actual
Variance with
Final Budget

REVENUES
Assessments 9,215,830 $ 9,215,830 $ 9,418,868 $ 203,038 $ Charges for Services 622,000 562,000 605,491 43,491 Use of Money and Property 145,805 145,805 280,680 134,875 Miscellaneous 1,000 1,000 26,876 25,876 Total Revenues 9,984,635 9,924,635 10,331,915 407,280

EXPENDITURES
Current:

Parks and Recreation 12,142,773 12,429,623 12,113,399 316,224 Capital Outlay - 40,000 45,958 (5,958) Total Expenditures 12,142,773 12,469,623 12,159,357 310,266

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (2,158,138) (2,544,988) (1,827,442) 717,546

OTHER FINANCING SOURCES (USES)
Transfers In 1,675,111 2,137,344 1,881,225 (256,119) Transfers Out (432,406) (425,846) (425,846) - Total Other Financing Sources (Uses) 1,242,705 1,711,498 1,455,379 (256,119) NET CHA NGE IN FUND BA LA NCE (915,433) (833,490) (372,063) 461,427 Fund Balances, beginning of year 7,035,157 7,035,157 7,035,157 - Fund Balances, end of year 6,119,724 $ 6,201,667 $ 6,663,094 $ 461,427 $ Budgeted Amounts

621
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
Road Maintenance and Rehabilitation Account
For the Year Ended June 30, 2023

-123-
Original Final Actual
Variance with
Final Budget

REVENUES
Intergovernmental 2,107,697 $ 2,107,697 $ 2,481,328 $ 373,631 $ Use of Money and Property - - 120,190 120,190 Total Revenues 2,107,697 2,107,697 2,601,518 493,821

EXPENDITURES
Current:

Public Works - - 42,956 (42,956) Capital Outlay - 6,097 2,835,028 (2,828,931) Total Expenditures - 6,097 2,877,984 (2,871,887) NET CHA NGE IN FUND BA LA NCE 2,107,697 2,101,600 (276,466) (2,378,066) Fund Balance, beginning of year 5,129,219 5,129,219 5,129,219 - Fund Balance, end of year 7,236,916 $ 7,230,819 $ 4,852,753 $ (2,378,066) $ Budgeted Amounts
622
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
Other Grants
For the Year Ended June 30, 2023

-124-
Original Final Actual
Variance with
Final Budget

REVENUES
Intergovernmental 29,840 $ 1,888,153$ 528,834 $ (1,359,319)$ Use of Money and Property 22,650 22,650 6,192 (16,458) Total Revenues 52,490 1,910,803 535,026 (1,375,777)

EXPENDITURES
Current:

General Government - 700 191,835 (191,135) Public Safety 30 157,069 143,276 13,793 Parks and Recreation 25,050 1,668,125 55,038 1,613,087 Capital Outlay - 355,960 415,292 (59,332) Total Expenditures 25,080 2,181,854 805,441 1,376,413

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 27,410 (271,051) (270,415) 636

OTHER FINA NCING SOURCES (USES)
Transfers Out - - (8,805) (8,805) NET CHA NGE IN FUND BALA NCE 27,410 (271,051) (279,220) (8,169) Fund Balance (Deficit), beginning of year 108,618 108,618 108,618 - Fund Balance (Deficit), end of year 136,028 $ (162,433) $ (170,602) $ (8,169) $ Budgeted Amounts
623
City of Murrieta

Budgetary Comparison Schedule – Special Revenue Fund –
Developer Agreement
For the Year Ended June 30, 2023

-125-
Original Final Actual
Variance with
Final Budget

REVENUES
Use of Money and Property 27,000 $ 27,000 $ 99,892 $ 72,892 $ Developer Participation - 29,000 29,000 - Total Revenues 27,000 56,000 128,892 72,892

EXPENDITURES
Current:

Public Works 2,250 2,250 1,746 504 Capital Outlay - 144,630 91,500 53,130 Total Expenditures 2,250 146,880 93,246 53,634 NET CHA NGE IN FUND BALA NCE 24,750 (90,880) 35,646 126,526 Fund Balance, beginning of year 2,050,595 2,050,595 2,050,595 - Fund Balance, end of year 2,075,345 $ 1,959,715 $ 2,086,241 $ 126,526 $ Budgeted Amounts

624
City of Murrieta

Budgetary Comparison Schedule – Capital Projects Fund – Community Facilities District
For the Year Ended June 30, 2023

-126-
Original Final Actual
Variance with
Final Budget

REVENUES
Use of Money and Property 16,000 $ 16,000 $ 47,964 $ 31,964 $ Total Revenues 16,000 16,000 47,964 31,964

EXPENDITURES
Capital Outlay - - 10,548 (10,548) Total Expenditures - - 10,548 (10,548) NET CHA NGE IN FUND BALA NCE 16,000 16,000 37,416 21,416 Fund Balance, beginning of year 1,583,674 1,583,674 1,583,674 - Fund Balance, end of year 1,599,674 $ 1,599,674 $ 1,621,090 $ 21,416 $ Budgeted Amounts

625
City of Murrieta

Budgetary Comparison Schedule – Capital Projects Fund – Area Drainage
For the Year Ended June 30, 2023

-127-
Original Final Actual
Variance with
Final Budget

REVENUES
Use of Money and Property 60,000 $ 60,000 $ 132,338 $ 72,338 $ Developer Participation 110,000 110,000 114,420 4,420 Total Revenues 170,000 170,000 246,758 76,758

EXPENDITURES
Current:

Public Works 4,200 4,200 2,670 1,530 Capital Outlay - 43,109 19,858 23,251 Total Expenditures 4,200 47,309 22,528 24,781 NET CHA NGE IN FUND BA LA NCE 165,800 122,691 224,230 101,539 Fund Balance, beginning of year 5,622,925 5,622,925 5,622,925 - Fund Balance, end of year 5,788,725 $ 5,745,616 $ 5,847,155 $ 101,539 $ Budgeted Amounts

626
City of Murrieta

Budgetary Comparison Schedule – Capital Projects Fund – South West Road and Bridge
For the Year Ended June 30, 2023

-128-
Original Final Actual
Variance with
Final Budget

REVENUES
Intergovernmental - $ - $ 69,611$ 69,611 $ Use of Money and Property 1,000 1,000 5,277 4,277 Total Revenues 1,000 1,000 74,888 73,888

EXPENDITURES
Current:

Public Works 60 60 94 (34) Total Expenditures 60 60 94 (34) NET CHA NGE IN FUND BA LA NCE 940 940 74,794 73,854 Fund Balance, beginning of year 192,659 192,659 192,659 - Fund Balance, end of year 193,599 $ 193,599 $ 267,453 $ 73,854 $ Budgeted Amounts
627
City of Murrieta

Budgetary Comparison Schedule – Debt Service Fund –
Citywide
For the Year Ended June 30, 2023

-129-
Original Final Actual
Variance with
Final Budget

REVENUES
Current
Use of Money and Property 50 $ 50 $ 6,235$ 6,185 $

EXPENDITURES
Current:

General Government - - 6 (6) Debt service:

Principal Retirement 928,196 928,196 997,003 (68,807) Interest and Fiscal Charges 486,961 486,961 309,087 177,874 Total Expenditures 1,415,157 1,415,157 1,306,096 109,061

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (1,415,107) (1,415,107) (1,299,861) 115,246

OTHER FINA NCING SOURCES (USES)
Transfers In 1,308,410 1,308,410 1,308,411 1 NET CHA NGE IN FUND BA LANCE (106,697) (106,697) 8,550 115,247 Fund Balance, beginning of year 1,946 1,946 1,946 - Fund Balance, end of year (104,751) $ (104,751) $ 10,496 $ 115,247 $ Budgeted Amounts
628

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629

INTERNAL SERVICE FUNDS
630

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631
City of Murrieta

Combining Statement of Fund Net Position – Internal Service Funds For the Year Ended June 30, 2023

-130-
Information
Technology
Risk
Management Total

ASSET S
Current Assets:

Cash and Investments 2,688,307 $ 1,652,531 $ 4,340,838 $ Accounts Receivable 10,446 - 10,446 Prepaid Costs 788,769 114,427 903,196 Inventory - 16,977 16,977 Deposits Held with Others - 4,836,312 4,836,312 Total Current Assets 3,487,522 6,620,247 10,107,769 Noncurrent:

Capital Assets, net 1,518,933 - 1,518,933 Total Assets 5,006,455 6,620,247 11,626,702

LIABILITIES
Current Liabilities:

Accounts Payable 139,921 19,922 159,843 Accrued Liabilities 77,674 15,881 93,555 Unearned Revenues 15 - 15 Accrued Compensated Absences 25,437 1,195 26,632 Accrued Claims and Judgments - 1,285,286 1,285,286 Lease and Subscription Liabilities 168,818 - 168,818 Total Current Liabilities 411,865 1,322,284 1,734,149 Noncurrent:

Accrued Compensated Absences 101,747 4,782 106,529 Accrued Claims and Judgments - 12,021,085 12,021,085 Lease and Subscription Liabilities 263,919 - 263,919 Total Noncurrent Liabilities 365,666 12,025,867 12,391,533 Total Liabilities 777,531 13,348,151 14,125,682

NET POSITION (DEFICIT)
Net Investment in Capital Assets 1,086,196 - 1,086,196 Restricted for PEG 421,778 - 421,778 Unrestricted 2,720,950 (6,727,904) (4,006,954) Total Net Position (Deficit) 4,228,924$ (6,727,904) $ (2,498,980) $ Governmental Activities - Internal
Service Funds

632
City of Murrieta

Combining Statement of Revenues, Expenditures, and Changes in Fund Net Position – Internal Service Funds
For the Year Ended June 30, 2023

-131-
Information
Technology
Risk
Management Total

OPERA TING REVENUES
Interdepartmental Charges 3,743,146 $ 8,017,594 $ 11,760,740 $ Franchise Taxes 44,679 - 44,679 Miscellaneous 1,721 470 2,191 Total Operating Revenues 3,789,546 8,018,064 11,807,610

OPERATING EXPENSES
Administration and General 3,769,590 4,239,268 8,008,858 Claims - 6,515,003 6,515,003 Depreciation and Amortization 526,512 - 526,512 Total Operating Expenses 4,296,102 10,754,271 15,050,373 OPERA TING INCOME (LOSS) (506,556) (2,736,207) (3,242,763)

NONOPERATING REVENUES (EXPENSES)
Interest Revenue 66,164 62,310 128,474 Interest Expense (1,001) - (1,001) Total Nonoperating Revenues (Expenses) 65,163 62,310 127,473 CHA NGES IN NET POSITION (441,393) (2,673,897) (3,115,290) Net Position (Deficit), beginning of year 4,670,317 (4,054,007) 616,310 Net Position (Deficit), end of year 4,228,924 $ (6,727,904) $ (2,498,980) $ Governmental Activities - Internal
Service Funds

633
City of Murrieta

Combining Statement of Cash Flows – Internal Service Funds June 30, 2023

-132-
Information
Technology
Risk
Management Total

CASH FLOWS FROM OPERATING ACTIVITIES
Cash Received from Interfund Service Provided 3,792,344$ 8,018,064 $ 11,810,408 $ Cash Paid to Suppliers for Goods and Services (2,242,084) (4,208,699) (6,450,783) Cash Paid to Employees for Services (1,317,337) (164,048) (1,481,385) Claims Paid - (3,465,691) (3,465,691) Net Cash Provided by Operating Activities 232,923 179,626 412,549

CASH FLOWS FROM CAPITAL AND RELATED

FINA NCING A CTIVITIES
Principal payments on subscription-based liability (179,364) (179,364) Principal payments on note (39,102) - (39,102) Interest payments on note (1,001) - (1,001) Net Cash Used by Noncapital
Financing Activities (219,467) - (219,467)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest Received 66,164 62,310 128,474 Net Cash Used by Investing Activities 66,164 62,310 128,474 NET CHA NGE IN CA SH A ND CA SH EQUIVA LENTS 79,620 241,936 321,556 Cash and Cash Equivalents, beginning of year * 2,608,687 1,410,595 4,019,282 Cash and Cash Equivalents, end of year 2,688,307 $ 1,652,531 $ 4,340,838 $

RECONCILIA TION OF OPERA TING (LOSS)

TO NET CASH PROVIDED BY OPERATING

A CTIVITIES
Operating (Loss) (506,556) $ (2,736,207)$ (3,242,763) $ Adjustments to Reconcile (Loss) Income to
Net Cash Provided (Used) by Operating Activities:

Depreciation and Amortization Expense 526,512 - 526,512 (Increase) Decrease in Accounts Receivable 2,798 - 2,798 (Increase) Decrease in Prepaid Costs 87,623 (9,852) 77,771 (Increase) Decrease in Inventory - (16,977) (16,977) (Increase) Decrease in Deposits Held with Others - (265,333) (265,333) (Increase) Decrease in Accounts Payable 95,650 (108,174) (12,524) Increase (Decrease) in Accrued Liabilities 7,821 2,299 10,120 Increase (Decrease) in Claims and Judgments - 3,314,645 3,314,645 Increase (Decrease) in Compensated Absences 19,075 (775) 18,300 Total Adjustments 739,479 2,915,833 3,655,312 Net Cash Provided by Operating Activities 232,923 $ 179,626 $ 412,549 $ Governmental Activities - Internal
Service Funds
*Deposits held with others was classified as part of cash and cash equivalents in prior year for the Risk Management Fund. The beginning cash balance has been adjusted to reclass the asset.

634

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635

STATISTICAL SECTION
636

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637
City of Murrieta

Statistical Section
For the Year Ended June 30, 2023

-133-
Statistical Section

This part of the City of Murrieta’s annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City’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.

x Net Position by Component
x Changes in Net Position
x Fund Balances of Governmental Funds
x Changes in Fund Balances of Governmental Funds

Revenue Capacity

These schedules contain information to help the reader assess the factors affecting the City’s ability to generate its property taxes.

x Assessed Value and Estimated Actual Value of Taxable Property x Direct and Overlapping Property Tax Rates
x Principal Property Tax Payers
x Property Tax Levies and Collections

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.

x Ratios of Outstanding Debt by Type
x Ratios of General Bonded Debt Outstanding
x Direct and Overlapping Governmental Activities Debt
x Legal Debt Margin Information

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 and help make comparisons over time and with other governments.

x Demographic and Economic Statistics
x Principal Employers
638
City of Murrieta

Statistical Section
For the Year Ended June 30, 2023

-134-
Operating Information

These schedules contain information about the City’s operations and resources to help the reader understand how the City’s financial information relates to the services the City provides and the size and scope of its operations.

x Full-Time Equivalent City Government Employees by Function/Program x Operating Indicators by Function/Program
x Capital Assets Statistics by Function/Program

Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year.

639
City of Murrieta

Net Position by Component
Last Ten Fiscal Years (Accrual Basis of Accounting)

-135-
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Governmental A ctivities
Net Investment in Capital Assets 484,691,786 $ 484,398,241 $ 474,770,950 $ 471,916,723 $ 473,090,324 $ 470,821,893 $ 465,074,857 $ 453,497,550 $ 442,591,027 $ 436,191,370 $ Restricted 81,040,723 79,838,599 87,273,906 89,929,796 105,088,044 111,079,503 103,136,669 94,056,151 186,274,667 123,733,392 Unrestricted 7,211,301 (16,592,998) (14,653,798) (13,848,839) (41,046,353) (31,457,063) (9,829,207) 23,522,302 (25,236,928) (840,095) Total Governmnetal Activities Net Position 572,943,810$ 547,643,842 $ 547,391,058 $ 547,997,680 $ 537,132,015 $ 550,444,333 $ 558,382,319 $ 571,076,003 $ 603,628,766 $ 559,084,667 $ Business-type Activities
Invested in Capital Assets, net of related debt - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Restricted - - - - - - - - - - Unrestricted - - - - - - - - - - Total Business-Type Activities Net Position -$ - $ - $ - $ - $ - $ - $ - $ - $ - $ Prim ary Government
Net Investmnet in Capital Assets 484,691,786 $ 484,398,241 $ 474,770,950 $ 471,916,723 $ 473,090,324 $ 470,821,893 $ 465,074,857 $ 453,497,550 $ 442,591,027 $ 436,191,370 $ Restricted 81,040,723 79,838,599 87,273,906 89,929,796 105,088,044 111,079,503 103,136,669 94,056,151 186,274,667 123,733,392 Unrestricted 7,211,301 (16,592,998) (14,653,798) (13,848,839) (41,046,353) (31,457,063) (9,829,207) 23,522,302 (25,236,928) (840,095) Total Primary Government Activities Net Position 572,943,810$ 547,643,842 $ 547,391,058 $ 547,997,680 $ 537,132,015 $ 550,444,333 $ 558,382,319 $ 571,076,003 $ 603,628,766 $ 559,084,667 $ Fiscal Year

640
City of Murrieta

Changes in Net Position
Last Ten Fiscal Years (Accrual Basis of Accounting)

-136-
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Expenses
Governmental Activities:

General Government 6,318,278 $ 10,272,032 $ 7,147,019 $ 6,897,851 $ 8,792,429 $ 9,946,480 $ 9,585,480 $ 10,584,605 $ 9,948,145 $ 17,679,910 $ Public Safety 36,928,765 37,185,694 36,159,079 39,540,555 46,256,080 45,498,308 49,295,183 58,821,008 55,338,998 72,862,928 Community development 2,637,132 4,620,996 3,785,546 3,583,540 4,520,971 4,238,848 5,758,019 5,440,727 5,385,148 8,202,449 Parks and recreation 13,911,513 14,018,797 13,285,200 14,036,956 15,937,895 14,346,304 12,702,695 15,090,578 16,246,798 19,336,947 Public works 24,140,175 11,854,445 16,499,024 15,479,683 14,632,165 16,196,832 7,014,041 24,720,807 21,449,510 19,808,063 Interest on Long-term debt 378,161 408,261 378,892 337,616 320,046 613,581 705,260 323,746 4,278,037 2,462,044 Principal retirement - - - - - - 1,111,972 - - - Cost Issuance - - - - - - 37,395 - - - Total Governmental Activities Expenses 84,314,024 78,360,225 77,254,760 79,876,201 90,459,586 90,840,353 86,210,045 114,981,471 112,646,636 140,352,341 Total Primary Government Expenses 84,314,024$ 78,360,225 $ 77,254,760 $ 79,876,201 $ 90,459,586 $ 90,840,353 $ 86,210,045 $ 114,981,471 $ 112,646,636 $ 140,352,341 $ Program Revenues
Governmental Activities:

Charges for Services:

General Government 323,067 $ 344,956 $ 393,066 $ 380,150 $ 339,285 $ 506,317 $ 358,992 $ 407,393 $ 766,593 $ 1,846,704 $ Public Safety 2,711,686 3,372,277 3,173,165 3,054,659 2,835,262 2,531,423 2,302,332 2,127,808 2,216,612 3,458,096 Community development 1,152,281 1,593,650 1,619,494 1,543,461 1,801,558 2,161,102 2,105,244 2,436,099 2,736,683 5,025,514 Parks and recreation 8,950,391 9,011,424 9,210,859 9,228,886 9,789,417 10,110,756 9,720,311 9,575,095 10,139,229 10,222,700 Public works 1,546,400 1,735,377 2,519,618 2,372,120 2,181,995 3,711,312 1,536,320 2,705,445 2,878,347 5,805,023 Operating Contributions:

General Government - - - - - - 28 100,213 52,631 4,201,413 Public Safety 1,856,699 1,771,525 1,912,293 2,125,732 2,846,717 2,193,855 3,048,607 6,307,152 5,412,566 3,261,229 Community development 17,000 127,269 - 87 978,185 357,434 192,013 393,691 67,755 122,061 Parks and recreation 12,017 561 - - 7,210 6,551 565,563 8,252 1,619 73,554 Public works 4,546 11,536 - - - - - - - - Capital Contributions and Grants:

Public Safety - 934,577 702,382 286,376 478,295 684,204 449,730 - - 100,744 Community development 2,806 - - - - - - - - - Parks and recreation - - 126,167 439,480 284,038 34,897 22,845 17,233 44,605 23,785 Public works 14,471,513 12,800,355 11,082,791 13,934,929 16,346,203 13,726,110 10,418,244 11,867,320 18,048,160 27,296,307 Total Governmental Activities Revenues 31,048,406 31,703,507 30,739,835 33,365,880 37,888,165 36,023,961 30,720,229 35,945,701 42,364,80 0 61,437,130 Total Primary Government Revenues 31,048,406$ 31,703,507 $ 30,739,835 $ 33,365,880 $ 37,888,165 $ 36,023,961 $ 30,720,229 $ 35,945,701 $ 42,364,800 $ 61,437,130 Net (Expense)/Revenue
Government Activities (53,265,618) (46,656,718) (46,514,925) (46,510,321) (52,571,421) (54,816,392) (55,489,816) (79,035,770) (70,281,83 6) (78,915,211) Total Primary Government Net Expenses (53,265,618)$ (46,656,718) $ (46,514,925) $ (46,510,321) $ (52,571,421) $ (54,816,392) $ (55,489,816) $ (79,035,770) $ (70,281,836) $ (78,915,211) $ Fiscal Year

641
City of Murrieta

Changes in Net Position (Continued)
Last Ten Fiscal Years (Modified Accrual Basis of Accounting)

-137-
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Changes in Net Position
Governmental Activities:

Taxes:

Property taxes, levied for general purpose 22,877,110$ 25,375,863 $ 26,976,510 $ 27,365,716 $ 18,318,390 $ 19,249,637 $ 20,426,934 $ 21,298,548 $ 21,804,948 $ 24,419,742 $ Property taxes, levied for Fire Safety - - - - 10,638,490 11,130,640 11,474,940 12,322,314 12,828,976 14,125,562 Property transfer tax 465,828 599,789 570,417 587,705 688,336 604,380 605,043 958,733 1,224,304 576,080 Transient occupancy taxes 152,266 180,655 406,402 588,862 1,034,918 1,377,892 1,275,998 1,388,646 2,111,609 1,907,457 Sales taxes 13,293,897 13,869,833 14,827,391 15,633,644 17,813,627 23,410,479 36,672,600 47,903,495 54,788,375 55,580,286 Franchise tax 3,690,452 3,698,577 3,645,115 3,557,828 3,648,879 3,609,689 4,027,797 4,692,590 4,644,997 4,915,332 Business licenses taxes 594,633 653,483 690,342 752,963 769,637 779,147 780,905 797,738 920,357 928,285 Intergovernmental, unrestricted:

Motor Vehicle in Lieu - - - - 60,489 54,500 93,491 84,757 133,053 113,965 Investment Income - - - - 783,865 3,844,936 5,304,590 (80,196) 2,168,412 4,579,089 Use of money and property 1,111,918 1,032,747 1,835,084 444,274 - - - - - - Gain on sale of asset - - - 456,254 14,615 808,656 87,574 1,370,549 - 21,566 Other 1,083,894 200,084 310,880 269,945 366,363 3,258,754 838,135 925,222 1,067,693 1,082,009 Total Governmental Activities 43,269,998 45,611,031 49,262,141 49,657,191 54,137,609 68,128,710 81,588,007 91,662,396 101,692,724 108,249,373 Total Prim ary Governm ent 43,269,998$ 45,611,031 $ 49,262,141 $ 49,657,191 $ 54,137,609 $ 68,128,710 $ 81,588,007 $ 91,662,396 $ 101,692,724 $ 108,249,373 $ Changes in Net Position
Governmental Activities (9,995,620) $ (1,045,687) $ 2,747,216 $ 3,146,870 $ 1,566,188 $ 13,312,318 $ 26,098,191 $ 12,626,626 $ 31,410,888 $ 29,334,162 $ Total Prim ary Governm ent (9,995,620)$ (1,045,687) $ 2,747,216 $ 3,146,870 $ 1,566,188 $ 13,312,318 $ 26,098,191 $ 12,626,626 $ 31,410,888 $ 29,334,162 $ Fiscal Year

642
City of Murrieta

Fund Balances of Governmental Funds
Last Ten Fiscal Years (Modified Accrual Basis of Accounting)

-138-
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
General Fund
Nonspendable 7,500 $ 4,830,894$ 4,823,933 $ 3,331,733 $ 2,557,690 $ 1,732,505 $ 3,102,003 $ 1,388,443 $ 4,480,717 $ 4,181,606 $ Restricted - - - - 6,760,566 1,102,039 1,102,039 795,242 203,435 225,188 Committed 4,421,985 4,441,271 4,778,387 4,521,921 16,212,641 22,506,936 22,504,550 39,848,266 59,624,816 51,229,664 Assigned 266,958 132,292 147,482 57,042 57,042 57,042 57,042 52,482 52,482 57,042 Unassigned 17,240,595 15,381,707 18,048,951 16,562,140 10,218,675 16,573,369 34,261,832 40,804,323 40,602,221 71,473,681 Total General Fund 21,937,038 $ 24,786,164 $ 27,798,753 $ 24,472,836 $ 35,806,614 $ 41,971,891 $ 61,027,466 $ 82,888,756 $ 104,963,671 $ 127,167,181 $ All other Governmental Funds
Nonspendable 500,000 $ 500,000 $ 500,000 $ 500,000 $ 500,000 $ 506,158 $ 528,501 $ 531,288 $ 536,360 $ 556,728 $ Restricted 70,678,124 68,942,318 76,089,575 79,129,454 94,839,481 100,524,128 96,978,550 98,428,363 181,919,349 123,008,204 Committed 8,421,761 8,489,144 8,856,754 8,306,021 - - - - - - Assigned 97,320 97,452 90,042 90,042 - - - - - - Unassigned (1,287,916) (940,294) (695,719) (1,112,972) (2,575,834) (1,276,679) (1,442,029) (301,651) (1,481,934) (939,852) Total all other Governmental Funds 78,409,289$ 77,088,620 $ 84,840,652 $ 86,912,545 $ 92,763,647 $ 99,753,607 $ 96,065,022 $ 98,658,000 $ 180,973,775 $ 122,625,080 $ Fiscal Year

643
City of Murrieta

Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years (Modified Accrual Basis of Accounting)

-139-
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Revenues:

Taxes and Assessments 51,772,910 $ 54,468,411 $ 57,904,070 $ 59,007,161 $ 62,790,280 $ 70,126,890 $ 85,350,816 $ 100,053,513 $ 109,123,680 $ 119,646,012 $ Licenses and permits 787,401 1,154,123 1,105,445 1,023,259 2,040,716 2,399,579 2,080,504 2,439,357 2,772,424 3,397,879 Intergovernmental 16,367,936 10,820,666 8,495,466 12,731,256 16,225,261 12,342,123 12,668,577 14,115,138 13,431,231 22,948,591 Charges for services 3,058,939 4,222,987 4,844,048 4,468,015 4,581,800 5,510,046 3,518,657 3,924,451 4,955,346 6,694,073 Use of money and property 1,009,793 962,986 1,691,970 263,706 927,905 3,725,701 5,083,461 180,913 1,581,529 4,578,267 Fines and Forfeitures 615,917 663,543 597,323 577,938 523,318 363,662 437,562 291,770 445,223 601,204 Developer participation 563,361 4,884,976 6,018,530 3,386,587 4,246,835 5,640,778 2,895,414 3,647,776 6,564,016 12,363,259 Miscellaneous 1,065,274 250,547 310,884 269,949 655,483 3,259,352 885,465 577,356 2,145,070 861,994 Total Revenues 75,241,531 77,428,239 80,967,736 81,727,871 91,991,598 103,368,131 112,920,456 125,230,274 141,018,519 171,091,279 Expenditures:

General Government 5,018,031 5,648,042 6,588,183 8,453,497 6,980,621 9,218,519 9,585,480 8,884,662 9,601,609 16,026,437 Public Safety 35,661,325 36,495,257 37,201,869 38,655,871 39,811,607 44,155,921 49,295,183 54,706,927 61,449,186 66,154,902 Community development 2,634,365 4,620,996 3,785,546 3,583,540 3,842,370 4,383,037 5,758,019 5,373,799 6,100,867 7,574,717 culture and recreation 12,140,712 12,155,071 11,292,830 11,984,108 12,914,472 12,547,690 12,702,695 13,018,592 14,619,911 15,907,301 Public works 4,663,970 4,693,407 5,290,180 5,322,975 5,675,492 13,065,711 7,014,041 8,626,873 7,621,552 9,737,147 Capital outlay 21,564,512 12,774,705 4,759,269 12,060,800 11,485,200 5,387,355 11,581,057 13,565,571 10,044,523 9,687,885 Debt service:

Principal retirement 680,000 700,000 929,396 964,320 1,366,431 1,381,616 1,111,972 7,560,798 6,456,648 5,571,915 Interest 422,852 399,412 391,209 358,887 329,372 503,045 705,260 440,514 4,463,883 2,829,855 Debt issuance costs - - - - - - 37,395 161,468 488,630 - Total Expenditures 82,785,767 77,486,890 70,238,482 81,383,998 82,405,565 90,642,894 97,791,102 112,339,204 120,846,809 133,490,159 Excess (Deficiency) of Revenues (7,544,236) (58,651) 10,729,254 343,873 9,586,033 12,725,237 15,129,354 12,891,070 20, 171,710 37,601,120 Over (Under) Expenditures
Other Financing Sources (uses):

Transfers in 1,671,445 3,311,249 2,691,218 3,296,696 2,313,376 4,368,720 2,441,067 5,429,618 6,503,052 8,071,183 Transfers out (1,671,445) (3,303,293) (2,691,218) (3,886,696) (2,913,376) (4,968,720) (2,441,067) (5,429,618) (6,503,052) (8,071,183) Long-term debt issued - 827,621 - - - - 4,319,919 6,343,000 - - Bond Proceeds - - - - - - - - 29,075,000 - Bonds Premium - - - 668,975 8,184,232 - - - 2,612,562 - Payment to refunding escrow agent - - - - - - (4,889,733) - (37,788,065) - Proceeds from sale of capital assets 43,563 1,063,802 35,367 863,376 14,615 1,030,000 87,574 4,908,825 65,866 21,566 Capital lease proceeds - - - - - - 578,545 452,704 - - Lease/SBITA acquisition - - - - - - - - 825,604 110,390 Total Other Financing Sources (uses) 43,563 1,899,379 35,367 942,351 7,598,847 430,000 96,305 11,704,529 (5,209,033) 131,956 Net change in fund balances (7,500,673)$ 1,840,728 $ 10,764,621 $ 1,286,224 $ 17,184,880 $ 13,155,237 $ 15,225,659 $ 24,595,599 $ 14,962,677 $ 37,733,076 $ Debt services as a percentage of noncapital
expenditures 1.80% 1.70% 2.00% 1.90% 2.40% 2.20% 2.10% 8.10% 9.90% 6.79% Fiscal Year
644
City of Murrieta

Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years (Dollars in Thousands)

-140-
Fiscal Year
Residential
Property
Commercial
Property Other Property
Less: Tax-
Exempt Property
Total Taxable
Assessed Value
Total Effective
Tax Rate
Estimated
Actual Value
Taxable
Property*
Taxable
Assessed Value
as a Percentage
of Actual
Taxable Value
2014 7,843,786$ 1,304,769 $ 1,029,690 $ (36,483) $ 10,141,762$ 0.0769% N/A N/A 2015 8,692,355 1,339,531 1,060,177 (37,160) 11,054,903 0.0769% N/A N/A 2016 9,110,367 1,429,009 1,086,358 (37,924) 11,587,810 0.0770% N/A N/A 2017 9,562,560 1,285,780 1,124,523 (39,773) 11,933,090 0.0770% N/A N/A 2018 10,094,631 1,439,680 1,116,132 (39,528) 12,610,915 0.0771% N/A N/A 2019 10,630,537 1,603,699 1,178,540 (40,317) 13,372,459 0.0772% N/A N/A 2020 11,201,218 1,666,691 1,156,797 (391) 14,024,315 0.0772% N/A N/A 2021 11,738,707 1,775,724 1,182,204 - 14,696,635 0.0773% N/A N/A 2022 12,322,242 1,841,340 1,220,136 - 15,383,718 0.0774% N/A N/A 2023 13,297,795 1,940,273 1,328,166 - 16,566,234 0.0773% N/A N/A N/A - Data Not Available
Source:

The HdL Companies
City of Murrieta Finance Department
*In 1978 the voters passed Proposition 13 which sets the property tax rate at a 1% fixed amount. 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.

645
City of Murrieta

Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years (Rate Per $100 of Taxable Value)

-141-
Agency 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Direct Rate
City of Murrieta Library 0.03117 0.02850 0.02850 0.02850 0.02850 0.02850 0.02850 0.02850 0.02850 0.02850 County Free Library - - - - - - - - - - Riverside County General 0.24390 0.22270 0.22270 0.22270 0.22270 0.22274 0.11130 0.11130 0.11130 0.11130 Elsinore Area Elementary School Fund 0.08280 0.07560 0.07560 0.07560 0.07560 0.07560 0.07560 0.07560 0.07560 0.07560 Flood Control Administration 0.00306 0.00279 0.00279 0.00279 0.00279 0.00279 0.00279 0.00279 0.00279 0.00279 Flood Control Zone 7 0.01884 0.01720 0.01720 0.01720 0.01720 0.01720 0.01720 0.01720 0.01720 0.01720 Mt. San Jacinto Junior College 0.04530 0.04140 0.04140 0.04140 0.04140 0.04140 0.04140 0.04140 0.04140 0.04140 Murrieta Cemetery 0.00326 0.00298 0.00298 0.00298 0.00298 0.00298 0.00298 0.00298 0.00298 0.00298 ERAF Share of Murrieta Fire Protection District-Cnty - - - - - - 0.00599 0.00599 0.00599 0.00599 Murrieta Fire Protection-County 0.06710 0.06130 0.06130 0.06130 0.06130 0.06129 0.05530 0.05530 0.05530 0.05530 ERAF Share of Murrieta Fire Protection District-City - - - - - - 0.00151 0.00151 0.00151 0.00151 Murrieta Fire Protection-City 0.00000 0.05310 0.05310 0.05310 0.05310 0.05311 0.05160 0.05160 0.05160 0.05160 ERAF Share of Murrieta General Fund - - - - - - 0.01247 0.01247 0.01247 0.01247 Murrieta General Fund 0.07798 0.07108 0.07108 0.07108 0.07120 0.07117 0.05870 0.05870 0.05870 0.05870 Murrieta Unified School District 0.36550 0.33370 0.33370 0.33370 0.33370 0.33370 0.33370 0.33370 0.33370 0.33370 Riverside County Office of Education 0.04810 0.04390 0.04390 0.04390 0.04390 0.04390 0.04390 0.04390 0.04390 0.04390 Riverside County Reg Park & Open Space 0.00487 0.00445 0.00445 0.00445 0.00445 0.00445 0.00445 0.00445 0.00445 0.00445 Eastern M unicipal Water District - 0.04130 0.04130 0.04130 0.04130 0.04130 0.04130 0.04130 0.04130 0.04130 Western Municipal Water 9th Fringe 0.00812 - - - - - - - - - ERAF Share of County General - - - 0.11144 0.11144 0.11144 0.11144 Total Direct Rate(1) 1.00000 1.00000 1.00000 1.00000 1.00012 1.00013 1.00013 1.00013 1.00013 1.00013 Overlapping Rates:

Eastern Municipal Water District 0.08100 0.05400 0.02400 0.02400 0.01900 0.01900 0.01900 0.01900 0.01900 0.00860 Metropolitan Water District (original area) 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 Mt. San Jacinto Junior College - - 0.01394 0.01320 0.01320 0.01320 0.01320 0.01320 0.01320 0.01320 Menifee School District 0.03421 0.03275 0.03010 0.03269 0.06080 0.06303 0.06277 0.06111 0.06319 0.06201 Murrieta Unified School District 0.12272 0.11699 0.13703 0.13294 0.12587 0.11946 0.11945 0.11945 0.11955 0.11955 Perris Union High School District 0.06970 0.06303 0.06236 0.06092 0.05675 0.05243 0.08244 0.08569 0.08859 0.08859 Rancho California Water District 0.80000 0.80000 0.80000 0.80000 0.80000 0.80000 0.80000 0.80000 0.80000 0.80000 Temecula Unified School District 0.03696 0.03019 0.02741 0.03164 0.03287 0.03061 0.02938 0.02389 0.02389 0.02389 Total Overlapping Rates(2) 1.14809 1.10046 1.09834 1.09889 1.11199 1.10123 1.12974 1.12584 1.13092 1.11934 Combined Total 2.14809 2.10046 2.09834 2.09889 2.11211 2.10136 2.12987 2.12597 2.13105 2.11947 City's Share of 1% Levy Per Prop 13(3) 0.08070 0.07369 0.07369 0.07369 0.07369 0.07369 0.07369 0.73690 0.07369 0.07369 Redevelopment Rate(4) - - - - - - - - - - Total Effective Rate(5) 0.07690 0.07692 0.07702 0.07706 0.07714 0.07718 0.07720 0.07726 0.07741 0.07733 Source: The HdL Companies
Notes:
(5) Total Direct Rate is the weighted average of all indirect rates applied by the City/Agency preparing the statistical section information 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/Agency in the same proportions as general fund revenue.

Fiscal Year
(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 taxing agencies for which the subject property resides. In addition to the 1.00% fixed amount, property owners are charged taxes as a % of assessed property values for the payment of any voter approved bonds. (2) Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to all city property owners. (3) The 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 general fund tax shifts may not be included in tax ratio figures. (4) The RDA rate is based on the largest RDA tax rate area (TRA) and includes only rate(s) from indebtedness adopted prior to 1989 per California state statute. RDA direct and overlapping rates are applied only to the incremental property values.

646
City of Murrieta

Principal Property Taxpayers
Current Year and Ten Years Ago

-142-
Taxpayer
Taxable
Assessed Value Rank
Percentage of
Total City
Taxable
Assessed Value
Sreit Waterstone at Murrieta Apartments 156,678,991 $ 1 0.95% MG Mitchell Place Apartments LLC 79,815,000 2 0.48% Universal Health Services of Rancho Springs 78,991,704 3 0.48% Pacific Landing 70,272,009 4 0.42%
Murrieta Town Center Retail Owner LP 70,268,267 5 0.42% Murrieta 492 67,338,903 6 0.41%
Arbors at California Oaks Properties 61,831,131 7 0.37% CH Realty IX MF San Diego Eagle Glen 57,202,201 8 0.35% FG Murrieta SR Apartments 54,001,038 9 0.33%
WalMart Realty Company 51,207,051 10 0.31%
Total 747,606,295 $ 4.51%
Taxpayer
Taxable
Assessed Value Rank
Percentage of
Total City
Taxable
Assessed Value
Health Care REIT 182,144,087 $ 1 1.79%
Universal Health Services 58,661,685 2 0.58%
Murrieta 492 58,033,217 3 0.57%
Arbors of CA Oaks Prop 53,256,092 8 0.52%
Hancock Avenue LLC 50,728,204 4 0.50%
Target Corporation 47,814,197 5 0.47%
FG Murrieta Senior Apts 46,410,000 6 0.46%
Eagle Glen Apartments 43,498,108 10 0.43%
Wal Mart Realty Co. 41,408,905 7 0.41%
Physicians Hospital 38,663,537 9 0.38%
620,618,032$ 6.11%
Source: The HdL Companies and Riverside County Assessor Source: 2014, prior published ACFR
2023
2014

647
City of Murrieta

Principal Tax Levies and Collections
Last Ten Fiscal Years

-143-
Fiscal Year
Ended June 30
Taxes Levied for
the Fiscal Year Amount Percent of Levy
Collections in
Subsequent
Years(1) Amount Percent of Levy
2014 14,149,731$ 13,199,883 $ 93% 329,293 $ 13,529,176$ 96% 2015 15,585,958 14,639,096 94% 388,565 15,027,661 96% 2016 16,391,822 15,415,384 94% 405,410 15,820,794 97% 2017 17,158,388 16,281,633 95% 430,059 16,711,692 97% 2018 17,710,620 15,519,448 88% 116,863 15,636,311 88% 2019* 20,136,391 19,619,766 97% 600,825 20,220,591 100% 2020 21,320,104 20,359,445 95% 586,840 20,946,285 98% 2021 21,415,972 20,577,475 96% 775,040 21,352,515 100% 2022 22,395,811 21,515,766 96% 826,078 22,341,844 100% 2023 24,180,725 23,239,106 96% 660,030 23,899,136 99% Source:
*Restatement
Collected Within the Fiscal
Year of Levy Total Collections to Date
City of Murrieta Finance Department
Office of Auditor-Controller, Riverside County
(1) The City of Murrieta participates in the Riverside County Teeter program which allows for a 30% advance, one settlement payment for the first installment, a 10% advance and a settlement payment for the second installment, all of which are remitted within the year of levy. One additional settlement payment is made during the subsequent year. After that, data provided by the Riverside County Office of Auditor-Controller for collection of prior year taxes, does not segregate payment information by fiscal year. Therefore, the City is not able to report any additional prior year remittances by specific year of levy. 648
City of Murrieta

Ratios of Outstanding Debt by Type
Last Ten Fiscal Years

-144-
Fiscal Year
General Bonded
Certificates of
Participation
Unamortized
Premiuma GASB 87 Leases Subscriptions Other Leases
Murrieta
Financing
Authority Debt
Unamortized
Premiumb
Murrieta
Financing
Authority Debt
Percentage of
Personal
Incomec Per Capitac
2014 8,960,000$ - $ - $ - $ - $ - $ - $ 8,960,000$ 0.30% 84 2015 8,260,000 - - - 827,621 - - 9,087,621 0.30% 80 2016 7,530,000 - - - 628,225 - - 8,158,225 0.26% 71 2017 6,770,000 - - - 1,092,880 - - 7,862,880 0.25% 68 2018 5,970,000 - - - 8,710,681 - - 14,680,681 0.44% 124 2019 5,145,000 - - - 7,883,717 - - 13,028,717 0.37% 113 2020 3,790,000 505,272 - - 7,375,583 - - 11,670,855 0.33% 101 2021 3,790,000 431,330 - - 6,491,619 - - 10,712,949 0.29% 93 2022 3,215,000 357,388 1,354,046 - 6,032,183 76,787,562 2,612,562 87,746,179 2.17% 789 2023 2,620,000 283,446 1,492,303 428,506 5,393,589 72,184,849 2,394,849 82,402,693 1.95% 749 N/A - Data Not Available
Notes:
a The 2007 Certificates of Participation Bonds were refunded in 2020 into Lease Revenue Refunding Bonds, Series 2020A, which included a Premium of $529,919.10. c See Demographic and Economic Statistics schedule for personal income and population data.

Source: City of Murrieta Finance Department
Details regarding the city's outstanding debt can be found in the notes to the financial statements. In fiscal year 2017-18, presentation has been modified to exclude non-general bonded debt and include net position restricted for debt service. In fiscal year 2022-23, presentation has been modified to remove Tax Allocations Bonds that the City has not had for the last ten years. b The FY22 Financial Statements were restated to include the previous Community Facilities Districts Debt that was refunded by the Murrieta Financing Authority. Local Agency Revenue Bonds, Series 2022 included a Premium of $2,612,562.

649
City of Murrieta

Ratios of General Bonded Debt Outstanding
Last Ten Fiscal Years

-145-
Fiscal Year
Tax Allocation
Bonds
Certificates of
Participation
Unamortized
Premiuma
Amount
Restricted for
Debt Services Total
Percentage
of Assessed
Value (1) Per Capita b
2014 - 8,960,000$ - $ (405,000)$ 8,555,000 $ 0.08% 80 2015 - 8,260,000 - (415,000) 7,845,000 0.07% 69 2016 - 7,530,000 - (435,000) 7,095,000 0.06% 62 2017 - 6,770,000 - (450,000) 6,320,000 0.05% 55 2018 - 5,970,000 - (475,000) 5,495,000 0.04% 47 2019 - 5,145,000 - (490,000) 4,655,000 0.03% 40 2020 - 3,790,000 505,272 (26,951) 3,763,049 0.03% 33 2021 - 3,790,000 431,330 (151,600) 3,638,400 0.02% 32 2022 - 3,215,000 357,388 (726,600) 2,488,400 0.02% 22 2023 - 2,620,000 283,446 (723,600) 1,896,400 0.01% 17 N/A - Data Not Available
Notes:
a The 2007 Certificates of Participation Bonds were refunded in 2020 into Lease Revenue Refunding Bonds, Series 2020A, which included a Premium of $529,919.10. b See Demographic and Economic Statistics schedule for population data.

Details regarding the city's outstanding debt can be found in the notes to the financial statements.

Source: City of Murrieta Finance Department
General Bonded Debt by Type
(1) Assessed value has been used because the actual value of taxable property is not readily available in the State of California. See Assessed Value and Estimated Actual Value of Taxable Property schedule for assessed values. In fiscal year 2017-18, presentation has been modified to exclude non-general bonded debt and include net position restricted for debt service.

650
City of Murrieta

Direct and Overlapping Governmental Activities Debt
For the Year Ended June 30, 2023

-146-
2022-23 Assessed Valuation: 16,580,810,893 $
Gross Bonded Gross Non-Bonded City’s Share
Overlapping Tax and Assessment Debt: Debt Balance Debt Balance of Debt City of Murrieta 1915 Act Bonds 1,715,000 $ 100.000% 1,715,000 $ City of Murrieta Community Facilities Districts 88,880,000 100.000% 88,880,000 $ Total Direct Tax and Assessment Debt 90,595,000
Other Overlapping Tax and Assessment Debt:

Metropolitan Water District 19,215,000 $ 0.453% 87,044 Riverside County Flood Control and Water Conservation District, Zone 4 5,380,000 0.821% 44,170 Mt. San Jacinto Community College District 247,850,000 13.918% 34,495,763 Murrieta Valley Unified School District 164,958,801 83.349% 137,491,511 Murrieta Valley Unified School District Community Facilities Districts 81,220,315 100.000% 81,220,315 Temecula Valley Unified School District 162,247,782 0.017% 27,582 Perris Union High School District 298,735,042 5.448% 16,275,085 Perris Union High School District Community Facilities District No. 92-1 31,050,000 13.206% 4,100,463 Menifee Union School District 120,934,720 8.701% 10,522,530 Eastern Municipal Water District Improvement Districts 13,660,000 0.953-99.897% 2,277,623 Rancho California Water District Community Facilities Districts 13,315,000 100.000% 13,315,000 Eastern M unicipal Water District Community Facilities Districts 4,455,000 100.000% 4,455,000 Elsinore Valley Municipal Water District Community Facilities Districts 3,145,000 100.000% 3,145,000 Western Municipal Water District Community Facilities Districts 1,774,303 100.000% 1,774,303 Riverside County Community Facilities Districts 1,550,000 100.000% 1,550,000 California Statewide Community Development Authority
Assessment District No. 2018-01 1,960,000 100.000% 1,960,000 Eastern Municipal Water District 1915 Act Bonds 2,080,000 2.949% 61,339 Total Other Overlapping Tax and Assessment Debt 312,802,728 Combined Total Overlapping Tax and Assessment Debt 403,397,728 Ratios to 2022-23 Assessed Valuations:

Total City Overlapping Tax and Assessment Debt 0.55%
Combined Total Overlapping Tax and Assessment Debt 2.43% Direct Debt:

City of Murrieta General Fund Obligations 2,620,000 $ 100.000% 2,620,000 Premium 283,446 100.000% 283,446
Lease Liabilities 1,492,303 100.000% 1,492,303 Subscription Liabilities 428,506 100.000% 428,506 Other Leases 5,393,589 100.000% 5,393,589
Murrieta Financing Authority Debt 72,184,849 100.000% 72,184,849 Premium 2,394,849 100.000% 2,394,849
Total Direct General Fund Debt 84,797,542
Overlapping General Fund Debt:

Riverside County General Fund Obligations 686,776,829 $ 4.579% 31,447,511 Riverside County Pension Obligations 748,540,000 4.579% 34,275,647 Murrieta Valley Unified School District Certificates of Participation 21,005,000 83.349% 17,507,457 Other School District Certificates of Participation 85,740,017 Various 6,143,363 Western Municipal Water District General Fund Obligations 4,075,058 1.957% 79,749 Total Gross Overlapping General Fund Debt 89,453,727
Less: Riverside County self-supporting obligations -
Total Net Overlapping General Fund Debt 89,453,727$
Overlapping Tax Increment Debt (successor Agencies): 218,717,321 $ 0.565-100% 35,257,188 $ Total Direct Debt 84,797,542$
Total Gross Overlapping Debt 528,108,643$
Total Net Overlapping Debt 528,108,643$

Grand Total Gross Direct and Overlapping Debt 612,906,185$ Grand Total Net Direct and Overlapping Debt 612,906,185$ Notes:

Ratios to 2022-23 Assessed Valuation:

Total Direct Debt ($84,797,542)…..…………………………………………….0.51% Grand Total Gross Direct and Overlapping Debt…….. ……….…………..…3.70% Grand Total Net Direct and Overlapping Debt………………………...……..3.70% Ratios to Redevelopment Incremental Valuation ($1,411,476,236):

Total Overlapping Tax Increment Debt……… ……………………………...…2.50% Source:

Avenu Insights & Analytics
California M unicipal Statistics, Inc.
% Applicable
to City (1)
(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.
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.

651
City of Murrieta

Legal Debt Margin Information
Last Ten Fiscal Years (Dollars in Thousands)

-147-
Assessed value 16,580,810,893 $
25%
4,145,202,723
621,780,408
-
-
-
621,780,408$
Fiscal Year Debt Limit
Total net debt
Applicable to
Limit Legal Debt Limit
Legal Debt
Margin as a
Percentage of
Debt limit
2014 381,684,202$ - 381,684,202$ 100% 2015 415,952,346 - 415,952,346 100% 2016 435,965,052 - 435,965,052 100% 2017 448,982,354 - 448,982,354 100% 2018 474,580,891 - 474,580,891 100% 2019 503,136,609 - 503,136,609 100% 2020 525,930,240 - 525,930,240 100% 2021 551,096,877 - 551,096,877 100% 2022 576,758,166 - 576,758,166 100% 2023 621,780,408 - 621,780,408 100% Note:

Total net debt applicable to limit
Legal debt margin
The Government Code of the State of California provides for a legal debt limit of 15% of gross assessed valuation, however; this provision was enacted when assessed valuation was based upon 25% of market value. Effective with the 1981-82 fiscal year, each parcel is now assessed at 100% of market value (as of the most recent change in ownership for that parcel). The computations shown above reflects a conversion of assessed valuation data for each fiscal year from the current full valuation perspective to the 25% level that was in effect at the time the legal debt margin was enacted by the State of California for local governments located within the state.

Legal Debt Margin Calculation for Fiscal Year 2023
Conversion percentage
Adjusted assessed valuation
Debt limit (15% of assessed value)
Debt applicable to limit:

General obligation bonds

652
City of Murrieta

Demographic and Economic Statistics
Last Ten Fiscal Years

-148-
Fiscal Year
Population
(1) (3)
Personal
Income* (In
Thousands)
(1)
Per Capita
Personal Income
(1)
Unemployment
Rate
(1) (2)
2014 106,393 2,975,599 $ 27,968 $ 6.60% 2015 113,795 3,053,592 26,834 5.40% 2016 114,914 3,091,951 26,906 4.80% 2017 114,904 3,178,810 27,662 5.00% 2018 118,125 3,350,224 28,361 3.50% 2019 115,561 3,568,992 30,884 3.30% 2020 115,172 3,731,498 32,399 8.80% 2021 111,183 4,047,908 36,408 5.80% 2022 109,998 4,220,667 38,470 3.30% 2023 109,998 N/A N/A N/A
N/A-Data not available
Source: (1) The HdL Companies
(2) State of California Economic Development Department (3) State of California Department of Finance

653
City of Murrieta

Principal Employers
Current Year and Ten Years Ago

-149-
Employer Employees Rank
Percentage of
Total City
Employment
Murrieta Valley Unified School District 2,518 1 4.35% Rancho Springs Medical Center -SHS 1,550 2 2.68% Loma Linda University Medical Center 1,158 3 2.00% County of Riverside 907 4 1.57%
City of Murrieta 432 5 0.75%
Target (2 locations) 410 6 0.71%
Oak Grove Center 329 7 0.57%
Walmart 304 8 0.53%
Encompass Health Rehabilitation Hospital 193 9 0.33% Murrieta Health and Rehabilitation Center 184 10 0.32% 7,985 13.79%
Employer Employees Rank
Percentage of
Total City
Employment
Murrieta Valley Unified School District 2,044 1 7.74% Loma Linda University Medical Center 900 2 3.41% County of Riverside 889 3 3.37%
Southwest Healthcare Systems 692 4 2.62% Target 500 5 1.89%
Walmart 350 6 1.33%
Oak Grove Center 347 7 1.31%
City of Murrieta 331 8 1.25%
Home Depot 295 9 1.12%
Sam's Club 220 10 0.83%
6,568 24.87%
Source: 2014, prior published ACFR
2023
2014
Note: Amazon Fresh has not responded to our employee headcount inquiries.

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

Source: Muniservices,LLC/Avenu Insights & Analytics
654
City of Murrieta

Full-Time Equivalent City Government Employees by Function/Program Last Ten Fiscal Years

-150-
Fiscal Year
Fiscal Years: 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Function/Program
General government
City Council 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 Administration² 34.64 38.25 38.70 39.00 40.00 41.38 41.00 50.50 51.00 51.00 Community Development
Economic Development 3.00 4.00 4.00 4.00 3.00 3.00 2.00 3.00 3.00 3.00 Planning 5.90 9.10 9.10 9.00 9.00 11.00 11.00 12.00 12.00 12.00 Building and Safety 7.20 8.20 8.20 8.00 9.00 9.00 9.00 14.00 12.00 12.00 Housing Services 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Code Enforcement¹ 4.00 5.00 5.00 5.00 5.00 5.00 5.00 6.00 7.00 7.00 Redevelopment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Police
Administration 2.00 2.00 2.00 2.00 2.00 2.00 3.00 2.00 2.00 2.00 Operations 62.00 66.00 66.00 64.00 64.00 61.00 60.00 80.00 89.50 90.50 PD Support 62.00 62.00 63.00 65.00 65.00 71.77 82.50 73.50 81.00 81.00 Fire
Administration (including Maintenance) 7.00 7.00 8.00 8.00 8.50 12.47 10.75 10.75 10.75 10.75 Fire Suppression (including Paramedics) 48.00 49.00 49.00 48.00 48.00 54.00 50.00 61.00 61.00 61.00 Fire Prevention/Inspection 1.00 1.00 1.00 4.00 4.00 5.00 4.00 6.00 7.00 7.00 Public Works
Admin/Engineering 9.95 8.80 8.80 13.00 13.00 11.00 11.00 25.00 29.00 29.00 Maintenance³ 12.75 15.80 15.80 13.00 13.00 21.00 20.00 21.00 21.00 21.00 Recreation & Community Services
Administration 11.70 12.65 12.65 12.00 12.00 10.00 12.00 1.00 2.00 2.00 Recreation 9.00 9.00 9.00 9.00 9.00 7.42 12.25 17.25 19.25 19.25 Library 12.20 12.20 12.20 12.00 12.00 16.41 16.59 18.59 18.59 18.59 Total Authorized Personnel * 297.34 315.00 317.45 320.00 321.50 346.45 355.09 406.59 431.09 432.09 * Excludes part-time Crossing Guards.
¹ Code Enforcement Division was moved to Development Services Department in FY 2018/19 ² City Manager, City Clerk, and Administrative Services departments ³ Community Services Support staff were moved to the Public Works & Engineering Department in FY 2018/19, and this division was not reported on prior years.

Source: City of Murrieta Annual Budget
Notes: A full-time employee is scheduled to work 2,080 hours per year (including vacation and sick leave). Full-time-equivalent employment is calculated by dividing total labor hours by 2,080.

655
City of Murrieta

Operating Indicators by Function/Program
Last Ten Fiscal Years

-151-
Fiscal Year
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Function/Program
Community development
Number of:

Business licenses (A) 4,621 4,631 5,051 4,442 4,796 4,744 5,054 4,992 4,434 4,543 Plan checks (B) 210 225 322 410 410 478 301 262 234 350 Permits issued3 N/A 2,379 2,933 2,395 2,815 2,869 2,603 3,128 3,434 3,700 NPDES inspections 57 101 293 349 403 445 568 247 69 655 Code violations (calendar basis) 4,318 4,313 5,898 6,946 5,378 4,072 2,447 1,940 1,700 1,737 Police
Number of:

Part 1 Crimes4 2,137 1,802 1,695 1,673 1,499 1,579 1,472 1,095 3,777 3,634 Crimes Against Persons 711 695
Crimes Against Property 2,143 2,249
Crimes Against Society 923 690
Parking violations 1,089 1,156 1,121 1,048 1,098 1,014 495 210 314 486 Traffic (moving) violations 4,593 5,208 4,994 3,703 3,439 3,332 3,532 3,917 3,768 2,701 Traffic Collision Reports 622 762 760 813 843 815 685 715 834 766 Crime reports 7,976 8,121 7,917 8,409 7,826 8,189 7,487 8,492 5,869 5,715 Arrests 3,031 3,077 2,445 2,134 2,216 2,031 1,911 2,221 1,895 1,632 Public works
Miles of:

Slurry Seal5 - - - - - - 94.6 - 51 - Street resurfacing/repair 2 46 1.3 2.8 - 0.5 3.3 1.9 - 2.20 Street sweeping 11,946 11,952 11,952 11,952 11,952 12,027 12,132 12,132 12,552 12,552 Number of:

Traffic signals maintained 92 93 93 92 96 96 99 100 101 105 Trees pruned per year 2,473 2,879 4,074 2,467 3,774 5,735 4,418 4,574 4,296 4,469 Trees/stumps removed3 N/A 135 143 184 152 154 247 261 168 231 Greenwaste to Mulch (tons)3 N/A 893 901 720 406 557 972 1,030 977 1,232 Recreation & community services
Number of enrollees/attendees:

Aquatics¹ 6,350 6,450 6,600 6,750 7,638 3,888 2,197 - 628 3,282 Community services/seniors¹ 26,250 28,000 18,000 18,791 18,683 24,762 18,038 174 13,043 17,992 Day camp¹ 720 415 450 637 826 810 508 88 473 473
Park programs¹ 1,723 1,825 1,208 1,115 1,375 972 1,895 1,423 2,719 2,719 Classes¹ 24,236 25,368 17,274 26,311 23,487 12,213 10,033 1,493 6,565 8,137 Special events¹ 21,000 25,000 58,000 58,900 55,500 64,193 43,741 18,449 66,740 62,900 Skate park2 6,285 6,452 1,098 2,521 3,178 2,545 2,857 - - - Youth center¹ 17,001 22,308 21,042 20,360 18,900 20,270 16,444 4,991 8,645 16,789 N/A - Data not available
(A) - Includes new & renewal licenses, excludes temporary licenses (B) - Excludes temporary plan checks.
¹FY2021 Drop in numberes due to closures in Mid March 2020 for COVID19; Pool closed for second season in a row; pool reopened mid June 2022 2FY2021 No longer manned to count attendance per Council direction March 16, 2020 3Data unavailable prior to 2014
5 FY2021 Data unavailable prior to 2020
Sources: Various city departments.
4FY2021 Information reported is for July March due to move to NIBRS (National Incident Based Reporting System); FY2022 Increase in numbers due to reporting according to NIBRS tandards which includes over 50 types of crimes as compared to 8 types in previous reporting

656
City of Murrieta

Capital Asset Statistics by Function/Program
Last Ten Fiscal Years

-152-
Fiscal Year
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Function/Program
General Government
Civic Center 1 1 1 1 1 1 1 1 1 1 Innovation Center 1 1 1 1 1 1 1 1 1 1 Vehicles 7 8 10 10 14 10 5 5 11 11 Equipment 51 43 41 47 56 57 65 75 50 52 Community Development
Vehicles 7 7 7 7 8 9 7 9 2 2 Public Safety
Police Stations 1 1 1 1 1 1 1 1 1 1 Police Vehicles 96 107 120 120 127 127 145 160 125 140 Police Equipment 106 111 308 308 347 347 353 353 334 339 Fire Stations 5 5 5 5 5 5 5 5 5 5 Fire Vehicles 32 33 32 37 35 37 42 48 36 36 Fire Equipment 104 106 110 112 112 112 115 115 91 93 Public Works
Vehicles 22 22 27 27 29 27 19 20 30 30 Equipment 25 26 26 26 26 26 26 26 29 30 Culture and recreation
Park Sites 50 50 50 50 51 52 52 52 53 53 Senior Centers 1 1 1 1 1 1 1 1 1 1 Community Centers 1 1 1 1 1 1 1 1 1 1 Youth Centers 1 1 1 1 1 1 1 1 1 1 Equestrian Center 1 1 1 1 1 1 1 1 1 1 Municipal Pools 1 1 1 1 1 1 1 1 1 1 Public Library 1 1 1 1 1 1 1 1 1 1 Vehicles 24 23 23 25 26 23 25 13 10 11 Equipment 31 30 32 34 31 31 31 31 36 36 Sources:

Various city departments.

N/A Information prior to FY 2011 is not available

657

City of Murrieta

Single Audit Report on Federal Awards

Year Ended June 30, 2023

658
City of Murrieta
Single Audit Report on Federal Awards
Table of Contents

Page

Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ............................................................. 1

Report on Compliance for Each Major Federal Program; Report on Internal Control Over Compliance; and Report on Schedule of Expenditures of Federal Awards in Accordance with the Uniform Guidance ............................................... 3

Schedule of Expenditures of Federal Awards .............................................................................. 7

Notes to the Schedule of Expenditures of Federal Awards ......................................................... 9

Schedule of Findings and Questioned Costs:

Section I: Summary of Auditor's Results .............................................................................. 10

Section II: Financial Statements Findings ............................................................................ 11

Section III: Federal Awards Findings and Questioned Costs ............................................... 11

Summary Schedule of Prior Audit Findings ............................................................................... 12

659

1 REPORT ON INTERNAL CONTROL OVER FINANCIAL

REPORTING AND ON COMPLIANCE AND OTHER MATTERS

BASED ON AN AUDIT OF FINANCIAL STATEMENTS

PERFORMED IN ACCORDANCE WITH

GOVERNMENT AUDITING STANDARDS

Independent Auditor’s Report

The Honorable City Council
City of Murrieta, California

We have audited, in accordance with the 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, the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Murrieta (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, and have issued our report thereon dated February 29, 2024.

Report on Internal Control over Financial Reporting

In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
660

2 Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.

Report on Compliance and Other Matters

As part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

San Bernardino, California
February 29, 2024

661

3 REPORT ON COMPLIANCE FOR EACH MAJOR FEDERAL
PROGRAM; REPORT ON INTERNAL CONTROL OVER
COMPLIANCE; AND REPORT ON SCHEDULE OF

EXPENDITURES OF FEDERAL AWARDS IN ACCORDANCE

WITH THE UNIFORM GUIDANCE

Independent Auditor’s Report

The Honorable City Council
City of Murrieta, California

Report on Compliance for Each Major Federal Program

Opinion on Each Major Federal Program

We have audited the City of Murrieta’s (the City) compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on each of the City’s major federal programs for the year ended June 30, 2023. The City’s major federal programs are identified in the summary of auditor’s results section of the accompanying Schedule of Findings and Questioned Costs.

In our opinion, the City complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2023.

Basis for Opinion on Each Major Federal Program

We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America (GAGAS); the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States (Government Auditing Standards) ; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.
662

4 We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with 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 opinion on compliance for each major federal program. Our audit does not provide a legal determination of the City’s compliance with the compliance requirements referred to above.

Responsibilities of Management for Compliance

Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the City’s federal programs.

Auditor’s Responsibilities for the Audit of Compliance

Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City’s compliance with the requirements of each major federal program as a whole.

In performing an audit in accordance with GAAS, Government Auditing Standards , and the Uniform Guidance, we:

 Exercise professional judgment and maintain professional skepticism throughout the audit.
 Identify and assess the risks of material noncompliance, 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 City’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.
 Obtain an understanding of the City’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over compliance. Accordingly, no such opinion is expressed.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit.

663

5 Report on Internal Control over Compliance

A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or em ployees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.

Our consideration of internal control over compliance was for the limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified.

Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.

Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance

We have audited the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of 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. We issued our report thereon dated February 29, 2024, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the basic financial statements. Such informat ion 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 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 schedule of expenditures of federal awards is fairly stated, in all material respects, in relation to the basic financial statements as a whole.

664

6 The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose.

San Bernardino, California
March 20, 2024 (except for our report on the Schedule of Expenditures of Federal Awards, for which the date is February 29, 2024)
665
City of Murrieta
Schedule of Expenditures of Federal Awards
Year Ended June 30, 2023

See accompanying notes to the schedule of expenditures of federal awards. 7 Federal Grantor/Pass-Through Grantor/Program Title
Assistance
Listing
Number
Program/Project
Identification Number
Federal
Expenditures
Amount
Provided to
Subrecipients
U.S. Department of Housing and Urban Development
Passed through County of Riverside Housing, Homelessness Prevention and Workforce Solutions:

Emervency Solutions Grant - Corona Virus Round 2 (Street Outreach) 14.231 ESG-CV2 SO 138,027$ - $ Emervency Solutions Grant - Corona Virus Round 2 (Emergency Shelter) 14.231 ESG-CV2 ES 238,174 - Total Assistance Listing 14.231 376,200 -
Total U.S. Department of Housing and Urban Development 376,200 - U.S. Department of Justice
Direct Assistance:

Special Data Collections and Statistical Studies 16.734 2019-FU-CX-K008 18,475 - Total Assistance Listing 16.734 18,475 -
Equitable Sharing Funds 16.922 CA0334200 261,209 - Total Assistance Listing 16.922 261,209 -
Bulletproof Vest Partnership Grant 16.607 Unknown 2,943 - Total Assistance Listing 16.607 2,943 -
Total U.S. Department of Justice 282,628 -
U.S. Department of Transportation
Passed through the State of California Office of Traffic Safety:

Highway Safety Cluster:

Selective Traffic Enforcement Program 20.600 PT22039 6,486 - Selective Traffic Enforcement Program 20.600 PT23051 20,578 Total Assistance Listing 20.600 27,064 -
Selective Traffic Enforcement Program 20.608 PT22039 13,670 - Selective Traffic Enforcement Program 20.608 PT23051 41,156 - Total Assistance Listing 20.608 54,826 -
Total U.S. Department of Transportation/ Highway Safety Cluster 81,890 - 666
City of Murrieta
Schedule of Expenditures of Federal Awards
Year Ended June 30, 2023

See accompanying notes to the schedule of expenditures of federal awards. 8 Federal Grantor/Pass-Through Grantor/Program Title
Assistance
Listing
Number
Program/Project
Identification Number
Federal
Expenditures
Amount
Prov ided to
Subrecipients
U.S. Department of the Treasury
Direct Assistance:

Coronavirus State and Local Fiscal Recovery Funds (ARPA) 21.027 Unknown 3,886,296 $ - $ Total Assistance Listing 21.027 3,886,296 -
Total U.S. Department of the Treasury 3,886,296 -
U.S. Department of Health and Human Services
Direct Assistance:

Regional Homeless Alliance Program - SAMHSA Grant 93.493 1H79FG000733-01 424 - Total Assistance Listing 93.493 424 -
Total U.S. Department of the Health and Human Services 424 - U.S. Department of Homeland Security
Passed through California Governor's Office of Emergency Services:

Emergency Management Performance Grant Program - Fiscal Year 2022 97.042 2022-0005 25,190 - Total Assistance Listing 97.042 25,190 -
Federal Emergency Management Agency Safer 97.083 EMW-2019-FF-01158 626,426 - Total Assistance Listing 97.083 626,426 -
Total U.S. Department of Homeland Security 651,616 - Institute of Museum and Library Services
Passed through California State Library:

Library Services and Technology Act (Library for All) 45.310 Unknown 2,966 - Tota l Assista nce Listing 45.310 2,966 -
Total Institute of Museum and Library Services 2,966 - Total Expenditures of Federal Awards 5,282,020$ - $
667
City of Murrieta
Notes to the Schedule of Expenditures of Federal Awards Year Ended June 30, 2023

9 1. Basis of Presentation

The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal awards activity of the City of Murrieta (the City) under federal programs of federal government for the year ended June 30, 2023. The information in this SEFA is presented in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net position or fund balance, or cash flows of the City.

For the purposes of this schedule, federal financial assistance includes both federal financial assistances received directly from a federal agency, as well as federal funds received indirectly by the City from a nonfederal agency or other organization. Only that portion of program expenditures reimbursable with such federal funds are reported in the accompanying schedule.

Program expenditures in excess of the maximum federal reimbursement authorized or the portion of the program expenditures that were funded with state, local or other non-federal funds are excluded from the accompanying schedule.

2. Summary of Significant Accounting Policies

Expenditures reported on the SEFA are reported on the modified accrual basis of accounting.

Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the SEFA, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.

3. De Minimis Indirect Cost Rate

The City did not elect to use the 10-percent indirect cost rate allowed under the Uniform Guidance .

668
City of Murrieta
Schedule of Findings and Questioned Costs
Year Ended June 30, 2023

10 SECTION I. SUMMARY OF AUDITOR'S RESULTS
Financial Statements
audited were prepared in accordance with GAAP: unmodified Internal control over financial reporting:

Material weakness(es) identified? Yes X No
Significant deficiency(ies) identified? Yes X None Reported Noncompliance material to financial
statements noted? Yes X No
Federal Awards
Internal control over major federal programs:

Material weakness(es) identified? Yes X No
Significant deficiency(ies) identified? Yes X None Reported Type of auditor's report issued on compliance for major federal programs: unmodified Any audit findings disclosed that
are required to be reported in
accordance with 2 CFR 200.516(a) Yes X No
Identification of major federal programs:

CFDA Number

21.027
Dollar threshold used to distinguish
between type A and type B programs: 750,000 $
Auditee qualified as low-risk auditee? X Yes No
Name of Federal Program
Type of auditor's report issued on whether the financial statements Coronavirus State and Local Fiscal
Recovery Funds (ARPA)
669
City of Murrieta
Schedule of Findings and Questioned Costs
Year Ended June 30, 2023

11 Section II: Financial Statement Findings

No findings to be reported.

Section III: Federal Awards Findings and Questioned Costs

No findings to be reported.

670
City of Murrieta
Summary Schedule of Prior Audit Findings
Year Ended June 30, 2023

12 No prior year findings were reported.
671
City of Murrieta

AUDIT PRESENTATION
FOR THE YEAR ENDED JUNE 30, 2023

BRIANNA SCHULTZ, CPA, CGMA

ENGAGEMENT PARTNER
APRIL 2, 2024
Received After Agenda Printed
04/02/2024 - Regular Meeting
Item 16 - Staff Presentation
672
City of Murrieta
Audit objective
◦ Express an opinion on management’s financial
statements
◦ After gathering and evaluating sufficient, appropriate audit evidence, provide:
◦ Reasonable assurance the financial statements are free of material misstatement
◦ An opinion as to whether the financial statements are fairly presented, in all material respects, in accordance with Generally Accepted Accounting Principles
673
City of Murrieta
Audit standards followed:
◦ Generally Accepted Auditing Standards (GAAS)
◦ Generally Accepted Government Auditing Standards (GAGAS) 674
City of Murrieta
Audit Process
◦ Interim audit procedures
◦ Obtain an understanding of policies and procedures
◦ Review current internal control systems for various transaction cycles ◦ Test controls various cycles
◦ Year-end audit procedures
◦ Inspect relevant documentation provided and compiled by Finance ◦ Inquire about transactions and events, substantiating details ◦ Confirm balances and transactions with third parties
◦ Perform analytical procedures
◦ Financial statement preparation and review
675
City of Murrieta
Responsibilities
◦ Management:
◦ Financial statements
◦ Complete accurate financial records
◦ Comprehensive framework of internal control, including controls to prevent and detect fraud
◦ Governing body:
◦ Fiduciary
◦ Ensure management fulfills obligations for internal control and financial reporting
676
City of Murrieta
◦ Auditor responsibilities:
◦ Obtain reasonable assurance that the financial statements are free of material misstatement
◦ Examine, on a test basis, evidence supporting amounts and disclosures
◦ Assess accounting principles used, estimates made and evaluate the overall financial statement presentation.
◦ Express an opinion on the City’s financial statements 677
City of Murrieta
Final opinion over financial statements:
◦ Unmodified
◦ Financial statements are fairly presented in all material respects ◦ Significant accounting policies have been consistently applied ◦ Estimates are reasonable
◦ Disclosures are properly reflected
◦ No significant deficiencies or material weaknesses (findings) were identified
678
City of Murrieta
Single Audit:
◦ Unmodified opinion over ARPA program
◦ No significant deficiencies or material weaknesses (findings) were identified
◦ No instances of noncompliance were identified
679

CITY OF MURRIETA
City Council Meeting Agenda
Report
4/2/2024
Agenda Item No. 17.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Cristal McDonald, City Clerk
PREPARED BY: Kimberly Ramirez, Deputy City Clerk
SUBJECT:

Establish a Code Enforcement Policy Subcommittee and Review the Southwest Elected Leaders Collaborative Delegates

RECOMMENDATION
Establish by minute order:

A Code Enforcement Policy Ad Hoc Subcommittee, with the sunset of the subcommittee upon a final recommendation to the City Council; and
Appoint two Council Members to serve on the Code Enforcement Policy Ad Hoc Subcommittee.

In addition, review appointments to the Southwest Riverside County Elected Leaders Collaborative and, if applicable;
Reappoint delegates to the Southwest Riverside County Elected Leaders Collaborative.

PRIOR ACTION/VOTE
On January 20, 2023, the City Council held the Annual Goals Workshop. Development Services presented Code Enforcement tools utilized and activity levels. (Non-Action Item).

On January 16, 2024, the City Council reviewed and appointed members as representatives to various agencies and committees (Vote: 5-0).

On March 19, 2024, the City Council held a workshop to receive a presentation from Code Enforcement regarding goals, processes, and statistics (Non-Action Item).

On March 19, 2024, under Council Member Requests to Add Items to Future Agendas, Council Member Holliday requested the review of the current appointments to the Southwest Riverside County Elected Leaders Collaborative to a future agenda (Consensus received); Mayor Stone requested to create an ad-hoc subcommittee to address the Code Enforcement protocol for a future agenda (Consensus received).

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4/2/2024
Agenda Item No. 17.

CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.

BACKGROUND
The City of Murrieta (City) currently has three (3) active subcommittees to address various topics and issues relevant to the City, such as Commission Appointments, Legislative Workgroup, and Homeless Services.

Subcommittees are either ad-hoc or standing. Both ad-hoc & standing committees are a subsidiary body of the legislative body.

An ad-hoc committee serves a limited/single purpose, is not perpetual, and dissolves when the specific task is complete. An ad-hoc committee consists solely of less than a quorum of the legislative body and does not have continuing subject matter jurisdiction nor a meeting schedule fixed by formal action; therefore, the requirements of the Brown Act do not apply. A standing committee also consists solely of less than a quorum of the legislative body, which generally serves for purposes of some continuing subject matter jurisdiction or has a meeting schedule fixed by the legislative body; therefore, standing committees are subject to the Brown Act.

Code Enforcement Policy Ad-Hoc Subcommittee
In recent years, the Code Enforcement Division of Development Services has provided updates and overviews to the City Council covering activity levels and enforcement processes. In addition, Code Enforcement levels have been raised during meetings on discussion items such as recreational vehicles and short-term vacation rentals.

During the March 19, 2024, Code Enforcement Workshop, the City Council discussed the process and overall administration. During Council Member Requests to Add Items to Future Agendas, Mayor Stone requested an ad-hoc subcommittee to address the Code Enforcement protocol for a future agenda.

Name Ad-Hoc or
Standing
Purpose Membership Composition
Code
Enforcement
Policy
Ad-Hoc Work with City staff to review the
Municipal Code and applicable
policies and procedures related to
Code Enforcement; provide
recommendations to the City Council
on changes to Code Enforcement
protocols. Automatically sunsets
upon final recommendations of Code
Enforcement protocols.

Two City Council Members
appointed by the City Council.

City Manager Designee.

Southwest Riverside County Elected Leaders Collaborative On January 16, 2024, the City Council reviewed and appointed members as representatives to various agencies and committees. During this review, the City Council updated the name and purpose of the Southwest Riverside County Elected Leaders Collaborative to reflect the collaborative's new direction and growth.

During the March 19, 2024, City Council Meeting, Council Member Holliday requested a review of the CITY OF MURRIETA Printed on 3/29/2024Page 2 of 3
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4/2/2024
Agenda Item No. 17.

During the March 19, 2024, City Council Meeting, Council Member Holliday requested a review of the appointments to the Southwest Riverside County Elected Leaders Collaborative.

Name Purpose Current
Members
Additional Information
Southwest
Riverside County
Elected Leaders
Collaborative
A collaborative working group of
current and past elected City
Council members within the cities
of Canyon Lake, Lake Elsinore,
Menifee, Murrieta, Temecula, and
Wildomar to gather and discuss
traffic and transportation regional
issues.

Delegate:

Mayor Stone
(Reappointed
1/16/24)
Council
Member
Holliday
(Appointed
1/16/24) Staff
Liaisons: City
Manager
Designee
Meetings: Rotates the
hosting of bi-monthly
meetings, which typically
involves hosting a lunch.

FISCAL IMPACT
None.

ATTACHMENTS
None.

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Cristal McDonald, City Clerk
April 2, 2024
Code Enforcement Policy
Subcommittee and Southwest
Elected Leaders Collaborative
Appointment Review
Received After Agenda Printed
04/02/2024 - Regular Meeting
Item 17 - Staff Presentation
683
2 Ad-Hoc
• Consists solely of less than a quorum
• Serves limited/single purpose
• Does not have a continuing subject
matter
• Dissolves when the specific task is
completed
• No fixed meeting schedule by formal
action
• Not subject to Brown Act
Standing
• Consists solely of less than a quorum
• Serves purpose of some continuing
subject matter jurisdiction
• Fixed meeting schedule by the
legislative body
• Subject to Brown Act
Ad- Hoc vs. Standing
684
3 Type: Ad-Hoc
Membership: Two City Council Members appointed by the City Council.

Purpose: Work with City staff to review the Municipal Code and applicable policies and procedures related to Code Enforcement; provide recommendations to the City Council on changes to Code Enforcement protocols. Automatically sunsets upon final recommendations of Code Enforcement protocols.

Code Enforcement Policy
Subcommittee
685
4 Southwest Riverside County
Elected Leaders Collaborative
Purpose: A collaborative working group of current and past elected City Council members within the cities of Canyon Lake, Lake Elsinore, Menifee, Murrieta, Temecula, and Wildomar to gather and discuss traffic and transportation regional issues.

Current Members: Mayor Stone and Council Member Holliday 686
5 Establish by minute order:

Recommendation #1
687
6 Recommendation #2
Review appointments to the Southwest Riverside County
Elected Leaders Collaborative and, if applicable;
Reappoint delegates to the Southwest Riverside County
Elected Leaders Collaborative.
688

CITY OF MURRIETA
City Council Meeting Agenda
Report
4/2/2024
Agenda Item No.

Subject:

Received After Agenda Printed - GBA
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MURRIETA CITY COUNCIL
Governing Body Announcements:

Council Member Holliday
April 2, 2024
Received After Agenda Printed
04/02/2024 - Regular Meeting
Presentation (GBA)
690
Governing Body Announcements:

Council Member Holliday
[email protected]
March 20, 2024 Celebrated the grand opening of the newest Murrieta Chick-fil-A by Costco.

March 20, 2024 Supported the Voices for Children grand opening of their new offices in Temecula.

March 20, 2024 Attended the Murrieta Chamber new member's reception.

March 21, 2024 Enjoyed walking around downtown Murrieta at the Murrieta Market Nights.

March 23, 2024 Tossed eggs and sprayed bubbles at Murrieta's EGGstravaganza.

March 24, 2024 Observed the public outreach for the "keyhole" area east of Whitewood and north of Clinton Keith with staff from Murrieta and Eastern Municipal Water District. 691
Governing Body Announcements:

Council Member Holliday
[email protected]
March 26, 2024 Enjoyed networking at the Murrieta Chamber networking breakfast.

March 28, 2024 Participated in the City Hall Citizen’s Academy.

April 2, 2024 Excited to see all the kids in attendance at the Touch a Truck event. 692

MURRIETA CITY COUNCIL
Governing Body Announcements:

Mayor Stone
April 2, 2024
Received After Agenda Printed
04/02/2024 - Regular Meeting
Presentation (GBA)
693
Governing Body Announcements:

Mayor Stone
[email protected]
March 20, 2024 Attended Chick-fil-a grand opening and provided a Certificate of Recognition. 694
Governing Body Announcements:

Mayor Stone
[email protected]
March 21, 2024 Provided a Certificate of Recognition for the Grand Re-Opening of Ivy Park.

March 21, 2024 Provided a Certificate of Recognition for the Grand Opening of Graze Craze Charcuterie Boards & Boxes.

March 23, 2024 Attended EGGstravaganza.
695
Governing Body Announcements:

Mayor Stone
[email protected]
Various Dates
Attended the Voices For Children grand opening.

Attended a Zoom meeting with CalTrans System Investment Strategy.

Attended the Chamber New Member Reception.

Attended Pechanga’s Investing in Future Leaders reception.

Met with BOND.

Attended Coffee With The City.

Met with National Charity League Leadership.

Attended the Boys & Girls breakfast.

Attended the City’s Citizens Academy.

Attended Passion Life Church.
696

MURRIETA CITY COUNCIL
Governing Body Announcements:

Mayor Pro Tem Warren
April 2, 2024
Received After Agenda Printed
04/02/2024 - Regular Meeting
Presentation (GBA)
697
Governing Body Announcements:

Mayor Pro Tem Warren
[email protected]
March 20, 2024 Attended the Murrieta/Wildomar Chamber New Member Reception.

March 21, 2024 Attended the Grand Opening and Ribbon Cutting for Graze Craze at Village Walk Center. 698
Governing Body Announcements:

Mayor Pro Tem Warren
[email protected]
March 23, 2024 Attended the Murrieta City Spring EGGstravaganza. 699
Governing Body Announcements:

Mayor Pro Tem Warren
[email protected]
March 28, 2024 Attended the Boys & Girls Club Great Futures Breakfast.

March 28, 2024 Attended the City Clerk’s Presentation at the Citizens Academy. 700

CITY OF MURRIETA
City Council Meeting Agenda
Report
4/2/2024
Agenda Item No.

Subject:

Received After Agenda Printed - Laura Bush Quote
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Mayor Stone - Adjournment
April 2, 2024
“Libraries offer, for free, the wisdom of the
ages--and sages--and, simply put, there's
something for everyone inside.”
― Laura Bush
Received After Agenda Printed
04/02/2024 - Regular Meeting
Adjournment - Presentation
702

Murrieta City CouncilApril 2, 2024

Murrieta City Council
April 2, 2024