Paso Robles City Council
December 16, 2025

City of El Paso de Robles
Notes to the Basic Financial Statements
June 30, 2025
investments to prefund OPEB obligations. For the fiscal year ended June 30, 2025, the City’s cash contributions were $367,000 in payments to this trust.

B. OPEB Liability, OPEB Expense, and Deferred Inflows and Outflows of Resources Related to OPEB Net Other Post-Employment Benefit Liability: The City’s net OPEB liability is measured as the total OPEB liability, less the plan’s fiduciary net position. On June 30, 2025, the City reported a net OPEB liability of $3,598,443.

OPEB Expense: For the fiscal year ended June 30, 2025, the City recognized other post-employment benefit expense in the amount of ($224,058). Other post-employment benefit expense represents the change in net OPEB liability during the measurement period, adjusted for actual contributions and the deferred recognition of changes in investment gain/loss, actuarial gain/loss, actuarial assumptions or methods, and plan benefits.

Actuarial Assumptions: The City’s net OPEB liability is based on the following actuarial methods and assumptions:

Valuation date June 30, 2024
Measurement date June 30, 2025
Measurement period July 1, 2024 to June 30, 2025
Actuarial cost method Entry age normal
Actuarial assumptions:

Funding practice
The City does not currently have a pre-funding policy but has been making annual contributions of $367,000 to the trust. The projection of cash flows used to determine the discount rate assumed future pre-funding contributions of $349,500 are made to the trust.

Asset return 6.20% per annum
Discount rate 5.99% per annum, net of expenses
Inflation 2.50% per annum
Payroll increases 2.75% per annum, plus merit scale increases Pre-retirement turnover According to the termination rates under the most recent CalPERS’ pension plan valuations.

Mortality 2021 CalPERS’ Mortality for Safety, Miscellaneous and Schools Employees Retirement age According to the retirement rates under the most recent CalPERS’ pension plan valuation.

Participation rates
100% of eligible active employees are assumed to elect medical coverage at retirement. Future retirees are assumed to elect similar coverage as current retirees. Actual plan coverage is used for current retirees.

Spouse coverage
80% of future retirees are assumed to elect coverage for their spouse.

Male spouses are assumed to be three years older than female spouses.

Actual spouse coverage and spouse ages are used for current retirees.

Dependent coverage Not explicitly valued.

Claim cost development
The valuation claim costs are based on the premiums paid for medical insurance coverage. The City participates in CalPERS, a community rated plan. An implicit rate subsidy can exist when the non-Medicare rates for retirees are the same as for active employees. Since non-Medicare eligible retirees are typically much older than active employees, their actual medical costs are typically higher than for active employees. The current valuation contains an estimate of the implicit rate subsidy.

Medical trends
Assumed 4.00% per year. Long-term trend assumption is based on the conclusion that, while medical trend will continue to be cyclical, the average increase over time cannot continue to outstrip general inflation by a wide margin. Trend increases in excess of general inflation result in dramatic increases in unemployment, the number of uninsured and the number of underinsured. These effects are nearing a tipping point which will inevitably result in fundamental changes in health care finance and/or delivery which will bring increases in health care costs more closely in line 100

City of El Paso de Robles
Notes to the Basic Financial Statements
June 30, 2025
with general inflation. As a result, it is reasonable to project historical trend vs. inflation differences several decades into the future.

Medicare participation 100%
Minimum contributions The minimum required contribution increases each year based on medical portion of CPI. The assumed increase is 4% per year.

Maximum contributions The City’s maximum contribution is assumed to remain constant in all future years.

Actuarial value of assets Eligible plan assets will be valued on a market value basis.

Discount Rate: The long-term expected rate of return of OPEB plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the OPEB plan’s target asset allocation as of June 30, 2025, are summarized in the following table:

Asset Class Target Allocation
Long-Term
Expected Real
Rate of Return
All Equities 38.0% 7.25%
All Fixed Income 62.0% 4.25%
Other 0.0% 7.25%
Total 100.0%
Long-term expected rate of return is 6.2%.

The discount rate used to measure the total OPEB liability was 5.99%. The interest rate used in the prior valuation was

5.43%. The projection of cash flows used to determine the discount rate assumed that City contributions will be made at a rate of $367,000 per year, reduced by future employees’ normal costs. Based on those assumptions, the OPEB plan’s fiduciary net position was projected to be available to make all projected OPEB payments for current active and inactive employees and beneficiaries. Therefore, the long-term expected rate of return on OPEB plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability.

Changes in Net OPEB Liability: The changes in the net OPEB liability for the City are as follows:

Total OPEB
Liability
Plan Fiduciary
Net Position Net OPEB Liability
Balance on July 1, 2024 $ 15,326,369 $ 10,353,096 $ 4,973,273 Changes in the fiscal year:

Service cost 616,166 - 616,166
Interest on total OPEB liability 826,653 - 826,653
Changes of assumptions (913,527) - (913,527)
Employer contributions - 593,371 (593,371)
Net investment income/(loss) - 1,310,751 (1,310,751)
Benefit payments (821,280) (821,280) -
Net change in fiscal year (291,988) 1,082,842 (1,374,830) Balance on June 30, 2025 $ 15,034,381 $ 11,435,938 $ 3,598,443 Sensitivity of the Net OPEB Liability to Changes in the Discount Rate: On the following page, presents the net OPEB liability of the City if it were calculated using a discount rate that is one percentage point lower and one percentage point higher than the current rate, for the measurement period ending on June 30, 2025:
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City of El Paso de Robles
Notes to the Basic Financial Statements
June 30, 2025
Discount Rate
-1% (4.99%)
Current
Discount Rate
(5.99%)
Discount Rate
+1% (6.99%)
Net OPEB liability $ 5,263,898 $ 3,598,443 $ 2,242,104
Sensitivity of the Net OPEB Liability to Changes in Health Care Cost Trend Rates: The following represents the net OPEB liability of the City if it were calculated using healthcare cost trend rates that are one percentage point lower and one percentage point higher than the current rate, for measurement period ending on June 30, 2025:
1% Decrease
(3.0%)
Current
Healthcare
Cost Trend
Rates (4.00%)
1% Increase
(5.0%)
Net OPEB liability $ 2,765,121 $ 3,598,443 $ 4,542,023
OPEB Plan Fiduciary Net Position: Detailed information about the OPEB plan’s fiduciary net position is shown below:

Assets June 30, 2025
Investments:

Balanced funds $ 11,419,471
Stable value 16,467
Total assets 11,435,938
Net position restricted for OPEB $ 11,435,938
Additions
Employer contributions $ 593,371
Net investment income/(loss) 1,310,751
Total additions 1,904,122
Deletions
Benefit payments 821,280
Total deletions 821,280
Change in net position 1,082,842
Net position restricted for OPEB
Beginning of fiscal year $ 10,353,096
End of fiscal year $ 11,435,938
Recognition of Deferred Outflows and Deferred Inflows of Resources: Gains and losses related to changes in net OPEB liability and fiduciary net position are recognized in OPEB expense systematically over time. Amounts are first recognized in OPEB expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to OPEB and are to be recognized in future OPEB expense. The recognition period for all sources is five (5) years.

Deferred Outflows and Inflows of Resources Related to OPEB: On June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:
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City of El Paso de Robles
Notes to the Basic Financial Statements
June 30, 2025
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Differences between expected and actual experience $ 315,507 $ (92,931) Change in assumptions 446,395 (4,066,112)
Difference between projected and actual return on assets - (936,378) Total $ 761,902 $ (5,095,421)
Amounts reported as deferred inflows and outflows of resources related to OPEB will be recognized as expense as follows:

Fiscal Year Ending
June 30
Deferred
Inflows and
Outflows of
Resources
2026 $ (634,089)
2027 (984,954)
2028 (873,536)
2029 (698,979)
2030 (563,795)
Thereafter (578,166)
Total $ (4,333,519)
NOTE 13 – OTHER EMPLOYEE BENEFITS
A. Deferred Compensation Plan
City employees may defer a portion of their compensation under one separate, optional City-sponsored deferred compensation plan, ICMA-RC, created in accordance with Internal Revenue Code Section 457. Under this plan, participants are not taxed on the deferred portion of their compensation until distributed to them; distributions may be made only at termination, retirement, death, or in an emergency as defined by the plan.

Effective January 1, 1998, the law governing deferred compensation plan assets now requires plan assets to be held for the exclusive benefit of plan participants and their beneficiaries. Since the assets held under this new plan are not the City’s property and are not subject to claims by general creditors of the City, they have been excluded from these financial statements.

In accordance with adopted wage and benefit agreements and memorandums of understanding, the City makes contributions to City-sponsored deferred compensation plan for all employees. For employees in the unrepresented confidential, professional and management group (MGMT), the City contributes $5,000 annually with no matching required from the employee. Executive managers, a sub-group of MGMT employees, are eligible to receive up to an additional $2,500 in contributions with a one-to-one matching requirement. For employees in the Service Employees International Union (SEIU), the City will match employee contributions to a maximum of $25 per pay period, or $650 per year. For the fiscal year ended June 30, 2025, the total City contribution on behalf of eligible employees was $330,507.

B. Section 125 Benefit Plan
The City has a Section 125-benefit plan established pursuant to Section 125 of the IRS code. Under this plan, eligible employees may elect to contribute pre-tax dollars into any combination of the following two benefit categories: 1) unreimbursed medical spending account; 2) dependent day care spending account.

Under no circumstances may an employee direct more than $5,000 annually into the Dependent Day Care Spending Account and more than $3,300 into the Unreimbursed Medical Spending Account. All regular full-time employees employed on a regular and continuous basis, including certain contractual employees, are eligible to participate in this plan. Temporary and casual employees are not eligible. The plan year adopted by the City begins on January 1 and ends on December 31. To obtain reimbursement of expenses incurred within a plan year within the spending accounts, 103

City of El Paso de Robles
Notes to the Basic Financial Statements
June 30, 2025
employees must submit claims within 90 days of the end of the plan year or within 30 days from separation of service from the City. Funds unclaimed after 90 days of the close of the plan year are then remitted to the City.

NOTE 14 – FUND BALANCES AND DEFICITS
Fund balance is the difference between the assets added to deferred outflows of resources and liabilities added to deferred inflows of resources reported in governmental funds. In compliance with GASB Statement No. 54, the composition of the City’s fund balance is shown below:

General Fund
Supplemental
Sales Tax
Fund
Specific Plans
Fund
Capital
Projects Fund
Nonmajor
Governmental
Funds
Total
Governmental
Funds
Nonspendable:

Advances receivable $2,634,356 $ - $ - $ - $ - $ 2,634,356 Leases receivable 236,015 - - - - 236,015
Prepaid items 248,030 - - - - 248,030
Restricted for:

Aquatic facility expansion - - - - 486,056 486,056
Bike and pedestrian
expansion - - - - 614,690 614,690
Debt service - - - - 3,465,308 3,465,308
Disability access and
compliance - - - - 143,552 143,552
Health and welfare - - - - 689,388 689,388
Landscape and lighting
maintenance - - - - 2,149,251 2,149,251
Library facility expansion - - - - 2,536,394 2,536,394
Park development - - - - 4,984,830 4,984,830
Public, education,
government access - - - - 502,242 502,242
Public facility expansion - - - - 10,742,435 10,742,435 Public safety facility
expansion - - - - 1,862,708 1,862,708
Road maintenance - - - - 6,169,155 6,169,155
Storm drain development - - - - 130,302 130,302
Transportation facilities - - - - 2,917,216 2,917,216
Committed to:

Fire, Police, or Street Repair - 26,562,380 - - - 26,562,380 Assigned for:

Art in public places 732 - - - - 732
Building repair and
replacement 4,003,354 - - - - 4,003,354
Capital projects - - - 9,723,242 78,279 9,801,521
Economic development 129,248 - - - - 129,248
Street and road capital
projects - - - 17,200,293 - 17,200,293
Unassigned 15,985,823 - (1,286,772) - (153,221) 14,545,830 Total fund balances (deficits) $ 23,237,558 $ 26,562,380 $ (1,286,772) $ 26,923,535 $ 37,318,585 $ 112,755,286 As of June 30, 2025, the Specific Plans and Airport Road PSR funds had a fund deficit in the amount of $1,286,772, and $153,221, respectively. The funds will begin to have positive fund balance once development occurs.

NOTE 15 – FUNDS WITH EXPENDITURES EXCEEDING APPROPRIATIONS The following funds had expenditures exceeding appropriations during the fiscal year:

Nonmajor Governmental Funds:

Parks and Recreation Facilities Capital Project Fund $ 3,000 Measure D G.O. Bond Debt Service Fund 2,080
Total $ 5,080
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City of El Paso de Robles
Notes to the Basic Financial Statements
June 30, 2025
NOTE 16 – PRIOR PERIOD ADJUSTMENTS
There were two prior period adjustments made during the fiscal year. The first relates to an under reporting of a loan agreement with Kaldera Collective LLC, to construct tenant improvements at 1345 Park Street, Paso Robles, CA for a business center providing coworking space, training, seminars, individualized mentoring, pitch contests, and other resources. This had a positive impact on the Governmental Activities in the Statement of Activities in the amount of $226,794.

The second adjustment relates to an under reporting of an Airport lease agreement (City as lessor) with Airport RV and Boat Storage, LLC. This had a positive impact on the Airport Fund Statement of Revenues, Expenses and Changes in Net Position and to the Business-type Activities in the Statement of Activities in the amount of $106,064.

NOTE 17 – SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY On December 29, 2011, the California Supreme Court upheld Assembly Bill IX 26 (“the Bill”) that provides for the dissolution of all Redevelopment Agencies in the State of California. This action impacted the reporting entity of the City that previously had reported a Redevelopment Agency within the reporting entity of the City as a blended component unit. The Bill provides that upon dissolution of a Redevelopment Agency, either the City or another unit of local government will agree to serve as the “Successor Agency” to hold the assets until they are distributed to other units of state and local government.

One January 17, 2012, the City Council elected to become the Successor Agency for the former Redevelopment Agency in accordance with the Bill as part of City Resolution Number 12-005.

After enactment of the law, which occurred on June 28, 2011, Redevelopment Agencies in the State of California could not enter into new projects, obligations or commitments. Subject to the control of a newly established oversight board, remaining assets can only be used to pay enforceable obligations in existence at the date of dissolution (including the completion of any unfinished projects that were subject to legally enforceable contractual commitments).

In future fiscal years, Successor Agencies will only be allocated revenue in the amount that is necessary to pay the estimated annual installment payments on enforceable obligations of the former Redevelopment Agency until all enforceable obligations of the prior Redevelopment Agency have been paid in full and all assets have been liquidated.

The Bill directs the State Controller of the State of California to review the propriety of any transfers of assets between Redevelopment Agencies and other public bodies that occurred after January 1, 2011. If the public body that received such transfers is not contractually committed to a third party for the expenditure or encumbrance of those assets, the State Controller is required to order the available assets to be transferred to the public body designated as the Successor Agency by the Bill.

In accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on December 29, 2011), all Redevelopment Agencies in the State of California were dissolved and ceased to operate as legal entities as of February 1, 2012.

A. Loans Receivable
On May 4, 2004, the RDA, subsequently the Successor Agency to the former Redevelopment Agency of Paso Robles, entered into an agreement with Canyon Creek Limited Partnership, to defer certain development-related fees in order to construct a multi-family residential housing project consisting of 68 residential units, 49% of which (33 units) are rented to qualified low-income families. The amount of fees deferred total $300,000. Total outstanding balance as of June 30, 2025, including accrued interest, was $489,752.

In 2007, the RDA, subsequently the Successor Agency to the former Redevelopment Agency of Paso Robles, entered into a long-term, zero-interest, forgivable loan agreement with Chet Dotter Senior Housing for the construction of a 40-unit senior housing project within the project area. The balance on June 30, 2025, remains at $1,720,000.

On June 10, 2010, the RDA, subsequently the Successor Agency to the former Redevelopment Agency of Paso Robles, entered into an agreement with South River Road Associates, LP to construct Hidden Creek Village, an 81-unit low-income 105

City of El Paso de Robles
Notes to the Basic Financial Statements
June 30, 2025
apartment complex in the amount of $1,000,000. Total outstanding balance as of June 30, 2025, including accrued interest, was $1,429,226.

B. Tax Allocation Bonds Payable
On September 16, 1996, $3,630,000 Tax Allocation Refunding Bonds were issued by the Redevelopment Agency to refund bonds originally issued in 1991 to repay advances and loans received by the Redevelopment Agency from the City. The outstanding bonds bear a net interest cost of 5.50% and are due in annual installments ranging from $70,000 to $255,000 through January 1, 2022. These bonds were refunded with the 2009 Tax Allocation Bonds.

On October 3, 2000, $4,090,000 Tax Allocation Bonds were issued by the Redevelopment Agency to repay advances and loans received by the Redevelopment Agency from the City and provide funds for the widening of Niblick Bridge from two to four lanes. The outstanding bonds bear a net interest cost of 5.25% and are due in annual installments ranging from $20,000 to $485,000 through January 1, 2028. These bonds are payable from property tax increment revenues.

On August 4, 2009, the Redevelopment Agency of the City issued $9,330,000 of 2009 Series A Tax Allocation Bonds, and $2,785,000 of 2009 Series B with interest rates ranging from 4.75% to 6.50% to refund prior 1996 Tax Allocation Bonds with interest rates ranging from 5.25% to 5.625% and a par value of $2,320,000. The 1996 Tax Allocation Bonds mature annually on July 1 between 2010 and 2021. The 1996 Tax Allocation Bonds were called on September 4, 2009. The 2009 Tax Allocation Bonds were issued at a discount of $(105,005) and, after paying issuance costs of $134,771 and the underwriter’s discount of $94,935, the net proceeds were $8,995,289. A portion of the net proceeds from the issuance of the 2009 Tax Allocation Bonds was used to purchase U.S. Government securities and those securities were deposited in an irrevocable trust with an escrow agent to provide debt service payments until the 1996 Tax Allocation Bonds were called on September 4, 2009. The current refunding met the requirements of an in-substance defeasance. As a result of the refunding, the Redevelopment Agency restructured its total debt service which resulted in savings on interest costs. As of June 30, 2025, the bond discount was $50,753.

The future minimum payment obligations for the Tax Allocation Bonds payable are as follows:

Fiscal Year Ending
June 30 Principal Interest Total
2026 $ 865,000 0 $ 477,775 0 $ 1,342,775
2027 895,000 428,319 1,323,319
2028 925,000 376,975 1,301,975
2029 410,000 338,744 748,744
2030 410,000 314,144 724,144
2031-2035 2,420,000 0 1,145,509 0 3,565,509
2036-2039 2,260,000 0 297,050 0 2,557,050
Total $ 8,185,000 0 $ 3,378,516 0 $ 11,563,516
NOTE 18 – LIABILITY, WORKERS’ COMPENSATION, AND PURCHASED INSURANCE A. Description of Self-Insurance Pool Pursuant to Joint Powers Agreement The City is a member of the California Joint Powers Insurance Authority (Insurance Authority). The Insurance Authority is composed of 126 California public entities and is organized under a joint powers agreement pursuant to California Government Code §6500 et seq. The purpose of the Insurance Authority is to arrange and administer programs for the pooling of self-insured losses, to purchase excess insurance or reinsurance, and to arrange for group purchased insurance for property and other lines of coverage. The Insurance Authority began covering claims of its members in 1978. Each member government has an elected official as its representative on the Board of Directors. The Board of Directors operates through a nine-member Executive Committee.
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City of El Paso de Robles
Notes to the Basic Financial Statements
June 30, 2025
B. Primary Self-Insurance Programs of the Insurance Authority Each member pays an annual contribution at the beginning of the coverage period. The total funding requirement for primary self-insurance programs is based on an actuarial analysis. Costs are allocated to individual agencies based on payroll and claims history, relative to other members of the risk-sharing pool.

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

The overall coverage limit for each member, including all layers of coverage, is $50 million per occurrence. Subsidence losses also have a $50 million per occurrence limit. The coverage structure is composed of a combination of pooled selfinsurance, reinsurance, and excess insurance. Additional information concerning the coverage structure is available on the Insurance Authority’s website: https://cjpia.org/coverage/risk-sharing-pools/.

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

For FY 2024-25 the Insurance Authority’s pooled retention is $1 million per occurrence, with reinsurance to statutory limits under California Workers’ Compensation Law. Employer’s liability losses are pooled among members to $1 million.

Coverage from $1 million to $5 million is purchased through reinsurance policies, and employer’s liability losses from $5 million to $10 million are pooled among members.

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

Property Insurance – The City participates in the all-risk property protection program of the Insurance Authority. This insurance protection is underwritten by several insurance companies. City property is currently insured according to a schedule of covered property submitted by the City to the Insurance Authority. City property currently has all-risk property insurance protection in the amount of $218,746,537. There is a $10,000 deductible per occurrence except for nonemergency vehicle insurance which has a $2,500 deductible.

Crime Insurance – The City purchases crime insurance coverage in the amount of $5,000,000 with a $2,500 deductible. The fidelity coverage is provided through the Insurance Authority.

Special Event Tenant User Liability Insurance – The City further protects against liability damages by requiring tenant users of certain property to purchase low-cost tenant user liability insurance for certain activities on agency property. The 107

City of El Paso de Robles
Notes to the Basic Financial Statements
June 30, 2025
insurance premium is paid by the tenant user and is paid to the City according to a schedule. The City then pays for the insurance. The insurance is facilitated by the Insurance Authority.

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

E. Self-Insurance
The City retains the risk for workers’ compensation losses incurred prior to joining the Insurance Authority. Several member agencies of the now dissolved Central Coast Cities Self-Insurance Fund continue to participate in a non-risk sharing arrangement for claims management and the purchase of excess insurance. The participating agencies share a set of common guidelines and annually set aside premiums to pay their individual losses within their self-insured retentions.

Losses are debited and investment income is credited to specific member accounts. The City has not incurred any losses in excess of insurance coverage. Claims liabilities in the governmental funds are generally liquidated by the General Fund.

The last actuarial study to determine the undiscounted outstanding liabilities was completed for the fiscal year ended June 30, 2025. The liability was estimated based on the actuarial study and considered claims asserted and paid, and the time limitation for filing claims. There are no amounts estimated for claims incurred but not reporting because the time limit for filing claims has elapsed. The estimated asset (liability) on June 30, 2025, and the change in those balances are shown below:

Cash, investments, and current assets $ 659,225
Estimated claims liability (9,067)
Unpaid claims asset $ 650,158
Unpaid claims asset on July 1, 2024 $ 604,036
Revenues 30,570
Claim payments and related expenditures (2,171)
Change in fair value 3,456
Change in estimated claims liability 14,267
Unpaid claims asset on June 30, 2025 $ 650,158
NOTE 19 – LITIGATION AND CONTINGENCIES
On September 3, 2025, the City entered into a settlement and release agreement with Chris Bausch, District 2 City Councilmember, and the Tribune relating to a Public Records Act claim filed. As part of the settlement of the action, the City was required to pay the Tribune for $250,000 as the full amount of any attorney’s fees and costs and $27,000 to Councilmember Bausch as reimbursement for attorney’s fees incurred by Bausch in any way related to the claims. Both payments were made in October 2025.

The City generally follows the practice of recording liabilities resulting from claims and legal actions only when they become fixed or determined in amount. While the City is a defendant in a number of lawsuits arising out of the normal course of business, their outcomes cannot be predicted. In the opinion of the City Attorney, these actions, when finally adjudicated, will not have a material adverse impact on the financial position of the City.

NOTE 20 – SUBSEQUENT EVENTS
A subsequent event is an event that occurs after a reporting period, but before the financial statements for that period have been issued or are available to be issued. There were no subsequent events for the fiscal year ending June 30, 2025. 108

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Notes to the Basic Financial Statements
June 30, 2025
NOTE 21 – CONSTRUCTION AND OTHER COMMITMENTS
The City had the following significant open purchase orders for construction projects or other commitments as of June 30, 2025:

Project Description
Spent-toDateRemaining
Commitment
Creston Road Rehabilitation Phase 1 $ 5,978,142 $ 2,471,858 Pickleball Courts at Sherwood Park 940,080 2,339,920
US 101/Highway 46 West Roundabouts 346,326 1,946,674
Corporation Yard 282,713 803,305
Sherwood Road Water Main Upgrade 1,385,128 669,872
Larry Moore Park Redevelopment 49,373 658,127
Huer Huero Creek Bridge 1,248,176 583,278
Automated Water Meter Reading 785,387 532,630
Airport Master Plan 151,990 488,010
Serenade/Brahama Street Rehabilitation 419,370 449,630
13th Street/Niblick Bridges Deck Resurfacing 23,777 374,223 Golden Hill Road Rehabilitation 2,192,307 297,696
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Required Supplementary
Information

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City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget to Actual General Fund
For the Fiscal Year Ended June 30, 2025
Original Final Actual Variance

REVENUES
Taxes $ 47,400,400 $ 47,400,400 $ 45,600,179 $ (1,800,221) Licenses and permits 1,331,500 1,331,500 1,330,241 (1,259) Fines and forfeitures 146,600 146,600 271,964 125,364
Use of money and property 2,042,400 2,042,400 3,680,921 1,638,521 Intergovernmental revenues 383,700 962,497 1,111,553 149,056 Charges for current services 4,183,700 4,183,700 3,853,282 (330,418) Other revenues 145,100 145,100 174,437 29,337
Total revenues 55,633,400 56,212,197 56,022,577 (189,620)

EXPENDITURES
Current:

GeGeneral government 9,849,300 10,033,047 9,421,200 (611,847) PuPublic safety 27,117,400 26,972,381 25,613,655 (1,358,726) HigHighways and streets 7,052,400 7,347,989 6,050,757 (1,297,232) CuCulture-recreation 7,955,500 7,932,970 7,741,326 (191,644) Ur Urban redevelopment and housing 432,800 431,756 272,707 (159,049) Ec Economic development and assistance 754,200 979,108 659,497 (319,611) Capital outlay 50,500 953,361 485,810 (467,551)
Debt service:

IntInterest 50,100 50,100 50,046 (54)
PriPrincipal 155,400 155,400 155,423 23
Total expenditures 53,417,600 54,856,112 50,450,421 (4,405,691) Revenues over expenditures 2,215,800 1,356,085 5,572,156 4,216,071

OTHER FINANCING SOURCES (USES)
Transfers in 2,579,000 2,579,000 1,447,897 (1,131,103)
Transfers out (8,656,200) (12,815,694) (9,389,697) 3,425,997 Total other financing sources (uses) (6,077,200) (10,236,694) (7,941,800) 2,294,894 Net change in fund balance $ (3,861,400) $ (8,880,609) (2,369,644) $ 6,510,965 Fund balance - July 1 25,607,202
Fund balance - June 30 $ 23,237,558
Budget Amounts
See accompanying notes to the required supplementary information. 113

City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget to Actual Supplemental Sales Tax Fund
For the Fiscal Year Ended June 30, 2025
Original Final Actual Variance

REVENUES
Taxes $ 13,375,500 $ 13,375,500 $ 15,062,615 $ 1,687,115 Use of money and property 80,000 80,000 1,200,658 1,120,658 Other revenues - 16,500 - (16,500)
Total revenues 13,455,500 13,472,000 16,263,273 2,791,273

EXPENDITURES
Current:

PuPublic safety 8,768,300 8,768,300 6,714,772 (2,053,528) HigHighways and streets 416,100 416,100 202,878 (213,222) Capital outlay 26,000 1,427,662 1,339,251 (88,411)
Total expenditures 9,210,400 10,612,062 8,256,901 (2,355,161) Revenues over expenditures 4,245,100 2,859,938 8,006,372 5,146,434

OTHER FINANCING SOURCES (USES)
Transfers out (4,000,000) (19,427,508) (2,006,447) 17,421,061 Total other financing sources (uses) (4,000,000) (19,427,508) (2,006,447) 17,421,061 Net change in fund balance $ 245,100 $ (16,567,570) 5,999,925 $ 22,567,495 Fund balance - July 1 20,592,455
Fund balance - June 30 $ 26,592,380
Budget Amounts
See accompanying notes to the required supplementary information. 114

City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget to Actual Specific Plans Fund
For the Fiscal Year Ended June 30, 2025
Original Final Actual Variance

REVENUES
Use of money and property $ 2,720,000 $ 2,720,000 $ 27,297 $ (2,692,703) Charges for current services 8,000 8,000 - (8,000)
Total revenues 2,728,000 2,728,000 27,297 (2,700,703)
Net change in fund deficit $ 2,728,000 $ 2,728,000 27,297 $ (2,700,703) Fund deficit - July 1 (1,314,069)
Fund deficit - June 30 $ (1,286,772)
Budget Amounts
See accompanying notes to the required supplementary information. 115

City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Notes to the Required Supplementary Information
June 30, 2025
NOTE 1 – BUDGETARY BASIS OF ACCOUNTING
The City’s budget is prepared according to California law, with the most significant budgeted fund being the General Fund given that the majority of City activities are subsidized by taxes; however, the City budgets for all its funds. Once adopted, operating appropriations shall not be subsequently adjusted unless specifically authorized by resolution identifying the fund and amount from which the appropriations are to be made. The City Manager may authorize the transfer of appropriations from one expenditure line item to another within the same fund; however, under no circumstances can an increase in appropriations occur without City Council authorization. Quarterly reports are used to keep the City Council informed of key budget issues, forecasts, and required changes. The budget amendments reported in the financial reports fall into three categories:

1. The carryover of appropriations for contracts, equipment, and/or projects approved in the previous fiscal year(s), but not completed as of fiscal year-end.

2. Increases or decreases in estimated revenues to reflect actual receipts of major revenues.

3. Additional appropriations for unforeseen, but necessary expenses or expenditures.

Through the budget, the City Council sets the direction of the City, allocates its resources and establishes its priorities. The City develops and adopts a two-year budget, including a capital improvement plan, in which the City Council has the responsibility for adoption of the City’s budget which serves as the City’s legally adopted expenditure document. Annual operating and capital improvement expenditures are adopted by resolution which constitutes the authorized expenditures for the fiscal year. The second year of the two-year budget is updated and adopted for that year. Budgets are prepared on the modified accrual basis of accounting, consistent with the generally accepted accounting principles (GAAP).

NOTE 2 – GENERAL FUND BUDGETARY HIGHLIGHTS
The General Fund’s original adopted budget for fiscal year ending June 30, 2025, had assumed a significant decrease in fund balance in the amount of $6.6 million. This is because General Fund reserves have exceeded City Council-established minimal levels and amounts that exceed the reserve policy level can be utilized for one-time capital projects. In the current fiscal year, the City’s General Fund contributed a one-time allocation of $9.4 million to the Capital Projects Fund to fund a variety of capital projects including, but are not limited to, the Road Maintenance Program, Americans with Disabilities Act Curb Ramps and Sidewalk Program, downtown parking lot renovations, Mill Road parallel route and annexation, drainage improvements at a variety of locations, the South Vine Street Bridge, the Library/City Hall remodel, and various facility repairs and improvements.

During the year, there was no need for any significant amendments to increase either the original estimated revenues or original budgeted appropriations. However, there was a need to make amendments to account for grant and other intergovernmental activity that arose during the year as well as appropriating funds in anticipation of the City Hall and Council Chamber remodel project.

The most significant differences between estimated revenues and actual revenues were as follows:

Revenue Source
Estimated
Revenues
Actual
Revenues Difference
Sales tax $ 18,685,500 $ 18,168,784 $ (516,716)
Property tax 14,915,400 14,248,311 (667,089)
Transient occupancy tax 10,522,000 9,705,846 (816,154)
All other taxes 3,277,500 3,477,238 199,738
Charges for services 2,793,700 3,853,282 1,059,582
User of money and property 2,042,400 3,680,796 1,638,396 As with state and national economies, the City’s local economy is feeling the impacts of inflation, high interest rates, and pressures emerging from federal tariffs. Although economic indicators do not signal a recession, the shortfalls in the above revenue sources are indicative of slowing revenue growth that has been occurring since the COVID-19 pandemic ended. 116

City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Notes to the Required Supplementary Information
June 30, 2025
NOTE 3 – SUPPLEMENTAL SALES TAX FUND BUDGETARY HIGHLIGHTS In 2012, the voters of the City approved Measure E-12, a one-half supplemental sales tax, beginning on April 1, 2013 and automatically ending on March 31, 2025. In November 2024, the voters approved Measure I-24 which extended the one-half supplemental sales tax indefinitely. Because of the uncertainty surrounding the ballot measure being approved or not, the City budgeted for nine months of this revenue. As a result, actual revenues exceeded the estimated revenues by $1,687,115.

The City Council approved Resolution 20-118, committing these supplemental sales tax revenues towards fire and emergency services, police services, and street repair and maintenance. This also includes, but not limited to, capital costs such as fire stations, substations, training facilities, and major road rehabilitation. Due to the nature of these capital projects, many times it takes several years to be completed. For the fiscal year, the fund has $17,421,061 of unspent appropriations that are planned to be expended in the upcoming years.

NOTE 4 – SPECIFIC PLANS FUND BUDGETARY HIGHLIGHTS
As of June 30, 2025, the Specific Plans Fund had a fund deficit in the amount of $1,286,772. The fund will begin to have a positive fund balance once development occurs. The budget had assumed development occurring when it has not. 117

City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Changes in the Net Pension Liability and Related Ratios Last Ten Fiscal Years
2015-16 2016-17 2017-18 2018-19
Total Pension Liability
Service cost $ 1,261,727 $ 1,343,291 $ 1,559,000 $ 1,534,064 Interest on total pension liability 4,692,922 4,968,592 5,100,788 5,222,297 Changes of assumptions (1,109,451) - 4,094,234 (369,228) Changes in benefit terms - - - -
Differences between expected and actual experience (622,439) 630,371 (882,446) (1,118,930) (2,840,331) (3,204,224) (3,277,298) (3,642,194)
Net change in total pension liability 1,382,428 3,738,030 6,594,278 1,626,009 Total pension liability - beginning of fiscal year 63,866,593 65,249,021 68,987,051 75,581,329 Total pension liability - end of fiscal year [A] $ 65,249,021 $ 68,987,051 $ 75,581,329 $ 77,207,338 Plan Fiduciary Net Position
Plan to plan resource movement $ - $ - $ - $ (123)
Contributions - employer 1,868,439 2,000,742 3,823,624 2,124,416 Contributions - employee 628,654 643,082 658,337 770,706 Net investment income (loss) 1,010,263 225,131 4,883,679 4,222,464 Benefit payments (2,840,331) (3,204,224) (3,277,298) (3,642,194) Administrative expense (49,448) (26,776) (64,333) (224,056) Other miscellaneous income/(expense) - - - -
Net change in plan fiduciary net position 617,577 (362,045) 6,024,009 3,251,213 Total plan fiduciary net position - beginning of fiscal year 43,318,031 43,935,608 43,573,563 49,597,572 Total plan fiduciary net position - end of fiscal year [B] $ 43,935,608 $ 43,573,563 $ 49,597,572 $ 52,848,785 Net pension liability - end of fiscal year ([A]-[B]) $ 21,313,413 $ 25,413,488 $ 25,983,757 $ 24,358,553

67.34% 63.16% 65.62% 68.45%
Covered payroll $ 7,659,829 $ 8,396,093 $ 8,780,225 $ 9,316,302 Net pension liability as a percentage of covered payroll 278.25% 302.68% 295.93% 261.46% The following table provides the changes in the miscellaneous plan's net pension liability and related ratios - agent multiple-employer defined benefit pension plan:

Benefit payments, including refunds of employee
contributions
Plan fiduciary net position as a percentage of the total pension liability
See accompanying notes to the required supplementary information 118

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
$ 1,581,663 $ 1,609,566 $ 1,606,255 $ 1,829,087 $ 1,998,150 $ 2,370,880 5,548,346 5,765,245 6,004,538 6,161,948 6,462,524 6,927,531 - - - 2,696,110 - -
- - - - 109,086 -
1,547,644 (40,299) 337,397 (561,548) 1,054,411 3,407,093 (3,893,155) (4,247,061) (4,480,541) (4,584,918) (5,180,804) (5,449,006) 4,784,498 3,087,451 3,467,649 5,540,679 4,443,367 7,256,498 77,207,338 81,991,836 85,079,287 88,546,936 94,087,615 98,530,982 $ 81,991,836 $ 85,079,287 $ 88,546,936 $ 94,087,615 $ 98,530,982 $ 105,787,480 $ - $ - $ - $ - $ - $ -
3,489,963 2,483,632 2,519,880 2,716,313 3,107,204 3,300,108 883,924 972,201 1,005,499 1,120,973 1,228,259 1,471,934 3,485,150 2,853,716 13,251,050 (5,394,575) 4,020,713 6,513,969 (3,893,155) (4,247,061) (4,480,541) (4,584,918) (5,180,804) (5,449,006) (37,714) (80,042) (58,697) (44,227) (47,658) (55,281)
123 - - - - -
3,928,291 1,982,446 12,237,191 (6,186,434) 3,127,714 5,781,724 52,848,785 56,777,076 58,759,522 70,996,713 64,810,279 67,937,993 $ 56,777,076 $ 58,759,522 $ 70,996,713 $ 64,810,279 $ 67,937,993 $ 73,719,717 $ 25,214,760 $ 26,319,765 $ 17,550,223 $ 29,277,336 $ 30,592,989 $ 32,067,763

69.25% 69.06% 80.18% 68.88% 68.95% 69.69%
$ 9,678,132 $ 9,851,522 $ 10,014,148 $ 11,020,579 $ 13,117,161 $ 15,303,306 260.53% 267.16% 175.25% 265.66% 233.23% 209.55%
119

City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Pension Contributions - Agent Multiple-Employer Defined Benefit Pension Plan Last Ten Fiscal Years
The following table provides the contributions to the miscellaneous plan - agent multiple-employer defined benefit pension plan:
2015-16 2016-17 2017-18 2018-19
Actuarially determined contribution $ 1,931,256 $ 2,527,005 $ 2,370,405 $ 2,299,277 (1,998,114) (4,150,823) (2,370,405) (3,531,703)
Contribution deficiency (excess) $ (66,858) $ (1,623,818) $ - $ (1,232,426) Covered payroll $ 8,396,093 $ 8,780,225 $ 9,316,302 $ 9,678,132 Contributions as a percentage of covered payroll 23.80% 47.27% 25.44% 36.49% Contribution in relation to the actuarially determined
contribution
See accompanying notes to the required supplementary information 120

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
$ 2,483,632 $ 2,519,880 $ 2,716,313 $ 3,107,204 $ 3,300,108 $ 3,760,118 (2,483,632) (2,519,880) (2,716,313) (3,107,204) (3,300,108) (3,760,118) $ - $ - $ - $ - $ - $ -
$ 9,851,522 $ 10,014,148 $ 11,020,579 $ 13,117,161 $ 15,303,306 $ 16,750,471

25.21% 25.16% 24.65% 23.69% 21.56% 22.45%
121

City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Notes to the Required Supplementary Information
Miscellaneous Pension Plan
June 30, 2025
NOTE 1 – SUMMARY OF CHANGES OF BENEFITS OR ASSUMPTIONS
Benefit Changes: The figures 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, unless the liability impact is deemed to be material by the plan actuary.

Changes of Assumptions: There were no assumption changes in 2023 or 2024. Effective with the June 30, 2021, valuation date (June 30, 2022, measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the longterm 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, and 7.65% for measurement dates June 30, 2015, through June 30, 2016.

NOTE 2 – OTHER MISCELLANEOUS INCOME/EXPENSE
During Fiscal Year 2017-18, as a result of Governmental Accounting Standards Board Statement No. 75, Accounting and Financial Reporting for Postemployment Benefit Plans Other than Pensions, CalPERS reported its proportionate share of activity related to postemployment benefits for participation in the State of California’s agent OPEB plan. Accordingly, CalPERS recorded a one-time expense as a result of the adoption of GASB 75.

Additionally, CalPERS employees participate in various State of California agent pension plans and during Fiscal Year 2017-18, CalPERS recorded a correction to previously reported financial statements to properly reflect its proportionate share of activity related to pensions in accordance with GASB Statement No. 68, Accounting and Financial Reporting for Pensions (GASB 68).

NOTE 3 – ACTUARIAL METHODS AND ASSUMPTIONS
The Miscellaneous Plan’s actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2024-25 were derived from the June 30, 2024 funding valuation report.

Actuarial Cost Method Entry Age Actuarial Cost Method
Amortization Method/Period For details, see June 30, 2021, funding valuation report.

Asset Valuation Method Fair Value of Assets. For details, see June 30, 2021, funding valuation report.

Inflation 2.3%
Salary Increases Varies by entry age and service
Payroll Growth 2.8%
Investment Rate of Return 6.80% Net of Pension Plan Investments and Administrative Expenses; includes Inflation
Retirement Age The probabilities of retirement are based on the 2021 CalPERS’ Experience Study and Review of Actuarial Assumptions.

Mortality The probabilities of mortality are based on the 2021 CalPERS’ Experience Study and Review of Actuarial Assumptions. Mortality rates incorporate full generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries.
122

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123

City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Plan's Proportionate Share of Net Pension Liability Last Ten Fiscal Years
The following table provides the City's proportionate share of net pension liability of the safety plan - cost-sharing defined benefit pension plan:
2015-16 2016-17 2017-18 2018-19
Proportion of the net pension liability 0.17196% 0.16700% 0.15545% 0.15490% Proportionate share of the net pension liability $ 11,802,834 $ 14,446,625 $ 15,416,576 $ 14,949,927 Covered payroll $ 4,965,806 $ 4,996,867 $ 5,232,842 $ 5,250,491 237.68% 289.11% 294.61% 284.73%
Plan's total pension liability (in billions) $ 31.77 $ 33.36 $ 37.16 $ 38.00 Plan's fiduciary net position (in billions) $ 24.91 $ 24.71 $ 27.24 $ 28.35

78.41% 74.07% 73.30% 74.61%
Proportionate share of the net pension liability as a
percentage of covered payroll
Plan fiduciary net position as a percentage of the total pension liability
See accompanying notes to the required supplementary information 124

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25

0.15260% 0.14840% 0.08960% 0.18910% 0.17050% 0.18300%
$ 16,081,854 $ 16,434,399 $ 7,383,530 $ 18,157,549 $ 21,704,399 $ 23,697,067 $ 5,842,756 $ 5,835,684 $ 7,370,100 $ 8,270,629 $ 10,005,117 $ 11,199,601 275.24% 281.62% 100.18% 219.54% 216.93% 211.59%
$ 40.90 $ 43.18 $ 45.65 $ 48.87 $ 51.77 $ 54.59
$ 30.36 $ 32.11 $ 37.41 $ 39.27 $ 39.04 $ 41.64

74.23% 74.36% 81.95% 80.36% 75.41% 76.28%
125

City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Pension Contributions - Cost-Sharing Defined Benefit Pension Plan Last Ten Fiscal Years
The following table provides the contributions to the safety plan - cost-sharing defined benefit pension plan:
2015-16 2016-17 2017-18 2018-19
$ 1,664,994 $ 1,742,385 $ 1,783,390 $ 1,723,623
(1,629,321) (2,618,567) (1,783,390) (2,491,197)
Contribution deficiency (excess) $ 35,673 $ (876,182) $ - $ (767,574) Covered payroll $ 4,996,867 $ 5,232,842 $ 5,250,491 $ 5,842,756 Contributions as a percentage of covered payroll 32.61% 50.04% 33.97% 42.64% Contractually required contribution (actuarially
determined)
Contribution in relation to the actuarially determined
contributions
See accompanying notes to the required supplementary information 126

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
$ 1,986,673 $ 2,174,025 $ 2,268,023 $ 2,803,778 $ 2,823,911 $ 3,256,436 (1,986,673) (2,174,025) (2,268,023) (2,803,778) (2,823,911) (3,256,436) $ - $ - $ - $ - $ - $ -
$ 5,835,684 $ 7,370,100 $ 8,270,629 $ 10,005,117 $ 11,199,601 $ 11,724,831

34.04% 29.50% 27.42% 28.02% 25.21% 27.77%
127

City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Notes to the Required Supplementary Information
Public Safety Pension Plan
June 30, 2025
NOTE 1 – SUMMARY OF CHANGES OF BENEFITS OR ASSUMPTIONS
Benefit Changes: There were no changes to benefit terms that applied to all members of the Public Agency Pool. However, individual employers in the Plan may have provided a benefit improvement to their employees such as Golden Handshakes, service purchases, and other prior service costs. Employers that have done so may need to report this information as a separate liability in their financial statement as CalPERS considers such amounts to be separately financed employer-specific liabilities.

These employers should consult with their auditors. Additionally, the figures above do not include any liability impact that occurred after the June 30, 2023, valuation date, unless the liability impact is deemed to be material to the Public Agency Pool.

Changes of Assumptions: There were no assumption changes in 2023 or 2024. Effective with the June 30, 2021, valuation date (June 30, 2022, measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the longterm 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, and 7.65% for measurement dates June 30, 2015, through June 30, 2016.dates June 30, 2017, through June 30, 2021, and 7.65% for measurement dates June 30, 2015, through June 30, 2016.

NOTE 2 – ACTUARIAL METHODS AND ASSUMPTIONS
The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2024-25 were derived from the June 30, 2024 funding valuation report.

Actuarial Cost Method Entry Age Normal in accordance with the requirements of GASB Statement No. 68
Actuarial Assumptions:

Discount rate 6.9%
Inflation 2.5%
Salary Increases Varies by entry age and service
Mortality table Derived using CalPERS membership data for all funds Post retirement benefit increase The lesser of contract cost-of-living (COLA) or 2.50% until Purchasing Power Protection Allowance floor on purchasing power applies, 2.50% thereafter The mortality table used was developed based on CalPERS'-specific data. The probabilities of mortality are based on the 2017 CalPERS' Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS' Experience Study and Review of Actuarial Assumptions report from December 2017 that can be found on the CalPERS' website.
128

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129

City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Changes in the Net Other Post-Employment Benefit (OPEB) Liability and Related Ratios Last Eight Fiscal Years
The following table provides the changes in the City's OPEB plan net OPEB liability and related ratios:
2017-18 2018-19 2019-20
Total OPEB Liability
Service cost $ 579,776 $ 594,575 $ 653,372
Interest on total OPEB liability 537,631 566,498 566,388 Changes of assumptions (99,964) 512,103 1,995,683
Differences between expected and actual experience - - (574,832) (458,739) (570,200) (674,080)
Net change in total OPEB liability 558,704 1,102,976 1,966,531 Total OPEB liability - beginning of fiscal year 13,329,764 13,888,468 14,991,444 Total OPEB liability - end of fiscal year [A] $ 13,888,468 $ 14,991,444 $ 16,957,975 Plan Fiduciary Net Position
Contributions - employer $ 130,500 $ 455,146 $ 447,814
Net investment income (loss) 653,066 381,914 216,352
Benefit payments (458,739) (570,200) (674,080)
Net change in plan fiduciary net position 324,827 266,860 (9,914) Total plan fiduciary net position - beginning of fiscal year 6,945,139 7,269,966 7,536,826 Total plan fiduciary net position - end of fiscal year [B] $ 7,269,966 $ 7,536,826 $ 7,526,912 Net OPEB liability - ([A]-[B]) $ 6,618,502 $ 7,454,618 $ 9,431,063

52.35% 50.27% 44.39%
Covered payroll $ 15,438,342 $ 16,553,818 $ 19,263,105
Net OPEB liability as a percentage of covered payroll 42.87% 45.03% 48.96% Benefit payments, including refunds of member
contributions
Plan fiduciary net position as a percentage of the total OPEB liability
The schedule is intended to show information for ten years. Fiscal Year 2017-18 was the first year of implementation. Additional years will be displayed as they become available.

See accompanying note to the required supplementary information. 130

2020-21 2021-22 2022-23 2023-24 2024-25
$ 884,773 $ 909,104 $ 631,164 $ 502,442 $ 616,166
526,097 495,284 673,127 783,558 826,653
818,395 (3,077,668) (2,052,895) (181,983) (913,527)
(116,693) 324,697 (43,681) 167,773 -
(616,900) (732,681) (735,316) (790,203) (821,280)
1,495,672 (2,081,264) (1,527,601) 481,587 (291,988)
16,957,975 18,453,647 16,372,383 14,844,782 15,326,369
$ 18,453,647 $ 16,372,383 $ 14,844,782 $ 15,326,369 $ 15,034,381 $ 447,814 $ 466,846 $ 529,697 $ 491,528 $ 593,371
2,436,434 (1,174,648) 1,068,650 1,434,963 1,310,751
(616,900) (732,681) (735,316) (790,203) (821,280)
2,267,348 (1,440,483) 863,031 1,136,288 1,082,842
7,526,912 9,794,260 8,353,777 9,216,808 10,353,096
$ 9,794,260 $ 8,353,777 $ 9,216,808 $ 10,353,096 $ 11,435,938 $ 8,659,387 $ 8,018,606 $ 5,627,974 $ 4,973,273 $ 3,598,443

53.07% 51.02% 62.09% 67.55% 76.07%
$ 19,948,309 $ 22,080,455 $ 24,888,251 $ 27,643,878 $ 30,902,900

43.41% 36.32% 22.61% 17.99% 11.64%
131

City of El Paso de Robles

REQUIRED SUPPLEMENTARY INFORMATION
Notes to the Required Supplementary Information
Other Postemployment Benefits
June 30, 2025
NOTE 1 – ACTUARIAL METHODS AND ASSUMPTIONS
Actuarial Cost Method: GASB 75 requires use of the entry age actuarial cost method. Entry age is based on the age at hire for eligible employees. The attribution period is determined as the difference between the expected retirement age and the age at hire. The actuarial present value of projected benefit payments and present value of future service costs are determined on a participant-by-participant basis and then aggregated.

Substantive Plan: As required under GASB 75, the City based the valuation on the substantive plan. The formulation of the substantive plan was based on a review of written plan documents as well as historical information with respect to employer and employee contributions and other relevant factors.

NOTE 2 – ECONOMIC ASSUMPTIONS
Economic assumptions are set under the guidance of Actuarial Standard of Practice 27 (ASOP 27). Among other things, ASOP 27 provides that economic assumptions should reflect a consistent underlying rate of general inflation. For that reason, the City shows assumed long-term inflation rate below.

Inflation: Assumed 2.50% per year used for pension purposes. Actuarial standards require using the same rate for OPEB that is used for pension.

Investment Return/Discount Rate: Assumed 5.99% per year net of expenses. This is based on assumed long-term return on employer assets. The City used the “Building Block Method.” Assessment of long-term returns for employer assets is based on long-term historical returns for surplus funds invested pursuant to California Government Code Sections 53601 et seq.

Trend: Assumed 4.00% per year. Long-term trend assumption is based on the conclusion that, while medical trend will continue to be cyclical, the average increase over time cannot continue to outstrip general inflation by a wide margin. Trend increases in excess of general inflation result in dramatic increases in unemployment, the number of uninsured and the number of underinsured. These effects are nearing a tipping point which will inevitably result in fundamental changes in health care finance and/or delivery which will bring increases in health care costs more closely in line with general inflation. The City does not believe it is reasonable to project historical trend vs. inflation differences several decades into the future.

Payroll Increase: Assumed 2.75% per year. Since benefits do not depend on salary (as they do for pensions), this assumption is only used to determine the accrual pattern of the Actuarial Present Value of Projected Benefit Payments. 132

Combining and Individual Fund
Financial Statements and
Schedules
133

134

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Capital Projects Fund
For the Fiscal Year Ended June 30, 2025
Budget Actual Variance

REVENUES
Intergovernmental revenues $ 12,876,887 $ 2,640,952 $ (10,235,935) Other revenues 5,000,000 - (5,000,000)
Total revenues 17,876,887 2,640,952 (15,235,935)

EXPENDITURES
Current:

Ge General government 1,588,438 158,562 (1,429,876)
Hig Highways and streets 1,590,767 1,192,015 (398,752)
CuCulture-recreation 173,500 58,534 (114,966)
Capital outlay 121,048,574 19,112,743 (101,935,831)
Total expenditures 124,401,279 20,521,854 (103,879,425) Revenues (under) expenditures (106,524,392) (17,880,902) 88,643,490

OTHER FINANCING SOURCES (USES)
Transfers in 66,826,817 14,869,060 (51,957,757)
Issuance of debt 13,045,963 - (13,045,963)
Total other financing sources (uses) 79,872,780 14,869,060 (65,003,720) Net change in fund balance $ (26,651,612) (3,011,842) $ 23,639,770 Fund balance - July 1 29,935,377
Fund balance - June 30 $ 26,923,535
135

NONMAJOR GOVERNMENTAL FUNDS

SPECIAL REVENUE FUNDS
Special revenue funds are used to account for revenues that are restricted by law or administrative actions to expenditures for specified purposes. Nonmajor special revenue funds used by the City are listed below:

American Rescue Plan Act Fund - to account for the receipts and expenditures of money appropriated by the American Rescue Plan Act, a COVID-19 federal stimulus relief package signed by President Biden in 2021.

Citizens Option Public Safety Fund - to account for State Assembly Bill (AB) 3229 funds. Funds must be held in an interestbearing account until utilized to provide the City's matching share of Federal Citizens Option Public Safety grant.

Street Fund - to account for receipts and expenditures of money apportioned under Streets and Highway Code Sections 2105, 2106, 2107, and 2107.5 of the State of California.

Transportation Development Act Non-Transit Fund - to account for the receipt and expenditure of the 1/4% sales tax levied statewide for local transportation purposes. In 1971, the 6% sales tax levy was extended to gasoline purchases and is divided into two categories; Article 8a, which is used for streets and roads, and Article 8c, which is restricted for transit purposes.

Road Maintenance and Rehabilitation Account Fund - to account for the receipt and expenditure of the Senate Bill (SB) 1 funds and is an additional gas tax to be used toward local roads, bridges and other street-related repair and maintenance.

Voluntary Certified Access Specialist Program Fund – The Certified Access Specialist program (CASp) was created by Senate Bill 262 and is designed to meet the public’s need for experienced, trained, and tested individuals who can inspect buildings and sites for compliance with applicable state and federal construction-related accessibility standards.

Community Development Block Grant Fund - to account for Federal grant funds received from the Department of Housing and Urban Development for the rehabilitation of low- and moderate-income housing and the elimination of blight in the City.

Cal Home Loan Program Fund – to account for the funds disbursed to low- and moderate-income households for firsttime home buying and/or home improvements.

Landscape and Lighting District Fund – to account for the City’s benefit assessment district which was established to finance the ongoing maintenance and operational cost of street lighting and landscaped medians, parkways, etc.

Public, Educational, and Governmental Fund – to account for the public, educational and governmental (PEG) funds received and expended for the purpose of video production and programming of City government.

Landfill Closure, Post-Closure, and Corrective Action Fund - State Financial Assurance Mechanism regulations require landfill operators to set aside funds, or provide alternative funding mechanisms, to fund the closure, post-closure, and corrective action maintenance of landfills. The funding must be completed prior to the final date of closure. Activity for this fund has been combined with the Solid Waste Fund beginning in fiscal year 2024-25.

Community Facilities District No. 2005-1 - to account for public services such as fire protection and suppression, police protection, and recreation programs for new developments within the community facilities district boundaries.

Community Facilities District No. 2022-2N - to account for public services such as fire protection and suppression, police protection, and recreation programs for new developments within the Olsen South Chandler Ranch community facilities district boundaries.
136

NONMAJOR GOVERNMENTAL FUNDS

CAPITAL PROJECTS FUNDS
Capital project funds are restricted, committed, or assigned funds to account for capital outlay including the acquisition or construction of capital facilities and other capital assets. Nonmajor capital projects funds used by the City are listed below:

Transportation Facilities Fund - This development impact fee fund is used to assist in the funding of construction and improvements of the City’s transportation system, including bike and pedestrian path and storm drains, sufficient to accommodate future traffic demand generated by new development.

Public Safety Facilities Fund - This development impact fee fund is used to assist in funding the construction and improvements of new law enforcement and fire service facilities and equipment used to protect life and property.

General Government Facilities Fund – This development impact fee fund is used to assist in the construction and development of facilities used by the City to provide basic governmental services such as public meetings and City Hall.

Parks and Recreation Facilities Fund - This development impact fee fund is used to assist in the construction and development of public facilities which improve neighborhood and community parklands as well as an aquatics center needed to serve new development.

Library Facilities Fund - This development impact fee fund is used to assist in funding the construction and improvements of the library facility sufficient to accommodate future demand generated by new development.

Airport Road PSR Fund - to account for expenditures associated with the Project Study Report (PSR) for the intersection of Highway 46 East and Airport Road.

DEBT SERVICE FUND
Debt service funds are restricted funds that are to be used towards accumulating resources in anticipation of debt service payments, to fulfill either legal or contractual obligations. Nonmajor debt service funds used by the City are listed below:

Measure D General Obligation Bond Fund – This fund accounts for long-term debt service transactions relating to a variety of infrastructure projects funded by the voter approved Measure D General Obligation Bonds.

137

City of El Paso de Robles

COMBINING BALANCE SHEET
Nonmajor Governmental Funds
June 30, 2025
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES 111 117 200 206 Assets:

Cash and investments $ 1,361,237 $ 772,115 $ 2,568,333 $ 482,860 Accounts receivable - - 77,365 -
Interest receivable 13,942 5,541 16,939 3,239
Loans receivable - - - -
Prepaid items - 14,352 - -
Total assets 1,375,179 792,008 2,662,637 486,099
Deferred outflows of resources:

Deferred interest expense - - - -
Total deferred outflows of resources - - - -
Total assets and deferred outflows of resources $ 1,375,179 $ 792,008 $ 2,662,637 $ 486,099 Liabilities:

Accounts payable $ - $ 26,320 $ 8,419 $ -
Accrued payroll expenses - - - -
Interest payable - - - -
Unearned revenue 1,296,900 - - -
Advances payable - - - -
Total liabilities 1,296,900 26,320 8,419 -
Deferred inflows of resources:

Unavailable revenue - - - -
Total deferred inflows of resources - - - -
Fund balances (deficits):

Restricted - 765,688 2,654,218 486,099
Assigned 78,279 - - -
Unassigned - - - -
Total fund balances (deficits) 78,279 765,688 2,654,218 486,099 $ 1,375,179 $ 792,008 $ 2,662,637 $ 486,099
Special Revenue Funds

LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND

FUND BALANCES (DEFICITS)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
American
Rescue Plan Act Street
Transportation
Development Act
- Non-Transit
Citizens Option
Public Safety
138

209 210 227 233 308 409 611
$ 3,342,087 $ 143,912 $ 187,076 $ 501,597 $ 2,158,145 $ 486,803 $ - 150,918 - - - 37,994 12,181 -
21,932 945 128,701 53,093 14,033 3,258 -
- - 709,690 78,900 - - -
- - - - - - -
3,514,937 144,857 1,025,467 633,590 2,210,172 502,242 - - - - - - - -
- - - - - - -
$ 3,514,937 $ 144,857 $ 1,025,467 $ 633,590 $ 2,210,172 $ 502,242 $ - $ - $ 1,305 $ 3,876 $ - $ 99,890 $ - $ -
- - - - 3,992 - -
- - - - - - -
- - 55 - - - -
- - - - - - -
- 1,305 3,931 - 103,882 - -
- - 837,131 128,607 - - -
- - 837,131 128,607 - - -
3,514,937 143,552 184,405 504,983 2,106,290 502,242 -
- - - - - - -
- - - - - - -
3,514,937 143,552 184,405 504,983 2,106,290 502,242 -
$ 3,514,937 $ 144,857 $ 1,025,467 $ 633,590 $ 2,210,172 $ 502,242 $ - Special Revenue Funds
Road
Maintenance and
Rehabilitation
Account
Community
Development
Block Grant
Landscape and
Lighting District
Landfill Closure,
Post-closure,
and Corrective
Action
Voluntary
Certified Access
Specialist
Program
Cal Home Loan
Program
Public,
Educational, and
Governmental
139

City of El Paso de Robles

COMBINING BALANCE SHEET
Nonmajor Governmental Funds
June 30, 2025
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES 310 316
Assets:

Cash and investments $ 5,870 $ 726 $ 3,156,659 $ 1,089,847 Accounts receivable 1,131 33,805 - -
Interest receivable 1,272 157 153,131 30,894
Loans receivable - - 1,147,763 42,705
Prepaid items - - - -
Total assets 8,273 34,688 4,457,553 1,163,446
Deferred outflows of resources:

Deferred interest expense - - - -
Total deferred outflows of resources - - - -
Total assets and deferred outflows of resources $ 8,273 $ 34,688 $ 4,457,553 $ 1,163,446 Liabilities:

Accounts payable $ - $ - $ 1,046 $ -
Accrued payroll expenses - - - -
Interest payable - - - -
Unearned revenue - - - -
Advances payable - - - -
Total liabilities - - 1,046 -
Deferred inflows of resources:

Unavailable revenue - - 1,280,397 66,426
Total deferred inflows of resources - - 1,280,397 66,426 Fund balances (deficits):

Restricted 8,273 34,688 3,176,110 1,097,020
Assigned - - - -
Unassigned - - - -
Total fund balances (deficits) 8,273 34,688 3,176,110 1,097,020 $ 8,273 $ 34,688 $ 4,457,553 $ 1,163,446
Community
Facilities District
No. 2022-2N

LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND

FUND BALANCES (DEFICITS)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
Special Revenue Funds Capital Projects Funds
Transportation
Facilities
Public Safety
Facilities
Community
Facilities District
No. 2005-1
140

223 235 506
$ 10,670,423 $ 5,434,417 $ 2,519,517 $ - $ 3,396,243 $ 38,277,867 - - - - 50,506 363,900
205,514 129,195 55,002 - 20,809 857,597
475,381 464,777 153,361 - - 3,072,577
- - - - - 14,352
11,351,318 6,028,389 2,727,880 - 3,467,558 42,586,293
- - - 101,705 - 101,705
- - - 101,705 - 101,705
$ 11,351,318 $ 6,028,389 $ 2,727,880 $ 101,705 $ 3,467,558 $ 42,687,998 $ - $ - $ - $ - $ 2,250 $ 143,106
- - - - - 3,992
- - - 101,705 - 101,705
- - - - - 1,296,955
- - - 153,222 - 153,222
- - - 254,927 2,250 1,698,980
608,883 557,503 191,486 - - 3,670,433
608,883 557,503 191,486 - - 3,670,433
10,742,435 5,470,886 2,536,394 - 3,465,308 37,393,528
- - - - - 78,279
- - - (153,222) - (153,222)
10,742,435 5,470,886 2,536,394 (153,222) 3,465,308 37,318,585 $ 11,351,318 $ 6,028,389 $ 2,727,880 $ 101,705 $ 3,467,558 $ 42,687,998 Capital Projects Funds
Debt Service
Fund
Total Nonmajor
Governmental
Funds
General
Government
Facilities
Parks and
Recreation
Facilities Library Facilities Airport Road PSR
Measure D G.O.

Bond
141

City of El Paso de Robles

COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES Nonmajor Governmental Funds
For the Fiscal Year Ended June 30, 2025
REVENUES 111 117 200 206
Taxes $ - $ - $ 910,094 $ -
Use of money and property 106,824 43,021 125,753 24,648 Intergovernmental revenues 2,725,093 194,663 - 37,051
Charges for current services - - - -
Total revenues 2,831,917 237,684 1,035,847 61,699

EXPENDITURES
Current:

Ge General government 1,197,305 - - -
Pu Public safety - 9,514 - -
Hig Highways and streets - - 184,526 -
CuCulture-recreation - - - -
Ur Urban redevelopment and housing 55,500 - - -
Capital outlay - 194,827 30,553 -
Debt service:

IntInterest - - - -
PriPrincipal - - - -
Ag Agent fees - - - -
Total expenditures 1,252,805 204,341 215,079 -
1,579,112 33,343 820,768 61,699

OTHER FINANCING SOURCES (USES)
Transfers out (1,652,937) - - -
Total other financing sources (uses) (1,652,937) - - -
Net change in fund balances (deficits) (73,825) 33,343 820,768 61,699 Fund balances (deficits) - July 1 152,104 732,345 1,833,450 424,400 Fund balances (deficits) - June 30 $ 78,279 $ 765,688 $ 2,654,218 $ 486,099 - - - -
American
Rescue Plan Act Street
Transportation
Development Act
- Non-Transit
Excess (deficiency) of revenues over (under)
expenditures
Citizens Option
Public Safety
Special Revenue Funds
142

209 210 227 233 308 409 611
$ 856,414 $ - $ - $ - $ - $ - $ -
164,042 7,118 57,341 50,578 108,339 24,717 -
- - 225,241 - - - -
- 15,185 - - 2,247,199 51,312 -
1,020,456 22,303 282,582 50,578 2,355,538 76,029 -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - 2,021,429 - -
- - - - - - -
- - 22,661 - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - 22,661 - 2,021,429 - -
1,020,456 22,303 259,921 50,578 334,109 76,029 -
- - - - - - (4,959,059)
- - - - - - (4,959,059)
1,020,456 22,303 259,921 50,578 334,109 76,029 (4,959,059) 2,494,481 121,249 (75,516) 454,405 1,772,181 426,213 4,959,059 $ 3,514,937 $ 143,552 $ 184,405 $ 504,983 $ 2,106,290 $ 502,242 $ - - - - - - - -
Landfill Closure,
Post-closure,
and Corrective
Action
Road
Maintenance and
Rehabilitation
Account
Voluntary
Certified Access
Specialist
Program
Community
Development
Block Grant
Cal Home Loan
Program
Landscape and
Lighting District
Public,
Educational, and
Governmental
Special Revenue Funds
143

City of El Paso de Robles

COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES Nonmajor Governmental Funds
For the Fiscal Year Ended June 30, 2025
REVENUES 213
Taxes $ 332,468 $ 67,395 $ - $ -
Use of money and property 8,646 1,122 279,619 56,348
Intergovernmental revenues - - - -
Charges for current services - - 817,145 293,666
Total revenues 341,114 68,517 1,096,764 350,014

EXPENDITURES
Current:

Ge General government - - - -
Pu Public safety - - - -
Hig Highways and streets - - 35,324 -
CuCulture-recreation - - - -
Ur Urban redevelopment and housing - - - -
Capital outlay - - - -
Debt service:

IntInterest - - - -
PriPrincipal - - - -
Ag Agent fees - - - -
Total expenditures - - 35,324 -
341,114 68,517 1,061,440 350,014

OTHER FINANCING SOURCES (USES)
Transfers out (332,841) (33,829) (1,191,163) -
Total other financing sources (uses) (332,841) (33,829) (1,191,163) - Net change in fund balances (deficits) 8,273 34,688 (129,723) 350,014 Fund balances (deficits) - July 1 - - 3,305,833 747,006 Fund balances (deficits) - June 30 $ 8,273 $ 34,688 $ 3,176,110 $ 1,097,020 - - - -
Capital Projects Funds
Excess (deficiency) of revenues over (under)
expenditures
Transportation
Facilities
Public Safety
CFD No. 2005-1 Facilities
CFD No. 2022-
2N
Special Revenue Funds
144

223 235 506
$ - $ - $ - $ - $ 2,728,669 $ 4,895,040
554,687 315,269 134,867 - 128,085 2,191,024
- - - - - 3,182,048
679,122 85,628 163,288 - - 4,352,545
1,233,809 400,897 298,155 - 2,856,754 14,620,657
- - - - 2,250 1,199,555
- - - - - 9,514
- - - - - 219,850
- 3,000 - - - 2,024,429
- - - - - 55,500
- - - - - 248,041
-
- - - - 653,430 653,430
- - - - 1,597,320 1,597,320
- - - - 1,780 1,780
- 3,000 - - 2,254,780 6,009,419
1,233,809 397,897 298,155 - 601,974 8,611,238
(184,833) - - - - (8,354,662)
(184,833) - - - - (8,354,662)
1,048,976 397,897 298,155 - 601,974 256,576
9,693,459 5,072,989 2,238,239 (153,222) 2,863,334 37,062,009 $ 10,742,435 $ 5,470,886 $ 2,536,394 $ (153,222) $ 3,465,308 $ 37,318,585 - - - - - -
Airport Road PSR
Measure D G.O.

Bond
Total
Governmental
Funds
General
Government
Facilities
Parks and
Recreation
Facilities Library Facilities
Debt Service
Capital Projects Funds Fund
145

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL American Rescue Plan Act Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ 50,000 $ 106,824 $ 56,824
Intergovernmental revenues 4,945,625 2,725,093 (2,220,532) Total revenues 4,995,625 2,831,917 (2,163,708)

EXPENDITURES
Current:

Ge General government 1,197,305 1,197,305 -
Ur Urban redevelopment and housing 111,500 55,500 (56,000) Total expenditures 1,308,805 1,252,805 (56,000)
Revenues over expenditures 3,686,820 1,579,112 (2,107,708)

OTHER FINANCING SOURCES (USES)
Transfers out (2,810,028) (1,652,937) 1,157,091
Total other financing sources (uses) (2,810,028) (1,652,937) 1,157,091 Net change in fund balance $ 876,792 (73,825) $ (950,617) Fund balance - July 1 152,104
Fund balance - June 30 $ 78,279
146

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Citizens Option Public Safety Special Revenue Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ 5,000 $ 43,021 $ 38,021
Intergovernmental revenues 200,000 194,663 (5,337)
Total revenues 205,000 237,684 32,684

EXPENDITURES
Current:

Pu Public safety - 9,514 9,514
Capital outlay 340,000 194,827 (145,173)
Total expenditures 340,000 204,341 (135,659)
Net change in fund balance $ (135,000) 33,343 $ 168,343 Fund balance - July 1 732,345
Fund balance - June 30 $ 765,688
147

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Street Fund Special Revenue Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Taxes $ 890,000 $ 910,094 $ 20,094
Use of money and property - 125,753 125,753
Total revenues 890,000 1,035,847 145,847

EXPENDITURES
Current:

Hig Highways and streets 647,968 184,526 (463,442)
Capital outlay 1,675,000 30,553 (1,644,447)
Total expenditures 2,322,968 215,079 (2,107,889)
Revenues over expenditures (1,432,968) 820,768 2,253,736

OTHER FINANCING SOURCES (USES)
Transfers out (500,000) - 500,000
Total other financing sources (uses) (500,000) - 500,000 Net change in fund balance $ (1,932,968) 820,768 $ 2,753,736 Fund balance - July 1 1,833,450
Fund balance - June 30 $ 2,654,218
148

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Transportation Development Act - Non-Transit Special Revenue Fund For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ 2,000 $ 24,648 $ 22,648
Intergovernmental revenues 30,000 37,051 7,051
Total revenues 32,000 61,699 29,699
Net change in fund balance $ 32,000 61,699 $ 29,699
Fund balance - July 1 424,400
Fund balance - June 30 $ 486,099
149

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Road Maintenance and Rehabilitation Account Special Revenue Fund For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Taxes $ 802,500 $ 856,414 $ 53,914
Use of money and property - 164,042 164,042
Total revenues 802,500 1,020,456 217,956

OTHER FINANCING SOURCES (USES)
Transfers out (3,155,800) - 3,155,800
Total other financing sources (uses) (3,155,800) - 3,155,800 Net change in fund balance $ (2,353,300) 1,020,456 $ 3,373,756 Fund balance - July 1 2,494,481
Fund balance - June 30 $ 3,514,937
150

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Voluntary Certified Access Specialist Program Special Revenue Fund For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ - $ 7,118 $ 7,118
Charges for current services 15,000 15,185 185
Total revenues 15,000 22,303 7,303
Net change in fund balance $ 15,000 22,303 $ 7,303
Fund balance - July 1 121,249
Fund balance - June 30 $ 143,552
151

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Community Development Block Grant Special Revenue Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ - $ 57,341 $ 57,341
Intergovernmental revenues 380,501 225,241 (155,260)
Total revenues 380,501 282,582 (97,919)

EXPENDITURES
Current:

He Health and welfare 45,683 - (45,683)
Capital outlay 334,818 22,661 (312,157)
Total expenditures 380,501 22,661 (357,840)
Net change in fund balance $ - 259,921 $ 259,921
Fund deficit - July 1 (75,516)
Fund balance - June 30 $ 184,405
152

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Cal Home Loan Program Special Revenue Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ 3,500 $ 50,578 $ 47,078
Total revenues 3,500 50,578 47,078
Net change in fund balance $ 3,500 50,578 $ 47,078
Fund balance - July 1 454,405
Fund balance - June 30 $ 504,983
153

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Landscape and Lighting District Special Revenue Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ 10,000 $ 108,339 $ 98,339
Charges for current services 2,353,000 2,247,199 (105,801) Total revenues 2,363,000 2,355,538 (7,462)

EXPENDITURES
Current:

CuCulture-recreation 4,136,681 2,021,429 (2,115,252)
Total expenditures 4,136,681 2,021,429 (2,115,252)
Net change in fund balance $ (1,773,681) 334,109 $ 2,107,790 Fund balance - July 1 1,772,181
Fund balance - June 30 $ 2,106,290
154

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Public, Educational, and Governmental Special Revenue Fund For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ 5,000 $ 24,717 $ 19,717
Charges for current services 55,000 51,312 (3,688)
Total revenues 60,000 76,029 16,029

OTHER FINANCING SOURCES (USES)
Transfers out (323,730) - 323,730
Total other financing sources (uses) (323,730) - 323,730 Net change in fund balance $ (263,730) 76,029 $ 339,759 Fund balance - July 1 426,213
Fund balance - June 30 $ 502,242
155

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Landfill Closure, Post-Closure, and Corrective Action Special Revenue Fund For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ - $ - $ -
Total revenues - - -

EXPENDITURES
Current:

Sa Sanitation - - -
Total expenditures - - -
Revenues over expenditures - - -

OTHER FINANCING SOURCES (USES)
Transfers out (4,959,059) (4,959,059) -
Total other financing sources (use) (4,959,059) (4,959,059) - Net change in fund balance $ (4,959,059) (4,959,059) $ - Fund balance - July 1 4,959,059
Fund balance - June 30 $ -
156

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL CFD No. 2005-1 Special Revenue Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Taxes $ 335,000 $ 332,468 $ (2,532)
Use of money and property - 8,646 8,646
Total revenues 335,000 341,114 6,114

OTHER FINANCING SOURCES (USES)
Transfers out (335,000) (332,841) 2,159
Total other financing sources (uses) (335,000) (332,841) 2,159 Net change in fund balance $ - 8,273 $ 8,273
Fund balance - July 1 -
Fund balance - June 30 $ 8,273
157

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL CFD No. 2022-2N Special Revenue Fund
For the Fiscal Year Ended June 30, 2025
Budget Actual Variance

REVENUES
Taxes $ 34,000 $ 67,395 $ 33,395
Use of money and property - 1,122 1,122
Total revenues 34,000 68,517 34,517

OTHER FINANCING SOURCES (USES)
Transfers out (34,000) (33,829) 171
Total other financing sources (uses) (34,000) (33,829) 171 Net change in fund balance $ - 34,688 $ 34,688
Fund balance - July 1 -
Fund balance - June 30 $ 34,688
158

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Transportation Facilities Capital Projects Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ 62,000 $ 279,619 $ 217,619
Charges for current services 843,900 817,145 (26,755)
Total revenues 905,900 1,096,764 190,864

EXPENDITURES
Current:

Hig Highways and streets 55,900 35,324 (20,576)
Total expenditures 55,900 35,324 (20,576)
Revenues over expenditures 850,000 1,061,440 211,440

OTHER FINANCING SOURCES (USES)
Transfers out (14,878,508) (1,191,163) 13,687,345
Total other financing sources (uses) (14,878,508) (1,191,163) 13,687,345 Net change in fund balance $ (14,028,508) (129,723) $ 13,898,785 Fund balance - July 1 3,305,833
Fund balance - June 30 $ 3,176,110
159

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Public Safety Facilities Capital Projects Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ 10,000 $ 56,348 $ 46,348
Charges for current services 413,600 293,666 (119,934)
Total revenues 423,600 350,014 (73,586)

EXPENDITURES
Capital outlay 123,345 - (123,345)
Total expenditures 123,345 - (123,345)
Net change in fund balances $ 300,255 350,014 $ 49,759
Fund balance - July 1 747,006
Fund balance - June 30 $ 1,097,020
160

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL General Government Facilities Capital Projects Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ 70,000 $ 554,687 $ 484,687
Charges for current services 1,089,800 679,122 (410,678) Total revenues 1,159,800 1,233,809 74,009

OTHER FINANCING SOURCES (USES)
Transfers out (10,185,800) (184,833) 10,000,967
Total other financing sources (uses) (10,185,800) (184,833) 10,000,967 Net change in fund balance $ (9,026,000) 1,048,976 $ 10,074,976 Fund balance - July 1 9,693,459
Fund balance - June 30 $ 10,742,435
161

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Parks and Recreation Facilities Capital Projects Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ 52,000 $ 315,269 $ 263,269
Charges for current services 152,800 85,628 (67,172)
Total revenues 204,800 400,897 196,097

EXPENDITURES
Current:

CuCulture-recreation - 3,000 3,000
Total expenditures - 3,000 3,000
Revenues over expenditures 204,800 397,897 193,097

OTHER FINANCING SOURCES (USES)
Transfers out (1,205,790) - 1,205,790
Total other financing sources (uses) (1,205,790) - 1,205,790 Net change in fund balance $ (1,000,990) 397,897 $ 1,398,887 Fund balance - July 1 5,072,989
Fund balance - June 30 $ 5,470,886
162

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Library Facilities Capital Projects Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Use of money and property $ 25,000 $ 134,867 $ 109,867
Charges for current services 520,800 163,288 (357,512)
Total revenues 545,800 298,155 (247,645)
Net change in fund balance $ 545,800 298,155 $ (247,645) Fund balance - July 1 2,238,239
Fund balance - June 30 $ 2,536,394
163

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Airport Road PSR Capital Projects Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Taxes $ - $ - $ -
Total revenues - - -
Net change in fund deficit $ - - $ -
Fund deficit - July 1 (153,222)
Fund deficit - June 30 $ (153,222)
164

City of El Paso de Robles

SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET TO ACTUAL Measure D G.O. Bond Debt Service Fund
For the Fiscal Year Ended June 30, 2025
Final Budget Actual Variance

REVENUES
Taxes $ 1,827,700 $ 2,728,669 $ 900,969
Use of money and property - 128,085 128,085
Total revenues 1,827,700 2,856,754 1,029,054

EXPENDITURES
Current:

Ge General government - 2,250 2,250
Debt service: - -
IntInterest 653,400 653,430 30
PriPrincipal 1,597,300 1,597,320 20
Ag Agent fees 2,000 1,780 (220)
Total expenditures 2,252,700 2,254,780 2,080
Net change in fund balance $ (425,000) 601,974 $ 1,026,974 Fund balance - July 1 2,863,334
Fund balance - June 30 $ 3,465,308
165

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166

INTERNAL SERVICE FUNDS
An internal service fund is used to report any activity that provides goods or services to other funds, departments, or agencies of the primary government, such as vehicles and equipment. Like Enterprise Funds, Internal Service Funds are generally reported as proprietary funds. Incorporating internal services funds allows for better transparency as to what the total cost of information technology (IT), fleet maintenance, and risk management functions are, as well as how much of each fund is contributing towards these services.

Information Technology Internal Service Fund
This fund supports the operations of information systems citywide, including the maintenance and replacement of IT equipment.

Fleet and Equipment Internal Service Fund
This fund supports the operations of fleet and equipment citywide, including the maintenance and replacement of vehicles.

Risk Management Internal Services Fund
This fund supports the operations of the city’s risk and general liability programs citywide. 167

City of El Paso de Robles

COMBINING STATEMENT OF NET POSITION
Internal Service Funds
June 30, 2025
ASSETS 112 125 128
Current assets:

Ca Cash and investments $ 1,948,611 $ 8,681,822 $ 151,421 $ 10,781,854 Ac Accounts receivable - - 34,337 34,337
Int Interest receivable 11,055 61,399 1,069 73,523
Pre Prepaid items 22,320 - 650,158 672,478
0 Total current assets 1,981,986 8,743,221 836,985 11,562,192 0 Noncurrent assets:

Capital assets:

NoNoNondepreciable capital assets - 281,935 - 281,935
Ne Net depreciable capital assets 1,573,147 8,986,267 - 10,559,414 Ne Ne Net intangible right-to-use assets 117,094 - - 117,094 0 Total noncurrent assets 1,690,241 9,268,202 - 10,958,443 Total assets 3,672,227 18,011,423 836,985 22,520,635

DEFERRED OUTFLOWS OF RESOURCES
Deferred other post-employment benefits (OPEB) 12,419 8,990 1,219 22,628 Deferred pensions outflows 298,304 134,745 - 433,049
Total deferred outflows of resources 310,723 143,735 1,219 455,677

LIABILITIES
Current liabilities:

Ac Accounts payable 29,905 114,925 91 144,921
Ac Accrued payroll expenses 19,752 11,198 2,254 33,204
Co Compensated absences due within one year 12,898 2,514 - 15,412 Su Subscriptions due within one year 38,283 - - 38,283
Total current liabilities 100,838 128,637 2,345 231,820 Noncurrent liabilities:

Co Compensated absences 56,150 39,800 - 95,950
Su Subscription liability 61,898 - - 61,898
Ne Net OPEB liability 58,655 42,462 5,758 106,875
Ne Net pension liability 1,128,785 509,877 - 1,638,662
Total noncurrent liabilities 1,305,488 592,139 5,758 1,903,385 Total liabilities 1,406,326 720,776 8,103 2,135,205

DEFERRED INFLOWS OF RESOURCES
Deferred OPEB 83,055 60,126 8,153 151,334
Deferred pensions inflows 4,561 2,060 - 6,621
Total deferred inflows of resources 87,616 62,186 8,153 157,955

NET POSITION
Net investment in capital assets 1,590,060 9,268,202 - 10,858,262 Unrestricted 898,948 8,103,994 821,948 9,824,890
Total net position $ 2,489,008 $ 17,372,196 $ 821,948 $ 20,683,152 Total
Fleet and
Equipment Risk Management
Information
Technology
168

City of El Paso de Robles

COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION Internal Service Funds
For the Fiscal Year Ended June 30, 2025

OPERATING REVENUES
Charges for current services $ 2,551,000 $ 3,448,970 $ 2,185,400 $ 8,185,370 Other revenues - 181,957 52,703 234,660
Total operating revenues 2,551,000 3,630,927 2,238,103 8,420,030

OPERATING EXPENSES
Salaries and benefits 1,007,037 551,194 101,667 1,659,898 Maintenance and operations 1,185,871 700,647 2,027,216 3,913,734 Depreciation and amortization 333,659 1,259,263 - 1,592,922 Total operating expenses 2,526,567 2,511,104 2,128,883 7,166,554 Operating income 24,433 1,119,823 109,220 1,253,476

NONOPERATING REVENUES (EXPENSES)
Investment income (loss) 87,899 496,718 10,159 594,776
Ga Gain on disposal of capital asset - 109,925 - 109,925 Interest expense - 710 - 710
87,899 607,353 10,159 705,411
112,332 1,727,176 119,379 1,958,887
Capital grants and contributions - 288,000 - 288,000
Change in net position 112,332 2,015,176 119,379 2,246,887 Net position - July 1 2,376,676 15,357,020 702,569 18,436,265 Net position - June 30 $ 2,489,008 $ 17,372,196 $ 821,948 $ 20,683,152 - - -
Total nonoperating revenues (expenses)
Income (loss) before capital grants and
contributions and transfers
Risk Management Total
Fleet and
Equipment
Information
Technology
169

City of El Paso de Robles

COMBINING STATEMENT OF CASH FLOWS
Internal Service Funds
For the Fiscal Year Ended June 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers and other agencies $ 2,551,000 $ 3,754,505 $ 2,226,372 $ 8,531,877 Payments to employees (925,788) (513,168) (104,204) (1,543,160) Payments to suppliers (1,165,174) (699,053) (2,073,247) (3,937,474) Net cash provided by operating activities 460,038 2,542,284 48,921 3,051,243 Purchase of capital assets (165,900) (3,034,487) - (3,200,387) Subscription payments made (66,120) - - (66,120)
Debt payments made - (84,178) - (84,178)
Interest payments made - (1,696) - (1,696)
Proceeds from sale of capital assets - 109,925 - 109,925 (232,020) (3,010,436) - (3,242,456)

CASH FLOWS FROM INVESTING ACTIVITIES
Net investment income received 85,828 488,802 9,681 584,311 Net cash provided by investing activities 85,828 488,802 9,681 584,311 313,846 20,650 58,602 393,098
Cash and cash equivalents - beginning of fiscal year 1,634,765 8,661,172 92,819 10,388,756 Cash and cash equivalents - end of fiscal year $ 1,948,611 $ 8,681,822 $ 151,421 $ 10,781,854 1,948,611 8,681,822 151,421 Continued
- - - 10,781,854
-
Risk Management Total
Fleet and
Equipment
Information
Technology
Net cash used by capital and related financing
activities
Net increase in cash and cash equivalents

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
170

City of El Paso de Robles
COMBINING STATEMENT OF CASH FLOWS (continued)
Internal Service Funds
For the Fiscal Year Ended June 30, 2025
Operating income $ 24,433 $ 1,119,823 $ 109,220 $ 1,253,476 Adjustments to reconcile operating activities:

Depreciation and amortization expense 333,659 1,259,263 - 1,592,922 Accounts receivable - 123,578 (11,731) 111,847
Prepaid items 4,735 - (46,122) (41,387)
Deferred outflows of resources for pensions (13,372) (5,548) 468 (18,452) Deferred outflows of resources for OPEB (8,078) (6,052) (1,219) (15,349) Accounts payable 15,962 1,594 91 17,647
Accrued payroll expenses 3,628 2,258 520 6,406
Compensated absences 4,994 1,919 - 6,913
Net OPEB liability (24,399) (13,736) (3,194) (41,329)
Net pension liability 107,397 46,748 - 154,145
Deferred inflows of resources for pensions (4,573) (2,081) - (6,654) Deferred inflows of resources for OPEB 15,652 14,518 888 31,058 Net cash provided by operating activities $ 460,038 $ 2,542,284 $ 48,921 $ 3,051,243 48,921
Non-cash activity: -
Contributed capital asset $ - $ 288,000 $ - $ 288,000
Risk Management Total
Fleet and
Equipment
Information
Technology
Changes in assets, deferred outflows of
resources, liabilities and deferred inflows of
resources:

Reconciliation of operating income to net cash
provided by operating activities:
171

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172

CUSTODIAL FUNDS

Custodial Funds are reported using the economic resources measurement focus and the full accrual basis of accounting.

Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place. These funds are used to account for assets held by the City for individuals, private organizations, other governmental units, and/or other funds, and therefore, they cannot be used to support the government's own programs.

War Memorial Hospital Scholarship Fund
This fund accounts for money held towards scholarships for graduated local high school students who undertake courses in the medical field; scholarships are awarded by the Paso Robles Joint Unified School District.

Business Improvement Area Fund
This fund accounts for money collected for the Business Improvement Area to be used by the Downtown Mainstreet Association to provide various improvements in the downtown area.

Community Facilities District No. 2022-1N, Improvement Area No. 4 This fund accounts for special taxes authorized to be levied for the purpose of paying the costs of the design, construction, acquisition of public improvements within the Olsen-South Chandler Ranch Specific Plan, or to pay other obligations of the City and the Community Facilities District related to such improvements, and paying principal of and interest on bonds with respect to the Improvement Area, the proceeds of which are being used to finance all or a portion of the improvements.
173

City of El Paso de Robles

COMBINING STATEMENT OF FIDUCIARY NET POSITION
Custodial Funds
Total
ASSETS 402 405 314
Cash and cash equivalents $ 118,565 $ 18,530 $ 230,291 $ 367,386 Interest receivable 800 - 1,555 2,355
Accounts receivable - - 221,758 221,758
Total assets 119,365 18,530 453,604 591,499
0 LIABILITIES
Accounts payable - 18,530 - 18,530
Total liabilities - 18,530 - 18,530

NET POSITION
Restricted for:
119,365 - 453,604 572,969
Total net position $ 119,365 $ - $ 453,604 $ 572,969
June 30, 2025
War Memorial
Hospital
Scholarship
Business
Improvement Area
CFD No. 2022-1N
Improvement Area
No. 4
Individuals, organizations, and other
governments
174

City of El Paso de Robles

COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION Custodial Funds
For the Fiscal Year Ended June 30, 2025

ADDITIONS
Use of money and property $ 6,131 $ - $ 10,303 $ 16,434 Assessments - 18,483 443,301 461,784
Total additions 6,131 18,483 453,604 478,218

DELETIONS
Beneficiary payments - 18,483 - 18,483
Total deletions - 18,483 - 18,483
Change in net position 6,131 - 453,604 459,735
Net position - July 1 113,234 - - 113,234
Net position - June 30 $ 119,365 $ - $ 453,604 $ 572,969 - - -
Total
War Memorial
Hospital
Scholarship
Business
Improvement Area
CFD No. 2022-1N
Improvement Area
No. 4
175

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176

Statistical Section
This part of the Annual Comprehensive Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City’s overall financial health.

Financial Trend Data These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time.

Revenue Capacity Data These schedules contain trend information to help the reader assess the City’s most significant local revenue source, the sales, property, and transient occupancy taxes.

Debt Capacity Data These schedules present information to help the reader assess the affordability of the City’s current level of outstanding debt and the City’s ability to issue additional debt in the future.

Demographic and Economic
Information These schedules offer demographic and economic indicators to help the reader understand the environment within the City’s financial activities take place.

Operating Information These schedules contain service and infrastructure data to help the read understand how the information in the City’s financial report relates to the services the City provides and the activities it performs.

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177

City of El Paso de Robles

NET POSITION BY COMPONENT
Last Ten Fiscal Years
2015-16 2016-17 2017-18 2018-19
Governmental Activities
Net investment in capital assets $ 158,677,706 $ 164,498,515 $ 165,217,272 $ 170,523,910 Restricted 36,178,938 37,112,951 28,249,966 22,417,524
Unrestricted (680,702) 4,551,023 5,499,492 15,201,334
Total governmental activities net position $ 194,175,942 $ 206,162,489 $198,966,730 $ 208,142,768 Business-Type Activities
Net investment in capital assets $ 75,463,778 $ 77,831,910 $ 80,955,731 $ 71,858,414 Restricted - 9,394,686 9,790,196 9,526,934
Unrestricted 18,211,973 8,093,552 2,452,843 10,549,846
Total business-type activities net position $ 95,320,148 $ 95,320,148 $ 93,198,770 $ 91,935,194 Primary Government
Net investment in capital assets $ 234,141,484 $ 242,330,425 $ 246,173,003 $ 242,382,324 Restricted 36,178,938 46,507,637 38,040,162 31,944,458
Unrestricted 17,531,271 12,644,575 7,952,335 25,751,180 Total primary government $ 287,851,693 $ 301,482,637 $292,165,500 $ 300,077,962 178

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
$ 176,101,123 $ 190,141,957 $ 200,336,981 $ 216,455,421 $ 222,967,391 $ 238,975,452 21,351,434 30,096,396 30,895,914 31,663,321 40,530,502 40,604,025 16,237,074 5,477,801 32,476,707 30,953,901 43,894,093 51,865,744 $ 213,689,631 $ 225,716,154 $ 263,709,602 $ 279,072,643 $307,391,986 $ 331,445,221 $ 85,454,847 $ 87,809,962 $ 87,509,379 $ 85,746,827 $ 92,888,464 $ 101,007,743 7,512,910 8,522,563 3,152,473 3,152,473 2,647,831 2,993,914 4,177,514 1,951,785 14,827,689 25,191,621 30,315,058 37,167,029 $ 97,145,271 $ 98,284,310 $ 105,489,541 $ 114,090,921 $ 125,851,353 $ 141,168,686 $ 261,555,970 $ 277,951,919 $ 287,846,360 $ 302,202,248 $315,855,855 $ 339,983,195 28,864,344 38,618,959 34,048,387 34,815,794 43,178,333 43,597,939 20,414,588 7,429,586 47,304,396 56,145,522 74,209,151 89,032,773 $ 310,834,902 $ 324,000,464 $ 369,199,143 $ 393,163,564 $ 433,243,339 $ 472,613,907 179

City of El Paso de Robles

CHANGES IN NET POSITION
Last Ten Fiscal Years
2015-16 2016-17 2017-18 2018-19

PRIMARY GOVERNMENT EXPENSES
Governmental activities:

General government $ 5,633,775 $ 5,397,984 $ 4,775,437 $ 5,784,275 Public safety 14,314,322 14,706,318 16,999,236 17,474,064 Public works 11,566,256 7,488,142 8,948,531 8,031,210
Highways and streets - - - -
Sanitation - - - -
Health and welfare - - - -
Library and recreation services 2,479,480 - - -
Culture-recreation - - - -
Urban redevelopment and housing - - - -
Community services - 7,890,550 8,158,759 9,381,723
Community development 2,242,176 3,149,976 3,164,575 3,464,646 Economic development and assistance - - - -
Interest expense on long-term debt 1,646,147 1,423,147 1,283,939 1,454,855 Intergovernmental - - - -
Total governmental activities expenses 37,882,156 40,056,117 43,330,477 45,590,773 Business-type activities:

Water operations 11,926,648 11,655,073 14,104,846 14,974,560 Wastewater operations 8,245,447 7,769,493 10,295,996 10,094,911 Airport operations 806,362 645,795 1,136,258 921,562
Sanitation operations - - - -
Transit operations 14,082 16,080 38,022 33,136
Parking operations - - - 115,946
Total business-type activities 20,992,539 20,086,441 25,575,122 26,140,115 Total primary government expenses $ 58,874,695 $ 60,142,558 $ 68,905,599 $ 71,730,888

PRIMARY GOVERNMENT PROGRAM REVENUES
Governmental activities:

Charges for services:

General government $ 501,011 $ 745,517 $ 468,888 $ 764,611 Public safety 341,437 1,079,294 1,123,683 1,123,335
Public works 1,469,761 3,009,284 1,062,987 1,990,874
Highways and streets - - - -
Sanitation - - - -
Health and welfare - - - -
Library and recreation services 451,606 - - -
Culture-recreation - - - -
Community services - 1,159,914 584,777 729,478
Community development 293,142 1,211,108 881,984 1,188,949 Economic development and assistance - - - -
Operating grants and contributions 3,284,350 683,988 862,329 2,676,055 Capital grants and contributions 3,675 1,934,046 1,436,669 1,531,307 Total governmental activities program revenues 6,344,982 9,823,151 6,421,317 10,004,609 180

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
$ 7,127,551 $ 8,760,152 $ 4,255,252 $ 8,296,909 $ 9,981,790 $ 10,652,789 19,350,278 21,295,400 18,873,101 32,518,993 27,936,473 30,049,973 8,458,603 - - - - -
- 8,360,549 9,437,822 10,714,433 12,416,189 13,164,961
- 469,600 486,619 937,337 1,065,977 -
- 174,247 21,118 83,774 15,512 -
- - - - - -
- 7,495,360 8,944,983 9,258,774 10,342,825 10,544,711
- - - 169,869 246,065 328,154
9,127,658 - - - - -
3,997,039 - - - - -
- 244,485 632,370 919,319 679,788 665,373
1,025,335 722,692 728,305 1,133,573 324,439 541,170
- 138,763 - - - -
49,086,464 47,661,248 43,379,570 64,032,981 63,009,058 65,947,131 13,263,669 14,872,130 13,916,471 14,052,151 14,613,298 15,623,330 9,931,389 9,644,890 10,051,515 9,518,425 10,883,990 11,072,143 962,924 1,139,219 1,384,856 1,016,792 1,540,919 1,940,942 - - - - - 3,228,895
33,136 33,136 33,136 33,136 33,136 33,136
525,625 314,373 481,163 769,332 248,020 165,485
24,716,743 26,003,748 25,867,141 25,389,836 27,319,363 32,063,931 $ 73,803,207 $ 73,664,996 $ 69,246,711 $ 89,422,817 $ 90,328,421 $ 98,011,062 $ 542,318 $ 1,091,835 $ 1,300,883 1,493,058 1,093,363 $ 1,288,952 1,089,338 2,301,599 2,804,134 3,018,408 3,194,434 4,217,755 291,312 - - - - -
- 855,280 1,335,911 3,626,819 3,200,961 1,417,413
- - - - 190,000 -
- - - 15,896 - -
- - - - - -
- 2,111,646 3,250,250 1,271,674 539,550 2,883,912
293,677 - - - - -
1,397,003 - - - - -
- - 7,884 - - -
4,181,472 2,907,433 2,384,482 1,422,500 1,072,754 1,126,087 2,274,289 778,919 7,046,952 1,057,737 6,554,131 7,265,950 10,069,409 10,046,712 18,130,496 11,906,092 15,845,193 18,200,069 Continued
181

City of El Paso de Robles
CHANGES IN NET POSITION (continued)
Last Ten Fiscal Years
2015-16 2016-17 2017-18 2018-19
PRIMARY GOVERNMENT PROGRAM REVENUES - continued
Business-type activities:

Charges for services:

Water operations $ 8,770,194 $ 11,890,095 $ 13,925,852 $ 14,422,756 Wastewater operations 8,530,227 10,785,883 9,646,029 10,028,654 Airport operations 698,523 833,242 728,473 774,954
Sanitation operations - - - -
Transit operations - - - -
Parking operations - - - 5,430
Operating grants and contributions 347,283 215,201 252,609 385,686 Capital grants and contributions 2,626,726 538,688 1,517,668 119,973 20,972,953 24,263,109 26,070,631 25,737,453
Total primary government program revenues $ 27,317,935 $ 34,086,260 $ 32,491,948 $ 35,742,062 Net revenue (expense)
Governmental activities $ (31,537,174) $ (30,232,966) $ (36,909,160) $ (35,586,164) Business-type activities (19,586) 4,176,668 495,509 (402,662) Total primary government net expense $ (31,556,760) $ (26,056,298) $ (36,413,651) $ (35,988,826) Governmental activities:

Taxes:

Property taxes $ 13,478,558 $ 13,771,455 $ 14,616,915 $ 13,548,133 Sales and use taxes 14,416,282 14,499,567 15,393,096 15,918,181 Transient occupancy taxes 4,740,344 5,417,254 5,619,769 6,248,573 Other taxes 3,259,467 4,494,011 4,518,023 4,653,114
From other agencies 141,414 - - -
Licenses and permits 1,322,970 - - -
Use of money and property 2,621,958 483,455 419,475 3,068,936 Other revenues 4,184,392 1,065,848 262,935 680,588
Transfers 936,278 1,144,479 1,058,488 1,673,574
Total governmental activities 45,101,663 40,876,069 41,888,701 45,791,099 Business-type activities:

Property taxes 544 53,749 61,526 64,571
From other agencies 330,511 - - -
Use of money and property 452,846 46,082 (92,178) 715,384 Other revenues - 18,791 13,377 32,705
Transfers (936,278) (1,144,479) (1,058,488) (1,673,574) Total business-type activities (152,377) (1,025,857) (1,075,763) (860,914) $ 44,949,286 $ 39,850,212 $ 40,812,938 $ 44,930,185

CHANGE IN NET POSITION
Governmental activities $ 13,564,489 $ 10,643,103 $ 4,979,541 $ 10,204,935 Business-type activities (171,963) 3,150,811 (580,254) (1,263,576) Total primary government $ 13,392,526 $ 13,793,914 $ 4,399,287 $ 8,941,359 Total business-type activities program revenues

GENERAL REVENUES AND OTHER CHANGES IN NET

POSITION
Total primary government general revenues and
other changes in net position
182

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
$ 15,374,288 $ 17,048,741 $ 17,616,104 $ 17,792,089 $ 17,765,029 $ 22,053,415 9,650,927 9,667,716 12,269,500 13,374,038 13,513,925 14,912,365 793,374 938,252 912,473 1,070,782 1,337,952 1,313,413
- - - - - 3,070,872
- - - - - -
50,197 95,890 408,640 635,777 416,738 27,356
564,753 839,916 1,441,502 1,161,862 919,148 885,500
4,056,160 39,518 1,584,698 166,029 3,965,388 916,634
30,489,699 28,630,033 34,232,917 34,200,577 37,918,180 43,179,555 $ 40,559,108 $ 38,676,745 $ 52,363,413 $ 46,106,669 $ 53,763,373 $ 61,379,624 $ (39,017,055) $ (37,614,536) $ (25,249,074) $ (52,126,899) $ (47,163,865) $ (47,747,062) 5,772,956 2,626,285 8,365,776 8,810,741 10,598,817 11,115,624 $ (33,244,099) $ (34,988,251) $ (16,883,298) $ (43,316,158) $ (36,565,048) $ (36,631,438) $ 14,247,879 $ 14,012,627 $ 14,765,732 $ 15,779,797 $ 16,888,628 $ 16,976,980 15,114,426 20,948,802 33,540,805 33,546,372 33,899,432 33,231,399 5,110,558 7,132,691 9,803,368 9,824,200 9,946,197 9,705,846 4,589,221 4,928,368 5,125,133 5,972,504 6,112,116 5,643,609 - - - - - -
- - - - - -
3,622,862 878,321 (1,241,190) 1,885,763 6,908,992 7,003,763 579,318 210,487 408,299 19,996 800,279 174,437
1,299,654 1,529,763 840,375 802,286 927,564 (1,162,531) 44,563,918 49,641,059 63,242,522 67,830,918 75,483,208 71,573,503 65,132 61,505 70,482 84,111 89,898 113,692
- - - - - -
660,700 (50,046) (415,414) 452,761 1,954,886 2,725,569
10,943 31,058 24,762 56,053 44,395 93,853
(1,299,654) (1,529,763) (840,375) (802,286) (927,564) 1,162,531 (562,879) (1,487,246) (1,160,545) (209,361) 1,161,615 4,095,645 $ 44,001,039 $ 48,153,813 $ 62,081,977 $ 67,621,557 $ 76,644,823 $ 75,669,148 $ 5,546,863 $ 12,026,523 $ 37,993,448 $ 15,704,029 $ 28,319,343 $ 23,826,441 5,210,077 1,139,039 7,205,231 8,601,380 11,760,432 15,211,269 $ 10,756,940 $ 13,165,562 $ 45,198,679 $ 24,305,409 $ 40,079,775 $ 39,037,710 Concluded
183

City of El Paso de Robles

FUND BALANCES OF GOVERNMENTAL FUNDS
Last Ten Fiscal Years
2015-16 2016-17 2017-18 2018-19

GENERAL FUND
Nonspendable $ 3,018,269 $ 2,979,382 $ 4,267,691 $ 4,962,449 Restricted 605,304 - - -
Committed - - 13,248,022 -
Assigned 4,934,805 5,363,864 7,758,170 7,291,793
Unassigned 20,173,754 21,276,546 11,358,370 16,586,068
Total general fund $ 28,732,132 $ 29,619,792 $ 36,632,253 $ 28,840,310

ALL OTHER GOVERNMENTAL FUNDS
Restricted $ 27,919,739 $ 29,510,502 $ 29,000,127 $ 30,535,097 Committed - - - 8,757,368
Assigned - - - 2,138,484
Unassigned (2,193,048) (2,202,969) (1,601,942) (1,567,062) Total all other governmental funds $ 25,726,691 $ 27,307,533 $ 27,398,185 $ 39,863,887 184

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
$ 3,210,275 $ 3,298,817 $ 2,751,041 $ 2,711,916 $ 3,098,040 $ 3,118,401 - - - - - -
- - - - - -
9,650,317 5,135,554 632,738 1,096,967 4,794,985 4,133,334 17,818,746 23,460,887 27,029,740 21,019,448 17,714,177 15,985,823 $ 30,679,338 $ 31,895,258 $ 30,413,519 $ 24,828,331 $ 25,607,202 $ 23,237,558 $ 29,426,566 $ 30,096,396 $ 30,895,914 $ 31,663,321 $ 37,138,643 $ 37,393,528 13,970,888 - - 14,589,252 20,592,455 26,562,380
934,809 11,525,382 26,199,337 23,019,732 30,087,481 27,001,814 (1,904,461) 147,012 (1,538,139) (1,529,383) (1,542,807) (1,409,994) $ 42,427,802 $ 41,768,790 $ 55,557,112 $ 67,742,922 $ 86,275,772 $ 89,547,728 185

City of El Paso de Robles

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
Last Ten Fiscal Years
2015-16 2016-17 2017-18 2018-19

REVENUES
Taxes $ 35,894,651 $ 38,178,013 $ 40,147,803 $ 40,368,001 Licenses and permits 1,322,970 819,308 564,337 563,948
Fines and forfeitures 199,613 179,672 177,138 131,892
Use of money and property 1,286,290 422,948 365,053 2,969,510 Intergovernmental revenues 3,240,667 2,291,741 2,023,313 2,516,651 Charges for current services 3,034,954 6,310,411 2,790,306 5,625,843 Other revenues 1,692,254 1,155,848 262,935 683,400
Total revenues 46,671,399 49,357,941 46,330,885 52,859,245

EXPENDITURES
Current:

General government 3,306,703 5,124,207 3,959,465 6,649,678 Public safety 13,474,420 15,829,754 14,536,296 16,634,327 Public works 6,683,735 2,639,375 3,225,024 2,100,697
Highways and streets - - - -
Sanitation - - - -
Health and welfare - - - -
Library and recreation services 1,995,032 - - -
Culture-recreation - - - -
Community services - 7,290,008 7,360,489 8,286,830
Community development 2,220,585 3,082,615 3,065,976 3,396,257 Urban redevelopment and housing - - - -
Economic development and assistance - - - -
Capital outlay 11,061,482 8,285,208 7,206,662 8,316,414 Debt service:

IntInterest 1,585,657 1,415,934 1,295,230 1,456,073
PriPrincipal 2,356,341 4,683,266 2,406,070 19,738,749
Bond issuance costs - - - 144,874
Agent fees 4,302 1,820 3,631 1,655
Intergovernmental - - - -
Total expenditures 42,688,257 48,352,187 43,058,843 66,725,554 3,983,142 1,005,754 3,272,042 (13,866,309)

OTHER FINANCING SOURCES (USES)
Transfers in 8,821,167 2,410,797 7,969,427 20,332,023
Transfers out (7,884,889) (1,263,557) (6,910,939) (18,658,449) Proceeds of general capital asset dispositions - - - 1,925,855 Issuances of debt 1,935,101 - 2,354,218 14,940,639
Contribution from/(to) Successor Agency 315,507 315,508 275,685 - Total other financing sources (uses) 3,186,886 1,462,748 3,688,391 18,540,068 Net change in fund balances 7,170,028 2,468,502 6,960,433 4,673,759 Fund balances - July 1 $ 47,288,795 $ 54,458,823 $ 56,927,325 $ 64,030,438 Prior period adjustments - - 142,680 -
Fund balances - June 30 $ 54,458,823 $ 56,927,325 $ 64,030,438 $ 68,704,197 Debt service as a percentage of non-capital
expenditures 12.46% 15.21% 10.32% 10.50%
Excess (deficiency) of revenues over (under)
expenditures
186

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
$ 39,062,084 $ 47,022,488 $ 63,235,038 $ 65,122,873 $ 66,846,373 $ 65,557,834 648,309 561,801 786,474 1,217,859 1,423,225 1,330,241
106,595 134,811 97,187 180,488 189,950 271,964
3,472,355 725,318 (1,228,424) 1,871,570 6,861,464 7,099,900 4,673,079 3,686,352 3,248,448 2,480,237 7,626,885 6,934,553 4,741,426 5,825,230 7,947,112 8,165,807 6,605,133 8,205,827 579,318 210,487 346,820 238,658 800,279 174,437
53,283,166 58,166,487 74,432,655 79,277,492 90,353,309 89,574,756 5,883,567 9,249,253 11,502,346 7,591,761 9,192,719 10,779,317 16,119,175 18,744,982 20,392,515 26,157,755 31,515,165 32,337,941 1,718,555 - - - - -
- 2,687,268 3,249,620 5,239,811 7,425,584 7,665,500
- 309,561 437,239 505,383 744,705 -
- 174,247 17,359 83,774 15,512 -
- - - - - -
- 6,302,906 7,377,255 8,043,906 9,482,776 9,824,289
7,612,302 - - - - -
3,627,041 - - - - -
- - - 3,138,536 246,065 328,207
- 223,818 591,765 931,366 668,530 659,497
11,430,869 20,825,742 11,039,500 18,673,772 10,219,347 21,185,845 1,017,744 974,105 915,111 858,542 770,387 703,476
2,683,538 1,999,853 1,844,839 1,912,508 1,686,582 1,752,743 - - - - - -
2,060 1,815 1,902 1,054 1,780 1,780
- 138,763 - - - -
50,094,851 61,632,313 57,369,451 73,138,168 71,969,152 85,238,595 3,188,315 (3,465,826) 17,063,204 6,139,324 18,384,157 4,336,161 10,846,287 21,979,343 15,051,559 26,430,454 14,148,631 16,316,957 (9,546,633) (20,449,580) (19,808,180) (25,628,168) (13,221,067) (19,750,806) 120,478 2,492,971 - - - -
- - - - - -
(205,504) - - - - -
1,214,628 4,022,734 (4,756,621) 802,286 927,564 (3,433,849) 4,402,943 556,908 12,306,583 6,941,610 19,311,721 902,312 $ 68,704,197 $ 73,107,140 $ 73,664,048 $ 85,970,631 $ 92,571,253 $ 111,882,974 - - - (340,988) - -
$ 73,107,140 $ 73,664,048 $ 85,970,631 $ 92,571,253 $ 111,882,974 $ 112,785,286

9.26% 7.29% 5.96% 5.25% 4.09% 4.13%
187

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188

City of El Paso de Robles

TAX REVENUE BY SOURCE - GENERAL FUND
Last Ten Fiscal Years
2015-16 $ 11,009,178 $ 8,011,762 $ 4,740,344 $ 2,674,453 $ 502,777 $ 585,014 $ 27,523,528 2016-17 9,734,032 9,903,036 5,417,254 3,078,175 502,091 677,749 29,312,337 2017-18 10,457,497 10,370,968 5,619,769 3,373,843 550,122 594,058 30,966,257 2018-19 10,927,284 10,795,393 6,248,573 3,476,769 576,013 600,332 32,624,364 2019-20 11,788,206 10,253,195 5,110,558 3,456,846 507,722 624,653 31,741,180 2020-21 11,723,491 12,077,864 7,132,691 3,728,157 537,074 663,137 35,862,414 2021-22 12,317,409 13,472,626 9,803,368 3,722,574 554,943 847,616 40,718,536 2022-23 13,165,625 13,524,049 9,824,200 2,900,266 646,001 853,812 40,913,953 2023-24 14,210,193 13,624,123 9,946,197 3,033,683 581,644 803,123 42,198,963 2024-25 14,248,311 13,277,120 9,705,846 2,056,309 642,463 778,466 40,708,515 Notes:
2 - Amount only includes the general funded property tax. Excludes General Obligation Bond tax override measures (i.e., Measure D-98) All Other Taxes Total
1 - Due to passage of Proposition 13, the maximum property tax rate is set at 1% of assessed valuation unless otherwise approved by vote of the electorate. Except for general obligation bond override approved by voters in 1998, there are no general use property tax overrides authorized. The growth in property tax revenues is due to significant growth in assessed valuations arising from new residential and commercial development and property ownership turnover.
3 - Amount only includes the Bradley-Burns local tax. Excludes supplemental sales tax override measures (i.e, Measure E-12, J-20, I-24).

Fiscal Year Property Taxes1,2
Sales & Use
Tax3
Transient
Occupancy Tax
Franchise
Revenues
Business
License
189

City of El Paso de Robles
ASSESSED VALUE OF TAXABLE PROPERTY1
Last Ten Fiscal Years
2015-16 2016-17 2017-18 2018-19
Residential $ 2,818,066,533 $ 2,978,363,819 $ 3,151,469,801 $ 3,324,175,748 Commercial 737,169,745 774,054,769 848,668,308 942,828,626 Industrial 176,171,430 188,201,454 194,185,968 225,071,006 Dry Farm 21,212,316 26,033,859 28,610,732 8,821,779
Government Owned 164,006 - - 554,977
Institutional 1,969,504 1,966,745 2,501,775 2,201,041
Irrigated 10,769,227 10,554,633 10,736,555 11,997,805
Miscellaneous 5,354,379 6,607,050 8,589,969 9,917,588
Recreational 44,846,704 42,568,667 49,115,737 47,571,173 Vacant 161,534,728 172,579,985 169,648,990 151,993,493
SBE Nonunitary 162,043 162,043 155,000 155,000
Unsecured 215,545,627 224,084,154 209,853,159 234,626,655 Unknown - - - -
Total $ 4,192,966,242 $ 4,425,177,178 $ 4,673,535,994 $ 4,959,914,891 Total Direct Rate2 0.22162 0.20800 0.20737 0.20434
Notes:
2 - Exempt values are not included in total direct rate.

Data Source:

San Luis Obispo County Assessor Combined Tax Rolls
Category
1 - In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1%, based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum of 2%). With few exceptions, property is only reassessed 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 (market value) or economic value of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above. 190

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
$ 3,529,219,031 $ 3,692,309,077 $ 3,813,052,237 $ 4,053,872,050 $ 4,316,319,068 $ 4,572,718,285 675,241,513 713,832,621 1,010,624,089 1,069,530,492 1,135,279,949 1,190,142,661 244,672,504 266,365,168 272,676,203 281,791,157 296,297,226 306,185,817 17,357,137 17,614,048 5,219,603 4,281,200 4,365,422 4,461,625 1,980,641 2,020,253 2,041,180 2,129,758 3,678,669 3,092,363 5,057,410 4,174,945 7,629,776 23,548,769 23,706,479 25,915,572 12,237,742 12,744,994 12,907,255 12,464,645 12,746,420 13,001,335 7,568,989 8,189,258 10,580,981 14,048,812 10,810,271 10,917,263 34,175,060 38,709,333 58,387,095 69,314,076 73,248,514 71,293,589 409,747,446 398,294,394 257,810,894 279,293,487 331,270,859 404,783,695 155,000 555,000 555,000 598,400 598,400 598,400
243,605,442 247,137,563 248,923,911 285,812,712 349,705,776 371,668,944 66,104,168 90,974,281 - - 4,612,589 -
$ 5,247,122,083 $ 5,492,920,935 $ 5,700,408,224 $ 6,096,685,558 $ 6,562,639,642 $ 6,974,779,549

0.19719 0.19131 0.19311 0.19024 0.18556 0.18210
191

City of El Paso de Robles

NET TAXABLE ASSESSED VALUE HISTORY
Last Ten Fiscal Years
2015-16 $ 3,977,258,572 $ 215,545,627 $ 162,043 4,192,966,242 2016-17 4,200,930,981 224,084,154 162,043 4,425,177,178 5.54% 2017-18 4,463,527,835 209,853,159 155,000 4,673,535,994 5.61% 2018-19 4,725,133,236 234,626,655 155,000 4,959,914,891 6.13% 2019-20 5,003,361,641 243,605,442 155,000 5,247,122,083 5.79% 2020-21 5,245,228,372 247,137,563 555,000 5,492,920,935 4.68% 2021-22 5,450,929,313 248,923,911 555,000 5,700,408,224 3.78% 2022-23 5,810,274,446 285,812,712 598,400 6,096,685,558 6.95% 2023-24 6,212,335,466 349,705,776 598,400 6,562,639,642 7.64% 2024-25 6,602,512,205 371,668,944 598,400 6,974,779,549 6.28% Average % Change 6.63%
Data Source:

San Luis Obispo County Assessor - Combined Tax Rolls
Fiscal Year Secured Unsecured SBE Nonunitary % Change
Net Total Assessed
Value
192

City of El Paso de Robles

PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS Rate per $100 of Taxable Value
Last Ten Fiscal Years
2015-16 1.00000% 0.06430% 0.01925% 0.01190% 0.00374% 0.05800% 1.15719% 2016-17 1.00000% 0.05160% 0.01925% 0.01190% 0.00400% 0.05800% 1.14475% 2017-18 1.00000% 0.05160% 0.01925% 0.01190% 0.00400% 0.05800% 1.14475% 2018-19 1.00000% 0.04940% 0.01925% 0.06043% 0.00400% 0.05800% 1.19108% 2019-20 1.00000% 0.04250% 0.01925% 0.06043% 0.00400% 0.05800% 1.18418% 2020-21 1.00000% 0.03630% 0.01925% 0.06043% 0.00400% 0.05800% 1.17798% 2021-22 1.00000% 0.04010% 0.01925% 0.06043% 0.00400% 0.05800% 1.18178% 2022-23 1.00000% 0.03720% 0.01925% 0.06043% 0.00400% 0.05800% 1.17888% 2023-24 1.00000% 0.03450% 0.01925% 0.05810% 0.00363% 0.05800% 1.17348% 2024-25 1.00000% 0.03250% 0.01750% 0.05810% 0.00365% 0.05800% 1.16975% Notes:

Data Source:

San Luis Obispo County Assessor Tax Rate Table
Templeton
Unified School
District
Total Direct
and
Overlapping
Tax Rates2
1 - In 1978, California voters passed Proposition 13 which set the property tax rate at a 1.00% fixed amount. The 1.00% is shared by all taxing agencies within which the subject property resides. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of any voter approved bonds. 2 - Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to all city property owners.

Fiscal Year
San Luis
Obispo
County Tax
Rate1
General
Obligation
Debt Service
Cuesta
Community
College
Paso Robles
Joint Unified
School
District
State Water
Board
193

City of El Paso de Robles

PRINCIPAL PROPERTY TAXPAYERS
Current Fiscal Year and Nine Fiscal Years Ago
Taxpayer
Firestone Walker LLC Commercial $ 109,766,041 1 1.57%
Justin Vineyards and Winery LLC Commercial 90,114,237 2 1.29% Blue Oak TIC Owner I LLC Residential 77,501,451 3 1.11% PDOF Paso LLC Commercial 63,470,204 4 0.91%
FLT Arrive Paso LLC Residential 51,877,649 5 0.74%
Ayres - Paso Robles LP Commercial 36,414,682 6 0.52%
Paso Golden Hill LLC Commercial 34,875,892 7 0.50%
Sun Paso Robles RV LLC Vacant 31,657,622 8 0.45%
SGS Holding Company LLC Commercial 31,569,000 9 0.45%
Treana Winery LLC Unsecured 29,849,401 10 0.43%
DS Paso Crossing LLC Commercial - - -
Vina Robles Inc Commercial - - -
Dry Creek Apartments LP Residential - - -
John Stephenson Trust Industrial - - -
Probitas Properties Ramada LLC Industrial - - -
Sun Wine Country RC LLC Commercial - - -
Pacific Coast Hotel Properties LLC Commercial - - -
Totals $ 557,096,179 7.97%
Data Source:

San Luis Obispo County Assessor Combined Tax Rolls and SBE Nonunitary Tax Roll Fiscal Year 2024-25
Type of Business Assessed Valuation Rank
Percentage of Total
Taxable Assessed
Valuation
194

$ 46,543,465 1 1.11%
31,140,363 3 0.74%
- - -
- - -
- - -
- - -
29,970,455 4 0.71%
- - -
- - -
- - -
37,623,681 2 0.90%
23,117,539 5 0.55%
21,737,758 6 0.52%
18,365,898 7 0.44%
15,200,000 8 0.36%
14,793,071 9 0.35%
14,666,000 10 0.35%
$ 253,158,230 6.03%
Fiscal Year 2015-16
Assessed Valuation Rank
Percentage of Total
Taxable Assessed
Valuation
195

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196

City of El Paso de Robles

PROPERTY TAX LEVIES AND COLLECTIONS
Last Ten Fiscal Years
Fiscal Year Tax Levy
2015-16 $ 6,220,706 $ 6,220,706 100.00% $ - $ 6,220,706 100.00% 2016-17 6,687,239 6,687,239 100.00% - 6,687,239 100.00% 2017-18 7,187,246 7,187,246 100.00% - 7,187,246 100.00% 2018-19 7,461,972 7,461,972 100.00% - 7,461,972 100.00% 2019-20 8,129,560 8,129,560 100.00% - 8,129,560 100.00% 2020-21 8,001,494 8,001,494 100.00% - 8,001,494 100.00% 2021-22 8,362,181 8,362,181 100.00% - 8,362,181 100.00% 2022-23 9,144,084 9,144,084 100.00% - 9,144,084 100.00% 2023-24 9,585,017 9,585,017 100.00% - 9,585,017 100.00% 2024-25 9,947,498 9,947,498 100.00% - 9,947,498 100.00% Note:

Data Source:

San Luis Obispo County Auditor-Controller
The City has elected the Teeter Plan method of property tax collection, whereby the County remits 100% of taxes levied and pursues collection and retains any delinquent taxes and related penalties and interest.

Collected within the
Fiscal Year of the Levy
Collections in
Subsequent Year
Total Collections to Date
Amount
Percentage of
Levy Amount
Percentage of
Levy
197

City of El Paso de Robles

TAXABLE SALES BY CATEGORY - ADJUSTED FOR ECONOMIC DATA
In Thousands of Dollars
Last Ten Calendar Years
2015 2016 2017 2018
Apparel Stores $ 28,515 $ 30,399 $ 31,605 $ 32,215
General Merchandise 97,031 97,750 97,860 98,726
Food Stores 27,636 28,540 29,541 30,422
Eating and Drinking Places 102,916 108,989 118,772 116,045 Building Materials 95,137 101,621 110,650 118,297
Auto Dealers and Supplies 154,419 182,520 188,506 186,772 Service Stations 102,707 92,680 108,120 125,238
Other Retail Stores 90,795 92,562 94,509 94,626
All Other Outlets 231,048 237,940 249,671 286,299
Total $ 930,204 $ 973,001 $ 1,029,234 $ 1,088,640
Note:

Data Sources:

State Board of Equalization
California Department of Taxes and Fees Administration
State Controller's Office
The HdL Companies
Due to confidentiality issues, the names of the ten largest revenue payers are not available. The categories presented are intended to provide alternate information regarding the sources of the City's revenue. 198

2019 2020 2021 2022 2023 2024
$ 33,173 $ 26,840 $ 41,153 $ 40,908 $ 41,130 $ 40,581
97,447 91,715 103,517 109,422 109,532 111,104
31,718 34,700 34,856 36,954 37,613 37,945
123,059 103,486 147,470 160,251 162,382 162,606
110,254 128,166 144,130 158,507 153,016 147,120
180,292 185,734 206,541 203,147 186,086 177,041
124,954 92,649 128,980 161,204 152,578 146,456
92,247 92,279 105,103 106,393 101,518 98,362
274,381 309,095 367,541 410,510 409,491 421,888
$ 1,067,525 $ 1,064,664 $ 1,279,291 $ 1,387,296 $ 1,353,346 $ 1,343,103 199

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200

City of El Paso de Robles

SALES TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS
Last Ten Fiscal Years
Fiscal Year Total Rate
2015-16 0.75% 0.50% 6.50% 0.25% 8.00%
2016-172 1.00% 0.50% 6.00% 0.25% 7.75%
2017-18 1.00% 0.50% 6.00% 0.25% 7.75%
2018-19 1.00% 0.50% 6.00% 0.25% 7.75%
2019-20 1.00% 0.50% 6.00% 0.25% 7.75%
2020-21 1.00% 1.50% 6.00% 0.25% 8.75%
2021-22 1.00% 1.50% 6.00% 0.25% 8.75%
2022-23 1.00% 1.50% 6.00% 0.25% 8.75%
2023-24 1.00% 1.50% 6.00% 0.25% 8.75%
2024-25 1.00% 1.50% 6.00% 0.25% 8.75%
Notes:

Data Source:

State of California - Board of Equalization
1 - In 2012, City voters approved Measure E-12, a half cent supplemental sales tax; this became effective April 1, 2013 and expired on March 31, 2025. In 2024, City voters approved Measure I-24, extending the tax indefinitely until ended by voters. Additionally, in 2020, City voters approved Measure J-20, a one cent supplemental sales tax; this became effective April 1, 2021. Measure J-20 automatically expires twelve years after the effective date, unless extended by voters beforehand. 2 - In 2004, the State of California implemented the "Triple Flip" sales tax swap where the State swapped a quarter cent sales tax revenue from the local municipalities in exchange for the County Education Revenue Augmentation Fund (ERAF). This arrangement ended in the 2016-17 fiscal year.

City Direct Rates Overlapping Rates
City Supplemental1 State of California
County of San Luis
Obispo
201

City of El Paso de Robles

RATIOS OF OUTSTANDING DEBT BY TYPE
Last Ten Fiscal Years
Fiscal Year
2015-16 $ 23,859,064 $ 2,517,598 $ 2,240,000 $ - $ - $ 2,315,403 2016-17 22,204,529 2,307,798 1,650,099 - - 1,789,672
2017-18 20,500,487 2,097,998 1,386,639 - - 3,705,322
2018-19 14,525,636 1,888,198 1,117,474 - - 3,305,589
2019-20 12,609,724 1,678,398 843,200 - - 2,812,238
2020-21 11,227,152 1,468,598 564,375 - - 2,473,782
2021-22 9,801,293 1,258,798 286,436 - - 2,195,042
2022-23 8,320,902 1,048,998 - 438,969 113,337 1,907,999 2023-24 6,784,793 839,198 - 227,285 42,401 1,669,595
2024-25 5,187,473 629,398 - 508,529 100,181 1,442,313
Subscription
General Bonds Payable
Premium on GO
Bonds COP All Other Debt
Governmental Activities
Leases Payable
202

$ - $ 5,470,000 $ 395,997 $ 204,496 $ 46,227,627 $ 83,230,185 1.92% $ 2,530.05 - 5,230,000 371,247 161,882 44,239,217 77,954,444 1.70% 2,371.25 - 4,980,000 346,497 130,985 46,209,040 79,356,968 1.65% 2,461.67 8,118,000 4,715,000 321,747 112,121 53,111,067 87,214,832 1.71% 2,720.68 7,662,376 4,440,000 296,997 92,805 48,165,536 78,601,274 1.43% 2,517.58 7,209,970 4,160,000 272,247 73,026 45,792,524 73,241,674 1.33% 2,357.08 6,744,579 3,860,000 247,497 52,774 43,378,422 67,824,841 1.19% 2,175.55 6,265,830 3,540,000 222,747 32,037 40,922,501 62,813,320 1.03% 2,028.57 5,773,339 3,205,000 197,997 12,320 39,970,618 58,722,546 0.89% 1,899.98 5,266,712 2,850,000 173,247 - 37,428,820 53,586,673 0.82% 1,733.80 Business-Type Activities
Outstanding
Debt per Capita
Total Primary
Government
Outstanding
Debt to
Water Bonds Sewer Bonds Assessed Value
Premium on
Sewer Bonds
Financed
Purchases Loans Payable
203

City of El Paso de Robles

RATIOS OF GENERAL BONDED DEBT OUTSTANDING
Last Ten Fiscal Years
Fiscal Year
2015-16 $ 23,859,064 $ 5,796,871 $ 18,062,193 0.43% 31,398 $ 575.27 2016-17 22,204,529 4,688,375 17,516,154 0.40% 31,745 551.78 2017-18 20,500,487 4,261,808 16,238,679 0.35% 31,559 514.55 2018-19 16,413,834 1,636,534 14,777,300 0.30% 31,244 472.96 2019-20 14,288,122 1,107,655 13,180,467 0.25% 31,221 422.17 2020-21 12,695,750 1,878,571 10,817,179 0.20% 31,073 348.12 2021-22 11,060,091 2,002,054 9,058,037 0.16% 31,176 290.55 2022-23 9,369,900 2,356,020 7,013,880 0.12% 30,692 228.52 2023-24 7,623,991 2,383,882 5,240,109 0.08% 30,907 169.54 2024-25 5,816,871 3,005,372 2,811,499 0.04% 31,061 90.52 Net Bonded Debt
per Capita
General Bonded
Debt
Less: Amount
Available in Debt
Service Funds
Net General
Bonded Debt
Ratio of Net
Bonded Debt to
Assessed Value Population
204

City of El Paso de Robles

DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
For the Fiscal Year Ended June 30, 2025
Jurisdiction
Direct and Overlapping Tax and Assessment Debt
San Luis Obispo Community College District $ 192,585,001 9.294% $ 17,898,850 Paso Robles Joint Unified School District 12,894,998 52.780% 6,805,980 Paso Robles Joint Unified School District SFID No. 1 80,110,000 62.891% 50,381,980 Templeton Unified School District 29,914,746 3.194% 955,477 City of Paso Robles General Obligation Bonds 5,816,871 100.000% 5,816,871 Total Direct and Overlapping Tax and Assessment Debt 81,859,158 Direct and Overlapping General Fund Debt
San Luis Obispo County Certificates of Participation 77,618,930 9.329% 7,241,070 San Luis Obispo County Pension Obligations 19,244,056 9.329% 1,795,278 City of El Paso de Robles Leases Payable 508,529 100.000% 508,529 City of El Paso de Robles Subscription Payable 100,181 100.000% 100,181 City of El Paso de Robles Loans Payable 1,442,313 100.000% 1,442,313 Total Direct and Overlapping General Fund Debt 11,087,371 Overlapping Tax Increment Debt (Successor Agency) 8,185,000 100.000% 8,185,000 Total Direct Debt 7,867,894
Total Overlapping Debt 93,263,635
Total Combined Debt $ 101,131,529
Ratio to Assessed Valuation:

Direct Debt 0.08%
Total Direct and Overlapping Tax and Assessment Debt 1.17% Total Direct Debt 0.11%
Combined Total Debt 1.45%
Ratio to Redevelopment Successor Agency Incremental Valuation:

Total Overlapping Tax Increment Debt 0.91%
Note:

Data Source:

California Municipal Statistics
Net Debt
Outstanding
Percentage
Applicable to the
City1
Amount Applicable
to the City
1 - The percentage of overlapping debt applicable to the City is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of overlapping district's assessed value that is within the boundaries of the City divided by the district's total taxable assessed value.
205

City of El Paso de Robles

LEGAL DEBT MARGIN INFORMATION
Last Ten Fiscal Years
2015-16 2016-17 2017-18 2018-19
Debt limit $ 157,236,234 $ 165,944,144 $ 175,257,600 $ 185,996,808 Total debt applicable to limit 28,414,467 25,644,300 25,592,448 18,948,699 Legal debt margin $ 128,821,767 $ 140,299,844 $ 149,665,152 $ 167,048,109

18.07% 15.45% 14.60% 10.19%
Data Source:

City of Paso Robles Financial Reports
Total net debt applicable to the limit as a
percentage of debt limit
206

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
$ 196,767,078 $ 205,984,535 $ 213,765,308 $ 228,625,708 $ 246,098,987 $ 261,554,233 16,265,162 14,265,309 12,282,771 10,228,901 8,454,388 6,629,786 $ 180,501,916 $ 191,719,226 $ 201,482,537 $ 218,396,807 $ 237,644,599 $ 254,924,447

8.27% 6.93% 5.75% 4.47% 3.44% 2.53%
Legal Debt Margin Calculation for Fiscal Year 2023-24
Assessed value $ 6,974,779,549
Debt limit - 3.75% of total assessed value1 261,554,233 Amount of debt applicable to limit 6,629,786
Legal debt margin $ 254,924,447
Note:
1 - California Government Code Section 43605 establishes a legal debt limit of 15% of gross assessed valuation for municipalities. However, this provision was enacted when assessed valuation was established based on 25% of market value. Effective in fiscal year 1981-82, taxable property is assessed at 100% of market value. Although the debt limit provision has not been amended by the State since this change, the percentage has been proportionately modified to 3.75% for the purposes of this calculation for consistency with the original intent of the State's limit. 207

City of El Paso de Robles

PLEDGED REVENUE COVERAGE
Last Ten Fiscal Years
Fiscal Year Coverage
2015-16 $ 9,347,433 $ (5,370,378) $ 3,977,055 $ 464,825 8.56 $ - 2016-17 10,792,290 (5,044,184) 5,748,106 3,174,633 1.81 - 2017-18 9,658,099 (5,780,889) 3,877,210 3,175,032 1.22 - 2018-19 10,029,524 (5,777,450) 4,252,074 3,180,032 1.34 - 2019-20 9,656,388 (5,445,678) 4,210,710 3,620,046 1.16 15,379,770 2020-21 9,680,581 (5,485,128) 4,195,453 3,614,049 1.16 17,121,936 2021-22 12,374,670 (5,133,998) 7,240,672 3,620,048 2.00 17,959,769 2022-23 13,379,936 (5,558,327) 7,821,609 3,625,048 2.16 17,827,033 2023-24 13,613,271 (6,634,240) 6,979,031 3,624,048 1.93 17,913,467 2024-25 14,912,365 (6,414,404) 8,497,961 3,627,300 2.34 22,053,415 Notes:
1 - Service charges include developer connection fees.
2 - Operating expenses do not include interest, depreciation or amortization expenses.

Data Source:

City of Paso Robles Financial Reports
3 - Debt service payment includes Sewer Bonds, State Revolving Loan for treatment plant expansion and State Revolving Loan for tertiary treatment facilities.

Wastewater Fund
Utility Service
Charges1
Operating
Expenses2
Net Available
Revenues Debt Service3
Utility Service
Charges1
208

Coverage
$ - $ - $ - N/A
- - - N/A
- - - N/A
- - - N/A
(11,235,705) 4,144,065 667,583 6.21
(12,417,131) 4,704,805 667,583 7.05
(12,133,925) 5,825,844 667,583 8.73
(13,456,339) 4,370,694 667,583 6.55
(13,075,391) 4,838,076 667,583 7.25
(13,763,864) 8,289,551 667,583 12.42
Water Fund
Operating
Expenses2
Net Available
Revenues Debt Service
209

City of El Paso de Robles

PRINCIPAL EMPLOYERS
Current Fiscal Year and Nine Fiscal Years Ago
Employer Number of Employees Rank Percentage of Total
Paso Robles Joint Unified School District 854 1 4.43%
The Ravine Waterpark 316 2 1.64%
City of El Paso de Robles 309 3 1.60%
Pearce Services, LLC 280 4 1.45%
Firestone Walker Inc. 274 5 1.42%
Walmart Store No. 2099 254 6 1.32%
Respite, Inc. 208 7 1.08%
Applied Technologies Assoc. 205 8 1.06%
Allegretto Vineyard Resort 185 9 0.96%
Trelleborg Sealing Solutions Tustin, Inc. 177 10 0.92%
Totals 3,062 15.88%
Total City Employment 19,272
* Data not available
Data Sources:
2 - Top Principal Employers were determined based on number of employees reported on City Business License forms.

Fiscal Year 2024-25
1 - Total City Employment was calculated based on 2023 Census Bureau population estimate of 31,134 and the 2018-2022 Census Bureau statistic for total percent of population age 16+ years in civilian labor force of 61.9%. 210

Number of Employees Rank Percentage of Total
* * *
* * *
* * *
* * *
* * *
* * *
* * *
* * *
* * *
* * *
Fiscal Year 2015-16
211

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212

City of El Paso de Robles

DEMOGRAPHICS AND ECONOMIC STATISTICS
Last Ten Calendar Years
Calendar Year
2015 31,398 $ 865,552 $ 27,567 5.2% 35.1 84.0% 22.6%
2016 31,745 865,552 27,265 4.8% 36.0 83.8% 21.6%
2017 31,559 918,379 29,100 3.8% 35.4 85.2% 23.5%
2018 31,244 956,290 30,607 2.9% 36.8 84.2% 23.8%
2019 31,221 1,012,706 32,436 2.7% 38.4 84.2% 23.8%
2020 31,073 1,043,846 33,593 7.9% 38.7 85.7% 24.4%
2021 31,176 1,101,342 35,326 5.5% 39.0 88.1% 24.8%
2022 30,692 1,152,786 37,559 3.0% 38.4 88.1% 26.1%
2023 30,907 1,370,278 44,335 3.3% 39.5 88.8% 29.2%
2024 31,061 1,369,481 44,090 4.2% 38.8 88.7% 29.1%
Data Sources:
1 - Population: California State Department of Finance
2 - Unemployment Data: California Employment Development Department 3 - Income, Age and Education Data: US Census Bureau, most recent American Community Survey Percent of
Population (25+
year of age) with
Bachelor's
Population Degree
Personal
Income
(in thousands)
Per Capita
Personal
Income
County
Unemploy-ment
Rate Median Age
Percent of
Population (25+
years of age)
with High
School Degree
213

City of El Paso de Robles
FULL-TIME EQUIVALENT1

GOVERNMENT EMPLOYEES BY FUND/DEPARTMENT
Last Ten Fiscal Years2
Fund/Department 2015-16 2016-17 2017-18 2018-19
General Fund
City Manager's Office 11.00 7.84 7.56 8.71
Administrative Services 5.00 7.59 8.21 8.56
Police 49.50 50.29 53.04 53.23
Fire and Emergency Services 24.00 28.98 31.65 36.98
Public Works3 25.00 14.96 18.18 18.64
Community Services3 19.00 27.28 29.67 29.16
Community Development 12.00 11.62 11.10 11.97
Subtotal General Fund 145.50 148.56 159.41 167.25
Measure J-20 Fund
Police - - - -
Fire and Emergency Services - - - -
Public Works - - - -
Subtotal Measure J-20 Fund - - - -
Internal Service Funds4
Information Technology - - - -
Fleet and Equipment - - - -
Risk Management - - - -
Subtotal Internal Service Funds - - - -
Downtown Parking Fund - - - -
Landscape and Lighting District Fund 1.00 0.85 0.88 1.08 Water Fund 18.50 22.68 25.12 23.63
Wastewater Fund 23.00 29.79 29.90 29.92
Airport Fund 1.00 1.42 1.82 2.31
Solid Waste Fund - - - -
Recycled Water Fund - - - -
Citywide Total 189.00 203.30 217.13 224.19
Notes:

Data Source:

City of El Paso de Robles payroll records and budget reports. 1 - A full-time employee is scheduled to work 2,080 hours per year including vacation and sick leave (2,912 hours per year for shift firefighters). Fulltime equivalent is calculated by dividing total labor hours by 2,080 (or 2,912 for shift firefighters). 2 - Prior to Fiscal Year 2016-17, the City's payroll system did not track total labor hours. As such, the information provided is the authorized budgeted position for the fiscal year.
3 - Beginning in Fiscal Year 2016-17, the City reorganized the park and facility maintenance functions from Public Works Department to the Community Services Department.
4 - In Fiscal Year 2021-22, the City reorganized information technology, fleet and equipment and risk management to internal service funds. In previous years, these positions were included in their applicable General Fund department. 214

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25

7.91 9.92 4.51 5.64 6.02 5.20

7.49 7.34 8.61 9.14 8.86 9.35

54.71 54.92 59.78 60.49 59.80 61.34

43.94 47.22 42.45 35.63 34.23 35.56

19.16 17.70 16.25 23.63 28.64 28.03

26.90 26.13 25.45 28.77 33.94 35.41

13.27 13.89 15.59 16.98 16.29 17.66
173.38 177.12 172.64 180.28 187.78 192.55
- 0.44 1.49 5.47 10.84 19.51
- 0.90 5.34 14.32 17.41 18.59
- 0.15 1.82 1.70 2.37 2.86
- 1.49 8.65 21.49 30.62 40.96
- - 4.59 5.02 4.69 5.04
- - 2.34 2.83 3.20 3.64
- - - 0.48 0.50 0.50
- - 6.93 8.33 8.39 9.18

0.66 1.02 1.45 2.42 1.95 -

2.16 2.76 2.61 1.44 1.10 1.10

24.08 22.11 20.93 22.76 24.71 29.47

29.14 29.46 27.44 27.31 26.15 27.87

1.70 2.09 2.33 2.41 3.16 6.64
- - - 0.17 1.00 1.00
- - - - 0.67 -
231.12 236.05 242.98 266.61 285.53 308.77
215

City of El Paso de Robles

OPERATING INDICATORS BY FUNCTION/PROGRAM
Last Ten Fiscal Years
Function/Program 2015-16 2016-17 2017-18 2018-19
Public safety
Police
Physical arrests 1,566 1,669 1,731 1,558
Parking violations 449 502 534 291
Traffic violations 2,613 2,705 2,442 2,530
Emergency services
Emergency responses 3,747 3,790 3,812 3,827
Fires extinguished 109 131 131 120
Inspections 416 489 756 525
Utilities
Water operations
New connections 65 54 22 26
Water main breaks 3 - 4 3
Average daily production1 4.43 4.70 5.34 5.50
Peak daily production1 8.45 8.67 9.42 8.46
Wastewater
Average daily sewage treatment1 2.70 2.60 2.40 2.20
Community services
Library services
Volumes in collection 79,003 67,138 60,899 72,970
Total volumes borrowed 276,938 253,644 243,572 262,551
Program and outreach attendance N/A N/A N/A N/A
Door count N/A N/A N/A N/A
Total circulation N/A N/A N/A N/A
Comnputer/Wifi usage connections N/A N/A N/A N/A
Recreation services
Athletic field permits issued 3,286 3,295 3,439 N/A
Activity admissions 35,127 37,382 48,300 N/A
Recreation programs
Number of programs N/A 5,549.00 4,693 5,493
Number of program participants N/A 64,467.00 58,391 62,705 Recreation programs
Athletic facilities- number of reservations N/A 3,302.00 2,716 3,041 Recreation facilities- number of reservations N/A 683.00 572 714 Number of reservation participants N/A 259,296.00 249,385 205,728 Community development
Building permits issued 1,024 836 811 1,076
Building inspections conducted 3,907 3,131 3,064 3,905
Residential units constructed 153 65 244 117
Building commercial square footage N/A N/A 105,000.00 386,792 Total Permit Valuation 60,561,000 45,238,000 85,944,000 76,500,981 Note 1: In millions of gallons
Data Source:

City of El Paso de Robles
216

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
1,555 1,487 1,495 1,815 2,154 2,118
511 1,883 8,249 11,011 7,004 374
2,758 2,752 2,407 3,245 2,955 3,243
3,948 3,853 4,662 4,748 4,777 4,943
118 110 138 187 144 113
757 130 493 917 1,198 1,517
34 22 22 55 47 93
4 5 10 4 10 4

5.09 4.96 5.22 4.83 4.60 4.70

8.47 9.31 8.97 9.45 9.99 8.79

2.20 2.40 2.40 2.40 2.40 2.30
62,808 61,862 63,064 N/A 47,206 N/A
195,456 176,223 180,800 N/A 192,738 N/A
8,506 8,937 9,968 10,428 14,334 18,861
109,547 54,911 94,696 104,987 119,060 122,518
245,046 230,815 237,761 270,665 336,690 285,433
N/A N/A N/A N/A N/A 189,270

N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A
5,503 3,034 4,414 6,980 7,997 8,512
53,154 25,313 36,723 54,010 54,490 51,182
2,318 2,298 3,551 3,630 3,532 3,146
668 302 1,397 1,496 1,395 1,738
235,520 83,663 361,555 478,354 676,705 487,576
1,069 996 1,131 1,367 1,261 1,373
3,898 2,972 2,971 4,955 5,424 9,069
32 56 191 269 274 173
41,192 167,311 246,947 221,665 360,114 32,453
28,179,208 51,983,603 135,397,861 110,916,498 136,887,738 103,106,116 217

City of El Paso de Robles

CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
Last Ten Fiscal Years
Function/Program 2015-16 2016-17 2017-18 2018-19
General government
Personal computers 225 242 249 251
Public safety
Police stations 1 1 1 1
Patrol units1 14 14 14 15
Fire stations 2 2 2 2
Public works
Streets (in miles) 173.5 N/A N/A N/A
Streets (in lane miles) N/A 329.40 N/A N/A
Streets (in center line miles, including alleys) N/A N/A 160.00 202.8 Traffic signals 26 27 27 28
Bridges 4 4 4 4
Airports 1 1 1 1
Water
Fire hydrants 1,852 1,856 1,868 1,876
Storage tanks 4 4 4 4
Storage capacity (in millions of gallons) 12 12 12 12
Water mains (in miles) 175 175 175 178
Wastewater
Sanitary sewer (in miles) 140 140 140 126
Storm sewer (in miles) 15 15 15 15
Treatment capacity (in millions of gallons) 5 5 5 5
Community services
Park acreage 101 101 101 101
Pools 4 4 4 4
Playgrounds 11 11 12 12
Baseball/softball fields 11 11 11 11
Soccer/football fields 6 6 6 6
Community centers 2 2 2 2
Notes:

Data Source:

City of El Paso de Robles
1 - In FY 2020-21, total patrol units includes all vehicles capable of being used for patrol purposes. In year's past, only "black and white" patrol units and detective vehicles were counted. 218

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
264 269 272 272 297 301
1 1 1 1 1 1
15 18 26 30 43 38
2 2 2 2 3 3

N/A N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A N/A
202.8 202.8 202.8 202.8 202.8 203.3
28 28 28 28 28 28
4 4 4 4 4 4
1 1 1 1 1 1
1,897 1,902 1,910 1,914 1,920 2,108
4 4 4 4 4 4
12 12 12 12 12 12
178 178 178 178 180 193
126 126 126 127 127 127
15 15 15 15 15 15
5 5 5 5 5 5
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