Attachment A - Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2025 — Newport Beach City Council, March 10, 2026 (part 2 of 2)

SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS Last Ten Fiscal Years

CITY OF NEWPORT BEACH
an Agent Multiple-Employer Defined Bene
fit Pension Plan
As of June 30, 2025
Last 10 Years
Defined Benefit Plan for Miscellaneous Empl
oyees
The figures above generally include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the Measurement Date. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the Valuation Date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary.

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. In addition, demographic assumptions and the price inflation assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. The accounting discount rate was 7.15% for measurement dates June 30, 2017 through June 30, 2021, 7.65% for measurement dates June 30, 2015 through June 30, 2016. 142
2020 2019 2018 2017 2016
June 30, 2019 June 30, 2018 June 30, 2017
June 30, 2016 June 30, 2015
Total Pension Liability
Service cost 7,084,444$ 7,334,861$ 7,151,754$ 6,303,642$ 6,087,960$ Interest on total pension liability 29,409,624 28,226,598 27,069,673 26,375,073 25,427,094 Differences between expected and actual experience 403,676 2,243,854 (4,912,853) (2,686,814) (4,736,006) Changes in assumptions - (2,522,093) 22,616,424 - (6,309,248) Changes in benefits - - - - - Benefit payments, including refunds of employee contributions (20,129,701) (18,458,539) (17,249,398) (16,714,022) (16,374,370) Net Change in Total Pension Liability 16,768,043 16,824,681 34,675,600 13,277,879 4,095,430 Total Pension Liability - beginning 417,442,358 400,617,677 365,942,077 352,664,198 348,568,768 Total Pension Liability - ending (a) 434,210,401$ 417,442,358$ 400,617,677$ 365,942,077$ 352,664,198$ Plan Fiduciary Net Position
Contributions - employer 15,700,833$ 15,797,595$ 10,509,243$ 9,904,636$ 6,615,920$ Contributions - employee 3,955,144 3,979,337 4,134,130 4,206,942 4,321,646 Net investment income 19,895,019 23,855,196 28,349,491 1,241,432 5,687,908 Administrative expense (216,502) (435,499) (375,172) (155,791) (287,862) Other miscellaneous income/(expense) 700 (827,021) - - - Plan to plan resource movement 1,570 (700) - (2,387) 26,981 Benefit payments (20,129,701) (18,458,539) (17,249,398) (16,714,022) (16,374,370) Net change in Plan Fiduciary Net Position 19,207,063 23,910,369 25,368,294 (1,519,190) (9,777) Plan Fiduciary Net Position - beginning 303,385,616 279,475,247 254,106,953 255,626,143 255,635,920 Plan Fiduciary Net Position - ending (b) 322,592,679$ 303,385,616$ 279,475,247$ 254,106,953$ 255,626,143$ Net pension liability - ending (a)-(b) 111,617,722$ 114,056,742$ 121,142,430$ 111,835,124$ 97,038,055$ Plan fiduciary net position as a percentage of the total pension liability 74.29% 72.68% 69.76% 69.44% 72.48% Covered payroll 42,153,383$ 41,468,634$ 41,727,563$ 40,031,404$ 38,512,011$ Net pension liability as percentage of covered payroll 264.79% 275.04% 290.32% 279.37% 251.97%

SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS Last Ten Fiscal Years

CITY OF NEWPORT BEACH
an Agent Multiple-Employer Defined Bene
fit Pension Plan
As of June 30, 2025
Last 10 Years
Defined Benefit Plan for Miscellaneous Empl
oyees

Page 2 of 2 ends

143
2025 2024 2023 2022 2021
Actuarial
ly determined contribution 16,708,777$ 15,211,001$ 15,250,219$ 14,432,250$ 14,600,178$ Contributions in relation to the actuarially determined contributions (21,712,457) (21,537,720) (20,794,397) (18,372,473) (18,730,840) Contribution deficiency (excess) (5,003,680)$ (6,326,719)$ (5,544,178)$ (3,940,223)$ (4,130,662)$ Covered payroll 53,975,509$ 50,824,016$ 48,099,822$ 45,210,057$ 44,809,856$ Contributions as a percentage of covered payroll 40.23% 42.38% 43.23% 40.64% 41.80% Notes to Schedule:

Valuation date: 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age Entry age Entry age Entry age Entry age Amortization method (1) (1) (1) (1) (1)
Asset valuation method Market Value Market Value Market Value Market Value Market Value Inflation 2.30% 2.30% 2.50% 2.50% 2.50%
Salary increases (2) (2) (2) (2) (2)
Investment rate of return 6.80% (3) 6.80% (3) 7.00% (3) 7.00% (3) 7.00% (3) Retirement age (4) (4) (4) (4) (4)
Mortality (5) (5) (5) (5) (5)
(1
) Level percentage of payroll for bases established prior to June 30, 2019 and level dollar amount for bases established after June 30, 2019 (2) Depending on age, service, and type of employment
(3) Net of pension plan investment and administrative expense; includes inflation (4)
(5)

CITY OF NEWPORT BEACH
an Agent Multiple-Employer Defined Benefit Pension Plan As of June 30, 2025
Last 10 Years
Retirement assumptions are based on retirement rates resulting from the most recent CalPERS Experience Study adopted by the CalPERS Board Mortality assumptions are based on mortality rates resulting from the most recent CalPERS Experience Study adopted by the CalPERS Board Defined Benefit Plan for Miscellaneous Employees

SCHEDULE OF CONTRIBUTIONS
Last Ten Fiscal Years

Page 1 of 2 ends

144
2020 2019 2018 2017 2016
Actuarial
ly determined contribution 13,080,630$ 12,374,026$ 11,924,053$ 10,412,963$ 9,943,342$ Contributions in relation to the actuarially determined contributions (16,351,592) (15,713,898) (15,742,587) (10,412,963) (9,943,342) Contribution deficiency (excess) (3,270,962)$ (3,339,872)$ (3,818,534)$ -$ -$ Covered payroll 43,902,594$ 42,153,383$ 41,468,634$ 41,727,563$ 40,031,404$ Contributions as a percentage of covered payroll 37.25% 37.28% 37.96% 24.95% 24.84% Notes to Schedule:

Valuation date: 6/30/2017 6/30/2016 6/30/2015 6/30/2014 6/30/2013 Methods and assumptions used to determine contribution rates:

TY OF NEWPORT BEACH
an Agent Multiple-Employer Defined Benefit Pension Plan As of June 30, 2025
Last 10 Years
Defined Benefit Plan for Miscellaneous Employees

Page 2 of 2 ends

SCHEDULE OF CONTRIBUTIONS
Last Ten Fiscal Years
145
2025 2024 2023 2022 2021
Measurement Period June 30, 2024 June 30,
2023 June 30, 2022 June 30, 2021 June 30, 2020 Measurement Period Total Pension Liability
Service cost 10,840,9
66$ 10,727,817$ 10,918,046$ 9,817,913$ 9,622,985$ Interest on total pension liability 47,523,602 45,793,334 43,860,290 42,760,906 41,449,511 Differences between expected and actual experience 7,193,012 9,833,536 (3,451,985) 196,690 957,686 Changes in assumptions - - 22,634,816 - - Changes in benefits - 268,557 - - - Benefit payments, including refunds of employee contributions (39,503,140) (37,885,623) (35,654,758) (33,765,218) (32,285,653) Net Change in Total Pension Liability 26,054,440 28,737,621 38,306,409 19,010,291 19,744,529 Total Pension Liability - beginning 695,885,933 667,148,312 628,841,903 609,831,612 590,087,083 Total Pension Liability - ending (a) 721,940,373$ 695,885,933$ 667,148,312$ 628,841,903$ 609,831,612$ Plan Fiduciary Net Position
Contributions - employer 36,653,740$ 35,285,332$ 32,394,203$ 32,367,091$ 28,539,301$ Contributions - employee 3,875,707 3,577,340 3,417,660 3,347,740 3,249,005 Net investment income 47,875,335 28,993,124 (38,537,209) 93,813,435 19,685,354 Administrative expense (406,765) (345,814) (317,056) (413,178) (556,832) Plan to plan resource movement 59 - - - - Benefit payments (39,503,140) (37,885,623) (35,654,758) (33,765,218) (32,285,653) Other miscellaneous income/(expense) - - - - - Net change in Plan Fiduciary Net Position 48,494,936 29,624,359 (38,697,160) 95,349,870 18,631,175 Plan Fiduciary Net Position - beginning 499,893,619 470,269,260 508,966,420 413,616,550 394,985,375 Plan Fiduciary Net Position - ending (b) 548,388,555$ 499,893,619$ 470,269,260$ 508,966,420$ 413,616,550$ Net pension liability - ending (a)-(b) 173,551,818$ 195,992,314$ 196,879,052$ 119,875,483$ 196,215,062$ Plan fiduciary net position as a percentage of the total pension liability 75.96% 71.84% 70.49% 80.94% 67.82% Covered payroll 38,168,411$ 36,538,774$ 35,231,003$ 34,863,204$ 34,279,062$ Net pension liability as percentage of covered payroll 454.70% 536.40% 558.82% 343.85% 572.40% Notes to Schedule:

Benefit Changes:

Change in Assumptions:

CITY OF NEWPORT BEACH
an Agent Multiple-Employ
er Defined Benefit Pension Plan
As of June 30, 2025
Last 10 Years
Defined Benefit Plan for Safety Employees
The fi
gures above generally include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the Measurement Date. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the Valuation Date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary.

Page 1 of 2 ends

SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS Last Ten Fiscal Years
146
2020 2019 2018 2017 2016
Measurement Period June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015
Total Pension Liability
Service cost 9,292,715$ 9,223,465$ 9,015,985$ 8,075,553$ 8,077,826$ Interest on total pension liability 40,081,524 38,458,387 37,083,966 36,239,226 35,098,055 Differences between expected and actual experience 4,798,077 3,278,018 (2,192,667) (1,613,985) (316,827) Changes in assumptions - (1,630,045) 30,110,384 - (8,359,009) Changes in benefits - - - - - Benefit payments, including refunds of employee contributions (30,443,097) (29,183,598) (28,074,414) (27,447,982) (25,838,982) Net Change in Total Pension Liability 23,729,219 20,146,227 45,943,254 15,252,812 8,661,063 Total Pension Liability - beginning 566,357,864 546,211,637 500,268,383 485,015,571 476,354,508 Total Pension Liability - ending (a) 590,087,083$ 566,357,864$ 546,211,637$ 500,268,383$ 485,015,571$ Plan Fiduciary Net Position
Contributions - employer 28,344,445$ 26,779,897$ 19,260,537$ 18,496,776$ 21,529,513$ Contributions - employee 3,162,044 3,104,318 2,967,318 2,826,831 2,969,503 Net investment income 24,254,890 29,064,749 34,814,011 1,561,480 7,049,577 Administrative expense (263,991) (532,480) (462,427) (193,780) (357,866) Plan to plan resource movement (1,570) (855) - 2,387 - Benefit payments (30,443,097) (29,183,598) (28,074,414) (27,447,982) (25,838,982) Other miscellaneous income/(expense) 855 (1,011,188) - - - Net change in Plan Fiduciary Net Position 25,053,576 28,220,843 28,505,025 (4,754,288) 5,351,745 Plan Fiduciary Net Position - beginning 369,931,799 341,710,956 313,205,931 317,960,219 312,608,474 Plan Fiduciary Net Position - ending (b) 394,985,375$ 369,931,799$ 341,710,956$ 313,205,931$ 317,960,219$ Net pension liability - ending (a)-(b) 195,101,708$ 196,426,065$ 204,500,681$ 187,062,452$ 167,055,352$ Plan fiduciary net position as a percentage of the total pension liability 66.94% 65.32% 62.56% 62.61% 65.56% Covered payroll 33,935,043$ 32,866,620$ 32,450,020$ 30,816,246$ 30,189,633$ Net pension liability as percentage of covered payroll 574.93% 597.65% 630.20% 607.03% 553.35%

Page 2 of 2 ends

SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS Last Ten Fiscal Years

CITY OF NEWPORT BEACH
an Agent Multiple-Employ
er Defined Benefit Pension Plan
As of June 30, 2025
Last 10 Years
Defined Benefit Plan for Safety Employees
147
2025 2024 2023 2022 2021
Actuarial
ly determined contribution 28,178,830$ 25,872,229$ 25,952,201$ 25,115,878$ 25,341,788$ Contributions in relation to the actuarially determined contributions (37,081,471) (36,635,838) (35,283,235) (32,317,538) (32,251,903) Contribution deficiency (excess) (8,902,641)$ (10,763,609)$ (9,331,034)$ (7,201,660)$ (6,910,115)$ Covered payroll 40,866,717$ 38,168,411$ 36,538,774$ 35,231,003$ 34,863,204$ Contributions as a percentage of covered payroll 90.74% 95.98% 96.56% 91.73% 92.51% Notes to Schedule:

Valuation date: 6/30/2021 6/30/2021 6/30/2020 6/30/2019 6/30/2018 Methods and assumptions used to determine contribution rates:

CITY OF NEWPORT BEACH
an Agent Multiple-Employer Defined Benefit Pension Plan As of June 30, 2025
Last 10 Years
Defined Benefit Plan for Safety Employees

SCHEDULE OF CONTRIBUTIONS
Last Ten Fiscal Years
Retirement assumptions are based on retirement rates resulting from the most recent CalPERS Experience Study adopted by the CalPERS Board Mortality assumptions are based on mortality rates resulting from the most recent CalPERS Experience Study adopted by the CalPERS Board

Page 1 of 2 ends

148
2020 2019 2018 2017 2016
Actuarial
ly determined contribution 22,980,289$ 22,227,698$ 21,524,636$ 19,338,360$ 18,466,207$ Contributions in relation to the actuarially determined contributions (28,531,744) (28,346,069) (26,620,697) (19,338,360) (18,466,207) Contribution deficiency (excess) (5,551,455)$ (6,118,371)$ (5,096,061)$ -$ -$ Covered payroll 34,279,062$ 33,935,043$ 32,866,620$ 32,450,020$ 30,816,246$ Contributions as a percentage of covered payroll 83.23% 83.53% 81.00% 59.59% 59.92% Notes to Schedule:

Valuation date: 6/30/2017 6/30/2016 6/30/2015 6/30/2014 6/30/2013 Methods and assumptions used to determine contribution rates:

TY OF NEWPORT BEACH
an Agent Multiple-Employer Defined Benefit Pension Plan As of June 30, 2025
Last 10 Years
Defined Benefit Plan for Safety Employees

Page 2 of 2 ends

SCHEDULE OF CONTRIBUTIONS
Last Ten Fiscal Years
149
2025 2024 2023 2022
Measurement P
eriod June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 Total OPEB Liability
Service cost 800,218$ 635,096$ 530,843$ 529,600$ Interest 3,125,813 3,150,800 3,237,390 2,909,400 Differences between expected and actual experience 99,265 (393,810) 1,120,534 6,159,865 Changes in assumptions (1,705,049) 292,126 2,473,450 (302,512) Changes in benefits terms - - - - Benefit payments, including refunds of member contributions (3,734,742) (4,781,574) (4,731,846) (3,786,232) Net change in Total OPEB Liability (1,414,495) (1,097,362) 2,630,371 5,510,121 Total OPEB Liability - beginning 53,136,842 54,234,204 51,603,833 46,093,712 Total OPEB Liability - ending (a) 51,722,347$ 53,136,842$ 54,234,204$ 51,603,833$ Plan fiduciary net position
Contributions - employer 10,865,147$ 6,327,150$ 6,185,537$ 5,785,342$ Contributions - member - - - - Net investment income 3,933,617 2,061,410 (4,845,154) 7,184,241 Benefit payments, including refunds of member contributions (3,734,742) (4,781,574) (4,731,846) (3,786,232) Administrative expense (23,200) (9,385) (9,000) (9,908) Other expense - - - - Net change in plan fiduciary net position 11,040,822 3,597,601 (3,400,463) 9,173,443 Plan fiduciary net position - beginning 35,166,853 31,569,252 34,969,715 25,796,272 Plan fiduciary net position - ending (b) 46,207,675$ 35,166,853$ 31,569,252$ 34,969,715$ City's Net OPEB liability - ending (a)-(b) 5,514,672$ 17,969,989$ 22,664,952$ 16,634,118$ Plan fiduciary net position as a percentage of the total OPEB liability 89.34% 66.18% 58.21% 67.77% Covered-employee payroll (1) 88,433,576$ 81
,451,477$ 79,636,594$ 78,621,426$
City's Net OPEB liability as percentage of covered-employee payroll 6.24% 22.06% 28.46% 21.16% Notes to Schedule:
(1) Covered-employee payroll is used because contributions are not entirely based on a measure of pay. * Fiscal year 2018 was the first year of implementation, therefore only eight years are shown.

CITY OF NEWPORT BEACH
Post-Employment Health Care Benef
its (OPEB) Retirement Plan
As of June 30, 2025
Last 10 Years *

Page 1 of 2 ends

SCHEDULE OF CHANGES IN THE CITY'S NET OPEB LIABILITY AND RELATED RATIOS Last Ten Fiscal Years*
150
2021 2020 2019 2018
Measurement P
eriod June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 Total OPEB Liability
Service cost 521,285$ 524,717$ 509,434$ 478,341$ Interest 2,944,050 2,795,490 2,814,685 2,830,153 Differences between expected and actual experience (219,772) 2,532,319 - - Changes in assumptions - 114,311 - - Changes in benefits terms - - - - Benefit payments, including refunds of member contributions (3,787,663) (3,627,695) (3,641,715) (3,513,406) Net change in Total OPEB Liability (542,100) 2,339,142 (317,596) (204,912) Total OPEB Liability - beginning 46,635,812 44,296,670 44,614,266 44,819,178 Total OPEB Liability - ending (a) 46,093,712$ 46,635,812$ 44,296,670$ 44,614,266$ Plan fiduciary net position
Contributions - employer 4,674,814$ 4,460,937$ 4,675,193$ 4,594,772$ Contributions - member - - - - Net investment income 900,087 1,495,861 1,605,114 1,875,536 Benefit payments, including refunds of member contributions (3,787,663) (3,627,695) (3,641,715) (3,513,406) Administrative expense (12,037) (4,980) (11,076) (9,452) Other expense - - (25,258) - Net change in plan fiduciary net position 1,775,201 2,324,123 2,602,258 2,947,450 Plan fiduciary net position - beginning 24,021,071 21,696,948 19,094,690 16,147,240 Plan fiduciary net position - ending (b) 25,796,272$ 24,021,071$ 21,696,948$ 19,094,690$ City's Net OPEB liability - ending (a)-(b) 20,297,440$ 22,614,741$ 22,599,722$ 25,519,576$ Plan fiduciary net position as a percentage of the total OPEB liability 55.96% 51.51% 48.98% 42.80% Covered-employee payroll (1) 77,637,171$ 75
,814,626$ 73,999,059$ 74,484,613$
City's Net OPEB liability as percentage of covered-employee payroll 26.14% 29.83% 30.54% 34.26%

SCHEDULE OF CHANGES IN THE CITY'S NET OPEB LIABILITY

AND RELATED RATIOS
Last Ten Fiscal Years*

CITY OF NEWPORT BEACH
Post-Employment Health Care Benefits (OPEB) Retirement Plan As of June 30, 2025
Last 10 Years *

Page 2 of 2 ends

151
2025 2024 2023 2022
Actuarially determined contribution 2,155,209$ 3,289,777$ 4,359,593$ 4,124,923$ Contributions in relation to the actuarially determined cont ributions (2,254,152) (12,311,540) (7,154,265) (4,950,445) Contribution deficiency (excess) (98,943)$ (9,021,763)$ (2,794,672)$ (825,522)$ Covered-employee payroll (1) 93,299,224$ 88,433,576$ 81,451,477$ 79,636,594$
Contributions as a percentage of covered-employ
ee payroll -2.42% -13.92% -8.78% -6.22%
Notes to Schedule:

Valuation date: June 30, 2023 June 30, 2023 June 30, 2021 June 30, 2019 (1) Covered-employee payroll is used because c
ontributions are not entirely based on a measure of pay. * Fiscal year 2018 was the first year of
implementation, therefore only eight years are shown.

Last 10 Years *

Page 1 of 2 ends

SCHEDULE OF CONTRIBUTIO
NS
Last Ten Fiscal Years*

CITY OF NEWPORT BEACH
Post-Employment Healt
h Care Benefits (OPEB) Retirement Plan
As of June 30, 2025
152
2021 2020 2019 2018
Actuarially determined contribution 4,108,719$ 3,834,916$ 3,827,337$ 3,925,087$ Contributions in relation to the actuarially determined cont ributions (6,511,545) (5,379,799) (5,133,062) (5,309,626) Contribution deficiency (excess) (2,402,826)$ (1,544,883)$ (1,305,725)$ (1,384,539)$ Covered-employee payroll (1) 78,621,426$ 77,637,171$ 75,814,626$ 73,999,059$
Contributions as a percentage of covered-employ
ee payroll -8.28% -6.93% -6.77% -7.18%
Notes to Schedule:

Valuation date: June 30, 2019 June 30, 2017 June 30, 2017 June 30, 2015 Last 10 Years *

Page 2 of 2 ends

SCHEDULE OF CONTRIBUTIO
NS
Last Ten Fiscal Years*

CITY OF NEWPORT BEACH
Post-Employment Healt
h Care Benefits (OPEB) Retirement Plan
As of June 30, 2024
153
Variance with
Final Budget
Positive
Original Final Actual (Negative)
Revenues:

Taxes and ass
essments:

Property 149,296,403$ 152,582,263$ 154,182,579$ 1,600,316$ Sales 45,299,626 45,200,159 45,934,260 734,101 Transient occupancy 32,625,873 32,670,435 33,174,268 503,833 Other taxes 9,587,638 9,587,638 10,385,818 798,180 Intergovernmental 3,593,906 6,665,558 5,670,490 (995,068) Licenses, permits and fees 5,952,271 5,952,271 6,350,277 398,006 Charges for services 25,230,457 25,743,157 26,966,719 1,223,562 Fines and forfeitures 3,996,299 3,996,299 4,344,836 348,537 Investment income 1,402,120 1,402,120 3,771,565 2,369,445 Net increase in fair value of investments 502,805 502,805 1,129,325 626,520 Property income 17,897,004 17,905,504 19,808,736 1,903,232 Donations 375,321 561,100 795,959 234,859 Other (228,676) 537,364
1,202,884 665,520

Total revenues 295,531,047 303,306,673 313,717,716 10,411,043 Expenditures:

General gov
ernment:

City council 931,993 937,514 670,060 267,454 City clerk 1,310,158 1,328,375 1,146,406 181,969 City attorney 2,661,605 2,635,777 2,402,707 233,070 City manager 7,383,432 7,398,394 4,095,692 3,302,702 Finance 10,494,379 10,713,622 9,839,278 874,344 Human resources 3,947,492 4,063,492
3,765,892 297,600

Total general government 26,729,059 27,077,174 21,920,035 5,157,139
Public safety:

Police 78,156,707 82,104,977 77,309,265 4,795,712 Fire 65,865,961 69,749,033
68,498,140 1,250,893

Total public safety 144,022,668 151,854,010 145,807,405 6,046,605 Public works:

Public works - general services 34,629,137 37,023,633 35,362,361 1,661,272 Public works 14,051,846 14,064,912 13,629,170 435,742 Utilities 6,156,003 6,334,661
6,245,152 89,509

Total public works 54,836,986 57,423,206
55,236,683 2,186,523

CITY OF NEWPORT BEACH
Budgetary
Comparison Schedule
General Fund
For the Year Ended June 30, 2025

Page 1 of 2 ends

Budgeted Amounts
See accompanying notes to required sup
plementary information
154
Variance with
Final Budget
Positive
Original Final Actual (Negative)
Communit
y development:

Community development 15,943,481 16,116,984 15,236,583 880,401 Code and water quality enforcement 1,289,886 1,293,007 1,270,045 22,962

Total community development 17,233,367 17,409,991 16,506,628 903,363
Communit
y services:

Parking operations 2,210,923 2,920,724 2,521,425 399,299 Library services 10,818,892 11,515,373 10,212,303 1,303,070 Recreation and senior services 16,151,132 16,547,903 15,727,677 820,226

Total community services 29,180,947 30,984,000 28,461,405 2,522,595
Debt service:

Principal - - 1,283,576 (1,283,576) Interest and fiscal charges - - 77,188
(77,188)

Total debt service - -
1,360,764 (1,360,764)

Total expenditures 272,003,027 284,748,381 269,292,920 15,455,461

Excess of revenues
over expenditures 23,528,020 18,558,292
44,424,796 25,866,504
Other financing sources (uses):

Transfers in 19,767,775 20,317,944 20,317,944 - Transfers out (39,255,611) (56,036,418) (53,036,418) 3,000,000

Total other financing
sources (uses) (19,487,836) (35,718,474) (32,718,474) 3,000,000

Net change in fund balance 4,040,184 (17,160,182) 11,706,322 28,866,504 Fund balance, beginning 96,441,188 96,441,188 96,441,188 -

Fund balance, ending 100,481,372$
79,281,006$ 108,147,510$ 28,866,504$ Budgeted Amounts

CITY OF NEWPORT BEACH
Budgetary
Comparison Schedule
General Fund
For the Year Ended June 30, 2025

Page 2 of 2 ends

See accompanying notes to required sup
plementary information
155
Variance with
Final Budget
Positive
Original Final Actual (Negative)
Revenues:

Licens
es, permits and fees 92,200$ 92,200$ 110,943$ 18,743$ Charges for services 25,300 25,300 65,341 40,041 Fines and forfeitures 31,000 31,000 37,814 6,814 Investment income 134,976 134,976 332,181 197,205 Net increase in fair value of investments - - 52,743 52,743 Property income 14,476,011 14,624,011 16,739,019 2,115,008 Other - -
78 78

Total revenues 14,759,487 14,907,487 17,338,119 2,430,632 Expenditures:

Genera
l government 576,031 576,031 576,031 - Public works 1,415,449 1,726,356 1,546,690 179,666 Community development 2,280 15,580 29,506 (13,926) Community services 2,817,875 2,811,808 2,709,858 101,950 Capital outlay - 5,561,871 1,160,516 4,401,355

Total expenditures 4,811,635 10,691,646 6,022,601 4,669,045

Excess (deficiency) of revenues
over expenditures 9,947,852 4,215,841 11,315,518 7,099,677 Other financing sources:

Tran
sfers in 12,256,805 12,263,815 12,263,815 - Transfers out (19,767,775) (20,317,944) (20,317,944) -

Total other financing sources (7,510,970) (8,054,129) (8,054,129) -

Net change in fund balance 2,436,882 (3,838,288) 3,261,389 7,099,677 Fund balance, beginning 8,547,722 8,547,722 8,547,722 -

Fund balance, ending 10,984,604$
4,709,434$ 11,809,111$ 7,099,677$

CITY OF NEWPORT BEACH
Budge
tary Comparison Schedule
Tide and Submerged Land - Operating
For the Year Ended June 30, 2025
Budgeted Amounts
See accompanying notes to required supplem
entary information
156
Variance with
Final Budget
Positive
Original Final Actual (Negative)
Revenues:

Taxes and assessmen
ts:

Investment income 707,038$ 707,038$ 2,170,732$ 1,463,694$ Net increase in fair value of investments - - 625,833 625,833 Property income 5,954,462 5,954,462 6,711,452 756,990 Total revenues 6,6
61,500 6,661,500 9,508,017 2,846,517
Expenditures:

Capital ou
tlay - 10,422,952 945,092 9,477,860 Excess (deficiency
) of revenues
over expenditures 6,661,500 (3,761,452) 8,562,925 12,324,377 Other financing sources:

Transfers in 5,832,875 5,832,875 5,832,875 - Net change in fund bal
ance 12,494,375 2,071,423 14,395,800 12,324,377 Fund balance, beginning 43,107,346 43,107,346 43,107,346 - Fund balance, ending 55,601,7
21$ 45,178,769$ 57,503,146$ 12,324,377$

CITY OF NEWPORT BEA
CH
Budgetary Comparison Schedule
Tide and Submerged Land - Harbor Capital
For the Year Ended June 30, 2025
Budgeted Amounts
See accompanying notes to
required supplementary information
157

CITY OF NEWPORT
BEACH
Notes to Required Supplementary Information
June 30, 2025

(1) Budgetary Control and Compliance

The City adheres
to the following general procedures in establishing the budgetary data reflected in the financial statements:

 During May, the City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the following July 1. The operating budget includes proposed expenditures and the means of financing them. Public hearings are conducted at City Council meetings to obtain citizen comments. Prior to July 1, the budget is legally adopted through passage of an appropriation resolution.

 Budgets are adopted on an annual basis consistent with generally accepted accounting principles for General and Special Revenue Funds, except for the Opioid Remediation Fund, for which no budget was adopted.

 The City does not present budget information on Capital Projects Funds since the City approves project-length budgets. These project-length budgets authorize total expenditures over the duration of a construction project rather than through year-by-year budgeting.

 The City does not present budget information on Debt Service and Permanent Funds since the City is not required to and does not adopt an annual budget for these funds.

 The budget is formally integrated into the accounting system and employed as a management control device during the year.

 The legal level of budgetary control is at the fund level. The City Manager is authorized to transfer budgeted amounts between departments within any fund; however, any revisions which alter the total appropriations of any fund must be approved by the City Council.

 At fiscal year-end, budget appropriations lapse. Budget appropriations for incomplete capital projects are re-budgeted in the following fiscal year by City Council action and are included in the revisions noted above. Projects that are not started during the budget year are re-evaluated in the following year.

 Encumbrances represent commitments related to unperformed contracts for goods and services. The City utilizes an encumbrance system as a management control technique to assist in controlling expenditures. Under this system, encumbrance accounting for the expenditure of funds is recorded in order to indicate outstanding commitments and is employed in the governmental fund types. Encumbrances outstanding at year-end are reported as committed or restricted fund balances since they do not constitute expenditures or liabilities. Encumbrances and their related budgets are honored in the subsequent year to fulfill these commitments and are presented in the original adopted budget.

158

CITY OF NEWPORT
BEACH
Notes to Required Supplementary Information
June 30, 2025

(1) Budgetary Control and Compliance (Continued)

Expenditures exceeded
appropriations in the following governmental fund:

Appropriations Expenditures Variance
Supplemental Law Enforceme
nt Services $250,000 $250,045 $(45)

159

This page left blank intentionally.
160

FINANCIAL SECTION

SUPPLEMENTARY INFORMATION

OTHER GOVERNMENTAL FUNDS
161

This page left blank intentionally.
162

OTHER GOVERNMENTAL FUNDS

Other Special Revenue Funds

Special Revenue Funds are used to account for the proceeds of specific revenue sources which are legally restricted to expenditures for specified purposes. The City of Newport Beach Special Revenue Funds are as follows:

The State Gas Tax Fund accounts for all State Gas Tax related revenues and expenditures, including street repair, construction, and maintenance. State law requires that these funds be used exclusively for maintenance of the street and highway system.

The SB1 Gas Tax RMRA Fund accounts for all Road Maintenance and Rehabilitation Account related revenues and expenditures. State law requires that these funds be used exclusively for the transportation system. RMRA revenues are from fuel and vehicle registration taxes imposed by the state’s Road Repair and Accountability Act of 2017.

The Asset Forfeiture Fund was established to account for all revenues resulting from the seizure of assets in conjunction with criminal cases (primarily drug trafficking) in which judicial proceedings have been completed . All such funds are property of the City, and i t is the City's policy that these funds shall be used for enhancement of law enforcement programs.

The Office of the Traffic Safety (OTS) DUI Grant Fund is used to account for federal funding of the Selective Traffic Enforcement Program (STEP). These funds are used exclusively for DUI enforcement.

The Circulation and Transportation Fund is used to account for fair share revenues collected from developers and restricted for capital improvement projects meeting the circulation element of the City’s General Plan.

The Building Excise Tax Fund is used to account for revenues received from builders or developers on building or remodeling projects within the City. Expenditures from this fund are used exclusively for public safety, libraries, parks, beaches, or recreational activities.

The Community Development Block Grant Fund is used to account for revenues and expenditures relating to the City's Community Development Block Grant program. These funds are received from the Federal Department of Housing and Urban Development and must be expended exclusively on programs for low or moderate income individuals/families.

The Air Quality Management District Fund is used to account for revenues received from the South Coast Air Quality Management District restricted for the use of reducing air pollution.

The Environmental Liability Fund is used to account for solid waste fees restricted for mitigation of future environmental liability relating to the handling of solid waste.

The Supplemental Law Enforcement Services Fund (SLESF) is used to account for revenues received from the county to be used exclusively for front line law enforcement services.

The Opioid Remediation Fund is used to account for revenues received from various settlements related to opioid manufacturing and distribution to be used exclusively for opioid remediation activities.
163
The Contributions Fund is used to account for revenues received from other government agencies or private developers and expended for specific streets, highway, construction, or water quality projects.

The Fostering Interest in Nature (FIIN) Fund is restricted for recreation and education programming as a mitigation effort by the California Coastal Commission.

The Restricted Programs Fund is used to account for revenues received that are restricted for affordable housing, public arts and culture, parking improvements, and disability access training.

The Measure M Fund is used to account for the revenues and expenditures of funds received from the Orange County Transportation Authority. Expenditures from this fund are used exclusively for transportation related purposes.

The Oceanfront Encroachment Fund is restricted for ocean front restoration and improvement and maintenance to enhance public access and use of ocean beaches as restricted by the Local Coastal Program.

The PEG Fees Fund is used to account for cable franchise fees received from cable providers for support of Public, Education, and Government access programming only.

The Park Fees Fund is used to account for park in-lieu fees collected in conjunction development agreements and can only be used for specific acquisition, development, or improvement of public parks and recreational facilities.

Other Capital Projects Funds

Capital Projects Funds are used to account for resources used for the acquisition and construction of capital facilities by the City, except those financed by Enterprise Funds.

The City of Newport Beach Capital Projects Funds are as follows:

The Assessment District Fund is used to account for the receipt and expenditure of funds received from 1911 Act and 1915 Act Assessment Districts for capital improvement projects.

The Fire Station Fund is used to account for the design and construction of new fire stations.

The Civic Center and Park Fund is used to account for the design and construction of a new Civic Center Complex. In prior years, this fund was called City Hall Improvements Fund.

The Police Facility Fund is used to account for the purchase, design and construction of a new police station.

The Newport Uptown Undergrounding Fund is used to account for the receipt and expenditures related to the development within the Newport Uptown Planned Community Development Plan.

The Parks and Community Centers Fund is used to account for expenditures for park and community center rehabilitation, expansion and/or replacement in accordance with the Facilities Financing Planning Program.

The Balboa Village Parking Management District Fund is used to account for revenues and expenditures associated with parking management improvements in Balboa Village.

The Facilities Maintenance Fund is used to account for revenues and expenditures associated with the maintenance of existing facilities.
164
The Neighborhood Enhancement Fund is used to account for projects that will enhance neighborhood aesthetics and functionality.

The Miscellaneous FFP Projects Fund is used to account for expenditures for small scale facility rehabilitation, expansion and/or replacement in accordance with the Facilities Financing Planning Program.

The Junior Lifeguards Fund is used to account for capital improvement projects related to the Junior Lifeguards program.

The Unrestricted Capital Improvements Fund is used to separately account for general fund capital improvement projects.

The Park Maintenance Fund is used to account for capital improvement projects associated with the maintenance of existing parks.

Other Permanent Funds

Permanent Funds are used to report resources that are legally restricted for the extent that only earnings, not principal, may be used for purposes that support the reporting government’s programs. The City of Newport Beach Permanent Funds are as follows:

The Bay Dredging Fund is used to account for the receipt of permanent endowments intended to fund the ongoing cost of maintaining and dredging of the Upper Newport Bay.

The Ackerman Fund is used to account for the receipt of permanent endowments intended as follows: 75% of the fund’s investment proceeds will be used for the purchase of high- tech library equipment while the remaining 25% will be used for scholarships for needy students.

165
SB1 Gas Tax Circulati
on and
State Gas Tax RMRA Asset Forfeiture OTS DUI Grant Transportation Assets
Cash and investmen
ts 4,112,410$ 1,397,293$ 646,928$ -$ 1,218,284$ Receivables:

Accounts (net of allowance) - - - - - Interest 18,719 6,360 1,711 - 5,547 Intergovernmental receivables 204,277 409,218 - 76,000 - Lease receivables - - - - - Restricted cash and investments with fiscal agent - - - - - Prepaid items - -
-
-
-

Total assets 4,335,406$ 1,812,871$
648,639$
76,000$
1,223,831$

Liabilities, Deferred Infl
ows of Resources
and Fund Balances
Liabilities:

Accounts payable 51,191$ 133,786$ 1,653$ -$ -$ Accrued payroll - - - - - Unearned revenue - - - - - Due to other funds - -
-
76,011
-

Total liab
ilities 51,191 133,786
1,653
76,011
-

Deferred inflows of resources:

Unavailable revenue - - - - - Deferred amount from leases - - -
-
-

Total d
eferred inflows of resources - - -
-
-

Fund balances (deficits)
:

Nonspendable:

Prepaid items - - - - - Permanent endowment - - - - - Restricted 4,284,215 1,679,085 646,986 - 1,223,831 Committed - - - - - Unassigned -
-
-
(11)
-

Total f
und balances (deficits) 4,284,215 1,679,085 646,986
(11)
1,223,831

Total liab
ilities, deferred inflows of resources
and fund balances 4,335,406$ 1,812,871$ 648,639$
76,000$
1,223,831$

(continued)

CITY OF N

EWPORT BEACH
Other Governmental Funds
Combining Balance Sheet
June 30, 2025

Page 1 of 7 ends

Special Revenue
166
Community Air Quality Suppl
emental
Building Excise Development Management Environmental Law Enforcement Tax Block Grant District Liability Services
Assets
Cash and investmen
ts 446,514$ 65,752$ 1,926,464$ 10,264,864$ -$ Receivables:

Accounts (net of allowance) - - - 5,582 - Interest 2,032 - 8,770 46,705 - Intergovernmental receivables - - 28,688 - - Lease receivables - 3,268,884 - - - Restricted cash and investments with fiscal agent - - - - - Prepaid items - -
-
17,024
-

Total assets 448,546$ 3,334,636$
1,963,922$
10,334,175$
-$

Liabilities, Deferred Infl
ows of Resources
and Fund Balances
Liabilities:

Accounts payable 197,097$ 102,881$ -$ 79,752$ -$ Accrued payroll - - - 4,327 - Unearned revenue - 26,297 - - - Due to other funds - -
-
-
-

Total liab
ilities 197,097 129,178
-
84,079
-

Deferred inflows of resources:

Unavailable revenue - - 28,688 - - Deferred amount from leases - 3,162,503 -
-
-

Total d
eferred inflows of resources - 3,162,503 28,688
-
-

Fund balances (deficits)
:

Nonspendable:

Prepaid items - - - 17,024 - Permanent endowment - - - - - Restricted 251,449 42,955 1,935,234 10,233,072 - Committed - - - - - Unassigned -
-
-
-
-

Total f
und balances (deficits) 251,449 42,955 1,935,234
10,250,096
-

Total liab
ilities, deferred inflows of resources
and fund balances 448,546$ 3,334,636$ 1,963,922$
10,334,175$
-$

(continued)

CITY OF N

EWPORT BEACH
Other Governmental Funds
Combining Balance Sheet
June 30, 2025

Page 2 of 7 ends

Special Revenue
167
Opioid Restricted
Remediation Contributions FIIN Programs Measure M
Assets
Cash and investmen
ts 1,407,988$ 2,469,601$ 1,221,021$ 2,981,649$ 489,405$ Receivables:

Accounts (net of allowance) - 412,212 - 7,800 - Interest - - 5,559 13,575 3,913 Intergovernmental receivables - - - - 1,282,940 Lease receivables - - - - - Restricted cash and investments with fiscal agent - - - - - Prepaid items - -
-
-
-

Total assets 1,407,988$ 2,881,813$
1,226,580$
3,003,024$
1,776,258$

Liabilities, Deferred Infl
ows of Resources
and Fund Balances
Liabilities:

Accounts payable -$ 705,175$ -$ -$ 104,238$ Accrued payroll - - - - - Unearned revenue 1,407,988 188,779 - - 394,810 Due to other funds - 696
-
-
-

Total liab
ilities 1,407,988 894,650
-
-
499,048

Deferred inflows of resources:

Unavailable revenue - 412,211 - 7,800 806,435 Deferred amount from leases - - -
-
-

Total d
eferred inflows of resources - 412,211 -
7,800
806,435

Fund balances (deficits)
:

Nonspendable:

Prepaid items - - - - - Permanent endowment - - - - - Restricted - 1,574,952 1,226,580 2,995,224 470,775 Committed - - - - - Unassigned -
-
-
-
-

Total f
und balances (deficits) - 1,574,952 1,226,580
2,995,224
470,775

Total liab
ilities, deferred inflows of resources
and fund balances 1,407,988$ 2,881,813$ 1,226,580$
3,003,024$
1,776,258$

(continued)

CITY OF N

EWPORT BEACH
Special Revenue
Other Governmental Funds
Combining Balance Shee
t
June 30, 2025

Page 3 of 7 ends

168
Oceanfront Assessment
Enc
roachment PEG Fees Park Fees District Fire Station
Assets
Cash and investmen
ts 1,276,211$ 3,935,844$ 127,731$ -$ 9,585,255$ Receivables:

Accounts (net of allowance) 18,355 69,652 - - - Interest 5,809 17,916 581 121,120 43,633 Intergovernmental receivables - - - - - Lease receivables - - - - - Restricted cash and investments with fiscal agent - - - 19,933,423 306,531 Prepaid items - -
-
-
-

Total assets 1,300,375$ 4,023,412$
128,312$
20,054,543$
9,935,419$

Liabilities, Deferred Infl
ows of Resources
and Fund Balances
Liabilities:

Accounts payable 37,374$ -$ -$ 2,403,459$ 28,503$ Accrued payroll - - - - - Unearned revenue - - - - - Due to other funds - -
-
1,771,077
-

Total liab
ilities 37,374 -
-
4,174,536
28,503

Deferred inflows of resources:

Unavailable revenue - - - - - Deferred amount from leases - - -
-
-

Total d
eferred inflows of resources - - -
-
-

Fund balances (deficits)
:

Nonspendable:

Prepaid items - - - - - Permanent endowment - - - - - Restricted 1,263,001 4,023,412 128,312 15,880,007 306,531 Committed - - - - 9,600,385 Unassigned -
-
-
-
-

Total f
und balances (deficits) 1,263,001 4,023,412 128,312
15,880,007
9,906,916

Total liab
ilities, deferred inflows of resources
and fund balances 1,300,375$ 4,023,412$
128,312$
20,054,543$
9,935,419$

(continued)

Page 4 of 7 ends

June 3
0, 2025

CITY OF NEWPORT BEACH
Other Governmental Funds
Combining Balance Sheet
Special Revenue Capital Projects
169
Balboa Village
Parks a
nd Parking
Civic Center Newport Uptown Community Management
and Park Police Facility Undergrounding Centers District Assets
Cash and investmen
ts 524,741$ 719,958$ 3,570$ 14,301,823$ 169,874$ Receivables:

Accounts (net of allowance) - - - - - Interest 2,161 3,277 16 65,101 768 Intergovernmental receivables - - - - - Lease receivables - - - - - Restricted cash and investments with fiscal agent - - - - - Prepaid items - -
-
-
-

Total assets 526,902$ 723,235$
3,586$
14,366,924$
170,642$

Liabilities, Deferred Infl
ows of Resources
and Fund Balances
Liabilities:

Accounts payable -$ -$ -$ 970,917$ -$ Accrued payroll - - - - - Unearned revenue - - - - - Due to other funds - -
-
-
-

Total liab
ilities - -
-
970,917
-

Deferred inflows of resources:

Unavailable revenue - - - - - Deferred amount from leases - - -
-
-

Total d
eferred inflows of resources - - -
-
-

Fund balances (deficits)
:

Nonspendable:

Prepaid items - - - - - Permanent endowment - - - - - Restricted - - 3,586 - - Committed 526,902 723,235 - 13,396,007 170,642 Unassigned -
-
-
-
-

Total f
und balances (deficits) 526,902 723,235 3,586
13,396,007
170,642

Total liab
ilities, deferred inflows of resources
and fund balances 526,902$ 723,235$
3,586$
14,366,924$
170,642$

(continued)
Capital Projects

CITY OF NEWPORT BEA
CH
Other Governmental Funds
Combining Balance Sheet
June 30, 2025

Page 5 of 7 ends

170
Miscellaneous U
nrestricted
Facilities Neighborhood Facilities Junior Capital
Maintenance Enhancement Financing Lifeguards Improvements Assets
Cash and investmen
ts 4,198,589$ 8,844,258$ 7,168,328$ 56,181$ 19,555,928$ Receivables:

Accounts (net of allowance) - - - - - Interest 19,114 40,258 32,630 256 - Intergovernmental receivables - - - - - Lease receivables - - - - - Restricted cash and investments with fiscal agent - - - - - Prepaid items - -
-
-
-

Total assets 4,217,703$ 8,884,516$
7,200,958$
56,437$
19,555,928$

Liabilities, Deferred Infl
ows of Resources
and Fund Balances
Liabilities:

Accounts payable 1,177,585$ 69,355$ 20,404$ -$ 1,099,910$ Accrued payroll - - - - - Unearned revenue - - - - - Due to other funds - -
-
-
-

Total liab
ilities 1,177,585 69,355
20,404
-
1,099,910

Deferred inflows of resources:

Unavailable revenue - - - - - Deferred amount from leases - - -
-
-

Total d
eferred inflows of resources - - -
-
-

Fund balances (deficits)
:

Nonspendable:

Prepaid items - - - - - Permanent endowment - - - - - Restricted - - - - - Committed 3,040,118 8,815,161 7,180,554 56,437 18,456,018 Unassigned -
-
-
-
-

Total f
und balances (deficits) 3,040,118 8,815,161 7,180,554
56,437
18,456,018

Total liab
ilities, deferred inflows of resources
and fund balances 4,217,703$ 8,884,516$ 7,200,958$
56,437$
19,555,928$

(continued)
Capital Projects

CITY OF NEWPORT BEA
CH
Other Governmental Funds
Combining Balance Sheet
June 30, 2025

Page 6 of 7 ends

171
Total
Other
Park Ackerm
an Governmental
Maintenance Bay Dredging Donation Funds
Assets
Cash and investmen
ts 2,225,058$ 5,892,680$ 1,264,903$ 108,499,105$ Receivables:

Accounts (net of allowance) - - - 513,601 Interest 10,128 26,822 5,758 508,239 Intergovernmental receivables - - - 2,001,123 Lease receivables - - - 3,268,884 Restricted cash and investments with fiscal agent - - - 20,239,954 Prepaid items - -
-
17,024

Total assets 2,235,186$ 5,919,502$
1,270,661$
135,047,930$

Liabilities, Deferred Infl
ows of Resources
and Fund Balances
Liabilities:

Accounts payable 500,120$ -$ 4,901$ 7,688,301$ Accrued payroll - - - 4,327 Unearned revenue - - - 2,017,874 Due to other funds - -
-
1,847,784

Total liab
ilities 500,120 -
4,901
11,558,286

Deferred inflows of resources:

Unavailable revenue - - - 1,255,134 Deferred amount from leases - - -
3,162,503

Total d
eferred inflows of resources - - -
4,417,637

Fund balances (deficits)
:

Nonspendable:

Prepaid items - - - 17,024 Permanent endowment - 3,857,000 772,781 4,629,781 Restricted - 2,062,502 492,979 50,724,688 Committed 1,735,066 - - 63,700,525 Unassigned -
-
-
(11)

Total f
und balances (deficits) 1,735,066 5,919,502 1,265,760
119,072,007

Total liab
ilities, deferred inflows of resources
and fund balances 2,235,186$ 5,919,502$ 1,270,661$
135,047,930$

Capital Projects Permanent Funds

CITY OF NEWPORT BEA
CH
Other Governmental Funds
Combining Balance Sheet
June 30, 2025

Page 7 of 7 ends

172
SB1 Gas Tax Circulation and
State Gas Tax RMRA Asset Forfeiture OTS DUI Grant Transportation Revenues:

Other tax
es -$ -$ -$ -$ -$ Intergovernmental 2,396,189 2,322,193 28,708 289,817 - Charge for services - - - - - Licenses, permits and fees - - - - 246,773 Property income - - - - - Investment income 138,825 50,637 29,759 - 46,290 Net increase in fair value of investments 37,164 11,313 8,966 - 12,619 Donations - - - - - Other - -
-
-
-

T
otal revenues 2,572,178 2,384,143
67,433
289,817
305,682

Expenditures:

Current:

General government - - - - - Public safety - - 237,845 289,817 - Public works - - - - - Community development - - - - - Community services - - - - - Capital outlay 1,085,764 1,531,057 -
-
-

T
otal expenditures 1,085,764 1,531,057 237,845
289,817
-

Ex
cess (deficiency) of revenues
over expenditures 1,486,414 853,086 (170,412)
-
305,682

Other financing sources:

Transfer
s in - -
-
148
-

Total ot
her financing sources - - -
148
-

Net ch
ange in fund balances 1,486,414 853,086 (170,412) 148 305,682 Fund balances (deficits), beginning 2,797,801 825,999 817,398
(159)
918,149

Fund balances (deficits),
ending 4,284,215$ 1,679,085$
646,986$
(11)$
1,223,831$

(continued)
Special Revenue
Expenditures and Changes in Fund Balance
s
For the Year Ended June 30, 2025

Page 1 of 7 ends

Other Governmental Funds

CITY OF NEWPORT BEACH
Combining Statement of Revenues,
173
Community Air Quality Supplemental
Bu
ilding Excise Development Management Environmental Law Enforcement Tax Block Grant District Liability Services
Revenues:

Other tax
es -$ -$ -$ 1,021,443$ -$ Intergovernmental - 256,812 109,233 - 250,045 Charge for services - - - - - Licenses, permits and fees 116,386 - - - - Property income - 419,494 - - - Investment income 15,700 5,029 71,265 402,385 - Net increase in fair value of investments 4,409 - 20,454 116,159 - Donations - - - - - Other - -
-
48,261
-

T
otal revenues 136,495 681,335
200,952
1,588,248
250,045

Expenditures:

Current:

General government - - - - - Public safety - - - - 250,045 Public works - - - 411,971 - Community development - 197,235 - - - Community services - - - - - Capital outlay 255,865 211,523
10,987
887,170
-

T
otal expenditures 255,865 408,758 10,987
1,299,141
250,045

Ex
cess (deficiency) of revenues
over expenditures (119,370) 272,577 189,965
289,107
-

Other financing sources:

Transfer
s in - -
-
-
-

Total ot
her financing sources - - -
-
-

Net ch
ange in fund balances (119,370) 272,577 189,965 289,107 - Fund balances (deficits), beginning 370,819 (229,622) 1,745,269
9,960,989
-

Fund balances (deficits),
ending 251,449$ 42,955$
1,935,234$
10,250,096$ -$

(continued)
Special Revenue
Expenditures and Changes in Fund Balance
s
For the Year Ended June 30, 2025

Page 2 of 7 ends

CITY OF NEWPORT BEACH
Combining Statement of Revenues,
Other Governmental Funds
174
Opioid Restricted
Remediation Contributions FIIN Programs Measure M
Revenues:

Other tax
es -$ -$ -$ -$ -$ Intergovernmental - 1,931,959 - - 2,912,762 Charge for services - - - 92,129 - Licenses, permits and fees - - - 75,000 - Property income - - - 26,700 - Investment income - 24 45,978 106,242 59,134 Net increase in fair value of investments - 10 13,453 30,155 28,380 Donations - 3,324,078 278,407 123,539 - Other - -
-
71,894
-

T
otal revenues - 5,256,071 337,838
525,659
3,000,276

Expenditures:

Current:

General government - - - - - Public safety - - - - - Public works - - - - - Community development - - - 23,411 - Community services - - 206,058 17,586 - Capital outlay - 7,883,088 -
-
5,061,553

T
otal expenditures - 7,883,088 206,058
40,997
5,061,553

Ex
cess (deficiency) of revenues
over expenditures - (2,627,017) 131,780
484,662
(2,061,277)

Other financing sources:

Transfer
s in - 5,489
-
-
-

Total ot
her financing sources - 5,489 -
-
-

Net ch
ange in fund balances - (2,621,528) 131,780 484,662 (2,061,277) Fund balances (deficits), beginning - 4,196,480 1,094,800
2,510,562
2,532,052

Fund balances (deficits),
ending -$ 1,574,952$
1,226,580$
2,995,224$
470,775$

(continued)

CITY OF NEWPORT BEACH
Ot
her Governmental Funds
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Special Revenue
For the Year Ended June 30, 2025

Page 3 ends

7 175
Oceanfront Assessment
Encroachment PEG Fees Park Fees District Fire Station
Revenues:

Other tax
es -$ -$ -$ -$ -$ Intergovernmental - - - - - Charge for services - - - - - Licenses, permits and fees - 287,312 125,786 - - Property income 279,559 - - - - Investment income 47,784 144,787 2,155 1,023,092 199,245 Net increase in fair value of investments 13,732 41,307 371 222,273 45,705 Donations - - - - - Other - -
-
-
-

T
otal revenues 341,075 473,406
128,312
1,245,365
244,950

Expenditures:

Current:

General government - - - - - Public safety - - - - - Public works - - - 10,327,269 - Community development - - - - - Community services - - - - - Capital outlay 261,626 -
-
-
425,123

T
otal expenditures 261,626 -
-
10,327,269
425,123

Ex
cess (deficiency) of revenues
over expenditures 79,449 473,406 128,312
(9,081,904)
(180,173)

Other financing sources:

Transfer
s in - -
-
-
6,800,000

Total ot
her financing sources - - -
-
6,800,000

Net ch
ange in fund balances 79,449 473,406 128,312 (9,081,904) 6,619,827 Fund balances (deficits), beginning 1,183,552 3,550,006 -
24,961,911
3,287,089

Fund balances (deficits),
ending 1,263,001$ 4,023,412$
128,312$
15,880,007$
9,906,916$

(continued)

CITY OF NEWPORT BEACH
Ot
her Governmental Funds
Combining Statement of Revenues,
Special Revenue Capital Projects

Page 4 of 7 ends

For the Year Ended June 30,
2025
Expenditures and Changes in Fund Balances
176
Balboa Village
Parks and Parking
Civic Center Newport Uptown
Community Management
and Park Police Facility Undergrounding Centers District Revenues:

Other tax
es -$ -$ -$ -$ -$ Intergovernmental - - - - - Charge for services - - - - - Licenses, permits and fees - - - - - Property income - - - - - Investment income 18,105 27,402 136 798,122 8,007 Net increase in fair value of investments 5,241 7,925 39 252,696 3,353 Donations - - - - - Other - -
-
-
-

T
otal revenues 23,346 35,327
175
1,050,818
11,360

Expenditures:

Current:

General government 1,610 - - - - Public safety - - - - - Public works - - - - - Community development - - - - - Community services - - - - - Capital outlay - -
-
4,568,234
151,311

T
otal expenditures 1,610 -
-
4,568,234
151,311

Ex
cess (deficiency) of revenues
over expenditures 21,736 35,327 175
(3,517,416)
(139,951)

Other financing sources:

Transfer
s in - -
-
805,874
-

Total ot
her financing sources - - -
805,874
-

Net ch
ange in fund balances 21,736 35,327 175 (2,711,542) (139,951) Fund balances (deficits), beginning 505,166 687,908 3,411
16,107,549
310,593

Fund balances (deficits),
ending 526,902$ 723,235$
3,586$
13,396,007$
170,642$

(continued)
Other Governmental Fund
s

CITY OF NEWPORT BEACH
Combining Statement of Revenues,
Capital Projects
Expenditures and Changes in Fund Balance
s
For the Year Ended June 30, 2025

Page 5 of 7 ends

177
Miscellaneous Unrestricted
Faciliti
es Neighborhood Facilities Junior Capital
Maintenance Enhancement Financing Lifeguards Improvements Revenues:

Other tax
es -$ -$ -$ -$ -$ Intergovernmental - - - - - Charge for services - - - - - Licenses, permits and fees - - - - - Property income - - - - - Investment income 219,646 403,858 266,597 2,746 - Net increase in fair value of investments 68,496 125,543 76,346 1,234 - Donations - - - - - Other - -
-
-
-

T
otal revenues 288,142 529,401
342,943
3,980
-

Expenditures:

Current:

General government - - - - - Public safety - - - - - Public works - - - - - Community development - - - - - Community services - - - - - Capital outlay 3,916,165 3,445,072 185,216
74,984
10,021,184

T
otal expenditures 3,916,165 3,445,072 185,216
74,984
10,021,184

Ex
cess (deficiency) of revenues
over expenditures (3,628,023) (2,915,671) 157,727
(71,004)
(10,021,184)

Other financing sources:

Transfer
s in 2,500,000 -
500,000
5,295
12,757,055

Total ot
her financing sources 2,500,000 -
500,000
5,295
12,757,055

Net ch
ange in fund balances (1,128,023) (2,915,671) 657,727 (65,709) 2,735,871 Fund balances (deficits), beginning 4,168,141 11,730,832 6,522,827
122,146
15,720,147

Fund balances (deficits),
ending 3,040,118$ 8,815,161$
7,180,554$
56,437$
18,456,018$

(continued)

CITY OF NEWPORT BEACH
Ot
her Governmental Funds
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
For the Year Ended June 30, 2025

Page 6 of 7 ends

Capital Projects
178
Total
Other
Park Ackerman Governmental
Maintenance Bay Dredging Donation Funds
Revenues:

Other tax
es -$ -$ -$ 1,021,443$ Intergovernmental - - - 10,497,718 Charge for services - - - 92,129 Licenses, permits and fees - - - 851,257 Property income - - - 725,753 Investment income 103,050 224,280 48,181 4,508,461 Net increase in fair value of investments 34,123 64,865 13,969 1,260,300 Donations - - - 3,726,024 Other - -
-
120,155

T
otal revenues 137,173 289,145
62,150
22,803,240

Expenditures:

Current:

General government - - - 1,610 Public safety - - - 777,707 Public works - - - 10,739,240 Community development - - 4,900 225,546 Community services - - 7,422 231,066 Capital outlay 1,661,709 -
-
41,637,631

T
otal expenditures 1,661,709 -
12,322
53,612,800

Ex
cess (deficiency) of revenues
over expenditures (1,524,536) 289,145 49,828
(30,809,560)

Other financing sources:

Transfer
s in 2,300,000 -
-
25,673,861

Total ot
her financing sources 2,300,000 -
-
25,673,861

Net ch
ange in fund balances 775,464 289,145 49,828 (5,135,699) Fund balances (deficits), beginning 959,602 5,630,357 1,215,932
124,207,706

Fund balances (deficits),
ending 1,735,066$ 5,919,502$
1,265,760$
119,072,007$
Capital Projects Permanent Funds
Other Governmental Funds
Combining Statement
of Revenues,
Expenditures and Changes in Fund Balances
For the Year Ended June 30, 2025

Page 7 of 7 ends

CITY OF NEWPORT BEACH
179

Variance with
Final Budget
Positive
Original Final Actual (Negative)
Revenues:

Intergover
nmental 2,153,871$ 2,153,871$ 2,396,189$ 242,318$ Investment income 95,646 95,646 138,825 43,179 Net increase in fair value of investments - - 37,164 37,164

Total revenues 2,249,517 2,249,517 2,572,178 322,661 Expenditures:

Capital outlay -
3,635,129 1,085,764 2,549,365

Net change in fund balance 2,249,517 (1,385,612) 1,486,414 2,872,026 Fund balance, beginning 2,797,801 2,797,801 2,797,801 -

Fund balance, ending 5,047,318$ 1,412,189$ 4,284,215$ 2,872,026$

CITY OF NEWPORT BEACH
Budge
tary Comparison Schedule
State Gas Tax Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
180

Variance with
Final Budget
Positive
Original Final Actual (Negative)
Revenues:

Intergover
nmental 2,063,464$ 2,063,464$ 2,322,193$ 258,729$ Investment income 16,378 16,378 50,637 34,259 Net increase in fair value of investments - - 11,313 11,313

Total revenues 2,079,842 2,079,842 2,384,143 304,301 Expenditures:

Capital outlay -
2,038,000 1,531,057 506,943

Net change in fund balance 2,079,842 41,842 853,086 811,244 Fund balance, beginning 825,999 825,999 825,999 -

Fund balance, ending 2,905,841$
867,841$ 1,679,085$ 811,244$

CITY OF NEWPORT BEACH
Budge
tary Comparison Schedule
SB1 Gas Tax RMRA Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
181
Variance with
Final Budget
Positive
O
riginal Final Actual (Negative)
Revenues:

Intergover
nmental - $ - $ 28,708$ 28,708$ Investment income - - 29,759 29,759 Net increase in fair value of investments - - 8,966 8,966

Total revenues - - 67,433 67,433 Expenditures:

Public safety 311,000
311,000 237,845 73,155

Net change in fund balance (311,000) (311,000) (170,412) 140,588 Fund balance, beginning 817,398 817,398 817,398 -

Fund balance, ending 506,398$ 506,398$ 646,986$ 140,588$

CITY OF NEWPORT BEACH
Budgetary Com
parison Schedule
Asset Forfeiture Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
182
Variance with
Final Budget
Posit
ive
Original Final Actual (Negative)
Revenues:

Intergovernmental - $
522,434$ 289,817$ (232,617)$
Total revenues -
522,434 289,817 (232,617)
Expenditures:

Public safety -
522,434 289,817 232,617
Excess (deficiency) of revenues

over expenditures - - - - Other financing sources:

Transfers in - 148 148 - Net change in fund balance -
148 148 -
Fund balance (deficit), beginning (159) (159) (159) - Fund balance (deficit), ending (159)$ (11)$ (11)$ -$

CITY OF NEWPORT BEACH
Budge
tary Comparison Schedule
OTS DUI Grant Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
183
Variance with
Final Budget
Positive
O
riginal Final Actual (Negative)
Revenues:

Li
censes, permits and fees 33,462$ -$ 246,773$ 246,773$ Investment income 1,386 1,386 46,290 44,904 Net increase (decrease) in fair value of investments (1,747) (1,747) 12,619
14,366

Total revenues 33,101 (361)
305,682 306,043

Expenditures:

Capital outlay - 159,798
-
159,798

Net change in fund balance 33,101 (160,159) 305,682 465,841 Fund balance, beginning 918,149 918,149
918,149 -

Fund balance, ending 951,250$ 757,990$
1,223,831$ 465,841$

CITY OF NEWPORT BE
ACH
Budgetary Comparison Schedule
Circulati
on and Transportation Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
184
Variance with
Final Budget
Positive
Original Final Actual (Negative)
Revenues:

Licenses, permits and fees 17
9,843$ 179,843$ 116,386$ (63,457)$ Investment income 4,748 4,748 15,700 10,952 Net increase in fair value of investments - - 4,409 4,409 Total revenues 18
4,591 184,591 136,495 (48,096) Expenditures:

Capital ou
tlay - 507,772 255,865 251,907 Net change in fund bal
ance 184,591 (323,181) (119,370) 203,811 Fund balance, beginning 370,819 370,819 370,819 - Fund balance, ending 555,410$
47,638$ 251,449$ 203,811$

CITY OF NEWPORT BEA
CH
Budgetary Comparison Schedule
Building Excise Tax Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
185
Variance with
Final Budget
Positi
ve
Original Final Actual (Negative)
Revenues:

Int
ergovernmental 385,974$ 836,956$ 256,812$ (580,144)$ Property income 305,000 305,773 419,494 113,721 Net increase in fair value of investments - - 5,029
5,029

Total revenues 690,974 1,142,729
681,335 (461,394)

Expenditures:

Communit
y development 183,586 491,976 197,235 294,741 Capital outlay - 657,648 211,523 446,125 Debt service:

Principal 208,000 888 - 888 Interest and fiscal charges 2,548 -
-
-

Total expenditures 394,134 1,150,512
408,758 741,754

Net change in fund balance 296,840 (7,783) 272,577 280,360 Fund balance (deficit), beginning (229,622) (229,622) (229,622) -

Fund balance (deficit), ending 67,
218$ (237,405)$
42,955$ 280,360$

CITY OF NEWPORT BEACH
Budg
etary Comparison Schedule
Community Development Block Grant Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
186
Variance with
Final Budget
Positive
Origina
l Final Actual (Negative)
Revenues:

Intergovernmental 109,900$
109,900$ 109,233$ (667)$
Investment income 31,872 31,872 71,265 39,393 Net increase in fair value of investments - - 20,454 20,454 Total revenues 141
,772 141,772 200,952 59,180
Expenditures:

Capital outl
ay - 986,616 10,987 975,629 Net chan
ge in fund balance 141,772 (844,844) 189,965 1,034,809 Fund balance, beginning 1,745,269 1,745,269 1,745,269 - Fund balance, ending 1,887,
041$ 900,425$ 1,935,234$ 1,034,809$

CITY OF NEWPORT BEA
CH
Budgetary Comparison Schedule
Air Quality Management District Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
187
Variance with
Final Budget
Positive
Original Final Actual (Negative)
Revenues:

Other taxes 71
1,563$ 711,563$ 1,021,443$ 309,880$ Investment income 153,829 153,829 402,385 248,556 Net increase in fair value of investments - - 116,159 116,159 Other revenue 68,409 68,409
48,261 (20,148)

Total revenues 933,801 933,801
1,588,248 654,447
Expenditures:

Public work
s 469,961 470,504 411,971 58,533 Capital outlay - 1,635,454 887,170 748,284

Total expenditures 469,961 2,105,958 1,299,141 806,817

Net change in fund balance 463,840 (1,172,157) 289,107 1,461,264 Fund balance, beginning 9,960,989 9,960,989 9,960,989 -

Fund balance, ending 10,424,829$
8,788,832$ 10,250,096$ 1,461,264$

CITY OF NEWPORT BEACH
Budge
tary Comparison Schedule
Environmental Liability Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
188
Variance with
Final Budget
Positive
Original Final Actual (Negative)
Revenues:

Intergovernmental 250,0
00$ 250,000$ 250,045$ 45$
Expenditures:

Public s
afety 250,000 250,000 250,045 (45) Net change in fund bal
ance - - - - Fund balance, beginning - - - - Fund balance, ending -$ -$ - $ - $

CITY OF NEWPORT BEA
CH
Budgetary Comparison Schedule
Supplemental Law Enforcement Services Special Revenue Fund For the Year Ended June 30, 2025
Budgeted Amounts
189
Variance with
Final Budget
Posit
ive
Original Final Actual (Negative)
Revenues:

Other - $ 350,790$ - $ (350,790)$ Expenditures:

General Governm
ent - 350,790 - 350,790 Net change in fund balance -
- - -
Fund balance, beginning - - - - Fund balance, ending - $ -$ - $ -$

CITY OF NEWPORT BEACH
Budge
tary Comparison Schedule
Opioid Remediation Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
190
Variance with
Final Budget
Positi
ve
Original Final Actual (Negative)
Revenues:

Intergovernmental -
$ 2,578,076$ 1,931,959$ (646,117)$ Investment income 2,945 2,945 24 (2,921) Net increase in fair value of investments - - 10 10 Donations - 3,740,336 3,324,078 (416,258) Other - 42,650
-
(42,650)

Total revenues 2,945 6,364,007
5,256,071 (1,107,936)
Expenditures:

Capital
outlay - 14,242,874 7,883,088 6,359,786

Excess (deficiency) of revenues
over expenditures 2,945 (7,878,867)
(2,627,017) 5,251,850
Other financing sources:

Transfers in - 5,489
5,489
-

Total other financing sources - 5,489
5,489
-

Net change in fund balance 2,945 (7,873,378) (2,621,528) 5,251,850 Fund balance, beginning 4,196,480 4,196,480
4,196,480 -

Fund balance (deficit), ending 4,
199,425$ (3,676,898)$ 1,574,952$ 5,251,850$

CITY OF NEWPORT BEACH
Budg
etary Comparison Schedule
Contributions Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
191
Variance with
Final Budget
Positive
Origin
al Final Actual (Negative)
Revenues:

Investment
income 21,727$ 21,727$ 45,978$ 24,251$ Net increase in fair value of investments 3,612 3,612 13,453 9,841 Donations - - 278,407 278,407

Total revenues 25,339 25,339 337,838 312,499 Expenditures:

Community
services 223,759 224,830 206,058 18,772

Net change in fund balance (198,420) (199,491) 131,780 331,271 Fund balance, beginning 1,094,800 1,094,800 1,094,800 - Fund balance, ending 896,380$ 895,309$ 1,226,580$ 331,271$

CITY OF NEWPORT BEACH
Budgetary Comparison S
chedule
FIIN Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
192

Variance with
Final Budget
Positiv
e
Original Final Actual (Negative)
Revenues:

Charges for servi
ces - $ -$ 92,129$ 92,129$ Licenses, permits and fees 150,000 150,000 75,000 (75,000) Property income 31,749 31,749 26,700 (5,049) Investment income - - 106,242 106,242 Net increase in fair value of investments - - 30,155 30,155 Donations 35,000 35,000 123,539 88,539 Other - - 71,894 71,894 Total rev
enues 216,749 216,749 525,659 308,910 Expenditures:

Community
development - 35,000 23,411 11,589 Community services - 50,086 17,586 32,500 Total ex
penditures - 85,086 40,997 44,089 Net change in f
und balance 216,749 131,663 484,662 352,999 Fund balance, beginning 2,510,562 2,510,562 2,510,562 - Fund balance, endin
g 2,727,311$ 2,642,225$ 2,995,224$ 352,999$

CITY OF NEWPORT BEACH
Budgetary Compa
rison Schedule
Restricted Programs Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
193
Variance with
Final Budget
Positi
ve
Original Final Actual (Negative)
Revenues:

Int
ergovernmental 2,831,037$ 7,938,425$ 2,912,762$ (5,025,663)$ Investment income 48,285 48,285 59,134 10,849 Net increase in fair value of investments - - 28,380
28,380

Total revenues 2,879,322 7,986,710
3,000,276 (4,986,434)
Expenditures:

Cap
ital outlay - 9,995,630
5,061,553 4,934,077

Net change in fund balance 2,879,322 (2,008,920) (2,061,277) (52,357) Fund balance, beginning 2,532,052 2,532,052
2,532,052 -

Fund balance, ending 5,411,374$
523,132$
470,775$ (52,357)$

CITY OF NEWPORT BEACH
Budg
etary Comparison Schedule
Measure M Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
194
Variance with
Final Budget
Positive
Origina
l Final Actual (Negative)
Revenues:

Property income 272,000$
272,000$ 279,559$ 7,559$
Investment income 21,787 21,787 47,784 25,997 Net increase in fair value of investments - - 13,732 13,732 Total revenues 293
,787 293,787 341,075 47,288 Expenditures:

Capital outl
ay - 1,126,814 261,626 865,188 Net chan
ge in fund balance 293,787 (833,027) 79,449 912,476 Fund balance, beginning 1,183,552 1,183,552 1,183,552 - Fund balance, ending 1,477,
339$ 350,525$ 1,263,001$ 912,476$

CITY OF NEWPORT BEA
CH
Budgetary Comparison Schedule
Oceanfront Encroachment Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
195
Variance with
Final Budget
Positive
Original Final Actual (Negative)
Revenues:

Licens
es, permits and fees 360,000$ 360,000$ 287,312$ (72,688)$ Investment income 2,931 2,931 144,787 141,856 Net increase in fair value of investments - - 41,307 41,307

Total revenues 362,931 362,931
473,406 110,475
Expenditures:

Genera
l government - 7,883
-
7,883
Net ch
ange in fund balance 362,931 355,048 473,406 118,358 Fund balance, beginning 3,550,006 3,550,006 3,550,006 - Fund balance, ending 3,912,937$
3,905,054$ 4,023,412$ 118,358$

CITY OF NEWPORT BEACH
Budge
tary Comparison Schedule
PEG Fees Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
196
Variance with
Final Budget
Positive
Original Final Actual (Negative)
Revenues:

Licens
es, permits and fees -$ 558,389$ 125,786$ (432,603)$ Investment income - - 2,155 2,155 Net increase in fair value of investments - - 371
371

Total revenues - 558,389
128,312 (430,077)
Expenditures:

Genera
l government - -
-
-
Net ch
ange in fund balance - 558,389 128,312 (430,077) Fund balance, beginning - -
-
-
Fund balance, ending -$
558,389$ 128,312$ (430,077)$

CITY OF NEWPORT BEACH
Budge
tary Comparison Schedule
Park Fees Special Revenue Fund
For the Year Ended June 30, 2025
Budgeted Amounts
197

This page left blank intentionally.
198

FINANCIAL SECTION

SUPPLEMENTARY INFORMATION

INTERNAL SERVICE FUNDS
199
This page left blank intentionally.
200

INTERNAL SERVICE FUNDS

The Internal Service Funds are used to allocate the cost of providing goods and services by one department to other departments on a cost reimbursement basis.

The City of Newport Beach Internal Service Funds are listed below:

The Insurance Reserve Fund is used to account for the City's self- insured general liability and workers' compensation program.

The Compensated Absences Fund is used to account for the City’s accumulated liability for compensated absences.

The Retiree Insurance Fund is used to account for the cost of providing post-employment health care benefits.

The Equipment Maintenance Fund is used to account for the cost of maintaining and replacing the City’s ro lling stock fleet, parking equipment, coordinated communications system equipm ent, fire equipment and recreation equipment.

The Information Technology Fund is used to account for the cost of maintaining and replacing the City’s computers, printers, copiers and telecommunication services to other departments.

201
Total
Insurance Compensated Retiree Equipm
ent Information Internal
Assets Reserve Absences Insurance Maintenance Technology Service Funds Current assets:

Cash and investments 38,243,734$ 9,662,553$ 1,000,934$ 17,809,845$ 14,850,371$ 81,567,437$ Receivables:

A
ccounts (net of allowance) - - 5,909 28,750 - 34,659 Interest 161,728 43,317 4,034 80,845 67,041 356,965 Intergovernmental receivables - - - 195,387 - 195,387 Inventories - - - 502,830 - 502,830 Prepaid items - - 68,414 4,896,627 733,051 5,698,092

Total current assets 38,405,462 9,705,870 1,079,291 23,514,284 15,650,463 88,355,370

Noncurrent assets:

Capital assets:

Equipment - - - 46,823,756 3,568,652 50,392,408

Intangible right to use equipment - - - - 363,725 363,725 Structures - - - 39,581 - 39,581 Software - - - - 4,360,625 4,360,625 Intangible right to use subscriptions - - - 1,723,597 375,566 2,099,163 Less accumulated depreciation/amortization - - - (31,198,677) (7,422,237) (38,620,914)

Total capital assets (net of accumulated
depreciation/amortization) - - - 17,388,257 1,246,331 18,634,588 Total assets 38,405,462 9,705,870 1,079,291 40,902,541 16,896,794 106,989,958 Deferred outflows of resources:

Deferred amount from pension plans - - - 599,572 1,201,767 1,801,339 Deferred amount from OPEB - - - 100,442 201,328 301,770 Total deferred outflows of resources - - - 700,014 1,403,095 2,103,109 Liabilities
Current liabilities:

Accounts payable 263,325 - - 541,557 150,885 955,767 Accrued payroll 14,833 123,099 183,122 63,202 125,614 509,870 Due to other funds - - 353,001 - - 353,001 Workers' compensation - current 4,497,885 - - - - 4,497,885 General liability - current 3,941,299 - - - - 3,941,299 Compensated absences - current - 8,097,760 - - - 8,097,760 Lease liability - current - - - - 67,339 67,339 Subscription liability - current - - - 170,375 - 170,375 Total current liabilities 8,717,342 8,220,859 536,123 775,134 343,838 18,593,296 Noncurrent liabilities:

Workers' compensation 20,992,090 - - - - 20,992,090 General liability 6,658,815 - - - - 6,658,815 Compensated absences - 6,394,937 - - - 6,394,937 Subscription liability - - - 1,130,571 - 1,130,571 Net pension liability - - - 1,905,114 3,818,611 5,723,725 Net OPEB liability - - - 60,711 121,697 182,408 Total noncurrent liabilities 27,650,905 6,394,937 - 3,096,396 3,940,308 41,082,546 Total liabilities 36,368,247 14,615,796 536,123 3,871,530 4,284,146 59,675,842 Deferred inflows of resources:

Deferred amount from pension plans - - - 1,613 3,231 4,844 Deferred amount from OPEB - - - 23,656 47,414 71,070 Total deferred inflows of resources - - - 25,269 50,645 75,914 Net Position
Invested in capital assets - - - 15,805,661 1,178,992 16,984,653 Unrestricted 2,037,215 (4,909,926) 543,168 21,900,095 12,786,106 32,356,658 Total net position 2,037,215$ (4,909,926)$ 543,168$ 37,705,756$ 13,965,098$ 49,341,311$

CITY OF NEWPORT BEACH
Internal Service Funds
Combining Statem
ent of Net Position
June 30, 2025
202
Total
Insurance Compe
nsated Retiree Equipment Information Internal
Reserve Absences Insurance Maintenance Technology Service Funds Operating revenue
s:

Charges for services 18,475,042$ 3,262,108$ 395,002$ 8,614,875$ 8,365,963$ 39,112,990$ Intergovernmental - - - 195,387$ - 195,387 Employee contributions - - 22,086 - - 22,086 Other 3,679,765 -
2,705,816
10,453
112
6,396,146

Tot
al operating revenues 22,154,807 3,262,108
3,122,904
8,820,715
8,366,075
45,726,609
Operating expenses
:

Salaries and wages 1,531 - - 1,408,150 3,244,603 4,654,284 Depreciation/amortization - - - 3,635,505 640,172 4,275,677 Professional services - - - 250,663 745,620 996,283 Maintenance and supplies - - - 2,260,337 1,842,503 4,102,840 Fleet parts and supplies - - - 545,348 - 545,348 Telecommunication - - - - 188,617 188,617 System maintenance - - - 27,692 - 27,692 Hardware - - - - 534,370 534,370 Software - - - - 369,728 369,728 Workers' compensation 7,107,333 - - - - 7,107,333 Claims and judgments 10,384,659 - - - - 10,384,659 Compensated absences - 2,576,984 - - - 2,576,984 OPEB - - 847,328 - - 847,328 Other - -
2,227,349
-
-
2,227,349

Tot
al operating expenses 17,493,523 2,576,984
3,074,677
8,127,695
7,565,613
38,838,492
Ope
rating income (loss) 4,661,284 685,124
48,227
693,020
800,462
6,888,117

Nonoperating rev
enues:

Investment income 1,315,623 334,620 19,677 697,625 548,867 2,916,412 Net increase in fair value of investments 459,747 92,326 7,872 231,339 155,388 946,672 Gain on sale of capital assets - - - 425,594 - 425,594 Interest expense - -
-
(7,660)
(643)
(8,303)

Tot
al nonoperating revenues 1,775,370 426,946
27,549
1,346,898
703,612
4,280,375

Income (l
oss) before transfers 6,436,654 1,112,070
75,776
2,039,918
1,504,074
11,168,492

Transfers in -
-
-
6,160
15,729
21,889

Chan
ge in net position 6,436,654 1,112,070 75,776 2,046,078 1,519,803 11,190,381

Net position, beginning (4,399,439)
(6,021,996) 467,392
35,659,678 12,445,295 38,150,930
Net position, ending 2,0
37,215$ (4,909,926)$ 543,168$ 37,705,756$ 13,965,098$ 49,341,311$

CITY OF NEWPORT BEACH
I
nternal Service Funds
Combining Statement of Revenues, Expenses
and Changes in Net Position
For the Year Ended June 30, 2025
203
Total
Insurance Compensated Retiree Eq
uipment Information Internal
Reserve Absences Insurance Maintenance Technology Service Funds Cash flows from operating
activities:

Receipts from user
departments 18,501,258$ 3,262,108$ 389,950$ 8,586,125$ 8,365,963$ 39,105,404$ Payments to employ
ees (5,066,472) (1,760,961) -
(1,387,212) (3,226,564) (11,441,209)
Payments to supp
liers (24,678,245) -
(3,075,692) (7,910,764) (3,666,047) (39,330,748) Other operatin
g cash receipts 3,679,765 -
2,727,902 10,453 112
6,418,232
Net cash provided (used) b
y operating activities (7,563,694) 1,501,147 42,160 (701,398) 1,473,464 (5,248,321) Cash flows from noncapital
financing activities:

Cash received from other
funds - -
-
6,160 15,729 21,889

Net cash provided by non
capital financing activities - -
-
6,160 15,729 21,889

Cash flows from capital and r
elated financing activities:

Acquisition of cap
ital assets -
-
-
(3,401,778) (55,061) (3,456,839)
Lease liabili
ties and related -
-
-
-
(73,663) (73,663)
Subscription l
iabilities and related -
-
-
(177,101) (35,446) (212,547)
Proceeds from sale of capital
assets - -
-
425,594 -
425,594
Net cash (used) for capi
tal and related financing activities - - -
(3,153,285) (164,170) (3,317,455)
Cash flows from investin
g activities:

Investment
income 1,754,280 408,418 26,746 914,987 678,610 3,783,041 Net cash provided by in
vesting activities 1,754,280 408,418 26,746 914,987 678,610 3,783,041 Net increase (decrease) in cash
and cash equivalents (5,809,414) 1,909,565 68,906 (2,933,536) 2,003,633 (4,760,846) Cash and cash equival
ents, beginning 44,053,148 7,752,988 932,028 20,743,381 12,846,738 86,328,283 Cash and cash equival
ents, ending 38,243,734$ 9,662,553$ 1,000,934$ 17,809,845$ 14,850,371$ 81,567,437$ Reconciliation to t
he statement of net position:

Cash and investm
ents reported on statement of net position 38,243,734$ 9,662,553$ 1,000,934$ 17,809,845$ 14,850,371$ 81,567,437$ Cash and cash
equivalents 38,243,734$ 9,662,553$ 1,000,934$ 17,809,845$ 14,850,371$ 81,567,437$ Reconciliation of operat
ing income to net cash
provided by op
erating activities:

Operating i
ncome 4,661,284$ 685,124$ 48,227$ 693,020$ 800,462$ 6,888,117$ Adjustments to reconcil
e operating income
to net cash prov
ided by operating activities:

Depreciation -
-
-
3,635,505 640,172 4,275,677
Changes i
n operating assets and liabilities:
(In
crease) decrease in accounts receivable 26,216 - (5,052) (28,750) -
(7,586)

(In
crease) in inventories -
-
-
(39,048) -
(39,048)
(In
crease) decrease in prepaid items -
-
1,451 (4,838,790) (64,855) (4,902,194) In
crease (decrease) in accounts payable and accrued
pay
roll (14,049,402) (28,508)
(2,466) 70,455 94,486 (13,915,435) Increase
in workers' compensation 2,039,412 -
-
-
-
2,039,412
(Decrease) i
n general liability (241,204) -
-
-
-
(241,204)
Increase
in compensated absences -
844,531 -
-
-
844,531
(Decrease) i
n net pension liability and deferred cash flows -
-
-
(23,676) (47,456) (71,132)
Increase
in net OPEB liability and deferred cash flows - - -
25,273 50,655 75,928

Total adjustments (12,224,978) 816,023 (6,067) (1,394,418) 673,002 (12,136,438)

Net cash provided (used) by operating activities (7,563,694)$ 1,501,147$ 42,160$ (701,398)$ 1,473,464$ (5,248,321)$ Noncash financing an
d investing activities:

Capital asset
s financed by ending accounts payable - - -
281,650 -
281,650

Total of noncash activities -$ -$ -$ 281,650$ -$ 281,650$

CITY OF NEWPORT BEACH
Combi
ning Statement of Cash Flows
For the Year Ended June 30, 2025
Internal Service Funds
204

FINANCIAL SECTION

SUPPLEMENTARY INFORMATION

CUSTODIAL FUNDS
205

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206

CUSTODIAL FUNDS

Custodial Funds are used to account for assets held by the City in a trustee capacity, or as an agent for othe r government entities, private organizations, or individuals.

The City of Newport Beach Custodial Funds are listed below:

The Special Assessment District Fund is used to account for funds received from affected property owners and payab le to holders of 1911 Act and 1915 Act special assessment bonds.

The Tourism Business Improvement Fund is used to account for the Newport Beach Tourism Business Improvement Dis trict’s special assessment on short term room rental revenue collected by the City for Visit Newport Beach Inc.

The Other Business Improvement Fund is used to account for monies collected from local business districts for district property improvements and business enhancement.

The Police Custodial Fund is used to account for monies received by the City’s police department in a custodial capacit y, such as warrant s and items pending adjudication.

207
Custodial Funds
Special Tourism Other T
otal
Assessment Business Business Police Custodial
District Improvement Improvement Custodial Funds
Assets
Cash and investments 1,332,953$ 6,420$ 4,106$ 239,043$ 1,582,522$ Restricted cash and investments w
ith fiscal agent 2,699,066 -
-
-
2,699,066
Receivable:

Interest 15,167 -
-
-
15,167
Intergovernmental r
eceivable 34,320 -
-
-
34,320
Total assets 4,081,506
6,420 4,106 239,043 4,331,075 Liabilities
Due to oth
ers 1,944 6,420 4,106 23,146 35,616 Total
liabilities 1,944 6,420 4,106 23,146 35,616 Net Position
Restricted for:

Individu
als, organizations, and other governments 4,079,562 - -
215,897 4,295,459
Total net position 4,079,562$ -$ -$ 215,897$ 4,295,459$

CITY OF NEWPORT BEACH
Custodi
al Funds
Combining Statement of Fiduciary Net Position
June 30, 2025
208
Special Tourism Other T
otal
Assessment Business Business Police Custodial
District Improvement Improvement Custodial Funds
Additions
Special assessments 3,022,899$ -$ -$ -$ 3,022,899$ Investment earnings 154,493 -
-
700
155,193
Other -
-
-
101,760 101,760
Total additions 3,177,392
-
-
102,460 3,279,852
Deductions
Debt service 3,317,230 -
-
-
3,317,230
Administrative 97,408 -
-
-
97,408
Other -
-
-
133,537 133,537
Total deductions 3,414,638
-
-
133,537 3,548,175
Net change in
fiduciary net position (237,246) -
-
(31,077) (268,323)
Net position, beginn
ing of year 4,316,808 -
-
246,974 4,563,782
Net position, end of year 4,079,
562$ -$ -$ 215,897$ 4,295,459$

CITY OF NEWPORT BEACH
Custodi
al Funds
Combining Statement of Changes in Fiduciary Net Position For the Year Ended June 30, 2025
Custodial Funds
209
This page left blank intentionally.
210

STATISTICAL SECTION
211
This page left blank intentionally.
212

FINANCIAL TRENDS

This section of the City of Newport Beach’s Annual Comprehensive Financial Report (ACFR) 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. The statistical information presented herein is un-audited.

The following schedules contain trend information illustrating how the City’s financial performance and well-being have changed over time:
• Net Position by Component
• Changes in Net Position
• Fund Balances of Governmental Funds
• Changes in Fund Balance of Governmental Funds

Sources: Unless otherwise noted, the information in these schedules is derived from the A nnual Comprehensive Financial Reports and underlying accounting records for the relevant years.

213
20161 20172 20183 2019 2020
Net investment in capital assets 2,193,773,102$ 2,201,552,683$ 2,208,832,391$ 2,218,040,304$ 2,217,852,660$ Restricted 44,033,677 45,753,736 49,791,908 56,426,811 67,708,225 Unrestricted (130,468,268) (133,461,197) (122,024,754) (102,035,181) (90,214,086) 2,107,338,511$ 2,113,845,222$ 2,136,599,545$ 2,172,431,934$ 2,195,346,799$ Business-type activities:

Net investment in capital assets 117,055,576$ 116,238,944$ 119,375,596$ 119,346,350$ 120,291,689$ Unrestricted 23,430,189 28,890,311 29,183,382 30,331,669 30,276,662 140,485,765$ 145,129,255$ 148,558,978$ 149,678 ,019$ 150,568 ,351$ Primary government:

Net investment in capital assets 2,310,828,678$ 2,317,791,627$ 2,328,207,987$ 2,337,386,654$ 2,338,144,349$ Restricted 44,033,677 45,753,736 49,791,908 56,426,811 67,708,225 Unrestricted (107,038,079) (104,570,886) (92,841,372) (71,703,512) (59,937,424) 2,247,824,276$ 2,258,974,477$ 2,285,158,523$ 2,322,109,953$ 2,345,915,150$ (continued)
1 2
3 4
5 6

Page 1 of 2 ends

Reflects restatement of net position due to deferred outflow adjustments related to fiscal year ended June 30, 2017.

Reflects restatement of net position due to implementation of GASB 75 in fiscal year ended June 30, 2018.

Reflects restatement of net position due to adjustments for capital assets and compensated absences liability in fiscal year ended June 30, 2019.

Fiscal Year
The City of Newport Beach implemented GASB 96 for the fiscal year ended June 30, 2023.

Governmental activities:

Total governmental activities
Total business-type activities
Total primary government
The City of Newport Beach implemented GASB 75 for the fiscal year ended June 30, 2018.

The City of Newport Beach implemented GASB 87 for the fiscal year ended June 30, 2022. 2022 data varies from trend due to receipt of revenues such as property taxes and sales taxes that were not spent or restricted by the end of the fiscal year.

Reflects restatement of net position due to unbilled receivables adjustments related to fiscal year ended June 30, 2023. 2025 data varies from trend due to receipt of revenues such as property taxes and sales taxes that were not spent or restricted by the end of the fiscal year and the decline of net pension and net OPEB liabilities.

CITY OF NEWPORT BEACH
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
214
2021 2022 20235 2024 2025
Net investment in capital assets 2,227,572,605$ 2,223,773,786$ 2,256,305,577$ 2,275,099,514$ 2,292,549,844$ Restricted 67,189,020 78,100,496 79,152,428 123,444,563 131,011,162 Unrestricted (72,301,558) (8,183,288) 20,117,377 28,001,461 58,401,174 2,222,460,067$ 2,293,690,994$ 2,355,575,382$ 2,426,545,538$ 2,481,962,180$ Business-type activities:

Net investment in capital assets 124,775,772$ 128,244,924$ 131,015,969$ 132,331,781$ 135,138,380$ Unrestricted 27,039,499 28,559,633 25,105,814 20,202,940 22,455,779 151,815,271$ 156,804,557$ 156,121,783$ 152,534 ,721$ 157,594 ,159$ Primary government:

Net investment in capital assets 2,352,348,377$ 2,352,018,710$ 2,387,321,546$ 2,407,431,295$ 2,427,688,224$ Restricted 67,189,020 78,100,496 79,152,428 123,444,563 131,011,162 Unrestricted (45,262,059) 20,376,345 4 45,223,191 48,204,401 80,856,95 3 6 2,374,275,338$ 2,450,495,551$ 2,511,697,165$ 2,579,080,259$ 2,639,556,339$

Page 2 of 2 ends

Governmental activities:

Total governmental activities
Total business-type activities
Total primary government
Fiscal Year

CITY OF NEWPORT BEACH
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
215
2016 2017 2018 2019 2020
19,335,275$ 20,443,569$ 19,011,099$ 20,549,224$ 20,714,050$ 91,046,455 102,494,314 107,647,562 111,556,065 119,194,302 45,443,988 54,039,601 47,615,000 53,339,878 60,054,860 9,943,868 12,056,086 12,377,394 11,493,204 12,842,020 22,700,052 26,583,440 27,307,115 27,758,097 26,668,079 7,615,094 7,472,188 7,381,743 7,187,971 7,064,521 Total governmental activities expenses 196,084,732 223,089,198 221,339,913 231,884,439 246,537,832 21,605,197 22,004,013 23,724,918 26,898,075 27,387,120 3,818,165 4,218,926 4,158,155 4,222,228 4,291,755 Total business-type activities expenses 25,423,362 26,222,939 27,883,073 31,120,303 31,678,875 Total primary government expenses 221,508,094 249,312,137 249,222,986 263,004,742 278,216,707 General government 3,722,557 5,089,123 5,355,887 5,887, 265 3,846, 962 Public safety 19,108,222 19,899,242 20,733,883 21,979, 376 22,232, 248 Public works 5,319,510 5,214,426 5,789,579 5,778, 441 5,054, 694 Community development 8,419,588 10,838,114 9,956,226 9,902, 445 9,599, 848 Community services 13,964,018 13,653,466 13,974,329 13,556, 360 16,936, 285 Operating grants and contributions: 17,826,914 11,632,188 11,943,941 14,021,506 14,659,016 Capital grants and contributions: 2,717,504 27,993,317 1 1,815,464 6,638,356 7,352,407 71,078,313 94,319,876 69,569,309 77,763,749 79,681,460 Water 24,499,952 25,371,307 26,931,193 26,843, 751 27,100, 429 Wastewater 3,065,762 3,161,114 3,445,772 4,069, 265 4,110, 815 Operating grants and contributions: - - - - - 27,565,714 28,532,421 30,376,965 30,913,016 31,211,244 98,644,027 122,852,297 99,946,274 108,676,765 110,892,704 (125,006,419) (128,769,322) (151,770,604) (154,120,690) (166,856,372) 2,142,352 2,309,482 2,493,892 (207,287) (467,631) (122,864,067)$ (126,459,840)$ (149,276,712)$ (154,327,977)$ (167,324,003)$ General revenues and other changes in net position:

Property tax 91,516,611$ 96,964,060$ 101,593,290$ 108,365, 261$ 113,313, 535$ Sales tax 33,937,986 33,702,895 36,373,253 37,168, 063 36,232, 969 Sales tax in-lieu 2,870,474 - - - - Transient occupancy tax 21,083,199 22,382,361 22,857,737 24,697, 446 21,097, 384 Business license tax 4,024,386 4,149,016 4,282,935 4,428, 440 4,882, 419 Franchise tax 4,047,584 4,026,005 4,228,469 4,286, 496 4,394, 156 Other taxes 327,009 358,209 3,346,987 2,633, 720 2,592, 369 Investment income 584,259 589,001 632,808 2,644,319 2,621, 488 Net increase (decrease) in fair value of investments 376,311 - - 2,234,249 2,520, 033 Other 4,001,486 2,290,482 3,416,348 3,495, 085 2,116, 884 Transfers - (3,500,000) - - - 162,769,305 160,962,029 176,731,827 189,953,079 189,771,237 Investment income 216,576 77,752 184,906 713,970 732, 099 Net increase (decrease) in fair value of investments 148,527 - - 612,358 625,864 Other 2,375,000 - - - - Capital contributions 22,516 - - - - Transfers - 3,500,000 - - - 2,762,619 3,577,752 184,906 1,326,328 1,357,963 165,531,924 164,539,781 176,916,733 191,279,407 191,129,200 37,762,886 32,192,707 24,961,223 35,832,389 22,914,865 4,904,971 5,887,234 2,678,798 1,119,041 890,332 42,667,857$ 38,079,941$ 27,640,021$ 36,951,430$ 23,805,197$ (continued)
1 Interest on long-term debt
Expenses:

Governmental activities:

General government
Public safety
Public works
Community development
Community services
Total governmental activities program revenues
Business-type activities:

Charges for services:

Total business-type activities program revenues
Business-type activities:

Water
Wastewater
Program revenues:

Governmental activities:

Charges for services:

Total primary government
Total primary government program revenues
Net revenues (expenses):

Governmental activities
Business-type activities
Total net revenues (expenses)
Governmental activities:

Taxes:

Total governmental activities
Business-type activities:

Total business-type activities
Data varies from trend because of one-time receipt of developer contributions.

Changes in net position
Governmental activities
Business-type activities
Total primary government

CITY OF NEWPORT BEACH
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
Fiscal Year

Page 1 of 2 ends

216
2021 2022 2023 2024 2025
20,177,482$ 19,374,179$ 26,911,510$ 28,392,550$ 20,365,624$ 119,184,958 104,767,466 121,309,057 151,625,944 143,920,632 63,689,155 65,031,715 75,904,138 88,359,562 87,889,339 12,157,226 9,664,500 13,048,442 16,813,900 17,104,756 28,214,205 24,508,702 27,937,349 33,034,132 33,510,164 7,321,612 6,877,577 6,666,044 6,215,237 6,171,195 Total governmental activities expenses 250,744,638 230,224,139 271,776,540 324,441,325 308,961,710 28,943,243 27,117,471 30,701,834 37,322,293 36,561,497 5,223,245 4,094,448 5,343,891 6,959,273 6,282,179 Total business-type activities expenses 34,166,488 31,211,919 36,045,725 44,281,566 42,843,676 Total primary government expenses 284,911,126 261,436,058 307,822,265 368,722,891 351,805,386 General government 2,914,007 3,625,809 12,386,628 15,953, 090 8,911, 980 Public safety 22,038,904 23,156,703 26,273,944 27,903, 642 30,839, 794 Public works 5,067,478 7,538,103 8,770,525 9,397, 103 8,890, 609 Community development 10,491,970 11,119,757 11,269,905 10,849, 048 12,723, 330 Community services 17,601,288 22,302,788 15,753,446 17,370, 410 18,883, 733 Operating grants and contributions: 20,361,620 16,800,039 20,131,513 34,497,961 22,765,783 Capital grants and contributions: 7,658,387 8,693,429 5,809,562 35,646,295 5,260,117 86,133,654 93,236,628 100,395,523 151,617,549 108,275,346 Water 30,739,726 32,104,202 32,033,631 33,842, 356 40,463, 909 Wastewater 4,618,186 4,825,249 4,666,685 5,274, 889 5,980, 769 Operating grants and contributions: - 116,629 - 115,499 26,184 35,357,912 37,046,080 36,700,316 39,232,744 46,470,862 121,491,566 130,282,708 137,095,839 190,850,293 154,746,208 (164,610,984) (136,987,511) (171,381,017) (172,823,776) (200,686,364) 1,191,424 5,834,161 654,591 (5,048,823) 3,627,186 (163,419,560)$ (131,153,350)$ (170,726,426)$ (177,872,599)$ (197,059,178)$ General revenues and other changes in net position:

Property tax 119,157,057$ 124,335,985$ 138,358,730$ 146,136, 873$ 154,182, 579$ Sales tax 38,956,275 46,164,860 46,552,459 43,444, 542 45,934, 260 Sales tax in-lieu - - - - - Transient occupancy tax 16,886,197 26,677,331 30,201,649 31,736, 961 33,174, 268 Business license tax 4,481,349 4,363,145 4,901,385 4,896, 557 5,086, 253 Franchise tax 4,204,224 4,561,278 4,996,526 5,152, 384 5,052, 778 Other taxes 4,166,549 4,333,071 181,800 203,135 246, 787 Investment income 2,603,982 1,995,214 3,208,250 5,834, 247 6,747, 045 Net increase (decrease) in fair value of investments (2,086,189) (6,856,640) (687,766) 3,534, 164 2,346, 015 Other 3,354,808 2,644,194 5,552,372 2,855, 069 3,333, 021 Transfers - - - - - 191,724,252 208,218,438 233,265,405 243,793,932 256,103,006 Investment income 525,295 345,218 520,736 893,332 1, 119,040 Net increase (decrease) in fair value of investments (469,799) (1,190,093) (262,867) 568,429 313,212 Other - - - - - Capital contributions - - - - - Transfers - - - - - 55,496 (844,875) 257,869 1,461,761 1,432,252 191,779,748 207,373,563 233,523,274 245,255,693 257,535,258 27,113,268 71,230,927 61,884,388 70,970,156 55,416,642 1,246,920 4,989,286 912,460 (3,587,062) 5,059,438 28,360,188$ 76,220,213$ 62,796,848$ 67,383,094$ 60,476,080$ Expenses:

Governmental activities:

General government
Public safety
Public works
Community development
Community services
Interest on long-term debt
Business-type activities:

Water
Wastewater
Program revenues:

Governmental activities:

Charges for services:

Total governmental activities program revenues
Business-type activities:

Charges for services:

Total business-type activities program revenues
Total primary government program revenues
Net revenues (expenses):

Business-type activities:

Total business-type activities
Total primary government
Changes in net position
Governmental activities
Business-type activities
Total net revenues (expenses)
Governmental activities:

Taxes:

Fiscal Year
Governmental activities
Business-type activities
Total primary government

CITY OF NEWPORT BEACH
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)

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Total governmental activities
217
2016 2017 2018 2019 2020
General fund:

Nonspendable 15,210,896$ 14,434,017$ 14,050,930$ 13,147,221$ 11,864,115$ Restricted 3,083,133 3,797,009 4,412,302 4,757,437 5,710,434 Committed 2,726,020 10,570,638 1 13,444,487 13,335,675 2,210,811 Assigned 4,201,311 567,132 590,368 1,199,682 2,598,828 Unassigned 56,618,041 60,009,244 61,415,049 64,146,123 76,699,284 Total general fund 81,839,401$ 89,378,040$ 1 93,913,136$ 96,586,138$ 99,083,472$ All other governmental funds:

Nonspendable 4,629,781$ 4,666,256$ 4,787,243$ 4,715,545$ 4,646,529$ Restricted 33,662,859 31,950,139 38,629,419 45,958,167 53,310,518 Committed 40,248,977 49,510,047 41,731,742 40,732,124 48,032,259 Unassigned (15,422,984) (6,308,331) (376,162) (253) (50,137) Total all other governmental funds 63,118,633$ 79,818,111$ 84,772,242$ 91,405,583$ 105,939,169$ Total all governmental funds 144,958,034$ 169,196,151$ 178,685,378$ 187,991,721$ 205,022,641$ (continued)
1 2
3 4
Data varies from trend due to additional funds set aside for seawall construction and pension-related items.

Data varies from trend due to the relocation of restricted funds to special revenue funds.

Data varies from trend due to additional funds set aside mainly in the Facilities Financial Planning Reserve Fund and Unrestricted Capital Improvements Fund.

Data varies from trend due to issuance of special Assessment District bonds.

CITY OF NEWPORT BEACH
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
Fiscal Year

Page 1 of 2 ends

218
2021 2022 2023 2024 2025
General fund:

Nonspendable 10,637,097$ 9,407,143$ 8,239,567$ 7,052,603$ 5,982,334$ Restricted 4,876,025 - 2 - - - Committed 3,235,746 4,429,573 5,465,426 6,786,845 3,785,866 Assigned 1,489,350 - - - - Unassigned 85,715,180 83,302,665 77,737,532 82,601,740 98,379,310 Total general fund 105,953,398$ 97,139,381$ 91,442,525$ 96,441,188$ 108,147,510$ All other governmental funds:

Nonspendable 4,707,330$ 4,690,430$ 4,650,931$ 4,771,150$ 4,710,334$ Restricted 63,914,627 73,013,208 73,657,409 112,762,753 4 120,738,919 Committed 47,863,154 73,243,534 3 78,218,834 81,317,521 88,500,124 Unassigned (136,299) (119,371) (11,625) (229,781) (11) Total all other governmental funds 116,348,812$ 150,827,801$ 156,515,549$ 198,621,643$ 213,949,366$ Total all governmental funds 222,302,210$ 247,967,182$ 247,958,074$ 295,062,831$ 322,096,876$

CITY OF NEWPORT BEACH
Fiscal Year
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)

Page 2 of 2 ends

$-
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Fund Balances
Total General Fund
Total all other Governmental Funds
219
2016 2017 2018 2019 2020
Revenues:

Taxes 158,386,385$ 162,184,218$ 171,982,240$ 183,455,182$ 182,983,069$ Intergovernmental 17,262,147 17,073,653 16,148,754 15,818,543 12,672,931 Licenses, permits and fees 6,571,123 9,844,908 6,405,668 6,302,603 5,783,862 Charges for services 18,827,991 19,197,065 19,828,786 19,472,866 21,125,622 Fines and forfeitures 3,684,602 3,590,700 3,181,823 3,347,714 3,509,883 Investment income 1,157,539 772,546 1,143,210 3,490,992 3,765,753 Net increase (decrease) in fair value of investments 769,460 - - 2,938,136 3,477,299 Property income 22,259,425 23,553,188 25,430,217 26,674,107 25,651,360 Donations 4,190,822 16,827,889 414,123 402,709 795,561
Special assessments - - - - - Other 2,982,924 2,277,322 2,893,770 5,173,716 5,950,279 Total revenues 236,092,418 255,321,489 247,428,591 267,076,568 265,715,619 Expenditures:

Current:

General government 14,629,672 15,086,397 16,099,310 16,769,920 15,968,085 Public safety 96,225,784 98,750,981 109,760,129 116,054,531 118,290,847 Public works 36,000,905 35,961,024 38,012,230 44,132,877 45,730,965 Community development 10,913,205 11,696,779 12,979,656 12,310,621 12,612,751 Community services 21,784,680 23,607,284 25,538,966 26,372,495 24,474,242 Capital outlay 31,934,463 30,822,972 24,054,866 26,347,312 20,376,106 Debt service:

Principal 4,272,000 4,401,000 3,335,000 3,470,000 3,576,000 Interest and fiscal charges 7,839,341 7,704,957 7,617,107 7,428,469 7,265,703 Total expenditures 223,600,050 228,031,394 237,397,264 252,886,225 248,294,699 12,492,368 27,290,
095 10,031,327 14,190,343 17,420,920
Other financing sources (uses):

Transfers in 48,523,132 45,342,446 45,308,862 54,664,532 40,373,981 Transfers out (54,185,192) (49,390,226) (45,850,962) (59,548,532) (40,763,981) Proceeds from sale - 995,802 - - - Premium on certificates of participation issued - - - - - Leases (as lessee) - - - - - Inception of subscription-based IT arrangements - - - - - (5,662,060) (3,051,978) (542,100) (4,884,000) (390,000) Net change in fund balances 6,830,308$ 24,238,117$ 9,489,227$ 9,306,343$ 17,030,920$ Debt service as a percentage of

7.2% 6.0% 5.3% 4.8% 4.8%
(continued)
1 Data varies from trend due to implementation of GASB 96 for the fiscal year ended June 30, 2023. noncapital expenditures
Excess (deficiency) of revenues over (under)
expenditures
Total other financing sources (uses)

CITY OF NEWPORT BEACH
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
Fiscal Year

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220
2021 2022 2023 2024 2025
Revenues:

Taxes 188,351,057$ 211,259,402$ 226,067,296$ 232,533,623$ 244,698,368$ Intergovernmental 22,233,872 19,683,307 21,080,285 27,715,232 18,174,489 Licenses, permits and fees 6,566,555 6,995,700 6,719,969 6,688,111 7,312,477 Charges for services 18,434,439 22,897,475 25,214,184 25,217,364 27,124,189 Fines and forfeitures 3,923,726 4,191,518 3,892,875 4,195,196 4,382,650 Investment income 3,201,376 2,756,712 4,525,340 9,386,746 11,685,818 Net increase (decrease) in fair value of investments (2,634,682) (8,900,762) (465,873) 4,584,645 3,254,274 Property income 28,842,374 33,770,750 35,830,362 41,198,758 43,984,960 Donations 5,491,871 1,805,249 717,157 6,070,830 5,590,173 Special assessments - 8,086,594 4,948,430 26,843,142 - Other 3,504,103 1,441,813 3,412,302 1,175,255 1,323,117 Total revenues 277,914,691 303,987,758 331,942,327 385,608,902 367,530,515 Expenditures:

Current:

General government 17,154,507 17,397,786 20,680,878 22,007,758 22,497,676 Public safety 126,006,313 127,590,486 132,441,032 140,132,544 146,585,112 Public works 46,817,293 54,293,534 56,046,234 65,532,190 67,522,613 Community development 12,996,840 13,021,562 14,735,582 15,734,543 16,761,680 Community services 26,745,189 26,421,141 27,558,760 30,060,134 31,402,329 Capital outlay 33,728,085 28,603,393 68,434,127 50,776,034 43,743,239 Debt service:

Principal 3,247,000 5,138,250 5,296,166 5,335,081 5,518,576 Interest and fiscal charges 7,306,143 7,141,264 6,908,693 6,698,344 6,443,356 Total expenditures 274,001,370 279,607,416 332,101,472 336,276,628 340,474,581 3,913,321 24,380,
342 (159,145) 49,332,274 27,055,934
Other financing sources (uses):

Transfers in 70,379,824 76,061,564 128,499,591 97,432,054 84,443,642 Transfers out (65,965,012) (74,776,934) (128,879,043) (103,234,554) (84,465,531) Proceeds from sale - - - - - Premium on certificates of participation issued 1,373,936 - - - - Leases (as lessee) - - - 3,259,414 - Inception of subscription-based IT arrangements - - 529,489 1 315,569 - 5,788,748 1,284,630 150,037 (2,227,517) (21,889)
Net change in fund balances 9,702,069$ 25,664,972$ (9,108)$ 47,104,757$ 27,034,045$ Debt service as a percentage of

4.2% 4.8% 4.5% 4.2% 4.0%
Fiscal Year

CITY OF NEWPORT BEACH
Excess (deficiency) of revenues over (under)
expenditures
Total other financing sources (uses)
noncapital expenditures
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)

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221

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222

REVENUE CAPACITY

The following schedules present factors affecting the City’s ability to generate its own revenue and its most significant local revenue source, the property tax:
• Assessed Value and Estimated Actual Value of Taxable Property • Direct and Overlapping Property Tax Rates
• Principal Property Tax Payers
• Property Tax Levies and Collections

Sources: Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Reports and underlying accounting records for the relevant years.

223
Fiscal Year
Ended
June 30 Residential Commercial Other Unsecured
Total Taxable
Assessed Value Change
Total Direct
Tax Rate
2016 39,263,791,190 5,264,898,550 1,394,764,145 1,465,016,213 47,388,470,098 5.89% 1.000% 2017 41,834,060,284 5,539,551,197 1,398,481,252 1,569,593,832 50,341,686,565 6.23% 1.000% 2018 44,862,969,434 5,953,148,011 1,499,414,812 1,464,683,763 53,780,216,020 6.83% 1.000% 2019 48,246,937,786 6,466,645,074 1,474,416,367 1,513,162,553 57,701,161,781 7.29% 1.000% 2020 50,791,887,238 6,807,750,346 1,552,189,492 1,592,979,478 60,744,806,554 5.27% 1.000% 2021 53,636,707,086 6,979,031,018 1,428,005,141 1,645,923,436 63,689,666,681 4.85% 1.000% 2022 56,171,689,696 7,152,717,180 1,745,857,017 1,509,466,705 66,579,730,598 4.54% 1.000% 2023 60,461,442,254 7,647,078,297 1,489,884,026 1,731,351,434 71,329,756,011 7.13% 1.000% 2024 64,292,506,871 8,048,003,322 1,681,329,931 1,908,193,032 75,930,033,156 6.45% 1.000% 2025 68,275,551,951 8,131,924,877 1,609,850,784 1,947,105,447 79,964,433,059 5.31% 1.000% NOTE:

Source: HdL, Coren & Cone

CITY OF NEWPORT BEACH
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years
In 1978, the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only re-assessed as a result of new construction activity or at the time it is sold to a new owner. At that point, the property is reassessed based upon the added value of the construction or at the purchase price or economic value of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above.

Secured
224
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

1.000$ 1.000$ 1.000$ 1.000$ 1.000$ 1.000$ 1.000$ 1.000$ 1.000$ 1.000$ Total City Direct Rate 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Overlapping Rates:

Water districts 0.047 0.047 0.047 0.047 0.032 0.047 0.047 0.047 0.051 0.055

0.183 0.173 0.176 0.161 0.173 0.186 0.170 0.175 0.158 0.160 Total Overlapping Rate 0.230 0.220 0.223 0.208 0.205 0.233 0.217 0.222 0.209 0.214 Total Direct & Overlapping Rate 1.230$ 1.220$ 1.223$ 1.208$ 1.205$ 1.233$ 1.217$ 1.222$ 1.209$ 1.214$ NOTE:

Source: HdL, Coren & Cone
In 1978, California voters passed Proposition 13 which sets 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 within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of other debt obligations.

School districts
City Direct Rates:

City basic rate

CITY OF NEWPORT BEACH
Direct and Overlapping Property Tax Rates
(Rate per $100 of assessed value)
Last Ten Fiscal Years
Fiscal Year
225
Taxpayer
Taxable Assessed
Value Rank
Percent of Total
City Taxable
Assessed Value
Taxable Assessed
Value Rank
Percent of Total
City Taxable
Assessed Value
The Irvine Company 744,453,388$ 1 0.93% 1,652,910,320$ 1 4.11% Fashion Island Retail LLC 620,154,002 2 0.78% N/A - 0.00% PH Finance LLC 352,137,130 3 0.44% N/A - 0.00%
Newport Center Hotel LLC 237,276,108 4 0.30% N/A - 0.00% 520 Newport Center Drive LLC 196,982,672 5 0.25% N/A - 0.00% HG Newport Owner LLC 192,171,697 6 0.24% N/A - 0.00% Newport Bluffs LLC 177,028,000 7 0.22% 149,368,474 3 0.37% 650 Newport Center Drive LLC 176,061,294 8 0.22% N/A - 0.00% Bay Island Club 166,670,502 9 0.21% 98,384,212 7 0.24% Balboa Bay Club Ventures 161,082,009 10 0.20% 132,740,207 4 0.33% 3,024,016,802$ 3.79% 2,033,403,213$ 5.05%
Source: HdL, Coren & Cone

CITY OF NEWPORT BEACH
Principal Property Taxpayers
Current Year and Nine Years Ago
2025 2016
226

CITY OF NEWPORT BEACH
Property Tax Levies and Collections
Last Ten Fiscal Years
Fiscal Year
Ended
June 30
Taxes Levied for
the Fiscal Year Amount 1
Percent of
Levy
Collections in
Subsequent
Years 2 Amount
Percent of
Levy
2016 84,166,940 81,762,526 97.14% 612,863 82,375,389 97.87% 2017 86,264,321 84,019,053 97.40% 574,124 84,593,177 98.06% 2018 92,139,181 90,279,099 97.98% 581,969 90,861,068 98.61% 2019 98,471,700 96,356,203 97.85% 646,203 97,002,406 98.51% 2020 102,636,451 100,701,002 98.11% 886,688 101,587,690 98.98% 2021 107,647,017 105,781,072 98.27% 862,772 106,643,844 99.07% 2022 113,318,692 110,354,271 97.38% 789,969 111,144,240 98.08% 2023 123,844,578 121,011,910 97.71% 1,020,161 122,032,071 98.54% 2024 129,506,001 126,637,893 97.79% 1,087,720 127,725,613 98.63% 2025 136,129,648 133,012,676 97.71% - 3 133,012,676 97.71% 1 2
3 Source: Orange County Auditor Controller's Office
The total amount of Fiscal Year 2025 delinquent taxes collected in subsequent years was not available as of the date the information was collected for the City's Annual Comprehensive Financial Report.

Collected within the Fiscal
Year of Levy Total Collections to Date
Exclusive of penalty charges.

Net collections reflect deductions for refunds and impoundments. 227

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228

DEBT CAPACITY

The following schedules exhibit the City’s levels of outstanding debt over time, to help readers assess the affordability of the current level of outstanding debt, and the City’s ability to issue additional debt:
• Ratios of Outstanding Debt by Type
• Ratios of General Bonded Debt Outstanding
• Direct and Overlapping Debt
• Legal Debt Margin Information

Sources: Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Reports and underlying accounting records for the relevant years.

229
Fiscal
Year
Ended
June 30
Certificates of
Participation 1
Pre-
Annexation
Agreement CDBG Loan Leases 3
Subscription-
based
Information
Technology
Arrangements 3
Total
Governmental
Activities
2016 114,137,212 1,200,000 1,207,000 - - 116,544,212 2017 110,956,659 - 1,066,000 - - 112,022,659 2018 107,651,106 - 916,000 - - 108,567,106 2019 104,220,553 - 756,000 - - 104,976,553 2020 100,695,000 - 585,000 - - 101,280,000 2021 106,781,026 - 403,000 - - 107,184,026 2022 102,698,895 - 208,000 13,321,040 - 116,227,935 2023 98,616,764 - - 12,274,149 2,235,132 113,126,045 2024 94,389,633 - - 14,339,382 1,832,755 110,561,770 2025 90,012,502 - - 13,066,931 1,543,723 104,623,156 (continued)
NOTE:

1 Amounts include any applicable bond premium.
2 3
The GASB 87 and GASB 96 debts on this schedule are not money borrowed by the City, but are present-value calculations of estimated future payments by the City based on assumptions specified in GASB 87 and GASB 96.

The City of Newport Beach implemented GASB 87 for the fiscal year ended June 30, 2022. The City of Newport Beach implemented GASB 96 for the fiscal year ended June 30, 2023.

These ratios are calculated using personal income and population for the prior calendar year.

This schedule excludes claims and judgments, employee compensated absence, pension, OPEB, and Early Retirement Incentive Plan liabilities. Details regarding the City's outstanding debt can be found in the notes to the financial statements.

Page 1 of 2 ends

Governmental Activities

CITY OF NEWPORT BEACH
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
230
Fiscal
Year
Ended
June 30 Leases 3
Subscription-
based
Information
Technology
Arrangements 3
Total Business-type
Activities
Total Primary
Government
Percentage of
Personal
Income 2
Debt Per
Capita 2
2016 - - - 116,544,212 1.77% 1,383 2017 - - - 112,022,659 1.66% 1,319 2018 - - - 108,567,106 1.48% 1,245 2019 - - - 104,976,553 1.36% 1,204 2020 - - - 101,280,000 1.24% 1,181 2021 - - - 107,184,026 1.31% 1,248 2022 1,512,574 - 1,512,574 117,740,509 1.34% 1,406 2023 3,820,774 - 3,820,774 116,946,819 1.27% 1,402 2024 3,776,654 - 3,776,654 114,338,424 1.22% 1,387 2025 3,732,290 110,383 3,842,673 108,465,829 1.32% 1,312

CITY OF NEWPORT BEACH
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years

Page 2 of 2 ends

Business-type Activities
231
Fiscal Year
Ended
June 30
Certificates of
Participation1
Amounts
Restricted for
Debt Service Total
Percent of
Assessed
Value2
General
Bonded Debt
Per Capita
2016 114,137,212 (2,362,904) 111,774,308 0.24% 1,326 2017 110,956,659 (2,364,034) 108,592,625 0.22% 1,279 2018 107,651,106 (2,384,338) 105,266,768 0.20% 1,207 2019 104,220,553 (2,362,228) 101,858,325 0.18% 1,168 2020 100,695,000 (1,159,389) 99,535,611 0.16% 1,160 2021 106,781,026 (2,255,795) 104,525,231 0.16% 1,217 2022 102,698,895 (2,199,363) 100,499,532 0.15% 1,200 2023 98,616,764 (2,183,979) 96,432,785 0.14% 1,156 2024 94,389,633 (2,323,115) 92,066,518 0.12% 1,117 2025 90,012,502 (2,024,393) 87,988,109 0.11% 1,065 1 2

Assessed value was used because the actual value of taxable property is not readily available in the State of California.

CITY OF NEWPORT BEACH
Ratios of General Bonded Debt
Last Ten Fiscal Years
Amounts include any applicable bond premium.
232
City Net Assessed Valuation: 79,964,433,058$
Percentage
Applicable (1)
Outstanding Debt
6/30/25
Estimated Share of
Overlapping Debt
OVERLAPPING DEBT:

Metropolitan Water District 1.964% 17,155,000$ 336,924$ Coast Community College District 35.427% 854,816,084 302,835,694 Rancho Santiago Community College District 2.508% 132,145,756 3,314,216 Rancho Santiago Community College District School Facilities Improvement District No. 1 4.720% 138,730,000 6,548,056 Laguna Beach Unified School District 14.573% 7,690,000 1,120,664 Laguna Beach Unified School District Community Facilities District No. 98-1 100.000% 6,005,000 6,005,000 Newport Mesa Unified School District 73.688% 206,519,744 152,180,269 Santa Ana Unified School District 5.819% 401,142,561 23,342,486 Irvine Ranch Water District Improvement Districts 2.658% - 100.000% 384,477,033 41,027,239
100.000% 10,390,000 10,390,000
100.000% 8,110,000 8,110,000
City of Newport Beach 1915 Act Bonds 100.000% 35,124,813 35,124,813 Orange County Newport Coast Assessment District No. 01-1 100.000% 2,944,000 2,944,000 Orange County Newport Coast Reassessment District No. 17-1R 100.000% 17,680,000 17,680,000 Orange County General Fund Obligations 9.863% 429,065,000 42,318,681 Orange County Board of Education General Fund Obligations 9.863% 9,120,000 899,506 Coast Community College District General Fund Obligations 35.427% 660,000 233,818 Coast Community College District Pension Obligation Bonds 35.427% 465,000 164,736 Santa Ana Unified School District General Fund Obligations 5.819% 38,301,736 2,228,778 TOTAL OVERLAPPING DEBT 2,700,541,727$ 656,804,879$ DIRECT DEBT:

City of Newport Beach Certificates of Participation 100.000% 90,012,502$ 90,012,502$ Leases (3) 100.000% 13,066,931 13,066,931 Subscription-based Information Technology Arrangements (3) 100.000% 1,543,723 1,543,723 TOTAL DIRECT DEBT 104,623,156$ 104,623,156$ TOTAL DIRECT AND OVERLAPPING DEBT 761,428,035$
GROSS COMBINED TOTAL DEBT (2) 761,428,035$
(1)
(2)
(3)
Ratios to 2024-25 Net Assessed Valuation:

Total Overlapping Debt 0.82%
Total Direct Debt ($104,623,156) 0.13%
Gross Combined Total Debt 0.95%
Source: California Municipal Statistics, Inc.

The GASB 87 and GASB 96 debts on this schedule are not money borrowed by the City, but are present-value calculations of estimated future payments by the City based on assumptions specified in GASB 87 and GASB 96. The City of Newport Beach implemented GASB 87 for the fiscal year ended June 30, 2022.

The City of Newport Beach implemented GASB 96 for the fiscal year ended June 30, 2023.

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.

Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and tax allocation bonds and non-bonded capital lease obligations.

CITY OF NEWPORT BEACH
Direct and Overlapping Debt Related to Governmental Activities June 30, 2025
Bonita Canyon Public Facilities Financing Authority Community Facilities District No. 98-1 California Statewide Community Development Authority Community Facilities District No. 2018-3
233
2016 2017 2018 2019 2020
47,388,470,098$ 50,341,686,565$ 53,780,216,020$ 57,701,161,781$ 60,744,806,554$ 25% 25% 25% 25% 25%
11,847,117,525 12,585,421,641 13,445,054,005 14,425,290,445 15,186,201,639 15% 15% 15% 15% 15%
1,777,067,629 1,887,813,246 2,016,758,101 2,163,793,567 2,277,930,246 General obligation bonds - - - - - 1,777,067,629$ 1,887,813,246$ 2,016,758,101$ 2,163,793,567$ 2,277,930,246$ as a percentage of debt limit 0.0% 0.0% 0.0% 0.0% 0.0%
(continued)
NOTE:

Source: City Administrative Services Department
Debt limit
Conversion percentage

CITY OF NEWPORT BEACH
Legal Debt Margin Information
Last Ten Fiscal Years

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The State of California Government Code Section 43605 provides for a legal debt limit of 15% of gross assessed valuation. Howe ver, 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 refl ect a conversion of assessed valuation data for each fiscal year from the current full valuation perspective to the 25% level that wa s in effect at the time that the legal debt margin was enacted by the State of California for local governments located within the state.

Fiscal Year
Assessed valuation
Total debt applicable to the limit
Debt limit percentage
Adjusted assessed valuation
Total net debt applicable to limit:

Legal debt margin
234
2021 2022 2023 2024 2025
63,689,666,681$ 66,579,730,598$ 71,329,756,011$ 75,930,033,156$ 79,964,433,059$ 25% 25% 25% 25% 25%
15,922,416,670 16,644,932,650 17,832,439,003 18,982,508,289 19,991,108,265 15% 15% 15% 15% 15%
2,388,362,501 2,496,739,897 2,674,865,850 2,847,376,243 2,998,666,240 General obligation bonds - - - - - 2,388,362,501$ 2,496,739,897$ 2,674,865,850$ 2,847,376,243$ 2,998,666,240$ as a percentage of debt limit 0.0% 0.0% 0.0% 0.0% 0.0%
Source: City Administrative Services Department

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Fiscal Year

CITY OF NEWPORT BEACH
Legal Debt Margin Information
Last Ten Fiscal Years
Total net debt applicable to limit:

Legal debt margin
Total debt applicable to the limit
Assessed valuation
Conversion percentage
Adjusted assessed valuation
Debt limit percentage
Debt limit
235
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236

DEMOGRAPHIC AND ECONOMIC INFORMATION
This
section of the City of Newport Beach’s Annual Comprehensive Financial Report (ACFR) 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. The statistical information presented herein is un-audited.

The fol
lowing schedules depict demographic and economic indicators to assist the reader in understanding the socio- economic environment in which the City’s financial activities take place:
• Demographic and Economic Statistics
• Principal Employers
Sourc
es: Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Reports and underlying accounting records for the relevant years. 237
Fiscal Year Population1(1) Personal Income
(in thousands)
Per Capita
Income(2)
Unemployment
Rate2(3)
2016 84,270 6,574,071 78,012 3.4%
2017 84,915 6,736,392 79,331 3.1%
2018 87,182 7,334,970 84,134 2.9%
2019 87,180 7,704,445 88,374 2.6%
2020 85,780 8,183,755 95,404 4.6%
2021 85,865 8,175,464 95,213 (4) 6.0%
2022 83,727 8,791,502 105,002 3.0%
2023 83,411 9,219,835 110,535 3.0%
2024 82,419 9,389,008 113,918 3.5%
2025 82,654 9,308,659 112,622 3.
7%
1 2
Sources:

CITY OF NEWPORT BEACH
Demographic and Economic Statistics
Last Ten Fiscal Years
(4) HdL, Coren & Cone
(2) U.S. Census Bureau - American Community Survey 1-Year Estimates (3) State of California, Employment Development Department (1) California State Department of Finance, E-4 Population Estimates for Cities, Counties and State and E-
1 Population and Housing Estimates for Cities, Counties and the State.

Population estimates are as of January 1 of the year shown and do not reflect revised estimates made available after the date the information was collected for the City's Annual Comprehensive Financial Report.

Unemployment rate represents an average of all monthly unemployment rates within a fiscal year.
238
Employer
Number of
Employees Rank
Percent of Total
Employment
Number of
Employees Rank
Percent of Total
Employment
Hoag Memorial Hospital 5,690 1 7.15% 4,800 1 5.90% Pacific Life Insurance 1,734 2 2.18% 1,274 2 1.57% Irvine Management Company 1,483 3 1.86% N/A 2 - N/A
PIMCO 1,103 4 1.39% 1,072 3 1.32%
Newport-Mesa Unified School District 810 5 1.02% 988 5 1.21% City of Newport Beach 775 6 0.97% 730 8 0.90%
Balboa Bay Club and Resort 710 7 0.89% 650 9 0.80% Resort at Pelican Hill 650 8 0.82% 756 7 0.93% Glidewell Dental 635 9 0.80% 1,043 4 1.28%
Tower Semiconductor 411 10 0.52% 822 3 6 1.01% Marriott Newport Coast Villas 375 11 0.47% N/A 2 - N/A
CBRE Inc. 347 12 0.44% N/A 2 - N/A
1 2
3 Source: Data obtained from companies listed and compiled by City Administrative Services Department.

Figures reflect number of employees of employer at the time the information was collected.

Company listed was unable to provide employee data for 2016.

Tower Semiconductor was formerly Jazz Semiconductor.

CITY OF NEWPORT BEACH
Principal Employers1
Current Year and 9 years ago
2025 2016
239
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240

OPERATING INFORMATION

The following schedules present information on the City’s operations and resources including service and infrastructure data to facilitate the readers’ understanding of how financial statement information relates to the services the City provides and the activities it performs:
• Full Time City Employees by Functions
• Operating Indicators by Function
• Capital Asset Statistics by Function
• Water Sold by Customer Type
• Utility Rates
• Major Water Customers

Sources: Unless otherwise noted, the information in these schedules is derived from the Annual Comprehensive Financial Reports and underlying accounting records for the relevant years.

241
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242
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
General government 77 77 79 80 78 80 81 85 94 95 Public safety 374 371 372 375 375 376 376 377 385 389 Community development 52 52 53 53 53 52 53 56 59 64 Public works 104 99 98 96 99 98 98 102 104 104 Community services 79 81 79 78 78 78 78 79 80 80 Water 32 31 33 33 33 33 33 32 34 33 Wastewater 12 13 11 11 11 11 11 11 10 11 Total 730 724 725 726 727 728 730 741 766 775 Source: City Administrative Services Department
Function
Fiscal Year

CITY OF NEWPORT BEACH
Full-time City Employees by Function
Last Ten Fiscal Years
243
2016 2017 2018 2019 2020
Police:
3,158 3,178 3,266 3,520 3,093 64,762 69,246 56,685 67,048 73,372 Fire:
300 247 248 209 11,913 1 1,201 1,216 1,307 1,033 2,842 General Services:
1,890 1,439 1,403 1,402 913 27,000 20,490 22,925 14,840 11,729 Recreation & Senior Services:
305,000 425,000 437,751 469,959 439,954 14,000 13,500 13,071 13,386 9,300 Water:
194 229 210 210 256

11.66 13.80 14.07 13.75 13.44 Sewer:
17 41 137 46 10 250 202 211 196 221 Library Services:
1,575,000 1,464,640 1,424,594 1,376,041 1,084,206
(continued)
1 2
3 Source: City of Newport Beach
Adult Arrests
Parking Citations Issued
Fire Responses
Fire Inspections
Street Patching (tons of mix)
Sidewalk Repair (square feet)
Co-Sponsored Youth Organization Attendance
Senior Transportation Services
New Connections
Average Daily Consumption (hundred cubic feet)
New Connections
Miles of Pipe Cleaned
Library Circulation of Materials
Data varies with trend due to inclusion of responses to fires, hazardous materials, medical and other emergencies.

Data varies with trend due to COVID-19 restrictions in 2021.

Data varies with trend due to COVID-19 restrictions being lifted in 2022.

CITY OF NEWPORT BEACH
Operating Indicators by Function
Last Ten Fiscal Years

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Fiscal Year
244
2021 2022 2023 2024 2025
Police:
2,872 2,650 2,800 2,615 3,259 86,439 83,307 85,003 86,002 76,012 Fire:
12,204 13,251 13,486 13,493 13,994 475 2 3,015 3 2,807 2,824 3,312 General Services:
920 901 903 739 1,016 7,805 13,590 12,885 16,069 12,368 Recreation & Senior Services:
455,442 392,605 454,418 527,754 502,722 6,287 8,805 10,048 10,190 10,599 Water:
160 252 184 176 160

14.87 14.28 11.06 10.77 11.89 Sewer:
25 3 12 9 13 240 209 178 192 230 Library Services:
1,043,629 1,195,151 1,172,951 1,213,486 1,213,252
Source: City of Newport Beach
Adult Arrests
Parking Citations Issued
Fire Responses
Fire Inspections
New Connections
Miles of Pipe Cleaned
Library Circulation of Materials
New Connections
Average Daily Consumption (hundred cubic feet)
Fiscal Year

CITY OF NEWPORT BEACH
Operating Indicators by Function
Last Ten Fiscal Years

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Street Patching (tons of mix)
Sidewalk Repair (square feet)
Co-Sponsored Youth Organization Attendance
Senior Transportation Services
245
2016 2017 2018 2019 2020
Police:

Stations 1 1 1 1 1
Fire:

Fire Stations 8 8 8 8 8
Lifeguard Headquarters 1 1 1 1 1
Public works:

Streets (miles) 399 400 400 400 400 Streetlights 5,978 5,978 5,978 5,971 5,972 Traffic Signals 808 808 808 808 808 Recreation & Senior Services:

Parks 64 64 64 65 65 Community Centers (includes leased property) 15 15 15 15 15 Aquatic Center 1 1 1 1 1 Water:

Water Mains (miles) 299.77 300.64 300.30 300.88 300.82 Maximum Daily Capacity (thousands of gallons) 27,800 27,800 27,800 27,800 27,800 Wastewater:

Sanitary Sewers (miles) 202.75 202.72 203.56 203.99 204.10 Storm Sewers (miles) 92.08 94.74 95.12 95.35 95.89 Library Services:

Libraries 4 4 4 4 4 (continued)
Source: City of Newport Beach

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Fiscal Year

CITY OF NEWPORT BEACH
Capital Asset Statistics by Function
Last Ten Fiscal Years
246
2021 2022 2023 2024 2025
Police:

Stations 1 1 1 1 1
Fire:

Fire Stations 8 8 8 8 8
Lifeguard Headquarters 1 1 1 1 1
Public works:

Streets (miles) 400 400 401 399 399 Streetlights 5,973 5,974 5,974 5,974 5,974 Traffic Signals 808 808 808 808 808 Recreation & Senior Services:

Parks 65 66 66 66 66 Community Centers (includes leased property) 15 14 14 15 15 Aquatic Center 1 1 1 1 1 Water:

Water Mains (miles) 301.23 301.13 301.48 301.39 301.01 Maximum Daily Capacity (thousands of gallons) 27,800 27,800 27,800 27,800 27,800 Wastewater:

Sanitary Sewers (miles) 204.13 204.30 204.72 204.81 204.81 Storm Sewers (miles) 96.18 97.37 97.81 104.28 105.81 Library Services:

Libraries 4 4 4 4 4 Source: City of Newport Beach

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Fiscal Year

CITY OF NEWPORT BEACH
Capital Asset Statistics by Function
Last Ten Fiscal Years
247
2016 2017 2018 2019 2020
Type of Customer:

Residential 3,072,589 3,564,203 3,603,927 3,439,655 3,747,408 Commercial 1,847,372 2,142,952 2,201,254 2,075,812 2,081,860 Government 263,116 305,214 289,738 256,398 270,638
Total 5,183,077 6,012,369 6,094,919 5,771,865 6,099,906 Total direct rate
per 100 cubic ft. 3.08$ 3.08$ 3.08$ 3.08$ 3.11$ 1 (continued)
1 Reflects increase in commodity rate effective January 1, 2020 2 Reflects increase in commodity rate effective January 1, 2021 3 Reflects increase in commodity rate effective January 1, 2022 4 Reflects increase in commodity rate effective January 1, 2023 5 Reflects increase in commodity rate effective January 1, 2024 6 Reflects increase in commodity rate effective January 1, 2025 Source: City Utilities Department

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Fiscal Year

CITY OF NEWPORT BEACH
Water Sold by Type of Customer
Last Ten Fiscal Years
(in hundred cubic feet)
248
2021 2022 2023 2024 2025
Type of Customer:

Residential 3,811,231 3,714,134 3,242,477 3,154,529 3,294,352 Commercial 2,231,809 2,078,199 1,728,975 1,698,963 1,868,134 Government 299,442 314,128 256,850 224,058 280,676
Total 6,342,482 6,106,461 5,228,302 5,077,550 5,443,162 Total direct rate
per 100 cubic ft. 3.35$ 2 3.60$ 3 3.87$ 4 4.16$ 5 4.26$ 6 Source: City Utilities Department

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Fiscal Year

CITY OF NEWPORT BEACH
Water Sold by Type of Customer
Last Ten Fiscal Years
(in hundred cubic feet)
249
Fiscal Year
Ended June
30 Monthly
Base Rate
Rate per
100 cubic ft
2016 21.77 3.43
2017 21.77 3.43
2018 23.73 3.46
2019 24.34 3.50
2020 28.09 3.57
2021 30.25 3.85
2022 32.03 4.14
2023 33.77 4.41
2024 37.64 4.69
2025 44.44 4.81
1 Source: City Revenue Division

CITY OF NEWPORT BEACH
Utility Rates1
Last Ten Fiscal Years
Rates are based on 5/8" or 3/4" meter,
which are the standard household meter
sizes. Rates include sewer service. The
City charges an excess-use rate above
normal demand.
250
Water Customer Water Charges Rank
Percent of Total
Water Revenues Water Charges Rank
Percent of Total
Water Revenues
Irvine Company Apartment 878,950$ 1 2.11% 320,311$ 1 1 1.29% Irvine Company Office 731,541 2 1.75% 356,057 1 1 1.43% Hoag Memorial Hospital 525,140 3 1.26% 285,276 2 1.15% Newport Beach Country Club 472,025 4 1.13% 168,306 6 0.68% Big Canyon Country Club 429,437 5 1.03% 217,509 5 0.88% UDR Newport Beach 364,956 6 0.87% 243,261 3 0.98%
Bluffs Homeowners Association 363,672 9 0.87% 156,211 8 0.63% Newport-Mesa Unified School District 347,777 7 0.83% 152,434 9 0.61% Park Newport Ltd 324,952 11 0.78% 230,698 4 0.93%
Irvine Company LLC 294,126 8 0.70% 140,771 10 0.57%
Newport Dunes Resort 195,847 12 0.47% 88,257 20 0.36% Jasmine Creek Community Association 176,743 10 0.42% 95,766 16 0.39% Spyglass Hill Community Association 170,418 13 0.41% 112,756 11 0.45% Villa Balboa Community Association 164,010 14 0.39% 111,351 12 0.45% One Ford Road Community Association 162,498 15 0.39% 94,645 17 0.38% 5,602,092$ 13.42% 2,773,609$ 11.18%
1 Source: City Revenue Division

CITY OF NEWPORT BEACH
Major Water Customers
Current Year and Nine Years Ago
2025 2016
Company listed operated under The Irvine Company in 2016. 251
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City of Newport Beach
100 Civic Center Drive
Newport Beach, CA 92660
(949) 644-3123
www.newportbeachca.gov/acfr

Newport Beach City CouncilMarch 10, 2026

Newport Beach City Council
March 10, 2026