Annual
Comprehensive
Financial Report
City Council Regular Meeting
December 16, 2025
ACFR –
Fiscal Year
Ended June
30, 2025
State law requirement
Accordance with GAAP and GASB
Audited by Moss, Levy & Harthziem, LLP
Management responsibility
Reasonable assurances versus absolute
No audit findings or recommendations
ACFR Organization
Introductory Section
(pages 1-13)
Opportunity for management to provide an
overview of the City’s activities, prospective
information as well as subjective
information useful in assessing the City’s
economic condition.
Financial Section
(pages 15-175)
Includes independent auditors' letter,
management discussion and analysis, and
all financial statements.
Statistical Section
(pages 178-218)
Operational, economic, and historical data
that provides a context for assessing the
City’s economic condition (e.g., financial
trends, revenue and debt capacity,
demographic, economic, and operating
indicators).
City of Paso Robles Net Position
0 50 100 150 200 250 300 350 400
Net investment in capital assets
Restricted
Unrestricted
Millions
FYE 2024 FYE 2025
Expense and Program Revenues
$-
$5
$10
$15
$20
$25
$30
$35
General Government Public Safety Highways and Streets Culture-Recreation All Other Functions Millions
Expenses Program Revenues
General Fund Components of Fund Balance
0 2 4 6 8 10 12 14 16 18 20
Nonspendable
Assigned
Unassigned
Millions
FYE 2024 FYE 2025
Supplemental Sales Tax Expenditures
$-
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
Police Services Fire and Emergency Services Road Maintenance Millions
FYE 2024 FYE 2025
Enterprise Funds Unrestricted Net Position
0 2 4 6 8 10 12 14 16 18 20
Water Fund
Wastewater Fund
Airport Fund
All Other Enterprise Funds
Millions
FYE 2024 FYE 2025
Other
Items
Significant Accounting Policies
Cash and investments
Capital Assets
Leases/Notes Receivable
Interfund Transactions
Long-term Debt
Pension, Other Post-Employment Benefits
Successor Agency to Redevelopment Agency
Supplementary
Information
(page 113)
Full-Time Equivalent by Department (page 214)
0 50
100
150
200
250
300
350
2017 2018 2019 2020 2021 2022 2023 2024 2025
CMO Admin Services Police Fire Public Works Community Services Community Development Utilities Recognition for Excellence in Financial
Reporting
GFOA CERTIFICATE OF ACHIEVEMENT FOR
EXCELLENCE IN FINANCIAL REPORTING FOR
JUNE 30, 2024
ANTICIPATED FOR JUNE 30, 2025 GFOA’S DISTINGUISHED BUDGET
PRESENTATION AWARD FOR ITS OPERATING
AND CAPITAL BUDGET REPORT FOR FISCAL
YEAR 2024-25 AND 2025-26
Conclusion and
Recommended
Action
Receive and file the Annual Comprehensive
Financial Report, which includes the
Independent Auditor’s Report on the City’s
financial statements, for the fiscal year ended,
June 30, 2025.